Domestic Benchmarks Plunging Down, Midcap Sectors Trading Up

After the government confirmed that in response of Pakistan terrorist activities surgical strike by Indian soldiers, investors panicked and took to seeling plunging equity benchmarks to drop more than 1.5 percent intraday. Domestic equity benchmarks opened flat on Friday morning. Sensex dropped 43 points or 1.06 percent to 27783 and Nifty dropped 8 points or 0.10 percent to 8535. Midcap and Small cap indices are trading with positive leads in the struggling market. BSE Small Cap has hiked 170 points to 12684, BSE Midcap gains 164 points to 13078 and Nifty Midcap hiked 185 points to 15284. Yet, 1613 shares have been advanced, 584 shares have been declined and 137 shares are unchanged.

Asian Market Updates: Global indices are trading down. Nikkei is trading 215 points down to 16478, Hang seng is 314 points down to 23425 and Shanghai Composite is 4 points up at 3003.

NSE BSE Closed Negative Note @ Stock Future Trading Tips

The barometer index, the S&P BSE Sensex, lost 104.91 points or 0.36% at 28,668.22, as per the closing data. The Nifty 50 index lost 35.90 points or 0.4% at 8,831.55, as per the closing data. Weakness in European and Asian stocks weighed on sentiment on the domestic bourses. Key indices extended intraday slide towards the latter part of the trading session after hovering in a narrow range around the flat line till afternoon trade.

The six-member MPC—the other three members are from RBI—will conduct its first monetary policy review on 4 October 2016. The members of the committee from RBI are Governor Urjit Patel, deputy governor R. Gandhi, who is also in charge of the monetary policy, and executive director Michael Patra. The RBI governor will have a casting vote in case of a tie. Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to IDFC Decrease in price was seen in AXIS BANK.

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L&T Technology Services Debuted, Stock Market Moving towards losses

Indian Stock Market opened flat today amid weak global cues. Global Axles, the rear axle shaft manufacturer will debut in the stock market on 26th September and price for its stock is fixed as Rs 207 per share. L&T Technology Services has made the stock debut today with RS 860 as its issue price. Sensex is live at 28749 with 24 points and Nifty has lost 6 points to 8860. Currently, Rupee is trading down by 5 paise at 66.71 against US Dollar. Midcap sectors are still trading in the positive zone. BSE Midcap is 51 points up to 13346 while Nifty Midcap is up 53 points to 15692 and BSE Small cap has hiked 54 points yet to 13003.

Commodity market is moving into the negative zone with some major and minor losses. MCX Gold has lost 101 points to 31231 and Silver dropped 400 points or 0.84 percent to 47168. Crude Oil dropped 33 points down to 3068.

In Asian Market, global indices are trading with minor losses. Nikkei dropped 42 points to 16765, Hang Seng lost 18 points to 23740 and Shanghai Composite is just 5 points down to 3036.

IOC strengthens on plan to pick 38% stake in Rs 5,000 crore Dhamra LNG project in Odisha

 IOC and GAIL (India) will exercise their right to jointly acquire 49% stake in Adani Group’s Rs 5,000 crore Dhamra LNG project in Odisha. While, IOC will take a 38% stake, GAIL will pick up 11% stake in the proposed 5 million tonne per annum liquefied natural gas import terminal in Dharma, being set up by Adani Petroleum Terminal (APTPL). APTPL will also hold a 49% stake in the project and remaining 2% will be held by financial institutions.

The Sensex and the Nifty Highest Closing levels Week @ Market Live Updates

Key benchmark indices settled with small gains in a lacklustre trading session. The barometer index, the S&P BSE Sensex, rose 35.47 points or 0.12% to settle at 28,634.50. The gains for the Nifty 50 index were higher than those for the Sensex in percentage terms. The Nifty rose 28.55 points or 0.33% to settle at 8,808.40. Key indices gained for fourth day in a row. The Sensex and the Nifty, both, attained their highest closing levels in more than a week.

In overseas stock markets, European shares edged higher led by gains in banking and energy shares. Asian stocks rose with sentiment driven by a rebound in oil prices while traders were also keeping an eye on crucial monetary policy decisions due from the US and Japan later this week. Japan stock market remained closed for a holiday. US stocks registered modest losses on Friday, 16 September 2016, with financials and energy shares lagging. The US Federal Reserve policy makers begin their two-day policy meeting tomorrow, 20 September 2016. The Fed is expected to keep its benchmark interest rate unchanged in the wake of recent downbeat US economic indicators. The Fed left the target rang In overseas stock markets, European shares edged higher led by gains in banking and energy shares. Asian stocks rose with sentiment driven by a rebound in oil prices while traders were also keeping an eye on crucial monetary policy decisions due from the US and Japan later this week. Japan stock market remained closed for a holiday. US stocks registered modest losses on Friday, 16 September 2016, with financials and energy shares lagging. The US Federal Reserve policy makers begin their two-day policy meeting tomorrow, 20 September 2016. The Fed is expected to keep its benchmark interest rate unchanged in the wake of recent downbeat US economic indicators. The Fed left the target range for its federal funds rate unchanged at 0.25% to 0.5% for the fifth time during its July 2016 meeting.e for its federal funds rate unchanged at 0.25% to 0.5% for the fifth time during its July 2016 meeting.

