Friday, 31 January 2014
Indian Rupee Update
Indian rupee gained 17 paise to 62.39 against the dollar in early trade on Friday. Yesterday the rupee closed at 62.56 to the dollar.
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Indian ADRs Reports
Indian ADRs ended higher on Thursday.
In the IT space, Infosys added 1.56 percent at USD 59.26
Wipro jumped 1.4 percent at USD 13.06.
In the banking space, ICICI Bank rose 1.69 percent at USD 32.54
HDFC Bank gained 1.45 percent at USD 31.47.
In the other sectors, Tata Motors advanced 0.93 percent at USD 28.36
Dr Reddys Laboratories was down 0.29 percent at USD 41.72.
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Pre Market Stock Calls By MarketMagnify
BUY FINTECH (LCP- 260.4) ABOVE 262 TG-266-271
BUY PNB (LCP 517.6) ABOVE 519 TG-523-529
SELL AUROBINDO PHARMA (LCP 455.55) BELOW 454 TG-451-446
BUY RELIANCE CAPITAL (LCP-318.2) ABOVE 320 TG-324-329
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MM World Market Reports
MM WORLD MARKET UPDATE
HANG SENG -106
NIKKEI 21
SHANGHAI -16.8
DOWJONES 109.82
NASDAQ 71.7
SGX NIFTY 9
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0731-6619100
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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Thursday, 30 January 2014
The S&P BSE Sensex Cracks In Stock Market
The S&P BSE Sensex plunged as much as 232 points in trade on Thursday tracking selloff in other Asian markets, after US Federal Reserve announced plans to scale back its bond purchases by another $10 billion to $65 billion a month.
The US Central Bank also signalled that it is likely to keep reducing its purchases in the coming months, citing a pickup in economic activity and improvement in the labor market.
Despite heavy sell-off most analysts are of the view that Indian markets might go through bouts of volatility in the immediate short term but long-term investors can start accumulating quality names.
"This selloff will prove to be a buying opportunity in India. Considering the fact that we have a central bank of the world's biggest economy that is tapering because they are confident about macroeconomic growth which is bullish for EMs.
For stock market news and services visit our website at http://www.marketmagnify.com/stock-cash-tips.php and call us on 0731-6619100
The US Central Bank also signalled that it is likely to keep reducing its purchases in the coming months, citing a pickup in economic activity and improvement in the labor market.
"This selloff will prove to be a buying opportunity in India. Considering the fact that we have a central bank of the world's biggest economy that is tapering because they are confident about macroeconomic growth which is bullish for EMs.
For stock market news and services visit our website at http://www.marketmagnify.com/stock-cash-tips.php and call us on 0731-6619100
Indian Rupee Update
The Indian rupee slipped in the early trade. It has opened lower by 49 paise at 62.90 per dollar versus 62.41 Wednesday
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Asian Market Commentary
Asian stocks suffered heavy losses on Thursday
China’s Shanghai Composite shed 0.36 percent or 7.41 points at 2,042.50
Hong Kong’s Hang Seng declined 1.46 percent or 324.16 points at 21,817.45.
Japan’s Nikkei tumbled 3.18 percent or 488.68 points at 14,895.23
Singapore’s Straits Times fell 1.11 percent or 33.81 points at 3,014.12.
Seoul Composite and Taiwan Weighted shut today.
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Pre Market Stock Calls By MarketMagnify
SELL CENTURY TEXTILE(LCP- 288.8) BELOW 286 TG-282-278
SELL RELIANCE INFRA (LCP 364.4) BELOW 362 TG-358-353
SELL AUROBINDO PHARMA (LCP 438.8) BELOW 437 TG-434-430
SELL WHEELS (LCP-810.8) BELOW 806 TG-800-791
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MM World Market Reports
MM WORLD MARKET UPDATE
HANG SENG -501
NIKKEI -323
SHANGHAI -7
DOWJONES -189.77
NASDAQ -46.53
SGX NIFTY -88
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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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0731-6619100
Today Nifty Market Trends by MarketMagnify
MM GOOD MORNING
NIFTY TREND: BEARISH
NIFTY SPOT LEVELS
SUPP 1: 6065
SUPP 2: 5970
RES 1: 6165
RES 2: 6245
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Wednesday, 29 January 2014
Today's Equity Market News and Updates
India's ICICI Bank Ltd may beat consensus profit forecast for the October-December quarter when it reports results later in the day, Thomson Reuters StarMine's SmartEstimates shows.
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects ICICI Bank to report a profit of 24.99 billion rupees ($398.85 million) for the quarter, compared with a consensus mean estimate of 24.57 billion rupees.
For more info. visit our website at www.marketmagnify.com/stock-cash-tips.php and call us on 07316619100
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects ICICI Bank to report a profit of 24.99 billion rupees ($398.85 million) for the quarter, compared with a consensus mean estimate of 24.57 billion rupees.
For more info. visit our website at www.marketmagnify.com/stock-cash-tips.php and call us on 07316619100
Indian Rupee Update
The Indian rupee opened higher by 18 paise at 62.33 per dollar versus 62.51 Tuesday.
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Asian Market Commentary
Asian equity markets rebounded on Wednesday
China’s Shanghai Composite rose 0.41 percent or 8.44 points at 2,046.96
Hong Kong’s Hang Seng gained 0.84 percent or 185.10 points at 22,145.74.
