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Morgan Stanley has a Sensex target of 34,000 for June 2018, and sees the rise powered by upbeat corporate earnings outlook and strong economic growth  Since January, Sensex has climbed 17.1%, trailing only Nifty and Hong Kong’s Hang Seng index. R EAD MORE Source :    Live Mint

In other news, cement prices across India correct in June; livestock exports drop 7.4% in April. Caution reigned across markets in a week loaded with risk events, from former Federal Bureau of Investigation chief James Comey’s congressional testimony to the European Central Bank’s (ECB’s) policy meeting and Britain’s increasingly uncertain election. Havens including gold, the yen and Treasuries gained while stocks retreated. Gold headed for a seven-month high and the yen rose to the strongest since April, while 10-year Treasury yields fell to the lowest since November. The dollar traded at an eight-month low and US stock futures slipped. Europe’s benchmark share index fell the most in a week led by Swiss pharmaceutical company Roche Holding AG after one of its drug studies disappointed. South Africa’s rand slumped after the country fell into a recession for the first time since 2009. With all three major events—Comey, the ECB meet and British election—on Thursday, investors’ risk

‘Looks can be deceiving,’ a wise person once said. The phrase holds true for Algorithmic Trading Strategies. The term Algorithmic trading strategies might sound very fancy or too complicated. However, the concept is very simple to understand, once the basics are clear. In this article, I will be telling you about algorithmic trading strategies with some interesting examples. If you look at it from the outside, an algorithm is just a set of instructions or rules. These set of rules are then used on a stock exchange to automate the execution of orders without human intervention. This concept is called Algorithmic Trading. Let me start with a very simple trading strategy. Those who are already into trading would know about S.M.A and for those who don’t; S.M.A is Simple Moving Average. S.M.A can be calculated using any predefined and fixed number of days. An  algorithmic trading strategy  based on S.M.A can be simplified in these four simple steps: Calculate 5 day SMA Calcul