WEEKLY EQUITY REPOTY-27 Jan To 31 Jan 2015

INDIAN BENCHMARKS rose nearly 4% led by comments from International Monetary Fund and ECB stimulus which pushed markets to mark fresh record closing high. International Monetary Fund (IMF) on 19 January 2015, announcing India's economy will be world's fastestgrowing major economy in the year through March 2017, the European Central Bank (ECB) announcing a massive new bond-buying program on 22 January 2015.

Further, Finance Minister Arun Jaitley will present his first full-year budget on February 28 for the 2015/16 fiscal year, a government official said on Wednesday. February 28 is a Saturday. The parliament session will begin on February 23 and will continue till March 20. The new fiscal year begins on April 1. 

The INDIAN BENCHMARKS surged 1,156.95 points or 4.11% to settle at 29,278.84, while CNX Nifty jumped 321.80 points or 3.77% to settle at 8,835.60, a record closing high for the index.

GLOBAL MARKET CHASE

ASIAN STOCKS average rose to a near one-month high on Friday as investors' risk appetite was buoyed after the European Central Bank unveiled a bond-buying scheme to help revive the region's economy and stave off deflation. 

U.S. STOCKS index futures poised for a higher opening at the Wall Street on Friday. 

EUROPEAN STOCKS rose in early trade, enjoying their best two-week rally in five years, as investors cheered the European Central Bank's decision to buy government bonds. 

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

INDIAN EQUITY MARKET WRAP UP-30 Jan 2015

INDIAN BENCHMARKS fall 1.6 pct; banks, Coal India slump

INDIAN EQUITY BENCHMARKS slumped after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.. The S&P BSE Sensex and CNX Nifty ended 1.68%-1.60% lower each.

                                

HCL Tech surges as Q2 nos beat the street on all counts

BOB Q3 net profit plunges; Asset Quality Worsens

Andhra Bank reports strong Q3 earnings

ICICI Bank Q3 disappoints; Asset quality worsens

Dabur India Q3 consolidated net profit up 16% (YoY)

The crucial resistance for Nifty is now seen at 8950 and above this 9015. Support for the immediate term is now placed at 8785 and next support will be 8705.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

TOP CORPORATE NEWS-30 Jan 2015

Coal India drops over 3% on offer for sale

Shares of Coal India slipped over 3% to Rs363.70 on NSE in opening moves to Rs362 levels, after the government’s offer for sale (OFS) opened for subscription today.

Coal India OFS to open today; sale floor price set at Rs358/Share (retail investors to get 5% discount on discovered price) – Attractive price for investors given the improving volume growth outlook, healthy balance sheet and high dividend yield. 

HCC spurts 16% as higher execution led to earnings growth

Shares of Hindustan Construction Company ( HCC)  rallied 16% to Rs33.80 on NSE after reporting a five-fold jump in standalone net profit at Rs27.1 crore for the quarter ended December 31, 2014 (Q3), on the back of a higher turnover. The stock opened at Rs31.90 and hit a high of Rs34.30 on NSE. The infrastructure major had posted a net profit of Rs 5.4 crore for the corresponding quarter a year ago.

Bharti Airtel falls 2% on stake sale plans to Kotak Bank

Shares of Bharti Airtel falls 2% to Rs368.80 on NSE on plans to sell 19.39% stake in its payment banking venture to Kotak Mahindra Bank – Positive for Kotak Bank as well as Bharti Airtel.

Bharti Airtel announced that it’s wholly owned subsidiary Airtel M Commerce Services Limited (AMSL) is seeking to convert its existing Prepaid Payment Instrument license into a Payments Bank license to be issued by the Reserve Bank of India.

Tata Motors to raise Rs7,500 crore via rights issue

Tata Motors management has proposed a rights issue to the tune of Rs7,500 crore. Proceeds from the issue will be utilized to fund a portion of the ongoing capital expenditure, increase investments in subsidiaries to support future growth opportunities and partly to de-leverage the balance sheet and build financial flexibility.

