Research Infotech Update - Wall Street Slips After Soft GDP Data

US Stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. US economic growth slowed more than expected in the fourth quarter, with GDP rising at a 1.9 percent annual rate, below the 2.2 percent rise expected by economists and the 3.5 percent growth pace logged in the third quarter. Chevron fell 2.4 percent to USD 113.79 after its quarterly profit fell short of analysts' expectations. The stock was the biggest drag on the S&P 500 and the Dow Jones Industrial Average indexes. The S&P energy index , down 0.9 percent, was the worst performing of the 11 major S&P sectors.
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Sensex, Nifty maintain morning gains; Ajanta Pharma most active

Benchmark indices retained morning gains with the Nifty holding 8400 level ahead of expiry of January derivative contracts tomorrow and Union Budget that will be presented on February 1.

The 30-share BSE Sensex gained 128.68 points at 27246.02 and the 50-share NSE Nifty rose 45.30 points to 8436.80. The broader markets also gained half a percent on positive breadth.

About 1411 shares advanced against 925 declining shares on the exchange.

HCL Technologies was also in active stock list, down over a percent after reporting in line earnings and maintaining FY17 revenue guidance.

ICICI Bank, Yes Bank and Tata Communications were other most active shares.

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Research Infotech Morning Update : Nifty Above 8400, Sensex Firm; HCL Tech falls 2%, Bharti Down

The Market has opened flat with the Nifty above 8400. The 50-share is up 23.65 points or 0.3 percent at 8415.15 while the Sensex is up 73.91 points or 0.3 percent at 27191.25. GAIL, Adani Ports, HDFC Bank, L&T and SBI are top gainers while Bharti, HUL, Infosys, Asian Painrs and Wipro are losers in the Sensex. HCL Technologies is down 2 percent after it posted Q3 results. While retaining FY17 constant currency dollar revenue growth guidance at 12-14 percent, HCL Technologies said its third quarter profit grew by 2.3 percent sequentially to Rs 2,062 crore.
Rupee revenue during the quarter increased 2.6 percent quarter-on-quarter to Rs 11,814 crore and dollar revenue rose 1.3 percent to USD 1,745 million. The IT services provider expects its full year dollar revenue guidance at 10-12 percent while maintaining EBIT margin guidance of 19.5-20.5 percent.

The Indian rupee has opened higher by 12 paise at 68.08 per dollar on Tuesday against previous day's closing of 68.20 per dollar.More Information visit : www.researchinfotech.in and call : 8982890444

Sensex sinks over 250 pts, Nifty breaks 8350; ICICI, Axis drag

Benchmark indices extended losses in afternoon trade with the Nifty breaching 8350 ahead of inauguration speech of Donald Trump as US president later today, dragged by banks, technology and infra stocks.

The 30-share BSE Sensex was down 274.25 points or 1 percent at 27034.35 and the 50-share NSE Nifty plunged 84.35 points or 1 percent to 8350.75. The market breadth was negative as about two shares declined for every share rising on the BSE.

Axis Bank crashed nearly 7 percent after disappointing earnings in Q3, followed by ICICI Bank, L&T, Infosys, Adani Ports, SBI, Tata Motors and ONGC with 1-2 percent loss.

Adani Power was biggest midcap loser, down 11 percent after reporting huge loss of Rs 325.3 crore on weak operational performance and higher finance cost.

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Research Infotech Morning Bell - Sensex, Nifty Open Lower; Axis slips 5% on Q3

 The Market has opened cautiously lower head of US President-Elect Donald Trump’s inauguration later in the day.  The Sensex is down 106.48 points or 0.4 percent at 27202.12, and the Nifty down 27 points or 0.3 percent at 8408.10. About 359 shares have advanced, 418 shares declined, and 153 shares are unchanged. 

Asian markets slipped in morning trade as risk sentiment soured ahead of Trump’s event. The Nikkei and Hang Seng slipped 0.14 percent and 0.72 percent, respectively. Investors now await key data from China as it is set to announce its GDP, retail sales as well as industrial production figures on Friday. The US markets closed lower, with real estate falling around 1 percent, as investors eagerly awaited Trump's inauguration. The Dow Jones closed about 70 points lower, with Goldman Sachs contributing the most losses. The index also recorded a five-day losing streak. The S&P 500 and Nasdaq too lost 0.36 percent and 0.28 percent, respectively. 
Axis Bank, ICICI Bank, Tata Motors, Coal India and Asian Paints are top losers in the Sensex while GAIL, Cipla, SBI, Bharti and L&T are gainers. 
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Nifty hovers around 8400, Sensex firm; NTPC, Power Grid Surge

Benchmark indices maintained uptrend amid volatility in noon trade but broader markets continued to underperform. Banks, infra and select technology stocks gained while the selling continued in FMCG, healthcare and HDFC group stocks.

The 30-share BSE Sensex rose 81.40 points to 27221.81 and the 50-share NSE Nifty gained 19.10 points at 8399.75. The market breadth was negative as about 1332 shares declined against 1069 advancing shares on the BSE.

Power stocks were in limelight today. NTPC, Power Grid Corporation and Tata Power gained 3-4 percent.

L&T and Infosys were leading contributors to Sensex’s gains, up 2 percent each whereas ITC, HDFC, Sun Pharma, Lupin, Dr Reddy’s Labs, HUL and TCS were under pressure.

