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The rollover in Nifty for September series stood at 68.76 percent, which was below its quarterly average of 75.34 percent. The August series started with good amount of short rollovers in many stocks and the impact of the same was visible from the start of the series. The benchmark indices continued their selling streak of July series and started correcting from initial days of the August series. The fall was very sharp with Nifty breaching its psychological level of 11,000 and registering a new 6-month low of 10,637. However, due to some recovery in the concluded week, the Nifty trimmed-off some of its intra-month losses and eventually ended the August series with a loss of 2.70 percent over its July expiry close. The fall of last month was supported by good amount of short positions, but most of these positions was not rolled to September series as the open interest (OI) remained flat on a month-on-month basis. The rollover in Nifty for September ser...

The construction of this project is to be completed in 36 months. Shares of PNC Infratech advanced 4 percent intraday on August 30 after the company bagged an order worth Rs 1,062 crore. The company has been declared the lowest bidder for NHAI’s project of construction of 31.7 km long four-lane bypass connecting NH-56 and terminating near Behta Village Road under NHDP Phase-VII on EPC mode for a quoted price of Rs 1062 crore, as per BSE filing. The construction of this project is to be completed in 36 months. The share touched its 52-week high Rs 214.85 and 52-week low Rs 122.70 on 19 August 2019 and 01 October 2018, respectively. Currently, it is trading 16.2 percent below its 52-week high and 46.74 percent above its 52-week low. The share price rose 40 percent in the last 6 months. At 0955 hrs, PNC Infratech was quoting at Rs 180.30, up to Rs 3.55, or 2.01 percent. Best Share Market News, Click Here To Get More News -  Share Market Ti...

Analysts believe the government's move was the need of the hour and will help build an efficient and competitive market, while it may reduce coal imports as well. Shares of Coal India opened lower but quickly climbed over 2 percent on the BSE on August 29, a day after the Union Cabinet approved 100 percent foreign direct investment (FDI) under the automatic route in coal mining and also in the creation of associated infrastructure. Analysts believe the FDI push was much needed and will help build an efficient and competitive market, while bringing down coal imports as well. "The move would attract international players to create an efficient and competitive market and also help in reducing coal imports," the brokerage Sharekhan said. However, the move was slightly negative for Coal India in the long term, the brokerage said. "Coal India would continue to supply the majority of coal requirements of India with its target to produce 1 billi...

Vodafone Idea Ltd may be India’s largest telecom company by subscriber base, but it also happens to be the smallest in terms of revenue market share among private sector operators. In the June quarter, Vodafone Idea was the only company to post a sequential decline in revenues, while competitors Bharti Airtel Ltd and Reliance Jio Infocomm Ltd reported notable expansion. This is based on quarterly revenue data from the Telecom Regulatory Authority of India (Trai) compiled by SBICAP Securities Ltd. Based on adjusted gross revenues, including receipts from long-distance services, Vodafone Idea’s market share dropped from 32.1% in the quarter ended March 2019 to 27.8% last quarter. Two years ago, the combined market share of Vodafone India and Idea Cellular stood at 42.5%. SBICAP Securities estimates Vodafone Idea’s revenue market share to stabilize at around 20% in the medium term, with Reliance Jio seeing further gains by the end of FY20. At the end of the June quar...

Buying Berger Paints with a stop loss of Rs 362 and a target of Rs 380 and Petronet LNG with a stop loss of Rs 251 and a target of Rs 275. The market gained for the third consecutive session with the Nifty closing above 11,100 levels on August 27, driven by banking & financials, auto, FMCG and metal stocks. Positive global cues and RBI's decision to transfer Rs 1.76 lakh crore to the government, aided sentiment. The BSE Sensex climbed 147.15 points to 37,641.27 while the Nifty 50 rose 47.50 points to 11,105.40 and formed a Doji kind of candle on the daily charts, which generally signals indecisiveness among the bulls and bears. The gains in broader markets were higher than benchmarks as the Nifty Midcap rose 0.74 percent and Smallcap index was up 1.8 percent. According to the pivot charts, key support level is placed at 11,055.93, followed by 11,006.57. If the index starts moving upward, key resistance levels to watch out for are 11,148.23 and 11,191...

कॉटन वायदा (अगस्त) की कीमतों की तेजी पर रोक लग सकती है और 21,350 रुपये के नजदीक अड़चन का सामना करना पड़ सकता है। लेकिन कम आपूर्ति के सीजन में प्रमुख कपास उत्पादक राज्यों, विशेष रुप से दक्षिणी क्षेत्रों, से सीमित आपूर्ति के कारण कीमतों में तेज गिरावट की संभावना नहीं है। इसके अलावा भारी बारिश के कारण परिवहन संबंधी समस्या से भी बाजारों में कपास की कमी हुई है। इसके अतिरिक्त महाराष्ट्र में गुलाबी कीटों के प्रकोप के कारण भी कीमतों में तेजी का सेटीमेंट देखा जा सकता है। वैश्विक मोर्चे पर, यू.एस. कपास वायदा की कीमतों में 1% की गिरावट हुई है और दिसंबर कॉन्ट्रैक्ट की कीमतें 1.03% की गिरावट के साथ 57.61 सेंट पर पहुँच गयी हैं, क्योंकि विदेशी खरीदारों की ओर से माँग सीमित है। अमेरिका और चीन के बीच व्यापार युद्ध ने कपास की माँग को प्रभावित किया है। कारोबारियों की नजर जी-7 की बैठक पर है। मूंग वायदा (सितंबर) की कीमतों में 6,080-6,040 रुपये तक गिरावट जारी रहने की संभावना है। मौजूदा सीजन में मूंग की बुआई सामान्य उत्पादन क्षेत्रों से अधिक हो गयी है, लेकिन अभी भी पिछले वर्ष की तुलना में तेजी से पिछ...

