May 09, 2014, 09.27 AM IST
Market may
open on negative to flat: Way2Wealth
According to Way2Wealth, the markets may open on a negative to flat note.
According to Way2Wealth, the markets may open on a negative to flat note.
The market ended in green, after paring initial
gains in volatile trade amid nervousness in markets ahead of Lok Sabha
elections results on May 16. Consumer durables, banking, auto and sectors
gained, while realty and FMCG counters came under pressure. TRADING TIPSThe markets may open on a negative to flattish note, tracking muted trends seen in other Asian markets following benign inflation data from China and weak cues from Wall Street. On the domestic front the markets will be driven by ongoing elections, FII inflows and earnings.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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May 08, 2014, 09.15 AM IST
Support for Nifty at 6600-6620: SMC Global Securities
According to SMC Global Securities, support for Nifty is seen at 6600-6620 while resistance is seen at 6700-6720.
Support for Nifty at 6600-6620: SMC Global Securities
According to SMC Global Securities, support for Nifty is seen at 6600-6620 while resistance is seen at 6700-6720.
Domestic markets opened on the negative note
following the weak global cues and shut the trade lower after two days winning
streak. Moreover, markets extended losses in the later half on account of major
selling witnessed in the technology stocks which registered over 2 percent
loss. However, the broader indices outperformed the benchmark indices as mid
cap and small cap ended marginally higher. STOCK NIFTY TIPSIn the currency, the rupee manages to trade at four-week highs taking cues from dollar's broad weakness globally. Likely dollar bids by state-owned banks expected to limit further gains. On the global front, Asian markets sell-off with Japan index were lead the declines. The Nikkei fell to its lowest level since April 16 on a stronger yen.
Europe opened weak as mounting tensions in Ukraine weigh on sentiment.
Support for Nifty is seen at 6600-6620 while resistance is seen at 6700-6720.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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May 06, 2014, 09.36 AM IST
Nifty may
trade between 6670-6760: Magnum Equity Broking
According to Magnum Equity Broking, Nifty is expected to trade between 6760 and 6670 with positive biasness.
According to Magnum Equity Broking, Nifty is expected to trade between 6760 and 6670 with positive biasness.
Indian market edged higher on Monday, recovering
from a five-session losing streak as market heavyweights such as Reliance
Industries re-couped, although sentiment remained broadly weak ahead of the
conclusion of elections later this month. The Sensex closed 0.18 percent higher
at 22,445.12, while the Nifty closed 0.07 percent up at 6,699.35.US stocks advanced on Monday, with the Dow industrials coming back from a triple-digit deficit, as an upbeat read of the US services sector countered concern about conflict in Ukraine and growth in China. Asian stocks eked out slim gains on Tuesda
Global cues are mixed today, with them SGX Nifty is showing 26 points up move in morning trade indicating that Indian market would open upbeat today and Nifty is expected to trade between 6760 and 6670 with positive biasness STOCK TIPS
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May 05, 2014, 09.28 AM IST
Nifty to
trade between 6850-6950: Indira Securities
According to Indira Securities, for the week Nifty is likely to trade in the range between 6850-6950 on the upper side and 6550-6500 on the lower side.
According to Indira Securities, for the week Nifty is likely to trade in the range between 6850-6950 on the upper side and 6550-6500 on the lower side.
The market declined last week on profit booking,
triggered by the India Meteorological Department (IMD) on 24 April 2014,
announcing that the country will likely get below-normal levels of monsoon rain
this year. Key benchmark indices declined in all four trading sessions in the week.The S&P BSE Sensex fell 284 points or 1.25% to 22,403. The 50-unit CNX Nifty fell 88 points or 1.30% to 6,694.
For the week Nifty likely to trade in the range between 6850-6950 on the upper side and 6550-6500 on the lower side. NIFTY FREE TIPS
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Apr 29, 2014, 09.44 AM IST
Maruti,
Tata Motors, Wipro top picks: Citigroup
Aditya Narain, Citigroup says the brokerage house offers five comprehensive exposures to ride the global India story. “These include Indian subsidiaries of global companies, with Maruti as the top pick, foreign-listed firms with large India operations or business models, with Cognizant as the top pick,” he adds.
Aditya Narain, Citigroup says the brokerage house offers five comprehensive exposures to ride the global India story. “These include Indian subsidiaries of global companies, with Maruti as the top pick, foreign-listed firms with large India operations or business models, with Cognizant as the top pick,” he adds.
"India in DMs, where Standard Chartered is our top pick, DMs in India, where Wipro is our top pick and EMs in India, with Tata Motors as the top pick," says Narain. STOCK FUTURE TIPS
Also read: FII inflows unlikely to slow despite record high: Macquarie
Meanwhile, Bhuvnesh Singh, Barclays says EPS beats in Q4 were largely in financials, materials and IT. "Consensus expects BSE-100 earnings growth for FY15 of 16.6 percent Y-o-Y compared with 8.5 percent Y-o-Y for FY14. This would come on strong turnaround expectations in cyclical sectors compared with financials, industrials and materials," he adds.
Singh says the brokerage house expects downward revisions to consensus estimates to persist as the earnings season progresses.
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Apr 25, 2014, 09.31 AM IST
Nifty may
open gap down: ICICIdirect
According to ICICIdirect.com, Nifty is likely to open gap down on the back of negative global cues. The index is likely to trade in the range of 6840-6940.
According to ICICIdirect.com, Nifty is likely to open gap down on the back of negative global cues. The index is likely to trade in the range of 6840-6940.
On expiry day, the Nifty remained choppy and
lacklustre. However, towards the end, expiry movement was seen, which pushed it
to close after adding 25 points. Nifty rolls were at 58.81 percent, lower than
the 3M average of 64.63. Market wide rollover was at 79.22 percent, in line
with the 3M average of 80.59 percent.FIIs bought Rs 768 crore in the cash segment whereas DIIs sold Rs 534 crore. In index futures, FIIs were net buyers to the tune of Rs 1710 crore and Rs 1284 crore in index options. In stock futures, FIIs sold Rs 952 crore.
Highest Call base is seen at 7000 strike with 26 lakh shares. Highest Put base is at 6000 with over 25 lakh shares. The 6900, 7000 and 7200 Call strikes saw addition of nearly 6.23, 4.84 and 2.87 lakh shares respectively. On the other hand, majority of OTM Put strikes saw average addition of 2.40 lakh shares. NIFTY TIPS
The Nifty is likely to open gap down on the back of negative global cues. The index is likely to trade in the range of 6840-6940. The trading strategy would be to create shorts near 6910-6915 for targets of 6880 and 6860. On the other hand, one can enter longs if the index meets support near 6840 levels.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Apr 22, 2014, 09.27 AM IST
Indian rupee opens lower at 60.69 per dollar
The dollar-rupee market has been consolidating in a very narrow range ahead of the outcome of elections, and holiday shortened week, says Ashutosh Raina of HDFC Bank.
Indian rupee opens lower at 60.69 per dollar
The dollar-rupee market has been consolidating in a very narrow range ahead of the outcome of elections, and holiday shortened week, says Ashutosh Raina of HDFC Bank.
The Indian rupee opened with a marginal loss of
10 paise at 60.69 per dollar on Tuesday as against previous day's closing value
of 60.59 a dollra.The dollar held at two-week highs against a basket of major currencies after a subdued session overnight. The yen trades near a two week low of 102.71. STOCK TIPS
Ashutosh Raina of HDFC Bank says the dollar-rupee market has been consolidating in a very narrow range ahead of the outcome of elections, and holiday shortened week. "Lower FII inflows, good oil and usual demand from other sectors resulted in the pair coming off from its recent highs. The situation in Ukraine can have some bearish impact," he adds.
According to him, the range for rupee is seen between 60-61/dollar.
