Sensex Nifty Pace up, Commodity Market Down

On the last trading session of this week, stock market opened in red today also, however managing to drift up and trade positive, Market changing bearish to bullish. Sensex live at 26969 hike 205 points and Nifty live at 8,254 points or 0.62 percent. Maximum sectors are trading positive except few sectors like FMCG, IT, TECK and Consumer Durables. Companies like BHEL, Lupin, Adani ports, Yes bank are trading high and maintaining the position in the list of top gainers while Companies like Tata Motors, HDFC Bank, Bharti Airtel are trading low. Asian Market is trading negative as well. Nikkei live at 16,538 dropped 130 points. Hang Seng is trading negative 144 points to 21152 points. Commodity market is also trading down. Gold prices dropped 103 to Rs 29,834 per ten grams while Silver dropped 149 to Rs 40,760 per kg. Crude Oil prices dropped Rs 20 to Rs 3,353, Natural gas live at Rs 173 or -0.69 percent.

Sensex Nifty Flat, Mcx Ncdex Commodity Market Rising

On the First Trading Session of this week, Indian Rupee opened with the hike of 31 paise and became 66.95 against the US Dollar. While Indian Stock Market opened quietly low then expectation. Sensex and Nifty are trading down with the loss of 0.1%. Currently, Sensex Live at 26812 with the loss of 30.91 points and Nifty Live at 8212.35 with the loss of 8.45 points. Few sectors like Fmcg, Capital Goods, Bankex and Bank Nifty are still trading with positive points, while others have loss. In Asian Market, Japan's Index Nikkei and China's Index Shanghai Composite are having losses, while all other Asian Indices are trading in green zone. In Commodity Market, almost all the commodities have gained positive leads. In Mcx Commodity Market, Gold is trading at 29395 with the hike of 8 points, Silver is trading at 39210 with the hike of 131 points and Crude Oil is trading at 3283 with the hike of 30 points.  

Late selling drags Sensex to close RED, Nifty up

Yesterday, the Late selling in SENSEX drag to Close flat, NIFTY was up by 6%. The market hit fresh 7-month high intraday Friday with the Sensex reclaiming 27000 and Nifty 8250 levels.

 The Nifty rose 64.15 points or 0.79% to settle at 8,220.80.Growth in India's gross domestic product accelerated to 7.9% in Q4 March 2016 compared with a revised reading of a growth of 7.2% in Q3 December 2015.

The major event next week is a monetary policy review from the Reserve Bank of India (RBI). The RBI will announce the Second Bi-monthly Monetary Policy Statement, 2016-17 at 11.00 IST on Tuesday, 7 June 2016.  

Nifty Directional: - Buy Nifty Future above 8290 Target 8340, 8390Stop Loss 8190.