• posted by IMV |
  • 05/12/2019

Rupee opened on a flat note against the US Dollar in the early morning after on new hopes regarding the trade deal between the US and China. Market participants are keeping an eye on RBI policy to be held today, trade cautiously. In the previous week, India’s GDP data stood at 4.5% lower than the previous quarter. The market was expecting a dip around 4.7% against 5% previous, thus the expectations were nearly met and market participants were...

  • posted by IMV |
  • 05/12/2019

 MONEYCONTROL • Vedanta: The board of the company approved raising up to Rs 3,000 crore via NCDs. • HDFC AMC: The company is to use a greenshoe option for 0.86 percent more stake sale via offer for sale. • Gayatri Projects: The company's subsidiary is to sell a 5.95 percent stake in Sembcorp Energy for Rs 410 crore. • Bharti Airtel: The board approved raising up to $3 billion via debt and equity....

  • posted by IMV |
  • 04/12/2019

Gold traded higher on Tuesday after comment from the US President Donald Trump that “I have no deadline on China deal and it might be better to wait until after November 2020 election” which boosted the price of Gold. On the other hand, Crude oil traded higher as OPEC+ members will meet next week where they will decide to extend supply cut and also U.S. crude stockpiles fell more than expected helped to lift prices that supported the price of...

  • posted by IMV |
  • 04/12/2019

Market OverView Amid of U.S. President Donald Trump tweet of a delay in Trade deal with China which dashing hopes for a quick solution and ahead of credit policy we have seen a very volatile day.  After testing a double bottom near 11980(FUTURE) index shown a fast recovery from lower levels and settled on a positive note with a 0.38% gain after a continuously three red days. IT, FMCG, PSU, and Banking remain a major...

  • posted by IMV |
  • 04/12/2019

 Indian equity benchmarks ended near a two-week low. The S&P BSE Sensex fell 0.3 percent to close at 40,675.45 and the NSE Nifty fell 0.45 percent to end below 12,000. The broader markets represented by the NSE Nifty 500 Index fell 0.56 percent.  The major fall has seen in the metal stocks and PSU banking stocks which led the market fall. Jindal Steel & Power (JSPL) fell 9.03% after the Supreme Court on Tuesday refused to...

  • posted by IMV |
  • 04/12/2019

The rupee opened on a negative note against the US Dollar in the early morning after US President Trump said that he is no hurry to reach a trade deal with China, which gave wind to the on-going global growth concerns. In the previous week, India’s GDP data stood at 4.5% lower than the previous quarter. The market was expecting a dip around 4.7% against 5% previous, thus the expectations were nearly met and market participants were held...

  • posted by IMV |
  • 04/12/2019

MONEYCONTROL • HDFC AMC: Standard Life is to sell up to 2.23 percent stake in the company via offer for sale. • Bajaj Finance: The company's current exposure to Karvy is approximately Rs 312 crore. • Nestle India: The company declared an interim dividend of Rs 55 per share for 2019. • CSB Bank: The lender is to make a debut on bourses on December 4, final issue price at Rs 195 per share. • PSU Banks:...

  • posted by IMV |
  • 03/12/2019

Gold traded higher on Tuesday after comment from the US President Donald Trump that “I have no deadline on China deal and it might be better to wait until after November 2020 election” which boosted the price of Gold. On the other hand, Crude oil traded sideways amidst news and also OPEC+ members yet to decide to finalize its position in talks on possible additional supply curbs. No major economic data for the day. Technical...

  • posted by IMV |
  • 03/12/2019

Indian equity benchmarks ended near a two-week low. The S&P BSE Sensex fell 0.3 percent to close at 40,675.45 and the NSE Nifty fell 0.45 percent to end below 12,000. The broader markets represented by the NSE Nifty 500 Index fell 0.56 percent.  The major fall has seen in the metal stocks and PSU banking stocks which led the market fall. Jindal Steel & Power (JSPL) fell 9.03% after the Supreme Court on Tuesday refused to pass...