http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns
Indian benchmark indices ended sharply higher on September 30 with Nifty closing above 17,000 after Reserve Bank of India (RBI) announced repo rate hike by 50 bps.
At Close, the Sensex was up 1,016.96 points or 1.80% at 57,426.92, and the Nifty was up 276.20 points or 1.64% at 17,094.30. About 2283 shares have advanced, 1058 shares declined, and 95 shares are unchanged.
Hindalco Industries, Bharti Airtel, IndusInd Bank, Bajaj Finance and Kotak Mahindra Bank were among the top gainers on the Nifty. However, losers included Shree Cements, Asian Paints, Britannia Industries, Coal India and Dr Reddys Laboratories.
All the sectoral indices ended in the green with auto, power, capital goods, bank, realty and metal up 1-2 percent.
BSE Midcap and Smallcap indices added 1 percent each.
--------------------------------------------------------------------------------------------
Topic :- Time:3.00 PM
Nifty spot if holds above 17080 level on closing basis then expect some upmove in market in coming sessions and close below above mentioned level will result in some sluggish movement. Avoid open positions for Monday.
--------------------------------------------------------------------------------------------
Topic :- Time:2.50 PM
UK Forex reserve is at all time low. Its just $500 Billion which is way lower than India. They might enter into recession followed by depression during winter time as Industries will suffer due to leakage in Gas pipeline from Russia which will be closed again. With upcoming winters survival without Russian gas will be difficult.
--------------------------------------------------------------------------------------------
Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 50336.If it manages to trade and sustain above 50380 level then some further upmove can be seen and if it breaks and trade below 50290 level then some decline can follow.
--------------------------------------------------------------------------------------------
Topic :- Time:2.00 PM
Nifty is recovering smartly. Nifty spot if manages to trade and sustain above 17160 level then expect some further upmove in the market and if it breaks and trade below 17120 level then some decline can be seen.
--------------------------------------------------------------------------------------------
Topic :- Time:1.30 PM
COPPER Trading View:
COPPER is trading at 654.If it manages to trade and sustain above 655.20 level then expect some upmove in it and if it breaks and trade below 653.20 level then some decline can follow in the market.
--------------------------------------------------------------------------------------------
Topic :- Time:1.10 PM
Just In:
Nestle India finance chief David Steven McDaniel to step down from March.
--------------------------------------------------------------------------------------------
Topic :- Time:1.00 PM
Nifty spot is trading at 17088. If it manages to trade and sustain above 17120 level then some upmove can follow in the market and if it breaks and trade below 17060 level then some decline can be seen.
--------------------------------------------------------------------------------------------
Topic :- Time:12.00 PM
Nifty is trading in green zone and is going strong now. Nifty spot if manages to trade and sustain above 17020 level then expect some further upmove in the market and if it breaks and trade below 16960 level then some decline can follow in the Nifty.
-------------------------------------------------------------------------------------------
Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex up 450pts, Nifty above 16,900 after RBIs 50 bps rate hike
2. RBI policy: Repo rate hiked by 50 bps to 5.9%; FY23 GDP forecast cut to 7%
3. Govt must curb non-essential imports to stem rupee fall: CEO poll
4. Discussions on with Indus Towers for softer payment terms, says Vi
5. India is the only growth market for autos globally: S&P Global Mobility
6. India falls short on FTSE Russell EM government bond index inclusion
7. LNG markets may tighten further in 2023 as demand likely to rise: IEA Chief
8. Sebi permits FPIs to participate in exchange-traded commodity derivatives
--------------------------------------------------------------------------------------------
Topic :- Nifty Opening Note
Indian Stock Market Trading View For 30 Septmber 2022:
Expect market to remain volatile throughout the day. Global cues to dictate trend.
Nifty spot if manages to trade and sustain above 16880 level then expect some further upmove in the market and if it breaks and trade below 16780 level then some decline 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.
--------------------------------------------------------------------------------------------