Monday, 29 June 2015

Gammon Infra hits 20% upper circuit

 The counter has seen trades of around 184,000 shares as against the two-week daily average volume of 134,000 shares.

Gammon Infrastructure Projects is now locked at the 20 percent upper circuit limit at Rs. 13, on the back of positive news flow.
According to a release issued by the company to the BSE, Gammon Infrastructure yesterday said that Indira Container Terminal Private Limited (‘ICTPL'), one of the joint venture SPV of the Company, has accepted the Mumbai Port Trust (MbPT) proposal for alternative use of the Offshore Container Terminal for Roll-on/Roll-off operations, i.e. operations of providing facilities to the importers and exporters of automobiles and self propelled equipment, for a period of one year from the date of operation with revenue share of 45 percent to ICTPL and 55 per cent to MbPT.

The counter has seen trades of around 260,000 shares as against the two-week daily average volume of 134,000 shares.

Meanwhile, the BSE Sensex is up 52 points at 27,697.

Kaveri seeds slips 2%


The stock has hit a high of Rs. 785 and a low of Rs. 731.10 on BSE today.

Shares of Kaveri Seed Company Ltd was trading 1% up at Rs. 772 after the promoter sold 0.4% stake in company, as per media reports.

The stock opened at Rs. 754 as against the previous close of Rs. 766 on BSE. It has hit a high of Rs. 785 and a low of Rs. 731.10 on BSE today.

Total traded quantity on the counter stood at over 7,462 lk shares on BSE.

Meanwhile, the BSE Sensex is down 481 points at 27,331.

Stock Market Advisory 

 

Sunday, 28 June 2015

29 Jun 2015 Nifty future Intrday trading calls for tomorrow

The first day of July series Sensex and Nifty are sluggish. However, experts believe that the July series of market opening is not showing much good. The Series 5 weeks living and its expiry on July 30, said. During the July series will look at the crisis in Greece, because Greece on June 30 is the last date for payment of the debt. 

In July series of companies will start a series of first-quarter results. In the same series monsoon session of Parliament will continue to monitor the market. Among all these triggers in the July series such shares which may be big returns. 
MORE CALLS FOR TOMORROW AND MONDAY SURE STOCKS MARKET TRADING CALLS.... NIFTY FUTURE CALLS TOMORROW

Pre Nifty & Bank Nifty Market Trend - 29 June 2015

Nifty & Bank Nifty Fut Levels for today ::

Nifty Future::
Trend::UP
Pivot Level:8378
Support:8342/8304/8268
Resistance:8416/8452/8490


Bank Nifty Future::
Trend::UP
Pivot Level:19331
Support:18187/18026/17882
Resistance:18492/18636/18797
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MCX Levels for today 29 June 2015--Alliance Research



Gold (August)
Trend::Up
Pivot Point:26508
Support::26427/26331/26250
Resistance::26604/26685/26781

Silver (July)
Trend::Up
Pivot Point::35858
Support::35526/35084/34752
Resistance::36300/36632/37074


Crude Oil(July)
Trend:ideway
Pivot Point::3799
Support::3770/3726/3697
Resistance::3843/3872/3916

Copper (June)
Trend:own
Pivot Point::370.50
Support::368.65/366.10/364.25
Resistance::373.05/374.90/377.45

Lead (June)
Trend:own
Pivot Point::112.65
Support::111.50/110.75/109.60
Resistance:113.40/114.55/115.30

Nickel (June)
Trend:own
Pivot Point:795.50
Support::783.70/777/765.20
Resistance::802.20/814/820..70

Natural Gas (July)
Trend:ideway
Pivot Point:179.30
Support::175.30/173/169
Resistance::181.60/185.60/187.90
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Indian rupee opens at 63.84 per dollar; slips 20 paise

 The market will remain choppy as headlines from Europe keep emerging during the day.


The Indian rupee declined in the early trade on Monday. It has opened lower by 20 paise at 63.84 per dollar versus Friday's closing of 63.64.   According to Agam Gupta of Standard Chartered, the range for USD-INR should be Rs 63.60-64/dollar as we expect strong USD demand to emerge on any dips. Upticks towards 64 should see USD selling interest from exporters. The market will remain choppy as headlines from Europe keep emerging during the day."   Euro plunged to a 1-month low after Greece failed to strike a deal with its international lenders. Euro traded below 1.10 to the dollar.    A failure by Greece to repay a 1.6 billion-euro debt owed to the IMF by Tuesday could lead to its exit from the euro zone, which many investors fear may weaken the entire currency block.

