Intraday Equity Tips and Market News

Equity tips:- The market breadth was neutral on the NSE with 870 shares advancing, 653 shares declining, and 549 remaining unchanged. Equity benchmark indices open flat on Thursday tracking mixed global cues. Investors also awaited the March-quarter earnings with  TCS  and  Infosys  reporting their Q4 numbers tomorrow. Among sectoral front, metal, pharma, banking, and IT were trading in the red zone, while FMCG, financial services, auto, and realty indices are up. IOC, Bharti Airtel, Indiabulls HF, and BPCL were top gainers on  NSE , while Vedanta, Sun Pharma, Infosys, and Adani Ports fell the most. The  Sensex  rose 43 points at 38,627, while the Nifty was at 11,592, up 8 points. The market breadth was neutral on the NSE with 870 shares advancing, 653 shares declining, and 549 remaining unchanged.

Equity tips:- Among sectoral front, auto, Bank Nifty, and financials were trading lower marginally, while Nifty Realty index rose 1%, followed by metal, media, FMCG and banking stocks. Equity benchmark indices opened lower on Wednesday tracking weak global cues. The sentiment was also impacted after the IMF cut India’s growth forecast by 20bps to 7.3% for the current financial year. On the sectoral front, auto, Bank Nifty, and financials were trading lower marginally, while Nifty Realty index rose 1%, followed by metal, media, FMCG and banking stocks. Shares of Hindalco were down 1% after there was an incident in the red mud (bauxite residue) storage area connected to the alumina plant situated at Muri, Jharkhand, on April 09, 2019. Shares of  HDFC Bank  dropped 1% in the morning trade on the NSE after a media report said th

Equity tips:- For today, expect range-bound trade with early weakness being bought into as foreign flows turn buyers on dips. SGX Nifty  is trading at 11,685, up 2 points. For today, expect range-bound trade with early weakness being bought into as foreign flows turn buyers on dips. On Monday, the Nifty saw a weak start get weaker as selling pressure kept the index under pressure. However, late hour buying by foreign investors saw Nifty recoup some losses to close down 60 points. Metals, banks, and financial services sectors saw selling pressure as higher crude prices hurt sentiment. Rupee weakness prompted buying in IT and selected upstream oil stocks, while the broader market also fell. Global market:  Asian markets opened mixed as the recovery in Dow Jones from lows saw the lukewarm reaction in most Asian indices

Equity tips:- Shares in Hong Kong and China climbed after reopening from a holiday, while stocks in Seoul and Sydney saw more modest gains. Asian stocks kicked off the week in mixed fashion as investors digested the progress made on trade last week and US employment data Friday. Oil rose as fighting in Libya raised the risk of supply outages. Shares in Hong Kong and China climbed after reopening from a holiday, while stocks in Seoul and Sydney saw more modest gains. Equities in Tokyo declined as the yen pushed higher. S&P 500 Index futures were little changed after the benchmark rounded out last week with gains that took it to a six-month high. The dollar was steady and benchmark Treasury yields ticked below 2.5%. As President Donald Trump pressured the Federal Reserve to sustain growth, comments from both the US a

Equity tips:- With the results season in the next week, we expect consolidation to set in the markets. A break below the Doji’s low of 11,560 would lead to further selling pressure in the market. Nifty has formed a Double Top kind of a pattern on the weekly chart and has also formed a Long Legged Doji candlestick pattern on the weekly chart which indicates caution and great amount of indecision in the near term. With the results season in the next week, we expect consolidation to set in the markets. A break below the Doji’s low of 11,560 would lead to further selling pressure in the market. However, the overall trend is still intact and the strategy should continue to be buy in declines. Amid a highly volatile week, Bank Nifty formed a Spinning Top kind of a candlestick pattern on the weekly chart. This indicates high levels