Crude Oil prices to trade higher

MCX CPO closed higher tracking firm soy oil and weak rupees. Moreover, improved demand from the traders, increase in base  import prices and firm  Malaysia  futures also support prices .The government  has  raised base import prices  for CPO by D6 per tn to D681 while  increase tariffs for RBD Palmolein by 35 to D 6 98 for the  second half of  Feb .  India's CPO imports rose 63% on year  to 6.72 lakh tonnes in January.

Outlook
We expect Ref Soy oil to trade sideways to higher tracking on expectation that government is thinking of increase in import duty of edible oil to support domestic oilseeds prices. Higher stocks with the traders may keep the prices stable.

Gitanjali Gems breaches lower circuit; premises searched in PNB fraud

Shares of Gitanjali Gems breached lower circuit today.

Yesterday, Enforcement Directorate said it has raided 17 premises across India belonging to Nirav Modi and the company, in connection with the $1.77bn Punjab National Bank fraud case.

The government has seized gold, diamonds and other precious stones worth Rs5,100cr. ED officials said five properties belonging to Modi and the other accused were sealed in Mumbai by the agency.

On Thursday, shares of the company closed 20% lower at Rs46.80, as reports had said the jewellery company was involved in fraudulent activities.

PNB, on Wednesday, informed stock exchanges that it had detected fraudulent transactions worth $1.8bn at one of its branches in the financial capital of the country.

Nifty close to 10550; Sensex up 150 points

The domestic markets have started a good start with good global signals. In the initial trading, the Nifty managed to cross 10,550 while the Sensex crossed 34,300. Sensex and Nifty are trading at around 0.5 per cent higher.

Midcap and smallcap stocks are showing a little softness. BSE's mid-cap index has increased 0.4 percent, while the mid-cap index of the Nifty has increased by 0.2 percent. BSE's smallcap index rose 0.2 percent.

At the moment, BSE's 30-share index Sensex is trading 148 points, or 0.5 percent, at 34,304 levels. NSE's 50-share index Nifty is trading 44 points, or 0.4 percent, at 10,544 level.

Shopping in metal, IT, private bank, power and oil and gas stocks is being seen. Bank Nifty is trading at 25,403 level with an increase of 0.25 percent. However, pressure is seen in PSU banks, pharma and FMCG stocks.

During the business turnover, Bharti Infratel, Adani Ports, Vedanta, ICICI Bank, Infosys, HDFC and Tata Motors have increased by 2.3-0.8 per cent. However, Axis Bank, Asian Paints, Hero Motto, Indiabulls Housing, HUL and ITC have fallen 1.6-0.5 per cent in the giants.

Indian Hotels, Oberoi Realty, GSK Consumer, Torrent Power and MRPL have gone up to 1.9-1.2 per cent in mid-cap stocks. However, NLC India, Indian Bank, Rajesh Exports, Central Bank and IDBI Bank have rolled 1.5-1 per cent in mid-cap stocks.

In the smallcap stocks, Capital Trust, Sonata Software, Salsar Electronics, Infibeam and Bombay Dye have jumped 9.6-5.1 per cent. However, in smallcap stocks, Gitanjali James, Unichem Labs, PC Jeweler, Technochraft and LEL have broken up to 14.1-5.1 per cent.

Sensex up 120 points on Nifty 10570

In the early business, good business opportunities in the domestic markets are being seen. Nifty has managed to reach 10,590 while the Sensex knocks up to 34,473.5. Sensex and Nifty gain 0.3 percent.

Shopping is also seen in mid-caps and smallcap stocks. BSE's mid-cap index has jumped 0.9 percent, while the mid-cap index of the Nifty is 0.75 percent stronger than the index. BSE's smallcap index has increased by 1%.

At the moment, the 30-share index of the BSE Sensex is trading 121 points, or 0.4 percent, at 34,421 level. NSE's 50-share index Nifty is trading 35 points i.e. 0.3 percent and trading at 10,575 levels.