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Apr 16, 2014, 09.27 AM IST
Indian
rupee opens lower at 60.29 per dollar
Rupee is expected to trend mildly lower today amid rise in wholesale inflation which touched a 3-month high, says Himanshu Arora of Religare.
Rupee is expected to trend mildly lower today amid rise in wholesale inflation which touched a 3-month high, says Himanshu Arora of Religare.
The Indian rupee opened lower at 60.29 per
dollar on Wednesday, down 7 paise compared to previous closing value of 60.22 a
dollar.The dollar erased gains against the euro as traders discounted recent comments from European Central Bank policymakers.
The euro drifting up from one-week lows while the yen trades between 101.50 and 102.00, well within the previous session's range.
Also Read - 'Mar CPI not shocking; RBI may watch generalised inflation'
Himanshu Arora of Religare expects the rupee to trend mildly lower today amid rise in wholesale inflation which touched a 3-month high. "Also, the phase of short term correction in equities, which started yesterday could keep the rupee under pressure," he adds. STOCK FREE TIPS
According to him, further good demand for the greenback may be seen from oil importers in short term, supporting the US Dollar. "Range for the day is seen between 59.95-60.65/dollar,” he says.
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Apr 11, 2014, 09.22 AM IST
Gold near
2-1/2 week high; poised for best week in a month
GoldGold
set to log its best week in a month on weaker equities and increasing hopes
that the US Federal Reserve will hold off on tighter interest rates.
month on weaker equities and increasing hopes that the US Federal Reserve will hold off on tighter interest rates.
FUNDAMENTALS
* Spot gold eased 0.08 percent to $1,317.35 an ounce by 0025 GMT, after three straight days of gains. The precious metal is up 1.2 percent for the week.
* It hit a high of $1,324.40 on Thursday - its highest since March 24. MCX TIPS
* Gold investors were reassured by Wednesday's release of the Fed's March meeting minutes that showed policymakers were not keen on rising interest rates straight after the wind-down of bond purchases, as the markets had feared.
* GoldGold's safe-haven appeal was also boosted by the biggest one-day drop on Nasdaq since August 2011 on Thursday.
* SPDR GoldGold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.26 tonnes to 806.22 tonnes on Thursday.
* Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.
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Apr 07, 2014, 09.23 AM IST
Nifty may
trade between 6650-6760: Magnum Equity Broking
According to Magnum Equity Broking, Nifty is expected to tradetrade between 6760 and 6650 with sideways biasness.
According to Magnum Equity Broking, Nifty is expected to tradetrade between 6760 and 6650 with sideways biasness.
Indian
marketmarket posted their biggest fall in a month, ending down for a second
consecutive session on Friday and continuing to retreat from the record high
hit in the previous session as investors pared positions in blue chips such as
Reliance Industries .The benchmark Sensex fell 0.66 percent, or 149.57 points, to end at 22,359.50, marking its biggest single day fall since March 3. The broader Nifty lost 0.62 percent, or 41.75 points to end at 6,694.35, closing below the psychologically important 6700 level. It ended 0.02 percent lower for the week. NIFTY FREE TIPS
US stocks closed out the week with a big thud Friday, with the Nasdaq narrowly avoiding its worst one-day loss this year as momentum names got crushed for a second day. The Dow and S&P 500 finished far from their record highs hit earlier in the session. Asian stocks kicked off the week lower after a weaker-than-expected US jobs report triggered heavy losses on Wall Street at the end of last week.
Global cues are mixed today, with them SGX Nifty is showing just 8 points up tick in morning tradetrade indicating that Indian market may open flat today and Nifty is expected to trade between 6760 and 6650 with sideways biasness.
Disclaimer: The views and investmentinvestment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Mar 03, 2014, 09.20 AM IST
Indian rupee opens at 61.94 per dollar; down 18 paise
Indian rupee opens at 61.94 per dollar; down 18 paise
Expect rupee in a range of
61.75-62.15/USD for the day, says Agam Gupta of Standard Chartered.
The Indian rupee slipped in the early trade
today. It has opened lower by 18 paise at 61.94 per dollar versus 61.76 Friday.The Japanese yen rose across the board this morning, while investors gave risk currencies such as the Australian dollar a wide berth as Ukraine mobilised for war after Russia's President Vladimir Putin declared he had the right to invade the neighboring country.
The safe-haven Swiss Franc was also in favor, rising to its highest in over a year against the Euro. Earlier, the euro hit its highest level against the dollar this year on Friday. SHARE TIPS
Agam Gupta of Standard Chartered said, "Expect rupee in a range of 61.75-62.15/USD for the day."
"Exporters will look to sell on upticks while the nationalised bank demand will protect the downside for the pair," he added.
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Feb 28, 2014, 09.20 AM IST
Nifty may
open gap up: ICICIdirect.com
According to ICICIdirect.com, Nifty is likely to open gap up on the back of positive global cues. The index is likely to trade in the range of 6240-6340.
According to ICICIdirect.com, Nifty is likely to open gap up on the back of positive global cues. The index is likely to trade in the range of 6240-6340.
FIIs bought Rs 511 crore in the cash segment whereas DIIs sold Rs 252 crore. In index futures, FIIs were net buyers to the tune of Rs 1384 crore while buying Rs 868 crore in the options segment. In stock futures, FIIs sold Rs 367 crore.
Highest Call base is at 6300 strike with 35 lakh shares. Highest Put base is at 6100 Put with over 40 lakh shares. The 6200, 6300, 6400 Call strikes saw addition of nearly 6.31, 5.06, 7.22 lakh shares, respectively. On the other hand, 6100 and 6200 Put strikes saw addition of 10.25 and 13.92 lakh shares, respectively. NIFTY TIPS
The Nifty is likely to open gap up on the back of positive global cues. The index is likely to trade in the range of 6240-6340. The trading strategy would be to create shorts near 6311-6316 for targets of 6280 and 6260. On the other hand, one can enter longs if the index meets support near 6240.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Feb 26, 2014, 09.26 AM IST
Nifty may trade between 6150-6250: Magnum Equity Broking
According to Magnum Equity Broking, Nifty may trade between 6150-6250 with sideways biasness.
Nifty may trade between 6150-6250: Magnum Equity Broking
According to Magnum Equity Broking, Nifty may trade between 6150-6250 with sideways biasness.
The Sensex rose 0.2 percent, or 41.03 points, to end at 20,852.47. The Nifty gained 0.23 percent, or 13.95 points, to end at 6,200.05, closing just at the psychologically important 6,200 level.
European stocks closed mixed on Tuesday, with the basic resource sector pressured down due to concerns about China. US stocks declined on Tuesday, with the S&P 500 backing off from a record close, as investors weighed a decline in consumer confidence and better-than-expected earnings from home-improvement retailer Home Depot. NIFTY TIPS
Global cues are little subdued today with them SGX Nifty is showing 4 points cut in morning trade indicating that Indian market would open flat today and Nifty is expected to trade between 6250 and 6150 with sideways biasness.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Feb 25, 2014, 10.20 AM IST
BHEL
extends upmove, Bharti rebounds; Sensex maintains gain
Equity benchmarks maintained upmove with the Nifty holding the 6200 level supported by banks, technology and FMCG stocks. The rupee is gyrating around the 62 per dollar.
Equity benchmarks maintained upmove with the Nifty holding the 6200 level supported by banks, technology and FMCG stocks. The rupee is gyrating around the 62 per dollar.
The Sensex climbed 80 points to 20,891.44 and the Nifty rose 25.70 points to 6,211.80. The broader markets showed positive momentum too; the BSE Midcap and Smallcap indices advanced 0.66 percent and 0.5 percent, respectively.
Advancing shares outnumbered declining ones by a ratio of 1009 to 476 on the Bombay Stock Exchange. STOCK FREE TIPS
Gautam Shah of JM Financial said only on a close above 6190 do the bulls have some of the control taking the Nifty towards 6270-6300.
