Nifty & Bank Nifty Fut Levels for today :: 6 Oct 2015

Nifty Future::
Trend::Consolidate
Pivot Level:8102
Support:8059/7987/7944
Resistance:8174/8217/8289

Bank Nifty Future::
Trend::Consolidate
Pivot Level:17607
Support:17470/17219/17080
Resistance:17858/17995/18246
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Sensex ends 565 points up at 26,785, Nifty settles at 8,119; Jindal Steel gains over 16% --- 5 Oct 2015

Tracking positive cues from other Asian markets, the benchmark BSE Sensex closed 564.60 points, or 2.15 per cent, up at 26,785.55. Nifty closed 168.40 points up at 8,119.30.

In the 50-share index, Tata Steel, Tata Motors, ICICI Bank, Bosch and HDFC gained between 5 per cent and 6.25 per cent. On the other hand, Maruti Suzuki India, Dr Reddy’s Laboratories and Lupin slid between 1 per cent and 3.50 per cent.

                 

Among the sectoral indices on the Bombay Stock Exchange, the BSE Capital Goods index gained the most — 3.28 per cent at 15721.95, followed by BSE Bankex (up 2.80 per cent), BSE Metal index (up 2.49 per cent), BSE Power index (up 2.31 per cent) and BSE Auto index (up 2.12 per cent). Rest all other indices also closed in green. A surge in Glencore stocks in international markets lifted the mining sector stocks back at home too.

Alex Mathews, head, research, Geojit BNP Paribas Financial Services, said, “The domestic markets on Monday remained in the positive zone as of revived sentiments in the global front and on the consistent buying in almost all counters.”

Traders also took cues from the strength in rupee which surged to its one month high, though the undertone remained positive after the bigger-than-expected rate cut from the Reserve Bank of India last week. Traders also drew some support with economic affairs secretary Shaktikanta Das’ statement that India is rolling out the red carpet for overseas investors with sweeping foreign investment policy reform and quicker approvals. He said that Foreign Investment Promotion Board (FIPB) will now meet twice a month to speed up approvals, signaling the clear intent of the government to push ahead with reforms on a wide range of issues.

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5 reasons why Sensex surged over 500 points today -- 5 Oct 2015

BSE Sensex surged by over 400 points and the NSE Nifty regained the 8,000 mark, extending rally for the fourth day on positive cues from other Asian markets.

                               

The BSE Sensex surged over 500 points following positive cues from Asian markets. At 2.22 pm, Sensex was up 522 points at 26,743. Nifty was up 153 points at 8104.

Below are the reasons why Sensex rallied over 500 points intraday.

1. European shares climbed higher on Monday, with a surge in Glencore lifting the mining sector and firmer oil prices giving energy stocks a boost. The pan-European FTSEurofirst 300 index rose 1.7 per cent while the euro zone’s blue-chip Euro STOXX 50 index also advanced 1.6 per cent.

2. Indian rupee rose for the fifth day in a row on Monday. It was up by 21 paise against the US dollar at 65.30 in morning deals on persistent selling of the greenback by banks and exporters amid weakness in the American currency overseas and higher domestic equity market.

3. All the Asian markets were trading in the green on the back of expectation that Chinese government is likely to announce a stimulus plan to boost the growth. China’s Shanghai Composite went up by 0.48 per cent while Hang Seng(Hong Kong) rose by 1.84%. The Chinese markets were under selling pressure in the last few sessions especially after the factory data released last week showed manufacturing in China was down to the lowest level in last six and half years.

4. US jobs data that was released on Friday fuelled speculation that the Federal Reserve will not raise key interest rates any time soon, giving a boost to trading sentiments globally.

5. Inflows from foreign investors and across-the-board buying by the investors also helped the market sentiments. The Foreign Portfolio Investors(FPIs) were net buyers on Thursday as they bought shares worth $7.3 million, stock exchange data showed. FPIs have offloaded their holdings heavily from the Indian equity markets during the last two months over the global concerns about China. FPIs sold cash equities worth nearly $3.5 billion since August, Bloomberg data showed.

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Gold futures - weekly outlook: October 5 - 9 Oct 2015

Gold rallied on Friday after data showing that the U.S. economy added far fewer jobs than expected last month indicated that interest rates are likely to remain on hold until early next year.

                     

Gold for December delivery jumped 2.17% to $1,137.9 in late trade on the Comex division of the New York Mercantile Exchange.

For the week, though, gold futures ended down 0.78% after falls earlier in the week amid uncertainty over how soon the U.S. central bank will start to tighten monetary policy.

The Labor Department reported that the U.S. economy added just 142,000 jobs last month, well below expectations of the 201,000 expected by economists.

August’s reading was revised down to 135,000, from the initial reported figure of 173,000.

Average hourly earnings were flat month-on-month and the labor force participation rate fell to just 62.4%, down from 62.6% in August. The unemployment rate was unchanged at 5.1%, in line with forecasts.

The report underlined fears that a slowdown in global economic growth has spread to the U.S. economy and prompted investors to push back expectations on the timing of an initial rate hike by the Federal Reserve to early 2016.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last down 0.31% to 96.04 after falling to two-week lows of 95.3 immediately following the report.

Gold would benefit from any delay in raising U.S. interest rates as the precious metal would struggle to compete with yield-bearing assets. Higher rates would also boost the dollar, which would make dollar-denominated gold more expensive for holders of other currencies.

