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US indices bounce back with Dow Jones having best rally in over 3 weeks as Oil trades over US $ 48. Bond yields rise as US March confidence data jumps sharply.

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Indian Indices: Asian indices are set for another good day after Dow Jones clocked a 150 point rally overnight. The indices were in oversold zone and a bounce was on the cards, which got the necessary fillip from the US confidence data, which showed the highest reading since 2000.


Nifty saw strong foreign buying, the best in the last 6 months that lifted the index to 9100. With expiry of derivative contracts tomorrow expect bulls to strive higher in the opening session as short covering sees Nifty test 9150. For today expect buying in Metals, Banks and Infra to continue even as Pharma and IT will witness profit booking.  


The BSE Sensex is currently trading at 29474.05, up by 64.53 points or 0.22% after trading in a range of 29439.42 and 29494.44. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.15%, while Small cap index was up by 0.40%.

The CNX Nifty is currently trading at 9119.60, up by 18.80 points or 0.21% after trading in a range of 9109.10 and 9134.05. There were 33 stocks advancing against 18 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Dishman

306.00

9.99

Cox&Kings

220.60

5.60

SCI

72.90

5.27

CentralBk

103.20

4.77

Group ATopLosers

 

 

Hindzinc

291.50

-2.35

Sadhav

300.00

-2.26

KEC

189.30

-2.25

Fincables

504.00

-1.44

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29326

29525

Nifty

9090

9130

 

Technical view: Nifty will find strong support around 9080, which was yesterday's low and face resistance around 9170 on the upside. Bank Nifty finds support around 21145, which was yesterday's low and faces resistance @ 21350, which was the swing top of last week.


 

Zee Entertainment (Buy above 531, for Target of 550, Stop Loss at 521.5): The stock has witnessed a swift move and has smoothly broken out from a Symmetrical Triangle pattern indicating a typical continuation of its previous uptrend. The price outburst has also been accompanied with smart volume uptick. Other momentum oscillators also indicate strength in the current up move.


Derivative Snippets: In the last trading session, markets ended the trading session on a positive note, as PSU banks continued to surge higher. Long Build up was seen in Bank Nifty future along with the short covering of ITM/ATM call options, indicating of a continuation of this rally up to the resistance zone of 21500 levels.

FIIs were net buyers in cash market segment to the tune of Rs 6415 crore.

FII’s index future long/short ratio at 2.7x vs3.2x, with a significant creation of fresh long and shorts positions to the tune of ~34k and ~12K contracts.

Nifty Movers: The top gainers on Nifty were BhartiInfratel up by 3.44%, Tata Power up by 2.14%, Asian Paints up by 1.51%, SBI up by 1.24% and Larsen & Toubro up by 1.21%.
On the flip side, Adani Ports & Special Economic Zone down by 1.06%, AurobindoPharma down by 0.62%, Kotak Mahindra Bank down by 0.58%, Mahindra & Mahindra down by 0.57% and Reliance Industries down by 0.49% were the top losers.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Telecom up by 1.08%, Capital Goods up by 0.73%, Industrials up by 0.47%, Consumer Durables up by 0.47% and Basic Materials up by 0.42%, while Oil & Gas down by 0.29%, Energy down by 0.22% and Healthcare down by 0.04% were the few losers on BSE.

 

 

 

 

On the global front: On the global front, Asian shares were trading mostly in green, taking a cue from Wall Street overnight. Bank of Japan board member Takehiro Sato said labor market reform and other measures to boost Japan’s growth potential must accompany monetary easing to raise the country’s low long-term inflation expectations. Japanese retail sales were effectively flat in February as consumers cut back on food and durable goods after employers offered the lowest spring wage increases in four years.

 

Global Signals:The Asian markets were trading mostly in green; KOSPI Index increased 2.85 points or 0.13% to 2,166.16, Shanghai Composite increased 4.6 points or 0.14% to 3,257.55, Nikkei 225 increased 8.51 points or 0.04% to 19,211.38, Hang Seng increased 34.51 points or 0.14% to 24,380.38 and Jakarta Composite increased 41.32 points or 0.75% to 5,582.52.

On the other hand, Taiwan Weighted decreased 32.22 points or 0.33% to 9,844.23 and FTSE Bursa Malaysia KLCI decreased 3.79 points or 0.22% to 1,750.63.

 

Investor brefing Hindustan unilever ltd.-Research report-Sharetipsinfo

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Text Box: Company Overview:

 

Hindustan Unilever Limited is engaged in fast-moving consumer goods business comprising home and personal care, foods and refreshments. The Company's segments are Soaps and Detergents, which includes soaps, detergent bars, detergent powders, detergent liquids and scourers; Personal Products, which includes products in categories of oral care, skin care (excluding soaps), hair care, deodorants, talcum powder, color cosmetics and salon services; Beverages, which includes tea and coffee; Packaged Foods, which includes branded staples (atta, salt and bread), culinary products (tomato-based products, fruit-based products and soups) and frozen desserts, and Others that includes exports, chemicals, water business and infant care products. The Others segment also includes export sale of marine and leather products. Its brands include Lux, Surf excel, Rin, Wheel, Fair & Lovely, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall's and Pureit.

 

Business Growth :

 

Input inflation to improve the sales growth;

HUL is seeing gradual recovery in demand with wholesale channel is yet to normalize. However, the company is expecting improvement in growth driven by revival in rural demand. GST will not have any impact on volumes as inventory levels already low

* Company continues to focus on new products/categories like Ayush (Ayurveda) & Baby products and is also investing towards market development (~25% of sales) where the penetration levels. No down-trading was witnessed in the DeMon period

* Sustained premiumisation trend across categories is encouraging with a focus on sustained improvement in margins. We believe input inflation will improve the value/volume mix which was impacted in the recent past with growth mainly driven by volumes. We retain our estimates and maintain ACCUMULATE with target of Rs 950.

