SENSEX SETTLES ABOVE 28000

The benchmark BSE Sensex for the first time settled above the 28,000 level and NSE Nifty crossed 8,400 level on buying in auto, banking and FMCG stocks as falling crude prices boosted market sentiment.
The 30-share Sensex touched life-time high of 28,126.48 points before concluding at record closing level 28,008.90, posting gains of 98.84 points or 0.35 per cent.
The BSE barometer had breached the 27,000 level on September 2 this year.
The 50-share Nifty also crossed 8,400 level to scale life-time high of 8,415.05 points. It closed at record high of 8,383.30, up by 20.65 points, or 0.25 per cent.
"Markets are trading near their all-time high levels. Further fall in crude prices and expectations of further reforms kept sentiments positive," said Dipen Shah, Head- Private Client Group Research, Kotak Securities.
Foreign portfolio investors (FPIs) bought shares worth Rs 458.04 crore yesterday, according to provisional data from stock exchanges.
"Markets are expecting the CPI (consumer inflation) to trend further lower. The fall in CPI over the past few months has led to expectations of an early interest rate cut," Shah added.
Among major Sensex gainers, Axis Bank rose the most by 3.02 per cent, followed by Bajaj Auto (2.10 per cent) and Tata Motors (1.71 per cent).
Gains in ITC Ltd (1.55 pc), Hero MotoCorp (1.50 pc), ICICI Bank (1.33 per cent) and HDFC Ltd (1.12 pc) also supported the indices to scale new peaks.
"Though the benchmarks were finally seen crossing the consolidation range on higher side but cautiousness among the participants kept the upside capped ahead of crucial economic data of CPI inflation and IIP numbers, which are scheduled post market," Religare Securities President-retail distribution Jayant Manglik said.
Cipla, Tata Power, Tata Steel and NTPC were among major losers with losses of up to 3 per cent.

NEED MORE STOCK MARKETS TO CHANNELISE SAVINGS

Leading bourse BSE today favoured more stock markets in the country saying it will help in channelising the household savings into productive capital.
Speaking at an annual summit on capital markets, BSE MD and CEO Ashish Kumar Chauhan said there is "need for more stock markets in India as it allows to channelise the savings of the country into productive capital."
He further said that India needs to create 1.5 crore new jobs annually for next 20 years or about 30 crore new jobs that cannot be created by government alone. He said this "will have to come out from private sector which goes to the stock markets to raise its funds."
Chauhan said the focus should be on channelising the household savings into the equity market, rather than it turning into 'idle money'
"Only 10 per cent of India's total savings worth about USD 600 billion i.e. about 30 per cent of India's GDP (USD 2 trillion) goes into financial instruments while 90 per cent of it goes into non-productive assets like gold but when invested in stock markets that money goes into creating jobs and creating companies," Chauhan said at an Assocham event.
Meanwhile, Manoj Joshi, joint secretary, financial markets in the Finance Ministry talked about the need to train financial regulators in the country.
"There is a need to train financial regulators in India like Sebi and RBI in terms of cost-benefit analysis as it is essential to optimise regulation in the financial system by weighing its costs against its benefits," he said.
He emphasised on the need for a strong penal system for less regulation in financial markets.
"If Sebi or RBI are able to effectively take action against wrongdoers not after the scam is broken and after it becomes too large an issue but for the minor offences in the beginning, probably there would be less requirement of corporate governance norms," Joshi said.

NIFTY OUTLOOK FOR 11 & REVIEW

KEY DATA TO DRIVE MARKET

Nifty                               8363 +19

Nifty traded in a narrow range (within the low and high of Monday) and closed at the upper end of the range suggesting further bullishness. But it all depends on the key statitistical figures to be released i.e., IIp, and Inflation numbers. If it breaks out on the upper side, Nifty could go upto 8500 / 8550.  Short term trend continues to remain positive  and stoploss  may be  continued at 8275 (on close basis).  Nifty spot is expected to encounter resistance at 8400,, 8440 and find support at 8320, 8275 for Wednesday. As Nifty is closing in a tight range for the last couple of day, a decisive and directional move can be expected in a day or Two. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness zigzag movements.

