S data spurs safe haven demand. Asian indices opened mixed as oil weakness hurt the Australian index while the US Dollar rebound saw the Japanese 'Nikkei' open in the positive. With equity markets hitting fresh highs expect some consolidation as the US President Trump reforms agenda seems to get delayed and could see sentiment weaken. Nifty saw a strong pullback mid session as investors bought Financials, PSU banks and Reality on the back of aggressive steps announced by Government on loan defaulters. Rupee strength, lower bond yields and inflation, all bode well for lending cycle to resume as credit growth still appears a lag indicator on the economy. The BSE Sensex is currently trading at There were 17 stocks advancing against 13 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index was up by 0. The CNX Nifty is currently trading at There were 20 stocks advancing against 31 stocks declining on the index. Nifty has seen act as strong support on the downside while act a strong resistance on the upside. Break either side will see Nifty chart further course. Bank Nifty also sees support around while will act as resistance on the upside. Godrej Properties BUY Above with Stop Loss at After consolidating in a narrow trading band for eight trading sessions, Godrej Properties has broken out from a channel pattern on the daily charts. The price volume breakout was witnessed after the stock bounced back convincingly from its Day EMA support zone. Other oscillators also indicate that the current momentum is likely to extend. The wholesale price index based inflation eased to 2. The government is working on a proposal to merge the Directorate General of Foreign Trade DGFT with Central Board for Excise and Customs CBEC to promote ease of doing business for exports and imports. The Union Cabinet has decided to introduce a Financial Resolution and Deposit Insurance Bill to provide for a comprehensive resolution framework to deal with bankruptcy situation in banks, insurance companies and financial sector entities. The top gainers on Nifty were AurobindoPharma up by 5. On the flip side, BPCL down by forex. The top gaining sectoral indices on the BSE were Realty up by 1. On the global front: On the global front, Asian shares were trading mostly in red, with investors in Japan looking ahead to a central bank policy review to conclude on Friday. The Asian markets were trading mostly in red; Hang Seng decreased On the other hand, FTSE Bursa Malaysia KLCI increased 0. Asian markets open in the green as overnight positive US cues see value buying, however most await on the sideline as Fed meet today to be crucial. Forex oil cooled off further while US bond yields also saw weakness. Globally investors turn cautious as overheating in equities sees little room for complacency. Nifty saw second half weakness give away all the gains and end marginally in the red. Metals, Auto and select Energy stocks saw weakness while Reality, Financials and Pharma witnessed buying as the Nifty drifted after a firm opening. The Nifty 50 index was down 6. Investors chose to stay on the sidelines and awaited clarity on the Federal Reserve's future path for US policy. Domestic stocks saw a quiet start to the day's trading session with the key benchmark indices trading on a flat-to-positive note in early trade. Both these indices underperformed the Sensex. Nifty now finds support closer to which if broken can trigger a sharp fall while acts as strong resistance on the upside. DHFL BUY Above with Stop Loss at The stock has been stuck in a trading range for over two weeks and has finally broken out from a consolidation pattern on the daily charts. The stock has surged smartly on the back of credible volumes. DHFL has rebounded from its short term moving averages support zone, which further accentuates our bullish stance on the stock. The government is working nse a new industrial policy with a view to promoting and developing frontier technologies, innovation and enhancing competitiveness of domestic products. In the last trading session, markets gave away the opening gains forex closed at the lowest point. FIIs were net sellers in cash market segment to the tune of Rs Cr. FIIs index future long short ratio at 3. Metal and mining stocks declined. Hindustan Copper up 1. Copper edged lower in the global commodities market. High Grade Copper for July delivery was currently up 0. Grasim Industries was off 0. Grasim has exposure to the cement sector through its holding in UltraTech Cement. On the global front, Asian stocks were trading lower as investors awaited clarity on the Federal Reserve's future path for US policy after a likely rate rise later in the day. The