Nifty has managed to cross 11,500 for the first time-Sai Proficient

The domestic market has started strong. Nifty has managed to cross 11,500 for the first time while the Sensex has gained more than 200 points. Sensex and Nifty are doing business with an increase of up to 0.5%.

Shopping is also seen in mid-caps and smallcap stocks. The BSE Midcap Index went gained 0.4% in Midcap 100 index rose, while the Nifty 0.5%. BSE's Smallcap index has grown by 0.3%.

At present, BSE's 30-share index Sensex is trading 221 points ie 0.6% and is trading at 38,169 level. On the other hand, NSE's 50-share index Nifty is trading 56 points, ie 0.5%, at 11,527 level.

Metals, pharma, PSU banks, realty, capital goods, power and oil and gas stocks are looking to buy. The Bank Nifty has jumped more than 0.5% and is trading at 28,289 level. However, there is pressure in IT stocks.

In the meantime, veteran shares traded in the market, pushing the T, Coal India, Yes Bank, ONGC, HPCL and Tata Steel from 3.8 to 1.4%. While Infosys Heavyweights, Titan, Tech Mahindra, Bharti Airtel, IOC, ITC and ICICI Bank fell 2.7 to 0.2%.

Midcap stocks, Glenmark, L & T Finance, Divi's Lab, Whirlpool and Apollo Hospital rose from 3.6 to 2.1%. However, mid-cap stocks include Federal Bank, Marico, Bear Crop, Emami and Crisil rolling 3.5-0.4%.

Mohota Industries in small-cap stocks, Cupid, Nitin Spinners, Skipper and quality have been strengthened by 9.5 to 5%. However, Lincoln Pharma, Rain Industries, International Paper and Electrosteil Steel in smallcap stocks are broken up to 5-4%.

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Asian Shares gain on US-China trade talks, lira recovers-Sai Proficient

Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent in early trade, a day after it hit its lowest level in a year.

Japan’s Nikkei gained 0.5 percent while in US markets, the DowJones Industrial Average rose 1.58 percent and the S&P 500 gained 0.79 percent.

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Wall Street rallies on solid earnings, US-China trade talks- Sai Proficient

US stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.

The Dow Jones Industrial Average rose 396.32 points, or 1.58 percent, to 25,558.73, the S&P 500 gained 22.32 points, or 0.79 percent, to 2,840.69 and the Nasdaq Composite added 32.41 points, or 0.42 percent, to 7,806.52.

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Sensex rolled above 250 points under Nifty 10350- Sai Proficient

The impact of weakness in the global markets is also visible on the domestic markets. Sensex and Nifty have started with a sharp fall. The Nifty slipped below 10,350 while the Sensex has seen a decline of more than 250 points. Sensex and Nifty have climbed 0.75%.

Even mid-caps and smallcap stocks have been sold. The BSE Mid-Cap Index has fallen 0.9%, while the Nifty mid-cap 100 Index has a weakness of around 1%. BSE's smallcap index is down 0.7%.

Selling in banking, auto, financial services, metal, realty, power and oil and gas stocks is showing. Bank Nifty is trading more than 1% at 27,815 level. However, purchases have been made in IT stocks.

Vedanta, Indiabulls Housing, HPCL, Tata Motors, Hindalco, ONGC, NTPC and HDFC Bank have fallen 4-1.25% during the trade in the market during this period. However, Tech Mahindra, Dr Reddy's, HCL Tech, Wipro, Gayle, Sun Pharma, Coal India, ITC and Infosys rose 2.5-0.4% in the giants.

In the mid-cap stocks, Vikrami, NBCC, Jindal Steel and Bank of India have slipped 10.5-2.2%. However, mid-cap stocks have risen 2-1.5% to Union Bank, United Breweries, Apollo Hospital, CG Consumer and Kansai Nerolac.

