Posts

Showing posts from June, 2018

One year of GST: Fiscal deficit likely to remain under check; 3 sectors and 2 stocks to bet on

Image
Prashanth Tapse of Mehta Group said the impact of GST on macroeconomic indicators is likely to be very positive in the medium-term Year 2017 will forever be etched in Indian history as the year that saw the implementation of the biggest and most important economic reform since Independence — the Goods and Services tax (GST). It's been one year since GST came in and, given the magnitude of changes it entailed, it may be premature to pass a verdict on its success today. It has been a pleasant experience so far —the government has been proactive and business-friendly in addressing the challenges. Despite some teething problems in managing compliance-related requirements, implementation of GST is seen as directionally positive. We believe that GST has reduced the complexity of indirect tax regime significantly and is a key milestone in the government's efforts to improve ease of doing business in India. Overall, we expect that the GST Council will bring taxat...

Halfway mark on D-Street! A look at 10 stocks that dominated headlines for all the wrong reasons

Image
At the halfway mark, the trends could point to a consolidation move on the markets, with the next trigger being elections as well as earnings a well. Compared to the stellar run in 2017, the market has managed to give out subdued returns in 2018 so far. In the first half of this year, indices have gained just 1-4 percent. To put things in perspective, these had increased up to 30 percent in the last calendar year. At the halfway mark, the trends could point to a consolidation move on the markets, with the next trigger being elections as well as earnings a well. But even in this market, there were several stocks that managed to stay in the limelight and erode investors’ wealth. Moneycontrol takes a look at few stocks that were in the news for all wrong reasons. PNB , Gitanjali Gems : The stock of Punjab National Bank (PNB) has come in the centre of the controversy surrounding Punjab National Bank and Gitanjali Gems. Punjab National Bank has eroded wealth of ...

Wall Street ekes out gain as Nike surges

Image
The Dow Jones Industrial Average rose 55.36 points, or 0.23 percent, to 24,271.41, the S&P 500 gained 2.06 points, or 0.08 percent, to 2,718.37 and the Nasdaq Composite added 6.62 points, or 0.09 percent, to 7,510.30. Wall Street's major stock indexes edged higher on Friday, as a surge in Nike Inc shares helped the quarter close out on an upswing while concerns over US international trade relations ebbed . For the quarter, the Dow, the S&P 500 and the Nasdaq all posted gains. The Dow edged up 0.7 percent, the S&P 500 rose 2.94 percent, and the tech-heavy Nasdaq jumped 6.33 percent. The small-cap Russell 2000, whose components are more domestically focused than their large-cap counterparts, climbed 7.4 percent. Like the Russell, the S&P's major sectors reflected some skittishness over trade. Energy had the biggest percentage gains for the quarter as oil prices jumped, and growth sectors such as technology and consumer discretionary stocks had...

Top 5 reasons why Rupee is on a tricky road ahead; could well hit Rs 70/USD soon

Image
Rising oil prices, political risk in a pre-election year, low equity risk premia pointing towards relative high valuation and tightening financial conditions in the domestic economy are major factors specifically hurting the Rupee The Rupee has had a rough 2018, which is not surprising as a number of factors are stacked against the currency. INR has weakened three-fourths of its major emerging market (EM) peers . Rising oil prices, political risk in a pre-election year, low equity risk premia pointing towards relative high valuation and tightening financial conditions in the domestic economy are the major factors specifically hurting the Rupee. Strong US economy is prompting the US Fed to tighten monetary policy and trade war are affecting more or less all emerging markets and hence not a Rupee-specific risk. As a result, carry trade which is the biggest force that drives currency markets, especially EM currencies, is on reverse gear for Rupee in 2018. Unli...

