Nifty Reclaims 8150, Sensex Climbs Over 150 pts. | Research Infotech

The Market manages to climb as the Sensex is up 171.12 points or 0.6 percent at 26537.27. The Nifty is up 52.20 points or 0.6 percent at 8155.80. About 1202 shares have advanced, 271 shares declined, and 53 shares are unchanged.

The market has kick-started January Futures and Options (F&O) series on a flat note. The Sensex is up 54.61 points or 0.2 percent at 26420.76 and the Nifty is up 16.05 points or 0.2 percent at 8119.65. About 215 shares have advanced, 50 shares declined, and 19 shares are unchanged. Investors will be keenly watching for any government announcement as Prime Minister Narendra Modi's 50-day demonetisation deadline draws to a close today. 

" The Indian rupee gained in the early trade. It has opened higher by 15 paise at 67.95 per dollar versus 68.10 Thursday. "

ICICI Bank, ITC, Asian Paints, Maruti and Sun Pharma are top gainers while Bharti Airtel, Coal India and Bajaj Auto are losers in the Sensex,

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Nifty eyes 8100, Sensex gains | Nifty tepid | L&T, Sun Pharma

The market is picking pace as the Sensex is up 97.28 points or 0.4 percent at 26307.96. The Nifty is up 35 points or 0.4 percent at 8069.85. About 1514 shares have advanced, 908 shares declined, and 150 shares are unchanged. TCS, Wipro, Tata Steel, HDFC and Maruti are top gainers while Adani Ports, L&T, Sun Pharma, ITC and SBI are losers in the Sensex. More Info visit : www.researchinfotech.in and call : 8982890444 

Nifty Hits 8050, Sensex Opens Firm Infosys, Maruti Gainers | Call : 8982890444

The market has opened ranged on Wednesday. The Sensex is up 76.01 points or 0.3 percent at 26289.45, and the Nifty up 23.05 points or 0.3 percent at 8055.90. About 643 shares have advanced, 178 shares declined, and 43 shares are unchanged.
Maruti, Wipro, Infosys, Maruti and Dr Reddy's are gainers while ONGC, Hero MotoCorp, Asian Paints, Bharti and L&T are losers in the Sensex.
"The Indian rupee opened marginally lower at 68.10 per dollar versus previous close 68.07."
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Bulls back on D-St; Sensex zooms 406 pts, Nifty ends above 8000

The Sensex was up 406.34 points or 1.6 percent at 26213.44 and the Nifty ended up 124.60 points or 1.6 percent at 8032.85. About 1679 shares advanced, 862 shares declined, and 193 shares were unchanged.
The bulls heaved a sigh of relief as Dalal Street recovered some lost ground. The Nifty recaptured 8000 while the Sensex surged up 400 points Tuesday. What could have boosted sentiments today may be market investors bullishness as  number of global fund managers say that they are buying emerging market assets for 2017 after the beating the sector has taken since the US election in November, even though credit rating agencies have a less positive outlook. 

The Indian market bounced back reacting positively as all sectoral indices closed with gains of over 1 percent. The Sensex was up 406.34 points or 1.6 percent at 26213.44 and the Nifty ended up 124.60 points or 1.6 percent at 8032.85. The Nifty Bank snapped 3-day losing streak, closing with gains of over 1.2 percent.

Gainers
Symbol	LTP	% chng	Volume
BOSCHLTD ITC TATASTEEL AUROPHARMA HINDALCO	20,200.00 234.50 392.70 644.35 156.30	4.56 4.22 3.31 3.18 3.17	15,170 1,56,05,810 38,94,041 18,51,141 1,07,82,163

Losers
Symbol	LTP	% chng	Volume
GAIL GRASIM INDUSINDBK KOTAKBANK -	424.40 810.30 1,059.70 710.50 -	-0.96 -0.56 -0.08 -0.08 -	18,07,494 6,17,244 11,93,147 13,37,045

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Tax woes spook market; Sensex & Nifty erase 2016 gains and Top Losers

Markets slipped in trade today erasing all the gains made so far in 2016. The Nifty is now negative for 2016 erasing all gains made so far this year and also ending at its lowest level in 2016. Midcaps got battered in trade.
As tax worries loomed large Sensex and Nifty tested their 52-week lows in intra-day trade even though Finance Minister Arun Jaitley tried to calm frayed nerves. PM Narendra Modi’s statement that those who make money from the markets are not paying their fair share in taxes made investors nervous. Markets slipped in trade today erasing all the gains made so far in 2016. The Nifty is now negative for 2016 erasing all gains made so far this year and also ending at its lowest level in 2016. Midcaps got battered in trade. The 50-share index ended at 7-month closing low, below Brexit day low of 7927 Monday. The Nifty ended lower in 12 of 18 sessions this month, most since March 2015. The Sensex and Nifty erased 2016 gains with the Sensex now down over 1 percent while Nifty is down 0.5 percent for the year. The Nifty ended down 72.55 points or 0.9 percent at 7913.20 while the Sensex was down 220.60 points or 0.8 percent at 25820.10.

