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Showing posts from January, 2017

Copper Futures Gain on Weaker Greenback

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Copper futures rose during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal despite thin trade due to China’s week-long Lunar New Year holiday, due to weakness in the US dollar. The China’s Shanghai Futures Exchange is closed for the Lunar New Year holiday through to February 2 and will reopen on February 3.  The dollar slipped after US President Donald Trump's hardening defence over his immigration policies. Trump's move to ban entry of refugees and people from 7 Muslim majority countries mounted criticism and protests in major American cities.  At the MCX, copper futures for February 2017 contract is trading at Rs 400.60 per kg, up by 0.65 per cent, after opening at Rs 400, against a previous close of Rs 398. It touched the intra-day high of Rs 400.90.

TCS Recognized as `Leader` in Everest Group Report

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Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Tata Consultancy Services, (TCS), a leading global IT services, consulting and business solutions organization has said that it has been recognized as a Leader for the sixth consecutive year in Everest Group's report, "IT Outsourcing in Global Insurance – Service Provider Landscape PEAK Matrix™ 2016."  In recognizing TCS' absolute leadership, Everest highlights TCS' established credibility for domain knowledge, agility across global client engagements and delivery scale. Everest also cites TCS' comprehensive portfolio comprising domain-focused integrated platforms and targeted accelerators as key strengths and reasons for its continued leadership position. Everest Group examined the service provider landscape for large, annuity-based, multi service providers and mapped them on Everest Group's Performance, Experience, Ability, and Knowledge (PEAK) M

कैसे रहेंगे आईसीआईसीआई बैंक के नतीजे

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com   आज आईसीआईसीआई बैंक के नतीजे पेश होने वाले हैं जिसपर बाजार की नजरें रहेंगी। अनुमान के मुताबिक आईसीआईसीआई बैंक का मुनाफा घट सकता है। जबकि नए एनपीए 7 से 8 हजार करोड़ रुपये के बीच रहने का अनुमान है। वित्त वर्ष 2017 की तीसरी तिमाही में आईसीआईसीआई बैंक का मुनाफा 27.8 घटकर 2180.2 करोड़ रुपये रह सकता है। वित्त वर्ष 2016 की तीसरी तिमाही में आईसीआईसीआई बैंक का मुनाफा 3018.1 करोड़ रुपये रहा था। वित्त वर्ष 2017 की तीसरी तिमाही में आईसीआईसीआई बैंक की ब्याज आय 1.7 घटकर 5359.1 करोड़ रुपये रह सकती है। वित्त वर्ष 2016 की तीसरी तिमाही में आईसीआईसीआई बैंक की ब्याज आय 5453 करोड़ रुपये रही थी।

Cardamom Market Update

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Cardamom on MCX settled up 0.51% at 1465.2 as supply continued to show a shrinkage following the continued dry spell. Harvesting is nearly complete and hence arrivals are unlikely to pick up. Exporters and north Indian dealers have slowed down because of the higher prices. Exports of small cardamom during April-September 2016 have dropped by 20 per cent in volume and 22 per cent in value realisation from that of the same period the last fiscal.  Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com Shipments during the first six months of the current financial year stood at 1,625 tonnes valued at Rs. 139.25 crore against 2,026 tonnes valued at Rs. 179.32 crore in the corresponding period in 2015-16, according to Spices Board sources. Harvesting trend is any indication, the total output during the current season might come to around 40 per cent of the previous crop. Exporters continued to stay active. They have bought an estimated 40-50

Turmeric Market News Update

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Turmeric on NCDEX settled down -1.15% at 6698 on expectation of better supplies of new turmeric crops from the producing belts. However, some losses were capped on anticipation of rising upcountry demand at the spot market. In Sangli (Maharashtra), new Turmeric crop coming to the market with small quantity around 450 bags (1 bag = 70kgs), for new crop price quoted in a range of Rs.6800 - Rs.8000/qtl depends on quality and variety. Turmeric crop reported well in Maharashtra state expected better production compared to last year. As per trade information, from Karnataka Belgaum district new Turmeric will come to the market from February first week.In Nizamabad major growing regions Turmeric standing crop also reported well. As per production estimate, Turmeric production reported higher by around 7.5% during current year.  Get Two Days Free Trial from here and work with us click here http://www.ripplesadvisory.com Trading Ideas: Turmeric trading range for the day is 65

