Your place to Learn and Earn
Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation of any particular person. Stock quotes are believed to be accurate and correctly dated, but does not warrant or guarantee their accuracy or date. takes no responsibility for any investment decisions based on recommendations provided on website.
Financial contents like Technical charts, historical charts and quotes are taken from NSE and Yahoo sites.
Note - All quotes are delayed by 15 minutes and unless specified.

Google Adsense Ads are posted on every page of the website so visitors clicking on Ads and going to those links and carrying any financial deal is not at all related to and any financial deal should be done on their own sole responsibility.
Please read our before using any material or advice given at

Updated on 19 Feb 2017
PNB and PSU banks, F&O expiry and Global events will decide market direction this week
Top 10 Weekly Gainers and Losers - here
Top 10 Monthly Gainers and Losers-
Latest posts
more coming soon...
PNB and PSU banks, F&O expiry and Global events will decide market direction this week

Weekly Stock market updates

On Friday, the S&P BSE Sensex shed 287 points to close at 34,011 while the Nifty50 index of the National Stock Exchange (NSE) lost nearly 100 points to settle at 10,452. On a weekly basis (Feb 9-Feb 16), the indices remained almost unchanged, with the Sensex gaining merely 5 points and the Nifty losing 3 points.

The market has corrected 5 percent from the recent all-time high (Jan 2018) and currently markets are trying to find support but going forward the support is depended on lot of factors like widening of trade deficit, rise in bond yields and global events. On the other hand PSU banks will continue to be under pressure in short term on concerns of scam of PNB. 
PNB scam and banking stocks
Punjab National Bank, India's second largest state-run lender, shocked the nation on Wednesday when it announced it had discovered fraudulent transactions worth Rs 11,400 crore in one of its Mumbai branches.

Reacting to the news, the stock took a heavy beating and continued to bleed for three straight sessions. During the week, it tanked almost 20 per cent. Other state-run lenders also felt the heat and headed south.

On Friday, the Nifty PSU Bank index slipped 2.49 per cent to settle at 3,189.05, with 11 out of 12 constituents ending in the red. Banks could take a hit of at least $2.7 billion from loans and corporate guarantees provided to Punjab National Bank in a $1.77 billion fraud case, Reuters reported on Saturday quoting the I-T department.

Aster DM all set to debut
Shares of private healthcare service provider Aster DM Healthcare are likely to make debut on bourses next week. The initial public offer (IPO) of the company, which got concluded last week, was oversubscribed 1.31 times. The company had fixed a price band of Rs 180 to Rs 190 for the issue.

Aster DM Healthcare is one of the largest private healthcare service providers which operate in multiple GCC (Gulf Cooperation Council) states and in India.

USA Fed minutes
The minutes of Federal Reserve's last monetary policy review will be released on February 21, 2017 (Wednesday).

The US central bank left the benchmark interest rate unchanged in its first policy meeting of 2018. In the last meeting of Fed Chair Janet Yellen’s tenure, the policy-setting Federal Open Market Committee (FOMC) said while price measures have remained below the central bank’s two per cent target, “inflation on a 12-month basis is expected to move up this year.” As predicted, US consumer prices rose more than expected in January. The Consumer Price Index increased 0.5 per cent last month. It had risen 0.2 per cent in December
Technical levels
Technically, it seems Nifty is expected to take support at 10200. Let's see how it goes in coming week or coming month.