Thursday, 31 March 2016

Intraday Stock Cash Trading Tips with Closing Bell

MarketMagnify Closing Bell:

NIFTY FUTURE DOWN 1.75@7739.25
SENSEX UP 3.28@25341.86
INR 66.25

Sensex erases gains, Nifty below 7750; SBI, Tata Steel fall

The Sensex was up 3.28 points at 25341.86 and the Nifty rose 3.20 points to 7738.40. About 1310 shares advanced against 1241 declining shares on BSE.

HDFC, SBI, M&M, Adani Ports, GAIL and Tata Steel were down 1-1.7 percent while ITC, HDFC Bank, Sun Pharma, HUL, Bajaj Auto and NTPC gained 1-2 percent.

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The market gained some strength after opening flat. The Sensex rose 74.30 points to 25412.88 and the Nifty reclaimed 7750 level, up 18 points to 7753.20. 

Hero Motocorp, Bajaj Auto, Lupin, Sun Pharma, Infosys, Vedanta, Tata Power and UltraTech Cement were early gainers while ONGC, Adani Ports, Coal India, HDFC, SBI, Idea Cellular and PNB were losers.  

The Indian rupee has opened marginally higher at 66.35 per dollar today against previous close of 66.37.

Asian markets were trading mixed while Wall Street and European markets closed higher yesterday.

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RBI call rings: SBI announces rates based on marginal cost   

State-run lender SBI today announced a move towards marginal cost of funds based lending rates (MCLR), with effect from April 1, 2016, in line with a Reserve Bank policy that called for a shift to the new regime. 

As per the new mechanism, SBI said its MCLR would range from 8.95 percent to 9.35 percent for loans of different tenors, ranging from overnight to three years .

SBI Stock Price

On March 30, 2016, State Bank of India closed at Rs 197.55, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 305.00 and the 52-week low was Rs 148.30. 

The company's trailing 12-month (TTM) EPS was at Rs 16.01 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 12.34. The latest book value of the company is Rs 165.49 per share. At current value, the price-to-book value of the company is 1.19.

Tuesday, 29 March 2016

Live Equity Market Closing Bell

Closing Bell By MarketMagnify:
  • NIFTY FUTURE DOWN 25.10@7613.50
  • BANKNIFTY FUTURE UP 46.25@15712.95 
  • SENSEX DOWN 65.94@24900.46 
  • INR 66.49
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Live Equity Market Updates: Finally, BSE Sensex ended with a loss of 66 points at 24,900. The BSE Sensex opened at 24,957, touched an intra-day high of 25,079 and low of 24,835.

The NSE Nifty closed with a loss of 18 points at 7,597. The NSE Nifty opened at 7,607 hitting a high of 7,653 and low of 7,582. The losses in pharma, capital goods, IT, utilities and FMCG counters weighed on the index.

The Indian Rupee was trading up by 8 paise at 66.49 per US dollar.