Tuesday, 27 September 2016

Sensex, Nifty marginally higher amid consolidation; ICICI falls

TCS, Infosys and Coal India were top gainers on the Sensex, up 1-1.5 percent whereas ICICI Bank and Bharti Airtel fell further. 

10:20 am FII View: Ian Hui, Global Market Strategist, JPMorgan Asset Management talking about the impact of US Presidential pre-elections debate on the global market, said if Hillary Clinton comes into power then markets may take it more favourably than if Donald Trump comes into power because she is expected to carry forward US President Barack Obama’s policies.

The statements per se are unlikely to impact global markets majorly. The debate took place at Hofstra University, New York.

When asked if he thinks emerging markets are likely to see protracted corrections going forward, he said it all depends on the different data points coming out of China – whether China will stabilise, the outlook on commodity prices, and outcome of the OPEC meeting to decide on production freeze, plus the lack of unconventional surprise by the Bank of Japan – all this could drag the markets a little lower.

However, amongst the EMs, the house has a positive outlook on India.

Also read - Use intermittent dips to buy; like Yes Bank: Prabhudas Lilladher 

10:00 am Market Check  INTRADAY STOCK TIPS

Equity benchmarks were marginally higher amid consolidation in morning trade, led by short covering in technology, pharma, auto and select banks stocks.

The BSE Sensex was up 54.16 points at 28348.44 and the NSE Nifty up 19.20 points at 8742.25 while the broader markets outperformed benchmarks on positive breadth.

About two shares advanced for every share declining on the Bombay Stock Exchange.

TCS, Infosys and Coal India were top gainers on the Sensex, up 1-1.5 percent whereas ICICI Bank and Bharti Airtel fell further.
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5 comments:

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ONGC, Bharti Airtel and Larsen and Toubro have failed to rally and lost over 1% each.
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BIGPROFITBUZZ said...

#Performance of the Day (26th Sept 2016)

#Equity Profit Buzz Performance (26th Sept 2016)
1. AXISBANK (Profit Rs 6.75/share)
2. JUSTDIAL (Profit Rs 5/share)

#Derivative Profit Buzz Performance (26th Sept 2016)
1. AXISBANK (Profit Rs 13500/Lot)
2. JUSTDIAL (Profit Rs 4000/Lot)

#Nifty Profit Buzz Performance (26th Sept 2016)
1. BANKNIFTY (Profit Rs 5600/Lot)
2. NIFTY (Profit Rs 4500/Lot)

#Option Profit Buzz Performance (26th Sept 2016)
1. RELINFRA 620PE (Profit Rs 18850/Lot)
2. AUROPHARMA 840CE (Pending)

#Jackpot Profit Buzz Performance (26th Sept 2016)
1. RELINFRA (Profit Rs 19/share & Rs 19500/Lot)

#Multi Profit Buzz Performance (26th Sept 2016)
1. AXISBANK (Profit Rs 6.75/share & Rs 13500/Lot)
2. JUSTDIAL (Profit Rs 5/share & Rs 4000/Lot)
3. BANKNIFTY (Profit Rs 5600/Lot)
4. NIFTY (Profit Rs 4500/Lot)
5. RELINFRA 620PE (Profit Rs 18850/Lot)
6. AUROPHARMA 840CE (Pending)
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kailash soni said...

Share Market ended rangebound session down for 3th sequent day Tuesday due to late sell-off after correction in world peers. Benchmark indices beginning off day on a optimistic note on short covering but the drop in European shares drove the market fall in past hour of trade. The 30-unit BSE Sensex was fall 70.58 points at 28223.70. The 50-unit NSE Nifty breached 8700 range day but managed to hold that range, fall 16.65 points to close at crisp 2-week ending low of 8706.40. More info Join best stock market training institute in India.