Sensex, Nifty continue to struggle; NTPC, Coal India drag

free Nifty tips - The S&P BSE Sensex traded rangebound after surging over 100 points in the morning trade on Monday tracking similar gains seen in other Asian markets.

The Nifty50 was testing its crucial psychological level of 7,800.The broader market outperformed the benchmark indices with the BSE midcap and BSE smallcap indices gaining 0.16 and 0.6 per cent, respectively. Among the sectoral indices, the BSE Healthcare index was the top gainer up 0.73 per cent. The overall sentiment on the Street was positive with six ofe every ten BSE stocks trading in the green.
 

Shares of Tree House Education surged over 5 per cent while that of Sun Pharma gained over 2 per cent in early trade.
 

There seems to be no respite for the market as it reels under selling pressure. The Nifty is struggling below 7800. The 50-share index is down 26.85 points at 25611.26. The Nifty is down 0.45 points at 7781.45. About 1400 shares have advanced, 874 shares declined, and 105 shares are unchanged.

Sun Pharma continues to rally 3 percent while Tata Steel, Hindalco, HDFC Bank and Hero Motocorp are top gainers in the Sensex. Among the losers are ITC, NTPC, Coal India, ONGC and Dr Reddy's Labs.
 

Asian share markets bounced after Wall Street welcomed an upbeat US jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade. Equity investors in Asia were also wary ahead of a bevy of Chinese data which are expected to show a still sluggish economy. Trade figures are due on Tuesday, followed by inflation on Wednesday and industrial output and retail sales.

Free nifty tips - Nifty Hovers Around 7800 Amid Pressure; Tata Motors Gains

 

Free Nifty Tips - Equity benchmarks remained under pressure. The Sensex fell 188.68 points or 0.73 percent to 25697.94 and the Nifty declined 63.70 points or 0.81 percent to 7800.45. About 1036 shares have advanced, 1120 shares declined, and 125 shares are unchanged on the BSE.
 

The market continued to see selling pressure in morning trade following global weakness post ECB policy. The Sensex fell 176.71 points or 0.68 percent to 25709.91 and the Nifty declined 60.40 points or 0.77 percent to 7803.75 due to selling in banking & financials, FMCG and technology stocks.
 

The broader markets outperformed benchmarks as the fall in Midcap and Smallcap indices was less compared to benchmarks. The market breadth was marginally negative as about 948 shares have advanced and 1075 shares declined on the BSE.
 

Tata Motors, Sun Pharma, Lupin, Bharti Airtel, Tata Steel, Coal India, Vedanta and Hindalco Industries bounced back, rising 0.3-0.8 percent.

Top News of Stock market on 3 Nov 2015

Free Nifty tips - The Market continued to consolidate due to lack of domestic as well as global cues. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices gained 0.2 percent each. The 30-share BSE Sensex rose 9.52 points to 26178.93 and the Nifty advanced 1.80 points to 7956.70. The market breadth was positive as about 1169 shares advanced against 781 declining shares on the BSE. Metals stocks gained strength again.


Vedanta, Tata Steel and Hindalco Industries climbed 1-2 percent. Dr Reddy's Labs and Cipla were up over 1 percent while SBI and Bharti Airtel declined more than 1 percent.


Equity benchmarks turned negative as the Sensex fell 88.23 points to 26081.18 and the Nifty fell 35.55 points to 7919.35. About 1063 shares have advanced, 1216 shares declined, and 103 shares are unchanged on the BSE.


Nifty stocks are well-owned, and hence the next leg of growth will come from midcaps, says Bhuvnesh Singh, MD and head of India research at Barclays. He believes investors will have to sift through 500 stocks to get 20-50 winners. For long-term investors, he says internet companies are a good place to be in. But the problem is most of these companies are not listed, he adds. He believes there is lot of value in home improvement space and to that effect paint companies are still a good buy at current levels.

Sensex ends flat, Nifty50 above 7,950 as RBI holds rates;

free Nifty Tips - A dovish money policy from the Reserve Bank of India, which maintained status quo on policy rates on the expected lines, failed to lift the spirits on Dalal Street on Tuesday, as the benchmark indices closed flat.
 

