See level to negative opening: ICICI direct

As per ICICIdirect, Nifty is probably going to open level to negative on the back of blended worldwide prompts.

In the wake of solidifying in the primary a large portion of, the Nifty saw a sharp pullback from the level of 8080. Aside from IT, all significant lists finished in the green, which, thus, helped the Nifty end 42 focuses higher. Clever fates premium settled at 36 point. India VIX fell 3.6 percent to 17.3.

FIIs sold Rs 318 crore while DIIs sold Rs 164 crore in the money portion. FIIs sold Rs 179 crore in file prospects and purchased Rs 471 crore in record choices. In stock fates, they sold Rs 207 crore.

The most elevated Put base is at the 8000 hit with 76 lakh offers while the most noteworthy Call base is at the 8300 hit with 46 lakh offers. The 8100 and 8400 Call strikes saw increases of 4.6 and 2.5 lakh offers, separately while the 8200 and 8300 Put strikes saw diminishment of 1.4 and 2.2 lakh offers, individually.

Clever Future: The Nifty is probably going to open level to negative on the back of blended worldwide prompts. Purchase Nifty in scope of 8115-8125 for focuses of 8175, stop misfortune: 8095.

Bank Nifty Future:  Ahead of the RBI arrangement, the list saw short covering. Most saving money stocks performed well. We feel the instability trigger is probably going to keep the Bank Nifty in a more extensive territory with support seen close to 18100-18200. Purchase Bank Nifty in the scope of 18280-18320, targets: 18450-18550, stop misfortune: 18190.

Author : Wealth Research

Indian markets shut for Guru Nanak Jayanti on Monday

The securities exchanges (BSE and NSE), forex, currency markets and all product prospects markets will likewise stay close for the general population occasion.

The Indian markets would stay close on Monday, November 14, 2016 because of 'Master Nanak Jayanti'. All the discount item showcases, including bullion and metal, are shut on Monday. The securities exchanges (BSE and NSE), forex, currency markets and all ware fates markets will likewise stay close for people in general occasion.

Exchanging the Indian markets would continue on Tuesday, November 15, 2016.

Author : Wealth Research

Rupee droops 63 paise against US Dollar

Other than remote reserve outpourings and solid request from merchants, a powerless local value advertise additionally weighed on the rupee. The rupee debilitated past the 67-check to hit close to 11-week low against the US dollar.

The Indian rupee shut at lower level since July 26, 2016 following the misfortunes in the Asian coinage and worldwide value markets. Other than remote store surges and solid request from shippers, a frail household value advertise likewise weighed on the rupee. The rupee debilitated past the 67-check to hit almost 11-week low against the US dollar.

Be that as it may, the rupee eradicated its morning misfortunes because of overwhelming interest for American coin from merchants and banks.

The dollar floated close to a 3-1/2-month high versus the yen, in the wake of making enormous increases overnight as the business sectors arranged for a Donald Trump administration that could animate the US economy financially and lift loan costs.

US dollar is walking ahead especially against the developing business sector monetary standards. Chinese Yuan has broken the administration's resilience level of 6.8 against the greenback in seaward markets, while Indian rupee is has retreated towards 67.3 stamp.

The Indian Rupee shut lower by 63 paise at 66.62/$. The neighborhood unit hit a high of 66.80/$ and a low of 66.42/$ today.

The Reserve Bank of India's (RBI) reference rate for the dollar remained at 67.02 while for the Euro it was 73.11. The RBI's reference rate for the Yen remained at 62.94; reference rate for the Great Britain Pound (GBP) remained at 84.1753.

Stock Cash Tips

Author : Wealth Research

Best 15 stocks in concentrate today: Sun Pharma, Tata Chemicals, Wockhardt

BPCL: The organization will report its Q2 numbers today.

Sun Pharma: Sun Pharma reported a more than two-crease hop in its merged net benefit to Rs 2,235 crore for the September quarter. The organization had posted a net benefit after duties, non controlling interests, share of benefit/loss of partners and joint endeavors of Rs 1,028.8 crore for a similar period a year prior.

