Sensex Nifty Flat, Mcx Ncdex Commodity Market Rising

On the First Trading Session of this week, Indian Rupee opened with the hike of 31 paise and became 66.95 against the US Dollar. While Indian Stock Market opened quietly low then expectation. Sensex and Nifty are trading down with the loss of 0.1%. Currently, Sensex Live at 26812 with the loss of 30.91 points and Nifty Live at 8212.35 with the loss of 8.45 points. Few sectors like Fmcg, Capital Goods, Bankex and Bank Nifty are still trading with positive points, while others have loss. In Asian Market, Japan's Index Nikkei and China's Index Shanghai Composite are having losses, while all other Asian Indices are trading in green zone. In Commodity Market, almost all the commodities have gained positive leads. In Mcx Commodity Market, Gold is trading at 29395 with the hike of 8 points, Silver is trading at 39210 with the hike of 131 points and Crude Oil is trading at 3283 with the hike of 30 points.  

Late selling drags Sensex to close RED, Nifty up

Yesterday, the Late selling in SENSEX drag to Close flat, NIFTY was up by 6%. The market hit fresh 7-month high intraday Friday with the Sensex reclaiming 27000 and Nifty 8250 levels.

 The Nifty rose 64.15 points or 0.79% to settle at 8,220.80.Growth in India's gross domestic product accelerated to 7.9% in Q4 March 2016 compared with a revised reading of a growth of 7.2% in Q3 December 2015.

The major event next week is a monetary policy review from the Reserve Bank of India (RBI). The RBI will announce the Second Bi-monthly Monetary Policy Statement, 2016-17 at 11.00 IST on Tuesday, 7 June 2016.  

Nifty Directional: - Buy Nifty Future above 8290 Target 8340, 8390Stop Loss 8190.

Today's Stock Market Overview

At the end of the weekly trading session, market is showing its mix nature of being bullish and bearish too Sensex is hovering around 26,894 points and Nifty gained 4 points to 8222. Having a sight on Asian market, Japan's benchmark Index Nikkei topped with rise in 79 points to 16,642, Shanghai Composite fell down in the morning session but managed to balance and drifted up to trade positive with 12 points to 2,938. Axis Bank, M&M, Bajaj Auto, HUL, Hero Motocorp are the top gainers while Lupin, Bharti Airtel, BHEL, SBI and Sun Pharma are top losers trading negative today.

Idea Cellular, India's third largest telecom company stocks slumps around 10 percent today. Private equity firm Providence Equity Partners to sell about half of its stakes in Idea which amounts to be Rs 14 crore.

In Commodity Market, Gold is trading steady with 14 rupees up to Rs 28,877 per ten grams while Silver hiked up by Rs 169 to Rs 38,697. Natural Gas and Crude oil being positive are trading on Rs 163 and Rs 3317 respectively.