• posted by IMV |
  • 27/11/2019

MONEYCONTROL • Container Corporation: The company has signed a settlement agreement with Kohinoor India. • RITES: The government sold 10 percent equity in the company via offer for sale issues on November 22 and 25. • Tata Communications: The company appointed Amur Swaminathan Lakshminarayanan as MD & CEO. • BPCL: Moody's placed Baa2 rating on the review for downgrade on government stake sale. • Coffee...

  • posted by IMV |
  • 26/11/2019

The market closes on a negative note and halting their two-day gain after hitting record highs in the opening trade. S&P BSE Sensex fell 0.17 percent to end at 40,821.30 and the NSE Nifty 50 fell 0.3 percent to end at 12,037.70. The broader markets represented by the NSE Nifty 500 Index fell 0.4 percent.  In the previous trading session, the Supreme Court has given a decision on the floor test which will be held on 27 November and...

  • posted by IMV |
  • 26/11/2019

Gold recovered from the lower level and Crude oil traded higher on Tuesday on hopes of progress toward a trade agreement between the United States and China. The world's biggest oil users and predictions of a draw in U.S. crude inventories supported the price of Crude oil.  Today, traders should concentrate on the Prelim Wholesale Inventories m/m along with HPI m/m and CB Consumer Confidence from the house of US which will impact on...

  • posted by IMV |
  • 26/11/2019

MRF is in the process of making a bullish cup and handle pattern on the weekly chart. The formation of the cup and handle pattern is near completion. Once the last swing high is breached, we can be ascertained about the formation. The stock is trading well above 20 and 50-day moving average levels in weekly charts as well as in Daily charts indicating strength in this counter...

  • posted by IMV |
  • 26/11/2019

NAVINFLUOR Stock gives a sharp upside breakout and looks positive on the chart. Currently 4.5 % up from the previous closing. Grab it around 920 --- 915, if it sustains and closes above 920 for 3 consecutive days + weekly closing will see upside target till 965 --- 970 +++ levels in coming days. Support and stop loss below 875 on a closing basis. GESHIP Stock looks bullish on the chart. Currently 2.2 % up...

  • posted by IMV |
  • 26/11/2019

Rupee opened on a flat note against the US Dollar in the early morning after mixed sentiments on concerns regarding the US-China Trade deal. Increasing foreign fund inflows is supporting Rupee while a stronger Dollar is weighing down on the Domestic unit and restricting its gains. The 10-year Indian government bond yield was at 6.51 percent.  Technical outlook: (November 2019) USDINR Support is 71.60 Resistance...

  • posted by IMV |
  • 26/11/2019

MONEYCONTROL • Zee Entertainment: The company has appointed three new independent directors in lieu of two independent and one nominee director of Essel Group. Also, Subhash Chandra stepped aside as the chairman of the company. • Ashok Leyland/ICICI Bank: Ashok Leyland signed a Memorandum of Understanding (MoU) with lClCl Bank to enter into a strategic financing partnership for two years. • MOIL: Shares will turn...

  • posted by IMV |
  • 25/11/2019

Gold fell on Monday on the behalf of news that the United States and China expressed willingness to sign an initial trade deal by the year-end, lifting demand for riskier assets and boosting the dollar. On the other hand, Crude oil traded sideways amidst mixed sentiment in the market.  No major  Economic  data  due for the day. Technical Levels Gold (Dec) Support at 37700 and Resistance at...

  • posted by IMV |
  • 25/11/2019

The market closes on a positive note and BSE Sensex hit a fresh all-time high on Monday trading session. BSE Sensex rose as much as 1.31 percent to close at 40,889.23 while the NSE Nifty rose 1.34 percent to 12,073.75, just 15 points away from its all-time high on an intraday basis. The broader markets represented by the NSE Nifty 500 Index rose 1.06 percent.  All the sector indices ended in the green, led by the NSE Nifty Metal...

  • posted by IMV |
  • 25/11/2019

  In the previous week, Rupee settled on a positive note due to stable prices of Crude oil and sustained foreign funds inflow. This whole week, the market is likely to trade in a range as investors are keeping an eye on the GDP numbers for the second quarter of this year to be announced on Friday. The GDP growth for the first quarter stood at 5%, which was way lower than expected and it sent investors’ sentiments in jitters. Now,...