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IL&FS on Friday received binding bids for ten road assets in its domestic roads transportation vertical.  These 10 road assets, that account for a total debt of over Rs. 17,700 crores (nearly 19% of total group debt), received 14 binding bids from multiple bidders. This development represents yet another important milestone in the overall resolution process for IL&FS Group being undertaken by the New Board. The 10 road assets that received binding bids include: * One Green Asset – Jharkhand Infrastructure Implementation Company Limited (JIICL); *Five Amber Assets - Jharkhand Road Projects Implementation Company Limited (JRPICL), Moradabad Bareilly Expressway Limited (MBEL), Chenani Nashri Tunnelway Limited (CNTL), Hazaribagh Ranchi Expressway Limited (HREL), Jorabat Shillong Expressway Limited (JSEL). (JRPICL and MBEL are in the process of being re-classified from Amber to Green on the basis of the restructuring proposals agreed with its lenders)...

Oberoi Realty gained 23 percent along with OBC and HDFC AMC which added 20 percent and 17 percent respectively were the top gainers while RBL Bank and Vodafone Idea were the top losers. Benchmark indices ended the volatile session on the higher note on the first day of the September series with Nifty above 11,000. At close, the Sensex was up 263.86 points at 37,332.79 while Nifty was up 85.60 points at 11,033.90. About 1384 shares have advanced, 1,122 shares declined, and 166 shares are unchanged. Nifty closed above the psychological 11,000-mark and formed a hammer pattern on the daily chart. It also snapped a two-week losing streak and gained 1.8 percent to form a spinning-top pattern on the weekly scale. Here are the top 10 stocks which moved the most this week: Top Gainers Oberoi Realty: up 23 percent The share price of real estate major Oberoi Realty jumped over 23 percent for the week. On August 22, the share price cracked after the company ga...

Going by the sowing figures, the area under turmeric cultivation in the 2019-20 season has shrunk. The golden spice, turmeric, is one the agricultural crops that have been hit by erratic rains in the 2019 monsoon season. Despite this, market participants are cautious. Thus, the price of this spice is not holding above Rs 7,000. One of the reasons for higher prices not persisting is demand-side fundamentals, currently a bleak picture, both in terms of domestic consumption and exports. News sources say that exports to Iran have been at a standstill since May on the expiry of the US-sanctions waiver to India. This has happened after 2018-19's record turmeric exports (more than 120,000 tonnes). Added to this is the actual 2019-20 crop size, it is not as bad as the market was anticipating. In fact, the crop in Nizamabad, one of the major turmeric belts in Telangana, is in very good shape. This area enjoys more than a 20 percent share of total turmeric harvested. Neverthe...

Especially with the weekly expiries now available for trading, deploy a butterfly strategy with a center strike at the expected and empirically proven upper bound or lower bound. Tough times in the market often keep the traders on the fence. The riskiness, especially in Option Trade, is two dimensional with an unfavourable directional move or no move hitting hard. While there are standard strategies defined in the books for dealing with no move or directional move in isolation, none of them deals with both of them simultaneously. Let us examine both these issues and figure out how a modified butterfly turns out to be a cheaper alternative to this peculiar situation. Now, consider a situation where the indices have made at least two similar and proximal highs and lows, giving us an indication that there is a range that the indices might get stuck into. In such a situation, the next round of upward or downward gyration is expected to be played with. For this, a ...

We expect the index to undergo base formation in the broad range of 10,800-11,200 amid stock specific action in the upcoming truncated week, said Dharmesh Shah of ICICI direct. The government walked the talk in August. But, weak global cues, muted earnings from India Inc., corporate governance issues and currency volatility weighed on the sentiment. The Indian market recorded its third consecutive monthly fall, but on a weekly basis. Both Sensex and Nifty closed with gains of around 2 percent. The Nifty50 fell 5.6 percent in July, and 1.12 percent in June 2019. On a monthly basis, the S&P BSE Sensex fell 0.4 percent while the Nifty50 was down by 0.85 percent. However, on a weekly basis, Nifty50 gained 1.79 percent, and the S&P BSE Sensex rose 1.72 percent in August. But, there were more than 50 stocks in BSE500 index which bucked the trend as they rose 10-60 percent in the last month include names like Nestle India, Pidilite Industries, Ceat, Berger Pain...

Rural market, accounting for 45 percent of overall revenue of the FMCG sector, is one of the key contributors to India’s FMCG growth story. FMCG is the fourth largest sector in the Indian economy. According to IBEF, the sector is further expected to grow at a Compound Annual Growth Rate (CAGR) of 27.86 percent to reach $103.7 billion by 2020. The sector is projected to grow 11-12 percent in 2019, as per a CRISIL report. Accounting for a revenue share of around 45 percent, the rural segment is a large contributor to the overall revenue generated by the FMCG sector in India. The FMCG sector is generally categorized into three segments: Food and beverages, healthcare and personal care. The entry of Patanjali into FMCG sector boosted the entire sector and gave it a new direction. In 2018, the supermarkets and hypermarkets distribution channel segment dominated the FMCG market. The growth of this segment is driven by a rise in disposable income and increase in demand for...

