MARKETS ON MONDAY: TCS market-cap hits $100 bn; Nifty ends below 10,600

Nifty closed at 10,585 levels. TCS market-cap hits $100 billion in intraday deals; but stock ends flat as investors book profit

8:56 AM

Petrol price hit highest level

 

Petrol price on Sunday hit Rs 74.40 a litre - the highest level while diesel rates touched a record high of Rs 65.65, renewing calls for cut in excise duty to ease burden on consumers. The hike, necessitated due to firming international oil prices, comes on back of a 13 paisa increase in rates of petrol effected yesterday and a 15 paisa hike in diesel, it said.

 

Petrol in the national capital now costs Rs 74.40 a litre, the highest since September 14, 2013 when rates had hit Rs 76.06. Diesel price at Rs 65.65 are the highest ever.

8:55 AM

Oil prices dip on increased US drilling activity, but sentiment remains bullish

 

Oil prices dipped on Monday as a rising U.S. rig count pointed to further increases in the country’s output, underlining one of only a few factors holding back crude markets in an otherwise bullish environment.

 

Brent crude oil futures were at $73.89 per barrel at 0056 GMT, down 17 cents, or 0.2%, from their last close. US West Texas Intermediate (WTI) crude futures were down 21 cents, or 0.3%, at $68.19 a barrel.

8:53 AM

MARKET COMMENT Amar Ambani, head of research, IIFL

The stock market, which rallied around 6pc in the past four weeks, could be headed for a choppy ride. The market will keep a track on earnings, F&O expiry, rupee movement and oil prices. The Indian indices managed gains despite weak global cues and crude oil hitting multi-year highs. Friday’s session saw the indices end weaker and the sentiment is likely to remain the same at start today.

Bharti Infratel, Reliance Infrastructure and LIC Housing Finance are set to announce their numbers today. HDFC Bank will be in focus after it announced its Q4 numbers on Saturday. Wall Street ended lower due to concerns over rise in bond yields. Asian stocks are muted. North Korean leader Kim Jong Un said he would halt nuclear tests and intercontinental missiles and instead pursue economic growth and peace

8:50 AM

Technical calls by Prabhudas Lilladhar

 

BUY LUPIN 

CMP : Rs 797 

TARGET : Rs 880 

STOP LOSS : Rs 750

 

The stock has given a positive candle moving above the 34WMA moving average indicating a positive bias to rise further with potential and strength. The stock has been consolidating for quite some time at around 770 levels and now we anticipate it to give a breakout above the previous peak of 820 and scale further upward. With good volume activity witnessed, we recommend a buy in the stock for an upside target of 880 keeping a stop loss of 750. Click here for more

8:46 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty & Bank Nifty have its weekly trend up since 3 weeks while daily trend in Nifty continues to be positive while Bank Nifty is down since 3 days. Market is likely to consolidate at these levels with indicators for now showing no signs of correction. The support for the day is seen at 10380 while resistance is seen at 10725.

8:42 AM

Stock Picks by Devang Shah

 

DHFL- BUY

CLOSE – Rs 584

TARGET – Rs 610/635

 

NTPC- BUY

CLOSE – Rs- 174.50

TARGET – Rs 180/185

Click here for more

8:38 AM

Nifty outlook by Devang Shah

 

Short-term outlook for the market remains positive till Nifty trades above 10,111 levels and expecting targets in the range of 10,700-10,800 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.

 

10,400-10,500 & 10,700 levels is strong support & resistance levels range respectively based on option open interest data so far for expiry perspectives next week. Market will remain very volatile ahead of Result season this month. READ MORE

8:34 AM

Markets on Friday

S&P BSE Sensex	34,415.58		-0.03%
Nifty 50	10,564.05		-0.01%
S&P BSE 200	4,646.30		-0.10%
Nifty 500	9,347.65		-0.09%
S&P BSE Mid-Cap	16,798.94		-0.44%
S&P BSE Small-Cap	18,178.03		0.02%

8:30 AM

SGX Nifty

 

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 56 points or 0.53%

8:25 AM

Asian stocks subdued

Asian stocks started in muted fashion on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on US bond yields as they approached peaks that had triggered ructions in the past.

 

In stock markets, MSCI's broadest index of Asia-Pacific shares outside Japan  dipped 0.1%, with South Korea off 0.2%.

 

Japan's Nikkei dithered either side of flat as tech stocks continued to struggle with a warning on waning demand for mobile phones.

8:24 AM

US markets end lower

 

Wall Street’s three major indexes declined on Friday as investors worried about a jump in US bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand.

 

The Dow Jones Industrial Average fell 202.09 points, or 0.82%, to 24,462.8, the S&P 500 lost 22.98 points, or 0.85%, to 2,670.15 and the Nasdaq Composite dropped 91.93 points, or 1.27%, to 7,146.13.

8:23 AM

Good Morning!

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