In smallcap stocks, NCL Industries, IL & FS Engineering, Surya Roshni and Borosil Glass are broken by 11.7-7.4%. However, in the smallcap stocks, India Electricity, Ioil Chemicals, Globus Spirits, Corporation Bank and Soril Infra have strengthened by 8-5%.

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International Market Update by Sai Proficient

SP: INTERNATIONAL MARKET UPDATE

GOLD $ 1215.30

SILVER $ 15.26

COPPER $ 2.73

CRUDE $ 67.58

INR 69.47

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S&P 500, Dow edge down as oil prices, trade worries weigh- Sai Proficient

The S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check.

The DowJones Industrial Average fell 45.16 points, or 0.18 percent, to 25,583.75, the S&P 500 lost 0.75 point, or 0.03 percent, to 2,857.7 and the Nasdaq Composite added 4.66 points, or 0.06 percent, to 7,888.33.

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Sensex first crossed 38000-Sai Proficient

When the market opens, the record has touched the new height. The Sensex managed to cross 38,000 for the first time, while the Nifty touched a new record of 11,495.2 in the upper level. The Sensex has set a new record high of 38,050.12.

Shopping is also seen in mid-caps and smallcap stocks. BSE's mid-cap index has grown 0.3%, while the mid-cap index of the Nifty 100 index has gained 0.4%. BSE's Smallcap index jumped 0.4%.

Shopping is in banking, metal, financial services, realty, pharma, capital goods and oil and gas stocks. Bank Nifty has reached a level of 28,200 with a rise of 0.5%. However, there is pressure in auto and FMCG stocks.

During the business turnover, ICICI Bank, Cipla, HPCL, BPCL, IOC, Tata Motors, SBI, Axis Bank and Infosys rose 3-1.2% each. However, among the heavyweight shares, Dr Reddy's, Titan, Maruti Suzuki, UPL, Wipro, NTPC, HDFC Bank and Kotak Mahindra Bank have fallen 1.2-0.5%.

Nalco, Adani Power, Indian Bank and MRPL have gone up 7.1-2.5% in the mid-cap stocks. However, in the midcap stocks, Vikranti, Natco Pharma, LIC Housing, Havells and MRF have dropped 2.7-0.6%.

In smallcap stocks, Kokuyo Camelin, MBL Infra, Selan Exploration, Essel Propak and Mangalam Drugs have been strengthened by 13.5-5.2%. However, UFO movies, Goodyear, Butterfly, Aero Greentat and Custom Beverage in Smallcap Shares are broken up to 6.4-5%.

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Stocks to Watch For Thursday With Sai Proficient

After forming a double bottom at Rs 215 levels during last month, the stock price has given a bullish breakout above the downward sloping trend line, adjoining the highs of 24-April, 25-June, 10-July and 01-August 2018.The stock price also closed above its 200-day-SMA on Monday with higher volumes.

The momentum indicators and Oscillators like RSI and MACD are showing strength in the stock for the short to medium-term perspective. Therefore, the stock recommend buying Deepak Nitrite around 267-270 upside target of Rs 285-299 and a stop loss below Rs 253.

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Asian Shares extend recovery on earnings, China policy hopes-Sai Proficient

Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-US trade dispute.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.22 percent while Japan’s Nikkei ticked up 0.05 percent.

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Amazon and Microsoft nudge S&P 500 closer to record high-Sai Proficient

The Dow Jones Industrial Average rose 0.5 percent to end the day at 25,628.91 points. The S&P 500 ended the session at 2,858.45, just short of its January record of 2,872.87. The Nasdaq Composite added 0.31 percent to 7,883.66.

The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fuelled optimism about the U.S. economy’s strength.

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Stocks to Watch For Wednesday With Sai Proficient

On the daily chart, KRBL LIMITED is on the higher highs chart pattern break out on daily chart also verge of a breakout from a channel pattern suggesting bullishness building up in the stock. Further, the stock has broken out from wedge pattern triggering a resumption of bull trend.

The stock last low at 298 levels date of 28 June 2018 and after that didn’t break this levels bounce bank at consolidation 351 and 300 levels last two months.