BHEL extended its upmove, rising 2 percent on top of a 4 percent rally in previous session while its rival L&T gained 0.3 percent. The buying in capital goods stocks may be in anticipation of good order growth post general elections.
Shares of Infosys, ICICI Bank, TCS, ITC, HDFC Bank, HDFC, Wipro, Sun Pharma and Tata Steel gained 0.5-1.4 percent.
However, NTPC fell another 1.5 percent following more than 11 percent loss in previous session on tariff norms. GAIL and Coal India declined 1.5 percent each.
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Feb 24, 2014, 09.15 AM IST
Indian
rupee opens flat at 62.10 per dollar
Expect rupee to trade in a range of 61.80-62.20/USD, says Agam Gupta of Standard Chartered.
Expect rupee to trade in a range of 61.80-62.20/USD, says Agam Gupta of Standard Chartered.
The euro holds steady against the dollar this morning, retaining NSE TIPS the gains from late last week as political unrest in Ukraine showed signs of settling down for the time being.
Also Read - CAD to come down to 2% of GDP this fiscal
Agam Gupta of Standard Chartered expects rupee to trade in a range of 61.80-62.20/USD.
"Nationalised banks will continue buying dollars and exporters will look to sell on any upticks," he added.
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Feb 21, 2014, 09.30 AM IST
Nifty may
trade range-bound between 6020-6130: Magnum
According to Magnum Equity Broking, Nifty is likely to trade range-bound between 6130 and 6020.
According to Magnum Equity Broking, Nifty is likely to trade range-bound between 6130 and 6020.
Indian market fell on Thursday to snap four
consecutive sessions of gains as blue-chips including ICICI Bank were hit by
profit-taking after regional markets were hit by a survey painting a grim
picture of China's manufacturing sector. The benchmark BSE Sensex closed 0.9
percent lower at 20,536.64 points, while the broader Nifty closed 1 percent
lower at 6,091.45 points.European stocks closed lower on Thursday, with sentiment remaining fragile after poor data from China and France, although the market trimmed some losses in afternoon trading after encouraging US manufacturing data. STOCK TIPS
US Stocks drifted higher to close at session highs Thursday, with the S&P nearing its all-time high, as investors seemed to shrug off a mixed bag of economic and earnings reports. Wall Street's upbeat performance overnight gave most Asian bourses a much-needed boost on Friday, after steep declines in the previous session.
Global cues are slightly positive today but SGX Nifty is showing 1 point cut in morning trade indicating that Indian market may open flat today and Nifty is likely to trade range-bound between 6130 and 6020.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Feb 20, 2014, 09.15 AM IST
Indian
rupee opens at 62.38 per dollar, down 18 paise
Bunched up FX inflows on account of holiday yesterday should support rupee which is expected to trade in a range of 62-62.35/USD, says Mohan Shenoi of Kotak Mahindra Bank.
Bunched up FX inflows on account of holiday yesterday should support rupee which is expected to trade in a range of 62-62.35/USD, says Mohan Shenoi of Kotak Mahindra Bank.
Indian rupee weakened marginally in early trade.
It opened lower by 18 paise at 62.38 per dollar as against Tuesday's closing of
62.20 a dollar.The dollar holds firm against a basket of major currencies, drawing support from minutes of the US Federal Reserve, which showed policymakers remained committed to reducing its massive stimulus at the current pace.
The euro was at USD 1.3731 pulling back from seven-week highs of USD 1.3773 against the greenback.
Mohan Shenoi of Kotak Mahindra Bank said RBI's announcement of providing adequate liquidity through term repo to neutralise advance tax outflows in March is expected to comfort bond market. "The 10-year yield is likely to trade in a range of 8.73-8.78 percent," he added. NIFTY TIPS
According to him, bunched up FX inflows on account of holiday on Tuesday should support rupee which is expected to trade in a range of 62-62.35/USD.
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Feb 19, 2014, 09.30 AM IST
See flat
to negative opening: Ventura Securities
According to Ventura Securities, market may open on flat to negative note on the back of mixed global cues.
According to Ventura Securities, market may open on flat to negative note on the back of mixed global cues.
Sensex, on Tuesday, rose by 170 points and
closed at 20,634, on the back of optimism that the government’s pledge to
narrow the fiscal gap to the lowest in seven years and duty-cut proposals will
revive economic growth.Among the stocks, Axis Bank , HDFC and ICICI Bank were the ones which advanced the most while among sector indices, Bankex, CG and Power ended on a positive note. Market breadth was positive with 1,407 advances against 1,234 declines.
Nifty was up by 54 points and closed at 6,127. Today we expect the markets to open on a flat to negative note on the back of mixed global cues. STOCK FREE TIPS
US markets ended on a mixed note with Dow Jones down by 0.2 percent while Nasdaq up by 0.7 percent, on the back of rising consumer signaling that the demand is fueling economic growth. Today, US markets will witness data releases on Building Permits, PPI and FOMC Meeting Minutes.
Asian markets are trading negative with Nikkei and Hang Seng down by 0.6 percent and 0.2 percent respectively. SGX Nifty is trading down by 2 points at 6,135.
Indian ADRs ended on a mixed note. Among financial ADRs, ICICI Bank and HDFC Bank were up by 2.7 percent and 1.9 percent respectively. Among IT ADRs, Wipro and Infosys were up by 0.4 percent and 0.9 percent respectively. Tata Motors was down by 1.3 percent.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Vote on Account: Rupee falls ahead of interim budget
The rupee is trading lower at 61.96/97 from its close of 61.9250/9350 on Friday ahead of the interim budget presentation due to start at 11 am
The rupee is trading lower at 61.96/97 from its close of 61.9250/9350 on Friday ahead of the interim budget presentation due to start at 11 am.Dealers largely expect Finance Minister P. Chidambaram to stick to his fiscal deficit aim of 4.8 pct this FY; will also look at market borrowing numbers for FY15. STOCK TIPS
"Big expenditure numbers will be negative for the rupee," says a dealer with a state-run bank.
Traders will also watch domestic stock and debt markets for clues on the direction of foreign fund flows.
Most Asian share markets edged higher on Monday in a nod to the resilience of Wall Street, but Japanese stocks struggled with both a stronger yen and a surprisingly weak reading on economic growth.
Feb 13, 2014, 09.15AM IST
See flat
to positive opening: Ventura Securities
According to Ventura Securities, market may open on flat to positive note on the back of mixed global cue.
According to Ventura Securities, market may open on flat to positive note on the back of mixed global cue.
Among the stocks, ICICI Bank , GAIL India and ONGC were the ones which advanced the most while among sector indices, CG, oil & gas and bankex ended on a positive note. Market breadth was, however, negative with 1,259 advances against 1,366 declines.
Nifty was up by 21 points and closed at 6,084. Today we expect the markets to open on a flat to positive note on the back of mixed global cues. STOCK NIFTY TIPS
US markets ended on a mixed note with Dow Jones down by 0.2 percent while Nasdaq up by 0.2 percent, as declines in companies from Procter & Gamble to Amazon.com overshadowed optimism about economic growth. Today, US markets will witness data releases on Core Retail Sales, Retail Sales and Unemployment Claims.
Asian markets are trading negative with Nikkei and Hang Seng down by 0.9 percent and 0.5 percent respectively. SGX Nifty is trading up by 9 points at 6,103.
Indian ADRs ended on a mixed note. Among financial ADRs, ICICI Bank was up by 1.6 percent while HDFC Ban k was down by 0.6 percent. Among IT ADRs, Wipro and Infosys were down by 0.5 percent and 0.2 percent respectively. Tata Motors was up by 0.5 percent.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Feb 11, 2014, 09.30AM IST
Indian rupee opens marginally higher at 62.37 per dollar
All currencies are moving in a very narrow range, including dollar-rupee pair. Expect the 62-63/USD range to continue, says Ashutosh Raina of HDFC Bank.
