Brexit Impact On Domestic Markets

Brexit, Britain's exit from European union influenced the whole world causing a lot of volatility. Brexit took away around Rs 4 Lakh Crore from Indian markets. Maximum loss is afforded by the Tata group as Tata group have significant exposure to the UK and European markets. Top group companies — Tata Motors, Tata Steel, Tata Elxsi, Tata Global Beverage and TCS which together are 83% of total market capitalisation of the Tata Group companies. Market capitalization of the Tata group companies had a sharp drop of Rs 29898 crore. Traders lost around Rs 13243 Crore on a single day.

Sensex deviated from the positive graph straight back to the 1000 points negative graph. However it managed to get back 400 points and closed at 26397 and Nifty dropped 181 points to 8088 points. All the Indian sectors traded highly negative touching the grounds. In Asian markets, Nikkei being the highest loser dropped 1286 points to 14952. All other indexes in the Asian markets traded down to negative. In Bullion market, Gold prices topped 26 months prices yesterday. Prices increased Rs 1487 to Rs 31,401 per ten grams. Silver prices paced up too with increase of Rs 1202 to Rs 42,392 per kg. Crude oil prices dropped Rs 89 to 3266 while Natural Gas prices remained all the more same at Rs 181.

Sudden Drop in Idea Stocks, Stock Market Latest Updates

On the last session of this week market showed its higher side after two days. Sensex likely to touch 27000, currently 75 points up to 26,921. Nifty is 24 points up touching the level of 8242. Rupee advances 9 paise to Rs 67.20 against US Dollar. Asian markets are trading mixed this morning. Nikkei is trading 35 points up to 16,598. China's Shanghai Composite fell down 0.70 to 2,924. All the sectors are trading positive. Consumer Durable sector is down with 60 points to 11586 points. Gold dropped down Rs 23 to Rs 28,840 per ten grams while Silver is up on Rs 38,530. Crude oil surged Rs 8 to Rs 3,311.

In between the stocks of Telecom company Idea stocks fell down rapidly. The stocks drifted down more than 9 percent to Rs 107. However experts are suggesting investment in them in view of the long-term profits. A report on Thursday says that private equity firm Providence Equity Partner was looking to sell almost half of the stakes to the telecom operator amounting to Rs 14 crore.

A report in leading newspaper had on Thursday suggested that private equity firm Providence Equity Partners was looking to sell almost half of its stake in the telecom operator amounting to $209 million or about Rs 1,400 crore.

Read more at:
http://economictimes.indiatimes.com/articleshow/52565646.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

According to the experts, todays best intraday stocks to buy can be Zee Entertainment, Tata Steel, Indsind Bank and Dabur ltd.

A report in leading newspaper had on Thursday suggested that private equity firm Providence Equity Partners was looking to sell almost half of its stake in the telecom operator amounting to $209 million or about Rs 1,400 crore.

Read more at:
http://economictimes.indiatimes.com/articleshow/52565646.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Weekly Stock Market Report and Next Week Analysis

Stocks were higher in the mid week but dropped down at the end. In the final hour Sensex dropped 98 points to 25301 and Nifty slided 33 points to 7749. Large losses were seen in realty and healthcare Stocks. Asian Markets finished higher with Hong Kong as a leading region. Hang Seng is up by 0.80% while China's Shanghai Composite is up by 0.66% and Japan's Nikkei is up by 0.54%. European market too were higher this week. Indian currency Rupee was trading at 67.44 against the US$ at the closing of the market. All the sectors traded red except S&P FMCG stocks which was up by 14.65. On the last day of week Gold drift down by 106 rupees to 29,691 rupees while Silver, Natural Gas and Crude Oil ended positive by 0.03%, 0.29% and 0.06% respectively. According to the experts prices of gold will be increasing. China is the first country making the highest investment in Gold. Agriculture minister is thinking of having the solution for getting out from the increased prices of pulses and other commodities. This week SEBI imposed a rule on Pnotes of making the KYC compulsory for the investors investing in PNotes. IDBI Bank looses 1736 crore rupees in its fourth quarter.


According to the market analysts, in the coming week the financial markets will be focusing firmly upon whether the US dollar will gain more or will hover around. The other data will be dependent on it.

Boom in Asian Market, Indian Market Stable

On the first day of fresh new week, market opened with the green signal. Sensex is marginally down by 28 points at 25461 and Nifty is hovering around 7800. There is mixed and match outcome of different sectors in India. The biggest loser is S&P BSE BANKEX sector. Today rupee was weak by 13 paise and opened at 66.90 against dollar. A high speed is seen in Asian markets. Benchmark index of Japan Nikkie jumped 200 points and the market of Hong Kong strengthened by 250 points. The top gainer in both NSE and BSE is Dr. Reddys Lab. The top loser in NSE is Bank of Baroda and in that of BSE is SBI. Todays Gold prices are 30,064 and Silver’s price is  41,393. There was a uplift of 34 rupees in crude oil prices at 3,131.