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Showing posts with the label Labels : crude oil tips

Riga Sugar locked at lower circuit after CFO resigns

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There were pending sell orders of 499 shares, with no buyers available. Shares of Riga Sugar Companylocked at 5 percent lower circuit after the resignation of its CFO. Satya Ranjan Mallick has resigned from the post of chief financial officer (CFO) of the company with effect from August 16, 2019. There were pending sell orders of 499 shares, with no buyers available. At 1129 hrs, Riga Sugar Company was quoting at Rs 6.88, down Rs 0.36, or 4.97 percent. Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Podcast | Stock picks of the day: Hold Nifty Longs with strict stop loss of 10,900

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Any close above 11,200 would trigger short-covering rally towards 11,287 and 11,440. For the last nine trading sessions, Nifty has been gradually moving up. Nifty has seen a fall of 1,321 odd points from the all-time high of 12,103, registered on June 3, to the recent low of 10,782. By joining daily lows, upward sloping trend line projects the strong support at 10,900 odd levels. If we were to take 38.2 percent and 50 percent retracements of this entire swing, it comes at 11,287 and 11,440. Nifty is currently placed below its 20, 50, 100 and 200 DMA. The index has been maintaining lower tops and lower bottoms on the daily and weekly charts. This setup indicates that the overall trend has been bearish for Nifty. The 20 days EMA (11,138) and 200 DMA (11,183) are the near-term hurdles for the Nifty. After the budget day, Nifty attempted crossing 20 days EMA but failed to do so. On August 19, also, Nifty found resistance on its 20 days EMA. Considering...

Market Headstart: Nifty may see gap down opening; Infosys, Avenue Supermart top buys

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Trends on SGX Nifty indicate a negative opening for the broader index in India, with 0.64 percent loss or 70 points. Nifty futures were trading around 10,944-level on the Singaporean Exchange. The Nifty50 is expected to open lower on Monday tracking Asian markets which were trading at a 2-month low on escalating tension between the US and China on the trade war front. U.S. President Donald Trump abruptly decided on Thursday to slap 10% tariffs $300 billion in Chinese imports, stunning markets and ending a month-long trade truce. China vowed on Friday to fight back, said a Reuters report. On Friday, the Dow Jones Industrial Average fell 98.41 points to 26,485.01, the S&P 500 lost 21.51 points to 2,932.05 and the Nasdaq Composite dropped 107.05 points to 8,004.07. The S&P BSE Sensex rose 99 points to 38,118 while the Nifty50 closed 17 points higher at 10,997 on Friday. Trends on SGX Nifty indicate a negative opening for the broader index in India, ...

Oil dips on hope OPEC will raise output, but market remains tense

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Despite this, oil markets remain tight amid supply disruptions and rising geopolitical concerns especially over the tensions between the United States and Iran. Oil prices dipped on Friday on hopes that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions on Tehran by the United States. Despite this, oil markets remain tight amid supply disruptions and rising geopolitical concerns especially over the tensions between the United States and Iran, analysts said. Brent crude futures were at $74.16 per barrel at 0223 GMT, down 19 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.83 per barrel, down 38 cents, or 0.6 percent, from their previous settlement. The dip followed Brent's rise above $75 per barrel for the first time this year on Thursday after Germany, Poland and Slovakia suspended imports of Russian oil via a major pipeline,...

कॉटन में तेजी का रुझान, मेंथा ऑयल में भी बढ़त की उम्मीद - एसएमसी

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कॉटन वायदा (मार्च) की कीमतों के तेजी के रुझान के साथ 20,730-21,100 रुपये के दायरे में सीमित दायरे में कारोबार करने की संभावना है। भारतीय कपास निगम के अनुसार कर्नाटक, महाराष्ट्र, गुजरात और तेलंगाना में बारिश कम होने से इस वर्ष देश में कपास का उत्पादन 10 वर्षों में सबसे कम 328 लाख बेल होने का अनुमान है। कारोबारी संस्था ने कपास के उत्पादन अनुमान में फिर से 2 लाख बेल की कटौती की है। पहले अग्रिम अनुमान में 348 लाख बेल कपास उत्पादन का अनुमान लगाया गया था। निर्यात के स्तर पर ऐसी खबर है कि भारतीय कारोबारियों ने अगले दो महीने में चीन को 8 लाख बेल कपास निर्यात करने के लिए करार किया है, क्योंकि चीन में कपास की कीमतो में बढ़ोतरी के बाद भारत से माँग बढ़ी है। चना वायदा (अप्रैल) की कीमतों के तेजी के रुझान के साथ 4,150-4,190 रुपये के दायरे में कारोबार करने की संभावना है। महाराष्ट्र सरकार ने चना की खरीदारी के लिए केन्द्र सरकार से मंजूरी माँगी है। इसके साथ ही बाजार में ऐसी खबरें हैं कि सरकार अप्रैल से पीली मटर के आयात पर से मात्रात्मक प्रतिबंध में छूट दे सकती हैं, क्योंकि 2018-19 में दालों क...