Indian rupee opens marginally higher at 62.37 per dollar
All currencies are moving in a very narrow range, including dollar-rupee pair. Expect the 62-63/USD range to continue, says Ashutosh Raina of HDFC Bank.
The dollar wallowed near a two-week low against a basket of major currencies early on Tuesday, following a subdued US session trade as markets hunkered down ahead of congressional testimony by new Federal Reserve Chief Janet Yellen.
Outperforming both the dollar and yen, the euro drifted up to near two-week highs of USD 1.3652 and 139.80 yen. STOCK TIPS
Also Read - Rupee to stay stable ahead, Nifty rangebound: HSBC India
Ashutosh Raina of HDFC Bank said the US jobs data has disappointed which has been followed by very calm and quiet markets. "Markets await Yellen's first testimony today. All currencies are moving in a very narrow range, including dollar-rupee pair," he added.
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Feb 10, 2014, 10.28 AM IST
Nifty
above 6050; Tata Motors up 1% ahead of Q3 nos
The benchmark index Nifty was trading flat on Monday reacting to mixed Asian cues. Japan's Nikkei share average rose to a one-week high, moving further away from a four-month low hit last week as gains on Wall Street and a softer yen underpinned sentiment.
The benchmark index Nifty was trading flat on Monday reacting to mixed Asian cues. Japan's Nikkei share average rose to a one-week high, moving further away from a four-month low hit last week as gains on Wall Street and a softer yen underpinned sentiment.
The Sensex was up 3.75 points or 0.02 percent at 20380.31, and the Nifty was up 3.30 points or 0.05 percent at 6066.50.The breadth of the market was positive. About 852 shares advanced, 569 shares declined, and 80 shares were unchanged.
Auto major Tata Motors will announce its third quarter earnings today. According to CNBC-TV18 poll, the company is expected to report 35 percent jump in its consolidated revenues to Rs 62109 crore from Rs 46090 crore, a year ago. The bottomline is estimated to double from Rs 1627 crore to Rs 3420 crore in third quarter. The operating profit margins are also expected to improve by 190 basis points to 14.1 percent. NIFTY TIPS
Top gainers in the Sensex were Tata Steel (up 1.51%), Sun Pharma (up 1.28%), Sesa Sterlite (up 1.21%), Dr Reddys Labs (up 1.19%) and Wipro (up 1.12%).
Bharti Airtel (down 1.74%), HDFC Bank (down 1.61%), NTPC (down 1.54%), GAIL (down 1.36%) and HUL (down 1.31%) were top losers.
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Feb 07, 2014, 09.26 AM IST
Indian
rupee opens higher at 62.27 per dollar
Indian rupee opened at 62.27 per dollar on Friday, up 10 paise compared to previous day's closing of 62.37 per dollar.
Indian rupee opened at 62.27 per dollar on Friday, up 10 paise compared to previous day's closing of 62.37 per dollar.
Indian rupee opened at 62.27 per dollar on
Friday, up 10 paise compared to previous day's closing of 62.37 per dollar.Pramit Brahmbhatt of Alpari India feels the spectrum sale has given enough impetus to rupee to strengthen from its weak zone and assurance from finance minister to stick to the proposed fiscal deficit will bring more cheer to rupee today. STOCK TRAIL TIPS
"A positive equity will also help, but concerns regarding Fed tapering impact on emerging markets will still keep some pressure on rupee. The range for the day seen between 62.02-62.83/USD," he added.
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Feb 05, 2014, 09.30 AM IST
See flat to positive opening: Ventura Securities
According to Ventura Securities, market may open on flat to positive note on the back of firm global cues.
See flat to positive opening: Ventura Securities
According to Ventura Securities, market may open on flat to positive note on the back of firm global cues.
US markets ended on a positive note with Dow Jones and Nasdaq up by 0.5 percent and 0.9 percent respectively, as investors assessed corporate earnings and data showing factory orders fell less than estimated in December. Today, US markets will witness data releases on ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI.
Asian markets are trading positive with Nikkei and Hang Seng up by 1.0 percent and 0.3 percent respectively. SGX Nifty is trading down by 20 points at 6,018. NSE BSE TIPS
Indian ADRs ended on a positive note. Among financial ADRs, ICICI Bank and HDFC Bank were up by 5.4 percent and 2.8 percent respectively. Among IT ADRs, Wipro and Infosys were up by 1.0 percent and 0.9 percent respectively. Tata Motors was up by 3.9 percent.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Feb 04, 2014, 10.15 AM IST
Rupee
falls; emerging markets under pressure
Emerging markets are under pressure after data showing US manufacturing activity slowed sharply raises risk aversion. The dollar index up 0.15 percent against a basket of six major currencies.
Emerging markets are under pressure after data showing US manufacturing activity slowed sharply raises risk aversion. The dollar index up 0.15 percent against a basket of six major currencies.
The rupee is trading at 62.72, down from
Monday's close of 62.56/57, after hitting as low as 62.83 earlier.Emerging markets are under pressure after data showing US manufacturing activity slowed sharply raises risk aversion. The dollar index up 0.15 percent against a basket of six major currencies.
Also read: EM crisis not caused by US Fed taper: Credit Suisse
"Probable RBI intervention and exporter selling may come above 63. Already some people are looking to sell above 62.80 levels," said Subramanian Sharma, director at Greenback Forex. STOCK TIPS
The BSE Sensex falls 1 percent, hitting its lowest intraday level since October 9
Foreign investors sold Indian shares worth a net USD 117.40 million on Monday, provisional exchange data shows, after selling a net USD 523 million in the previous six sessions.
Overseas funds sold a net USD 33.75 million in debt on Monday, the data showed.
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Jan 31, 2014, 09.22 AM IST
We expect a softening bias for the rupee with a range of 62.30-62.70/USD today. Good corporate hedging seen near the daily upper Bollinger at 62.78 - 62.88/USD range. This band is to be carefully tracked for any convincing breach which might see rupee beyond 63 levels, says Ashok Gautam of Axis Bank.
Indian rupee gained 17 paise to 62.39 against
the dollar in early trade on Friday. Yesterday the rupee closed at 62.56 to the
dollar.Dollar is at one-week high against a basket of major currencies. The euro slips to 1.35 levels.
Also Read - Provisions to go up if bad loans not resolved: RBI to banks
Ashok Gautam of Axis Bank said emerging market currencies have shown sharp weakness during the last few days. "The impact was seen on rupee also, which has weakened till 63.18 in the recent move," he added.STOCK TIPS
He expects a softening bias for the rupee with a range of 62.30-62.70/USD today. "Good corporate hedging seen near the daily upper Bollinger at 62.78 - 62.88/USD range. This band is to be carefully tracked for any convincing breach which might see rupee beyond 63 levels," he said.
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Jan 30, 2014, 10.26 AM IST
Nifty
slips below 6050, Sensex sheds 200 pts; Bharti up 2%
Michael Gapen of Barclays said as was widely expected, the Fed further reduced the pace of its asset purchases but made no mention of recent financial market volatility in its statement.
Michael Gapen of Barclays said as was widely expected, the Fed further reduced the pace of its asset purchases but made no mention of recent financial market volatility in its statement.
The Sensex is down 224.53 points to 20,422.77, and the Nifty falls 71.20 points to 6049.05. More than two shares declined for every share advancing on the BSE.
