MARKET UPDATES NIFTY HOVERS AROUND 8,100 MARK

MARKET UPDATES NIFTY HOVERS AROUND 8,100 MARK:-

The Indian stock market has opened in red as the Sensex is down 118.97 points, while the Nifty50 is down 39.25 points. Banking stocks slip in opening trade after RBI hikes CRR on incremental deposits. The central bank hopes to curtail surging banking system liquidity that risks stocking inflation.

At 9:31 AM, the S&P BSE Sensex is trading at 26,324, up mere eight points, while NSE Nifty is trading at 8,109 down mere five points. Out of 1,865 stocks traded on the NSE, 499 declined, 929 advanced and 437 remained unchanged today. 

A total of 10 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading marginally up 0.54% at 12,249, whereas BSE Small-cap Index is trading up 0.50% at 12,088.

BPCL, Asian Paints, Bosch, Cipla, ZEE and Tech Mahindra are among the gainers, whereas Bank of Barogda, SBI, Yes Bank and ICICI Bank are losing sheen on BSE.

Some buying activity is seen in media, metal, auto, pharma and IT sectors, while PSU Bank, Bank Nifty and Private Bank are showing weakness on NSE.

The INDIA VIX is down 2.59% at 17.1500.

The Indian rupee opened higher by four paise at 68.42/$ against the previous close of 68.46/$.

The demonetisation drive of the government is likely to see some protests on the street in various parts of the country as few political parties have joined hands for ‘Akrosh Divas.’

Parliament may see less activity today as attention will be on the protests and dealing with the Opposition tirade. The old tradition of Black Friday is losing its charm abroad; online sales on Thanksgiving and Black Friday rose about 18 pc to $5.27 bn.

Saudi Arabia seems to suggest that oil producers need not reduce output. With the Dow Jones having crossed the key milestone of 19000 & the S&P 2200 markets could see consolidation globally as investors take stock of the last fortnight. Also the rise in bond yields in tandem with the US $ may not last & pause here would be prudent as markets digest the gains.

Falling crude prices cooled Asian shares while the dollar has stepped back against Asian peers. India’s foreign exchange reserves fell for the second consecutive by $1.542 bn to $365.5 bn in the week ended Nov 18.If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @8370098946 or fill form http://equityresearchlab.com/Freetrial.php please drop your number for profit calls...?

THE WAR ON BLACK MONEY BY STOCK MARKET

FREE EQUITY TIPS THE WAR ON BLACK MONEY BY STOCK MARKET
 
The domestic stock market opened the week with a negative bias, but in the midst of utter pessimism, it managed to bounce back sharply by the end of the week, which is an indication that the worst is behind us.

When the market had fallen on the first day, adversely reacting to demonetisation, the total number of stocks hitting 52-week lows was 157 while the Nifty50 had made a low of 8,002.

