Wednesday, 14 December 2016

Opening Bell - Nifty, Sensex opens on a marginally lower note

The S&P BSE Sensex is trading at 26,676, down by 22 points, while NSE Nifty is trading at 8,200 down by 21 points.

Share Market Services  | NSE & BSE Market Tips

The S&P BSE Sensex is trading at 26,676, down by 22 points, while NSE Nifty is trading at 8,200 down by 21 points.

Finance Minister Arun Jaitley expects the benefits of demonetisation to seep into the economy as the move towards a cashless system will bring in more people into the tax net. Expectations are a rise in tax collections will allow a lower tax regime in future. For now, tax revenues of the state governments for the current financial year are likely to be weaker than budgeted, according to ICRA.
Commodity market tips

The world and its markets are waiting for the outcome of the Fed meet which is underway since Tuesday; a hike is anticipated by a large section of the market. Global fund flow seems to be coming into equities as investors reportedly invested over US $ 1 billion into passive funds tracking emerging markets while bond exchange-traded funds saw some selling. The rupee shed around 12 paise even as traders remained cautious ahead of the FOMC rate decision.

At a macroeconomic level, withdrawal of old currency notes (demonetisation move) can lead to further short term deflationary effects on perishable commodities. Although there is a threat that sowing activity in the coming months can be impaired due to cash crunch in the rural areas, we sense that prevalent headline inflation remains well below RBI’s target rate of 5%. Moreover, recent fall in food prices has created lot of cushion for any inflationary risks emanating from recovery in oil prices and weak Indian Rupee. Indisputably, the consensus calls for policy action before the end of this fiscal year.

After rallying yesterday and closing on a slightly weaker note, Asian indices today opened on a mixed note, the primary factor is that the investors are taking a cautious route ahead of the outcome of the US monetary policy meet that is to will be conducted later today. When the market opened, Japan's Nikkei 225 opened at 19,270, Hong Kong's Hang Seng started at 22,596, China's Shanghai Composite opened at 3,149, and Singapore's Straits Times opened at 2,963.

Dow closes at record high for seventh session. Furthermore, other indices in the US ended higher on Tuesday ahead of the outcome of the US Federal Reserve's monetary policy meet where the central bank is expected to raise interest rate by 25 bps. Benchmark indices have rallied close to 8% on the expectation that the government will embark on an infrastructure spending spree. When the market closed on Tuesday, Nasdaq Composite ended at 5436, S&P 500 ended at 2271, and Dow Jones Industrial Average closed at 19911, where the indices gained more than 0.50%.

The SGX Nifty 50 December futures were up today after the positive Consumer Price Inflation data for November which may strengthen a case for a cut in interest rates by the Reserve Bank of India. However, sentiment will be in check as investors focus on the outcome of the US Central Bank announcement.




If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , Commodity market tips , call ☎ @ Toll Free Number 📲 18003157801 or fill form 🔗  https://www.tradeindiaresearch.com/freetrial.php

No comments:

Post a Comment

IOC | Dilip Buildcon | Capital First | Premier Explosives | Dhanuka Agritech

Capital First | IDFC Bank | Adani Enterprises | Premier Explosives | Himadri Speciality Chemicals and KNR Constructions are stocks which a...