Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

SENSEX ENDS AT RECORD HIGH, NIFTY ABOVE 9250; RIL, ADANI PORTS GAIN

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Indian equity benchmarks added some gains in late afternoon session, continued their northward journey on the back of positive opening in the European markets and healthy buying in Realty, Consumer Durables and Telecom stocks. Sentiments remained upbeat with the report that Tax revenue to the central government rose 18% to Rs 17.1 trillion in the year ended 31 March, aided by steady growth in direct taxes and a sharp jump in excise and service tax receipts. 

Some support also came with the report that Federation of Indian Export Organisations (FIEO) expects the merchandise exports from India to witness double-digit growth at around $315 billion and services exports to be about $185 billion in the financial year (FY) 2017-18. Besides, foreign investors pumped in a little over Rs 49,000 crore in the Indian capital markets in 2016-17 after pulling out a hefty sum in the preceding fiscal. However, gains remained limited ahead of the outcome of Reserve Bank of India's policy meet due tomorrow.

The BSE Sensex is currently trading at 29964.45, up by 54.23 points or 0.18% after trading in a range of 29817.69 and 30007.48. There were 17 stocks advancing against 13 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0.37%, while Small cap index was up by 1.14%.

The CNX Nifty is currently trading at 9260.85, up by 23.00 points or 0.25% after trading in a range of 9215.40 and 9264.95. There were 31 stocks advancing against 20 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Sobha

399.00

16.24

Unitech

5.85

15.38

DEN

91.50

8.22

VRLLOG

342.60

8.23

Losers

 

 

BajajElec

348.05

-6.63

Deltacorp

202.60

-5.17

HDFC

1490.05

-2.78

GSPL

160.50

-2.67

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

29,974.24

0.21

Nifty

9,265.15

0.30

Crporate Front: Five countries, including India and Bangladesh, lead the world in solar home lighting systems and the two south Asian nations together account for 97 per cent of the renewable energy market in the region, says an international body report.The other three leading countries are Kenya, Tanzania and Ethiopia -- all in Africa.

 

Macroeconomic front: Tractor maker Sonalika ITL today reported its best ever annual sales at 81,531 units, registering a growth of 19.6 per cent in 2016-17, reported PTI. During the year, the company sold 69,290 units in the domestic market, clocking an increase of 18 per cent from the previous fiscal, Sonalika ITL said in a statement.

 

On the global front:

On the global front, European markets were trading in green as investors eyed on fresh economic data and renewed promises on financial regulation from U.S. President Donald Trump. Asian markets were trading mostly in green. Back home, in scrip specific development, Bharat Forge traded higher with the company planning to raise $500 million in an overseas bond sale. The company will use the money to restructure debt and finance expansion.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28924.00

-0.32

Silver

42437.00

-0.31

Crude oil

3354.00

0.87

Natural Gas

213.70

0.42

Alluminium

127.00

0.91

Copper

380.40

1.00

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Realty up by 4.43%, Consumer Durables up by 2.67%, Telecom up by 1.65%, Industrials up by 1.32% and Capital Goods up by 1.31%, while IT down by 0.86%, TECK down by 0.31% and FMCG down by 0.09% were the losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were Maruti Suzuki up by 4.12%, Adani Ports & SEZ up by 4.12%, BhartiInfratel up by 2.72%, Hindalco up by 2.40% and Reliance Industries up by 2.40%. On the flip side, HDFC down by 2.61%, Infosys down by 1.41%, Coal India down by 1.36%, HCL Tech. down by 1.28% and Tech Mahindra down by 1.05% were the top losers.

 

Global Signals:

Asian markets were trading mostly in green; Jakarta Composite increased 1.78 points or 0.03% to 5,653.60, Shanghai Composite increased 47.79 points or 1.48% to 3,270.31, Nikkei 225 increased 51.02 points or 0.27% to 18,861.27, Taiwan Weighted increased 137.96 points or 1.41% to 9,949.48 and Hang Seng increased 139.32 points or 0.57% to 24,400.80. On the flip side, FTSE Bursa Malaysia KLCI decreased 4.89 points or 0.28% to 1,742.30 and KOSPI Index decreased 0.25 points or 0.01% to 2,160.85.

European Markets were trading mostly in green; France’s CAC increased 4.59 points or 0.09% to 5,105.72 and UK’s FTSE 100 increased 25.31 points or 0.35% to 7,347.13. On the flip side, Germany’s DAX decreased 22.53 points or 0.18% to 12,259.81.