 Highest OI increase w.r.t to increase in price was seen in and Highest OI increase w.r.t to IBREALEST Decrease in price was seen in CASTROLIND.

Stock Market Rises More Than 1 Percent - Updates By Money Maker Research

Indian stock market rose over 1 percent on Friday in the noon session, heading for their third straight session of gains, in line with Asian markets as lackluster U.S. retail sales data reduced already low chances of an interest rate hike by the Federal Reserve next week. Sensex has hiked 295 points yet and Nifty has rise 79 points to 8822. Currently Rupee is trading higher by 13 paise at 66.89 against US Dollar. Till yet 1571 shares have advanced, 996 shares declined and 184 shares remained unchanged. Midcap sectors are showing average movements. BSE Small Cap has hiked 53 points to 12799, while BSE Midcap drifted up 30 points to 13122.

Commodity Market is slipping down in today's session. In Bullion Market, MCX Gold dropped 52 points to 30858 and Silver dropped 141 points to 45497. Crude Oil fell 40 points down ahead weak global cues.

Asian Market Update: Nikkei has hiked 114 points to 16519, Hang Seng hiked 144 points to 23335 and China's index Shanghai Composite dropped 20 points to 3002.

Sensex Nifty Slumped, Commodity Market on Flat Note

Sensex and Nifty opened on a flat note on Friday morning. Sensex has lost 196 points at 28848 and Nifty has lost 64 points yet. Commodity market is also showing average movements today. MCX Gold has dropped 6 points to 31197 while Silver dropped 18 points to 46696. In energy sector, Crude oil dropped 21 points to 3143 and Natural gas hiked 1.20 points to 187.30. Midcap sectors are trading down today. BSE Smallcap dropped 49 points to 12873, BSE Midcap dropped 92 points to 13386 and Nifty Midcap dropped 74 points to 15671. BSE Auto sector dropped 267 points to 22919, BSE BANKEX dropped 301 points to 23184 and Bank Nifty lost 243 points to 20173. Currently, Rupee is trading lower by 13 paise at 66.55. Till yet 890 shares have advanced, 1422 shares have declined and 146 shares are unchanged.

Asian Market Updates: Japan's benchmark index Nikkei trading at 16965 with minor hike of 7 points, Hong Kong's benchmark index has a major hike of 336 points at 24255 and China's Shanghai Composite has dropped 2 points to 3093.

Precious Metals Global report by Moneymaker Research

Gold recovered from lows near $1300 per ounce, riding on excellent buying after the keenly eyed US Nonfarm payrolls data witnessed a soft performance. The metal moved up from near two and half month lows and a quick rebound post nonfarm took the commodity near $1330 per ounce. MCX Gold futures also managed to recover from lows near Rs 30500 per 10 grams and edged up towards Rs 31K. Local futures have been witnessing a corrective movement after hitting highs above Rs 32300 per 10 grams in July this year. However, a good monsoon is likely to trigger some buying in retail markets in coming festive season.

The US Nonfarm payrolls rose by 151000 in August, slowing sharply from recent figures and pushing an expected increase in US interest rates toward the end of the year. The unemployment rate was unchanged at 4.9% though. Average hourly wages rose 0.1% to $25.73. Hourly pay increased 2.4% from August 2015 to August 2016. Total employment gains for July and June, meanwhile, were barely changed. The government said 275,000 new jobs were created in July instead of 255,000.

Gold speculator and large futures traders added sharply to their gold bullish positions last week after trimming them for two weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Comex gold futures, traded by large speculators and hedge funds, totaled a net position of +294609 contracts in the data reported through August 23th. This was a weekly change of 10758 contracts from the previous week’s total of +283851 net contracts that was registered on August 16th. The spec position is still highly bullish and within approximately 20,000 contracts of the year’s high point of +315,963 contracts. The current levels are the highest in nearly two months.

Stock And Commodity Market moving High - Updates By Money Maker Research

Equity benchmarks opened higher in today's trading session. Currently, indices are moving in the positive zone with average gains. Sensex has gained 56 points at 28479 and Nifty hiked 8 points to 8783. Maximum Indian sectors are trading with positive leads including the midcap sectors. BSE Auto sector is leading the region with 176 points hike to 22262, BSE Bankex gained 96 points to 22774 and Bank Nifty live at 19863 with 75 points up. Indian currency Rupee is stable on 66.85 with strength of 10 paise against US Dollar. 

MCX and NCDEX markets are moving higher in the positive direction. In Bullion Market Gold has hiked 9 points to 30781 while Silver stocks jumped 185 points to 44483. Rmseed lift up 36 points to 4704, Soyabean hiked 39 points to 3318 and Cocudakl is up 13 points to 2707.

Asian Market Updates: Asian Market indices are trading marginally lower in the positive zone today. Nikkei dropped 16 points to 16910, Hang Seng gained 91 points to 23254 and Shanghai Composite with minor loss of 7 points dropped to 3056.