Indian equity markets are expected to open with modest gains on Wednesday tracking positive leads from global peers. Trends on SGX Nifty suggest markets are likely to open with gains of 17 points at 9,892. Reserve Bank of India's Monetary Policy Committee (MPC) will conclude its two day meet today and announce the policy. The consensus on the street is that RBI will maintain status quo on lending rates, citing the risk of inflation. The zone of 9,900-9,930 is a key resistance area for the Nifty50 index. On the downside, the zone of 9,810-9,830 is an immediate support level and a breach of this support level may open gates for correction up to the levels of 9,760 and 9,700. Back home, Indian markets registered decent gains on the first trading session of the October month. The BSE Sensex surged 214 points to finish at 31,497 and the Nifty index gained 71 points to close at 9,860. The market breadth, indicating overall health of the market, was optimistic. The BSE Mid-Cap index gained 0.77% and the Small-Cap index gained 0.49%. The August core sector output was up by 4.9% as compared to just 2.6% in the month of July, data released by government showed. On Tuesday evening, the Central government announced reduction in excise duty on petrol and diesel by Rs 2 per litre. The US equities continue to set fresh records on Tuesday. The Dow Jones Industrial Average added 84 points to settle at 22,642. The Nasdaq Composite Index rose 15 points to close at 6,532. The S&P 500 inched up 6 points to finish at 2,535. Asian equity benchmarks are trending up in the early morning trade on Wednesday, tracking positive cues overnight from Wall Street. Japan’s Nikkei 225 has gained 47 points, Hong Kong's Hang Seng has surged 243 points and China’s Shanghai Composite has added 10 points.
Indian equity markets will open after a long weekend and there are chances that the indices may see a positive opening on Tuesday on the back of strong global cues. Trends on SGX Nifty suggest markets to open with gains of 38 points at 9,878. Nifty has strong resistance placed in the region of 9,830-9,860, and if it successfully holds above these levels, Nifty is likely to scale up to the level of 9,900 in the short term. On the flipside, important support is placed in the zone of 9,680-9,700 and a breach of this support zone may lead to further correction up to the level of 9,630. Back home, Indian markets, after opening in positive territory and extending gains in early trade, pared almost entire gains to end flat on Friday. The BSE Sensex closed almost unchanged at 31,284 and the Nifty rose 20 points to settle at 9,789. The broader markets outperformed the benchmark indices as the Mid-Cap and Small-Cap gained 0.83% and 1.09%, respectively. The US equities ended Monday’s trading session firmly in positive territory. The strength came following the release of a report from the Institute for Supply Management (ISM) which said that its Purchasing Manager’s Index had climbed to 60.8 in September from 58.8 in August. The Dow Jones Industrial Average closed up 150 points at 22,557, S&P 500 surged 10 point to 2,529, while Nasdaq Composite Index added 21 points to close at 6,516. Equity markets in Asia were trading higher in early Tuesday trading. Japan’s Nikkei 225 gained 160 points, Hong Kong's Hang Seng has jumped 475 points and China’s Shanghai Composite has climbed 10 points.
The Indian equity markets may open on a flat-to-positive note on Friday. Trends on SGX Nifty suggest that markets are likely to open with marginal gains of 15 points at 9,809. Nifty has resistance placed in the region of 9,800-9,830, and if it successfully manages to stay above this level, expect the rally to extend up to the level of 9,880 in the short term. On the other hand, a breach of the level of 9,685 would mean continuation of the trend on the downside, and in that case, the next levels to watch out for would be 9,630 and 9550 on the downside.
Back home, Indian markets snapped seven day’s losing streak and ended the session with modest gains on Thursday as traders covered their short positions on the eve of September series derivative expiry. The BSE Sensex surged 123 points to settle at 31,282 and the Nifty climbed 33 points to close at 9,769. The Mid-Cap and Small-Cap index gained 0.77% and 0.9%, respectively. The US equities eked out modest gains on Thursday with the S&P 500 index scaling to a new record closing high. The Dow Jones Industrial Average inched up 41 points to settle at 22,381. The Nasdaq Composite Index ended almost unchanged. The S&P 500 rose 3 points to close at 2,510. Asian markets were mixed in early Friday trade, with Japan’s Nikkei 225 being the only market trading in negative terrain with loss of 70 points. On the other hand, Hong Kong's Hang Seng has gained 60 points and China’s Shanghai Composite has added 14 points.
