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.

SENSEX,NIFTY OPEN AT FRESH RECORD HIGH | TODAY SHARE MARKET TREND OUTLOOK 11 MAY 2017.

MARKET UPDATE

Equity benchmarks continued their positive performance, with the Nifty opening at a fresh record high of on Thursday. Indices opened comfortably above their new milestones.

The Sensex was up 52.38 points at 30300.55, while the Nifty was up 26.10 points at 9433.40. the market breadth was healthy as 629 shares advanced against a decline of 172 shares, while 45 shares were unchanged.

Midcaps and banks gained around half a percent, along with the IT index.

Mahindra & Mahindra, Tata Steel, Hindalco and Zee Entertainment were the top gainers, while Bharti Airtel and HUL lost the most.

HCL Technologies was up over 1 percent following its better than expected Q4 results, while Zee Entertainment gained 3 percent on the back of strong March quarter performance.

Asian indexes were cautiously higher in early Thursday trade, following a mixed close stateside as investors noted Snap's USD 2.2 billion loss, and monitored potential fallout on President Donald Trump's policies after FBI Director James Comey was fired.

Comey was dismissed by US President Donald Trump yesterday reportedly to increase public trust. The search for Comey's replacement is underway.

The Nikkei 225 edged up 0.2 percent while South Korea's benchmark Kospi index added 0.55 percent on Thursday. The ASX 200 was slightly higher, gaining 0.04 percent in early trade.

US stocks were mixed on Wednesday as investors digested President Donald Trump's abrupt dismissal of his FBI chief as well as corporate earnings from Walt Disney and Nvidia.

The Dow Jones industrial average lost ground, while the Nasdaq closed at a record high.

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 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 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.

SENSEX GAINS 250 PTS,NIFTY ABOVE 9200 | TODAY STOCK MARKET NEWS REPORT 18 APRIL 2017.

STOCK MARKET NEWS

Equity benchmarks as well as broader markets rebounded after three-day consolidation despite mixed Asian cues. Investors awaited TCS earnings due later today.

The 30-share BSE Sensex was up 106.04 points at 29,519.70 and the 50-share NSE Nifty rose 28.55 points to 9,167.85. About 768 shares advanced against 209 declining shares on the BSE.

GAIL extended rally, up nearly 2 percent followed by Hindalco, Tata Steel, NTPC, BHEL, Adani Ports, IOC and HCL Technologies while Coal India, M&M, Cipla, Bharti Airtel, Eicher Motors and HDFC were losers.

The Indian rupee opened flat at 64.50 per dollar today against previous close of 64.51.

Bhaskar Panda of HDFC Bank says on the downside, 64.30/dollar is getting protected. Selling pressure also comes in while the pair rally.

Today USD-INR pair is expected to trade within a range of 64.35-64.55/dollar after opening around 64.45/dollar, he feels.

The US dollar fell against other major currencies amid rising geopolitical tensions in the Korean Peninsula.

Asian shares were mixed as geopolitical tensions took a backseat following a failed missile test by North Korea at the weekend and as US Vice President Mike Pence continues his tour of Asia.

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.

SENSEX OPENS 100 PTS LOWER ON CAUTION AHEAD OF RBI MEET OUTCOME | TODAY STOCK MARKET NEWS UPDATE 06 APRIL 2017.

SHARE MARKET OUTLOOK

Equity benchmarks opened lower on Thursday, with the Sensex falling more than 100 points on profit booking as investors maintained cautious stance ahead of outcome of RBI Monetary Policy Committee meet later today. Weak global cues also weighed.

The 30-share BSE Sensex was down 117.91 points at 29,856.33 and the 50-share NSE Nifty fell 36.60 points to 9,228.55.

HDFC, Reliance Industries, ICICI Bank and L&T dragged the market while Tata Motors and Bajaj Auto were gainers.

The Indian rupee declined in early trade. It has opened lower by 18 paise at 65.05 per dollar versus 64.87 Wednesday.

