D-Street Buzz: Over 200 stocks hit 52-week low on BSE; Jet Airways plunges 20%, Zee Ent gains

The breadth of the market favoured the declines as 542 stocks advanced and 1203 declined while 351 remained unchanged on the NSE. On the BSE, 822 stocks advanced, 1575 declined and 134 remained unchanged.

The Indian stock market has regained some lost ground with Nifty still trading in the red, down 12 points and is trading at 11,893 while the Sensex shed 51 points and is trading at 39,705 level.

Nifty Realty added over half a percent led by Indiabulls Real Estate, Godrej Properties, DLF and Prestige Estates.

The top gainers from the media space are Zee Entertainment which jumped over 2 percent followed by Inox Leisure, TV Today, Sun TV Network and Network18.

However, Nifty PSU Bank continues to underperform all other sectors, dragged by Punjab National Bank, Union Bank of India, Central Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce.

India VIX is down 2.55 percent at 13.76 levels.

From the BSE midcap space, the top gainers are Godrej Properties, Torrent Power, Whirlpool, SAIL and Shriram Transport Finance Corporation while the top losers are DHFL, Reliance Power, Reliance Capital and Indian Bank.

The top gainers from the smallcap space are Indiabulls Ventures, Atlanta, Lakshmi Vilas Bank, Ballarpur Industries and GPT Infra while the top losers are Jet Airways, Sintex Industries and Bharat Wire.

The top gainers from the NSE include Indiabulls Housing Finance, Zee Entertainment, BPCL, Bharti Airtel and Power Grid while the top losers are YES Bank, IndusInd Bank, UPL, Vedanta and ONGC.

The most active stocks are YES Bank, Indiabulls Housing Finance, IndusInd Bank, TCS and Reliance Industries.

245 stocks have hit 52-week low on BSE including Jet Airways, TGB Banquets, YES Bank, Manpasand Beverages, Radico Khaitan, Eros Media, Reliance Communications, Mercator, Adlabs Entertainment, Reliance Capital, Ceat, Aban Offshore, Biocon, Central Bank of India and McLeod Russel among others.

The breadth of the market favoured the declines as 542 stocks advanced and 1203 declined while 351 remained unchanged on the NSE. On the BSE, 822 stocks advanced, 1575 declined and 134 remained unchanged.

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Investment in the infrastructure sector can benefit the industry,why?

Indian cement industry is the world's second largest cement industry. This industry is returning after a long gap. Domestic cement companies are returning pricing power, which have not been with the companies for some time now.

For the last financial year cement sector has been good for many reasons. For nine years, the growth of industries for the first time in double digits Apart from this, its capacity utilization also increased by 5 per cent to 71 per cent, which is the highest level of last seven years. Cement prices also increased by 2 percent.

Hope this year, the industry can roast the success of the financial year 2019 and can increase its realization by 2 to 5 percent. Industry will benefit from the government's investment in the infrastructure sector. The central government wants to construct a 6,000-kilometer road in the next five years.

Apart from this, the demand for schemes like affordable housing scheme will be strong. Analysts believe that if the government does not allow the pace of infrastructure investment to decrease, the rate of increase in cement prices can be retained.

Continuous increase in cement prices will increase the attractiveness of cement stocks. Keeping in mind the current conditions, it can be said that in the financial year 2020 this sector will perform well from the northern, mid and eastern regions. Ultratech Cement, ShreeSimment, Ramco, JK Lakshmi Cement and Orient Cement are expected to grow in this sector.

 In the past four months, cement stocks have been strengthening 35 to 40 per cent and are trading in premium valuations compared to their historical average. Due to expectations of good performance in the financial year 2020, there is little likelihood of a decrease in premium valuation.

Historical data for last 11 yrs suggests June belongs to bulls; will it be different in 2019?

Benchmark indices have rallied about 10 percent so far in 2019. They have registered most of the gains in May post Lok Sabha election results as a stable government at the Center raised hopes of continuity of reforms

Sensex and Nifty started the sixth month of the calendar year breaking records. Both benchmark indices created new record highs on the very first trading session in June—Sensex hitting 40,312.07 while Nifty climbing to 12,103.05 intraday on June 3.

Historically, bulls have controlled the D-Street in the last six out of eleven years, data from AceEquity showed.

Of those six instances, Sensex jumped 9 percent in June 2011, 6 percent in June 2009 and nearly 3 percent in June 2013—three of the biggest gains in June.

On the other hand, bears have dominated the market on five instances in June. Four of those instances are—2008 (Sensex down 2 percent), 2012 (Sensex down 1.09 percent) and 2016 and 2017 (Sensex down 0.7 percent each).

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Experts Ideas:Today's top intraday trading ideas for afternoon trade

According to experts, Today's top intraday trading ideas for afternoon trade.

