|stock futures tips|Equity Research Lab :- Nifty Report 24 May 2017

STOCK FUTURES TIPS:-
      
NIFTY SPOT :   R1:9445                         R2:9501                           R3:9538
PIVOT : 9400    S1:9352                          S2:9315                           S3:9259

stock future tips

 INDEX OUTLOOK 

Nifty is likely to open in a positive note today. As we are witnessing, nifty is ruled by bears right now but bulls are trying their hard to keep nifty above 9400.For positional traders it is advised to keep their stop loss at 9380 for longs while for contra positions stop loss should be 9525.For intraday traders, it is advised to adopt sell on rise strategy.

Strategy: short nifty around 9440 with a stop loss of 9475 for the target of 9380
  

SECTORIAL INDICES

  CORPORATE NEWS  

Results Today: Lupin, Bharat Forge, Adani Ports, Amara Raja Batteries, Adani Ent, Jain Irrigation, Dish TV India, Somany Ceramics, Kaveri Seed, Gujarat Gas, Praj Industries, Religare Enterprises, GE T&D India, Aptech, Asahi India Glass, Bayer CropScience, Emkay Global, Fineotex Chemical, Garware-Wall Ropes, Global Vectra Helicorp, Gujarat Sidhee Cement, GVK Power Infrastructure, Intrasoft Technologies, Jubilant Industries, Kopran, Kuantum Papers, Minda Corporation, Mukand Engineers, Mukand, Mukta Arts, Murudeshwar Ceramics, Punjab Alkalies Chemicals, Rajapalayam Mills, Sanghi Industries, Shalimar Paints, Sona Koyo Steering, Zee Media Corporation, Wonderla Holidays, Sundram Fasteners, Talbros Automotive Components, Timken India, TVS Srichakra,PNC Infratech

• Voltas enters into JV with Ardutch B.V. (a subsidiary of Arçelik A.S.; part of the Koç Group – Turkey’s largest industrial and services group) 
• Videocon Says Crash in stock price due to classification of NPA by Dena Bank CCI approves amalgamation of Videocon D2H with Dish TV CCI approves acquisition of up to 6.02 percent stake by Aceville in Flipkart 
• JHS Svendgaard Conversion of 4.4 lakh warrants into equity shares allotted on preferential basis 
• TV Today Network Migration from Phase II to Phase III of 3 FM radio stations 
• Mangalore Chemicals & Fertilizers CARE has revised the Long Term Rating to BBB Stable from BBB-; Stable and Short Term Rating to BBB from BBB- 
• Cerebra Integrated Technologies Karnataka State Pollution Control Board has issued its consent to start production for its E-Waste recycling plant setup on a 12 acre land 
• AIA Engineering Magotteaux initiates arbitral proceedings against co. demands $60 million in damages

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Equity Research Lab :- Nifty Report 23 May 2017

Equity tips:-
      
NIFTY SPOT :   R1:9481                            R2:9519                       R3:9530
PIVOT : 9454    S1:9389                             S2:9416                        S3:9400

stock future tips

 

INDEX OUTLOOK 

Nifty is likely to open in a negative note. Momentum indicator like RSI is likely to wave red flag in the favour of bears. Bears are like to get served by bulls for today’s trading session. As we noticed nifty was trading at PE of 24.80 which is not suitable according to current scenario. We are expecting nifty to apply for a steep correction in upcoming trading sessions.

Strategy: short nifty around 9475 with a stop loss of 9510 for the target of 9430
 

SECTORIAL INDICES

 CORPORATE NEWS  

Results Today: Tata Motors, Jindal Steel & Power, NCC, Torrent Power, Voltas, Prabhat Dairy, Sequent Scientific, Novartis India, Radico Khaitan, Kolte Patil, Jubilant Life Sciences, Johnson Controls Hitachi Air Conditioning, Entertainment Network, Essel Propack, Bharat Gears, Capital Trust, Century Plyboards, Future Retail, Cineline India, Clariant Chemicals, Cupid, DCM Shriram Industries, Balaji Telefilms, Ballarpur Industries, Advani Hotels Resorts, Genus Power Infrastructures, Goodricke Group, Grindwell Norton, Himatsingka Seide, Hindustan Composites, Indowind Energy, Ind-Swift Laboratories, Infinite Computer Solutions India, Ingersoll-Rand, Ion Exchange, J B Chemicals, JHS Svendgaard Laboratories, Moser Baer, Oriental Carbon Chemicals, PPAP Automotive, Saurashtra Cement, Shriram EPC, Subros, TCI Express, APL Apollo Tubes, TRF

