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Showing posts from April, 2017

Sensex extends losses, Nifty around 9300; ITC, Airtel fall

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Benchmark indices extended their losses from the morning session, with the Nifty testing 9300, while the Sensex managed to snap 30000-mark.The 30-share Sensex was down 107.13 points at 29922.61, while the Nifty was down 38.55 points at 9303.60. The market breadth was narrow as 1,090 shares advanced against a decline of 921 shares, while 83 shares were unchanged.

ONGC, Tata Steel and Bank of Baroda were top gainers among both the indices, while Bharti Airtel and ITC lost the most.

Niftys slip into red ahead of F&O expiry; autos gain

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Benchmark indices slipped in the red, as a result of implied volatility due to F&O expiry of March derivative contracts.The Sensex was down 49.23 points at 30084.12, while the Nifty was down 11.95 points at 9339.90. The market breadth was negative as 1,010 shares advanced against a decline of 1,030 shares, while 98 shares were unchanged.
Auto stocks Tata Motors, Hero MotoCorp, and Tata Motors DVR were among the top gainers, while Lupin, Axis Bank and Hindalco lost the most.Shares of Adani Enterprises witnessed 13 percent surge after it was out of the F&O ban. Contact No- +91-7987573460 Mail id - info@smartmoneyfs.com Address - House no. 9, IInd Floor Diamond Colony New Palasia Indore-452001
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Sensex, Nifty extend gains; banks, auto, FMCG stocks support

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Equity benchmarks extended gains in noon trade, with the Sensex rising more than 200 points intraday, driven by banks, FMCG, metals and auto stocks. The 30-share BSE Sensex was up 175.04 points at 30,118.28 and the 50-share NSE Nifty rose 46 points to 9,352.60 but the market breadth turned in favour of declines. About 1350 shares declined against 1276 advancing shares on the BSE. ITC, HDFC, HDFC Bank, Tata Motors and ICICI Bank continued to be leading contributors to Sensex’ gains, up 0.6-2 percent whereas Infosys (down 1.5 percent) and Reliance Industries (down 0.6 percent) limited upside. Contact No- +91-7987573460 Mail id - info@smartmoneyfs.com Address - House no. 9, IInd Floor Diamond Colony New Palasia Indore-452001 Website Link -https://www.smartmoneyfs.com

Living inventory Market Updates: Nifty hits contemporary all-time high; bulls cost D-boulevard.

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The INDIA VIX is down 1.9% at eleven.four. BSE Sensex is buying and selling at 29846 up a hundred ninety factors, while NSE Nifty is trading at 9273 up 55 factors.Strides Shasun, an Indian pharmaceutical company, all over Tuesday’s trade jumped virtually 3% as the company introduced that US well being regulator has efficiently achieved inspection at its Cuddalore facility in Tamil Nadu.
Nifty Realty index has prolonged Monday’s gains. The Delta Corp limited is the highest gainer in the index trading larger with the aid of 7% at Rs 178.2 per share. There are 1023 advances, 581 declines and 351 unchanged stocks on NSE reflecting strong positive bias floating in the market. At 12 PM, the S&P BSE Sensex is buying and selling at 29846 up one hundred ninety points, whereas NSE Nifty is trading at 9282 up sixty five factors. a total of one hundred forty four shares registered a fresh 52-week high in trade these days, while 14 stocks touched a brand new 52-week low on the NSE…

Markets get lift as Trump promises 'massive' tax cut plan in coming week

Markets overall are spiking higher after President Trump promises a tax reform package in the coming week. In an interview with the Associated Press, Trump promised a "massive" cut for both businesses and individuals. On "Wednesday or shortly thereafter" -- and in time for what looks like an important 100-day deadline for Trump -- his administration will release a plan for cuts that are "bigger I believe than any tax cut ever." The Dow Jones Industrial Average is just short of flat, recovering from an early-afternoon dip, at 20,569. Other indexes have bounced as well: the S&P 500 -0.2%; Nasdaq -0.1%.

