Avik Research Solutions

04/04/2016

Sensex rallies over 100 points; Nifty50 trades around 7,750; Geometric gains 15%

The Nifty50 reclaimed its crucial resistance level of 7750 supported by gains in IT, realty, power, banks, auto, and telecom stocks.

The broader market traded in line with benchmarks with the BSE midcap and smallcap indices rising 0.37 and 0.48 per cent, respectively.

01/04/2016

Sensex slips nearly 100 points, Nifty tests 7,700 on weak Asian cues

The Nifty50 was trading above its crucial level of 7,700 supported by gains in power, consumer durable, IT, and realty stocks

Nifty50 futures on the Singapore Stock Exchange were trading 41.50 points lower at 7,746, indicating a gap-down opening for the domestic market.

28/03/2016

Nifty struggles below 7700, Sensex weak; crude oil prices dip 1%

FMCG, oil and banking & financials stocks continued to see profit booking while metals, telecom, infra and select auto stocks gained.

FMCG, oil and banking & financials stocks continued to see profit booking while metals, telecom, infra and select auto stocks gained...

17/03/2016

Sensex rallies over 200 points post US Fed meet; Nifty50 reclaims 7,550

The Nifty50 reclaimed its crucial psychological level of 7,550 supported by gains in realty, power, oil & gas, metal, consumer durable, and banking stocks.

The Sensex has closed higher by 131 points on Wednesday while the 50-share Nifty50 ended at 7,498.

23/02/2016

NSE exchange to add 4 companies, drop Cairn India, Vedanta, PNB from index

Cairn IndiaBSE 0.00 %, Punjab National Bank and Vedanta will be dropped from the National Stock Exchange's Nifty 50 index with effect from April 1.

In their place, Aurobindo Pharma, Bharti Infratel, Eicher Motors and Tata MotorsBSE -0.72 % Ltd (DVR) will be included in the index.

19/02/2016

Nifty50 above 7,200; BHEL slumps 4%

The Nifty50 was trading above its crucial level of 7,200, supported by gains in banking, auto, pharma and metal stocks.

Shares of SpiceJet and Jet Airways climbed over 4 and 3 per cent , respectively. Meanwhile, BHEL slumped over 4 per cent in early morning trade.

18/02/2016

Nifty reclaims 7200: Hindalco, ICICI lead.

Hindalco Industries, Dr Reddy's Labs, Tata Motors, ICICI Bank, ONGC, Bank of Baroda, Vedanta and Cairn India rallied 2-5 percent while Bharti Airtel and Idea Cellular were in red.

17/02/2016

"All eyes are on the Union Budget for FY17 as the government is continuing with its efforts to accelerate economic growth all alone with no support from the private sector," brokerage Prabhudas Lilladher said in a report.

Be that as it may, it would be a challenge to pick pre-budget stock bets in the market. Here is list of 10 stocks recommended by two brokerage firms to buy ahead of the Union Budget 2016 with an investment horizon of at least 12 months.

17/02/2016

Recent market moves can be called a 'brutal correction' and it is in a more deep correction phase rather than a bear market, says

'Ridham Desai', head of India equity research and India equity strategist, Morgan Stanley.

17/02/2016

The market has once again open in red. Nifty slips 15.85 points or 0.2 percent at 7032.40. About 280 shares have advanced, 348 shares declined, and 46 shares are unchanged.

Dr Reddy's Labs, Sun Pharma, GAIL, NTPC and Infosys are top gainers while SBI, BHEL, Hindalco, Bharti Airtel and Tata Steel are losers.

16/02/2016

The current rally has all the symptoms of a bear rally, and while the general trend is downward, there will be periodic sessions of strong pullbacks.

Nifty is likely to face resistance at 7250, but at the same time the rally may not last beyond 7550.

15/02/2016

The market today closed on a positive note with Nifty ending 2.6 percent up at 7,162 level.

Today’s rally was not based on fundamentals and is expected to continue in the near term. Till the Budget on February 29, the market could go up to 7400-7500 level on back on short, slow rallies.

Post the Budget, market will start a new movement depending on news.