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Topic :- Share Market Closing Note

Gripped by volatility through the day on the back of escalating tensions on the North Korean front, benchmark indices ended the week on a flat note, with the Nifty ending above 10,050.

The Sensex closed up 30.68 points at 32272.61, while the Nifty ended down by 1.20 points at 10085.40. The market breadth was negative as 1099 shares advanced against a decline of 1466 shares, while 154 shares were unchanged.

Midcaps ended on a flat note, while other Nifty sectoral indices ended in the red, barring Nifty IT. The index closed almost a percent higher.

Among stocks, ONGC and Bajaj Auto were the top gainers on both indices, while BHEL, Dr Reddys Laboratories and IndusInd Bank were the top losers.

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Topic :- Time:3.10 PM

Nifty spot if manages to close above 10090 level then expect some quick upmove in the market in coming trading sessions and close below above mentioned level will result in some sluggish movement. Avoid open positions for Monday.

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Topic :- Time:2.45 PM

Just In:

More trouble for Vijay Mallya: UKs Serious Fraud Office to launch probe.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 29960. If it breaks and trade below 29950 level then it is likely to show some quick fall and if it manages to trade and sustain above 29980 level then some upmove can be seen in it.

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Topic :- Time:2.00 PM

As mentioned in the morning note market is still flat and dull today. Nifty spot immediate support is at 10050-10040 levels and above 10080 level only some upmove can be seen.

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Topic :- Time:1.00 PM

There is no movement in the market as such. Big trades should be avoided as off now. Nifty spot if breaks and trade below 10040 level then some profit booking can be seen in Nifty and if it manages to trade and sustain above 10070 level then some upmove can be seen in Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 421.30. If it manages to trade and sustain above 421.60 level then expect some upmove in it and if it breaks and trade below 420 level then some decline can be seen in it.

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Topic :- Time:12.25 PM

Just In:

Godrej Prop partners debt-laden Nirmal Ventures.

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Topic :- Time:12.00 PM

Nifty spot is trading at 10057. If it manages to trade and sustain above 10070 level then expect some upmove and if it breaks and trade below 10030 level then some profit booking can be seen in the market. Avoid big trades as off now as nifty is trading in a very small range.

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Topic :- Time:11.30 AM

News Wrap Up:

1. ICICI Lombards Rs 5,700 cr IPO is finally out.

2. North Korea fires missile over Japan 

3. Railways to start its biggest track renewal exercise

4. A company with no assets raises $600 million in IPO

5. Mistrys to vote against Tata Sons move to become a private limited company

6. Commodity derivatives volumes lowest since 2010

7. Birla Sun Life Mutual Fund faces Sebi flak for renaming schemes

8. GST on fuel can help rein in prices

9. Modi-Abe meet: Take a look at Indias major imports and exports with Japan

10. Maruti will make electric cars in Gujarat.

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Topic :- Time:11.00 AM

After negative opening nifty is still trading in negative zone. Nifty spot if breaks and trade below 10040 level then further decline can be seen in the market and if it manages to trade and sustain above 10080 level then some upmove can follow in the nifty.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 15 Sept,2017:

Stock specific action is expected in the market. Avoid big trades.

Nifty spot if manages to trade and sustain above 10120-10130 levels then expect some upmove and if it breaks and trade below 10060 level then some profit booking can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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India's informal sector got badly affected by demonetisation and may take further hit due to GST, a UN report today said, lowering country's growth projection to 6.7 per cent for 2017 from 7 per cent in 2016.

UNCTAD's Trade and Development 2017 report notes that the world economy in 2017 is picking up but not lifting off. The growth is expected to reach 2.6 per cent, slightly higher than in 2016 but well below the pre-financial crisis average of 3.2 per cent.

Referring to India and China, it said at the current levels of growth, the countries are unlikely to serve as "growth polls" for the global economy in near future.

India's "output growth" is likely to slowdown to 6.7 per cent in 2017 from 7 per cent in the previous year, it said. The report retained the growth projection for China at 6.7 per cent, the same as 2016.

India's growth performance, it said, depends to a large extent on reforms to its banking sector, which is burdened with large volumes of stressed and non-performing assets, and there are already signs of a reduction in the pace of credit creation.

Indian banks are saddled with non-performing assets of about Rs 8 lakh crore.

Since debt-financed private investment and consumption have been important drivers of growth in India, the easing of the credit boom is likely to slow GDP growth, it said.

"In addition, the informal sector, which still accounts for at least one-third of the country's GDP and more than four-fifths of employment, was badly affected by the government's 'demonetisation' move in November 2016, and it may be further affected by the rollout of the GST from July 2017," it said.

Thus, even if the current levels of growth in both China and India are sustained, "it is unlikely that these countries will serve as growth poles for the global economy in the near future".

The report said the gradual slowdown of China is expected to continue as it moves ahead with rebalancing its economy, towards domestic markets.

However, the explosion of domestic debt since the crisis is proving to be a major challenge for a sustained growth.

Thus, the dependence on debt makes the boom in China and India difficult to sustain and raises the possibility that when the downturn occurs in these countries, deleveraging will accelerate the fall and make recovery difficult, it said.

"Expecting these countries to continue to serve as the growth poles that would fuel a global recovery is clearly unwarranted," the report said.

Referring to global growth, it said most regions are set to register small gains, with Latin America exiting recession and posting the biggest turnaround, even if only at 1.2 per cent growth.

The eurozone is expected to see its fastest growth since 2010 (1.8 per cent) but is still lagging behind the US.

The United Nations Conference on Trade and Development (UNCTAD) report also said that unregulated finance remains at the heart of today's hyper-globalised world and the failure to tame it and address the deep-seated inequalities, it has generated threatens efforts to build inclusive economies.

The report calls for a serious examination of market power, rent-seeking behaviour and "winner-take-most" rules of the game, which have generated exclusionary outcomes.

In response to the political slogan of yesteryear - "there is no alternative" - the report outlines a global new deal to build more inclusive and caring economies.

This would combine economic recovery with regulatory reforms and redistribution policies, and do so with speed and at the requisite scale.

"The successes of the New Deal of the 1930s in the United States owed much to its emphasis on counterbalancing powers and giving a voice to weaker groups in society, including consumer groups, workers' organisations, farmers and the dispossessed poor. This is no less true today," it said.

It further said a decade after sparking a massive global crisis that absorbed trillions of dollars of taxpayers' money in bailouts, the dominant financial sector has barely changed.

The report also examines other sources of anxiety linked to robots and gender discrimination, which are affecting job prospects in developed and developing economies alike.

"While automation and increased female participation should be welcome developments, they appear threatening because they coincide with a world of austerity and excessive competition, leading to a race to the bottom in job markets," the report said.