 

 

US indices close flat as oil and dollar rally with energy stocks seeing value buying. Going ahead, corporate results to set the trend for April as indices continue to look bottom heavy.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

 

Indian Indices: Asian markets opened flat to mildly positive as the US indices closed flat after 2 days of intraday volatility. The results season ahead should set the trend for the month of April as markets consolidate. Oil prices rallied along with the US Dollar while bond yields fell further to near 2.35% on the US 10 year treasury paper.


Nifty saw another burst above 9250 on strong foreign flows as old favorites like Reliance and L&T led from the front. With foreign investors buying heavily in March and the markets now @ new highs they will see pressure from corporate results to be announced next week onwards. With most good news being priced in, time to be cautious as any disappointment on results can see healthy correction in Nifty in second half of April.

The BSE Sensex is currently trading at 29867.85, down by 42.37 points or 0.14% after trading in a range of 29817.69 and 30007.48. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.34%, while Small cap index was up by 0.71%.

The CNX Nifty is currently trading at 9231.70, down by 6.15 points or 0.07% after trading in a range of 9215.40 and 9264.95. There were 30 stocks advancing against 21 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Unitech

5.39

6.31

Sobha

364.40

6.16

Intellect

124.55

5.19

Edelweiss

169.35

5.19

Group ATopLosers

 

 

HDFC

1500.75

-2.08

Jetairways

521.75

-1.88

Hathway

35.95

-1.78

Bhartiartl

806.95

-1.39

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29550

29780

Nifty

9150

9220

 

 

Technical view: Nifty now faces resistance around 9330 on the upside with 9218 now acting as strong support. Bank Nifty faces resistance around 21750 while 21250 will act as strong support.

 

 

 

JISLJALEQS (Buy above 99, for Target of 108.5, Stop Loss at 95.5): Jain Irrigation Systems has given a fantastic triangle pattern breakout on daily as well as weekly charts. This comes after the stock consolidated with previous uptrend in place, hence, can be termed as a continuation of the previous trend. Breakout is accompanied by sharp surge in trading volumes. We advise to Buy JISLJALEQS above Rs 99, Stop Loss at Rs 95.5 and Target of Rs 108.5.

Derivative Snippets

In the last trading session, Nifty closed above 9200 for the first time ever. Nifty OTM call option strikes witnessed long build up while OTM put option strikes saw huge short selling. Short build up was seen in Bank Nifty weekly 06APR 21500PE strike, indicating 21500 levels as a new floor for Bank Nifty in this weekly series.

Amidst lowest expectation from the RBI credit policy in recent times, implied volatility of Index options tumbled in the last trading session.

FIIs were net buyers in cash market segment to the tune of Rs 534 cr. FII’s index future long/short ratio at 3.3x. Fresh long position in Index call options to the tune of ~24k contracts were created in the last trading session.

 

 

Nifty Movers: The top gainers on Nifty were BhartiInfratel up by 2.82%,Hindalco up by 2.17%, Adani Ports up by 1.91%, Maruti Suzuki up by 1.61% and Grasim Industries was up by 1.58%. On the flip side, HDFC down by 1.89%, ICICI Bank down by 1.15%, GAIL India down by 1.09%, Asian Paints down by 1.03% and SBI was down by 0.89% were the top losers..

 

Top Sectoral& Stock Screening: The top gaining sectoral indices on the BSE were Realty up by 2.46%, Consumer Durables up by 1.87%, Metal up by 1.01%, Telecom up by 0.84% and Basic Materials was up by 0.83%, while IT down by 0.33%, TECK down by 0.17%, FMCG down by 0.15% and Bankex was down by 0.11% were the few losing indices on BSE.

 

 

 

 

On the global front: On the global front, Asian markets were trading mostly in red at this point of time, as investors move to the sidelines before a potentially tense meeting between Donald Trump and Chinese President Xi Jinping later this week. The US markets closed modestly in green in the last session, though the trade remained lackluster and the major averages spent the day bouncing back and forth across the unchanged line, ahead of some key events later this week.

 

 

Global Signals:Asian markets were trading mostly in red; Hang Seng decreased 45.51 points or 0.19% to 24,215.97, Nikkei 225 slipped 19.45 points or 0.1% to 18,790.80, KOSPI Index shed 7.16 points or 0.33% to 2,153.94, Jakarta Composite dipped 5.44 points or 0.1% to 5,646.38 and FTSE Bursa Malaysia KLCI was down by 5.08 points or 0.29% to 1,742.11.On the flip side, Shanghai Composite increased 34.16 points or 1.06% to 3,256.67 and Taiwan Weighted was up by 87.72 points or 0.89% to 9,899.24.