At its fifth bimonthly rate review, the central bank maintained a dovish tone in its commentary on the economy, inflation and scope for further cuts. "The Reserve Bank will use the space for further accommodation, when available, while keeping the economy anchored to the projected disinflation path that should take inflation down to 5 per cent by March 2017,

Done with the RBI policy review, the domestic equity market will now stay glued to any clue and the actual outcome of the December 15-16 rate-setting meeting of the US Federal Reserve.
 

BSE benchmark Sensex ended 24 points, or 0.09 per cent, higher at 26,169 while the 50-stock barometer Nifty50 closed with gains of 20 points, or 0.25 per cent, at 7,955. Gains in Vedanta and Dr Reddy's Labs helped the BSE benchmark remain in the positive territory.

Nifty Ends Tad Below 7850, Sensex flat; ITC, Hindalco fall

Free Nifty Tips - Equity benchmarks trimmed losses. The BSE Sensex fell 25.80 points to 25842.69 and the NSE Nifty declined 1.40 points to 7855.15. About 1440 shares have advanced, 1128 shares declined, and 184 shares are unchanged on the BSE.
 

Shares of Brigade Enterprises gained 6.4 percent intraday on launch of real estate project Plumeria at Brigade Meadows in Bangalore. Plumeria at Brigade Meadows, a part of 60 acre integrated enclave, offers 2 & 3 bedroom luxury homes with sizes ranging from 1110 to 1630 square feet, the company said in its filing. The company expects revenue of Rs 450-500 crore from this project.
 

The market extended losses in afternoon trade with the Sensex falling 90.57 points to 25777.92 and the Nifty down 23.05 points to 7833.50. The broader markets continued to outperform benchmarks as the BSE Midcap and Smallcap indices gained 0.3-0.5 percent. Asian Paints and Adani Ports rallied 2 percent each as the Bombay Stock Exchange will add both stocks to Sensex with effect from December 21. Vedanta and Hindalco Industries, which will be removed from the index, fell 3 percent and 4 percent, respectively. The market breadth remained positive as about 1366 shares advanced against 1144 declining shares on the BSE.

Sensex, Nifty trim gains; Tata Motors zooms, Eros up again

 

The Market trimmed some early gains, weighed by TCS, ICICI Bank and Axis Bank. The 30-share BSE Sensex rose 119.23 points to 26709.82 and the 50-share NSE Nifty advanced 26 points to 8086.70.
 

The broader markets also traded in line with benchmarks; the BSE Midcap was up 0.6 percent and Smallcap gained 0.5 percent. Two shares advanced for every share declining on BSE.


Tata Motors surged more than 5 percent on strong JLR US sales data. October JLR sales in US surged 76.1 percent at 8,187 units from 4,650 Units in year-ago period. Its Land Rover US sales were up 97.6 percent at 7,199 units in October from 3,643 Units year-on-year. However, Jaguar's sales was down 1.9 percent at 988 units from 1,007 units (Y-o-Y).


Eros International gained 6 percent again today. Rajesh Exports, HSIL, Jain Irrigation and Ratnamani Metal were other top midcap gainers, up 3-5 percent.


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Nifty struggles to hold 8150; banks, FMCG laggards

The market is volatile as generally seen on F&O expiry day. The Sensex is down 48.70 points or 0.2 percent at 26991.06 and the Nifty is down 19.95 points or 0.2 percent at 8151.25. About 1162 shares have advanced, 884 shares declined, and 144 shares are unchanged.
 

Bank and FMCG stocks are under heavy selling pressure. BHEL, Axis Bank, Bharti Airtel, GAIL and Maruti Suzuki are major losers in the Sensex.
 

There is no reason why one should not grab Axis Bank at the current levels, suggests Dipen Sheth of HDFC Securities. He urges investors to look at all parameters like NIM, loan growth etc and not agonise over NPAs. Sheth calls the private lender responsible for admitting its September quarter asset quality concerns. He is also bullish on ICICI Bank , which also has stressed assets, and advises to own the two stocks with a 2-year time horizon. "We remain buyers,"
 

Oil prices tumbled, cutting short a rally the day before after hints of an interest rate hike in December by the US Federal Reserve boosted the dollar.