But later when the Nifty50 made a fresh low of 7,916, just 92 stocks made 52-week ..
  But later when the Nifty50 made a fresh low of 7,916, just 92 stocks made 52-week lows on the NSE, a loud and clear indication that the market breadth is turning positive slowly and the worst is quickly being discounted.  
 is creating a compelling case for lapping up good quality businesses at reasonable prices. Soon, the market will digest the event and move on. 
  Much has been said about demonetisation; that it is a war to flush out counterfeit and black money from the system akin to world wars to win over the countries by waging a war against them. 
  During World War I, which began on August 1, 1914, the US had ordered shutdown of the stock market, but when trading resumed some four months later,
 Industrial Average opened 30 per cent down and from there on, it was one way up. It doubled during the continuing war, in spite of all the war talk and pessimism. 
  World War II began in September 1939, in which the US finally jumped in, when the Pearl Harbour was attacked in December 1941. The Dow Jones Index had fallen 16 per cent after the Pearl Harbour attack, but even considering the day when the World War II first started, when in the US was not involved, the Dow Jones was down 33 per cent even from that top. 
  Post the war panics, in both the instances, the US market doubled in a matter of just one year. 
  The current demonetisation in a way is a war on black money and has made some stocks correct by 30-40 per cent from their tops, which make a super compelling case for investors to be in the market to take advantage of the once-in-a-lifetime opportunity to buy
Technical outlook:
  The stock market seems to be bottoming out at least in the short term. The velocity of the fall is receding, and the breath is turning positive. The 50 per cent correction from the top seems to be holding up the market and it can most likely act as a turning point for renewed upmove in the market. 
  A strong base has been made at the 7,900 level. On the upper side, the market could face minor resistance at 8,300, but eventually it will break upwards and move beyond. Short-term traders should initiate long positions keeping stop losses below the 7,900 level while investors can aggressively build their long-term portfolios at current levels. 
Expectations for the week:
  The market is turning its gear from fear towards hopes and optimism. The peak of fear is behind us and so is the bottom. Other side-effects of fear are also visible in the rupee-dollar, which is just a kissing distance away from the 70 mark. 
  The panic of importers suggests the top for USD-INR is also near, coinciding with a turn in the stock market. Companies such as Indiabulls
  Such moves often suggest that the promoters, the intelligent insiders, find intrinsic value in their shares, which is a good sign for the bulls betting on a beaten-down sector. 
 futures is at a yearly low, indicating that fewer participants are interested in the market right now due to the uncertainty. But soon they too will jump in once clarity emerges, propelling the market still higher. 
  Investors should take this opportunity to aggressively invest and build long-term portfolios while traders can initiate long positions with stop losses below the 7,900 mark. The Nifty50 closed the week 0.5 per cent higher at 8,114. 
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
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During World War I, which began on August 1, 1914, the US had ordered shutdown of the stock market, but when trading resumed some four months later, Dow Jones Industrial Average opened 30 per cent down and from there on, it was one way up. It doubled during the continuing war, in spite of all the war talk and pessimism.

World War II began in September 1939, in which the US finally j

Read more at:
http://economictimes.indiatimes.com/articleshow/55631374.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

During World War I, which began on August 1, 1914, the US had ordered shutdown of the stock market, but when trading resumed some four months later, Dow Jones Industrial Average opened 30 per cent down and from there on, it was one way up. It doubled during the continuing war, in spite of all the war talk and pessimism.

World War II began in September 1939, in which the US finally j

Read more at:
http://economictimes.indiatimes.com/articleshow/55631374.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

During World War I, which began on August 1, 1914, the US had ordered shutdown of the stock market, but when trading resumed some four months later, Dow Jones Industrial Average opened 30 per cent down and from there on, it was one way up. It doubled during the continuing war, in spite of all the war talk and pessimism.

World War II began in September 1939, in which the US finally j

Read more at:
http://economictimes.indiatimes.com/articleshow/55631374.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The domestic stock market opened the week with a negative bias, but in the midst of utter pessimism, it managed to bounce back sharply by the end of the week, which is an indication that the worst is behind us.

When the market had fallen on the first day, adversely reacting to demonetisation, the total number of stocks hitting 52-week lows was 157 while the Nifty50 had made a low of 8,002.

But later when the Nifty50 made a fresh low of 7,916, just 92 stocks made 52-week ..

Read more at:
http://economictimes.indiatimes.com/articleshow/55631374.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The domestic stock market opened the week with a negative bias, but in the midst of utter pessimism, it managed to bounce back sharply by the end of the week, which is an indication that the worst is behind us.

When the market had fallen on the first day, adversely reacting to demonetisation, the total number of stocks hitting 52-week lows was 157 while the Nifty50 had made a low of 8,002.

But later when the Nifty50 made a fresh low of 7,916, just 92 stocks made 52-week ..

Read more at:
http://economictimes.indiatimes.com/articleshow/55631374.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

YEEPI FRIDAY ! NIFTY 8,100, SENSEX SURGES 456 POINTS

YEEPI FRIDAY ! NIFTY 8,100, SENSEX SURGES 456 POINTS

The Sensex, Nifty kickstarted the December series on a positive note. Positive global indices, rupee appreciation and also steel makers extended gains after the government imposed anti-dumping duties on some imports lifted the Indian stock markets on Friday.

