ASTRO TECHNICAL GUIDE FOR NIFTY

for February 1, 2018

Budget Holds the Key

Tithi :: Magha Bahula Padyami

Nakshatra ::Aslesha

Persons born in Krittika, Uttara and Uttarashadha and those born in Leo and Sagittarius are advised to be alert in their dealings.

Sensitive / Trend change Timings : 9.40AM; 3.05 PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So till about 12.20 PM a d remain Subdued till about 2.15 PM and could remain Better till about Close of the day. However, Budget holds the key for the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 12.15 PM. If Nifty fut trades above ATP by about 2.30 PM Long Positions can be taken with Suitable SL and Such Positins can be Closed by about 3.00 PM of the day.

Technical Levels...

Resistance : 11070,11105 Support : 10985,10930

----------------------------------------------
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

ASTRO TECHNICAL GUIDE FOR NIFTY

for January 31, 2018

Generally Steady

Tithi :: Magha Sukla Poornia

Nakshatra ::Pushyami

Persons born in Bharani, Pubba and Poorvashadha and those born in Leo and Sagittarius are advised to be alert in their dealings.

Sensitive / Trend change Timings : 12.14PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better for Short Time and remain mildly Subdued thereafter till about close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades below ATP by about 11.30 AM, Short Positions can be taken with suitable SL and such positions can be closed by about 3.00 PM.

Technical Levels...

Resistance : 11090,11125 Support : 11010,10075

----------------------------------------------

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

INDICES RESUME RECORD RUN

Economic Survey boost sentement

Equities resumed their record- setting spree today after an upbeat growth forecast by the Economic Survey gave fresh impetus to investor sentiment. India will re-establish itself as the world's fastest growing major economy with GDP expanding by 7-7.5 per cent in 2018-19, up from 6.75 per cent in the current fiscal, said the Economic Survey tabled in Parliament today. The beginning of February derivatives contracts and unabated foreign fund inflows amid encouraging corporate earnings added to the optimism, brokers said. Benchmark indices continued their up-move supported positive global cues and strong liquidity. Market cheered the GDP growth estimates of 7-7.5 per cent for 2018-19 released by the Economic Survey. Sentiment was also buoyed by positive opening in European markets, tracking record closing at the Wall Street on Friday, brokers said.

The 30-share Sensex, after opening on a strong footing on optimistic buying by participants, gathered momentum to touch an all-time high of 36,443.98. However, it shed some ground on profit-booking, before finally finishing at 36,283.25, up by 232.81 points, or 0.65 per cent -- surpassing its previous record closing of 36,161.64 hit on January 24. The 50-share NSE Nifty too closed at a fresh life high of 11,130.40 points, up 60.75 points, or 0.55 per cent. It broke its previous closing record of 11,086 reached on January 24.

The BSE small-cap index declined 1.10 per cent, while the mid-caps fell 0.73 per cent.

The BSE Sensex spurted 233 points to end a fresh lifetime high of 36,283.25, while the broader Nifty too finished at record 11,130.40.

"Currently market is expecting a good Budget with focus on fiscal prudence and reducing rural distress. Additionally, good Q3 results from index heavyweights have taken markets to new high. But due to premium valuation, investors were cautious on the mid and small cap stocks," said Vinod Nair, Head of Research, Geojit Financial Services.

Meanwhile, foreigners bought shares worth Rs 937.31 crore, while domestic institutional investors (DIIs) sold shares to the tune of Rs 965.67 on Thursday, provisional data showed.

Shares of the country's largest carmaker Maruti Suzuki emerged as the top performer among Sensex components, climbing 3.85 per cent after the company reported 2.96 per cent increase in net profit for the third quarter ended December 31, 2017. Stocks of mortgage lender HDFC Ltd rallied 2.66 per cent after the company today reported over two-fold jump in its consolidated net profit at Rs 6,677.06 crore for the third quarter ended December 2017. Other major gainers were TCS, Hero MotoCorp, Kotak Mahindra Bank, Hindustan Unilever, Tata Steel, Bajaj Auto, HDFC Bank, Sun Pharma, L&T, Infosys, M&M, Wipro, Coal India, IndusInd Bank and Asian Paints, rising by up to 2.48 per cent.