 

INVESTMENT ARGUMENT:

Recovery is gradual; expects to gain momentum

HUL is seeing gradual recovery in demand with wholesale channel is yet to normalize and green shoots which were visible pre-DeMon has taken a pause. However, the company is expecting improvement in growth driven by revival in rural demand and indicated that GST will not have any impact on volumes as company has been focusing on keeping inventory levels low at the wholesale channel since last one year. Focus has been on improving the direct reach (3mn outlets) through technology (data analytics) and better assortment at the retail outlets. Revival in rural will be driven by good monsoons and increase spend on rural by the government.


Premiumisation continues; Focus on new products & innovation

No down-trading by the consumer witnessed during the DeMon period although shift towards lower unit packs (LUP) was visible across categories. Company continues to focus on new products/categories like Ayush (Ayurveda) & Baby products and is also investing towards market development (~25% of sales) where the penetration levels are significantly low like fabric conditioner, fabric liquid, liquid dish wash, body wash, green tea etc. Categories with low penetration are witnessing strong double digit growth. 

Financial Result:

 

Income Statement

Particulars

Dec-16

Sep-16

June-16

Revenue

8317.94

8480.26

8128.18

Other Income

82.44

252.83

107.59

Total Income

8400.38

8733.09

8235.77

Expenditure

-6809.45

-7057.40

-6421.52

Interest

-4.56

-4.94

-5.95

PBDT

1586.37

1670.75

1808.30

Depreciation

-100.0

-94.50

-93.29

PBT

1486.17

1576.25

1715.01

Tax

-448.24

-480.65

-541.11

Net Profit

1037.93

1095.60

1173.90

Equity

216.43

216.43

216.43

 

Highlights the fact:

 

1)HUL is seeing gradual recovery in demand with wholesale channel is yet to normalize and green shoots .

2)Company continues to focus on new products/categories like Ayush (Ayurveda) & Baby products.

3)GST will not have any impact on volumes as inventory levels already low.

4)Reduction in promotion and calibrated price hikes covers up the increase in input cost.

5) Categories with low penetration are witnessing strong double digit growth. 

 

Technically View:

The stock is currently trading above 50 days and 100 days, moving average that is all about good bullish& uptrend signal on daily base. RSI &MFI is present at 57 and 75respectivally, which is side ways& showing the uptrend formation for the short term period. The stock is currently in uptrend and now somemore upside is expecting with major support is found 870level. MACD line is greaterthen signal line 10 day Avg Volume is very high.

 

 

VALUATION & OUTLOOK:

 

Sustained premiumisation trend across categories is encouraging with a focus on sustained improvement in margins. We believe input inflation will improve the value/volume mix which was impacted in the recent past with growth mainly driven by volumes. Reduction in promotion and calibrated price hikes covers up the increase in input cost. We retain our estimates and maintain ACCUMULATE with a target price of Rs 950.

 

CONCLUSION:

 

Hindunilever accumulate with the stop loss would be below Rs 870and  would buy on any dip, it could be Rs 890. If it were to cross Rs 905, then also buy, that is going to be upward formation and the  target would be Rs 950 but the short-term target remains around Rs 950.

 

 

Sensex ends 172 pts higher, Nifty at 9100; Axis Bank up 3%

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Indian Indices: Indian equity benchmarks continued their firm trade in late afternoon session on the back of positive cues from European counterparts and healthy buying in Telecom, Banking and Metal stocks. Hopes of timely implementation of goods and services tax (GST) and sustained foreign fund inflows also boosted the domestic sentiments. 

Investors remained optimistic with the private report that manufacturing improved in March after a three month decline, while various government measures are likely to push up activity in the infrastructure sector going forward. The yearly SBI Composite Index bounced back to above 50-mark level to 50.3 after 3-months of decline. Besides, the monthly index has also improved to 53.3 in March, from 49.2 in February. Some support also came with Revenue Secretary HasmukhAdhia’s statement that GST will not only usher in a transparent tax system thereby reducing cascading of taxes, but will also result in reduction of prices for consumers and broaden the tax base in the country.

The BSE Sensex is currently closed at 29,409.52, up by 172.37 points or 0.59% after trading in a range of 29301.22 and 29442.18. There were 21 stocks advancing against 9 stocks declining on the index.The broader indices were trading in green; the BSE Mid cap index was up by 0.71%, while Small cap index was up by 0.75%.

The CNX Nifty is currently shut up at 9,100.80 up by 55.60 points or 0.61% after trading in a range of 9080.80 and 9109.75. There were 39 stocks advancing against 12 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Dishman

278.20

19.99

Srtransfin

1076.00

5.50

Fincables

511.35

4.29

JKLakshmi

451.85

3.86

Losers

 

 

JKTYRE

130.80

-3.25

Centralban

98.50

-3.76

DBCORP

368.80

-3.07

Apollotyre

203.90

-3.18

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

29,409.52

0.59

Nifty

9,100.80

0.61

Crporate Front: In a response to allegations raised in some newspapers regarding LED bulb distribution, Energy Efficiency Services Limited (EESL) a company under the administrative control of Ministry of Power has strongly refuted the claims, stating it is false, misleading and devoid of any facts. Dismissing the allegations, EESL has stated that LED bulbs are procured by the company in the most transparent and professional manner.

 

 

Macroeconomic front: The Department of Industrial Policy and Promotion (DIPP) and global think-tank OECD are jointly organising a seminar to assess India's FDI regime and find ways to further improve the ease of doing business, reported PTI. The international seminar on April 5 is also aimed at analysing the business climate of the country to further facilitate domestic as well as foreign investments.