The Indian equity markets are expected to open on a flat-to-positive note on Wednesday on the back of positive leads from the Asian peers. The SGX Nifty was trading at 9,881, indicating that the Nifty may open with gains of 25 points at the opening bell. The level of 9,800 is a very crucial support for the Nifty, followed by 9,780. On the upside, 9,900 and 9,930 may act as stiff resistance levels for the Nifty. Back home, Indian markets started the day on a cautious note, and soon thereafter, markets continued to inch lower. However, in the second half of the trading session, markets bounced back sharply from lower levels to erase most of the losses. At the closing bell, Nifty lost one point to settle at 9,872 and BSE Sensex shed 27 points to close at 31,600. The GST collections for the month of August, 2017 have slackened compared to the month of July. A little over Rs 90,600 crore were collected in August. The US stock markets spent much of the day lingering near the neutral line before closing mixed on Tuesday. The Dow Jones Industrial Average slipped 12 points to 22,284. The tech-centric Nasdaq Composite index gained 10 points to finish at 6,380 and the S&P 500 closed near the neutral line. Majority of Asian indices are trading marginally higher in early trade on Wednesday. Hong Kong's Hang Seng has surged 114 points and China’s Shanghai Composite has inched up 2 points, while Japan’s Nikkei 225 has dipped 71 points
The Indian equity markets may extend losses in opening trade on Tuesday on global uncertainties. The SGX Nifty, which was trading at 9,873, indicated that the Nifty may open with minor loss of 11 points at the opening bell. Now, going forward, Nifty has strong support in the region of 9,780-9,800 level. On the upside, the level of 9,900-9,930 may act as a stiff resistance. Back home, Indian markets extended their southward journey for the fifth straight session and hit lowest closing levels in almost four weeks. The Nifty and Sensex breached their important psychological levels of 9,900 and 31,700, respectively, on a closing basis. Intense selling pressure was seen in the stocks of broader indices, i.e. Mid-Cap and Small-Cap, as these indices registered a fall of 1.14% and 2.02%, respectively. The US stock markets ended the first trading session of the fresh week in the red. The tech-laden Nasdaq showed a particularly steep decline. The Nasdaq Composite Index plunged by 56 points to 6,371. The Dow Jones Industrial Average slipped 54 points and the S&P 500 lost 6 points to close at 2,497. A majority of Asian markets were trading in the negative terrain in early trade on Tuesday. Japan’s Nikkei 225 has shed 47 points, Hong Kong's Hang Seng has lost 25 points while China’s Shanghai Composite has remained unchanged.
The Indian equity markets may open flat to slightly lower on Monday as cues from Asian markets are mixed. The SGX Nifty, which was trading at 9,980, indicating that the Nifty may open with marginal loss of 5 points at opening bell. Nifty50 has strong support placed in the region of 9,900-9,920, however, breaching this support level may open up for further correction up to levels of 9,850. On the flip side, the level of 10,000-10,040 may act as stiff resistance zone now. Back home, Indian markets witnessed a brutal fall on Friday with the BSE Sensex plummets nearly 450 points to close at 31,922 and the Nifty 50 index crashed by 158 points to finish at 9,964. The day began with North Korea threatened to test a nuclear weapon, followed up with S&P Global Ratings downgraded China’s credit rating and the rating agency lowered its sovereign rating on Hong Kong. Friday turned out to be a mixed day for the US stocks with Nasdaq and the S&P 500 index logging minor gains. The Dow Jones Industrial Average ended the session lower by 10 points to 22,350. The Nasdaq Composite Index gained 4 points at 6,427 and the S&P 500 inched up 2 points at 2,502. Asian indexes were mixed in early Monday trade. The Japan’s Nikkei 225 has climbed 90 points. The Hong Kong's Hang Seng has lost 235 points and the China’s Shanghai Composite has shed 3 points.
The Indian benchmarks are likely to open on a flat to soft start on Wednesday amid mixed global cues from Asian markets. The SGX Nifty, which was trading at 10,141, indicated that the Nifty may open with a loss of 27 points at the opening bell. Nifty50 index has been consolidating in a narrow range of 10,130 to 10,179 since last three trading sessions. Hence, a break of this range in either side will result in a trending move. On the upside, if Nifty manages to sustain above 10,180 it may scale up to levels of 10,200-10,240, whereas on the downside, a breach of 10,130 may open for correction up to the levels of 10,115-10,080. Back home, Indian markets fluctuated between small gains and losses over the course of Wednesday’s session and ended the day near the neutral line. The market breadth, indicating the overall health of the market, was negative. The BSE Sensex lost 2 points to settle at 32,401 and the Nifty index shed 6 points to close at 10,141. Wall Street saw considerably volatility in the last leg of trading session on Wednesday as market participants digested the Federal Reserve’s monetary policy announcement. The Fed kept interest rates unchanged, but outlined its plan to start reducing its massive balance sheet in October. The Dow Industrial and the S&P 500 market set new record closing highs. The Dow Jones Industrial Average gained 42 points to finish at 22,413. The S&P 500 rose 2 points to close at 2,508. The Nasdaq Composite Index lost 5 points to close at 6,456. Asian equity markets struggled for direction on Thursday morning as the US stock markets closed mixed. The Japan’s Nikkei 225 has surged 159 points. The Hong Kong's Hang Seng has shed 35 points and China’s Shanghai Composite has declined by 6 points.
