Market settles with modest gains amid volatility, Nifty ends at 10,070

Trading for the weekend finished on a positive note with the indices settling with modest gains after a volatile and range bound session of trade. The BSE Sensex gained 87.53 points or 0.27% at 32,325.41, while the NSE Nifty index rose 52.75 points or 0.53% at 10,066.40.  Caution continued in global stocks ahead of US nonfarm payroll data for July, which falls presentation later in the global day.
The BSE MidCap rose 0.66 percent outperforming the Sensex, whereas the BSE SmallCap index gained 0.1 percent, underperforming the Sensex.  About 1385 shares declined and 1,200 shares advanced and a total of 173 shares were unchanged on BSE.
Buzzing stocks are - IOC surged 9%, overtaking ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and Bharti Airtel.  Mahindra & Mahindra declined 0.2 percent after its net profit fell 9 percent to Rs 859 crore on 3.74 percent rise in gross revenue to Rs 23,212 crore in first quarter June 2017 y-o-y.

Equity Market Updates @ Advices by Expert

After a consolidation, market closed marginally higher on Wednesday as traders remained cautious ahead of expiry of July derivative contracts & the outcome of Federal Reserve's two-day meeting. The Sensex rallied more than 200 points in morning trade on hopes of stimulus measures by Bank of Japan but turned volatile in afternoon trade, especially after correction in China's Shanghai on fears of regulatory changes. The Sensex was up 47.81 points at 28024.33 and the Nifty gained 25.15 points at 8615.80 .

Market participant will await US Fed comments for clues on policy direction on interest rates. The Fed has kept the benchmark fed funds rate unchanged after raising it for the first time in nearly a decade in December 2015.

Advices

Buy ADFFOODS above 116 targets 119 Stop Loss 114.

Sell BALPHARMA below 97 targets 94 stop loss 99