Tuesday 31 October 2017

SENSEX OPENS AT RECORD HIGH,UP 200 PTS,NIFTY HITS 10,400 | TODAY STOCK MARKET NEWS OUTLOOK 01 NOV 2017


Equity benchmarks as well as Nifty Bank started off Wednesday's trade with record highs, backed by banks, metals and telecom stocks. The rally was after the World Bank said India's rank on 'ease of doing business' scale has risen from 130th to 100th this year, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution

The 30-share BSE Sensex was up 209.28 points or 0.63 percent at 33,422.41 and the 50-share NSE Nifty rose 61.20 points or 0.59 percent to 10,396.50.

About 950 shares advanced against 202 declining shares on the BSE.

SBI, Bharti Airtel, Axis Bank, Yes Bank, Vedanta, Tata Steel and JSW Steel were early gainers.

Dredging Corporation, Syndicate Bank, Dabur India, VST Industries, Dwarikesh Sugar, Dalmia Bharat Sugar, Escorts, Sanofi India, Triveni Engineering, PNB, UCO Bank, Andhra Bank, Union Bank, IIFL Holdings, KPIT Technologies and InterGlobe Aviation rallied 11-10 percent. Container Corporation, Blue Star fell 2 percent each.


Monday 30 October 2017

NIFTY OPENS FLAT,MIDCAP OUTPERFORMS SENSEX | TODAY STOCK MARKET NEWS OUTLOOK 31 OCT 2017.


SENSEX (31 Oct 2017) Trend : up preopening Price :33254.86 Gap down:-0.03%, -11.20 Support :32000-32250 Resistance:33400-33800

BANK NIFTY (31 Oct 2017) Trend : up pre opening Price :25042.45 Gap up:- 0.21%, 53.55 Support :24250-24700 Resistance :25250-25700 

NIFTY (31 Oct 2017) Trend : up pre opening Price :10364.65 Gap up: 0.01% 1.25 Support :10000-10150 Resistance :10300-10450 



Equity benchmarks opened flat with a negative bias, led by some profit booking as investors looked for more earnings for cues.

The 30-share BSE Sensex was down 33.60 points at 33,232.56 and the 50-share NSE Nifty fell 11.50 points to 10,352.20.

SBI, IOC and HDFC were early gainers while Infosys was down over 2 percent post buyback.

ICICI Bank, GAIL, Coal India, Bharti Infratel, BPCL, Sun Pharma, Indiabulls Housing Finance and L&T were early losers.

Nifty Midcap index was up 0.3 percent on positive breadth as about two shares advanced for every share falling on the NSE.

Balaji Amines, LMW, Reliance Communications, Shriram Transport, Shriram City Union, Titan Company, Just Dial and Bharat Electronics rallied 2-10 percent.SPARC, IDFC Bank, Central Bank of India and Astra Microwave fell 1-4 percent.

Sunday 29 October 2017

SENSEX,NIFTY OPEN AT RECORD HIGH | TODAY STOCK MARKET NEWS UPDATE 30 OCT 2017.

ONGC, Bharti Infratel, SBI gainers

Equity benchmarks started off the week at record high, with the Nifty crossing earlier intraday record high. Investors continued to focus on earnings.
The 30-share BSE Sensex was up 117.35 points at 33274.57 and the 50-share NSE Nifty rose 45.80 points to 10,368.80.
ICICI Bank was down over a percent post earnings on profit booking. The stock seems to have already priced in earnings and better-than-expected slippages.
ONGC, Bharti Airtel, Tech Mahindra, HCL Technologies, Maruti Suzuki, Vedanta and Reliance Industries were early gainers.
About 1,030 shares advanced against 239 declining shares on the BSE.
The broader markets outperformed benchmarks as the BSE Midcap and Smallcap indices gained 0.7 percent each.
Punj Lloyd, United Spirits, Ramakrishna Forgings, Tata Metaliks, Linde India, Dalmia Bharat Sugar, Jet Airways, InterGlobe Aviation, SpiceJet, Shriram EPC, Shriram City and IDFC were up 1-7 percent.
SPARC and AU Small Finance were down 1-4 percent.