Government to infuse funds into stalled road projects

The road ministry has proposed to allow road developers to borrow additional funds from the NHAI required to complete stalled projects at a rate lower than that offered by banks. The move if implemented will help the execution of stalled projects which were unable to complete owing to want of funds and banks unable to lend additional loans. The development is positive for the road sector especially players like IRB Infrastructure, IL&FS Transportation, Ashoka Buildcon, Sadbhav Engineering among others.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

DAILY COMMODITY MARKET STRATEGY-30 Jan 2015

BULLION

Gold April future has gained 0.3 per cent in early morning deals at $ 1,260.40.Silver March delivery has advanced 0.6 per cent at $ 16.877.Platinum April contract are also trading higher by 0.4 per cent at $ 1,226.40.

ENERGY

Crude Oil March future is trading on a soft note at $ 44.54.Brent Oil March expiry is marginally down at $ 48.99.Natural Gas March future is now quoted at $ 2.710 - down 0.5 per cent.

The MCX Natural Gas February futures have tumbled for the second straight day. On Thursday, the energy futures seek support at the lower-end of the Bollinger Band at Rs 166.8, before signing off the day with a significant loss of 3.5 per cent at Rs 167.6 as the NYMEX Natural Gas prices hit 28-month low after bearish storage data.

BASE METAL

Copper March delivery has shed around a per cent at $ 2.439.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

Nifty races towards 9000, Sensex firm

It is a record high opening as the Nifty approaches 9000-mark on first day of February F&O series. The 50-share index is up 44.20 points at 8996.55. The Sensex is up 140.11 points at 29821.88, and the Nifty About 497 shares have advanced, 115 shares declined, and 151 shares are unchanged.

Coal India is down 4 percent as its offer-for-sale opens today. Bharti Airtel, HDFC, Tata Motors, SBI and Sesa Sterlite are top gainers in the Sensex.

The Indian rupee has opened at 61.79 per dollar, up 7 paise compared to previous day's closing value of 61.86 a dollar.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

INDIAN EQUITY MARKET OUTLOOK-30 Jan 2015

INDIAN BENCHMARKS are likely to open on a positive note as the global cues look supportive with SGX Nifty trading 41.00 points lower.  

                              

Events for the day:

Coal India Offer for sale opens today      

FURTHER,  Results on January 29, 2015

ICICI Bank, BoB, Andhra Bank, HCL Technologies, Tech Mahindra, Siemens, Dabur India, Berger Paints, Tata Global, Monsanto India, IFCI, Adani Enterprises, JSW Steel, Thermax, NTPC, Engineers India, PVR, SPARC, eClerx Services

Trend in FII flows: The FIIs were net buyers of Rs 1723.77 cr in the cash segment on Thursday while the DIIs were net sellers of Rs. - 1680.09 cr, as per the provisional figures released by the NSE.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

INDIAN EQUITY MARKET WRAP UP-29 Jan 2015

INDIAN BENCHMARKS higher; NSE posts 10 straight sessions of gains

INDIAN EQUITY BENCHMARKS gained 0.4 percent, rising for a tenth consecutive session, its longest winning streak since September 2007, as shares of capital goods firms rose ahead of the fiscal budget next month and oil retailers benefited from a slump in crude prices. The S&P BSE Sensex and CNX Nifty ended 0.41%-0.43% higher each.

                                

OBC Q3 disappoints; Asset Quality Worsens

Asian Paints Q3 below estimates; Consolidated net profit at Rs368 cr

Dr Reddys Lab consolidated Q3 net profit at Rs575 crore

HDFC Q3 Profits In-Line with Estimates

Sesa Sterlite Q3 consolidated net profit down 15% (YoY)

The crucial resistance for Nifty is now seen at 8995 and above this 9050. Support for the immediate term is now placed at 8835 and next support will be 8755.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

TOP CORPORATE NEWS-29 Jan 2015

Allahabad Bank plans to raise Rs1000 crore via preferential allotment

Allahabad Bank is planning to raise up to Rs1,000 crore through issue of equity shares to government on a preferential basis. The bank has decided to convene an EGM on March 10 to get approval of shareholders for the preferential allotment.

