Markets closed on account of Guru Nanak Jayanti

Indian equity, forex, money and commodity markets will remain closed today on account of Guru Nanak Jayanti Stock Market Trading Tips
On Friday, benchmark indices slumped by almost 3% tracking weak global cues after US bond yields soared on expectations US President-elect Donald Trump's policies would stoke inflation.

Further, demonetisation move by the government dampened investor sentiment especially with fast moving consumer goods and consumer discretionary sectors to have a impact in the short term.

Total investor wealth declined by over Rs three lakh crore from total investors' wealth on Friday as the Sensex and the Nifty lost over 2% each after a sharp correction non-banking finance companies (NBFCs) and consumer discretionary stocks Nifty Trading Tips

Abnish  Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments says,"We still foresee Nifty to remain volatile going ahead to trade in the broader range. Range on downside support comes at 8290 - 8150 while resistance is at 8600 - 8680. Banks, Metals and Auto stocks may see a lot of movement in coming sessions with bulls and bears stretching the trading range."

Post the market hours on Friday, official data showed that the Foreign Direct Investment in the country increased by 77.5 per cent to $5.15 billion in September this year.

Industrial production in the country expanded by 0.7% in September. However, important segments like capital goods continued to go down while consumer non-durables rose marginally by 0.1% Commodity Trading Tips

GAIL (India), Balrampur Chini Mills, Hindustan Petroleum Corporation, Shree Renuka Sugars, Tata Global Beverages will unveil their second quarter eranings tomorrow.

GLOBAL MARKETS

Globally, the US dollar touched a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries Financial Astrology Trading Tips

MSCI's broadest index of Asia-Pacific shares outside Japan was off 1.1 percent having suffered its lowest close since mid-July on Friday. In contrast, Japan's Nikkei jumped 1.5 percent on the weakening yen to reach its highest in nine months.