Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

Sharetipsinfo Stock market commentry 30-8-2017

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Topic :- Time:6.00 PM


SILVER Trading View:

SILVER is trading at 39620.It will find its immediate resistance to upmove at 39840. If it holds below above mentioned level then it is likely to show some good fall and is expected to test 39340 level. Sell on every rise till it holds below 39840 is recommended in it.


--------------------------------------------------------------------------------------------


Topic :- Time:5.30 PM


RBI annual report: 99% of demonetised currency back into the system:


The Reserve Bank of India on Wednesday revealed in its annual report that Rs 15.28 lakh crore worth of the Rs 15.44-lakh-crore scrapped currency notes, or 99 per cent, had come back into the system after the governments demonetisation decision.

 

What came as a surprise to many, given that the government had claimed a windfall from demonetisation, the RBI report said that about 89 million units of the demonetised Rs 1,000 notes, worth Rs 8,900 crore, had not come back into the system.


 

The share of the newly introduced Rs 2,000 notes in the total value of banknotes in circulation as at March-end was a little more than 50 per cent, the RBI annual report added.

 

Mentioning that the central bank spent Rs 7,965 crore on printing new currency notes in 2016-17, it said the overall currency in circulation into the system had come down by 20.2 per cent on a year-on-year basis as at the end of March.

 

In the biggest-ever demonetisation exercise India had seen, Prime Minister Narendra Modi on 8 November 2016 announced high-value currency notes of Rs 500 and Rs 1,000 would cease to be public tender. The move, to stem the circulation of black money and fake currency, and to choke terror funding and corruption, was to take effect within hours of the announcement.

 

The next few days saw serpentine queues at bank branches to deposit and exchange the demonetised banknotes. With people facing inconvenience, the governments decision to ban old currency notes and handling of the whole process came under scrutiny. Reserve Bank of India (RBI) Governor Urjit Patel appeared before a probing parliamentary panel several times, but the total number of demonetised currency notes deposited in banks remained elusive for long. It was only in the Reserve

 

While there were several estimates and statements, the official numbers were not revealed until the RBI released its annual report on August 30.


--------------------------------------------------------------------------------------------


Topic :- Time:5.00 PM


NATURAL GAS Trading View:

NATURALGAS is trading at 198.60. If it breaks and trade below 198.40 level then some profit booking can be seen in it and if it manages to trade and sustain above 190.60 level then some upmove can be seen.


--------------------------------------------------------------------------------------------


Topic :- Stock Market Closing Note


The Sensex and Nifty rose nearly 1% on Wednesday, recouping most of the losses in the previous session, ahead of derivatives expiry of August series due tomorrow


Across the board buying in metal, oil & gas, energy, realty, industrials, financials, auto, capital goods, consumer durables and banks helped indices to recover most of previous days losses.


Financial stocks accounted for more than a third of gains on the NSE index, with Nifty finance index gaining 1%. Nifty Metal index also advanced over 2%, adding to the gains.


Sentiment was also supported by a recovery in broader Asia as concerns stemming from North Koreas firing of a missile over Japan receded, with MSCIs broadest index of Asia-Pacific shares outside Japan rising 0.5%.


--------------------------------------------------------------------------------------------


Topic :- Time:3.10 PM


Nifty spot if manages to close above 9900 level then expect some quick upmove in coming trading sessions and close below above mentioned level will result in some sluggish movement. Avoid open positions for tomorrow.


--------------------------------------------------------------------------------------------


Topic :- Time:2.30 PM


GOLD Trading View:

GOLD is trading at 29524.If it manages to trade and sustain above 29550 level then expect some quick upmove and if it breaks and trade below 29500 level then some profit booking can follow in it.


--------------------------------------------------------------------------------------------


Topic :- Time:2.15 PM


Nifty is still trading flat and dull. Avoid big trades and trade with stoploss.


--------------------------------------------------------------------------------------------


Topic :- Time:1.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 2966. If it breaks and tradebelow 2960 level then expect some fall in it and if it manages to trade and sustain above 2980 level then some upmove can be seen in it.


--------------------------------------------------------------------------------------------


Topic :- Time:1.00 PM


Nifty spot is trading at 9892. If it manages to trade and sustain above 9920 level then expect some upmove and if it breaks and trade below 9880 level then some softness can be seen in the market.


--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


Nifty spot if manages to trade and sustain above 9900 level then expect some quick upmove in the market and if it breaks and trade below 9875 level then some profit booking can be seen.


