Stock Market continued their winning streak for the fourth straight session

 Markets continued their winning streak for the fourth straight session with the Nifty ending at a fresh record closing high. The Sensex ended 117 points higher at 26,560 and the Nifty gained 31 points to end at 7,936.The cabinet committee members will be meeting in evening today, which also drove the market higher. 

Report suggested that the cabinet may clear divestment of government’s 5 percent stake in ONGC via offer for sale (OFS) and may approve coal supply linkages to power plants. The euro is cracking under pressure on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven years. The rupee weakened against the US dollar and was closed at Rs 60.43. Dollar index, a basket of currencies traded against the greenback, hit 13- month high. 

United Sprits out of the Nifty Index and Other Also Now @ Updates by Moneymaker Advisory

United Spirits is a big setback. NSE Nifty and other index of United Spirits is made ​​out of. Indeed listing because of violations of United Spirits have been out of Google. The United Spirits to date fiscal 2014 fourth quarter and fiscal year 2015 first quarter results are not issued. United Spirits audited balance sheet for the financial year 2014 has not even released.

The reason behind the delay in results being reported that United Spirits do not have any details of income of Rs 590 crore.1351 crore Ubiacel met with unse- cured loan is also not aware of. So auditor balance sheet of United Spirits have started crawling.

Now Zee Entertainment Management from September 19. United Spirits will replace. MphasiS and live entertainment with the 19 September and will be out of Junior. The Junior from September 19. will include Aurobindo Pharma and Motherson Sumi.

Commodity NCDEX Turmeric bearish, likely to trade down in near term

 Over all trend for turmeric NCDEX with in september future delivery is looking negative and likely to trade down in near term as well. Support is seen at 6440 and other hand 6719 resistance for long term.Turmeric dipped 0.7% to Rs 6448 per quintal at 11.30hrs.

The demand for yellow spice in the spot market is low due to absence of buying activity. Around 80% of the supplies coming to market contain inferior variety, hurting the trade activity. The prices are also driven by huge carry-over stocks and higher acreage in Telangana.