The Dow Jones Industrial Average rose 41.03 points, or 0.16%, to 26,403.28, the S&P 500 gained 1.88 points, or 0.06%, to 2,926.46 and the Nasdaq Composite dropped 10.51 points, or 0.13%, to 7,962.88. Wall Street ended the week with a lackluster session on Friday as investors were cautious ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports were due to be levied. While the S&P 500 registered its biggest weekly gain since June, August had its biggest monthly decline since May. Investors had fled risky assets in August due to escalations in the US-China trade war and the inversion of a key part of the US yield curve which is often a recessionary signal. US financial markets were due to stay closed on Monday for the Labor Day holiday and a new round of US tariffs on some Chinese goods were expected to come into effect on Sunday. Trading volume was light as and the S&P swapping between negative and positive territory in the afte...

कॉटन वायदा (अक्टूबर) की कीमतों के 19,500-19,700 रुपये के दायरे में सीमित दायरे में कारोबार करने की संभावना है। धागा मिलों पर कमजोर माँग और कपास की अधिक कीमतों का असर पड़ रहा है। भारत से धागों के निर्यात में कमी के अनेक कारण हैं। वियतनाम जैसे देशों से कम कीमतों पर धागों की उपलब्धता भी एक अहम कारण है। वियतनाम कपास का आयात चीन से करता है, जो काफी कम कीमतों पर कपास बेच रहा है। वैश्विक मोर्चे पर अमेरिका कपास वायदा की कीमतों में बढ़ोतरी हुई है। यूएसडीए के अनुसार अमेरिका कपास की बेहतर निर्यात बिक्री 1,46,000 रनिंग बेल हुई है, जो पिछले हफ्ते की तुलना में 11% कम है। चीन और अमेरिका के बीच व्यापार को लेकर कुछ सकारात्मक बातचीत के कारण आईसीई में कॉटन वायदा की कीमतों 0.46% बढ़ कर 59 सेंट के आस-पास कारोबार कर रही हैं। चना वायदा (सितंबर) की कीमतें 4,000 रुपये के स्तर पर सहारे के साथ कारोबार सकती हैं। नाफेड ने चना की बिक्री के लिए सभी कारोबारियों के प्रस्ताव को रद्द कर दिया है, जिससे बाजार में यह अटकले हैं कि सरकारी एजेंसी बाजार दरों पर चना की बिक्री करेगी। कारोबारियों ने निलामी के तहत अधिकतम 4,00...

प्रमुख आईटी सेवा प्रदाता बहुराष्ट्रीय कंपनी विप्रो (Wipro) ने गूगल क्लाउड (Google Cloud) के साथ साझेदारी का विस्तार किया है। गूगल क्लाउड प्लेटफॉर्म (Google Cloud Platform) या जीसीपी गूगल द्वारा पेश किया गया क्लाउड कंप्यूटिंग सेवाओं का एक सूट है। विप्रो ने वैश्विक उद्यमों के लिए क्लाउड अपनाने और डिजिटल परिवर्तन में तेजी लाने के लिए गूगल क्लाउड के साथ साझेदारी का विस्तार किया है। सॉफ्टवेयर सेवाओं निर्यातक विप्रो ने कहा कि कंपनी के पास जीसीपी पर केंद्रित एक समर्पित व्यवसाय है, जो उद्यमों के लिए व्यापार और प्रौद्योगिकी परिवर्तन (Technology Transformation) में सहयोग करता है। दूसरी ओर बीएसई में विप्रो का शेयर 249.00 रुपये के पिछले बंद स्तर के मुकाबले आज मामूली बढ़ोतरी के साथ 250.00 रुपये पर खुल कर धीरे-धीरे गिरता हुआ 249.20 रुपये तक आया, मगर करीब 10.40 बजे से इसने ऊपर चढ़ना शुरू कर दिया है। करीब 11 बजे विप्रो के शेयरों में 1.65 रुपये या 0.66% की मजबूती के साथ 250.65 रुपये के भाव पर लेन-देन हो रही है। इस भाव पर कंपनी की बाजार पूँजी 1,51,276.29 करोड़ रुपये है। बता दें कि पिछले 52...