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Sensex breaks 27,000, down about 500 points, what experts say--

 The S&P BSE Sensex fell about 400 points in intraday trade on Tuesday, breaking below 27,000. Bank Nifty is down below its 200-DMA.

Adani Enterprises dropped 80% today as the company hived off its port and power businesses and merged them with Adani Ports, Adani Power. Investors might not have lost any money. Adani Ports will issue 14,123 shares for every 10,000 Adani Ent shares held; Adani Power will issue 18,596 shares for every 10,000 held.

Nestle plunged nearly 10 per cent as trouble mounted for Maggi. However, Ashwini Gujral said investors need not get swayed till the case is over and maintained its 'buy' call.

Rupee is trading higher against the dollar on the Interbank Foreign Exchange.

Markets @ 12:00

Sensex: 27,802 down 385 points; Nifty: 8,123 down 112 points

Top Gainers

NTPC (0.5%), TCS (0.4%), COAL INDIA (0.3%), HDFC (0.1%), INFOSYS LTD (0.0%)

Top Losers

TATA MOTORS (-4.7%), ITC LTD (-4.4%), TATA POWER (-4.1%), BHEL (-3.2%), ICICI BANK (-3.1%)

BUZZING STOCKS

Emami gained over 3 per cent a day after it acquired Kesh King for Rs 1651 crore.

Unitech cracked 50 per cent

Short-term uncertainties back; look at pharma stocks as long-term bets: Kunj Bansal,ED & CIO, Centrum Wealth Management Ltd. 

Nifty gives strong signals; 8,000-8050 levels in sight: Ashwani Gujral,Fund Manager, Ashwanigujral.com. 

See bullmarket continuing for another 12-18 months; must invest on dips: Standard Chartered Bank. 
Outlook for markets is weak: Shankar Sharma, Vice-Chairman, First Global. Read Here 

Prefer MM Forging, JK Cement, PTC Financial, says Kunj Bansal. Read Here 

ITC may continue to remain an underperformer: Kunj Bansal,ED & CIO, Centrum Wealth Management Ltd

Nifty sees a fresh leg of downtrend, heads towards sub-8000 levels: Mitesh Thacker, Technical Analyst, miteshthacker.com. 

To look at buying into quality stocks on back of correction: Motilal Oswal AMC

Difficult for us to cut lending rates any further: Arundhati Bhattacharya, Chairman, SBI.
Here is a list of twelve stocks that are in focus today:

State Bank of India: State Bank of India (SBI), the nation's top lender by assets, said on Tuesday it will cut its base lending rate by 15 basis points to 9.7 per cent, effective June 8.

Power Grid Ltd: State-run transmission utility Power Grid Corporation (PGCIL) is planning to invest Rs 22,500 crore this fiscal to fuel its expansion plans.

RIL: Reliance Industries will produce 23 million standard cubic meters per day of more gas from five discoveries in the flagging KG-D6 block by 2016-17, the Oil Ministry said in its latest annual report.

Allahabad Bank: First off the blocks, state-owned Allahabad Bank cut its base rate or minimum lending rate by 0.3 per cent within hours of RBI lowering key policy rate for the third time this year.

Nestle Ltd: The Delhi government has decided to initiate a case against the company for selling an unsafe product and impose a financial penalty for "misbranding".

Apollo Hospitals Ltd: Healthcare major Apollo Hospitals Enterprise has acquired 51 percent stake in Assam Hospitals to strengthen its presence in the north-eastern region.

South Indian Bank: South Indian Bank has informed that the Board of Directors of the Bank at its meeting has decided the to augment Tier I capital by way of increasing the paid-up capital of the Bank by issue of equity shares not exceeding Rs.20 crores in nominal value.

Punjab & Sind Bank: The bank has reduced its 'Base Rate' by 25 bps from existing 10.25% p.a. to 10.00% p.a. as well as, reduced 'Benchmark Prime Lending Rate' (BPLR) by 25 bps from existing 15.25% p.a. to 15.00% p.a. effective from 03 June 2015.

