Friday, 14 February 2014

Indian Rupee Update



Indian rupee climbed 17 paise in early trade on Friday. It opened at 62.25 per dollar as against previous day’s closing of 62.42 a dollar.

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Indian ADRs Report


Indian ADRs ended mostly lower on Thursday.
In the IT space, Infosys was down 0.1 percent at USD 58.38
Wipro was up 0.78 percent at USD 12.89.
In the banking space, ICICI Bank declined 1.13 percent at USD 33.31.
HDFC Bank shed 1.5 percent at USD 32.73.
In the other sectors, Tata Motors was down 0.91 percent at USD 31.04
Dr Reddys Laboratories shed 1.64 percent at USD 42.02.

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Pre Market Stock Calls By MarketMagnify


BUY WHEELS(LCP- 749.55) ABOVE 753 TG-759-767
BUY FINOLEX INDUS (LCP 173.25) ABOVE 174.5 TG-524-532
BUY TATA ELEXI (LCP 313.95) ABOVE 315 TG-319-324
BUY MUTHOT FINANCE (LCP-160.65) ABOVE 161.5 TG-164-167

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MM World Market Reports


MM WORLD MARKET UPDATE
HANG SENG +124.4
NIKKEI +40.5
SHANGHAI +4
DOWJONES +63.65
NASDAQ +39.38
SGX NIFTY +31

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Today Bank Nifty Market Trends by MarketMagnify


MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 9980
SUPP 2: 9750
RES 1: 10370
RES 2: 10650

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Today Nifty Market Trends by MarketMagnify


MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5950
SUPP 2: 5875
RES 1: 6085
RES 2: 6145

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Thursday, 13 February 2014

Today Market Status



Advances          863
Declines           1552
Unchanged        200

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NSE Top Losers

NSE Top Gainers

Global Stock Market Commentary by MarketMagnify

Asian equity markets declined on Thursday, snapping a four-day winning streak.
from Wall Street and as investors focused on regional earnings reports.
China’s Shanghai Composite was down 2.14 points at 2107.82.
Hong Kong’s Hang Seng shed 55.28 points at 22230.51.
Japan’s Nikkei fell 145.14 points at 14654.92.
Singapore’s Straits Times was up 6.78 points at 3042.23.
South Korea’s Seoul Composite was down 3.13 points at 1932.71.
Taiwan’s Taiwan Weighted declined 30.09 points at 8480.78.

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Indian Rupee Update

 
The Indian rupee opened marginally higher by 10 paise at 62 per dollar versus 62.10 Wednesday.

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Indian ADRs Report

 
Indian ADRs ended mixed on Wednesday.
In the banking space, HDFC Bank shed 0.57 percent at USD 33.23
ICICI Bank gained 1.6 percent at USD 33.69.
In the IT space, Infosys was down 0.2 percent at USD 58.44
Wipro was down 0.47 percent at USD 12.79.
In the other sectors, Tata Motors added 0.46 percent at USD 30.76
Dr Reddy’s Laboratories fell 0.51 percent at USD 42.72.

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Pre Market Stock Calls By MarketMagnify


BUY MIND TREE (LCP 1647.3) ABOVE 1650 TG-1660-1680
BUY JUST DAIL (LCP-1374) ABOVE 1375 TG-1390-1410
BUY TATA STEEL (LCP 373.3) ABOVE 374 TG-378-386
BUY HEXAWARE (LCP-144.25) ABOVE 145 TG-148-154

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MM World Market Reports


MM WORLD MARKET UPDATE
HANG SENG -76.66
NIKKEI -120.04
SHANGHAI -3.41
DOWJONES -30.83
NASDAQ 10.24
SGX NIFTY 8.50

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Today Bank Nifty Market Trends by MarketMagnify


BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10150
SUPP 2: 9850
RES 1: 10550
RES 2: 10750

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Today Nifty Market Trends by MarketMagnify


NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6080
SUPP 2: 5970
RES 1: 6210
RES 2: 6290

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Wednesday, 12 February 2014

Today Market Status


Advances          1150
Declines           1276
Unchanged        189

NSE Top Losers

Tata Steel
Cairn India
Maruti Suzuki
Dr Reddys Labs

NSE Top Gainers

ICICI Bank
ONGC
GAIL
Larsen

Stock Market Commentary by MarketMagnify


The market has opened slightly higher,The Sensex is up 103.09 points at 20466.46.
The Nifty is up 22.65 points at 6085.35. About 236 shares have advanced, 52 shares declined, and 10 shares are unchanged.
Dr Reddy’s Labs, HDFC Bank, Sun Pharma, Axis Bank and ICICI Bank are top gainers in the Sensex.
The losers are Tata Steel, Coal India, GAIL and NTPC.
The rupee opened higher by 15 paise at 62.07 per dollar as against Tuesday’s closing value of 62.22 to dollar.
The dollar held off a two-week low against a basket of major currencies early on Wednesday.

Indian Rupee Update

Indian rupee extended its gain on Wednesday. It opened higher by 15 paise at 62.07 per dollar as against Tuesday’s closing value of 62.22 to dollar.
This coupled with a choppy equities market and cautious trading ahead of key inflation and IIP data due later during the day will push rupee to trade in the negative zone. Range for the day is seen between 62.02 to 62.83/USD

Indian ADRs Report

Indian ADRs ended mostly higher on Tuesday.
In the IT space, Infosys rose 1.81 percent at USD 58.56
Wipro was ended flat at USD 12.85.
In the banking space, ICICI Bank gained 2.66 percent at USD 33.16
HDFC Bank jumped 2.48 percent at USD 33.42.
In the other sectors, Tata Motors was ended flat at 30.62
Dr Reddys Laboratories shed 0.49 percent at USD 42.94.

