Commodity Market Live Updates: Stock Market News and Tips

Commodity Market Live Updates: Stock Market News and Tips:



MCX SUPPORT & RESISTANCE LEVEL

GOLD DEC FUTURE

R2–32150

R1-32050

S1-31850

S2-31750

SILVER DEC FUTURE

R2 –39200

R1- 39000

S1-38600

S2-38600

CRUDE OIL OCT FUTURE

R2 –5170

R1-5140

S1-5070

S2-5040

COPPER NOV FUTURE

R2 –46

R1-457.50

S1-452.50

S2-450

INTERNATIONAL MARKET UPDATE:

GOLD $ 1231.10 (+2.40)

SILVER $ 14.695(+0.045)

COPPER 2.800 (+0.018)

CRUDE OIL $ 69.56 (-0.28)

INR 73.2375 (-0.0575)

NCDEX SUPPORT & RESISTANCE LEVEL

SOYABEAN FUTURE

R2–3340

R1 -3310

S1-3250

S2-3220

RMSEED FUTURE

R2 –4210

R1- 4180

S1-4120

S2-4080

JEERA FUTURE

R2 –20700

R1-20500

S1-20100

S2-19900

DHANIYA FUTURE

R2 –5950

R1-5850

S1-5650

S2-5550

CASTOR SEED FUTURE

R2 –5410

R1-5380

S1-5320

S2-5280

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Why really stocks crashed, and how D-Street interprets this fall | Stock Market News and Tips

Stock Market News and Tips

Why really stocks crashed, and how D-Street interprets this fall

The BSE Sensex on Friday closed the day at 34,376.99, down 792.17 points, or 2.25 percent. In the 30-share index, only four stocks settled higher. 

WHY DID STOCKS CRASH?>> RBI’s status quo on policy rate surprised the market, at a time when inflation was an under-shooting target and recent fuel tax cut may give reduce price pressure.
>> The rupee weakened further, yet RBI looked not too worried about it.
>> Market sees a risk to the fiscal deficit target
>> Rise in US bond yield may trigger fresh outflows from emerging markets, including India.
>> Global markets were weak. European. 

HOW BAD WAS THE MARKET CRASH?>> Rs 3.79 lakh crore of equity investor wealth wiped out in a day.
>> BSE MidCap and SmallCap indices fell 2.70 percent and 2.02 percent, respectively.
>> Sixteen out of 19 sectoral indices on BSE posted losses
>> Oil and gas index fell most at 12.68 percent, energy index 8.52 percent, basic materials, utilities, and metal fell over 3 percent 

WHAT DID EXPERTS SAY?VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services:
“The hold on policy rates has come against the market expectations of a 25 bp rate hike. But the change in stance from neutral to ‘calibrated tightening’ is indicative of the likely tightening to come depending on evolving data.” 

Jayant Manglik, President, Religare Broking"The way things have panned out on both domestic and global front, we do not see any chance of overnight reversal. However, the possibility of technical bounce can't be ruled out, citing oversold positions. In short, the sentiment is bearish and traders should continue with "Sell on rising" approach while maintaining caution in stock selection."

source:- Why really stocks crashed, and how D-Street interprets this fall | Stock Market News and Tips: 

Stock Market News: Sensex tanks about 800 pts; 4 factors weighing on market, rupee

Source: Stock Market News: Sensex tanks about 800 pts; 4 factors weighing on market, rupee:

The Sensex & Nifty has fallen sharply on the back of selling witnessed across all Asian markets.

"Since most Asian markets are importers of crude the impact of rising crude prices and rising Dollar Index will weigh on their Trade Balance. Amongst Asian markets India is the highest importer of crude after China hence the impact on India’s Trade Deficit is very high," Rusmik Oza, Senior VP (Head of Fundamental Research) of Kotak Securities said.

FPIs are selling in emerging markets which is visible in India also. Nifty has broken the 200 DMA placed at 10,777, which has intensified the selling from market participants. Also, heavyweights like Reliance and few more stocks that had led the last 1,200 points rally in Nifty from 10,500 to 11,700 are the ones that are correction sharply hence the impact is higher in today’s fall.

"If Nifty sustain below the 200 DMA for more than a week then the floor can shift to 10,000 on the downside," he said.

Stock Market News: Crude, rupee spook Nifty; Sensex falls 600 pts; Eicher Motors, RIL slip 5%

Stock Market News: Crude, rupee spook Nifty; Sensex falls 600 pts; Eicher Motors, RIL slip 5%:

Rupee Hits Record Low:

The rupee collapsed to a fresh low of 73.77 against the US dollar, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.

Consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, kept the rupee under pressure.

Meanwhile, state-owned oil marketing companies have been allowed to raise USD 10 billion from overseas market to meet their working capital needs.

At the interbank foreign exchange, the rupee opened lower and slipped further to a fresh low of 73.77 a dollar against 73.34, a fall of 43 paise.

The international benchmark Brent crude breached the $86 per barrel level, near its four-year high.

With record weakness in rupee and boom in crude prices, the stock market opened on Thursday with a big drop. The Sensex dropped by 633 to 35,341.68. The Nifty fell 194.6 points to level at 10,663.65. In the initial business, all the sectors are doing business in red marker. Among the gains, RIL fell 3.12%, TCS 2.77%, HDFC 2.49%, HUL 2.16%, Maruti fell 1.98%.