Today's Asian Market Update :-Asia Atocks edge Up After New Zealand's Rate cut Surprise

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips ,Intraday trading tips on mobile with 90-95% accuracy level.

Asian stocks edged up on Thursday after New Zealand surprised markets with a rate cut, keeping investors primed for more stimulus from the European Central Bank later in the day as global policy makers step up efforts to support their wobbly economies. 

 

A rebound in the price of oil, a source of recent anxiety, also calmed investor nerves. MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.1 percent. Japan's Nikkei climbed 1 percent and Australian shares added 0.2 percent. South Korea's KOSPI rose 0.3 percent. 

 

The big surprise on Thursday came from New Zealand's central bank, which cut the benchmark cash rate to a record low 2.25 percent.

Today's Indian Stock Market Open High

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

After a bumper rally, the market has opened on a strong note Friday. 

 

The Sensex is up 71.36 points or 0.3 percent at 24678.35, 

 

and The Nifty up 29.80 points or 0.4 percent at 7505.40. 

 

 

 About 385 shares have advanced, 110 shares declined, and 30 shares are unchanged.

Asian shares look set for 3rd week of gains before US jobs data

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

Asian shares look set to post a third straight weeks of gains on Friday as investors scaled back cautious bets on the global economy after a string of positive US economic data and a recovery in oil and commodity prices.

 

 The rebound in risk asset prices could continue if the upcoming US employment report points to solid job gains, but not strong enough to encourage rate rises in the near term. 

 

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, hovering just below its two-month high hit the previous day. Japan's Nikkei slipped 0.3 percent.

Today's Indian Update -- Rupee Opens 11 Paise Higher at 67.23 per Dollar

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

 

The Indian rupee gained further in the early trade on Friday. It opened higher by 11 paise at 67.23 per dollar versus previous close 67.34. 

 

 

 "We expect rupee to test 67.20/dollar levels. This may act as a technical hurdle and we expect some weakness post this level."

Indian ADRs: Dr Reddy's Lab up 2.5%, Tata Motors Gains

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.
 

Indian ADRs ended mostly higher on Thursday. In the IT space, Infosys rose 0.50 percent at USD 18.18 and Wipro was down 0.01 percent at USD 11.92. 

 

In the banking space, ICICI Bank gained 0.30 percent at USD 6.62 and HDFC Bank shed 0.19 percent at USD 56.61. 

 

In the other sectors, Tata Motors was up 1.88 percent at USD 25.71 and Dr Reddy's Laboratories added 2.51 percent at USD 47.59.

BSNL, MTNL Revenue Growth lesser Than Private Telcos

Intraday Market Tips update only at:- www.marketmagnify.com/aboutus.php

Rise in revenues of BSNL and MTNL lag those of private players because of less aggressive market skills, legacy manpower and delay in augmentation of mobile network, Telecom Minister Ravi Shankar Prasad said. 

The minister said both the state-run firms are taking several steps to enhance revenues. 

BSNL revenue increased by 2.32 percent in 2014-15 to Rs 28,645 crore whereas MTNL witnessed an increase of 0.90 percent to Rs 3,821 crore for the same period. 

The revenue of BSNL stood at Rs 27,996 crore in 2013-14 while that of MTNL was Rs 3,787 crore.

Wall Street rises late

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

Energy and bank stocks led Wall Street higher on Wednesday, adding to a rally in the previous session, after strong jobs data dispelled concerns over the health of the US economy. Concern lingered that the US economy was on a weaker footing than thought, but recent data including a better-than-expected reading on private sector job creation last month has helped dispel those worries and given equities support. 

The improvement in US economic data, including manufacturing, construction spending and auto sales earlier this week, rekindled expectations that the Federal Reserve could raise rates at least once later this year, giving a boost to bank shares.

MM CLOSING BUZZ

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

NIFTY FUTURE UP 227.35@7236.30 

 

BANKNIFTY FUTURE UP 486.10@14475.45

 

SENSEX UP 777.35@23779.35

INR 68.03

Asia markets mixed, with Shanghai up 0.3%, Nikkei off 1%

Intraday Market Tips update only at:- www.marketmagnify.com/aboutus.php

 

Asia markets were mixed Tuesday morning, with eyes on China after the central bank's surprise reserve requirement ratio (RRR) cut to free up liquidity. Japan's benchmark Nikkei 225 shed 1.05 percent. 

 

 The South Korean market is closed for a public holiday. 

Chinese markets wavered between positive and negative after the RRR cut and worse-than-expected manufacturing data, with the Shanghai composite up by 0.31 percent, while the Shenzhen composite gained 0.7 percent. Hong Kong's Hang Seng Index added 0.28 percent.

Budget 2016: Rupee opens lower by 9 paise at 68.69 per dollar

Intraday Market Tips update only at:- 

www.marketmagnify.com/aboutus.php

 

The Indian rupee opened lower by 9 paise at 68.69 per dollar on Monday versus 68.60 Friday.  

 

 Today said there is more scope for lowering of interest rates by the RBI as inflation is under control.

Wall Street ends lower in feeble end to strong week

Intraday Market Tips update only at:-
www.marketmagnify.com/aboutus.php

 

Wall Street ended lower on Friday in a feeble end to another week of strong gains after concerns about the timing of future interest rate hikes offset gains in materials and energy stocks.

 

 The S&P utility sector led declines, down 2.73 percent. The materials index was the biggest winner and was up for the third straight day with a 1.35 percent rise. 

 

In a break from a trend seen for much of this year, energy shares clung to gains even after a rally in crude oil prices faded, with ConocoPhillips up 3.21 percent.