Oil Extends Decline as Rising U.S. output Weighs

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com   Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers. London Brent crude for March delivery was down 26 cents at $55.26 a barrel by 0005 GMT after settling down 72 cents on Friday.  NYMEX crude for March delivery was down 22 cents at $52.95 a barrel. The U.S. weekly oil and gas rig count from Baker Hughes showed that U.S. drillers added 15 oil rigs in the week, the 12th gain in 13 weeks. That brought the total count to 566, the most since November 2015.  The Organization of the Petroleum Exporting Countries and other producers, including Russia, agreed to cut output by almost 1.8 million barrels per day (bpd) in the first half of 2017 to relieve a two-year supply overhang. But U.S. oil production has been rising, with the International Energy Agency forecastin

International Market Morning Update:

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With Trump’s order on refugees, S&P500 has shown a sign of weakness and the index is down by 8 points from 2289, it is currently trading at 2281. S&P 500 has given breakout of its all time high and is trading above that level. However we expect a volatile session in this week as Fed will announce its monetary policy on 1st Feb Mid Night at 12:30. Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com MSCI Emerging market Index is trading at 915.92 and immediate resiatnce for the index is 920 above which next target is 929. Thus if emerging market Index gives breakout we might see buying coming in Indian market too.

Markets To Remain Volatile With Trump’s Executive Order On Refugees

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We expect Markets to remain volatile today as Trump has passed an executive order banning refugees from seven Muslim dominated states from entering United States. With Finance Minister Arun Jaitley to announce 2017 – 18 union budget on 1st Feb (Wednesday), this week might turnout to be more eventfull then otherwise thought . Moreover speculative movement is expected on UP election. First phase of election will start from 11th Feb and results will be declared on 15th of March. RBI to announce its Monetary Policy on 8th Feb , expectation of which will also have a major impact on the markets. Federal Reserve to announce its monetary policy on 1st Feb midnight at 12.30. This may also affect the market movement. Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com Bull has shown strong control on Indian Market on Friday, where Nifty rallied 0.45% and Bank Nifty rallied 1.21%.Nifty opened at 8611 and made a low of 8607, the index rallied

India Readies Budget to Soothe Voters after PM Modi's Shock cash crunch

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Finance Minister Arun Jaitley will present the most challenging budget of his tenure on Wednesday, as he seeks to appease voters still hurting from the radical monetary shock therapy that his government has administered.  Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com The 2017/18 budget comes less than three months after Prime Minister Narendra Modi's bold and risky gamble to outlaw high-value old currency bills, which has slammed the brakes on Asia's third-largest economy and hit the poor particularly hard.  According to one survey, a third of people say their incomes have fallen, with nearly a tenth saying they are much worse off. Judging how quickly the economy will recover is a tough call, making Jaitley's revenue projections a shot in the dark. A delay in the launch of a new national sales tax has added to the uncertainty. The Goods and Services tax (GST) is expected to improve tax compliance and check eva

Stock Market News Update

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com NIFTY FAB FUT (30th JAN 2017) : Trend: UpClose : 8671 Support : 8585-8642 Center Point :8570 Resistance : 8699-8756 Daily Reversal Value :8495 RSI: 45.30  BANKNIFTY FAB FUT (30th JAN 2017): Trend : UpClose : 19793 Support : 19362-19637 Center Point: 19756 Resistance:19912-20187 Daily Reversal Value : 19244 RSI : 68.60  SENSEX (30th JAN 2017) :Trend :UpClose : 27882 Support :27546-27767 Center Point: 27874 Resistance : 27988-28209 Daily Reversal Value : 27365 RSI: 29.80  USDINR FAB FUT (30th JAN 2017) : Trend : UpClose: 68.30 Support: 68.04-68.23 Center Point :68.34 Resistance:68.42-68.61 Daily Reversal Value :68.49 RSI : 45.20.

