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Showing posts from April, 2019

NSE Invest-O-Cast Exclusive Investor Playlist

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India’s famous investor education podcast series now gives you a curated playlist. Hosted by the popular Hrishi K, sit back & handle your finances with all the great investment tips and tricks only on NSE Invest-O-Cast powered. This financial podcast series is helping you exactly how to get started with investing When Rajesh Verma, 26, got his first job, one of many firsts that he did was, making a financial plan. He charted out a list of his aspirations, goals and how much wealth he wanted to create for his pre and post retirement life. To achieve his goal, Verma started reading about sound financial planning, saving, investing, different instruments of investing, risk-reward ratio, how to invest in equities, equities vs traditional investments and more. Like Verma, thousands of early and even seasoned investors look for expert advice and words of wisdom that can help them in understanding the nuances of investing, wealth creation, calculate the real number...

Hero MotoCorp Q4 PAT tanks 25% YoY: should investors buy, sell or hold?

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Citigroup maintained its buy rating on Hero MotoCorp with a buy rating post March quarter results but slashed its target to Rs 3250 from Rs 3350 earlier. Most of the global brokerages maintained their ratings on Hero MotoCorp but Citigroup and CLSA slashed their respective 12-month target prices after the two-wheeler maker reported 25 percent YoY fall in the net profit to Rs 730.32 crore as against Rs 967.4 crore in the same period last year. Revenue from operations fell 7.92 percent to Rs 7,885 crore year-on-year. Hero MotoCorp sold 17.81 lakh units in January-March quarter 2019, lower than 20.01 lakh units sold in the corresponding period last fiscal. Numbers are largely in line with estimates. CNBC-TV18 poll estimates for profit were Rs 727.5 crore on revenue Rs 7,763 crore for the quarter. At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) plunged 22 percent year-on-year to Rs 1,069.3 crore in Q4. Margin co...

ABB India`s valuation is racing ahead of its earnings growth forecasts

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ABB India Ltd’s shares have risen about 22% since end-February. It seems investors’ fear of a drop in revenue and profit, following the sale of parent ABB’s global power grid business to Japan’s Hitachi Ltd, have been allayed. Remember the shares had fallen about 13% when the blockbuster $11 billion deal was announced in December. So, what has changed since February? One positive is that the Swiss-Swedish parent’s plan to sell the business through a demerger is now being seen as a transparent mechanism. This eliminates the fear of undervaluation of the India business, since the subsequent listing of the demerged entity will have a market-determined valuation. A demerger also avoids high tax outflows, which would have occurred in the case of a direct slump sale. A report by JM Financial Services Ltd cites the examples of Crompton Greaves (split into CG Power and Crompton Consumer) and Areva T&D (split into Alstom T&D and Schneider Electric) as precedents....

Global investors in talks to invest in India`s Reliance Jio infra investment trusts.

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Global investors are in talks with Reliance Industries Ltd to invest in two infrastructure investment trusts set up to own Reliance Jio's tower and fibre assets, the Economic Times newspaper reported on Tuesday, citing people aware of the matter. Reliance, once dependent on its industrial businesses, reshaped the Indian telecoms industry when it launched its Jio telecoms unit in 2016, taking on rivals such as Bharti Airtel and Vodafone Idea with its cut-throat pricing. Canadian pension funds CPPIB, Ontario Municipal Employees' Retirement System (OMERS), British Columbia Pension Corporation (BCPC), sovereign wealth fund Abu Dhabi Investment Authority (ADIA), investment firms Mubadala and Singapore's GIC, and Germany's Allianz SE are among the potential investors, the newspaper reported. Earlier this month, Reliance transferred its fibre and tower undertakings to separate companies to move liabilities worth 1.07 trillion rupees ($15.33 billion) out of ...

Gold gains as disappointing China data bruises Asia stocks

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Gold rose on Tuesday as a lacklustre Chinese manufacturing activity data pushed Asian shares down, rekindling concerns about the health of the global economy. Meanwhile, investors braced for a raft of euro zone data and U.S. Federal Reserve's two-day policy meeting, which begins later in the day. Spot gold was up 0.2 percent at $1,282.08 per ounce at 0318 GMT. U.S. gold futures were up 0.2 percent at $1,283.90 an ounce. "There is a broad bearish sentiment across Asia market opening this morning as a very disappointing China manufacturing PMI triggered a sell-off in currencies and emerging markets and equity markets," said Margaret Yang, an analyst with CMC Markets in Singapore. Reading on the official Purchasing Managers' Index (PMI) in for manufacturing unexpectedly fell to 50.1 in April from March's reading of 50.5 stoking concerns about the economic state of China and pressuring Asian equities lower. Gold is generally used by investo...