Michael Gapen of Barclays said as was widely expected, the Fed further reduced the pace of its asset purchases but made no mention of recent financial market volatility in its statement. NSE BSE TIPS
He continues to expect the Fed to reduce the pace of asset purchases by USD 10 billion per meeting through September, and then take a final USD 15 billion reduction in October to conclude QE3.
www.Shristocktips.com
Jan 29, 2014, 09.00 AM IST
Market to
open on positive note: Ventura
According to Ventura Securities, expect the markets to open on a positive note on the back of firm global cues.
According to Ventura Securities, expect the markets to open on a positive note on the back of firm global cues.
Nifty was down by 10 points and closed at 6,126. Today we expect the markets to open on a positive note on the back of firm global cues.
US markets ended on a positive note with Dow Jones and Nasdaq up by 0.6% and 0.4% respectively, as earnings at companies from Pfizer Inc. to D.R. Horton Inc. topped estimates and consumer confidence increased ahead of a Federal Reserve policy meeting.
Asian markets are trading positive with Nikkei and Hang Seng up by 1.8% and 1.0% respectively. SGX Nifty is trading up by 13 points at 6,150. Indian ADRs ended on a mixed note. Among financial ADRs, ICICI Bank and HDFC Bank were up by 1.1% and 0.6% respectively. Among IT ADRs, Wipro was up by 2.3% while Infosys was down by 0.3%. Tata Motors was up by 5.9%.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jan 28, 2014, 10.22 AM IST
Volatile
Nifty holds 6150; banks gain ahead of RBI policy
The market gained marginal strength today after a 666-point fall on the Sensex in previous two sessions. Interest rate sensitive stocks gained ground ahead of RBI policy.
The market gained marginal strength today after a 666-point fall on the Sensex in previous two sessions. Interest rate sensitive stocks gained ground ahead of RBI policy.
The market gained marginal strength today after
a 666-point fall on the Sensex in previous two sessions. Interest rate
sensitive stocks gained ground ahead of RBI policy.
The Sensex rose 60.90 points to 20,768.35, and the Nifty climbed 18.65 points to 6,154.50. The broader markets gained 0.7 percent as two shares advanced for every share declining on the BSE.
Country's largest lenders State Bank of India and ICICI Bank advanced 1 percent each while their rival Axis Bank too added 1 percent.
Housing finance company HDFC , top commercial vehicle maker Tata Motors , petrochemical major Reliance Industries and state-owned oil & gas company ONGC also gained 1 percent. FREE NIFTY TIPS
Maruti Suzuki soared nearly a percent ahead of its third quarter earnings today. Analysts expect profit after tax to fall 5 percent sequentially to Rs 636 crore while revenues are seen going up 4 percent Q-o-Q to Rs 10,900 crore in the quarter ended December 2013.
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Jan 27, 2014, 09.50 AM IST
Rupee hits
two-month low ahead of RBI policy review
The RBI to decide on rates on Tuesday. While the consensus still is towards no hike in policy rates, RBI chief Raghuram Rajan's comments will be closely watched for future rate trajectory after his recent hawkish comments.
The RBI to decide on rates on Tuesday. While the consensus still is towards no hike in policy rates, RBI chief Raghuram Rajan's comments will be closely watched for future rate trajectory after his recent hawkish comments.
Dealers will closely watch for RBI intervention at current levels after the RBI was suspected to have sold dollars in late session on Friday.
The RBI to decide on rates on Tuesday. While the consensus still is towards no hike in policy rates, RBI chief Raghuram Rajan's comments will be closely watched for future rate trajectory after his recent hawkish comments. FREE TIPS STOCK
Scotiabank says looking at the next key topside level of 63.90, the top of the November move higher in USD/INR, ahead of the pivotal 64.00 point.
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Jan 24, 2014, 09.50 AM IST
Nifty
support seen at 6,300 as FIIs sell options
Highest positions in January put options for NSE index or Nifty have shifted to the 6,300 level compared with 6,200 on Wednesday, exchange data shows.
Highest positions in January put options for NSE index or Nifty have shifted to the 6,300 level compared with 6,200 on Wednesday, exchange data shows.
The level 6,300 may act as a key support for the
Nifty, option traders say.Highest positions in January put options for NSE index or Nifty have shifted to the 6,300 level compared with 6,200 on Wednesday, exchange data shows. NIFTY TIPS
Overseas investors sold index options worth 9.23 billion rupees on Thursday, while adding 36,545 contracts to their outstanding index option positions, exchange and regulatory data shows.
Option traders add that foreign investor activity indicates potential writing of put options by them.
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Jan 23, 2014, 09.30 AM IST
Indian
rupee opens at 61.94 per dollar, slips 13 paise
According to Himanshu Arora of Religare, dollar-rupee is expected to trade lower in today's session amid RBI's statement to bring down India's CPI to around 4 percent and making CPI, the benchmark.
According to Himanshu Arora of Religare, dollar-rupee is expected to trade lower in today's session amid RBI's statement to bring down India's CPI to around 4 percent and making CPI, the benchmark.
Indian rupee declined in the opening trade on
Thursday. It fell 13 paise to 61.94 against US dollar versus previous day's
closing value of 61.81 per dollar.Himanshu Arora of Religare expects the dollar-rupee to trade lower in today's session amid RBI's statement to bring down India's consumer price index (CPI) to around 4 percent and making CPI, the benchmark.”
“Strong equities may underpin rupee in short-term. Dollar selling by some state-run banks could support rupee. Range for the day is seen between 61.50-62.03/dollar," he adds. MCX TIPS
The US dollar, has firmed slightly against a basket of major currencies to be near a two-month peak set on Tuesday.
The euro eased to USD 1.3547, not far from a two-month trough of USD 1.3508 plumbed on Monday. And the yen has weakened against the dollar.
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Jan 22, 2014, 09.31 AM IST
Nifty to
trade between 6260-6350: Magnum Research
According to Magnum Research, Nifty is expected to trade rangebound between 6350 and 6260.
According to Magnum Research, Nifty is expected to trade rangebound between 6350 and 6260.
Indian market edged up on Tuesday as interest
rate-sensitive companies such as Tata Motors and ICICI Bank extended recent gains amid rising expectations that the Reserve Bank of India will keep monetary policy unchanged next week.
Engineering giant Larsen & Toubro Ltd rose ahead of its earnings as investors remain focused on results, while Hindustan Zinc Ltd gained after the government approved a sale of its stake in the company. Banks were among the leading gainers, with State Bank of India up 1.08 percent and ICICI Bank ending higher 3.26 percent. However, broader gains were limited as investors booked profits in recently rallying software services exporters such as Tata Consultancy Services Ltd.
Overseas investors bought Indian shares worth 3.85 billion rupees on Monday. Foreign institutional investors have been buyers for eight consecutive sessions to the tune of 24.06 billion rupees. The central bank is due to hold its policy review on January 28 amid strong expectations that it will keep interest rates on hold for a second consecutive month after inflation eased last month. The RBI had raised interest rates by a total of 50 basis points over September and October. STOCK NIFTY TIPS
European equities closed mixed on Tuesday as investors responded to corporate earnings, with Unilever and Alstom reporting markedly different results. US stocks also finished mixed on Tuesday, with the S&P 500 rising for a first session in three, and the Dow knocked after results from Verizon Communications, Travelers Companies and Johnson & Johnson.
Global cues are mixed today, with them SGX Nifty is showing 13 points cut in morning trade indicating that Indian market may open little soft today and Nifty is expected to trade rangebound between 6350 and 6260.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jan 20, 2014, 09.15 AM IST
Indian
rupee opens at 61.67 per dollar, slips 11 paise
According to Agam Gupta of Standard Chartered, exporters to sell on upticks to 61.80 while the nationalised bank demand will support the pair at 61.50.
According to Agam Gupta of Standard Chartered, exporters to sell on upticks to 61.80 while the nationalised bank demand will support the pair at 61.50.