Open Interest Index F&O and Cash Segment Activity

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com In cash segment, yesterday, FII have bought shares worth Rs. 1379 Cr and DII bought shares worth Rs. 383 Cr. A combined buy of Rs.1761.80 Cr. For Jan 2017 Expiry, FII and DII together are net buyer of worth Rs. 2260.30 Cr. In Index Options, yesterday, FII have bought 27023 contracts. Pro have sold 101198 contracts on last day. Combined there has been a net sell of 74175 contracts. In Index Futures, last trading day, FII have bought 15981 contracts. Pro have sold 3139 contracts. Combined there has been a net buy of 12842 contracts.

Bulls Power Indian Markets, Nifty Likely To Open Above 8650

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com The Indian benchmark indices were powered by bulls on Wednesday, strong buying was seen in all the sectors. Bank Nifty saw a charge of 300 points on the upside. FII’s returned to the cash markets with buying figures over Rs.1300 cr, coupled with strong buying in the derivatives segment. Nifty is likely to move above its resistance levels of 8800-8900 levels in the February F&O expiry. Two major events namely the Union Budget and the RBI credit policy is lined up next week. Bank Nifty’s recent high of 19300 has been crossed and if the Index is able to sustain above 19500, then a big up move towards 20000 levels is a possibility. Nifty Future is opening at 8668 as per SGX Nifty at 8:50 am IST,almost 60 points above its previous close of 8613.

Today Indian Rupees Open 10 Paise Down

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The Indian rupee opened lower by 10 paise at 68.18 per dollar on Friday versus Wednesday's closing of 68.08.  Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com “The dollar index has recovered from 7-week lows. We expect the USD-INR to trade in a range of 68.05-68.25/dollar today.”  The dollar gained versus the Mexican peso after Mexico's president, Enrique Pena Nieto, said he would not attend a previously scheduled meeting with Donald Trump. Also the dollar index rebounded from 7-week lows.

Stock Market Update

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com NIFTY FAB FUT (27th JAN 2017) : Trend: UpClose : 8614 Support : 8363-8515 Center Point :8568 Resistance : 8668-8820 Daily Reversal Value :8468 RSI: 27.60 BANKNIFTY FAB FUT (27th JAN 2017): Trend : DownClose :19509 Support : 18912-19278 Center Point: 19413 Resistance:19644-20010 Daily Reversal Value : 19169 RSI : 56 SENSEX (27th JAN 2017) :Trend :DownClose : 27708 Support :27222-27519 Center Point: 27628 Resistance : 27816-28113 Daily Reversal Value : 27290 RSI: 11.60 USDINR FAB FUT (27th JAN 2017) : Trend : UpClose: 68.31 Support: 68.13-68.26 Center Point :68.35 Resistance:68.39-68.52 Daily Reversal Value :68.50 RSI : 45.20

RBL Banks Shines On Strong Q3 Numbers

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RBL Bank share price is trading above 19 points or 5 per cent, to touch the high and low of Rs. 393.50 and Rs. 382.10 respectively. RBL Bank, the youngest listed bank in the country registered a 59 per cent rise in net profit in the quarter ended December on the back of an increase in both interest as well as non-interest income as it benefited from lower cost of funds. Net profit rose to Rs 129 crore or Rs 3.27 per share in the quarter ended December compared to Rs 81 crore or Rs 2.60 per share a year earlier aided by a 45 per cent rise in net interest income and 66 per cent increase in fee income. Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com CEO Vishwavir Ahuja is of the view that the bank performed strongly because of strong demand for loans from companies and even as sectors like agriculture and micro finance which were affected by the demonetization of high value currency notes in November. In spite of an overhang

Cyient Gains On Starting Operations In Warangal

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com Cyient is a global provider of engineering, manufacturing, digital and technology services. It has commenced operations in Warangal from the Incubation Center of the Telangana State Industrial Infrastructure Corporation (TSIIC). The company has established a Center of Excellence (CoE) in TSIIC Incubation Center in order to help its communications business expand operations for its global client base. The CoE is going to undertake fiber and coaxial network planning and design, cell site design and drafting, MDU engineering, RF planning, and network optimization services. Cyient will also leverage the Center to give geospatial services and solutions for the company’s Smart City engagements. Cyient share price is currently trading at Rs. 467.20, up by 2.20 points or 0.65 per cent from its previous closing of Rs. 465 on the NSE. The scrip opened at Rs. 465.05 and has touched a h

