• posted by IMV |
  • 09/8/2018

Economic Times● RBI to pay ₹ 50,000 crore dividend to govt for FY18● Nifty hits 11,450 for first time; Sensex near 38,000● Mumbai BPCL fire: Refinery’s hydrocracker unit shut, 40 injured● PhonePe gets ₹452 crore funding from Flipkart● LIC-IDBI Bank deal gets government approvalBusiness Standatd● HPCL Q1 profit rises 86% to ₹1,719 crore, tops estimates● HDFC MF juggles its schemes and thumbs its nose at Sebi● Flipkart-Walmart deal gets CCI...

  • posted by IMV |
  • 09/8/2018

Nifty 11450/Sensex 37887/ Bank Nifty 2806234 Advances / 16 Declines/ 0 UnchangedKey barometers attain record closing highKey equity indices logged modest gains on steady buying demand with the Sensex and the Nifty, both, scaling record highs in intraday as well as on closing basis. The barometer index, the S&P BSE Sensex, gained 221.76 points or 0.59% to settle at 37,887.56. The Nifty 50 index gained 60.55 points or 0.53% to settle at 11,450....

  • posted by IMV |
  • 08/8/2018

Gold traded sideways amid mix sentiments in global market. The on-going trade war between China and America supported the gold prices but the gains was soon capped by stable dollar due to bright U.S economic growth outlook. After U.S president Donald trump imposed 25% tariff on 200-billion-dollar worth of Chinese goods the Chinese counterpart retaliated with tariff on 60-billion-dollar worth of American goods and in the tit for tat response...

  • posted by IMV |
  • 08/8/2018

Macro Economic and Fundamental AnalysisThe extreme objective of fundamental analysis is to help an investor identify individual companies that are performing well as a business in the belief that their share price will rise over time. Stock markets play a pivotal role in growing industries and commerce of a country that eventually affect the economy. Its importance has been well acknowledged in industries and investors perspectives. A large body...

  • posted by IMV |
  • 08/8/2018

Fundamental AspectJeera futures prices edged lower mainly due to profit booking by the market participants from higher levels. New season crop supported by improved physical and export demand. Jeera prices surged more than 9.2% last month (July) on higher exports from China and Bangladesh due to restricted supplies from Syria. According to export data released by Commerce ministry, exports in May surged 96% on year to 27,790 tones.Chana future...

  • posted by IMV |
  • 08/8/2018

The Indian rupee traded in a tight range against the US dollar amid continued trade war concern and political uncertainty in UK. As per Credit Suisse report, the weakness in rupee is expected to continue further and the domestic currency could touch 70 per US dollar if crude oil prices continue moving upward, According to the global financial services, rupee remains vulnerable to unexpected USD strength against the G10 currencies and the Chinese...

  • posted by IMV |
  • 08/8/2018

Nifty 11389/Sensex 37665/ Bank Nifty 2787522 Advances / 28 Declines/ 0 UnchangedBenchmarks end volatile session almost flatKey equity indices ended the volatile session almost flat on Tuesday, retreating from record highs hit earlier in the day. The barometer index, the S&P BSE Sensex, fell 26.09 points or 0.07% to settle at 37,665.80. The Nifty 50 index rose 2.35 points or 0.02% to settle at 11,389.45. Public sector banks fell across the...

  • posted by IMV |
  • 07/8/2018

We have seen consistent uptrend  in KPIT without any major correction.KPIT future has  made a recent high around 309 and currently trading around 299. Since the recent high the stock is facing strong resistance around those levels and finding it difficult to breach. On daily chart KPIT has unable to breach its upper resistance and facing selling pressure from the top. If it Breaks and sustain below 300 then it will take it to 285 – 280...

  • posted by IMV |
  • 07/8/2018

Fundamental Aspect:Castor seed futures prices traded with weak note on profit booking after the recent gains may weigh down the prices. However, loss will be limited and prices to trade higher for rest of the trade. Sowing activities is been very dull in the current season and only half of last year area is covered till date. Lack of sowing interest for castor may be due to the higher MSP prices of other crops. Rainfall is likely to be isolated...

  • posted by IMV |
  • 07/8/2018

The Indian traded sideways against the US dollar, tracking gains in local equity market and Asian currencies. So far this year, the rupee has weakened 7%, while foreign investors have sold $534.60 million and $5.69 billion in equity and debt markets, respectively. Though, Asian currencies were trading higher after China’s central bank lent more support to the Yuan by announcing a rule tweak that will make it more expensive to bet against the...