Railway Budget Key Updates

For More Information Visit Us :- 

www.marketmagnify.com/aboutus.php

· Railway Minister : Rs.50 crore to be provided for start-ups by railway employees

· No mention of passenger fares, freight rates

· Railway Minister : Will evolve models to determine revenue potential of at least 20 stations in next 3 months

· Railway Minister : Circuit trains to connect important pilgrim centres

· Railway Minister : First phase of new Kolkata Metro to be completed by 2018

· Railway Minister : To install Hi-tech centralised Network Of 20,000 screens On 2000 stations

· Railway Minister : Mumbai needs a robust transport system - two elevated suburban corridors between Churchgate and Virar, CSTM and Panvel

· Railway Minister : Introduce Antyodaya Express, superfast train for long routes

· Railway Minister : 17,000 Bio-toilets in Trains and additional toilets at 475 stations by FY16-end

· Railway Minister : We will introduce sub quota of 33% to women in ticket reservation

· Railway Minister : A new train between Varanasi and Delhi, Mahamana Express with modern refurbished coaches

· Railway Minister : To commission wifi service at 100 stations this year. 400 stations to get wifi facility in the next two years

· Railway Minister : 50 percent more outlay for railway electricificaiton

· Railway Minister : Expect commissioning of 2500 km of broadguage line, 30% higher than last year

· Railway Minister : This is the Budget that reflects aspiration of common citizens

· Railway Minister : Expect to generate revenue of Rs 1,84,820 crore

Rupee opens marginally lower at 68.65 per dollar

Intraday Rupee Market update only at:- www.marketmagnify.com/aboutus.php

 

The Indian rupee opened marginally lower by 5 paise at 68.65 per dollar versus 68.60 Monday.

"Strong rally in commodities resulted in strong rally in equities and commodity currencies, while some stabilisation in Europe and China also lent some support."

Asia markets gain; Nikkei up 0.8%, Kospi up 0.2%

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.
 

Most major markets in Asia extended gains on Tuesday following another positive finish on Wall Street overnight, led by upticks in the energy sector. 

Japan's benchmark Nikkei 225 index was up 0.76 percent, while the broader Topix index added 0.46 percent. The Japanese yen remained strong against the dollar, with the dollar-yen pair remaining around the 112-handle at 112.86 in morning trade. 

Across the Korean Strait, the Kospi was up 0.24 percent. Australia's S&P/ASX 200 was flat, as most sectors traded down. The energy and materials sectors, however, were up, gaining 1.17 and 1.06 percent respectively.

Wall Street lifted by muscular oil rally but some still skittish

Daily Intraday Market latest update only at:- www.marketmagnify.com/aboutus.php

Wall Street surged on Monday, helped by a robust rally in oil prices that lifted recently crushed energy stocks, including Chevron and Schlumberger. As it has for months, Wall Street followed the lead of global oil prices in a trend that has left the S&P 500 down 5 percent so far in 2016, following a partial recovery last week.

Monday's stock gains were as broad as they were strong, with all 10 major S&P sectors finishing higher, but investors shell-shocked by this year's market turbulence remained wary.

Asia trades lower as Nikkei slips 2.2%

Intraday Asian Market update only at:- 

www.marketmagnify.com/aboutus.php

 Major markets in Asia were mostly down on Friday, with the Japanese market falling behind its regional peers. 

The Japanese benchmark Nikkei 225 index shed 2.17 percent in morning trade, with Trend Micro being the biggest loser, shedding 13.40 percent. Overnight, the security software maker announced its fourth quarter earnings result and consolidated revenue for fiscal year 2015, ending December 31.

Sensex jumps 300 pts

Daily Intraday Market latest update only at:- www.marketmagnify.com/aboutus.php

The 30-share BSE Sensex rose 297.08 points or 1.27 percent to 23678.95 

The 50-share NSE Nifty jumped 86.90 points or 1.22 percent to 7195.35. 



The BSE Midcap and Smallcap indices also gained more than 1 percent.

Indian ADRs: HDFC Bank, Tata Motors gain; Dr Reddy's slips

GET DETAILS VISIT :-
www.marketmagnify.com/aboutus.php

Indian ADRs ended mixed on Friday. In the IT space, Infosys was down 0.11 percent at USD 16.10 and Wipro added 0.08 percent at USD 11.07.

 In the banking space, ICICI Bank fell 0.08 percent at USD 5.46 and HDFC Bank jumped 1.28 percent at USD 55.23. 

In the other sectors, Tata Motors gained 0.98 percent at USD 21.54 and Dr Reddy's Laboratories shed 0.42 percent at USD 41.82.

Indian ADRs: Tata Motors slips; HDFC Bank, Wipro up

GET DETAILS VISIT :-
www.marketmagnify.com/aboutus.php

Indian ADRs ended mixed on Wednesday. In the IT space, Infosys was up 0.01 percent at USD 16.35 and Wipro gained 0.05 percent at USD 11.24.

In the banking space, ICICI Bank was down 0.03 percent at USD 5.85 and HDFC Bank rose 0.04 percent at USD 57.06.

 In the other sectors, Tata Motors fell 0.55 percent at USD 22.41 and Dr Reddy's Laboratories shed 0.21 percent at USD 41.71.

Intraday -Asia stocks sharply lower, following US, Europe sell-off

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips , MCX Tips on mobile with 90-95% accuracy level.

 
Australian and Japanese markets were sharply lower on Tuesday, after another sell-off in US and European stocks overnight. 

Nikkei 225, which halted a four-session decline to close up on Monday, dropped 4.48 percent. The dollar-yen pair was down 0.60 percent at 115.13, falling below the 116-level overnight and marking its lowest levels since November 2014. 

Japan's Finance Minister Taro Aso said Tuesday that the yen's moves were "rough," adding that he'll be watching the moves closely, Reuters reported.