Call:MMMFS CASH INTRADAY: BUY JUBLFOOD ABOVE 1193.50, TGTS 1202.00-1214.00-1222.00 SL 1181.00

MMMFS CASH INTRADAY: BUY JUBLFOOD ABOVE 1193.50, TGTS 1202.00-1214.00-1222.00 SL 1181.00

Money Market Manthan

  US indices hit fresh all time highs as oil prices continue pullback with energy stocks joining the rally. US Dollar hits September lows as bearish bets mount on the currency with bond yields also seeing some weakness.

 

  Asian indices opened in the green for another day with most indices now trading at fresh highs. With US Dollar weakness most ETF flows are gathering further momentum with Asian indices seeing strong inflows into equity markets. Despite overbought conditions the trend seems strongly upwards as liquidity surges to highest levels in 2017.

 

  Nifty hit 9900 before closing marginally lower as profit booking set in late on Friday. For today expect a strong start above 9900 with profit taking again expected in second half as local mutual funds book profit.

 Corporate results will be the key as large cap stocks report earnings this week. For today PSU banks and Gas utilities could see upside while profit booking could emerge in Metals and FMCG counters. 

  Technical view: Nifty finds strong support around 9850 while 9935 will act as resistance on the upside. Bank Nifty finds support around 23750 while 24100 will act as initial resistance on the upside.

 

  Derivative Snippets

  In the last trading session, Nifty took a breather as the index hinted marginal profit booking. Nifty 9800CE witnessed short covering, while 9800PE saw fresh short build-up, indicating a continued upward momentum. 

Bank Nifty 24000CE added fresh long position. 

DIIs were net buyers in cash market segment to the tune of Rs 674 Cr.

FII’s long/short ration stands at 2x.

  Corporate Snippets:

  Britannia is scouting for profitable growth opportunities, especially in the bakery segment, to strengthen its position as a leading food company in the country, according to the company's annual report. (ET)

 

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Nifty ends below 8200, Sensex tanks 232 pts; auto, bank slide

                               

 The market has ended sharply lower. The Sensex ended down 231.94 points or 0.8 percent at 26515.24 and the Nifty was down 90.95 points or 1.1 percent at 8170.80. About 1107 shares advanced, 1544 shares declined, and 132 shares were unchanged. 

ONGC, TCS, NTPC, Sun Pharma and L&T were gainers while Asian Paints, Axis Paints, Bajaj Auto, Hero MotoCorp and Tata Motors are losers in the Sensex.

 MMMFS MARKET CLOSING BUZZ:
NIFTY 50 FUT- 8183.00, -94.00
NIFTY BANK FUT- 18425.00, -297.65
SENSEX - 26510.83, -236.35

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Sensex falls over 100 pts, Nifty holds 8200; IT stocks skid --- 12 Dec 2016

                           

The market has opened weak but the Nifty is holding 8200. The 50-share index is down 36.40 points or 0.4 percent at 8225.35 and the Sensex is down 86.61 points or 0.3 percent at 26660.57. About 199 shares have advanced, 99 shares declined, and 29 shares are unchanged.

The 30-share index was trading 143 points lower or 0.53 per cent at 26,604. It touched a high of 26,725.31 and a low of 26,594.56 in morning trade. 

ONGC (up 2.3 per cent), SBI (up 0.5 per cent), M&M (up 0.41 per cent) and Sun Pharma (up 0.3 per cent) were the major Sensex gainers. 

Infosys (down 2 per cent), Axis Bank (down 1.7 per cent), Asian Paints (down 1.3 per cent), and Wipro (down 1.1 per cent) were the major Sensex losers. 

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Market ends at new 1-month record closing high; ITC, SBI gain

                                 

                                      

                                 

The market has ended at 1-month record closing high. the Sensex is up 52.90 points or 0.2 percent at 26747.18, and the Nifty is up 14.90 points or 0.2 percent at 8261.75. About 1436 shares advanced, 1180 shares declined, and 182 shares were unchanged. 

SBI, ICICI Bank, ONGC, Axis Bank and ITC were gainer while Bajaj Auto, Coal India, HDFC, M&M and Cipla were losers in the Sensex.

 MMMFS MARKET CLOSING BUZZ:
NIFTY 50 FUT- 8275.10, +19.45
NIFTY BANK FUT- 18720.00, +161.45
SENSEX - 26747.18, +52.90

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Nifty opens above 8250, Sensex rises; Adani, Hero, Maruti gain --- 9 Dec 2016

                                     

The market has opened firm as the Sensex is up 105.86 points or 0.4 percent at 26800.14. The Nifty is up 24.85 points or 0.3 percent at 8271.70. About 223 shares have advanced, 41 shares declined, and 9 shares are unchanged.

Adani Ports, Hero MotoCorp, Bharti Airtel, Maruti Suzuki and Coal India while Dr Reddy's Labs and Wipro are losers in the Sensex. 

The Indian rupee has opened lower by 14 paise at 67.49 per dollar on Friday versus previous close 67.35.

The 30-share index was trading 53 points higher or 0.20 per cent at 26,747. It touched a high of 26,803.26 and a low of 26,732.47 in morning trade. 

The S&P BSE Midcap Index was up 0.14 per cent and BSE S&P Smallcap Index was trading 0.38 per cent higher. 

ONGC (up 1.4 per cent), Adani Ports (up 1.5 per cent), Bharti Airtel (up 1.3 per cent) and Asian Paints (up 1.02 per cent) were the major Sensex gainers. 

MMMFS OPENINIG BUZZ:

NIFTY 50 FUT- 8275.15, +19.50

NIFTY BANK FUT- 18592.00, +33.45

SENSEX - 26787.14, +92.86

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Nifty claws back 8200, Sensex rises over 300 pts; autos lead --- 8 Dec 2016

                                             

  The Sensex is up 316.55 points or 1.2 percent at 26553.42, and the Nifty up 98.00 points or 1.2 percent at 8200.05. About 1177 shares have advanced, 219 shares declined, and 59 shares are unchanged.

Tata Motors, Tata Steel, Adani Ports, Maruti and Infosys are top gainers while Dr Reddy's Labs is down.

The 30-share index was trading 251 points higher or 0.96 per cent at 26,488. It touched a high of 26,493.16 and a low of 26,357.35 in morning trade. 

The Nifty50 was trading at 8,181 up 79 points or 0.98 per cent. It touched a high of 8,183.25 and a low of 8,151.75 in the first 30 minutes of trade. 

The S&P BSE Midcap Index was up 0.81 per cent and BSE S&P Smallcap Index was trading 0.78 per cent higher. 

Tata Steel (up 2.1 per cent), Adani Ports (up 1.7 per cent), SBI (up 1.5 per cent) and Maruti Suzuki (up 1.7 per cent) were the major Sensex gainers. 

MMMFS OPENINIG BUZZ:

NIFTY 50 FUT- 8176.00, +52.65

NIFTY BANK FUT- 18377.00, +116.00

SENSEX - 26366.52, +129.65

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