Intraday Stock Trading Market Today's News By CapitalHeight

The market opened on a confident note Friday. The Sensex is up 218.34 points or 0.9 percent at 24180.55 and the Nifty is up 78.90 points or 1 percent at 7355.70. About 488 shares have advanced, 69 shares declined, and 24 shares are unchanged.

   The Indian rupee recovered in the early trade post breaching 68 level in the yesterday's session.

      Chinese shares tried to rally on Friday as hopes for more policy stimulus in Europe and Japan offered a much-needed but tenuous reprieve to oil and global equities.

       India's federal drugs controller issued an alert on Thursday, asking states to ensure Swiss drugmaker Roche's cancer treatment Avastin was not administered to treat eyes, after its usage hampered vision in 15 patients.

         Asian stocks rose on Friday after a hint of more monetary easing by the European Central Bank and a bounce in crude oil from 12-year lows helped soothe skittish markets.

       The government will pay banks a 2.5 percent commission to unlock the country's massive stash of gold under a new monetisation scheme, the RBI said, as the ambitious plan received a poor response from banks and customers.

         The fluctuations in the currency market are a result of market forces, and the Chinese government has no intention and no policy to devalue its currency," Li Yuanchao told Bloomberg in an interview on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.

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Afternoon Intraday Stock Trading Market Status

• The market recovered amid volatility in afternoon trade with the Sensex rising 3.90 points to 24065.94 and the Nifty up 4.35 points to 7313.65.

• India is likely to remain an attractive destination for investors given its relative macro outperformance and the country is likely to clock a GDP growth rate of 7.5 percent this fiscal, a Citigroup report said.
• According to the global financial services major, the structural drivers of growth are likely to benefit from reforms but external headwinds remain strong.
  Overall a period of consolidation would see GDP growth at 7.7 percent in FY17, only marginally higher than 7.5 percent growth in FY16," Citigroup said in a research note.
• As per government estimates, the economy will grow by 7-7.5 percent during financial year 2015-16. On prices, the report said, the output gap is not closing fast enough to reverse the disinflationary momentum and hence Reserve Bank could continue with an accommodative stance.
• State-owned Indian Oil Corp has nearly doubled the crude oil it buys from Nigeria on a term or fixed contract as it looks to diversify sources of supplies.
• The nation's largest refiner, IOC buys some 8 million tons a year of crude oil from Nigeria. Most of it is bought from spot or current markets where prices are subject to extreme volatilities.
• The market is clearly sentiment driven and it is still very much in the risk-off mode globally, says Hans Goetti of Banque Internationale. 

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Live Indian Share Market Intraday News By CapitalHeight

Bulls took charge of Dalal Street as the market rebounded on Thursday after hitting 20-month low in previous session. The Sensex rose 232.66 points or 0.97 percent to 24294.70 and the Nifty rallied 67.35 points or 0.92 percent to 7376.65.
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Market Outlook:- 
The Indian rupee rebounded in early trade on Thursday after hitting a 28-month low in previous session. Battered crude oil prices bounced back from their lows on Thursday, propelling solid gains in Asian shares and the dollar. 

        Geoffrey Dennis of the firm says global markets are very close to the end of selling. He believes that China is rebalancing its growth and that global economy is in a decent shape. 
           The European Central Bank will keep all interest rates on hold when it meets on Thursday but highlight increasing growth and inflation risks, raising the prospect of further policy easing later this year. 
           Axis Bank, BHEL, SBI, Hindalco Industries, ICICI Bank, Adani Ports and Tata Steel were leading gainers in early trade. 
           Indian stocks ended at a fresh 20-month low on Wednesday dropping to their weakest since before the election of Prime Minister Narendra Modi on increasing concerns the country will be hit hard by the growing turmoil in global markets.

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• European stocks staged a relief rally today, rebounding from lows seen on Friday when Wall Street slumped to levels not seen since August last year.

• The pan-European STOXX 600 traded over 1 percent higher, with all major indices trading in the black despite the volatility seen in Asia markets earlier today.
• Markets have suffered one of the worst starts to the year on record, with European stocks slumping to their lowest level since mid-December 2014 on Friday amid investor fears of the strength of the global economy.
• The market continued to be under pressure amid consolidation despite positive trend in European peers. The Sensex fell 76.39 points to 24378.65 and the Nifty declined 21.85 points to 7415.95.
• The broader markets saw major fall compared to benchmarks. The BSE Midcap was down 1.4 percent and Smallcap tanked 2.7 percent.
• The market breadth remained pathetic as about six shares declined for every share advancing on the Bombay Stock Exchange.
• Nifty PSU Bank index outperformed market, up more than 1 percent supported by Syndicate Bank, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, Indian Overseas Bank and SBI that rallied 1-3 percent.
• The Nifty hit a new 19-month low on Monday as concerns about the global economy are mounting after crude fell to its lowest since 2003, while data showed the country's exports shrunk for a thirteenth straight month.