US to ensure adequate oil supplies in global market: Mike Pompeo

US Secretary of State Mike Pompeo said that the US would seek to stabilise global oil market after Washington's decision not to extend sanctions waivers for Iran oil purchase. "We are convinced we can make sure the markets are adequately supplied. We are continuing to work on that," Xinhua quoted Pompeo as saying to the audience during an event by The Hill news outlet on Monday. The US would cooperate with other alternative suppliers home and abroad on the matter, he added. The Trump administration announced on April 22 that the US sanctions would be reimposed on all countries that import Iranian oil since May 2, leading to turbulence in global oil markets. US President Donald Trump urged the Organization of the Petroleum Exporting Countries (OPEC) and top oil supplier Saudi Arabia to lower oil price on Friday. "Gasoline prices are coming down. I called up OPEC, I said you've got to bring them down. You've got to bring them down," T...

Why M&M Financial Services` steady performance didn`t impress investors

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For all the troubles non-banking financial companies (NBFCs) have faced in the past one year, Mahindra and Mahindra Financial Services Ltd (MMFSL) has done well to report profit growth before provisions and tax of 28% year-on-year for the March quarter. But investors seemed hardly impressed with the results of the firm, which is engaged primarily in financing the purchase of new and pre-owned vehicles, construction equipment and SME (small and medium-sized enterprises) financing. MMFSL’s shares have declined 4.5% after the company declared its March quarter results last week. Despite decent profit growth, investors appear worried about the lack of growth in disbursements. Total disbursements for the March quarter declined by about 1% year-on-year. “Since the onset of the liquidity crisis in Sep’18, MMFSL has curtailed SME disbursements, which were experiencing over 30% growth rates up until 2QFY19," said analysts at JM Financial Institutional Securities Ltd. Th...

HDFC Life outperforms peers, SBI Life gives tough fight on valuations

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HDFC Life Insurance Co. Ltd’s profitability metrics for FY19 outshone those of its closest rivals SBI Life Insurance Co. Ltd and ICICI Prudential Life Insurance Co. Ltd. HDFC Life reported growth of 13% in annualized premium equivalent (APE), slower than its past performance. But its rival ICICI PruLife reported no growth at all. SBI Life did marginally better with 14% growth in APE.. But its value of new business margin of 24.6% was superior compared with SBI Life’s 17.7% and ICICI PruLife’s 17%. But there is no secret sauce here. All insurers have realized that growing the margin-friendly protection business is key to better profitability. HDFC Life has just been more successful than others in pushing plain term plans. In FY19, more than a quarter of its new business came from selling plain protection products. ICICI PruLife is far behind with a share of 9.3%, while SBI Life had 12% of new business coming from term plans. So, why are analysts wary on HDFC Li...

Ambuja Cements to report Q4 earnings today; here's what brokerages are expecting

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Emkay Global Financial Services expects Ambuja Cements to report volume growth of 4 percent YoY. It remains underweight on Ambuja Cements. Cement major Ambuja Cementsis scheduled to report its March quarter earnings on April 30. According to Prabhudas Lilladher, the company is expected to report net profit of Rs 312 crore, up 14.8 percent year-on-year, (up 29.2 percent quarter-on-quarter). Net Sales is expected to increase 6.9 percent Y-o-Y (up 6.9 percent Q-o-Q) to Rs 2,954.5 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to jump 12.1 percent Y-o-Y (up 49.5 percent Q-o-Q) to Rs. 456.7 crore, the report added. ICICIdirect expects Ambuja Cements to report net profit of Rs 294.8 crore up 8.5 percent year-on-year (down 45.1 percent quarter-on-quarter). Net Sales is expected to increase 4.6 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs 2,995.2 crore. EBITDA is likely to rise 1.7 percent Y-o-Y (up 27.7 percent Q-o-Q) to Rs 515.8...

