Saturday, August 31, 2019

Maruti Suzuki's August sales drop 32.7% to 1.06 lakh units

Maruti Suzuki India's export was down 10.8 percent at 9,352 units against 10,489 units.

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SEBI sounds warning bell to MFs on excessive risk practices

A substantial part of the initiatives taken by SEBI is related to debt funds

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FPIs net sellers for second straight month, pull out Rs 5,920 crore in August

FPIs had infused a net Rs 10,384.54 crore in June, Rs 9,031.15 crore in May, Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February into the Indian capital markets.

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How long before IT companies feel the slowdown heat?

Most of Indian IT firms are not equipped to handle large volumes of digital projects coming their way

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Green certificate sales down 47% to 4.3 lakh in June

Indian Energy Exchange and Power Exchange of India are the two power bourses in the country which are engaged in trading of renewable energy certificates and electricity.

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OVL, partners buying 49% stake in Russia's Vankor cluster oilfields

This cooperation agreement may include Indian state-owned firms picking up 49 percent stake in Vankor cluster oilfields.

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State of economy deeply worrying, says Manmohan Singh

In a statement, he said the last quarter GDP growth rate of 5 percent signals that "we are in midst of a prolonged slowdown".

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Final NRC list a fiasco, guided by ulterior motive: Mamata Banerjee

Over 19 lakh applicants failed to make it to the final NRC list, staring at an uncertain future

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From one booking before PM's visit to 78 now - Rudra meditation cave is new tourist destination

Immediately after Modi's visit, the caves received four bookings in the month of May, followed by 28 bookings in June, 10 in July, 8 in August, 19 in September and 10 in October.

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Eight of top-10 firms add Rs 77,222 crore in m-cap; HDFC twins lead

HDFC's m-cap zoomed Rs 21,657.69 crore to Rs 3,73,860.41 crore, while that of HDFC Bank jumped Rs 17,950.48 crore to Rs 6,09,441.46 crore.

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Sitting MLA, Kargil veteran left out of NRC

Kargil war veteran and retired army officer Mohammad Sanaullah, who spent a few days in detention in May after being declared a foreigner by a tribunal, was excluded from the updated list

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Last-minute travellers help railways earn more than Rs 25,000cr in last 4 years

Tatkal ticket charges have been fixed as a percentage of fare at the rate of 10 percent of basic fare for second class and 30 percent of basic fare for all other classes

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Rupee headwinds will put pressure on equities; could retest Rs 74/$ in near term

Rupee successfully retested its multi-year breakout zone of 69 and is poised to retest its previous zone of Rs 74.5/$ and could even breach it

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Hong Kong protesters plan to disrupt airport after night of chaos

The unrest has evolved over 13 straight weeks into a widespread demand for greater democracy in a territory that many residents believe is increasingly being controlled by Beijing

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Not in recession but bonds worth $15 trillion sitting on negative yields worldwide

We are still a couple of quarters away from a recession, only if the concerted economic measures taken by various central bank across the globe fail to deliver on desired lines

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Stock market crash? No Problem: Here are 4 steps to embrace it with a 'bear' hug

The stock market crash is the best excuse you can use to rebalance your portfolio. Getting rid of the non-performing investments and realigning your portfolio

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All follow-throughs may not result in market uptrend; 3 ways to reduce portfolio risk

In CAN SLIM methodology, the market itself – the ‘M’ in the CAN SLIM model – is the most important factor for making money. Your chances of making profits in growth stocks increase when the market is acting right

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Hong Kong commercial centres paralysed as protesters, police exchange petrol bombs and tear gas

With Hong Kong facing its first recession in a decade, speculation has grown that the city government may impose emergency laws, giving it extra powers over detentions, censorship and curfews.

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Rupee dives to a new low in 2019, but may become stronger against dollar soon

Donald Trump has said that Chinese officials had made two "very good calls" and that "they want to make a deal"

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BJP MLA seeks NRC in Telangana

Appealing to Union Home Minister Amit Shah, Raja Singh, the lone BJP MLA in Telangana, said NRC should be implemented from September 17.