US Federal Reserve's two-day meet ends today, 14 June and investors expect the central bank to raise interest rates for the third time since December. Super-low unemployment, gains in factory output and other economic data pointing to a recovery in the US economy have led investors to believe that the Fed will lift rates. The Indian markets showing a lackluster trade ended marginally in red in the last session. He said that the biggest beneficiaries of the open market policy or globalisation have been middle income countries and the continuation of this is in their interest. It turned out to be a lethargic performance from Indian benchmark indices on Thursday, as they failed to snap the session in the green territory and settled marginally below the neutral line. Sentiments remained subdued after Reserve Bank of India RBI raised concerns over the possibility of fiscal slippages due to the farm loan waivers. RBI Governor Urjit Patel said unless that state governments' budgets allow that fiscal space to go in for a loan waiver, it would be risky to tread on that path. RBI also cut the economic growth projection to 7. The central bank, however, used a less hawkish tone and reduced the Statutory Liquidity Ratio SLR in its second bimonthly momany liquor stocks gained traction after Karnataka state government decided to send a proposal to the union government seeking to denotify the national highways NH pass through urban local bodies in Karnataka tips local roads. Likewise, shares of steel companies were trading higher in an otherwise subdued market on the expectations of a revival in consumption during the current financial year The market breadth remained pessimistic, as there were shares on the gaining side against shares on the losing side, while shares remained unchanged. Traders turned anxious after chief economic adviser Arvind Subramanian expressed his unhappiness over the Reserve Bank's inflexibility on interest rates. He warned that real policy rates are becoming tighter and rising at a time of low inflation and slowing growth. It also said that an improved economic outlook in major Asian economies such as India, China is likely to lift investor confidence and help boost FDI inflows by about 15 percent in Asian equity markets made a mixed closing on Thursday as investors awaited directional cues from three big upcoming events today and next week's Federal Reserve meeting. The European Central Bank ECB will announce its latest interest rate decision later today, with traders on the lookout for any hints of policy changes on rate and stimulus outlook. Polls have opened in the UK with the latest polls predicting a narrow victory for Theresa May's party over the main opposition Labour Party. Former FBI Director James Comey's testimony before the Senate Intelligence Committee also remained in the spotlight after he confirmed media reports that President Donald Trump demanded his loyalty and asked him to drop at least part of the bureau's investigation of former National Security Adviser Mike Flyn. Japanese shares ended lower as the yen edged higher in late Asian deals on a report that the Bank of Japan was re-calibrating its communications to acknowledge it is thinking about how to handle a withdrawal from its monetary stimulus. Meanwhile, Chinese shares ended higher after Chinese exports and imports data topped expectations. The US markets closed higher on Thursday, with the Nasdaq Composite Index finishing at a record, marking forex 38th all-time closing high in The Dow Jones added 8. The report however noted that although new liberalization efforts continue to improve the investment climate in India, tax-related concerns remain a deterrent for some foreign investors. UNCTAD report said that an improved economic outlook in major Asian economies such as India, China is likely to lift investor confidence and help boost FDI inflows by about 15 per cent in It said that in major recipients such as China, India and Indonesia, renewed policy efforts to attract FDI could contribute to an increase of inflows in Terming India a bright spot in the cloudy global. He pointed out that the goods and services tax GST regime is also going to have long standing benefits for the nation. Talking about his 'guiding tenet-reform to transform', Modi said that the reform agenda of government is comprehensive and inclusive, covering all sections of society, all regions of India and all aspects needing attention. He also said that it was a matter of immense happiness tips a friendly spirit of competition has developed among the states for accelerating reforms and getting more investment. On matters related to next-gen infrastructure