Today Market Closing Update Live

Sensex surges for third straight day, ends 364 points up, Nifty settles above 7,450; Quick Heal shares hit upper circuit
The BSE Sensex and NSE Nifty surged for the third straight day in a row on Thursday as the post-Budget rally continued following creation of fresh bets coupled with a fresh spell of foreign fund inflows.
 The BSE Sensex and NSE Nifty surged for the third straight day in a row on Thursday as the post-Budget rally continued following creation of fresh bets coupled with a fresh spell of foreign fund inflows.
Sensex closed 364 points up at 24606, while Nifty 50 index settled 106.75 points up at 7,475.60.
The sentiments also remained upbeat after the International Monetary Fund (IMF) projected a robust growth rate of 7.3 per cent for the country this financial year, picking up to 7.5 per cent next year.

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Live Intraday Stock Future Tips

LIVE: Sensex rallies over 250 points on global cues, Nifty reclaims 7,400; HDFC, Hindalco up
The BSE Sensex and NSE Nifty opened in green on Thursday on the back of firm global cues. The 30-share index opened 143.69 points up at 24,386.67, while the 50-share index opened 60.70 points up at 7,429.55.

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Today’s Stock Recommendation
Technical Overview: Stock recommendation for 3/3/2016 is Wockpharma ltd.In today’s trading session it was up by 10.75%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 885. All the indicators are suggesting that one can go for long position in this stock above 900 levels. The stock may test level of 920-950 in coming days.
GLOBAL MARKET OVERVIEW
Asian Asia markets were higher in morning trade on Wednesday, taking early cues from overnight gains in Europe and US.
The Japanese benchmark index, Nikkei 225, traded up 2.58 percent, with the yen hovering at the 113 handle against the dollar, after falling overnight. Across the Korean Strait, the Kospi, which was off Tuesday for a public holiday, traded up 1.45 percent?

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 Overview

Sensex shuts 60 Points up from 23, 709, Effective settles preceding 7, 2 hundred; Fortis Professional medical, PNB achieve
The BSE Sensex and NSE Effective opened in red with Friday due to weak worldwide markets. 
The BSE Sensex and NSE Nifty swung between gains and losses on Friday and finally concluded the session in green. Sensex closed 59.93 points up at 23,709.15, while Nifty settled 19 points up at 7,210.75.
Meanwhile, Nomura said the Union Budget 2016 to be positive and expansionary for growth. The fiscal consolidation process over the past couple of years has entailed lower subsidies, expenditure cuts, not allowing pass-through of windfall oil gains and reduced central support to various schemes. This has adversely affected growth. The 2016 budget will be a better budget from this perspective. The government will present its budget on 29 February.

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INDIAN MARKET OVERVIEW

INDIAN MARKET OVERVIEW
The market extended rally for second consecutive session on Thursday, rising over a percent, especially driven by short covering in beaten down stocks. Positive Asian cues and rally in oil prices also boosted sentiment but the Nifty failed to hold 7200 due to mixed European cues.
Drug major Dr Reddy's will buyback around 44.85 lakh shares, accounting for about 2.6 percent of the existing paid up capital of the company, for up to Rs 1,569.4 crore.
Andhra Bank today reported a 82.91 percent plunge in net profit at Rs 34.46 crore for the third quarter ended December 31, on higher bad loans. The bank's net profit was Rs 201.71 crore in the corresponding October-December quarter of 2014-15.
Utility vehicle manufacturer Mahindra and Mahindra (M&M) disappointed analysts on all parameters Friday by reporting a 15 percent decline in third quarter consolidated profit at Rs 820.5 crore year-on-year.
Today’s Stock Recommendation 
Technical Overview: Stock recommendation for 19/2/2016 is Pidilite industries. In today’s trading session it was up by 3.42%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 605. All the indicators are suggesting that one can go for long position in this stock above 625. The stock may test level of 640-660 in coming days.

