Saturday 16 January 2016

NSE Nifty Weekly Wrap by Moneymaker Advisory

Indian stock markets declined in the week ended Friday, 15 January 2016 on weak global cues. Investors were concerned over the prospects of slowing global growth in general and that of China in particular amid slew of weak economic data from China.



The Sensex failed to retain the psychological 25,000 level which it had surpassed in the course of trading during the week. The Sensex and the Nifty declined in four out of five trading sessions and managed to register modest gains in remaining one trading session.

Thursday 14 January 2016

Chana prices gain on lower arrivals in the spot market

Chana futures April contract NCDEX gain by 0.78% and settled at Rs. 4,400 per quintal yesterday as market participants increase their buying position on expectation of higher demand. 

There are reports of good weather across chana growing states Rajasthan and MP also pressurizing prices. However, imports at higher prices and dwindling stock in domestic market may support prices if demand increases.

Tuesday 5 January 2016

NSE BSE Updates by Moneymaker Research PVT LTD

After the sharp fall in the previous session, markets ended flat amid volatile trades as profit taking emerged at higher levels. Although metal and oil stocks witnessed some buying the health of the Chinese economy continued to weigh on investor sentiment. The Sensex ended down by 43 points at 25,580 and the Nifty, after opening above its crucial level of 7,800, found resistance at that level and settled at 7,782, down by 9 points. 

Oil prices rebounded as geopolitical tensions between Saudi Arabia and Iran deepened, but supply glut and economic weakness in China are keeping the prices in check. US benchmark West Texas Intermediate for delivery in February was up 25 cents at $37.01 and Brent crude was trading 24 cents higher at $37.46.

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