for a new India, PM said that they are giving the added push to infrastructure projects with a special emphasis on timely completion. He also said that substantial ground has been covered in the last three years and India is poised to scale newer heights of progress. He said that past episodes have shown when there are significant fiscal slippages they do permeate through inflation sooner or later. US markets hit fresh new all time highs as the Dow Jones nearly hit on the upside. Asian indices saw profit taking on opening bell with the Japanese 'Nikkei" down over points as North Korean rhetoric saw weak sentiment prevail. Nifty saw last hour buying led by Metals and select Auto stocks drive the index higher even as the broader market saw corrections. Expect defensive buying in Pharma and select mid-caps to be the theme today while selling in PSU banks and Financials may be witnessed in the light of further farm loan waivers being announced by states. There were 11 stocks advancing against 19 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 0. There were 19 stocks advancing against 32 stocks declining on the index. Nifty sees resistance closer to while will act as strong support, any breach either side could see Nifty chart way forward. Bank Nifty also sees strong resistance around while act as strong support. Eros International Buy Above After being in the declining mode for over three weeks, the stock has broken out from a declining trend line. The strong bounce is seen after Eros found support at its DMA. The up-thrust in price is seen on the back of smart uptick in volumes. In addition, other oscillators also indicate that the current momentum may extend further. Oil and Natural Gas Corp ONGC is keen to acquire HPCL in a Rs In the last trading session, markets ended on a positive note as the banking stocks continued to shine. FIIs index future long short ratio at 4. The top gainers on Nifty were Sun Pharma up by 1. On the flip side, Wipro down by 2. The top gaining sectoral indices on the BSE were Realty up by 0. On the global front, Asian shares were trading mostly in red, as central bank meetings ahead and uncertainty over the chances for a coalition government in Britain turned investors cautious. On the other hand, Jakarta Composite increased Kuala Lumpur Stock Exchange is closed on account of National holiday. It wound up with the Conservative Party losing its majority in the House of Commons. Despite increased uncertainty surrounding the Brexit process, global equities have shown little net change on the week. The yield on the US year Treasury note rose three basis points to 2. Equity volatility, as measured by the Chicago Board Options Exchange Volatility Index VIXremained historically muted, virtually unchanged at Key benchmark indices settled with modest gains in a volatile session of trade on Wednesday, 7 Juneafter the RBI decided to keep the policy repo rate unchanged after a policy review meet on Wednesday, 7 June The Sensex had risen Key indices settled with small losses after tips trade on Thursday, 8 Juneas caution prevailed in global markets ahead of key global events of outcome of elections in the UK and the European Central Bank's ECB monetary policy review. The Sensex shed Both the Sensex, and the Nifty, had hit record high in intraday trade on Tuesday, 6 June The Sensex fell The Nifty advanced Broad market depicted strength. Both these indices outperformed the Sensex. On the Economic Front, the RBI's Monetary Policy Committee MPC in its meeting held on Wednesday, 7 Junedecided to keep the policy repo rate under the liquidity adjustment facility LAF unchanged at 6. A private business survey showed activity in India's services industry accelerated in May as domestic and foreign orders rose. State Bank of India SBI advanced 0. The bank said that it has successfully concluded India's largest ever qualified institutional placement QIP of Rs crore which was launched on 5 June The QIP book was oversubscribed and demand exceeded Rs crore. Post issue, the Government of India's GoI shareholding in the merged entity will be at Nse announcement was made during market hours on Friday, 9 June ICICI Bank rose 1. The bank said its board of directors on Monday, 5 Juneapproved the sale of a part of its shareholding in ICICI Lombard General Insurance Company in an initial public offering by the company, subject to requisite approvals and market conditions. The size and other details of the offer would be determined in due course, the bank said. The announcement was made at the fag end of market hours on Monday, 5 June The company said that the news article is baseless and malicious. There is no truth to these