Friday, 29 June 2018

The Market Extended Its Opening Gains With The Nifty Trading Above 10,650 Levels


The market extended its opening gains with the Nifty trading above 10,650 levels on the first day of July series, backed by metals, oil and banking & financials stocks.

The 30-share BSE Sensex rose 223.45 points to 35,261.09 and the 50-share NSE Nifty gained 71.80 points at 10,660.90. About four shares advanced for every share falling on the BSE.

The Nifty Midcap rose over a percent on short covering.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Recovered From Its Record Low By Rising 20 Paise To 68.58 Against The US Dollar



The rupee recovered from its record low by rising 20 paise to 68.58 against the US dollar on fresh selling of the American currency by banks and exporters.

The Indian currency had yesterday breached the 69-mark but covered lost ground to finally close at an all-time low of 68.79 with a fall of 18 paise against the US dollar due to multiple headwinds like weak global cues and concerns related to inflation and fiscal slippage.

Selling of dollars by banks and exporters today made the greenback weak against some currencies overseas, which supported the rupee, forex dealers said.


For more information ✆ +91 9111-179961 or Visit 
Dollar Advisory

 

Thursday, 28 June 2018

Benchmark Indices Opened Mildly Lower After The Indian Rupee Touched



Benchmark indices opened mildly lower after the Indian rupee touched an all-time low of 68.89 to the dollar.

The 30-share BSE Sensex fell 33 points to 35,184.11 and the 50-share NSE Nifty slipped 23 points to 10,648.40.

TCS, Infosys, Wipro, HCL Technologies, Tech Mahindra, Kotak Mahindra Bank, IndusInd Bank and Hindalco Industries are early gainers.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory



The Market Continued To Trade Lower With The Nifty Falling Below 10,650 Levels



The market continued to trade lower with the Nifty falling below 10,650 levels ahead of expiry of June futures & options contracts today, after the consistent correction in midcaps and smallcaps. The weakness in rupee and lingering trade concerns also weighed on the market.

The Nifty Midcap fell a percent, taking year-to-date loss to 14 percent and outperforming the Nifty50 index.

All sectoral indices are in the red except Auto and Metal that are flat in trade.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Wednesday, 27 June 2018

Asian Shares Were Subdued On Wednesday As Weakness In Chinese Stocks


Asian shares were subdued on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment, while oil held hefty gains as the United States pressured allies to stop buying Iranian crude, it said.

MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.05 percent after touching a two-year trough on Tuesday. Japan's Nikkei has been faring better and was all but flat in early trade.

Oil prices rose on Wednesday, pushed up by supply disruptions in Libya and Canada and after US.officials said all countries should stop Iranian crude imports from November.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Market Continued To Consolidate Ahead Of Expiry Of June Futures & Options



The market continued to consolidate ahead of expiry of June futures & options contracts on Thursday. Asian markets traded lower as trade-related headlines took center stage for investors.

The 30-share BSE Sensex rose 33.10 points to 35,523.14 while the 50-share NSE Nifty fell 5.00 points to 10,764.20.

IT index outperformed all other indices, rising more than a percent as the rupee hit 19-month low of 68.53 against the dollar.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Tuesday, 26 June 2018

The Market Continued To Be Rangebound As Investors Digested Global Correction



The market continued to be rangebound as investors digested global correction and monitor trade developments between world's largest economies US and China.

Experts expect the volatility to increase ahead of expiry of June futures & options contracts on Thursday.

The 30-share BSE Sensex rose 47.16 points to 35,517.51 and the 50-share NSE Nifty gained 13.30 points at 10,775.80. About two shares declined for every share rising on the BSE.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Nifty50 Is Likely To Open Lower On Tuesday Following Muted Trend Seen



The Nifty50 is likely to open lower on Tuesday following muted trend seen in other Asian markets. The Nifty closed 59 points lower at 10,762 on Monday.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 25.5 points or 0.24 percent. Nifty futures were trading around 10,735-level on the Singaporean Exchange.

