AFRICAN LEADERS IN TRADITIONAL INDIAN ATTIRE IN NEW DELHI

TRENDS OF PETROL CONSUMPTION IN INDIA

Mobile App for forex Fxkart.com launched

Fxkart.com, the online aggregator of foreign exchange dealers, today launched India's first forex booking mobile app for exchange of foreign currency. The UAE-based Free Zone company, Fxkart.com, aims to change the way consumers buy/sell forex in India through the use of technology. The app is available on iOS and Play store platforms, Fxkart.com said. The company has its R&D (Research and Development) Centre at Bengaluru, and is currently reaching out to people at more than 650 locations across India, it said in a statement here. Fxkart.com aims to provide the consumers with the ease of instantly booking forex requirement by locating the cheapest and nearest dealer in the city, bringing convenience to the traveler/tourist to book forex with a click, it added. "The new app would answer all customer queries about foreign exchange through a personalised chat option. The app is geo-located, where users can enter the city or the locality from where they want to collect the foreign exchange, and automatically the screen would display the RBI licensed money changers in and around the locality along with the best rate," Fxkart.com CEO Abdul Hadi Shaikh said. "Users will have to then select the best offer and based on customer requirement they can either collect it from the store or have it home delivered," he added. International tourists have an option to book it even before they travel to India and can get the deal once they land at the airport. In the next update, customers will have an option to upload their documents, thus making a hassle free, haggle free transaction, it said. The "biggest advantage" of this app is that the customers can compare rates at transit destinations too and if the rate is better, they can easily book a deal and order it at the airport or at their hotel too, the company said. 

LATE BUYING SUPPORTS SENSEX TO SETTLE ABOVE 27000

Fag-end buying saved the day for domestic market as the BSE Sensex reversed all of its early losses and settle 204.46 points higher at 27,214.60, tracking firm global cues, while Nifty reclaimed the 8,200-level. In early trade, the 30-share Sensex cracked below the 27,000-mark by dropping 93 points to hit a low of 26,917.12 as investors booked profits in recent gainers after the country's exports in September dropped for the tenth straight month. However, on across-the-board buying in late session, the index recovered from early losses to end at 27,214.60, up 204.46 points or 0.76 per cent. Meanwhile, the 50-issue NSE Nifty recaptured the crucial 8,200-mark and settled 58.65 points or 0.72 per cent higher at 8,238.15. It slipped to a low of 8,147.65 during the day. With today's late rally, both Sensex and Nifty climbed 135.09 points (0.49 pc) and 48.45 points (0.59 pc), respectively, for the week, to log third-straight weekly rise. Market commenced lower as participants locked in gains in blue-chips that made sizeable grounds in yesterday's session amid slump in exports and a weakening rupee. Country's exports shrunk for the tenth straight month by 24.33 per cent in September to USD 21.84 billion due to steep fall inbound shipments of petroleum products, iron ore, and engineering goods amid tepid global demand. Reliance Industries, which surged 1.07 per cent at Rs 913.70 ahead of its Q2 earnings, helped in the success story. Moreover, Maruti Suzuki continued its upward journey and gathered another 1.56 per cent to Rs 4,448 on expectations of pick up in its sales during the ongoing festive season. Other stocks from the auto space too perked up with Tata Motors rising by 1.72 per cent to Rs 387.25, followed by M&M 1.19 per cent, Bajaj Auto 0.42 per cent and Hero MotoCorp 0.88 per cent. Out of the 30-share Sensex, 20 ended higher. Gains in L&T, SBI, ONGC, HDFC Bank, HDFC, ICICI Bank, Dr Reddy's, NTPC, Axis Bank, ONGC, Cipla, BHEL, GAIL, TCS and Sun Pharma also contributed. Globally, Asian markets closed at almost two-month highs. Hong Kong's Hang Seng ended 0.78 per cent higher, while Shanghai Composite closed 1.60 per cent up. Japan's Nikkei too up 1.08 per cent. European markets were slightly higher in their early trade as another batch of weaker-than-estimated economic reports from China, Europe and the US boosted hopes that central banks will maintain stimulus measures. 