Dr Reddy's, Bharti Airtel, ITC, Yes Bank, ONGC, Axis Bank and SBI ended in the negative zone, falling up to 5.92 per cent.

In sectoral terms, the BSE auto index gained the most at 1.60 per cent, followed by IT 1.16 per cent, teck 0.92 per cent, consumer durables 0.60 per cent, metal 0.24 per cent, capital goods 0.17 per cent and bankex 0.14 per cent. However, PSU, infrastructure, healthcare, oil and gas, power, realty and FMCG ended in the red, falling up to 1.22 per cent. In contrast, the broader markets were under pressure as investors trimmed their positions at higher levels.

ASTRO TECHNICAL GUIDE FOR NIFTY

for January 30, 2018

Volatile Movements with  Bullish Bias

Tithi :: Magha Sukla Chaturdasi

Nakshatra ::Punarvasu

Persons born in Aswini, Makha and Moola and those  born in Cancer and Scorpio are advised to be alert in their dealings.

Sensitive / Trend change Timings : 9.40 AM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So upto 10.20 AM and remain Subdued thereafter upto 12.00 PM and remain Better thereafter till about 1.45 PM and could remain Subdued towards Close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades Above ATP by about 9.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 10.15 AM. IF Nifty fut trades below ATP by about 10.30 AM ,Short Positions can be taken with suitable SL and such positions can be closed by about 12.00 PM. If Nifty fut trades Above ATP by about 12.15 PM, Long Positions can be taken with suitable SL and such positions can be closed by about 1.45 PM. If Nifty Fut trades below ATP by about 2.00 PM Short Positions can be taken with Suitable SL  and  such positions can be Closed by about end of the day.

Technical Levels...

Resistance : 11170,11205 Support : 11090,11055 ----------------------------------------------
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Budget Holds the Key

Outlook for the Week 29.01.2018 to02.02.2018

NIFTY :: 11070 (+175)

Nifty traded in a range of 10881 to 11110 during last week and closed nearer to the High of the range for the week at 11070 with a Gain of 175 Points (about 1.61%). It had closed with a Positive outlook. On Wednesday made a new 52 week high and made a positive close for the 8 th week in a row. Since Budget day is quite Close, Market would factor in the possible outcomes in the market before Budget. Union Budget would be presented in the Parliament next week and it would decide the future course of the market.

- Market is quite Bulliish for Short, Medium and Long term too. However, Short term would become Bearish if Nifty comes  Down and closes below 10850

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10726, 10492, 10317 and 9984 respectively and would act as Supports and Resistances.

- Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than about a Year ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and hence can be considered as Bullish.

Technical Levels...

Breakout level : 11200 Breakdown level : 10850.

Bullish above 11150 with Resistance at 11225, 11300,11375

Bearish below 11000 with Supports at 10925, 10850,10775

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 Weekly open level.

---------------------------------------------

Planetary Position...

- Moon would be transiting from Aardra 2 nd Pada in Gemini to Poorva Phalguni 1 st Pada in Leo.

- Sun transits from Sravana 2 nd to 3 rd Pada in Capricorn.

- Mercury transits from Uttarashadha 2 nd to Uttarashadha 3 rd Pada in Capricorn.

- Venus transits from Sravana 3 rd Pada in to Dhanishta 1 st Pada in Capricon.

- Mars transits in Anuradha 2 nd Pada in Scorpio to Anuradha 3 rd Pada in Scopio 

-  Saturn transits in Moola 4 th in Sagittarius and moves in Cancer Navamsa.

- Jupiter transits in Visakha 3 rd Pada in Libra and moves in Gemini Navamsa.

- Rahu and Ketu move to Cancer and Capricorn Rasis and in Capricorn and Cancer Navamsas.

---------------------------------------------

Second Half Better (for Monday)

Tithi :: Magha Sukla Trayodasi

Nakshatra ::Aardra

Persons born in Aslesha, Jyeshta and Revathi and those  born in Cancer and Scorpio  are advised to be alert in their dealings.

