Sensex trades flat, Nifty above 8,400; broader markets outshines

The Sensex and Nifty were trading flat in the afternoon trade ahead of GST meeting today. Market witnessed bargain track and short-covering amid lack of direction, although concern gripped ahead of key index heavyweights RIL third quarter results to be announced later in the day. At 1:15 pm, the BSE Sensex was trading at 27,292, up 54 points (+0.20%) while the broader Nifty50 was ruling at 8,412, up 13 points (+0.15%). The Asian market’s negative trade capped gains. The WPI -based inflation data, which rose 3.39% YoY in December, also affected the sentiment.  In the broader market, the BSE Mi...
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Currency Outlook, Market Snapshots, Stock Market Trading Tips

The Indian rupee strengthened for the second session against the US dollar on 5 January 2017, under expectation that the government may pull off its fiscal deficit target after finance minister Arun Jaitley said the tax collection will go beyond budget estimates. However, the rupee closed at 67.96 per dollar, up 0.12 percent from its preceding close of 68.05. Meanwhile, the Euro climbed against US Dollar same day afternoon in spite of strong and US eco-stats publishing throughout the day. The Euro was able to become stronger throughout the day to some extent due to weakness in its rivals, plu...
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Nifty call: The Nifty contract started to turn volatile, Stock Market Trading Tips

Nifty, after recording an intra-day high at 8,223, the contract started to experience selling pressure and turned volatile. Nifty fell below the immediate support level of 8,200 and marked an intraday low at 8,187 levels. The Nifty-50 index is also volatile, moving sideways the advances/declines ratio is a little biased towards advances. The Nifty-50 futures contract opened the day with a gap up at 8,790. Nifty Index is professionally managed and it can be regarded as a barometer of Indian Economy. A strong rally beyond 8,220 will reinforce the bullish drive and push the contract higher to 8...
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Strong Market breadth: Stock Market Updates – India and Overseas

Along with sustained buying demand, the key benchmark indices showed gains and hit fresh intraday high in evening trade. At 3:00 PM, the BSE Sensex is trading at 26,226 up 420 points, while NSE Nifty is trading at 8,926 up 118 points. The BSE Mid-cap Index is trading up 1.65% at 16,996, whereas BSE Small-cap Index is trading up 1.49% at 11,721. Some buying is visible in media, pharma, IT and financial services sectors, whereas realty sector is witnessing weakness on NSE. The INDIA Volatile Index is down 7.36 percent at 15.3800. In the midst, Finance Minister Arun Jaitley has said that tax pa...
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