Sensex zooms 300 pts, Nifty reclaims 9,900 on positive Asian cues-Sai Proficient

Equity benchmarks as well as broader markets extended gains in late morning trade, backed by further gains in Asian peers.

The 30-share BSE Sensex was up 305.74 points or 0.97 percent at 31,694.13 and the 50-share NSE Nifty gained 104 points or 1.06 percent at 9,900.05 as market experts believe that the fundamentals of the country are strong and earning recovery will be seen in the second half of current financial year.

More than three shares advanced for every share falling on the BSE. The BSE Midcap and Smallcap indices gained 1.4 percent each.

China’s Shanghai Composite and South Korea’s Kospi turned higher on easing of geopolitical tensions surrounding North Korea. Hong Kong’s Hang Seng climbed over a percent and Japan’s Nikkei extended gains to 0.8 percent.

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Bank Nifty Market Trend for 24-August-2017

SP: BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 23950

SUPP 2: 23785

RES 1:24460

RES 2: 24750

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Nifty Market Trend for 24-August-2017

SP: GOOD MORNING

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9785

SUPP 2: 9710

RES 1: 9915

RES 2: 9980

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S&P 500 gains after two days of declines; energy falls- Sai Proficient

The S&P 500 ended up slightly on Monday after two days of declines, though simmering tensions between the United States and North Korea kept investors on edge and a drop in oil prices weighed on energy shares.

The Dow Jones Industrial Average rose 29.24 points, or 0.13 percent, to 21,703.75, the S&P 500 gained 2.82 points, or 0.12 percent, to 2,428.37 and the Nasdaq Composite dropped 3.40 points, or 0.05 percent, to 6,213.13.

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Sensex rises 100 pts, Nifty eyes 9,900 broader markets gain too-Sai Proficient

Equity benchmarks as well as broader markets continued to gain in morning trade, backed by banks, metals, FMCG and oil stocks.

The 30-share BSE Sensex was up 105.88 points at 31,630.56 and the 50-share NSE Nifty rose 45.45 points to 9,882.85.

About two shares advanced for every share falling on the BSE.

ICICI Bank, ONGC, Tata Steel, Coal India, ITC, TCS and Axis Bank rallied up to 2 percent while Reliance Industries and HDFC gained 0.4 percent.

Infosys remained under pressure, down 2.5 percent after CLSA maintained underperform call on the stock. The research house sees significant senior level departures over next six months till new CEO is found and also sees downside risks to guidance for FY18/19.

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Asia stocks steady, Treasury prices off highs as risk aversion settles-Sai Proficient

Asian stocks steadied and US Treasury bond prices fell slightly on Thursday as the risk aversion triggered by the latest flare up of tensions between the United States and North Korea began to settle.

MSCI’s broadest index of Asia-Pacific shares outside Japan stood little changed after dropping 0.6 percent the previous day.

Japan’s Nikkei rose 0.2 percent and Australian shares gained 0.1 percent. South Korea’s KOSPI was little changed.

Asian stocks were supported after seeing Wall Street shares closed barely lower overnight, trimming losses, as investors appeared to brush off geopolitical concerns.

Asian shares, US stock futures, dollar slip on rising Korean tensions- Sai Proficient

Asian shares and US stock futures slipped while US Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang’s warning that it is “carefully examining” plans for a missile strike on the US Pacific territory of Guam.

Just hours after US President Donald Trump told North Korea that any threat to the United States would be met with “fire and fury,” a spokesman for the Korean People’s Army said in a statement carried by the North’s state-run KCNA news agency that it was considering a strike aimed at US military bases on Guam.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan’s Nikkei was 1.2 percent lower as the stronger yen sapped investors’ appetite.

South Korean shares were down 0.9 percent and the won was 0.6 percent lower at 1,134.10 at 0048 gmt.

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Sensex falls 150 pts, Nifty tests 10,000 banks, oil stocks drag-Sai Proficient

Equity benchmarks erased opening gains, with the Nifty testing 10,000 level due to selling pressure in banking & financials and oil stocks.

The 30-share BSE Sensex was down 143.89 points at 32,129.78 and the 50-share NSE Nifty fell 43.05 points to 10,014.35.

About two shares declined for every share rising on the BSE.

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