SENSEX OPENS HIGHER, NIFTY EYES 9150 | TODAY STOCK MARKET NEWS UPDATE 24 APRIL 2017.

STOCK MARKET NEWS

Equity benchmarks opened the week moderately higher on Monday as the Nifty is inching towards 9150 level, backed by HDFC Bank, Reliance Industries and L&T.

The 30-share BSE Sensex was up 48.41 points at 29,413.71 and the 50-share NSE Nifty gained 18.25 points at 9,137.65. About 872 shares advanced against 283 declining shares on the BSE.

The Indian rupee opened marginally higher at 64.55 per dollar today against Friday's closing value of 64.61.

Pramit Brahmbhatt of Veracity says the rupee is stuck in a tight range of 64.50-64.80/dollar and would trade in that range for the day.

He expects the rupee to continue to depreciate on the back of negative cues from global equity market and constant FII outflow.

Asian markets were mixed following the widely-expected results of the first round of presidential elections in France, with Emmanuel Macron and Marine Le Pen headed for a run-off on May 7.

NIFTY BELOW 9100, SENSEX VOLATILE AMID WEAK GLOBAL CUES | TODAY STOCK MARKET NEWS UPDATE 19 APRIL 2017.

STOCK MARKET NEWS

Equity benchmarks started off trade on a negative note amid consolidation, tracking weakness in global peers as investors remained cautious about earnings season after IT companies' results.

The 30-share BSE Sensex was down 29.51 points at 29,289.59 and the 50-share NSE Nifty fell 7.35 points to 9,097.80.

TCS fell 1.5 percent following lower-than-expected earnings due to weakness in BFSI & retail segments and North America & Latin America businesses.

HDFC, Tata Motors, ONGC, Tata Steel and Axis Bank were other losers while Reliance Industries, ITC, Adani Ports and Sun Pharma were gainers.

The Indian rupee opened marginally higher at 64.60 per dollar today against previous day's closing value of 64.63.

Pramit Brahmbhatt of Veracity says rupee has been weakening and may depreciate to 64.80/dollar.

Trading range for the day will be 64.50-64.80/dollar, he adds.

The dollar index fell near a three-week low on disappointing US housing starts data and nervousness over trade talks between the United States and Japan. While Britain's pound soared after Prime Minister Theresa may called for a snap general election.

Asia markets declined today, tracking Wall Street's negative close overnight, with resources and financial shares losing ground. Investors also remained vigilant amid US-North Korea tensions and the nearing of the French presidential election.

Share Market Tips

SENSEX FALLS AFTER HITTING 30000 IN OPENING | TODAY SHARE MARKET NEWS REPORT 05 APRIL 2017.

SHARE MARKET NEWS

After a holiday, equity benchmarks opened higher on Wednesday, with the Sensex crossing 30,000-mark but failed to sustain that level as investors turned cautious ahead of Monetary Policy Committee meet later today.

Majority of economists expect unchanged in rates from the Reserve Bank of India but the commentary will be closely watched, especially after the RBI, in last meet, changed its stance from accommodative to neutral.

The 30-share BSE Sensex was down 79.75 points at 29,830.47 and the 50-share NSE Nifty fell 15.15 points to 9,222.70, dragged by HDFC, ITC, Infosys and ICICI Bank.

However, Reliance Industries continued to support the market, up nearly 2 percent on value buying.

The Indian rupee opened marginally lower at 65.07 per dollar against Monday's closing value of 65.02.

Bhaskar Panda of HDFC Bank feels the rupee is likely to remain rangebound today and stay between 64.90-65.10/dollar.

The dollar was flat but traded lower against the yen which rose to a one-week high. Caution prevails ahead of the US china meeting. Investors will be watching for any discussion on trade or currency manipulation.

Asian shares were in positive territory, amid concerns over North Korea's latest ballistic missile test which landed in the Sea of Japan.

stock future tips

NIFTY EXTENDS LOSSES,SENSEX FALLS OVER 100 PTS | TODAY DERIVATIVE REPORT UPDATE 27 MARCH 2017.

DERIVATIVE REPORT OUTLOOK

NIFTY FUTURE REPORT

NIFTY FUTURE :	R1:9143	R2:9168	R3:9190
PIVOT : 9121	S1:9096	S2:9074	S3:9049

The Nifty opened on a positive note on the back of  mixed global cues and traded with a positive note between the narrow range of around 40 points between 9100 and 9140 levels throughout the session before finally closing at 9118 levels. Sectorally, the banking index was the clear leader on Friday rallying 1.23% while the IT space remained under profit booking pressure, down 0.81%.

Equity benchmarks settled higher for second consecutive session amid broader consolidation while PSU banking space hogged the limelight, on reports that the Finance Minister has promised to offer a solution to the growing NPS crisis in next few days.

