On Wednesday Market Nifty Index Opened up at 8528.70 with +4.00 Points

India Indices

On Wednesday market Nifty index opened up at 8528.70 with +4.00 points from the previous day closing at 8524.70 and closed positive at 8537.65. Nifty Index opened with the day low of 8508.35 and, full day we saw continuous buying in Nifty and near the closing of the market Nifty Index traded with the day high of 8546.95 and closed positive at 8537.65 with +0.15%, +12.95 points up. And the full day Nifty Index traded between 8594.00-8545.00. At the end of the day Nifty futures Gained +0.04%, +3.40 points up to close at 8578.75 from the previous day closing at 8575.35 with daily premium of +41.10 points and percent change in open interest of -4.11%.

Bank Nifty 

Bank Nifty Index opened down at 18549.75 with -6.10 points down from the previous day closing at 18555.85 and closed positive at 18645.85. From the opening we saw continuous buying in Bank Index, and near 12.30 O’clock Bank Index traded with the life time high of 18723.65 and near closing of the market Bank Index traded with day low of 18518.00 and closed positive at 18645.85 with +0.49%, +90.00 points up and the full day Bank Nifty Index traded between 18723.65-18518.00. At the end of the market day Bank Nifty futures Gained +0.34%, +62.85 points up to close at 18733.45 from the previous day closing at 18670.60 with the premium of 87.60 points and percent change in open interest of +0.42%.

Nifty Futures

Nifty futures opened at 8574.95 with +0.40 points down from the previous contract day closing at 8575.35. From the opening we saw continuous buying in Nifty futures at the opening Nifty Futures opened with day low of 8545.00 and near closing of the market Nifty Futures traded with the day high of 8594.00 and closed positive at 8578.75. And the full day Nifty future traded between 8594.00- 8545.00. At the end of the day Nifty futures Gained +0.04%, +3.40 points up to close at 8578.75 from the previous day closing at 8575.35 with daily premium of +41.10 points and percent change in open interest of -4.11%.

MARKET HEADLINES

• Sensex ends flat, Midcap at record closing high; ONGC up 3%
• Correction likely, but Nifty may hold 8460: Phillip Capital
• Rel Cap, Bajaj Finserv, Max soar 4-8% on FDI insurance hope
• Pratibha tanks 5.1% after CRISIL downgrades credit rating
• Eicher Motors up 4%; Goldman resumes at buy, sees 34% rise
• China HSBC services PMI edges up to 53 in November
• Will raise Rs 100 cr in next few months: Omaxe
• 5:25 scheme a key positive step for infra cos: Gammon Infra
• BPCL to invest over $740 m in petrochemicals push
• Govt may revise ONGC's subsidy sharing structure: OilMin
• RBI looking at guidelines on e-commerce: Khan
• INOX Leisure: Outcome of board meeting

Tata Motors gain; Sensex, nifty tedious

Overview 

Tata Motors, BHEL, Mahindra & Mahindra, Tata Steel, Bajaj Auto, Jindal Steel and Larsen & Toubro are top gainers in early trade, up 0.8-2 percent.

Rakesh Arora, says India's magnificent return of 36 percent in 2014 year-to-date has been driven by 15 percent PE re-rating and 19 percent forward EPS growth.

Indian stock-index futures swung between gains and losses after benchmark indexes declined for a second day yesterday.

SGX CNX nifty index futures for December delivery rise 0.1 percent to 8,573.5 at 9:47 a.m. in singapore after getting down as much as 0.2 percent. The underlying CNX Nifty Index dropped 0.4 percent to 8,524.70 yesterday. The S&P BSE Sensex also lost 0.4 percent. The Bank of New York Mellon India ADR Index of U.S.- traded shares slid 0.1 percent.

BHEL exceed the buying list, up more than 3 percent followed by State Bank of India, 

Mahindra & Mahindra and NTPC with more than a percent gain.

On Monday Market Nifty Index opened up at 8490.95 with 13.60 Points Up

MARKET HEADLINES

• Sensex, Nifty end at new closing high; metals & IT surge
• US to lead globally; India, China star among BRICS: Goldman
• Adani Power buys Avantha's 600 MW plant for Rs 4,200 crore
• See no immediate rate cut, RBI may wait for 2-3 mths: HSBC
• Bull run of Indian equities continues; experts remain upbeat
• Chinese rate cut may spur global liquidity: Shaun Rein
• Market maintains bull run, experts remain bullish
• Sensex, Nifty at fresh closing high; Infosys hits new high
• Congress leader, former minister Murli Deora dies in Mumbai
• Indian equities best asset class from 3-yr view: ICICI Pru
• Avantha divestment in Crompton Greaves a positive: Antique
• Winter session begins today; eyes on Insurance Bill, GST

                                                   Overview (MORNING BELL)

India Indices- On Monday market Nifty index opened up at 8490.95 with 13.60 points up from the previous day closing at 8477.35 and closed positive at 8530.15. Nifty Index opened gap up with the day low of 8490.80 and, full day we saw continuous buying in Nifty and near closing of the market Nifty Index traded with the life time high of 8534.65 and closed positive at 8530.15 with +0.62%, +52.80 points up. And the full day Nifty Index traded between 8534.65-8490.80. At the end of the day Nifty futures Gained +0.54%, +45.60 points up to close at 8538.00 from the previous day closing at 8492.40 with daily premium of 7.85 points and percent change in open interest of -2.12%. 

Bank Nifty

Bank Nifty Index opened gap up at 18128.60 with 72.30 points up from the previous day closing at 18056.30 and closed positive at 18281.95. From the opening we saw continuous buying in Bank Index, Bank Index opened with the day low of 18119.65 and the full day we saw continuous buying in Bank Index and near the closing of the market Bank Index made a life time high of 18313.10 and closed positive 18281.95 with +1.25%, +225.65 points up and the full day Bank Nifty Index traded between 18313.10-18119.65. At the end of the market day Bank Nifty futures Gained +1.21%, +218.60 points up to close at 18316.00 from the previous day closing at 18097.40 with the premium of 34.05 points and percent change in open interest of -5.60%.

Nifty Futures

Nifty futures opened at 8528.65 with +36.25 points up from the previous day closing at 8492.40. From the opening we saw continuous buying in Nifty futures At the opening we saw selling in Nifty Futures and near 10.30 o’clock Nifty made a day low of 8505.70 but from this level Nifty recovered with continuous buying and near the closing of the market Nifty Futures traded with the life time high of 8539.90 and closed positive at 8538.00. And the full day Nifty future traded between 8539.90- 8505.70. At the end of the day Nifty futures Gained +0.54%, +45.60 points up to close at 8538.00 from the previous day closing at 8492.40 with daily premium of 7.85 points and percent change in open interest of -2.12%.

DERIVATIVE MARKET HEADLINES FOR 1 DECEMBER 2014

 MARKET HEADLINES

• Sensex, Nifty end at new closing high; metals & IT surge
• US to lead globally; India, China star among BRICS: Goldman
• Adani Power buys Avantha's 600 MW plant for Rs 4,200 crore
• See no immediate rate cut, RBI may wait for 2-3 mths: HSBC
• Bull run of Indian equities continues; experts remain upbeat
• Chinese rate cut may spur global liquidity: Shaun Rein
• Market maintains bull run, experts remain bullish
• Sensex, Nifty at fresh closing high; Infosys hits new high
• Congress leader, former minister Murli Deora dies in Mumbai
• Indian equities best asset class from 3-yr view: ICICI Pru
• Avantha divestment in Crompton Greaves a positive: Antique
• Winter session begins today; eyes on Insurance Bill, GST