• posted by IMV |
  • 03/8/2018

Indian rupee maintained its uptrend for the third straight day against the US dollar as Reserve Bank of India (RBI) maintained its growth outlook for the economy. The RBI projected a gross domestic product (GDP) expansion rate of 7.4% in 2018-19 on the back of robust macroeconomic environment. Increased selling of the greenback by exporters and banks as the RBI hiked repo rate by 25 basis points on Wednesday too boosted the sentiment of rupee....

  • posted by IMV |
  • 03/8/2018

Economic Times● Apple hits $1 trillion stock market valuation● HDFC hikes lending rate by 0.20 percentage points● Cognizant revenue growth lags TCS’s for the first time in many years● PNB fraud: CBI likely to file for Mehul Choksi’s extradition from Antigua● Jio Payments Bank, SBI partner for digital banking solutionsBusiness Standatd● ONGC Q1 profit rises 58% to ₹6,144 crore, misses estimates● Suzuki rides on Maruti to post record-high operating...

  • posted by IMV |
  • 03/8/2018

Nifty 11244/Sensex 37165/ Bank Nifty 2735615 Advances / 35 Declines/ 0 UnchangedSensex, Nifty slide on weak global stocksDomestic stocks dropped sharply in tandem with global stocks on escalating US-China trade spat. The barometer index, the S&P BSE Sensex, lost 356.46 points or 0.95% to settle at 37,165.16. The Nifty 50 index lost 101.50 points or 0.89% to settle at 11,244.70. After trading lower in early trade, the market slipped further...

  • posted by IMV |
  • 02/8/2018

Gold traded slightly higher amid recent raise in previously proposed tariff on 200 million Chinese good by American president Donald trump. The previously proposed tariff on 200 million worth of Chinese goods raised from 10% to 25% which further escalated the trade tension between two major economies and supported the safe heaven prices. As per the U.S local media the step was taken to promote the free trade agreement with north America and the...

  • posted by IMV |
  • 02/8/2018

Highly choppy day but tried to recover from morning JhatkaBTSTPNB from 88---86. Loss of 11000/-Intraday... Profit of more than 15000/-Maruti from 9175---9115 Gain of 4000/-Manappuram from 108---109.80. Gain of more than 11000/-Ashok Leyland Exit at costFuture Regular... Gain of more than 10000/-Indian Bank from 370 -  361. Loss of 18000/-PEL from 2805 – 2865. Gain of 18000/-MGL from 962 – 988. Gain of more than 15000/-Sun Pharma from 585 –...

  • posted by IMV |
  • 02/8/2018

The Indian cement industry is the second largest market in the world. The cement production capacity is estimated to touch 550 MT buy 2020. According to the Indian information and credit rating agency has published a report has said that the demand for cement is likely to grow by around 6% in the current financial year.   As per the ICRA report, During December 2017 – May 2018 period cement production was in range of 2628.5 million tone...

  • posted by IMV |
  • 02/8/2018

Fundamental Aspect:Soybean future prices traded higher on the back of regular falls in arrivals noticed in the physical market and a rise in demand from oil mills. Government has increased the export incentives on soy meal to 10% of the free-on-board value from the current 7% till Mar 31. As per the trader source, India's soy meal exports in July are expected to hit a six-month high of around 150,000 tn, supported by increase in demand from...

  • posted by IMV |
  • 02/8/2018

The rupee settled near a six week high against the dollar after the Reserve Bank of India increased its repo rate. The RBI raised policy rates by 25 basis points to 6.5% on account of inflationary pressures arising due to a hike in minimum support prices (MSPs) for crops. Earlier in its June meeting, the central bank had hiked the rate by 25 basis points to 6.25%.The 10-year bond yield rose to 7.85% from its Tuesday’s close of 7.773%. On the...

  • posted by IMV |
  • 02/8/2018

Economic Times● Paytm Payments Bank halts new user additions on RBI concerns● RBI hikes repo rate again, raises inflation projection● GST collections inch up in July to ₹ 96,483 crore on e-way bill usage● Be prepared for higher EMIs after twin RBI rate hikes● Reliance JioGigaFiber’s launch process interrupted by rainsBusiness Standatd● Apple market cap nears $1 trillion as shares hit record high● Govt bid to raise ₹17,000 crore to fund higher...

  • posted by IMV |
  • 02/8/2018

Nifty 11346/Sensex 37521/ Bank Nifty 2759626 Advances / 24 Declines/ 0 UnchangedMarket slips as RBI hikes repo rateStocks drifted lower in volatile trade after the Reserve Bank of India's monetary policy committee raised repo rate by 25 basis points. The barometer index, the S&P BSE Sensex, fell 84.96 points or 0.23% to settle at 37,521.62. The Nifty 50 index fell 10.30 points or 0.09% to settle at 11,346.20. Trading was volatile. The market...