Thursday 26 October 2017

SENSEX ,NIFTY HIT RECORD HIGHS AT OPEN | TODAY STOCK MARKET OUTLOOK 27 OCT 2017.

INDEX MARKET LEVEL UPDATE

SENSEX (27th OCT 2017) Trend : up Preopening Price : 33266.70 Gap up : 119.57 ( 0.36%) Support : 31300 -31700 Resistance: 32200 - 33750

NIFTY (27th OCT 2017) Trend : up Preopening Price : 10361.45 Gap up: 17.65 ( 0.17%) Support : 9825 - 9875 Resistance : 10080- 10400 

BANK NIFTY (27th OCT 2017) Trend : up Preopening Price: 24887.60 Gap down : -134.60 (-0.54%) Support : 24000-24350 Resistance :24750-25250




The market started off last day of the week on a positive note as equity benchmarks hit fresh record highs but Nifty Bank fell over half a percent due to weak earnings from Yes Bank.

The 30-share BSE Sensex was up 83.71 points at 33,230.84 and the 50-share NSE Nifty rose 15.10 points or to 10,358.90.

Yes Bank plunged 10 percent post earnings while ICICI Bank was down 2.5 percent ahead of earnings later today.

ITC, Maruti and IOC gained ahead of earnings.

Tuesday 24 October 2017

NIFTY ABOVE 10,300, SENSEX UP 500 PTS | TODAY STOCK MARKET NEWS OUTLOOK 25 OCT 2017.

Banks lift benchmark indices to record high

INDEX MARKET LEVEL UPDATE

SENSEX (25th OCT 2017) Trend : up Preopening Price : 32995.28 Gap up : 387.94 ( 1.19%) Support : 31300 -31700 Resistance: 32200 - 33000

NIFTY (25th OCT 2017) Trend : up Preopening Price : 10321.15 Gap up: 113.45 ( 1.11%) Support : 9825 - 9875 Resistance : 10080- 10400 

BANK NIFTY (25th OCT 2017) Trend : up Preopening Price: 24980.65 Gap up : 758.50 ( 3.13%) Support : 24000-24350 Resistance :24750-25250
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Equity benchmarks hit historic highs in opening trade on Wednesday, driven by banks after the government announced Rs 2.11 lakh crore recapitalisation for PSU banks on asset quality worries.
The 30-share BSE Sensex was up 456.55 points or 1.40 percent at 33,063.89 and the 50-share NSE Nifty rose 104.80 points or 1.03 percent to 10,312.50.
HCL Technologies, Infosys, HDFC Bank, Kotak Mahindra Bank and Asian Paints were under pressure in early trade.
Can Fin Homes, M&M Financial, L&T Finance and Bharat Financial were down 1-2 percent.
UCO Bank, Bank of Baroda, Bank of India, Corporation Bank, Bank of Maharashtra and Union Bank rallied 15-20 percent.Shipping Corporation, KNR Construction, J Kumar Infra, Ashoka Buildcon, Sadbhav Engineering and Electrosteel Steels rallied up to 8 percent.

Monday 23 October 2017

NIFTY OPENS ABOVE 10,200 , SENSEX GAINS 100 PTS | TODAY STOCK MARKET NEWS OUTLOOK 24 OCT 2017.

INDEX LEVEL UPDATES

SENSEX (24th OCT 2017) Trend : up Preopening Price : 32621.96 Gap up : 115.24 ( 0.35%) Support : 31300 -31700 Resistance: 32200 - 32750

NIFTY (24th OCT 2017) Trend : up Preopening Price : 10218.55 Gap up: 33.70 ( 0.33%) Support : 9825 - 9875 Resistance : 10080- 10200 

BANK NIFTY (24th OCT 2017) Trend : up Preopening Price: 24141.95 Gap up : 53.05 ( 0.22%) Support : 24000-24350 Resistance :24750-25250




Equity benchmarks extended previous day's gains in opening on Tuesday, backed by positive Asian cues. Metals, technology, cement and select banks stocks gained strength.

The 30-share BSE Sensex was up 131.99 points at 32,638.71 and the 50-share NSE Nifty rose 22.00 points to 10,206.90.

