Wednesday, August 24, 2016

Nifty volatile ahead of F&O expiry; Midcap outperforms

The broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.5 percent each.

Equity benchmarks continued to consolidate for the third consecutive session with the Nifty hovering around 8650 level ahead of expiry of August derivative contracts.

The 30-share BSE Sensex was up 29.20 points at 28019.41 and the 50-share NSE Nifty gained 12.05 points at 8644.65 while the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.5 percent each.

About two shares advanced for every share falling on the exchange.

Infosys rallied for the second consecutive day, up 1.7 percent. Maruti Suzuki and NTPC gained 2 percent each while Lupin shed 1.7 percent.
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Tuesday, August 23, 2016

BSE to drop Transport Corporation from S&P indices

TCI would be shifted out of S&P BSE 500, S&P BSE AllCap, S&P BSE Industrials, S&P BSE MidSmallCap and S&P BSE SmallCap.

Top bourse BSE has decided to drop Transport Corporation of India (TCI) from its indices from August 26, as the logistics firm is demerging its express distribution business into a wholly-owned subsidiary.

TCI would be shifted out of S&P BSE 500, S&P BSE AllCap, S&P BSE Industrials, S&P BSE MidSmallCap and S&P BSE SmallCap.

The company would be replaced by Infibeam Incorporation   Ltd on S&P BSE 500 from August 26.

"Transport Corporation of India is demerging its express distribution business effective August 26, 2016," BSE said in a statement.

"Effective at the open of Friday, August 26, 2016...

changes will be made to the...indices," it added.

Last year, TCI's board had approved the demerger of its express distribution division undertaking into wholly-owned subsidiary TCI Express Ltd.
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Monday, August 22, 2016

See Nifty open on negative note: Maximus Securities

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 7 points at the opening bell, according to Maximus Securities.

F&O Outlook:

Nifty PCR-OI has remained flat at 1.03 compared to previous trading session. PE of 8600 and CE of 8700 are the highest number of contracts traded.

Opening for the Day:

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could loose 7 points at the opening bell.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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Wednesday, August 17, 2016

Gold treads water on US Fed rate views; awaits July minutes

Spot gold was nearly flat at USD 1,345.80 an ounce at 0104 GMT. The metal rose 0.5 percent on Tuesday.

Gold was little changed early on Wednesday as hawkish comments from US Federal Reserve officials raised bets on a rate hike this year and traders await minutes of the last Fed policy meeting for more clues.

FUNDAMENTALS

* Spot gold was nearly flat at USD 1,345.80 an ounce at 0104 GMT. The metal rose 0.5 percent on Tuesday.

* US gold slipped 0.4 percent to USD 1,351.90 an ounce.

* The Fed is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak US economic growth in the first half of 2016.

* New York Fed President William Dudley said a rate hike in September was possible, while Atlanta Fed President Dennis Lockhart said the US economy is likely strong enough for at least one rate increase before the end of 2016, with two a possibility.

* Traders saw a 55 percent chance for the Fed to raise rates in December, up from 42 percent on Monday.

* US consumer prices were unchanged in July as the cost of gasoline fell for the first time in five months and underlying inflation moderated, while US housing starts unexpectedly climbed and industrial production rose more than forecast in the same month.

* The dollar edged away from 7-week lows against the yen and euro on Wednesday following hawkish comments from the Fed officials.

* The dollar index was little changed at 94.811 after losing 0.8 percent on Tuesday, when it touched a 7-week trough of 94.426.

* Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.19 percent to 962.23 tonnes on Tuesday.

MARKET REPORT

* Asian shares stepped back from a one-year high on Wednesday following comments from the Fed officials, prompting investors to pause after rallies in recent weeks.
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