MM CLOSING BUZZ

NIFTY FUTURE DOWN 21.60@8001.10

BANKNIFTY FUTURE DOWN 78.05@17195.00

SENSEX DOWN 109.29@ 26283.09 INR 66.39


For more updates on nifty future tips,nifty trading tips please visit us at www.marketmagnify.com or call at 07316619100.

Indian economy offers hope as China struggles

For investors worried about the health of emerging economies, India`s gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.
The median estimate from a Reuters poll of economists put GDP annual growth at 7.4 percent in the quarter, just below 7.5 percent in January-March.
If the number is that high, it will be a boost for Prime Minister Narendra Modi, whose image as the country`s economic saviour has taken a beating after his struggle to pass his legislative agenda.
But doubts persist over India`s new way of calculating GDP, introduced early this year, even though the method gained an endorsement from the World Bank`s chief economist. With the change method, India`s growth topped that of China in the first quarter this year.
Still, India`s robust headline growth does not square with the not-so-rosy ground reality.
"Growth momentum has improved in the last two years," said
Kaushik Das, an economist with Deutsche Bank. "But the pace of recovery has been frustratingly slow."
Monday`s data is expected to fuel hopes in New Delhi of taking the baton of global growth as China`s economic slowdown deepens.
However, with an economy only one-fifth the size of China`s, India is in no position to support the global economy as its northern neighbour has.

Blessed with a huge domestic market and a large cheap workforce, Asia`s third-largest economy has an opportunity to get more investment.

Lured by its prospects, iPhone maker Foxconn this month announced a $5 billion investment in India.
The announcement came days after Sony Corp. shipped its first made-in-India television sets, and General Motors unveiled a plan to spend $1 billion to expand its main plant.
"It is India`s moment," Junior Finance Minister Jayant Sinha said. But very few believe it can seize the moment without making land, labour, bank and tax reforms.
Modi swept to power in last year`s general election on a promise of speedier growth creating millions of manufacturing jobs.
But just 15 months after that electoral triumph, disenchantment has set in. Businesses are getting restless with slow progress in removing the hurdles that have stymied growth.
Political acrimony, meanwhile, has left parliament paralysed. The last session ended without passage of a single reform legislation.

For the latest news on nifty future tips,nifty trading tips visit us at http://www.marketmagnify.com/nifty-future-services.php or call at 07316619100.

MM Closing Bell

NIFTY FUTURE UP 23.85@8014.85

BANKNIFTY FUTURE DOWN 88.65@17249.70

SENSEX UP 139.44@26370.63 INR 66.15

Get Free Trial Service on Intraday Trading Tips , F&O tips, Intraday Stock Tips,Stock Future Tips, Nifty Future Tips for 2 days on mobile. For more details visit us www.marketmagnify.com/nifty-future-tips.php or call at 0731- 6619100.

Nifty starts Sept series above 8050, Sensex up over 300 pts

After a very weak August series, the market has kickstarted September series with a bang. The Nifty is up 104.75 points or 1 percent at 8053.70 and the Sensex is up 319.03 points or 1 percent at 26550.22. About 201 shares have advanced, 35 shares declined, and 7 shares are unchanged. ONGC, Hindalco, Maruti, M&M and Cipla are top gainers in the Sensex. The Indian rupee opened on a flat note. It was trading at 66.03 per dollar against previous closing of 66.04.

For more news on nifty future tips,nifty trading tips,nifty services visit at http://www.marketmagnify.com/nifty-future-services.php or call at 07316619100.

Today Nifty Losers

BHEL

Bajaj Auto

NTPC

Hero Motocorp

For best news in the market on nifty future tips, nifty trading tips and all segment connect with us at http://www.marketmagnify.com/nifty-future-services.php or call at 07316619100.

Sensex down 318 pts; Nifty ends below 7800, F&O expiry eyed

Benchmark indices failed to hold psychological levels due to selling pressure in banking & financials and healthcare stocks. The 30-share BSE Sensex cracked 317.72 points or 1.22 percent to 25714.66 and the 50-share NSE Nifty ended below the 7800-mark, down 88.85 points or 1.13 percent to 7791.85. The BSE Midcap also lost ground, down 0.8 percent. Experts expect the volatility to continue for some more time due to China's worries. According to them, expiry could be around 7800-7900 levels.

Housing finance company HDFC topped the selling list on Sensex, down 3.8 percent followed by Infosys, ICICI Bank, Larsen & Toubro, State Bank of India, Sun Pharma, ITC, M&M, ONGC and Hero Motocorp with 1-3.5 percent losses.