Indian rupee declined in the early trade on
Monday. It has opened lower by 11 paise at 61.67 per dollar as against Friday's
closing value of 61.55. NSE FREE TIPSAgam Gupta of Standard Chartered feels dollar-rupee will open higher at around 61.70 level mainly reflecting dollar strength overnight.
He expects exporters to sell on upticks to 61.80 while the nationalised bank demand will support the pair at 61.50. "The flows are expected to be muted as US markets will remain shut today," he adds.
Meanwhile, the US dollar started Monday near a two-month high, having enjoyed a solid comeback last week after a string of mostly upbeat data convinced markets the Federal Reserve will continue its gradual withdrawal of stimulus.
www.Shristocktips.com
Jan 17, 2014, 09.15 AM IST
See negative
opening: ICICIdirect
According to a report by ICICIdirect market report, the Indian markets are expected to open in the red.
According to a report by ICICIdirect market report, the Indian markets are expected to open in the red.
Domestic markets remained range bound amid mixed global cues and profit taking by investors. There was lack of trader’s participation due to lack of any supportive cues NIFTY TIPS
Reporting a mixed batch of US economic data (stronger than expected regional manufacturing growth but an unexpected pullback in homebuilder confidence) US stocks witnessed a relatively lackluster performance paring the gains of previous sessions
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jan 15, 2014, 10.20 AM IST
Sensex
maintains strong momentum ahead of Dec WPI inflation
December Wholesale Price Index (WPI) Inflation may ease to 7.1 percent month-on-month versus 7.52 percent last month led by primary and fuel inflation, indicates a CNBC-TV18 poll.
December Wholesale Price Index (WPI) Inflation may ease to 7.1 percent month-on-month versus 7.52 percent last month led by primary and fuel inflation, indicates a CNBC-TV18 poll.
In an interview to CNBC-TV18, he said the corporate side of the loan book performed better than expectations.
"Our restructuring book remains small, around 31 bps of total, we do not see anything large blowing up in our face on the restructuring side,” Sobti said, adding he expected the restructuring book to remain stable.
Sobti expects net interest margins for this quarter to be on the same lines or slightly better than those for the December quarter.
“The stressful part in cost of funding is behind, cost of deposits have started to come off, liquidity (in the system) too has improved, there should be more relief going forward,” Sobti said
Around 35% of IndusInd Bank’s funds comprises of wholesale deposits. NSE FREE TIPS
The cost of wholesale deposits had surged in July-August last year when the RBI tightened liquidity to protect the rupee. Since then wholesale rates have been gradually easing. Sobti expects wholesale rates to be slightly cheaper this quarter. “A slight improvement (cheaper funds)…but not very large, but we are on the way to more relief on the cost of funds,” Sobti said.
10:12am The market maintained strong momentum ahead of WPI inflation that will be announced today. The Sensex rose 127.90 points to 21,160.78, and the Nifty climbed 38.25 points to 6,280.10. Two shares advanced for every share declining on the BSE.
December Wholesale Price Index (WPI) Inflation may ease to 7.1 percent month-on-month versus 7.52 percent last month led by primary and fuel inflation, indicates a CNBC-TV18 poll. However, range could be anywhere between 6.5-7.8 percent. The effect of down tick in vegetable prices on the CPI data is expected to replicate on the Wholesale Price Index (WPI) inflation data too.
The other important factor to watch out for is the core inflation data. In the previous month the core inflation data came in at 2.7 percent and month-on-month basis it has been inching up a little every month.
Coal India shares topped the buying list, rising 2.4 percent after announcement of special dividend of Rs 29 per share.
Hindalco rallied over 2 percent while major frontliners like Reliance Industries , TCS , ICICI Bank , HDFC and Bharti Airtel gained more than a percent while Infosys , L&T, HDFC Bank , Tata Motors and State Bank of India rose over 0.5 percent.
However, ITC , ONGC , Mahindra and Mahindra and Axis Bank are under pressure.
www.Shristocktips.com
Jan 14, 2014, 10.33 AM IST
Nifty holds 6250 amid volatility;
ITC gains, IT stocks weak
Shares of ITC gained gained 0.66
percent. The company raised Bristol cigarette price by 15 percent to Rs 45 per
pack of 10 sticks, reports CNBC-TV18 quoting unnamed sources. Earlier a packet
of 10 Bristol stocks costed Rs 38.
The Sensex declined 30.04 points to 21,104.17, and the Nifty fell 6.25 points to 6,266.50, but the broader markets outperformed benchmarks.
The BSE Midcap and Smallcap indices gained 0.2 percent and 0.4 percent, respectively. Advancing shares outnumbered declining ones by a ratio of 833 to 655 on the BSE.
Uncertainty surrounding general elections will keep market rangebound till they play out, Sangeeta Purushottam, Cogito Advisors said in an interview to CNBC-TV18. FREE NIFTY TIPS
"With the chances of Aam Aadmi Party again jumping into the national fray, the whole story which was getting built up that we could have a strong government at the center uncertainty comes in there. So, the market will be range bound broadly as we go into the elections," Sangeeta elaborated.
Shares of ITC gained gained 0.66 percent. The company raised Bristol cigarette price by 15 percent to Rs 45 per pack of 10 sticks, reports CNBC-TV18 quoting unnamed sources. Earlier a packet of 10 Bristol stocks costed Rs 38.
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Jan 13, 2014, 09.20 AM IST
F&O cues: Nifty 6200 put adds 2
lakh shares in OI
F&O cues: Nifty 6300 call added
15000 shares in Open Interest and Nifty 6200 put added 2 lakh shares in Open
Interest.
F&O cues: India VIX closed at 15.58 down by 3.71%.
Nifty 6300 call & 6000 put have the maximum Open Interest (OI) buildup
Nifty 6000 put shed 2 lakh shares in OI; premium down from 33 to 29
Nifty 6300 call added 15000 shares in OI; premium down from 41 to 32
Nifty 6200 call added 3.2 lakh shares in OI; premium down from 80 to 69.5
Nifty 6200 put added 2 lakh shares in OI; premium down from 97 to 93.5
FIIs in F&O on January 10 (Provisional data from NSE)
FIIs net buy Rs 145 crore in Index Futures; Open Interest contracts down by 5456
FIIs net buy Rs 415 crore in Index Options; Open Interest contracts up by 49401
FIIs net sell Rs 28 crore in Stock Futures; Open Interest contracts up by 11966
www.Shristocktips.com
Jan 10, 2014, 10.16 AM IST
Japan, India expand currency swap
arrangement to $50bn
The expanded swap arrangement,
signed by Bank of Japan Governor Haruhiko Kuroda and his Indian counterpart
Raghuram Rajan, will be effective until December 2015, the BOJ said in a
statement on Friday.
Japan and India on Friday expanded an
arrangement for swapping their local currencies against the US dollar, raising
the size to as much as USD 50 billion from the original USD 15 billion.The expanded swap arrangement, signed by Bank of Japan Governor Haruhiko Kuroda and his Indian counterpart Raghuram Rajan, will be effective until December 2015, the BOJ said in a statement on Friday.
The swap arrangement aims to counter any short-term liquidity problems the two countries may face in future. NCDEX MCX TIPS
"This expansion of the bilateral swap arrangement will contribute to the stability of global financial markets including emerging economies," the BOJ statement said.
www.Shristocktips.com
Jan 09, 2014, 09.30 AM IST
Nifty to
recover upto 6215-6230: Aditya Birla Money
According to Aditya Birla Money, till 6140 holds, expect Nifty to recover upto 6215-6230.
According to Aditya Birla Money, till 6140 holds, expect Nifty to recover upto 6215-6230.
Nifty opened with an flat to positve bias,
However traded in a tight range of 30 points & closed at 6175 levels marginally up 13 points for the day. Going forward, 6140 continues to be a strong support. Till 6140 holds, expect Nifty to over upto 6215-6230. However every rise will be met with Selling Pressure from higher levels.