 



How to be responsible while investing in the market?

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Want to make responsible decision while investing in share market? Just fill Stock tips trial form and let expert guide you.


You need to understand the market situation very well when you try to make stock investment in the market. If you try to make any investment in the market without any clear knowledge of the market then you would not be able to make any profit from the market. There are stocks that have shown good profit in the market and you can then try to invest in it but you should always keep in mind that there are always some risks in the market and you cannot avoid the risks. If you try to make your investment in the market and that too without any proper study then you would have to face a huge loss of money.  Making the right and profitable investment in the market is not difficult if you really try your best to make good study or research. There are concepts that make you feel that it is not important but you should know that all concepts are very important in the market. 


If you are able to get the right information of the stocks then it would not be at all difficult for you to make good money. You should take care when you try to go for online stock market because you have to find the right and genuine website because this would only help you to get the correct information of the market. When you get all the updated information of the market you would not have to worry for your investment. This is because you can get all the latest happenings in the market that would help you to make the right income. Getting the right income from the stocks is possible but it might take some time for which you need to have good patience in the market.  To be a successful trader you need to identify the profitable stocks that would help you get the maximum benefit. If you are able to take the right decision yourself then you would not have to worry but you should know that you have to know how NSE, BSE….etc functions in the market. You should also try to know the insights of the market and this would make you more knowledgeable in the market. It is important for you to know how to be responsible while investing in the market?

 

Do not dare to predict

There are some investors who try to predict the stock market because they think that they are able to know what would happen to the market. If you also think the same then it is important to clear this misconception because this would only make you a loser and you would also feel less confident in the market. It is to be noted no matter how much you try to get rod of risks, the risk factor would always be there and you would not be able to get away from it. You also need to assure yourself that you are quite patient and you have the ability to bear the risks in the market while investing in the different stocks. You can also make good income from day trading but for this you have to get the right knowledge on how you are going to invest in it.

 

Make the perfect planning for your investment

You have to make the perfect plan for your stock investment in the market and this can be done by avoiding the decision made by your friends. In other words you need to make sure that you do not take any advice from your friends as they might provide you all the wrong information and you would have to lose your cash in the market. Investing for short term can also help you gain good amount of money but you need to know the risks in it. You would be glad of your own decision when you get the best profit from your stock investment. You should make sure of the stocks that it would bring good profits to you. Thus you should try to understand how to be responsible while investing in the market?

Stocks witness consolidation as oil recovers while US Dollar stays range bound. UK exits EU which sees Pound fall while Japanese Yen weakens further.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Asian indices got off to a subdued start as the Japanese Yen weakness saw stocks retreat on opening bell. With US indices also losing some ground, expect consolidation as mid week blues see profit booking. Oil pullback should see energy stocks bounce back as lower than expected inventories see buying come back.


Nifty bounced back strongly led by banks as positive global cues coupled with strong institutional buying pushed the indices higher. Foreign investors buying got another leg up as domestic flows turned positive with new highs on the cards by next week. For today expect expiry related volatility with Banks, Energy and IT stocks seeing buying while Pharma and Infra see profit booking. 


The BSE Sensex is currently trading at 29642.09, up by 110.66 points or 0.37% after trading in a range of 29521.65 and 29645.88. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index gained 0.56%, while Small cap index was up by 0.89%.

The CNX Nifty is currently trading at 9166.05, up by 22.25 points or 0.24% after trading in a range of 9136.35 and 9169.65. There were 31 stocks advancing against 17 stocks declining on the index, while 3 stocks remained unchanged.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Prestige

217.10

7.34

Unitech

5.72

5.34

Suzlon

19.15

4.93

Adanitrans

65.70

3.71

Group ATopLosers

 

 

Gruh

394.65

-3.27

Mphasis

581.95

-2.55

Wabag

680.40

-0.90

Justdial

547.30

-0.90

INDEX PERFORMANCE

 

 

Indices

Support

Resistanes

Sensex

29326

29525

Nifty

9090

9130

 

Technical view: Nifty finds strong support around 9079 while 9170 will act as resistance. Bank Nifty made new highs and now faces resistance around 21500 while 21200 will act as strong support.


