Category Archives: Stock Cash Calls

RBI still has room to slash key rate in current fiscal

RbinoteThe Reserve Bank still has room to cut the key policy rate in the current fiscal, veteran banker Naina Lal Kidwai has said, while stressing that banks should pass on the benefits of lower rates to customers, reported PTI. RBI reduced the repo rate by 0.25 per cent to 6 per cent earlier this month, citing reduction in inflation risk. The rate cut was the first in 10 months and brought policy rates to near 7-year low.

“There is clearly room for further rate cuts. But the rate cut from RBI is not good enough. The rate cut has to happen from the way banks engage with industry, and that is a function on how efficient the banks are, what are their NPAs, their losses,” Kidwai told PTI on the sidelines of a conference here. She further said the resolution of non-performing assets (NPAs) or bad loans, going forward, will be a “big positive”.

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Nifty may open on negative note, shed 8 points

nifty-marketF&O Outlook:

Nifty PCR-OI has increased to 0.98 from 0.92. The rise in the ratio may be due to increase in PE of 9700 and decrease in CE of 10500. PE of 9800 and CE of 9900 are the highest number of contracts traded.

 

Opening for the Day:

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 8 points at the opening bell.

Markets open on a positive note on Wednesday

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 31,566.24 points, touched a high of 31,602.64 points and a low of 31,504.63 points.

On Monday the Sensex closed at 31,449.03 points. Tuesday was a holiday.

The Sensex is trading at 31,513.07 points up by 64.04 points or 0.20 per cent.

On the other hand, the broader 51-scrip Nifty at the National Stock Exchange (NSE) opened at 9,825.85 points after closing at 9,794.15 points.

The Nifty is trading at 9,819.25 points in the morning.

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INTERNATIONAL MARKET UPDATE

19732193_1463673457020348_3598672489162175125_nGOLD $ 1272.80
SILVER $ 16.645
COPPER $ 2.878
CRUDE $ 47.85
INR 64.29

CLOSING BUZZ UPDATE

NIFTY FUTURE UP 67.95 @ 9809.00

 
BANK NIFTY FUTURE UP 97.85 @ 24183.45

 
SENSEX UP 235.44 @ 31449.03

 
INR 64.08

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Nifty PSU Bank index lone loser among sectoral indices

While other sectoral indices were gaining on NSE in Monday’s morning trade, the Nifty PSU Bank index was trading in the negative territory, with shares of IDBI Bank (down 1.42 %), Bank of Baroda (down 0.74%) and State Bank of India (down 0.61 %) in red.

However, other components in the index, including Andhra Bank(up 0.81 %), Oriental Bank of Commerce (up 0.51%), Punjab National Bank(up 0.50%) and Canara Bank(up 0.43 %) were trading in positive.
The Nifty PSU Bank index was trading 14 points down at 3,279 around 10.35 am (IST).Among the sectoral gainers, Nifty Realty index led, followed by Nifty Metal and auto indices.
In the Nifty 50 index, Cipla (up 5.92%), Adani Ports (up 3.14 %), Tata Steel (up 2.98 %), Eicher Motors (up 2.81%), HDFC (up 2.78%),Vedanta(up 2.38%) and Hindalco (up 2.29%) were gaining over 2 %.
However,BPCL(down2.51%),Bosch(down1.87%),DrReddy’s Laboratories(down 0.92%) and Larsen & Toubro (down 0.51%) were trading in red.
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MARKET MAGNIFY:- COMING WEEK MARKET OVER VIEW

output_HQKCu5Looking at the daily chart, the Nifty has closed below the ‘5 SMA’ along with the negative crossover in MACD.

This is an indication that the index might undergo some consolidation phase in near term. Thus, short term traders should focus on stock-specific moves and trade with proper risk management.

Major Resistance for spot nifty is 10090 and 10210, where support is 9940 and 9820.

Major Support for bank nifty future 24600 and 24100 which is very crucial, where resistance is at 25150 and 25550

Next week bullish movement could be seen in Repco Homes, Jubl Food and Gujrat Flouro.

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