Elsewhere in precious metals trading, silver futures for December delivery jumped 4.85% to $15.21 and platinum was up 0.61% to $910.75.

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Sensex, Nifty likely to open positive on firm global cues -- 5 Oct 2015

The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking SGX Nifty and firm global cues.

The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking SGX Nifty and firm global cues.

                   

   At 8.22 am (IST), SGX Nifty was up 0.94 per cent, or 75.50 points, at 8,034.

Hang Seng, Nikkei and Shanghai were up 1.89 per cent, 1.22 per cent and 0.48 per cent at 21,911.78, 17941.62 and 3052.78, respectively.

Asian stocks rose early on Monday after prospects of a near-term interest rate hike by the Federal Reserve ebbed in the wake of Friday’s weaker-than-expected US employment data.

Data released on Friday showed US non-farm payrolls rose by 1,42,000 in September, considerably lower than the 2,03,000 jobs the markets had expected.

The possibility of the Fed delaying the lift-off date for rates also meant its loose policy, which has helped shore up risk assets globally by providing cheap cash, would continue a little longer. The Dow and S&P 500 both gained more than 1 per cent on Friday.

Back home, Sensex and Nifty gained 0.25 per cent and 0.03 per cent on Thursday. Domestic equity markets were closed on Friday on account of Mahatma Gandhi Jayanti.

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Sensex rises above 300 pts, Nifty eyes 8050; Tata Motors up -- 5 Oct 2015

ICICI Bank, Tata Motors, Axis Bank, Hero and Hindalco are top gainers while Maruti and Infosys are in red.

                                   

                            The Sensex is up 312.81 points or 1.2 percent at 26533.76 and the Nifty is up 84.95 points or 1 percent at 8035.85. About 946 shares have advanced, 209 shares declined, and 36 shares are unchanged.Tata Motors is up 5 percent while TCS, HDFC, ICICI Bank and L&T are other top gainers in the Sensex. Maruti Suzuki is down 2 percent while Dr Reddy's Labs, ONGC, Coal India and Vedanta are major losers.
It is a strong start of the market in October. The Sensex is up 232.60 points or 0.9 percent at 26453.55 and the Nifty is up 58.65 points or 0.7 percent at 8009.55. About 494 shares have advanced, 84 shares declined, and 28 shares are unchanged. ICICI Bank, Tata Motors, Axis Bank, Hero and Hindalco are top gainers while Maruti and Infosys are in red. The Indian rupee opened at seven week high as it surged 26 paise in the early trade on Monday at 65.25 per dollar against  Thursday's close of 65.51. Agam Gupta of StanChart Bank said, "The dollar will open lower than the close of 65.51 due to the extremely weak US jobs data. We expect a range of 65.10-65.50/dollar for the day." The dollar slipped against a basket of currencies after weak US jobs data led traders to pare bets that the Fed was poised to hike interest rates as early as this month. Crude prices recovered after a report showed a fifth weekly decline in the US oil rig count. And precious metal gold rose as jobs data dented expectations the fed will raise interest rates this year. Asian equities kicked off the trading week on a positive note after a weak US employment report on Friday cooled expectations that the Federal Reserve will start raising interest rates soon. September's closely-watched jobs report showed the US economy created 142,000 jobs, far below the expected 203,000. Unemployment held at 5.1 percent while the participation rate plunged to 62.4 percent, according to the Labor Department. Indications of softness in the labour market mean the Fed is unlikely to begin tightening monetary policy soon, analysts say. Fed funds futures are now pricing the first rate hike to come no earlier than March 2016. US stocks closed more than 1 percent higher following the report, with major averages ending the week up more than 1 percent.

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Sensex ends 66 points up, Nifty settles at 7,951; Dishman Pharma gains over 10% - 1 Oct 2015

Domestic equity markets opened in green tracking firm global cues. Sensex opened 189.36 points up at 26,344.19.

                               

The BSE Sensex pared some of their initial gains on Thursday and closed 66.12 points up at 26,220.95. On the similar lines, NSE Nifty closed 2 points up at 7,590.90. Meanwhile, India’s manufacturing sector output slipped to a seven-month low of 51.2 in September, as order flow turned sluggish amid “difficult economic climate”, a Nikkei survey said on Thursday.

Sensex opened at 26,344.19 and touched a high and low of 26,431.80 and 26,168.71, in trade. Nifty opened 7,992.05 and hit a high and low of 8,008.25 and 7,930.65.

In the 50-share index, UltraTech Cements, Lupin, Zee Entertainment, Sun Pharma and Adani Ports gained between 2 per cent and 4 per cent. On the other hand, HCL Technologies, BHEL, GAIL, Maruti and Vedanta declined between 1.45 per cent and 12.55 per cent.

Shares of HCL Technologies remained under pressure throughout the day after the company gave a weak pre-quarter guidance for the first quarter ended September 2016 (1QFY2016), which indicated that revenues to be reported in US dollar will have an adverse impact of 80 basis points on account of sharp depreciation of multiple currencies against US dollar. The IT major follows July-June as the financial year.

Among the sectoral indices on BSE, the BSE Healthcare index gained the most — 1.46 per cent, followed by BSE Consumer Durables (up 0.89 per cent) and BSE Capital Goods (up 0.73 per cent). BSE Realty and BSE Power index declined 1.82 per cent and 0.55 per cent, respectively.

Overall market breadth remained slightly positive on the BSE with 1,381 advances and 1,306 declines.

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