Nifty Closes Below 8400, Trumps “America First” Policy Might Hit IT and Pharma Sectors

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com India’s benchmark index Nifty closed at 8349 on Friday, 86 points down from Thursday’s close of 8435.The Index displayed weakness on Friday on the backdrop of poor Quarterly number from Axis Bank and stock price of Axis Bank was down by 5%. Nifty index has given a down side breakout of its range low of 8373. Bank Nifty also shows weakness and closed at 18821, 300 points down from its last day’s close. The next support level of Bank Nifty is 18515 if Bank Nifty breaks 18781 levels.  Selling was also seen in the cash segment, the Small Cap index too corrected by 120 points from day high on Friday. We expect market to trade with negative bias as Donald Trump has given a call to “Buy American and hire American”. Nifty is facing resistance at 8460. We advice investors to book profit in buy positions and to remain cautious to build any fresh buying in the market. Important resul

Today Stock Market update

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Get Two Days Free Trial from here and work with us click here  http://www.ripplesadvisory.com/free-trial.php NIFTY JAN FUT (23rd JAN 2017) : Trend: DownClose : 8362 Support : 8250-8331 Center Point :8383 Resistance : 8413-8495 Daily Reversal Value :8412 RSI: 47.17  BANKNIFTY JAN FUT (23rd JAN 2017): Trend : DownClose :18861 Support:18478-18756 Center Point: 18928 Resistance:19033-19311 Daily Reversal Value : 19017 RSI : 55.25  SENSEX (23rd JAN 2017) :Trend :DownClose : 27034-26686 Support :26941 Center Point: 27102 Resistance : 27196-27450 Daily Reversal Value : 27218 RSI: 28.88

Q3 Numbers Dragged Axis Bank in the Blues

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Post the Q3 numbers, Axis Bank share price fell 5 per cent at Rs. 456.55. The private sector lender Axis Bank declared that its net profit for December quarter degrew 73 per cent to Rs 579.57 crore, owing to the rise in fresh slippages. The lender had registered a net profit of Rs 2,175.30 crore for the year-ago quarter. The fresh slippages for the quarter stood at Rs 4,560 crore as compared with Rs 2,082 crore in the year-ago quarter. SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com It also informed that the gross non-performing assets (NPAs) for the quarter rose to 5.22 per cent of total advances as of December 31 from 4.17 per cent reported logged for the September quarter. The bank’s provision coverage, as a proportion of gross NPAs which includes prudential write-offs, improved to 64 per cent from 60 per cent as on September 30. As on December 31, fund based outstanding on the bank’s watch list slipped 20 per cent over the previous quart

Nifty Is Trading In A Range Of 80 Points, Taking Cues From Choppy International Market

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Nifty is trading range bound at 8450-8375, budget expectations to give either side breakout. A range bound trading session was witnessed yesterday where nifty moved in a range of 45 points and as results of larger cap companies are coming out some volatility is expected to return on the markets. The past six trading sessions has seen a movement of 85 points which suggests that a big move either side is on the cards and with budget date on Feb 1 a pre budget rally can be expected. SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com Yesterday three banks declare its result Yes Bank, Federal Bank and Axis Bank. However market remain neutral on their result. The past few days data in both the cash and derivatives markets have been neutral giving no clue of the mindset of big players. Nifty Future is opening at 8423 as per SGX Nifty at 8:50 am IST,almost 16 points below its previous close of 8439.

Cipla`s arm Enters into agreement with Shriji Polymers

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Leading pharma giant, Cipla Ltd has said that Goldencross Pharma Private Limited, wholly owned subsidiary of Cipla Limited has entered in to a definitive agreement to sell its 100 per cent equity stake in Four M Propack Limited, India to Shriji Polymers (India) Limited ("Shriji Polymers") for a consideration of Rs.13.5 crores and an additional sum derived on the basis of the value of mutual funds, cash and bank balance, tax refunds, etc.  SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com at the time of closing estimated at around Rs.5.7 crores. Cipla is a global pharmaceutical company whose goal is to ensure that no patient shall be denied access to high quality & affordable medicine and support.  Meanwhile, shares of the company were trading at Rs 584.55 apiece, up 0.51 per cent from the previous.