NIFTY ANOTHER RECORD

The BSE Sensex today gained 35 points in a volatile trade while the NSE Nifty settled at record closing high of 8,362.65 points on continued foreign funds inflows ahead of inflation and IIP data tomorrow.
The 50-share Nifty continued its record-setting run for the second straight session and ended up by 18.40 points, or 0.22 per cent, at all time high of 8,362.65. It shuttled between 8,378.70 and 8,321.85 in day trade.
The BSE barometer Sensex opened on a strong footing and rose to intra-day high of 27,996.92.
But later it succumbed to profit-booking at near record levels and touched a low of 27,790.40 before settling at 27,910.06, a gain of 35.33 points, or 0.13 per cent, over previous close. The 30-share index had closed at record high of 27,915.88 on November 5.
A positive momentum after government's reforms process and a firming trend at global markets buoyed the trading sentiment, brokers said. Global crude prices dropping to four-year low also helped the positive momentum, they added.
Brent crude for the December delivery eased 22 cents to four-year low of USD 82.12.
Foreign portfolio investors bought shares worth Rs 355.30 crore yesterday, according to the stock exchanges' data.
However, profit-booking at some counters ahead of inflation data for October and IIP numbers for September to be released tomorrow, slowed down the rally to some extent.
Of 30 Sensex stocks, 16 scrips led by Axis Bank, ICICI Bank, HDFC, SBI, HDFC Bank, GAIL, RIL, Maruti Suzuki, M&M, L&T, Tata Power, Tata Steel, TCS and Sun Pharma gained.
On the other hand, Infosys, ITC Ltd, Bharti Airtel, BHEL, Coal India, Dr Reddy's, Hero MotoCorp, Wipro and Sesa Sterlite finished lower.
Sectorwide, the BSE Realty index gained the most by rising 1.05 per cent, followed by Banking index by 0.74 per cent and Auto index by 0.68 per cent.
Indicating firm sentiments, the breadth of the market was positive with BSE midcap index rising 0.72 per cent and smallcap index by 0.24 per cent.

NIFTY OUTLOOK FOR 11 & REVIEW

SECOND HALF SUBDUED

Nifty                               8344 +7

Nifty opened better and encountered selling pressure at higher levels but recovered from lower level to close in the green. Short term trend continues to remain positive  and stoploss  may be  continued at 8275 (on close basis).  Nifty spot is expected to encounter resistance at 8380,, 8415 and find support at 8305, 8270 for Tuesday. As Nifty is closing in a tight range for the last couple of day, a decisive and directional move can be expected in a day or Two. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to encounter profit booking at higher levels and remain subdued towards close.

NIFTY RECORD CLOSING

Nifty ends at record 8,344; Sensex slips from high level Mumbai, Nov 10 (PTI) The 50-share NSE index Nifty today closed at all-time high of 8,344.25, while BSE benchmark Sensex set a fresh record of 28,027.96 points in early trade but failed to sustain the level and ended the day lower. Brokers said cautious investors booked profits across counters as their hope of a rate cut has waned, pulling down the indices from their record high levels. After opening on a strong note, the 30-share Sensex surged to hit new lifetime high of 28,027.96, surpassing the previous high of 28,010.39 recorded on November 5. The index started losing momentum quickly and slipped into the negative territory to touch a low of 27,764.75 in volatile trade. It finally ended the day at 27,874.73, 6.10 points higher than its previous close. The 50-share Nifty closed moved up by 7.25 points, or 0.09 per cent, to close at all-time high of 8,344.25 after hitting life-time high of 8,383.05 intra-day. "The markets were seen trading with the sideways bias for the fourth successive session and closed almost unchanged in the end.... Profit taking retraced the entire gain and pushed it into the red. "It was seen as reaction to the statement made by the RBI Deputy Governor indicating negligible possibility of rate cut in the upcoming monetary policy (on December 2). However, recovery in the later half trimmed the intra-day losses and helped index to close flat," said Jayant Manglik, President, Retail Distribution, Religare Securities.
Market players said sentiment was upbeat in the morning on hopes that the government will accelerate economic reforms process after expansion of the Union Cabinet, lifting the Sensex and Nifty to new highs. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 2,537.13 crore, according to provisional data from the stock exchanges.