Asian Market Updates : 

Sensex

Price : 27,224.76 Today's change : +84.35 (0.31%) Open : 27,171.70 Close : 27,140.40

Nikkei

Price : 19,454.33 Today's change : -66.36 (-0.34%) Open : 19,393.60 Prev Close : 19,520.70

Hang Seng

Price : 22,802.38 Today's change : -132.97 (-0.58%) Open : 22,956.40 Prev Close : 22,935.30

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Research Infotech - Clossing Bell | Call : 8982890444

The Sensex  Ended up 173.01 points or 0.6 percent at 26899.56 and the Nifty was up 52.55 points or 0.6 percent at 8288.60. About 1655 shares have advanced, 1142 shares declined, and 372 shares are unchanged.  

Top Gainer : 
                       TATAMOTORS +3.55%
                       ADANI PORTS +3.23%
                       TATA STEEL+2.35%
                       ASIAN PAINTS+1.64% 
                       HDFC BANK+1.72%





Top Loser : 

         AXIS BANK-1.09%  

         GRASIM-0.95%
         ACC-0.79%    
         DRREDDY-0.59%
         CIPLA-0.52%

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Sensex, Nifty maintain momentum | Bharti, Sun Pharma Drag

The Market is still gaining with the Sensex up 101.77 points or 0.4 percent at 26828.32. The Nifty is up 27.75 points or 0.3 percent at 8263.80. About 1471 shares have advanced, 818 shares declined, and 367 shares are unchanged.

Tata Motors, Tata Steel, GAIL, Asian Paints and BHEL are top gainers while Axis Bank, Hero MotoCorp, Bahrti, Sun Pharma and Dr Reddy’s are losers in the Sensex.

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Research Infotech Update : - EPFO Makes Aadhaar Mandatory

EPFO makes Aadhaar mandatory for its pensioners, members
 
Retirement fund body EPFO has made it mandatory for its about 50 lakh pensioners and around four crore subscribers to provide either Aadhaar or a proof that they have applied for it till month-end to remain the beneficiary of its social security schemes. 
At present it is the correct position that the pensioners as well as members would have to provide Aadhaar or enrolment slips by January 31, 2017, to continue services provided by the EPFO," Employees' Provide Fund Organisation's Central Provident Fund Commissioner V P Joy told PTI.

Global investors all ears as Trump set to break silence

US and Chinese data and an expected news conference by US President-elect Donald Trump in the coming week may shed some light on the state of the world's two biggest economies - and the outlook for relations between them.

Boosted by Apple, Wall Street parties like it's 19,999

The Dow came within one point of 20,000 for the first time on Friday and the Nasdaq and S&P 500 reached record highs, boosted by Apple, extending a two-month rally fuelled by optimism about US President-elect Donald Trump.
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Research Infotech Morning Update

MORNING MARKET UPDATES 5^th January’17 By #Research Infotech

■■ The #BSE #SENSEX OPEN @ 26738.42(+105.29)

■■ The #NSE #NIFTY OPEN @ 8226.65 (+36.15)

■■ #BANKNIFTY OPEN @ 18000.75(+109.75)

For Real Time News & Trading Trends Keep Liking Research Infotech

Research Infotech : - Sensex Nifty Open Flat | Call : 8982890444

The Market has opened flat. The Sensex is up 2.73 points at 26645.97 and the Nifty is up 9.15 points or 0.1 percent at 8201.40. About 656 shares have advanced, 186 shares declined, and 595 shares are unchanged. 
Tata Motors, Infosys, Coal India, L&T and Maruti are Top Gainers while HDFC twins, Bharti, ITC and Lupin are losers in the Sensex.
"The Indian rupee opened marginally higher at 68.29 per dollar versus previous close 68.33." 
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Research Infotech Update : - Sensex recovers, Nifty inches towards 8200

Benchmark indices recouped early losses with the Nifty inching towards 8200 level after consolidation. Banks stocks rebounded while pharma stocks gained strength. Positive Asian cues also aided the market sentiment. The 30-share BSE Sensex was down 5.97 points at 26589.48 and the 50-share NSE Nifty gained 3.05 points at 8182.55 while the broader markets continued to outperform benchmarks. The BSE Midcap and Smallcap indices climbed over half a percent on positive breadth. About 1435 shares advanced against 575 declining shares on the exchange. 
Banks stocks rebounded after yesterday's weakness due to lending rate cut. ICICI Bank, Axis Bank and SBI gained 1 percent each. Index heavyweights Reliance Industries and ITC rose half a percent whereas Infosys, HDFC and L&T declined 0.6-1.7 percent.

Rupee opens at 68.13 per dollar; up 9 paise - 

The Indian rupee gained in the early trade on Tuesday. It has opened higher by 9 paise at 68.13 per dollar versus previous close 68.22.

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Sensex recovers, Nifty reclaims 8200; auto stocks shine, RIL up

Benchmark indices remained flat after recovery from day's low. The Sensex was down 19.62 points at 26606.84 and the Nifty declined 1 point to 8184.80. About 1816 shares advanced against 804 declining shares on the BSE. 
Benchmark indices recouped losses in afternoon trade with the Nifty reclaiming 8200, driven by auto and pharma stocks. The 30-share BSE Sensex was up 28.71 points at 26655.17 and the 50-share NSE Nifty gained 13.45 points at 8199.25. About 1800 shares advanced against 778 declining shares on the BSE. Nifty Auto index gained nearly 2 percent as analysts do not expect major impact of demonetisation on earnings, especially after considering December auto sales. 

Tata Motors, Mahindra & Mahindra and Maruti Suzuki gained 2-3.5 percent. Tata Steel climbed nearly 4 percent followed by Adani Ports while HDFC and SBI retained top position in the selling list, down 3.5 percent and 2 percent, respectively.
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