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What the Jackson Hole Summit commentary augurs for global financial markets

Equity markets have remained volatile, but are still at higher levels, while gold rallied to a six-year high following a drop in Yuan against the dollar and comments from the US President regarding trade talks with China.

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10 key things that will keep traders busy this truncated week

The equity market will remain shut on September 2 for Ganesh Chaturthi

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At least 5 killed, 21 shot at in Texas

Firearms caused nearly 40,000 deaths in the US in 2017, which was highest in 50 years, according to official data.

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Friday, August 30, 2019

Explained: Rupee slide

Some economists believe that fundamentals remain challenging for the rupee, and it could keep depreciating given the global and local headwinds.

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Modified Butterfly: The best way to trade upcoming gyration

Especially with the weekly expiries now available for trading, deploy a butterfly strategy with centre strike at the expected and empirically proven upper bound or lower bound.

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Goa govt certifies 17 startups under state policy

The Startup Policy, approved earlier this year, aims to make Goa an aspirational geographical and human resource base for startups.

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5 foreigners trying to smuggle out nearly half-million dollars held at Delhi airport

The recovered foreign currency was seized and the five were arrested under the provisions of the Customs Act.

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The story of India’s 1.2 lakh 'orphaned' life insurance policyholders

‘Orphaned’ policies refer to a situation where a life insurance policy originally sold by an agent becomes unserviceable after this individual quits the business

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Hurricane Dorian becomes a Category 4 monster powering toward Florida

Donald Trump declared a state of emergency in Florida and authorized the Federal Emergency Management Agency to coordinate disaster-relief efforts.

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The Moneycontrol Show | Negative Interest Rates, RBI's Surplus Transfer, Market Strategies

The Reserve Bank of India on Monday approved a record Rs 1.76 lakh crore payout to the government, after the RBI's Central Board accepted the Bimal Jalan panel recommendations.

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Government to infuse Rs 55,250 crore for strengthening banks, push lending

This was the second set of measures announced by Finance Minister Nirmala Sitharaman to prop up the economy and at least one more is expected next week.

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HDFC sells Gruh Finance shares worth nearly Rs 1,665 crore

Shares of Gruh Finance on August 30 closed at Rs 258.40, up 3.55 percent on the BSE.

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NPCI revises merchant discount rates for BHIM UPI transactions

Presently, this is capped at 0.25 percent for transactions up to Rs 2,000 and at 0.65 percent for transactions above Rs 2,000.

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Turmeric prices to head north next month onward

Going by the sowing figures, the area under turmeric cultivation in the 2019-20 season has shrunk.

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DR Congo Ebola death toll crosses 2,000 ahead of UN chief's visit

The toll is a setback coming a day before UN Secretary General Antonio Guterres visits for a first-hand assessment of the fightback.

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Key reasons behind recent fluctuations in Indian currency against US dollar

FII outflows could be the primary driver of a weakening Indian currency. We have seen more than Rs 31,000 crore of outflows since July 1 (till August 30).

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13% companies will leave China, says Donald Trump as new tariffs all set to kick in

After coming to power, Trump has imposed hefty tariffs on import of Chinese products, resulting in a trade war between the two biggest economies of the world.

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FMCG sector might not grow as fast as it has - here is why

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.

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Why can't part of Jayalalithaa's wealth be used for public welfare, asks Madras HC

Jayalalithaa's niece J Deepa and nephew J Deepak, who were present in court as per the directions of the bench, said they have no objection to the idea as it was the wish of their aunt.

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Wall Street stalls to end weak August as China tariffs loom

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.

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Banks merger reflects govt resolve to address economic slowdown: India Inc

United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank, making the proposed entity the second largest public sector bank

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Sharp slowdown likely across auto segments in August; Maruti, Tata Motors, Eicher sales may fall over 30%

In case of Eicher Motors, Nomura expects overall commercial vehicle volumes to decline 33 percent YoY

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Twitter CEO Jack Dorsey's account hacked, offensive tweets posted

British-based security consultant Graham Cluley said the incident highlighted the importance of two-factor authentication, where a user must confirm the account via an external service.