50% OF OCCUPATIONS TODAY MAY NOT LAST LONGER

A paradigm shift is expected to be witnessed in the way workplaces operate over the next 15 years, making nearly 50 per cent of occupations existing today redundant by 2025, a report has said. Artificial intelligence will transform businesses and the work that people do. Process work, customer work and vast swathes of middle management will simply disappear, it said. The report titled 'Fast Forward 2030: The Future of Work and the Workplace' has been prepared by realty consulting firm CBRE and China-based Genesis, a property developer, after interviewing 220 experts, business leaders and young people from Asia, Europe and North America.
"Nearly 50 per cent of occupations today will no longer exist in 2025. New jobs will require creative intelligence, social and emotional intelligence and ability to leverage artificial intelligence. Those jobs will be immensely more fulfilling than today's jobs," the report said.
Workspaces with row of desks will become completely redundant, not because they are not fit for purpose, but simply because that purpose no longer exists, it said.
"The next 15 years will see a revolution in how we work, and a corresponding revolution will necessarily take place on how we plan and think about workplaces. "The dramatic changes in how people work that we have seen in the past two decades will continue to evolve over the next 15 years, opening up new opportunities for companies to create value and enhance employee performance through innovative workplace strategies and designs," CBRE South Asia Chairman and Managing Director Anshuman Magazine said. He said many of these opportunities have in fact already arrived, and by seizing them early, smart companies can gain a competitive advantage. By 2030, a majority of real estate transactions may be made online. And most of them will be made using real time marketplaces, the report noted. "Real estate traditionally changes slowly but these new emerging aggregators could revolutionise the market, allowing tenants and many types of building owners in cities to contribute wasted and unused space back into an eco-system of available space," Magazine said.
Given the coming dramatic changes, companies will need to re-learn how to obtain high performance from employees and contractors, CBRE Asia Pacific Director of Workplace Strategy Peter Andrew opined.

ONLINE INSURANCE TO GET BOOST

The insurance industry expects online sales to grow by around 20 times to Rs 15,000 crore by 2020, according to a study. "Digitalisation influence is quite high in the country with the Internet access is growing at a phenomenal pace and rising smart phone penetration. We are expecting sales in the insurance sector to grow by 20 times to Rs 15,000 crore by 2020 through the digital medium," Boston Consulting Group Principal Amit Kumar told PTI, explaining the 'Insurance @Digital -20X by 2020' report. Online insurance sales market in India would be around Rs 3,500-Rs 6,000 crore for life insurance and Rs 11,000-Rs 15,000 crore for non-life insurance, the report said. The online insurance market is now is over Rs 700 crore, in which life insurance sales contributed Rs 300 crore, motor insurance around Rs 250 crore and other segments like health and travel make up for about Rs 150 crore. Even though online purchases are a small component of commercial activity today, it is growing rapidly, the report said, adding that the impact of digital sales would be felt beyond just online sales. It has been estimated that by 2020, three in every four insurance policies would be influenced by digital channels during either the pre-purchase stage, purchase or renewal stages, the report said. In insurance, term life plans and travel insurance have already picked up substantially in the last few years, the report said. The report explained that Google's Consumer Barometer 2013 showed that since 2008 search queries for motor insurance has grown six times, that of health insurance has grown by 4.5 times and life insurance queries have grown by 4.5 times.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

HIGHLY VOLATILE MOVEMENTS….!!!

