Top 3 elements which will graph Stock Market Direction next Week

SEBI Registered Company in Indore

The Nifty took a breather after hitting a record high of 9,218 in the earlier week and closed 0.56 percent bring down for the week finished March 24, 2017. The S&P BSE Sensex ended 0.7 percent lower at 29,421.40 in the same period.

The S&P BSE midcap index closed 0.3 percent lower, while the S&P BSE Smallcap index ended 0.4 percent higher for the week ended March 24.

The market is consolidating in a narrow range close to its critical support level, which still warrants some alert as a breakdown could take the index towards even lower levels from here. However, a breakout, could take the Nifty towards 9,218-9,250 level and beyond.

Sebi bans RIL from equity derivatives

Come Monday morning, Reliance Industries (RIL), the nation’s second most valued firm will be in focus after the Securities and Exchange Board of India (SEBI) on Friday prohibited RIL and 12 others from equity derivatives trading for one year and directed the firm to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case.

March F&O expiry

Stock Future Tips The stock exchange is expected to stay volatile in front of the expiry of March month’s contract as traders roll over their derivative positions (Futures & Options (F&O)) segment from the near-month March 2017 series to April 2017 series.

Mphasis, NLC India up 5-7%

Share price of Mphasis and  NLC India  (earlier known as Neyveli Lignite Corporation) gained 5.6 and 7.2 percent respectively on Friday as companies going to consider the buyback of its equity shares. 

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Mphasis' board meeting will be held on January 31, to consider a proposal for buyback of the equity shares in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (buyback of Securities) Regulations, 1998. 

NLC India also consider matters related to buyback of fully paid equity shares of the company including matters related/incidental thereto and any other matter as the board of the directors may decide during the course of the meeting, in the board meeting scheduled to be held on January 31. 

At 09:26 hrs Mphasis was quoting at Rs 559.50, up Rs 24.95, or 4.67 percent on the BSE. 

NLC India was quoting at Rs 98.50, up Rs 5.15, or 5.52 percent, touched a 52-week high of Rs 100.10 on the BSE. 

Equity Tips- Sensex, Nifty open Lower

Pegging the Sensex target at 29,000 for December-end 2017, global financial services major Bank of America Merrill Lynch (BofA-ML) said Indian equity markets should deliver positive returns in the year despite uncertainties created by demonetisation and GST.

The market has opened flat Monday as the Sensex is down 2.82 points at 27235.24. Equity Tips- The Nifty is down 9.40 points or 0.1 percent at 8390.95. About 283 shares have advanced, 160 shares declined, and 183 shares are unchanged. 

Coal India, HDFC Bank, Tata Motors, Lupin and Hero MotoCorp are top gainers while Infosys. Cipla, ICICI Bank, NTPC and Asian Paints are losers in the Sensex. 

The Indian rupee opened lower by 8 paise at 68.23 per dollar versus 68.15 Friday. 

"The USD will trade with a positive bias considering weak cues from global as well as domestic equity market. The trading range for spot USD-INR pair will be 68-68.50/dollar."

SEBI Registered Company in Indore

Know Interesting Facts about Stock Market

Generally, the stock market of any country's economy, known as standards. It shows the strength of the country's economy and its basis as a foreign Inversts (foreign investors) in countries that invest directly.

In fact, any company shares are bought and sold only through the stock market. Therefore, the index remains at country and global attention. Any fluctuations in the market on the economy has a direct impact. There are many interesting facts associated with the stock market, which most people will hardly know.

India has 12 stock  exchanges

Usually in the country, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), which other exchanges than would hardly knows about. 12 stock exchanges in India, of which only 7 are permanent exchange, while the other 5 from time to time to exchange your license has to be renewed.

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