--------------------------------------------------------------------------------------------


Topic :- Time:11.30 AM


News Headlines - 30.08.2017


Economic Times

Business Standard


#  HCL Infosystems to raise Rs 500 cr via rights issue


#  USFDA hikes fee for processing new drug application by $100,000 for FY18


#  Nilekani will bring back Infosys past glory, Murthy tells investors


#  Tata Motors mulls electric variant of Nano cars


#  MRF Tyres plans to invest around Rs 1000 crore a year till 2020-21


#  I-T department slaps Rs 7,900-cr penalty on Vodafone over tax dues


#  Jute industry fears Rs 200-cr loss on new pricing formula


#  Reserve Bank cracks whip on 50 more loan defaulters


#  Rs 92k-cr GST collections in July above target: FM 


#  UN Council unanimously condemns N.Korea missile test


#  AirAsia shares down after profit drop, fleet expansion plans


#  China launches anti-dumping probe into some rubber imports from E.U., U.S. and Singapore


#  Hyundai Motors shares slump after production suspended in China


#  Gold inches lower on dollar rebound as North Korea concerns ease


#  Japan retail sales slow in July, still top expectations


#  Growth in digital services makes India a very attractive market: Cognizant


#  BSNL plans to set up 1 lakh wi-fi spots by March 2019


#   IOC to invest Rs 32,000 cr to ramp up petrochemicals capacity by FY21


#  TVS Logistics eyes $1-billion revenue in 3 years


#  GST a unique reform that changed tax procedure overnight, says PM Modi


#  Room rent in hospitals to attract no GST


#  India-focused funds net inflows at $5.3 bn in first seven months of 2017


#  Reliance Capital to be excluded from 11 BSE S&P indices


--------------------------------------------------------------------------------------------


Topic :- Time:11.00 AM


After positive opening nifty is still trading in positive zone. Nifty spot if manages to trade and sustain above 9885 level then expect some upmove and if it breaks and trade below 9840 level then some profit booking can be seen in the market.


--------------------------------------------------------------------------------------------


Topic :- Nifty Opening Note


Indian Stock Market Trading View For 30 Aug,2017:


Geopolitical tension along with flood problem to add woes however strong pull back is expected in the market very shortly.


Nifty spot if manages to trade and sustain above 9820 level then expect some upmove and if it breaks and trade below 9760 level then expect some profit booking in the market. Please note this is just opening view and should not be considered as the view for the whole day.

Cabinet approves Ordinance to hike cess cap on luxury cars, SUVs from 15% to 25%

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The Union Cabinet approved a proposal on Wednesday to promulgate an ordinance that will allow hiking the cap on cess of SUVs, large, and luxury cars to 25 percent from 15 percent now.

The ordinance would come into effect after it receives Presidential assent, which will enable amendments in the GST (Compensation to State) Act, 2017. The Central Board of Excise and Customs will issue a formal notification on the raised cess cap.

“This was in pursuance of the last meeting of the GST Council”, finance minister Arun Jaitley told reporters after the Cabinet meeting.

Two out of 12 categories of vehicles will be affected by the hike in the cess cap.

“Pursuant to the implementation of GST, the price of vehicles of had substantially come down. The cess was to be levied on large and luxury vehicles. The maximum taxation under GST is 28 percent. The cess cap has now been increased from 15 percent to 25 percent,” Jaitley said.

The GST council is now entitled to take a decision, when and by how much it decides to increase the cess. Therefore, an enabling Ordinance has been recommended to the government, the finance minister said.

Earlier this month, the Jaitley-headed GST (Goods and Services Tax) Council had recommended hiking the cap on cess on luxury cars and some SUVs, a decision that automobile companies fear would raise the price of these class of vehicles.

The higher cess is unlikely to come into effect before September 9, the next date for the GST Council’s meeting in Hyderabad.

In May, the Council decided to keep all cars in the highest tax slab of 28 percent. However, it was decided that a 15 percent ad valorem cess over and above the tax rate will be levied on large motor vehicles, SUVs, mid-segment, large, hybrid cars and hybrid motor vehicles. The revenue from the cess would then ultimately go to the compensation kitty of the states. The cap on this cess has now been increased to 25 percent.

Under GST, the states will receive provisional compensation from Centre for loss of revenue due to abolition of taxes such as VAT (value added tax), octroi and implementation of GST. The Council had decided that the compensation would be met through levy of a 'GST Compensation Cess' on luxury items and sin goods like tobacco, for the first five years.

