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.

MULTIPLE SUPPORT FOR NIFTY PLACED AROUND 9250 | TODAY NIFTY TREND OUTLOOK 10 MAY 2017

NIFTY REPORT 

NIFTY SPOT :	R1:9334	R2:9352	R3:9365
PIVOT : 9321	S1:9303	S2:9289	S3:9272

CHART  INTERPRETATION

The Nifty took support near  the cluster of support placed around 9060-9070 region as it is the upper band of bullish gap area formed on March 14, 2017 post state election results (9060) and 80% retracement of the last rising segment placed around 9070. Going forward, we expect the index to trade with a positive bias and a decisive close above 9310 will add fuel to the ongoing momentum and open further upsides towards 9450 over the short term as it is the value of the trend line joining 2016 yearly high and March 2017 peak of 9218. Among oscillators, the 14 period RSI is exhibiting a negative divergence as it has formed lower high against higher high on price front. This may keep the index vulnerable to bouts of profit taking at higher levels

INDEX  OUTLOOK

Nifty Future: The Nifty is likely to open  flat to positive on the back of weak Asian cues. Its important to sustain above 9260 to move upwards. Buy  Nifty near 9270-9290 for targets of 9350,9400 stop loss: 9250

 Nifty Bank Future: Profit booking was seen after hiting new life time However, private sector banks like Axis and HDFC Bank have seen a long accumulation pattern. Looking at the build-up in 23000 strike, we feel the index is well placed to test highest Call base. Buy Nifty Bank in the range of 22600-22650, targets: 22750-22850, stop loss: 22500

SECTORAL INDICES

Key Indices – Levels to watch out for the day
INDEX (Spot)	RESISTANCE 2	RESISTANCE 1	LTP	SUPPORT 1	SUPPORT 2
SENSEX	30300	30125	29933.25	29775	29600
NIFTY	9430	9375	9316.85	9270	9220
NIFTYBANK	23030	22860	22707.30	22545	22400
NIFTYIT	10465	10360	10279.60	10160	10040

CORPORATE NEWS

• FMCG firm Godrej Consumer Products reported more than three-fold jump in consolidated net profit of Rs 390 cr for Q4FY17. In the corresponding quarter last year, company had an exceptional loss of Rs 189 cr resulting in lower profit of Rs 125 cr. Net Sales was up 12.5% to Rs 2,480 cr. The operating profit rose 20.8% at Rs 550.7 cr and EBITDA margin was at 23%. The company has declared a bonus issue of 1:1 and an interim dividend of Rs 12 per share.
• Dena Bank’s Q4FY17 standalone Net Interest Income came in at Rs 450 cr, a 28% YoY decline on lower interest income. Gross NPAs for the period recorded a 47% YoY jump to Rs 12,618 cr leading to a 632 bps worsening of asset quality. Gross NPA stood at 16.27% in Q4FY17, up from 14.79% in Q3FY17. Provisions increased by 7.9% YoY to Rs 972 cr. The net loss for the quarter widened to Rs 575 cr vs net loss of Rs 326 cr in Q4FY16.
• Another PSU lender, Syndicate Bank reported a net profit of Rs 103 cr for Q4FY17 compared to a loss of Rs 2,518 cr YoY, on the back of lower provisions and higher other income. Net interest income increased 27.3% to Rs 1,861 cr YoY. As a percentage of total loans, gross NPAs dropped to 8.5% at the end of the March quarter from 8.69% in Q3FY17 and 6.70% in Q4FY16.

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.

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

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 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.

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.

Share Market Tips

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.

MARKET OPEN LOWER,NIFTY BELOW 9200 | TODAY STOCK MARKET NEWS UPDATE 13 APRIL 2017.

STOCK MARKET NEWS

The benchmark indices opened marginally lower on Thursday on the back of weak global cues.

The Sensex down 46.92 points at 29596.56, and the Nifty down 18.35 points at 9185.10. About 673 shares have advanced, 441 shares declined, and 55 shares are unchanged.

Reliance Industries, Cipla, Sun Pharma, Bajaj Auto, GAIL, Bosch, Indiabulls Housing and Aurobindo Pharma are the top gainer on the indices, while Adani Ports, Infosys, Tata Steel, Larsen and Toubro, Tata Motors, Hindalco and Tata Power are the top losers.

Infosys has reported profit at Rs 3,603 crore for January-March quarter, degrowth of 2.8 percent against Rs 3,708 crore in previous quarter.

Revenue fell 0.88 percent to Rs 17,120 crore compared with Rs 17,273 crore previous quarter.

The Indian rupee opened higher by 24 paise at 64.44 per dollar on Thursday versus previous close 64.68.

Mohan Shenoi of Kotak Mahindra Bank said, "Geopolitical risks concerning North Korea and Syria have resulted in risk-off sentiment with the dollar losing ground against the yen in particular. Custodial flow has supported rupee in the past few weeks."

"We expect the USD-INR pair to trade in a range of 64.40-64.70/dollar for the day," he added.

The dollar slumped broadly - falling to a five-month low against the yen, after US President Donald Trump helped accelerate its recent decline by saying the currency was too strong and that he would prefer the Federal Reserve to keep interest rates low.