An escalating trade dispute between the United States and other leading economies battered US stocks on Monday, handing the S&P 500 and Nasdaq their steepest losses in more than two months, said a Reuters report.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Monday, 25 June 2018

The Indian Rupee Opened Marginally Lower By 6 Paise At 67.90 Per Dollar On Monday



The Indian rupee opened marginally lower by 6 paise at 67.90 per dollar on Monday versus 67.84 Friday.

On the daily chart, USD-INR has been falling down from last two trading sessions after taking a resistance of upper Bollinger band formation; which indicate bearish sentiments for near term.

In addition, Price has shifted below 21 DEMA on daily chart, which confirms downward trend for near term.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Shares Have Begun The Week On A Flat Note With The Nifty Holding 10,800-Mark



Shares have begun the week on a flat note, with the Nifty holding 10,800-mark.

The Sensex is down 17.18 points at 35672.42, and the Nifty down 8.20 points at 10813.70. About 385 shares have advanced, 456 shares declined, and 56 shares are unchanged.

Infosys, Lupin, IndusInd Bank, Vedanta are the top gainers, while Dr Reddy's, Tata Motors, ICICI Bank, RIL, Yes Bank and SBI are the top losers.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Friday, 22 June 2018

Benchmark Indices Started Off The Trade On A Weak Note Friday



Benchmark indices started off the trade on a weak note Friday amid mixed Asian cues ahead of OPEC meeting decision due later in the day.

The Sensex fell 23.01 points to 35,409.38 and the Nifty declined 12.90 points to 10,728.20.

BPCL, IOC, ICICI Bank, HCL Technologies, Bajaj Finance, Dr Reddy's Labs, Tata Steel and ONGC are early gainers.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Market Is Trading Flat In Morning Following Mixed Trade In Asian Peers




The market is trading flat in morning following mixed trade in Asian peers ahead of uncertainty over raising crude output in OPEC meeting decision due later in the day.

Sectoral trend is also mixed while the broader markets are trading in line with frontliners

The 30-share BSE Sensex fell 10.26 points to 35,422.13 and the 50-share NSE Nifty declined 11.60 points to 10,729.50.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Thursday, 21 June 2018

The Indian Rupee Opened Lower By 12 Paise At 68.19 Per Dollar



The Indian rupee opened lower by 12 paise at 68.19 per dollar today against previous close of 68.07.

Near-month dollar-rupee June contract on the NSE was at 68.13 in the previous session. June contract open interest declined 3.35% in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 


The Market Continued To Consolidate Amid Rising Fears Of A Global Trade



The market continued to consolidate amid rising fears of a global trade war started by the world's largest two economies US and China.

The Nifty Midcap index underperformed frontliners, falling mildly while the sectoral trend remained mixed.

The 30-share BSE Sensex rose 23.19 points to 35,570.52 and the 50-share NSE Nifty gained 4.20 points at 10,776.20.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Wednesday, 20 June 2018

Bajaj Finance And Tata Elxsi Were The Few Stocks That Hit Fresh 52-Week Highs



Bajaj Finance, Merck and Tata Elxsi were the few stocks that hit fresh 52-week highs in the morning trade.

On the other hand, 55 stocks hit a new 52-week low. These include Can Fin Homes, HCC, Jain Irrigation Systems, Shree Cement, Tata Power and UPL among others.

The breadth of the market favoured advances, with 918 stocks advancing, 626 declining and 493 remaining unchanged. On BSE, 995 stocks advanced, 706 declined and 80 remained unchanged.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Broader Indices Including The Nifty And The Sensex Have Managed



The broader indices including the Nifty and the Sensex have managed to trade in the positive territory.

This Wednesday morning with the Nifty up 23 points at 10,733 and the Sensex is trading higher by 88 points at 35,375.

Nifty realty is the top performing sector led by stocks like Indiabulls Real Estate, DLF, Prestige Estates and Pheonix Mills among others.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Tuesday, 19 June 2018

Benchmark Indices Started Off The Day On A Negative Note Tuesday



Benchmark indices started off the day on a negative note Tuesday following weakness in the Asian peers on escalated trade war tensions.

The Sensex fell 90.36 points to 35,457.90 and the Nifty declined 30.80 points to 10,769.10.