SENSEX REGAINS 27000

Indian shares closed in green after three days, mirroring a firm global rally as a weak US data reduced the odds of the Federal Reserve raising rates this year, propelling the BSE Sensex again to the 27,000-level. Spurt in auto stocks gave a further fillip to the market mood with the sector index logging a gain of 2.33 per cent. The benchmark BSE Sensex resumed higher at 26,842.19 and firmed up further to 27,037.95 before closing at 27,010.14, showing a gain of 230.48 points or 0.86 per cent. Tata Motors was the top index gainer with a surge of 8.06 per cent as its Jaguar Land Rover unit reported a 3 per cent rise in September sales. Other automakers including Maruti Suzuki, Hero MotoCorp and Bajaj Auto also notched up smart gains on hopes of a surge in sales during the festive season. Meanwhile, the US Commerce Department yesterday reporting that retail sales inched up by 0.1 per cent in September triggered a massive rally in Asian and European markets as the data reinforced hopes of a Fed rate hike delay. "India is experiencing a benefit from the same with strong uptick in Asia and EMs," said Vinod Nair Head-Fundamental Research of Geojit BNP Paribas Financial Services. As a result, the 50-share NSE Nifty also perked up by 71.60 points or 0.88 per cent to close at 8,179.50. The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower. All the other sectoral indexes ended in green. The 30-share Sensex lost 300 points in last three days on disappointing second quarter earnings numbers of technology companies including TCS and Infosys. The bearish mood turned for the better today on buying in auto, refinery, metal, capital goods and power sector stocks. Major BSE gainers included BHEL 3.02 per cent, Tata Steel 2.94 per cent, GAIL 2.16 per cent, Coal India 2.14 per cent, ONGC 2.04 per cent, SBI 1.92 per cent and Lupin 1.84 per cent. However, M&M, Wipro, Hindalco, Hind Unilever, Cipla, NTPC, TCS and Infosys ended up to 0.86 per cent lower. Chinese stocks led gains in Asian markets amid fresh signs of reform for their state-owned firms. Indices like China, Hong Kong, Japan, Singapore, South Korea and Taiwan rose in the range 0.93 per cent to 2.32 per cent. European stocks were also higher as expectations build that the Federal Reserve will delay raising interest rates. Key indices like France, Germany and the UK firmed up between 0.96 per cent to 1.37 per cent. 

Strong Support for Nifty @ 8100 …!

Outlook for 12.10.2015 to 16.10.2015

NIFTY :: 8190    (+240)

Nifty gained  far above the reisstance level of 8050 and finally closed around 8190 level with a 3% uplevel..

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7940, 8097 8220 and 8366.  respectively and would act as supports / resistances. Nifty is trading  below  half  of   the  averages  which is a matter of  concern.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Bearish  trend is   in    tact.

Moon transits between Uttarabhadra and  Revathi during 28^th September and 29^th September 2015. Highest and Lowest levels during these days would be the reference range for the next Three Weeks  s.

Nifty’s Highest and Lowest levels during the above period was 7921 and 7691 and traded above the highest levels thereafter till about 8240.

Trend change has taken place Nifty during the week with Nifty closing at more than 8110. Medium term would once again turn bullish only if Nifty is able sustain above 8150 for One more week. . Nifty would face strong support  around 8100, below  which it will have real bearishness .

Technical Levels ::

Resistance at 8325, 8400, 8475 (Bullish above 8250)

Supports at 8050, 7975, 7900 (Bearish below 8125)

Breakout level 8300 ; Breakdown level 7900,..... 

Advice for Traders ::

Weekly Open level is very important for the entire week. Long  positions may be considered  as long as it maintains above the Last week’s High.

Planetary Position...

Moon would be transiting  from Hastha  2^nd    Pada  in Virgo    to Anuradha 1 st  Pada in Scorpio

Sun transits in  Chitta 1^st  Pada in Virgo  to Chitta 2 nd   Pada in Virgo.

Mercury turns direct and   transits  in Uttarashadha 4 th  Pada  to  . Hastha 1^st Pada. .  

Venus transits in  in   Makha 3 rd Pada  in Leo to Makha 4 th Pada in Leo. .

Mars transits in   Leo in  Pubba 1^st Pada to Pubba 2^nd Pada. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 2 nd  Pada  and in Virgo Navamsa .

Jupiter ,, transits in  Leo in  Pubba 2 nd  Pada in Virgo  Navamsa .  

Rahu and Ketu  continue their transit in Virgo and Pisces  respectively.

mVISA PAYMENT SOLUTION ON ICICI POCKETS USERS

ICICI launches 'mVisa' mobile payment service

Top private sector lender ICICI Bank today launched a mobile-payment solution based on 'mVisa' that will allow its customers pay for services using their smartphones. The service, which can be used by customers who have installed an app of the bank's mobile wallet 'Pockets', works by scanning QR codes. They can make electronic payments from smartphones at physical stores, accept e-commerce deliveries, pay radio taxis and utility bills among others, the bank said in a statement. The service is based on ‘mVisa’, a new mobile payment solution from Visa, and ICICI Bank is the first globally to launch a mobile-app based ‘mVisa’ solution for consumers and merchants, it said. At present, customers pay either in cash or have to swipe cards at a point of sale (POS) machine to complete a transaction. The bank says it has had two million downloads of Pockets app and 70 per cent of them are non-ICICI Bank account holders. Customers will have to scan a ‘mVisa’ Quick Response (QR) code at a merchant location for payment, it added. The customer first click on the ‘mVisa’ icon on the ‘Pockets’ app, the camera gets switched on and the customer has to scan the QR code and enter the debit card PIN, it said. The bank's Executive Director Rajiv Sabharwal said this service will help overcome limitations of low POS machines penetration, adding there are only 1.1 million machines for 570 million debit cards. "This restricts cashless payments to be made only at a certain category of merchants. We believe that the simplicity of this technology will allow us to address this market gap," he added. To start with, the facility has been introduced in Bengaluru with 1,500 merchants, it said, adding it will shortly be extending it to other cities. 