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Nitin Gadkari proposes kulhad tea cups, tax on Chinese agarbatti

The Union minister said that with a view to provide impetus to the pottery industry, kulhad could be introduced at tea stalls at 400 railway stations.

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Amul to focus on Indian sweets; may hike prices of cheese, butter: MD RS Sodhi

In May, Amul increased milk prices by Rs 2 per litre

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Policy Play | Will the PSU bank merger achieve its desired objective?

The banks being merged have been losing deposit and credit market share and any improvement in the near term is unlikely

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Thursday, August 29, 2019

Cash Market | Infosys to move up to a new equilibrium level

The stock has broken out of a long consolidation near its all time high levels

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Cash Market | Bullish morning star pattern in GSPL

The stock is moving in a steady up trend

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Futures Market | Bullish follow-through near significant support in Ujjivan

The stock has taken support near 250-260, which is a strong support area

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Options Trade | A broken wing condor in Coal India

The stock is showing good strength with good volume

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Jammu & Kashmir offers vast business opportunities: Official

Mahmood Ahmad Shah, director (industries & commerce), was in the city to tap various sectors for investments in Jammu and Kashmir post scrapping of provisions of Article 370 that gave special status to the border state.

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North Korea says it won't give up arms modernisation

The North's official Korean Central News Agency circulated a statement from Kim Son Gyong, an adviser at the Korea-Europe Association, in response to a joint statement Tuesday from the three important U.S. allies condemning Pyongyang's "repeated provocative launches" of ballistic missiles.

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India generates 9.46 mn tonnes of plastic waste annually: Study

The study has been conducted by Un-Plastic Collective (UPC), a voluntary multi-stakeholder initiative to eliminate plastic pollution in nature and move towards a circular economy.

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US companies in China say they've been hurt by trade war

In the US-China Business Council's annual survey, out Thursday, 81 per cent of companies say they've been affected by US-China trade tensions, up from 73 per cent last year.

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Ganpati mandals insurance sees flat growth as organisers go for cost-cutting

All the mandals (organisers) put together have taken about Rs 610 crore of insurance cover this season

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General Electric wins partial dismissal of shareholder lawsuit

Judge Jesse Furman, however, granted the shareholders permission to amend their complaint. The class-action lawsuit, originally filed in November 2017, consolidates six cases that sought to hold GE and its senior leaders accountable for falling profits in recent years.

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Amazon to offer help for customers who search about suicide

Searching for the word "suicide" last week on Amazon's U.S. marketplace resulted in the webpage showing users to "suicide kits" and nooses.

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Donald Trump may block $250 million in aid to Ukraine: Officials

The president has made no secret when it comes to foreign assistance that U.S. interests abroad should be prioritized and other foreign countries should also be paying their fair share," said one of the officials, who shared details of the plan on condition of anonymity.

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Apple likely to unveil latest iPhone on September 10

In an invite to the event on Thursday, Apple teased a five-colored version of its logo, implying launch of more colors for its new iPhone models.

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TIME's list of best places of 2019: Here are a few you should visit

Here's a list of some of the best places to travel to in 2019.

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Here's how much you should have as contingency fund for life’s emergencies

As a thumb rule, it is advised to keep at least three to six months’ worth of basic living (and non-negotiable) expenses as emergency fund.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.1 percent loss or 10.5 points.

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Wall Street rallies after China trade comments

The Dow Jones Industrial Average rose 326.15 points, or 1.25%, to 26,362.25, the S&P 500 gained 36.63 points, or 1.27%, to 2,924.57 and the Nasdaq Composite added 116.51 points, or 1.48%, to 7,973.39.

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Stocks in the news: HDFC Bank, Wipro, Future Retail, Lokesh Machines, Premier Explosives

HDFC Bank | Wipro | Future Retail | Lokesh Machines and MAS Financial Services are stocks, which are in news today.

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Market Live: Nifty likely to open higher on positive global cues

Trends on SGX Nifty indicate a flat opening for the broader indices in India.

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Asian shares rise on conciliatory trade tone but mood cautious

Japan's Nikkei jumped 1% while South Korea's KOSPI index gained 1.3% and Australian shares rose 0.7%.