State Bank of India, HPCL, BPCL, ICICI Bank, UPL, Reliance Industries and Tata Steel are under pressure.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Market Extended Previous Day's Losses With The Nifty Struggling Below 10,800 Levels



The market extended previous day's losses with the Nifty struggling below 10,800 levels as Asian counterparts are under pressure after US President Donald Trump threatened more tariffs on Chinese products.

The Sensex slipped 124.80 points to 35,423.46 and the Nifty shed 46.50 points to 10,753.40.

Oil retailers HPCL, BPCL and IOC are biggest losers among Nifty50 stocks, down 3 percent each.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Monday, 18 June 2018

Benchmark Indices Opened Mildly Lower On Monday Following Weakness In Asian Peers





Benchmark indices opened mildly lower on Monday following weakness in Asian peers amid escalated US-China trade tensions.

The Sensex slipped 16.67 points to 35,605.47 and the Nifty declined 8.00 points to 10,809.70.

BPCL, HPCL and IOC gained 2-3 percent after further fall in crude oil prices.Nifty Midcap and Bank Nifty indices slipped 22 points each.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Market Is Rangebound In Morning Trade Despite Weakness In Asian Peers



The market is rangebound in morning trade despite weakness in Asian peers due to escalated trade tensions between world's two largest economies US and China.

The Nifty continued to hold 10,800 levels as Brent crude futures extended losses, down 1 percent to trade below $73 a barrel on likely increase in output in the OPEC meeting later in the week.

The Sensex gained 16.61 points at 35,638.75 and the Nifty rose 2.50 points to 10,820.20.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Friday, 15 June 2018

The Rupee Plunged By 32 Paise To Hit A Three-Week Low Of 67.95 Against The US Dollar



The rupee plunged by 32 paise to hit a three-week low of 67.95 against the US dollar following strong demand for the greenback amid sustained foreign capital outflows.

Besides, the dollar strengthening against other currencies overseas as the European Central Bank (ECB) pledged to leave interest rates unchanged until mid-2019, weighed on the rupee, traders said.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,372.84 crore yesterday, as per provisional data issued by the stock exchanges.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Nifty50 Is Likely To Open Lower On Friday Following Muted Trend



The Nifty50 is likely to open lower on Friday following muted trend seen in other Asian markets. The Nifty closed 48 points lower at 10,808.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 19.5 points or 0.18 percent. Nifty futures were trading around 10,795-level on the Singaporean Exchange.

US stocks ended a choppy session lower on Wednesday after the US Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year, said a Reuters report.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Thursday, 14 June 2018

Shares Of ICICI Bank Fell 1 Percent In The Early Trade As Company To Offload 2 Percent



Shares of ICICI Bank fell 1 percent in the early trade as company to offload 2 percent stake in its insurance arm.

"The board of directors of the bank approved the sale of up to 2,87,11,100 shares, representing up to 2% of the issued and the paid-up equity share

capital of ICICI Prudential Life Insurance Company in one or more tranches," as per company release.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Nifty50 Is Likely To Open Lower On Thursday Following Muted Trend



The Nifty50 is likely to open lower on Thursday following muted trend seen in other Asian markets. The Nifty closed 13 points higher at 10,856.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 34.5 points or 0.32 percent. Nifty futures were trading around 10,810-level on the Singaporean Exchange.

US stocks ended a choppy session lower on Wednesday after the US Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year, said a Reuters report.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Tuesday, 12 June 2018

Shares Of Manappuram Finance Gained Over A Percent In The Morning Trade As Investors



Shares of Manappuram Finance gained over a percent in the morning trade as investors bet on the stock ahead of its Board Meeting.

The company’s Board will be meeting on June 14 in a bid to consider issuance of non-convertible debentures (NCDs) on a private placement basis.

It was in the news recently after it declared its financial results. The company reported a fall of 9.2 percent in its net profit at Rs 182.17 crore in the last quarter ended March 2018. The company had registered a net profit of Rs 200.58 crore in the same quarter of the preceding fiscal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Benchmark Indices Began Trading On A Mildly Higher Note With The Nifty Holding



Benchmark indices began trading on a mildly higher note, with the Nifty holding 10,800-mark in the opening tick

The Sensex is up 43.18 points or 0.12% at 35526.65, while the Nifty is up 14.50 points or 0.13% at 10801.50. The market breadth is positive as 481 shares advanced, against a decline of 334 shares, while 68 shares were unchanged.

