Thursday, 23 November 2017

SENSEX OPENS HIGHER,NIFTY ABOVE 10,350 | TODAY STOCK MARKET OUTLOOK 24 NOV 2017.

INDEX MARKET LEVELS

SENSEX (24th NOV 2017) Trend : up Preopening Price : 33670.82 Gap up : 82.38 ( 0.24%) Support : 31300 -31700 Resistance: 32200 - 33750

NIFTY (24th NOV 2017) Trend : up Preopening Price : 10366.90 Gap up : 18.85 ( 0.17%) Support : 9825 - 9875 Resistance : 10300- 10550 

BANK NIFTY (24th NOV 2017)Trend : up Preopening Price: 25776.90 Gap up : 40.35 ( 0.16%) Support : 24000-24350 Resistance :25150-25850


Frontline indices began on a positive note, with the Nifty opening above 10,350-mark. Midcap index was trading at a record high, but at par with the benchmarks.

The Sensex was up 70.74 points at 33658.82, while the Nifty is up 23.00 points at 10371.80. The market breadth was positive as 641 shares advanced, against a decline of 227 shares, while 33 shares were unchanged.

Bajaj Auto, Cipla and Bharti Infratel gained the most on both indices, while HUL, Asian Paints, Zee Entertainment and HPCL were the top losers.

The Indian rupee opened flat at 64.58 per dollar on Friday versus previous close 64.58.

Bhaskar Panda of HDFC Bank said, "The dollar had lost some sheen yesterday after FOMC minutes cautious about inflation. In Indian markets, the rupee gained on the hopes of a favourable S&P decision after Moody's upgraded India ratings."

Expect USD-INR pair to trade within a range of 64.50-64.70 today with a further appreciation bias."

Asian markets were mixed, following a relatively quiet overnight trading session as U.S. markets had been closed for the Thanksgiving holiday. Investors also kept an eye on Chinese markets, which bounced back after taking a tumble in the last session.

Wednesday, 22 November 2017

SENSEX, NIFTY TRADE FLAT AFTER OPENING HIGHER | TODAY STOCK MARKET OUTLOOK 23 NOV 2017.


Equity benchmarks opened mildly higher on Thursday but immediately erased those gains to trade flat. Investors closely watch crude oil prices movement and other global cues due to lack of domestic cues.

The 30-share BSE Sensex was down 23.63 points at 33,537.92 and the 50-share NSE Nifty fell 4.80 points to 10,337.50.

About 719 shares advanced against 409 declining shares on the BSE.

Bharti Airtel, Bosch, Bharti Infratel, Infosys and Power Grid were early gainers.

Dr Reddy's Labs, UltraTech Cement, Asian Paints, Zee Entertainment and Axis Bank were early losers.

ICICI Prudential Life, HDFC Standard Life and SBI Life were under pressure, falling 2-4 percent.
Quess Corp plunged 6 percent as Thomas Cook (up 4.5 percent) is selling some stake in the company.PC Jeweller, VIP Industries and ACE gained 2-4 percent.

Tuesday, 21 November 2017

SENSEX RISES 100 PTS, NIFTY RECLAIMS 10,350 AT OPEN | TODAY STOCK MARKET NEWS OUTLOOK 22 NOV 2017.




SENSEX (22th NOV 2017) Trend : up Preopening Price : 33569.07 Gap up : 90.72 ( 0.27%) Support : 31300 -31700 Resistance: 32200 - 33750 

NIFTY (20th NOV 2017) Trend : up Preopening Price : 10350.80 Gap up : 23.90 ( 0.23%) Support : 9825 - 9875 Resistance : 10300- 10550

BANK NIFTY (22th NOV 2017) Trend : up Preopening Price: 25805.65 Gap up : 48.15 ( 0.19%) Support : 24000-24350 Resistance :25150-25850 



Equity benchmarks started off trade on a positive note, with the Nifty reclaiming 10,350 level, tracking positive lead from Asian peers.

The 30-share BSE Sensex was up 95.75 points at 33,574.10 and the 50-share NSE Nifty gained 29.80 points at 10,356.70.

About 803 shares advanced against 291 declining shares on the BSE.

Yes Bank, NTPC, Ambuja Cements, Zee Entertainment, Reliance Industries, Tata Motors and Bosch were early gainers.

Bata, Liberty Shoes, Relaxo Footwears, Superhouse and Mirza International gained 1-5 percent as sources told CNBC-TV18 that cabinet may consider package for leather sector today.

Future Retail, TeamLease Services, NCC, BGR Energy Systems and DHFL rallied 2-7 percent.

Asia markets traded higher, taking overnight cues from Wall Street where stocks rose to record highs.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Monday, 20 November 2017

SENSEX GAINS 100 PTS,NIFTY ABOVE 10,300 AT OPEN | TODAY STOCK MARKET REPORT 21 NOV 2017.


STOCK MARKET NEWS


CAPITAL WAYS FINANCIAL SERVICES
Equity benchmarks opened higher on Tuesday, continuing up move for fourth consecutive session while the broader markets also participated in rally, backed by positive global cues.

The 30-share BSE Sensex was up 109.13 points at 33,469.03 and the 50-share NSE Nifty rose 30 points to 10,328.80.

About 892 shares advanced against 258 declining shares on the BSE.