Goodbye Chemicals: The organization reported a minor increment in its solidified net benefit at Rs 293 crore for the second quarter of the 2016-17 financial, on lower compost deals. Goodbye Chemicals had posted a net benefit of Rs 293 crore in a similar quarter of the 2015-16 monetary.

Bank of Baroda: The bank will report its Q2 numbers today.

Jain Irrigation: The organization reported a net benefit of Rs 28 for the quarter finished September 30, 2016 against a net loss of Rs 5.4 crore in the relating quarter a year ago.

Wockhardt Ltd: Wockhardt reported net income for the quarter declined 13% to Rs 1064.7 cr amid the relating quarter of earlier year. This was inspite of 8% yoy development in the UK business and 15% yoy development in local business.

Dependence Defense and Engineering: The organization's standalone net misfortune contracted to Rs 116 crore for the quarter finished September 30. It had posted a net loss of Rs 170 crore in the July-September time of the past monetary.

Andrew Yule: Andrew Yule reported 79% expansion in its standalone net benefit at Rs 27.14 crore in the second quarter of 2016-17 by virtue of higher wage. The organization had posted a net benefit of Rs 15 crore in the year-prior period.

Mahindra and Mahindra: The organization will declare its Q2 numbers today.

Polaris Consulting and Services: The IT organization on Thursday reported a decrease of 27.88 for each penny in united net benefit at Rs 41.14 crore for the three-month time frame finished on September 30, 2016, and declared that its CEO Jitin Goyal has stopped. The organization had reported a net benefit of Rs 57 crore for the quarter finished on September 30, 2015.

L&T Technology Services: L&T Technology Services posted 20% expansion in its solidified net benefit at Rs 112 crore amid the second quarter finished September 30, 2016. The organization enlisted a net benefit of Rs 93.5 crore in a similar period a year back.

Balmer Lawrie and Co: Balmer Lawrie reported a peripheral ascent of 5.6% in net benefit at Rs 27.6 crore for the July-September quarter contrasted with Rs 26.2 crore in a similar quarter of the earlier year.

Customers Stop: Shoppers Stop is taking a gander at multiplying its portable application downloads to 2 million and 15 percent deals through its computerized touch focuses by 2020, a senior official said.

Author : Wealth Research

Opening Bell - Sensex revives more than 200 focuses; Banking, Metal stocks lead

At 9:15 AM, the S&P BSE Sensex is exchanging at 27,517, up 265 focuses, while NSE Nifty is exchanging at 8,556 up 123 focuses.

The rupee opened lower at 66.39/$ as against the past close of 66.42/$.

Asian markets opened somewhere down in the green as oversold records saw short covering combined with crisp purchasing as the Dow Jones list touched new highs. This after immense intraday swings with US prospects hitting lows of - 800 focuses at one time. Security yields on the US 10 year paper hit more than 2% as hopefulness on development with infra spending rising saw the yields almost 9 month highs.

The business sectors have been irritated for quite a while as far back as the odds of a Trump triumph surfaced however significant wagers stayed on Hillary who in the end needed to surrender vanquish. For the time being, Trump's acknowledgment discourse recommends he has to be sure left the battle "trumpisms" aside and is set to introduce another world request. The US markets might not have saluted his triumph on Wednesday but rather he is known to be a companion of Wall Street.

Bonds and Gold which saw some keen up move neglected to keep up their additions. Banks in India are venturing up action to adapt to disturbance brought about by the withdrawal of Rs 500 and Rs 100 cash notes. While many people are discovering ways and intends to change their high esteem notes, desires are that profit recuperation could be pushed a couple quarters advance.

Author :Wealth Research

LIVE: PM Narendra Modi says Rs 500 and Rs 1,000 notes will not be legal anymore

Going by his promise in 2014 general elections to bring black market money into the regular financial system, Prime Minister Modi on Tuesday in a televised address to the nation said that high denomination notes of Rs 500 and Rs 1000 will no longer be legal. PM Modi announced a “decisive” war against black money and corruption while disclosing a raft of steps to assure the common man that their money is safe.