Sensitive / Trend change Timings : 12.23

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So upto 9.45 AM and remain Subdued thereafter upto 1.00 PM and remain Better thereafter till about 3.05 AM and could remain Subdued towards Close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades  below ATP by about 9.45 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 1.00 PM. IF Nifty fut trades above ATP by about 1.15 PM, Long Positions can be taken with suitable SL and such positions can be closed by about 3.00 PM.

Technical Levels...

Resistance : 11110,11145 Support : 11030,11000

ASTRO TECHNICAL GUIDE FOR NIFTY

for January 24, 2018

Mid Session Better

Tithi :: Magha Sukla Saptami

Nakshatra ::Aswini

Persons born in Rohini, Hastha and Sravana and those  born in Taurus and Virgo are advised to be alert in their dealings.

Sensitive/Trend change Timings : 2.32 PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Subdued and remain So upto 10.25 AM and remain Better thereafter upto 12.00 PM and remain Steady/Subdued thereafter till about Close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades below ATP by about 9.30 AM, Short Positions can be taken with suitable SL and such positions can be closed by about 10.20 AM. IF Nifty fut trades above ATP by about 10.30 AM , Long Positions can be taken with suitable SL and such positions can be closed by about 12 PM, If Nifty fut trades below ATP by about 1.30 PM , Short Positions can  be taken with suitable SL and such positions can be closed by about Close of the day.

Technical Levels...

Resistance : 11125,11160 Support : 11045,11010

----------------------------------------------
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

RECORD RUNNING SPREE IN INDIAN STOCK MARKET

Sensex scales 36K, Nifty tops 11K

Domestic equities continued euphoric run for the fifth straight day riding a wave of optimism, with the BSE Sensex surging past the 36,000-level and the NSE Nifty breaching 11,000 for the first time ever following IMF's GDP forecasts for India coupled with positive global cues. Both benchmark indices were driven by strong gains mainly in metal, banking, IT and infra shares amid earnings optimism. The major trigger behind the boost in investors optimism was the International Monetary Fund's forecast that India's GDP growth will hit 7.4 per cent in 2018-19 and the country will regain the status of the world's fastest growing major economy.

India’s stock market opened higher on Tuesday with the key equity indices Sensex and Nifty hitting their respective all-time highs led by the rally in the shares of heavyweight companies such as Reliance Industries, Infosys, and HDFC. The domestic markets started the day at record highs with Sensex and Nifty shying off from the round figure levels of 36,000 and 11,000 respectively. Within seconds of opening up of the market, Nifty extended the gains very quickly surpassing the 11,000-mark for the first time ever. Following this, in the wee minutes of morning trades, Sensex surged heavily to breach the psychological level of 36,000, and that too just after three sessions when the benchmark index crossed 35,000-mark. The domestic markets are on a continuous rising spree since about last 13 months with the benchmark indices Sensex and Nifty making and breaking newer highs day after day.

Continuing its record-setting run for the fifth straight session, the BSE benchmark Sensex hit a new high of 36,170.83 (intra-day) on the back of widespread gains in metal, PSU, oil and gas and financial counters. Finally, the 30-share index settled at 36,139.98, up 341.97 points, or 0.96 per cent, breaching its previous record of 35,798.01 reached yesterday. The gauge had risen 1,026.96 points in the previous four sessions. The Sensex took just five trading sessions (January 17- 23) to reach the historic 36,000-level from 35,000.

NSE Nifty advanced to 11,000-mark from 10,000 in six months (July 26, 2017 to January 23, 2018). The Nifty touched a new high (intra-day) of 11,092.90 today. It closed the session with a hefty rise of 117.50 points, or 1.07 per cent, at a fresh life high of 11,083.70, bettering its previous record close of 10,966.20 reached in yesterday's trade.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 1,567.51 crore, while domestic institutional investors (DIIs) sold equities worth Rs 461.87 crore yesterday as per provisional data.

Sensex components which supported the key indices to hit fresh highs were SBI (3.84 per cent), Tata Steel (3.72 per cent), ONGC (3.60 per cent), ICICI Bank (3.06 per cent), Coal India (3.04 per cent), IndusInd Bank (2.37 per cent), Infosys (2.16 per cent), Dr Reddy's (1.24 per cent), M&M (1.14 per cent), RIL (1.08 per cent), ITC (1.08 per cent), Yes Bank (1.01 per cent) and Maruti Suzuki (0.97 per cent).