• Reliance Comm Says: CARE Downgrades Co’s Long-Term Loans To BB From A-; Put On Credit Watch CARE Downgrades Co’s Short-term Loans From A2+ to ‘A4; CARE Puts Co’s Loans On Credit Watch With Developing Implications SRF setting-up of a facility to produce agrochemical at SRF's Chemical Complex in Dahej, Gujarat at an estimated cost of Rs. 180 Crores 
• Prakash Industries Issuance of New FCCBs 
• MT Educare subsidiary Lakshya Educare, has been sanctioned a long term debt facility from Xander Finance (Xander) of Rs 110 crore 
• Shipping Corporation of India (SCI) Has given physical delivery of its 1 container vessel m.v. ‘Indira Gandhi' to its buyer 
• Adani Enterprises Company to delay decision on Australis mine 
• Clariant Chemicals Swiss group Clariant (global parent) announced an all-stock deal to merge with the US-based Huntsman Corp

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SENSEX, NIFTY OPEN AT FRESH RECORD HIGH | TODAY SHARE MARKET NEWS UPDATE 16 MAY 2017.

STOCK MARKET NEWS

Equity benchmarks opened at fresh record high on Tuesday, continuing upside despite mixed Asian cues.

The 30-share BSE Sensex was up 63.33 points at 30,385.45 and the 50-share NSE Nifty rose 12.55 points to 9,457.95. About 643 shares advanced against 258 declining shares on the BSE.

Bharti Airtel was the biggest gainer among largecaps, up nearly 3 percent followed by Tata Steel, TCS, Dr Reddy's Labs, IOC, ACC and ICICI Bank.

Asian Paints, HDFC Bank, BHEL, HDFC, Adani Ports, Kotak Mahindra Bank, Cipla and Bank of Baroda were early losers.

The Indian rupee was flat at 64.06 per dollar in opening against previous day's close of 64.06.

Bhaskar Panda of HDFC Bank says the rupee has been supported by global cues as well as firm flows from FIIs and FDI. Today, he expects the USD-INR pair to trade in a range of 63.95-64.20/dollar range.

Dollar weakened against a major basket of currencies after a weaker than expected US economic data dampened the outlook for the pace of further tightening by the Federal Reserve this year.

Asian markets were mixed, following the bounce in oil prices after the energy ministers of Russia and Saudi Arabia announced output cuts should be extended till March 2018 and as investors largely shrugged off US political news on President Donald Trump.

SENSEX OPENS 100 PTS HIGHER , NIFTY ABOVE 9400 | TODAY STOCK MARKET TREND OUTLOOK 15 MAY 2017.

STOCK MARKET NEWS

Equity benchmarks stated off the week on a positive note, with the Sensex rising over 100 pts despite mixed Asian cues.

The 30-share BSE Sensex was up 110.51 points at 30,298.66 and the 50-share NSE Nifty rose 28.70 points to 9,429.60. About 670 shares advanced against 222 declining shares on the BSE.

ICICI Bank, ONGC, Tata Steel, HDFC, Axis Bank, Hindalco and Dr Reddy's Labs were early gainers while Cipla, Infosys, Hero Motocorp, Wipro, Bharti Airtel, BPCL and Bharti Infratel were losers.

The Indian rupee has opened higher by 18 paise at 64.12 per dollar against Friday's closing of 64.30.

Pramit Brahmbhatt of Veracity feels weak economic data released on last Friday as well as positive cues from domestic equity market may trigger a fall in the dollar.

According to him, the rupee may breach 64.20/dollar levels and the spot USD-INR pair is likely to trade in the range of 64-64.40/dollar.

The dollar index is slightly lower against a basket of major currencies after US economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safe-haven yen.

Asian markets were mixed despite concerns over trade protectionism during the G7 meeting in Italy and North Korea's latest missile launch at the weekend.