Oil prices rise amid broad market rally, OPEC supply cuts

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Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC. A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel at 0054 GMT, up 18 cents, or 0.3 percent, from their last settlement. Brent crude futures were at $66.75 per barrel, up 17 cents, or 0.3 percent. "(Despite economic headwinds), we still see Brent prices averaging $70 per barrel this year and expect WTI to lag, averaging $59 per barrel in 2019," said Bank of America Merrill Lynch. It said that was partly due to demand for marine diesel expected from next year as part of new fuel rules from the International Maritime Organization. "With diesel yields already maxed out, refiners may need to lift runs in 2H19 to meet rising demand for marine distillates," it said. Oil prices have been r...

Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count

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Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.39 per barrel at 0323 GMT GMT, up 32 cents, or 0.6 percent from their last close. Brent crude futures were at $65.04 per barrel, up 30 cents, or 0.5 percent. Despite the gains, markets were somewhat held back after U.S. employment data raised concerns that an economic slowdown in Asia and Europe was spilling into the United States, where growth has so far still been healthy. "Downward revisions in global growth forecasts by OECD and ECB have capped bullish gains," said Benjamin Lu of Singapore-based brokerage Phillip Futures. Oil markets have generally been supported this year by ongoing supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and some non-affiliated a...

Expiry Week: Market seen consolidation; FII sells Rs 5781.98cr equity, IT index up over 3%

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The foreign investors sold equities worth Rs 5781.98 crore. However, domestic institutions bought Rs 5972.69 crore worth of equities in last week. Indian indices seen a consolidation for the week ended February 23 amid no major cues from domestic as well as international markets. Equity benchmarks have been oscillating within last two weeks’ broad range of 10600-10300, indicating consolidation after the recent sharp decline of 8%. The index rebounded from the oversold territory and is under the process of forming base near the lower band of broader consolidation range around 10300. Going forward, we expect the market to consolidate and form a good base in the range of 10300–10600. However, we believe this consolidation will make markets healthier and offer an incremental buying opportunity, said Dharmesh Shah of ICICIDirect.com Research. On the F&O expiry day, both the indices closed with a marginal loss. However, on Friday the indices closed with 1 percen...

Idea Cellular raises Rs 3,500 crore via QIP

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The company has issued and allotted about 42.42 crore equity shares to qualified institutional buyers at an issue price of Rs 82.50 per equity share (including a premium of Rs 72.50 a share), amounting to about Rs 3,500 crore. Mobile operator Idea Cellular today said it has successfully closed a Qualified Institutions Placement (QIP) to raise Rs 3,500 crore. The company has issued and allotted about 42.42 crore equity shares to qualified institutional buyers at an issue price of Rs 82.50 per equity share (including a premium of Rs 72.50 a share), amounting to about Rs 3,500 crore. "The issue witnessed interest from a global investor base. The issue allocation is approximately 56 per cent and 44 per cent to Indian and foreign investors respectively," the company said in a statement here. DSP Merrill Lynch and Citigroup Global Markets India acted as global co-ordinators and book running lead managers to the issue, the statement added. "...

No end to PNB's ignominy! Delhi-based lender tops list in jeweller defaulters

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Even though the data shows that SBI has the most number of defaulters - 15 - the loss incurred by them was Rs 410 crore, much lower than PNB. Punjab National Bank (PNB) tops the list in a data report which shows that gems and diamond traders have cost banks over Rs 5,000 crore through 90 defaults. The Federation of Bank of India Staff Unions (FBISU) compiled data, accessed by The Times of India, shows that PNB, due to nine defaulters, has lost Rs 1,790 crore. Even though the data shows that State Bank of India (SBI) has the most number of defaulters - 15 - the loss incurred by them was Rs 410 crore, still lower than PNB. PNB saga: Track all the latest updates and news here. Among other banks, Union Bank of India and Oriental Bank of Commerce also come on top of the list, with nine and eight defaults, respectively. According to the data, the total number of wilful defaulters is more than 5,000 and costing a total of around Rs 49,000 crore to all the banks. The latest Re...