Induslnd Bank announces launch of Chelsea Brand Credit Card

Induslnd Bank has partnered with Chelsea Football Club to launch a Co-Brand Credit Card, the first of its kind in the Indian market. Induslnd Bank strongly believes in providing innovative solutions to its customers. In recent times, football has seen a surge in viewership in the Indian Subcontinent, with Chelsea having a large fan base in India. With this partnership, IndusInd Bank hopes to provide Indian Chelsea fans a strong sense of connect and affilliation with the globally popular football club.

Gateway Distriparks consolidated Q3 net profit at Rs54 crore

After Initial Public Offering by Snowman Logistics Limited ('SLL', a Subsidiary Company till September 08, 2014), the Group’s shareholding in SLL has reduced to 40.41%. Hence, SLL is treated as an Associate Company with effect from September 09, 2014.The excess of the Group share of net assets of SLL over the cost of investment as on September 09, 2014 (the date on which SLL ceased to be a subsidiary), amounting to Rs2,853.75 Lacs, has been treated as Capital Reserve and is netted off against the carrying value of Investment.

HDFC Q3 Profits In-Line with Estimates

Net profit at Rs1425.49 crore vs Rs1277.71 crore (YoY).Total Income at Rs6882.52 crore vs Rs6030.93 crore (YoY)HDFC reported net profit of Rs1425.5 crore, a growth of 11.6% YoY (up 18.4% YoY ex-deferred tax liability).The income from operations increased by 13% YoY, supported by 14% YoY growth in the loan book (including loans sold).Asset quality remains healthy as gross NPAs were at 0.69% similar to that in Q2FY15.  The reported spreads expanded to 2.31% from 2.29% in Q2FY15.

Dr Reddys Lab consolidated Q3 net profit at Rs575 crore

Dr Reddy’s Lab has reported a moderate performance in Q3FY2015, as reflected in net sales rising by 8.8% YoY to Rs3843 crore on the back of 21% jump in its Pharma Services and Active Ingredients (PSAI) segments. The company recorded a 9% decline in Russian business, which is facing currency depreciation. Ex-Russian business from Emerging Markets grew by 51%.Revenue from Indian grew by 11% while US business posted a 4% growth during the quarter. Gross profit margin declined by 237Bps YoY to 58.2% but operating profit margin declined by 286Bps YoY to 20.2%

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

CRUDE OIL OUTLOOK FOR 29 JAN 2015

The MCX Crude Oil February futures continue to consolidating in a range of Rs 3,015-2,647, which is the 20-DMA and lower-end of the Bollinger Band, respectively.

Yesterday, the energy futures tested a low of Rs 2,762, before signing off the day - with a significant loss of 2.5 per cent (Rs 70) at Rs 2,941 as NYMEX Crude Oil prices tested 6-year low at $ 44.81 per barrel yesterday.

In case of further decline in Crude Oil futures may take prices towards the lower-end of the Bollinger Band at Rs 2,647-odd level on the daily charts.

On the other hand, the energy futures are expected to face resistance around 20-DMA (Daily Moving Average).

MCX Crude Oil February contract today may face resistance around Rs 2,798-2,806-2,814, while seek support around Rs 2,746-2,738-2,730.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

Sensex, Nifty open in red; Coal India dips 4%, HDFC Bank up

The Market opens in red on January F&O series expiry today. The Sensex is down 42.69 points at 29516.49 and the Nifty slips 12.80 points at 8901.50. About 350 shares have advanced, 193 shares declined, and 168 shares are unchanged.

Coal India is down 4 percent while ICICI Bank, Sesa Sterlite, SBI and Sun Pharma are among laggards. 

Top gainers are HDFC Bank, Maruti, GAIL, Tata Power and GAIL.