 

 

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Nifty struggles below 8300, Sensex wobbly; Auto, Infra Rise

The market is unable to sustain gains and wobbly as the day progresses. The Sensex is down 15.78 points at 27455.03 and the Nifty is down 14.75 points at 8280.70. About 874 shares have advanced, 1286 shares declined, and 126 shares are unchanged.


BHEL, Bajaj Auto, Maruti, Hero and Tata Motors are top gainers while Bharti, Coal India, Reliance, Cipla and ICICI Bank are among losers. Besides Auto, Capital Goods index is up 0.6 percent. Oil & Gas, Metals are struggling in red.


Gold steadied after a three-day losing streak on Monday, but was hovering close to its lowest in nearly two weeks, hurt by a strong dollar and fears the Federal Reserve could raise US interest rates this year. A rally in global equities also kept buying interest subdued for the metal, which has been weighed down all year by uncertainty over the timing of a US rate hike.


Investors initially bet the Fed would be compelled to delay a rate hike given the fragility of the global economy, but buying soon evaporated on views that the Chinese stimulus and upbeat US data made a Fed rate hike more likely this year.

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Sensex, Nifty consolidate; oil & gas, pharma stocks rally

The market consolidats with the benchmark indices locked in a range. The Sensex is up 56.24 points at 27270.84. The Nifty is up 6.70 points at 8244.85. About 1345 shares have advanced, 817 shares declined, and 113 shares are unchanged.

Oil & gas and pharma stocks are leading while banks, capital goods, metals and autos are struggling. Reliance, Bharti, Sun Pharma, Infosys and Cipla are top gainers in the Sensex. Tata Motors, Tata Steel, ONGC, L&T and ICICI Bank are laggards.
 

Meanwhile,Reserve Bank of India Governor Raghuram Rajan called for stronger multilateral agencies that can steer global coordination in tackling economic and monetary policy issues, adding emerging markets needed to be part of that debate.
 

Raghuram Rajan also called on the International Monetary Fund to be more inclusive and not just driven by the needs of industrialised countries, while noting the agency needed to more closely examine "extreme" policies by global central banks.
 

The RBI governor also urged the need for global "safety nets," while noting one proposal could be foreign exchange swap lines mediated and backed by the IMF.

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Sensex down 300 points; Nifty retest 7700 levels

The S&P BSE Sensex plunged over 300 points in trade on Tuesday following Asian markets, which were trading lower on renewed worries about global economic growth.The global investors are back to being cautious with worries related to China and overall growth of the global economy. In such a scenario all eyes are turned towards the Reserve Bank of India (RBI).

Most analysts on Dalal Street expect the RBI to slash policy rates by atleast 25 bps later today, but markets will will cheer if a surprise cut of 50 bps is announced by the RBI, say experts.
The 50-share Nifty index was also trading around its crucial psychological level of 7700, weighed down by losses in Pharma, auto, banks, and metal stocks.

Sensex: 25372.76, down 244 points; Nifty: 7718.35, down 77 points

Top Gainers

BHEL (0.7%), COAL INDIA (0.6%), INFOSYSBSE 0.35 % (0.3%), L&T (0.1%)

Top Losers:

VEDANTA (4.1%), ICICI BANKBSE -1.36 % (3.0%), AXIS BANKBSE -1.37 % (2.9%), BHARTI AIRTELBSE -2.41 % (2.5%), TATA STEEL (2.3%)

Nifty holds 7850, Sensex firm; Sun Pharma up, BHEL dips 2%

 

Hero MotoCorp, Sun Pharma, Bajaj Auto, Bharti Airtel and Axis Bank are top gainers while BHEL, L&T, NTPC, Hindalco and Tata Steel.

The market is holding its morning gains firmly. The Sensex is up 131.55 points or 0.5 percent at 25837.48 and the Nifty is up 30.05 points or 0.4 percent at 7859.15. About 1076 shares have advanced, 957 shares declined, and 77 shares are unchanged.

Meanwhile, as all eyes are on the Federal Reserve move on rate hike analyts feel India is ready for it. Markets are poised for a relief rally even if the Federal Reserve hikes interest rates for the first time in nine years, and it is likely the US central bank will do it, to "call the bluff of scaremongers", believes Ajay Bodke of brokerage firm Prabhudas Lilladher.