Oberoi Realty Ltd: The company on Monday said its board has passed an enabling resolution for raising up to Rs 2,250 crore by issuing debentures and equity shares through public offer and private placement.

Essar Ports Ltd: The company said a strategic pact between the company and Port of Antwerp International has been mutually terminated.

Emami Ltd: Mid-tier FMCG firm Emami Ltd on Tuesday acquired the 'Kesh King' brand of hair and scalp care products from SBS Biotech for Rs 1,651 crore, one of the largest deals in the segment in recent times, after the seller agreed to lower the original asking price.

Balmer Lawrie Ltd: Diversified public sector enterprise Balmer Lawrie is planning to expand its distribution network and double its market share over the next five years, a senior official of the company said.

MARKETS THROUGH THE DAY 

Markets @ 11:00

Sensex: 27,047, down 140 points; Nifty: 8,188, down 48 points

Top Gainers

COAL INDIA (1.7%), RELIANCE IND. (1.2%), WIPRO (1.2%), NTPC (0.8%), HDFC (0.7%)

Top Losers

TATA MOTORS (-4.1%), ITC LTD (-3.4%), HIND. UNILEVER (-1.9%), AXIS BANK(-1.8%), SUN PHARMA (-1.6%)

Markets @ 10:00

Sensex: 27,041 down 146 points; Nifty: 8,184 down 52 points

Top Gainers

COAL INDIA (1.6%), WIPRO (1.3%), INFOSYS LTD (1.0%), BHEL (0.6%), RELIANCE IND. (0.6%)

Top Losers

TATA MOTORS (-3.3%), ITC LTD (-3.0%), GAIL (-2.3%), ICICI BANK (-2.1%), YES BANK (-2.0%)

Markets @ 9.20

The 30-share index was at 27,146 down 41 points or 0.15 per cent. It touched a high of 27,276.22 and a low of 27,065.78 in trade today.

The Nifty was at 8210 down 26 points or 0.32 per cent. It touched a high of 8236.70 and a low of 8197.70 in trade today.

The S&P BSE Midcap Index was down 0.22 per cent and BSE S&P Smallcap Index edged lower by 0.07 per cent.

Wipro (up 1.1 per cent), Infosys (up 1.15 per cent), Coal India (up 0.83 per cent), BHEL (up 0.82 per cent) and HDFC (up 0.79 per cent) were among the major Sensex gainers.

ITC (down 2.3 per cent), ICICI Bank (down 1.6 per cent), Tata Motors (down 1.4 per cent), GAIL (down 1.2 per cent) and HUL (down 1.2 per cent) were the major index losers.

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Friday, 26 June 2015

Sensex, Nifty remain in negative territory

 Banking, realty, infra and metal stocks are witnessing selling pressure on the bourses. Gail, HDFC and Cairn India are among the major losers.



The market continues to trade on a lower note on the back sustained selling in banking, realty and infra shares. At 11:25 AM, the Sensex is down 77 points at 27,819. The Nifty is down 18 points at 8,380. The broader market is out-performing the benchmark index. The CNX Midcap index has added 0.4 percent at 5,369 and the CNX Midcap index is marginally in green at 13,059. Sectorwise, the Bank Nifty has slipped over a percent. The CNX Realty and the CNX Infra indices have dropped nearly a percent each. The CNX Metal index has shed 0.6 percent. On the other hand, the CNX IT index has jumped 1.4 percent. The CNX Pharma index has added over 0.5 percent. Among Nifty losers - Gail has tumbled over 3 percent at Rs. 400. HDFC and Cairn India have dropped 2 percent each at Rs. 1,282 and Rs. 184, respectively. Kotak Bank, Vedanta, BHEL, Tata Power and Bharti Airtel have shed around 1.5 percent each. Hindalco, Punjab National Bank, Yes Bank, Larsen & Toubro and ICICI Bank are among notable losers. 