A morning walk down Dalal Street | Nifty must breach 11,800 for bullish sentiment to continue

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Nifty closed above 11,750 and formed bullish candle on daily charts. The index has to clear its immediate hurdle of 10,800 for the bullish sentiment to continue. Last week was volatile for Indian market. The S&P BSE Sensex closed 0.19 percent lower while the Nifty50 closed flat with a positive bias for the week ended April 26. Bulls bounced back on D-Street in the final hours of trade which pushed the S&P BSE Sensex above 39,000 while Nifty50 managed to reclaim 11,700-11,750 levels on a closing basis on April 26, which is a positive sign Recovery in the rupee, fall in crude oil prices (below $72/bbl), strong rollovers for May series, and stable earnings so far are some of the factors that pushed market higher. In terms of sectors, metals, banks, oil & gas, and energy stocks rose 1-2% each while profit taking was seen in the auto, consumer durable, and telecom stocks. The March quarter earnings were largely in-line with estimates barring few which...

Rupee opens higher at 69.84 per dollar

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Today, USD-INR pair is expected to quote in the range of 69.70 and 70.30-70.50. The Indian rupee gained in the early trade on Tuesday. It opened higher by 17 paise at 69.84 per dollar on Monday versus 70.01 Friday. Rupee consolidated in a narrow range ahead of the important US GDP number and after global crude oil prices witnessed some retracement from higher levels. In the recent past, crude oil prices rallied but expectation of increased supply output from OPEC capped major gains for the commodity. On the domestic front, market participants will be keeping an eye on fiscal number to gauge a view for the rupee. But major crosses will be taking cues from the FOMC policy statement that is scheduled tomorrow. Expectation is that the central bank could main a status quo but what the stance will be going ahead for the Fed could trigger a move for the currency. Today, USD-INR pair is expected to quote in the range of 69.70 and 70.30-70.50, it added. Best Share Mark...

Podcast | Stock picks of the day: 'Nifty likely to be in 11,549-11,856 range; avoid aggressive positions'

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Traders are advised not to take any aggressive positions till the time we remain trapped in the mentioned range. At such time, a stock-centric approach becomes the more pragmatic approach. Last week, Nifty clocked a new record high of 11,856.15. However, it turned out to be a formality as there was no follow-up momentum seen to extend the rally. On April 26, market gave a hint of profit booking and a similar sort of decline was seen on the first day of the week gone by. Some macro factors like Brent Crude rising beyond its key levels of $73-74 weighed heavily on traders’ sentiments. Fortunately for us, the damage was not as severe as it looked like at one moment. Due to some smart recovery in the latter half, Nifty managed to reclaim the 11,700 mark at the end of the week. There is a famous saying, all’s well that ends well and it goes perfectly with last week’s price development. Firstly, we successfully managed to defend the key support of 11,549 and then ...

рдХрдИ рдм्рд▓ू рдЪिрдк рдХंрдкрдиिрдпों рдоें 51% рд╕े рдХрдо рд╣ो рд╕рдХрддी рд╣ै рд╕рд░рдХाрд░ рдХी рд╣िрд╕्рд╕ेрджाрд░ी