The Nifty has respected the short term trenadline support and the bullish gap area formed post state election results and witnessed a rebound from close to its immediate support area of 9000 zone. We believe 9250 will remain a crucial overhead hurdle for the index as it is the confluence of upper band of rising channel in place since February 2017 and the 123.6% reciprocal retracement of the entire decline from September to December 2016 decline placed around at 9225 region If Nifty is unable to sustain above 9160-9170 then level on downside is between the 8970-8899, 9100 is the next support for Nifty future.

BANK NIFTY FUTURE OUTLOOK

BANK NIFTY FUTURE REPORT

BANK  NIFTY FUTURE :	R1:21243	R2:21085	R3:21153
PIVOT : 21106	S1:21000	S2:213474	S3:21487

Bank of Baroda and ICICI Bank are among the top gainer of the day.Bank Nifty settled higher for second consecutive session amid broader consolidation while PSU banking space hogged the limelight, on reports that the Finance Minister has promised to offer a solution to the growing NPS crisis in next few days.

YES Bank was up nearly 0.57% at  1527, after the private sector lender announced that its qualified institutional placement (QIP) offer has opened on Thursday.Shares of public sector undertakings (PSU) were in focus with the Nifty PSU Bank index gaining more than 2% as reports suggested that the Finance Minister has promised to offer a solution to the growing nonperforming assets (NPA) crisis in next few days.

Bank nifty open at 20989.75 to its previous closing at 20952 on Friday. Major support of bank nifty seen at 20900 which is supported in last trading day. Below 20900 short term bearish trend might be follow by bank nifty. Trader  can keep eye on its resistance. Closing above 21220 mat open scope for new high in banknifty.

USDINR

USDINR :	R1:65.5092	R2:65.6058	R3:65.6717
PIVOT : 65.4433	S1:65.3467	S2:65.2808	S3:65.1842

The Indian Rupee appreciate against the Dollar, as greenback demand from crude oil and other importers outweighed early gains triggered by strong local shares. The Rupee settled at 65.4050 from 65.5650 at previous close. It rose to day’s high of 65.54, before falling to 65.3775. RBI said that India’s current account deficit in October-December widened to $7.9 billion, or 1.4% of GDP, in the 3rd quarter of this fiscal that ends Mar. Resistance is at 65.62 and support is at 65.425 mark.

ASIAN MARKET

NAME	CHANGE	% CHANGE
NIKKEI 225	177.22	0.92
STRAITS TIMES	15.97	0.51
HANG SENG	30.57	0.13
TAIWAN WEIGHTED	27.76	0.28

Asian markets traded positive on Friday. China's Shanghai composite rose 0.62 percent or 20.38 points to close at 3,268.93 Hong Kong’s Hang Seng was positive by 30.57 points.

INDIAN MARKETS

INDEX	PREVIOUS            CLOSE	OPEN	HIGH	LOW	CLOSE	GAIN/LOSS
Nifty 50	9086.3	9104	9133.55	9089.4	9108	21.7
Nifty IT	10850.8	10843.25	10851.45	10753.45	10768.95	-81.85
Nifty Bank	20895.5	20987.6	21174.1	20929.15	21122.55	227.05
Nifty Pharma	10575.2	10581.4	10620.2	10516.7	10556.35	-18.85
India VIX	11.835	11.835	12.1025	10.705	11.9775	0.1425

TOP GAINER vs TOP LOSER

TOP GAINER

Company	LTP(Rs.)	% Change
BANKBARODA	168.30	+3.76
ICICI BANK	275.55	+3.22
SBI	275.95	+2.77
GAIL	382.30	+1.43
KOTAKBANK	878.45	+1.19

TOP LOSER

Company	LTP(Rs.)	% Change
GRASIM	1059.85	-2.94
TECHM	472.35	-2.03
ZEEL	516.60	-1.34
TCS	2428	-1.31
AMBUJACEM	229.70	-1.27

GST: NO CONSENSUS ON THE DUAL CONTROL | SHARE MARKET NEWS UPDATE 24 DEC 2016.

Share Market News 

7th Council meeting today over the GST. The two drafts related to GST, even if approved. But now the government is not April 1, 2017, apply to the GST. According to sources, all sides now new date of July 1 implementation date of GST is assumed. After today's meeting, Finance Minister Arun Jaitley to brief the media.

GST Council has approved a bill related to compensation. After which the Council will now discuss IGST. However, today's meeting has not been decided on a dual control. The next meeting of the GST Council and the next meeting will take 3 to 4 January to discuss the dual control. GST is unlikely to be agreed soon.

As per sources, the next meeting scheduled in the bill may be wrangling over IGST. Not only after Notbandi have states sought to increase compensation. 55 thousand core instead of the Rs 1 lakh core is being sought. The state says it will be a drastic reduction in revenue after Notbandi said. The rate of compensation was based on revenue. Collection rate at 14 per cent increase was not compensated.

Arun Jaitley said today's meeting is the major decisions in the way of GST. Council has approved the draft CGST and SGST and CGST be tabled in Parliament.

