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Showing posts from September, 2019

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 pe...

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. Best Share Market New...

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 स...

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। Best Share Market News, Click Here To Get More News -  Share Market Tips, Stock Market Tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

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 plane...

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 v...

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, t...

Top buy and sell ideas

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Buying Apollo Tyres with the target at Rs 185 and stop loss at Rs 172 and Bharat Electronics with target at Rs 115 and stop loss at Rs 104. After a subdued start, the market slipped in the red and traded with negative bias in the first half. However, it managed to pull back from the lows and ended the session higher. Sensex closed 162 points, or 0.44 percent, higher at 36,724.74, with 18 stocks in the green. The Nifty index logged a gain of 47 points or 0.43 percent to settle at 10,844.65, with 30 stocks ending in the positive. Midcaps and small caps underperformed Sensex as their sectoral indices on BSE climbed up to 0.29 percent. The index is still trading below crucial short term moving averages and despite the bounce, the trend is still negative, suggest experts. Traders are advised to trade with strict stop losses as long as the index trades above 10,756-10637 levels. According to the pivot charts, the key support level is placed at 10,774.4, follow...

Podcast | Stock picks of the day: Nifty may trade between 10,800 & 11,200 in September series

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In case the Nifty breaks below 10,800 and sustains there a couple of times on a closing basis then selling pressure could take the index towards 10,640-10,500 levels. The Nifty witnessed a relief rally on September 4 after the sell-off seen in the previous session. The index reclaimed 10,800 on a closing basis on September 4. Of the Nifty constituents, around 13 stocks are trading above their 50-DMA and 15 stock are sustaining above their 200-DMA. This indicates that the market is in a bear grip as majority of the stocks are trading below the short and long term moving averages. On the higher side, 11,150 Nifty is seen as a supply zone. Currently, the Nifty pack is trading between its 50-EMA and 100-EMA, which is placed at 11,200 and 10,800, respectively, on the weekly timeline. The Nifty is largely trading in a tight 400 points range (10,800-11,200), with RSI moving around 38, projecting a downward picture. History suggests that from November 2018 to ...

06 सितंबर को आंध्र बैंक (Andhra Bank) का बोर्ड करेगा विलय पर विचार

आंध्र बैंक (Andhra Bank) के शेयर में 2% से ज्यादा की कमजोरी देखने को मिल रही है। शुक्रवार 06 सितंबर को आंध्र बैंक के निदेशक मंडल की बैठक होने जा रही है, जिसमें सरकार द्वारा प्रस्तावित आंध्र बैंक, कॉर्पोरेशन बैंक (Corporation Bank) और यूनियन बैंक ऑफ इंडिया (Union Bank of India) के विलय पर विचार किया जायेगा। इन तीनों बैंकों के विलय से 14.59 लाख करोड़ रुपये के कारोबार और 9,609 शाखाओं वाला बैंक तैयार होगा। बता दें कि हाल ही में केंद्रीय वित्त मंत्री निर्मला सीतारमण ने 10 सरकारी बैंकों के आपस में विलय का ऐलान किया, जिसके बाद 10 की जगह केवल 4 बैंक वजूद में रह जायेंगे। बीएसई में आंध्र बैंक का शेयर 19.90 रुपये के पिछले बंद भाव की तुलना में मजबूती के साथ 20.10 रुपये पर खुला। मगर शुरुआत में ही यह लाल निशान में पहुँच गया और साढ़े 10 बजे के करीब 19.30 रुपये के निचले स्तर तक फिसला। करीब सवा 11 बजे बैंक के शेयरों में 0.45 रुपये या 2.26% की कमजोरी के साथ 19.45 रुपये पर कारोबार हो रहा है। इस भाव कंपनी की बाजार पूँजी 5,804.83 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 34.85 रुपये और निचला ...

एचसीएल टेक खरीदें और हिंडाल्को बेचें

आईसीआईसीआई डायरेक्ट (ICICI Direct) ने आज बुधवार के कारोबार में एचसीएल टेक (HCL Tech) में खरीदारी और हिंडाल्को (Hindalco) में बिकवाली की सलाह दी है। - एचसीएल टेक (1,111) सितंबर फ्यूचर को 1116.00-1118.00 रुपये के बीच खरीदें - पहला लक्ष्य 1125.6 रुपये, दूसरा लक्ष्य 1138.4 रुपये - घाटा काटने का स्तर (स्टॉप लॉस) 1108.4 रुपये - हिंडाल्को (178.3) सितंबर फ्यूचर को 177.50-178.00 रुपये के बीच बेचें - पहला लक्ष्य : 176 रुपये, दूसरा लक्ष्य 173.5 रुपये - घाटा काटने का स्तर : 179.5 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। Best Share Market News, Click Here To Get More News -  Share Market Tips, Stock Market Tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Oil prices recover some ground, but economic concerns weigh

