Friday, 7 February 2014

Indian Rupee Update


 
Indian rupee opened at 62.27 per dollar on Friday, up 10 paise compared to previous day’s closing of 62.37 per dollar.
A positive equity will also help, but concerns regarding Fed tapering impact on emerging markets will still keep some pressure on rupee. The range for the day seen between 62.02-62.83/USD,
 
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Pre Market Stock Calls By MarketMagnify


BUY JUBILANT FOOD (LCP 1057.1) ABOVE 1060 TG-1070-1090
BUY WHEELS (LCP-1050) ABOVE 1055 TG-1065-1090
BUY AXIS BANK (LCP 1008.1) ABOVE 1110 TG-1120-1132
BUY PNB (LCP-850.65) ABOVE 852 TG-859-870

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Global Stock Market Commentary by MarketMagnify



Any upbeat surprise in Friday’s closely-watched US non-farm payrolls report could bring some relief to battered emerging markets, some analysts say. That’s not what you might expect given that emerging markets from Turkey to Brazil and India have been hurt as the US Federal Reserve starts to unwind its monetary stimulus in light of a brighter growth outlook.
So any upside surprise today would be positive for emerging markets since they would find some consolation in that there would be some justification in taper if the US is growing,” he added. Economists polled by me expect the US economy generated 185,000 new jobs in January compared with 74,000 in December. The unemployment rate is seen steady at 6.7 percent. Last year, they were the two emerging markets in Asia not to touch with a barge pole. Yet for India and Indonesia, a few months appears to have made a big difference. The two countries have come off relatively unscathed in the latest bout of volatility to hit emerging markets amid a scaling back of the US Federal Reserve’s monetary stimulus and worries about the global growth outlook following weak data from the U.S. and China.

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Thursday, 6 February 2014

Today Market Status


Advances          1583
Declines           1646
Unchanged        314

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NSE Top Gainers

Indian ADRs News

 
Indian ADRs slipped on Wednesday.
In the IT space, Infosys shed 0.96 percent at USD 56.53
Wipro slipped 1.18 percent at USD 12.54.
In the banking space, ICICI Bank declined 3.25 percent at USD 31.58
HDFC Bank was down 0.48 percent at USD 31.33.
In the other sectors, Tata Motors gained 0.76 percent at USD 28.01
Dr Reddy’s Laboratories was down 1.04 percent at USD 41.73.
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Pre Stock Calls By MarketMagnify

BUY AXIS BANK(LCP- 1123.85) ABOVE 1125 TG-1133-1142
BUY INFO EDGE (LCP 516.1) ABOVE 518 TG-524-532
BUY JUSTDIAL (LCP 1312.1) ABOVE 1315 TG-1323-1335
BUY WHEELS (LCP-962.1) ABOVE 965 TG-972-982

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Nifty Market News by MarketMagnify

MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5960
SUPP 2: 5875
RES 1: 6085
RES 2: 6145

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Wednesday, 5 February 2014

Today Market Status


Advances          1755
Declines           1436
Unchanged        248

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NSE Top Losers

NSE Top Gainers

Stock Market News by MarketMagnify

After the severe cut on Tuesday, the market opened on a flat note today but slipped quickly. The Sensex is down 80.50 points at 20131.43, and the Nifty is down 20.05 points at 5980.85. About 359 shares have advanced, 189 shares declined, and 28 shares are unchanged. ITC, Reliance, HDFC, Infosys and Hindalco are top losers in the Sensex. Among the gainers are M&M, Tata Steel, Dr Reddy’s Labs, Tata Power and L&T.
The yen got off to a weak start in Asia on Wednesday having retreated from multi-month highs as emerging markets stabilized and stocks rebounded, while the Australian dollar took a breather following a powerful rally.

For more news visit our website at http://www.marketmagnify.com/stock-cash-tips.php

Today Nifty Market Trends by MarketMagnify


MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5940
SUPP 2: 5875
RES 1: 6065
RES 2: 6145

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Tuesday, 4 February 2014

Today Market Status



Advances          1612
Declines           1583
Unchanged        242

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NSE Top Losers

NSE Top Gainers

Equity and Stock Market Latest News Updates

The markets seem to have come under the grip of bears, with analysts expecting another 10% correction from here.

The Sensex closed the day at 20,209.26; down 304.59 points, or 1.48%.


The Nifty ended the day at 6,001.80; down 87.70 points, or 1.44%.


Nifty could go well below the 100-day moving average of about 5,970. In fact, it could go a couple of notches below that.


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http://www.marketmagnify.com/stock-cash-tips.php and call us on 0731-6619100.

Indian Rupee Update


 
Indian rupee opened lower by 24 paise at 62.81 per dollar on Tuesday as against previous day’s closing value of 62.57 per dollar. He feels the rupee may trade during the day between 62.40-63.10/USD.
 
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Today Bank Nifty Market Trends by MarketMagnify


MM BANK NIFTY TREND – BEARISH
BANK NIFTY FUTURE LEVELS
SUPP 1: 9980
SUPP 2: 9750
RES 1: 10270
RES 2: 10550

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Monday, 3 February 2014

Indian Rupee Update



Indian rupee opened on a flat note at 62.69 per dollar on Monday as against Friday’s closing value of 62.66 a dollar. Rupee is expected to trade in the range of 62.40-62.90/USD for the day.

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Indian ADRs Reports

 
Indian ADRs closed lower on Friday.
Among technology stocks, Infosys fell 1.15 percent to USD 58.58 per ADR
Wipro was down 0.92 percent to USD 12.94.
In the banking space, ICICI Bank slipped 1.14 percent to USD 32.17
HDFC Bank declined 0.57 percent to USD 31.29.
Tata Motors dropped 1.8 percent to USD 27.85
Dr Reddy Labs closed flat at USD 41.72.

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Pre Market Stock Calls By MarketMagnify


BUY FINTECH(LCP- 273.4) ABOVE 275 TG-279-284
BUY ADANI (LCP 238.85) ABOVE 240 TG-243-247
SELL AUROBINDO PHARMA (LCP 471.55) BELOW 470 TG-466-460
BUY ECLERX (LCP-1219) ABOVE 1225 TG-1234-1246

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Today Bank Nifty Market Trends by MarketMagnify


MM BANK NIFTY TREND – BEARISH
BANK NIFTY FUTURE LEVELS
SUPP 1: 10140
SUPP 2: 9830
RES 1: 10520
RES 2: 10830

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Today Nifty Market Trends by MarketMagnify


MM GOOD MORNING
NIFTY TREND: BEARISH
NIFTY SPOT LEVELS
SUPP 1: 6030
SUPP 2: 5970
RES 1: 6165
RES 2: 6245

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0731-6619100