Stock Market Research And Advisor

Thursday, 25 June 2015

MCX Levels for Today 26 June 2015-- Alliance Research



Gold (August)
Trend:own
Pivot Point::26519
Support::26425/26365/26271
Resistance::26579/26673/26733

Silver (July)
Trend:own
Pivot Point::36119
Support::35925/35745/35551
Resistance::36299/36493/36673

Crude Oil(July)
Trend:ideway
Pivot Point::3819
Support::3782/3755/3718
Resistance::3846/3883/3910

Copper (June)
Trend:own
Pivot Point::367.35
Support::365.20/362.10/359.95
Resistance::370.45/372.60/375.70

Lead (June)
Trend:own
Pivot Point::113.20
Support::112.55/111.70/111
Resistance:114.10/114.80/115.65

Nickel (June)
Trend:own
Pivot Point:806
Support::799/792/785
Resistance::814/821/828

Natural Gas (July)
Trend::UP
Pivot Point:179
Support::176.40/172.50/170
Resistance::182.80/185.40/189.20
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Nifty starts July series on flat note; Infy up, GAIL falls

Infosys, NTPC, Tata Motors, Sun Pharma and Wipro are top gainers in the Sensex. Among the losers are GAIL, Vedanta, BHEL, Lupin and Axis Bank. 

The market has opened flat on a fresh start of July F&O series today. The Sensex is up 0.03 points at 27896.00, and the Nifty is down 4.05 points at 8393.95. About 245 shares have advanced, 188 shares declined, and 65 shares are unchanged. Nifty's recent move is exuding a lot of optimism. Resistance for the 50-share index is seen at 8500. In the June series, foreign institutional investors (FIIs) bought Rs 280 crore while domestic investors sold Rs 8.5 crore in cash market. Infosys, NTPC, Tata Motors, Sun Pharma and Wipro are top gainers in the Sensex. Among the losers are GAIL, Vedanta, BHEL, Lupin and Axis Bank. The Indian rupee has opened marginally lower at 63.64 per dollar compared to  63.62 a dollar in previous session. Pramit Brahmbhatt, Veracity expects rupee to depreciate today as weakness in Asian markets will force local equities to trade low. Also the strength in USD and month-end USD demand from oil importers may keep rupee under pressure, he believes. According to him, the rupee may move in a range of Rs 63.30-64/USD. Meanwhile, the euro slipped against the dollar as Greece talks drag on with no resolution in sight. Asian markets are mixed on dwindling hopes of Greek deal. Japan released a raft of economic data. Japan's core consumer price index ticked up 0.1 percent from a year earlier in may, a tad above expectations. US stocks closed near session lows, failing to hold initial gains. Nymex crude slips below USD 60 dollars per barrel weighed by potential negative impact from Greece’s debt crisis on European energy demand. Gold continues to trade around USD 1175 an ounce.

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Indian rupee opens marginally lower at 63.64 per dollar

The Indian rupee has opened at 63.64 per dollar on Friday, down marginally compared to 63.62 a dollar in previous session.


The Indian rupee has opened marginally lower at 63.64 per dollar on Friday compared to 63.62 a dollar in previous session. Pramit Brahmbhatt, Veracity expects rupee to depreciate today as weakness in Asian markets will force local equities to trade low. Also the strength in USD and month-end USD demand from oil importers may keep rupee under pressure, he believes. According to him, the rupee may move in a range of Rs 63.30-64/USD. Meanwhile, the euro slipped against the dollar as Greece talks drag on with no resolution in sight.

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Nifty & Bank Nifty Fut Levels for today ::


Nifty Future::
Trend::UP
Pivot Level:8387
Support:8341/8286/8240
Resistance:8442/8488/8543


Bank Nifty Future::
Trend::UP
Pivot Level:18433
Support:18321/18157/18045
Resistance:18597/18709/18873
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Dena Bank spurts on tie-up with MUDRA Bank

The stock advanced 2 percent in early morning trade.

Dena Bank advanced 2 percent to touch a high of Rs. 46.35 on reports of tie-up with MUDRA (Micro Units Development and Refinance Agency) Bank. Dena Bank has inked a pact with Mudra Bank to finance new entrepreneurs and small businesses. To government plans to facilitate finance up to Rs. 100,000 crore to promote very small businesses in the current financial year. The stock is now up a percent at Rs. 45.90. The counter has seen trades of around 29,000 shares as against the two-week daily average volume of around 78,000 shares on the BSE. Meanwhile, the Sensex has jumped 51 points to 27,780.

stock Market Tips Provides

Wednesday, 24 June 2015

Nifty above 8350, Sensex flat; BHEL, Lupin, L&T top gainers

BHEL, Lupin, Bajaj Auto, L&T and Vedanta are top gainers in the Sensex. GAIL, HUL, SBI, M&M and ONGC are major laggards.