Bharti Airtel lost 2.6 percent. After market hours, the company announced that it will buy 100 percent stake in Augere Wireless Broadband that holds 20 MHz of BWA spectrum in Madhya Pradesh and Chhattisgarh circles.

For more news on nifty future tips,nifty trading tips connect with us at http://www.marketmagnify.com/nifty-future-services.php or call at 07316619100

Sensex rebounds 291 pts; rupee at 66/$ on China rate cut

The rupee gained 64 paise to close at 66 a dollar today, after hitting intraday high of 65.89 a dollar and low of 66.76/dollar, following recovery in equity markets and China rate cut.

The 30-share BSE Sensex rallied 290.82 points or 1.13 percent to 26032.38 after seeing an intraday high of 26124.83 and low of 25298.42. The 50-share NSE Nifty failed to hold 7900-level, up 71.70 points or 0.92 percent to 7880.70 after hitting a day's low of 7667.25.

For best news in the market on nifty future tips,nifty trading tips connect with us at www.marketmagnify.com/nifty-future-services.php or call at 07316619100.

Nifty Future Live Market and Service Watch

Indian markets signals gap up opening on back of moody comments on Indian economy and recover seen in the Asian markets. The positive outlook on the rating reflects Moody's view that recent and proposed policies will stabilize inflation, improve the regulatory environment, increase infrastructure investment and lower government debt ratios. Tracking the momentum, the index may trade above level of 8000 in trade today.

For best news in the market on nifty future tips,nifty trading tips connect with us at http://www.marketmagnify.com/nifty-future-services.php or call at 07316619100.

Nifty set to open in green

The positive sentiment at start may tempt investors to pick up beaten down counters. Stay extremely cautious as this could even be a dead cat bounce. Stick to quality fundamentals and rather do a staggered buying instead of simply rushing in. Most Asian markets are putting up a brave smile but China refuses to join the happiness and is trading in the red. Nikkei and KOSPI are well in the green and Dow futures are also up 2%.

For best news in the market on nifty future tips, nifty trading tips and all segment connect with us at http://www.marketmagnify.com/nifty-future-services.php or call at 07316619100.

MM CLOSING BUZZ

NIFTY FUTURE DOWN 504.25@7802.10

BANKNIFTY FUTURE DOWN 1381.60@16690.00

SENSEX DOWN 1647.24@25718.83 INR 66.68

Get Free Trial Service on Intraday Trading Tips , F&O tips, Intraday Stock Tips,Stock Future Tips, Nifty Future Tips  for 2 days on mobile. For more details visit us www.marketmagnify.com/nifty-future-tips.php or call at 0731- 6619100. 

Market Index Falls Over 800 Points in Opening Trading Monday by MarketMagnify

#Sensex tanks 1,000 points amid carnage in global markets, Nifty below 8000 Rupee falls 64 paise to 66.47/dollar, its lowest value in nearly two years amid selloff in emerging market currencies More #BSESensex news click on http://www.marketmagnify.com/nifty-future-tips.php

Sensex, Nifty to crash at start

The outlook is a crash at start. A quick revival is unlikely today but indices could find support after the initial sell-off as investors may look at shifting to some large caps which have crashed in the last couple of days. FIIs have been dumping shares in emerging markets including India and last week they sold index futures worth Rs 2,400 crore. The weakness in the Indian currency is hitting global investors. Indian Oil Corporation's offer for sale is expected to suck out some liquidity. The fate of a host of IPOs which are in the offing will be interesting to watch as most of them this year have done well so far. This week will also see the expiry of derivative contracts on Thursday and that will add to the choppiness.

For more updates on nifty future tips,nifty trrading tips please visit at http://www.marketmagnify.com/nifty-future-tips.php or call at 07316619100.

Senses cracks 500 pts in preopen trades

Sensex, Nifty open sharply lower in pre-open trades as selloff in Asian markets gathers pace. Rupee depreciates sharply, trades at 66.48 against dollar lowest since Sept, 2013. China is down over 8.5%, has erased all 2015 gains. Nikkei is down over 600 points, Hang Seng plummets over 1000 points.

Get Free Trial Service on Intraday Trading Tips , F&O tips, Intraday Stock Tips,Stock Future Tips, Nifty Future Tips  for 2 days on mobile. For more details visit us www.marketmagnify.com/nifty-future-tips.php or call at 0731- 6619100.