Nifty For Monday : Share Tips Tomorrow 10 December

The Great parliament Show :-

Market today was facing wacky volatility as the Rajyasabha show was not less than a comedy reality show where FDI turned to be a hulk, supported by the UPA government and multi faced chameleons, who were changing colours every now and then, and once again the citizens proved to be fragile handicapped people, watching this game plan on their televisions. UPA government won the vote on FDI in retail in the Rajya Sabha as well getting 123 votes in its favour. While the UPA got the support of 123 MPs, 109 MPs voted against it and one MP abstained.

Share Market Today 7 Dec :-

Market closed in red but Nifty managed to close above 5900, declaring a satisfactory weekend.  BSE benchmark Sensex closed 62.70 points down. Top lender State Bank of India rose 0.16 percent whereas its rivals ICICI Bank and HDFC Bank were down over 0.2 percent. Housing finance company HDFC fell 0.76 percent.

Japan Earthquake :- 

On the other big news, The Japan Meteorological Agency has lifted a tsunami warning issued for northeastern Japan after a strong earthquake centred off the coast shook buildings as far away as Tokyo, public broadcaster NHK said. 

The quake had a preliminary magnitude of 7.3, the US Geological Survey said. There were no immediate reports of deaths or serious damage.

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Stock Market : Nifty Sensex FDI

The Indian markets continue to trade lower with amid volatility. Major heavyweight losers are Infy, HDFC Bank, TCS, ITC, HUL and RIL. Majority of the sectors are trading lower except consumer durables. The broader markets are also trading in under pressure with the BSE Midcap losing 0.16% and BSE Smallcap 0.10%.

Among the 30-Sensex stocks, the gainers are - Bajaj Auto up by 1.25%, HDFC up by 0.20% and Tata Motors up by 0.18%. Losers - Bharti Airtel down by 2.08%, Infosys down by 2.07% and TCS down by 2.03%.

FDI, Government and Market :- 

The UPA-II government has won the winter test in the Lok Sabha, defeating the Opposition motions over FDI in retail and changes in Foreign Exchange Management Act. But now its time for an acid test in the Rajya Sabha, where the government is not in a majority.

Nifty has been trading in the "overbought" territory, with its 14-day relative strength index around 70. 

Asian shares were steady near 16-month highs on Thursday, supported by hopes that US lawmakers will reach a compromise to avoid the so-called fiscal cliff of year-end tax hikes and spending cuts which threaten to push the US economy back into recession.

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Stock Updates : Sensex Up

Equity benchmarks built on their early gains, with the BSE Sensex now up close to 200 points at 19039. The December series of Nifty futures were quoting at a 40-point premium to the spot Nifty rate of 5780, indicating that traders were betting on the market to extend its rise next month.

FDI In Retail :- 

Govt accepts opposition demand of voting on  in lok sabha can be taken up on 4th dec but in rajya sabha govt is not ready to do it fdi on voting as govt does not has required numbers to clear in voting. So govt caught in dilemma, how to control opposition.

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