Nifty & Bank Nifty Fut Levels for today :: 5 Aug 2015

Nifty Future::
Trend:ideway
Pivot Level:8524
Support:8472/8397/8345
Resistance:8599/8651/8726

Bank Nifty Future::
Trend:ideway
Pivot Level:19002
Support:18866/18673/18537
Resistance:19195/19331/19524
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Rupee opens at 63.90 per dollar; slips 15 paise -- 5 Aug 2015

Today, the USD-INR is expected to trade in the range of 63.70-63.90/dollar, says NS Venkatesh of IDBI Bank.

                                 

The Indian rupee opened lower in the early trade on Wednesday. The currency slipped by 15 paise to 63.90 per dollar versus 63.75 in Tuesday's session. "The rupee gained around 29 paise yesterday and closed at 63.75/dollar on the back of export and custodial flows. Reserve Bank of India's (RBI) action of not cutting rates helped the rupee to strengthen versus the USD yesterday."
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Sensex drags over 200 pts, RBI keeps rates unchanged -- 4 Aug 2015

Hero Motocrp, Bharri Airtel, Tata Steel, Hindalco and Coal India are top gainers while GAIL, ONGC, ICICI Bank, Infosys and SBI are laggards in the Sensex.

                       

As expected the Reserve Bank of India has kept key rates unchanged in its monetary policy review. The market is still weak as the Sensex is down 211.44 points or 0.7 percent at 27975.62, and the Nifty is down 36.65 points or 0.4 percent at 8506.40. About 1264 shares have advanced, 1045 shares declined, and 119 shares are unchanged. Hero Motocrp, Bharri Airtel, Tata Steel, Hindalco and Coal India are top gainers while GAIL, ONGC, ICICI Bank, Infosys and SBI are laggards in the Sensex. 

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Sensex, Nifty under pressure ahead of RBI policy; Infy weak -- 4 Aug 2015

Hero Motocorp, Tata Steel, Hindalco, Bharti Airtel and Vedanta are top gainers in the Sensex. Among the losers are ONGC, Tata Motors, Wipro, Infosys and Sun Pharma.

                                   

The market is struggling under pressure ahead of RBI monetary policy review. The Sensex is down 83.02 points or 0.3 percent at 28104.04 and the Nifty is down 24.10 points or 0.3 percent at 8518.95. About 1162 shares have advanced, 789 shares declined, and 103 shares are unchanged. Hero Motocorp, Tata Steel, Hindalco, Bharti Airtel and Vedanta are top gainers in the Sensex. Among the losers are ONGC, Tata Motors, Wipro, Infosys and Sun Pharma. Gold dropped for a third session in four, closing in on a 5-5.5-year low, with selling pressure supported by expectations that the Federal Reserve is set to raise interest rates this year. Investors looked past data on Monday that showed US manufacturing activity falling short of estimates, instead awaiting the crucial nonfarm payrolls number due on Friday. Amid an improving labour market, economists still expect the Fed to raise interest rates this year, perhaps as early as its next policy meeting in September. That could mean further price losses for non-interest bearing gold.

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Nifty slips below 8550, Sensex weak; Hero Moto, Bharti gain --- 4 Aug 2015

Hero Motocorp surged 3.24 percent post Q1 earnings. It's a strong operational performance by Hero. The company's results beat expectations, despite fall in revenues, margins rose 160 bps year on year. The management finally delivers on its cost rationalisation efforts.

                                                     