The rollover in Nifty for September series stood at 68.76 percent, which was below its quarterly average of 75.34 percent. The August series started with good amount of short rollovers in many stocks and the impact of the same was visible from the start of the series. The benchmark indices continued their selling streak of July series and started correcting from initial days of the August series. The fall was very sharp with Nifty breaching its psychological level of 11,000 and registering a new 6-month low of 10,637. However, due to some recovery in the concluded week, the Nifty trimmed-off some of its intra-month losses and eventually ended the August series with a loss of 2.70 percent over its July expiry close. The fall of last month was supported by good amount of short positions, but most of these positions was not rolled to September series as the open interest (OI) remained flat on a month-on-month basis. The rollover in Nifty for September ser...

Indian shares rose on Friday, in line with broader Asia, as the United States and China returned to resolving their tariff dispute and on hopes that central banks and governments will do more to avert a global growth slowdown. The broader NSE Nifty rose 0.42% to 10,992.55 as of 0409 GMT, while the benchmark BSE Sensex inched 0.42% higher to 37,220.12. Both the indexes were poised to finish the week higher. Broader Asian stock stocks inched higher with sentiments improving after U.S. President Donald Trump said some trade discussions were taking place with China. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1% to its highest since Aug. 23. Domestic investors awaited GDP data for the April-June quarter due later in the day. Metal and mining stocks were the top gainers on the NSE Nifty, with the Nifty metals index rising as much as 1.61%. Of the 15 constituents on the metal index, 14 stocks were trading in the positive territory. The ...

Shares of InterGlobe Aviation Ltd are not very far from their lifetime highs of 1,716 seen on 28 May.  Besides the airline’s stock, at 1,656.25 currently, is nearly 6% above the levels seen before the troubles between its two promoters intensified in July. InterGlobe runs IndiGo, India’s largest airline by market share. Clearly, investor worries about the turbulence at the top appear to have subsided, at least for now. In fact, Tuesday’s annual general meeting concluded on a good note. “The consensus between promoters on ‘related party transaction’ policy and board composition is sentiment-positive," wrote Ansuman Deb of ICICI Securities Ltd in a report on Thursday. Shareholders have approved the alteration of the company’s Articles of Association to increase the board size to 10 from six earlier. IndiGo’s operational performance has remained unaffected by the promoter squabbles so far. This is evident from the impressive June quarter numbers. One brigh...

A Reuters report has said that Hindalco Industries-owned Novelis has agreed to sell its Aleris’ Belgian plant. Shares of Hindalco Industries jumped almost 4 percent on August 30 after media reports said that the company-owned Novelis was set to secure European Union (EU) antitrust approval for its $2.6-billion bid for Aleris. Novelis, which is US-based but owned by India’s Hindalco Industries, agreed to sell Aleris’ Belgian plant to address the European Commission's worries that the deal could reduce competition and lead to higher prices, hitting carmakers, in particular, news agency Reuters quoted sources as saying. Novelis, a world leader in aluminum rolled products and aluminum recycling, is seeking to diversify into aerospace, automotive, beverage can and construction industries. For the June quarter, Hindalco Industries reported a 29 percent year-on-year fall in consolidated profit. Novelis adjusted EBITDA (as per US GAAP) increased 11 percent year-...

The construction of this project is to be completed in 36 months. Shares of PNC Infratech advanced 4 percent intraday on August 30 after the company bagged an order worth Rs 1,062 crore. The company has been declared the lowest bidder for NHAI’s project of construction of 31.7 km long four-lane bypass connecting NH-56 and terminating near Behta Village Road under NHDP Phase-VII on EPC mode for a quoted price of Rs 1062 crore, as per BSE filing. The construction of this project is to be completed in 36 months. The share touched its 52-week high Rs 214.85 and 52-week low Rs 122.70 on 19 August 2019 and 01 October 2018, respectively. Currently, it is trading 16.2 percent below its 52-week high and 46.74 percent above its 52-week low. The share price rose 40 percent in the last 6 months. At 0955 hrs, PNC Infratech was quoting at Rs 180.30, up to Rs 3.55, or 2.01 percent. Best Share Market News, Click Here To Get More News -  Share Market Ti...

HDFC has been gradually paring stake in Gruh to meet RBI conditions for Bandhan Bank merger. Shares of Gruh Finance jumped nearly 8 percent in early trade on August 30 after media reports suggested that HDFC is planning to sell 9.2 percent stake in Gruh Finance. The Economic Times, quoting sources, reported that "HDFC will raise Rs 1,678 crore by selling 9.2 percent in Gruh Finance and the sale of 67.4 million shares is expected to happen at a floor price of Rs 243 to Rs 249 per share in the open market on August 30." HDFC has been gradually paring stake in Gruh to meet RBI conditions for Bandhan Bank merger. The housing finance company has sold over 10 percent in Gruh Finance. The RBI had in March granted its approval for the proposed scheme of amalgamation between Gruh Finance and Bandhan Bank. Around 0930 hours, shares of Gruh were quoting at Rs 262.30, up 5.11 percent while HDFC was up 0.43 percent at Rs 2,137.60 on BSE. Best Share Ma...