Sectorwise, BSE metal index gained the most by rising 4.29 per cent, followed by PSU 2.15 per cent, oil & gas 1.93 per cent, bankex 1.63 per cent, IT 1.20 per cent, healthcare 0.94 per cent, teck 0.92 per cent and infrastructure 0.88 per cent. Mid-cap and small-cap indices continued to be on investors' radar and rose up to 1.13 per cent.

------------------------------------------------- 

Propelled by a combination of liquidity and optimism, Nifty rose to an all-time-high crossing 11,000. This bull run, lasting for more than a year now, has seen markets ignore higher crude prices and global geopolitical issues while latching on to domestic positives...Such buoyancy in markets was last seen in 2000.

- Jayant Manglik, President, Religare Broking

The Sensex added thousand points in just four trading days to cross 36,000 as FIIs turned net buyers. Nifty too breached the 11,000 mark. No major earnings disappointments reported so far and we seem set for an earnings recovery after five consecutive flat years.

- B Gopkumar, Executive Director & CEO, Reliance Securities.

The current market euphoria can continue at least till the union budget led by the strong consumption pattern and better than expected performance from IT and banking companies specially private sector banks.

 - Nitasha Shankar, Sr Vice President and Head of Research, YES Securities.

The markets are celebrating the long-awaited earnings revival. Despite the low base, the quarterly results so far have been encouraging; be it banks, FMCG, consumer discretionary or IT, almost all have delivered ahead of expectations.

 - Arun Thukral, MD and CEO of Axis Securities.

ASTRO TECHNICAL GUIDE FOR NIFTY

 for January 23, 2018

Generally Better

Tithi :: Magha Sukla Shashti

Nakshatra ::Revathi

Persons born in Krittika, Uttara and Uttarashadha and those born in Aries and Leo are advised to be alert in their dealings.

Sensitive / Trend change Timings : 14.16 PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So upto 12.10 PM and remain Steady/Subdued thereafter up to 2.00 PM and remain Better thereafter till about Close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 12.00 PM. IF Nifty fut trades above ATP by about 2.00 PM , Long Positions can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 11005,11040 Support : 10925,10890

----------------------------------------------
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

First Half of the Week is crucial 

  

Outlook for the Week 22.01.2018 to 25.01.2018 

NIFTY : 10895 (+214)

Nifty traded in a range of 10667 to 10907 during last week and closed nearer to the High of the range for the week at 10895 with a Gain of 214 Points (about 2.00%). Market Gained about 214 points through out the week only by losing 41 points on Tuesday. On Friday, market made a new 52 week high on Friday and made a positive weekly close for the 7 th time in a row. Since Budget day is quite Close, Market would factor in the possible outcomes in the market before Budget. Market had goneup for 7 weeks in a row and next week First Half is important and if the range of First week is broken on the upside, it could go up.

- It is quite Bullish for Both Medium Term and Long term too. However, Short term would become Bearish if Nifty comes Down and closes below10700 Weekly Open level is very important for the entire week.

- 20, 50, 100 and 200 DMAs are placed at 10604, 10412, 10249 and 9927 respectively and would act as Supports and Resistances.

- Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than about Eleven months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and hence can be considered as Bullish.

Technical Levels...

Breakout level :11000 Breakdown level :10700

Bullish above 10975 with Resistance at 11050, 11125

Bearish below 10825 with Supports at 10750, 10675

Advice for Traders...

Long positions may be considered as long as it maintains above the Weekly open level.

--------------------------------------- 

 

Planetary Position...

- Moon would be transiting from Uttarabhadra 1 st Pada in Pisces to Bharani 2 nd Pada in Aries.

- Sun transits from Uttarashadha 4 th Pada to Sravana 1 st Pada in Capricorn.

- Mercury transits from Poorvashadha 3 rd Pada in Sagittarius to Poorvashadha 4 th Pada in Sagittarius.

- Venus transits from Sravana 3 rd Pada to Sravana 4 th Pada in Capicon.

- Mars transits in Visakha 4 th Pada in Scorpio to Anuradha 1 st Pada in Scopio .