The finance ministry's indirect tax policy making body CBEC (Central Board of Excise and Customs) has maintained that the change in cap was being made to keep the incidence of taxation similar to the pre-GST regime.

Sharetipsinfo market commentary 28-8-2017

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Topic :- Share Market Closing Note


Benchmark indices ended higher on Monday, gaining for a fourth consecutive session of gains with Nifty settling above 9,900, as index heavyweight Infosys surged on the first day of trading since the appointment of co-founder Nandan Nilekani as chairman on hopes that the move would help defuse a months-long row between the founders and the board.


Infosys shares ended 3% higher after earlier rising as much as 4.6% on hopes that the appointment would provide some much needed stability to the company that has been reeling since the shock resignation of Chief Executive Vishal Sikka, who waged an acrimonious battle with the founders for months over alleged corporate governance lapses.


Globally, European shares fell in a broad sell-off as the euro strengthened after ECB chief Mario Draghi did not express concern about a strong currency in a closely watched speech.


--------------------------------------------------------------------------------------------


Topic :- Time:3.15 PM


Just In:

Export of big cars, SUVs may lose speed under GST .


--------------------------------------------------------------------------------------------


Topic :- Time:3.10 PM


Just In::


Arguments end in court; CBI seeks 10 year jail term for rape convict Gurmeet Ram Rahim.


--------------------------------------------------------------------------------------------


Topic :- Time:3.05 PM


Nifty spot if manages to close above 9900 level then expect bulls to dominate quite more and close below 9900 will result in some sluggish movement.Avoid open sell positions for tomorrow.


--------------------------------------------------------------------------------------------


Topic :- Time:1.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 3043. If it breaks and trade below 3038 level then expect some quick fall in it and above 3055 level some upmove can be seen in it.


--------------------------------------------------------------------------------------------


Topic :- Time:1.15 PM


Just In:

India and China agree to withdraw troops from Doklam after 2 months standoff.


--------------------------------------------------------------------------------------------


Topic :- Time:1.00 PM


Nifty spot is trading at 9914. If it manages to trade and sustain above 9920 level once again then upmove is expected in the market and if it breaks and trade below 9900 level then some profit booking can be seen in it.


--------------------------------------------------------------------------------------------


Topic :- Time:12.50 PM


Just In:

GST, demonetisation left nations youth unemployed: Akhilesh Yadav


--------------------------------------------------------------------------------------------


Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 431.90.If it breaks and trade below 431.50 level then it is likely to show some fall and if it manages to trade and sustain above 432.60 level then some upmove can be seen in it.


--------------------------------------------------------------------------------------------


Topic :- Time:12.00 PM


CESC demerger details-


Demerger date -1 Oct 2017

Demerger business - 4 companies - all will be listed


1) CESC Ltd. (FV Rs.10)

2) CESC Generation (FV Rs.10)

3) CESC Ventures Ltd. ( FV Rs.10)

4) Spencers Retail Ltd. (FV Rs.5)


On every 10 CESC Shares, shareholder to get : 18 Shares


- 5 Shares in CESC Ltd.

- 5 Shares in CESC Generation

- 6 Shares in Spencers Retail

- 2 shares in CESC Ventures 


Share Capital to be increased from Rs.133 Crs to Rs.198 Crs


--------------------------------------------------------------------------------------------


Topic :- Time:11.00 AM


Worlds first diamond futures exchange starts trading in India:


The worlds first diamond futures exchange will begin trading in India on Monday, enabling companies in the largest producer of the cut and polished gems to better hedge price risks. 


Indian manufacturers most require this type of financial product, said Sanjit Prasad, managing director of the Indian Commodity Exchange Ltd. India carries the price risk of holding huge inventories of cut and polished and rough diamonds, he said. 


The exchange, backed by companies including Reliance Capital LtdBSE 2.24 %. and MMTC Ltd.BSE 1.26 %, will start trading in 1 carat/100 cent contracts and will eventually add 50 cent and 30 cent contracts, he said. The futures, two-and-a-half years in the making, followed talks with the Ministry of Finance and the Securities and Exchange Board of India, Prasad said. 


Indian diamond cutters polish about 14 of every 15 of the worlds gems and imported about 153 million carats of rough diamonds in the financial year ended Mar. 31. Polishers source their gems from De Beers, the worlds biggest diamond producer, and also through direct imports from some producing nations. 