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Wall St rallies after China trade comments

The Dow Jones Industrial Average rose 326.15 points, or 1.25%, to 26,362.25, the S&P 500 gained 36.63 points, or 1.27%, to 2,924.57 and the Nasdaq Composite added 116.51 points, or 1.48%, to 7,973.39.

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Weekly Tactical Pick | LIC Housing Finance

It's business as usual at housing finance company as loan assets consistently grow 15-17 percent year-on-year

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A morning walk down Dalal Street | Traders need not get unduly perturbed; bulls may make a comeback

As long as the index sustains above 10,756 kinds of levels traders need not get unduly perturbed, suggest experts.

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Wednesday, August 28, 2019

Congress leadership committed several betrayals on J&K issue: RSS leader

By abrogating article 370, the Narendra Modi government has integrated the state with the rest of India, he said, deliveringa lecture on 'Situation of Kashmir after Article 370' here.

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Congress never cared about development, security, housing for poor: Yogi Adityanath

"Development, security and housing for the poor was never on Congress party's agenda. Samajwadi Party (SP) and Bahujan Samaj Party (BSP) have divided the society in the name of casteism and nepotism," Adityanath said.

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Home Minister Amit Shah on Gujarat visit today

Since it is Shah's first visit to his homestate after abrogation of the special status of Jammu and Kashmir, he would be accorded a grand welcome by BJP workers and leaders after he lands at the Ahmedabad airport on Wednesday night, said a party release.

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Rahul Gandhi speaking Pakistan's language: J P Nadda

Targeting Rahul Gandhi, Nadda said his statement on Kashmir was used by Pakistan in thethe United Nations. "Gandhiwas speaking Pakistan's language," he alleged. "Now he has backtracked and is saying thatJammu and Kashmir is India's internal matter and there is no scope of any foreign country to interfere in it. Why was he silentfor so long?" Nadda asked.

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Futures Market | Continuation downward trend in Yes Bank

The stock will retest and potentially break its recent lows.

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Cash Market | Declining trend to continue in Coal India

A red candle closing at the lows suggests that there are more downsides in the price.

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Options Trade | Bearish trend in Tata Steel

An iron condor as volatility is very high.

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Futures Market | Bullish continuation follow-through in Pidilite Industries

The stock is one of the outperformers on relative strength chart under futures segment.

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Kashmir internal issue for India, Imran Khan's rhetoric ridiculous: US lawmaker

"Kashmir is an internal matter for India's democracy and Pakistan Prime Minister Imran Khan needs to cool his heated rhetoric and not escalate to a war or conflict," Congressman Khanna told members of the Indian-American community during an interaction in Freemont, California recently.

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In Imran-era, Pakistan military retains dominant influence over foreign, security policies: US report

The report prepared for US lawmakers by the bipartisan Congressional Research Service (CRS) said Khan had no governance experience prior to winning his current office and analysts contend that Pakistan's security services manipulated domestic politics during elections with a motive of removing Nawaz Sharif.

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Stocks in the news: Nestle, Lakshmi Vilas Bank, Hexaware, Just Dial, Indiabulls Housing, JMC Projects

Lakshmi Vilas Bank | Hexaware Technologies | Just Dial | Indiabulls Housing Finance and L&T Finance Holdings are stocks which are in the news today.

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Brazil says India's subsidy will extend cycle of low sugar prices

Unica's head Evandro Gussi said the move by India's government hurt free competition in the global sugar market and was not in accordance with the rules set by the World Trade Organization (WTO).

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Apple's data shows a deepening dependence on China as Donald Trump's tariffs loom

Apple faces levies of 15% imposed by Trump's administration on major products made in China such as smartwatches and wireless headphones on Sept. 1, with a tariff on its biggest seller, the iPhone, to take effect on December 15.

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Rahul Gandhi kissed by fan again, this time in Wayanad

This was not the first time that the Congress leader was kissed by a fan

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India delaying fifth generation fighter aircraft programme: Russian official

India and Russia had agreed to a joint programme to develop a variant of the fifth generation fighter aircraft or perspective multi role fighter (PMF) in 2007.