The RSI has turned upwards after forming a positive divergence indicating that the downtrend is losing steam. The KRBL LIMITED stock may be bought in the range of Rs 365-367 for targets of Rs 380-405, and a stop loss below Rs 349.

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Asian Stocks flat as trade woes offset earnings-led Wall Street gains-Sai Proficient

Asian stocks were largely steady on Tuesday, with worries over the US-China trade conflict offsetting support from earnings-led gains on Wall Street.

MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.

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Wall Street closes higher as strong earnings cheer investors-Sai Proficient

The Dow Jones Industrial Average rose 39.6 points, or 0.16 percent, to 25,502.18, the S&P 500 gained 10.05 points, or 0.35 percent, to 2,850.4 and the Nasdaq Composite added 47.66 points, or 0.61 percent, to 7,859.68.

The S&P edged closer to a record hit on January 26, closing within a percentage point of the all-time high for the first time since the current correction began.

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Nifty crosses 11400, Sensex above 33750-Sai Proficient

When the domestic market opens, the record has touched the highest. The Nifty has managed to cross 11,400 for the first time, while the Sensex has created a new record of 37,792.71. Sensex and Nifty gain 0.5%.

Shopping in mid-caps and smallcap stocks is also available. The BSE Mid-Cap Index has gained more than 0.5%, while the Nifty mid-cap 100 index has also seen an increase of more than 0.5%. BSE's smallcap index jumped 0.75%.

PSU banks, pharma, metal, IT, auto, consumer durables, capital goods, power and oil and gas stocks are looking to buy. Bank Nifty has reached a level of 27,875 with a jump of more than 0.5%.

During the business turnover, ICICI Bank, SBI, Titan, Tata Motors, Adani Ports and Yes Bank have risen 2.5-1.2%. However, Indiabulls Housing, HUL and Kotak Mahindra Bank have fallen 0.8-0.3% in the giants.

Among the mid-cap stocks, Adani Power, United Breweries, Wockhardt and Oracle Financial Services have climbed 4.1-2.3%. However, division labs, bare caps, blue darts and amphasis have rolled 1.7-0.75% in mid-cap stocks.

Among the smallcap stocks, Indo Rama Synthetic, Purvankara, Venkies, Serra Sanitary and Sangam India have been up 7.1-6.5%. However, in Smallcap stocks, Mangalam Cement, Shipping Corp, Arrow Greentech, PI Industries and Den Networks are broken up by 9.1-4.9%.

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What changed for the market while you were sleeping? Top 10 things to know- Sai Proficient

Bears finally and decisively took charge of Dalal Street Thursday with the Nifty50 extending early losses and breaking the psychological 11,300-mark on profit booking.

The index closed sharply lower, forming ‘Bearish Belt Hold’ pattern on the daily candlestick chart. Weak global cues amid renewed trade war concerns dented market sentiment.

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After 2 Consecutive Hikes, will RBI Raise Interest Rates Further in FY19?-Sai Proficient

Inflation concerns forced the Reserve Bank of India (RBI) to raise repo rate for the second time in a row by 25 basis points to 6.5 percent on Wednesday. As a result, reverse repo rate now stands at 6.25 percent.

Repo rate is the rate at which the RBI lends money to banks while reverse repo is the rate at which the RBI borrows money from banks.

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Global Q2 gold demand falls by 4% to 964.3 tonnes: WGC-Sai Proficient

Global gold demand fell by 4 percent in the April-June quarter at 964.3 tonnes from the same period last year mainly on account of slower inflows into gold-backed exchange-traded funds (ETFs) and drop in jewellery demand, World Gold Council (WGC) said in a report.

The total Gold demand stood at 1,007.5 tonnes in the second quarter of 2017, WGC said in its Gold Demand Trends Q2 2018 report.

Total investment declined by 9 per cent to 281.4 per cent during the second quarter of this year compared to 310.3 tonnes in the same period last year.

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