PNB to Provide Technology Platform for Pilot launch of IPPB

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State-owned Punjab National Bank (PNB) said it will provide technology platform for pilot launch of India Post Payments Bank (IPPB), reported PTI. The memorandum of understanding (MoU) in this regard was signed between PNB and IPPB. SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com As per the agreement, PNB shall provide technology platform for pilot launch of IPPB on receipt of regulatory approval from Reserve Bank of India, the bank said in a regulatory filing to stock exchanges. IPPB last year received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to begin operations during 2017.  The bank will be headquartered in New Delhi and plans to launch 650 branches across the country during the year. The first PSU under the Department of Posts, IPPB expects to complete the rollout of its branches all over the country by September 2017.

Kolkata ATC declares Emergency post Flight Diversion

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SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com Budget passenger carrier IndiGo on Wednesday said Kolkata Air Traffic Control declared a 'full emergency for landing' when its Delhi-Dibrugarh flight landed in Kolkata as a 'precautionary diversion' due to a technical snag. According to the airline, the Kolkata ATC took the decision to declare the 'precautionary flight diversion' as a 'full emergency for landing' on a 'suo moto' basis. "IndiGo's Captain-in-Command operating Delhi-Dibrugarh flight 6E-3645, decided to divert aircraft to Kolkata due to a technical snag as a precautionary measure," the airline said in a statement. "Despite that the cockpit crew did not declare any emergency, ATC declared full emergency on its own. The aircraft landed safely," the airline maintained. The airline elaborated that it has reported the matter to the Directorate General of Civil Aviat

SBI Might raise Stake in Credit Card Joint Venture

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State Bank of India (SBI) might up its stake in its credit card joint venture (JV) — SBI Cards and Payment Services or SBICPSL, as well as find a brand new strategic partner to replace existing partner GE Capital during the present quarter. Also, India’s largest lender will ‘zero in’ on a novel partner to replace GE Capital in GE Capital Business Processes Management Services or GECBPMSL, which takes care of the technology and processing needs of the SBI Card. SBI holds 60% stake in SBICPSL and 40% in GECBPMSL with the balance being held by GE Capital in both ventures. SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com SBI Card – 2nd Largest Number of Credit Cards in Circulation in India: Vijay Jasuja, CEO, SBI Card, said to the media that his company’s market share in the credit cards space was slightly above 15 per cent. SBI Card had the 2nd largest number of credit cards in circulation in the country amounting to 47.5 lac credit cards. In the

Agri Market Update

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SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com Jeera trading range for the day is 17350-17790.Jeera prices ended with losses on profit booking after prices gained due to weak supplies position amid good demand from exporters.Expectation of increase in Jeera area in Gujarat state mainly in Saurashtra and Kutch zone current year also weighed on prices.As per Gujarat Govt. sowing data current year Jeera sowing completed around 256800 hectares.In Unjha, a key spot market in Gujarat, jeera edged up by 29.35 rupees to end at 18577.1 rupee per 100 kg.  Turmeric trading range for the day is 6508-7016.Turmeric prices gained on anticipation of rising physical as well as export demand at the spot market.Turmeric output is seen higher at 7 million bags thanks to higher sowing and favorable weather conditions.Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year.In Nizamabad, a major spot market in AP, the price ended a

Nifty Continues To Trade In A Range Before The Trump Policy Announcements Tomorrow

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SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com Indian benchmark Index Nifty Futures, opened at 8426 and after making a high of 8469 Nifty fell sharply by 62 points to make a low of 8406 yesterday. Nifty Futures finally closed at 8430. Nifty holds 8400 in a narrow trading range over past five trading sessions. Indian benchmark index Nifty saw profit booking from range high of 8460 to give back most of the gains to finally close flat at 8430, a gain of 17 points.  The past five trading sessions have seen a range of 85 points which suggests that prices might give a breakout of the upper range or lower range of 8460 and 8375 respectively soon.  The triggers could be the announcement of Trump policies and Pre or post budget rally. Banking stocks have been outperforming and the Bank Nifty Index after making a high of 19276 corrected by 150 points and this has been second consecutive day that Bank Nifty has corrected by 150 points or more suggesting