Shopping is seen in metal, IT, realty, capital goods, consumer durables and oil and gas stocks. However, pressure is seen in PSU banks, FMCG and power shares. The Bank Nifty is trading flat at 25,720 level.

Vedanta, Bharti Airtel, Gail, Indiabulls Housing, Tech Mahindra, HDFC, Reliance Industries, Wipro and Dr Reddy's have risen 1.9-1 per cent in the market during this time of business. However, in the giants, Bharti Infratel, Power Grid, Sun Pharma, Axis Bank, Hero Moto, ICICI Bank and Asian Paints have fallen 2-0.7 per cent.

Among the midcap stocks, Reliance Communications, Indian Hotels, Glaxo Consumer, Crisil and Adani Enterprises have risen 3-2%. However, Bank of India, Oracle Financial, Rajesh Exports, P & G and Canara Bank have rolled 2.5-0.3 per cent in mid-caps.

In smallcap stocks, MSR India, India Glycol, Honda Siel, SP Apareral and Kohinoor Foods have been strengthened by 16.2-9.2 percent. Although Smallcaps shares are broken by Goodricke Group, Merck Electronics, Kaneria Chemical, Kingfa Science and Atlanta 8.4-4.7 per cent.

Nifty close to 10500; Sensex recovers 100 points

The domestic markets have started with the rise. In the initial trading, Nifty managed to reach 10,519, while Sensex knocked up to 34,250.5. Sensex and Nifty are trading with an increase of 0.25 percent.

Midcap and smallcap stocks are looking for a modest purchase. BSE's mid-cap index has increased 0.5 percent, while the Nifty mid-cap 100 Index has also seen an increase of 0.5 percent. BSE's smallcap index has strengthened 0.75 per cent.

Shopping in auto, IT, pharma, PSU bank, realty, capital goods, consumer durables and oil and gas stocks is being witnessed. Bank Nifty is trading at a level of 25,700 with a rise of 0.1 percent. However, pressure is seen in FMCG, metal and power shares.

At the moment, BSE's 30-share index Sensex is trading 97.5 points, or 0.3 percent, at 34,180 level. NSE's 50-share index Nifty is trading 23 points i.e. 0.25 percent and trading at 10,500 level.

Nifty closes around 10600; Sensex rises 240 points

The domestic markets have started well on good global signals. In the initial trading, Nifty managed to reach 10,614 while the Sensex reached 34,666. Sensex and Nifty are trading at 0.8% growth.

Mid-cap and smallcap stocks are seeing strong purchases. BSE's mid-cap index has increased by 1.5 percent, while the Nifty mid-cap 100 Index has gained 1.6 percent. BSE's smallcap index has grown by 2.3 percent.

At the moment, BSE's 30-share index Sensex is trading 244 points i.e. 0.7 percent and at 34,440 level. NSE's 50-share index Nifty is trading at a level of 10,580, with a rise of 81 points i.e. 0.8 percent.

Auto, FMCG, metal, pharma, realty, consumer durables, capital goods and oil and gas stocks are looking good. Bank Nifty is trading at a level of 25,940 with an increase of 0.5 percent.

During the business turnover, HPCL, Hindalco, Tata Steel, ONGC, Vedanta, BHEL, Tata Motors DVR and IndusInd Bank have risen 3.7-1.75 per cent. However, Lupine, NTPC, HCL Tech, Sun Pharma, HDFC, HDFC Bank and HUL have fallen 1.8-0.3 per cent in giants.

In the mid-cap stocks, India Electronics, GE T & D, Wockhardt and Reliance Communications have risen 5.5-3.5 per cent. However, Oracle Financial Services is trading down in the midcap stocks by 0.75 percent.

Among the smallcap stocks, HEG, Ahluwalia, DFM Foods, HOEC and Sarda Energy rose to 12.6-8.1 per cent. However, in smallcap stocks, Vikrami, MSR India, Cupid, DB Realty and Easter Industries have slumped 5-3%.