The market fell marginally in early trade Tuesday. The Sensex declined 76.18 points to 28110.88 and the Nifty slipped 24.80 points to 8518.25. About 848 shares have advanced, 587 shares declined, and 89 shares are unchanged on the BSE. All eyes will be on the key event of the day- the Reserve Bank of India's monetary policy. A CNBC-TV18 poll shows 85 percent of market watchers are anticipating RBI Governor Raghuram Rajan to leave key policy rates unchanged in the monetary policy. Hero Motocorp surged 3.24 percent post Q1 earnings. It's a strong operational performance by Hero. The company's results beat expectations, despite fall in revenues, margins rose 160 bps year on year. The management finally delivers on its cost rationalisation efforts. Bharti Airtel gained 1.5 percent ahead of earnings. Telecom major will report its Q1 results today after market hours. According to a CNBC-TV18 poll, the revenue may rise over a percent to Rs 23,300 crore. The volume growth is seen at 3 percent. Its Africa business, however, is expected to continue to remain sluggish. Coal India, Lupin, HDFC Bank, BPCL, PNB and HCL Tech rose 0.7-1.6 percent while Tata Motors, Infosys, ONGC, Wipro, Dr Reddy's Labs, Cairn India, Tata Power and IndusInd Bank lost 0.2-1 percent. Wockhardt lost 2 percent as company recalled 5 million bottles of drugs (that treats high blood pressure, ulcers) from US. The Indian rupee opened marginally lower by 5 paise at 64.09 per dollar today against previous close of 64.04. Tirthankar Patnaik of Mizuho Bank said, "We are expecting a pause today given inflation outlook especially on food. We expect the rupee to remain tight near the 64/dollar levels." He further added, "We could see some stress on the rupee in the near to medium term especially given the heightened risk-off environment." In global cues, the US stocks closed lower on the first trading day of August as investors weighed mostly lacklustre economic data and a renewed decline in oil. Asian markets were trading mixed following a negative handover from Wall Street. In other asset classes, commodities, the US dollar held steady against the euro and yen. Crude prices declined 4 percent, slipping to six-month lows with brent crude falling below USD 50 per barrel on sluggish US and Chinese economic data. Precious metal gold slipped to USD 1080 an ounce on dollar gains.

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Sensex, Nifty open flat; Bajaj Auto gains, BHEL & ONGC drag -- 3 Aug 2015

ICICI Bank, Maruti, Bajaj Auto, Tata Motors and Dr Reddy's Labs are top gainers while L&T, Hero, M&M, BHEL and ONGC are among laggards.

                     

The market has opened on flat note. The Sensex is up 13.97 points  at 28128.53, and the Nifty is down 2.55 points or 0.03 percent at 8530.30. About 686 shares have advanced, 223 shares declined, and 81 shares are unchanged. ICICI Bank, Maruti, Bajaj Auto, Tata Motors and Dr Reddy's Labs are top gainers while L&T, Hero, M&M, BHEL and ONGC are among laggards. The Indian rupee recovered in the early trade. It opened higher by 12 paise at 64.01 per dollar versus 64.13 Friday. Agam Gupta of Standard Chartered said, "The US data released on Friday was weaker than expected. We expect a range of 63.90-64.20/dollar. The demand from local government banks should emerge in the 63.90-63.95/dollar zone whereas we should continue to see exporters sell USD on upticks towards 64.20/dollar." Asian stocks stumbled as weaker energy prices and fresh manufacturing data out of China sapped risk appetite. The final reading for Caixin China purchasing managers' index (PMI) for July came in at 47.8, lower than the preliminary reading of 48.2 and marking a two-year low. China's Shanghai Composite index plummeted 1.6 percent, with heavyweight PetroChina leading the slide. The oil and gas company fell more than 3 percent, while Sinopec and China Oilfield Services dropped 1.3 and 0.7 percent, respectively. US stocks closed mildly lower on Friday as investors digested energy earnings misses and soft data that could push an initial rate hike further out. On the data front, US labour costs in the second quarter recorded their smallest increase in 33 years. The 10-year yield edged lower, trading near 2.20 percent. Gold continued to trade below 1100 dollars an ounce.

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Rupee strong; opens higher by 12 paise 64.01 per dollar -- 3 Aug 2015

The Indian rupee recovered in the early trade on Monday. It opened higher by 12 paise at 64.01 per dollar versus 64.13 Friday.
                       

The Indian rupee recovered in the early trade on Monday. It opened higher by 12 paise at 64.01 per dollar versus 64.13 Friday. The US data released on Friday was weaker than expected. We expect a range of 63.90-64.20/dollar. The demand from local government banks should emerge in the 63.90-63.95/dollar zone whereas we should continue to see exporters sell USD on upticks towards 64.20/dollar."





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