Mohan Shenoi of Kotak Mahindra Bank said, "The dollar has been in a tight range against majors in the absence of any significant triggers. The FOMC minutes released yesterday were in-line with market expectation of a spaced out rate hikes during the year."

"Rupee has rallied strongly on the back of custodial selling. We expect the USD-INR pair to trade in a range of 64.85-65.15/dollar for the day," he added.

Asian markets fell, tracking losses on Wall Street after the Federal Reserve released its March Federal Open Market Committee (FOMC) minutes which was viewed as hawkish.

SENSEX,NIFTY HOLD GAINS; MIDCAP INDEX HITS RECORD HIGH | TODAY DERIVATIVE REPORT UPDATE 28 MARCH 2017.

DERIVATIVE REPORT OUTLOOK

NIFTY FUTURE REPORT

NIFTY FUTURE :	R1:9107	R2:9147	R3:9183
PIVOT : 9071	S1:9031	S2:8995	S3:8955

The Nifty started the expiry week on a dismal note with selling clearly visible in heavyweights. However, writing activity in 9000 strike Put continued indicating major support. Nifty futures settled at a premium of 23 points. India VIX rose 3.8% and ended at 12.4.The highest Put base is at the 8800 strike with 53 lakh shares while the highest Call base is at the 9200 strike with 70 lakh shares. The 9000 and 9100 Call strikes saw additions of 4.1 and 15.0 lakh shares respectively, while 9000 and 8900 Put strikes saw additions of 3.6 and 2.1 lakh shares, respectively.

The Nifty has respected the doji pattern which was formed on friday and witnessed a rebound from 9110 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 9010 then level on downside is between the 8970-8899, 9010 is the next support for Nifty future.

BANK NIFTY FUTURE OUTLOOK

BANK NIFTY FUTURE REPORT

BANK  NIFTY FUTURE :	R1:21187	R2:21272	R3:21369
PIVOT : 21089	S1:21004	S2:20906	S3:20821

Bank of Baroda and Indusind bank are among the top gainer of the day. Despite the Nifty correcting  65 points, Nifty Bank index continued outperforming on the back of short covering. Looking at the open interest, the upswingin PSU and midcap banks is likely to continue with a strong support near 20900.

Bank nifty open at 21000 to its previous closing at 21140 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 may open scope for new high in bank nifty.

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	276.94	1.46
STRAITS TIMES	16.02	0.51
HANG SENG	164.57	0.68
TAIWAN WEIGHTED	26.21	0.27

Asian markets traded negative on Monday. China's Shanghai composite fell 0.08 percent or 2.63 points to close at 3,266.82 Hong Kong’s Hang Seng was negative by 164.57 points.

INDIAN MARKETS

INDEX	PREV CLOSE	OPEN	HIGH	LOW	CLOSE	GAIN/LOSS
Nifty 50	9108	9093.45	9094.85	9024.65	9045.2	-62.8
Nifty IT	10768.95	10735.5	10787.2	10630.85	10648.5	-120.45
Nifty Bank	21122.55	21178.1	21179.2	20979.55	21056.9	-65.65
Nifty Pharma	10556.35	10526.5	10543.7	10427.55	10441.9	-114.45
India VIX	11.9775	11.9775	12.57	11.3375	12.435	0.4575

TOP GAINER vs TOP LOSER

TOP GAINER

Company	LTP(Rs.)	% Change
BANKBARODA	171.90	+1.69
INFRATEL	315.25	+1.56
INDUSINDBANK	1405	+1.11
POWERGRID	195.80	+1.06
HDFC	1477	+0.98

TOP LOSER

Company	LTP(Rs.)	% Change
IDEA	1059.85	-3.63
TATASTEEL	472.35	-3.51
HINDALCO	516.60	-3.44
RELIANCE	2428	-2.97
HCLTECH	229.70	-2.45