SENSEX OPENS HIGHER,NIFTY EYES 9200 | TODAY STOCK MAKET NEWS OUTLOOK 11 APRIL 2017.

INDIAN MARKET UPDATES

Equity benchmarks started off day on a mildly positive note, with the Nifty inching towards 9200 level despite weak global cues, backed by Infosys and banks. However, Reliance Industries and FMCG stocks capped gains.

The 30-share BSE Sensex was up 31.01 points at 29,606.75 and the 50-share NSE Nifty gained 5.15 points at 9,186.60.

Infosys was the leading gainer among largecaps, up over a percent ahead of Q4 earnings due on Thursday. A CNBC-TV18 poll expects a 3.7 percent fall in profit and 0.2 percent decline in dollar revenue QoQ.

Vedanta fell 6 percent as the stock adjusted for dividend.

The Indian rupee opened lower by 9 paise at 64.65 per dollar today against previous close of 64.56.

Bhaskar Panda of HDFC Bank says in US, non-farm payroll number was below market expectations but unemployment rate was lower. The dollar index is hovering just below 101.

He expects the USD-INR pair to trade in a range of 64.45-64.65/dollar.

The dollar edged lower as concerns over tensions with North Korea and Syria weighed on US treasury yields and offset expectations of US interest rate hikes.

Asian equities were under pressure, following a lower close on Wall Street as geopolitical tensions continued to weigh.

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 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 OPENS AT ALL TIME HIGH, SENSEX UP OVER 100 PTS | TODAY DERIVATIVE REPORT UPDATE 04 APRIL 2017.

DERIVATIVE REPORT OUTLOOK

NIFTY FUTURE REPORT

NIFTY FUTURE :	R1:9156	R2:9170	R3:9189
PIVOT : 9137	S1:9123	S2:9105	S3:9091

The Nifty started the expiry week on a dismal note with selling clearly visiblein 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 given proper follow up after respected the trendline last week which was placed at 9020 and witnessed a rebound from there. We believe 9200-9220 will remain a crucial overhead hurdle for the index .If Nifty is unable to sustain above 9220 then level on upside is between the 9270-9300. 9200 is the next resistance for Nifty future.

BANK NIFTY FUTURE OUTLOOK

BANK NIFTY FUTURE REPORT

BANK  NIFTY FUTURE :	R1:9197	R2:9218.66	R3:9229.33
PIVOT : 21360	S1:9165.33	S2:9154.66	S3:9133.33

HDFC Bank, ICICI Bank andAXIS Bank are among the top losser of the day. 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 21512.25 to its previous closing at 21545.45 on Thursday. Bank Nifty has faced resistance at trendline which is place at 21500. Bank Nifty need to sustain above 21500 to trade higher. 

USDINR

USDINR :	R1:65.1585	R2:65.2640	R3:65.3710
PIVOT : 65.0515	S1:64.9460	S2:64.8390	S3:64.7335

The Indian rupee was little changed against the dollar, as greenback purchases by state-run lenders likely on behalf of the central bank and importers offset gains arising from strong local shares. India is implementing the General Anti-Avoidance Rule, or GAAR, from the next financial year that starts Apr. 1. Investors have beenwary of the proposed legislation - first tabled in 2012-13 federal budget - that gives authorities the right to examine and tax transactions if they believe those deals were structured solely to evade tax payments. USDINR is expected to trade with negative bias in today’s session. Resistance is at 65.10 and support is at 64.80 mark.

ASIAN MARKET

NAME	CHANGE	% CHANGE
NIKKEI 225	-153.96	-0.81
STRAITS TIMES	1.87	0.06
HANG SENG	-189.50	-0.79
TAIWAN WEIGHTED	-36.63	-0.37

Asian markets traded negative on Friday. China's Shanghai composite rose 0.38 percent or 12.36 points to close at 3,222.60 Hong Kong’s Hang Seng was negative by 189.50 points.

INDIAN MARKETS

INDEX	PREVIOUS CLOSE	OPEN	HIGH	LOW	CLOSE	GAIN/LOSS
Nifty 50	9173.75	9158.9	9191.7	9152.1	9173.75	0
Nifty IT	10730.75	10735.6	10752.35	10634.9	10703.25	-27.5
Nifty Next 50	25013	25066.25	25161.7	25026.1	25119.45	106.45
Nifty Bank	21620.7	21551.85	21574.15	21414	21444.15	-176.55
Nifty MID100 Free	17110.3	17147.4	17221.65	17131.65	17197.15	86.85

TOP GAINER VS TOP LOSER

TOP GAINER

Company	LTP(Rs.)	% Change
RELIANCE	1320.60	+3.93
IOC	387	+2.71
HINDALCO	194.55	+2.23
ACC	1450	+2.19
NTPC	165.85	+1.69

TOP LOSER

Company	LTP(Rs.)	% Change
HDFCBANK	1440	-1.79
ICICIBANK	276.35	-1.78
GRASIM	1050.20	-1.69
AXISBANK	490.80	-1.69
HDFC	1499.85	-1.32