The key benchmarks traded at high point as traders opted to buy beaten-down but fundamentally strong stocks amid firm global cues. The benchmark indices Sensex and Nifty reclaimed their psychological 26,300 and 8,100 levels respectively.
On the economy front, PM Narendra Modi pushed for the need to move towards a digital economy, emphasising that people have the right to use their money, but that can also be done digitally.

The BSE Sensex which opened at 25,953.24 points, closed at 26,316, up 456 points or 1.76% from the previous close at 25,860.17 points. The Sensex touched a high of 26,244 points and a low of 25,874.45 points during the intra-day trade so far.

The NSE Nifty closed with a gain of 142 points at 8,107. The NSE Nifty opened at 8,008 hitting a high of 8,122 and low of 7,977.

The NSE market breadth was skewed in favour of the bulls - with 1,344 advances and 293 declines.

Fitch Ratings said Demonetisation will have a "negative" impact on growth in the short run but for the full fiscal, the GDP decline would be "relatively moderate". However, it expects India's GDP growth to trend higher than China's in the medium term, adding that it would accelerate next fiscal on the back of reforms and monetary policy easing.

Sentiments remained up-beat from the start of the session with Finance Minister Arun Jaitley saying that the government’s demonetisation move is going to have a positive impact on the economy, including GDP.

The buying was so fierce that not a single sectoral index on the BSE ended with losses; IT, pharma, banking, finance, energy, media and metal stocks ended with the top gainers. Even the mid-cap and the small-cap stocks participated in today’s rally.

Among the 50-stocks of Nifty, Tech Mahindra, TCS, Infosys, HCL Tech and Sun Pharma were among the gainers on NSE, whereas ACC, Bharti Infratel, Bajaj Auto, Eicher Motors and Bharti Airtel were among the losers today.

The India VIX (Volatility) index was up 2.63% at 17.6125.

The rupee was trading marginally up by 32 paise at 68.41 per US dollar. Gold was trading at Rs 28,576 per per 10 gms and silver was trading at Rs 40,225 per kg.

On the global front, Asian stocks closed higher. The Shanghai Composite index and Hong Kong’s Hang Seng index closed higher by 1%. Nikkei 225 ended in green.

European stocks were trading mostly in red due to lack of cues from the U.S. Markets. CAC 40 is trading in green, while FTSE 100 and DAX are trading lower.

J Kumar Infraprojects rallied 9.6% on the BSE.  J Kumar Infraprojects, on behalf of the J. Kumar Infra - CRTG JV, signed an agreement with the Delhi Metro Rail Corporation (DMRC) worth of Rs 1,344.9 crore on Thursday, 24 November 2016, for Phase-2 of the Mumbai metro project and other projects worth Rs 449.19 crore.

Bata India soare 2.3%. The company has posted a net profit of Rs 35 crore for the quarter ended September 30, 2016 as compared to Rs 54 crore for the quarter ended September 30, 2015.

Talwalkars Better Value Fitness climbed 5% after the management has decided to demerge gym business, thereby transferring gym business of TBVFL to TLL, in the interest of maximising overall shareholder value.

LT Foods gained 1%. The company has inked a 51:49 joint venture with Kameda Seika, to sell rice-based snacks in India.

A total of 15 stocks registered a fresh 52-week high in trades today, whereas 13 stocks touched a new 52-week low on the NSE. 
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8370098946 or fill form http://equityresearchlab.com/Freetrial.php
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15 STOCKS SENSEX, NIFTY TO OPEN ON A FLAT NOTE

FREE EQUITY TIPS | 15 STOCKS SENSEX, NIFTY TO OPEN ON A FLAT NOTE
The outlook is a flat start as the December series begins with a heavy build-up of short positions. Asian markets opened in the green with commodities leading the charge as the yen hits 113 to the US$. The Japanese Nikkei stock index has entered a new bull market as exporters benefit from the falling yen. The Nikkei has risen from levels of sub 15000 on Brexit day to over 18000 today, which is further seeing flows unabated as investors chase higher returns in developed markets.

The demonetization drive is coming under severe criticism from the Opposition parties with former Prime Minister Manmohan Singh terming it as a ‘monumental failure’ in its implementation.

