Expect Nifty to shed 21 points at opening: Maximus Securities

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 21.50 points at the opening bell, says Maximus Securities.
Nifty tips

Maximus Securities’ Daily Report:

 F&O Outlook:
Nifty PCR-OI has increased to 1.11 from 1.08. The rise in the ratio may be due to increase in PE of 8400 and decrease in CE of 9100. PE of 9100 and CE of 9200 are the highest number of contracts traded.

 Opening for the Day:
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 21.50 points at the opening bell.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Author : Profit Street

Comments

Post a Comment

Popular posts from this blog

'Sensex among best performing indices globally during May'

Image
Benchmark sensitive index Sensex used to be among the many prime performing indices globally right through could, and this momentum is anticipated to continue within the subsequent two- three years, says a document. The one month return of S&P BSE Sensex stood at three.9 %, while for South Korea's Kospi it stood as excessive as 6.1 percent, for FTSE it was at four.1 p.c and Hong Kong's HangSeng at 4 percent, the analysis note with the aid of ICICI Prudential AMC stated. Returns of the benchmark index are absolute returns calculated between April 30 to could 31, 2017. "From a worldwide context, India stands out for 3 reasons - secure macros, prudent fiscal and monetary policies, and gradual however constant percent of reforms," the document said and added that with the implementation of products and products and services Tax (GST), there is enormous expectation of the tax base rising and a bigger part of the financial system coming under taxation. ...
Read more

Reliance shares jump 10% after Jio announces tariff plans

Image
Shares of India’s largest private enterprise Reliance Industries Ltd (RIL) on Wednesday jumped as much as 10.5%, its biggest jump since May 2009, as investors anticipated revenue generation for its telecom venture Jio starting from 1 April. In intraday trade , RIL touched a high of Rs1,202, a level last seen on 19 May 2009, and gained as much as 10.5%, its biggest jump since May 2009. At 2.31pm, RIL was trading at Rs1,201.75 on the BSE, up 10.4% from its previous close, while India’s benchmark Sensex index rose 0.33% to 28,857.07 points. The scrip gained in six out of seven trading sessions and rose 13.8% in this period. So far this year, it has gained 8.3%. On Tuesday, Reliance Jio announced that it will end free data service and start charging its customers from 1 April, though voice calls and roaming will remain free. “We believe this is a significant development as it will likely lead to P&L recognition of Jio in FY18 and also provide much better visibility on i...
Read more

Market Live: Sensex zooms 300 pts on strong Europe; Lupin slips 3%, GAIL gains 3%

Image
3:15 pm Acquisition: India's fourth largest device services and products firm HCL applied sciences lately mentioned it will gather US- based urban achievement services (UFS) for as much as USD 30 million (over Rs 193 crore) in cash. usais a provider of mortgage trade course of and fulfilment services. based in 2002, the company has over 350 highly professional experts. It has three centres in the usa. the full cash consideration for this transaction is as much as USD 30 million, including contingent funds topic to sure financial milestones, HCL mentioned in a regulatory submitting. The deal is anticipated to be accomplished through June this yr, topic to sure closing stipulations together with transfer of licences and approval of the customers, it delivered. 3:05 pm Market replace: Benchmark indices received additional, monitoring rally in European friends after the centrist Emmanuel Macron won the primary spherical of the French election. The 30-share BSE S...
Read more