The Indian markets are likely to open on a strong note following positive global leads. The SGX Nifty, which was trading at 10,150, suggests that the Nifty may open with a gap-up of 56 points.
The level of 10,135-10,140 is a major barrier for the Nifty50 index and if it successfully manages to trade above this zone, a fresh up-move may be seen up to the level of 10,200. On the other hand, the level of 10,040 may provide support in case if there is any correction. Back home, Indian market rebounded from the earlier losses to end the last trading session of the day on a flat note. ONGC and Bajaj Auto topped the list of gainers, while Dr Reddy’s Lab and IndusInd Bank led the losers. At the closing bell, the BSE Sensex rallied 31 points to end at 32,273 and Nifty index shed 1 point to finish at 10,085. The US stock benchmarks ended Friday’s session in positive territory with the Dow and the S&P 500 reaching new record closing highs. The Dow Jones Industrial Average rose 65 points to close at 22,268. The Nasdaq Composite Index advanced 19 points to finish at 6,448 and the S&P 500 inched up 5 points to end the day at 2,500. Asian stock markets have inched higher in morning trading on Monday. Japan’s Nikkei was closed for a holiday. Hong Kong's Hang Seng has jumped 0.89% and China’s Shanghai Composite has advanced 0.29%.
The Indian indices may open lower on Friday, tracking weak global cues on the back of mounting geopolitical risks. The SGX Nifty, which was trading at 10,065, suggests that the Nifty may open gap-down by 59 points. Nifty50 index is facing stiff resistance around the levels of 10,130-10,140, and if Nifty sustains above this level, a fresh upmove may be seen. On the downside, the level of 10,040 may act as an immediate support, with the next support seen around 10,000 level. Back home, Indian market ended a volatile trading session with modest gains. Sun Pharma, Axis Bank and Adani Ports topped the list of gainers, while Wipro and Vedanta led the losers. To end the day, BSE Sensex gained 55 points while Nifty climbed 7 points to close at 10,086. The US stock markets ended Thursday’s session on a mixed note with the Dow Jones Industrial Average closing at a record level, while the S&P 500 and the Nasdaq Composite ended in the negative terrain. The Dow Jones Industrial Average rose 45 points to settle at 22,203. The Nasdaq Composite Index lost 31 points to close at 6,429. The S&P 500 edged down 3 points to finish at 2,496. Markets in Asia are jittery in early trade on Friday after a report of North Korea firing a ballistic missile across Japan. Japan’s Nikkei 225 has gained 0.12%, while Hong Kong's Hang Seng has plunged 0.69% and China’s Shanghai Composite has shed 0.54%.
The Indian stock markets look set to open tad lower on Thursday on the back of sluggish trading across Asian peers. The SGX Nifty, which was trading at 10,095, indicated that the Nifty may open lower by 7 points. Going forward, Nifty has immediate resistance in the zone of 10,088-10,100, followed by 10,140-10,150. On the other hand, if Nifty continues to correct from current levels , the zone of 10,040-10,020 may act as a support level for the Nifty. Back home, after opening almost flat, Indian markets rallied to almost life-time high levels by mid-noon session, but in the last hour of trading, markets cracked swiftly. The broader markets underperformed, which is why market bias remained weak with 599 advances and 1079 declines. At the closing bell, Sensex gained 28 points to close at 32,186 and Nifty shed 14 points to settle at 10,079. On the Wall Street, all three major US stock indices spent the day bouncing back and forth across the neutral line and eventually ended the session with marginal gains, reaching new record closing highs. The Dow Jones Industrial Average gained 39 points to end at 22,158. The Nasdaq Composite Index advanced 6 points to finish at 6,460 and the S&P 500 inched up 2 points at 2,498. Asian stocks were seen trading subdued in early trade on Thursday. The Japan’s Nikkei 225 has climbed 17 points and China’s Shanghai Composite has risen 7 points, while Hong Kong's Hang Seng has shed 52 points.
Indian equity markets are expected to open with modest gains on Wednesday tracking positive leads from global peers. Trends on SGX Nifty suggest markets are likely to open with gains of 17 points at 9,892.
