Market Update

Thursday 10 November 2016

Stock Market Tips provide sensex and nifty up Today

Best Advisory Company | Equity Market Tips

Sensex up 400 pts, Midcap shines; Realty, Metal, PSU Bank lead
Equity benchmarks continued to rally in morning trade with the Sensex surging 350 points, driven by banks, infra, metals and pharma stocks. Short covering and global cues drove the market higher.
Best Advisory CompanyPoll: Garments manufacturer Page Industries is expected to report profit at Rs 73.76 crore for July-September quarter, up 22 percent compared with Rs 60.3 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is seen rising 21 percent year-on-year to Rs 559.7 crore while EBIDTA (earnings before interest, tax, depreciation and amortisation) may grow 17 percent to Rs 118.6 crore but margin may contract 100 basis points to 21 percent in Q2.
Volume growth may be around 17 percent. Analysts expect menswear/sportswear to sustain revenue growth momentum of 26 percent and expects womenswear segment to report a healthy 21 percent growth led by 17 percent volume growth.
Nifty Bank hit 20000 for the first time since September 23, up 2.5 percent on value buying. 
View: Mahesh Nandurkar of CLSA says two unexpected big macro events - US elections and Indian currency scrappage - warrant some changes in model portfolio and top picks.
He expects disruptions caused by demonetisation to hit the property sector the most and housing finance will also be impacted. He removed HDFC from model portfolio as a result.
He says Donald Trump's win in US elections is a relief for Indian pharma companies and he added Sun Pharma back to top buys while the expected US infra spending boost should improve the outlook for commodities and he added Hindalco to the model portfolio.
He also added HUL to the portfolio, taking advantage of the recent correction and on the expectations of a good harvest driving demand improvement.
Market Check
Equity benchmarks continued to rally in morning trade with the Sensex surging 350 points, driven by banks, infra, metals and pharma stocks. Short covering and global cues drove the market higher.
The 30-share BSE Sensex was up 349.62 points or 1.28 percent at 27602.15 and the 50-share NSE Nifty gained 116.50 points or 1.38 percent at 8548.50 while the broader markets outperformed.
The BSE Midcap and Smallcap indices rallied 2 percent each on strong breadth. About 8 shares advanced for every share declining on the exchange.
Nifty Realty index surged 4.5 percent after losing more than 10 percent on black money crackdown. PSU Bank index gained further, up 5 percent while Metal surged 5.5 percent.
If you want to more information regarding the Free Stock Cash Tips, Free Stock Cash Tips, Free Stock Future Tips  call @ 1800-315-7801 fill form http://www.tradtips.com
 

1 comment:

  1. Rudra investment Expert Give The Best Free Profitable Stock Tips it's a Trusted advisary firm and one of The Best company of Stock market and provides Best Financial services entire of Range.

    ReplyDelete