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Showing posts from March, 2019

March auto sales may be mixed amid high inventory, but these 2 stocks remain brokerages top picks

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Passenger vehicles and two-wheeler sales are expected to be a mixed bag while the commercial vehicle segment is expected to register weak growth during March. Automobile sales in March are expected to be mixed for the sixth consecutive month, citing high inventories, rising ownership cost and deferred purchases during general elections, brokerages said. Passenger vehicles and two-wheeler sales are expected to be a mixed bag, while the commercial vehicle segment is expected to register weak growth during the month. In a recent report, Emkay said channel checks indicate rising ownership cost, deferred purchases during elections and selective financing by non-banking financial companies (NBFCs) are constraining volume performance across the automotive segments in the near term. In the last year, the sector has been worst performer, with the Nifty Auto index falling nearly 24 percent, amid a liquidity crisis and weak festive season. In March itself, the index was

एनसीएलएटी (NCLAT) ने आईएलऐंडएफएस (IL&FS) से माँगा बकाया कर्ज का विवरण

खबर है कि एनसीएलएटी (NCLAT) ने आईएलऐंडएफएस (IL&FS) को समूह की 13 कंपनियों की बकाया देय राशि का विवरण देने का निर्देश दिया है। एनसीएलटी ने लेनदारों का भी विवरण माँगा है ताकि ऋणदाताओं को बकाया भुगतान जारी किया जा सके। अध्यक्ष न्यायमूर्ति एस जे मुखोपाध्याय की अध्यक्षता में एनसीएलटी की दो सदस्यीय पीठ ने आईएलऐंडएफएस के नवनियुक्त बोर्ड को कर्ज की जानकारी मुहैया करवाने को कहा है। साथ ही एनसीएलएटी ने यह भी स्पष्ट कर दिया कि आईएलऐंडएफएस समूह की कंपनियों के लिये समाधान योजना (Resolution Plan) बढ़ाने को लेकर सरकार पर कोई रोक नहीं है। मामले की सुनवाई के दौरान पीठ ने यह भी कहा कि आईएलऐंडएफएस और समूह की 300 से अधिक कंपनियों के समाधान के लिए नवनियुक्त बोर्ड और सरकार द्वारा जो भी कदम उठाया जाता है, उसके लिए अपीलीय न्यायाधिकरण की मंजूरी लेनी होगी। इससे पहले कॉर्पोरेट मामलों के मंत्रालय ने आईएलऐंडएफएस के लिए समाधान योजना पेश की थी। मंत्रालय के अनुसार पूरी समाधान प्रक्रिया दिवाला और दिवालियापन संहिता, 2016 में मौजूद नियमों पर आधारित है। एनसीएलएटी मामले में अगली सुनवाई 08 अप्रैल को करेगी,

Latest FD interest rates: SBI vs Kotak Mahindra vs ICICI vs HDFC Bank vs PNB

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Most people in India want to invest their money in fixed deposits (FDs) as they offer risk-free guaranteed return. FDs are quite popular, especially among senior citizens. Generally, FDs fetch a higher rate of interest as compared to savings.  FD rates vary from bank to bank depending on the tenor of the deposits. Most banks offer FDs starting from 7 days up to 10 years. FDs with a lock-in period of 5 or more also offer income tax benefits under Section 80C. Kotak Mahindra Bank has revised its FD interest rate with effect from 2 March 2019. Earlier major banks like State Bank of India (SBI), Axis Bank, Punjab National Bank (PNB), ICICI Bank and HDFC Bank had hiked interest rates. Kotak Mahindra Bank is now offering 6.5% on maturity period of 180 days, 181 days to 269 days, and 270 days. On maturity period of 271-364 days, the bank is now offering 7% interest rate. The bank is offering a 7.30% interest rate on the maturity period of 365 days to less than 23 months. On the ma

Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

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Oil prices rose about 1 percent on Friday, posting their biggest quarterly rise in a decade, as U.S. sanctions against Iran and Venezuela, as well as OPEC-led supply cuts, overshadowed concerns over a slowing global economy. The May Brent crude oil futures contract, which expired Friday, gained 57 cents, or 0.8 percent, to settle at $68.39 a barrel, marking a first-quarter gain of 27 percent. The more-active June contract settled up 48 cents at $67.58 a barrel. U.S. West Texas Intermediate (WTI) futures rose 84 cents, or 1.42 percent, to $60.14 a barrel, and posted a rise of 32 percent in the January-March period. For the two benchmarks, the quarterly rise was the biggest since the second quarter of 2009, when both gained about 40 percent. U.S. sanctions on Iran and Venezuela have boosted prices this year. Washington is keen to see that Malaysia, Singapore, and others are fully aware of illicit Iranian oil shipments and the tactics Iran uses to evade sanctions,

Technical Analysis: Deciding trailing exit levels using ATR technical indicator

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The ATR indicator moves up and down as price moves in an asset become larger or smaller. The ATR describes how much a stock typically moves over the course of the day. Average true range (ATR) is a volatility indicator originally developed by J. Welles Wilder, Jr. for commodities. It indicates how much an asset moves over a given time frame. The indicator aids in the placement of orders and can be used as a trailing stop loss. The average true range is an N-day smoothed moving average (SMMA) of the true range values. The default value is taken as a 14-period. Wilder proposed ATR in his 1978 book, New Concepts in Technical Trading Systems. What is an ‘Average True Range (ATR)’? The ATR indicator moves up and down as price moves in an asset become larger or smaller. The ATR describes how much a stock typically moves over the course of the day. The indicator does not provide an indication of the price trend, simply the degree of price volatility. This Volatility measure is

Natural gas prices to trend lower on rising production, increasing stockpiles

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The energy complex closed the week on a mixed note with Nymex crude jumping another percent while Nymex natural gas ending with a two percent loss. Precious metal complex ended negative gains over the last week as the inverted yields in US treasuries started to narrow and dollar started strengthening. Base metal prices ended with small gains with copper and aluminum closing the week with a percent gains each, while lead, zinc, and nickel ended flat. Base metals showed limited gains due to global recession worries, but US-China trade talks renewed optimism towards the end of the week. The energy complex closed the week on a mixed note with Nymex crude jumping another percent while Nymex natural gas ending with a two percent loss. Crude oil prices continued to trend higher despite worries over global growth and higher inventories. Natural gas prices continue to trend lower on warmer weather and lower-than-expected inventory withdrawals this week. Natural gas price

Trade hopes lift Wall Street; S&P 500 notches best quarter since 2009

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The Dow Jones Industrial Average rose 211.22 points, or 0.82 percent, to 25,928.68, the S&P 500 gained 18.96 points, or 0.67 percent, to 2,834.4 and the Nasdaq Composite added 60.16 points, or 0.78 percent, to 7,729.32. US stocks ended the final trading day of the first quarter on a strong note on Friday and the S&P 500 posted its best quarterly gain since 2009, boosted by optimism over the latest round of trade talks between the United States and China. The two sides said they made progress in trade talks that concluded on Friday in Beijing. The talks, aimed at resolving a nearly nine-month trade dispute between the world’s two largest economies, were called “candid and constructive” by Washington. A Chinese delegation led by Vice Premier Liu He will head to Washington next week for another round of talks. “The prospect of the trade war ending in the very near term is giving a boost to investor confidence, and in turn, we’re closing the quarter with som