unsubstantiated rumors, it added. The announcement was made after market hours on Monday, 5 June Infosys was down 2. The company clarified after market hours on Wednesday, 7 June that the news reports on pricing cuts nse by the IT industry being attributed to the Infosys chief operating officer COO are incorrect. Dr Reddy's Laboratories rose 3. The announcement was made during market hours on Tuesday, 6 June Tata Motors was down 2. The announcement was made during market hours on Wednesday, 7 June The company announced that the company and Siemens unveiled a new collaboration around Internet of Things IoT innovation. Focused on customers in the manufacturing, energy, building technology, healthcare and railway industries the partnership will enable customers to benefit from new data insights and services based on MindSphere, the cloud-based, open IoT operating system from Siemens. The announcement was made after market hours on Tuesday, 6 June In Overseas Markets, British Prime Minister Theresa May's Conservative party has fallen short of an outright majority in the UK's general election held on Thursday, 8 June May had unexpectedly called the snap election seven weeks ago, confident of sharply increasing the slim majority she had inherited from predecessor David Cameron before launching into the Brexit talks. US non farm payrolls increasedin May, missing the forecast, suggesting the labour market was losing momentum despite the unemployment rate falling to a year low of 4. Also, the number of jobs created in March and April was reduced by 66, from what was previously reported. ECB drops rate-cut reference With the economy on the upswing, European Central Bank president Mario Draghi announced on Thursday that the bank is dropping its bias toward cutting interest rates, but it retained its bias toward increasing quantitative easing, if necessary. The bank raised its growth forecast while at the same time cutting its inflation outlook. Risks to the economy are now broadly balanced, he said. The eurozone composite PMI, which measures both manufacturing and services, stood at Meanwhile, the United States clocked in at Catalonia schedules referendum The president of the Spanish region of Catalonia, CarlesPuigdemont, announced on Friday that an independence referendum will be held on 1 October. Politically, May is seen as living on borrowed time, and could be replaced as party leader in the near future. That is one reason — along with a weaker pound — that markets have taken the election outcome in stride so far. A softer Brexit is seen as less disruptive to UK business interests. A very poor showing by the Scottish National Party is seen as halting momentum toward a second referendum on Scottish independence. NEW WEEK HIGH BSE A: NEW WEEK LOWS BSE A: MAJOR WEEKLY LOSERS IN BSE A CATEGORY: Eyes will be set on the certain US economic data releases are: Fundamental Pick of the week: On charts, it is trading above important moving averages in higher highs—higher lows formation on daily charts. As per Geometric Time Cycle big move can be seen in market in next 2 days. Low made today was again near the gann angle, as shown in below chart and we saw a good bounce back. Markets extended their winning streak to the fifth consecutive week as the index yet again closed at a fresh life time high thanks to late buying on Friday. However, throughout the week, traders and investors remained jittery amid multiple global events like ECB meet and UK elections. Start of this week witnessed ITC and HUL lead the main indices as the FMCG companies helped five of the top 10 most valued Indian firms raise their market cap by more than Rs 37, crore. The PSU Banking stocks were in action after media reports stated that the government was examining the possibility of further consolidation in the public sector banking space without waiting tips their finances to improve. OMCs like BPCL, HPCL and IOC were in action after reports stated that petrol and diesel prices will be revised every day across the country from June US markets closed almost flat as the Comeytestification saw sentiment remain weak as doubts over further reforms by President Trump gathered pace. Asian indices however opened flat to mildly positive as bulls seen in full control with all risk being forex under the carpet. With US Dollar also seeing safe haven buying against the UK pound, expect currencies to be at the centre of attention as results pour in. Nifty gave up gains as IT downgrades saw tech stocks witness huge selling. The Pharma sector saw strong defensive buying and emerged as the biggest gainer yesterday. For today expect Pharma, Private Banks and Metals to see buying