Gold struggled to break out of a tight range near its one-month low , as investors waited to hear on the outlook of US interest rates from a Federal Reserve policy meet that kicks off later in the session.

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Nifty struggles below 7650, Sensex rangebound; Bharti falls

HDFC, Tata Motors, Cipla, Maruti and ITC are top gainers in the Sensex. Among the losers are GAIL, Coal India, Lupin, Dr Reddy's Labs and Bharti Airtel.

CLSA is bullish on HDFC Bank and recommends buying it for a 31 percent return in a year's time. The brokerage has set a target price of Rs 1300 per share and expects HDFC Bank to deliver a 25 percent profit CAGR, much higher than the 20 percent growth in FY15.

It feels that HDFC Bank's widening growth gap versus corporate banks could expand its valuation premium as its focus is on a digital ecosystem, targeting revenue potential and operatingefficiencies. According to CLSA, its credit card business is also at an inflection point and will not only drive fee growth, but will facilitate loan and deposit relationships.

The market is still volatile as the Sensex is down 24.39 points or 0.10 percent at 25177.51. The Nifty is down 14.95 points or 0.2 percent at 7640.10. About 743 shares have advanced, 1313 shares declined, and 69 shares are unchanged. HDFC, Tata Motors, Cipla, Maruti and ITC are top gainers in the Sensex. Among the losers are GAIL, Coal India, Lupin, Dr Reddy's Labs and Bharti Airtel.

Gold extended losses into a fourth straight session on Monday, struggling near a 2.5-week low after US payrolls data failed to provide clarity on the timing of a Federal Reserve rate hike. Bullion had come under pressure on Friday after data showed nonfarm payrolls increased 173,000 last month after an upwardly revised gain of 245,000 in July, and the jobless rate dropped to a 7-1/2-year low.

The jobs count, however, may have been tarnished by a statistical fluke that has often led to sharp upward revisions to payroll figures for August after initial weak readings.

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Nifty above 8000 ahead of GDP data, Sensex flat; GAIL up 2%

GAIL, Lupin, Cipla, Sun Pharma and Axis Bank are top gainers while Bharti Airtel, BHEL, Vedanta, Tata Steel and Bajaj Auto are among losers in the Sensex.

The market is flat as the Sensex is up 15.84 points at 26408.22. The Nifty is up 8.10 points at 8010.05. About 1101 shares have advanced, 961 shares declined, and 89 shares are unchanged.

GAIL, Lupin, Cipla, Sun Pharma and Axis Bank are top gainers while Bharti Airtel, BHEL, Vedanta, Tata Steel and Bajaj Auto are among losers in the Sensex.

India's first quarter gross domestic product (GDP) will be released in the evening. It is expected to come in at 7.5 percent versus 6.7 percent in the year-ago period. But economists these days look at the GVA, that is the gross value added, which is expected to fall to 6.7 percent from around 7.4 percent in the first quarter of the previous year.

Oil prices fell in Asia today, coming under pressure as dealers took profits from huge gains in the previous session and tried to gauge the outlook for the US economy and its taste for crude. Oil has been on a roller-coaster ride in recent weeks over fears of a harder-than-expected slowdown in China, the world's top energy importer, at a time when world markets are awash with supplies.

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Nifty holds 7900, Sensex firm; pharma, oil stocks lead

The market has made a smart recovery led by pharma and oil stocks. The Sensex is up 360.03 points or 1.4 percent at 26074.69 and the Nifty is up 115.50 points or 1.5 percent at 7907.35. About 1653 shares have advanced, 467 shares declined, and 61 shares are unchanged. HDFC, Vedanta, Lupin, Cipla and Tata Steel are top gainers while BHEL, Bajaj Auto, Hero MotoCorp, Coal India and TCS are among laggards. Brent crude climbed by more than USD 1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. In other financial markets, a rebound on Wall Street helped soothe investors' tattered nerves, while the dollar rallied as risk aversion eased. Regaining confidence after a sharp rebound on Wall Street where investors had been hit by worries over China's faltering economy, London copper futures also strengthened on Thursday. Data released on Wednesday showed US non-defense capital goods orders excluding aircraft, which is a proxy for business investment, increased 2.2 percent in July, the biggest rise since June last year and handily beating expectations.

