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Friday, 28 April 2017
27th April 2017 >> International Market Morning Update by Ripples Financial Advisory
28th April 2017>> OPENING BELL- Market To Remain Choppy In Absence Of Any Major Triggers
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On last day of expiry 27th April, Indian Benchmark Index Nifty opened at 9359 and traded in a narrow rage of 44 points throughout the day. The Index made a high of 9367 and closed at 9342 after making a low of 9323. Some of the F and O stocks which will declare their results today are Ceat Limited, Federal Bank Limited, UPL Limited, Ambuja Cements Limited and IDFC Bank. Bank Nifty made an all time high of 22381 and closed at 22326. Small Cap Index opened at 7426 made a high of 7436, from there it made a low of 7386 and closed at 7403. Nifty Future to open gap up by 22 points at 9365 against yesterday's close of 9343.50 as per SGX.
On last day of expiry 27th April, Indian Benchmark Index Nifty opened at 9359 and traded in a narrow rage of 44 points throughout the day. The Index made a high of 9367 and closed at 9342 after making a low of 9323. Some of the F and O stocks which will declare their results today are Ceat Limited, Federal Bank Limited, UPL Limited, Ambuja Cements Limited and IDFC Bank. Bank Nifty made an all time high of 22381 and closed at 22326. Small Cap Index opened at 7426 made a high of 7436, from there it made a low of 7386 and closed at 7403. Nifty Future to open gap up by 22 points at 9365 against yesterday's close of 9343.50 as per SGX.
28th April 2017>> SUPPORT and RESISTANCE- Today's Equity Update by Ripples Financial Advisory
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NIFTY MAY FUT (28th APR 2017) : Trend : Up Close : 9356 Support : 9305 -9340 Center Point : 9359 Resistance :9375-9410 Daily Reversal Value : 9241 RSI : 30.90
BANKNIFTY MAY FUT (28th APR 2017) : Trend : Up Close : 22293 Support : 22031-22196 Center Point : 22265 Resistance : 22361-22527 Daily Reversal Value : 21857 RSI :68.40
SENSEX (28th APR 2017) : Trend : Up Close : 30029 Support : 29729-29940 Center Point :30062 Resistance : 30151-30362 Daily Reversal Value : 29650 RSI : 34.10
USDINR MAY (28th APR 2017) : Trend : Down Close : 64.39 Support : 64.05-64.26 Center Point : 64.34 Resistance : 64.47-64.68 Daily Reversal Value : 65.12 RSI : 27.47
NIFTY MAY FUT (28th APR 2017) : Trend : Up Close : 9356 Support : 9305 -9340 Center Point : 9359 Resistance :9375-9410 Daily Reversal Value : 9241 RSI : 30.90
Thursday, 27 April 2017
27th April 2017- CLOSING BELL >> Nifty ends April series below 9350; Sensex snaps 3-day rally on profit booking
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Equity benchmarks snapped three-day winning streak on profit booking Thursday, with the Nifty closing April series below 9,350 level. Weak European cues also dampened sentiment in the second half of session.
The 30-share BSE Sensex was down 103.61 points at 30,029.74 and the 50-share NSE Nifty fell 9.70 points to 9,342.15 amid consolidation, weighed by profit booking in banking & financials, FMCG, and select pharma stocks.
Investors also digested recent positive global events (like French elections) and quarterly earnings that so far have been good, analysts say, adding today's volatility was expected due to the expiry of April futures & options contracts.
They feel consolidation may continue for a couple of days as the Sensex rallied 768 points in previous three consecutive sessions and hit a record closing high.
KSB Pumps dips nearly 3% on weak Q1 >> SUBSCRIBE NOW FREE
Shares of KSB Pumps fell nearly 3 per cent on the Bombay Stock Exchange after the company reported a 20.83 percent decline in its standalone net profit at Rs 13.34 crore during the three months ended March 31, 2017, compared to Rs 16.85 crore in the year-ago quarter. Extending previous session losses, shares of the company declined as much as 2.75 per cent to hit an intra-day low of Rs 699.00 apiece on the Bombay Stock Exchange.
The script was currently trading at Rs 710.00 against the previous close price of Rs 718.80. In a similar fashion, stocks of the company were trading 2.08 per cent lower at Rs 704.90 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,101.68, down 31.67 points or 0.11 percent, at 11:40 hour.
Shares of KSB Pumps fell nearly 3 per cent on the Bombay Stock Exchange after the company reported a 20.83 percent decline in its standalone net profit at Rs 13.34 crore during the three months ended March 31, 2017, compared to Rs 16.85 crore in the year-ago quarter. Extending previous session losses, shares of the company declined as much as 2.75 per cent to hit an intra-day low of Rs 699.00 apiece on the Bombay Stock Exchange. Axis Bank dips nearly 3% on disappointing Q4 by Ripples Financial Advisory
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Shares of Axis Bank fell nearly 3 percent on the Bombay Stock Exchange after the private sector lender reported a fall of 43.1 per cent in its net profit after tax at Rs 1,225.10 crore for the quarter ended March 31, 2017, on the back of higher provisions. Weighed down by Q4, shares of the bank declined as much as 2.64 per cent to hit an intra-day low of Rs 503.60 apiece on the Bombay Stock Exchange. The script was currently trading at Rs 511.40 against the previous close price of Rs 517.30. In a similar fashion, stocks of lender were trading 1.20 per cent lower at Rs 510.95 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,101.68, down 31.67 points or 0.11 percent, at 11:40 hour.