рдЦрдмрд░ों рдХे рдЕрдиुрд╕ाрд░ рдЪाрд▓ू рд╡िрдд्рдд рд╡рд░्рд╖ рдХे рд▓िрдП рд░рдЦे рдЙрдЪ्рдЪ рд╡िрдиिрд╡ेрд╢ рд▓рдХ्рд╖्рдп рдХो рдкूрд░ा рдХрд░рдиे рдХे рд▓िрдП рдХेंрдж्рд░ рд╕рд░рдХाрд░ рдиे рдЪुрдиिंрджा рдм्рд▓ू рдЪिрдк рдХंрдкрдиिрдпों рдоें рдЕрдкрдиी рд╣िрд╕्рд╕ेрджाрд░ी рдШрдЯाрдиे рдХा рдк्рд░рд╕्рддाрд╡ рд░рдЦा рд╣ै। рд╣ाрд▓ाँрдХि рдЗрд╕рд╕े рд╕рд░рдХाрд░ рдХी рдЗрди рдХंрдкрдиिрдпों рдоें рд╣िрд╕्рд╕ेрджाрд░ी 51% рд╕े рдХрдо рд╣ो рд╕рдХрддी рд╣ै। рдХेंрдж्рд░ीрдп рд╕ाрд░्рд╡рдЬрдиिрдХ рдХ्рд╖ेрдд्рд░рдХ рдЙрдж्рдпрдо (рд╕ीрдкीрдПрд╕рдИ) рд╣ोрдиे рдХे рд▓िрдП рдХंрдкрдиी рдоें рд╕рд░рдХाрд░ рдХी 51% рд╣िрд╕्рд╕ेрджाрд░ी рд╣ोрдиा рдЬрд░ूрд░ी рд╣ै। рдЦрдмрд░ рдоें рдиिрд╡ेрд╢ рдФрд░ рд╕ाрд░्рд╡рдЬрдиिрдХ рд╕ंрдкрдд्рддि рдк्рд░рдмंрдзрди рд╡िрднाрдЧ (рдбीрдЖрдИрдкीрдПрдПрдо) рдХे рдЕрдзिрдХाрд░िрдпों рдХे рд╣рд╡ाрд▓े рд╕े рдХрд╣ा рдЧрдпा рд╣ै рдХि рдЬрд▓्рдж рд╣ी рдмाрдЬाрд░ рдиिрдпाрдордХ рд╕ेрдмी (SEBI) рдХे рдбिрдлрд░ेंрд╢िрдпрд▓ рд╡ोрдЯिंрдЧ рд░ाрдЗрдЯ्рд╕ (рдбीрд╡ीрдЖрд░) рдкрд░ рдиीрддि рджिрд╢ाрдиिрд░्рджेрд╢ рдЬाрд░ी рдХрд░рдиे рдХी рдЙрдо्рдоीрдж рд╣ै, рдЬिрд╕рд╕े рдиिрдпंрдд्рд░рдг рдХрдордЬोрд░ рдкрдб़े рдмिрдиा рдк्рд░рдоोрдЯрд░ рдкूँрдЬी рдЬुрдЯा рд╕рдХेंрдЧे। рдЗрд╕ рдиिрдпрдо рдХे рд▓ाрдЧू рд╣ोрдиे рдкрд░ рд╕рд░рдХाрд░ рдиिрдпंрдд्рд░рдг рдЦोрдпे рдпा рдХिрд╕ी рдХंрдкрдиी рдХे рдкीрдПрд╕рдпू рд╕्рд╡рд░ूрдк рдХे рдмрджрд▓े рдмिрдиा рд╕ीрдкीрдПрд╕рдИ рдЗрдХाрдЗрдпों рдоें рдЙрдЪ्рдЪ рд╣िрд╕्рд╕ेрджाрд░ी рдмेрдЪрдиे рдкрд░ рд╡िрдЪाрд░ рдХрд░ рд╕рдХेрдЧी। рдЗрд╕ рд╕рдордп рджो рджрд░्рдЬрди рд╕े рдЬ्рдпाрджा рд╕ीрдкीрдПрд╕рдИ рд╣ैं, рдЬिрдирдоें рд╕рд░рдХाрд░ рдХी рдХрд░ीрдм 60% рдпा рдЗрд╕рд╕े рдХрдо рд╣िрд╕्рд╕ेрджाрд░ी рд╣ै। рдЗрдирдоें рдХрдИ рдорд╣ाрд░ाрдд्рди рдФрд░ рдирд╡рд░рдд्рди рдХंрдкрдиिрдпाँ рд╣ैं, рдЬिрдирдоें рдЗंрдЬीрдиिрдпрд░्рд╕ рдЗंрдбिрдпा (52%), рдЗंрдбिрдпрди рдСрдпрд▓ (52.18%), рднाрд░рдд рдкेрдЯ्рд░ोрд▓िрдпрдо (53.29), рдЧेрд▓ рдЗंрдбिрдпा ...

Maruti`s plan to phase out diesel vehicles puts suppliers on edge

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Bosch Ltd, Continental AG and other vendors to Maruti Suzuki India Ltd are facing business uncertainties following the car maker’s decision to abandon making diesel vehicles from next April. Those affected are the key engine parts suppliers to diesel powertrains used by India’s largest carmaker in its diesel vehicles, at least four people with knowledge of the matter said. These companies are undergoing a churn in their order books and production plans following Maruti’s decision, the people said, requesting anonymity. “For Bosch, this is a big blow. The common rail system was a key contributor to our powertrain business in India. Suzuki had hinted us about its plan six-eight months ago. Although this will result into big revenues losses, the company will seek new gasoline-engine specific orders to compensate for the lost business. You will also see a transition in Bosch’s focus, which is now shifting towards electric mobility," a senior official from Bosch said, req...

