• posted by IMV |
  • 23/5/2018

Economic Times● NPAs surge, push SBI to a record quarterly loss● Infosys shifts stance on activist shareholders● Air India privatisation: Govt ready to call off sale if bids too low● Sterlite protest turns violent in Tamil Nadu, 11 killed in police firing● NCLAT puts Essar Steel insolvency process on holdBusiness Standatd● Tata Steel to raise Rs16,500 crore debt to fund Bhushan Steel acquisition● Reliance Jio plans overseas expansion, may set up...

  • posted by IMV |
  • 23/5/2018

Nifty 10536/Sensex 34651/ Bank Nifty 2577731 Advances / 18 Declines/ 1 UnchangedSensex, Nifty snap 5-day fallLocal stocks logged small gains in a volatile session of trade, reversing a five-day losing trend. The barometer index, the S&P BSE Sensex, rose 35.11 points or 0.10% to settle at 34,651.24. The Nifty 50 index rose 20 points or 0.19% to settle at 10,536.70. Global cues were mixed. Realty stocks gained. Auto stocks logged strong...

  • posted by IMV |
  • 22/5/2018

Gold prices witnessed a sharp rise from its recent bottom due to rising tension between US and North Korea ahead of scheduled meet on 12th June. Dollar-denominated assets such as gold are sensitive to moves in the dollar, a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal.  Gold prices rises on dollar weakness but remained under pressure amid easing trade war fears...

  • posted by IMV |
  • 22/5/2018

Today we have seen highly range bound market and formed DOJI pattern on daily chartToday’s PerformanceBTST/STBTInfibeam from 164 - 164.40. Exit at tiny lossFuture Regular... Mixed dayBank of Baroda sell from 131--135. Gain of 16000/-KPIT sell from 251.20--250.5. Gain of 3000/-Chola finance sell from 1520--1560. Loss of 20000/- PNB buy from 81.10---82.10. Gain of 4000/-Future Intraday... Mixed day for usICICI Bank sell from 288.50---292.00....

  • posted by IMV |
  • 22/5/2018

Fundamental Aspect:Dhania future prices traded moderately lower on good supply side due to peak harvesting season. However, expectations of good buying activities from lower levels may likely to support dhaniya prices in near term. Cheaper imports from other nations are resulting in limited demand for the domestic stocks amid higher availability. Production in the current season is seen falling by around 30% Y/Y due to shift in acreage and this...

  • posted by IMV |
  • 22/5/2018

Gold prices losses as investors evaluated mixed messages regarding U.S. trade. While the agreement means that both sides will avoid billions of dollars in tit-for-tat tariffs, China has yet to agree to cut the trade deficit despite President Donald Trump’s demand that the world’s second largest economy reduce its trade surplus by $200 billion. In a session with no major economic reports stateside, market participants will focus their attention on...

  • posted by IMV |
  • 22/5/2018

Oil prices rose on concerns that Venezuela's crude output could drop further following a disputed presidential election and potential U.S. sanctions on the OPEC-member. The United States also toughened its stance on Iran and made a list of sweeping demands, which could further curb the country's crude oil exports and boost oil prices. Concerns that looming U.S. sanctions on Iran will curb that country's crude exports have also been boosting oil...

  • posted by IMV |
  • 22/5/2018

The Indian rupee tumbled further yesterday against a strengthening dollar after China and the US struck a deal to avert a trade war. Increased demand for the dollar from importers and banks after US Treasury Secretary Steven Mnuchin stated that, the trade war with China was on hold, amid hopes of easing trade tensions between the two economies also weighed down the local unit. Higher crude oil prices and losses in Asian currencies too influenced...

  • posted by IMV |
  • 22/5/2018

Economic Times● Moody’s downgrades PNB on impact of Nirav Modi fraud● NCLAT issues notice to Tata Steel over Bhushan Steel acquisition● India’s Q4 GDP growth likely at 7.4%: Icra● CBI chargesheets Rotomac promoters● Tata Sky will be the supplier of Netflix, Hotstar, Amazon Prime: CMD Harit NagpalBusiness Standatd● Tata Power, Actis in fray to buy Essel’s solar power plants● Tata-Bhushan Steel deal to reduce bank NPAs by Rs35,000 crore● NSE to...

  • posted by IMV |
  • 22/5/2018

Nifty 10516/Sensex 34616/ Bank Nifty 2575015 Advances / 33 Declines/ 2 UnchangedMarket drops on broad-based selling Key benchmark indices declined for a fifth straight session as the political situation in Karnataka left investors uneasy. The barometer index, the S&P BSE Sensex, fell 232.17 points or 0.67% to settle at 34,616.13. The Nifty 50 index fell 79.70 points or 0.75% to settle at 10,516.70. After starting on a weak note, the...