 

On the global front:

On the global front, European markets were trading in green as financial services stocks and car-makers edged higher against a backdrop of rising oil prices. Besides, investors moved on from health-care disappointment. Asian markets were also trading in green. Back home, in scrip specific development, Bank of Baroda traded higher after the bank entered into memorandum of understanding (MOU) with Jain Irrigation Systems, with an objective to finance the Micro Irrigation systems i.e. drip and sprinkler irrigation sold by the company through the network of Bank of Baroda branches across the country.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28786.00

-0.07

Silver

42080.00

-0.1

Crude oil

3146.00

1.09

Natural Gas

201.80

-1.61

Alluminium

125.15

0.04

Copper

379.10

0.04

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Telecom up by 0.98%, Metal up by 0.75%, Bankex up by 0.75%, Basic Materials up by 0.74% and TECK up by 0.66%, while Oil & Gas down by 0.35% and Energy down by 0.31% were the only losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Axis Bank up by 2.51%, Tata Motors - DVR up by 2.03%, HDFC up by 1.95%, Zee Entertainment up by 1.81% and BhartiInfratel up by 1.76%. On the flip side, Tech Mahindra down by 2.94%, ONGC down by 0.98%, Hero MotoCorp down by 0.70%, GAIL India down by 0.53% and Kotak Mahindra Bank down by 0.46% were the top losers.

 

Global Signals:

Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 5.35 points or 0.31% to 1,750.30, KOSPI Index increased 7.65 points or 0.35% to 2,163.31, Hang Seng increased 152.17 points or 0.63% to 24,345.87 and Nikkei 225 increased 217.28 points or 1.14% to 19,202.87. On the flip side, Shanghai Composite decreased 14.01 points or 0.43% to 3,252.95 and Taiwan Weighted decreased 0.32 points or 0% to 9,876.45.

European markets were trading mostly in green; UK’s FTSE 100 increased 0.86 points or 0.01% to 7,294.36 and Germany’s DAX increased 62.85 points or 0.52% to 12,058.92. On the flip side, France’s CAC decreased 5.37 points or 0.11% to 5,012.06.

 

 

Global markets bounce back as US stocks recover early losses to close lower as US Dollar and bond yields also rise.

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Indian Indices: Asian indices opened in the green with the Japanese 'Nikkei" jumping almost 250 points on opening bell. The overnight recovery in the US indices bought some cheer as most indices looked oversold in the near term. The Dow Jones however closed lower for the 8th consecutive session and a bounce back is on the cards for this week.


In the last session, Nifty followed global cues from opening bell and closed lower even though last hour buying by foreign investors saw some recovery. For today expect 9100 to be tested as foreign flows remain strong along with Rupee strength will see the Indian equity outperform in the near term. With expiry of derivative contracts on Thursday higher volatility will be the theme for next few days.


The BSE Sensex is currently trading at 29427.55, up by 190.40 points or 0.65% after trading in a range of 29301.22 and 29442.18. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.69%, while Small cap index was up by 0.82%.

The CNX Nifty is currently trading at 9109.40, up by 64.20 points or 0.71% after trading in a range of 9080.80 and 9109.75. There were 42 stocks advancing against 9 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Dishman

278.20

19.99

M&Mfin

337.45

5.37

Edelweiss

144.40

5.09

SCI

70.80

4.81

Group ATopLosers

 

 

KEC

195.35

-6.31

NLCINDIA

105.80

-3.73

Idea

87.65

-3.52

Tatacapital

480.00

-2.68

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29385

29585

Nifty

9090

9150

 

Technical view: Nifty will face resistance @ 9119 on the upside while 9025 which was yesterday's low will act as support on the downside. Bank Nifty also finds resistance around 21350 while 20980 will act as strong support on the downside.


 

FINCABLES (Buy above 492, for Target of 526, Stop Loss at 475): Fincables has broken out on weekly charts from a classic inverse head and shoulder pattern. The breakout is accompanied by surge in traded volumes in yesterday's trade, with a confirmation on the hourly charts too. Momentum oscillators suggest strength in the current price outburst indicating further upside in the coming days. We advise to Buy Fincables above Rs 492, Stop Loss at Rs 475 and Target of Rs 526.

Derivative Snippets:

In the last trading session, Nifty hovered around 9050 level and remained sluggish throughout the day. Nifty 9100CE strike saw fresh short selling as open interest surged by ~17 lakh shares. Short covering was witnessed in Nifty 9100PE, making 9100 level as a ceiling for Nifty in March F&O series.

FIIs were net buyers in cash market segment to the tune of Rs 578 crore.

FII’s index future long/short ratio at 3.2x vs 3.5x, with creation of fresh shorts to the tune of ~12K contracts

Nifty Movers: The top gainers on Nifty were HCL Technologies up by 2.09%, Tata Motors - DVR up by 2.03%, Axis Bank up by 1.87%, BhartiInfratel up by 1.81% and Tata Motors up by 1.70%. On the flip side, Tech Mahindra down by 1.88%, ONGC down by 1.14%, GAIL India down by 0.93%, Grasim Industries down by 0.51% and Coal India down by 0.41% were the top losers.

Top Sectoral& Stock Screening:  The gaining sectoral indices on the BSE were Consumer Durables up by 0.50%, IT up by 0.19% and TECK up by 0.07%, while Metal down by 1.62%, Energy down by 1.45%, Oil & Gas down by 0.86%, Telecom down by 0.71% and Healthcare down by 0.65% were the losing indices on BSE.

 

 

On the global front: On the global front, Asian shares were trading mostly in green, as investors shrugged off the disappointment from the current US administration’s ability to push through legislation to repeal and replace the Obama-era health-care law.

 

Global Signals: The Asian markets were trading mostly in green; KOSPI Index increased 3.33 points or 0.15% to 2,158.99, FTSE Bursa Malaysia KLCI increased 4.69 points or 0.27% to 1,749.64, Hang Seng increased 133.2 points or 0.55% to 24,326.90 and Nikkei 225 increased 188.21 points or 0.99% to 19,173.80.

