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11-year data suggests bears control D-Street in September; can bulls defy odds?

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The Sensex was down 11 per cent in September 2008, 5.4 per cent in 2018 and dropped by 2.1 per cent in the same month in 2011, data from AceEquity shows.


Indian markets remained in a bear grip in August and the trend is unlikely to shift towards the bulls with no big triggers expected in September, say experts.
The month of September is off to a muted start, with both the Sensex and the Nifty trading below crucial support levels. The Sensex broke below 37,000 and the Nifty 11,000.
Anecdotal evidence suggests that the index has given flat to negative returns in September in six of the last 11 years. The index saw a drop of more than 11 percent in September 2008, followed by 2018 when it slipped 5.4 percent, and in 2011 it dropped by 2.1 percent, data from AceEquity shows.
Apart from two tall towers witnessed in 2009 and 2010, the gains in September in the 11-year period have not been that inspiring.
The index rallied 10.2 percent in 2010, followed by 10.13 percent in 2009 and 7.9 percent th…

United Bank falls 3% on deferring amalgamation talks with PNB

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The share touched its 52-week high Rs 13.25 and 52-week low Rs 9.05 on 01 January 2019 and 08 October 2018, respectively.


Shares of United Bank of India declined nearly 3 per cent in the early trade on September 5 after the bank decided not to discuss amalgamation with Punjab National Bank (PNB) on September 6 board meeting.
The board of directors of the company will not be deliberating on the said amalgamation with PNB in the meeting to be held on September 6, 2019.
The board will discuss the matter on a later date, the intimation of which shall be given to the exchanges in due course, it added.
At 0931 hrs, United Bank of India was quoting at Rs 9.90, down Rs 0.26, or 2.56 per cent on the BSE.
The share touched its 52-week high of Rs 13.25 and its 52-week low of Rs 9.05 on 1 January 2019 and 8 October 2018, respectively.
Currently, it is trading 25.51 per cent below its 52-week high and 9.06 per cent above its 52-week low.


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सकारात्मक वैश्विक रुझानों के सहारे बाजार में मजबूती, निफ्टी 10,900 के ऊपर

सकारात्मक वैश्विक रुझानों और अमेरिकी तथा एशियाई बाजारों में मजबूती से गुरुवार को घरेलू बाजार में भी अच्छी शुरुआत हुई है।

शुरुआती कारोबार में ही निफ्टी 10,900 के ऊपर आ गया है। सभी प्रमुख सूचकांक हरे निशान में हैं, जिनमें सर्वाधिक मजबूती धातु, ऊर्जा, इन्फ्रा, ऑटो, बैंक और आईटी में है। अगस्त में चीन के सेवा क्षेत्र ने शानदार प्रदर्शन किया, जबकि ब्रिटिश सांसदों ने ब्रेक्जिट में देरी के लिए एक कानून को मंजूरी दे दी है। इसके अलावा हॉन्ग-कॉन्ग में तनाव में कमी आयी है। इन खबरों से निवेशकों को राहत मिली है। बीएसई सेंसेक्स (Sensex) 36,724.74 के पिछले बंद स्तर की तुलना में बढ़ोतरी के साथ 36,821.71 पर खुला। 9.20 बजे के करीब सेंसेक्स 119.37 अंकों या 0.33% की वृद्धि के साथ 36,844.11 पर है। वहीं एनएसई का निफ्टी (Nifty) 10,844.65 के पिछले बंद स्तर के मुकाबले 10,860.95 पर खुल कर 60.60 अंकों या 0.56% की बढ़ोतरी के साथ 10,905.25 पर है। दूसरी तरफ छोटे-मॅंझोले सूचकांकों में भी मजबूती है। बीएसई मिडकैप में 0.35% और बीएसई स्मॉलकैप में 0.30% की वृद्धि है। वहीं निफ्टी मिड 100 में 0.53% और निफ्टी स्मॉल 100 में 0.68…

जेएसडब्ल्यू स्टील खरीदें और बजाज ऑटो बेचें : आईसीआईसीआई डायरेक्ट

आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज गुरुवार के कारोबार में जेएसडब्ल्यू स्टील (JSW Steel) में खरीदारी और बजाज ऑटो (Bajaj Auto) में बिकवाली की सलाह दी है।
- जेएसडब्ल्यू स्टील (216.60) सितंबर फ्यूचर को 214.50.00-215.00 रुपये के बीच खरीदें - पहला लक्ष्य 217.8 रुपये, दूसरा लक्ष्य 222.3 रुपये - घाटा काटने का स्तर (स्टॉप लॉस) 211.8 रुपये
- बजाज ऑटो (2,750) सितंबर फ्यूचर को 2745.00-2750.00 रुपये के बीच बेचें - पहला लक्ष्य : 2726 रुपये, दूसरा लक्ष्य 2690 रुपये - घाटा काटने का स्तर : 2774 रुपये
ध्यान रखें कि ब्रोकिंग फर्म की यह सलाह एकदिनी वायदा कारोबार के लिए है।
स्पष्टीकरण: इन शेयरों में ब्रोकिंग फर्म या उसके ग्राहकों के हित जुड़े हो सकते हैं।


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Jet Airways creditors to recover only $300-$400 million in liquidation scenario

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Creditors of India's bankrupt Jet Airways are likely to recover less than 10% of the carrier's total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters.


The airline's financial and operational creditors, who are owed nearly 300 billion Indian rupees ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet's assets, the sources, who have direct knowledge of the matter, said.
"The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources.
The sources, who asked not to be named as they have not been cleared to discuss the matter with media, said Jet currently has some four to six Boeing and Airbus aircraft, and some real estate assets in India, on which there are some outstanding dues.
The airline, less than a year ago, was operating a fleet of more than 120 planes that flew to dozens of do…

Is Tata Motors increasingly seen as a takeover target by investors?

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A rose by any other name would smell just as sweet, goes the Shakespearean saying. 


Likewise, if the value of a stock is the sum of the present value of its future cash flows, how should it matter to investors whether the equity shares they purchase are called ordinary shares or shares with differential voting rights (DVRs).
But apparently, in the case of Tata Motors Ltd, it matters a lot. The company’s ordinary shares now trade at a record premium of about 120% over its DVRs. The ordinary shares, which trade at ₹109.50 apiece, offer one vote for every share held in the company, and the DVRs, which trade at ₹49.95 apiece, offer one vote for every 10 shares held.
Researchers such as Aswath Damodaran of New York University say that the difference between voting and non-voting shares is almost entirely explained by the value attached to the possibility of a change in the company’s management or ownership.
In a paper that sought to assess the economic value of voting rights, Haim Levy of the …

Oil prices rise after US confirms trade talks with China to start

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The gains add to a surge in prices on Wednesday that had been driven by a survey showing activity in China's services sector expanded at the fastest pace in three months in August, as new orders rose in the world's second-biggest consumer of oil.


Oil prices rose on Thursday, rebounding from earlier losses, after the U.S. confirmed that talks with China to reach a trade agreement would be held in the coming weeks, giving hope that a dispute that has roiled global economies will be resolved.
The gains add to a surge in prices on Wednesday that had been driven by a survey showing activity in China's services sector expanded at the fastest pace in three months in August, as new orders rose in the world's second-biggest consumer of oil.
Brent crude was up 21 cents, or 0.4%, at $60.91 a barrel by 0301 GMT. On Wednesday, Brent rose 4.2%.
West Texas Intermediate (WTI) was up 17 cents, or 0.3%, at $56.43 a barrel, having risen 4.3% the previous session, the biggest percentage gain …