Losers : 

HINDALCO CIPLA AUROPHARMA BANKBARODA LUPIN

151.30 555.30 623.25 147.75 1,399.05

-5.02 -4.64 -3.75 -3.43 -3.23

1,02,29,442 21,06,357 27,18,624 61,51,900 8,77,985

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Nifty breaks 7950, Sensex weak; Axis, SBI, Cipla losers

The market has opened weak. After initial hiccups, the Nifty slipped below 7950. The 50-share index is down 39.05 points or 0.5 percent. The Sensex is down 117.85 points or 0.4 percent at 25922.85. About 246 shares have advanced, 572 shares declined, and 46 shares are unchanged. Axis Bank, Adani Ports, Cipla, SBI and HDFC are losers in the Sensex. The Indian rupee opened flat at 67.82 per dollar on Monday versus Friday's closing 67.82. Dollar index slipped below the 103 mark. The dollar dipped against the yen, edging lower down after US treasury yields dipped on mixed economic data. Crude prices hold steady as the market waits to see how OPEC would manage its planned output cuts with Libya expecting to boost production.
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Wall Street rises, Dow racks up seventh straight weekly gain

Wall Street rises, Dow racks up seventh straight weekly gain Wall Street ended the week on a positive note on Friday as investors doubled down on a rally fuelled by optimism that President-elect Donald Trump’s policies will boost economic growth.

US markets are shut for the Christmas holiday on Monday.
After spending much of the day with a marginal loss, the Dow ended Friday 0.07 percent higher on the day, at 19,933.81 points. The S&P 500 gained 0.13 percent to 2,263.79. The Nasdaq Composite added 0.28 percent to 5,462.69.
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Sensex, Nifty lower on weak global cues; ITC, HDFC decline #ResearchInfotech

MORNING MARKET UPDATES 23rd December ’16 By #ResearchInfotech


■■ The #BSE #SENSEX OPEN @ 25959.99 (-19.61)

■■ The #NSE #NIFTY OPEN @ 7972.50 (-6.60)

■■ #BANKNIFTY OPEN @ 17849.25 (-42.20)


Bank of America Merrill Lynch has lowered its target price on the stock to Rs 750 & lower assigned P/E multiple of 20x against 21x following cut in earnings estimates. It has reduced its forecasts by 6-5 percent for FY18-19 in-line with estimates indicated earlier as it feels complete response letter to its subsidiary SPARC (Sun Pharma Advanced Research) from USFDA for Xelpros indicates likely delay in resolution for Halol plant that has been under import alert.

Equity benchmarks started off Friday's trade on a negative note amid consolidation and low volumes, weighed by weak global cues ahead of Christmas holiday. The 30-share BSE Sensex fell 30.86 points to 25948.74 and the 50-share NSE Nifty declined 8.35 points to 7970.75. ITC, HDFC, Tata Motors, M&M, Adani Ports, L&T and Maruti Suzuki were under pressure while Asian Paints, Reliance Industries, Infosys, Sun Pharma and ICICI Bank gained. The Indian rupee gained in the early trade today. It has opened higher by 6 paise at 67.93 per dollar versus 67.99 Thursday. Bhaskar Panda of HDFC Bank says festive fervour is the theme right now across the world. The dollar Index has given up some of the recent gains and is trading below 103 levels. EM currencies are still under the cloud. He expects the USD-INR to trade within the 67.80-68.10/dollar range.

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Sensex starts on a cautious note; Nifty50 slips below 8,050 level

Sensex opens lower, Nifty breaks 8050; Banks drag

The Indian rupee continued its recovery on Thursday for the second consecutive session following correction in dollar. It has opened higher by 8 paise at 67.83 per dollar against previous close of 67.91.

Equity benchmarks fell further in early trade with the Nifty breaking 8050 level, weighed by banks and weak Asian cues. The 30-share BSE Sensex was down 57.73 points at 26184.65 and the 50-share NSE Nifty declined 17.10 points to 8044.20. Sun Pharma gained more than 1 percent after the company acquired oncology product Odomzo from Novartis for global markets. It will make upfront payment of USD 175 million and additional milestone payments for the product. 

HDFC, ITC, Maruti Suzuki, ICICI Bank, Axis Bank, ONGC and Asian Paints were down 0.5-1 percent while Tata Motors, TCS, Infosys, Wipro and Tata Steel gained. The Indian rupee continued its recovery on Thursday for the second consecutive session following correction in dollar. It has opened higher by 8 paise at 67.83 per dollar against previous close of 67.91.