Live Stock Market Updates: Nifty slips from day’s high

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Sobha Limited from the realty stocks is the top gainer. The stock is trading higher by 7% at Rs 389.85 per share. Godrej Properties, Oberoi Realty and Phoenix Limited are the other top gainers in the Nifty Realty index.There are 1129 advances, 500 declines and 320 unchanged stocks on NSE reflecting strong positive bias floating in the market. At 3 PM, the S&P BSE Sensex is trading at 29376 up 39 points, while NSE Nifty is trading at 9123 up 20 points. A total of 118 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.56% at 14471, while BSE Small-cap Index is trading up 1.1% at 15122.Some buying activity is seen in Capital Goods, IT, FMCG and Finance, while Banking, Power and Metal are showing weakness on BSE. Grasim, Bank of Baroda, Adani Ports, HDFC and Ambuja Cements are among the gainers, whereas Yes Bank, ICICI Bank, Axis Bank, IOC and Tata Power are losing sheen on NSE. The INDIA VIX i…

Sensex, Nifty trade almost flat amid volatility; power stocks gain

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Benchmark indices were trading flat, amid volatile moves since morning, as the Nifty hovered around 9100-mark. The Sensex was up 15.36 points at 29334.46, while the Nifty was up 3.60 points at 9108.75. The market breadth was positive, but narrow, as just 1,312 shares against a decline of 1,002 shares, while 117 shares were unchanged.
NTPC, Adani Ports, Tata Power and Power Grid were the top gainers, while Axis Bank, TCS, Indiabulls Housing Finance lost the most.RPP Infra Projects was up 2.5 percent intraday Wednesday as it received an order worth Rs 97 crore.
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Indian stock market may now be priced to perfection

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Indian equities have surged 18% in dollar terms so far in 2017, the most among the world’s 10 biggest markets. With market value at $1.91 trillion, the highest since January 2008, the return reflects 10% expansion in price-earnings (P/E) multiple as well as rupee appreciation. But, the sustainability of these factors appears sketchy, hence, the debate whether Indian equities are ‘priced to perfection’ — whether valuations fully reflect positive triggers. 
The Indian market trades at 16.9 times FY18 projected earnings, a 20% premium to long-term average and one positive standard deviation away from mean. The farther it is away from mean, the higher the probability of it returning to the mean, statistically known as mean revert. Except for technology and healthcare stocks, most Nifty constituents are valued much higher than their long-term average. 
The most critical factor for premium valuation, earnings growth, has not been encouraging. Barring commodity stocks, most Nifty’s constitue…

Fundamental adjustments In Market Sentiment may Propel Gold significantly better.

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fundamental components surrounding gold seem extremely positive and should reflect neatly on different gold-related trading merchandise going forward. Geopolitical tensions and political clashes in Washington should present additional enhance for gold prices.
persevered weakness in U.S. fairness markets might add further gas to the gold rally.due to deteriorating technical components and intensely high valuations, U.S. equity markets seem like on the point of a imaginable main correction. what to anticipate going ahead, and capitalize on upcoming alternatives regarding gold and gold-associated buying and selling automobiles.
The SPDR Gold trust ETF (NYSEARCA:GLD), together with gold-associated trading products, have performed extraordinarily well during the last few weeks and months, as a result of an very important change in market stipulations. Rising inflation, regularly increasing market uncertainty and volatility, in conjunction with new geopolitical and political ten…

How Melting World Equities Markets Buoy Gold

As geopolitical risks emerged on the world stage, global stock markets wobbled and experienced selling pressures on Tuesday, April 11, 2017. On the US front, the Dow Jones Industrial Average (DIA) fell 6.7 points to close at 20,651. The S&P 500 (SPX) also dropped ~3.4% to close at 2,353, and the NASDAQ fell 14 points to close at 5,866. Similarly, Japan’s Nikkei, Stoxx Europe 600 (STXX), and UK’s FTSE 100 fell 0.27%, 0.38%, and 0.23%, respectively on April 11. The chart above illustrates the comparative performance of gold tracked by the SPDR Gold Shares ETF (GLD) versus the world index, which is tracked by the iShares MSCI World ETF (ACWI). Risk-off sentiment It seems that the risk-off sentiment gripped investors on April 11, which led to bullishness among precious metals. Investors commonly look at gold as a haven in the event of a stock market downturn or economic uncertainty. When global markets fall, stocks and currencies can also fall. Some investments become less desirable,…

Indian ADRs: Tata Motors, Dr Reddy’s Lab, Infosys down.

