MONDAY COULD BE A MAKE OR BREAK FOR NIFTY; TODAY STOCK UPDATE 14 APRIL 2017.

STOCK MARKET NEWS

After days of the sideways movement, Nifty gave first sign of feebleness after it closed below the three-digit Gann number of 9,160 for the first time since 29th March 2017. 

However, a confirmation of a close below the same is required to ensure a change in orbit towards 9,010. Meanwhile, Bank Nifty is acting like a lone warrior after posting a weekly rally of 1.1 percent as it continues to trade above the four-digit Gann support of 21,400. 

Recent out performance of Bank Nifty has restricted the decline in the markets. It certainly holds the key in deciding the next leg of the journey of the index. 

Post the five weeks of consolidation at the top and lack of momentum to carry the index past 9,300 suggests that market is missing the much-required ammunition. 

By the end of Monday’s session, the index will give a clear signal whether the markets are sustaining at current levels or not.

CORPORATE NEWS:-

1. Mukesh Ambani retains the richest Indian title in Global Rich List; Mumbai is home to 42 billionaires.
2. Tata Power appoints N Chandrasekaran as Chairman.

NIFTY OPENS ABOVE 9100,SENSEX HIGHER | TODAY SHARE MARKET REPORT UPDATE 29 MARCH 2017.

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Picking up from where it previously left, the market opened on a higher note, tracking global cues and steady domestic developments around GST as well.

The 30-share BSE Sensex was up 71.07 points at 29,480.59 and the 50-share NSE Nifty rose 22.80 points to 9,123.60. About 751 shares advanced against 204 declining shares on the BSE.

Bharti Infratel, Tata Power, Axis Bank, Bharti Airtel, Tata Steel, L&T and SBI were early gainers while Wipro, Adani Ports, Reliance Industries, GAIL, Tata Motors and BPCL were losers.

The Indian rupee gained past USD 65 against the US dollar for the first time since October 28, 2015. It closed at 65.04 to the dollar in previous session.

NS Venkatesh of Lakshmi Vilas Bank says the rupee is expected to take cues from the equity market and the FPI flows. There could be month and quarter-end demand from the importers which could be balanced by the FPI flows, he feels.

He expects the rupee to trade in a range of 64.90-65.35/dollar today.

The dollar pulled away from 4 month lows against currency basket as solid data backed expectations for more US Interest rate hikes this year, sterling was knocked by concern about Britain's impending exit from the European Union.

Asia markets were mostly higher, after US equities rose higher on the back of a strong consumer confidence survey with markets awaiting the formal move by the UK to start an historic split with the European Union.

TOP 20 STOCK UPDATE | MARKET NEWS UPDATE REPORT 18 MARCH 2016.

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Rising liquidity in domestic mutual funds (MFs) is one of the biggest factors in driving rally on D-Street which is trading at record highs. But, there are 20 such stocks in which top mutual fund managers preferred to either book profits or exit completely.

The total assets under management (AUM) increased to yet another record high of Rs 17.89 lakh crore in the month of February 2017. On a month-on-month basis, AUM of all categories witnessed rise except GILT which witnessed a fall while balance fund saw the highest rise.

The liquidity-driven rally has already pushed valuation of many stocks near their long-term averages and a fall in holding could be a seen as a signal of topping out. The AUM of equity fund increased by 4.6 percent to Rs 4.63 lakh crore in February 2017 over January 2017.

Interestingly, the majority of the stocks in which fund managers exited completely in the month of February are from the Nifty index.

Blue chip stocks which top mutual fund managers decided to offload include names like HDFC Bank, Tata Motors, M&M, Coal India, L&T, and BPCL, IDBI Capital said in a report.

HDFC Bank has was the biggest casualty in the all the top 20 stocks as funds offloaded 25 crore shares worth Rs 32,226 crore, followed by L&T which saw a total value erosion of Rs 14,473 crore.

Other largecap stocks which are also part of Nifty in which mutual fund managers decided to bring down their holding include names like Coal India, Bajaj Auto, Hero MotoCorp, UltraTech Cements, Grasim Industries, IndusInd Bank, BPCL, Axis Bank, Kotak Mahindra Bank etc.

Fund managers also exited from mid and small-cap stocks which have been the biggest beneficiary of the liquidity wave so far in the year 2017. Fund managers from top AMCs decided to pare holdings in Equitas, United Breweries, Cadila Healthcare etc. among others.

Axis MF, whose equity schemes gave an average return of over 11 percent in the last one year has completely exited these five stocks which include names like Coffee Day Enterprises, BASF, Pfizer, The South Indian Bank, and DCB Bank.

Baroda Pioneer MF AMC which gave a return of nearly 20 percent in the last one year completely exited from stocks such as RIL, Divis Laboratories, Aurobindo Pharma, Bajaj Finance, Power Finance Corporation, and Equitas Holdings.