All sectoral indices are trading flat, with maximum gains visible in pharmaceutical names. Midcaps, too, are trading flat; Nifty Midcap index is up over one-tenth of a percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Monday, 11 June 2018

The Indian Rupee Opened With Marginal Gain Of 4 Paise At 67.46 Per Dollar On Monday


The Indian rupee opened with marginal gain of 4 paise at 67.46 per dollar on Monday versus previous close 67.50.

Rupee, on Friday, came under pressure against the US dollar after global crude oil prices continued its uptrend. But in the late half of the session crude prices came under pressure as US oil drilling activity rose to its highest level since March, 2015, while increasing output in Russia also weighed on the market, said Motilal Oswal.

On the domestic front, market participants will be keeping an eye on inflation and industrial production number. Expectation is that inflation for May could rise to 4.8% compared to rise of 4.5% in the previous month.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Shares Have Begun The Week On A Positive Note With The Nifty Trading



Shares have begun the week on a positive note, with the Nifty trading eyeing 10,800-mark.

The Sensex is up 46.03 points or 0.13% at 35489.70, and the Nifty up 15.50 points or 0.14% at 10783.20. The market breath is positive as 393 shares advanced, against a decline of 151 shares, while 60 shares are unchanged.

Among sectoral indices, pharma, metals and IT stocks are trading higher, while midcaps, too, are seeing good gains.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Friday, 8 June 2018

The Indian Rupee Slipped In The Early Trade On Friday It Has Opened Lower By 34 Paise



The Indian rupee slipped in the early trade on Friday. It has opened lower by 34 paise at 67.46 per dollar versus 67.12 yesterday.

Rupee fell in the second half of the session following broad strength in the dollar against its major crosses and uptick in global crude oil prices. Yesterday, oil prices rose following reports that Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals.

In the recent past, it has been observed that higher crude oil prices have weighed on the rupee, said Motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Equity Benchmarks Have Begun The Day On A Lower Note Tracking Negative Global Cues



Equity benchmarks have begun the day on a lower note, tracking negative global cues along with domestic issues of higher bond yields, crude prices as well as weak rupee.

The Sensex is down 132.72 points or 0.37% at 35330.36, while the Nifty is lower by 45.60 points or 0.42% at 10722.80. The market breadth is in favour of the declines as 346 shares have advanced against a fall of 668 shares, while 68 shares are unchanged.

Shares of oil marketing companies (OMCs) are trading lower on the back of higher crude prices. Indian Oil, HPCL and BPCL are trading up to 2 percent lower.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Thursday, 7 June 2018

The Nifty50 Is Expected To Open Above 10,700 On Thursday Following Positive Trend Seen In Other Asian Markets



The Nifty50 is expected to open above 10,700 on Thursday following positive trend seen in other Asian markets. The Nifty50 closed 91 points higher at 10,684 levels.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 36 points or 0.34 percent. Nifty futures were trading around 10,731- level on the Singaporean Exchange.

Wall Street indexes rallied on Wednesday with help from financial stocks as investors eyed strong economic data and trade war fears took a back seat while the Nasdaq registered its third straight record closing high, said a Reuters report.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

The Indian Rupee Opened Flat At 66.93 Per Dollar On Thursday Against Previous Close 66.92



The Indian rupee opened flat at 66.93 per dollar on Thursday against previous close 66.92.

Near-month dollar-rupee June contract on the NSE was at 67.08 in the previous session. June contract open interest declined 2.11% in the previous day.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, said ICICIdirect.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Wednesday, 6 June 2018

The Nifty50 Is Expected To Open Flat On Wednesday Following Muted Trend Seen In Other Asian Markets



The Nifty50 is expected to open flat on Wednesday following muted trend seen in other Asian markets. The Nifty50 closed 35 points lower at 10,593 levels.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 20 points or 0.19 percent. Nifty futures were trading around 10,587-level on the Singaporean Exchange.

