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MARKETS LIVE: Indices open 1% higher, Nifty above 10,250; RBI policy eyed

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SI Reporter  |  New Delhi 

Markets, Stocks, Shares
A share broker monitors market fluctuation

Market Check S&P BSE Sensex 33,367.00 1.05%   Nifty 50 10,238.90 1.09%   S&P BSE 200 4,507.57 1.18%   Nifty 500 9,078.05 1.14%   S&P BSE Mid-Cap 16,387.99 1.25%   S&P BSE Small-Cap 17,708.55 1.48% MARKET INSIGHT: Understanding retail attitude key to gauging market trends   In March 2018, institutional investors bought Rs 183 billion with both foreign portfolio investors (FPIs) and domestic institutions (DIIs) buying heavily. However, the Nifty fell by 3.6 per cent.   Breadth also went extremely negative with close to 80 per cent of stocks listed on the National Stock Exchange (NSE) losing ground. The bulk of the market and the major indices made record highs in January. By end-March, according to a data analysis by website, Capitalmind.in, two-thirds of the NSE listed stocks were trading below their respective 200-Day Moving Averages (200-DMA). READ MORE Nifty Auto index surges over 1.5% ahead of RBI policy decion COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME TATA MOTORS 353.40 343.10 10.30 3.00 1610974 EICHER MOTORS 28617.70 27990.00 627.70 2.24 4845 TATA MOTORS-DVR 198.20 193.95 4.25 2.19 178274 BHARAT FORGE 730.40 717.50 12.90 1.80 124380 MOTHERSON SUMI 337.70 332.35 5.35 1.61 234768 Metal index gains as trade war fears ease COMPANY LATEST PREV CLOSE GAIN() GAIN(%) VOLUME S A I L 74.70 72.30 2.40 3.32 101799 HINDALCO INDS. 206.70 200.80 5.90 2.94 31512 WELSPUN CORP 138.65 135.05 3.60 2.67 699 JINDAL STEEL 224.95 219.60 5.35 2.44 26689 TATA STEEL 573.85 560.55 13.30 2.37 33272 NIFTY OPTIONS WATCH     ·         Additions in OI were seen in 10100, 9900, 9700 strike Puts and at 10200, 10300, 10400 strike Calls indicating that the market is likely to remain range-bound in near term.   ·         Highest OI build-up is seen at 10500 strike Calls and 10000 strike Puts, to the tune of 3.89mn and 4.42mn respectively.     FII AND VIX   ·         FIIs were net buyers in Cash to the tune of 335.18 Cr. and were net sellers in Index Futures to the tune of 1152.2 Cr.   ·         India VIX increased by 7.60% to close at 16.34 touching an intraday high of 16.48. (Source: Nirmal Bang) Sectoral Trend

Markets opened over 1% higher on Thursday tracking global cues. That apart, Reserve Bank of India's decision on key interest rates due later in the day today is also likely to impact sentiment as trade progresses.

The Monetary Policy Committee (MPC) meeting on April 4-5 - the first in financial year 2018-19 (FY19) - is unlikely to throw any surprises. A status quo on repo rate at 6 per cent, reiteration of a neutral stance, and a balanced tone of the policy statement is widely expected. This is so, as (i) the macro environment has not changed significantly since the last policy meeting in February, and (ii) clarity on potential risks to inflation or growth as highlighted in the previous policy meeting are still awaited.

In the global markets, Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-US trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted.

Sentiment was lifted as the United States expressed willingness to negotiate a resolution to the trade fight after the proposed US tariffs on $50 billion in Chinese goods prompted a quick response from Beijing that it would retaliate by targeting key American imports.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, a day after it hit its lowest level in almost two month. Japan’s Nikkei gained 1.2 per cent.

On Wall Street on Wednesday, the S&P 500 gained 1.16 per cent and the Nasdaq Composite added 1.45 per cent, clawing back heavy losses of more than 1.5 per cent right from earlier in the US session.

(with inputs from Reuters)

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First Published: Thu, April 05 2018. 09:15 IST

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MARKETS LIVE: Indices open 1% higher, Nifty above 10,250; RBI policy eyed

Catch all the market action here

Catch all the market action here

Markets opened over 1% higher on Thursday tracking global cues. That apart, Reserve Bank of India's decision on key interest rates due later in the day today is also likely to impact sentiment as trade progresses.

The Monetary Policy Committee (MPC) meeting on April 4-5 - the first in financial year 2018-19 (FY19) - is unlikely to throw any surprises. A status quo on repo rate at 6 per cent, reiteration of a neutral stance, and a balanced tone of the policy statement is widely expected. This is so, as (i) the macro environment has not changed significantly since the last policy meeting in February, and (ii) clarity on potential risks to inflation or growth as highlighted in the previous policy meeting are still awaited.

In the global markets, Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-US trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted.

Sentiment was lifted as the United States expressed willingness to negotiate a resolution to the trade fight after the proposed US tariffs on $50 billion in Chinese goods prompted a quick response from Beijing that it would retaliate by targeting key American imports.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, a day after it hit its lowest level in almost two month. Japan’s Nikkei gained 1.2 per cent.

On Wall Street on Wednesday, the S&P 500 gained 1.16 per cent and the Nasdaq Composite added 1.45 per cent, clawing back heavy losses of more than 1.5 per cent right from earlier in the US session.

(with inputs from Reuters)

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Business Standard
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MARKETS LIVE: Indices open 1% higher, Nifty above 10,250; RBI policy eyed

Catch all the market action here

Markets opened over 1% higher on Thursday tracking global cues. That apart, Reserve Bank of India's decision on key interest rates due later in the day today is also likely to impact sentiment as trade progresses.

The Monetary Policy Committee (MPC) meeting on April 4-5 - the first in financial year 2018-19 (FY19) - is unlikely to throw any surprises. A status quo on repo rate at 6 per cent, reiteration of a neutral stance, and a balanced tone of the policy statement is widely expected. This is so, as (i) the macro environment has not changed significantly since the last policy meeting in February, and (ii) clarity on potential risks to inflation or growth as highlighted in the previous policy meeting are still awaited.

In the global markets, Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-US trade tensions, with investors hoping a full-blown trade war between the world’s two biggest economies can be averted.

Sentiment was lifted as the United States expressed willingness to negotiate a resolution to the trade fight after the proposed US tariffs on $50 billion in Chinese goods prompted a quick response from Beijing that it would retaliate by targeting key American imports.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, a day after it hit its lowest level in almost two month. Japan’s Nikkei gained 1.2 per cent.

On Wall Street on Wednesday, the S&P 500 gained 1.16 per cent and the Nasdaq Composite added 1.45 per cent, clawing back heavy losses of more than 1.5 per cent right from earlier in the US session.

(with inputs from Reuters)

image
Business Standard
177 22