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Live Stock Market Closing Update

LIVE: Sensex recovers over 400 points from day’s low, Nifty above 7,080; BPCL up over 3%
Benchmark indices BSE Sensex and NSE Nifty continued to trade choppy in the afternoon trade. Sensex was up by 150.43 points, or 0.65 per cent at 23342.40 (at 2.38 pm). Nifty was trading 39.35 points up at 7,087.
Buying in the last hour of trade coupled with firm European markets helped domestic benchmark indices BSE Sensex and NSE Nifty to close the day in positive zone in a volatile trading session.
Chennai Petroleum Corporation shares were trading 14.58 per cent up at Rs 180.70. Sensex was up 193 points at 23,385. European stock markets resumed their recovery on Wednesday, boosted by a rise in the shares of French bank Credit Agricole and miner Glencore.

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Today Indian Rupee Update

Indian rupee hits 30-month low of 68.62 against dollar in early trade
Indian rupee fell against the dollar on sustained foreign fund outflows amid increased demand for the US currency from importers.
The Indian rupee weakened by 24 paise to trade at a 30-month low of 68.62 against the dollar in early trade on Wednesday on sustained foreign fund outflows amid increased demand for the US currency from importers.
Besides, dollar’s strength against some other currencies overseas also weighed on the rupee, dealers said.
The rupee had tumbled by 31 paise to close at a fresh 29-month low of 68.38 a dollar in Tuesday’s trade on renewed demand for US currency from banks and importers in view of strong foreign capital outflows.
Today’s Stock Recommendation 
Technical Overview: Stock recommendation for 17/2/2016 is Aiaeng. In today’s trading session it was up by 1.46%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 730. All the indicators are suggesting that one can go for long position in this stock above 745. The stock may test level of 760-780 in coming days.

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Sensex, Nifty end flat @ Market Closing Update

Sensex, Nifty end flat; Tata Steel & Sun Pharma gainers Tata Steel, Sun Pharma, ICICI Bank, Coal India and ONGC were top gainers while Hero MotoCorp, L&T, GAIL, Tata Motors and Adani Ports were losers in the Sensex.

After a good rally, the market ended flat. The Sensex was up 50.29 points or 0.2 percent at 24485.95 and the Nifty was up 13.70 points or 0.2 percent at 7436.15. About 1734 shares advanced, 929 shares declined, and 157 shares were unchanged.  Tata Steel, Sun Pharma, ICICI Bank, Coal India and ONGC were top gainers while Hero MotoCorp, L&T, GAIL, Tata Motors and Adani Ports were losers in the Sensex.

Equity benchmarks continued to be volatile in afternoon trade. The Sensex rose 46.23 points to 24481.89 and the Nifty went up 13.60 points to 7436.05. About 1669 shares have advanced, 920 shares declined, and 154 shares are unchanged on the BSE.

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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”.

Live Nifty Market Trend & News by CapitalHeight

Market Outlook:-

The market has once again opened lower on Wednesday. The Sensex is down 265.75 points or 1 percent at 24214.09 and the Nifty is down 85 points or 1.1 percent at 7350.10. About 132 shares have advanced, 526 shares declined, and 35 shares are unchanged.
         The market slips away in early trade. The Sensex is down 349.51 points or 1.4 percent at 24130.33, and the Nifty is down 98.65 points or 1.3 percent at 7336.45. About 126 shares have advanced, 870 shares declined, and 41 shares are unchanged.

           The Sensex is down 418.68 points or 1.7 percent at 24061.16, and the Nifty down 133.50 points or 1.8 percent at 7301.60.
             At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 360.09 points or 1.47% at 24,119.75.                        

     The Nifty 50 index was off 112.30 points or 1.51% at 7,322.80.

          There were more than more than six losers against every gainer on BSE. On BSE, 1,181 shares gained and 177 shares fell. A total of 43 shares were unchanged. The BSE Mid-Cap index was currently off 1.71%. The BSE Small-Cap index was currently off 1.8%. The fall in both these indices was higher than the Sensex's decline in percentage terms.

Axis Bank fell 2.49%

Cement stocks declined

UltraTech Cement slipped 0.86%

Grasim Industries was off 0.69% at Rs 3,486.80

Reliance Industries (RIL) dropped 2.38%.

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