PM Modi said banks and ATMs will remain closed on November 9 and in some places ATMs may remain closed on November 10. Across the country, people rushed to ATMs where money could be withdrawn in Rs 100 notes, trying to avoid being caught without cash over the next few days. Welcoming the bold step taken by the government, President Pranab Mukherjee called upon the people not to panic as the move would help unearth unaccounted money as well as counterfeit currency.

 The finance ministry said that new banknotes of Rs 500 and Rs 2,000 would be introduced from November 10. The old notes can be deposited in banks and post offices from Nov. 10 to Dec. 30. Governor of the Reserve Bank of India, Urjit Patel, said he saw no impact on liquidity in the wholesale market and that the bank had ramped up production of the new series of notes over the last few months. Experts said Tuesday’s move was the biggest in decades aimed at fighting graft.
Here are the live updates on PM Modi’s speech Today:
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Mid-Afternoon Market Update: Datalink Surges Following Acquisition News; HSN Shares Slide

Toward the end of trading Monday, the Dow traded up 1.95 percent to 18,237.83 while the NASDAQ climbed 2.35 percent to 5,164.77. The S&P also rose, gaining 2.10 percent to 2,128.93.Leading and Lagging Sectors Monday afternoon, technology shares gained by 2.43 percent. Meanwhile, top gainers in the sector included Datalink Corporation (NASDAQ: DTLK ), and Sothebys (NYSE: BID ).In trading on Monday, telecommunications services shares rose by just 0.9 percent. Meanwhile, top losers in the sector included Shenandoah Telecommunications Company (NASDAQ: SHEN ), down 9 percent, and Internet Initiative Japan Inc. (ADR) (NASDAQ: IIJI ), down 7 percent.

Top Headline

LendingClub Corp (NYSE: LC ) reported a smaller loss than analysts estimated for the third quarter. Similarly, revenue also came in above the estimates.The company reported adjusted loss of $0.04 a share, exceeding expectations by $0.03 per share. Its revenue came in at $112.6 million, beating estimates by $9.29 million.Equities Trading UP Blue Nile Inc (NASDAQ: NILE ) shares shot up 34 percent to $40.73 after the company disclosed a deal with Bain Capital Private Equity and Bow Street LLC for $40.75 a share in cash.Shares of Datalink Corporation (NASDAQ: DTLK ) got a boost, shooting up 18 percent to $11.13 after Insight Enterprises, Inc. (NASDAQ: NSIT ) announced plans to acquire Datalink for $11.25 per share in cash.Medallion Financial Corp (NASDAQ: MFIN ) shares were also up, gaining 27 percent to $4.13 following Q3 results. Medallion Financial reported Q3 earnings of $5 million on revenue of $2 million.

Equities Trading DOWN Concordia International Corp (NASDAQ: CXRX ) shares dropped 38 percent to $1.99 after the company reported downbeat results for its third quarter. Concordia also disclosed that it is suspending its guidance. Shares of HSN, Inc. (NASDAQ: HSNI ) were down 10 percent to $32.45 after the company posted weaker-than-expected Q3 earnings. Plug Power Inc (NASDAQ: PLUG ) was down, falling around 10 percent to $1.27 as the company posted a wider-than-expected Q3 loss.Commodities In commodity news, oil traded up 1.07 percent to $44.54 while gold traded down 1.83 percent to $1,280.60.Silver traded down 1.04 percent Monday to $18.18, while copper rose 2.10 percent to $2.31.

Eurozone

European shares closed higher today. The eurozone's STOXX 600 climbed 1.53 percent, the Spanish Ibex Index rose 1.45 percent, while Italy's FTSE MIB Index surged 2.56 percent. Meanwhile the German DAX climbed 1.93 percent, and the French CAC 40 rose 1.91 percent while U.K. shares rose 1.70 percent.Economics Data on consumer credit for September will be released at 3:00 p.m. ET.

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