Sellers will need to get the diamond certified by the De Beers-promoted International Institute of Diamond Grading and Research and will get credit in electronic form equivalent to the carat deposited, according to the exchange. The exchange has 20 large diamond companies including Rosy Blue (India) Pvt. Ltd. and Kiran Gems Pvt. Ltd. as members and expects about 45 sightholders of De Beers to transact on the exchange platform, Prasad said. 


--------------------------------------------------------------------------------------------


Topic :- Time:10.30 AM


After positive opening nifty is still trading in positive zone. Nifty spot if manages to trade and sustain above 9920 level then expect some further upmove and if it breaks and trade below 9960 level then some softness can be seen.


--------------------------------------------------------------------------------------------


Topic :- Nifty Opening Note


Indian Stock Market Trading View For 28 Aug,2017:


Nifty to turn volatile as the day progresses. Global cues to play critical role.


Nifty spot if manages to trade and sustain above 9880 level then expect some upmove in the market and if it breaks and trade below 9820 level then some profit booking can be seen in the nifty. 


Please note this is just opening view and should not be considered as the view for the whole day.

Market Mantra Report as on August 11,2017

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

august 11th,2017

Market Mantra Report

 

Major Headlines:

Market Summary:

Microeconomic Front:

Corporate Front:

Trading Ideas:

Events for the day:

Global Signals:

Sectoral& Stock Screening:

 

US stocks witness correction with Nasdaq falling over 2%. Gold rises along with bonds as clamor for safety gathers momentum. North Korean geopolitical risk rise which gives reason for markets globally to see much needed correction.

 

 

                                                             

 

 

Major headlines:

·         RBI dividend to gobernment halves to Rs 30659 cr

·         Japanese firm to invest Rs 1000 cr in Andhra

·         IOC buys more U.S crude; First to purchase eagle Ford shale oil

 

 

Indian Indices:  Asian indices opened in the red for another day as fear saw stocks plummet with clamor for safety getting louder. Gold prices rose sharply with the asset hitting 3 month highs as defensive buying saw the price move up. With the Japanese markets shut the strength in the Yen trading at 109 would have seen further decline in export stocks.

Nifty breached 9800 briefly before closing above 9800 as the carnage on mid caps continue to weaken sentiment. Metals, IT and select Private Banks saw buying support while Pharma, PSU Banks and Auto's saw selling get stronger as weak results from Tata Motors and Eicher Motors hurt sentiment. For today expect weekend blues to play dampener as Rupee weakness, foreign selling and important bank results to keep sentiment weak.

The BSE Sensex is currently trading at 31312.09, down by 219.24 points or 0.70% after trading in a range of 31194.87 and 31355.92. There were 5 stocks advancing against 26 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.12%, while Small cap index was down by 0.41%.

The CNX Nifty is currently trading at 9745.40, down by 74.85 points or 0.76% after trading in a range of 9704.35 and 9757.55. There were 12 stocks advancing against 39 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATop Gainers

 

 

Company

Price (Rs)

% chg

Hathway

36.30

20.00

HDIL

59.40

5.88

Bajajfinanc

1717.50

4.83

Sintex

28.50

4.40

Group ATop Losers

 

 

Manapuram

85.85

-8.03

Adanitrans

107.90

-7.82

Centralbk

77.10

-6.03

SCI

82.50

-5.88

 

 

Technical view:  Nifty now finds support around 9700 which was the June resistance and faces strong resistance around 9850, while Bank Nifty looks set to breach 24200 and will find resistance around 23850 while 24500 will act as strong resistance. 

 

 

 

Ashok Leyland Aug Futs (Sell Below 103.50 with Stop Loss at 105 for Target of 98): The stock has constantly been under pressure for the past week and has finally broken down from a rising channel pattern on the daily chart. Other oscillators also indicate that current weakness is likely to extend. Ashok Leyland has also cracked below its 21-DMA support zone, which further accentuates our short term bearish stance on the stock.

Economy Snippets:

After the GST Council empowering the Centre to bring an amendment in the compensation law to increase ceiling on cess on the luxury cars, infuriating auto companies, the finance ministry ruled out lowering cess on hybrid luxury cars. (BS)

The government's capital expenditure will rise by 25 per cent to Rs 3.9 lakh crore by 2019-20, with defence outlay alone jumping 22%, according to the Mid-Year Review tabled in Parliament.

Varun Beverages board approved its intent to enter into a binding agreement to acquire PepsiCo India’s previously franchised territories of the State of Odisha and parts of Madhya Pradesh along with three manufacturing units at Cuttack, Bargarh and Bhopal (Mandideep).