BOI AXA Investment Managers AMC which gave a return of over 30 percent completely exited from stocks like Bharat Financial, TCS, Atul, JK Lakshmi, M&M, Suprajit Engineering, ICICI Prudential, Dabur India, PNB Housing Finance, Emami and Colgate-Palmolive.

HOW MERGING PF ACCOUNTS HELPS AVOID TAX ON WITHDRAWALS | EQUITY RESEARCH LAB MARKET NEWS.

MARKET NEWS 

Have you worked in more than one establishments where you have maintained provident fund accounts? Have you kept the amounts lying in your PF account with the earlier establishments without transferring the PF funds to the present employer? If so, you should shed your inertia and consolidate all accounts by merging them. The Employees’ Provident Fund Organisation (EPFO) has advised subscribers to merge all their accounts to reduce the tax incidence in case of early withdrawals of funds. “The total service in the present establishment as well as previous establishments is counted and therefore it is advisable to merge all PF accounts,” EPFO has said while issuing new composite claim forms to facilitate withdrawals. Tax is deducted at source on EPF corpus if the money is withdrawn before one makes contributions for at least 5 years (60 months). Thus a merger of previous accounts will increase the period of contribution by the number of months put in by the subscriber in the previous establishments and could help in escaping the tax incidence. Also, one should have a Permanent Account Number (PAN) issued by the Income Tax Department to reduce the tax incidence in case one needs to withdraw PF money for any specified purpose before the mandatory 5-year period of contribution to avoid tax on withdrawals. As per EPF rules, the TDS rate is 10 percent if the member submits PAN number. In the absence of a PAN number, the TDS is deducted at a much higher rate of 34.6 percent. The EPFO had recently eased withdrawals processes by allowing subscribers whose Aaadhar number and bank details are provided with their Universal Account Numbers (UAN) to submit their claim forms directly to the EPFO without attestation of employers. However, those who have not seeded their Aadhar numbers and bank details will continue to have their claims verified by the employer. EPFO has also permitted self-attestation of documents by subscribers that are required for partial withdrawals from accumulated PF corpus. Also, the earlier requirement of enclosing certain documents such as marriage card in in case of marriage advance, or proofs required for withdrawals for post-matriculation education of children have been dispensed with.

Read more at: http://www.moneycontrol.com/news/retirement/how-merging-pf-accounts-helps-avoid-taxwithdrawals_8566761.html?utm_source=ref_article

SENSEX OPENS HIGHER ,NIFTY RECLAIMS 8750 | TODAY NIFTY MARKET REPORT UPDATE 16 FEB 2017.

Equity benchmarks rebounded in opening on Thursday after two-day losses, supported by PSU banks and technology stocks. The 30-share BSE Sensex was up 48.32 points at 28203.88 and the 50-share NSE Nifty rose 14.25 points to 8738.95. SBI gained 2 percent after cabinet approved merger of five associate banks with the bank. State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore rallied 6 percent each. TCS rose 1.71 percent as the board of directors will consider buyback of shares on February 20. Infosys, Cipla, Tata Motors and Sun Pharma were other gainers while ITC, Bharti Airtel, Aurobindo Pharma, Bharti Infratel, Coal India, ICICI Bank and HDFC Bank were under pressure. The Indian rupee has opened lower by 4 paise at 66.94 per dollar against previous close of 66.90. Mohan Shenoi of Kotak Mahindra Bank says dollar rally looks to have lost steam despite Federal Reserve chair Janet Yellen's hawkish testimony and uncertainty regarding Trump's economic & foreign policy. Rupee has been resilient on the back of change in monetary policy stance of RBI, he feels. He expects USD-INR to trade in the range of 66.70-67 for the day. The dollar retreated from 1-month high as investors took profits after US data showed robust growth in retail sales and consumer prices in January. Asia markets traded mixed today, despite US gains as stocks closed at fresh highs for a fifth-straight day despite US overnight gains with Toshiba shares down anew. Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 notching a seven-session winning streak, helped by a round of robust economic data and ongoing optimism that President Donald Trump will cut corporate taxes.

State-owned refiners BPCL, HPCL and IOC alongside a company floated by directors of drugmaker Sun Pharma were declared as winners of the much-hyped small oil and gas field discovery auction. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved award of 31 fields out of the 34 that had received bids. Bharat PetroResources Ltd, a unit of Bharat Petroleum Corporation Ltd (BPCL), won as many as four of the fields while Hindustan Petroleum Corporation Ltd's subsidiary Prize Petroleum and Indian Oil Corporation (IOC) walked away with three each. Sun Petrochemicals Pvt, a privately-owned company formed by the directors of Sun Pharmaceuticals Industries Ltd, won the B-37 Cluster in Mumbai offshore, for which it was the sole bidder. It had bid for 6 out of the 46 fields that were auctioned last year. 