The Sensex is up 32.19 points or 0.1 percent at 27761.86, and the Nifty is up 1.60 points at 8362.45. About 760 shares have advanced, 681 shares declined, and 94 shares are unchanged. BHEL, Lupin, Bajaj Auto, L&T and Vedanta are top gainers in the Sensex. GAIL, HUL, SBI, M&M and ONGC are major laggards.

Emerging markets are expected to grow faster than developed economies, and India is likely to become the third largest economy by 2030 in the world after China and the United States, says a report. According to the Economist Intelligence Unit (EIU), emerging markets are expected to grow faster than developed economies, and as a result developing countries such as China and India are likely to overtake current global leaders such as the US, Japan and Western Europe.  India is expected to move up the rankings to third place, with real growth averaging close to 5 percent up to 2050," the EIU report said. By 2030 the top three economies of the world would be the US, China and India.


Dragged by Greek debt woes the market has opened lower on June F&O expiry day. The Sensex is down 90.20 points or 0.3 percent at 27639.47 and the Nifty is down 24.60 points or 0.3 percent at 8336.25. About 226 shares have advanced, 223 shares declined, and 75 shares are unchanged. Infosys, Tata Motors, Hindalco, Lupin and Bharti Airtel are top gainers in the Sensex. Among the losers are M&M, HUL, ITC, Cipla and HDFC. The Indian rupee remained unchanged in early trade compared to previous day's closing value. The currency has opened at 63.60 a dollar. Tirthankar Patnaik, Mizuho Bank expects the rupee to remain resilient in the near-term relative to peers but the rupee is yet to factor in worsening of the Greek crisis. He also expects gradual depreciation in the currency and the normalisation towards emerging market peers to continue. Despite recent depriciation, the rupee remains an outperformer across emerging market currencies, Patnaik said. The dollar fell marginally as investors' focus slowly shifted from Greece to prospects for higher US interest rates. The dollar index had hit a peak of 95.63 yesterday, its highest level since June 12. Greek woes resurfaced yesterday as the nation's creditors appear to be unhappy with its latest proposals to win more funding. The proposals include fewer spending cuts than creditors would like. The Greek Prime Minister Alexis Tsipras complained about the repeated rejection of his proposals. Euro zone leaders are accusing Greece of refusing to compromise ahead of a key repayment deadline that is set for next week. The two sides are still wide apart on sticky issues like pension reforms, higher taxes but some are still trying to stay optimistic. Asian markets opened lower tracking a negative lead from Wall Street after negotiations between Greece and its creditors hit a stalemate overnight. Nikkei retreated from the 18-year high it had hit earlier. Meanwhile Kospi snapped its six day winning streak. US stocks closed lower as investors weighed the renewed impasse in the Greece debt talks and digested domestic data. Nymex crude slips around a percent to USD 60 a barrel after a government report showed  an eighth straight weekly drop in US crude stockpiles which was offset by a large build up in oil products. Gold prices continue to hover around USD 1175 an ounce.

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Indian ADRs: ICICI Bank gain, Infosys & Tata Motors slip

In technology space, Infosys fell 0.7 percent to USD 31.52 and Wipro dipped 0.11 percent at USD 12.06.

Indian ADRs ended mixed on Wednesday. In the banking space, ICICI Bank was up by 0.08 percent at USD 10.47 and HDFC Bank shed 0.01 percent to USD 59.86 per ADR. In technology space, Infosys fell 0.7 percent to USD 31.52 and Wipro dipped 0.11 percent at USD 12.06.

Among others, Tata Motors was down by 0.24 percent to USD 34.99 while Dr Reddy's Laboratories fell by 0.6 percent to USD 53.84.





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Nifty & Bank Nifty Fut Levels for today ::



Nifty Future::
Trend::Up
Pivot Level:8363
Support:8308/8267/8212
Resistance:8404/8459/8500


Bank Nifty Future::
Trend::Up
Pivot Level:18375
Support:18260/18173/18058
Resistance:18462/18577/18664
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Nifty above 8,300 levels

Some buying activity is seen in capital goods, pharma, auto and metals sectors, while IT, consumer durables, fmcg, and teck sector is showing weakness on BSE. The Volatility index - India VIX - is now up 2 percent at 15.81.