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Today's Intraday Share Market Update By CapitalHeight

The market has opened flat as the Sensex is down 16.96 points at 24438.08. The Nifty slips 12.50 points at 7425.30. About 225 shares have advanced, 417 shares declined, and 61 shares are unchanged.
           Wipro's third quarter consolidated profit declined to Rs 2,234.1 crore compared to Rs 2,235.4 crore in preceding quarter while revenue increased 3 percent sequentially to Rs 12,951.6 crore.

             IT services revenue missed analysts' expectations, rising 2.25 percent to Rs 12,314 crore in quarter ended December 2015 compared to Rs 12,042.8 crore in preceding quarter.

           The Indian rupee slipped to a fresh two years low. It has opened lower by 10 paise at 67.70 per dollar versus 67.60 Friday.

      Asian markets opened sharply lower this morning following a big selloff on Wall Street. Japan’s Nikkei touched its lowest levels in nearly a year. The Chinese central bank set yuan mid-point at 6.5590/$ while the safe-haven yen got off to a flying start.

             Singapore exports fell more than expected in December as a slump in sales to China deepened, adding to worries that global headwinds will keep the trade-dependent economy on a wobbly footing this year.

          China's yuan firmed on Monday as the central bank announced new moves to curb offshore speculation in the currency, while stocks were volatile after the securities regulator blamed immature markets and inexperienced investors for their latest meltdown.

           Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend.

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Intraday Stock Share Market News By CapitalHeight

The Sensex declined 147.61 points or 0.60 percent to 24625.36. About three shares declined for every share advancing on the Bombay Stock Exchange. Nifty below 7500: The market extended losses in afternoon trade with the Nifty breaking 7500 level, dragged by ICICI Bank, Tata Motors, ITC, SBI, L&T and HUL that fell 1-3 percent. For more info visit  www.capitalheight.com/about.php or call at +91 9993066624, 0731 - 6615050.

Market Outlook:-

NYMEX crude fell below USD 30 a barrel, down 4.87 percent to USD 29.68.

        Government said it will stick to its fiscal consolidation roadmap without compromising on development spending and expenditure budgeted for the current fiscal.          Asian stocks slumped to 3-1/2-year lows on Friday as brief gains earlier in the session gave way to renewed pressure on oil prices and disappointing Chinese data, ratcheting up investor concerns about the global economy.

     ICICI Bank, Tata Motors, NTPC, SBI, GAIL, ONGC, HUL and Bajaj Auto were down 1-3 percent while Reliance Industries rallied 2.4 percent followed by Infosys, Maruti Suzuki and Dr Reddy's Labs.
       Asian markets ended lower despite positive lead from Wall Street. Shanghai lost 3.5 percent and Nikkei was down 0.5 percent. NYMEX crude fell 2.6 percent to USD 30.39 a barrel.
      Equity benchmarks remained under pressure in noon trade with the Sensex down 61.29 points to 24711.68 and the Nifty falling 18.65 points to 7518.15, tracking weak Asian cues.
        The market, which slipped into negative territory after a fairly good start, bounced back in late morning only to falter again due to a fresh round of selling at some front line counters.

        Hindustan Unilever's October-December quarter earnings disappointed analysts on Friday with profit sinking 22.4 percent year-on-year to Rs 971 crore.
      Revenue increased 2.7 percent to Rs 7,981 crore in quarter ended December 2015 compared to Rs 7,774 crore in corresponding quarter of last fiscal with volume growth of 6 percent.

Live Share Market News By CapitalHeight

• Indian shares are expected to open somewhat in the green, tracking broad strength in Asian markets, and as Wall Street pulled off a sizzling come back overnight after a weak start.
• The SGX Nifty was trading 0.2 percent, or 16.5 points, higher to 7,554.
• Equities' gain was pushed by a reversal in oil prices, with Brent crude rising back above USD 31 per barrel.
• The market has opened volatile on last day of the week following mixed Asian cues. Investors digested crude oil correction and China concerns.
• The 30-share BSE Sensex rose 66.42 points to 24839.39 and the 50-share NSE Nifty advanced 13.45 points to 7550.25.
• Infosys, Dr Reddy's Labs, Tata Steel, Maruti Suzuki, Hindalco, Vedanta and Idea Cellular gained 1-2 percent while ONGC, Tata Motors, Larsen & Toubro, ITC, HDFC Bank, HCL Technologies and Kotak Mahindra Bank were losers in early trade.
• The Indian rupee slipped in the early trade today. It opened lower by 6 paise at 67.35 per dollar versus 67.29 Thursday.
• Asian markets were trading mixed with the Nikkei rising 0.2 percent despite positive lead from Wall Street. Shanghai extended losses, down 1.5 percent and Hang Seng fell 0.8 percent.

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