US stocks mostly edged higher on Tuesday as technology shares extended recent gains while US Treasury yields fell on safe-haven buying after Italy’s new prime minister outlined new economic policies that could add to the nation’s debt, said a Reuters report.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Benchmarks Have Extended Their Gains Now With The Sensex Trading Over 100 Points Higher


Benchmarks have extended their gains now, with the Sensex trading over 100 points higher, while the Nifty is well above 10,600-mark.

A sudden spike is seen in metals, pharmaceuticals, as well as midcaps too. The Nifty Auto index is also trading higher by almost half a percent.

Reliance Industries, HDFC and L&T are contributing to gains on Sensex and Nifty, while HDFC Bank, ICICI Bank and IOC are looking to cap the upside.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory 

Tuesday, 5 June 2018

The Indian Rupee Opened Higher At 67.07 Per Dollar On Tuesday Versus Previous Close 67.11



The Indian rupee opened higher at 67.07 per dollar on Tuesday versus previous close 67.11.

Rupee consolidated in a narrow range ahead of the important RBI policy meeting outcome that will be released tomorrow. The three-day policy meeting began yesterday.

expectation is that the central bank could hold rates but at the same time could change its stance from ‘Neutral’ to ‘Hawkish’. Market participants will also be keeping an eye on inflation outlook especially after the recent rally in global crude oil prices, said Motilal Oswal.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Have Begun The Day On A Flat Note With The Nifty Holding On To 10,600-Mark



Equity benchmarks have begun the day on a flat note, with the Nifty holding on to 10,600-mark. The Sensex has managed to trade above 35,000.

The Sensex is up 26.02 points or 0.07% at 35037.91, and the Nifty down 11.30 points or 0.11% at 10617.20. The market breadth is negative as 217 shares advanced, against a decline of 289 shares, while 61 shares are unchanged.

Some cuts are visible in the PSU banking space, while the Bank Nifty is also down around quarter of a percent. Midcaps, meanwhile, are trading flat.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 4 June 2018

Benchmark Indices Started Off The Week On A Strong Note Tracking Positive Lead From Global Stocks



Benchmark indices started off the week on a strong note, tracking positive lead from global stock post US jobs data.

Th e 30-share BSE Sensex rallied 236.77 points to 35,464.03 and the 50-share NSE Nifty rose 61.20 points to 10,757.40.

Hero MotoCorp, L&T, Bajaj Finance, Titan Company, HDFC Bank, ICICI Bank, Dr Reddy's Labs, IndusInd Bank, HPCL, Tata Motors, BPCL, GAIL, IOC, HDFC and Coal India gained up to 2.5 percent.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Erased All Its Opening Gains To Trade Lower Despite Strong Global Cues



The market erased all its opening gains to trade lower despite strong global cues, pulled down by HDFC Bank that fell 2 percent on profit booking.

The Sensex is down around 100 points and the Nifty slips below 10,700 while the Nifty Bank index falls 200 points.

HDFC, TCS and FMCG stocks are under pressure while Reliance Industries, Infosys, ICICI Bank supported the market.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 1 June 2018

The Indian Rupee Is Trading Higher By 15 Paise At 67.26 Against The US Dollar



The Indian rupee is trading higher by 15 paise at 67.26 against the US dollar on continued selling of the American currency by banks and exporters amid robust macroeconomic data.

Data released by the CSO yesterday showed gross domestic product (GDP) growth in the January-March quarter of 2017-18 was at a seven-quarter high of 7.7 per cent, helping India retain the tag of world's fastest growing major economy.
Forex dealers said besides sustained selling of the American currency by exporters as well as banks, a higher opening in the domestic equity market supported the rupee.
For more information ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices started Off Last Day Of The Week On a Flat Note Despite



Benchmark indices started off last day of the week on a flat note despite better-than-expected fourth quarter GDP data.

The 30-share BSE Sensex fell 25.01 points to 35,297.37 and the 50-share NSE Nifty declined 16.90 points to 10,719.30.

Nifty Bank index fell 150 points and Nifty Midcap index declined 40 points.

For more information ✆ +91 9111-179961 or Visit Dollar Advisory