On the other hand, Taiwan Weighted decreased 30.64 points or 0.31% to 9,846.13 and Shanghai Composite decreased 11.2 points or 0.34% to 3,255.75.Jakarta Stock Exchange is closed on account of ‘Hindu Saka New Year’ holiday.

 

How to avoid wrong decision made by you in the market

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 Decisions are one of the most important part and partial of our life. Without making decisions let it be good or bad right or wrong life is not possible. The same thing goes to the market, where decisions are the most important task to be carried on. It is very much needed in almost all the step in the market to take decisions but at the same time not all decisions are right or good one. There are a lot of decisions made by the investor which are not always right or correct rather they tend to be wrong at due course of time. It is not so easy to make decision in the investment market as because they can sometimes be a wrong one which may lead to a big loss of the investor. For an investor it is much essential to know and understand the value of the decision made in his investment and the outcome of the same decision in the future. Only knowing the value of the decision to be made will not do great but the execution of the better decision is equally needed. In order to understand how to avoid wrong decision made by you in the market an individual will have to follow the discussed points in the below.

          

Knowing the investment process

The most important thing which is to be kept in mind is that an investor will have to earn knowledge about the investment process of the market. Gaining knowledge about the stock market investment is the first and foremost thing to be done in the investment process. If the knowledge is not earned by the investor he will not be able to understand the rest of the things about the market and will not be able to cope with the share market situations and he will not make any profit out of his investment rather will have to beer loss. Therefore an individual has to have the knowledge to make it to a good investment process of earning more profit. The next important point is that an investor in the market should not be greedy and should not also be a gambler kind of investor because this may lead him to take bad decision at a point of time which may ultimately lead the investor to lose his money by that particular wrong decision. The greed in the mind of the investor will make him to increase the will of earning more profit and the investor may take a decision in no time which can take him to an awkward position and finally he may have to suffer for the same. One of the very important points of a safe and better investment in the market is that an investor should have the power of being very patient. A patient investor is always wise and a winner too. The investor should not lose his patience and take a quick decision because that will lead him to take a bad and a wrong decision. Having patience in an individual will make him think a lot and accordingly will make him reach to a result of making the right and the correct decision.

 

Having good confidence

Confidence is the best way to reach to success but at the same time over confidence is a way to ruin one’s success. Therefore it is very much essential for an investor to be very confident and not being over confident in any situation. Being over confident he will not take the right rather commit a wrong decision and will eat loads of lose. It is not always possible that an individual will make the good and the right decision. Sometimes a perfect investor can also commit some mistake and tend to take wrong decision. Therefore an investor must consult his legal advisor about the situation of the market and what would be right, good and correct for the stock investment. But it does not mean that any other person is the right one from whom advice can be taken. It is a must to be kept in mind that avoid taking advice from people and make good and right decision and let your investment be safe and success. So you have come to know how to avoid wrong decision made by you in the market.

 

Sensex closes off day’s low, Nifty above 9050; ITC, HDFC, Infosys support

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Indian Indices: Indian equity indices extended their gains and were hovering near the highest point of the day in late afternoon session, on continued buying by investors in Banking, PSU, and Utilities stocks. Sentiments remained optimistic with Finance Minister ArunJaitley’s statement that the government is keen to roll out the GST on July 1 and other aspects like bringing petroleum and land under its ambit will be considered after the first year of implementation of the new system of indirect tax collection. The GST bill will be introduced in Parliament next week. 

Meanwhile, the government has exempted FIIs from taxation of indirect transfers of Indian assets made after 2011 but has left prior period cases open for interpretation. On sectoral front, stocks of some public sector undertakings (PSU) were trading in green with the Nifty PSU Bank index gaining more than 4% with the private report that Finance Minister ArunJaitley.

The BSE Sensex is currently closed at 29,233.44 down by 187.96 points or 0.64% after trading in a range of 29163.54 and 29420.70. There were 6 stocks advancing against 24 stocks declining on the index.The broader indices were trading in red; the BSE Mid cap index was down by 0.34%, while Small cap index was down by 0.13%.

The CNX Nifty is currently shut down at 9045.20, down by 62.80 points or 0.69% after trading in a range of 9024.65 and 9094.85. There were 12 stocks advancing against 39 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Finacables

493.70

5.99

Sintex

104.70

4.86

PNB

146.75

3.86

GVKPIIL

6.01

3.26

Losers

 

 

KEC

193.90

-7.00

NLCIndia

105.40

-4.09

JSWSteel

179.85

-3.75

IDEA

87.70

-3.47

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

29,233.44

-0.64

Nifty

9,045.20

-0.69

Crporate Front:

India's finance minister ArunJaitley paved the way for landmark tax reforms on Monday, introducing four bills on the goods and services tax (GST) in the lower house of parliament. The legislation, which has broad support and is expected to pass parliament with ease, is part of the biggest tax reform thegovernment has undertaken since India's independence in 1947.

 

 

Macroeconomic front: State-run Indian Renewable Energy Development Agency (IREDA) has said that it will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying for around 20 per cent of the loan market share.As per reports, with the government aiming at adding around 15 to 16 GW of clean energy projects, including solar and wind, there would be total credit market size of around Rs 65,000 crore.

On the global front:

On the global front, European markets were trading in red as investors adopted a cautious tone on the back of U.S. President Donald Trump's surprise failure to deliver swift health-care reform. Asian markets were also trading in red. Back home, in scrip specific development, Dr. Reddy's Laboratories traded higher after the company entered into an exclusive distribution agreement with Integra LifeSciences Holdings Corporation. Under the agreement, Dr. Reddy's will market and distribute DuraGen Plus and SuturableDuraGen Dural Regeneration Matrices for use in patients in India.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28905.00

0.39

Silver

41787.00

0.62

Crude oil

3108.00

-1.08

Natural Gas

203.10

1.4

Alluminium

124.95

-0.95

Copper

372.80

-2.09

Top Sectoral& Stock Screening:The sole gaining sectoral index on the BSE was Consumer Durables up by 0.43%, while Metal down by 2.69%, Energy down by 1.70%, Oil & Gas down by 1.03%, Telecom down by 0.95% and Basic Materials down by 0.95% were the losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Bank of Baroda up by 1.98%, Indusind Bank up by 1.20%, SBI up by 1.10%, BHEL up by 0.72% and Dr. Reddy’s Lab up by 0.51%. On the flip side, Idea Cellular down by 3.41%, Tata Steel down by 3.27%, Hindalco down by 2.87%, Reliance Industries down by 2.82% and AurobindoPharma down by 2.49% were the top losers..

