Indian Stock Market Trading Trending News

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market extended rally in morning with the Sensex climbing 400 points and the Nifty eyeing 7850 level. All sectoral indices continued to be positive, tracking good monsoon forecast, better-than-expected CPI & IIP data and positive global cues. The 30-share BSE Sensex rallied 398.43 points or 1.58 percent to 25544.02. The 50-share NSE Nifty rose 121.45 points or 1.58 percent to 7830.40 that recovered 1000 points from February low of 6825.

Forecast for normal monsoon rains, after two back-to-back droughts, is the single biggest trigger for today's rally, traders said. Adequate monsoon rains will help raise agricultural productivity, adding to the country's GDP growth. Agriculture accounts for 14 per cent of India's $2 trillion economy. Normal monsoon will revive the farm sector, which has been weighed down by subdued agriculture output and falling farmers' income. The farm sector supports two-thirds of the country's population.

Indian Stock Market Trading Trends by Marketmagnify

For news on Indian Stock Market Tips, Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The S&P BSE Sensex rallied over 300 points in morning trade on Wednesday, led by gains in ICICI Bank, ITC, RIL, HDFC, L&T, and Wipro.The rally in markets was largely led by surplus monsoon forecast by the weather office this year after two consecutive droughts. 

Indian banking stocks rise on Wednesday.India's retail inflation eased in March to a six-month low, raising hopes the central bank would ease interest rates further.Reserve Bank of India cut policy rates by 25 bps last week to a more than five-year low, leaving open the prospect of more cuts if inflation trends stay benign.The S&P BSE Bankex index jumps 1.66 pct, has the highest weightage on the benchmark BSE index, which is up 1.5 pct

Duty on stainless steel imports from China may face a probe:Srcs

The Director General of Antidumping has asked for a probe into the Countervailing Duty (CVD) on stainless steel products that are being imported mostly from China. The request has come following an application from JSL Stainless , reports CNBC-TV18 quoting sources. China gives a lot of subsidy to stainless steel makers by way of power tariffs and taxes. This probe will have implications for the Indian stainless steel industry. About 50 percent of China's total stainless steel produce is exported to India.

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Dr Reddy's Labs up 2% as Rs 1569-cr buyback to begin on April 18

Shares of Dr Reddy's Laboratories climbed more than 2 percent intraday Tuesday after the drug major announced commencement date for its buyback offer of worth Rs 1,569 crore. The stock gained more than 7 percent in last two months, especially since February 11. The company said the buyback of equity shares will begin on April 18 and is proposed to be completed within a maximum period of six months from the date of opening. The board of directors and shareholders (through postal ballot) approved the buyback proposal on February 17 and April 1, respectively.

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Why banks are unable to draw savers despite high interest rates

A relatively high real interest rate is still not encouraging savers to deposit money with banks, resulting in shortage of funds with banks for lending. According to a report by SBI’s Economic Research Department, deposits with all scheduled commercial banks (ASCBs) have grown 9.9 percent in FY16, the lowest in more than five decades. According to SBI Chief Economic Adviser Soumya Kani Ghosh, a key reason for this could be that lower inflation is giving people the confidence to spend more than when inflation was high.

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Farm sector stocks in focus on hopes of good monsoon

Shares of fertiliser, irrigation systems and agri machinery manufacturers were in limelight today, rising as much as 10.6 percent, after the government said monsoon this year is expected to be normal. Jain Irrigation Systems   soared 8.23 percent on NSE. The scrip of Escorts zoomed 10.61 percent and VST Tillers Tractors rallied 7 percent. Shares of Chambal Fertilisers and Chemicals   surged 5.19 percent, Kaveri Seed   Company gained 4.96 percent, Rashtriya Chemicals and Fertilizers (4.42 percent), Deepak Fertilisers and Petrochemicals (4.1 percent) and National Fertilizers   (4 percent). "El Nino condition is declining. It is expected that La Nina condition will takeover, and will perhaps favour a good monsoon this year," Agriculture Secretary Shobhana K Patnaik said yesterday addressing a national conference to launch kharif campaign for 2016-17.

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Indian Stock,MCX,Commodity Trading Analysis

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market continued to be marginally higher in morning trade with the Sensex rising 78.91 points to 25101.07 and the Nifty climbing 23.50 points to 7694.90. Pharma, banking & financials, auto and oil & gas stocks gained while metals stocks lost shine. The BSE Midcap and Smallcap indices outperformed, rising over 0.7 percent as more than two shares advanced for every share declining on Bombay Stock Exchange.

Shares of fertiliser, irrigation, seed and two-wheeler manufacturers, rallied sharply a day after private weather forecaster - Skymet - predicted above average rains this year. Monsoon rains are important because they provide water to half of the country's farmlands that lack irrigation facilities.