 

Following strong rally in the past seven trading session, the market today started the day on a tentative note amid mixed global cues. The BSE Sensex opened with a marginal gain of 30-points at 27,760 and the NSE Nifty added 24 points at 8,377. The key benchmark indices touched a high at 27,840 and 8,383, but could not hold gains for a long and slipped into the negative zone, on account of profit-booking at higher levels. The BSE Sensex is now up 92 points at 27,822 and the NSE Nifty is up 32 points at 8,385. In the broader market, the CNX Midcap and Smallcap indices are flat at 13,051 and 5,379, respectively. The Volatility index - India VIX - is now up 2 percent at 15.81. Among sectors, the CNX Auto, FMCG, IT and Finance indices are down 0.3 percent each, while the PSU Bank index has gained almost a percent at 3,322 and the Metal index has added 0.2 percent at 2,293. In the Nifty space - Tata Power and Infosys have dropped 1.5 percent each at Rs. 73.35 and Rs. 1,009, respectively. Gail India, Idea Cellular, Axis Bank and ITC have shed over a percent each. On the other hand, Punjab National Bank has surged almost 3 percent at Rs. 142. Hindalco and Bharti Airtel have jumped 1.4-1.5 percent each at Rs. 123 and Rs. 431, respectively. HCL Technologies, Bank of Baroda, Larsen & Toubro, Cipla and Coal India are the other prominent gainers.

 Nifty Future Tips

Tuesday, 23 June 2015

All sectoral indices are trading in green, the BSE Healthcare and FMCG indices are top gainers. The BSE Midcap and Smallcap indices have gained 0.3-0.5 percent each at 10,681 and 11,196, respectively.


The market has strengthened gains in the morning deals, on the back of fresh buying in pharma, FMCG, metal and power shares. The BSE Sensex touched a high at 27,920, and is now up 100 points at 27,904. The NSE Nifty jumped above 8,400-mark, and is now trading at the highest level of the day - with a gain of 31 points at 8,412. In the broader market, the BSE Midcap and Smallcap indices have gained 0.3-0.5 percent each at 10,681 and 11,196, respectively. All sectoral indices are trading in green, the BSE Healthcare index has spurted a percent at 16,433. The FMCG index has advanced almost a percent at 7,715. The IT, Metal, Power and Consumer Durables indices are the other gainers. The breadth is positive in morning deals - out of 1,947 stocks traded on the BSE so far 1,178 stocks are advancing, while 693 stocks are declining. In the Healthcare space - JB Chemicals has zoomed 11 percent to Rs. 252. Alembic Pharma has soared 5.5 percent at Rs. 687. Opto Circuits has surged almost 5 percent at Rs. 20.45. Alembic has jumped 4 percent at Rs. 41.50. Vimta Labs, IPCA Laboratories, Dishman Pharma, Hikal and Aurobindo Pharma are the other significant gainers. On the flip side, AstraZeneca Pharma has slipped 2.4 percent at Rs. 1,210 and Glenmark Pharma has dropped 1.5 percent at Rs. 984.

Stock Market Research And Advisory

Alliance Research News --Indian rupee opens lower at 63.65/$, down 6 paise

The Indian rupee fell marginally in early trade Wednesday. The currency has opened at 63.65 per dollar, down 6 paise compared to 63.59 a dollar in previous session.


The Indian rupee fell marginally in early trade Wednesday. The currency has opened at 63.65 per dollar, down 6 paise compared to 63.59 a dollar in previous session. NS Venkatesh,  IDBI Bank expects the rupee to move with a weakening bias due to month-end importer demand in a range of 63.55-63.70/USD. He said the underlying sentiment in the market is positive due to above average monsoon. Expectation of the FII limit being linked to the INR limit will free some limit for investment by FIIs, he added. "There is also an emerging expectation that RBI may cut rates in the future due to inflation trajectory falling at a pace faster than the central bank's expectations. However, gains are expected to remain capped due to the US treasury yields movement where minor hardening of the yields was noticed," Venkatesh said. The rupee ended weak Tuesday on the back of a stronger dollar movement. However weakness in the Rupee remained capped due to Dollar sales from exporters and also a strong move see in Indian equities.