- Saturn transits from Moola 3 rd Pada to 4 th Pada in Sagittarius and moves from Gemini Navamsa to Cancer Navamsa.

- Jupiter transits in Visakha 2 nd Pada in Libra and moves in Taurus Navamsa.

- Rahu and Ketu move to Cancer and Capricorn Rasis and in Capricorn and Cancer Navamsas.

During the Last Week, Moon had transited in Dhanishta 3 rd Pada in Aquarius and it would transit in Pisces till Tuesday this Week. When Moon transited in Aquarius Nifty went up sharply from 10830 till 10907 and it closed at 10895. After Tuesday, we would able to find the range and if the range is broken on the upperside, it would be Bullish and if it is broken on the down side, it would become Bearish.

---------------------------------------

Closing Session Subdued (for Monday)

Tithi :: Magha Sukla Panchami

Nakshatra ::Uttarabhadra

Persons born in Bharani, Pubba and Poorvashadha and those born in Aries and Leo are advised to be alert in their dealings.

Sensitive/Trend change Timings : 1.23

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So upto 10.00 AM and remain Steady/Subdued thereafter till about Close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 10.00 AM. IF Nifty fut trades below ATP by about 1.30 PM , Short Positions can be taken with suitable SL and such positions can be closed by about 3.00 PM.

Technical Levels...

Resistance : 10935,10970 Support : 10855,10820

----------------------------------------------

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

BSE SENSEX RISE 1700 POINTS IN 14 SESSIONS

CREATES NEW RECORD

Benchmarks extended their gravity- defying run for the third straight session today as healthy earnings by bluechips and GST rationalisation gave fresh impetus to the buying momentum. The BSE Sensex spurted 251.29 points to end at its fresh lifetime high of 35,511.58, while the broader NSE Nifty advanced 77.70 points to record 10,894.70. Intra-day, it breached the 10,900-mark for the first time. Investor sentiment got a leg-up after the GST Council yesterday cut the tax rate on 29 goods and 54 categories of services. Encouraging third-quarter results by bluechips like HDFC Bank and ITC added to the cheer. Opening higher, the 30-share Sensex surged to an all-time high of 35,542.17 on a string of encouraging earnings. It finally ended 251.29 points, or 0.71 per cent higher at 35,511.58 -- bettering its previous record closing of 35,260.29 hit yesterday. The index has now rallied 740.53 points in three straight sessions. Since the begining of the New Year Sensex rose a record 1700 points to reach 35311.58 from the closing point 33812.75 recorded on January 1. It was the seventh week of gains in a row for the markets. The Sensex recorded a significant rise of 919.19 points, or 2.65 per cent while the Nifty gained 213.45 points, or 1.99 per cent this week.

- The 50-share NSE Nifty settled higher by 77.70 points, or 0.72 per cent, at 10,894.70. The index surpassed its previous lifetime closing high of 10,817 recorded in yesterday's session. Intra-day, it touched an all-time high of 10,906.85.

- Foreign portfolio investors (FPIs) have been supporting the ongoing record-run by infusing sizeable capital. They bought shares worth Rs 1,894.99 crore while domestic institutional investors (DIIs) sold equities worth Rs 657.46 crore yesterday, as per provisional data from the stock exchanges.

- On the sectoral front, bankex jumped 1.52 per cent, followed by realty (1.26 per cent), infrastructure (1.19 per cent), PSU (1.06 per cent), capital goods (0.92 per cent), metal (0.91 per cent) oil and gas (0.87 per cent), power (0.46 per cent), healthcare (0.43 per cent), FMCG (0.42 per cent), IT (0.36 per cent) and auto (0.15 per cent).

- In the Sensex space, Adani Ports took the pole position by surging 4.68 per cent in reaction to strong Q3 earnings, followed by Yes Bank at 2.37 per cent. The private sector lender yesterday reported 22 per cent rise in net profit at Rs 1,076.87 crores for the third quarter ended December 2017. HDFC Bank too gained 1 per cent after it reported a 20.1 per cent growth in net profit to Rs 4,642.6 crore for the third quarter of the current fiscal. ITC Ltd rose 0.37 per cent after the company today reported a 16.75 per cent rise in its net profit at Rs 3,090.20 crore for the December quarter. Reliance Industries too gained 1.09 per cent ahead of its earnings. ICICI Bank, SBI, TCS, Kotak Bank, Axis Bank, L&T, M&M, Dr Reddy's, Bajaj Auto, Wipro, Bharti Airtel, Coal India, HUL and Asian Paints recorded gains of up to 2.15 per cent. In the broader markets too investors were busy creating fresh positions, lifting the small-cap index by 0.88 per cent and mid-cap by 0.77 per cent.

