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Showing posts with the label Nifty Futures

Oil prices gain nearly 2% after drop in U.S. crude inventories

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Oil prices rose nearly 2% on Wednesday after a larger-than-expected decline in U.S. crude stockpiles helped ease worries about weakening oil demand caused by the trade war between Washington and Beijing. Brent crude futures settled 98 cents, or 1.7%, higher at $60.49 a barrel. West Texas Intermediate crude ended at $55.78 a barrel, rising 85 cents, or 1.6%. U.S. crude oil inventories fell last week by 10 million barrels, compared with analysts' expectations for a decrease of 2.1 million barrels, as imports slowed, the Energy Information Administration said. "There's a lot of big numbers here, but it's all on the import number, which is pretty impressive," said Bob Yawger, director of energy futures at Mizuho in New York. Net U.S. crude imports fell by 1.51 million barrels per day to 2.9 million BPD, while imports in the Gulf Coast region dropped to their lowest on record at 1.2 million BPD. Over the past four weeks, crude oil imports averag...

एनएचपीसी (NHPC) ने सुबानसिरी परियोजना के लिए असम सरकार के साथ किया करार

सरकारी पनबिजली उत्पादक कंपनी एनएचपीसी (NHPC) ने सुबानसिरी (Subansiri) परियोजना के लिए असम सरकार के साथ करार किया है। करार के तहत कंपनी अरुणाचल प्रदेश और असम राज्य में सुबानसिरी नदी पर सुबानसिरी लोअर एचई परियोजना (2,000 मेगावाट) तैयार करेगी। असम और अरुणाचल के बीच की सीमा पर स्थित यह देश की सबसे बड़ी जल विद्युत परियोजना है, जिसकी अनुमानित क्षमता 2,000 मेगावाट और अनुमानित वार्षिक उत्पादकता 7421.59 मिलियन इकाई है। उधर बीएसई में एनएचपीसी का शेयर शुक्रवार को एक दम सपाट 23.25 रुपये पर बंद हुआ। इस भाव पर कंपनी की बाजार पूँजी 23,852.92 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 27.50 रुपये और निचला स्तर 20.85 रुपये रहा है।  Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free T rial give a missed call @9644405057 and Get Share Market Services.

Surprise or disappointment in Q1: Here's how top companies have performed this week

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Experts say that there is a possibility double-digit earnings growth could be seen after the September quarter. We are in the middle of earnings season and top companies have already announced their June quarter numbers. FMCG majors including ITC reported profit growth while Britannia Industries reported a marginally fall in profit. With the auto sector in a slump, Mahindra & Mahindra posted a 29 percent year-on-year (YoY) drop due to weak demand across segments. "Unless there is revival happening there would not be any pick up in corporate profitability and earnings. A combination of fiscal measures and monetary measures are required to achieve this," said Joseph Thomas, Head of Research at Emkay Wealth Management. The June quarter is likely to mimic the March quarter with financials leading the growth while consumer discretionary, consumer staples, industrials, material, and real estate could post declining trend sequentially in the top-line growth....

Excise duty on cigarette: Brokerages positive on ITC but await GST rate changes

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Brokerages while remaining positive on the stock said the increase in excise duty on cigarettes was negligible that brings stability for the time being. ITC shares fell over a percent intraday on July 8 after the government announced a minor increase in tax on cigarettes that contributes more than 40 percent to the company's total business. Brokerages, however, remained positive while remaining positive on the stock. They said the increase in excise duty on cigarettes was negligible that brings stability for the time being. The stock was quoting at Rs 276.65, down Rs 2.80, or 1.00 percent on the BSE at 1130 hours IST. Here is what brokerages say about tax changes on cigarettes: Credit Suisse Overall Budget 2019 is positive for ITC as cigarette excise duty re-introduced on a technical ground and its impact is a negligible 0.2 percent hike in the current cigarette tax. Despite fiscal needs, government desisted from hiking the overall cigarette ...

मैक्स इंडिया (Max India) ने लिया सहायक कंपनी में पूरी हिस्सेदारी बेचने का निर्णय

सहायक कंपनी में हिस्सेदारी बेचने की घोषणा से मैक्स इंडिया (Max India) का शेयर दबाव में है। मैक्स इंडिया ने गुरुवार को ऐलान किया कि इसने अपनी सहायक कंपनी फार्मैक्स कॉर्पोरेशन (Pharmax Corporation) में अपनी पूरी 85.17% हिस्सेदारी बेचने का निर्णय लिया है। मैक्स इंडिया फार्मैक्स कॉर्पोरेशन में अपना पूरा हिस्सा मैक्स एस्टेट्स (Max Estates) को बेचेगी, जो मैक्स वेंचर्स (Max Ventures) की पूर्ण स्वामित्व वाली सहायक कंपनी है। बता दें कि मैक्स वेंचर्स मैक्स ग्रुप (Max Group) की एक इकाई और मैक्स इंडिया की साथी कंपनी है। मैक्स इंडिया ने फार्मैक्स कॉर्पोरेशन में पूरी हिस्सेदारी का सौदा 61.0 करोड़ रुपये में किया है। हालाँकि इस खबर के बाद आज कंपनी का शेयर दबाव में है। बीएसई में मैक्स इंडिया का शेयर 69.10 रुपये के पिछले बंद भाव की तुलना में गिरावट के साथ 68.55 रुपये पर खुला है। करीब पौने 10 बजे यह 1.05 रुपये या 1.52% की कमजोरी के साथ 68.05 रुपये पर चल रहा है। इस भाव पर मैक्स इंडिया की बाजार पूँजी 1,828.27 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 95.20 रुपये और निचला स्तर 55.00 रुपय...

