Friday, 6 May 2016

72% chance the market will fall if FIIs sell; Bullish hammer on charts shows bulls tightening grip on Nifty

ET Market

ET Markets Daily Brief | Fri, May 06, 2016 | 06:35 PM IST

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72% chance the market will fall if FIIs sell, 35% if DIIs offload shares

If you had shelled out a few bucks to buy stocks, tracking the Rs 21,143 crore FII inflow in March, chances are you have not earned a penny till date.

Tech view: Bullish hammer on Nifty charts shows bulls finally tightening grip on market

The Nifty50 formed a bullish hammer pattern on Thursday, as the bulls tightened their grip on the market, making traders with short positions a little uneasy.

Here's what happened on Dalal Street all through Friday

If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

Interview One to One
Allowing professionals and finance companies to enter banking really opens up the sector...
V Vaidyanathan, CMD , Capital First
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Use of Marketing in Insurance: KS Gopalakrishnan, MD & CEO, Aegon Life Insurance
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Market Watch 6 May | 06:35PM|
SENSEX NIFTY USD/INR GOLD
25228.50
-33.71
7733.45
-2.05
66.55
-0.00
30353.00
456.00
Gainers Losers 6 May, 2016, 06:35PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
Choice International Ltd. 51.60 20.00 15598 51.60 40.05
Empee Distilleries Ltd. 59.45 19.98 127540 59.45 48.35
Xchanging Solutions Ltd. 60.10 19.96 50680 60.10 50.60
Tweet of the day...
FROM THE NEWSPAPER
10 stocks that have seen re-rating, target price revision after Q4 results

With the March quarter earnings season throwing up fewer surprises, actions in the domestic stock market have turned stock-specific.

Bitter IPO truth: Big subscription no guarantee of good stock performance

Demand for the IPO was such that retail investor quota got subscribed 10.61 times and qualified institutional buyers quota was subscribed 26.96 times.

Parag Milk Foods IPO subscribed 1.32 times on Day 3; firm extends closure date

The issue concluded on Friday, receiving a total of 2.54 crore shares or 1.32 per cent of the issue size of 1.92 crore shares.

Some of the world's most influential investors got together and their outlook was incredibly grim

Two macro-level investors, Stanley Druckenmiller and Jeff Gundlach at Ira Sohn Investment's Conference forecasted about serious storm clouds on the horizon.

Raghuram Rajan's advisers worry over 2.1% decline in remittances to $68.9 billion

The World Bank had warned of a dip in remittances due to global slowdown and sharp drop in international crude prices.

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