Yes Bank, Reliance Industries, Vedanta, Cipla, Wipro, Tech Mahindra, Tata Motors, Bajaj Finance and Bharti Airtel were early gainers while TCS, L&T and NTPC were losers.

SKM Egg and Venkys gained 4-11 percent.

L&T Finance Holdings fell 3 percent after big block deals.

Jet Airways fell 4 percent post analysts meet.

Quess Corp was up 8 percent after acquisition of 51 percent equity stake in Tata Business Support Services Limited.

Thursday, 16 November 2017

SENSEX UP 400 PTS,NIFTY BANK AT NEW HIGH | TODAY STOCK MARKET NEWS OUTLOOK 17 NOV 2017.

STOCK MARKET NEWS

Nifty tips
Bulls continued to keep tight control over Dalal Street for second consecutive session as the Sensex rallied nearly 400 points, driven by banks after Moody's upgraded the Government of India's local and foreign currency issuer ratings.

The 30-share BSE Sensex was up 396.36 points or 1.20 percent at 33,503.18 and the 50-share NSE Nifty gained 117.10 points or 1.15 percent at 10,331.90.

Nifty Bank hit fresh record high as Moody's Investors Service has today upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive.

Moody's has also upgraded India's local currency senior unsecured rating to Baa2 from Baa3 and its short-term local currency rating to P-2 from P-3.

The decision to upgrade the ratings is underpinned by Moody's expectation that continued progress on economic and institutional reforms will, over time, enhance India's high growth potential and its large and stable financing base for government debt, and will likely contribute to a gradual decline in the general government debt burden over the medium term.

Vijaya Bank, PNB, Bank of Baroda, IDBI Bank, Just Dial, Edelweiss Financial, Petronet LNG, Suzlon Energy, Religare Enterprises, L&T Finance, Indiabulls Real, DLF, Nitesh Estates and Puravankara rallied 2-10 percent.

Wednesday, 15 November 2017

SENSEX REBOUNDS 100 PTS,NIFTY RECLAIMS 10,150 | TODAY STOCK MARKET NEWS OUTLOOK 16 NOV 2017.

MARKET LEVELS UPDATE

SENSEX (16th NOV 2017) Trend : up Preopening Price : 32829.82 Gap up : 69.38 ( 0.21%) Support : 31300 -31700 Resistance: 32200 - 33750

NIFTY (16th NOV 2017) Trend : up Preopening Price : 10152.90 Gap up : 34.85 ( 0.34%) Support : 9825 - 9875 Resistance : 10300- 10550 

BANK NIFTY (16th NOV 2017)Trend : up Preopening Price: 25292.90 Gap up : 74.00 ( 0.29%) Support : 24000-24350 Resistance :25150-25850



Equity benchmarks rebounded on Thursday after seeing a fall for previous three consecutive sessions, backed by beaten down stocks. Asian markets barring China also traded higher.

The 30-share BSE Sensex was up 96.78 points at 32,857.22 and the 50-share NSE Nifty gained 29 points at 10,147.

Bharti Infratel rallied 2 percent after 8 percent fall in previous two straight sessions.

Aurobindo Pharma, Tata Motors, Ambuja Cements, Tata Steel, Reliance Industries and SBI were early gainers while Coal India, HUL, HCL Technologies and GAIL were under pressure.

Nifty Midcap was up 0.4 percent.

Jubilant Foodworks was up 1.5 percent as brokerage houses remained positive on the stock.

Anil Dhirubhai Ambani Group stocks like Reliance Communications, Reliance Power and Reliance Capital extended losses, falling 2-4 percent but Reliance Nippon gained 3 percent.

Religare Enterprises added another 10 percent today, on top of 10 percent rally seen in previous session.Westlife Development, TD Power, New India Assurance, Speciality Restaurants, Jain Irrigation, Manappuram Finance, HDIL, Just Dial, MMTC and Hindustan Copper gained 1-5 percent.
         

Thursday, 9 November 2017

NIFTY OPENS BELOW 10300, SENSEX MILDLY LOWER | TODAY STOCK MARKET OUTLOOK 10 NOV 2017.

INDEX MARKET UPDATE

SENSEX (10th NOV 2017) Trend : up Preopening Price : 33230.30 Gap up : 11.49 ( 0.03%) Support : 31300 -31700 Resistance: 32200 - 33750

NIFTY (10th NOV 2017) Trend : up Preopening Price : 10304.40 Gap up: 1.25 ( 0.01%) Support : 9825 - 9875 Resistance : 10300- 10550 

BANK NIFTY (10th NOV 2017)Trend : up Preopening Price: 25291.35 Gap up : 107.00 ( 0.42%) Support : 24000-24350 Resistance :25150-25850


Equity benchmarks opened mildly lower on last day of the week Friday, with the Nifty falling below 10,300 level. Investors focussed on GST meet outcome and SBI earnings later today.

The 30-share BSE Sensex was down 67.70 points at 33,183.23 and the 50-share NSE Nifty fell 24.80 points to 10,284.20.

Aurobindo Pharma, Jindal Steel, SBI and HUL were mildly higher. Tata Motors, M&M, BPCL, Bosch, Motherson Sumi, Axis Bank and Hero MotoCorp were early losers.

Just Dial was up 11% as media report indicated that Google is in talks with the Mumbai-based service engine to acquire its business.SRF, TV Today and Aptech were losers. SAIL, CG Power, PTC, DFM Foods and Den Networks were gainers post earnings.