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Showing posts from March, 2019

Nifty above 11,600-mark; Infosys, Reliance Industries stocks lead

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Equity tips:- In the broader market, the BSE Midcap index was trading 123 points higher at 15,451 levels, while the BSE Smallcap index was trading at 15,017 levels, up 98 points. Equity benchmark indices made a strong start for the April F&O series on Friday with sustained buying in heavyweights including  Infosys ,  Reliance Industries , and  TCS . The Sensex was up 113 points at 38,659 levels, and the Nifty50 index rose 43 points at 11,613 levels. The market breadth was positive on the NSE with 1,051 shares advancing, 466 shares declining, and 553 remaining unchanged. In the broader market, the BSE Midcap index was trading 123 points higher at 15,451 levels, while the BSE Smallcap index was trading at 15,017 levels, up 98 points. The volatility index, India VIX, was up 1.33% at 16.87. Shares of  WABCO  India surged 8% on the NSE after its

Sensex up over 200 points on rally led by Infosys, TCS

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Equity tips:- The market breadth was positive with 1,091 shares advancing, 466 shares declining, and 513 remaining unchanged on the NSE. Equity benchmark indices opened higher on Thursday on rally led by  Infosys ,  TCS ,  HCL Tech , and ITC. The  Sensex  was up 165 points at 38,298, and the  Nifty50  index rose 49 points at 11,494. The market breadth was positive with 1,091 shares advancing, 466 shares declining, and 513 remaining unchanged on the NSE. In the broader market, the BSE Midcap index was trading 60 points higher at 15,227, while the BSE Smallcap index was ruling at 14,845, up 66 points. Volatility index India VIX was marginally up 0.48% at 17.13. The Indian rupee opened 23 paise lower at 69.11 against the US dollar on Thursday amid weak global cues. On the sectoral front, Nifty IT index surged 2%, with all the companies trading in the

Asian markets trade mixed; Shanghai Composite index gains ~1%

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Equity tips:- Japan’s Topix index was weighed down by more than two thirds of companies trading without the right to current dividends. Asian stocks were mixed Wednesday, with markets falling into a choppy pattern as investors weigh disappointing economic signs against a decisive turn towards accommodation by major central banks. Japan’s Topix index was weighed down by more than two-thirds of companies trading without the right to current dividends. Declines for equities in Seoul and Sydney were more modest, while shares in Hong Kong and China opened flat to higher. Energy stocks helped push the S&P 500 Index higher on Tuesday as oil climbed. Treasury yields were steady, while the yen trimmed overnight losses. The New Zealand dollar slid more than 1% after the central bank said the next move for its benchmark interest rate is more like

Asian markets trade higher; Nikkei 225 gains 2%

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Equity tips:- Japan’s Topix index rose 2%, though Korea’s benchmark was weighed down by a Samsung Electronics Co. warning on memory-chip prices. Asian stock markets gained in Tuesday’s session, a day after a regional sell-off sparked by fresh worries of a coming US recession. Japan’s Topix index rose 2%, though Korea’s benchmark was weighed down by a Samsung Electronics Co. warning on memory-chip prices. Hong Kong shares saw modest gains, Shanghai shares fluctuated and Australia was flat. US Treasury yields edged up after a two-day tumble that saw 10-year rates drop below those on three-month bills. West Texas crude climbed above $59 a barrel, and the yen dipped as a risk-on tone took hold. On Wall Street on Monday, the S&P 500 Index closed little changed as homebuilders climbed, thanks to reduced borrowing costs, but technology shar

Asian markets trade flat on Friday

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Equity tips:- Hong Kong’s Hang Seng index down 0.07%, the Shanghai composite declined more than 0.43%. Asian markets were trading flat in the morning trade on Friday as investors grappled with the consequences of a recent change in interest rate outlook at the US Federal Reserve. Hong Kong’s Hang Seng index was down 0.07%, the Shanghai composite declined more than 0.43%, Japan’s Nikkei 225 slipped 0.21%, and the Kospi was also trading 0.18% lower. The Fed on Wednesday said it does not expect to raise rates at all in 2019. The central bank had forecast at least two rate hikes for this year back in December. The Fed added that it expects to end its balance-sheet reduction process by the end of September. On the international front, the US central bank did, however, lower its economic growth forecast for 2019, raising concerns over a p

SGX Nifty indicates a higher opening for Indian markets

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Equity tips:- For today, we expect further consolidation around 11500 with the broader market again outperforming. SGX Nifty  is at 11525, up 14 points. For today, we expect further consolidation around 11500 with the broader market again outperforming. Nifty saw another day of consolidation with an upward bias as it attempts to cross the 11500-mark. The Nifty saw volatile movements yesterday as it gyrated almost 150 points from low to high and back to close higher. The profit booking by local mutual funds continues even as foreign flows are the strongest in the last 2 years. Global Markets:  Asian markets opened mixed with the Japanese Nikkei trading marginally in the red even as most other indices traded positive. The up move in Chinese stocks continues with the Shanghai index up ~31% from the December lows. For today, we expect consolidati