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Showing posts with label Sensex. Show all posts

Monday, July 9, 2018

Friday, July 6, 2018

Market Live: Nifty above 10,750, Sensex up 60 pts; RIL, Infosys, TCS positive contributors

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 26.5 points or 0.25 percent. Nifty futures were trading around 10,731-level on the Singaporean Exchange.

Varroc Engineering shares list with 5% permium: Auto component maker Varroc Engineering started off trade at Rs 1015 on the first day Friday. The stock price gained 5 percent against the issue price of Rs 967.

At 10:03 hours IST, it was trading at Rs 1012.95, up 4.75 percent on the NSE.

The Rs 1,955-crore initial public offering was oversubscribed 3.59 times during June 26-28, driven by strong interest from institutional investors.

The price band for the issue, which consisted of an offer-for-sale of 2,02,21,730 equity shares by promoter Tarang Jain and existing investors which are Tata Group companies - Tata Capital Financial Services and Omega TC Holdings, was Rs 965-967 per share.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-nifty-above-10750-sensex-up-60-pts-ril-infosys-tcs-positive-contributors-2678311.html

Thursday, July 5, 2018

Petrol, diesel rise for 16th consecutive day; Mumbai, Delhi prices at record high

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Petroleum Minister Dharmendra Pradhan had earlier said that the government will intervene to reduce prices.

Petrol and diesel prices continue to soar and touched another peak on May 29. Petrol was hiked by 16 paise to Rs 86.24 per litre in Mumbai.

This is the 16th straight hike in a row. Diesel prices on the other hand, were hiked by 15 paise to Rs 73.79 per litre in Mumbai. Petrol prices in Delhi were increased by 16 paise to Rs 78.43 per litre and diesel by 14 paise to Rs 69.31 per litre.

Since the dynamic pricing system resumed on May 14, petrol and diesel prices have risen by Rs 3.8 and Rs 3.38 respectively in the last 16 days in Delhi.

Petroleum Minister Dharmendra Pradhan had earlier said that the government will intervene to reduce prices.

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NCDEX SUPPORT & RESISTANCE LEVEL

Opening Bell (5 July 2018)

Wednesday, July 4, 2018

Market Live: Nifty at day's high, Sensex up over 250 pts; Bajaj Auto, Bharti Infratel top gainers

HDFC Bank, HDFC and Reliance Industries lifted the market higher.

The market is trading at day's high with the Sensex rising more than 200 points, backed by HDFC twins and Reliance Industries. The rally is also after the Cabinet Committee approval the proposal to raise minimum support price for kharif crops.

The Nifty is trading firmly above 10,750 levels while the Nifty Midcap index continued to underperform frontliners.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-nifty-at-days-high-sensex-up-over-250-pts-bajaj-auto-bharti-infratel-top-gainers-2667561.html

NCDEX SUPPORT & RESISTANCE LEVEL

Opening Bell (4 July 2018)

Tuesday, July 3, 2018

Market Live: Sensex rises over 100 pts, Nifty above 10,700; Vedanta, Bharti Infratel top losers

Asian stocks traded lower, with China's Shanghai Composite falling further amid trade tensions

The market is off its day's high in afternoon as investors closely monitor trade developments between the US and China, and also await June quarter earnings season that will be kicked off next week.

The 30-share BSE Sensex gained 82.58 points at 35,346.99 and the 50-share NSE Nifty rose 29 points to 10,686.30.

The sectoral trend was mixed with the Nifty Pharma index rising 1.5 percent and Auto a percent.

Reliance Industries, Infosys and TCS are supporting the market whereas the selling pressure in ICICI Bank and HDFC twins cap market gains.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-rises-over-100-pts-nifty-above-10700-vedanta-bharti-infratel-top-losers-2662741.html

MCX SUPPORT & RESISTANCE LEVEL

Market Live: Sensex, Nifty open flat despite correction in Asian peers amid trade tensions

Asian stocks were cautiously mixed, with China's Shanghai Composite falling further amid trade tensions.

Benchmark indices started off trade on a flat note depsite weakness in the Asian peers due to ongoing trade tensions between US and China.

The Sensex fell 33.24 points to 35,231.17 and the Nifty slipped 11.40 points to 10,645.90.

Hero MotoCorp, TCS, Dr Reddy's Labs, Bajaj Auto and Coal India are early gainers.

Vedanta, Grasim, Bharti Infratel, ICICI Bank, HDFC, Titan Company, Maruti Suzuki, Cipla, Yes Bank, PNB and Bank of Baroda are under pressure.

The Nifty Midcap index fell 54 points.

8K Miles Software, AU Small Finance, Vakrangee, SREI Infra, ICICI Prudential, IDBI Bank, Nalco and Ashok Leyland lost ground. while Strides Shasun, NCC, Tata Power and Jyothy Labs are gainers.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-nifty-open-flat-despite-correction-in-asian-peers-amid-trade-tensions-2662741.html

Indian rupee opens lower by 9 paise at 68.89 per dollar

Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47

The Indian rupee opened lower by 9 paise at 68.89 per dollar on Tuesday.

Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47 .

This is the level last seen on August 28, 2013.

Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.

Libya’s National Oil Corporation declared force majeure on loadings from Zueitina and Hariga ports, resulting in total production losses of 850,000 bpd due to the closure of eastern fields and ports. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.30, it added.

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Source:https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-lower-by-9-paise-at-68-89-per-dollar-2662721.html

Opening Bell (3 July 2018)

Monday, July 2, 2018

Tata Steel rises 3% on JV agreement with German company; CLSA maintains buy

JV company will be positioned as a leading pan European high quality flat steel producer with a strong focus on performance, quality and technology leadership to support customers’ sustainability ambitions.

Shares of Tata Steel rose more than 3 percent in the early trade on Monday as company signed joint venture (JV) agreements to create new steel champion in Europe.

Tata Steel has approved the terms to create a 50:50 joint venture which will combine the European steel businesses of the company and thyssenkrupp AG and has adopted resolutions for the signing of the definitive agreement, company said in release.

The formal execution of the definitive agreements is expected shortly.

JV company will be positioned as a leading pan European high quality flat steel producer with a strong focus on performance, quality and technology leadership to support customers’ sustainability ambitions.

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Source: https://www.moneycontrol.com/news/business/markets/tata-steel-rises-3-on-jv-agreement-with-german-company-clsa-maintains-buy-2658081.html

Market Live: Sensex falls 150 pts, Nifty falls below 10,700 amid trade concerns

India’s manufacturing conditions improved in June at the strongest pace since December 2017, supported by the sharpest gains in output and new orders in 2018 so far.

Reflecting greater production requirements, firms were encouraged to engage in purchasing activity and raise their staffing levels. On the price front, input cost inflation was the sharpest since July 2014, whilst output charges rose at a stronger pace. Business confidence eased to the weakest since last October.

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose from 51.2 in May to 53.1 in June. "This was consistent with the fastest improvement in the health of India’s manufacturing economy in 2018 so far. Manufacturing production rose in June, thereby extending the period of expansion to 11 months. Moreover, the rate of growth was sharp and the most pronounced since last December," Nikkei IHS Markit said.

Saturday, June 30, 2018

IDBI Bank will get LIC's money, but what more will it need to turn around

Optimists see the bank's performance turning around in as early as one year, but others believe it will take 3-4 years for LIC to affect a proper turnaround

Troubled public sector lender IDBI Bank got a fresh lease of life this weak from the country's largest life insurer Life Insurance Corporation of India (LIC).

In an unprecedented move, the Insurance Regulatory and Development Authority of India's board on Friday approved a proposal for LIC to own up to 51 percent stake (as against the 15 percent limit) in the PSU bank.

The move has been hailed by many as the "most workable" solution for rescuing the ailing bank from the mountain of bad loans it is currently sitting on, which is just short of 30 percent of its entire loan book.

This is not the first time the government has come to the rescue of a public sector bank. What is different is that in IDBI Bank's case, the responsibility of a bailout has shifted from taxpayers to insurance policy holders.

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Source:https://www.moneycontrol.com/news/business/idbi-bank-will-get-lics-money-but-what-more-will-it-need-to-turn-around-2655141.html

July 1st to be celebrated as ‘GST Day'

The first year of GST has been an example to the world of the readiness of the taxpayers to be a partner in the unprecedented reform in Indian taxation, the finance ministry said today. The government will celebrate July 1, 2018, as 'GST Day' to mark the first anniversary of the new indirect tax regime.

Goods and Services Tax (GST) was rolled out in the intervening night of June 30 and July 1, last year, in a ceremony held in the Central Hall of Parliament.

"Union Minister for Railways, Coal, Finance & Corporate Affairs Piyush Goyal will preside over as the Chief Guest of the event and Minister of State for Finance, Shri Shiv Pratap Shukla will be the Guest of Honour,” the finance ministry said in a statement.

GST subsumed over a dozen local levies and transformed India into "one nation, one Tax" and binds the country into an Economic Union, it added.

"The first year of GST has been an example to the world of the readiness of the Indian taxpayer to be a partner in this unprecedented reform of Indian taxation," the ministry said.

It said the introduction of e-way (electronic way) bill is a "monumental shift" from the earlier ‘Departmental Policing Model' to a ‘Self-Declaration Model'.

"It envisages one e-way bill for movement of the goods throughout the country, thereby ensuring a hassle free movement of goods throughout the country," the ministry said.

Transporter of goods worth over Rs 50,000 have to generate an e-way bill and show it to GST inspector, if asked. The inter-state e-way bill system was introduced on April 1. As regards intra-state e-way bill, it was rolled out in phases from April 15.