SENSEX,NIFTY LOWER ON WEAK GLOBAL CUES | TODAY NIFTY MARKET REPORT 23 DEC 2016.

DERIVATIVE REPORT | NIFTY REPORT

NIFTY FUTURE OUTLOOK

NIFTY FUTURE :	R1:8050	R2:8104	R3:8142
PIVOT :8012	S1:7959	S2:7921	S3:7867

The Indian stock market plunged for the seventh straight day, with the benchmark breaking key support levels, as uncertainty over economic growth and corporate profits persisted. Investors will keep an eye on the two-day Goods & Services Tax Council meet which begins later in the day. The GST Council will discuss drafts of the model GST, integrated GST and states' compensation bills. Sensex ended with a loss of 263 points at 25,980. Nifty  was down 82 points and closed at 7,979. It opened at 8,044 points, hitting a high of 8,046 and low of 7,965. The week also saw the added pressure of geopolitical uncertainties, amid wafer-thin volumes, as traders hit the snooze button going into the December holiday season and year-end. Nifty50 slid below the crucial 8,000 level for the first time since November 25. The India VIX (Volatility) index was up 5.76% at 15.55. The BSE Midcap closed at 11,809 and Smallcap indices closed at 11,802. The Indian Rupee was trading lower by three paise at 67.93 per dollar.

Nifty open down  on Thursday  and  shown Bearish  trend   over the full trading hour’s.  Nifty closed below the  8100 today. 8000 -8050 is the support of nifty if its break that level down side pressure will be seen. Nifty may be taste the level of 7900-7950. Above 8250 new level of nifty would be 8300-8350.

NIFTY BANK FUTURE REPORT

NIFTY BANK FUTURE OUTLOOK

BANK  NIFTY FUTURE :	R1:18041	R2:18148	R3:18232
PIVOT :17957	S1:17850	S2:17766	S3:17659

Bank nifty open Gap down  today and showing Bearish movement, over the full trading hour’s. Bank nifty closed below 18200. below 18200-18000 next level would be 17800-17900. Bank nifty have major support of 17900-18000 on daily time frame. INDUSIND BANK  (-2.34%) and AXIS BANK  (-2.22%) is the top losers of the day.

Bank nifty Open gap down  at 18038.80, to its previous closing 18108.60 on Thursday and touched high of 18064.30.  Today’s  bank nifty made a low of 17873.45. Below 18000 next level for bank nifty would be 17700-17900. Bank nifty can be trade between the range of 18300-18800 .

USDINR

USDINR :	R1:68.05	R2:68.13	R3:68.24
PIVOT : 67.94	S1:67.86	S2:67.75	S3:67.67

The Indian rupee continued its recovery on Thursday for the second consecutive session following correction in dollar. It has opened higher by 8 paise at 67.83 per dollar against previous close of 67.91. the rupee to range between 67.50-68.50/dollar over the next two weeks as the market remains quiet towards the end of the year and selling pressure from foreign investors eases. The rupee would come under renewed pressure in the new year based on macro performance in the wake of demonetisation. The dollar index retreated after hitting its highest since December 2002. Meanwhile the Swedish Crown gained 1.4 % against the dollar after Sweden's Central Bank narrowly voted to add to its bond-buying program

ASIAN  MARKETS

NAME	CHANGE	% CHANGE
NIKKEI 225	-16.82	-0.09
STRAITS TIMES	-19.66	-0.68
HANG SENG	-173.60	-0.80
TAIWAN WEIGHTED	-85.51	-0.94

Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.07%, while the Hang Seng led the Nikkei 225 lower. They fell 0.80% and 0.09% respectively.

INDIAN MARKETS

Name	Change	% Change	Open	High	Low
Nifty 50	-82.20	-1.03	8043.85	8046.45	7964.95
Nifty Bank	-193.05	-1.08	18027.00	18029.60	17839.75
Nifty Metal	-77.30	-2.94	2702.55	2702.95	2622.50
Nifty Pharma	-135.45	-1.32	10362.05	10397.65	10212.75
Nifty Realty	-0.85	-0.51	167.30	168.15	165.75

Name	Change	% Change	Open	High	Low
Sensex	-262.78	-1.01	26224.07	26248.45	25940.14
S&P BSE Small Cap	-149.06	-1.26	11951.73	11953.73	11788.25
S&P BSE Midcap	-176.07	-1.49	11979.32	11984.16	11792.58

TOP GAINER vs TOP LOSER

TOP GAINER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
ASIAN PAINTS	865.55	870.30	+0.55
ITC LTD.	226.30	227.55	+0.55
BHARTI INFRATEL	335.95	337.20	+0.37
TATA MOTORS	468.50	469.60	+0.23
ZEEL	441.45	441.55	+0.02

TOP LOSER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
HINDALCO	168.80	161.25	-4.47
ADANIPORTS	274.20	263.55	-3.88
ONGC	201.50	194.90	-3.28
BHARTI AIRTEL	301.70	292.25	-3.13
TATA STEEL	404.50	392.20	-3.04