ANDHRA PRADESH GROWTH IS QUITE IMPRESSIVE

Doesn't need ' any handholding': Rajiv Kumar

NITI Aayog Vice-Chairman Rajiv Kumar today hinted that Andhra Pradesh neither required "handholding" nor special category status given its economic growth story. Rajiv Kumar, who was on a day-long visit to the state, made pointed remarks first at the district collectors' conference and later at an interaction with journalists at the Secretariat. "With an average per capita income higher than the national average, special status demand is... well, you should think about it," he told reporters when asked about the demand for such a status. A couple of hours earlier, reacting to a request made by Chief Minister N Chandrababu Naidu for NITI Aayog's "handholding support" to Andhra Pradesh, Kumar remarked "with your 11 per cent and 15 per cent (economic growth), you will soon not need any handholding." His observations left state ministers and bureaucrats flummoxed with apprehension about the likely impact of NITI Aayog's view of the state scenario. Naidu told the NITI Aayog vice-chairman that Andhra Pradesh was a "three-and-a-half-year baby" they were nurturing carefully following the "irrational bifurcation". "Our economy grew by 11.34 per cent in the first half of this fiscal. But still we need your support. We need your handholding till we grow on par with other states," he said, pointing out that Andhra Pradesh's per capita income was the lowest in south India. "Yes, we will do whatever handholding we can. But I am sure, one, that with your 11 per cent and 15 per cent (economic growth), you will soon not need any handholding," Kumar replied. "And the other one, on a lighter note, count 40 per cent of Hyderabad's per capita income as Andhra's. Anyway you get help from that and you will probably come up with 1.76 (lakh) in any case, because I am sure 50 per cent of those living in Hyderabad still do their businesses here. So I don't think that's a bad idea," Kumar remarked at the inaugural session of the two-day conference of district collectors. Later, after a visit to the state's Real-Time Governance Centre at the Secretariat, he told reporters that Andhra Pradesh's average per capita income was higher than the national average. "There are a large number of states which are badly lagging behind," he pointed out. Asked specifically if special status was not required for Andhra Pradesh, Kumar said, "That's something I don't handle," adding "If Andhra has applied for it then we will follow it up." Asked about the controversy over the state's fiscal deficit, post-bifurcation, which the CAG pegged at Rs 16,000 crore and with which the Centre differed, the noted economist said he was not aware of it. "I was with the CAG yesterday. He didn't mention this figure but normally we take it as three per cent of the state GDP. What we are trying to do is that some of the externally- aided projects, where the state's contribution is counted as part of the fiscal deficit... I have already talked to the secretary (expenditure) that it may be exempted. So that will give some fiscal space (to the state)," Kumar said. "But I am not aware of the difference between CAG and the finance ministry on this number for fiscal deficit. At least I am not aware of it," he added.

92 LISTED Cos CAN PAY Rs.34000 CRORES AS DIVIDEND

As many as 92 listed companies can potentially return cash worth nearly Rs 34,000 crore to their shareholders in the form of dividend, proxy advisory firm IiAS said. In a report released today, IiAS said that despite a muted earnings growth in financial year 2016-17, Indian companies can pay higher dividends from their existing large cash piles. Based on an analysis of the financial of S&P BSE 500 firms, the report said 92 companies paid Rs 407 billion (Rs 40,700 crore) as aggregate dividend in 2016-17 and can additionally pay Rs 339 billion (Rs 33,900 crore). These companies held aggregate cash and cash equivalents of Rs 1.85 lakh crore as on March 31, 2017. The findings also come at a time when there are demands in certain quarters that companies should reward investors by way of higher dividends and buybacks. Of these 92 companies, the top four firms aggregate over 50 per cent of the total incremental dividend amount. Interestingly, all the four are from information technology space. Besides, IiAS (Institutional Investor Advisory Services India) said that five companies -- MRF, 3M India, ISGEC Heavy Engineering, Honeywell Automation Indiaand Bosch -- can pay dividends of over Rs 100 per share. Further, another seven firms can pay between Rs 50 and Rs 100 per share as dividends. According to the report, dividend payout of these 92 firms is healthy yet these companies have "accumulated cash over the years which is depressing their return on capital employed". The report also raised question of "how much cash conservation is appropriate. While boards must decide on capital allocation and liquidity management, shareholders also have the right to demand more efficient use of capital".

