Day Trading Market Update By CapitalHeight

The market has opened strong with the Nifty hitting 7900 cheering results of the exit polls. The 50-share index is up 46.05 points or 0.6 percent at 7906.80. The Sensex is up 147.05 points or 0.6 percent at 25800.28. About 550 shares have advanced, 166 shares declined, and 27 shares are unchanged. For More information visit www.capitalheight.com/about.php

   ONGC, Axis Bank, ICICI Bank, HDFC and Bharti Airtel are top gainers while Tata Motors, Bajaj Auto and Asian Paints are losers in the Sensex.

     The Indian rupee opened marginally higher by 6 paise at 66.74 per dollar against previous close of 66.80.

       Asian markets advanced as energy plays rallied after rising oil prices spurred a banner session on Wall Street. Japan's benchmark Nikkei 225 index tacked on 0.70 percent, likely boosted in part by a slightly weaker yen. The US dollar was fetching 109.03 yen at 8:06 a.m. SIN/HK time, up from levels as low as around 108.50 yen in the previous session.

          The Dow Jones industrial average rose 175.39 points, or 1 percent, to 17,710.71, the S&P 500 gained 20.05 points, or 0.98 percent, to 2,066.66 and the Nasdaq Composite added 57.78 points, or 1.22 percent, to 4,775.46.
         Modi magic! Sensex, Nifty jump 6-9% in 2 yrs but midcaps up 44%
        In the one year-period, from May 16 2014 the Sensex gained 15 percent while the Nifty climbed 16 percent. However, the indices fell off the cliff soon as Modi's magic began to dwindle in the year BJP formed government with Narendra Modi as the Prime Minister.
          Overall, if the exit polls are accurate, then the state election results could marginally improve the BJP’s seat tally in the Upper House, but the government will need to continue to build a consensus to push through legislative reforms in the Upper House, says Nomura

AfterNoon Intraday Market Live Update By CapitalHeight

The Sensex declined 81.11 points to 24819.52 after recovering 180 points from day's low. The Nifty fell 22.40 points to 7591.95 after hitting an intraday low of 7542. CapitalHeight provides the most accurate Tips like Intraday Tips, Share Market Trading Tips, Intraday Stock Tips, Day Trading Tips, Mcx Commodity Trading Tips, Stock & Nifty future tips on Intraday Basis with 2 Days Free Trials. For more information you can call us @ 9993066624 and visit www.capitalheight.com/about.php

Live Update

The market breadth was positive as about 1149 shares advanced against 978 declining shares on BSE.

           Maruti Suzuki shares lost 3.4 percent intraday on worries of rising Japanese yen against US dollar that may hurt company's margin performance.

           In three months, Maruti shares lost 15 percent. Analysts say every 10 percent appreciation in yen have 200 basis points negative impact on company margins.

         The country's largest car manufacturer has exposure to the yen in form of royalty paid to Suzuki Corporation (the parent company) and import of raw material. Its about 25 percent cost is yen denominated, out of which 20 percent comes from yen denominated imports and 5 percent of sales from royalty outgo.

        Infosys, ITC, ICICI Bank, L&T and SBI were down 1-1.5 percent while Lupin and Dr Reddy's Labs topped buying list on Sensex, up over 1.5 percent.

Today's Intraday Stock Market News By CapitalHeight

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Today Market Tips 

• Indian shares are likely to start without firm direction, tracing Asian equities that are mostly treading water, even as an oil rally gave US shares a boost overnight.
• At the time of writing, the SGX Nifty was little changed, up 0.03 percent, or 2 points, to 7,636.
• Asian markets were broadly higher, with the Nikkei rising 0.5 percent even as fresh concerns have started arising over the US dollar's recent fall against the yen.
• oil in the US jumped 5 percent after the US government reported a surprise draw in shale stockpiles. Gold held steady.
• In stocks in news, Tata Steel would continue to remain in focus as fresh developments emerge over its bid to sell its UK business. Jaypee Infra may be in focus after Axis Bank said it had taken over the debt-laden Jaypee's headquarters in Noida. Cigarette stocks will also be in focus after a factory shutdown over proposed stricter pictorial warning rules continues.