 

 

Global Signals:

Asian markets were trading mostly in red; Nikkei 225 decreased 276.94 points or 1.44% to 18,985.59, Hang Seng decreased 164.57 points or 0.68% to 24,193.70, Jakarta Composite decreased 31.76 points or 0.57% to 5,535.37, Taiwan Weighted decreased 26.21 points or 0.26% to 9,876.77, KOSPI Index decreased 13.29 points or 0.61% to 2,155.66 and Shanghai Composite decreased 2.49 points or 0.08% to 3,266.96. On the flip side, FTSE Bursa Malaysia KLCI increased 0.77 points or 0.04% to 1,746.52.

All European markets were trading in red; Germany’s DAX decreased 109.81 points or 0.91% to 11,954.46, UK’s FTSE 100 decreased 75.4 points or 1.03% to 7,261.42 and France’s CAC decreased 44.9 points or 0.89% to 4,976.00.

 

 

Global markets in correction mode as US indices turn south. Oil weakness, fall in bond yields and US Dollar softness adds to equity weakness.

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Indian Indices: Asian markets opened on a weak note with the Japanese 'Nikkei' down over 300 points as US Dollar weakness witnessed a stronger Yen. Oil weakness coupled with uncertainty on the health bill in the US saw profit booking in the US indices now turn ugly as stocks sold off further.


Nifty managed to hold 9100 by the skin of its teeth, which indicates the markets looking top heavy and susceptible to profit booking. Nifty will see Reliance hold the key as SEBI decision to ban derivative contracts for 1 year will have a sentiment negative, which however will be used by long term investors as an opportunity to buy Metals, Commodities and Energy stocks. The markets might see selling while Pharma and FMCG may see defensive buying for today. 


The BSE Sensex is currently trading at 29258.66, down by 162.74 points or 0.55% after trading in a range of 29247.56 and 29420.70. There were 7 stocks advancing against 23 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index was down by 0.13%, while Small cap index was up by 0.10%.

The CNX Nifty is currently trading at 9055.55, down by 52.45 points or 0.58% after trading in a range of 9047.95 and 9094.85. There were 11 stocks advancing against 40 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Wabag

698.75

4.35

Fincables

483.00

3.69

GVKPIL

6.03

3.44

Gati

144.10

3.04

Group ATopLosers

 

 

KEC

195.35

-6.31

NLCINDIA

105.80

-3.73

Idea

87.65

-3.52

Tatacapital

480.00

-2.68

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29385

29585

Nifty

9090

9150

 

Technical view: Nifty will face resistance around 9133, which was Friday's high while 9030-9040 will act as resistance on the downside. Bank Nifty faces resistance around 21250 with 20800 acting as support as PSU banks continue to see buying on declines.


 

Federal Bank (Buy above 90, for Target of 96, Stop Loss at 87): After being stuck in a narrow trading range for past 3 weeks, the stock has broken out from an Ascending Triangle pattern on the daily chart. Federal Bank has maintained its higher lows and has finally surpassed its previous peak resuming its higher high cycle too. The breakout has also been accompanied with rise in volumes confirming the price outburst.

 

Derivative Snippets:

In the last trading session, Nifty ended on a lackluster note. Nifty Bank index surged higher as PSU Bank stocks shimmered. Huge short covering was seen in Nifty Bank 21000CE strike, indicating a likely close above 21000 level for Nifty Bank index in this F&O expiry series. Nifty ATM/OTM call/put option strikes were under selling pressure throughout the day.

FIIs were net buyers in cash market segment to the tune of Rs 543 crore.

FII’s index future long/short ratio at 3.5x.

Nifty Movers: The top gainers on Nifty were Bank of Baroda up by 1.24%, Infosys up by 0.85%, BhartiInfratel up by 0.60%, Power Grid up by 0.59% and SBI up by 0.45%.

On the flip side, Idea Cellular down by 3.14%, Reliance Industries down by 2.34%, Coal India down by 2.30%, Tata Steel down by 2.27% and Hindalco down by 1.90% were the top losers.

Top Sectoral& Stock Screening:  The gaining sectoral indices on the BSE were Consumer Durables up by 0.50%, IT up by 0.19% and TECK up by 0.07%, while Metal down by 1.62%, Energy down by 1.45%, Oil & Gas down by 0.86%, Telecom down by 0.71% and Healthcare down by 0.65% were the losing indices on BSE.

 

 

On the global front: On the global front, Asian shares were trading mostly in red, after US President Donald Trump suffered a legislative defeat last Friday when Republican leaders pulled a bill to overhaul the US health care system with the dollar weaker and gold prices up. The Bank of Korea (BOK) survey showed that South Korean manufacturers are expected to spend more on capital investment this year than they did last year, although those expenditures will be conservative and mostly geared towards maintaining facilities than expansion.

Global Signals:The Asian markets were trading mostly in red; Nikkei 225 decreased 282.42 points or 1.47% to 18,980.11, Hang Seng decreased 81.99 points or 0.34% to 24,276.28, Taiwan Weighted decreased 29.03 points or 0.29% to 9,873.95, Jakarta Composite decreased 19.88 points or 0.36% to 5,547.26 and KOSPI Index decreased 13.55 points or 0.62% to 2,155.40.