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Sensex opens higher, Nifty holds 8100; ITC leads, HDFC drags | Research Infotech

Equity benchmarks started off day on a flat note with positive bias Tuesday, with the Nifty holding 8100 level, supported by ITC and Infosys. HDFC, Reliance Industries, HDFC Bank, ICICI Bank and Tata Motors were under pressure.

Jefferies has a buy call on the stock with a target price of Rs 195 as earnings should rise at 16 percent CAGR between FY16-19. The company's efforts focused on raising profit from internal efficiencies & PLF (plant load factor) improvements, the brokerage house says, adding confidence remains in adding 3-5 GW in FY17 against expectation of 2 GW.

Market : 

Equity benchmarks started off day on a flat note with positive bias Tuesday, with the Nifty holding 8100 level, supported by ITC and Infosys. HDFC, Reliance Industries, HDFC Bank, ICICI Bank and Tata Motors were under pressure. The 30-share BSE Sensex was up 24.51 points at 26399.21 and the 50-share NSE Nifty rose 6.25 points to 8110.60. The Indian rupee has opened higher today at 67.86 per dollar against previous close of 67.87 a dollar. Ashutosh Raina of HDFC Bank says the dollar index continues to move higher, currently above 103 level, after the hawkish FOMC meeting and some recent geopolitical concerns. The USD-INR pair has also slid from recent highs with continuing portfolio outflows and overall dollar strength, he adds. Raina expects the pair to trade in the 67.60-68/dollar range today. 


RBI Guv did not handle demonetisation well, says Chidambaram

Hitting out at RBI Governor Urjit Patel, former Finance Minister P Chidambaram today said he was "extremely disappointed" that the central bank chief did not handle the demonetisation issue as any "independent autonomous institution should have".

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Sensex falls 100 pts, Nifty holds 8100; Laurus Labs surges 14%

Benchmark indices continued to trade lower in morning with the Sensex losing around 100 points, dragged by index heavyweights HDFC, Infosys, and HDFC Bank.

The 30-share BSE Sensex was down 90.19 points at 26399.37 and the 50-share NSE Nifty fell 22.55 points to 8116.90.

Shares of Laurus Labs, the Hyderabad-based healthcare company, started off day with premium of 14.5 percent at Rs 489.90 against issue price of Rs 428 on the National Stock Exchange. The stock touched a high of Rs 498 (up 16.35 percent over issue price) and low of Rs 475 (up 11 percent) in early trade.

HDFC and Infosys were leading contributors to Sensex’s fall, down 0.8 percent each. Tata Motors, Asian Paints, Sun Pharma and Adani Ports declined over a percent.

GAIL was the biggest gainer, up nearly 3 percent followed by ICICI Bank, Reliance Industries, ITC and Lupin.

Indian ADRs : HDFC Bank, Dr Reddy’s Labs slip, Tata Motors gains

Indian ADRs ended mostly lower on Friday.

In the IT space,

Infosys was up 0.02 percent at USD 14.90 and Wipro was down 0.01 percent at USD 9.61.

In the banking space,

ICICI Bank fell 0.16 percent at USD 7.50 and HDFC Bank dipped 1.35 percent at USD 60.81.

In the other sectors,

Tata Motors gained 0.43 percent at USD 34.59 and Dr Reddy’s Laboratories shed 0.24 percent at USD 45.68.

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16 Dec, 2016 Sensex ends 29 pts lower after choppy trade; Nifty50 below 8,150

Nifty50 forms ‘Bearish Belt Hold’; 8,050, 8,055 important supports : 

The Nifty50 broke below its crucial psychological support level at 8,150 on Friday and formed a 'Bearish Belt Hold' pattern on the daily candlestick charts for the third time this week. 

The Nifty50 opened with slight upside but failed to hold above the 8,150 level and drifted towards its intraday low of 8,127. It witnessed sustained selling pressure for most part of the session. If it stays below the 8,150 level, chances of a further decline cannot be ruled out. 

No estimation of black money either before or after Nov 8 : 

There is no official estimation of black money either before or after November 8 -- the day government announced scrapping of old Rs 500 and Rs 1,000 notes, Finance Minister Arun Jaitley said today.
There is no official estimation of the amount of black money either before or after the government's decision of November 8, 2016 declaring that bank notes of denominations of the existing series of the value of Rs 500 and Rs 1000 shall cease to be legal tender with effect from November 9," he said in a written reply in Lok Sabha.
The searches conducted by Income Tax Department between April 2014 and November 2016 on 1,356 groups of assessees led to admission of undisclosed income of Rs 31,277 crore apart from seizure of undisclosed assets worth Rs 2,164 crore, he added. Besides, 14,044 surveys conducted during the period, resulted in detection of undisclosed income of Rs 30,492 crore. 
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Sensex Flat, Nifty Breaks 8150 | Infosys, Tata Motors Gain | Call : ​0731-428-7356

The 30-share BSE Sensex was up 65.17 points at 26584.24 and the 50-share NSE Nifty rose 24.60 points to 8178.20. The BSE Midcap and Smallcap indices gained 0.3 percent each.