सहायक इकाई में पूरी हिस्सेदारी बेचने से जी मीडिया (Zee Media) के शेयर में बढ़त

Image
भारतीय समाचार मीडिया कंपनी जी मीडिया (Zee Media) के शेयर में करीब 2% की मजबूती आयी है। जी मीडिया ने अपनी सहायक इकाई ईजेड-मॉल ऑनलाइन (Ez-Mall Online) में पूरी हिस्सेदारी (1 रुपये प्रति वाले 4 करोड़ शेयर) 8.60 करोड़ रुपये में ऑल्टिलिस टेक्नोलॉजीज (Altilis Technologies) को बेच दी है। जी मीडिया ने ईजेड-मॉल के वैकल्पिक रूप से परिवर्तनीय डिबेंचरों में 21.50 करोड़ रुपये के निवेश को इसके इतने ही मूल्य के गैर-परिवर्तनीय डिबेंचरों में बदलने की भी मंजूरी दे दी है। 28 जून को किये गये सौदे के 7 कार्यकारी दिनों के अंदर पूरा होने की उम्मीद है, जिसके लिए किसी समझौते की जरूरत नहीं है। उधर बीएसई में जी मीडिया का शेयर 24.80 रुपये के पिछले बंद भाव के मुकाबले आज 25.05 रुपये पर खुला और सत्र के दौरान 26.00 रुपये के ऊपरी भाव तक चढ़ा। इसके बाद 12.20 बजे के आस-पास कंपनी के शेयरों में 0.50 रुपये या 2.02% की मजबूती के साथ 25.30 रुपये के भाव पर सौदे हो रहे हैं। Two days Free Trial and best services packages for dealing in Stock market click here to get >> Share Market Tips By Ripples Adviso...

सर्राफा में निचले स्तर पर शॉर्ट कवरिंग की उम्मीद - एसएमसी

Image
कल के कारोबार में कीमतों के लगभग 6 महीने के निचले स्तर पर लुढ़कने के बाद डॉलर के हाल के उच्च स्तर पर थोड़ा कमजोर होने को कारण सर्राफा में निचले स्तर पर थोड़ी शॉर्ट कवरिंग हो सकती है। लेकिन कुल मिला कर सोने की कीमतें नवंबर 2016 के बाद सबसे खराब मासिक प्रदर्शन की ओर अग्रसर है। यही नहीं, सर्राफा की कीमतों को में लगातार तीसरे हफ्ते गिरावट हुई है और इस हफ्ते में अब तक कीमतों में 1.6% की और इस महीने में 3.8% की गिरावट हुई है। इसके साथ सर्राफा की कीमतें 2016 के अंत के बाद से सबसे खराब तिमाही प्रदर्शन की ओर से अग्रसर हैं। एमसीएक्स में सोने (अगस्त) की कीमतों को 30,400 रुपये के स्तर पर सहारा और 30,700 रुपये के स्तर पर बाधा रहने की संभावना है, जबकि चांदी (सितम्बर) की कीमतों को 39,500 रुपये के स्तर पर सहारा और 40,000 रुपये के स्तर पर अड़चन रहने की संभावना है। पहली तिमाही में अमेरिकी अर्थव्यस्था पिछले अनुमान से अधिक धीमी हुई है, क्योंकि उपभोक्ता खर्च लगभग पाँच वर्ष के निचले स्तर पर पहुँच गया है। लेकिन करो में कटौती और बेहतर श्रम बाजार में वृद्धि दर तेजी से आने की संभावना है। वहीं अमेरिकी...

Buy or sell: Top stock trading ideas by market experts which are good short term bets

Image
Rajesh Agarwal of AUM Capital recommends buying Kotak Mahindra Bank with a stop loss at Rs 1325 and target of Rs 1355 and Larsen & Toubro with stop-loss at Rs 1210 and target of Rs 1262. The Nifty slipped below its crucial 50-EMA but took support at its 100-day moving average placed at 10,571. Bears have tightened their hold on D-Street, which is evident from the fact that the widely tracked Supertrend indicator gave a sell signal on the charts yesterday. Bank Nifty continued its selling pressure and has been making lower highs - lower lows from last three trading sessions. As long as the index remains below 26,500 it could drift towards 26,100 and then 25,950 while on the upside major hurdles are seen at 26,500 then 26,750 zones. The Nifty index opened at 10,660 and rose marginally to hit an intraday high of 10,674 but then bears took control of D-Street and took the index below 10,600 levels. The Nifty hit a low of 10,557 before closing the day at 10,589, d...

Sebi fines individual for fraud trading in BGIL Films and Technologies

Image
It was alleged that Jinesh Devendra Bhatt along with other enitities of Brahmbhatt group executed self trades on repeated instances that created artificial volume. Market regulator Sebi today imposed Rs 3 lakh penalty on an individual for indulging in fraudulent trading in the matter of BGIL Films and Technologies  Ltd (BFTL). The Securities and Exchange Board of India (Sebi) had conducted an investigation from June 2008 to March 2009 in the trading of BFTL shares . It was alleged that Jinesh Devendra Bhatt along with other enitities of Brahmbhatt group executed self trades on repeated instances that created artificial volume. The self trades were in violation of Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations, resulting in positive last trade price. Self-trades are the trades in which both the buyer and the seller are the same entity and are prohibited by the market watchdog. Sebi after the investigation found the "notic...

