Sensex, Nifty Back In Green; Banking, Pharma Stocks Gain

The S&P BSE Sensex is trading at 26,870 up 32 points, while NSE Nifty is trading at 8,118 up six points. The BSE Mid-cap Index is trading up 0.56% at 11,051, whereas BSE Small-cap Index is trading up 0.30% at 11,438. Some buying activity is seen in banking, pharma, oil & gas, realty, power and metal sectors, while auto, IT, consumer durables and fmcg sectors are showing weakness on BSE.

Dr.Reddy's, ICICI Bank, Cipla, SBI, RIL, Hindalco, Tata Steel and NTPC are among the gainers, whereas Vedanta, ONGC, ITC, Tata Motors, M&M and Maruti Suzuki are losing sheen on BSE. Indian Rupee today opened higher by 3 paise at 64.71/$ in early trade on Thursday. Yesterday, Indian rupee can scale lower in the short run, considering the prevalent volatility in the global currency markets. On the global front, Fed elaborated that it is still monitoring global economic developments, however excluded the phrase of global risks taking a toll on US economy. Meanwhile, Fed stated that underutilization of labor resources has diminished and it continues to see the outlook for economic activity and the labor market nearly balanced, which reinforced the perception of a possible rate hike this year.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-6554125 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

Read More

Nifty Nears 8,150-Mark

The S&P BSE Sensex is trading at 26,892 up 54 points, while NSE Nifty is trading at 8,130 up 19 points. The BSE Mid-cap Index is trading up 0.56% at 11,051, whereas BSE Small-cap Index is trading up 0.30% at 11,438. Some buying activity is seen in banking, pharma,capital goods, oil & gas, realty, power and metal sectors, while auto, IT, consumer durables and fmcg sectors are showing weakness on BSE.

NTPC, Dr.Reddy's, ICICI Bank, L&T, Cipla, SBI, RIL, Hindalco, Tata Steel and Coal India are among the gainers, whereas Vedanta, ONGC, ITC, Tata Motors, M&M and Maruti Suzuki are losing sheen on BSE. Indian Rupee today opened higher by 3 paise at 64.71/$ in early trade on Thursday. Yesterday, Indian rupee can scale lower in the short run, considering the prevalent volatility in the global currency markets. On the global front, Fed elaborated that it is still monitoring global economic developments, however excluded the phrase of global risks taking a toll on US economy. Meanwhile, Fed stated that underutilization of labor resources has diminished and it continues to see the outlook for economic activity and the labor market nearly balanced, which reinforced the perception of a possible rate hike this year. State Bank of Travancore has jumped 5% at Rs. 429 on BSE. The bank reported a more than five-fold jump in its net profit at Rs. 102.80 crore for the second quarter of 2015-16.

Praj Industries has slipped over percent to a low of Rs. 82.70 in opening trades this morning on the back of weak Q2 numbers. The company's net profit declined by 81.6% at Rs. 46.40 million from Rs. 251.90 million in the same quarter previous year. Operating margin for the quarter stood at 5.10% as compared to 7.4% for the previous year period.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-6554125 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

Read More

Sensex Slips 100 Points; Banking, FMCG Stocks Drag

The S&P BSE Sensex is trading at 26,940 down 99 points, while NSE Nifty is trading at 8,142 down 29 points. The BSE Mid-cap Index is trading down 0.15% at 11,037, whereas BSE Small-cap Index is trading up 0.18% at 11,473. Some buying activity is seen in pharma, consumer durable, realty and consumer durables sectors, while banking, fmcg, IT and oil & gas sectors are showing weakness on BSE.

Dr.Reddy's, Vedanta, Cipla, Tata Motors, ICICI Bank and Lupin are among the gainers, whereas GAIL, Bharti Airtel, ITC, BHEL, Axis Bank, HUL, HDFC Bank and M&M are losing sheen on BSE.

Indian Rupee today opened lower by 23 paise at 65.15/$ in early trade on Thursday.The dollar is standing strong against most other currencies. The currency touched a high and low of 65.02 and 65.08 respectively. On the global front, the Fed has kept interest rates unchanged. In the December meeting the Fed would “assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.” The SGX Nifty is trading in the red and Asian shares moved lower. The F&O expiry will add the usual choppiness towards the end. Japan's industrial output rose 1.0 per cent in September from the previous month, which was better than expectations.

The India VIX (Volatility) index is up 3% to 17.55. Out of 1,729 stocks traded on the NSE, 575 declined and 752 advanced today. A total of 15 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-6554125 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

Read More

F&O Expiry! Sensex Slips 200 Points

The S&P BSE Sensex is trading at 26,826 down 213 points, while NSE Nifty is trading at 8,109 down 62 points. The BSE Mid-cap Index is trading down 0.12% at 11,023, whereas BSE Small-cap Index is trading down 0.10% at 11,441.

