50-EMA@7,727: That’s the make or break point for Nifty; P-notes worry? Give it a break!

ET Markets Daily Brief | Sat, May 21, 2016 | 03:33 PM IST Follow ET Markets

Watch out! 50-EMA at 7,727; that's the make or break point for Nifty The market is likely to remain volatile, but it will not fall aggressively because derivatives data shows a strong support at 7,700 and 7,800 levels. Mercury rising but stocks falling; rupee too is likely to remain weak A rising dollar unnerved the equities. The dollar has seen a powerful breakout above 67 on fears that the US Fed can raise interest rates as early as June. P-notes worry? Give me a break! They bring in just 10% of FII flow The new norms, issued by Sebi , will not only ensure more transparency but will also gradually make the product irrelevant and less attractive with time.

Interview One to One India is possibly one of the few large economies where a superior economic growth rate is not being spurred by any fi... Harish Krishnan, Equity Fund Manager , Kotak Mutual Fund

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Market Watch 21 May | 03:33PM| SENSEX NIFTY USD/INR GOLD 25301.90 ↓-97.82 7749.70 ↓-33.70 67.45 ↑0.08 29688.00 ↓-109.00

Gainers Losers 21 May, 2016, 03:33PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Smiths & Founders (India) Ltd. 6.00 20.00 126795 6.00 5.22 Avonmore Capital & Management Services Ltd. 9.00 18.73 3250 9.09 8.98 Vippy Spinpro Ltd. 29.15 18.50 206572 29.50 25.35

Tweet of the day... Unloved bull market: It's been a year since latest record

FROM THE NEWSPAPER

Wall Street week ahead: Economic data keeps Fed in focus for stocks S&P bank index jumped nearly 4% this week and was on track to snap a 3-week losing streak on the prospect of higher rates helping to boost banks' earnings. Tim Cook tells Modi of possibility of manufacturing Apple products in India Tim Cook also mentioned about the immense potential of application development that exists in the country, PMO said in a statement. Tech view: Nifty50 forms spinning top on charts; tread with caution 'Spinning Top' is formed when the real body is small, but it has distinctive upper as well as lower shadows, which suggest a wide range of price movements. Gold extends losses, hits nearly one-month low on global cues In the national capital, gold of 99.9 and 99.5 per cent purity declined by Rs 100 each to Rs 29,650 and Rs 29,500 per ten grams. Modi government puts a sales squeeze on world's biggest seed company Monsanto The move will cap royalties for any new variety that the market's sole supplier - US-based Monsanto Co - decides to develop and sell.

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