Sugar stocks rally 3-19% as monsoon covers most parts of the country

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Monsoon rains are crucial for farmers who plant cane as well as corn, cotton, rice and soybean in June and July. Sugar stocks gained momentum on June 27 on back of monsoon that has finally covered most of the country this week. Rajshree Sugars was the biggest gainer among them with 19 percent upside, followed by Balrampur Chini, Bajaj Hindusthan, Uttam Sugar, Ugar Sugar, Dalmia Sugar, Dhampur Sugar, Dwarikesh Sugar, Kothari Sugars, Sakthi Sugars, etc., which gained between 3-7 percent intraday. Monsoon rains have covered most parts of cane fields in Western India, Met Department said earlier this week. Hence, a shortfall in monsoon rains narrowed to 37 percent of the long-term average against 44 percent between June 1 and June 19, the office added. Monsoon rains are crucial for farmers who plant cane as well as corn, cotton, rice and soybean in June and July. In addition, momentum in stocks could be on account of a hope that the government may increase i...

HDFC Bank plans to list NBFC arm, raise $1 bn

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Highlights: - HDB Financial Services’ share sale likely in the current fiscal  - HDFC Bank has reportedly appointed Bank of America Merrill Lynch and Morgan Stanley to manage the initial share sale of HDB Financial India’s largest private sector lender, HDFC Bank, is eyeing an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services, that could see the company raise more than $1 billion, said two people aware of the development. HDB, founded in 2007, offers various products such as personal loans, commercial vehicle loans, gold loans, and loans against property. “They have been engaging with various investment banks over the last one month regarding their plans to list HDB Financial Services. They are likely to raise around Rs 7,000-8,000 crore or more through the IPO. While the IPO is expected to be a mix of primary and secondary share sale, it will largely be a primary capital raising exercise given the current market conditions,"...

Voltas gains as co enters into distribution agreement with Japanese firm

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This co-operation is expected to strengthen both Voltas and Shima's reach across the rapidly expanding Indian textile industry. Shares of Voltas gained over 1 percent in the early trade on Tuesday after company entered in to distribution agreement with a Japanese textile machines manufacturer. The air conditioning manufacturer Voltas and Shima Seiki Mfg. Ltd., a leading Japanese textile machines manufacturer, have entered into a distribution agreement for sales and marketing of Shima's products in India, as per Voltas press release. This co-operation is expected to strengthen both Voltas and Shima's reach across the rapidly expanding Indian textile industry, it added. C. Kamatchisundaram, Vice President-Textile Machinery Division, Voltas added, "This association would help us to offer truly world class solutions in flat knitting, WHOLEGARMENT making process and Total Fashion Systems to the textile industry." "Voltas' sales and ma...

Gold prices steady as Donald Trump speech stokes fears of government shutdown

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Trump spoke in the chamber of the House of Representatives facing political discord over his demands that Democrats end their opposition to funding for a border wall he says is needed to stem illegal immigration and smuggled drugs. Gold prices held steady on Wednesday after US President Donald Trump, in his State of the Union speech, vowed to build a border wall, but gave little clarity over developments in the ongoing trade discussions with China. Spot gold was steady at $1,314 per ounce at 0431 GMT. US gold futures were also steady at $1,318 an ounce. Trump spoke in the chamber of the House of Representatives facing political discord over his demands that Democrats end their opposition to funding for a border wall he says is needed to stem illegal immigration and smuggled drugs. "There is a likely risk of another government shutdown with President Trump still sticking to the rhetoric of erecting a border wall," said Hitesh Jain, vice president, Yes Sec...

Flipkart billionaire Binny Bansal breaks his silence after Walmart ouster

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He's moving on from an episode that roiled India's tech arena It’s been less than three months since Binny Bansal’s shock ouster from Flipkart, the e-commerce giant he founded over a decade ago. The entrepreneur once celebrated for jumpstarting India’s internet retail industry is now dedicating himself to helping other founders get their startups off the ground. Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy. It’s aimed at helping entrepreneurs navigate the often-tricky Indian startup scene. Bansal’s already put together an early team, set up an office at a co-working space and even snagged several “leading” startup customers. “I’m looking forward to the next chapter of my life,” the 37-year-old said in his first interview since the episode. “Person to person, I can help 10 startups but the ambition is ...