The market has maintained its strong uptrend following relief rally across global peers post temporary easing of nervousness in China. The Sensex gained 315.61 points or 1.23 percent at 26030.27 and the Nifty climbed 98.05 points or 1.26 percent to 7889.90, aided by banking & financials, healthcare, oil and metals stocks. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.6-1.9 percent. About four shares advanced for every share declining on the Bombay Stock Exchange. Vedanta and Cairn India topped the buying list on Sensex, up 6-7 percent followed by HDFC, Infosys, Lupin and Tata Steel with 2.5-3 percent. ICICI Bank, Reliance Industries, SBI, Sun Pharma, Axis Bank and ONGC climbed 1.5-2 percent. However, Tata Motors, BHEL and Bajaj Auto saw selling pressure, down 1.6-3.5 percent.

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LIVE: Sensex, Nifty trim losses; banks rebound

Movers & Shakers : NTPC bounced back very rapidly, up more than 4 percent after seeing more than 6 percent fall in morning session. ICICI Bank, Reliance Industries, Axis Bank, SBI, Tata Motors, M&M, Coal India, Vedanta, Tata Steel and GAIL gained 1-3 percent. However, Infosys, ITC, L&T, HDFC, Maruti Suzuki, Lupin, Sun Pharma, BHEL, Bharti Airtel, Hero Motocorp and Bajaj Auto dropped 1-3 percent.

Market trims losses : Equity benchmarks cut down losses in noon trade with the Sensex falling 155.93 points to 25585.63. The Nifty clawed back above the 7700 level, down 47.95 points to 7761.05. The market breadth remained weak as about 438 shares have advanced against 2032 shares declined on the Bombay Stock Exchange.


Rupee Outlook : It is sentiment that is driving the current market and not the fundamentals, says Divya Devesh, ASIA FX strategist at Standard Chartered Bank. In an interview with CNBC-TV18, Devesh says: “the fundamental problem still has not been solved, which means that the INR could still remain under pressure in the near-term.” He says this will continue till some fiscal or monetary measures are announced by the Chinese government. Devesh believes that “India is more insulated than the other Asian markets” and will bounce back in the long run. “66-67 per dollar looks like a reasonable range at least for this week,” says Devesh. He added that “if this equity turmoil continues, we could see a break of 67 per dollar.” With low commodity prices and reduced chances of US Federal Reserve rate hike, the year-end dollar INR forecast remains stable at 65, he says. 

Market Extends Losses : Equity benchmarks extended losses with the Nifty falling below 7700, down 110 points or 1.39 percent to 7698. The Sensex plunged 353.14 points or 1.37 percent to 25388.42. The broader markets, too, were under pressure as the BSE Midcap lost 1.5 percent and Smallcap tumbled 2.6 percent. About five shares declined for every share advancing on the Bombay Stock Exchange. The rupee erased all its morning gains, down 2 paise to 66.66 a dollar. 

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Sensex loses steam, Nifty below 8500;

The market lost its early momentum as banking & financials and metals & mining saw profit taking after sudden fall in Chinese market. However, technology stocks gained. The 30-share BSE Sensex fell 88.56 points to 27789.71 and the 50-share NSE Nifty declined 30.20 points to 8447.10. About 1362 shares have advanced, 1084 shares declined, and 155 shares are unchanged on the BSE. China's Shanghai Composite index tanked 6 percent, leading led losses in Asia as nerves over China's struggling economy and a deadly bomb explosion in Thailand sent investors scrambling for safety. Infosys gained 1.9 percent as BNP Paribas gave thumbs up to the company after investor meetings with the CFO. The brokerage maintained its buy rating with the target price raised to Rs 1,320 on the back of a Q1 beat and a weaker rupee. TCS, too, rallied 1.9 percent. Moody's cut India's 2015 GDP forecast to 7 percent in light of a drier than average monsoon. The agency, however, retained its 2016 GDP forecast to 7.5 percent. 