Reliance Jio acquiring Haptik for Rs 200 cr: Report

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Reliance Jio is reportedly acquiring Haptik -- one of the world's largest conversational Artificial Intelligence (AI) platforms -- for over Rs 200 crore. A report in Inc42.com late Thursday claimed that the transaction is expected to be completed this week. Citing a company document, the report claimed that "Reliance Jio Services Ltd and Haptik founders Aakrit Vaish and Swapan Rajdev have signed a Business Transfer Agreement". When contacted, Haptik declined to give an official response on the report. Jio was yet to comment on the development. Having grown 10 times in revenue in just one year, Haptic's partners and clients include Coca-Cola, HDFC Life, Samsung, Edelweiss Tokio, Goibibo, Amazon Pay, ClubMahindra, ICICI Bank and Tata Docomo, among others. Haptik was the first company to open source a conversation-based Entity Detection engine and is patent pending on our unique bot to agent routing capabilities. In April 2016, Times Int

विप्रो (Wipro) ने मिलाया आईआईटी खड़गपुर से हाथ, शेयर मजबूत

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प्रमुख आईटी सेवा प्रदाता कंपनी विप्रो (Wipro) ने आईआईटी खड़गपुर (IIT Kharagpur) के साथ साझेदारी की है। विप्रो और आईआईटी खड़गपुर ने 5जी और कृत्रिम बुद्धिमत्ता (एआई) के क्षेत्रों में उद्योग-केंद्रित प्रायौगिक शोध के लिए हाथ मिलाया है। इस साझेदारी के शोध परिणामों को विप्रो अपने ग्राहकों के लिए समाधान विकसित करने में इस्तेमाल करेगी। वहीं दूसरी तरफ आईआईटी को संयुक्त शोध अंतर्दृष्टि (Research Insights) के व्यावसायीकरण और विप्रो के उद्योग विशेषज्ञता का लाभ प्राप्त होगा। दोनों संगठन स्वास्थ्य सेवा, शिक्षा और खुदरा क्षेत्र के साथ-साथ जलवायु परिवर्तन और साइबर सुरक्षा जैसे क्षेत्रों में लागू एआई शोध पर ध्यान देंगे। इस खबर से आज विप्रो के शेयर को सहारा मिलता दिख रहा है। बीएसई में विप्रो का शेयर 254.60 रुपये के पिछले बंद भाव के मुकाबले आज मजबूती के साथ 257.95 रुपये पर खुल कर अभी तक के कारोबार में 259.60 रुपये तक चढ़ा है। करीब 10 बजे विप्रो के शेयरों में 3.35 रुपये या 1.32% की बढ़ोतरी के साथ 257.95 रुपये पर कारोबार हो रहा है। इस भाव पर विप्रो की बाजार पूँजी 1,55,434.18 करोड़ रुपय

कोटक महिंद्रा बैंक (Kotak Mahindra Bank) ने निदेशक मंडल ने लिया बड़ा फैसला

गुरुवार को कोटक महिंद्रा बैंक (Kotak Mahindra Bank) के निदेशक मंडल की एक अधिकृत समिति की बैठक हुई। बैठक में समिति ने 10 लाख रुपये प्रति वाले 1,500 गैर-परिवर्तनीय डिबेंचर आवंटित करने की मंजूरी दे दी। इससे कोटक महिंद्रा बैंक को 150 करोड़ रुपये की पूँजी हासिल हुई है। योग्य निवेशकों को आवंटित किये गये डिबेंचरों पर 8.25% की कूपन दर और इनकी अवधि 7 वर्ष 1 महीना यानी कुल 85 महीनों की है। बीएसई में कोटक महिंद्रा बैंक का शेयर 1,338.65 रुपये के पिछले बंद भाव के मुकाबले आज मजबूती के साथ 1,354.00 रुपये पर खुला, जो अभी तक के कारोबार में इसका शिखर भी है। करीब सवा 10 बजे कोटक महिंद्रा बैंक के शेयरों में 6.95 रुपये या 0.52% की बढ़ोतरी के साथ 1,345.60 रुपये पर कारोबार हो रहा है। इस भाव पर कोटक महिंद्रा बैंक की बाजार पूँजी 2,56,745.06 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 1,424.00 रुपये और निचला स्तर 1,002.30 रुपये रहा है। 2003 में शुरू हुए कोटक महिंद्रा बैंक पहले एक गैर-बैंकिंग वित्तीय कंपनी (एनबीएफसी) (कोटक महिंद्रा फाइनेंस) थी। मगर 16 साल पहले आरबीआई से बैंकिंग लाइसेंस मिलने

