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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...

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...

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.

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...

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 ...

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.

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...

Market participants had a tough time digesting the slew of negative macroeconomic data served over the weekend. And, the sharp fall in Indian stock market indices mirrors that pain very well. The Nifty and the Sensex shed more than 2% each on Tuesday, pushing the fear gauge India VIX (volatility index) up 11% to the 18-mark. Global cues weren’t very supportive either, with the Asian markets closing on a mixed note. But the decline in Indian stocks was largely due to domestic concerns. Analysts say while the market may have factored in most of the poor data, fresh buying may not come in a hurry. “There are media reports that the government may sell its stake in BPCL (Bharat Petroleum Corp.) to IOC (Indian Oil Corp.), which has further weighed on sentiments because this route of privatization will weaken the buying profit-making government entity. Investors feel that the government’s actions in responding to economic woes are not sufficient. They also need to be more ...

The immediate support is now placed at 10,700, and a breach of which could trigger a fresh round of selling in the coming sessions. Despite recording a positive close last week, Indian markets opened a tad lower on September 3 and witnessed selling pressure throughout the day to end the session with sharp cuts on the back of heavy selloff seen in the PSU Banks. The Nifty50 failed to hold on to 11,000 levels on a closing basis as fresh short positions created in 10,900 as well as 11,000 call strikes. From the technical front, the Nifty broke its crucial support placed at 10,830 which was the 61.8 percent retracement level of the recent rally seen from 10,640 to 11,140. This is again a bearish signal for the markets moving forward. The immediate support is now placed at 10,700 and a breach of which could trigger a fresh round of selling in the coming sessions. However, on the higher side, 10,900 should act as strong hurdle for the Nifty going forward. ...

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...

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...

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...

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-...