MARKET WRAP: Sensex ends 209 pts up, Nifty at 10,843 post Trump-Kim meeting

Among sectoral indices, the Nifty Pharma index ended over 2.5% higher led by a rise in the shares of Lupin, Dr. Reddy's Laboratories and Glenmark Pharmaceuticals.

8:54 AM

Top trading ideas by Prabhudas Lilladher:

 

BUY CADILA HEALTHCARE

CMP: Rs 368.45

TARGET: Rs 405

STOP LOSS: Rs 350

 

The stock has formed a double bottom formation pattern in the daily chart at around 342 levels forming a good base and currently a decent recovery moving past the significant moving average of 34WMA has improved the sentiment and has indicated strength with a positive bias and the stock is poised for an upward move in the coming days. With good volume participation witnessed, we recommend a buy in this stock for an upside target of 405 keeping a stop loss of 350. Click here for more

8:49 AM

Nifty outlook by Prabhudas Lilladher:

 

Nifty as said earlier has shown resistance at around 10,850 levels and as of now, we can anticipate some volatility and consolidation with 10,550 as the strong support level. Bank Nifty has underperformed as compared to Nifty in the past one week and has been hovering between 26,100 and 26,700 levels. However, the support for the day is seen at 10,720 while the resistance would be at 10,850 levels.

8:42 AM

Global indices cautious

INDEX	DATE	LATEST	PREV CLOSE	CHG(PTS)	CHG(%)
JAKARTA COMPOSITE	08-06-2018	5993.63	6106.70	-113.07	-1.85
BOVESPA	12-06-2018	72307.77	72942.07	-634.30	-0.87
SHANGHAI COMPOSITE	11-06-2018	3052.78	3067.14	-14.36	-0.47
ALL ORDINARIES	11-06-2018	6156.77	6169.43	-12.66	-0.21
ASX 200	08-06-2018	6045.18	6057.29	-12.11	-0.20

Click here for more global indices

8:34 AM

Markets on Monday

INDEX	LATEST	PREVIOUS	CHANGE	CHANGE(%)
	35483.47	35443.67	39.80	0.11
	14793.53	14768.92	24.61	0.17
	16007.58	16022.37	-14.79	-0.09
	16973.37	16887.13	86.24	0.51
	4198.83	4191.25	7.58	0.18

8:28 AM

Oil steady as Trump, Kim meet in Singapore

 

Oil prices were little changed in early Asian trading on Tuesday as markets awaited the outcome of a summit between US President Donald Trump and North Korean leader Kim Jong Un in Singapore.

 

Brent crude futures were trading at $76.41 per barrel down 5 cents from their last close. US West Texas Intermediate crude futures were at $66.09 a barrel, down 1 cent from their last settlement.

8:25 AM

SGX Nifty

 

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 per cent. Nifty futures were trading around 10,789-level on the Singaporean Exchange.

8:19 AM

Historic Trump-Kim meet

 

We overcame all kinds of skepticism and speculations about this summit & I believe that this is good for the peace: Kim Jong Un, North Korean Leader

8:19 AM

Historic Trump-Kim meet

 

According to Bloomberg, Trump responded by saying, "I do, too." Looking Kim right in the eye, Trump added, "We will solve it, we will be successful." 

8:19 AM

Historic Trump-Kim meet

 

As the two leaders sat accompanied by top aides an hour into their meeting in Sentosa, Kim said that he believed that this was "a good prelude for peace", reported Bloomberg. 

8:18 AM

Historic Trump-Kim meet

 

Trump says that by "working together, we will get it taken care of".

8:17 AM

Asian stocks cautious amid US-North Korea summit

 

The dollar jumped to a 3-week top on Tuesday while Asian shares started cautiously as investors were hopeful of a positive outcome from a highly anticipated US-Korea summit, which could set the stage for ending a nuclear stand-off on the Korean peninsula.

 

Japan's Nikkei climbed 0.8 per cent to the highest in three weeks and South Korean shares added 0.1 per cent. Australia's benchmark index was a tad firmer while New Zealand eased 0.3 per cent.

 

That left MSCI’s broadest index of Asia-Pacific shares outside Japan a touch softer at 573.31.

8:16 AM

Wall Street ekes out gains

 

All three major US stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend’s factious meeting of the Group of Seven nations.

 

The Dow Jones Industrial Average rose 5.78 points, or 0.02 per cent, to 25,322.31, the S&P 500 gained 2.97 points, or 0.11 per cent, to 2,782 and the Nasdaq Composite added 14.41 points, or 0.19 per cent, to 7,659.93.

8:15 AM

US President, North Korean leader shake hands in historic meeting

 

North Korean leader Kim Jong Un and US President Donald Trump shook hands, smiling cautiously at the outset of their historic summit in Singapore on Tuesday, in which they will look for ways to end a nuclear standoff on the Korean peninsula.

8:14 AM

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