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Jaishankar holds talks with Russian counterpart; reviews preparation for PM Modi's visit

"A truly special and privileged strategic partnership. Discussed a wide range of issues in a very warm atmosphere with FM Lavrov. A meeting of minds on important questions of the day. Appreciated full understanding of India's core interests," Jaishankar tweeted.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.32 percent loss or 35 points.

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Stocks in the news: Nestle, Lakshmi Vilas Bank, Hexaware, Just Dial, Indiabulls Housing

Lakshmi Vilas Bank | Hexaware Technologies | Just Dial | Indiabulls Housing Finance and L&T Finance Holdings are stocks which are in the news today.

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Market Live: SGX Nifty indicates negative start for Indian indices

Trends on SGX Nifty indicate a negative opening for the broader indices in India.

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Iran's Hassan Rouhani calls for unity to overcome US 'economic war'

"We need to unite to fight against and to win this economic war that America has launched against Iran," Rouhani said in a televised speech.

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Maharashtra clears Rs 992-cr additional expenditure for MIHAN

The project aims at developing the existing Nagpur domestic airport as an international passenger and cargo hub airport along with a huge special economic zone (SEZ), which is abutting to the boundary of the airport.

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Wall Street climbs on energy, financials boost

The Dow Jones Industrial Average rose 258.2 points, or 1%, to 26,036.1, the S&P 500 gained 18.78 points, or 0.65%, to 2,887.94 and the Nasdaq Composite added 29.94 points, or 0.38%, to 7,856.88.

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A morning walk down Dalal Street | Market is likely to remain range-bound amid F&O expiry, stay stock specific

Market is likely to remain in a range amid August F&O expiry, traders are advised to focus on stock-specific opportunities rather than betting on index until it stabilised and witnessed some strength, suggest experts.

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Tuesday, August 27, 2019

RBI cash transfer to govt increases financial risk: Amit Mitra

Boosting Prime Minister Narendra Modi regime's prospect to stimulate the slowing economy without widening fiscal deficit, the RBI approved the transfer on Monday.

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How a midsize Chennai IT firm became a Rs 2,000-crore clinical-research company

Take Solutions today is India’s only listed clinical research company. Here’s how it got there.

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Cash Market | New intermediate uptrend in Balrampur Chini

The stock has broken out of the trendline with strong volumes

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Futures Market | Bullish continuation follow-through in Asian Paints

The stock has witnessed multiple resistance breakout before the bullish trend

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Options Trade | Sideways trend to continue in Bharti Airtel

A double ratio spread with lower side protection as volatility is very high

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Cash Market | A corrective decline on low volumes likely in Apollo Hospitals

Following a sharp rally, the stock's directional movement shows a strong momentum

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Bank officials told to provide loan as per rules to debt-ridden farmer

A resident of a village under the Sarsawa police station here, Rajkumar had claimed that he was denied a loan despite taking training of dairy farming under the Prime Minister Skill Development Programme.

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6 IT centres developed in several African nations in last 4 years: MEA

Addressing the India-Africa Higher Education and Skills Development Summit, T S Tirumurti, Secretary (Economic Relations) in the Ministry of External Affairs (MEA) said every year thousand of bright minds come from Africa to Indian universities and colleges.

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Congress, BJP spar over RBI's decision to transfer Rs 1.76 lakh crore to govt

Asserting that the decision to take such a huge amount from the RBI reserves will have "catastrophic" consequences, the Congress alleged that the government was pushing the economy towards bankruptcy and an economic emergency. The BJP countered these charges, saying the money is being used for national interest.

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Get coal mine project in Queensland moving: Australia minister to Adani

Gautam Adani-led Adani Group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine in the Galilee Basin in central Queensland, and the Abbot Point port near Bowen in the north.

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US Fed should help defeat Donald Trump in 2020: Ex-Fed official

The stunning arguments in a Bloomberg opinion column flew in the face of efforts by current Fed officials to remain strictly neutral and above partisan politics, despite Trump's intense year-long campaign to demand easier monetary policy.