Now here are advised to invest in equity, equity benchmark Sensex and Nifty were doing less business in the early line's Bluechip counters in Tuesday's session.

He prepared a list of business ideas from various experts and what he has recommended for today's business:

According to Manas Jaiswal, OBC is a 'buy' call with a target of Rs 115 and a stop loss of Rs 100.

Company summary                                NSE|BSE

 Apollo Tyres                                         5.00 (2.55%)

DLF Ltd.                                                1.15 (0.59%)

 Apollo Tyres:
Apollo TiresNSE is a 'buy' call with a target price of 2.42% 215 and a stop loss of Rs 196.

Kunal Botha independent market expert
Apollo Tires is a 'buy' call with a target price of Rs 215 and a stop loss of Rs 192.


DLF Limited:
DLFNSE 0.48% is a 'buy' call whose target is 220 rupees and the stop loss of Rs 190. DLF Ltd.5.00 (2.55%) 1.15 (0.59%) NSApollo Tyres

Learn, which stock you should buy and sell today

Due to the Singapore Stock Exchange and mixed Asian signs, the Nifty futures are likely to open lower on the domestic equity market on Tuesday.

The SGX Nifty closed 39.50 points or 0.33 percent down at 12,078.50 in morning at 8:32.

 According to Manas Jaiswal,
TitanNSE -0.94% is a 'buy' call with a target of Rs 1365 and a stop loss of Rs 1215.

Bata IndiaNSE 0.63% is a 'buy' call whose target is Rs. 1410 and stop loss of Rs. 1335.

Indiabulls Housing is a 'buy' call with a target value of Rs 850 and a stop loss of Rs 790.

Dabur has a 'buy' call with a target value of Rs 420 and a stop loss of Rs 400.

According to Mani Chopra of Indiabulls Ventures,
Hero MotoCorp is a 'buy' call with a target value of Rs 2,950 and a stop loss of Rs 2800.

India has a 'buy' call with a target price of Rs 1085 and a stop loss of Rs 1025.

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Rupee against Dollar: The beginning of Stock market with fast, Rupee climbed by 31 paise

The rupee was trading 31 paise to 69.39 against the US dollar in early trade on Monday due to slump in crude oil prices and strengthening of domestic equity markets.

Foreign currency dealers said, the rupee was strengthened before the meeting of Reserve Bank of India monetary policy. The meeting of Monetary Policy Committee (MPC) is commencing from today. This meeting will last till June 6. This committee decides on interest rates.

In the Interbank Forex market, the rupee opened strong today at 69.48 and after that it gained further and due to positive gains in the domestic market, it reached level at 69.39. The rupee closed at 69.70 against the dollar on Friday.

Foreign currency dealers said, before the Reserve Bank of India monetary policy meeting, on Monday, the yield of 10-year government bonds came down to 6.95 percent. It was 7.03 percent on Friday. Forex traders said that foreign currency flows also supported domestic currency. On the other hand, according to temporary data, foreign institutional investors (FIIs) remained net buyers in the capital markets. On Friday, he made a purchase of Rs 676.15 crore on pure basis.

Global oil benchmark Brent crude futures fell 1.13 percent to $ 61.29 a barrel. The benchmark BSE Sensex was trading 187.60 points or 0.47 per cent higher at 39,901.80, while NSE was trading 40.30 points or 0.34 per cent higher at 11,963.10.

Market update,The Sensex rose by 164.33 points, Nifty back climbed 12,000

Major Asian markets decline after 0.5-1 percent after fresh business concerns between the US and Mexico.

Steak Sale in DHFL

Fresh sources have shown that AION Capital is in the field to buy a majority stake in DHFL and can sign the term sheet soon and sources said that Lone Star, Piramal Enterprises and Oak Tree are also interacting with DHFL. .

Aion Capital is a joint venture between Apollo Global and ICICI Ventures. The total AUM size of DHFL is about Rs 1.26 lakh crore

PSU banks are doing less business today. The Nifty PSU bank index fell by 0.79 percent, the Oriental Bank, BOB and J & K Bank.

IHS Markit said that the economic growth in the manufacturing industry has increased a notch in May because the companies responded to strengthening the demand situation by increasing the quantity of production, procurement and employment.

Business perception is also high. Prices have remained relatively low in pressure, due to which the merchandisers have stopped selling unchanged prices following a slight increase in the total cost burden.

In May, 52.7 (against 51.8 in April), Nikkei India Manufacturing Purchasing Managers Index pointed to the strongest improvement in the health of sector for three months. Apart from this, the existing development order had increased by 22 months, it said.

The fall in oil prices and benchmark indices in the US bond yield have been strong.

The Sensex rose by 164.33 points to 39,878.53 and the Nifty surpassed 44.60 points to 11,967.40, but the markets were in favor of the bull brothers.

933 shares fell on the BSE compared to 826 advances.

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