If breaks & sustains below 6140, Would retest support zone of 6030-5970 positionally. Daily as well as Weekly Momentum has given a negative crossover would lead to selling pressure being witnessed on rises.
Till 6140 holds, expect Nifty to recover upto 6215-6230. However every rise will be met with selling pressure from higher levels. STOCK TIPS
Bank Nifty opened with an flat to positve bias, traded in a tight range with buying witnessed in MidCap PSU Banking & closed at 11053 levels marginally up 16 points for the day. Going forward, 11200 zone continues to be resistance. Till 11,200 is not crossed, Expect a retest of 10800-10850.
Only If crosses & sustains above 11200, Would move upto 11500 zone once again. Daily momentum continues to be in negative territory while the weekly in positive territory. Divergence of momentum on two timeframes is likely to keep the price action choppy.
Going forward, 11200 zone would provide resistance. Till 11,200 is not crossed, Expect a retest of 10800-10850.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jan 08,
2014, 09.28 AM IST
Nifty may
trade between 6110-6200: Magnum Equity Broking
According to Magnum Equity Broking, Nifty may trade between 6110-6200 with sideways biasness.
According to Magnum Equity Broking, Nifty may trade between 6110-6200 with sideways biasness.
Indian market fell for a fifth consecutive
session on Tuesday to mark their weakest start to a year since 2011, as technology stocks, including Infosys , dropped on caution ahead of the software exporter's quarterly results on Friday.
The Sensex fell 0.45 percent, or 94.06 points, to end at 20,693.24, marking its lowest close since December 17. The Nifty lost 0.47 percent or 29.20 points, to end at 6,162.25, approaching 6,100 which has been a key technical support five times since January 2013. The BSE index has fallen 2.2 percent this year, registering a loss in each of the five trading sessions so far. FREE NIFTY TIPS
European equities closed higher on Tuesday after inflation data for the euro zone came in lower than expected, increasing the pressure on the European Central Bank to announce stimulus measures at its policy meeting this week. US stocks closed higher on Tuesday, with the S&P 500 halting a three-session drop, as investors took an optimistic stance ahead of Friday's jobs report and fourth-quarter earnings, which start in earnest this week.
Global cues are little upbeat today, but SGX Nifty is showing 20 points up move in morning trade indicating that Indian market may open positve today and Nifty is expected to trade between 6200 and 6110 with sideways biasness.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jan 07, 2014, 09.59 AM IST
FIIs
unwind long positions in index futures for second day
Dealers say outstanding positions in index futures have reduced by 24,631 contracts implying foreign investors are seen unwinding some of the long positions in Nifty futures and Bank Nifty futures.
Dealers say outstanding positions in index futures have reduced by 24,631 contracts implying foreign investors are seen unwinding some of the long positions in Nifty futures and Bank Nifty futures.
Foreign flows are on watch after overseas
investors sold Rs 396 crore worth of index futures on Monday, adding to
Friday's selling of Rs 608 crore, exchange data shows. STOCK TIPSDealers say outstanding positions in index futures have reduced by 24,631 contracts implying foreign investors are seen unwinding some of the long positions in Nifty futures and Bank Nifty futures. The BSE Sensex rose 8.9 percent and hit a record high in 2013 despite slowing growth and sticky inflation on back of over USD 20 billion worth buying in stocks during the period.
Overseas investors also sold cash shares worth Rs 319 crore on Monday in addition to Rs 139 crore of selling in the previous session, regulatory and exchange data shows.
www.Shristocktips.com
Jan 06, 2014, 09.08 AM IST
Nifty may
open negative: ICICIdirect.com
According to ICICIdirect.com, Nifty is likely to open negative on the back of negative Asian cues. The index is likely to trade in the range of 6190-6290.
According to ICICIdirect.com, Nifty is likely to open negative on the back of negative Asian cues. The index is likely to trade in the range of 6190-6290.
FIIs sold Rs 18 crore in cash. FIIs sold index
futures of Rs 609 crore, while in Index options segment they bought options worth Rs 1091 crore. FIIs sold Rs 305 crore of stock futures.
The highest Put base remains at 6200 strikes with over 40 lakh shares. Highest Call base too stays at 6500 strike with over 50 lakh shares. 5700, 5900, 6000 Put strikes witnessed significant addition of 16.55, 7.92 and 8.91 lakh shares respectively, while 6100 and 6200 puts too saw addition of nearly 3.5 lakh shares each. 6300 Put strike saw reduction of 8.53 lakh shares. On the other hand, 6200 and 6300 call strikes saw addition of 4.10 and 8.66 lakh shares respectively.
The Nifty is likely to open negative on the back of negative Asian cues. The index is likely to trade in the range of 6190-6290. The trading strategy would be to create shorts near 6262-6267 for targets of 6230 and 6210. On the other hand, one can enter longs if Index finds support near 6200 levels.Nifty Tips
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jan 03, 2014, 09.33 AM IST
Nifty may
find support at 6140: Aditya Birla Money
According to Aditya Birla Money, 6140 could provide support for Nifty. Till 6130 holds, expect Nifty to recover up to 6235-6250.
According to Aditya Birla Money, 6140 could provide support for Nifty. Till 6130 holds, expect Nifty to recover up to 6235-6250.
Going forward, 6140-6150 could provide support. Till 6140 holds, expect Nifty to recover upto 6235-6250. However every rise will be met with Selling Pressure from higher levels. If breaks & sustains below 6140, Would retest support zone of 6030-5970 positionally.
Daily momentum has given a positive crossover while the weekly continues to be in positive territory. Convergence of momentum on two timeframes is likely to support at lower levels & dips would be bought into.
6140 could provide support. Till 6130 holds, expect Nifty to recover upto 6235-6250. However every rise will be met with Selling Pressure from higher levels.
Bank Nifty opened with an flat bias, However took support at 11300 and moved up exactly upto 11550-11600 levels as advised. However a late afternoon sell off on account of profit booking led the Index to plummet by more than 400 points from day high & closed 202 points lower than previous session.
Going forward, 10900-10950 could provide support. Till 10900 holds, expect Index to recover upto 11300. However every rise will be met with Selling Pressure from higher levels. If breaks & sustains below 10900, Would retest support zone of 10600-10700.
Daily momentum continues to be in negative territory while the weekly in positive territory. Divergence of momentum on two timeframes is likely to keep the price action choppy.
10900-10950 could provide support. Till 10900 holds, expect Index to recover upto 11300. However every rise will be met with Selling Pressure from higher levels
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Jan 02, 2014, 10.32 AM IST
CLSA sees Sensex at 23,500 by Dec;
bullish on cyclicals
Stocks which CLSA is bullish on
include Axis Bank, ICICI Bank, Maruti, UltraTech, ITC, Lupin and Zee.
Brokerage house CLSA expects the Sensex
to touch 23,500 by the end of this calendar, and expects investors to make
money in cyclical stocks like power utilities and midcap realty firms.
Stocks which CLSA is bullish on include Axis
Bank , ICICI
Bank , Maruti
, UltraTech
, ITC
, Lupin
and Zee
.
The brokerage sees earnings being flat in this
financial year, but growing around 15 percent in FY15.CLSA feels that GDP growth has bottomed out and things will only improve from hereon.
"Economic recovery will gradually unfold over CY14-15 towards a 6 percent growth mark," says the CLSA note. BSE TIPS
"The outcome of the elections can significantly impact market sentiment either ways and will alter the pace of the recovery process but recovery in itself should not be doubted," the note says.
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Jan 01, 2014, 10.07 AM IST
Nifty may trade between 6240-6360:
Magnum Equity Broking
According to Magnum Equity Broking,
Nifty is expected to trade between 6360 and 6240 with sideways biasness.