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-opens-higher-nifty-reclaims-8750-sbi-tcs-lead-gainers_8506261.html?utm_source=ref_article

NIFTY EYES 8350, SENSEX UP 150 PTS | TODAY NIFTY REPORT UPDATE 11 JANUARY 2017.

DERIVATIVE REPORT | NIFTY REPORT UPDATE

NIFTY FUTURE REPORT

NIFTY FUTURE :	R1:8308	R2:8322	R3:8347
PIVOT :8284	S1:8269	S2:8245	S3:8230

Indian benchmark indices snapped two days losing streak and closed at two months high. Post the sideways movement till the afternoon session Indian markets broke out in the concluding half an hour where Nifty and Sensex closed 0.65% up at 8289 and 26900 levels respectively. Broader markets maintained outperformance where midcap and small cap indices closed 0.8% and 0.7% higher. Market bias remained positive with 1662 advances and 1151 declines. BSE Metal and BSE Industrials were the top performers with the indices gaining by 1.42% and 1.57%.PSU Bank Index gained impressively even as all sectoral indices close in green indicating a broad-based rally in markets today BSE consumer durables and BSE Auto were the other sectoral index that gained more than 1% on Tuesday. Nifty traded near 8294 levels and closed just below the crucial level at 8289. Nifty has managed to close above its 200 days EMA at 8242. Going forward the immediate resistance at 8298-8300 levels remain intact which is also its 100 days EMA level. On the downside 8260 followed by 8228 will act as the immediate supports for now.

Today, Nifty open Gap up at 8274.80 to its previous closing at 8249.90 .Nifty continued its consolidation movement and then settle down with a consolidated movement. On daily chart, nifty can touch the level of 8350-8400.Whereas, if nifty unable to sustain above 8150 then further selling pressure can be seen. Next support for nifty is lying at 7900.Nifty can be range bound between 7900-8200.

NIFTY BANK FUTURE REPORT

NIFTY BANK FUTURE OUTLOOK

BANK  NIFTY FUTURE :	R1:18486	R2:18541	R3:18625
PIVOT :18402	S1:18346	S2:18263	S3:18207

Bank nifty open gap up  today and  followed the range bound movement over the full trading hour’s  Its closed above the 18400, above that level new level for bank nifty would be 18600-18800 come soon. HDFC BANK and YES BANK is the gainers of the day +1.72 and +1.14 Respectively.

Bank nifty open gap up at 18380.00 to its previous closing at 18329.45 on Tuesday. Major support of bank nifty seen at 17600 on daily time frame. Its closed above 18400 on Tuesday session. Bank nifty may be touch the new high at the level of 18600-18800 soon. Above 18200 bullish trend might be follow by bank nifty, trader  can keep eye on its support & consolidation phase between the 18100-18175. Below that support short position might be seen. up side target would be 18600 to 18800 with sl of 18100.

USDINR

USDINR :	R1:68.39	R2:68.47	R3:68.60
PIVOT : 68.26	S1:68.18	S2:68.05	S3:67.97

The Indian rupee has opened higher by 13 paise at 68.08 per dollar on Tuesday against previous close 68.21. Dollar Index has been taking a beating after recent highs. US dollar weakened against the safe-haven yen as investors' reduced appetite for risk The pound declined to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit

ASIAN MARKETS

NAME	CHANGE	% CHANGE
NIKKEI 225	-66.36	-0.34
STRAITS TIMES	24.48	0.81
HANG SENG	186.16	0.82
TAIWAN WEIGHTED	7.22	0.8

Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.83%, while the Nikkei 225 led the Shanghai Composite lower. They fell 0.79% and 0.30% respectively.

INDIAN MARKETS

Name	Change	% Change	Open	High	Low
Nifty 50	52.55	0.63	8262.70	8293.80	8261.00
Nifty Bank	122.95	0.67	18351.45	18441.15	18275.75
Nifty Metal	40.10	1.42	2799.90	2838.40	2797.00
Nifty Pharma	43.25	0.42	10355.45	10380.30	10321.55
Nifty Realty	-0.50	-0.28	179.70	180.70	178.30

Name	Change	% Change	Open	High	Low
Sensex	173.01	0.64	26811.63	26914.95	26804.17
S&P BSE Small Cap	52.56	0.61	8522.53	8552.25	8520.65
S&P BSE Midcap	87.64	0.70	12519.91	12588.47	12519.91

TOP GAINER vs TOP LOSER

TOP GAINER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
HINDALCO	158.00	165.05	+4.46
TATA MOTORS	500.15	517.90	+3.55
ADANIPORTS	284.70	293.90	+3.23
TATAMTRDVR	317.70	327.00	+2.93
TATA STEEL	422.00	431.90	+2.35

TOP LOSER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
AXIS BANK	452.75	447.80	-1.09
GRASIM	858.60	850.45	-0.95
ACC	1327.85	1317.30	-0.79
DRREDDY	3060.20	3042.00	-0.59
CIPLA	576.70	573.70	-0.52