The Indian rupee has opened at 61.43 a dollar, down 2 paise compared to previous day's closing value of 61.41 a dollar.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

INDIAN EQUITY MARKET OUTLOOK-29 Jan 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look mixed with SGX Nifty trading 13.00 points lower.

  

Results on January 29, 2015

Ashok Leyland, Asian Paints, HDFC, HCC, Trent, SSLT, Dr Reddy's Labs, OBC, Shriram City Union, ICRA, Gateway Distriparks, IDFC, IIFL Holdings, SKS Microfinance              

                

FURTHER,  Snowman Logistics' Q3 net up 156%,Zee Entertainment launches Zee World in South Africa,RIL, BP to invest about Rs6000 cr to improve gas recovery

Trend in FII flows: The FIIs were net buyers of Rs 1723.17 cr in the cash segment on Wednesday while the DIIs were net sellers of Rs.  -1292.7cr, as per the provisional figures released by the NSE.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

ROCKING PERFORMANCE OF THE DAY

STOCK FUTURES:

PREMIUM FUTURES

TITAN  FUTURES BUY  CALL 3  TGT

NIFTY FUTURES:

NIFTY FUTURES BUY  CALL SL TRIGERRED

OPTION:

RECLTD  330  CALL  BUY  CALL  3  TGT

TITAN  410  CALL  BUY  CALL  2 TGT

STOCK CASH:

STOCK CASH INTRADAY:

BF UTILITIES SELL CALL 1 TGT

ROLTA INDIA  BUY  CALL  SL TRIGERRED

STOCK CASH PREMIUM:

TUBE INVESTMENTS  BUY  CALL  3  TGT

RECLTD   BUY  CALL  2  TGT

TITAN INDUSTRY BUY CALL 2 TGT 

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

INDIAN EQUITY MARKET WRAP UP-28 Jan 2015

INDIAN BENCHMARKS retreat from record highs on profit-taking

INDIAN EQUITY BENCHMARKS hit a record high for a sixth consecutive session before succumbing to profit-taking as blue-chips, including lenders, rose on hopes the U.S. Federal Reserve could take a dovish stance in its post-meeting statement later in the day. The S&P BSE Sensex fell 0.04% and CNX Nifty ended 0.04% higher.                            

• Aban Offshore Q3 consolidated net up 62% (YoY)
• Sintex Industries reports strong Q3 earnings
• Ranbaxy Q3 earnings losses widen
• Adani Power Consolidated Q3 net loss at Rs429 crore

The crucial resistance for Nifty is now seen at 8995 and above this 9055. Support for the immediate term is now placed at 8830 and next support will be 8755.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

TOP CORPORATE NEWS-28 Jan 2015

JP Power likely to default on payments for convertible bonds

Jaiprakash Power Ventures said it was likely to default on payments for convertible bonds worth $200 million due on February 13 this year, as it could not generate enough revenue from its operations.

Jaiprakash, which has been weighed down by debts and a sharp downturn in the performance of the Indian power sector, said in a statement on Wednesday the company was confident of its ability to pay its dues under the bonds by March 31, 2016.

GMR Infra arm raises funds via bonds

GMR Infrastructure announced that its subsidiary, Delhi International Airport has successfully raised US$288,750,000 in the international bond market. DIAL has entered into a Purchase Agreement to issue and allot US$288,750,000 in principal amount of 6.125% senior secured fixed rate notes due 2022. The proceeds from the Notes will be used to refinance one of the current outstanding External Commercial Borrowing ( ECB).

Cyient secures prestigious 2014 Supplier Innovation Award

Cyient announced that it was awarded the 2014 Supplier Innovation Award at the annual supplier event held in East Hartford, Connecticut, USA and hosted by the Global Engineering Sourcing Group of Pratt & Whitney, a division of United Technologies Corporation. This is the third win and second consecutive time when this honour was bestowed on Cyient.