while IT, PSU Banks and Mid-caps could be under pressure. There were 10 stocks advancing against 20 stocks declining on the inde x. Nifty has seen act as resistance and needs to close over the same for further upside, while will act as support on the downside. Bank Nifty also saw resistance around while will act as support. Magma Fincorp Buy Above After consolidating for over four weeks, the stock has finally broken out from a Symmetrical Triangle pattern on the daily hart. The price outburst has been accompanied with smart uptick in traded volumes, moreover, Magma has also convincingly closed above the DMA accentuating our nse stance on the stock. In the last trading session, markets ended on a lacklustre note. FIIs were net buyers in cash market segment to the tune of Rs 91 Cr. FIIs index future long short ratio at 5. The top gainers on Nifty were Vedanta up by 1. On the flip side, Tech Mahindra down by 2. On the global front, Asian shares were trading mostly in red, as investors eyed UK poll results. On the other hand, FTSE Bursa Malaysia KLCI increased 3. Asian nse may remain range-bound ahead of an event filled Thursday as markets at all time highs prompt cautiousness. Energy stocks to lag while financials to tips as oil hits 4 month lows indicating lower than expected global growth. Nifty moved up by 30 points as RBI kept rates unchanged, while Bank Nifty did scale new highs. Flows, Rupee strength and bond yields locally 6. Expect rallies above to be sold into as event risk will limit upside. Nifty now finds support closer to which was yesterday's low while will act as resistance on the upside. Bank Nifty can also see resistance around levels while will act as support. Maruti Buy Above with Stop Loss at After being under pressure for four consecutive trading sessions, Maruti has once again shown signs of resuming its uptrend. The stock has broken out from a Flag pattern on the daily charts accompanied with smart uptick in traded volumes. Other oscillators also indicate that the momentum is here to stay. In the last trading session, markets resumed its uptrend as banking stocks shimmered. Fresh long build-up was seen in Nifty and Bank Nifty ATM call option strikes, indicating of a continued upward momentum. FIIs were net buyers in cash market segment to the tune of Rs 74 Cr. The top gainers on Nifty were Tata Steel up by 3. On the flip side, GAIL India down by 2. The top gaining sectoral indices on the BSE were Metal up by 1. On the global front, Asian shares were trading mostly in green, as investors focused on risk events later in the day. Back home, the NSE Nifty and BSE Sensex were trading below the psychological 9, and 31, levels respectively. The Asian markets were trading mostly in green; FTSE Bursa Malaysia KLCI increased 1. On the other hand, KOSPI Index decreased 1. Asian indices opened flat as overnight US indices closed in the red as most investors stayed on the sidelines ahead of an event heavy week. Nifty hit only to see selling dominate the session and closed near the low of the day. IT, select private Banks witnessed buying while FMCG, PSU banks and Auto bore the brunt of the selloff. Today all eyes will be on the RBI Governor on rates as near term consensus seems no change in policy. There were 21 stocks advancing against 9 stocks declining on the index. There were 35 stocks advancing against 16 stocks declining on the index. Nifty now finds resistance around while will act as strong support. Bank Nifty also finds strong support around while will act as resistance on the upside. Union Bank Jun FUT Sell Below with Stop Loss at for Target of The stock has rallied for the past five sessions and has finally shown signs of a reversal. Union bank found stiff resistance at its DMA which is placed at Rs Other oscillators also indicate that the momentum is fading away further accentuating our short term bearish stance on the stock. Adani Power has approached Gujarat UrjaVikas Nigam GUVNL to bail out its Mundra power plant, which stares at financial unviability after the Supreme Court in April quashed the company's plea for tariffs that would have compensated escalations in Indonesian coal costs. In the last trading session, markets traded in a narrow range awaiting the credit policy on June 7, FIIs were net buyers in cash market segment to the tune of Rs 61 Cr. FIIs index future long short ratio at 6. On the flip side, BPCL down by 1. The top gaining sectoral indices on the BSE were Healthcare up by 1. On the global front, Asian shares were trading mostly in green, as investors remained noticeably risk averse. The Asian markets were trading mostly in green; Hang Seng increased 1. On the other hand, Taiwan