Indian markets witnessed profit booking as both Sensex and Nifty climbed fresh record highs in the morning trade before diving. The S&P BSE Sensex hit a fresh record high of 39,487.45 while the Nifty50 rose to a life high of 11,856.15 in the early trade. The final tally on D-Street – the S&P BSE Sensex dropped 135 points to 39,140 while the Nifty50 closed 34 points lower at 11,752.80. Weak manufacturing surveys from Asia and Europe stoked fears of a slowdown in global growth, adding to profit taking ahead of the long Easter weekend putting breaks on the rally in Asian markets. Indian markets will also remain shut on Friday, April 19 on account of Good Friday. The profit booking was led by a decline in financials after Jet Airways suspended operations temporarily due to lack of funding after lenders refused to infuse Rs 400 crore in interim funding. The airline owes about Rs 9,000 crore to its lenders. Nifty Bank also hit a record high of 30,669.80 but then witnessed profit taking towards the close of the trade. The fall in the index was led by losses in Yes Bank, Bank of Baroda, PNB, IndusInd Bank, SBI and Federal Bank. Analysts call it a routine profit taking and the bullish trend still remains intact on the upside. One thing that investors should avoid doing is going short on the market or trading with heavy leverage. The best strategy is to stay with the trend, suggest experts. “Overall
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⚏Today\'s Market
- An evening walk down Dalal Street: Traders should not worry; bullish trend still intact
- An evening walk down Dalal Street: Nifty, Sensex hit record highs; avoid profit-booking
- An evening walk down D-St: After mixed Infosys TCS Q4, all eyes on Wipro results
- Evening walk down D-Street: Election result eyed; Sensex, Nifty close flat for the week
- An evening walk down D-St: It was a boring Thursday; auto pharma look attractive
⚏India
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- Technical Classroom: Actionable trading plan for measuring gaps and island reversal
- #39;Deploy low risk Call Butterfly Spread strategy on Nifty in truncated week#39;
⚏Economy
⚏Stocks
- Adani Enterprises arm acquires Alpha Design Technologies
- No 5-day a week in commercial banks: RBI
- This week in Auto: Hyundai unveils new SUV, Bajaj launches Qute
- India#39;s growth trajectory holds immense potential for global stakeholders: Ashish Sinha
- MF wrap: Will FMP fiasco shift investors to safe haven FDs?
⚏Commodities & Bullion
- Imports of rough diamonds up by 11.11% to $15.5-bn in Apr-Jan period: GJEPC
- Finished steel exports dip 30% in Jan, imports decline 44%: JPC report
- Gold price hits a 15-month high since demonetisation in November 2016
- Crude oil consumption of Indian refineries to grow at 4.5% CAGR: Report
- India shifts export focus to processed fruits, vegetables for better gains
⚏Currencies
- Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears
- US-China Trade War: Intellectual Property at Heart of Dispute
- Crude Oil Price Forecast: 50% Off the Lows – Can Bulls Continue Rally?
- Top 5 Events: Q1’19 Australia Inflation Report & AUDUSD Price Forecast
- AUD/USD and EUR/AUD May Be at Turning Points, Facing Trend Lines
⚏Market Outlook
- Majestic Auto Consolidated March 2019 Net Sales at Rs 51.12 crore, up 246.82% Y-o-Y
- HDFC Bank Q4 preview: Brokerages expect healthy profit, NII growth
- Nifty may trade in 11,600-12,000 range for next 3-4 weeks: Axis Securities
- Debt levels have escalated globally: Manish Chokhani
- Shriram Transport Finance Q4 PAT seen up 81.9% YoY to Rs. 626.8 cr: Motilal Oswal
- Apollo Hospitals Q4 PAT seen up 45.7% YoY to Rs. 52 cr: Kotak
⚏Results
No posts were found
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- Wall Street slips, weighed down by healthcare plunge
- Asian shares edge up to nine-month high, European, Japan PMIs awaited
- Shinzo Abe, Japan’s prime minister, is determined to raise sales taxes
- China’s growth is set to perk up after a decade low
⚏United States
- Weekend Sip: This Passover, it’s time to think pink (as in wine)
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⚏Europe
- European Equities: Will the PMI Numbers Deliver another Boost?
- StockBeat – Gloomy PMIs Overshadow Strong Nestle, Unilever Results
- European markets trade lower as investors remain concerned over weak growth
- Glory Days Are Over for European Stocks in 2019, Strategists Say
- Investors are moving into low-risk sectors rather than cash as economy slows: Strategist