High crude oil prices just one worry for India; let`s not ignore the other risks

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For a country that imports the lion’s share of its oil requirements, high prices are never good news. So, when Brent crude prices rose to over $75 a barrel, there was some worry on the Street. NSE’s volatility index (India VIX), often referred to as a fear gauge, surged to a three-year high of 24.6 on Tuesday. Analysts said this was due to a combination of high oil prices and the anxiety surrounding the ongoing general elections. Also, the rupee breached the 70 mark against the dollar. While oil prices have receded to about $72.15 a barrel, it must be noted that they are about 34% higher so far this year. The rise in oil comes against the backdrop of unimpressive corporate results, low job creation, a slowdown in domestic consumption, fears of a subpar monsoon and muted private sector capital expenditure (capex). Election-related nervousness has kept Indian equities volatile. Even so, the S&P Nifty 50 index has increased by about 8.21% so far this year. Cl...

SBI moves to invoke Essar Steel Promoters` personal guarantees of Rs 15K cr

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The State Bank of India on Monday filed a recovery suit against Prashant and Ravi Ruia, before the Debt Recovery Tribunal (DRT) here in Gujarat. Essar Steel Lenders led by the SBI are saddled with dues of over Rs 63,000 crore, including overdue interest and penalties.  The SBI will receive only a part of its dues as per ArcelorMittal's IBC Resolution Plan of only Rs 42,000 crore -- leaving lenders with balance dues of over Rs 20,000 crore, comprising principal, overdue interest and penalties. The SBI sought the attachment of global assets of Ruias to recover its balance Essar Steel dues, through debt recovery proceedings at the DRT. The bank hopes to recover its balance dues from Promoters Prashant Ruia and Ravi Ruia, by seeking attachment of their personal global assets The move to invoke the personal guarantees of the Ruias had started about six to eight months ago. A decree from the DRT would lead to the attachment on all personal assets of Ruias ...

рдХрд░ рдЪोрд░ी рдкрд░ рд▓рдЧाрдо рд▓рдЧाрдиे рдХे рд▓िрдП рд╕рд░рдХाрд░ рдХी рдЬीрдПрд╕рдЯी (GST) рдИ-рдЪाрд▓ाрди рд╢ुрд░ू рдХрд░рдиे рдХी рдпोрдЬрдиा