SENSEX RALLIES 565 POINTS

Market benchmark Sensex today rose for the fourth straight by surging 564.60 points to close at one and a half months high of 26,785.55 tracking upbeat Asian and European cues after US jobs data fuelled speculation that the Fed will not raise interest rates any time soon. On the domestic front, Sensex's biggest single day rise in nine months since January 15, was supported by the rupee gaining some muscle against the dollar. The rally in Indian shares was a part of the smart upmove seen in global stocks triggered by expectations that the US Federal Reserve will delay the first interest rate hike in almost a decade in wake of a lackluster US jobs data. "The odds of a US rate hike during October have lessened due to poor payroll data," said Vinod Nair Head-Fundamental Research at Geojit BNP Paribas Financial Services. After tracking bullish global cues, the 30-share Sensex scaled the day's high of 26,822.42 and closed 564.60 points or 2.15 per cent higher at 26,785.55, a level last seen on August 21. Sentiment was also upbeat as a number of banks announced a reduction in base rates during the past few days in the wake of a steeper-than-expected 50 basis points cut in the repo rate by the Reserve Bank of India. Sensex has rallied by 1,168.71 points in four sessions, since the monetary policy review last week. On the day, 50-share NSE Nifty also recorded second biggest rise on the calender year by surging 168.40 points or 2.12 per cent to close at 8,119.30. Both the indices, Sensex and Nifty, posted their biggest single day gains since January 15. Out of the 30 Sensex stocks, 26 ended with gains while -- Maruti Suzuki, Dr Reddy's, Lupin and HUL -- lost. Shares of Tata Motors emerged as the top gainer among the Sensex pack by surging 6.13 per cent on sales data and reports that its Jaguar Land Rover sales surged in the US. Global markets were largely positive, on expectations that Beijing will take steps to accelerate growth and dimmed prospects of a near-term interest rate hike by the US Federal Reserve. Indexes from China, Tokyo, Hong Kong, South Korea indexes firmed up in the region 0.76 per cent to 1.62 per cent. While, gains between 2.12 per cent and 3.35 per cent were seen from Europe.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Nifty Bullish above  8050 ! 

                           

Outlook for Week 05.10.2015 to 09.10.2015

NIFTY :: 7951    (+82)

Nifty gained smartly following the reporate reduction of 0.50% and gained about 1%.

RBI gave more than market expectation .

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7827, 8248, 8227 and 8397.  respectively and would act as supports / resistances. Nifty is trading  below  most of   the  averages  which is a matter of  concern.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Bearish  trend is   in    tact.

Technical Levels ::

Breakout level 8050: Breakdown level 7690

Bullish above 8025 Resistance at 8100, 8175, 8250

Bearish below 7875 Supports at 7800, 7725, 7650.

Advice for Traders : Medium term would once again turn bullish only if Nifty is able sustain above 8150 for about Two weeks. Nifty would face  resistance around 8110, above which it will have real bullishness and has strong support around 7500 too. Astrologically, nifty is expected to be Bearish over the next two weeks, Weekly Open level is very important for the entire week. Long  positions may be considered  as long as it maintains above the Last week’s High.

Planetary Position

Moon would be transiting  from Punarvasu 1^st   Pada  in Gemini   to Makha 4 th  Pada in Leo.

Sun transits in  Hastha 3rd Pada in Virgo  to Hastha 4th  Pada in Virgo.

Mercury   transits  in Uttarashadha 4 th  Pada  to  . Uttarashadha  3rd Pada.  Mercury turns Retrograde from 17^th September till 9^th October 2015. There would be possibility of miscommunication as Mercury rules communication.

Venus transits in Direct motion  in   Makha 1^st  in Leo to Makha 2^nd Pada in Leo. .

Mars transits in  Makha  Makha 4^th    Pada.  In Leo to Pubba 1^st Pada,

Saturn moves into Direct motion and transits in   Anuradha constellation in Scropio sign in 2 nd  Pada  and in Virgo Navamsa .

Jupiter ,, transits in  Leo in  Pubba 2 nd  Pada in Virgo  Navamsa .  

Rahu and Ketu continue their transit in Virgo and Pisces  respectively.

Moon transits between Uttarabhadra and Revathi during 28^th September and 29^th September 2015.