Indiabulls Housing Finance, Ambuja Cements, BPCL, Zee Entertainment, Tata Steel and UltraTech Cement were early gainers.

Ahead of earnings later today, Infosys was up 0.6 percent while HDFC Bank was flat.

Bharti Infratel, Sun Pharma, Bajaj Finance, HCL Technologies and Mahindra & Mahindra were losers in early trade.

Nifty Midcap was up 0.2 percent.

Zuari Agro Chemicals, S Chand, Rico Auto, Saregama India, Jaiprakash Associates, NIIT Technologies, NIIT, Sobha, Puravankara, Godrej Properties and Brigade Enterprises gained 1-6 percent.

The Indian rupee continued hovering around 65 against the US dollar. It has opened higher by 4 paise at 64.97 a dollar on Tuesday.
 

Thursday 12 October 2017

NIFTY OPENS ABOVE 10,100 , SENSEX UP 100 PTS | TODAY STOCK MARKET NEWS OUTLOOK 13 OCT 2017.

MARKET LEVELS UPDATE

SENSEX (13th OCT 2017) Trend : up Preopening Price : 32247.74 Gap up : 65.52 ( 0..20%) Support : 31300 -31700 Resistance: 32200 - 32550

NIFTY (13th OCT 2017) Trend : up Preopening Price : 10123.70 Gap up: 27.30 ( 0.27%) Support : 9825 - 9875 Resistance : 10080- 10200 

BANK NIFTY (13th OCT 2017) Trend : up Preopening Price: 24411.10 Gap up : 49.85( 0.20%) Support : 24000-24350 Resistance :24750-25250
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Equity benchmarks extended previous day's gains in opening, with the Nifty reclaiming 10,100 level and inching towards its record high level.

The rally was driven by Reliance Industries and Bharti Airtel.

The 30-share BSE Sensex was up 113.08 points at 32,295.30 and the 50-share NSE Nifty rose 31.40 points to 10,127.80.

Bharti Airtel was up 6 percent, Tata Teleservices up 9 percent and Tata Communications up 2 percent after Airtel decided to buy consumer telecom business of Tata Sons. Bharti Infratel was up 3 percent.

Reliance Industries gained a percent ahead of second quarter earnings later today.

Shriram EPC rallied 15 percent post bagging of multiple orders.

Bharat Financial and IndusInd Bank gained 0.4 percent each ahead of IndusInd's board meeting on Saturday.

Nifty Midcap was up 0.3 percent as about three shares advanced for every share falling on the NSE.

BHEL, EON Electric, LEEL Electricals, Indian Toners, Aimco Pesticides, Indo Count, Teamlease, NBCC, Adani Transmission, Cyient, MCX (ahead of Q2 earnings later today), Manappuram Finance and DHFL gained 1-10 percent.

The Indian rupee started off last day of the week at Rs 64.95 against the US dollar, continuing the appreciation further.

It gained 13 paise compared with previous closing value of 65.08 per dollar.

Wednesday 11 October 2017

NIFTY OPENS ABOVE 10K , SENSEX MILDLY HIGHER | TODAY STOCK MARKET NEWS OUTLOOK 12 OCT 2017.

MARKET LEVEL UPDATE

SENSEX (12th OCT 2017) Trend : up Preopening Price : 31910.45 Gap up : 56.18 ( 0.18%) Support : 31300 -31700 Resistance: 32200 - 32550

BANK NIFTY (12th OCT 2017) Trend : up Preopening Price: 24151.45 Gap up : 44.00 ( 0.18%) Support : 24000-24350 Resistance :24750-25250 

NIFTY (12th OCT 2017) Trend : up Preopening Price : 10010.60 Gap up: 15.65 ( 0.13%) Support : 9825 - 9875 Resistance : 10080- 10200



Equity benchmarks opened mildly higher on Thursday, seeing a rebound after yesterday's sell-off.

The 30-share BSE Sensex was up 60.51 points at 31,894.50 and the 50-share NSE Nifty gained 29 points at 10,013.80. About three shares advanced for every share falling on the BSE.