Pre Market Stock Calls By MarketMagnify

BUY MIND TREE (LCP 1630.30) ABOVE 1632 TG-1640-1660
BUY PIRAMAL GLASS (LCP-109.90) ABOVE 111 TG-115-122
BUY ASTRAZEN (LCP 854.1) ABOVE 855 TG-865-880
BUY SKS MICRO (LCP-191.20) ABOVE 193 TG-198-207

MM World Market Reports

MM WORLD MARKET UPDATE
HANG SENG 154.35
NIKKEI 146.08
SHANGHAI 3.68
DOWJONES 192.98
NASDAQ 42.88
SGX NIFTY 38.50

Today Bank Nifty Market Trends by MarketMagnify

MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10050
SUPP 2: 9750
RES 1: 10340
RES 2: 10550

Today Nifty Market Trends by MarketMagnify

MM GOOD MORNING
 NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6080
SUPP 2: 5970
RES 1: 6210
RES 2: 6290

Tuesday, 11 February 2014

Today Market Status

Advances          1560
Declines           1702
Unchanged        281

NSE Top Losers

NTPC
Hindalco
Reliance
PNB

NSE Top Gainers

HCL Tech
Ranbaxy Labs
Tata Motors
Tata Steel

Global Stock Market Commentary by MarketMagnify


The one thing that hasn’t really been talked about in the last six weeks or so is how benign the bond market has been,” he said. “All this talk about how rates were going to spike higher, and [how] emerging market concerns were due to higher rates in the long end, is clearly garbage. There’s no pressure in the long end of the curve at all
To a great extent, the US bond market will be data driven, especially by growth and unemployment numbers. The Fed won’t be watching yields, they’ll be totally focused on employment and inflation data

Indian Rupee Update

Indian rupee moved up marginally in early trade on Tuesday. It opened higher by 6 paise at 62.37 per dollar as against previous day’s closing value of 62.43 per dollar.
The dollar wallowed near a two-week low against a basket of major currencies early on Tuesday, following a subdued US session trade as markets hunkered down ahead of congressional testimony by new Federal Reserve Chief Janet Yellen. Outperforming both the dollar and yen, the euro drifted up to near two-week highs of USD 1.3652 and 139.80 yen.

Indian ADRs Report

Indian ADRs ended mostly higher on Monday.
In the banking space, ICICI Bank jumped 0.62 percent at USD 32.30
HDFC Bank added 0.96 percent at USD 32.61.
In the IT space, Infosys was down 0.26 percent at USD 57.52
Wipro gained was unchanged at 12.85.
In the other sectors, Tata Motors advanced 5.62 percent at USD 30.62
Dr Reddys Laboratories was up 0.4 percent at USD 43.15.

Pre Market Stock Calls By MarketMagnify

BUY TATA MOTOR (LCP 363.1) ABOVE 365 TG-370-378
BUY SKS MICRO (LCP-193.20) ABOVE 195 TG-200-210
BUY IDEA (LCP 126.30) ABOVE 126.50 TG-128.50-133
BUY BHARAT FORG (LCP-348) ABOVE 350 TG-355-362

MM World Market Reports

MM WORLD MARKET UPDATE
HANG SENG 189.77
NIKKEI 255.93
SHANGHAI 2.48
DOWJONES 7.71
NASDAQ 22.31
SGX NIFTY 8.0

Today Bank Nifty Market Trends by MarketMagnify


MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10050
SUPP 2: 9750
RES 1: 10340
RES 2: 10550

Today Nifty Market Trends by MarketMagnify


NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6080
SUPP 2: 5970
RES 1: 6210
RES 2: 6290

Monday, 10 February 2014

Indian ADRs Report


Indian ADRs ended higher on Friday.
In the banking space, ICICI Bank jumped 0.31 percent at USD 32.10
HDFC Bank rose 0.34 percent at USD 32.30.
In the IT space, Wipro added 1.34 percent at USD 12.85
Infosys gained 0.26 percent at USD 57.67.
Wall Street rallies to snap three-week skid In the other sectors,
Dr Reddy’s Laboratories was up 1.68 percent at USD 42.98
Tata Motors gained 0.59 percent at USD 28.99.
 

Pre Market Stock Calls By MarketMagnify

BUY SBI (LCP 1525.1) ABOVE 1527 TG-1540-1560
BUY WHEELS IND (LCP-1063) ABOVE 1065 TG-1075-1095
BUY L & T FINANCE HOLDING(LCP 74.5) ABOVE 75 TG-80-90
BUY WOCKHARD (LCP-399.9) ABOVE 405 TG-412-430

Global Stock Market Commentary by MarketMagnify

I understand that as of Friday the global equity markets have actually increased by 50 percent in terms of total assets from the money that came out as of February 4. Certainly we see that this morning – a greater global interest in equities and I do believe that there is a general idea that our new Fed chair person, Yellen will likely pull very slowly on further cuts. I think the USD 10 billion that people are expecting will happen. What everyone should be looking at right now is actually Chinese economy. So, in future conversations we may be focusing more on other country’s.
Interestingly though we saw lower than expected numbers but we still saw a small decline in unemployment and we have to look at the kind of jobs that have been created in the last six months. Most of those jobs remain relatively local and people working at retail, unskilled services and so forth. There are still lots of high earners that are getting hired very slowly.
The other thing that is interesting is in terms of unemployment benefits being cutoff and the fact that workers on several levels must state that they are seeking work in order to remain eligible for unemployment benefits. So it kind of exacerbates the unemployment figures because more people are going to say that they are looking for work just because they want to keep their benefits flowing and I am trying not to be cynical about it but that is actually how it works.