NIFTY OPENS ABOVE 9400,SENSEX HIGHER | TODAY NIFTY TREND UPDATE 12 MAY 2017.

TODAY NIFTY OUTLOOK

Equity benchmarks started off last day of the week on flat note with a positive bias as investors awaited more corporate earnings after digesting good monsoon forecast.

The 30-share BSE Sensex was up 45.86 points at 30,296.84 and the 50-share NSE Nifty rose 14.30 points to 9,436.70.

Infosys, SBI, Tata Motors, HUL, M&M, Bank of Baroda and Kotak Mahindra Bank were early gainers while TCS, Bharti Airtel, ICICI Bank, HDFC Bank, Axis Bank, Bharti Infratel and Indiabulls Housing were losers.

The Indian rupee opened higher by 5 paise at 64.33 per dollar versus previous close of 64.38.

Ashutosh Raina of HDFC Bank expects the rupee to continue trading in 64.20-64.70/dollar range, with a weakening bias.

The dollar fell while treasury yields reversed earlier declines, as political uncertainty in the United States sent investors in search of safer investments like gold and the Japanese yen. The dollar fell half a percent versus the yen.

Markets in Asia were mostly weaker, with the Japan's down 0.7 percent, following weak earnings from US retailer Macy's and ahead of the G7 finance meeting in Italy.

SENSEX OPENS FLAT,NIFTY ABOVE 9300 | TODAY STOCK MARKET TREND OUTLOOK 09 MAY 2017.

STOCK MARKET OUTLOOK

Benchmark indices opened in the green on Tuesday, with indices posting marginal gains and holding on to key milestones.

The 30-share Sensex was up 35.66 points at 29961.81, while the Nifty was up 11.50 points at 9325.55. The market breadth was healthy as 593 shares advanced against a decline of 179 shares, while 31 shares were unchanged.

Asian Paints, Hero MotoCorp, HDFC and Indian Oil were top gainers on both the indices, while Adani Ports, Bharti twins and Ambuja Cements lost the most.

On the global front, the S&P 500 ended flat on Monday after briefly touching a record high, while Wall Street's "fear gauge" dropped to its lowest in over two decades following centrist Emmanuel Macron's victory in the French presidential election.

The CBOE Volatility index dropped 7.6 percent to 9.77, its lowest since 1993 as investors took comfort from Macron's victory, as well as from strong quarterly reports in recent weeks.

A declining VIX typically indicates a bullish outlook for stocks, but the extreme lows the index has touched are sounding caution for some stock investors.

Asian equities were mostly muted after soaring in the previous trading session with investors focused on key regional events unfolding in the day, including a presidential election in South Korea and the release of the Australian federal budget.

Gold inched up early on Tuesday as Asian stocks eased, but was sitting near a seven-week low hit in the previous session as Emmanuel Macron's victory in French elections dampened the safe-haven appeal of the metal.

Meanwhile, following a successful IPO issue, S Chand and Company will be listing itself on the exchanges later in the day.

The IPO saw solid investor demand after it was oversubscribed 59.28 times at the close of its bidding hours.

The textbook publisher’s issue received bids for 45,56,00,794 shares against the total issue size of 76,85,284 shares, data available with the NSE showed.

SENSEX OPENS IN THE GREEN, NIFTY ABOVE 9300 | TODAY SHARE MARKET NEWS 08 MAY 2017.

SHARE MAREKT NEWS

Benchmark indices opened in the green, tracking positive global cues, with the Street seeing a quarter percent uptick.

The 30-share Sensex was up 79.41 points at 29938.21, while the Nifty was up 25.65 points at 9310.95. The market breadth was healthy as 733 shares advanced against a decline of 255 shares, while 40 shares were unchanged.

ICICI Bank, Asian Paints and cement stocks Ambuja Cements and ACC gained the most on both indices, while HDFC and Wipro lost the most.

Ambuja Cements and ACC gained between 5 and 7.5 percent on the back of merger talks between the companies, while Eicher Motors gained over 2.5 percent post its Q4 results. Avenue Supermarts, the operator of D-Mart, witnessed some profit-taking.

