Nifty settles above 7,230 @ Live Market Closing Update

Sensex gains for fourth day, ends 80 points up, 
Nifty settles above 7,230; Bosch, HUL shares gain over 3%
The BSE Sensex and NSE Nifty extended gains for the fourth consecutive trading session on Monday on account of buying in index heavyweights such as Reliance Industries.
Benchmark indices BSE Sensex and NSE Nifty extended gains for the fourth consecutive trading session on Monday on account of buying in index heavyweights such as Reliance Industries after oil prices recovered from steep losses in the previous session amid a strong opening in European markets.
European shares were higher in early trading on Monday following gains in Asia, and helped by a recovery in the prices of crude oil and other commodities. Sensex was trading 69.30 points up at 23,778. Nifty was up 26 points at 7,236.

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Bank Nifty Technical Overview @ Live Market Update

Sensex, Nifty open flat; HUL, Maruti, Bharti early laggards Cipla, BHEL, Sun Pharma, Tata Motors and NTPC are top gainers while HUL, Maruti, Bharti, ITC and Hero are losers in the Sensex.

Bank Nifty Technical Overview:

Bank Nifty futures opened with flat note and witnessed consolidated movement for most part of the day but closed with positive note by end of the day. It closed near 200 days EMA in 15 min chart. If it sustain above 14350 and break 14420 then upside movement is expected.

Nifty Technical Overview:

Nifty futures opened with flat note and witnessed consolidated movement for most part of the day but closed with positive note by end of the day. It closed above the 200 days EMA in 15 min chart and sustained above it so it is expected to go upside in upcoming session.

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INDIAN MARKET OVERVIEW

It was a consolidation session for the market on Friday but the week was strong as equity benchmarks saw biggest weekly gains in 2016 on short covering and globally rally & oil recovery. Nifty future up 21 points at 7212.

The 30-share BSE Sensex up by 59 points at 23709. The market breadth was strong as about 1271 shares advanced against 1234 declining shares on the BSE.

Tata Steel is planning to undergo a massive consolidation and debt reduction drive to bring it down by 10-15 percent by CY16-end. The company is currently sitting on a debt of Rs 77500 crore.

In aviation, SpiceJet surged 4 percent after it recorded highest passenger load factor (92.1 percent for January) among all airlines in India.

Live Share Market Closing Update

Metal stocks drag Sensex to end 286 points down, Nifty settles at 7,455; RBI maintains status quo
Benchmark indices BSE Sensex and NSE Nifty tumbled over 1 per cent on Tuesday on account of selling in metal, oil and gas, healthcare and power stocks amid global market sell-off.
Benchmark indices BSE Sensex and NSE Nifty tumbled over 1 per cent on Tuesday on account of selling in metal, oil and gas, healthcare and power stocks amid global market sell-off. The sentiments were also affected after the Reserve Bank of India (RBI) kept its key policy rates unchanged, opting to wait for the government’s annual budget statement at the end of February for  further easing.
The 30-share index BSE Sensex closed 285.83 points down at 24539, while the 50-share index NSE Nifty settled 100.40 points down at 7,455.55.
In the 30-share index, Tata Steel, NTPC, BHEL, Cipla and Sun Pharma slid between 3.50 per cent and 8 per cent.


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Bank Nifty Technical Overview @ Live Nifty Market Update

Market Update

Nifty opens above 7550 ahead of RBI policy; Sun Pharma up 1% ONGC, GAIL, HDFC, Bajaj Auto and ITC are major losers while Adani Ports, Sun Pharma, Tata Motors, Dr Reddy's Labs and Maruti are gainers in early trade.

Bank Nifty Technical Overview:

Bank Nifty futures opened with flat note and closed with same after witnessing down side movement for the entire day and sustained below 15550 for the entire day and closed below support level of 15400. Tomorrow if it continues to sustain below it then further downside movement can be seen.

  

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Indian Rupee Update

The Indian rupee opened flat at 67.85 per dollar against previous close of 67.84. The dollar extended its rebound against the yen to a fifth straight day after Wall Street reversed nearly all its earlier losses allowing USD/JPY to hold onto 121 and close with a slim gain.

GLOBAL MARKET OVERVIEW

Asian shares started a new month on somewhat firmer footing on Monday, helped by accommodative monetary policies in Japan and Europe, but traders were cautious ahead of China factory and service sector activity surveys.

The BOJ said it would charge for a portion of bank reserves parked with the institution, an aggressive policy pioneered by the European Central Bank (ECB). Earlier in January, the ECB indicated it could cut rates further in March.

