Showing posts with label commodity market tips. Show all posts
INDIAN BENCHMARKS ends August series with modest gains
By : Simran Shah
INDIAN EQUITY
BENCHMARKS ended with amid volatility as monthly derivative contracts
expired today and investors eyed GDP April-June quarter data scheduled
for release tomorrow.
• Shares in NHPC Ltd surged as much as 6.4 per cent as Traders focus could shift to hydro power as an alternative to coal in electricity generation.
• Further, SKS Microfinance Ltd's shares rose 2.2 percent after Morgan Stanley initiated coverage with an overweight rating saying India's microfinance industry has $90 billion demand potential.
The crucial resistance for Nifty is now seen at 7970 and above this 8010. Support for the immediate term is now placed at 7940 and next support will be 7910.
• Shares in NHPC Ltd surged as much as 6.4 per cent as Traders focus could shift to hydro power as an alternative to coal in electricity generation.
• Further, SKS Microfinance Ltd's shares rose 2.2 percent after Morgan Stanley initiated coverage with an overweight rating saying India's microfinance industry has $90 billion demand potential.
The crucial resistance for Nifty is now seen at 7970 and above this 8010. Support for the immediate term is now placed at 7940 and next support will be 7910.
MORNING MAIL 28 August 2014
By : Simran Shah
INDIAN BENCHMARK open marginally higher amid firm global cues. Further,
markets are likely to remain volatile in the latter half of the trading session
with expiry of August derivative contracts today.
FURTHER, Piramal Enterprises is
rejigging its research and development activities with a focus on molecules
that are at an advanced stage of development. DLF will continue to be under
pressure after the Supreme Court on Wednesday directed DLF to deposit Rs 630
crore in the registry within three months.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Wednesday while the
DIIs were net sellers of Rs. 236cr, as per the provisional figures
released by the NSE.
INDIAN BENCHMARKS mark record closing high ahead of F&O expiry
By : Simran Shah
INDIAN EQUITY BENCHMARKS ended
with gains for the second consecutive trading session ahead of the
F&O expiry tomorrow. Sentiment was on the positive side as the
ongoing geopolitical tension in Israel, which was a major cause for
concern seems to be finally ending as Hamas and Israel agreed to an
open-ended cease-fire.
• DLF fell 4.6 percent on Supreme Court order asking company to pay Rs 630 crore fine within three months.
• Further, HDFC Bank declined 0.7 percent on the matter related to increase in FII investment limit may not be taken up by Foreign Investment Promotion Board in its meeting scheduled on August 29.
The crucial resistance for Nifty is now seen at 7945 and above this 7970. Support for the immediate term is now placed at 7915 and next support will be 7860.
• DLF fell 4.6 percent on Supreme Court order asking company to pay Rs 630 crore fine within three months.
• Further, HDFC Bank declined 0.7 percent on the matter related to increase in FII investment limit may not be taken up by Foreign Investment Promotion Board in its meeting scheduled on August 29.
The crucial resistance for Nifty is now seen at 7945 and above this 7970. Support for the immediate term is now placed at 7915 and next support will be 7860.