The Indian rupee gained in the early trade on Monday. It has opened higher by 10 paise at 64.27 per dollar versus Friday's close 64.37.

Pramit Brahmbhatt of Veracity said, "Consolidation near 64.20/USD, resulted into positive divergence on daily chart for USD. A technical pull-back may get extended till 64.50."

"Bias would remain positive for USD and USD-INR pair will trade in a range of 64.20 to 64.50," he added.

Meanwhile, Asian shares traded mostly higher on Monday following the landslide victory of Emmanuel Macron in the French polls on Sunday, with the Nikkei share average hitting its highest level since December 2015.

Macron defeated far-right candidate Marine Le Pen in the French presidential election, with the French interior ministry stating that the former had secured 65.1 percent of the vote. Macron, who is 39 years old, will become France's youngest president.

Market reaction was muted following the results of the French presidential vote, said National Australia Bank Head of FX Strategy Ray Attrill in a Monday morning note, although the euro/dollar bounced significantly.

stock market news

DALAL STREET RALLY CHEERS PEs LOOKING TO EXIT | TODAY MARKET NEWS UPDATE 06 MAY 2017.

TODAY MARKET NEWS

The recent stock market rally that helped the Sensex cross the 30,000 mark has buoyed many private equity investors as a majority of PE-backed firms that entered the market in recent years are trading at up to 300% more than their listing price.

Of the 67 IPOs in past five years, 42 — that is, 63% — have shown positive returns of between 25% and 300%, an ET analysis shows.

“IPO has been one of the most sought-after exit routes for PEs and with the markets going up, if t .

stock market news

NIFTY FALLS BELOW 9350 IN OPENING,SENSEX LOWER | TODAY STOCK MARKET UPDATE 05 MAY 2017.

STOCK MARKET NEWS

Equity benchmarks started off last day of the week on a negative note, with the Nifty falling below 9350 level on profit booking after a rally in previous session on account of RBI's approval for amendments to Banking Regulation Act.

The 30-share BSE Sensex was down 73.03 points at 30,053.18 and the 50-share NSE Nifty fell 23.20 points to 9,336.70.

Bank stocks continued their run up after President gave a nod to ordinance dealing with NPAs, amendment to Banking Regulation Act.

Reliance Industries, Asian Paints, Lupin, Coal India and Dr Reddy's Labs were early gainers.

The rupee opened 6 paise weaker against the dollar at 64.22 as nationalised banks bought the greenback heavily in early trade.

"The USD seems to have taken a breather ahead of US Jobs data later today and second round of French Presidential elections later this week, after a hawkish FoMC," Ashutosh Raina of HDFC Bank said.

The USD-INR pair continues to consolidate around the current levels. He expects the rupee to trade in the 64.10-64.40 range ahead of the crucial data today.

Asian markets struggled as traders await the US nonfarm payrolls data later and after drops in commodity prices overnight. The Australia's ASX 200 fell 0.74 percent while Hong Kong's Hang Seng Index was down 1.06 percent. The China's Shanghai Composite shed 0.68 percent.

Markets in Japan and South Korea remain shut for the Children's Day holiday.

SENSEX OPENS UP 150 PTS,NIFTY ABOVE 9350 | TODAY STOCK MARKET TRENDS UPDATE 04 MAY 2017.

SHARE MARKET NEWS

Equity benchmarks gained strength in early trade Thursday after seeing consolidation in past four consecutive sessions. Cabinet's approval to National Steel Policy 2017 and amendments to Banking Regulation Act boosted market sentiment.

The 30-share BSE Sensex was up 148.38 points at 30,043.18 and the 50-share NSE Nifty gained 35.75 points at 9,347.70. About 738 shares advanced against 247 declining shares on the BSE.

Nifty Bank gained after ICICI Bank's earnings and Cabinet's approval to amendments to Banking Regulation Act. ICICI Bank surged over 5 percent while Bank of Baroda, PNB, Canara Bank and SBI gained 1-2 percent.

The rupee opened 5 paise lower against the dollar at 64.20, primarily due to some strength in the greenback after the onclusion of the 2-day meet of the US Federal Reserve.

Mohan Shenoi of Kotak Mahindra Bank says US FoMC considered weak Q1 data as transitory, indicating a June hike in Fed rates is on track. As a result, the dollar has posted marginal gains against the yen in particular.