On the other hand, FTSE Bursa Malaysia KLCI increased 3.49 points or 0.2% to 1,749.24 and Shanghai Composite increased 4.69 points or 0.14% to 3,274.14.

 

WEEKLY NIFTY TRADING VIEW FOR THE WEEK MAR 26, 2017–APRIL 01, 2017

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Events to watch this week

  • Potential health care loss could hinder Trump agenda
  • United Kingdom to trigger Article 50 on March 29
  • Banks soak up last of ECB’s cheap loans
  • Eurozone showing signs of accelerating growth
  • BOJ chief says stimulus here to stay

The Week ahead:

  • The United Kingdom and Europe set clocks ahead one hour for daylight savings time on Sunday, 26 March,
  • The UK is expected to trigger Article 50 of the Lisbon Treaty on Wednesday, 29 March
  • The United States reports revised Q4 gross domestic product figures on Thursday, 30 March
  • Japan reports inflation data and unemployment figures on Friday, 31 March
  • China releases purchasing managers’ indices on Friday, 31 March
  • The UK releases revised Q4 GDP figures on Friday, 31 March
  • The eurozone reports consumer inflation data on Friday, 31 March

For the week,Global equities slipped this week amid concerns that the Trump administration’s promised pro-growth policy agenda may become bogged down as GOP lawmakers struggle to repeal and replace the Affordable Care Act, also known as Obamacare. US 10-year Treasury note yields fell 10 basis points from a week ago to 2.41%. West Texas Intermediate crude slumped to $47.80 from $49.25 last Friday and global Brent fell to $50.60 from $52.00 as US production continued to build. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 12.4 from 11.2..

NIFTY- 9,108.00
CRUDE OIL-Rs 3,149 barrel
GOLD-Rs 28,805 gram
Rs/$-Rs 65.42

MARKET ROUND UP

Key benchmark indices edged lower as investors pocketed some cash on profit booking after the recent surge helped Nifty hit record closing high on the last session of previous week. Key indices fell in three out of five sessions of the week. Indices staged some recovery towards the closing sessions of the week after witnessing drubbing during the initial few sessions.

The barometer index, the S&P BSE Sensex, fell 227.59 points or 0.76% at 29,421.40. The Nifty 50 index shed 52.05 points or 0.56% at 9,108.

The BSE Mid-Cap index shed 0.31%. The BSE Small-Cap index rose 0.46%. Both these indices outperformed the Sensex.

Macro Economic Front:

On the Economic Front,India's current account deficit (CAD) at $7.9 billion (1.4% of GDP) in Q3 of FY 2017, was higher than $7.1 billion (1.4% of GDP) in Q3 of FY 2016 and $3.4 billion (0.6% of GDP) in the preceding quarter. The data was released by government after market hours on 23 March 2017.

Despite a slightly lower trade deficit on a year-on-year (y-o-y) basis, the CAD widened primarily on account of a decline in net invisible receipts. Net services receipts moderated on a y-o-y basis, primarily owing to the fall in earnings from software, financial services and charges for intellectual property rights.

Major Action &Announcement:

Axis Bank dropped 5.38%. The bank in a clarification issued before market hours on Wednesday, 22 March 2017, stated that the information on the bank's MD & CEO Shikha Sharma's resignation is false, speculative and is being circulated with the malafide intention of misleading the investors and the general public.

Cipla declined 0.63%. In its clarification on media reports titled USFDA issued import alert on Cipla'sTadalafil drug made at Bhagwanpur unit, Cipla during market hours on Friday, 24 March 2017 said that the company neither directly or indirectly imports for sale or sell Tadalafil tables in US market nor has not authorised any third party for it. Cipla is not associated with referenced import alert of Tadalafil product or its source at Bhagwanpur site at Uttaranchal for the US market, the company said. Accordingly, this event has no impact on Cipla, it added.

Sun Pharmaceutical Industries shed 0.48%.AlmirallS.L, and the company announced the validation of the regulatory filing of tildrakizumab with the European Medicines Agency (EMA) by Almirall. Tildrakizumab is an investigational IL-23p19 inhibitor being evaluated for the treatment of moderate-to-severe plaque psoriasis. The announcement was made during market hours on Friday, 24 March 2017.

BhartiAirtel declined 1.85%. The company announced that it has entered into a definitive agreement with Tikona Digital Networks (Tikona) to acquire Tikona's 4G business including broadband wireless access (BWA) spectrum and 350 sites, in five telecom circles for about Rs 1600 crore. The announcement was made after market hours on Thursday, 23 March 2017.

NTPC rose 2.53%. The company said that the second unit of 800 megawatts (MW) of Kudgi Super Thermal Power Station of 2400 MW has been commissioned. With this, the commissioned capacity of Kudgi Super Thermal Power Station, NTPC and NTPC group has become 1600 MW, 42977 MW and 49943 MW respectively. The announcement was made during market hours on Thursday, 23 March 2017.

FMCG major, Hindustan Unilever (HUL) fell 0.25%. HUL announced that it has commenced the commercial production in its new manufacturing unit at Assam on 15 March 2017. The announcement was made after market hours on Tuesday, 21 March 2017. The company had earlier informed about setting up new manufacturing unit in Assam to augment the production capacity of personal care products of the company.

Global Front:

In Overseas Markets,US Federal Reserve raised interest rates as expected without accelerating its timeline for future tightening. The Fed raised its benchmark lending rate a quarter point and continued to project two more increases this year. Fed said that it would raise the benchmark federal-funds rate to a range between 0.75% and 1%.

Global Economic News:

May sets date for beginning Brexit process
British prime minister Theresa May this week set 29 March as the day that the United Kingdom will notify the European Union of its intent to leave the EU, beginning the two-year period set out in Article 50 of the Lisbon Treaty for negotiating the terms under which the UK will exit. The negotiations are expected to be thorny because the EU is loath to give the UK a “good” deal for fear of prompting additional EU members to quit.

