Markets may extend gains on positive cues from global markets

Taking a positive cue from global markets, the key domestic benchmark indices are likely to extend gains on Tuesday. The SGX Nifty, which was trading at 10,055, suggests that the Nifty could gain around 30 points at the opening bell.
 
Finally, the Nifty50 index managed to pierce its strong resistance of 9,980-10,000 on a closing basis. Now, going forward, buying momentum is likely to continue. On the upside, the levels of 10,060 and 10,080 may act as resistance zones, whereas on the downside, the levels of 9,970-9,980 may act as an immediate support zone.
 
Back home, Indian market ended the trading session on Monday with robust gains owing to positive global peers. The Nifty settled above the magical five figure mark of 10,000 and the BSE Sensex surged 195 points to finish at 31,882. IndusInd Bank and Bharat Financial Inclusion rose 5.6% and 3.5%, respectively.
 
The US stock market indexes closed sharply higher on Monday, with the benchmark S&P 500 ending the session at an all-time high. The strength on Wall Street was seen as the impact of Hurricane Irma was not as severe as many had projected.  The Dow Jones Industrial Average surged 260 points to close above the important psychological 22,000-mark. The Nasdaq Composite Index rose 72 points to finish at 6,432 and the S&P 500 rallied 27 points to close at 2,488.  
 
Asian markets' benchmarks were mostly higher in early trade on Tuesday following gains on Wall Street. The Japan’s Nikkei 225 has gained 0.99%, whereas Hong Kong's Hang Seng and China’s Shanghai Composite are trading flat.

Markets likely to open positive on strong global cues

Indian benchmark indices are likely to the start the week on a positive note on the back of strong global cues. The SGX Nifty, which was trading at 9,981, indicates that the Nifty could gain point at the opening bell.

Now, going ahead, Nifty has a cluster of resistance in the zone of 9,980-10,000. Successful breakout of this resistance zone may unfold a fresh leg of upmove towards the levels of 10,080 and 10,140. On the other hand, support is seen around 9,880 and 9,850 levels.
 
Back home, it was yet another day of consolidation as Indian market remained range-bound and settled the last trading session of the week with marginal gains. The broader market underperformed the benchmark indices and the market breadth, indicating the overall health of the market, was negative. Sector-wise, pharma, public sector banks and realty prevented the markets from gaining ground and dragged the markets.
 
The US stocks ended Friday’s session on a mixed note, with both the S&P 500 and the tech-heavy Nasdaq Composite ending the session in the red, whereas the Dow Jones Industrial Average eked out modest gains. The Dow Jones Industrial Average gained 13 points to close at 21,798. The Nasdaq Composite Index fell 38 points and the S&P 500 slipped 4 points to 2,461.
 
Asian stocks edged higher in early trading on Monday. Japan’s Nikkei 225 is leading with gains of 1.44%, followed by Hong Kong's Hang Seng and China’s Shanghai Composite which have gained 0.95% and 0.21%, respectively.

Markets likely to open in positive territory on cues from Asian peers

Indian shares may open modestly higher on Friday amid positive cues from Asian markets. The SGX Nifty, which was trading at 9,976, indicates that the Nifty could open in positive territory at the opening bell.
 
Nifty50 index has a strong hurdle in the range of 9,980-10,000, while on the downside, the immediate support is placed at the level of 9,880 and the next support is placed around the level of 9,850, which is a major support for the Nifty50.
 
Back home, equity benchmarks ended almost flat on Thursday after a range-bound session. The BSE Sensex closed near neutral line, while Nifty advanced 14 points to finish at 9,930. The broader market outperformed the benchmark indices as the Mid-cap and the Small-cap index rose 0.76% and 0.46% respectively.

The US stocks spent the day bouncing back and forth across the neutral line and eventually ended the Thursday’s session roughly flat. The tech-heavy Nasdaq Composite index ended at 6,398, up by 5 points, whereas the Dow Jones Industrial Average dipped 23 points to close at 21,785 and the S&P ended flat with a negative bias.
 
A majority of the Asian stock indices were trading in the positive territory in early trade on Friday. Hong Kong's Hang Seng has risen 0.46% and China’s Shanghai Composite has gained 0.23%, while Japan’s Nikkei 225 has lost 0.31%

Markets likely to open in positive zone

Indian shares may open in upbeat mood on Thursday following positive global cues. The SGX Nifty, which was trading at 9,966 up by 21 points is indicating a positive start for the day.
 
Nifty50 has immediate resistance placed at levels of 9,940 followed by 9,980-10,000 and if it sustains above these levels it may move higher up to levels of 10,080. On the flip-side, supports for Nifty are seen around 9,860 and 9,810.
 
Back home, Indian markets ended Wednesday’s session in negative terrain, but off their day’s low as buying in cement and mining stocks such as Ultra Tech, Hindalco and Coal Indian helped to offset some of the losses. The BSE Sensex ended the session down by 148 points at 31,662, while the Nifty50 index ended at 9,916 lower by 36 points from its previous close.

The US stocks ended higher on Wednesday following news President Donald Trump agreed to support a measure that would raise the debt ceiling and fund the government for three months. The Dow Jones Industrial Average rose 54 to finish at 21,808. The Nasdaq Composite Index advanced 18 points to close at 6,393. The S&P 500 climbed 8 points to 2,466.
 
The Asian stock indices were trading positive on Thursday following cheerful close on Wall Street. The Japan’s Nikkei 225 has surged 0.38% and the Hong Kong's Hang Seng has jumped 0.44%. The China’s Shanghai Composite was almost unchanged.

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Markets to follow weak global cues

Indian shares may open lower on Wednesday, mirroring weak cues from Asian markets after US stocks fell notably overnight. The SGX Nifty, which was trading at 9,936 lower by 39 points is indicating a negative start for the day.