 

During the current week Moon would be transiting  from Mrigasira in Gemini to Aslesha in Cancer.

Sun transits in  Visakha    in Libra.

Mercury   transits  in  Swathi constellation  Libra .

Venus transits in   Visakha constellation in Libra.

Mars  transits in   Poorvashadha constellation in Sagittarius .  

Saturn transits in  Scorpio  in Visakha constellation and Cancer Navamsa.

Jupiter transits in  Cancer in Aslesha constellation in    Pisces  navamsa ..

Nifty’s monthly astro reference range was quite small i.e., 8365 and 8297 and Nifty can be considered bullish above 8365 and bearish below 8297 for the rest of the month with a target of 8525 on the upside or 8150 on the downside as initial targets. (Both targets possible in view of small reference range)
Further, current week is very eventful in view of the hard aspects among slow moving planets besides Mars Pluto conjunction and Sun Jupiter Square. Highly volaltile movements / huge swings can be expected and hence caution is expected both at higher levels and at lower levels too.  Bias is expected to be bearish, hence caution particularly at higher levels.

Nifty Outlook for Next Week :: (10.11.2014 to 14.11.2014) …  

NIFTY :: 8337 (+15) (Short term Bearishness below 8250….)

After Two weeks’ of smart rally Nifty moved in a small range (only Three trading sessions) and closed in the green. , In view of the narrow move last week, it could witness a huge upmove with wild swings once it breaks above or below the last week range. A directional move is possible during the week after last week’s narrow move. IIP numbers and WPI / CPI inflation numbers would be announced during the week which would influence the market. However, RBI’s indication that rate cut could further time could dampen the spirits. Fall of crude oil prices to a multi year low and consequent effect on inflation etc., would make a strong case for rate cut which would revive the economic cycle. Market seems to be having best of both worlds ie., Reforms from Government and  falling crude prices .  Improved corporate performance too would come in soon which is being discounted by the markets. Despite these positive factors, market is fully priced and stock picking is the only way to perform in the market. Next Big event is Budget and big bang reforms can be expected in the budget. A path breaking budget is being  expected.

Nifty is once again above all short term moving averages and  is infact at a new HIGH. However, in view of the over bought position, traders need to be vigilant and high degree of caution with proper risk management is necessary.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8020, 8015, 7835 and 7215 respectively and would

act as supports / resistances.

Strong long term support would be around 7200 level and Medium term support is 7850. Short term support is at 8250 and Nifty would become weak only on a close below 8250.

Technical Levels ::

For the coming week, Nifty spot is expected to face

resistance at 8430,  8520, 8610 and find support at 8245, 8155, 8065.

Minor resistances may be found at 8375, 8405, 8425, 8450  and minor supports at 8300, 8270, 8250, and 8220.

For short term Nifty is bullish and would become bearish only if it closes below 8250 and could encounter resistance could encounter resistance around 8525 during the week.

Advice for Traders ::

Nifty’s uptrend continued for the Third week while the movements were very narrow last week. Current week can be expected to be eventful in view of IIP and inflation numbers which could move the market significantly. On the upside, Nifty is expected to encounter strong resistance between 8525 and 8600 and it would become weak  on  a close below 8250, In view of the smart upmove in the last Three weeks, only strong positive news can move the market up. Otherwise, it could get into consolidation or correction. Stock specific approach may be followed.

NIFTY OUTLOOK FOR 10

MIDSESSION SUBDUED

Nifty                               8337 - 1

Nifty traded in zigzag manner and  closed flat for the day and also for the week. Nifty appears to be in “Pause” mode preparing for the next move. Short term trend continues to remain positive  and stoploss  may be  raised to 8275 (on close basis).  Nifty spot is expected to encounter resistance at 8370,, 8410 and find support at 8300, 8260 for Monday. While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to be subdued in midsession and recover towards close. 