The rupee is consolidating after sharp gains in March and April. He expects the USD-INR pair to trade in a range of 64.10-64.40/dollar for the day.

Asian markets were mixed after the US Federal Reserve 'stuck to a hawkish bent overnight and as metals prices tumbled. Australia's ASX 200 and Hong Kong's Hang Seng Index fell 0.5 percent each while Japan's Nikkei gained 0.7 percent.

SENSEX RECLAIMS 30000 IN OPENING, NIFTY INCHES TOWARDS 9350 | TODAY STOCK MARKET NEWS UPDATE 03 MAY 2017.

SHARE MARKET TIPS

Equity benchmarks as well as broader markets opened higher on Wednesday despite mixed Asian cues. Investors awaited the outcome of two-day Federal Reserve Policy meeting due tonight.

The 30-share BSE Sensex was up 75.63 points at 29,996.81 and the 50-share NSE Nifty gained 23 points at 9,336.80. About 682 shares advanced against 194 declining shares on the BSE.

Bajaj Auto, NTPC, L&T, Hero Motocorp, ONGC, Power Grid, Bharti Infratel, BPCL and IOC were early gainers while ITC, Maruti, Sun Pharma, TCS, HDFC, Eicher Motors and Indiabulls Housing were under pressure.

The rupee opened 9 paise higher against the dollar at 64.12, as exporters and custodian banks sold the greenback in early trade.

Analysts attributed this intraday correction to the Reserve Bank of India (RBI) intervening to stem the rise of the rupee.

“The bias on the rupee is still positive,” said a dealer with a foreign bank.

“It is quite likely that we could see another sustained rally from here on.”

Asian markets were mixed, as gains on Wall Street overnight were offset by disappointment with Apple earnings, with traders looking ahead to the US Federal Reserve meeting results.

In Australia, the ASX 200 was down 0.95 percent amid declines in banking and some resources shares. The Shanghai Composite shed 0.33 percent while South Korea's Kospi was up 0.65 percent.

SENSEX REBOUNDS 100 PTS,NIFTY EYES 9350 | TODAY SHARE MARKET NEWS UPDATE 02 MAY 2017.

SHARE MARKET NEWS

The market started off the truncated week on a positive note after a long weekend, with the Sensex rising more than 100 points despite mixed Asian cues.

The 30-share BSE was trading at 30,029.76, up 111.36 points or 0.37 percent over previous close while the 50-share NSE Nifty was at 9,332.75, up 28.70 points or 0.31 percent.

Maruti Suzuki share price hit fresh record high of Rs 6,700, up 2 percent after showing 19.5 percent growth in April auto sales while Tata Motors fell nearly a percent.

HDFC, L&T, Asian Paints, ITC and ICICI Bank were other gainers while Reliance Industries and HDFC Bank were losers.

The Indian rupee opened marginally higher at 64.18 per dollar today against Friday's closing value of 64.24.

Bhaskar Panda of HDFC Bank says the USD-INR pair has been consolidating above the 64/dollar mark.

Today, he expects the pair to start around 64.25/dollar level and trade in an intraday range of 64.15-64.35/dollar range.

The dollar hit a one-month high against the yen today, lifted by treasury yields which surged after US Treasury Secretary Steven Mnuchin commented on the possibility of Ultra long-term bond issuance.

Asia markets were mixed as most major exchanges resumed after being shut for a public holiday on Monday.

Japan's Nikkei 225 climbed 0.7 percent while across the Korean Strait, the Kospi was up by 0.8 percent. In Hong Kong, the Hang Seng index rose 0.24 percent and Singapore's STI was up 0.95 percent. China's Shanghai Composite was down 0.25 percent.

SENSEX BREAKS 30000 INOPENING, NIFTY FALLS FURTHER ON WEAK ASIAN CUES | TODAY STOCK NEWS UPDATE 28 APRIL 2017.

Equity benchmarks extended losses in early trade Friday, tracking weakness in Asian peers on concerns over US-South Korea free trade pact.

The 30-share BSE Sensex was down 56.33 points at 29,973.41 and the 50-share NSE Nifty fell 30.70 points to 9,311.45. About 613 shares advanced against 408 declining shares on the BSE.