India rice prices slip as demand dips; domestic buying props up Thai rates

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Rice export prices in India eased from multi-month highs this week due to weaker demand, while domestic buying pushed up rates in Thailand. Top exporter India's 5 percent broken parboiled variety was quoted around $390-$393 per tonne, down from the previous week when prices rose to the highest level in more than seven months at $392-$395. "Buyers are waiting for a price correction," said an exporter based at Kakinada in the southern state of Andhra Pradesh. "Exporters can't reduce prices due to the strong rupee and higher paddy prices." Last week's price rise was attributed to an appreciation in the rupee, which lowers returns from overseas sales. In Thailand, benchmark 5 percent broken rice prices rose to $400-$404 a tonne, free on board Bangkok, on Thursday, from $390-$393 last week. Traders said the price rise was due to higher domestic demand, even as overseas demand remained flat. "Prices were very low last week, so there were some pu

Garden fresh Assam tea in `tea boutiques` soon

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To make authentic garden fresh Assam tea available to people, the North Eastern Tea Association (NETA) has decided to launch 'NETA Tea Boutique' in the state's Golaghat district. Announcing this, NETA chairman Nepal Saikia on Thursday also said that a pilot project will be launched at Bengenakhowa at the Golaghat-Furkating road in June this year.  "If the pilot project is successful, NETA will assess the possibility of opening many more such exclusive tea boutiques in different cities and towns of India," he said. NETA is a tea producers' association established in 1981 at Golaghat. It represents about 132 tea producers and produces around 75 million kg of tea. "The primary objective of the NETA Tea Boutique is to make available garden fresh, single estate origin, non-blended and authentic Assam Tea to consumers at a reasonable price. Anyone visiting this boutique will have a complete experience of tea," said NETA adviser, Bidya

Gold edges up after steep fall; palladium faces worst week since end-2015

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Gold inched up on Friday but was on track for its first weekly decline in four weeks after posting its steepest fall in more than seven months in the previous session on a strong dollar. Palladium, meanwhile, was set for its worst week since November 2015, after recording its biggest one-day decline in more than two years on Thursday. FUNDAMENTALS Spot gold rose 0.1 percent to $1,291.40 per ounce by 0120 GMT, after falling about 1.5 percent in the previous session to touch its lowest since March 8 at $1,288.30. The metal is down about 1.6 percent so far this week but is virtually flat for the quarter. U.S. gold futures were flat at $1,290 an ounce. Spot palladium gained 0.5 percent to $1,355.18 an ounce, after sliding 6.6 percent - the most since January 2017 - in the previous session. The auto-catalyst metal has still gained about 8 percent for the quarter. The dollar was poised on Friday for its strongest gain in three weeks as investors resp

HDFC Bank opposes SBI`s plea to liquidate 6.6 million USL shares

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A day after the SBI-led banker's consortium raised 1,008 crores by selling 7.4 million pledged shares of United Breweries, their bid to recover more money by liquidating shares of United Spirits faced opposition from HDFC Bank which moved the special PMLA court here against it. The special PMLA (Prevention of Money Laundering Act) court did not take up the petition and fixed 2 April for the next date of hearing. At Thursday's closing price of  532.20 on the BSE, these 6.6 million shares could fetch the banks over  350 crores. Banks are seeking court permission to liquidate 65.85 lakh shares of United Spirits which were pledged by two Vijay Mallya companies - United Breweries Holdings (UBHL) and Kingfisher Finvest, the holding company of the defunct Kingfisher Airlines -- as collateral for loans from HDFC Bank. The banks are trying to part-recover the 6,203.35 crores of dues along with annualized interest of 11.5 percent payable since 2013, by liquidating

