Market Weekly :Sensex, Nifty End Flat

Markets weekly: Sensex, Nifty end flat; HCL Tech surges 9%, ICICI Bank falls 6%  

Benchmark indices BSE Sensex and NSE Nifty ended the week flat amid muted global cues. Market participants overlooked the approval of GST Constitutional Amendment Bill in the Rajya Sabha on Wednesday. The widely-tracked Nikkei purchasing managers’ index (PMI) which inched up to 51.8 points in July against 51.7 in the previous month also failed to support market sentiments. For the week ended August 8, the 30-share index Sensex closed 26.49 points up at 28078.35 against 28051.86 on July 29. NSE Nifty index jumped 44.65 points, or 52 per cent to 8683.15 from 8638.50 during the week. The Friday’s rally helped markets to pare all their losses and post gains for the week. Sensex gained 363.98 points on Friday.

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HCL Technologies, Hindalco Industries, Hero MotoCorp, Grasim Industries and Tata Steel gained 8.98 per cent, 7.82 per cent, 7.68 per cent, 7.47 per cent and 7.25 per cent, respectively, and stood among top gainers in the Nifty 50 pack for the week ended August 5. However, ICICI Bank, BHEL, Lupin, Larsen & Toubro and Aurobindo Pharma skid 6.43 per cent, 5.83 per cent, 3.99 per cent and 2.84 per cent in the past five trading sessions.

According to a corporate database Ace Equity, foreign institutional investors (FIIs) stood net buyers in equity segment for the week ended August 5 with gross purchases of Rs 21,370.86 crore and gross sales of Rs 19,630.27 crore, leading to a net inflow of Rs 1,740.59 crore. They stood as net sellers in the debt segment with gross purchases of Rs 4,340.62 crore against gross sales of Rs 6,410.31 crore, resulting in a net outflow of Rs 2,069.69 crore. During the week, Indian rupee appreciated by 22 paise to 66.81 on August 5 from 67.03 on July 29.

Nifty may Open on Positive Note

Post a flat start, the Nifty remained under pressure throughout the day and finally ended 28 points lower. Nifty futures settled at a premium of 48 points. India VIX fell 1.5 percent to 14.9. 

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FIIs sold Rs 14 crore while DIIs bought Rs 148 crore in the cash segment. FIIs bought Rs 85 crore in index futures and Rs 1393 crore in index options. In stock futures, they sold Rs 866 crore.  

The highest Put base at the 8500 strike with 39 lakh shares while the highest Call base is at the 9000 strike with 47 lakh shares. The 8700 and 8800 Call strikes saw additions of 3.6 and 2.9 lakh shares respectively, while the 8600 and 8700 Put strikes saw additions of 2.8 and 3.2 lakh shares, respectively.

Nifty Future: The Nifty is likely to open positive on the back of strong global cues. Buy Nifty in the range of 8685-8695 for targets of 8725-8745, stop loss: 8670.  

Bank Nifty Future: Apart from a few midcap banks, all major banks remained under pressure throughout the day. However, the index continued to remain firm above the sizeable Call base of 19000. We feel dips in the index should be utilised to create fresh long positions. Buy Bank Nifty in the range of 18880-18930, targets: 19050-19150 stop loss: 18790.

Nifty Future Trading Tips Today And Trends by Capitalheight

MUMBAI: National Stock Exchange (NSE) today rebranded two of its indices - Nifty Midcap 100 and Nifty Smallcap 100 - which will be effective from the next fiscal.

The bourse said the indices will be known as Nifty Free Float Midcap 100 and Nifty Free Float Smallcap 100 from April 1, 2016.

The five new indices - Nifty Midcap 150, Nifty Smallcap 250, Nifty Full Midcap 100, Nifty Smallcap 50, Nifty Full Smallcap 100 - would be published from the next financial year (April 1, 2016). 

CH GOOD MORNING NIFTY TREND: CONSOLIDATE NIFTY SPOT LEVELS SUPP 1: 7556 SUPP 2: 7450 RES 1: 7740 RES 2: 7870 CH BANK NIFTY TREND -CONSOLIDATE BANK NIFTY FUTURE LEVELS SUPP 1: 15540 SUPP 2: 15220 RES 1: 15990 RES 2: 16230 CH WORLD MARKET ALERT HANG SENG -4 NIKKEI -24 SHANGHAI 0 DOWJONES 19 NASDAQ -4 SGX NIFTY -7.

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Nifty Trading Tips Today & Trends By CapitalHeight

Nifty may open up; Asia mixed oil up before US contract expiry.

Asia markets were trading mixed after US equities squeezed out gains overnight. The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

The SGX Nifty, trading 9.00 points up at 7720.00 at 7.38 AM, on Tuesday indicates a marginally positive opening for the 50-share Nifty.

Asian markets were trading mixed after US equities squeezed out gains overnight. 

The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

CH GOOD MORNING NIFTY TREND: BULLISH NIFTY SPOT LEVELS SUPP 1: 7620 SUPP 2: 7515 RES 1: 7750 RES 2: 7870 CH BANK NIFTY TREND -BULLISH BANK NIFTY FUTURE LEVELS SUPP 1: 15720 SUPP 2: 15340 RES 1: 15990 RES 2: 16230

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Nifty Market Trend Analysis & News by CapitalHeight

 The market may open sharply higher tracking firmness in Asian stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 88.50 points at the opening bell. The market has opened higher on Fed's move. The Sensex is up 230.07 points or 0.9 percent at 24912.55 and the Nifty is up 70.40 points or 0.9 percent at 7569.15. About 616 shares have advanced, 124 shares declined, and 19 shares are unchanged.

Nifty Market Trend for Today-

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7415; SUPP 2: 7350

RES 1: 7580; RES 2: 7635

CH BANK NIFTY TREND -BULLISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 15350; SUPP 2: 15080

RES 1: 15860; RES 2: 16180

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Nifty Future Trading Market Live News and market trend

The market has ended at fresh 20-month low. The Sensex closed down 417.80 points or 1.7 percent at 24062.04 and the Nifty ended 125.80 points or 1.7 percent at 7309.30. About 543 shares have advanced, 2071 shares declined, and 138 shares are unchanged.

           UltraTech Cement's third quarter standalone profit shot up 39.4 percent to Rs 508 crore against Rs 364.4 crore in year-ago period. It was supported by strong operational performance, other income and lower finance cost.

            Crude futures slumped on Wednesday, with US oil dropping more than 3 per cent towards $27 a barrel, which is its lowest since 2003, amid worries over a global glut, said a Reuters report.

              Key benchmark indices extended losses in mid-afternoon trade as index heavyweights Reliance Industries (RIL) and ITC extended intraday losses.

               Crude futures slumped, with US oil dropping more than 3 percent towards USD 27 a barrel and its lowest since 2003, on worries about global oversupply.

             The Cabinet today approved a new power tariff policy that aims at promoting clean energy, better regulation of discoms and faster rollout of investments.

              Bajaj Auto, Sun Pharma, Hero MotoCorp and Wipro were losers in the Sensex. Hindalco, Adani Ports, SBI, Tata Motors and Reliance were top gainers.

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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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