BSE SMALL & MIDCAP INDICES OUTPERFORM SENSEX

Buoyed by robust stock market sentiment, the small-cap and mid-cap indices of the BSE have rallied by up to 56 per cent, outperforming the larger index -- Sensex -- this fiscal. The small-cap index of the BSE has given a return of 55.86 per cent, followed by mid-cap index with 40.29 per cent gain. On the other hand, gain in the blue-chip index Sensex has been at 24.11 per cent from April 1 till date, an analysis of the three indices showed. The Sensex touched its all-time high of 27,969.82 yesterday. The mid-cap index touched its one-year peak of 10,068.63 on September 16 and the small-cap index hit its 52-week high of 11,352.01 on the same day. Experts said when markets perform well, smaller stocks make big gains than the front-lines. But during the times of uncertainty, greater losses are seen in mid and small-cap scrips. Analysts said bullish investor sentiment following a new government at the Centre and robust foreign fund inflows have been fuelling rally in the domestic equity markets. Since the beginning of this year, overseas investors have infused a net amount of Rs 82,266 crore (USD 13.7 billion) into the equities, while they invested a net of Rs 1.36 lakh crore into the debt market (USD 22.5 billion) taking the total to Rs 2.18 lakh crore (USD 36 billion). Retail investors are major participants in mid-cap and small-cap stocks and their activity in this segment has been upbeat over the past few months. Market players say smaller stocks are generally bought by local investors, while overseas investors focus on blue-chip shares. The mid-cap index tracks companies with a market value that is on an average one-fifth of blue-chips or large firms. Small-cap firms are almost a tenth of that.

MODI DEBUT IN MOST POWERFUL LIST

Prime Minister Narendra Modi today made his debut among the world's most powerful people, ranked 15th on the Forbes list topped by Russian President Vladimir Putin who pipped his US counterpart Barack Obama for a second year in a row. The list of 72 most powerful people in the world also included the names of Reliance Industries Chairman Mukesh Ambani at 36th, ArcelorMittal Chairman and CEO Lakshmi Mittal at 57th and Microsoft's Indian-born CEO Satya Nadella at 64th. On Modi, Forbes said "India's newest rock star doesn't hail from Bollywood. He is the newly elected Prime Minister who sailed into office in May with a landslide victory, ushering the Bharatiya Janata Party (BJP) into power after decades of control by the Gandhi dynasty." Forbes described him as a "Hindu nationalist" and refereed to the 2002 Gujarat riots when he was the state's Chief Minister. "Modi is credited with massive reconstruction projects in his home state of Gujarat. His administration promises to bring economic rejuvenation to other beleaguered parts of India. The world is as impressed as the citizens of India: So far he's toured the US and China and met with his Southeast Asian neighbours," the magazine said. This year there are 12 newcomers on the list, including Modi and Egypt President Abdel el-Sisi. Alibiba founder and China's richest man -- Jack Ma also makes a first appearance on the list after his record-breaking USD 25 billion initial public offering in September, as does terror group Islamic State's chief Abu Bakr al-Baghdadi. A notable omission from the list is Congress Party President Sonia Gandhi, who was the highest ranked Indian last year at 21. The next Indian after Modi on the list is Ambani at 36th. Forbes said Ambani has business ventures in petrochemicals, manufacturing, oil and gas production, and now wireless sectors, "the sum of which have landed him as the richest person in India for eight years running." It noted Reliance's USD 655 million acquisition of media outfit Network18. In October, Modi inaugurated Ambani's Reliance Foundation's new hospital in Mumbai, "ending rumours about Ambani's waning clout in New Delhi," it said. This is the second year in a row that Putin carries the crown. Obama had previously been on the top of the list for every year with the exception of 2010, when Hu Jintao, the former political and military leader of China, was ranked 1. The top five remain the same as 2013 —- Chinese President Xi Jinping ranked third, Pope Francis at No. 4 and the world's most powerful woman German Chancellor Angela Merkel ranked fifth.