Infosys, HDFC, TataMotors, TCS, MarutiSuzuki and L&T advanced 0.2-1 percent.

Axis Bank gained further, up 0.5 percent after the bank has suspended 24 employees due to irregularities in exchanges and deposits of money.

Sun Pharma extended losses a bit, falling half a percent after losing over 4 percent in previous session.

Indian ADRs end lower: Infosys, HDFC Bank, Tata Motors Slip : 

Indian ADRs ended lower on Wednesday.

• In the IT space,

Infosys was down 0.13 percent at USD 14.84 and Wipro declined 0.18 percent at USD 9.44.

• In the banking space,

ICICI Bank fell 0.12 percent at USD 7.73 and HDFC Bank was dipped 1.31 percent at USD 62.33.

• In the other sectors,

Tata Motors was down 0.52 percent at USD 34.08 and Dr Reddy’s Laboratories shed 0.56 percent at USD 46.18.

F&O cues: Nifty 8300 Call adds 5.1 lakh shares in Open Interest : 

Nifty 8300 Call added 5.1 lakh shares in Open Interest (OI) on December 15

• Nifty 8400 Call added 3.8 lakh shares in OI
• Nifty 8500 Call added 2.7 lakh shares in OI
• Nifty 8600 Call added 3.5 lakh shares in OI
• Nifty 8100 Put shed 2.04 lakh shares in OI

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Sensex Nifty Open Flat | Coal India Top Loser

Sensex, Nifty open flat; Coal India drags, HUL & Axis gainers

The market has opened flat as investors are cautiously waiting for Federal Reserve decision on interest rates. The Sensex is up 5.43 points at 26703.25 and the Nifty is down 8.25 points at 8213.55. About 445 shares have advanced, 227 shares declined, and 34 shares are unchanged.

• Axis Bank, HUL, Maruti, Lupin and Sun Pharma are top gainers while Coal India,
• Tata Motors, HDFC, ONGC and ICICI Bank are losers in the Sensex. The Indian rupee opened flat at 67.54 per dollar versus previous close 67.54.    
• Asian shares creep higher ahead of Fed outcome, anxious on rate outlook.
• Sensex off to a choppy start; Nifty50 tests 8,200; Coal India top loser.

Sensex falls over 100pts, Nifty holds 8200; IT stocks skid on Trump's comment

Sensex falls over 100pts, Nifty holds 8200; IT stocks skid on Trump's comment

The market has opened weak but the Nifty is holding 8200. The 50-share index is down 36.40 points or 0.4 percent at 8225.35 and the Sensex is down 86.61 points or 0.3 percent at 26660.57. About 199 shares have advanced, 99 shares declined, and 29 shares are unchanged. IT stocks are under pressure. TCS, Infosys, Wipro are major losers in the index as US President-elect Donald Trump on Friday pledged to stop companies from abusing the visa process for foreign workers in a way that undermines the labour market for Americans. Axis Bank, Asian Paints, Wipro and HDFC Bank are losers in the Sensex. Among gainers are ONGC, SBI, Sun Pharma, Dr Reddy's and HDFC are gainers in the Sensex.

Cyclone Vardah may cross North Tamil Nadu today, NDRF on standby

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Research Infotech : - Making your money work for you | Research Advisrory

Welcome to Research Infotech, We have been known for serving our customers with atmost care and dedication. Our motto has been always aligned with "Delivering Quality Services" and "Customer Satisfaction".

We at Research Infotech are well equipped with quality sources. We aim at gathering ample resources to deliver the best possible assistance to all our clients and customers. The main motto behind Research Infotech was to create a platform where financial advisors can establish direct conversation with stock market users. Through this platform we can reach out to those who need assistance in their operations. With the help of right advice from well experienced financial advisors, finding good investments will not be a difficult task thereafter. Through this bridge the either ends are ensured in receiving the best profits.This will also reciprocate the most beneficial returns from the right stocks. We emphasize on providing results after extensive amount of research. Minutely studying the trends of the market is also the key to deliver the best results. We provide a wide variety of services to our customers that include Financial Planning, etc. We constantly work in the direction of improving the quality of services in all our departments. Unlike other counterparts present in the market, our foundation includes the best co-ordination between research, sales and the customer support team.

With the ever changing trends and financial ratios in the market, our advisors constantly keep themselves updated so that they can provide the best tips and services to all our customers. So now whenever you have any queries regarding any operations related to stock markets, Research Infotech is there to provide you with the best of tips and guidance in all the departments.

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