The company reported standalone net loss during the quarter stood at Rs 57.29 crore compared to a net profit of Rs 1.80 crore in the previous year quarter.  Net revenue of the company declined substantially by 85.71 percent at Rs 14.71 crore in the April-June quarter of this fiscal as against Rs 102.91 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 58.12 percent to Rs 39.42 crore from Rs 94.13 crore in the year ago period. Other Income dipped by 99.51 percent at Rs 0.01 crore versus (Jun'18 Rs 2.05 crore). Operating profit slipped by 381.44 percent to Rs -24.71 crores as against Rs 8.78 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2069.99 percent in June quarter. Interest grew by 25.78 percent y-o-y to Rs 8.83 crore, while Taxation decreased by 766.34 percent at Rs -6.73 crores (Jun'18 Rs 1.01 crore). Best Share Market News, Click Here To Get More N...

Such are the times where conventional wisdom says that we should now start nibbling in the beaten-down names. More often than not, we eye good stock which is well-capitalized, big-sized, and most probably an index constituent. Bargain hunting has always been attracting all of us, but if we apply that in the equity markets, it leads to disastrous outcomes at times. Market set-ups, like the one which we are in right now, often show a price which is over-pessimistic. Such are the times where conventional wisdom says that we should now start nibbling in the beaten-down names. More often than not, we eye good stock which is well-capitalized, big-sized, and most probably an index constituent. The million-dollar question here is though who decides “how much is too much?” Meaning, even at the lowest prices of the year one still has to account for a potential of even deeper cuts. This argument now brings us to the options arena. Step 1: Limit the downside risk ...

Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.56 percent loss or 61 points. Nifty futures were trading around 10,890-level on the Singaporean Exchange. The Nifty50 is seen opening with a gap on the higher side on Monday, but lingering concerns of US-China trade war might cap the upside. Asian markets were trading Wall Street nosedived on Friday, and Asian markets were trading mixed after US President Donald Trump announced a 5 percent additional duty on $550 billion in targeted Chinese goods, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. products. On Friday, the US Federal Reserve Chair Jerome Powell said the central bank would “act as appropriate” to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump, said a Reuters report. Trends on SGX Nifty indicate a positive opening f...

The finance minister unveiled measures to boost or improve investor and business sentiment. The Nifty50 which closed with losses of about 2 percent for the week ended August 23 could see a strong opening when the market will resume trading on August 26 after Finance Minister Nirmala Sitharaman’s booster shot for the economy. In light of slowdown fears, the finance minister unveiled measures to boost or improve investor and business sentiment. A rollback in recent tax hikes on foreign and domestic investors, infusion of Rs 70,000 cr in state-run banks, a key measure to announce auto sector, are some of the measures to boost growth in Asia’s third-largest economy. The government also outlined measures to support the NBFC sector and small businesses to calm the nerves of investors ahead of the upcoming festival season. One big sentiment booster for D-Street is the rollback of higher surcharge on foreign portfolio investors (FPIs) as well as domestic investors...

The stock in last three months shed more than 10 percent. Shares of HDFC Bank fell 1.6 percent intraday on August 23 after the private sector lender announced management restructuring. The stock in the last three months shed more than 10 percent. It was quoting at Rs 2,149.40, down Rs 24.35, or 1.12 percent on the BSE at 1016 hours. The country's largest private sector lender by market capitalisation informed exchanges that its board of directors, on August 22, appointed Srinivasan Vaidyanathan as the Chief Financial Officer (CFO) with immediate effect. The incumbent CFO of the bank, Sashidhar Jagdishan would continue to head the Finance function, and shoulder additional responsibilities as in charge of the verticals of Legal & Secretarial, Human Resources, Corporate Communications, Infrastructure, Administration, Corporate Social Responsibility and 'Change Agent of the Bank', it said. The bank further said Vaidyanathan would continue to repo...

Unlike other base metals, demand for nickel from China, the world's biggest consumer, has not dampened during the trade war with the US. Nickel, the commodity used for making alloys, has gained more than 45 percent at the benchmark London Metal Exchange (LME) since the start of 2019. Unexpected large-scale buying by Chinese companies and supply threat from the top producer, Indonesia, aided sentiment. Similar moves were seen in domestic prices, too, with the MCX near month futures gaining more than 50 percent to a near five-year high. Unlike other base metals, demand for nickel from the top consumer China has not dampened during the ongoing trade standoff with the US. Prices are insulated from major fall on buoyant outlook due to increased appetite from the stainless steel industry. Stock accumulation by Chinese companies to supplement their own output has resulted in a sharp surge in global prices. Large-scale buying by these companies is reflected in L...

In April this year, BG Asia had reduced its stake in Mahanagar Gas from 32.5 percent to 24 percent. State-owned entity GAIL India, the Indian promoter, held 32.50 percent stake in the company. Shares of Mahanagar Gas rallied nearly 12 percent intraday on August 20 after a foreign promoter offloaded its entire stake in the company. British Gas sold 98 lakh shares in the natural gas distribution company through block deals on the National Stock Exchange. BG Asia Pacific Holdings Pte Limited, a wholly=owned subsidiary of Shell, held 10 percent stake (representing 98,77,780 shares) in the company, as per June shareholding pattern available on exchanges. At 1013 hours IST, the stock traded with volumes of 3,75,145 shares, compared to its five-day average of 72,457 shares on the NSE and on the BSE, it traded volumes of 52,56,774 shares, compared to its five-day average of 12,33,989 shares. In April this year, BG Asia had reduced its stake in Mahanagar Gas from...

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....