рдЦрдмрд░ों рдХे рдЕрдиुрд╕ाрд░ рдХрд░ рдЪोрд░ी рд░ोрдХрдиे рдХे рд▓िрдП рдХेंрдж्рд░ рд╕рд░рдХाрд░ рдЬीрдПрд╕рдЯी (GST) рдИ-рдЪाрд▓ाрди-рдк्рд░рдХ्рд░िрдпा (E-Invoicing) рд╢ुрд░ू рдХрд░ рд╕рдХрддी рд╣ै। рдЬीрдПрд╕рдЯी рдкрд░िрд╖рдж (GST Counsil) рдиे рдИ-рдЪाрд▓ाрди рдХी рд╡्рдпрд╡рд╣ाрд░्рдпрддा рдкрд░рдЦрдиे рдХे рд▓िрдП рдПрдХ рд╕рдоिрддि рдХा рдЧрдарди рдХिрдпा рд╣ै। рдпрд╣ рд╕рдоिрддि рджрдХ्рд╖िрдг рдХोрд░िрдпा рдФрд░ рдХुрдЫ рд▓ैрдЯिрди рдЕрдоेрд░िрдХी рдЬैрд╕े рджेрд╢ों рдоें рдЗрд╕ рд╕िрд╕्рдЯрдо рдХा рдЕрдз्рдпрдпрди рдХрд░ेрдЧी। рдХрд░ рд╡िрд╢ेрд╖рдЬ्рдЮों рдХे рдоुрддाрдмिрдХ рдИ-рдЪाрд▓ाрди рдХрд░ рдЪोрд░ी рд╕े рдиिрдкрдЯрдиे рдоें рдХाрд░рдЧрд░ рд╕ाрдмिрдд рд╣ो рд╕рдХрддा рд╣ै। рдЬीрдПрд╕рдЯी рдкрд░िрд╖рдж рдиे рдпрд╣ рдХрджрдо рдХрд░ рдЪोрд░ी рдХे рдмрдв़рддे рдоाрдорд▓ों рдХे рдХाрд░рдг рдЙрдаाрдпा рд╣ै। рдЗрд╕рд╕े рдкрд╣рд▓े рдЬीрдПрд╕рдЯी рдкрд░िрд╖рдж рдиे рдХрд░ рдЪोрд░ी рдкрд░ рдирдХेрд▓ рдХрд╕рдиे рдХे рд▓िрдП 'рдЗрд▓ेрдХ्рдЯ्рд░ॉрдиिрдХ рд╡े рдмिрд▓' (рдИ-рд╡े) рд╢ुрд░ू рдХрд░рдиे рдЬैрд╕े рдХрдИ рдЙрдкाрдп рдХिрдпे рд╣ैं। рдЦрдмрд░ рд╣ै рдХि рдИ-рдЪाрд▓ाрди рдк्рд░рдХ्рд░िрдпा рдЖрдиे рд╡ाрд▓े рд╕рдордп рдоें рдИ-рд╡े рдмिрд▓ рдк्рд░рдгाрд▓ी рдХी рдЬрдЧрд╣ рд▓े рд▓ेрдЧी, рдХ्рдпोंрдХि рдИ-рдЪाрд▓ाрди рд╕рд░рдХाрд░ рдХे рдХेंрдж्рд░ीрдХृрдд рдкोрд░्рдЯрд▓ рд╕े рд╣ी рдоिрд▓ рд╕рдХेंрдЧे। рд╣ाрд▓ाँрдХि рднрд╡िрд╖्рдп рдоें рдХाрд░ोрдмाрд░िрдпों рдХो рдмिрдХ्рд░ी рдХे рдкूрд░े рдоूрд▓्рдп рдХे рд▓िрдП рдкूрд░्рдг рдЗрд▓ेрдХ्рдЯ्рд░ॉрдиिрдХ-рдЯैрдХ्рд╕ рдЗрдирд╡ॉрдЗрд╕ рдпा рдИ-рдЪाрд▓ाрди рдХी рдЖрд╡рд╢्рдпрдХрддा рд╣ोрдЧी। рдоौрдЬूрджा рд╕рдордп рдоें 50,000 рд░ुрдкрдпे рд╕े рдЕрдзिрдХ рдХे рд╕ाрдоाрди рдХे рд▓िрдП рдИ-рд╡े рдмिрд▓ рдХी рдЬрд░ूрд░рдд рд╣ोрддी рд╣ै। рдИ-рдЪाрд▓ाрди рдиिрдХाрд▓рдиे рдпा рдЬрдирд░ेрдЯ рдХрд░рдиे рдХा рддрд░ीрдХा рдЬीрдПрд╕рдЯी рдкोрд░्рдЯрд▓ рдкрд░ рдИрд╡ेрдмिрд▓.рдПрдирдЖрдИрд╕ी.рдЗрди (ewaybill.nic.in) рдк...

рдЯीрд╡ीрдПрд╕ рдоोрдЯрд░ (TVS Motor) рдХी рдЗрдХाрдИ рдиे рдкुрдгे рдоें рд╕्рдеिрдд рд╕्рдЯाрд░्рдЯ-рдЕрдк рдоें рдХिрдпा рдиिрд╡ेрд╢

