Share Market Tips | Stock Market Tips | MCX Tips

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...

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...

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...

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," ...

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...

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 ...

We expect the USD-INR to find supports at lower levels. Utilize downsides in the pair to initiate long positions, says ICICIdirect. The Indian rupee gained in the early trade on Wednesday. It has opened higher by 21 paise at 72.18 per dollar versus previous close 72.39. Also, Read - Rupee hits fresh 2019 low; likely to trade around 71-73.25 per dollar in coming weeks The rupee on September 3 dropped sharply by 97 paise to more than nine-month low of 72.39 against the US dollar as heavy sell-off in the domestic equity market, weak macro environment, and a stronger greenback kept investors edgy, said PTI. The Indian currency came under pressure after official data released on Friday showed that India's GDP growth fell to an over six-year low of 5 percent in the June quarter, it added. The domestic currency settled down by 97 paise at 72.39 per dollar, logging its worst single-day fall since August 5 and the lowest closing level since November 13, 2018. ...

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), ...

IL&FS on Friday received binding bids for ten road assets in its domestic roads transportation vertical.  These 10 road assets, that account for a total debt of over Rs. 17,700 crores (nearly 19% of total group debt), received 14 binding bids from multiple bidders. This development represents yet another important milestone in the overall resolution process for IL&FS Group being undertaken by the New Board. The 10 road assets that received binding bids include: * One Green Asset – Jharkhand Infrastructure Implementation Company Limited (JIICL); *Five Amber Assets - Jharkhand Road Projects Implementation Company Limited (JRPICL), Moradabad Bareilly Expressway Limited (MBEL), Chenani Nashri Tunnelway Limited (CNTL), Hazaribagh Ranchi Expressway Limited (HREL), Jorabat Shillong Expressway Limited (JSEL). (JRPICL and MBEL are in the process of being re-classified from Amber to Green on the basis of the restructuring proposals agreed with its lenders)...

Oberoi Realty gained 23 percent along with OBC and HDFC AMC which added 20 percent and 17 percent respectively were the top gainers while RBL Bank and Vodafone Idea were the top losers. Benchmark indices ended the volatile session on the higher note on the first day of the September series with Nifty above 11,000. At close, the Sensex was up 263.86 points at 37,332.79 while Nifty was up 85.60 points at 11,033.90. About 1384 shares have advanced, 1,122 shares declined, and 166 shares are unchanged. Nifty closed above the psychological 11,000-mark and formed a hammer pattern on the daily chart. It also snapped a two-week losing streak and gained 1.8 percent to form a spinning-top pattern on the weekly scale. Here are the top 10 stocks which moved the most this week: Top Gainers Oberoi Realty: up 23 percent The share price of real estate major Oberoi Realty jumped over 23 percent for the week. On August 22, the share price cracked after the company ga...

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...

Rural market, accounting for 45 percent of overall revenue of the FMCG sector, is one of the key contributors to India’s FMCG growth story. FMCG is the fourth largest sector in the Indian economy. According to IBEF, the sector is further expected to grow at a Compound Annual Growth Rate (CAGR) of 27.86 percent to reach $103.7 billion by 2020. The sector is projected to grow 11-12 percent in 2019, as per a CRISIL report. Accounting for a revenue share of around 45 percent, the rural segment is a large contributor to the overall revenue generated by the FMCG sector in India. The FMCG sector is generally categorized into three segments: Food and beverages, healthcare and personal care. The entry of Patanjali into FMCG sector boosted the entire sector and gave it a new direction. In 2018, the supermarkets and hypermarkets distribution channel segment dominated the FMCG market. The growth of this segment is driven by a rise in disposable income and increase in demand for...

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...