Analysis on Indian Stock Market Trading Tips

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The market is still dragging with weakness in banks, capital goods, IT and metals. The Sensex is down 232.77 points or 0.9 percent at 25557.45, and the Nifty down 67.50 points or 0.8 percent at 7832.90. About 670 shares have advanced, 994 shares declined, and 96 shares are unchanged. Adani Ports, Tata Motors and Asian Paints are top gainers while Dr Reddy's Labs, Bharti Airtel, HUL, ICICI Bank and Tata Steel are losers in the Sensex.

Selling momentum has picked up in banking and metal stocks, leading to sharp decline in Sensex and Nifty. The Sensex fell as much as 275 points, while the Nifty is trading below 7,850. Nifty Bank is down nearly 1 per cent, led by selling in ICICI Bank shares, which are trading 2 per cent lower. SBI is down over 1 per cent. Index-heavyweight Infosys is also trading 1 per cent lower.

ICICI sheds 10%+ in a week as investors seek safer bank stocks

ICICI Bank   shares have plummeted over 10 percent in just a week since it reported a steep 76 percent dip in fourth quarter profit, due to exceptional provisioning of Rs 3,600 crore. However, even as most broking houses have downgraded earnings estimate for the bank, they continue to hold a positive view on the stock over the long term. They concede though that shares could stay pressured in the near future due to negatives such as pre-provision operating performance (PPOP) weakness, expected high provisions on account of potential slippages, higher credit costs and lower fee income. 

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Indian Share Market Services for Traders

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The S&P BSE Sensex pared gains after rallying over 100 points in morning trade on Wednesday led by gains in HDFC, ITC, HDFC Bank, L&T, and Tata Steel.The Nifty50 was trading comfortably above its crucial level of 7,900 supported by gains in power, oil & gas, metal, consumer durable, capital goods, and banking stocks. 

India's stock, debt, and currency markets will be closed on Tuesday for a domestic holiday. Trading will resume on Wednesday.The broader NSE index rose 0.82 percent to end at 7,914.70, while the benchmark BSE index gained 0.74 percent to close at 25,816.36 on Monday.

Infosys Q4 net up 3.8%, FY17 $ revenue growth seen at 11.8-13.

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IT software major Infosys' fourth quarter profit and operating profit margin beat analysts' expectations on Friday but revenue matched estimates. Profit grew by 3.8 percent to Rs 3,597 crore in January-March quarter compared to Rs 3,465 crore in preceding quarter. Revenue increased 4.1 percent sequentially to 16,550 crore from Rs 13,411 crore in same period.  The company says dollar revenue in Q4 rose 1.6 percent to USD 2,446 million and 1.9 percent in constant currency compared to preceding quarter.