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.

Live Stock Market Updates: Nifty off day's low

Nifty is off its day’s low. ITC and Reliance has been lending support for the Nifty’s up-move from low point of the day. Nifty Pharma is top gaining index among the sectoral indices on NSE. The index is trading at 8,542 level, up by 52 points.
 
Dr Reddy’s is top gainer in the index trading at Rs 1,975.95 per share, up by 2.32%. Lupin and Divi’s Lab are also trading in positive territory higher by more than 1%.
 
At 12 PM, the S&P BSE Sensex is trading at 31,366 up 107 points, while Nifty is trading at 9,795 up 41 points. A total of 15 stocks registered a fresh 52-week high in trade today, while 48 stocks touched a new 52-week low on the NSE.

Apex Frozen Foods’ IPO to open for subscription today

Apex Frozen Foods, a profitable integrated producer & exporter of shelf stable quality aquaculture products with over two decades of experience, announced an Initial Public Offering (IPO) to finance its expansion program.
 
The IPO of up to 87,00,000 equity shares of face value of Rs 10 each for cash at a premium offered through a book-building route at a price-band of Rs 171 – Rs 175 per equity share aggregating Rs 148.77 crore – Rs 152.25 crore.
 
The issue will comprise of fresh issue of 7,250,000 equity shares and an offer for sale of 1,450,000 equity shares by the promoter & promoter group members. The book running lead manager is Karvy Investor Services Limited. The IPO would open for public subscription on 22nd August and close on 24th August with the subscription for anchor investors opening on 21st August 2017. The shares will be listed on NSE and BSE.
 
Apex Frozen Foods Limited proposes to utilise the net proceeds from the fresh Issue towards the setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh and for general corporate purposes.
 
The company’s total revenues grew from Rs 2,554.8 million in fiscal 2013 to Rs 7,096.8 million in fiscal 2017 with a return on net worth of 25.22% in fiscal 2017. The company has a sizeable farming operation spread across 1,337.69 acres of land.

F&O: Nifty may head downwards if breaches 9,685

Benchmark indices, Nifty and Sensex are likely to open with marginal gains on Tuesday on the back of positive start for Asian markets and the SGX Nifty, which was trading at 9,806 with gains of 33 points.
 
Major indices in the market ended near 2-week closing low on Monday. Nifty closed at 9,754 level, down by 83 points while Sensex closed at 31,258 level, down by 265 points. There were 521 advances, 1,161 declines and 287 unchanged stocks on NSE reflecting strong negative sentiments floating in the market. India VIX ended at 14.77 level, up by 1.38%.
 
Now going forward Nifty50 has major support around the level of 9,685 which is the recent swing low and if this swing low is breached then it may head towards levels of 9,630-9,600. On the other hand, 9,800 and 9,850 will not act as a stiff resistance.
 
On the options front, maximum open positions were added in the August series call options at strike level of 9,800. There was maximum call selling at this strike which signals cap to the Nifty’s up-move. On the put side, the same strike price witnessed maximum buying.
 
Nifty futures of August series ended at premium of 10 points. It had ended at premium of 17 points in previous trading session.

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Indian markets may open positive on encouraging cues from global peers

Indian equity markets are poised to open on a positive territory on Tuesday, following positive sentiments prevailing in the Asian markets. The SGX Nifty, which was trading at 9,806 with gains of 33 points, is signifying positive start for the day.
 
Now, going forward, Nifty50 has major support around the level of 9,685 which is the recent swing low, and if this swing low is breached, than it may head towards the levels of 9,630-9,600. On the other hand, 9,800 and 9,850 will act as stiff resistance levels.
 
Back home, Indian market extended their losing streak on Monday on account of weakness in global markets and sharp decline in index heavyweight Infosys, which weighed on the sentiment on the domestic bourses. Sensex dropped 266 points to close at 31,259 and Nifty tumbled 83 points to settle at 9,754.
 
The US stock market indices closed mostly higher on Monday, with the Dow Industrial Average and S&P 500 eking out slight gains. The Dow Jones Industrial Average gained 29 points to 21,704 and the S&P 500 edged up 3 points to 2,428, while the tech-laden Nasdaq Composite Index edged down 3 points to 6,213. 
 
Majority of Asian markets were trading on positive territory at the open on Tuesday. Hong Kong's Hang Seng has risen 260 points, Japan’s Nikkei 225 has advanced 2 points, while China’s Shanghai Composite has lost 11 points.