Wall Street surged over 2 percent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009.

Dow Jones industrial average ended 2.47 percent higher at 16466 while the S&P 500 gained 46.88 points or 2.48 percent higher to end at 1940.

Live Nifty Market Update@ Nifty Top Gainers & Losers Today

Nifty opens above 7450, Sensex gains;

Tata Motors, Sun Pharma up Tata Motors, Sun Pharma, Axis Bank, Maruti and Bajaj Auto are top gainers in the Sensex. Among losers are GAIL and TCS.

 Nifty Technical Overview:

Nifty futures opened with positive note and witnessed bearish movement for the entire day and closed on positive note around 200 days EMA. On Wednesday nifty future can trade downside if it sustain below the level of 7450 then below the level of 7410 it can test the 7380-7350.

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Bank Nifty Technical Overview:

Bank Nifty futures opened with positive note and witnessed bearish movement for the entire day and closed on positive note around 200 days EMA. On Wednesday nifty future can trade downside if it sustain below the level of 7450 then below the level of 7410 it can test the 7380-7350.

INDIAN MARKET OVERVIEW

After a good rally in equity benchmark, the market ended on flat note. Nifty future up 19 points at 7434.

The 30-share BSE Sensex up 50 points at 24485. The market breadth was very strong as about 1730 shares advanced against 924 declining shares on the BSE.

HDFC Bank's third quarter net profit increased 20 percent to Rs 3,357 crore from Rs 2,794.5 crore and net interest income climbed 24 percent to Rs 7,068.51 crore from Rs 5,700 crore in year-ago period.

Around 35 percent saw external shocks as the greatest challenge facing India’s economy, up from just 10 percent in the previous poll in May 2015. However, this is more likely a reflection of the broad-based spike in global risk aversion rather than India’s relative vulnerabilities, said the Moody's release

Live Nifty Market Trend @ F&O cues: Nifty 7100 Put adds 10 lakh shares in Open Interest

F&O cues: Nifty 7100 Put adds 10 lakh shares in Open Interest

F&O Cues:

Nifty 7300 Call added 17.3 lakh shares in Open Interest

Nifty 7400 Call added 11.3 lakh shares in Open Interest

Nifty 7600 Call shed 12.6 lakh shares in Open Interest

Nifty 7100 Put added 10 lakh shares in Open Interest

Nifty 7400 Put shed 13.3 lakh shares in Open Interest

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Nifty Technical Overview:

Nifty futures opened with negative note and witnessed bearish movement for the day. It showed slight recovery at last moment of the market but overall ended on negative note. Tomorrow nifty future is expected to go downside if it sustain below the level of 7350 then it can test the level of 7250-7200.

Bank Nifty Technical Overview:

Bank Nifty futures opened with negative note and witnessed bearish movement for the day. It showed slight recovery at last moment of the market but overall ended on negative note. Tomorrow it is expected to go downside if it sustain below the level of 15000 then it can test the level of 14700-14600.

INDIAN MARKET OVERVIEW:-

Global equity markets went into a freefall on Wednesday, as murmurs of an impending global recession and likely wave of debt defaults got louder. Nifty future down 131 points at 7306.

The 30-share BSE Sensex tumbled 418 points at 24062. The market breadth was very weak as about 460 shares advanced against 2167 declining shares on the BSE.

Axis Bank’s third quarter profit increased by 14.5 percent year-on-year to Rs 2,175.30 crore from Rs 1,899.76 crore, driven by other income and net interest income despite higher provisions.

Among frontline shares, Adani Ports, SBI, Coal India, Maruti, Tata Motors and Tata Steel were the big losers, tumbling 3-5 percent.

GLOBAL MARKET OVERVIEW:-

Asian stock markets slumped to fresh four-year lows on Wednesday as a relentless slide in oil prices snuffed out an attempted rally on Wall Street and dealt a further blow to global investors’ appetite for riskier assets.

European stocks dropped on Wednesday as a relentless slide in oil prices hit world markets.

The pan-European FTSEurofirst 300 index fell 2.3 percent to a 13-month low. Britain’s FTSE 100 fell 1.9 percent, Germany’s DAX slid 2.3 percent while France’s CAC retreated by 2.2 percent.

The US crude tumbled below USD 28 a barrel in Asia today, hitting new 12-year lows, after the International Energy Agency (IEA) warned that the oil market could “drown in oversupply”.