The Finance Minister shot back citing a litany of scams that had emerged during the previous government’s rule. One thing is for sure. The demonetization has sent most calculations awry – be it GDP growth, tax collections or the serpentine queues waiting for their money in cash form. The rupee continues to struggle breaching its Aug 2013 lows and is flirting near the 69 per dollar mark.
  Foreign investors are net short 3,086 contracts in the index futures. The rollovers were better than anticipated at 61 pc but much lower than the three-month average of 75 pc. A strong earthquake rattled Central America raising concerns of tsunami waves. Oil prices moved higher ahead of next week’s crucial OPEC meet.

Nifty saw sub 8000 expiry as foreign selling kept the pressure on financial stocks even as metals outperformed. With the worst November series since 2013 we now head into the last series of 2016 with pessimism more out of shock & perception rather than actual. Domestic flows continue to be strong with retail & institutions buying aggressively. For today expect pull back in auto, banks & IT while profit booking in Metals & Pharma may be on the cards.


Among the stocks to watch are:

Sun Pharma: The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.

SpiceJet: SpiceJet will announce its Q2 numbers today.

Vardhman Textiles: The board of the company has approved buyback proposal for up to Rs 720 crore.

Suven Life Sciences: The company on Thursday reported a net profit of Rs 26.6 crore against Rs 25 crore in the corresponding quarter last year.

Aurobindo Pharma Ltd: Aurobindo Pharma is scouting for acquisitions in Europe to gain a foothold in the market, as per media reports.

Reliance Industries: A flash fire broke out at Reliance Industries’ Ltd refinery complex at Moti Khavdi near Jamnagar on Thursday in which some contract workers were injured, the company said.

Wipro: The company has informed bourses that it has granted 5,000 Restricted Stock Units under Restricted Stock Unit Plan 2007 effective November 1, 2016 to its identified employee.

Khaitan (India): The company has infomed bourses that it has submitted an application for reference to the Board for Industrial and Financial Reconstruction (BIFR) as it has become a sick industrial company pursuant to the provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

Jindal Poly Films: Jindal Poly Films reported a consolidated net profit of Rs 77 crore for the September quarter, lower than the Rs 99.9 crore in the year-ago period.

Talwalkars Better Value Fitness: The management has decided to demerge gym business, thereby transferring gym business of TBVFL to TLL, in the interest of maximising overall shareholder value.

TCS: Tata Consultancy Services is rethinking how it appraises its over 3,70,000 employees after scrapping the Bell Curve model.

Sterlite Technologies: Sterlite Technologies on Thursday informed bourses that CrisilBSE -1.33 % has upgraded the Long term credit rating to 'CRISIL AA-/Stable' from 'CRISIL A+/Watch Developing' and Short term credit rating have been upgraded to ‘CRISIL A1+’ from 'CRISIL A1 /Watch Developing’.

LT Foods: The company has inked a 51:49 joint venture with Kameda Seika, to sell rice-based snacks in India.

Natco Pharma: Natco Pharma has received final approval from the US health regulator for generic version of Budesonide capsules used for treatment of active Crohn's disease for the American market.

YES Bank: The bank announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers. 

Results Today:  BEML, SpiceJet, Bata India, Indo Count Industries, Hathway Cable & Datacom, Navkar Corp,Balaji Telefilms, Shilpa Medicare, Tide Water Oil India, Uflex, Borosil Glass Works, Godawari Power And Ispat, RCL Foods.
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MANMOHAN DUBS NOTE BAN LEGALISED PLUNDER

MANMOHAN  DUBS NOTE BAN LEGALIZED PLUNDER

In a rare intervention in Parliament, former Prime Minister Manmohan Singh lashed out against the demonetisation drive calling it “organised loot and legalised plunder,” with PM Narendra Modi looking on.

The note ban policy is monumental mismanagement by the Centre, Singh said in Rajya Sabha, adding that small industries have taken a huge hit.

 “Prime Minister Narendra Modi wants 50 days for demonetisation drive but the poor people in the country still suffer. The PM must provide relief to the sufferings of the people,” he said.


 “This is organsied loot and legalised blunder,” he said. The former PM also pointed out that the cooperative banking system in rural India that has not been allowed to participate in the temporary note exchange scheme was suffering.

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