ITC, HDFC, HDFC Bank, TCS and HUL were top five contributors to Sensex' loss, down 0.7-1.5 percent whereas auto stocks were gainers ahead of April sales data due next week.

The rupee opened stronger against the dollar, appreciating to 64.11, 4 paise higher than its previous close.

Market participants said that the risk-on sentiment that gripped the market after the conclusion of the first round of the French presidential elections seems to have abated, albeit temporarily.

"The positive risk tone after the first round of French elections, appears to be taking a breather, after the mostly anticipated US tax cut plans and somewhat dovish ECB," said Ashutosh Raina of HDFC Bank.

Asian markets traded mostly weaker as comments from President Donald Trump on an existing free trade pact with Seoul to payment for a sophisticated anti-missile system caught investors by surprise.

SENSEX OPENS FLAT; NIFTY VOLATILE AHEAD OF F&O EXPIRY | TODAY STOCK MARKET NEWS UPDATE 27 APRIL 2017.

STOCK MARKET NEWS

Equity benchmarks opened Thursday's trade on a flat note after yesterday's record closing high and ahead of expiry of April futures & options contracts.

The 30-share BSE Sensex was up 42.84 points at 30,176.19 and the 50-share NSE Nifty gained 7.60 points at 9,359.45.

Lupin fell nearly 2 percent in opening on USFDA observations for Goa plnat but recovered immediately.

Adani Ports rebounded 1.5 percent after losing 2 percent in previous session. Tata Motors gained momentum further, up over a percent ahead of April sales data due next week.

Kotak Mahindra Bank gained over a percent ahead of earnings later today. HUL, M&M, Hero Motocorp and GAIL were other gainers while Axis Bank, HDFC, ICICI Bank, Bharti Airtel, BPCL, Hindalco and Bharti Infratel fell on profit booking.

The Indian rupee extended gains further as it has opened at 64.05 per dollar today, higher by 7 paise over 64.12 a dollar in previous session.

Mohan Shenoi of Kotak Mahindra Bank said global equity markets were continuing to rally reflecting risk-on sentiment and Asian currencies were also rallying on the back of the equity market rally.

The rupee is gaining with strong custodial flows. So he expects the USD-INR pair to trade in a range of 63.90-64.20/dollar for the day.

Markets in Asia were mostly lower following the lower close on Wall Street as investors parsed details on US President Donald Trump's highly-anticipated tax reform plans.

SENSEX AT ALL TIME HIGH, CROSSES 30K ; NIFTY EYES 9350 ON GLOBAL CUES | TODAY STOCK MARKET TREND REPORT 26 APRIL 2017.

TODAY MARKET TRENDS

Equity benchmarks started off day at fresh record high on Wednesday, with the Sensex surpassing psychological 30,000-mark on continued positive momentum and global cues.

The 30-share BSE Sensex was up 83.64 points at 30,026.88 and the 50-share NSE Nifty rose 32.35 points to 9,338.95, backed by banking & financials, FMCG and technology stocks.

HDFC, ITC, TCS, ICICI Bank, M&M, SBI and Reliance Industries were early gainers.

Axis Bank added more than 1 percent ahead of earnings later today while Wipro surged 2 percent on better-than-expected numbers in Q4 and hopes of strong FY18 earnings.

Cipla, Maruti Suzuki, Hero Motocorp, L&T, Bajaj Auto and Dr Reddy's Labs were early losers.

Indian rupee extended gains in early trade and breached the 64 mark against the US dollar in early trade.

It was trading at 63.99, the highest level since August 10, 2015 after opening higher by 7 paise at 64.19 per dollar.

Pramit Brahmbhatt of Veracity says the rupee can breach the stiff resistance of 64.20/dollar and may head higher. He expects the spot USD-INR pair to trade in a range of 64-64.40/dollar today.

Asian indexes traded higher, following the rise in US indexes on the back of strong earnings announcements and on expectations for US President Donald Trump's impending tax reforms.

SENSEX SOARS 170PTS, NIFTY ABOVE 9250 | TODAY STOCK MARKET TREND UPDATE 25 APRIL 2017.

