Monday, 10 April 2017

Market consolidation to continue; stay stock-specific; Rupee on a high! What's in store

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Tue, Apr 11, 2017 | 09:00 AM IST

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MONEY & MARKETS
Consolidation likely to continue; maintain stock-specific approach

The 9,230 and 9,295 levels will act as immediate resistance for the Nifty50 while supports are expected to come in at 9,150 and 9,115 levels.

Top cues that changed your market while you were sleeping

A number of goods such as cosmetics, shaving creams, shampoo, toothpaste, soap, plastics, paints and some consumer durables could become cheaper under GST.

LIVE BLOG: Look who is moving my market today

A rising rupee, boiling crude oil prices and mixed global cues may make the domestic equity market consolidate further on Tuesday.

IN FOCUS: Top stocks to watch in today's trading session 
need2know: Seven things you must know to start your day 
TECH VIEW:: Nifty50 makes 'Bearish Belt Hold' pattern on charts 
It just gets worse for an IT industry feeling the pain
View: Are home loan amounts offered by Indian banks too conservative?
D-Mart now the most expensive retailer in the world
Dry spell for liquor stocks in ban season
Market Watch 11 Apr | 09:00AM|
SENSEX NIFTY USD/INR GOLD
29624.59
48.85
9141.05
-40.40
64.56
0.28
28756.0
72.0
Gainers Losers 11 Apr, 2017, 09:00AM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
52W - Highs 52W - Lows 11 Apr, 2017, 09:00AM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
Jindal Worldwide 376.35 19.99 9939 376.35 323.00
Elegant Marbles 178.55 19.99 31115 178.55 165.00
Manaksia Steels Ltd. 16.47 19.96 55041 16.47 13.85
Sterling Bio 5.29 19.95 378615 5.29 4.22
Archies Ltd 33.55 19.40 2752589 33.70 28.00

STREET VOICE

Next two quarters will be uncertain for liquor stocks: Abneesh Roy, Edelweiss

There are too many moving parts. So as of now, we would continue to be away from the liquo...

Abneesh Roy

MACROS THAT MATTER
First time in over six years, rupee may surge to 63/$ in a month 

One brokerage said the currency could even touch 60 to a dollar in the coming months, buoyed by strong foreign fund flows and an improved economic climate.

70% of all goods and some consumer durables to become cheaper 
UP loan waiver puts 3 CMs in a spot, Punjab may announce farmers' relief 
GST impact: How enforcing input tax credit can hurt the SME economy
Flipkart raises $1.4b from Tencent, eBay & Microsoft, buys eBay India
Experts divided over Kunal Bahl's letter to Snapdeal employees
Uday has improved payment situation, not power offtake: Tata Power MD
Runaya Metsource to form precision applications JV with Rusal
REC looks to finance manufacturing, coal block development
PM Modi to kick off month long campaign to promote cashless transactions
OPINION/ BLOG
How Aadhaar provides perfect opportunity to strengthen privacy laws How Aadhaar provides perfect opportunity to strengthen privacy laws

The latest in the series is the requirement for an Indian resident to quote Aadhaar in her tax return. Some taxpayers...

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