Maruti Suzuki to dedicate capacity of 100,000 at its Gurgaon plant

Maruti Suzuki aims to dedicate a capacity of up to 100,000 at its Gurgaon plant to a new light commercial vehicle (LCV). Likely to be called the ‘Super Carry’, the LCV will be launched in the April-June quarter.

According to industry, the Super Carry would first be launched with an 800 cc diesel engine, and a CNG variant powered by a 1.2 litre engine next year. For the first year, Maruti has provided a production target of 80,000 LCVs to suppliers, which indicates a monthly volume of nearly 7,000. Positive for the stock.

Symphony to launch new air cooler for Indian market

Symphony Limited to launch new air cooler specially for Indian market: Positive for the company.The Company has come out with new range of cooler with capacity of 4,6,10 and 12 tonne which will be largely used by small industries, larges houses and also commercial complex’s. Currently it will be imported from Mexico, post April 2015 it will be full manufactured in India with technical expertise from Impco (Wholly owned subsidiary of Symphony limited).

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

DAILY COMMODITY MARKET STRATEGY-28 Jan 2015

BULLION

Gold April future is marginally down at $ 1,291.40.Silver March contract has declined 0.4 per cent at $ 18.017.Platinum April delivery has also moved down 0.3 per cent at $ 1,260.90.

ENERGY

Crude Oil March expiry has tumbled around 2 per cent to $ 45.43.Brent Oil and Natural Gas March contracts are trading with a loss of 0.3 per cent each at $ 48.98 and $ 2.878, respectively.

The MCX January futures for Natural Gas have been trading higher for the second straight day. Yesterday, the energy contracts faced resistance around the 20-DMA (Rs 186), but however trimmed gain and ended with a gain of 0.6 per cent at Rs 184 owing to its January series expiry on 27 January, 2015.

BASE METAL

Copper March expiry is trading on a flat note at $ 2.466.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

Sensex, Nifty flat despite weak global cues; Maruti rallies

The market consolidates with negative bias in early trade Wednesday ahead of outcome of FOMC's two-day meeting (that will end tonight) and expiry of January derivative contracts (on Thursday).

The Sensex declined 5.32 points to 29565.72 and the Nifty slipped 7.75 points to 8902.75 despite weak global cues.

Tata Motors and Tata Steel falls over a percent while Maruti gained more than 1.5 percent.

The Indian rupee fell marginally in early trade today. The currency has opened at 61.50 a dollar, down 11 paise compared to previous day's closing value of 61.39 a dollar.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

INDIAN EQUITY MARKET OUTLOOK-28 Jan 2015

INDIAN BENCHMARKS are likely to open on a cautious note as the global cues look mixed with SGX Nifty trading 20.00 points lower.

  

Results on January 28, 2015

Sintex Industries, Alstom T&D, Ranbaxy Lab, Aban Offshore, Pidilite Industries, Havells India, Torrent Pharma, Emami, Welspun Corp, Ajanta Pharma, Adani Power, Adani Ports, Just Dial.

                         

FURTHER, Airtel to expand 4G in six more circles; inks pact with Nokia.CMC-TCS deal gets no-objection from BSE, NSE.Johnson to buy 25.74% stake in Hitachi via open offer.

Trend in FII flows: The FIIs were net buyers of Rs 953.51 cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. -783.34 cr, as per the provisional figures released by the NSE.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

INDIAN EQUITY MARKET WRAP UP-27 Jan 2015

INDIAN BENCHMARKS surge to record high for 5th straight session

INDIAN EQUITY BENCHMARKS hit a record high for a fifth consecutive session after a deal that could open the door for U.S. companies to build nuclear reactors in the country boosted firms expected to benefit such as Larsen & Toubro. The S&P BSE Sensex and CNX Nifty ended 1.00% and 0.85% higher each..