D-Street Buzz: Auto stocks gain led by Bajaj Auto, M&M; Zee Entertainment jumps 3%, realty drags

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The breadth of the market favoured the declines with 658 stocks advancing and 1029 declining while 369 remained unchanged. On the BSE, 868 stocks advanced, 1389 declined and 128 remained unchanged. The Indian benchmark indices have been trading on a positive note in this Tuesday afternoon session with the Nifty50 up 27 points, trading at 10939 while the Sensex gained 73 points and was trading at 36655 marks. Nifty Auto added close to a percent led by gains from Bajaj Auto, Hero MotoCorp, Mahindra & Mahindra and Maruti Suzuki. Media stocks were also buzzing led by Zee Media and Zee Entertainment which jumped 3-4 percent followed by INOX Leisure and PVR. Research firm Citi has revised the rating of Zee Entertainment to buy and has cut target to Rs 480 from Rs 575 per share. From the banking space, the top gainers were IndusInd Bank, Punjab National Bank, and YES Bank. However, real estate stocks were down with loses from Indiabulls Real Estate, Phoenix M...

Pulses, Oilseed output decline due to erratic distribution of monsoon

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The year 2018-19 has indicated that below average and erratic distribution of monsoon rains over the country have affected the production of Pulses and Oilseeds and it is expected to decline marginally by 2.68 percent and 5.36 percent. Pulses production is projected to drop marginally to 9.10 million MT (metric tonne) from 9.35 million MT last year which is around 2.68 percent down due to the fall in Urad output by 10.11 per cent, mainly due to the shift in acreage towards Soybean in some parts of Madhya Pradesh and Maharashtra. The total Oilseeds production is estimated to be 19.87 million MT, which is 5.36 per cent declined than the last year’s production 21.00 million MT, mainly due to the falling Groundnut (22.11 percent), Castor (27.16 percent) and Sesame (3.21 percent) production in major producing states. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before ta...

Foreign direct investment falls 11% during Apr-Sep

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Foreign direct investment (FDI) into India declined 11 percent to $22.66 billion during April-September period of the current fiscal, according to Commerce and Industry Ministry data. The foreign fund inflows during April-September 2017-18 stood at $25.35 billion. Singapore was the largest source of FDI during April-September 2018 with $8.62 billion inflow, followed by Mauritius ($3.88 billion), the Netherlands ($2.31 billion), Japan ($1.88 billion), the US ($970 million), and UK ($845 million). FDI had increased at a five-year low growth of 3 percent at $44.85 billion in 2017-18. A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market News, Click Here To Get More News - Share ...

Gujarat’s Groundnut exports may fall to lowest since 2013-14: SOMA

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Groundnut exports from Gujarat - the largest producer and exporter of the commodity – is expected to fall to 2.5 lakh tonnes in 2018-19, the lowest since 2013-14, industry body Saurashtra Oil Millers Association (SOMA) said. Groundnut exports from Gujarat were 1.79 lakh tonnes, worth Rs 1,224 crore, in April to November of the 2018-19 fiscal, says the Agricultural and Processed Food Products Export Development Authority (APEDA), citing data from the Directorate General of Commercial Intelligence and Statistics (DGCIS). Gujarat’s groundnut exports were at 3.22 lakh tonnes (valued at Rs 2,115 crore) in 2017-18. The reduced exports from Gujarat are expected to lower India’s overall groundnut exports in 2018-19 too. The first eight months of the current fiscal saw groundnut exports from the country stand at 3.10 lakh tonnes, against 5.04 lakh tonnes in all of 2017-18. The Solvent Extractors’ Association of India (SEA) pegged the Kharif groundnut production in Gujarat at 15.95...

Brokerage calls: Jefferies downgrades Whirlpool, Citi cuts target for Zee Entertainment

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Four-wheeler replacement industry growth may slow down to 6 percent in FY21 From 10 percent In FY20, Nomura said in a research note, discussing Exide We have collated a list of recommendations from global brokerage firms for Tuesday, February 5. Whirlpool | Brokerage: Jefferies | Rating: Hold | Target: Rs 1,625 Jefferies has downgraded Whirlpool to Hold from Buy and reduced the target price to Rs 1,625 from Rs 1,690. Revenue growth was hurt by a weak margin, and most positives have been priced in at the current valuation, according to Jefferies. Zee Entertainment Enterprises | Brokerage: Citi | Rating: Buy/High-risk | Target: Rs 480 Citi has revised the stock's rating to 'Buy/High Risk' from 'Buy', and slashed the target price to Rs 480 from Rs 575. The strategic stake sale is key to Zee Entertainment's performance, Citi said in a research note. Coal India | Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 296 Pro...