 

Castrol (Buy above 425, for Target of 440, Stop Loss at 417.5): The stock after being under pressure in the past week has finally shown signs of revival. Castrol is on the verge of a declining trendline breakout on the daily charts and a close above Rs 425 would confirm the same. Volumes have seen a smart pick up while other momentum oscillators also indicate Castrol is likely to move higher post the breakout.


Derivative Snippets: Markets ended its last trading session with a positive bias, as PSU banks continued to surge higher. Fresh 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. Nifty 9100PE and 9200CE adds fresh open interest indicating of a floor and a ceiling for Nifty in today’s trade.

FIIs were net buyers in cash market segment to the tune of Rs 461 crore.

FII’s index future long/short ratio at 2.5x vs2.7x, with a significant creation of fresh long and shorts positions to the tune of ~40K and ~28K contracts.

Nifty Movers: The top gainers on Nifty were Adani Ports up by 1.64%, SBI up by 1.27%, Indusind Bank up by 1.05%, Hero MotoCorp up by 1.03% and Maruti Suzuki was up by 0.92%. On the flip side, BhartiInfratel down by 1.62%, Axis Bank down by 0.80%, Ambuja Cement down by 0.56%, HCL Tech down by 0.48% and Wipro was down by 0.44% were the top losers.

Top Sectoral& Stock Screening:  The top gaining sectoral indices on the BSE were Realty up by 1.25%, Consumer Durables up by 1.15%, Capital Goods up by 0.78%, Industrials up by 0.74% and Consumer Discretionary Goods & Services was up by 0.65%, while Telecom down by 0.20% was the lone losing index on BSE.

 

 

On the global front: On the global front, all the Asian markets were trading in red at this point of time; the Japanese market too was lower despite the yen weakening and crude holding on to last day’s surge.

The US markets once again showed a lackluster trade and made a mixed closing in last session. Back home, there was broad based buying witnessed in the markets and apart from the blue chips, the broader markets too participated strongly in the rally.

Global Signals:Asian markets were trading in red; Hang Seng decreased 114.29 points or 0.47% to 24,277.76, Nikkei 225 shed 65.01 points or 0.34% to 19,152.47, Shanghai Composite declined 36.32 points or 1.12% to 3,205.00, Jakarta Composite dropped 32.79 points or 0.59% to 5,559.72, Taiwan Weighted slipped 14.47 points or 0.15% to 9,841.78, KOSPI Index dipped 5.7 points or 0.26% to 2,161.28 and FTSE Bursa Malaysia KLCI was down by 2.75 points or 0.16% to 1,747.66.

 1,747.66.1,747.66.

 

Weekly Nifty Trading View for the Week April 03, 2017–April 09, 2017

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Events to watch this week

  • United Kingdom triggers Article 50

  • Trump’s agenda questioned after health care defeat

  • US economic growth revised up slightly

  • South Africa sacks finance minister

  • NAFTA changes may be modest

The Week ahead:

  • The Bank of Japan releases its Tankan report on Monday, 3 April

  • Global manufacturing purchasing managers’ indices are released on Monday, 3 April

  • Euro-area retail sales are reported on Tuesday, 4 April

  • Global service sector PMIs are released on Wednesday, 5 April

  • The US Federal Reserve releases the minutes of its March Federal Open Market Committee meeting on Wednesday, 5 April

  • Trump and Chinese president Xi meet in Palm Beach on Thursday–Friday, 6–7 April

  • The United States releases its March employment report on Friday, 7 April

For the week,Global equities rose this week as did oil prices, while yields on 10-year US Treasury notes held steady at 2.41%. West Texas Intermediate crude advanced to $50 from $47.80 last Friday, while global Brent rallied to $52.70 from $50.60 last week. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), held steady near 12.

NIFTY- 9,173.75
CRUDE OIL-Rs 3,286barrel
GOLD-Rs 28,450 gram
Rs/$-Rs 64.85

MARKET ROUND UP 
Key benchmark indices logged modest gains in the week ended Friday, 31 March 2017 as the sentiment was buoyed after the LokSabha cleared four bills related to the Goods and Services Tax (GST), one of the biggest reforms, on 29 March 2017. The overall sentiment in the broader market was upbeat during the week with the BSE Small-Cap and the Mid-Cap indices outperforming the Sensex.