Weighted decreased 5. Asian indices opened flat as after last week's stellar rally most indices consolidate. The 'yen" weakness saw the Japanese 'Nikkei" hold over as the new fresh highs see more ETF flows chase returns. Gold prices also saw buying as fresh geopolitical risk in London saw defensive buying emerge. The Nifty large cap stocks saw profit booking while the midcaps saw value buying with sectoral outperformance continuing. There were 18 stocks advancing against 12 stocks declining on the index. The broader indices were trading in green; the BSE Mid cap index gained 0. Nifty now finds strong support around while will act as resistance on the upside. Bank Nifty also finds resistance around while will act as support. The upthrust has also been accompanied with smart uptick in volumes. Other oscillators are also indicating the recovery is likely to extend further. Adani Ports and Special Economic Zone Ltd APSEZhas started construction of the first berth at the country's international transhipment project of deep-water multi-cargo port at Vizhinjam in Kerala. In the last trading session, Nifty ended on a positive note. Bank Nifty OTM put option strikes continue to remain the selling pressure, indicating of a continued uptrend. FIIs were net sellers in cash market segment to the tune of Rs 59 Cr. The top gainers on Nifty were Bajaj Auto up by 2. On the flip side, ITC down by 1. The top gainers on the Sensex were Bajaj Auto up by 2. On the global front, Asian counters were exhibiting mixed trend at this point of time with some indices trading in red, as the most recent US data is testing bets on improving global growth that has helped drive the value of equities worldwide. The US markets extended their gains in last session, overlooking a weaker than expected jobs data, as the World Bank forecasted a modest pickup in growth despite uncertainty about monetary policy and concern among bond traders that inflation is waning. Asian markets were trading mixed; KOSPI Index rose 2. On the flip side, Hang Seng decreased Federal Reserve raises rates and indicates 1 more hike in Bond yields and oil fall to fresh 8 month lows as inflation falls and hurts growth prospects. June Rohit Stock Market Research 0. June Sharetipsinfo Stock Market Research 0. Category list Forex Articles 9 Stock Market Research Trading Articles Month List December 37 January 36 February 36 March 43 April 16 May 29 June RecentPosts Federal Reserve raises rates and indicates 1 more hike in US Dollar trends lower along with oil as Fed rate hike gets discounted today Comments: Global risk levels at highest levels since as scramble for equities sees markets in heavily overbought zone. British Pound sinks in early trade as Asian indices open flat. Oil prices react sharply with higher US inventories, while US Dollar and bond yields fall. US bond yields fall to 2. Newsletter Get notified when a new post is published. Enter your e-mail Please enter an e-mail address Please enter a valid e-mail. BL The Union Cabinet has decided to introduce a Financial Resolution and Deposit Insurance Bill to provide for a comprehensive resolution framework to deal with bankruptcy situation in banks, insurance companies and financial sector entities. Top of Form Bottom of Form. BS In the last trading session, markets gave away the opening gains and closed at the lowest point. Parliamentary elections, round one. ZEW economic sentiment index. Retail sales and industrial production. Retail sales and Consumer Price Index. FOMC meeting, Yellen press conference. SNB interest rate decision.
Not only the fields of economic stability or the corruption require efforts but dreams on different fronts-social, economic, political and foreign policy-warrant that India should continuously strive to turn these dreams into reality.
Comic chaos ensues in a whirl of misadentures, disguises and mistaken identities as the love-struck Casanova tries to win her heart. 111 min. DVD 5491.
Not only the fields of economic stability or the corruption require efforts but dreams on different fronts-social, economic, political and foreign policy-warrant that India should continuously strive to turn these dreams into reality.
There has to be the pioneers that are willing to build something from nothing and accept the challenges that come along with it.
On DE: I offer examples of unexplainable holes in the theories premises.
Comic chaos ensues in a whirl of misadentures, disguises and mistaken identities as the love-struck Casanova tries to win her heart. 111 min. DVD 5491.
Learning a language early in life should be encouraged, and I hope our school systems start introducing languages at an earlier age.