NSE Conducts two-day live Trading from 'disaster Recovery Site'

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The National Stock Exchange of India (NSE) on Wednesday announced that it has completed a two-day live trading session from its 'disaster recovery site' (DRS) for the fifth successive time. According to the NSE, the 'live trading' session was conducted on January 9-10, 2017.  SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com "NSE is in compliance with the recommendations of the Technical Advisory Committee of Securities and Exchange Board of India (SEBI) on business continuity policy (BCP) and disaster recovery (DR) for stock exchanges and depositories," the NSE said in a statement.   The NSE pointed out that its DR centre is located far away from its primary site and is in a different seismic zone. The NSE elaborated that its BCP is aimed at having a systematic approach to deal with business disruptions, and to protect market integrity.

Infosys Campus in Chandigarh goes Cashless

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SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com The Chandigarh campus of software major Infosys has become cashless for all transactions, the company said on Wednesday. "The Union Territory administration has recognised our campus in Chandigarh as cashless for all transactions at food courts, shopping centres and guest houses," said the outsourcing firm in a statement here.  Of the company's 15 campuses across the country, housing its software development centres, Chandigarh is the eighth largest with around 1.2 million square feet built-up area for 6,615 techies.  The Chandigarh administration had recently organised a 'Digi Dhan Mela' in the city to promote cashless transactions

Narendra Modi seeks French Cooperation in Infrastructure Development

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SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com Prime Minister Narendra Modi on Wednesday said that bilateral relations between India and France have expanded to encompass a broad range of sectors, and called for greater bilateral cooperation in smart cities, urban transport, and infrastructure development. The Prime Minister's observation came during a meeting with Diplomatic Adviser to the French President Jacques Audibert who called on Modi here. The Prime Minister recalled his visit to France in 2015, and the visit of President Hollande as Chief Guest at the Republic Day on 2016, and said that the exchange of visits had laid the foundation for strengthening bilateral ties for years to come. "Bilateral relations between India and France have expanded from the triad of defence, space and civil nuclear cooperation to encompass a broad range of sectors, especially counter-terrorism, maritime security, and renewable energy," M

Indian Stock Market Trend

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SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com NIFTY JAN FUT (19th JAN 2017) : Trend: UpClose : 8429 Support :8337-8400 Center Point :8434 Resistance : 8463-8526 Daily Reversal Value :8779 RSI: 8379 BANKNIFTY JAN FUT (19th JAN 2017): Trend : UpClose : 19199 Support : 18878-19090 Center Point: 19194 Resistance:19303-19515 Daily Reversal Value : 18861 RSI : 76.80 SENSEX (19th JAN 2017) :Trend :UPClose :27257 Support :26971-27176 Center Point: 27299 Resistance : 27381-27586 Daily Reversal Value : 27129 RSI: 28.40 USDINR JAN FUT (19th JAN 2017) : Trend : UpClose: 68.14 Support: 67.81-68.01 Center Point :68.09 Resistance:68.21-68.42 Daily Reversal Value :68.18 RSI :60.40

RBI Governor Faces tough Questions on Demonetisation

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SUBSCRIBE US NOW FOR TWO DAYS FREE TRIAL :-- http://www.ripplesadvisory.com RBI Governor Urjit Patel today faced some tough questions from MPs as he could not set a time frame for return of normalcy in the banking system even as the central bank asserted that Rs 9.2 lakh crore or 60 percent of demonetised currency has been replaced. Patel also could not give a definite number of old Rs 500 and Rs 1000 bills returned post demonetisation as RBI was still tabulating those. Sources said the Governor was spared a tough grilling at the meeting of the Parliament's Standing Committee on Finance as senior MPs including former Prime Minister Manmohan Singh intervened to say RBI as an institution needs to be respected.  Congress MPs like Digvijay Singh wanted Patel to be specific in his replies on lifting of cash withdrawal restrictions and wanted to follow through with tougher questions but were prevented by Singh and others, they said. Patel, flanked by Deputy Governors R G