The Sensex closed at 21,170.68, up 27.67 points for the day. The Nifty held 0.21 percent on the day to end at 6,304, advancing 6.8 percent this year. For the year, the Sensex rose 8.9 percent, compared with a 25.7 percent gain last year, a middle-of-the-pack performance in local currency terms for Asia-Pacific exchanges.
European markets closed slightly higher on Tuesday in a shortened session, completing their most successful year of this decade. US stocks on Tuesday closed 2013 at records, with the S&P 500 posting its largest annual jump in 16 years and the Dow its biggest gain in 18, after positive reports on consumer confidence and housing boosted sentiment on the final trading day of the year.
Global cues are almost quiet today as most of Asian market are shut for holidays, indicating that Indian market would open flat today and Nifty is expected to trade between 6360 and 6240 with sideways biasness. NIFTY TIPS
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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New year comes again and again
To spread the spirit and celebration
Have a wonderful New Year party
And Happy New Year with joy and peace
To spread the spirit and celebration
Have a wonderful New Year party
And Happy New Year with joy and peace
My New Year Wish For You
Is That You Be Able To Dream Big,
Yet Satisfied With The Simple Blessings
That Comes Your Way
Is That You Be Able To Dream Big,
Yet Satisfied With The Simple Blessings
That Comes Your Way
Happy New Year 2014
www.Shristocktips.com
Dec 31, 2013, 10.28 AM IST
8 stocks
in which smart money burnt fingers in 2013
Here are 8 stocks that caused heartburn to some of the reputed investors in 2013.
Here are 8 stocks that caused heartburn to some of the reputed investors in 2013.
Deep pockets and access to inside information
are definite advantages in the stock market game. And yet smart money—the
experienced and well-informed investors—can as easily be caught on the wrong
foot as other less-informed investors, by a turn of events they would have
never imagined. Here are 8 stocks that caused heartburn to some of the reputed
investors in 2013. FREE TRAILS TIPS
Financial Technologies
High networth individuals and fund managers holding Financial Technologies (FT) shares did not get time to react once the ‘payment crisis’ (which later turned out to be a well-planned scam) at group company National Spot Exchange became public. The slide from around Rs 700 in late July to around Rs 100 in early September, left many investors financially and psychologically scarred. Interestingly, some of the big local investors in FT were said to have been aware of the problems brewing at NSEL. Their confidence that the issue would be sorted out smoothly turned out to be their undoing. The fact that the stock had already fallen quite a bit from a high of Rs 1192 in January indicates that insiders would have started selling out much earlier.
MCX
The fraud at National Spot Exchange sparked a collapse in shares of MCX as well, though legally, the FT-promoted commodity bourse did not have any financial obligation to NSEL. From a peak of Rs 1499 at the start of the year, the stock crashed to a record low of Rs 238 by August. There was bad news on the earnings front as well, as Commodities Transaction Tax from July affected trading volumes on the bourse. The stock has doubled from lows in the hope that the promoters Jignesh Shah & Co will have to make way for a strategic investor.
Wockhardt
Till March, the stock was making new highs, and a few HNIs were the envy of the street for having managed to get in early. Wockhardt was never a favourite with domestic fund managers, who felt the management was too stingy with information about the company. But the envy turned to glee when the USFDA issued an import alert on the company’s Waluj plant, sparking a sell-off in the stock from which it never really recovered. In October, the UK health regulator imposed restrictions on import of medicines made at the company’s unit at Kadaiya in Nani Daman for violation of norms. This was followed by a USFDA import alert on the company’s Chikalthana plant in Aurangabad. From its peak of Rs 2166 in March, the stock came crashing down to Rs 336 by December. Some of the well-known names on Dalal Street are said to have retired hurt from the stock after squaring off their positions at a loss.
Jet Airways
The deal with Gulf-based Etihad Airways was supposed to trigger a re-rating of Jet Airways stocks. But what market operators and other early birds in the Jet stock had not bargained for was the political and regulatory complications that would follow. At one point, it even looked that the deal would have to be called off. Smart money concluded it would be wiser to cut losses than hang on in the hope of a re-rating that may not happen at all. The stock crashed from a high of Rs 688 in April to around Rs 260 by December.
Ranbaxy
Daiichi Sankyo is still figuring out the landmines and booby traps it has had the misfortune to inherit. In May, the company coughed up USD 500 million to settle fraud charges. In June, the company’s Mohali unit was served a Form 483 by the USFDA. But that did not deter a group of market operators from loading up on the stock, convinced that they knew something that others didn't. To their dismay, the USFDA in September barred the company’s Mohali plant from importing drugs to the US sending the stock crashing from Rs 450 to below Rs 300. The stock has since recovered to around Rs 460, as operators are said to bought the stock afresh, hoping to make up for the previous losses.
Karnataka Bank
Rumours of the bank of being merged with another large private bank have become something of an annual affair for the past many years, and the trend continued in 2013 as well. A Mumbai-based operator managed to whip a frenzy in the stock, convinced a few fund managers about the merger theory and got them to buy the stock, and in the process, managed to exit his position. The stock which rose to Rs 185 in early January, tumbled to Rs 70 by August. The stock has climbed to Rs 110, possibly as trapped investors are averaging their purchase price in the hope of selling out next year when the rumours resurface.
Yes Bank
There is safety in numbers when the going is good, but it can be a handicap when everybody rushes for the exit at the same time. Shares of Yes Bank, a favourite with institutional investors, took a beating in July as the RBI’s measures to protect the rupee pushed up borrowing costs for banks which depended on wholesale funds. Yes Bank’s peers with a similar funding model too felt the heat, but what worked against Yes Bank was the board room battle playing out around the same time. From a peak of Rs 547 in May, the stock fell to Rs 216 by end August, and has now risen to Rs 370.
HPCL
The government’s decision to increase diesel prices every month and benign crude prices at the beginning of the year had brokerages cheering the stock. The story found backers among fund managers and by mid-January, the stock had climbed to a 15-month high of Rs 380. But the rapid decline in the rupee between June and August soured sentiment for the stock, dragging it to a low of Rs 158. The stock has rallied nearly 50 percent since then, but is still a long way off the high for the calendar.
www.Shristocktips.com
Dec 30, 2013, 09.44 AM IST
Support
for Nifty at 6290: HDFC Securities
According to HDFC Securities, strong support for Nifty is at 6290, while immediate resistance is at 6350 levels
According to HDFC Securities, strong support for Nifty is at 6290, while immediate resistance is at 6350 levels
Markets surged higher on Friday to end the week
on a positive note. While the BSE Sensex closed 118.99 points or 0.56 percent
higher at 21,193.58, the Nifty gained 34.9 points or 0.56 percent to close at
6,313.8. Broad market indices too ended higher as the BSE midcap and smallcap
indices gained 0.26 percent and 0.13 percent respectively.Market breadth was positive as the A/D ratio was 1.18:1 on the BSE. NSE cash turnover was Rs 8,749 crore Vs Rs 12,458 crore in the previous session. Barring the BSE oil & gas and auto indices, all the sectoral indices ended higher. The top gainers were the BSE IT, healthcare, FMCG and bankex indices.
The top gainers from the BSE 30 were Tata Consultancy Services , Wipro , Cipla and HDFC . The top losers were Maruti Suzuki India , Reliance Industries and Bharat Heavy Electricals . STOCK NIFTY TIPS
As per the provisional figures on Friday, FIIs were net buyers of Rs 296 crore in the cash market, while they were net buyers of Rs 628 crore in the F&O markets.
However, DIIs were net sellers of Rs 160 crore in the cash market.
Indian markets could open marginally in the green and remain volatile in a range with positive bias throughout the session. Strong support for Nifty is at 6290, while immediate resistance is at 6350 levels. Among the sectoral indices, IT, Bankex and capital goods could outperform.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
www.Shristocktips.com