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Market Live: Trends in SGX Nifty indicate a positive opening for benchmark indices

Trends on SGX Nifty indicate a positive opening for the broader index in India, a with 0.14 percent loss or 15 points.

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UK alone will be to blame for no-deal Brexit: EU tells Boris Johnson

With the clock ticking and Johnson adamant the EU must accept significant changes to the existing withdrawal agreement, fears are growing that Britain could leave without a deal, causing major economic turmoil.

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US approves $3.3 bn sale of anti-ballistic missiles to Japan

Japan will buy up to 73 of the Raytheon-made SM-3 Block IIA missiles, which are designed to be fired by the ship-board Aegis system to intercept incoming ballistic missiles, the Pentagon said.

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Podcast | Stock picks of the day: Short covering could take Nifty towards 11,200-11,250

The immediate hurdle for the index is 11,150, and if we close above this levels then we could further witness short covering which could take the index higher towards 11,200-11,250 levels.

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BP to exit Alaska in $5.6 bn deal

The sale, which is due to be completed next year, is part of BP's USD 10 billion divestment programme to help the company shore up its balance sheet.

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Chidambaram in SC denies ED's allegations, says every asset disclosed by him

Chidambaram said in his rejoinder affidavit that SC should call for the records from the investigating officer of ED case to satisfy itself as to whether the probe is free and fair

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INX Media case: SC extends protection to Chidambaram by a day; ED to argue today

Solicitor General Tushar Mehta, appearing for ED, said he would like to reply to the fresh application during the course of his arguments

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Stocks in the news: HUL, IDBI Bank, Oberoi Realty, Power Grid, Dilip Buildcon, DHFL

IDBI Bank | Oberoi Realty | Power Grid Corporation | Dilip Buildcon | DHFL | Nalco and Premier Explosives are stocks which are in the news today.

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Wall Street slips as financials drag, trade outlook clouds

The Dow Jones Industrial Average fell 124.66 points, or 0.48%, to 25,774.17, the S&P 500 lost 9.53 points, or 0.33%, to 2,868.85, and the Nasdaq Composite dropped 26.79 points, or 0.34%, to 7,826.95.

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Asian stocks find modest support on firmer US futures

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.03%, Japan's Nikkei rose 0.04% and Australia's shares rose 0.07%.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a with 0.05 percent loss or 6 points.

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A morning walk down Dalal Street | Nifty may head towards 11,181 if it sustains above 11,049

The index formed Doji candle on daily charts indicating indecisiveness among traders about further direction.

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Monday, August 26, 2019

Market Live: SGX Nifty indicates positive start for benchmark indices; Asia rallies

SGX Nifty gained 43 points, indicating positive start for benchmark indices.

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Realme 5 goes for sale today for the first time in India at 12pm: Specifications, price, offers

Realme 5 would be available for purchase at 12 pm, exclusively on Flipkart and Realme’s online store.

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Donald Trump on US-China trade: 'Sorry, it's the way I negotiate'

Trump was challenged on a negotiating style in which he praises Chinese President Xi Jinping one day and castigates him the next.

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In ancient India, people who consumed cow meat were labelled as untouchable: RSS leader

In India, untouchability was banned through the Untouchability (Offences) Act 1955 which was later called The Protection of Civil Rights Act.

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Helping reduce India-Pakistan tension one of five takeaways from G7 Summit: White House

PM Modi, flanked by Trump, on August 26 had categorically rejected any scope for third party mediation on Kashmir, saying it was a bilateral issue between India and Pakistan

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BJP plans month-long contact programme on revoking Article 370

More than 85 developmental schemes of the central government will now be extended to the entire region, which has now been bifurcated into two union territories.

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BSE resets circuit limit of CG Power, 5 others

The new limits, effective from August 27 will ensure stock prices do not go up or down beyond a level during a session.

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Infosys board considers closure of Rs 8,260 crore buyback offer

Infosys had in January announced it would buy back shares of the company for an amount aggregating up to Rs 8,260 crore (maximum buyback size) at a price not exceeding Rs 800 per equity share

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Options Trade | Maruti's uptrend nearing the resistance

An iron condor without upperside protection as volatility is very high.