Union Bank Q3 nos disappoints; Asset Quality Worsens

Maruti Suzuki Q3 below street estimates

Godrej Properties Q3 consolidated net profit up 26% (YoY)

The crucial resistance for Nifty is now seen at 8945 and above this 8985. Support for the immediate term is now placed at 8810 and next support will be 8750.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

TOP CORPORATE NEWS-27 Jan 2015

Ashoka Buildcon completes refinancing debt of Rs324 Crore

Ashoka Highways (Bhandara) Ltd, Which executes the Project to carry on the business of construction, operation, maintenance of Chattisgarh/Maharashtra Border Wainganga Bridge of NH -6 in the State of Maharashtra under NHDP Phase IIIA on Build, Operate and Transfer (BOT) basis, has completed refinancing of its debt of Rs324 Crore with ICICI Bank Ltd. After refinancing the interest cost has been reduced to 11.50% p.a. resulting in a saving of 1.50% p.a. and extension of repayment period – positive for the stock.

Wipro wins Rs900 crore Irish bank IMS contract

Wipro has won a $150 million (Rs900 crore) IT outsourcing deal from the Allied Irish Banks (AIB), one of the big four commercial banks in Ireland. Company will provide infrastructure management services (IMS), data centre and hosting services to AIB over five years. Its provide a gateway to participate in other IT deals including the Bank of Ireland contract that's coming up for renewal later this year.

Maruti Suzuki Q3 below street estimates

Maruti Suzuki Q3FY2015 Results: Operating margins beat estimates; however lower other income results in a net profit below estimates. Maruti Suzuki (MSIL) continued to report strong traction in volumes and reported a 12.4% YoY growth in volumes for the quarter which led to a 15.4% growth in revenues for the company to Rs12,576 crore.The gross margins for the company expanded by 114BPS  which helped in a 30BPS QoQ operating margin expansion to 12.7% and higher than our expectation of 12.5%. Operating profit grew 17.6% YoY to Rs1,593 crore.

Max India set for mega corporate restructuring

Max India board approves Corporate Restructuring plan to vertically split the company throught a demerger, into three separate listed companies, to give investors specific and undiluted access to its diverse lines of businesses, provide sharper focus to each underlying business, and unlock shareholder value. The Board also approved divestment of its clinical research business.

Supreme Infra rises on plans to issue shares to QIBs

Supreme Infrastructure India said that the Investment committee of the company at its meeting held on January 23, 2015, decided to issue and allot 36.06 lakh equity shares of face value Rs10 each to eligible qualified institutional buyers ( QIBs) at a price of Rs277.39 per equity share (including a premium of Rs267.39 per equity share), aggregating approximately Rs100.03 crore.Shares will be alloted to QIBs at a premium of 2.18% over the ruling price.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

DAILY COMMODITY MARKET STRATEGY-27 Jan 2015

BULLION

Gold April future is trading on a flat note in early morning session at $ 1,276.70,Silver March contract has declined over 0.5 per cent at $ 17.873,Platinum April delivery is marginally up at $ 1,253.85.

ENERGY

Crude Oil March future has gained 0.3 per cent at $ 45.26,Brent Oil March expiry has advanced 0.4 per cent at $ 48.32,Natural Gas February contract has also spurted almost a per cent at $ 2.881.

The MCX Natural Gas January futures seem to be consolidating in a range of Rs 186-186, which is the 20-DMA and lower-end of the Bollinger Band, respectively.

BASE METAL

Copper March delivery has shed over 0.5 per cent at $ 2.526.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.

The Indian rupee opened at 61.50 a dollar

The Market has picked up pace as the Sensex is up 107.47 points at 29386.31. The Nifty is up 13.75 points at 8849.35. About 1015 shares have advanced, 570 shares declined, and 201 shares are unchanged.

TOP GAINERS:-

Tata Motors, BHEL, Cipla, L&T and Tata Power are top gainers  

LOSERS:-

Dr Reddy's Labs, Hindalco, Infosys, Bajaj Auto and Coal India are laggards.

The Indian rupee opened at 61.50 a dollar, down 8 paise compared to Friday's closing value of 61.42 per dollar.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.