Friday, 11 October 2013
Latest News Updates on Stock and Commodity Market
Today Stock Market News Updates :
The Indian stock market opened on a firm note on the Indian bourses this
morning, with strong results and an encouraging earnings guidance from IT
bellwether Infosys and a rally in global markets amid optimism about an end to
the U.S. budget impass, triggering some hectic buying in early traders.
Infosys, India's second
largest IT services exporter reported a 1.6% rise in net profit for the second
quarter ending September 30, 2013. The company posted a net profit of Rs 2,407
crore as compared to Rs 2,369 crore in the corresponding period a year ago.
The revenues of Infosys for the
second quarter ending September 30, 2013 rose by 31.5%. The company reported
revenue of Rs 12,965 crore as compared to Rs 9,858 crore in the corresponding
period a year ago.
JP Morgan:
We do not believe that investors must read anything amiss
into growth implications for the coming two quarters due to the unchanged USD
revenue guidance (at the upper-end).
IDFC:
We expect the stock to trade up and settle in Rs
3200-3500 till next set of good news come in. We expect the stock to move
sideways after today’s initial upmove.
Kotak:
Results demonstrate that the company is on the mend. An
improved demand environment has also helped overall numbers. Performance is the
best way to assuage concerns on reorganisation and senior management exits.
Barclays:
Going forward, we
believe Infosys will run on the twin engines of revenue strength and improving
margins. Revenue trends are well supported by management commentary of a strong
pipeline and good contract wins.
Today Commodity News
Updates:
·
Gold futures fell to a one-week low
·
Silver futures for December delivery climbed
less than 0.1 percent
·
Copper rose in London, rebounding from a three-week
low
·
Aluminum, zinc, lead and nickel rose in
London.
·
Crude rose from a three-month low
Gold futures fell to a one-week low on speculation that the
U.S. will avert a default, eroding demand for the precious metal as a haven.
Silver futures for December delivery climbed less than 0.1 percent to $21.896
an ounce. The price has dropped 28 percent this year. West Texas Intermediate
rose from a three-month low on signs that lawmakers were getting closer to an
agreement to increase the U.S. debt ceiling. Copper rose in London, rebounding
from a three-week low, on speculation U.S. politicians will agree to increase
the government’s borrowing limit and avoid a debt default. Copper stockpiles
tracked by the LME, at the lowest level since March, slid for a 26th session to
512,450 tons, daily exchange data showed.
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INDIAN RUPEE REPORT
The Indian rupee opened higher by 29 paise at 61.10 per dollar versus 61.39 Thursday.
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ASIAN MARKET COMMENTARY
Asian stocks jumped to three-week highs on Friday,
China’s Shanghai Composite added 0.99 percent or 21.66 points at 2,212.59.
Hong Kong’s Hang Seng rose 1.50 percent or 345.35 points at 23,296.65.
Japan’s Nikkei gained 1.29 percent or 182.97 points at 14,377.68.
Singapore’s Straits Times was up 0.46 percent or 14.59 points at 3,184.50.
South Korea’s Seoul Composite advanced 1.04 percent or 20.78 points at 2,022.18.
Taiwan’s Taiwan Weighted jumped 0.34 percent or 28.35 points at 8,373.08.
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MM PRE MARKET CALLS 11-10 -2013
BUY TATA COFFEE (LCP 1075.05) ABOVE 1080 TG-1090-1105
BUY TCS (LCP-2080) ABOVE 2090 TG-2102-2118
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MM PRE MARKET CALLS 11-10 -2013
BUY JUST DIAL (LCP-908.25) ABOVE 911 TG-918-928
BUY SBI (LCP-1632.95)ABOVE 1938 TG-1650-1665
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MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG +323
NIKKEI +180
SHANGHAI +11
DOWJONES +329.09
NASDAQ +82.97
SGX NIFTY +69
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TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10210
SUPP 2: 9980
RES 1: 10550
RES 2: 10880
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0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5980
SUPP 2: 5910
RES 1: 6085
RES 2: 6150
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Thursday, 10 October 2013
INDIAN RUPEE REPORT
Indian rupee slipped 25 paise in opening trade on Thursday at 62.20 per dollar as against previous day’s close of 61.95 per dollar.
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ASIAN MARKET COMMENTARY
Asian equity markets were mostly higher on Thursday
Japan’s Nikkei rose 0.79 percent or 111.32 points at 14,149.16.
Singapore’s Straits Times added 0.38 percent or 11.87 points at 3,166.71.
South Korea’s Seoul Composite was up 0.12 percent or 2.46 points at 2,005.22.
Hong Kong’s Hang Seng was flat at 23,036.85.
China’s Shanghai Composite shed 0.22 percent or 4.76 points at 2,207.01.
Taiwan’s Taiwan Weighted shut today.
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MM PRE MARKET CALLS 10-10 -2013
BUY SUN PHARMA (LCP 645.35) ABOVE 647 TG-652-659
BUY LNT (LCP-845.15) ABOVE 847 TG-854-865
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MM PRE MARKET CALLS 10-10 -2013
BUY JUST DIAL (LCP-904.65) ABOVE 907 TG-914-925
BUY ULTRATECH (LCP-1970.15)ABOVE 1975 TG-1988-2005
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MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG +8
NIKKEI +121
SHANGHAI -6
DOWJONES +26.45
NASDAQ -17.05
SGX NIFTY -2
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TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10210
SUPP 2: 9980
RES 1: 10550
RES 2: 10880
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0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5965
SUPP 2: 5885
RES 1: 6065
RES 2: 6140
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Wednesday, 9 October 2013
INDIAN RUPEE REPORT
Indian rupee fell below the 62 level in early trade, losing 28 paise to 62.07 per dollar on Wednesday as against previous day’s closing of 61.79.
