Skip to main content

NIFTY AND STOCKS UPDATES

By

Markets at a Glance
A gap-up opening is likely for the Indian indices today largely mirroring positive Asian markets, as the stronger-than-expected US jobs reported on Friday, lifted investors sentiments. The in-vestors will keep a close eye over the shares of DLF and SAIL ahead of the quarterly results to-day. Meanwhile Asian shares are trading significantly higher, cheered by US jobs figures and renewed hopes from European Central bank (ECB), as ECB officials said that the central bank could intervene and buy the bonds of struggling euro-zone countries without unanimous ap-proval. Besides, China’s central bank over the weekend pledged to boost its monetary policy measures and improve credit policy to provide a fillip to the world’s second largest economy. The SGX Nifty, Aug’12 contract last traded at 5,287, up by 44 points from previous session.
Wall Street Update
The US markets rose to a three-month high on Friday, after the US payrolls data rose more than expected in July combined with a positive ISM Service boosted sentiments. The financial sector was the top performer of the day, driven by the strength in European banks on the back of a significant drop in Italian and Spanish yields. On the economic front, the nonfarm payrolls increased by 163K much better than the 100k gain expected, while nonfarm private payrolls added 172K against expectations of a 105K increase. The unemployment rate inched up slightly by 8.3% from its previous reading of 8.2%. Meanwhile, the July ISM Services index came in at 52.6, slightly above the 52.3 Briefing.com consensus, and up from June's 52.1 reading.
Previous Day Roundup (Domestic)
 Indian benchmark indices staged a smart recovery in the second half of the session to close the last trading session of the week marginally lower largely mirroring positive European markets.
 On the sectoral front, the Metal index was the biggest loser today, down with a cut of 1.6%, followed by Auto, Bankex and Realty indices down by 0.6% to 0.8%. While, the Oil & Gas, Health care, IT and Teck indices remained on buyers radar.
 The BSE Sensex closed at 17,198 down by 26 points or by 0.2% and NSE Nifty closed at 5,216 down by 12 points or 0.2%.
 The Indian rupee strengthened against the US dollar led bya late session recovery tracking

NIFTY STOCKS COMMODITIES INTRADAY TRADING SYSTEMS

Comments

Post a Comment

Popular posts from this blog

By
Post a Comment
Read more

Buy Sell Signal Software

By
FM ADVOCATES FOR RATING UPGRADE FOR ECONOMY—STOCK MARKET         There is strong case for rating upgrade of Indian economy by global rating agency on the back of increasing investments, declining import of gold and government’s commitment to fiscal prudence.   The expert in stock market and those who trade in nifty consider it a strong move which will boost up confidence of retail investors in the stock market .   The issue of rating upgrade was raised by FM officials at a meeting with the rating agencies.   The ministry expressed confidence that current account deficit (CAD) will surely come down as oil prices are stable and the rupee has been range bound.   Moreover, the cabinet committee on investment has also approved projects worth Rs 70000 crore in three months time. In general the infrastructure and in particular the cement industry and steel industry will have positive impact.   The government has set up...
Post a Comment
Read more

Buy Sell Signal Software for Share Trading

By
GOLD LOSING ITS SHINE—COMMODITY MARKET         With investors moving money out of gold and silver, the futures tumbled at a breathtaking speed on intraday Friday night session which witness bloodbath and butchery of gold in the commodity market .   With commodity tips providers being clueless, gold futures for delivery closed at $ 1482.65 registering a loss of $ 82.25 or 5.26 per cent in intraday trading session.         Investors were selling gold like anything; earlier when the bull rally was on, investors were rushing to buy gold.   The exact volt a face is taking place with investors having changed their trading strategy for gold intraday trade .   The bull run has been prevailing for over a decade.   Now at the first instance of a signal that the rally is fading, people are rushing out to sell gold in panic of trend reversal on technical chart .      ...
Post a Comment
Read more