D-Street Buzz: Nifty Energy outperforms led by HPCL; Vodafone Idea jumps 10%, Tata Motors gains

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ICICI Bank, Future Lifestyle Fashions, DCB Bank, IDFC First Bank, IPCA Laboratories, Mahanagar Gas, Muthoot Finance, Oriental Bank of Commerce and Varun Beverages have hit a 52-week high on NSE. Another day and another positive start for the Indian stock market as the Nifty50 has added 47 points, trading at 11,617 and Sensex has gained 171 points, trading at 38,716. Nifty Energy is the outperforming sector, up 1 percent led by HPCL which jumped over 3 percent followed by Indian Oil Corporation, BPCL and Reliance Industries. Nifty PSE is also trading on a handsome note with gains from SAIL, NTPC, ONGC, New India Assurance, Bharat Heavy Electricals, and Container Corp. From the auto space, the top gainers are Tata Motors, Ashok Leyland, Bharat Forge, Apollo Tyres, Exide Industries, and Mahindra & Mahindra. IT stocks are also buzzing led by Infosys, Wipro, Oracle Financial Services, Tata Elxsi, Tata Consultancy Services, and Tech Mahindra. From the infr

PNB gains 2% on offloading stake in PNB Housing

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PNB would continue to hold a strategic stake of 19.78 percent of the paid-up capital of PNBHF. The share price of Punjab National Bank (PNB) and PNB Housing Finance (PNBHF) gained 2 percent each in the early trade on Friday after PNB is going to offload its stake in PNBHF. PNB is its BSE release said that it has entered into agreements for sale of 1,08,91,733 equity shares held in PNB Housing Finance (PNBHF) to General Atlantic Group at a per share price of Rs 850 aggregating to Rs 925.80 crore. Also, the sale of 1,08,91,733 equity shares held in PNBHF to VardePartners at a per share price of Rs 850 aggregating to Rs 925.80 crore. Meanwhile, PNB would continue to hold a strategic stake of 19.78 percent of the paid-up capital of PNBHF. At 09:30 hrs PNB Housing Finance was quoting at Rs 846, up 1.99 percent and Punjab National Bank was quoting at Rs 96.85, up 1.57 percent on the BSE. Best Share Market News, Click Here To Get More News -  Stock Market tips

Rupee opens higher at 69.24 per dollar

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Utilize downsides in the pair to initiate long positions, says ICICIdirect. Indian rupee gained in the early trade on Friday. It opened higher by 10 paise at 69.24 per dollar versus previous close 69.34. On Thursday, the rupee declined 47 paise to end at 69.34 against the US dollar, registered a second straight session of fall. The dollar-rupee April contract on the NSE was at 69.55 in the previous session. April contract open interest rose 9.38 percent in the previous session, said ICICIdirect. We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added. Best Share Market News, Click Here To Get More News - Stock Market tips , for 2 Days Free Trial give a missed call @9424346629 and Get Share Market Services.

Podcast | Stock picks of the day: Midcap stocks to play catch-up to the heavyweights

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Going forward, we expect the midcap stocks to play catch up to the heavyweights. The market witnessed aggressive short covering on Thursday and once again Nifty50 surpassed the crucial hurdle at 11,530 zones. Going forward, if Nifty manages to close above the 11,600 resistance levels, we could expect the index to rally higher towards its previous all-time high zone. Bank Nifty has crucial resistance of rising trendline on the larger time frame chart which is around the 30,500 zones. Fresh leg of the upswing is likely only if the mentioned resistance is broken on a closing basis. Till then we expect the index to marginally consolidate at the current juncture. The Nifty Midcap-100 index has broken out from a classic Flag pattern on the daily chart. The index has also surpassed and sustained above its long term 200-DEMA which was around the 17750 zones. Going forward, we expect the midcap stocks to play catch up to the heavyweights. Here is a list of top