PNB fraud LIVE: FinMin writes to four Hong Kong banks that got LOUs

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This blog will give you the latest news and updates on the Rs 11,400-crore PNB fraud case. Finance Ministry has written to four Hong Kong banks that got LOUs Finance Ministry sources told ANI that they will write letters to SBI, Axis Bank, Allahabad Bank and Bank of India telling them to reconcile accounts and check for irregularities. The sources added that several regulatory measures are put in place - all banks are to reconcile LoUs they have given, PSU banks are to appoint special representative or agency to monitor status for all loans above Rs 250 crore and consortium cannot exceed 7 banks. PNB tops the list in losing Rs 1,790 crore due to 9 jeweller defaulters: Report Punjab National Bank (PNB) tops the list in a data report which shows that gems and diamonds traders have cost banks over Rs 5,000 crore through 90 defaults. The Federation of Bank of India Staff Unions (FBISU) compiled data, accessed by The Times of India, shows that PNB, due to nine defaulters, has ...

L&T construction arm bags orders worth Rs 1,266 cr

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Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,266 crore across business segments. Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,266 crore across business segments. L&T said its buildings and factories business has bagged orders worth Rs 928 crore. "An order has been bagged from a reputed government client to construct 284 residential towers under the Pradhan Mantri Awas Yojana Scheme in various locations of Krishna District of Andhra Pradesh," the engineering and construction major said in a BSE filing. Meanwhile, its power transmission and distribution business and transportation infrastructure business secured an order from the Mumbai Metro Rail Corporation Ltd. (MMRC) worth Rs 338 crore. The order bagged by L&T's power transmission and distribution business will be jointly executed with its transportation infrastructure business. Shares of the company were...

Yash Papers rises 10% on signing MoU with UP State Government

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The company has entered into MoU with UP state government for Rs 73.44 crore for expansion of its paper unit III from installed capacity of 70 MT to 100 MT. Shares of Yash Papers rose more than 10 percent in the early trade on Friday on signing MoU with Uttar Pradesh government. The company has entered into MoU with UP state government for Rs 73.44 crore for expansion of its paper unit III from installed capacity of 70 MT to 100 MT. It will also increase tableware unit capacity from existing installed capacity 11.50 MT to 23 MT in the coming years. At 09:36 hrs Yash Papers was quoting at Rs 74.20, up Rs 3.90, or 5.55 percent. The share touched its 52-week high Rs 85.30 and 52-week low Rs 23.10 on 12 February, 2018 and 03 March, 2017, respectively. Currently, it is trading 13.01 percent below its 52-week high and 221.21 percent above its 52-week low. Two days Free Trials and best services packages  for dealing in Stock market click here to get >...

Market Live: Sensex jumps 100 pts in opening trade, Nifty reclaims 10,400; IT, pharma extend gain

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All sectoral indices have commenced trade in the green, while, in the broader market, midcaps are up around half a percent. Rupee Update: The Indian rupee opened higher by 9 paise at 64.95 per dollar on Friday versus previous close 65.04. Bhaskar Panda of HDFC Bank said, "Worries of US rate hike, consequent rally in US yields, coupled with uncertainties due to the PNB episode has brought back pressure on the INR." "The USD-INR pair has broken through crucial 64.80 levels and traded above 65 yesterday. Today, I expect the pair to consolidate in a range of 64.85-65.15 given the dollar fall overnight." "The 10-year benchmark bond yield has been rallying higher after the latest MPC minutes. I expect the trend to sustain while today's range would be 7.72-7.78 percent," he added. The dollar sagged broadly after its recovery this week faded as US treasury yields declined from their recent peaks. The dollar index against a baske...

Titan, Bajaj Finserv, Grasim up 1% on Nifty rejig

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Shares of Ambuja Cements, Aurobindo Pharma and Bosch slipped 1-2.5 percent as they were excluded from the Nifty 50 index. Shares of Bajaj Finserv, Grasim Industries and Titan Company rose more than 1 percent intraday Thursday as they were included in Nifty 50 index. Meanwhile, shares of Ambuja Cements, Aurobindo Pharma and Bosch slipped 1-2.5 percent as they were excluded from the Nifty 50 index The changes were announced by India Index Services and Products, an arm of the National Stock Exchange (NSE) as part of its periodic review. The said changes will get implemented with effect from April 2, 2018. Also, Punjab National Bank (PNB) will move out of the NSE's Nifty Midcap 100 index. At 10:10 hrs Ambuja Cements was quoting at Rs 256.55, down 1.95 percent and Titan Company was quoting at Rs 828.90, up 0.73 percent on the BSE. Two days Free Trials and best services packages for dealing in Stock market click here to get >> Nifty Opt...