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Sensex weak, Midcap down 1%; steel stocks up

The People's Bank of China (PBOC) on Tuesday morning allowed its currency yuan to depreciate close to 2 percent against the dollar. The development sent most global markets into a tizzy with all of them closing significantly in the red. US' Dow index, European markets and German shares saw strong hammering on the yuan devaluation as it raised concerns about the Chinese economy and the likelihood of a currency war. Eshwar Prasad, former IMF China chief says the Chinese central bank is using every tool in its arsenal to crop up growth, but other monetary measures such as cuts in banks' reserve ratios, interest rates are not seeing enough traction. With the Chinese government's focus on restricting outflows, there will be a significant pressure on the yuan to depreciate further, suspects Prasad. He expects the PBOC to allow yuan to fall further 3- 4 percent, but in a more gradual way. 12:00 pm Market Check The market continued to be weak in noon trade with the Sensex falling more than 100 points weighed down by metals, auto and cement stocks. The BSE Midcap underperformed benchmarks, down 1 percent. The 30-share BSE Sensex declined 114.42 points to 27751.67 and the 40-share NSE Nifty slipped 44.85 points to 8417.50. About 847 shares have advanced, 1692 shares declined, and 139 shares are unchanged on the BSE. Yuan devaluation weighed on global equities. Asian markets declined with Japan's Nikkei down over 1 percent. Former IMF China chief Eswar Prasad says that the PBOC may allow yuan to depreciate 3-4 percent from current levels. Chief economic advisor Arvind Subramaniam believes that devaluation of yuan is aimed at reducing spreads between onshore & offshore rates. The rupee fell to a two-year low against the dollar after yuan devaluation extended a sell-off in most Asian and emerging market currencies. Ananth Narayan, Standard Chartered Bank says that rupee depreciation to 65-65.50 levels will be good for economy. Coal India plunged more than 4 percent as sources say the finance ministry will seek the cabinet's nod for the 10 percent stake sale which could fetch nearly Rs 25,000 crore. Also the company will report its numbers today. Steel stocks gained after reports indicated that the government will raise import duty on some base metals including iron & steel by 2.5 percent, though there has been no official confirmation yet.


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The market continued to be weak in noon trade with the Sensex falling more than 100 points weighed down by metals, auto and cement stocks. The BSE Midcap underperformed benchmarks, down 1 percent. The 30-share BSE Sensex declined 114.42 points to 27751.67 and the 40-share NSE Nifty slipped 44.85 points to 8417.50. About 847 shares have advanced, 1692 shares declined, and 139 shares are unchanged on the BSE. Yuan devaluation weighed on global equities. Asian markets declined with Japan's Nikkei down over 1 percent. Former IMF China chief Eswar Prasad says that the PBOC may allow yuan to depreciate 3-4 percent from current levels. Chief economic advisor Arvind Subramaniam believes that devaluation of yuan is aimed at reducing spreads between onshore & offshore rates. The rupee fell to a two-year low against the dollar after yuan devaluation extended a sell-off in most Asian and emerging market currencies. Ananth Narayan, Standard Chartered Bank says that rupee depreciation to 65-65.50 levels will be good for economy. Coal India plunged more than 4 percent as sources say the finance ministry will seek the cabinet's nod for the 10 percent stake sale which could fetch nearly Rs 25,000 crore. Also the company will report its numbers today. Steel stocks gained after reports indicated that the government will raise import duty on some base metals including iron & steel by 2.5 percent, though there has been no official confirmation yet.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-weak-midcap-down-1-steel-stocks-up-rupee-nears-6536_2469741.html?utm_source=ref_article