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Monday, 22 June 2015

Indian rupee opens lower at 63.61/$, down 10 paise

The Indian rupee has opened lower at 63.61 per dollar, down 10 paise compared to 63.51 a dollar in previous session.



The Indian rupee has opened lower at 63.61 per dollar, down 10 paise compared to 63.51 a dollar in previous session. Ashutosh Raina,  HDFC Bank said the dovish comments in the FOMC statement have helped improve market sentiment with the likelihood of a Fed rate hike getting pushed to the later part of this year. Some positive developments in the Greek talks has further helped the risk on sentiment, he added. According to him, the spill over of the risk on sentiment has helped Indian equity and currency markets with the USD/Rupee pair slipping back into the Rs 63- 64/USD range. He expects the pair to trade in the Rs 63.30-63.80/USD range. The euro edged lower against the US dollar, but remained higher against the yen and Swiss franc as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape that will help Athens avoid a default on its debts.

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Alliance Research -- Indian rupee opens flat at 63.55 per dollar

The Indian rupee has opened flat at 63.55 per dollar on Monday and immediately inched up by 5 paise.


The Indian rupee has opened flat at 63.55 per dollar on Monday and immediately inched up by 5 paise. However, Himanshu Arora, Religare expects USD-INR to trade lower today amid across the board weakness in the dollar against major currencies after US Fed signaled gradual rate hike in its latest meeting held last week. The Indian rupee gained 18 paise to close at 63.55 a dollar on Friday compared to 63.73 a dollar in previous session. Euro harried over the past months on concerns Greece might default on its debt, nudged up slightly as Greek prime minister's new offer provided a glimmer of hope. The dollar index is trading around the 94 mark.



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Alliance Research Update - Sensex, Nifty likely to open higher on firm global cues

Asian stocks have opened on a positive note on the back of a strong overnight handover and on hopes that a Greek deal is in the offing. Nikkei is trading at a near 3-week highs. While Kospi is on course for a five-day winning streak as blue chips continued to power ahead.

The Indian market is expected to open with gains for another as positive global cues seem to be supporting the bulls. On Monday, the bull stampede continued for the seventh session in a row. The Nifty crossed 8,350 and the Sensex jumps over 400 points to its highest close since June 1. Asian stocks have opened on a positive note on the back of a strong overnight handover and on hopes that a Greek deal is in the offing. Nikkei is trading at a near 3-week highs. While Kospi is on course for a five-day winning streak as blue chips continued to power ahead. China is due to put out the markit China flash Purchasing Managers Index (PMI) for June. Expectations are that the reading will come in at 49.4 picking up pace a tad bit from May's final HSBC PMI reading of 49.2.

US  stocks closed higher, following a global rally in equities, as investors cheered signs of progress in the Greece debt negotiations. The Nasdaq composite set a new closing and intraday record, topping the highs set on Thursday. European equities surged on hopes of resolution in the Greece debt talks. The German Dax closed up more than 3.5 percent, while the French CAC also gained 3.8 percent. The Athex composite leaped 9 percent. The euro group of euro zone finance ministers concluded a meeting in Brussels yesterday and will meet again later in the week on the Greek debt crisis. Euro group President said Greece's new proposals are a "welcome step" but not enough to solidify a deal.

Asset classes The euro edged lower against the US dollar, but remained higher against the yen and Swiss franc as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape that will help Athens avoid a default on its debts. Brent crude trades around 63 USD per barrel on concerns that US demand for gasoline may fade. Gold prices decline towards the USD 1180 mark led by strength in global equities which curbed safe-haven demand for the metal.   Domestic news Meanwhile back home, the government's picks up the pace as it races against time to meet the April 2016 deadline for goods & services tax. Sources say various reports on issues like a revenue-neutral rate should come in by the end of August. The select Rajya Sabha panel report is expected by mid-July. Hero Group has diversified in electronics sector with 'Hero Electronix'. The management says Hero Electronix will acquire a majority shareholding in Mybox Tech. Hero Electronix to add associated business lines to its portfolio over next few years L&T is set to list its infotech arm, to raise Rs 1600-1800 crore. It may dilute 10-12 percent from IT arm. Blue Dart has hiked 21 percent stake in Blue Dart Aviation to 70 percent. MBL Infra has sought shareholder nod for bonus issue of shares in ratio of 1:1.