European banks take up more cheap loans than expected
Eurozone banks took up more super-cheap loans than expected from the European Central Bank’s Targeted Longer-Term Refinancing Operation (TLTRO) this week. A total of €223.5 billion of the zero percent four-year loans were placed, far in excess of the €125 billion economists had expected. In a sign of policy normalization, the ECB announced last month that this would be its last TLTRO operation.

European economy extends uptick
Flash purchasing managers’ indices jumped to their highest level in nearly six years today as the eurozone composite PMI rose to a robust 56.7. Economists extrapolate from that data that gross domestic product growth is growing at a rate in excess of an annualized 2%. The euro strengthened on the data, as well as on hopes that a centrist candidate will derail populist Marine Le Pen in the upcoming French presidential elections.

BOJ to stick to stimulus
Bank of Japan governor Haruhiko Kuroda said today that there is no reason to withdraw monetary stimulus now, or to raise the bank's bond yield target, since inflation remains well below the BOJ’s 2% goal. Recent upticks in Japanese growth and inflation have raised questions as to whether the central bank could alter its super-easy monetary policy. For now, those questions can be been laid to rest.

Brazil buffeted by meat scandal
Exports of Brazilian meat have plummeted in the wake of a food safety scandal. The meat products are now banned in China, Japan, Mexico and the European Union, while the United States has redoubled food safety inspections, according to the US Department of Agriculture. In an operation dubbed “Weak Flesh,” dozens of Brazilian food inspectors have been arrested for ignoring expired or adulterated processed foods in recent weeks.

Tighter Chinese liquidity eyed
Tightening liquidity conditions in China’s banking system are raising concerns that economic growth could be negatively impacted as the year progresses. Recently, China has been taking steps to rein in its shadow banking system amid fears that the property market could overheat. Chinese iron ore futures tumbled 19%, the largest weekly decline on record, as the People’s Bank of China introduced fresh borrowing curbs on home lending.

GLOBAL CORPORATE NEWS

Markets fear health care failure could crimp Trump’s clout
After delaying a scheduled vote on the American Health Care Act on Thursday, lawmakers have set a vote for late Friday despite apparently still not having enough votes to assure passage. If passed, the bill would be sent on to the Senate for its consideration. Observers grew concerned this week that if the Trump administration fails to advance one of its signature agenda items straight out of the gate that it may also struggle to pass market-friendly items like tax reform and infrastructure investment later in the Congressional session. A protracted fight on health care, at a minimum, would push those pieces back on the legislative calendar, delaying their economic impact. The failure to repeal and replace the Affordable Care Act would likely diminish the new administration’s political capital.

 

NEW 52-WEEK HIGH BSE (A):

 

ADANIENT

106.90

BAJAJFINANCE

1197.80

DCBBANK

168.45


NEW 52-WEEK LOWS BSE (A):

NOT YET IN (A) CAT

-------


MAJOR WEEKLY GAINERS IN BSE A CATEGORY:

Kec

21.19

nlc india

13.71

sobha

13.71


MAJOR WEEKLY LOSERS IN BSE A CATEGORY:

divi’s lab

-18.36

idea celluar

-15.80

srei infra

-10.17


Eyes will be set on the certain US economic data releases are:

Monday (27 Mar)
Week Bill Announcement

Tuesday (28 Mar)
Consumer Confidence

Wednesday (29 Mar)
Pending Home Sales

Thursday (30 Mar)
Natural Gas Report

Friday (31 Mar)
Consumer Sentiment

Fundamental Pick of the week:

Buy Glenmark Ltd For Target Rs.970.00

Glenmark Pharma reversed after taking support of its long-term moving average 200-day SMA and also its intermediate rising trend line.

* Positive cross-over in key technical indicators from their oversold zone is signaling that stock is on verge of turnaround and soon it will resume the uptrend.

* On the higher side, the stock will face hurdles around its multiple highs, which are placed in the range of Rs950-970.

* In case of major decline, recent swing low (i.e. Rs872) will work as key reversal point for the stock.

Indian Market Outlook:

Market on March 17, 2017

The Nifty traded with a bullish bias and scaled above the 9100 mark on a closing basis. A bigger picture shows that the Nifty held on to the trend line drawn from the previous swing lows. On the hourly chart, it has formed an impulse on the upside, which suggests that the larger upside potential is still intact. The range of 8980- 9000, which had earlier acted as a resistance zone, is now providing support to the Index. On the weekly chart, the Nifty has posted a negative close. Nevertheless, it can be taken as a part of a higher degree fifth wave on the upside. The short-term and medium-term targets on the upside are 9230 and 9500, respectively. 


TECHNICAL VIEW:

S3

S2

S1

NIFTY

R1

R2

R3

8,950

9,000

9,060

9,108.00

9,160

9,245

9,340


Other technical observations

Last Week we gave Chopad Levels  of 9150, Nifty gave Short entry on Monday which  did 2 target on Downside by Wednesday.Nifty for a single session was not able to close below the Chopad level of 9150 suggesting Bulls were under pressure from start of the week.  LetsAnalyze how to trade Nifty as we are approaching March Expiry and Financial Year closing.

 

Conclusion:

Nifty settled marginally lower in the passing week, tracking mixed cues. Majority of the sectoral pivots traded inline with the benchmark and failed to post any meaningful gain.

In the coming week, we expect Nifty to consolidate further within 9000-9300 band; however, volatility will inch higher on stock specific front due to expiry of March month derivatives contracts.

Considering all, traders should focus more on the trade management part and avoid over leveraging. Investors, on the other hand, should use this phase to gradually add quality stocks on every dips.