рдкुрдгे рдоें рд╕्рдеिрдд рдФрдж्рдпोрдЧिрдХ рдЗंрдЯрд░рдиेрдЯ рдСрдл рдеिंрдЧ्рд╕ (рдЖрдИрдУрдЯी) рдХंрдкрдиी рдРрд▓्рдЯीрдЬॉрди (Altizon) рдиे рд╡ाрд╣рди рдиिрд░्рдоाрддा рдЯीрд╡ीрдПрд╕ рдоोрдЯрд░ (TVS Motor) рдХी рд╕िंрдЧाрдкुрд░ рд╕्рдеिрдд рд╕рд╣ाрдпрдХ рдХंрдкрдиी рд╕рд╣िрдд рдХрдИ рдиिрд╡ेрд╢рдХों рд╕े 70 рд▓ाрдЦ рдбॉрд▓рд░ рдЬुрдЯाрдпे рд╣ैं। рдРрд▓्рдЯीрдЬॉрди рдоें рдиिрд╡ेрд╢ рдХрд░рдиे рд╡ाрд▓ी рдЕрди्рдп рдХंрдкрдиिрдпों рдоें рдж рд╣ाрдЗрд╡ (The Hive), рд╡िрдк्рд░ो рд╡ेंрдЪрд░्рд╕ (Wipro Ventures) рдФрд░ рд▓्рдпूрдоिрд╕ рдкाрд░्рдЯрдирд░्рд╕ (Lumis Parners) рд╢ाрдоिрд▓ рд╣ैं। рдЬुрдЯाрдпी рдЧрдпी рдкूँрдЬी рд╕े рдРрд▓्рдЯीрдЬॉрди рдХी рдЕрдкрдиी рдЕंрддрд░рд░ाрд╖्рдЯ्рд░ीрдп рдЙрдкрд╕्рдеिрддि рдХो рдордЬрдмूрдд рдХрд░рдиे рдФрд░ рдмौрдж्рдзिрдХ рд╕ंрдкрджा (рдЖрдИрдкी) рдХे рд╡िрдХाрд╕ рдоें рдЕрдкрдиे рдиिрд╡ेрд╢ рдХो рдЬाрд░ी рд░рдЦрдиे рдХी рд╣ै। рдРрд▓्рдЯीрдЬॉрди рдХे рдбेрдЯोрдиिрд╕ рдЗंрдбрд╕्рдЯ्рд░िрдпрд▓ рдЖрдИрдУрдЯी рдк्рд▓ेрдЯрдлॉрд░्рдо рдХा рдЙрдкрдпोрдЧ рдЗंрдЯेрд▓िрдЬेंрдЯ рдПрдЬ рдХंрдк्рдпूрдЯिंрдЧ рд╕े рд▓ेрдХрд░ рд╡्рдпाрд╡рд╕ाрдпिрдХ рдРрдк्рдкрд▓िрдХेрд╢рди рддрдХ рд╕्рдоाрд░्рдЯ рдиिрд░्рдоाрдг рдХे рд▓िрдП рдХिрдпा рдЬाрддा рд╣ै। 2013 рдоें рд╢ुрд░ू рдХी рдЧрдпी рдРрд▓्рдЯीрдЬॉрди рдкрд╢्рдЪिрдоी рдпूрд░ोрдк, рдПрд╢िрдпा рдк्рд░рд╢ांрдд рдФрд░ рдЕрдоेрд░िрдХा рдоें рдоौрдЬूрдж рд╣ै। рдХंрдкрдиी рдХा рджाрд╡ा рд╣ै рдХि рдЗрд╕рдиे 100 рд╕े рдЕрдзिрдХ рдЙрдж्рдпोрдЧों рдХा рдПрдХ рд╡ैрд╢्рд╡िрдХ рдкाрд░िрд╕्рдеिрддिрдХी рддंрдд्рд░ рдмрдиाрдпा рд╣ै। рджूрд╕рд░ी рддрд░рдл рдмीрддे рд╢ुрдХ्рд░рд╡ाрд░ рдХो рдмीрдПрд╕рдИ рдоें рдЯीрд╡ीрдПрд╕ рдоोрдЯрд░ рдХा рд╢ेрдпрд░ 11.00 рд░ुрдкрдпे рдпा 2.13% рдХी рдХрдордЬोрд░ी рдХे рд╕ाрде 506.40 рд░ुрдкрдпे рдХे рднाрд╡ рдкрд░ рдмंрдж рд╣ुрдЖ। рдЗрд╕ рднाрд╡ рдкрд░ рдХंрдкрдиी рдХी рдмाрдЬाрд░ рдкूँрдЬी 24,058.41 рдХрд░ोрдб़ рд░ुрдкрдпे рд╣ै। ...

India VIX up 40% in April; will Nifty be able to scale the 12,000 level in May?

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We have limited upside but there is strong support near 11,550-11,500 levels in case market started heading south. Nifty has gained a little over 1 percent this month so far while making a lifetime high of 11,856 on April 18. But if experts are to be believed, the psychological level of 12,000 is achievable but there are some hurdles. The rollover data for May series was over 80 percent — higher than 3-month average and best rollover since September 2016. This suggests most of the long positions were rolled over. Another factor that will be very prominent in the May series is volatility. India VIX index is up 40 percent so far in April. Historically we have seen that there is a negative correlation between the VIX and the price of the underlying asset. India VIX is a volatility index based on the Nifty Index Options prices. The index indicates the expected market volatility over the next 30 calendar days. The index closed at 21.45 on April 26, a multi-year h...