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Nifty & Bank Nifty Fut Levels for today :: Alliance Research

Nifty Future::
Trend::Up
Pivot Level:8326
Support:8277/8202/8153
Resistance:8401/8450/8525


Bank Nifty Future::
Trend::Up
Pivot Level:18215
Support:18031/17742/17558
Resistance:18504/18688/18977
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Indiabulls Real Estate spurts after promoters infuse funds:

The stock so far has zoomed 14 percent on the BSE.

Indiabulls Real Estate started the day with a surge of 10 percent at Rs. 46.25 after the board approved the equity investments by the promoter, Sameer Gehlaut up to Rs. 538 crore in the company. According to a release issued to the BSE, the company's board approved issue of 3.67 crore equity shares at Rs. 47 per share and 4.36  crore warrants to the promoter group. The stock so far has zoomed to a high at Rs. 47.95 and is now up 11.7 percent at Rs. 46.95. The BSE counter has registered trades of around 1.5 million shares, as against two-week daily average volume of 893,000 shares. Meanwhile, the Sensex has surged 219 points to 27,536.

Stock Market Tips

Sensex rises over 100 pts, Nifty above 8250; Lupin, Hero up

Lupin, Hero, Tata Steel, TCS and Axis Bank are top gainers in the Sensex. Among the losers are Wipro, HDFC Bank and Hindalco.


Shares of Lupin climbed nearly 2 percent in early trade Monday after it entered into 30-share BSE Sensex today. The Bombay Stock Exchange removed Tata Power from its benchmark. The exchange announced this change on May 22, 2015. Since then the drug maker gained 4.6 percent and the private power generation company slipped 5 percent in one month period. Additionally, Adani Power is dropped from the BSE 100 Index today while Aurobindo Pharma and Tata Motors DVR are added in the same index with effect from today. 9:30 am Monsoon update: Stating that the June rainfall is likely to end with a 16 percent surplus over the long-period average, the Indian Meteorological Department, however, is not yet reworking its original forecast that the full-year rainfall for the country is expected to be 88 percent below normal. In an interview Met Additional Director General Bishwajit Mukhopadhyay said that since the quantum of June's rainfall is less, the 16 percent figure is likely to look inflated. He added that the department will release its second forecast - a mid-monsoon update -- in mid July during which it will take a call on whether it should revise its full-year rainfall projection upward.


The market has opened bright and shiny on Monday morning. The Sensex is up 141.23 points or 0.5 percent at 27457.40, and the Nifty is up 40.35 points or 0.5 percent at 8265.30. About 511 shares have advanced, 136 shares declined, and 80 shares are unchanged. Lupin, Hero, Tata Steel, TCS and Axis Bank are top gainers in the Sensex. Among the losers are Wipro, HDFC Bank and Hindalco. The Indian rupee has opened flat at 63.55 per dollar and immediately inched up by 5 paise. However, Himanshu Arora, Religare expects USD-INR to trade lower today amid across the board weakness in the dollar against major currencies after US Fed signaled gradual rate hike in its latest meeting held last week. Asian markets were higher in the morning on hopes of a Greek debt deal going through as the Greek Prime Minister Alexis Tsipras has offered a new package of reforms to creditors. Greek Prime Minister Alexis Tsipras made a new offer on a reforms package to foreign creditors on Sunday, signaling eleventh-hour concessions to break a deadlock that has pushed Greece to the brink of bankruptcy. Nikkei was higher helped by a weaker yen. Meanwhile the Kospi hit a six-day high on back of a rally among the blue chips like Samsung electronics and Hyundai motor. The Chinese markets are shut for the dragon boat festival. Meanwhile in the US, stocks closed lower on Friday following the Nasdaq's record as investors eyed developments in the Greece debt negotiations amid quarterly Options expirations. The major indices ended near their lows of the day. The Dow Jones Industrial Average extended losses to close about 100 points lower. Friday marked quadruple witching in which volatility often increases in the last hour of trade due to the expiration of options and futures contracts. Crude prices fell more than 1 percent on Friday as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market. Brent crude currently trades below USD 63 per barrel. From the precious metal gold prices are little changed at around USD 1200 an ounce led by the US Federal Reserve's caution on an interest rate rise and worries over Greece.

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