The market continued to be weak in noon trade with the Sensex falling more than 100 points weighed down by metals, auto and cement stocks. The BSE Midcap underperformed benchmarks, down 1 percent. The 30-share BSE Sensex declined 114.42 points to 27751.67 and the 40-share NSE Nifty slipped 44.85 points to 8417.50. About 847 shares have advanced, 1692 shares declined, and 139 shares are unchanged on the BSE. Yuan devaluation weighed on global equities. Asian markets declined with Japan's Nikkei down over 1 percent. Former IMF China chief Eswar Prasad says that the PBOC may allow yuan to depreciate 3-4 percent from current levels. Chief economic advisor Arvind Subramaniam believes that devaluation of yuan is aimed at reducing spreads between onshore & offshore rates. The rupee fell to a two-year low against the dollar after yuan devaluation extended a sell-off in most Asian and emerging market currencies. Ananth Narayan, Standard Chartered Bank says that rupee depreciation to 65-65.50 levels will be good for economy. Coal India plunged more than 4 percent as sources say the finance ministry will seek the cabinet's nod for the 10 percent stake sale which could fetch nearly Rs 25,000 crore. Also the company will report its numbers today. Steel stocks gained after reports indicated that the government will raise import duty on some base metals including iron & steel by 2.5 percent, though there has been no official confirmation yet.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-weak-midcap-down-1-steel-stocks-up-rupee-nears-6536_2469741.html?utm_source=ref_article

Nifty futures opened down at 8373.25 with +0.45 point

Bank Nifty - Bank Nifty Index opened up at 18250.65 with +37.60 points up from the previous day closing at 18213.05 and closed positive at 18282.80. From the opening we saw continuous buying in Bank Index, Near 1 O’clock Bank Index traded with day high of 18379.10 and slipped down, near 1.45 O’clock Bank Index traded with day low of 18174.20, till closing Bank Index recovered and closed positive at 18282.80 with +0.38%, +69.75 points up. At the end of the market day Bank Nifty futures Gained +0.34%, +62.75 points up to close at +18314.20 from the previous day closing at 18251.45 with premium of 31.40 points and percent change in open interest of -10.82%. 

Nifty Futures- Nifty futures opened down at 8373.25 with +0.45 point from the previous day closing at 8372.80. From the opening we saw continuous selling in Nifty Futures, Nifty Futures opened with day high of 8411.00 and slipped down full day we saw continuous selling in Nifty Futures, near closing of the market Nifty Futures traded with day low of 8331.00 and closed negative at 8350.95 with -0.26%, -21.85 points down. And the full day Nifty Index traded between 8411.00-8331.00. At the end of the day Nifty futures Loosed -0.20%, 16.80 points down to close at -8356.00 from the previous day closing at 8372.80 with premium of 19.00 points and percent change in open interest of -1.36%.

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Bank Nifty Index opened up at 18832.45 with-32.55 points

Bank Nifty – Bank Nifty Index opened up at 18832.45 with-32.55 points down from the previous day closing at 18865.00 and closed negative at 18832.45.From the opening we saw continuous selling in Bank Index,Bank Index opened with day high of 18860.75 and slipped down, near closing of the market Bank Index traded with day low of 18613.55 and closed negative at 18635.85 with-1.21%,-229.15 points down. At the end of the market day Bank Nifty futures Loosed -1.15%-218.35 points down to close at -18687.95 from the previous day closing at 18906.30 with premium of 52.10 points and percent change in open interest of +5.09%.
Nifty Futures - Nifty futures opened up at 8598.25 with -5.45 point from the previous day closing at 8603.70.From the opening we saw continuous selling in Nifty Futures, Nifty Futures opened with same day high of 8598.25 and slipped down, near closing of the market Nifty Futures tradedwith day low of 8524.15 and closed negative at 8538.90 with -0.75%, -64.80 points down.And the full day Nifty Index traded between 8598.25-8524.15. At the end of the day Nifty futures Loosed -0.51%, -43.90 points down to close at -8604.50 from the previous day closing at 8648.40 with premium of +14.70 points and percent change in open interest of -1.35%. 

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Nifty index opened up at 8546.15 with +22.35 points

India Indices- On Thursday market day Nifty index opened up at 8546.15 with +22.35 points frothe previous day closing at 8523.80 and closed positive at 8608.05. From the opening we saw continuous buying in Nifty Index, Nifty Index opened with day low of 8542.90 and moved up with continuous buying near closing of the market Nifty Index traded with day high of 8616.10 and closed positive at 8608.05 with +0.99%, +84.25 points up. And the full day Nifty Index traded between 8616.10-8542.90. At the end of the day Nifty futures Gained +1.04%, +88.50 points up to close at +8630.55 from the previous day closing at 8542.05 with premium of +22.50 points and percent change in open interest of +3.88%.

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