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Kia, Hyundai models to come with portable, integrated e-scooter

The Korean group’s idea is to facilitate mobility needs to the driver in case the vehicle has to be parked a further away

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Futures Market | NIFTY likely to get an intermediate leg up

NIFTY closed above a major trendline resistance after gaining more than 2 percent in a single session

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Cash Market | Bullish ‘three inside up’ pattern in Asian Paints

The stock is likely to see a small pullback on low volumes and a strong reversal as market moves higher.

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Futures Market | Bullish continuation follow-through in IGL

The stock taken multiple support near previous resistance

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Phones of 11, including Babul Supriyo, stolen during Arun Jaitley's cremation: Patanjali spokesperson

Tijarawala took to Twitter to complain that he and 10 other people, including Supriyo, lost their mobile phones on August 25.

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Podcast | Stock picks of the day: Nifty conquers 20-Day EMA for the first time after budget day

Nifty could move to the immediate resistance level of 11,200 levels, and any close above 11,200 levels would result in further short covering which might push Nifty to levels around 11,400-11,500.

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Indian Navy prepared to thwart JeM's underwater plans: Admiral Singh

Chief of Naval Staff Admiral Karambir Singh said all stakeholders in coastal security are ensuring that there is no intrusion from the sea

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Stocks in the news: Sun Pharma, Infosys, Pidilite, Kajaria Ceramics, Reliance Nippon Life

Kajaria Ceramics | Reliance Nippon Life AMC | Vadilal Industries | Satin Creditcare Network and Kingfa Science are stocks which are in the news today.

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Highest paid actors of 2019: Akshay Kumar grabs 4th spot with $65 million in earnings

Here is Forbes' list of world's highest paid actors in 2019.

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Asia stocks, bond yields rise as trade war fears ease

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2% after dropping 1.3% the previous day. South Korea's KOSPI added 0.8% and Japan's Nikkei rose 1%.

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Wall Street bounces as trade temperature cools

The Dow Jones Industrial Average rose 269.93 points, or 1.05%, to 25,898.83, the S&P 500 gained 31.27 points, or 1.10%, to 2,878.38, and the Nasdaq Composite added 101.97 points, or 1.32%, to 7,853.74.

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SC to hear P Chidambaram's plea against remand order today

It will also hear his separate petition challenging the Delhi High Court's order denying him anticipatory bail in the INX Media case lodged by the Enforcement Directorate

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, a with 0.57 percent loss or 62.5 points.

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A morning walk down Dalal Street | Market may consolidate or witness profit booking in near term

If Nifty consistently trades above 11,070 for at least one hour on August 27 then it can extend its rally initially towards 11,181 and thereafter a bigger target of 11,272 can't be ruled out, say experts.

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Sunday, August 25, 2019

PM Modi holds 'fruitful discussions' with UN chief Antonio Guterres

Modi met Guterres on the sidelines of the G-7 Summit being held in this picturesque southwestern seaside French town. The prime minister arrived in Biarritz from Manama, the capital of Bahrain after concluding the first-ever prime ministerial visit to the Gulf nation.

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PM Modi meets Boris Johnson on G7 Summit sidelines, agree to further India-UK bilateral ties

Modi met Johnson on the sidelines of the G-7 Summit being held in this southwestern French city. The prime minister arrived in Biarritz from Manama, the capital of Bahrain, after concluding the first-ever prime ministerial visit to the Gulf nation.

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China says wants 'calm' resolution to US trade war

The increasingly bitter trade war between the world's two largest economies sharply escalated on Friday, with both sides levelling more tariffs on each other's exports.

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Sentiment Booster | Auto sector needs more sops to get back on track

The government has taken a few steps to help the automobile industry but that may not be enough to resolve the big issues that are affecting growth

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Sentiment Booster | The government responds, but global risks are rising

Global events could be far more important than any domestic stimulus for the Indian economy in the months to come

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Qatar fines First Abu Dhabi Bank $55 million in market manipulation probe

Qatar last year alleged that First Abu Dhabi Bank, the United Arab Emirates' largest lender, made "bogus" foreign exchange deals to harm Qatar's economy after the UAE and other Arab states began a boycott of Qatar in 2017.

