Nifty-50 tests 7,450; Kitex Garments falls 3% 27 Jan, 2016

Market update : Today, the S&P BSE gains after rallying over 100 points in morning trade. Click Here For Options tips .The fell down in the index was led by losses in L&T, Coal India, ITC,  HDFC Bank and State Bank of India.

The Nifty-50 too came into pressure and but was still trading above its critical support level of 7400, supported by gains in power, consumer durable, and Pharma stocks.

Shares of companies like - Tata Motors went high around 2 per-cent while that of Sun Pharma earned 1 per-cent in early trading. In the meantime, Kitex Garments slipped 3 per-cent.

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Sensex ends 145 pts down, Nifty at 7,786

Market update Sensex is at 25,582.82, went down 153 pts; Nifty-50: 7,781.10, up 5 pts.


Top gainers till now:- SUN PHARMA (1.0%), AXIS BANK (0.9%), BHARTI AIRTEL (0.7%), ICICI BANK (0.5%), NTPC (0.4%). Top losers till now:- INFOSYS (1.8%), ITC (1.8%), M&M (1.5%), TCS (1.3%), ADANI PORTS(1.1%),
SEZ (1.1%).

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Nifty -50 below 7,750; Sun Pharma sinks 7% 21 Dec, 2015

The 30-share index regained some of the morning losses, but still trading at 25,480, down 40 pts or 0.15 per-cent. It attained a high of 25,487.91 and a low of 25,413.54 in morning trade.

The Nifty-50 was at 7,755 down 7 pts or 0.10 per-cent. It reached a high of 7,758.50 and a low of 7,733.45 in the first 30 mins of trade.

The S&P BSE Midcap Index went up 0.36 per-cent and BSE S&P Smallcap Index was trading 0.23 per-cent higher.

Hindalco (up 1.2 per-cent), Tata Motors (up 0.95 per-cent), Lupin (up 1 per-cent), and HDFC (up 0.82 per-cent) were among the major Sensex gainers.

Sun Pharma (down 6 per-cent), Infosys (down 1.01 per-cent), Wipro (down 0.78 per-cent), HUL (down 0.42 per cent), and TCS (down 0.25 per-cent) were among the major Sensex losers.

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Market Update : Stocks have upside

 

Stocks of Roads and highways sector have been witnessing a dream run in an otherwise lackluster market, with some of them earning up to 80 per-cent so far current year.

Powerfull support of govt. to the stalled projects, deferment of premium payment to the government, relaxation of the exit clause for investors & observers and modification of the model concession agreement (MCA) have improved the overview for the highways & roads developers.

This stocks have also witnessed increased interest from FIIs. Data with NSDL showed FII exposure to the roads and highways sector has climbed to Rs 2,902 cr of Oct 15 from Rs 2,622 cr at the end of 2014.

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OMG ! Federal Increase rate by 25 bps 17 Dec, 2015

 

FOMC -  Closing months of speculation, observation and for the 1st time in the decade, the US Fed Reserve's rate-setting Fed Open Market Committee (FOMC) increased its Fed Funds Rate by 25 basis pts from the 0-0.25 per-cent range to a target of 0.25-0.5 per-cent.

The historical shift, anticipated for over a year, marks the exit of the zero interest rate policy, which had been into place in the wake of the financial crisis of 2008 year. The result comes on the back of some particularly powerfull macroeconomic data emerging out biggest economy of the world:given the backdrop of slow growth world wide, which is showing in the current commodity slump, the worst since the 2008 crisis.

Experts, moreover, say that more than today's rate increase, the Fed's monetary policy course through the next year will be more important -- in that, how many, if any, further rate hikes can be estimated in 2016.

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