US market closed high; Asians markets also high

                                   

                                    Asian markets stay high

Stock markets in China & Hong Kong were shuttdown for the day on account of Tomb Sweeping Day & Ching Ming Festival.Click for Free Trial

Japan's benchmark Nikkei was trading near 0.21 per-cent high at 16,197.79. South Korea's Kospi was trading 0.04 per-cent higher at 1,974.27.

US market closed high on Friday: Today, Wall Street ended high, with the S&P500 index increasing 0.63 per-cent to 2,072.78 and the Dow Jones Industrial Average climbing by 0.61 per-cent to 17,792.75.

Data concluded in the US on Friday last week showed non-farm payrolls raised by around 215,000 & unemployment ahead to 5 per-cent from an 8-year low of 4.9 per-cent. The jobless rate rose as more people continued to seek work, a sign of confidence in the job market, a Reuters report noted.

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Natural Gas collapsed despite US supply withdrawal 1 Apr, 2016

Natural Gas futures dive by more than 2 per-cent in the domestic market on Thursday as investors and speculators exited positions in the energy commodity tracking weakness in the overseas market as a drop in US storage levels failed to lift sentiment with supply levels remaining more than adequate.

Reports said, US gas stockpiles fell down by 25 billion cubic feet to 2.468 trillion cubic feet in the week ended 25th march, 2016.

US total gas inventories are up 1.002 trillion cubic feet from a year ago and 843 billion cubic feet above the five-year average.

April 2016 contract for Natural Gas futures closed at 129.9 per mmBtu, went down by 2.18 per-cent, after opening at Rs 132.7, as compared to the previous closing price of Rs 132.8. It reached an intra- day low of Rs 129.

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Sensex starts on a cautious note; Nifty-50 holds 7700

Today, Sensex started on a cautious note with a mild positive bias in morning trade ahead of March F&O expiry. The gains in the index was led by rally in HDFC, Infosys, Sun Pharma, Lupin etc.

The Nifty-50 was trading comfortably above its critical support level of 7700 supported by gains in power, IT, auto & metal stocks.Click for Nifty futures tips

Top five Nifty-50 gainer at this hour:

 

Sensex rush over 200 pts, reclaims 25K

Today,  Sensex surged over 200 pts in morning trad after the United States Federal Reserve chairperson advised that the central bank must move cautiously on increasing interest rates.

The rally in the index was led by gains in ICICI Bank, Sun Pharma, RIL, Tata Motors, and ITC.Click for Nifty futures tips

The Nifty-50 rebound to  its crucial psychological level of 7,650 supported by gains in metal, capital goods, realty, banks, auto, & power stocks.

The broader market traded in line with the BSE midcap & smallcap climbing 0.85 and 0.93 per-cent.

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Indian Rupee expands gains for 4rth session, up 5 paise to 66.49 against USD

Reports told that, Extending its gains to the 4rth meeting, the indian rupee rose 5 paise to 66.49 against USD in early trade on today after the United States Fed chair Janet Yellen in an overnight speech questioned doubts over Fed rate lift in the near future.Click for stock option tips

The local currency had appreciated three paise to settle down at 66.54 on Tuesday on persistent dollar selling of by banks & exporters. Yellen on yesterday told that, the rate of inflation in the US has not yet proven sustainable against the backdrop of looming global risks to the economy of United States & that the US central bank should proceed carefully to policy adaptation.

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Asian market updates & indices for 29 Mar, 2016

Today, asian markets stay mixed: Japan's benchmark Nikkei was trading near 0.04 per-cent low around 17,126.74. Data released on Friday concluded the economy of japan contracted at yearly pace of 1.1 per-cent in the Dec quarter, compared with a 1.4 per-cent de-growth in the Sep quarter.

China's CSI300 fell down by 0.25 per cent to 3,161. Other than this, Hong Kong's Hang Seng went (up 0.04 per-cent), South Korea's Kospi went (up by 0.24 per-cent) and the taiwan's TWSE (down 0.31 per-cent), were trading mixed.

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Nifty futures may see resistance near 7,800 28 Mar, 2016

Market Experts believe the trend in world wide, investment by foreign institutional investors (FIIs), the movement of the INR against the dollar & Mcx crude oil prices will dictate market trend in the near term.

"The short-term trend for Nifty futures is high on the daily charts, as the index has seen a positive weekly ends above the 7,700 level and sustaining above the 100-DMA.

As the index has crossed the downward sloping trendline near 7,600 level, it would now act as a strong support, according to change of polarity principle. Thus, in near futures, it may test the levels of 7,800 levels which is its up coming immediate resistance level," said Mr. Rohit Gadia.