In the week ended Friday, 31 March 2017, the Sensex rose 199.10 or 0.68% to settle at 29,620.50. The Nifty 50 index rose 65.75 points or 0.72% to settle at 9,173.75. The BSE Mid-Cap index rose 247.47 points or 1.79% to settle at 14,096.65. The BSE Small-Cap index gained 356.25 points or 2.53% to settle at 14,433.86. Both these indices outperformed the Sensex.
Trading for first day of the week began on a subdued note as the key benchmark indices settled with modest losses on Monday, 27 March 2017 on negative global stocks. The Sensex lost 187.96 points or 0.64% to settle at 29,233.44, its lowest closing level since 22 March 2017. 

Macro Economic Front: 
On the Economic Front,the LokSabha cleared four bills related to the Goods and Services Tax (GST) on 29 March 2017, setting the stage for 28 states, along with Delhi and Puducherry, to enact state laws over the next three months to roll out the new tax regime from July 2017.

The four bills Integrated GST, Central GST, Union Territory GST and Compensation Bill will be followed by work in the GST council, comprising FM ArunJaitley and state finance ministers, to finalise rules and product- and service-wise rates by the end of April.
GST will replace central excise, service tax and state VAT and several other levies, in addition to subsuming existing cesses and surcharges.

Major Action &Announcement:
IT major Infosys fell 1.07% to Rs 1,020.80. The company announced during trading hours on 30 March 2017, that it has achieved Cloud Elite status in the Oracle PartnerNetwork (OPN). With this designation, Infosys is well positioned to help customers achieve cloud transformation, and provide sophisticated capabilities and next-generation services on Oracle Cloud. With strategic specialization and training programs, innovative joint solutions, and a clearly defined solutions roadmap, Infosys' Cloud Elite status will help clients derive better business value, it said in a statement.

TCS rose 0.18% to Rs 2,431.10. TCS said that the company has collaborated with SATS (SATS), Asia's leading provider of airport ground handling and food solutions services, to develop a smart watch solution that is believed to be the world's first mobile solution for airport Technical Ramp operations. The Technical Ramp Smart Watch solution is now supporting SATS' operations at Singapore's Changi Airport, a leading global hub of travel, technology adoption and efficiency. The announcement was made after market hours on 30 March 2017.

NTPC rose 1.1%. NTPC said that consequent upon testing and commissioning, 260 megawatts (MW) capacity (4x65 MW) of Bhadla solar PV project at BhadlaRajasthan, is declared on commercial operation on 25 March 2017. With this, the commercial capacity of NTPC and NTPC group has become 40,522 MW and 47,293 MW respectively. The announcement was made after market hours on 30 March 2017.

Drug major Lupin fell 2.61%. The company announced the launch of Abacavir and Lamivudine tablets, 600 mg/300 mg having received an approval from the United States Food and Drug Administration (FDA) earlier. The announcement was made during market hours on 29 March 2017.

Power Grid Corporation of India (PGCIL) rose 1.81%. The company announced that it has acquired Medinipur-Jeerat Transmission, the Project SPV to establish transmission system for 765kV strengthening in Eastern Region (ERSS-XVIII), on build, own, operate and maintain (BOOM) basis from PFC Consulting. The transmission system is to be progressively constructed over a period of 40 months. The announcement was made during market hours on 29 March 2017.

Axis Bank gained 0.33%. The bank said that the board of directors of the bank has passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to $10 million under the MTN programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours on 27 March 2017.
Hero MotoCorp lost 4.52% to Rs 3,223.85. Bahadur Chand Investments (BCIPL), one of the promoters of Hero MotoCorp, raised its holding in the two-wheeler major by picking up 4.45% stake for Rs 2996 crore from another promoter firm in an open market transaction. 

Global Front: 
In Overseas Markets,Activity in China's manufacturing sector expanded to 51.8 in March, an official survey showed on Friday, 31 March 2017. The services sector rose to 55.1 from 54.2 in February. The 50-point mark separates growth from contraction.
Japan's core consumer prices rose 0.2% in February. While that is the fastest annual pace in nearly two years, it is still distant from the central bank's 2% target.

The US economy, as measured by gross domestic product, expanded at a 2.1% annualized pace in the fourth quarter, slightly faster than the previously reported 1.9% rate. Separately, jobless claims fell by 3,000 to 258,000 in the latest week, near their lowest level in decades.