STOCK MARKET NEWS

Equity benchmarks extended gains on Tuesday as the Sensex opened higher by more than 150 points and the Nifty reclaimed its 9250 level, backed by Reliance Industries. Positive Asian cues also aided the rally.

The 30-share BSE Sensex was up 171.05 points at 29,826.89 and the 50-share NSE Nifty gained 48.85 points at 9266.80. Nifty Bank opened at record high.

Reliance Industries surged 2.46 percent after better-than-expected earnings in Q4. M&M, ICICI Bank, Dr Reddy's Labs, Cipla, Indiabulls Housing Finance, Ambuja Cements and Hindalco were other early gainers.

(Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com)

Bharti Airtel, Infosys, NTPC, HCL Tech and ITC were losers.

The Indian rupee opened marginally higher at 64.42 per dollar today against previous day's closing value of 64.44.

Bhaskar Panda of HDFC Bank said, "Global currency movement has had little effect on the USD-INR as the pair remains rangebound."

"I do not see any breakout now as I expect the pair to trade within a range of 64.35-64.60/dollar today," he added.

The dollar index is lower against a basket of major currencies, though the euro surged against the US dollar on relief over Emmanuel Macron's victory against Marine Le Pen.

Equities held in the green in Asia following the global relief rally after the first round of France's presidential election stoked a relief rally, with several regional markets jumping to multi-year highs.

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.

TOP 20 STOCKS WHICH FUND MANAGERS DUMPED IN MARCH QUARTERS | STOCK NEWS REPORT 22 APRIL 2017.

STOCK NEWS REPORT

Mutual funds, which poured in over Rs 2,000 crore in Indian equity markets in March, pared their positions or made an exit in stocks such as Coal India, Divi’s Laboratories, Tech Mahindra, TCS and Dr. Reddy’s Laboratories which slipped up to 20 percent so far in the year.

After a lacklustre 2016, 2017 has been nothing short of a blockbuster year for investors with benchmark indices hitting fresh record highs in April. The S&P BSE Sensex and Nifty rose 11 percent and 12 percent respectively.

The large part of the rally was driven by abundance liquidity from both global as well as domestic investors who poured in close to Rs 30K crore in January-March period.

Stocks, which mutual funds dropped in March based on market value, include names like Axis Bank, Divi’s Laboratories, Tech Mahindra, Coal India, Bharti Airtel, TCS, Dr Reddy’s Laboratories, JSW Steel, Ashok Leyland, BHEL, Orient Cement, Info Edge, Equitas Holdings, Sun Pharma etc. among others, said an IDBI Capital report.

This could be a sign of cautions for investors. Either mutual funds would have booked profits in these stocks or the fundamentals does not support the current valuation. In either case, it is a sign of caution for investors. Most of the stocks mentioned in the list have given negative return so far in the year.

SENSEX, NIFTY OPEN MARGINALLY HIGHER | TODAY STOCK MARKET NEWS UPDATE 20 APRIL 2017.

STOCK MARKET NEWS

Benchmark indices opened marginally higher amid consolidation on Thursday, with the Nifty eyeing 9150 level following positive Asian cues.

The 30-share BSE Sensex was up 31.90 points at 29,368.47 and the 50-share NSE Nifty gained 16.05 points at 9,119.55. About 649 shares advanced against 181 declining shares on the BSE.

ICICI Bank and Axis Bank fell 1-2 percent in early trade after Yes Bank showed bad asset quality performance. The stock lost nearly 3 percent post earnings.

However, HDFC Bank, HDFC, Reliance Industries, ITC and Infosys supported the market.

The Indian rupee slipped in the early trade today. It has opened lower by 8 paise at 64.66 per dollar versus previous day's closing value of 64.58.

Mohan Shenoi of Kotak Mahindra Bank says the rupee is rangebound, consolidating after sharp gains in March. USD-INR trading range for the day is 64.50- 64.80/dollar, he adds.

The dollar rose, a day after dropping to a 3-week low, but gave up some gains after a report from the Federal Reserve suggested the outlook for the US economy isn't as rosy as it was earlier in the year.

Asian indexes were cautiously higher today, following key earnings on Wall Street and as oil prices came off two-week lows set earlier in the session.

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.

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