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Oil prices recovered some ground on Wednesday after touching their lowest in close to a month during the previous session on concerns that a weakening global economy could depress demand. Brent crude was up 12 cents, or 0.21%, at $58.38 a barrel by 0425 GMT, while U.S. West Texas Intermediate futures gained 20 cents, or 0.37%, at $54.14 a the barrel. Oil prices sunk to a nearly one-month low on Tuesday following data that showed U.S. manufacturing activity in August contracted for the first time in three years and eurozone manufacturing activity contracted for a seventh month in August. But global markets bounced on Wednesday after a private survey showed that activity in China's services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in over a year. China is the world's second-largest oil consumer and the largest importer. "Given the tumble that we saw overnight it'...

Gold steady near six-year high on growing recession fears

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Gold held steady on Wednesday after rising 1% in the previous session, with prices hovering near a more than six-year high on heightened fears of a global recession following weak U.S. data, the prolonged Sino-U.S. trade spat and Brexit uncertainties. Spot gold slipped 0.2% to $1,543.02 per ounce at 0407 GMT, but near last week's $1,554.56, its highest since April 2013. U.S. gold futures were also down 0.2% at $1,552.4 an ounce. Spot silver was up 0.7% to $19.37 per ounce, after hitting $19.57 earlier, its highest since September 2016. With no agreement on the U.S.-China trade front, investors remain nervous, said Michael McCarthy, chief market strategist at CMC Markets, adding that uncertainties following a parliamentary vote in the UK are a positive for gold. British lawmakers defeated Boris Johnson in parliament on Tuesday in a bid to prevent him taking the country out of the EU without a divorce agreement, prompting the prime minister to announce th...

Tata Motors extends fall, down 5%; possible contra buy at current levels

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The management of Tata Motors is hopeful of recovery in auto sales after the recent measures introduced by the government. A day after falling more than 3 percent, Tata Motors extended its decline on September 4 after the automaker reported a 58 percent decline in domestic passenger vehicle sales in August. The company sold 7,316 units against 17,351 vehicles in the same month in 2018, Tata Motors said in a statement. Shares of the global automaker plunged 5 percent intraday trade on Wednesday and were trading near its 52-week low of Rs 106.20. Tata Motors is already down more than 30 percent in 2019, weighed down poor domestic and JLR sales globally. Tata Motors commercial vehicles business unit president Girish Wagh said subdued demand sentiment due to poor freight availability, lower freight rates and a slowdown in the economy continued to hamper the demand for commercial vehicles. “We are looking forward to a positive impact of the recently announc...

Nifty, Sensex tepid on slowdown concerns; Tata Motors drags

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Indian shares were subdued on Wednesday as index heavyweights lagged amid weak global cues, following a sharp slump in the previous session due to heavy foreign outflows from capital markets. The broader NSE Nifty was down 0.27% at 10,769 as of 0519 GMT, while the benchmark BSE Sensex was 0.21% lower at 36,484.86. Domestic stock markets and the rupee had plunged on Tuesday after data last week showed the economy grew at its weakest pace in over six years. Foreign investors pulled out 20.16 billion rupees ($281.99 million) from capital markets on Tuesday, according to NSE data. Trade sentiment globally remained subdued after data showed the U.S. manufacturing sector contracted in August for the first time since 2016 amid worries about a weakening global economy and rising trade tensions between China and the United States. "As far as the domestic economy is concerned, the news flow is all negative, with growth concerns worsened by weak auto sales," ...

Vision set for global scale PSU banks in India

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Reduction in the cost of borrowing and improved income opportunities will boost revenues and can increase the bottom line of the new entities. In the latest episode of the mini-budget press meet series, Finance Minister Nirmala Sitharaman announced another major measure towards making India a $5-trillion economy. To create global sized banks, the merger of 10 public-sector banks (PSBs) into four entities was announced so that the struggling sector is streamlined, revived and rejuvenated. From a global perspective, we don’t have a single bank among the Top 20. For example, five biggest banks of China, which find a place in the Top 20 list, have contributed to growth in all major sectors. Lower funding costs and technological scalability of large banks assure that banking services are accessible to the last person. Post mergers, more than 80 percent of the PSB business will be with 12 banks that will ensure they have a strong business book with an all-India presence...