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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...

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...

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...

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 ...

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'...

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...

Top buy and sell ideas

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Buying Tata Consultancy Services with stop loss at Rs 2220 and target of Rs 2310 and Maruti Suzuki with stop loss at Rs 5900 and target of Rs 6350. A strong wave of selloff enveloped the Indian equity market on September 3, dragging key indices Sensex and Nifty down by over 2 percent. Investor sentiment received a blow after official data on August 30 showed India's gross domestic product (GDP) slowing to 5 percent in April-June 2019. The GDP growth was at 8 percent in the same quarter of 2018-19. Other than worrisome macroeconomic indicators, the rupee's fall against the dollar, weak global sentiment and sustained capital outflow of foreign funds continued weighing on market sentiment. Nifty50 finished 225 points, or 2.04 percent down at 10,797.90, with 48 stocks in the red. Nifty broke multiple support levels on intraday charts and closed below 10,800. The index is trading below its crucial short-term moving averages such as 20-day moving average (DMA), ...

Modified Butterfly: The best way to trade upcoming gyration

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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 ...

IndiGo shares suggest worries about turbulence at the top have receded

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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...

HDFC Bank shares gain on plans to exit GSTN

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GSTN is a non‐profit organization for facilitating the collection of Goods & Services Tax (GST). The share price of HDFC Bank rose more than 1 percent intraday on August 30 as the company plans to sell its entire stake in software company Goods & Services Tax Network. The company has agreed to sell its entire stake of 10 percent in the equity share capital of Goods & Services Tax Network (GSTN) consisting of 10,00,000 equity shares of Rs 10 each, for a total consideration of Rs 1 crore to various State Governments and Union Territories, as per a company release. The bank’s promoter Housing Development Finance Corporation (HDFC) is also a shareholder in GSTN. GSTN is a non‐profit organization for facilitating the collection of Goods & Services Tax (GST). At 0939 hrs, HDFC Bank was quoting at Rs 2,253.50, up to Rs 25.90, or 1.16 percent on the BSE. Best Share Market News, Click Here To Get More News -  Share Market Tips, Stock Mar...

Pain in RBL Bank stock recedes, but regaining the charm would be challenging

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Shares of private sector lender RBL Bank Ltd covered some losses in early trade on Thursday after buying at lower levels. At present, the stock is trading at 324.20, up more than 3% on the NSE. The stock took a beating on Wednesday, following speculation of insider trading. However, the bank later clarified that market transactions of shares by employees was a "routine activity". In a statement to the exchanges, RBL Bank said market transactions by employees was a routine activity with regular exercise of ESOPs (employee stock ownership plans) and sale of equity shares thereafter. According to some analysts, while one is seeing investor interest in the stock at these levels, shares of the bank are unlikely to regain their lost charm in a hurry. It should be noted that the RBL Bank stock hit a 52-week high of 716.40 on the NSE in May this year. But its fall from glory was swift with the stock tanking to a 52-week low of 286.10 on 28 August. The cut got steeper after...

Podcast | Stock picks of the day: Nifty to end August expiry between 10,800 and 11,200

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A breakout on either side of the band will give a clear indication of the further trend. The Nifty witnessed a V-shaped reversal rally but the gains were capped at 11,150 levels on August 28. On the lower side, as per the change of polarity principle, the short-term moving average -- 20-day EMA -- for the index is currently working as a key reversal point. Last hour buying on August 28 pushed the price above its important physiological mark of 11,000, which has squeezed the body of the candle with a slightly longer wick on its lower side. The level of 11,150 is further supported by the Fibonacci ratio on the daily interval for the benchmark index. Currently, the Nifty pack is trading between its 50 (11,200) and 100-EMA (10,800) band on the weekly timeline. On the Options front, maximum Put open interest (OI) is placed at 11,000 strike. The maximum change in Call OI is seen at 11,100, followed by 11,200 strikes. The next immediate support for the Nifty ...

Punjab National Bank, Allahabad Bank launch repo rate-linked retail loans

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Public sector banks Punjab National Bank (PNB) and Allahabad Bank on Tuesday launched retail loan products that are linked to the Reserve Bank of India’s (RBI) repo rate. Linking of loans with the repo rate will make them cheaper. Under the Punjab National Bank’s PNB Advantage scheme, effective from 27 August, the interest rate will be 0.25% less than the existing rates based on MCLR (marginal cost of funds-based lending rate). “The new rates will vary from 8.25% to 8.35% for housing loan borrowers and 8.65% for car loan borrowers," PNB said in a statement. PNB’s existing customers can also apply for new RLLR (repo linked lending rates) with minimal charges. Allahabad Bank Allahabad Bank has benchmarked its loans up to Rs75 lakh with the EBLR (external benchmark linked rate) with repo rate one of its constituents. The bank has priced its home loans up to Rs75 lakh and mudra loans sanctioned with effect from 1 September 2019 with reference to EBLR. ...