Bharti Infratel, GAIL, Sun Pharma, Vedanta, Reliance Industries, L&T, Hindalco Industries, IOC, BPCL, Lupin, TCS and HPCL were early gainers while Coal India, Bharti Airtel, Cipla, ICICI Bank and Asian Paints were losers.

The broader markets outperformed benchmarks in opening. Nifty Midcap was up 0.6 percent or 100 points.Indiabulls Real Estate, MMTC, State Trading Corporation, Majesco, GM Breweries, FACT, LT Foods and Kaveri Seeds gained 2-10 percent while Lakshmi Vilas Bank lost 5 percent post higher slippages in Q2.

Tuesday 10 October 2017

SENSEX OPENS 100 PTS HIGHER TO RECLAIM 32K ,NIFTY NEARS 10,050 | TODAY STOCK MARKET OVERVIEW 11 OCT 2017.

MARKET LEVELS UPDATE

NIFTY (11th OCT 2017) Trend : up Preopening Price : 10042.60 Gap up: 25.65 ( 0.26%) Support : 9825 - 9875 Resistance : 10080- 10200

SENSEX (11th OCT 2017) Trend : up Preopening Price : 31975.59 Gap up : 51.18 ( 0.16%) Support : 31300 -31700 Resistance: 32200 - 32550 

BANK NIFTY (11th OCT 2017) Trend : up Preopening Price: 24411.45 Gap up : 64.00 ( 0.26%) Support : 24000-24350 Resistance :24750-25250 

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Equity benchmarks extended yesterday's gains in opening trade, with the Nifty reclaiming 10,050 level ahead of earnings season that will be kicked off by TCS on Thursday.

The 30-share BSE Sensex was up 96.14 points at 32,020.55 and the 50-share NSE Nifty gained 28.60 points at 10,045.55.

Bharti Infratel, Bharti Airtel, Idea Cellular, GAIL, Petronet LNG, Vedanta, Aurobindo Pharma, NTPC and ONGC were early gainers while Yes Bank and Kotak Mahindra Bank were under pressure.

Nifty Midcap was up 0.6 percent on strong market breadth.

Adani Transmission, Uttam Galva, Lumax, Praj Industries, Mawan Sugars, RCF, National Fertilisers and GSFC gained 2-9 percent while Punj Lloyd fell 2 percent.

The Indian rupee opened higher at 65.22 per dollar against previous close of 65.28.Asia markets rose today, taking cues from signs of confidence in the US.

Sunday 8 October 2017

SENSEX,NIFTY OPEN FLAT | TODAY STOCK MARKET REPORT 09 OCT 2017.

MARKET NEWS REPORT

Equity benchmarks as well as broader markets were flat in opening trade despite positive Asian cues.

The 30-share BSE Sensex was down 12.67 points at 31,801.55 and the 50-share NSE Nifty fell 7.90 points to 9,971.80.

About two shares advanced for every share falling on the BSE.



SPARC plunged 13 percent as Baclofen GRS did not meet primary end point in placebo controlled studies. Bacoflen is a muscle relaxer used to treat symptoms caused by Multiple Sclerosis.

TBZ, Titan Company, Sobha, Shakti Pumps, Speciality Restaurants and Jaiprakash Associates rallied 2-6 percent. Adani Enterprises, OBC and VA Tech were down 2-4 percent.

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Thursday 5 October 2017

NIFTY RECLAIMS 9900 IN OPENING TICK, SENSEX GAINS 100 POINTS | TODAY STOCK MARKET NEWS OUTLOOK 06 OCTOBER 2017.

MARKET LEVELS UPDATE

SENSEX (6th OCT 2017) Trend : up Preopening Price : 31633.34 Gap up : 41.31 ( 0.13%) Support : 31300 -31700 Resistance: 32200 - 32550

NIFTY (6th OCT 2017) Trend : up Preopening Price : 9908.15 Gap up: 19.45 ( 0.20%) Support : 9825 - 9875 Resistance : 10080- 10200 

BANK NIFTY (6th OCT 2017) Trend : up Preopening Price: 24083.55 Gap up : 25.50 ( 0.11%) Support : 24000-24350 Resistance :24750-25250

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Frontline indices began the session on a positive note, with the Nifty reclaiming 9900 in the opening tick.