 

Nifty Movers:      The top gainers on Nifty were Aurobindo Pharma up by 1.77%, Infosys up by 1.37%, GAIL India up by 1.23%, Tech Mahindra up by 1.23% and Wipro up by 0.61%. On the flip side, Vedanta down by 2.73%, Asian Paints down by 2.54%, Hindalco down by 2.44%, Larsen & Toubro down by 1.85% and ONGC down by 1.80% were the top losers.

 

Top Sectoral& Stock Screening:     The top gaining sectoral indices on the BSE were Realty up by 0.52%, IT up by 0.24%, Consumer Durables up by 0.14% and TECK up by 0.06%, while Capital Goods down by 1.18%, Metal down by 1.16%, Industrials down by 0.97%, Auto down by 0.94% and Consumer Disc down by 0.91% were the losing indices on BSE.

 

 

On the global front:         On the global front, Asian markets were trading in red, hit by tough language between North Korea and Washington that has sparked safe haven demand. China’s fiscal spending rose at a slower pace in July due mainly to larger expenditure earlier, but a government-led infrastructure push has kept spending brisk this year.

Global Signals:     The Asian markets were trading in red; Hang Seng decreased 559.01 points or 2.04% to 26,884.99, Jakarta Composite decreased 62.98 points or 1.08% to 5,762.97, Shanghai Composite decreased 45.96 points or 1.41% to 3,215.79, KOSPI Index decreased 41.59 points or 1.76% to 2,317.88, FTSE Bursa Malaysia KLCI decreased 8.6 points or 0.48% to 1,769.17 and Taiwan Weighted decreased 1.48 points or 0.01% to 10,328.26.

 

For free trial

Give us  miss call

08030636424

Our Service

› Cash Package

› Future Package

› Nifty Package

› Option Package

› Commodity Package

› Future Bonanza

› Commodity Bonanza

Contact Us

 

 

› Sharetipsinfo, 35 BP, Neelam Bata Road, First Floor, NIT Faridabad,

› Mob: 08030636424, 08030088464,

› 0129-4018445, Fax No: 0129-4019311

› Visit us: http://sharetipsinfo.com/GetFreeAdvice.asp

› For free trial give us a miss call on : 08030636424 Or Visit us at http://sharetipsinfo.com/GetFreeAdvice.asp

 

Market Mantra Report

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

august10th,2017

Market Mantra Report

 

Major Headlines:

Market Summary:

Microeconomic Front:

Corporate Front:

Trading Ideas:

Events for the day:

Global Signals:

Sectoral& Stock Screening:

 

US stocks recover in last hour to close with marginal losses as Trump rhetoric see 'war' threat fade away as better sense prevails. Bond yields hit 2.24% while Gold also sees rally easing as equities recover.

                                                             

 

 

Major headlines:

·         RBI may need to drain up to $22 billion as inflows add to excess liquidity

·         Wouldn’t have approved demonetization

·         Buayantbitcoinstriscryptobubble fears

 

 

Indian Indices:Asian indices opened in the green with Japanese 'Nikkei" seeing gains being sold into as caution prevail before important jobs data due on Friday. South Korean stocks also see some gains even as geopolitical risk emanates stronger than ever before.

Nifty breached 9900 before closing at 9908 with Bank Nifty being the main culprit hitting 24300 as financials lead the downside. Mid cap carnage and leveraged trade unwinding continues to see sentiment turn weak even as local mutual fund flows support the market. For today expect rallies in the morning session to see selling emerge closer to 9950.

The BSE Sensex is currently trading at 31653.32, down by 144.52 points or 0.45% after trading in a range of 31588.26 and 31756.27. There were 9 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 1.12%, while Small cap index was down by 1.37%.

The CNX Nifty is currently trading at 9856.85, down by 51.20 points or 0.52% after trading in a range of 9835.95 and 9879.20. There were 12 stocks advancing against 39 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

Techm

411.75

5.01

BBTC

908.45

3.50

Hdil

59.20

3.14

MMTC

58.90

2.88

Group ATopLosers

 

 

Natcophar

739.75

-10.94

Tatamotors

386.20

-7.33

Tatamtrdvr

224.60

-7.32

DBL

533.25

-5.07

 

 

Technical view: Nifty now finds support around 9845 while 9950 will act as resistance on the upside. Bank Nifty finds support around 24000 while 24650 will act as resistance on the upside.

 

 

 

Exide Industries (Sell Below 207 with SL at 211 for Target of 200): The stock has been consolidating from the past four weeks and has finally broken down from a Symmetrical Triangle Pattern on the daily chart. Exide has also cracked below its long term 200-DMA, which further accentuates our short term bearish stance on the stock. Other oscillators also indicate that current weakness is likely to extend.

