Currency Levels (20th January 2020)
  • posted by IMV |
  • 20/1/2020

  Rupee opened on a slightly weak note against the US Dollar in the early morning due to strengthening of Dollar against other major currency pairs and a jump in the prices of Crude. Foreign Institutional Investors allegedly bought stocks worth of Rs 264.26 on Friday. The US 10- year bond is trading at 6.63 percent.  Technical outlook: (January 2020) Dollar Index Dollar index has its support at 97.40...

MORNING NIFTY AND BANK NIFTY UPDATE ALONG WITH STOCKS LEVELS FOR THE DAY (20TH JAN 2020)
  • posted by IMV |
  • 20/1/2020

 Benchmark indices closed with little change and stocks ended mixed on a volatile session ahead of the quarterly result announcement of the nation’s two largest firms on Friday trading session. The S&P BSE Sensex rose marginally by 0.03 percent to end at 41,945.37 and the NSE Nifty fell 0.03 percent to close at 12,352. The broader markets represented by the NSE Nifty 500 Index rose by 0.09 percent. The market breadth was tilted in...

MORNING NEWS HEADLINES ( 20th Jan 2020 )
  • posted by IMV |
  • 20/1/2020

MONEYCONTROL • Reliance Industries: The company reported the highest-ever quarterly consolidated net profit of Rs 11,640 crore for Q3FY20 against a CNBC-TV18 poll of Rs 11,333 crore. Its net profit jumped 13.5 percent (YoY) against Rs 10,251 crore reported in the corresponding quarter of the previous financial year. • HDFC Bank Q3: Profit jumped 33 percent, but asset quality weakened and provisions spiked. Profit during the...

Updates on Bullion, Base Metals, and Energy Levels 17th Jan 2020
  • posted by IMV |
  • 17/1/2020

 Gold sideways on Thursday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded sideways too as reports of sluggish economic growth in China, the world's biggest crude importer, raised concerns about future fuel demand which weighed down on the...

TODAY’S TOP GAINER LEVEL UPDATE (17TH JAN 2020)
  • posted by IMV |
  • 17/1/2020

 EMAMI LTD Stock takes a sharp reversal from lower levels. Currently 4.5 % up from the previous closing. Catch it above 338 if it breaks and close above 338 for 3 consecutive days + weekly closing will see upside movement till   360 +++ levels in coming days. Support and stop-loss below 315 on a closing basis. DCMSHRIRAM After forming a rounding bottom pattern, stock looks positive on the...

Agri Commodity Update  (17th January 2020)
  • posted by IMV |
  • 17/1/2020

Fundamental Aspect: The U.S. grain market did not see much of a reaction after Washington and Beijing made phase one of their trade agreement official this week, and it will take time before commodities such as soybeans, wheat and corn benefit from China’s pledge to buy more agricultural products. “We really didn’t expect the Chinese to immediately step in and buy with the signing of the trade deal,” said Sal Gilbertie, president and...

Currency Levels (17th January 2020)
  • posted by IMV |
  • 17/1/2020

Rupee opened on a positive note against the US Dollar in the early morning due to positive sentiments flowing in the market after US-China signed phase 1 of their trade deal on Tuesday.  Foreign Institutional Investors allegedly bought stocks worth of Rs 279.53 on Wednesday. The US 10- year bond is trading at 6.63 percent.  Technical outlook: (January 2020) Dollar Index Dollar index has its support at 97.10 and...

Morning News Headlines
  • posted by IMV |
  • 17/1/2020

 MONEYCONTROL • Bharti Airtel, Vodafone Idea: Supreme Court dismissed AGR review petitions filed by telecom firms. • South Indian Bank: Q3 profit grew 8 percent to Rs 90.5 crore, NII rose 15.8 percent to Rs 601.8 crore YoY; gross NPA up 4bps QoQ. • Hathway Cable: Q3 profit at Rs 68.2 cr versus a loss of Rs 55.8 crore, revenue rose 12.3 percent to Rs 450.8 crore YoY. • Cyient: Q3 profit jumped 10.4 percent...

MORNING NIFTY AND BANK NIFTY UPDATE ALONG WITH STOCKS LEVELS FOR THE DAY (17TH JAN 2020)
  • posted by IMV |
  • 16/1/2020

Benchmark indices ended on a positive note and the BSE Sensex index crossed a new milestone in the opening trade surpassing 42,000 for the first time and the NSE Nifty hit an all-time high at 12,389.05 with a volatile trading session. The S&P BSE Sensex rose 0.14 percent to end at 41.932.56 and the NSE Nifty 50 rose 0.09 percent to close at 12,355.50. The broader markets represented by the NSE Nifty 500 Index rose 0.23 percent. The...

Updates on Bullion, Base Metals, and Energy Levels 16th Jan 2020
  • posted by IMV |
  • 16/1/2020

 Gold sideways on Thursday amidst uncertainties regarding the US and China trade deal Phase-1 as a top US official said that tariffs on China will remain as usual even after the agreement is signed which made investors invest in a safer asset. On the other hand, Crude oil traded sideways too after the announcement from the US regarding trade deal which capped the demand of Crude oil. Today, traders should concentrate on the Core Retail...