The Sensex was up 51.66 points at 31643.69, while the Nifty was up 22.75 points at 9911.45. The market breadth was positive as 454 shares advanced against a decline of 132 shares, while 22 shares were unchanged.

Midcaps continued their outperformance from the previous sessions, while metals led the charts among sectoral indices.

ONGC, Tata Steel and GAIL were the top gainers, while Tata Motors, Tata Motors DVR and Zee Entertainment lost the most.

Asian stocks rose on Friday after optimism over US tax reform plans lifted Wall Street shares to new highs, while the dollar hovered near a seven-week peak following additional indications of solid economic growth.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, poised for a 1.4 percent gain on the week.

Japan's Nikkei climbed 0.3 percent, Australian stocks rose 0.7 percent and South Korea's KOSPI advanced 0.9 percent.

US stocks notched record closing highs again on Thursday as investors cheered increased prospects for a tax overhaul with Congress moving closer to agreement on a budget resolution.

Wednesday 4 October 2017

SENSEX OPENS ON A FLAT NOTE,NIFTY ABOVE 9900 | TODAY STOCK MARKET NEWS REPORT 05 OCT 2017.

MARKET LEVELS UPDATE

SENSEX (5th OCT 2017) Trend : up Preopening Price : 31725.85 Gap up : 54.14 ( 0.17%) Support : 31300 -31700 Resistance: 32200 - 32550

NIFTY (5th OCT 2017) Trend : up Preopening Price : 9927.30 Gap up: 12.10 ( 0.12%) Support : 9825 - 9875 Resistance : 10080- 10200

BANK NIFTY (5th OCT 2017) Trend : up Preopening Price: 24114.75 Gap up : 1.45 ( 0.01%) Support : 24000-24350 Resistance :24750-25250

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Frontline indices on Thursday opened on a flat note, with the Nifty trading above 9900-mark in the opening tick. 

The Sensex was up 48.81 points at 31720.52, while the Nifty was up 11.30 points at 9926.20. The market breadth was positive as 296 shares advanced against a decline of 110 shares, while 18 shares were unchanged.

In the broader markets, midcaps have outperformed the frontline indices, while on a sectoral level, Nifty Bank, IT and infra are flat with a negative bias.

Mahindra and Mahindra, HUL and Reliance were the top gainers, while NTPC, Wipro, Bharti Infratel and Tata Motors lost the most.

The Indian rupee opened lower at 65.09 per dollar on Thursday versus previous close 65.01.

Mohan Shenoi of Kotak Mahindra Bank said, "Rupee has gained from exporter participation and revival of carry trades post RBI announcing status quo on interest rates. USD-INR trading range for the day is seen between 64.90-65.20."

He further added, "Rising trajectory of CPI, status quo on RBI policy, reduction in SLR and HTM holdings by banks and worries on Fed's unwinding plans has made local bond market bearish."

"10-year yield has jumped up to 6.70 percent following lack of cues from RBI for further rate cuts. 6.79% GoI 2027 expected trading range for the day is 6.69-6.73 percent," he said.

Asian shares were a tad firmer on Thursday, taking their cues from strong US data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the U.S. economy are likely to keep investors cautious.

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat while Japan's Nikkei ticked up 0.1 percent.

In Asia on Thursday, trade is expected to remain subdued with China, Hong Kong and South Korea closed for public holidays and analysts cautioning against reading too much into index moves.

Wall Street's three major stock indexes rallied to fresh highs on Wednesday as did MSCI's all-country world stock index .

US stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added to signs of strength in the economy and prospects for earnings.

It was the third straight session where all three major indexes hit record closing highs, though the small-cap Russell 2000 broke its string of eight all-time high finishes, ending down 0.3 percent.

Tuesday 3 October 2017

SENSEX ,NIFTY OPEN FLAT AS STREET AWAITS CUES FROM RBI MPC MEET | TODAY STOCK MARKET OVERVIEW 04 OCT 2017.

