LIVE MARKET UPDATE

Friday 18 July 2014

Small Comment on Indian Nifty and Equity Market

The S&P BSE Sensex started on a cautious note on Friday tracking Asianmarkets which were trading lower on news of a downed Malaysian Airlines jet at the Ukraine-Russia border. 


Tracking the momentum, the 50-share Nifty index also came under bit of pressure but was still trading above its crucial psychological level of 7600 levels, supported by gains in IT, pharma and FMCG stocks.


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Small Comment on Indian Stock and MCX Market

Shares in Tata Consultancy Services, India's biggest software services exporter, rose 2.9 percent in pre-open trading after its April-June profit and sequential U.S. dollar revenue growth of 5.5 percent beat estimates.

Better-than-expected revenue growth reduces the asking rate for achieving management's guidance of better revenue growth in FY15 than FY14, Nomura said in a report on Friday.

Analysts added that although TCS' valuation looks rich, it is sustainable given execution and visibility remains good.

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Small Comment on Indian Stock and Equity Market

The market has opened in red as investors seem to be nervous on global uncertainties as the world is drawn into the Ukraine-Russia conflict after the MH17 crash. The Sensex is down 13.72 points at 25547.44 and the Nifty is down 16.45 points at 7624.00. About 223 shares have advanced, 310 shares declined, and 23 shares are unchanged. 


The Indian rupee declined in the opening trade on Friday. It has opened lower by 21 paise at 60.39 per dollar versus 60.18 Thursday. TCS is up 3 percent after posting firm May-June quarter last evening.


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Thursday 17 July 2014

Latest Nifty Trading Market News Update

Indian markets are expected to trade in a range on Thursday following mixed trend seen in other Asian markets. 
  • DLF LtdBSE -0.13 % is a 'BUY' call with a target of Rs 242 and a stop loss of Rs 220 
  • Hindalco Industries LtdBSE 0.74 % is a 'BUY' call with a target of Rs 195 and a stop loss of Rs 177 
  • CEAT LtdBSE 2.63 % is a 'BUY' call with a target of Rs 682 and a stop loss of Rs 623
  • Divi's Laboratories LtdBSE -0.77 % is a 'BUY' call with a target of Rs 1540 and a stop loss of Rs 1464 

The Nifty opened on a subdued note on the back of profit booking in banks and auto sectors. Weak cues from Asian peers also kept the sentiment subdued.


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Latest Stock Trading Market News Update

NSE index futures traded on the Singapore Exchange and MSCI-Asia Pacific excluding Japan index trade flat.


Asian equities gained on Thursday, lifted by another record-high close on Wall Street, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve is tilting toward tighter monetary policy in light of a stronger economy.


Overseas investors bought Indian shares worth 6.21 billion rupees ($103.47 million) on Wednesday, provisional exchange data shows.

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Latest Equity Trading Market News Update

BSE Sensex and Nifty were flat in early trade on Thursday after rising sharply in the previous two sessions. IT stocks were among the gainers today ahead of TCS results later in the day.


TCS rose nearly 1 per cent while Infosys gained 1.5 per cent and Wipro 0.9 per cent. IDFC fell over 3 per cent on profit-taking after rising nearly 9 per cent yesterday.


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Wednesday 16 July 2014

Accurate Technical News on Intraday Trading Market

The S&P BSE Sensex surged over 100 points in trade on Wednesday, even though trend in other Asian markets remain muted. The rally was led by gains in ICICI Bank, L&T, Reliance IndustriesBSE 0.57 % and State Bank of India.

 
Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 7550 in trade today, supported by gains in banks, realty, power and capital goods stocks. 


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Accurate Technical News on Intraday Equity Market

Shares in India's Housing Development Finance Corp Ltd fall as much as 2.9 percent on worries about the negative impact from the RBI guidelines under which banks would be exempted from reserve requirements when raising long-term bonds for infrastructure. 


UBS downgrades HDFC to "neutral" from "buy" and cuts price target to 1,075 rupees from 1,100 rupees. The investment bank says HDFC could be impacted by more aggressive pricing on loans by banks, while competition to raise long-term bonds could push up long-term rates. HDFC shares down 2.2 percent at 0416 GMT. 


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Accurate Technical News on Intraday Stock Market

BSE Sensex and Nifty were off to a strong start led by gains in banks after Reserve Bank of India eased financing norms for infrastructure and affordable housing.


The Reserve Bank of India on Tuesday said it will allow long-term bonds raised by banks for infrastructure lending to be exempted from mandatory reserve requirements, in line with the government's announcement in the budget last week. The bonds issued by banks, to be aimed at the infrastructure sector including affordable housing, will be required to have a minimum tenure of seven years.


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Tuesday 15 July 2014

NIFTY MARKET PREDICTION FOR TODAY BY MARKETMAGNIFY


DLF will raise Rs 3,000-3,500 crore via commercial mortgage-backed securities, reports CNBC-TV18 quoting unnamed sources. It hired Credit Suisse for the same, say sources. It is learnt that the realty major will issue mortgage securities against its IT SEZ portfolio of 12 million square feet. DLF recently raised Rs 900 crore via similar route from two malls. It will use proceeds to improve balance sheet and access cheaper debt, say sources.


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EQUITY MARKET PREDICTION FOR TODAY BY MARKETMAGNIFY

Shares in India's Jain Irrigation Systems Ltd gain 3 percent after billionaire investor Shivanand Shankar Mankekar bought a 1.86 percent stake, or 8.26 million shares, in thecompany during the April-June quarter, according to exchange data.


Private investor Mankekar is among the respected stock pickers in India, traders say.


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STOCK MARKET PREDICTION FOR TODAY BY MARKETMAGNIFY

BSE Sensex and Nifty were off to a strong start on Tuesday after suffering five days of losses. The BSE Sensex had declined for a fifth consecutive session as foreign investors turned sellers. On Monday, they sold over Rs.s. 500 crore in Indian equities.


 Nifty has support at 7450 and if it closes above 7500 today, the index could hit 7620 in the short term.


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Monday 14 July 2014

Today Free Equity Trading Tips on Mobile

Markets still struggling for direction after last week's sell-off, which saw the Nifty and Sensex shedding nearly 4 percent. But investors need not worry too much, as a round of profit taking was only inevitable given the run-up in stock price


The Sensex is down 38.56 points at 24985.79 and the Nifty is down 9.90 points at 7449.70. About 647 shares have advanced, 1051 shares declined, and 70 shares are unchanged. Tata Power, HDFC, L&T, Axis Bank and Hindalco are top gainers in the Sensex. Among the losers are Infosys (down 3 percent) ,Sesa Sterlite, Bharti Airtel, Coal India and Sun Pharma.


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Today Free Stock Trading Tips on Mobile

Indian shares are set to open flat on Monday, after overseas investors sold Indian shares worth 7.23 billion rupees ($120.60 million) on Friday, provisional exchange data shows.

Disappointment over the lack of specifics in the federal budget could linger, keeping shares off the record highs hit on July 8.


Caution ahead of May WPI (1200 India time/0630 GMT) and May CPI (1730 India time/1200 GMT) data.

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Today Free Nifty Trading Tips on Mobile

BSE Sensex and Nifty struggled for the fifth day in a row, with some selling pressure seen in IT and banking stocks. Continued profit-taking and some disappointment over the Budget's lack of specifics has triggered a selloff with the Sensex falling 3.6 per cent in the previous week, its worst week in over two years.


The budget unveiled on Thursday was generally well received although some analysts said it lacked major reforms and details about how the government will meet the fiscal deficit target of 4.1 per cent.


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