Now going forward, Nifty50 index strong resistance in the zone of 9,990-10,000 and if it sustains above these levels it may extend its upward rally up to levels of 10,080. On the downside, important support for Nifty are seen around 9,900 and 9,860.
 
Back home, Indian markets registered modest gains in volatile session of trade on Tuesday. Realty and Cement stocks were seen buzzing on the bourses. The broader market outperformed the benchmark indices. At the closing bell, the Sensex settled at 31,810 with gains of 107 points and Nifty ended the day with gains of 39 points above 9,950.

The US stock indices ended Tuesday’s session sharply lower as investors focused on heightened tensions between the West and North Korea and worries about a lack of policy progress on President Donald Trump’s pro-growth agenda. All three benchmark indices logged their worst one-day drop since August 2017. The Dow Jones Industrial Average plunged 234 points to 21,753. The tech-heavy Nasdaq Composite Index tumbled 60 points to 6,376. The S&P 500 shed 19 points to 2,458.
 
The Asian stock indices were trading lower on Wednesday after a sharp fall on the Wall Street in the overnight trade. The Japan’s Nikkei 225 has drop 0.38% and the Hong Kong's Hang Seng has lost 0.88%. The China’s Shanghai Composite has slipped 0.36%.

Markets likely to open mildly higher

Indian equity markets may open slightly higher on Tuesday. Trading of Nifty50 index futures on the Singapore stock exchange suggesting that the Nifty could rise 20 points at the opening bell.
 
Nifty50 index has immediate resistance around level of 9,935-9,950 and if it holds above this zone it may scale up to levels of 10,000. On the downside, support zone for the Nifty is seen around levels of 9,850 and next support is seen around levels of 9,820.
 
Back home, Indian benchmark indices almost washed off three days winning streak despite positive opening. Nifty plummeted amid weak Asian bourses in the wake of escalated North Korea tensions. Barring Media and Metal which closed marginally up, all other sectors ended in red territory, where, Realty index led the fall. Market bias remained highly weak with 582 advances and 1124 declines.
The US stock-indexes were closed on Monday on the account of Labour Day.
 
Asian stock indices were trading mixed on Tuesday. The Japan’s Nikkei 225 has shed 0.56%. The Hong Kong's Hang Seng has rose 0.34%. The China’s Shanghai Composite has slipped 0.06%.

Opening Bell – Markets open higher; Pharma stocks gain

At 09:15, Nifty opened at 9,937 level, up by 20 points while Sensex opened at 31,769 level, up by 38 points. There were 931 advances, 430 declines and 460 unchanged stocks on NSE reflecting fairly positive undertone in the market.
 
Dr Reddy’s was top Nifty gainer trading at Rs 2,160 per share, up by 6.88% while TCS was top Nifty loser trading at Rs 2,463.3 per share, down by 1.32%.
 
On the broader markets, BSE Mid-cap index was trading at 15,604 level, up by 0.42% while BSE Small-cap index was trading at 16,061 level, up by 0.44%.
 
The rupee opened at 63.92 per USD as against the previous close of 63.9 per USD.

Opening Bell - Markets open lower

At 09:15 AM, Nifty opened at 9,886 level, down by 26 points while Sensex opened at 26 level, down by 31,724 points.
 
IOC was top Nifty gainer trading at Rs 9,870 per share, up by 0.61% whereas NTPC was top Nifty loser trading at Rs 167.6 per share, down by 3.29%. There were 477 advances, 924 declines and 504 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.
 
On the broader markets, BSE Mid-cap index was trading at 15,399 level, down by 0.05% while BSE Small-cap index was trading at 15,800 level, down by 0.11%.
 
Nifty50 index after registering up-move for fourth session in a row, now needs to cross major hurdle of 9,930-9,940 and if it does sustain above this resistance zone it may extended its up-move upto levels of 9,980-10,020. On the flip side, the region of 9,870-9,980 is an immediate support level and if this support is breached next support stands at 9,840.

Indian equity markets may open flat with positive bias on Thursday, tracking subdued cues from Asian peers. The SGX Nifty, which was trading with gains of 9 points at 9,864, is hinting a flat start for the day.
 
Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,950. On the downside, 9,800 is a strong support area, and if this support is breached, the next support stands at 9,750 level.
 
Back home, Wednesday turned out to be a wonderful day for the Indian markets as markets ended higher for the second straight session, helped by strong rally in the last hour of trading session.
 
The US stocks ended with marginal losses on Wednesday as traders reacted to comments by President Donald Trump at a rally in Phoenix, Arizona. The Dow Jones Industrial Average fell 88 points to finish at 21,812. The tech-heavy Nasdaq Composite Index shed 19 points to close at 6,278. The S&P 500 slid 8 points to end at 2,444. 
 
Asian markets are showing mixed trend in early trade on Thursday. Japan’s Nikkei 225 has shed 28 points. Hong Kong’s Hang Seng has gained 94 points and China’s Shanghai Composite has advanced 2 points.

Positive global cues may see markets opening in the green

Indian equity markets are likely to open higher on Wednesday, following the rally on Wall Street overnight and positive sentiment prevailing in the Asian markets. The SGX Nifty, which was trading higher by 30 points at 9,819, is signalling positive start for the day.
 
Now, going forward, Nifty50 has immediate support around the level of 9,730 and major support is placed around the level of 9,685 which is the recent swing low, and if this swing low is breached, then it may head towards the levels of 9,630-9,600. On the other hand, 9,830 and 9,870 will act as stiff resistance levels.
 
Back home, Indian market registered small gains on Tuesday after registering losses in the preceding two trading sessions. The BSE Sensex advanced 33 points to finish at 31,292 while the NSE Nifty climbed 11 points to close at 9,766.