Economy Snippets:

The government has notified the timeline for furnishing final tax returns for July and August under the Goods and Services Tax (GST) regime.

 

A war of words over foreign influence on Indian policymaking broke out on Tuesday after NITI Aayog vice-chairman-designate Rajiv Kumar suggested in a newspaper column that Indian-American economists were fading away as part of the ongoing policy transformation in the government. 

 

The government crackdown against 331 “suspected shell companies” has hit several investors, including mutual funds and small investors, who hold shares worth nearly Rs 9,000 crore in these

 

Nifty Movers: The top gainers on Nifty were Tech Mahindra up by 3.73%, AurobindoPharma up by 2.66%, Dr. Reddy’s Lab up by 1.31%, Lupin up by 1.15% and Infosys up by 1.10%. On the flip side, Tata Motors - DVR down by 7.35%, Tata Motors down by 6.65%, Eicher Motors down by 4.03%, BPCL down by 3.50% and Vedanta down by 2.07% were the top losers.

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were IT up by 0.40% and TECK up by 0.26%, while Industrials down by 2.01%, Auto down by 2.01%, Power down by 1.43%, Utilities down by 1.42% and Metal down by 1.40% were the losing indices on BSE.The top gainers on the Sensex were Dr. Reddy’s Lab up by 1.50%, Lupin up by 1.19%, Infosys up by 1.05%, HDFC up by 0.74% and Sun Pharma up by 0.68%.

 

 

 

 

On the global front:On the global front, Asian markets were trading in red, as investors fretted on lingering North Korea tensions, sending Seoul shares skidding to two-month lows even as the previous day’s rush into safe-haven assets appeared to slow. Japan’s core machinery orders unexpectedly fell for a third consecutive month in June, underscoring companies’ reluctance to boost spending and conflicting with recent signs that the economic recovery is gathering momentum.

 

Global Signals:The Asian markets were trading in red; Hang Seng decreased 343.96 points or 1.24% to 27,413.13, Taiwan Weighted decreased 150.43 points or 1.44% to 10,319.95, Shanghai Composite decreased 31.12 points or 0.95% to 3,244.46, Nikkei 225 decreased 20.57 points or 0.1% to 19,718.14, KOSPI Index decreased 7.65 points or 0.32% to 2,360.74, Jakarta Composite decreased 3.61 points or 0.06% to 5,820.39 and FTSE Bursa Malaysia KLCI decreased 1.17 points or 0.07% to 1,776.77.

 

For free trial

Give us  miss call

08030636424

Our Service

› Cash Package

› Future Package

› Nifty Package

› Option Package

› Commodity Package

› Future Bonanza

› Commodity Bonanza

Contact Us

 

 

› Sharetipsinfo, 35 BP, Neelam Bata Road, First Floor, NIT Faridabad,

› Mob: 08030636424, 08030088464,

› 0129-4018445, Fax No: 0129-4019311

› Visit us: http://sharetipsinfo.com/GetFreeAdvice.asp

› For free trial give us a miss call on : 08030636424 Or Visit us at http://sharetipsinfo.com/GetFreeAdvice.asp

 

Market Mantra Report

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

august08th,2017

Market Mantra Report

 

Major Headlines:

Market Summary:

Microeconomic Front:

Corporate Front:

Trading Ideas:

Events for the day:

Global Signals:

Sectoral& Stock Screening:

 

Technology stocks drive US indices to a new high as light volumes keeps the unstoppable bull charge going. Oil, Gold and Bond yields remain range bound as ETF flows continue to see money chase equities.

                                                             

 

 

Major headlines:

·         India’s major ports see rise in cargo traffic by 4.13%

·         China’s July exports, imports weaker than expected cloud global outlook

·         BhartiAirtel subsidiary selling stake in BhartiInfratel for up to $400 million

 

 

Indian Indices:Asian indices opened on a quiet note as profit booking was the call in early trade. With China to release trade data later today most would focus on growth numbers to further validate investment buying as valuations reach stretched levels. 

Nifty saw a strong opening get sold into as last hour selling further dragged the index into the red. Buying in Metals and PSU Banks was evident while selling emerged in IT, Media and Pharma stocks. For today expect another day of sector/stock specific action as the index remains range bound.  