MARKET LEVELS UPDATE
SENSEX (4th OCT 2017) Trend : up Preopening Price : 31522.17 Gap up : 24.79 ( 0.08%) Support : 31300 -31700 Resistance: 32200 - 32550

NIFTY (4th OCT 2017) Trend : up Preopening Price : 9884.30 Gap up: 24.80 ( 0.25%) Support : 9825 - 9875 Resistance : 10080- 10200 

BANK NIFTY (4th OCT 2017) Trend : up Preopening Price: 24124.15 Gap up : 20.75 ( 0.09%) Support : 24000-24350 Resistance :24750-25250

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Equity benchmark indices opened on a mildly positive note as the Street is seen waiting for the Reserve Bank of India’s MPC meet outcome later in the day.

The Sensex was up 23.25 points at 31520.63, while the Nifty was up 12.45 points at 9871.95. The market breadth was positive as 555 shares advanced against a decline of 186 shares, while 37 shares were unchanged.

Midcaps outperformed the frontline indices, while on the sectoral front, metals took a hit. Positive moves were seen in auto, FMCG and energy stocks.

ITC, Hero MotoCorp, HPCL and IOC were the top gainers, while Bajaj Auto, Tata Motors DVR and Coal India lost the most.

The Indian rupee opened higher by 14 paise at 65.36 per dollar on Wednesday versus previous close 65.50.

Pramit Brahmbhatt of Veracity said, "After consolidation, the rupee will trade with a neutral to negative bias. I expect the USD-INR pair to trade in a range of 65.20-65.80."

Dollar eased in trade as the rally triggered by strong US data fizzled on speculation that US president Donald Trump's choice for the next Fed chair may be a less hawkish candidate than previously thought.

In global markets, Asia is set for a mixed trading day on Wednesday, even after US equities closed higher overnight.

In Japan, the Nikkei 225 was up 0.23 percent at 20,662.48 in early trade and the Topix index advanced 0.1 percent.

US stocks closed higher on Tuesday, building on strong gains from their previous session.

The Dow Jones industrial average rose 84.07 points to 22,641.67, setting intraday and closing records, with 3M contributing the most to the gains. The 30-stock index also posted a five-day winning streak.

The S&P 500 finished 0.2 percent higher at 2,534.58 and notched a record close; it also rose for the sixth straight session. Airline stocks Delta and United Continental were the best performers in the S&P, advancing 6.6 percent and 6.1 percent, respectively.

Monday 2 October 2017

SENSEX OPENS 300 PTS HIGHER,NIFTY ABOVE 9850 | TODAY STOCK MARKET NEWS 03 OCT 2017.

MARKET LEVELS UPDATE

NIFTY (3RD OCT 2017) Trend : up Preopening Price : 9890.95 Gap up: 102.25 ( 1.07%) Support : 9825 - 9875 Resistance : 10080- 10200

SENSEX (3RD OCT 2017) Trend : up Preopening Price : 31507.80 Gap up : 224.0 ( 0.27%) Support : 31300 -31700 Resistance: 32200 - 32550 

BANK NIFTY (3RD OCT 2017) Trend : up Preopening Price: 24200.60 Gap up : 147.60 ( 0.61%) Support : 24000-24350 Resistance :24750-25250

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Equity benchmarks opened sharply higher, tracking positive global cues and strong auto sales data.

The 30-share BSE Sensex was up 301.40 points or 0.96 percent at 31,585.12 and the 50-share NSE Nifty gained 84 points or 0.86 percent at 9,872.60.

Tata Motors, Eicher Motors, Hero Motocorp, Dr Reddy's Labs, Bank of Baroda and BPCL rallied 1-6 percent.

Nifty Midcap rallied 1 percent on strong breadth. About five shares advanced for every share falling on the NSE.

Jaiprakash Associates, Jaypee Infratech, Peninsula Land, PNC Infratech, L&T Finance, TVS Motor, VIP Industries, Havells and Manappuram Finance rallied 2-10 percent.

Reliance Communications plunged 6 percent and Tourism Finance fell nearly 3 percent.Asia markets were mostly higher post US equities closing at record highs overnight.