Indian ADRs ended mostly lower on Wednesday. In the banking space, ICICI Bank added 0.14 percent at USD 8.76 and HDFC Bank was up 0.31 percent at USD 76.86.
In the IT space, Infosys was down 0.08 percent at USD 15.09 and Wipro was unchanged at USD 9.92.
In the other sectors, Tata Motors slipped 0.70 percent at USD 35.89 and Dr Reddy’s Laboratories shed 0.48 percent at USD 40.33. Contact No- +91-7987573460 Mail id - info@smartmoneyfs.com Address - House no. 9, IInd Floor Diamond Colony New Palasia Indore-452001 Website Link -https://www.smartmoneyfs.com/

Smart money financial services Asian Metals Market Update: Apr-12-2017

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Gold and silver have failed to take advantage of positive situations since 2013. The pace of rise in gold and silver has been very disappointing. It is one of the reasons why I am short term cautious. Long term bullishness is intact. The World gold council (WGC) has over the past year tweeted news industrial uses of gold. The gold price so far has been largely dependent on investment flows and jewelry sector demand. Higher industrial demand implies that once the global interest rate hike cycle tops out (at the most by 2018), the pace of rise of gold prices will be much much quicker than expectations.
Easter holiday goers will now rethink their trading strategy (particularly if they are short). Short covering will be there in gold on a break of $1281 and in silver on a break $1857. Momentum at the moment seems to be bullish for gold and silver, but the rise will be dependent on the ability to break past key resistances of $1281 and $1857.
A June interest rate hike by the Federal Reserve …

Sensex plunges 221 points after US strikes in Syria

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India joined a global stock market rout on Friday after the US launched missile strikes on Syria, fanning geopolitical concerns and raising the prospect of frictions with Russia. The benchmark Sensex tanked 221 points while the Nifty ended below the 9,200-mark even as safe haven assets and crude oil prices surged. However, ignoring global volatility and nervousness, the rupee continued its rally against the US dollar, surging 24 paise to end at a fresh 20-month high of 64.28 amid escalating geo-political trouble. This is its highest closing since August 11, 2015, when it had ended at 64.19 against the greenback. With oil rising around two per cent, the 30-share Sensex stayed in the negative zone for the whole day and settled lower by 220.73 points, or 0.74 per cent, at 29,706.61. This is its lowest level since March 31, when it had closed at 29,620.50. The gauge had lost 46.90 points in the previous session after the Reserve Bank left the key policy rate unchanged, in line with marke…

Sensex trims losses, Nifty around 9250; Sun Pharma down 2%

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Amid geopolitical tensions after the US’ missile strikes in Syrian bases, the market trimmed morning losses. The Street now is looking for cues on the GST passage front as well as awaited earnings, which will set the tone going forward.
The Sensex was down 62.64 points at 29864.70, while the Nifty was down 17.35 points at 9244.60.

The market breadth was in the positive, but narrow as 1,423 shares advanced against a decline of 983 shares, while 102 shares were unchanged.
Bharti Airtel, Larsen and Toubro, Indian Oil and BPCL were the top gainers, while Sun Pharma and Adani Ports were the top losers on both indices.
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Nifty struggles below 9250 as investors await RBI rate decision

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Benchmark indices were moderately lower amid consolidation as investors awaited the outcome of two-day RBI Monetary Policy Committee meeting later today, dragged by banking & financials, FMCG and select auto stocks. 
The 30-share BSE Sensex was down 74.42 points at 29,899.82 and the 50-share NSE Nifty fell 27.70 points to 9,237.45.
CARE Ratings believes that there will be no rate cut in today’s RBI policy view but a rate cut is expected in third quarter of FY18, if the monsoon conditions in the economy remain normal.
The stance will continue to be neutral and not accommodative. A call on change in GDP growth forecast for FY17; indications of growth for GDP in FY18; currency infused in system post demonetisation, old notes returned to the system and other particulars; and some direction on the resolution of NPAs is expected, says CARE.
The broader markets outperformed benchmarks, trading flat. About 1115 shares advanced against 925 declining shares on the BSE.
ITC, HDFC, ICICI Bank, HUL…

NIFTY TOP LOSERS

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HDFCBANK -1.79% ICICIBANK -1.78% AXISBANK -1.69% GRASIM -1.69% HDFC-1.32%