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ASIAN MARKET COMMENTARY
Asian stocks erased early losses on Wednesday
China’s Shanghai Composite shed 0.12 percent or 2.60 points at 2,195.60.
Hong Kong’s Hang Seng declined 0.66 percent or 153.93 points at 23,024.92.
Japan’s Nikkei was down 0.20 percent or 27.33 points at 13,867.28.
Singapore’s Straits Times was up 0.18 percent or 5.59 points at 3,152.09.
South Korea’s Seoul Composite rose 0.42 percent or 8.34 points at 2,002.76.
Taiwan’s Taiwan Weighted was down 0.14 percent or 11.54 points at 8,364.11.
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MM PRE MARKET CALLS 09-10 -2013
SELL AXIS BANK (LCP 1066.8) BELOW 1063 TG-1055-1045
SELL FINTECH (LCP-169.95) BELOW 169 TG-166.5-162.5
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MM PRE MARKET CALLS 09-10 -2013
BUY JUST DIAL (LCP-912.6) ABOVE 915 TG-923-935
SELL JSW STEEL (LCP-779.15) BELOW 777 TG-771-763
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MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG -159
NIKKEI +60
SHANGHAI +5
DOWJONES -159.71
NASDAQ -75.55
SGX NIFTY -40
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0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 9890
SUPP 2: 9550
RES 1: 10350
RES 2: 10550
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5855
SUPP 2: 5780
RES 1: 5973
RES 2: 6040
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Tuesday, 8 October 2013
INDIAN RUPEE REPORT
Rupee will be under some more pressure today owing to choppy equities. With US budget uncertainties continuing and no major domestic results due till end of the week, rupee will track international developments for further cues. The range for the day is seen between 61.30-62.20/USD
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ASIAN MARKET COMMENTARY
Asian shares extended recent declines Tuesday,
China’s Shanghai Composite shed 0.39 percent or 8.43 points at 2,166.23.
Japan’s Nikkei fell 0.32 percent or 44.70 points at 13,808.62.
Singapore’s Straits Times was flat at 3,135.27.
South Korea’s Seoul Composite slipped 0.48 percent or 9.60 points at 1,984.82.
Taiwan’s Taiwan Weighted was down 0.22 percent or 18.12 points at 8,315.54.
Hong Kong’s Hang Seng was up 0.23 percent or 52.98 points at 23,026.93.
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MM PRE MARKET CALLS 08-10 -2013
BUY TCS (LCP 2089.75) ABOVE 2093 TG-2104-2118
BUY FINTECH (LCP-167.75) ABOVE 169.5 TG-172-176
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MM PRE MARKET CALLS 08-10 -2013
BUY JUST DIAL (LCP-925.35) ABOVE 930 TG-940-955
BUY RELIANCE INFRA (LCP-395.45) ABOVE 397 TG-401-407
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MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG +62
NIKKEI -40
SHANGHAI -10
DOWJONES -136.34
NASDAQ -37.38
SGX NIFTY +50
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 9890
SUPP 2: 9550
RES 1: 10350
RES 2: 10550
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5855
SUPP 2: 5780
RES 1: 5973
RES 2: 6040
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0731-6619100
Monday, 7 October 2013
INDIAN RUPEE REPORT
Indian rupee fell marginally to 61.49 per dollar in early trade Monday as against Friday’s closing of 61.43 per dollar.
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ASIAN MARKET COMMENTARY
Asian markets erased opening gains on Monday .
Hong Kong’s Hang Seng slipped 0.95 percent or 219.36 points at 22,919.18.
Singapore’s Straits Times and South Korea’s Seoul Composite were flat at 3,137.43 &1,995.60, respectively.
Taiwan’s Taiwan Weighted too was flat at 8,358.23.
Chinese equity market is shut today
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MM PRE MARKET CALLS 07-10 -2013
BUY MARUTI (LCP 1428.5) ABOVE 1430 TG-1440-1455
BUY FINTECH (LCP-159.1) ABOVE 161 TG-164-168
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0731-6619100
MM PRE MARKET CALLS 07-10 -2013
BUY JUST DIAL (LCP-1029.45) ABOVE 1040 TG-1050-1065
SELL AXIS BANK (LCP-1092.55) BELOW 1090 TG-1080-1065
WWW.MARKETMAGNIFY.COM
0731-6619100
MM WORLD MARKET UPDATE
MM WORLD MARKET UPDATE
HANG SENG -168.9
NIKKEI -153.4
SHANGHAI +0
DOWJONES +76.1
NASDAQ +33.41
SGX NIFTY -28.5
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY BANK NIFTY TREND
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 9890
SUPP 2: 9550
RES 1: 10350
RES 2: 10550
WWW.MARKETMAGNIFY.COM
0731-6619100
TODAY NIFTY MARKET TREND
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 5855
SUPP 2: 5780
RES 1: 5965
RES 2: 6040
WWW.MARKETMAGNIFY.COM
0731-6619100
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