Disqus for www.money99.in

Friday 9 December 2016

Market Commentary of the Indian stock markets : 09 Dec 2016

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 41.50 points at the opening bell.

Overseas, Asian shares were mixed after the European Central Bank (ECB) trimmed the size of its asset purchase program. US stocks closed at record levels yesterday, 8 December 2016, after ECB outcome.

ECB yesterday, 8 December 2016, pledged to continue with its program of money printing to shore up the eurozone recovery but surprised financial markets by reducing the amount of stimulus it expects to provide each month. ECB left interest rates unchanged and said it would continue its program of quantitative easing (QE) to next December or beyond if necessary. But the central bank said it would reduce its monthly asset buys to 60 billion euros as of April, from the current 80 billion euros. It, however, said it reserved the right to increase the size of purchases again.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 698.86 crore yesterday, 8 December 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 64.32 crore yesterday, 8 December 2016, as per provisional data.
Gains in metal, auto sector stocks and index heavyweights ITC, Reliance Industries, Infosys, HDFC and HDFC Bank lifted key benchmark indices yesterday, 8 December 2016. The barometer index, the S&P BSE Sensex, surged 457.41 points or 1.74% to settle at 26,694.28. The Nifty 50 index jumped 144.80 points or 1.79% to settle at 8,246.85. Strong global cues boosted investors` sentiment. Both the Sensex and the Nifty hit their highest closing levels in nearly 4 weeks.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comentários:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Disqus for www.money99.in

Recent Posts

© Copyright 2015 Money99. Designed by Parag Patil