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.

Trading Tips

@ Buy Tata Global Future above 144 targets 147.50, 149.00, 150.50 Stop Loss 142.15.

 @ Buy Hind Zinc Future above 229.50 targets 231.50, 233.50, 235.50 stop loss 226.45

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.