Global Economic News:

Beginning of the end 
The United Kingdom formally began the process of withdrawing its European Union membership this week by triggering Article 50 of the Lisbon Treaty. The UK and EU now enter into a two-year negotiation to iron out such thorny issues as the legal status of EU citizens residing in the UK and that of UK citizens living within the EU, "hard" or "soft" borders and how —and how much it will cost-- to extract the UK from the EU’s finances. EU president Donald Tusk said a free trade agreement can only be discussed once sufficient progress has been made on the divorce process. Also this week, the Scottish parliament voted 69–59 to authorize a second referendum on independence from the UK. Scotland voted to remain in the EU in last June’s Brexit referendum.

Will Trump play it safe or go big? 
After suffering a stinging defeat in his first major legislative initiative, President Donald Trump is likely to turn his focus to taxes in the hope of unifying the Republican congressional caucus. That may prove easier said than done, as the approximately $1 trillion in savings over 10 years that was expected from the repeal of Obamacare and its replacement with the American Health Care Act (AHCA) is now off the table. Trump must now decide whether to risk further political capital by advocating an ambitious comprehensive tax reform plan or to play it safe and advocate a smaller program of tax cuts. Should negotiations drag on, markets may not receive the fiscal stimulus that they’ve been expecting this year. Some fear stimulus could be smaller than expected and later in arriving, perhaps not until 2018.

US growth revised up
Q4 US gross domestic product was revised up to a 2.1% annual rate this week from an earlier 1.9% reading. Corporate profits showed healthy growth of 9.3%, though the persistent US trade deficit restrained economic growth. Sluggish growth is expected to persist into the first quarter of 2017.

US to seek modest NAFTA changes
A leaked draft of a US Department of Commerce memo this week showed that the Trump administration will seek quite modest changes to the North American Free Trade Agreement, countering more bombastic proposals made on the campaign trail by President Trump prior to his election. Trade jitters have been receding in recent weeks, but investors will keep a close eye on the first meeting between Trump and Chinese president Xi Jinping in Palm Beach, Florida, on 6–7 April.

German unemployment falls to record low
Unemployment in Germany, Europe’s largest labor market, fell to a post-reunification low of 5.8% in March, as joblessness fell by 30,000. That was more than the 10,000 that economists had predicted.

Ousted South Korean president jailed
Former South Korean president Park Geun-hye has been arrested and jailed over corruption allegations. Prosecutors have 20 days to build their case while Park is in custody. A snap election to replace Park will take place on 9 May.

GLOBAL CORPORATE NEWS

Cutting a Gordhan-ian knot
South African president Jacob Zuma fired his market-friendly finance minister PravinGordhan this week in a move that risks prompting a downgrade of the country’s sovereign debt ratings. Zuma and Gordhan are longtime political rivals and have differed sharply over South Africa’s public finances. Zuma is expected to sharply increase public expenditures now that Gordhan has been sacked. South Africa’s rand has fallen 7.5% this week against the US dollar as the battle between Zuma and Gordhan has played out.

NEW 52-WEEK HIGH BSE (A):

ADANIENT

109.95

ADANIPORTS

342.00

AIAENG

1641.00

NEW 52-WEEK LOWS BSE (A):


NOT YET IN (A) CAT

-------

MAJOR WEEKLY GAINERS IN BSE A CATEGORY:


 ABB INDIA

7.53

BAJAJ HOLDINGS

6.86

BERGER PAINTS

5.87

MAJOR WEEKLY LOSERS IN BSE A CATEGORY:


AMTEK AUTO

-4.60

AJANTA PHARMA

-3.55

ASHOK LEYLAND

-3.15


Eyes will be set on the certain US economic data releases are: 
Monday (03 Mar)
PMI Manufacturing Index 
Tuesday (04 Mar)
Motor Vehicle Sales & Factory Orders
Wednesday (05 Mar)
PMI Services Index
Thursday (06 Mar)
Natural Gas Report 
Friday (07 Mar)
Consumer Credit & Wholesale Trade

Fundamental Pick of the week:
Buy CESC LTDFor Target Rs.900.00
CESC is in the strong up-trend as the stock reversed after taking support of Rs790 (23.6% Fibonacci Retracement level of prior up-move Rs527-876) and later rose to Rs857.
* Key technical indicators-RSI & MACD are positively poised above their neutral line, where MACD is on the verge of positive cross-over.
* As per the current daily set-up, we believe that stock will continue the northward rally and record fresh high.
* On the higher side, the stock will face major hurdle around psychological level Rs900.Thus, long position can be initiated at around Rs830 with the target of Rs900 and a strict stop loss of Rs790. 