Japan’s Nikkei jumped 1.74 percent or 260.14 points at 15,240.30
South Korea’s Seoul Composite added 0.63 percent or 12.05 points at 1,928.98.
Singapore’s Straits Times was down 0.20 percent or 6.23 points at 3,056.18.
Taiwan’s Taiwan Weighted is shut today.
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Pre Market Stock Calls By MarketMagnify
BUY PNB (LCP-547.6) ABOVE 549 TG-554-560
BUY GRANULES (LCP 227.2) ABOVE 229 TG-233-238
BUY MARUTI (LCP 1566) ABOVE 1570 TG-1580-1595
BUY FINTECH (LCP-284.4) ABOVE 287 TG-291-296
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MM World Market Reports
MM WORLD MARKET UPDATE
HANG SENG +180
NIKKEI +265
SHANGHAI +9
DOWJONES +90.68
NASDAQ +14.35
SGX NIFTY +16
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Today Bank Nifty Market Trends by MarketMagnify
MM BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 10340
SUPP 2: 10050
RES 1: 10870
RES 2: 11210
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0731-6619100
Today Nifty Market Trends by MarketMagnify
MM GOOD MORNING
NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6090
SUPP 2: 6030
RES 1: 6190
RES 2: 6245
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0731-6619100
Tuesday, 28 January 2014
Indian Rupee Report
The Indian rupee opened lower at 63.18 per dollar versus 63.10 Monday.
RBI intervention was mild and appeared top be more to contain volatility. Expect the rupee to trade in the range of 62.50-63.50/dollar today.
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Asian Market Commentary
Asian equity markets stabilised on Tuesday.
China’s Shanghai Composite rose 0.25 percent or 5.16 points at 2,038.46.
Hong Kong’s Hang Seng was down 0.10 percent or 22.82 points at 21,953.28.
Japan’s Nikkei gained 0.22 percent or 33.01 points at 15,038.74.
Singapore’s Straits Times was flat at 3,039.74
South Korea’s Seoul Composite was up 0.15 percent or 2.89 points at 1,913.23.
Taiwan Weighted is shut today.
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Pre Market Stock Calls By MarketMagnify
BUY ECLERX (LCP-1156.05) ABOVE 1160 TG-1169-1180
BUY TATA SPONGE (LCP 370.9) ABOVE 372 TG-376-382
BUY WHEELS (LCP 806.45) ABOVE 808 TG-814-822
BUY JSW STEEL (LCP-914.7) ABOVE 916 TG-921-928
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MM World Market Reports
MM WORLD MARKET UPDATE
HANG SENG -12
NIKKEI +6
SHANGHAI +7
DOWJONES -41.23
NASDAQ -44.56
SGX NIFTY -31
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0731-6619100
Today Bank Nifty Market Trends by MarketMagnify
MM BANK NIFTY TREND – BEARISH
BANK NIFTY FUTURE LEVELS
SUPP 1: 10380
SUPP 2: 10050
RES 1: 10870
RES 2: 11210
WWW.MARKETMAGNIFY.COM
0731-6619100
Today Nifty Market Trends by MarketMagnify
MM GOOD MORNING
NIFTY TREND: BEARISH
NIFTY SPOT LEVELS
SUPP 1: 6095
SUPP 2: 6030
RES 1: 6190
RES 2: 6245
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0731-6619100
Monday, 27 January 2014
Indian Rupee Report
Indian rupee slipped in the early trade on Monday following weakness in global equity markets and currencies. The rupee fell by 22 paise to 62.88 per dollar as against Friday’s closing value of 62.66.
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Indian ADRs Reports
Indian ADRs ended lower on Friday.
In the IT space, Wipro fell 4.02 percent at USD 12.88
Infosys shed 2.73 percent at USD 59.53.
In the banking space, ICICI Bank plunged 5.71 percent at USD 33.87
HDFC Bank was down 3.9 percent at USD 32.31.
In the other sectors, Tata Motors slipped 5.35 percent at USD 28.84
Dr Reddys Laboratories declined 2.97 percent at USD 41.78.
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Pre Market Stock Calls By MarketMagnify 27-01-2014
SELL JUST DIAL (LCP-1578.8) BELOW 1575 TG-1565-1542
SELL MARUTI (LCP 1774.4) BELOW 1770 TG-1760-1750
SELL WHEELS (LCP 794) BELOW 790 TG-782-773
SELL ESS DEE (LCP-655.2) BELOW 652 TG-645-637
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MM World Market Update
MM WORLD MARKET UPDATE
HANG SENG -502
NIKKEI -419
SHANGHAI -21
DOWJONES -318.24
NASDAQ -90.71
SGX NIFTY -98
WWW.MARKETMAGNIFY.COM
0731-6619100
Today Bank Nifty Support Level by MarketMagnify
MM BANK NIFTY TREND – BEARISH
BANK NIFTY FUTURE LEVELS
SUPP 1: 10680
SUPP 2: 10350
RES 1: 11210
RES 2: 11620
WWW.MARKETMAGNIFY.COM
0731-6619100
Today Nifty Support Level by MarketMagnify
MM GOOD MORNING
NIFTY TREND: BEARISH
NIFTY SPOT LEVELS
SUPP 1: 6180
SUPP 2: 6110
RES 1: 6260
RES 2: 6330
WWW.MARKETMAGNIFY.COM
0731-6619100
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