Brent crude to consolidate around $72-78/bbl, Iran impact priced in

Image
US crude oil production is rising. The trade war between the US and its major allies, if escalate, may have an impact on the crude oil demand. "Trade war-related concern could hamper demand for crude oil. Hence, we expect Brent to consolidate around $72-78 a barrel," Ravindra V Rao, Head - Commodity Research & Advisory, Anand Rathi Commodities, said in an exclusive interview to Moneycontrol's Sunil Shankar Matkar.Q: After hitting a 3-1/2-year high of $80.50 a barrel, crude is now trading in a range. Do you expect it to be range bound or it could cross $90 a barrel? A: We have seen a dramatic rise in the crude oil prices in the last couple of months. Major reasons being, supply issues from Venezuela, Libya, and Canada. Even though the US production is on the rise, there are supply issues owing to lack of pipeline takeaway capacity from the Permian in the US to the Gulf Coast. These constraints mean the EIA’s forecast of the US output hitting close...

Asian shares stay near 9-month lows as trade frictions weigh

Image
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, Australian shares were 0.1 percent higher, while Japan's Nikkei stock index was down 0.2 percent. Asian shares remained near nine-month lows on Friday despite small gains on Wall Street overnight, as ongoing concerns over global trade frictions dampened sentiment, though a move to ease foreign investment curbs in China could boost markets there. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, Australian shares were 0.1 percent higher, while Japan's Nikkei stock index was down 0.2 percent. Stocks on Wall Street posted small gains on Thursday, helped by financial and technology shares, but broader market sentiment remained subdued on lingering concerns over US-driven trade tensions. The Dow Jones Industrial Average rose 98.46 points, or 0.41 percent, to 24,216.05, the S&P 500 gained 16.68 points, or 0.62 percent, to 2,716.31, and the Nasdaq Composite ...

Oil and rupee to decide market direction

Image
It was another weak day for Indian markets thanks to weak global cues and weakness in rupee which hit a fresh all-time low of Rs 69.09/USD on Thursday. The Nifty5o slipped below its crucial support at 10,600 but the real carnage was seen in the small and midcap space on Thursday. The index finally closed 82 points lower at 10,589. The Nifty50 slipped below its crucial 50-EMA but closed above its 100-EMA placed around 10,571. The Nifty bounced back from its crucial support placed around 10550 However, experts feel that the correction may not be over yet as long as 10666 remain intact. The index is likely to drift lower towards 10,417 and subsequently towards 10,325 i.e. 61.8% retracement level of its previous rise once it breaks below 10,550. On the way up, 10,632 – 10,674 will be resistance zone in the near-term. Any rise towards the resistance zone shall be considered as selling opportunity, suggest experts They maintain our bearish outlook on the inde...

Mentha oil futures down on subdued demand

Image
Mentha oil futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions. At the MCX mentha oil futures for July 2018 contract was trading at Rs 1196 per kg down by 0.53 per cent after opening at Rs 1197 against the previous closing price of Rs 1202.40. It touched the intra-day low of Rs 1194(at 10:09 hours). Two days Free Trial and best services packages for dealing in Stock market click here to get >> Commodity Tips By Ripples Advisory Give a Missed call @9644405056

Gold edges higher, but lingers near six-month trough

Image
BENGALURU - Gold prices inched up on Thursday, but hovered close to an over six-month low hit in the previous session, as the dollar failed to build on overnight gains amid conflicting signals from Washington while the U.S.-China trade row deepened. FUNDAMENTALS * Spot gold was up 0.1 percent at $1,253.20 an ounce, as of 0127 GMT. In the prior session, it touched $1,250.30, its lowest since mid-December. * U.S. gold futures were down 0.1 percent at $1,254.60 an ounce. * The dollar index against a basket of six major currencies stood steady at 95.254, though it failed to build on overnight gains amid conflicting signals from Washington on a proposal to restrict Chinese investment as the bitter U.S.-China trade row kept financial markets on edge. [USD/] * U.S. President Donald Trump on Wednesday said he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-sp...