Shares of Axis Bank fell nearly 3 percent on the Bombay Stock Exchange after the private sector lender reported a fall of 43.1 per cent in its net profit after tax at Rs 1,225.10 crore for the quarter ended March 31, 2017, on the back of higher provisions. Weighed down by Q4, shares of the bank declined as much as 2.64 per cent to hit an intra-day low of Rs 503.60 apiece on the Bombay Stock Exchange. The script was currently trading at Rs 511.40 against the previous close price of Rs 517.30. In a similar fashion, stocks of lender were trading 1.20 per cent lower at Rs 510.95 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,101.68, down 31.67 points or 0.11 percent, at 11:40 hour.Reliance GCX-Alibaba arm to offer cloud solutions >> Grab Free Trials from here- CLICK NOW
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Reliance Communications' subsidiary Global Cloud Xchange (GCX) and Alibaba Cloud will jointly offer cloud solutions to enterprises through the latter's Cloud Express Connect via GCX's Cloud X-Fusion in Singapore, said GCX on Wednesday. The GCX and Alibaba Cloud -- the cloud computing arm of Alibaba Group -- signed an agreement at the Alibaba's Cloud Computing Conference at Nanjing in China to drive business opportunities for enterprise customers.
Reliance Communications' subsidiary Global Cloud Xchange (GCX) and Alibaba Cloud will jointly offer cloud solutions to enterprises through the latter's Cloud Express Connect via GCX's Cloud X-Fusion in Singapore, said GCX on Wednesday. The GCX and Alibaba Cloud -- the cloud computing arm of Alibaba Group -- signed an agreement at the Alibaba's Cloud Computing Conference at Nanjing in China to drive business opportunities for enterprise customers.Axis Bank`s Q4 net profit down 43% >> Get Free Stock Tips
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Lending major Axis Bank on Wednesday reported a decline of 43.13 per cent in its net profit for the fourth quarter (Q4) of Fiscal 2016-17. The company's net profit decreased to Rs 1,225.10 crore from Rs 2,154.28 crore reported in the fourth quarter of 2015-16. "The Bank's net interest income (NII) grew 4 per cent YOY to Rs 4,729 crore during Q4FY17 from Rs 4,553 crore in Q4FY16," the lender said in a statement.
Lending major Axis Bank on Wednesday reported a decline of 43.13 per cent in its net profit for the fourth quarter (Q4) of Fiscal 2016-17. The company's net profit decreased to Rs 1,225.10 crore from Rs 2,154.28 crore reported in the fourth quarter of 2015-16. "The Bank's net interest income (NII) grew 4 per cent YOY to Rs 4,729 crore during Q4FY17 from Rs 4,553 crore in Q4FY16," the lender said in a statement.Tata Motors to use two technologies for BS IV norms
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Automobile major Tata Motors Ltd. on Wednesday said it is ready with Selective Catalytic Reduction (SCR) and Exhaust Gas Recirculation (EGR) technologies for BS IV compliant engines for its commercial vehicles. In a statement issued here, Tata Motors said EGR technology adopted by Tata Motors in 2010 will continue to power small-to-medium category of commercial vehicles with engine power requirements up to 180HP. Additionally, Tata Motors has adopted the SCR technology since 2014 for its Medium and Heavy-Duty Commercial vehicles ranging from 130HP to 400HP.
Automobile major Tata Motors Ltd. on Wednesday said it is ready with Selective Catalytic Reduction (SCR) and Exhaust Gas Recirculation (EGR) technologies for BS IV compliant engines for its commercial vehicles. In a statement issued here, Tata Motors said EGR technology adopted by Tata Motors in 2010 will continue to power small-to-medium category of commercial vehicles with engine power requirements up to 180HP. Additionally, Tata Motors has adopted the SCR technology since 2014 for its Medium and Heavy-Duty Commercial vehicles ranging from 130HP to 400HP.RBI to circulate new10 rupee coins >> Free Stock Tips Provider
The Reserve Bank has said that it will soon put into circulation new Rs 10 coins that have been minted to commemorate the 125th year of National Archives of India. The central bank will also put into circulation new Rs 5 coins to celebrate the 150th anniversary of Allahabad High Court. Commenting on the issue, a RBI Official told the media, “On the reverse of the coin, there will be an image of National Archives Building in the center with inscription '125 YEARS' below the image.”
“The year "1891" and "2016" in English shall be written on the upper and lower periphery of the coin respectively. The year "1916" and "2016" in international numerals shall be written respectively on left and right top of the image,” he added.
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The Reserve Bank has said that it will soon put into circulation new Rs 10 coins that have been minted to commemorate the 125th year of National Archives of India. The central bank will also put into circulation new Rs 5 coins to celebrate the 150th anniversary of Allahabad High Court. Commenting on the issue, a RBI Official told the media, “On the reverse of the coin, there will be an image of National Archives Building in the center with inscription '125 YEARS' below the image.”
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