Indian Market Outlook:

TECHNICAL VIEW:


S3

S2

S1

NIFTY

R1

R2

R3

9,000

9,060

9,110

9,173.75

9,225

9,270

9,340

After witnessing volatile trades last week, CNX Nifty resumed its up move supported by short covering. Good recovery was seen from lower levels tracking continuation of bearishness in USD/INR futures which helped Indian equity markets to settle at higher levels. Technically, Rise in volume and fall in open interest with both sides price movement price movement indicates sideways sentiments in current week. 9100 will be the Crucial level to watch out for the current week. Benchmark Index CNX Nifty witnessed good buying support at lower levels from traders last week which indicates support at lower levels. CNX Nifty likely to trade with volatile sentiments in current week on profit booking at higher levels from traders. If it managed to sustain above 9100 level than it may witness firm sentiments till 9330 levels. Breaking of strong support 9100 level with good volume will make Nifty bearish and down side may come due to selling pressure below that level. Traders should look for the opportunity to buy at lower levels for the week.

Conclusion:

Nifty gave Short entry on Monday which  did 1 target on Downside. Long was triggered  by Tuesday did 1 Tgt on Thursday thus both bulls and bears were rewarded following Chopad levels.  Lets Analyze how to trade Nifty as we are approach the New Financial Year.
Hourly chart was near the support line as shown in above chart and should see impulsive move towards 9200 holding 9077.
High made was 9192 so we almost did 9077 above 9077. Now for coming week break of 9200 can see fast move towards 9268/9312/9368. Bearish below 9130 for a move towards 9060/8992.Still waiting for 9312 for completion of extended abcdpattern. Bulls needs to hold 8992 for the target to come.

How soon can you gain good profits from the market?

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

 Earn good profit from Share market, Click here to know how to earn money

The places in the market that actually earn the profit are the places that give us the maximum benefit in the market place. The place is the thing that has the greater advantages and thus has the things and they have the better chances to offer. The people are always on the outlook to earn the profits and they want good players in the market and good people and knowledgeable people to deal with and the always want the people those who are there to have the better things and thus they have the actual knowledge and thus they have the better things and they have the investors who invest in the share market. The stock market is the place that will deal with the stocks and the shares and therefore they have the much awaited philosophy and thus they will be in the way that dealing with the things the people are some of the things that we have the better issues to have the near future. You should make good efforts to know how soon can you gain good profits from the market.

 

Gaining the right income

The stock market is where the investors are always there to gain the most desired profit and at the same time they would like to earn the necessary knowledge about the things involved. The people that are dealing on a daily basis on the market understand that when we are on the out foot of a running market we should always try and understand the place at which the market is actually running and at the same time they should also like to understand the governing factors in the market that need to be governed and regulated if there is the need to have a stable and growing graph of shares in a market place. The places are such that they are the persons who are there not only to invest but at the same time to earn the profits and stabilize their earning from the market in the long run. The market place thus has the things that have a better and a new dimension to deal with.  The stock market undergoes through many a roots in the market and it at the same time is the place that have a great amount of things that are at stake when we deal with the shares and stocks at the stock market. The people are always on the outlook that they should be in a better position to understand the market and at the same tome they can have a fair view of how the market is actually running so as to get the actual idea of the functionalities and the working of the stock market place. The people are always there to look up in the market and they have the things and they are the places and the stock market is the things and they at the sane time will give the people the edge. 

 

Functioning of the stocks

The stock market is the place that will not only give us the shares to understand the market but they at the same time have all together a different dimension to understand the market. We see in the stock market that in the day to day basis there are many shares that fluctuate as the day evolves and ends and that as the day progresses the people at large are able to grip as to how the market will actually function. In this present world there are risks involved in every sector that we flow into be it real or the artificial one and so you should know whether day trading has too many risks involved in it. Thus we have the things that that can give us the people and they have the better advantage. They have the right summary and thus give us the people the advantage to give the right knowledge and then at the same time will be able to place us at a much better position and answer as how soon can you gain good profits from the market?

 

Sensex, Nifty end higher ahead of March F&O expiry; Banks soar

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices: Indian equity benchmarks continue to maintain the upbeat trend in late afternoon session as positive global cues along with strong rupee against dollar, buoyed investors’ sentiments. Traders remained optimistic with the Care ratings’ report that it expects GDP growth to accelerate to 8 percent next financial year as against 7.1 percent in this year as per the latest CSO estimate and added that the monsoon will be the only domestic risk factor which may scupper this. Sentiments also got some lift with the report that Finance Minister ArunJaitley moved the Central Goods and Services Tax (CGST) Bill, 2017, along with three other GST Bills for consideration and passage in the LokSabha. However, up-side remained capped ahead of the near month March 2017 derivatives contract expiry on Thursday.