Some buying activity is seen in consumer durable, auto and realty sectors, while banking,capital goods, metal, fmcg, IT and oil & gas sectors are showing weakness on BSE. Dr.Reddy's, Tata Motors, Lupin, Vedanta, Bajaj-Auto and Tata Steel are among the gainers, whereas BHEL, Axis Bank, Bharti Airtel, GAIL, Sun Pharma, Coal India, ITC and HUL are losing sheen on BSE.

Indian Rupee today opened lower by 23 paise at 65.15/$ in early trade on Thursday.The dollar is standing strong against most other currencies. The currency touched a high and low of 65.02 and 65.08 respectively. On the global front, the Fed has kept interest rates unchanged. In the December meeting the Fed would “assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.” The SGX Nifty is trading in the red and Asian shares moved lower. The F&O expiry will add the usual choppiness towards the end. Japan's industrial output rose 1.0 per cent in September from the previous month, which was better than expectations.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-6554125 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

Read More

Pre-Market: Nifty To Trade In A Range, May Retest 8,200

The domestic equity market is likely to trade range-bound on Tuesday as caution prevails ahead of the outcome of two-day policy review by the US Federal Reserve that concludes later in the day. Volatility is expected to rise amid quarterly earnings and ahead of Thursday's expiry of October series futures and options contracts.

At 07:45 am, Nifty50 stock futures on the Singapore Stock Exchange were trading 15 points lower at 8,230, indicating a rangebound opening in the domestic market. Experts felt that Nifty50 could test the 8,200 level in the short term. They pointed out that marketwide rollovers on D-2 (two days ahead of expiry) climbed to 46 per cent, which was higher compared with the average rollovers of 44 per cent in the past three F&O series.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-6554125 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

Read More

Nifty Slips Below 8,200 Level

The S&P BSE Sensex is trading at 27,150 down 104 points, while NSE Nifty is trading at 8,205 down 28 points. The BSE Mid-cap Index is trading up 0.26% at 11,127, whereas BSE Small-cap Index is trading up 0.32% at 11,490.

Some buying activity is seen in consumer durable, fmcg, capital goods and auto sectors, while banking, metal, oil & gas, pharma, IT and realty sectors are showing weakness on BSE. Bharti Airtel, BHEL, Tata Steel, HDFC Bank, ITC, GAIL, Maruti Suzuki, Tata Motors, Hindalco, HDFC and SBI are among the gainers, whereas Axis Bank, ICICI Bank, Lupin, ONGC, NTPC, Coal India and Dr.Reddy's Lab are losing sheen on BSE.

Indian Rupee today opened lower by 10 paise at 65.04/$ in early trade on Wednesday. On global cues, market participants will prefer to remain on the sidelines ahead of US FOMC policy meeting statement today. Markets will also keep an eye on US advance Q3 GDP reading tomorrow.

Jet Airways and JK Tyre results will be in focus. No one is talking of a Diwali rally as yet even as investors come to terms with the results underway. Global cues are offering no support. Wall Street ended lower and Asian markets too are mostly in the red. US crude oil saw a fall of over 1.5%.

Read More

Sensex Ends 108 Points Down, Nifty Below 8,250; Lupin Cracks 6% Post Weak Q2 Numbers

The domestic market on Wednesday retreated from a two-month high tracking weak global cues ahead of the crucial two-day meeting of the US Federal Open Market Committee, which is scheduled to begin later in the day. 

The S&P BSE Sensex ended the day 108 points, or 0.4 per cent, lower at 27,253 while the 50-stock barometer Nifty50 closed with losses of 27 points, or 0.33 per cent, at 8,233. Lupin and ONGC were top losers on the BSE benchmark. 

"Our US economists believe the FOMC will neither hike rate nor give any strong signal about the future path of policy on October 28. That said, we still expect the first hike in December. The focus on global risks and the recent easing by other central banks reduce those risks and support a hike. Noting that slower growth or lower inflation would be dovish, but suggesting these are likely transitory would be seen as hawkish," foreign brokerage BoFA-ML said in a note. 

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-6554125 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

Read More

Nifty Plunges Below 8,250 Level

The S&P BSE Sensex is trading at 27,231 down 131 points, while NSE Nifty is trading at 8,222 down 38 points. The BSE Mid-cap Index is trading up 0.08% at 11,090, whereas BSE Small-cap Index is trading up 0.11% at 11,449. All sectors are showing weakness on BSE.

Sun Pharma, Maruti Suzuki,Bajaj-Auto,M&M, Wipro, TCS and NTPC are among the gainers, whereas ONGC, HDFC, Lupin, Hindalco, Axis Bank, ITC, Hero MotoCorp, Cipla and HUL are losing sheen on BSE.

Indian Rupee today opened at 64.97/$ in early trade on Tuesday. On the global, Global markets are not offering any encouraging cues. In fact most of them are in the red. US stocks fell after new home sales came in less than expected. In international markets, market participants will prefer to remain on the sidelines ahead of US FOMC policy meeting statement tomorrow. Markets will also keep an eye on US advance Q3 GDP readings.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-6554125 | Toll Free - 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

Read More