Indian Maket Higher Level On March 2016

After the end of Feb 2016 the rail budget and the union budget both impact the market the Tuesday market is a huge turn and today it also gain position.  The market is signs good BSE NSE both are in gain position and many of stock are in green.

All the banks are is a great recover Bank Nifty surged 4 percent, led by SBI (up 9 percent), ICICI Bank (up 5 percent), HDFC Bank (2 percent), Axis Bank (up 4.4 percent), Bank of Baroda (up 8 percent) and Punjab National Bank (up 5 percent).


The market current status is like  The 30-share BSE Sensex rose 407.74 points or 1.71 percent to 24187.09 and the 50-share NSE Nifty gained 138.20 points or 1.91 percent at 7360.50.

Today Market Sensex Nifty

Indian values were trading thin range with a negative inclination amid the late selling so as to morning bargains on Wednesday drove weight chiefly in the purchaser durables, metal and auto part stocks. The business sector notion was hosed following blended prompts from other Asian peers.

At 11:19 hours, the 30-offer indicator record of Bombay Stock Exchange, Sensex was at 23157.98, around 33.99 focuses or 0.15 for each penny while the NSE Nifty was at 7004, around 44.25 focuses or 0.63 for every penny.

Stock Market News Update
 
Then, financial specialists stayed mindful in front of the Union Budget on February 29 with India Inc. seeking strong policy measures to spur domestic demand and revive investments to counter a global slowdown that is taking a toll on exports which declined for a fourteen straight month, down by 13.6 per cent to USD 21 billion in January 2016 from the same month a year ago.

Significant show spoilers were GAIL (India) Ltd. (Rs. 315.00,- 2.26%), Bajaj Auto Ltd. (Rs. 2284.85,- 2.14%), Lupin Ltd. (Rs. 1719.00,- 2.06%), Hero MotoCorp Ltd. (Rs. 2464.10,- 1.77%), Coal India Ltd. (Rs. 313.00,- 1.70%), among others.

The top gainers of the BSE Sensex pack were Adani Ports and Special Economic Zone Ltd. (Rs. 205.20,+2.40%), Bharat Heavy Electricals Ltd. (Rs. 104.85,+1.55%), Tata Motors Ltd. (Rs. 305.45,+1.48%), Reliance Industries Ltd. (Rs. 943.20,+1.46%), Dr. Reddy's Laboratories Ltd. (Rs. 2901.25,+1.43%), among others.

On BSE, out of the aggregate 2301 shares exchanged, 546 progressed while 1646 shares declined and 109 stayed unaltered.

On the worldwide front, Asian markets were trading blended in the midst of unpredictability in oil costs which fell in the midst of wagers that an arrangement between significant oil creating countries to stop yield at January levels might come up short in fighting a developing supply overabundance.

Today Sensex Down266 points, Nifty50 slips below 7,300

Top IT and banking stocks pulled the domestic equity benchmarks down on Tuesday amid a global selloff in equities, as the market extended the losing streak to a second day.

The 30-share BSE Sensex closed at 24020.98, down 1.10 per cent or 266.44 points. The NSE's Nifty50 index ended at 7298.20, down 1.21 per cent or 89.05 points.

Top Gainers Today : LUPIN LTD (2.20%), SUN PHARMA (2.01%), NTPCBSE 1.95 % (1.06%), ONGC (0.70%), BAJAJ AUTOBSE 1.23 % (0.65%)

Top Losers Today : TATA MOTORS (4.34%), COAL INDIA(4.27%), TCS (4.09%), INFOSYS LTD (3.60%), SBI (3.23%)

Dr Reddy's laboratories also reported its third quarter numbers today with robust growth in US and India. Forex loss of nearly Rs 64 crore from Venezuela dented profit. 

Why Market Crush in 2016

The stock market decline in the dollar index and sharply down Wednesday due to the rupee crossed 68 levels 4th September 2013 the lowest level. On the other hand, Wednesday from 12 noon to fall in Asian markets, the Sensex and Nifty 7300 has come down to 24,000.

Volatility in the market in the last 18 months, the stock market has reached the pre-Modi era. In May 2014, Modi was sworn in as Prime Minister at that time was the level of 24693 index Sensex today and then get around is trading at the same level. On Tuesday, the stock market is closed at the level of 24480. Government had high expectations from the market due to which the Sensex had touched all-time high of 30034 in March 2015. But the reforms have not predictable and global factors has come on the market 52-week lows.

