Tata Motors Profits Tripled, Fluctuations in Sensex and Nifty Report by Money Maker Research

Today market is in a mode of gradual increase and decrease. Sensex and Nifty are showing their fluctuations. Sensex dropped 78 points and reached to 26658 points while Nifty fell down to 8159 points. In Asian market, Nikkei is leading with 17210 points. Almost all the sectors are trading negative. Gold is currently trading on 28,162 per 10 grams and Silver is trading on 38,732 per kg.Indian currency Rupee opened at 67.15 against dollar. On Monday, in comparison with dollar it closed on 67.16. Rupee strengthened with 1 paise. This is seen due to devaluation in currency of China, Yuan by China.

India's biggest auto company, TATA Motors get profited by 3 times in its fourth quarter. In terms of number it get profited to about Rs 5177 crore while in the same quarter last year it could profit out only Rs 1716 crore. Profit at its British unit Jaguar Land Rover (JLR) which has been a profit machine for it soared 56.3% to 472 million pounds. At a standalone level, company posted a net profit of Rs. 464.99 crore. But the firm also included an adjustment made against a potential recall of Jaguar XF models in the US. JLR played an important role in enhancing the growth of Tata Motors. Sales of JLR highly increased in the month of March.

26th May Stock And Commodity Market Updates By Money Maker Research

Stock Market

Alike yesterday, today also market did a great beginning by acquiring strong signals from American and Asian Market. Major index of BSE Sensex jumped more than 300 points and reached 26,242 points while the major index of NSE Nifty jumped 80 points to 8,029 and still the up-down is going on. In today's business stock of L & t went up by 11%.

In stocks of Midcap and smallcap good buying is seen. Midcap index of BSE strengthened by 0.1% and reached to 11091. And smallcap index of BSE increased by 0.2%  and touched the level of 10976. Only BSE Healthcare and BSE Metals sector are trading red while all other sectors are trading in green. According to the experts and market analysts profitable shares for today can be Indsind Bank, Pidilite Industry, HDFC Bank and Asian Paints.

Commodity Market

Prices of crude oil crossed 50 dollars in the global market while in domestic market crude with a increase of 1.2% is trading on Rs 3,370. The reason behind this is loss of 42 barrel crude oil deposit in America and same is followed in Nigeria and Canada. Prices of gold and silver drifted up too. Gold increased 0.5% and reached the level of Rs 29,130 while with a increase of 0.75% Silver is trading on Rs 39,580. Having a sight on base metals aluminum is on Rs 104, Copper is on Rs 316  and lead is trading on Rs 110. In Agri Commodities cumin seeds (Jeera) has reached Rs 16055 in its June agreement.

Slight Drop in Crude oil, Gold and Silver Prices

On first day of a new week, different phases of market was seen. Crude oil prices dropped today. Signals of strengthen Dollar and increase in supply of crude made the prices of crude to fall down. A slight increased prices were seen in Gold in correspondence with last week prices. However Silver is down today also.

Drop in crude is seen after steady dollar and getting to supply record level of 5 years of crude. In international market, Brent Crude dropped 14 cents and is trading on 48.58 dollar per barrel. MCX crude oil dropped 0.85% and is trading on Rs 3,254 per barrel. On the other hand, prices of gold uplifted slightly however prices are below the level of last 3 weeks prices. Federal Reserve likely to increase rates in June as a result of which Gold prices recovered. In international market price of gold is 1,252 dollar per barrel while in MCX it is trading on 29,677 per 10 grams. Silver prices dropped 300 Rs and currently trading on 39,533 per Kg. According to the experts, prices of these commodities can increase in coming future.

Stock Commodity Updates Today

Repeatedly today market's status was changing. Today market opened positive but closed with red signal. Sensex dropped down 97 points and ended up at 25301 points thereafter Nifty dropped 33 points and closed down at 7749 points. All the sectors except S&P BSE FMCG traded negative. In Asian Market, Hang Seng and Nikkei were top gainers. Top gainers of NSE were Adani Ports, ITC, Idea Cellular, Tata Power, ONGC and that of BSE were Adani Ports, ITC, ONGC, NTPC, Bajaj Auto. Top losers of NSE were Lupin, ICICI Bank, BPCL, Ambuja Cements, Bharti Infratel and that of BSE were Lupin, ICICI Bank, Reliance, Cipla, Tata Steel. Status of Commodity Market today is as follows- Gold - 29795 Rs, Silver- 39929 Rs, Natural Gas-137 Rs, Crude Oil-3289 Rs.

Rising Crude Prices-Commodity Market Overview

Crude oil prices are continuing steping-up. In domestic market crude oil is trading on 3240 while in global market its prices are near to 49 dollar per barrel. Increasing price of crude oil may bring a problematic situation in India. A major reason behind this rising of prices is the blast in oil pipeline by terrorist in Nigeria. Another reason can be the decrease in manufacturing of crude in America, Canada and China. A bit drop in prices of gold is seen. Price of gold has dropped below 1275 dollar while silver is at 17 dollar. In domestic market, prices of gold has reached to 30,016 and silver is trading on 41,025. In base metal section, Aluminium dropped 0.15 percent to 100 Rupees while Copper is trading on 310 rupees. There is a 0.17 percent uplift in Lead. In Agri-Commodities, the July agreement of Sugar increased 0.2 percent to 3564 rupees.

Market at its Height

Today market did a great opening. Sensex jumped over 150 points and reached 25817 and nifty is above 7900 points. Graph of all the indexes are continue fluctuating. All the sectors except S&P BSE FMCG are going up. Top gainers of NSE are ONGC,Axis Bank, HDFC, Ultratech cement, and HCL Tech and that of BSE are ONGC, HDFC, Axis Bank, Fail and Asian Paints. Top losers of NSE are NTPC, Eicher Motors, HUL, TATA Mahindra and Kotak and in that of BSE are NTPC, Adani Ports, HUL, HDFC Bank and Tata Motors. Moving an eye towards Commodity Market, prices of Gold fell down by Rs 51 to Rs 29926 while there was a little drift up in the prices of Silver to Rs 40990. Increment of Rs 13 is seen in Crude Oil which reached up to Rs 3192. Today Rupee opened at 66.73. Petrol and Diesel prices increased by 83 paise and 1.26 Rs respectively.

Weekly Stock Recommendation by Money Maker Research

WEEKLY STOCK RECOMMENDATION :

• BUY PFC FUTURE ABOVE 176.5 TARGETS 179 , 181.5 , 184 STOPLOSS 171.5   
• BUY STAR FUTURE ABOVE 1200 TARGETS 1207.5 , 1215 , 1222.5 STOPLOSS 1185 
• SELL RELINFRA FUTURE BELOW 513 TARGETS 510 , 507 , 504 STOPLOSS 519 
• SELL HINDALCO FUTURE BELOW 89.25 TARGETS 87 , 84.75 , 82.5 STOPLOSS 93.75        
  

Market Closing Update

At the end of this week session, Sensex was down by 300 points and ended at 25489 and Nifty too was down by 85 points and closed up on 7814 points. Indian currency Rupee traded on 66.78.All the sectors of Indian Stock Market were down today. Top NSE gainers were Asian Paints, Idea Cellular, HCL Tech, Bharti Infratel, Tata Motors and those of BSE were Asian Paints, TATA Motors, ITC. Top losers of NSE were Hindalco, Eicher, Adani Ports, Kotak Mahindra, HDFC and in BSE top losers were Adani Ports, HUL, BHEL, HDFC, TATA Steel. In Asian market Nikkei and Hang Seng were top losers.