The BSE Sensex is currently closed at 29,531.43 up by 121.91 points or 0.41% after trading in a range of 29439.42 and 29535.04. 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 0.41%, while Small cap index was up by 0.47%.

The CNX Nifty is currently shut up at 9143.80 up by 43.00 points or 0.47% after trading in a range of 9109.10 and 9140.10. There were 35 stocks advancing against 16 stocks declining on the index.

MARKET INDICATORS

·           

 

Top Movers (Group A)

 

 

Company

Cmp

% chg

Gainers

 

 

Dishman

301.50

8.38

GRUH

408.00

9.99

Edelweiss

157.25

7.71

Muthootfin

377.40

7.52

Losers

 

 

Bharatfin

804.154

-3.63

NLCIndia

104.55

-3.55

Unitech

5.43

-3.21

SREINFRA

82.95

-3.04

INDEX PERFORMANCE

 

 

Index

Close

% Chg

Sensex

29,531.43

0.41

Nifty

9,143.80

0.47

Crporate Front: Foreign investors are set for their biggest monthly purchases of Indian equities in four years in March, but analysts expect inflows to moderate after a major overhaul of tax rules kicks in on April 1.Market participants estimate about one-third of the inflows of $3.6 billion seen this month - the biggest since February 2013 - were linked to buying ahead of the implementation of the General Anti-Avoidance Rules (GAAR).

 

Macroeconomic front:

Finance Minister ArunJaitley said that the tax rates will be kept at the current levels so as not to have any inflationary impact, reported PTI. Introducing four bills to give effect to the Goods and Services Tax (GST), Jaitley said the legislations will have to be passed by Parliament and one by each of the state assemblies to turn India into one market with a single tax rate.

 

On the global front:

On the global front, European markets were trading in green, on Wednesday, as investors looked to London and Brussels and the start of Britain's much-anticipated Brexit proceedings. Back home, in scrip specific development, Kalpataru Power Transmission (KPTL) edged higher after the company secured new orders exceeding Rs 1200 crore and Talwalkars Better Value Fitness (TBVF) surged after the company inaugurated its 10 Zorba - renaissance studios.

Commodity Updates:

Commodity Prices (MCX):

Commodity

Rs

% Chang

Gold

28674.00

-0.6

Silver

422118.00

-0.64

Crude oil

3165.00

-0.06

Natural Gas

208.80

0.88

Alluminium

125.40

-0.52

Copper

382.65

-0.65

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Telecom up by 1.46%, Bankex up by 0.77%, Capital Goods up by 0.77%, PSU up by 0.75% and Metal up by 0.74%, while Realty down by 0.36%, Healthcare down by 0.24%, Oil & Gas down by 0.16% were the top losing indices on BSE.

Top Nifty Movers:The top gainers on Nifty were BhartiInfratel up by 4.90%, SBI up by 2.46%, Eicher Motors up by 1.88%, Hindalco up by 1.74% and HCL Tech up by 1.64%. On the flip side, Grasim Industries down by 0.91%, Sun Pharma down by 0.90%, Mahindra & Mahindra down by 0.83%, Kotak Mahindra Bank down by 0.62% and AurobindoPharma down by 0.59% were the top losers.

 

Global Signals:

Asian markets were trading mostly in green; KOSPI Index increased 3.67 points or 0.17% to 2,166.98, Nikkei 225 increased 14.61 points or 0.08% to 19,217.48, Jakarta Composite increased 34.72 points or 0.63% to 5,575.92 and Hang Seng increased 46.18 points or 0.19% to 24,392.05. On the flip side, Taiwan Weighted decreased 20.2 points or 0.2% to 9,856.25, Shanghai Composite decreased 11.63 points or 0.36% to 3,241.31 and FTSE Bursa Malaysia KLCI decreased 5.41 points or 0.31% to 1,749.01.

All European markets were trading in green; UK’s FTSE 100 increased 12.37 points or 0.17% to 7,355.79, France’s CAC increased 18.58 points or 0.37% to 5,064.78 and Germany’s DAX increased 71.94 points or 0.59% to 12,221.36.

 

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.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

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

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

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%

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

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.

 

 

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us