NIFTY today opened negative below previous close touched high of 8423 points and closes in red at 8349 points. Charts showcases bearish pattern with comeback of bears pushing the market lower that 8400 level. Asian and european markets remained volatile and ended neutral due to Trump’s inauguration and dollar jumping higher. 

                       Most of the stocks under performed and ended in red except FMCG sectors performing well. The top gainers were yesbank, idea, asian paints and the major losers were axisbank, cairn due to the impact of quarter earnings released recently.

               SEBI REGULATES NORMS IN DERIVATIVE CONTRACTS ESTABLISHING 3 IMPORTANT PARAMETERS: HOMOGENITY, DURABILITY AND VOLUME OF MARKET are the important parameters to be followed when trading for derivative contracts on commodities while future trading strict norms to be implemented which should have compulsory turnover of Rs.500 crore.

               FRESH ETIQUETTES MADE IN PARTICIAPATORY NOTES OF FPIs: Regulations made in participatory notes issued by FPIs who are willing to participate in Indian market without directly registering and now should be registred in KYC and AML to protect money laundering.

                AXIS BANK SLIPS 7% AND ENDS AS MAJOR LOSER: AXIS BANK DRAGGED BANK NIFTY down due to its lower earnings, failure to improve fresh slippages with NPAs increases, poor loan growth with lower asset quality worsening banking sector prices.

                SNEAKING INTUTIONS FROM UPCOMING BUDGET WITH MAJOR OUTLOOK FOR REVISED TAX STRUCTURE: There are anticipations with regard to bringing first time incentives for home buyers., higher tax sops on housing loans, tax relief for insurance premiums, removing taxes on Real estate investments.

               WORLD ECONOMIC FORUM HIGHLIGHTS: NITIN GADKARI says that India has to buck up in decision making process in terms of policies, administration etc where China being a communist country is becoming a global champion with its GDP being around 6.8% in previous quarter, While commerce minister NIRMALA SEETHARAMAN  says that more investment avenues has to be widened for SMEs.

                RUPEE BELLY FLOPS 1-WEEK LOW AGAINST DOLLAR DUE TO TRUMP’S INAUGURATION AHEAD: Rupee ended lower by 5 paise of 68.18 due to global volatility and a contingent choppy markets leading to indecisiveness about future movements in market.

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