# Nifty ends lower for 4th straight session as caution prevails. India VIX 10.52.

NIFTY (-113, 25057)
Sensex (-386, 81716)
Bank Nifty (-388, 55122)

# The pessimism at Dalal Street revolved around:

1) Trumps’ 50% higher tariff for India.
2) Trumps’ new ‘one-time payment’ $100,000 H-1B visa fee.

# The spotlight continues to be on India-US relations after S Jaishankar met US Senator Marco Rubio.

# Our call of the day suggests Nifty and its stocks could tumble if the Jaishankar–Rubio meeting fails to revive India–US ties!

# Nifty bulls must be now really praying with kneel down and hoping that the trade tensions ease…

# The need of the hour is that PM Narendra Modi and US President Donald Trump reset ties and take forward the economy.

# Going forward, all eyes will be on the US PCE price index, the Federal Reserve’s preferred inflation measure, which is due on Friday and could provide fresh insight into the Fed’s monetary policy outlook.

# Adv-Dec 16—34
# INDIA VIX 10.52 (-1.03%)
# NIFTY PCR (30th SEP) 0.78
# USD/INR Futures (Sep) (-0.03%, 88.72)

# SECTOR GAINERS:
NIFTY FMCG (+0.18%)

# SECTORS LOSERS
NIFTY REALTY (-2.49%)
NIFTY AUTO (-1.15%)
NIFTY PVTBANKS (-0.86%)

# TODAY’S MARKET RE-CAP:

1) Nifty (-0.45%) witnessed massive drubbing and the negative takeaway was the benchmark ended lower for the 4th straight day.

Nifty is above its 21 DMA (24933), 50 DMA (24882) and its 100 DMA (24925).

2) Bank Nifty (-0.70%) falls hard, and ends on a jittery note. Bank Nifty’s new all-time-high continues to be at 57628.40 mark

3) The market breadth (16:34) was in favour of the bears.

4) The Nifty Mid-cap (-1.56%) and Nifty Small-cap (-0.74%) indices too witnessed massive drubbing.

5) Technically, confirmation of strength only if Nifty closes above its biggest hurdles at 25300 mark.

# Bottom-line: Until Nifty 25300 mark is a hurdle, expect volatility, volatility and volatility to the preferred theme at Dalal street.

# STOCKS IN SPOTLIGHT:

1) HIKAL (-0.23%) ended near flat line after enjoying strong session on reports that Amit Kalyani has been re-appointed to the board of pharmaceutical company HIKAL, with shareholders overwhelmingly supporting his return at the company’s 37th annual general meeting on Tuesday.

Amit Kalyani, the son of Bharat Forge chairman and managing director Baba Kalyani, had sought re-appointment as a non-executive, non-independent director.

2) Lemon Tree Hotels (+0.18%) ended with positive bias after the company has signed two new properties—Keys Prima by Lemon Tree Hotels, Varanasi, and Keys Select by Lemon Tree Hotels, Rewa.
3) The Nifty Private Bank index (-0.81%) IndusInd Bank (-1.77%), Bandhan Bank (-2.4%), HDFC Bank (-0.65%), Axis Bank (-0.85%), Kotak Mahindra Bank (-0.77%), ICICI Bank (-0.81%).

# BULLS OF THE DAY:
POWERGRID (+1.68%)
HUL (+1.36%)
NTPC (+1.31%)
MARUTI (+0.98%)
JSWSTEEL (+0.93%)

# BEARS OF THE DAY:
TATAMOTORS (-2.62%)
BEL (-2.16%)
JIOFIN (-2.02%)
ADANIENT (-1.98%)
WIPRO (-1.90%)

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