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Platform of performance

The market deals with the shares and stocks of many big companies and thus is the platform of performance for many. The market is such that there are very few places where we can actually have a great amount of exposure in the market scenario as such. The market situations are such that you will never find a safer and more dynamic scenario than other that is already existent in the market. The shares are such volatile that they cannot provide steadiness to the market. The entire idea of the market place will be to have a place that will not only have a better stand to attend that but at the same time they have a grater amount of subject in the market place. The place is such that that they are of much higher value. It is always advisable that in a market where there are possibilities of new things to enter in the market the older players should always try to make their position a bit stringer in the market. The market place is such that they have always an outlook to keep pace up with the current trend that is always on a growing mood in the market scenario. This is the time when an experienced and a good player in the market can provide an insight into the functioning of the market and can out come with new ideas and just in time when they think that the market are at the places they can operate from whatever way they can come into and at the same time can also have a specific way of guiding the other valuable players in the market.

 

Knowing the market

It is this place that would some way or other will be a profitable affair for the new players as they are so much in profit that they have a fair idea. The people those who are investing are always of the idea that the stocks they are investing in are tangible and they can always invest in any other format. They have an idea into what they do not understand is that people are the dynamism of the market that these stocks and shares do operate and the same time there will be new market scenarios emerging out of the place as such which will be of greater and more emerging experiences. If you try to opt for investment in day trading then you need to understand it very well. Thus we can come up with an idea that we are surrounded by risk on both sides but more important is to understand them and try to find a suitable solution for that and at the same time try to answer our own question as to how to avoid painful losses from the stock market?

US indices close flat as caution on health care policy implementation sees markets turn wary

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Indian Indices: Asian indices opened on a mixed to positive note as lower oil prices prompted buying in financials. With the US indices seeing profit booking with a weaker US Dollar, emerging markets in Asia will see inflows as investors chase higher returns. The Japanese 'Nikkei" could see more gains as positive data on manufacturing should see equities do well.

Nifty bounced sharply to close near 9100 as foreign investors bought aggressively. 


With oil prices headed lower and the Government actively looking to meet disinvestment targets, it should see the fiscal and current account deficit at the lowest in recent times. Dividend stripping in most cash rich PSU would be the order of the day as Government shores up its balance sheet before March 31.


The BSE Sensex is currently trading at 29469.38, up by 137.22 points or 0.47% after trading in a range of 29350.17 and 29500.19. There were 20 stocks advancing against 9 stocks declining, while 1 stock remained unchanged on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.46%, while Small cap index was up by 0.74%.

The CNX Nifty is currently trading at 9065.35, up by 34.90 points or 0.39% after trading in a range of 9048.60 and 9076.35. There were 38 stocks advancing against 13 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

KEC

202.70

6.35

RECltd

174.60

4.86

Wabag

650.95

4.52

Bankbaroda

168.10

3.67

Group ATopLosers

 

 

Sadbhav

315.00

-2.01

Enginersin

146.40

-1.58

TVSMotor

426.05

-1.54

Eichermot

24217.10

-1.32

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29385

29585

Nifty

9090

9150

 

Technical view: Nifty will attempt 9119 and if crossed will see resistance around 9150, while 9070 will act as strong support on the downside. Bank Nifty was clearly a struggler with 20700 now acting as key support while 21200 will act as resistance on the upside.


 

Trading ideas: MPHASIS (Buy above 602, for Target of 630, Stop Loss at 587): Mphasis is in a higher top higher bottom formation on weekly charts since mid November 2016. Post the uptrend, the stock on daily charts consolidated for three weeks and has broken out from a continuation pattern. The breakout comes with decent uptick in volume too. We advise to Buy Mphasis above Rs 602, Stop Loss at Rs 587 and Target of Rs 630.

 

Derivative Snippets:

Nifty continue to hold the psychological support of 9000 in yesterday’s trading session. Short selling was witnessed throughout all the OTM Nifty put strikes. Nifty 9000PE adds ~7.3 lakh shares in open interest. Marginal hint of short covering was seen in Nifty 9100, 9200 call option strikes.

FIIs were net buyers in cash market segment to the tune of Rs 1094 crore.

FII’s index future long/short ratio at 3.5x vs 3.6x.


Nifty Movers: The top gainers on Nifty were Bank of Baroda up by 3.45%, ICICI Bank up by 3.03%, SBI up by 2.33%, GAIL India up by 1.33% and Yes Bank up by 1.13%.
On the flip side, BPCL down by 1.27%, Tech Mahindra down by 0.92%, Grasim Industries down by 0.78%, ONGC down by 0.70% and Zee Entertainment down by 0.60% were the top losers.

Top Sectoral& Stock Screening:  The top gainers on the Sensex were ICICI Bank up by 3.01%, SBI up by 2.33%, GAIL India up by 1.27%, Power Grid up by 0.98% and ITC up by 0.95%. On the flip side, ONGC down by 0.52%, TCS down by 0.32%, Maruti Suzuki down by 0.21%, Lupin down by 0.18% and Cipla down by 0.18% were the top losers.

 

 

 

On the global front: On the global front, Asian shares were trading mostly in red, as investors eyed US political developments on a healthcare bill that is seen as a litmus test of President Donald Trump’s ability to get ambitious tax and spending plans passed as well. Bank of Japan Governor Haruhiko Kuroda said there is no reason to withdraw the bank’s massive monetary stimulus now as inflation remains distant from its 2 percent target.

Global Signals:The Asian markets were trading mostly in red; Taiwan Weighted decreased 36.23 points or 0.36% to 9,894.51, Hang Seng decreased 33.67 points or 0.14% to 24,294.03, Jakarta Composite decreased 6.25 points or 0.11% to 5,557.51, KOSPI Index decreased 4.64 points or 0.21% to 2,168.08 and Shanghai Composite decreased 3.58 points or 0.11% to 3,244.97.

On the other hand, FTSE Bursa Malaysia KLCI increased 0.44 points or 0.03% to 1,747.44 and Nikkei 225 increased 159.36 points or 0.83% to 19,244.67.

 

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