"GST will have a multiplier effect on the economy with benefits accruing to various sectors such as exporters, small traders and entrepreneurs, agriculture and industry, common consumers," the ministry said.

Any new change is accompanied by difficulties and problems at the outset, it said.

"A change as comprehensive as GST is bound to pose certain challenges not only for the government but also for business community, tax administration and even common citizens of the country," the ministry added.

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Source: https://www.moneycontrol.com/news/trends/current-affairs-trends/july-1st-to-be-celebrated-as-gst-day-2655011.html

Friday, June 29, 2018

Indian rupee opens higher at 68.70 per dollar

The Indian rupee opened higher by 9 paise at 68.70 per dollar on Friday against previous close 68.79.

Dollar-rupee July contract on the NSE was at 69.01 in the previous session. July contract open interest increased 16.56% in the previous day, said ICICIdirect.

We expect USD-INR to meet resistance at higher levels. Utilise upsides in the pair to initiate short positions, it added.If you want more information regardingtheMarket News & many other tips like Intraday Tips , MCX Normal Calls , Indore Advisory Company , Bullion Market Tips , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Bullion Energy Tips , commodity market tip.

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Source:https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-higher-at-68-70-per-dollar-2649961.html

Market Live: Sensex up 100 pts, Nifty opens July series above 10,600; HPCL, IOC, BPCL rally

Rollover Analysis by ICICI Securities: Nifty rolls were at 64 percent, lower than the 3M average of 66.33 percent

Market wide rollover was at 84.09 percent, in line with the 3M average of 84.98 percent

Sectorally, realty, textile and metal stocks witnessed high rollover of positions while stocks from the oil & gas, FMCG and cement space witnessed relatively low rolls into the July series

Highest rollover was observed in JSW Steel (97 percent), Dabur (95 percent), Britannia (94 percent), M&M Finance (94 percent) and LIC Housing Finance (93 percent) while rollover activity was relatively low in OFSS, Indian Bank, Torrent Power, KPIT and ACC

Among index stocks, Sun Pharma, Tech Mahindra, Bajaj Auto and Tata Motors witnessed high rolls into the July series while Adani Ports, Titan, HCL Tech and Tech Mahindra witnessed relatively low rolls into the next series

Among heavyweights, auto and metal stocks saw fresh short additions while relatively low short positions were seen in cement and oil & gas space

The open interest in Nifty futures at 18.8 million shares is in line with the open interest seen in the last couple of months at inception. The roll spread in the Nifty remained subdued throughout the settlement week and finally declined further to 17 points in the last session. Activity suggests continued short rollover in the Nifty in the July series as well. The Nifty has major support around 10550 while 10600 Put strike has the highest Put option base.

At the same time, Bank Nifty open interest has declined substantially to 1.93 million shares from 2.84 million shares in the last series at inception. The roll spread in the banking index has remained under continued pressure indicating consolidation in coming sessions. Roll spread in the banking index has declined to almost 90 points during the settlement suggesting continued short bias.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-up-100-pts-nifty-opens-july-series-above-10600-hpcl-ioc-bpcl-rally-2650081.html

Daily Stock Tips | Nifty Tomorrow | Intraday Commodity Tips | TradeIndia Research

Monday, July 9, 2018

Opening Bell (9 July 2018)

Friday, July 6, 2018

INTERNATIONAL MARKET UPDATE

Market Live: Nifty above 10,750, Sensex up 60 pts; RIL, Infosys, TCS positive contributors

Thursday, July 5, 2018

Petrol, diesel rise for 16th consecutive day; Mumbai, Delhi prices at record high

NCDEX SUPPORT & RESISTANCE LEVEL

Opening Bell (5 July 2018)

Wednesday, July 4, 2018

Market Live: Nifty at day's high, Sensex up over 250 pts; Bajaj Auto, Bharti Infratel top gainers

NCDEX SUPPORT & RESISTANCE LEVEL

Opening Bell (4 July 2018)

Tuesday, July 3, 2018

Market Live: Sensex rises over 100 pts, Nifty above 10,700; Vedanta, Bharti Infratel top losers

MCX SUPPORT & RESISTANCE LEVEL

Market Live: Sensex, Nifty open flat despite correction in Asian peers amid trade tensions

Indian rupee opens lower by 9 paise at 68.89 per dollar

Opening Bell (3 July 2018)

Monday, July 2, 2018

Tata Steel rises 3% on JV agreement with German company; CLSA maintains buy

Market Live: Sensex falls 150 pts, Nifty falls below 10,700 amid trade concerns

Saturday, June 30, 2018

IDBI Bank will get LIC's money, but what more will it need to turn around

July 1st to be celebrated as ‘GST Day'

Friday, June 29, 2018

Indian rupee opens higher at 68.70 per dollar

Market Live: Sensex up 100 pts, Nifty opens July series above 10,600; HPCL, IOC, BPCL rally

Closing Bell: Sensex ends 192 pts lower, Nifty below 11,600 even as RBI cuts rate

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