28 January 2015

Get Indian Stock Market Tips; Nifty drifts lower in volatile early trade

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=================================================TheIndian stock market consolidates with negative bias in early trade Wednesday ahead of outcome of FOMC's two-day meeting (that will end tonight) and expiry of January derivative contracts (on Thursday). The Sensex declined 5.32 points to 29565.72 and the Nifty slipped 7.75 points to 8902.75 despite weak global cues. Tata Motors and Tata Steel falls over a percent while Maruti gained more than 1.5 percent.
The Indian rupee fell marginally in early trade today. The currency has opened at 61.50 a dollar, down 11 paise compared to previous day's closing value of 61.39 a dollar. Global markets are in the red with US stocks seeing sharp losses on the back of weak economic data and disappointing corporate earnings. European markets ended in the red and Asian Intraday markets too are negative following the US handover.
In other asset classes, the dollar stepped back from its 11-year highs against a basket of currencies after soft spending data and some disappointing earnings casting doubts about the underlying optimism on the US economic outlook. Nymex crude futures fell over 1.5 percent towards USD 45 per barrel after data showed US crude stocks surged by nearly 13 million barrels last week.

27 January 2015

Indian Share Market Tips: Nifty ends at 8910, Sensex up 292 pts

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The Indian share market ended at record highs as banks boosted trade. The Nifty ended above 8900-level for first time. The 50-share index was up 74.90 points or 0.8 percent at 8910.50. The Sensex closed up 292.20 points or 1 percent at 29571.04. About 1406 shares have advanced, 1523 shares declined, and 260 shares were unchanged.
Bank Nifty ended with a gain of over 2 percent led by Axis Bank and ICICI Bank (up 4-5 percent each). Other gainers in the Sensex were Cipla, Tata Motors and ITC. Among the losers were Dr Reddy's Lab, Infosys, M&M, Coal India and HUL.The Nifty hit a record high at 8900-level. The 50-share index is up 75.80 points or 0.8 percent at 8911.40.
The Sensex is up 266.19 points or 0.9 percent at 29545.03. About 1380 shares have advanced, 1466 shares declined, and 265 shares are unchanged. Cipla is up 5 percent while Axis Bank gains 4 percent, followed by financials like ICICI Bank and HDFC Bank. ITC surges 3 percent.

Intraday Trading Tips for Today; Global cues positive

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The Indian Intraday equity market is expected to open significantly in the green today with the SGX Nifty, an indicator of the market opening, trading at 8852, up 35.50 points at 7:20 am. The market continued to tread on its road to riches with Sensex and Nifty logging seven days of unbroken winning streak on Friday. 
From last week, Nifty rallied 332 points to close at 8,836 and Sensex added 1167 points to close at 29,279 levels, Nifty closed at record levels yet again on Friday. Global cues are positive with the US markets ending with modest gains as investors braced for the FOMC meeting that will begin today.European markets closed higher, despite opening the session lower, as investors digested news that anti-austerity party Syriza won a general election in Greece on Sunday. 
Asian Intraday markets too are in the green, hitting fresh highs buoyed by a relatively inspiring handover from Wall Street overnight.In other asset classes, the euro held onto modest gains, bouncing off an 11-year low as investors decided to take profits on extremely bearish positions.Nymex crude is steady above USD 45 per barrel after a three-session fall that dragged prices to near their lowest level in almost six year.

23 January 2015

Get Live Intraday Stock Tips; Nifty hits 8800 on ECB stimulus move

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The Intraday share market gained more than a percent in early trade on Friday following stimulus package announced by European Central Bank yesterday evening. The Sensex rose 275.61 points to 29281.63 and the Nifty climbed 66.55 points to 8827.95. About 523 shares have advanced, 92 shares declined, and 175 shares are unchanged on the BSE.
Global Intraday markets cheered the ECB stimulus program with Asian markets trading higher. US stocks climbed on Thursday, extending gains into a fourth session, after the ECB expanded stimulus and as companies posted upbeat quarterly earnings. The CBOE volatility index fell 13 percent to 16.40. European equities too closed with gains of over 1 percent. The euro, however, slipped to an 11-year low.
In other asset classes, Nymex crude futures jumped around USD 1 after Saudi Arabia announced news that King Abdullah had died. Brent was trading around USD 49. And, from the precious metals space, gold prices rise above USD 1300 dollars an ounce post the ECB decision as gold is usually seen as a hedge against inflationary concerns.