Both domestic and foreign factors are impacting on the market. In the first 15 days of the beginning of 2016, FIIs have sold over 5,500 crore from the market. The market had high expectations from the government. GST government, spoke of the Land Ordinance Bill infrastructure investments but are stuck with the bill that reforms the car also has to keep pace.

GST bill and the Land Ordinance, the bill is stuck for a long time and the next session is not see any hope of getting near it. In addition to global factors, domestic factors also influenced the market slowdown in crude and commodity prices on the world's economy is seeing. Crude has slipped below $ 30 a barrel. The sell-off in world markets is seeing.

TODAY MARKET OUTLOOK SBI UP ECONOMIC POLITICAL COPRATE NEWS

The market is still sluggish with no major triggers in sight and FII volume drying up with Chirstmas holidays. The Sensex is down 44.49 points at 25691.41 and the Nifty is down 16.30 points at 7818.15. About 1227 shares have advanced, 594 shares declined, and 108 shares are unchanged.

State Bank of India (SBI) will raise 12,000cr by way of issue of Tier II bonds to comply with capital needs under the Basel III rules. While the bank did not prescribe any time frame and in how many tranches it would raise the bonds, the fund raising will happen through private placement. In August this year the government had announced fund infusion of 20,088cr into 13 PSU banks with SBI cornering a hefty 5,531cr.

Cipla launches generic hepatitis C drug in India

Cipla has launched generic tablets used for treating of hepatitis C under the brand name 'Hepcvir-L' costing Rs 25,000 for a bottle of 28 tablets in India. The company's product is a generic version of the S-based drug maker Gilead Sciences Inc's Harvoni tablets. Hepcvir-L is the first once-a-day, fixed dose oral combination therapy that has been approved for chronic hepatitis C genotype 1 patients as per the company.

Economic and Political News

• FIPB clears nine proposals including that of Cadila Healthcare and Volvo Asset Finance India. 

•  Directorate of Revenue Intelligence investigating over invoicing of imported coal: Goyal 

• No proposal for revision of export po licy on iron ore: Nirmala Sitharaman 

Corporate News Today

• Godrej Agrovet acquires 25% additional stake in Creamline Dairy at Rs150cr.

• JSPL resume mining at Australian coal mines 

• RCom sells 150 flats in Navi Mumbai for Rs 330 cr

Sensex and Nifty Monday Moring News Tips Update

Stock Market News & Alerts

The market has kick-started the truncated week in red. The Sensex is down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percent at 7745.65, led by losses in Sun Pharma, Infosys, RIL, TCS, HUL, and Wipro. The Nifty50 was trading weighed down by losses in IT, and pharma stocks.

Dollar fell after the Bank of Japan merely tweaked its monthly asset-purchase program, suggesting to traders that the central bank may not ease policy as much as expected. Asia's markets traded in the red, after Wall Street's sharp losses on Friday.

INTERNATIONAL MARKET UPDATE

GOLD $ 1,068.90 SILVER $ 14.160 COPPER $ 210.6 CRUDE $ 35.87 INR 66.40

Today Stock Market Tips by Experts

• Buy GATI India with a target of Rs 190: Mitesh Thacker 

• Sell Dr. Reddy's Laboratories with a target of Rs 2,900: Mitesh Thacker 

• Buy Dish TV with a target of Rs 105: Sandeep Wagle 

• Sell ITC with a target of Rs 308: Mitesh Thacker

International market starting from a weak domestic market has declined

International market starting from a weak domestic market has declined. Sensex and Nifty is down 1 percent. All sectoral indices are trading in red on NSE's. Especially banks, auto and metal sector index has declined by one percent. The BSE 30-share Sensex index dropped 230 points to 25658 level. The Nifty fell 75 points at 7792's level. 

The tracking Asian markets which were trading lower after the European Central Bank (ECB) slashed its deposit rate deeper into negative territory and extended its asset buying by six months. 

The rupee depreciated by 32 paise to 66.98 against the US dollar in early trade on Friday. 

TODAY TRADING TIPS AND CALLS

• BUY BHEL AT 168.50-169 SL 167.50 TARGET 174  

• BUY TATASTEEL AT 242-243 SL 240 TARGET 250