The BSE Sensex is currently trading at 32045.79, down by 227.88 points or 0.71% after trading in a range of 31915.20 and 32354.77. There were 6 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 1.02%, while Small cap index was down by 1.11%.

The CNX Nifty is currently trading at 9989.00, down by 68.40 points or 0.68% after trading in a range of 9947.00 and 10083.80. There were 11 stocks advancing against 40 stocks declining on the index.

MARKET INDICATORS

·           

 

Group ATopGainers

 

 

Company

Price (Rs)

% chg

DBL

578.55

7.55

Edelweiss

243.70

6.23

Hindalco

239.00

4.99

MRPL

137.85

4.51

Group ATopLosers

 

 

Hdil

64.75

-6.70

Unitech

8.30

-6.21

JPassociat

27.25

-6.03

Sparc

367.80

-3.98

 

 

 

Technical view: Nifty finds support around 10000 while 10100 will act as resistance on the upside. Bank Nifty also faces resistance around 25100 while 24750 will act as support on the downside.

 

 

RadicoKhaitan (Buy Above 152 with SL at 149 for Target of 159): After consolidating for past three trading sessions, the stock has broken out from a Flag Pattern on the lower time frame charts. The price has rallied smartly backed by sharp rise in traded volumes. Other momentum oscillators also indicate that the current upswing is likely to extend.    

Economy Snippets:

The Finance Ministry has turned down the Commerce Ministry’s pitch for a reduction in import duty on gold, citing improved data in respect of the current account deficit (CAD), official sources said.

India may impose anti—dumping duty of up to $ 452.33 per tonne on a certain variety of Chinese pneumatic radial tyres to guard domestic players from cheap imports. (HBL)

SUVs, mid-sized, large and luxury cars that had become cheaper after GST rollout on July 1 will cost more as the GST Council has approved a proposal to hike cess on them to 25%, from 15% now.

The country's 12 major ports saw their cargo traffic go up by 4.13% to 221.95 MT in April-July period of the ongoing fiscal, riding on the back of surge in demand, according to data from ports' body IPA.

 

Nifty Movers: The top gainers on Nifty were Hindalco up by 4.28%, Vedanta up by 3.89%, Tata Steel up by 3.52%, Hindustan Unilever up by 1.07% and Bajaj Auto up by 0.72%. On the flip side, BhartiInfratel down by 3.62%, BPCL down by 3.34%, Indian Oil down by 3.21%, SBI down by 2.17% and ONGC down by 1.90% were the top losers.

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Metal up by 2.17% and Basic Materials up by 0.49%, while Realty down by 2.33%, Oil & Gas down by 2.03%, PSU down by 1.78%, Energy down by 1.64% and Power down by 1.50% were the losing indices on BSE.

 

 

 

On the global front:On the global front, Asian markets were trading mostly in green, while Shanghai Composite was down as disappointing Chinese trade data clouded the otherwise upbeat outlook on global growth. China’s exports and imports grew more slowly than expected in July, raising concerns over whether global demand is starting to cool even as major Western central banks consider scaling back their massive stimulus programs.

 

Global Signals:The Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 0.25 points or 0.01% to 1,778.16, KOSPI Index increased 1.84 points or 0.08% to 2,400.59, Jakarta Composite increased 29.69 points or 0.52% to 5,778.98 and Hang Seng increased 43.03 points or 0.16% to 27,733.39.On the other hand, Nikkei 225 decreased 66.64 points or 0.33% to 19,989.25, Taiwan Weighted decreased 9.12 points or 0.09% to 10,570.26 and Shanghai Composite decreased 5.07 points or 0.15% to 3,274.39.

.

 

For free trial

Give us  miss call

08030636424

Our Service

› Cash Package

› Future Package

› Nifty Package

› Option Package

› Commodity Package

› Future Bonanza

› Commodity Bonanza

Contact Us

 

 

› Sharetipsinfo, 35 BP, Neelam Bata Road, First Floor, NIT Faridabad,

› Mob: 08030636424, 08030088464,

› 0129-4018445, Fax No: 0129-4019311

› Visit us: http://sharetipsinfo.com/GetFreeAdvice.asp

› For free trial give us a miss call on : 08030636424 Or Visit us at http://sharetipsinfo.com/GetFreeAdvice.asp

 

US indices close at record high for another day as US Dollar falls further with bond yields hitting 2.24%. Nasdaq sees correction as stock rotation out of technology and into industrial continues.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Indian Indices:Asian stocks opened flat to mildly negative as news of fresh probe into President Trump's Russia links saw markets turn cautious. Fresh weakness in the US Dollar also saw the Japanese yen hit 109.5, which would further hit exporter stocks in the Japanese market.   