MOBILE SUPER MARKETS ON GANGES

Kolkata-based company has firmed up plans to launch two mobile floating supermarkets that would cruise the river Hooghly and offer consumers a new shopping experience. Tirupati Vessel Ltd, a logistics company, will be spending Rs 100 crore for the venture. "The floating supermarkets would connect many cities and towns along the river and reach out to the masses with multi-brand products and services," Rajiv Agarwal, managing director of Tirupati Vancom said. Tirupati Vessel is a sister concern of Tirupati Vancom Pvt Ltd, which is one of the largest exporter of dry fly ash in India. The mobile supermarkets would be replete with shops, markets, cineplex and other modern amenities for entertainment and shopping, would move along the Hooghly and connect many cities and towns and reach out to the masses with multi-brand products and services, Agarwal said. He was speaking at the Bengal Global Business Summit (BGBS), the big-ticket investment meet of the state government, that concluded yesterday. The 'floating haat bazaar' is a project based on the mobile floating supermarket concept which is expected to be completed by next year. Apart from investing in the floating supermarkets, the company also announced Rs 150 crore twin integrated RoRo (roll-on-roll-off) services projects in Bengal. "The Rs 150 crore RoRo services project, the first such project in Bengal, would boost the transport logistics and move 500 trucks per day resulting in decongestion of many roads in and around the city," Agarwal said. It would also help vehicles from the port to directly enter the National Highways and other roads. This project would be formally flagged off early next month, he said.

INDIAN STOCK MARKET REACH FURTHER HIGH

INDICES CLOSE @ ANOTHER NEW PEAKS

Markets continued their record- setting spree for the second straight day with BSE benchmark Sensex rising over 178 points to hit new closing high of 35,260.29 and Nifty ending above 10,800 for the first time, driven by a rally in banking counters. Upbeat sentiment got boost on reports that the government is considering raising the foreign investment ceiling in private banks to 100 per cent and in public sector lenders to 49 per cent, traders said. Banking stocks have been at the centre of brisk activity after the government yesterday lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated earlier. However, selling towards the fag-end, as investors took the money off the table at record levels, cut down session's gains. Sustained FII inflows and fresh spell of buying by domestic institutional investors kept the momentum going for Indian shares. Besides, optimism over encouraging Q3 earnings by some more companies and upcoming Budget too bolstered trading sentiments, accelerating buying by investors. Expectations that the GST Council might consider a host of proposals to simplify procedure for filing of returns, registration of large entities, lower tax on some items and the GSTN's readiness for e-way bill rollout from February 1. Domestic markets are also aided by a rally in the global markets with US market surging to record high and a firming trend at other Asian bourses.

- The BSE Sensex after a gap-up opening at 35,366.45, advanced further to life-time high of 35,507.36, surpassing its previous intra-day high of 35,118.61 before ending at all-time closing high of 35,260.29, showing a gain of 178.47 points or 0.51 per cent. It also broke previous record closing high of 35,081.82 reached yesterday. The BSE Sensex had gained by 310.77 points in the previous session.

- The NSE Nifty also gained 28.45 points, or 0.26 per cent, to hit all-time closing high of 10,817 after hitting historic high of 10,887.50, smashing its previous record (intra-day) of 10,803. It also breached previous record closing of 10,788.55 hit yesterday.

- Foreign investors have been supporting the ongoing rally by pumping sizeable funds into domestic markets. Foreign portfolio investors (FPIs) put in Rs 625.13 crore in stocks on net basis yesterday, while domestic institutional investors bought shares worth Rs 168.61 crore, provisional data showed.