MARKET WRAP: Sensex ends 40 pts up, Nifty at 10,787 ahead of US-Korea meet

Bharti Airtel gained 3.5% on the BSE today, while Sun Pharma rose 1.1%. Tata Steel lost 2.1%

9:20 AM

BSE Sensex heatmap

9:17 AM

Market at open

 

At 9:15 AM, the S&P BSE Sensex was trading at 35,515, up 72 points while the broader Nifty50 was ruling at 10,792, up 24 points.

9:03 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,561.90	+118.23	+0.33
S&P BSE SENSEX 50	11,300.94	+30.89	+0.27
S&P BSE SENSEX Next 50	33,040.83	+28.38	+0.09
S&P BSE 100	11,107.69	+27.25	+0.25
S&P BSE Bharat 22 Index	3,535.18	+8.39	+0.24

(Source: BSE)

8:58 AM

Stock picks by Devang Shah

 

DHFL- BUY

CLOSE – Rs 620.50

TARGET – Rs 645/680

 

DHFL closed weekly in positive territory. It’s at the verge of breakout near upper end of range. It’s outperforming in short term. It’s trading above 40 DMA. Its weekly momentum indicators are in BUY. One can BUY with stop loss of 590 for the target of 645/680 levels in short term.

 

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8:55 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty and Bank Nifty has been moving in a range bound zone with the former having 10830 levels as the resistance whereas 10,520-10,530 as the strong support, while as for Bank Nifty upside 27,000 would be a crucial barrier whereas downside 26,050 can be a strong base. However, the support for the week is seen at 10,580 while the resistance would be at 10,920 levels. Pharma sector as said earlier is anticipated to perform well in the coming days and RIL is expected to do well and would be the market driver to pull the index to new heights.

8:51 AM

Commodity picks: June 11, 2018

Mustard seed

 

Mustard seed at the benchmark Jaipur market is trading at Rs 4,100 per quintal. During the week, prices are expected to trade lower and head towards Rs 4,050 per quintal. Subdued demand from millers due to negative margins would keep the undertone weak for the oil seed. READ MORE

8:46 AM

Stock ideas for today by Prabhudas Lilladher: Buy JK Tyre, Ambuja Cements

BUY AMBUJA CEMENTS

TARGET: Rs 225

STOP LOSS: Rs 195

 

The stock in the past one month has witnessed much erosion from the peak of 252 to bottom out at around 200 levels and has now indicated a pullback recovery with strength and potential anticipated to give a further rise in the coming days. The indicators like the RSI has been hovering around the highly oversold zone and currently has shown a trend reversal to signal a buy and maintain a positive bias. With rising volume participation in recent days and with favourable indicators supporting our view, we recommend a buy in this stock for an upside target of 225 keeping a stop loss of 195.

 

BUY JK TYRE

TARGET: Rs 140

STOP LOSS: Rs 117

 

The stock has witnessed a decent erosion in 2 months from the peak of 170 to bottom out at around 120 levels and currently has indicated a revival and is poised for an upmove. The RSI has hit the highly oversold zone and has indicated a trend reversal to signal a buy and the chart looks attractive maintaining a positive bias with strength and potential to rise further in the coming days. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of 140 keeping a stop loss of 117. READ MORE

8:42 AM

Nifty outlook by Devang Shah 

Short-term outlook for the market remains positive till Nifty trades above 10,417 levels and expecting targets in the range of 10,900-11,000 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and expecting targets in the range of 12,000-12,200 levels in medium term. READ MORE

 

8:38 AM

Markets on Friday

S&P BSE Sensex	35,443.67		-0.05%
Nifty 50	10,767.65		-0.01%
S&P BSE 200	4,666.33		0.13%
Nifty 500	9,316.25		0.17%
S&P BSE Mid-Cap	16,022.37		0.42%
S&P BSE Small-Cap	16,887.13		0.58%

8:34 AM

US-Canada spat escalates after tense G7, Europeans criticise Trump

 

The United States and Canada swung sharply toward a diplomatic and trade crisis on Sunday as top White House advisers lashed out at Canadian Prime Minister Justin Trudeau a day after US President Trump called him “very dishonest and weak.”

 

The spat drew in Germany and France, who sharply criticized Trump’s decision to abruptly withdraw his support for a Group of Seven communique hammered out at a Canadian summit on Saturday, accusing him of destroying trust and acting inconsistently.

8:30 AM

Trump & North Korea's Kim in Singapore for historic Tuesday summit

 

US President Donald Trump arrived in Singapore on Sunday for a historic summit with North Korean leader Kim Jong Un that could lay the groundwork for ending a nuclear stand-off between the old foes and the transformation of the isolated Asian nation.

 

Trump flew into Singapore’s Paya Lebar Air Base aboard Air Force One, looking to strike a deal that will lead to the denuclearisation of one of America’s bitterest foes.

8:27 AM

SGX Nifty

 

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 21.5 points or 0.2 per cent. Nifty futures were trading around 10,769-level on the Singaporean Exchange.

8:23 AM

Asia stocks wobble after G7 summit

 

Asian stocks moved gingerly on Monday as a weekend G7 summit fanned trade conflict fears after US President Donald Trump backed out of a joint communique in a blow to the group’s efforts to show a united front.

 

Japan's Nikkei dipped 0.1 per cent while South Korea's KOSPI added 0.2 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.05 per cent.

8:19 AM

US markets close higher

 

US stock indexes closed higher on Friday as investors shrugged off concerns about global trade tensions but trading volume was relatively light ahead of a busy week of central bank meetings. The S&P 500 stayed in positive territory in the afternoon after reversing losses in the early afternoon with its biggest boosts coming from the health care and consumer staples sectors.

 

The Dow Jones Industrial Average rose 75.12 points, or 0.3 per cent, to 25,316.53, the S&P 500 gained 8.61 points, or 0.31 per cent, to 2,778.98 and the Nasdaq Composite added 10.44 points, or 0.14 per cent, to 7,645.51.

8:16 AM

Good Morning!

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