Nifty saw a correction led by banks as markets witnessed selling emanate for the first time on good news post the RBI rate cut. The undertone was cautious with Bank Nifty seeing the first 1.5% correction in the last 4 months. For today weekend blues would see range bound trade as investors buy Auto and FMCG stocks while selling may continue in Banks and Pharma. 

The BSE Sensex is currently trading at 32118.74, down by 119.14 points or 0.37% after trading in a range of 32107.99 and 32252.45. There were 13 stocks advancing against 18 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0.36%, while Small cap index was down by 0.22%.

The CNX Nifty is currently trading at 9995.30, down by 18.35 points or 0.18% after trading in a range of 9991.10 and 10026.80. There were 28 stocks advancing against 23 stocks declining on the index. MARKET INDICATORS

Group ATopGainers

Company Price (Rs) % chg

Titan 610.00 9.41

Unitech 7.96 6.28

IOC 405.40 4.78

Repcohom 759.45 3.18

Group ATopLosers

Ceatltd 1774.85 -6.70

HDIL 78.15 -6.35

Biocon 354.30 -5.60

Hcc 39.25 -4.15


Technical view: Nifty now will see support around 10000 and 9980 on the downside while 10050 will act as resistance on the upside. Bank Nifty also finds strong support around 24500 while 24800 will act as strong resistance on the upside.

Bank of Baroda Aug Futs (Sell Below 158 with Stop Loss at 161 for Target of 152): The stock has been consolidating from the past four weeks and has finally broken down from a Rectangle pattern on the daily chart. Bank of Baroda has once again convincingly slipped below its long term 200-DMA, which further accentuates our short term bearish stance on the stock. Other oscillators also indicate that current weakness is likely to extend. 

Economy Snippets:

The LokSabha gave its nod for a Bill to replace the NPA Ordinance promulgated on May 7 this year.  FM ArunJaitley indicated that there could be scope for rationalisation of rates under the Goods and Services Tax (GST) as its implementation progresses. (ET)

The Nikkei India Services Purchasing Managers’ Index (PMI), a pointer to services output on a monthly basis, plunged to 45.9 in July, the lowest since September 2013, from June’s eight-month high of 53.1. (FE)

The government has taken further steps to gradually reduce subsidy on kerosene, continuing the series of market-oriented reforms that have galvanised the petroleum sector and attracted big-ticket investment after an era of excessive controls, controversies and untargeted subsidies that made it difficult for private companies to operate. 

Nifty Movers:  The top gainers on Nifty were Indian Oil up by 4.07%, Vedanta up by 1.84%, Tata Steel up by 1.39%, Hindustan Unilever up by 1.25% and Hindalco up by 1.18%.  On the flip side, Sun Pharma down by 2.37%, Tata Power down by 2.24%, Dr. Reddy’s Lab down by 2.01%, AurobindoPharma down by 1.93% and Bosch down by 1.85% were the top losers.

Top Sectoral& Stock Screening:The top gaining sectoral indices on the BSE were Consumer Durables up by 3.61%, Metal up by 0.78%, Basic Materials up by 0.38%, PSU up by 0.29% and IT up by 0.15%, while Healthcare down by 1.53%, Telecom down by 1.05%, Energy down by 0.80%, Power down by 0.40% and Capital Goods down by 0.38% were the losing indices on BSE.






On the global front:On the global front, Asian markets were trading mostly in green. A flurry of data in coming weeks should show steady growth in China in July, though the potential for increased trade friction with the United States poses a risk to the world’s second-largest economy as it navigates a tighter policy environment.

Global Signals: The Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 0.07 points or 0% to 1,771.97, KOSPI Index increased 9.04 points or 0.38% to 2,395.89, Shanghai Composite increased 10.58 points or 0.32% to 3,283.51, Jakarta Composite increased 10.88 points or 0.19% to 5,791.45, Hang Seng increased 11.4 points or 0.04% to 27,542.41 and Taiwan Weighted increased 26.92 points or 0.26% to 10,496.80.On the other hand, Nikkei 225 decreased 56.28 points or 0.28% to 19,972.98.

.

O


Post market Stock report 03-Aug-2017

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Major headlines

·         Jindal Saw Quaterly result net profit down 2.65% at Rs 64.04 cr

·         RBI sets rupee reference rate at 63.6314 against dollar

CIL likely to offer about 138 mt of coal in various e-auctions in FY18

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us