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Podcast | Stock picks of the day: Nifty likely to see a bounceback towards 11,050 –11,150 levels

If Nifty has to regain any strength, the bank index needs to step up. Hence, one needs to closely watch how banking conglomerates perform in the coming week

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Rupee opens lower at 71.98 per dollar

The rupee had plunged to an over eight-month low of 71.81 on Thursday amid tumbling equities and incessant foreign fund outflows.

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Can the August announcements bring back animal spirits?

The government has finally responded to the clarion call to shore up consumer demand and investments. It’s a long way to go though.

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4 steps for investors to ride roller-coaster markets

Jump off and you will get hurt. Stay on through all the bumps, you will survive and come back for more.

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Cash Market | Bullish engulfing pattern in ICICI Prudential

The stock is at a major support of a rising trendline and at a good horizontal support level.

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Chidambaram-INX Media case LIVE updates: SC to hear ex-FM's plea against arrest today

Live updates: SC will also hear the former union minister's pleas challenging Delhi HC's order which denied him anticipatory bail in the INX Media case

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Cash Market | Inverse Head and Shoulders pattern in UPL

The stock is nearing a breakout of an inverse Head and Shoulders pattern on good volume.

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V-Mart vs V2 Retail: Which value retailer offers you best bang for your buck?



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Chidambaram-INX Media case LIVE updates: SC to hear ex-FM's plea against arrest today

Live updates: SC will also hear the former union minister's pleas challenging Delhi HC's order which denied him anticipatory bail in the INX Media case

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Stocks in the news: Adani Ports, Alkem Lab, Cupid, NCL Industries, Lakshmi Vilas Bank

Dynamatic Technologies | Bandhan Bank | Indiabulls housing Finance | Piramal Enterprises and DHFL are stocks, which are in news today.

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Actor Sanjay Dutt set to join Rashtriya Samaj Paksha: Minister

Dutt, 60, is set to join the Rashtriya Samaj Paksh (RSP) on September 25, party founder and Cabinet minister Mahadev Jankar disclosed here on Sunday.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, a with 0.56 percent loss or 61 points.

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Stocks in the news: Alkem Lab, Cupid, NCL Industries, Lakshmi Vilas Bank



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A morning walk down Dalal Street | Stiff resistance for Nifty at 11,100-11,200

It sees some resistance near 5-DEMA. The recent reform measures introduced by the govt could result in a kneejerk reaction.

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Asian shares slugged, bonds bought amid trade gloom

Japan’s Nikkei lost 2.3%, while Shanghai blue chips fell 1.2%. E-Mini futures for the S&P 500 eased 0.8%, and EUROSTOXX 50 futures 1.1%

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Market Live: SGX Nifty indicates positive start for Indian indices

Trends on SGX Nifty indicate a positive opening for the broader indices in India.

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SC to hear Chidambaram's plea against HC order denying him anticipatory bail today

On Friday, the apex court had granted protection from arrest till Monday to Chidambaram in the money-laundering case lodged by the Enforcement Directorate

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Saturday, August 24, 2019

Over 5000 child labourers abandon education to work in mica mines of Jharkhand and Bihar

The survey was conducted by the National Commission for Protection of Child Rights.

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PM Modi launches $4.2 million redevelopment project of Hindu temple in Bahrain

Modi arrived on August 24, the first ever by an Indian Prime Minister to Bahrain.

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Arun Jaitley's mortal remains brought to BJP headquarters for last respects

His body was brought to the BJP headquarters located on the Deen Dayal Upadhyaya Marg from his Kailash Colony residence.

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The dangerous cocktail of substandard drugs and poor regulatory oversight in India

WHO estimates that one in ten medical products in low-and-middle-income countries is substandard or falsified. This includes India

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NHPC likely to begin construction of 2 GW at Assam's Lower Subansiri hydro plant in October

Developers of power projects are required to sign MoAs with the respective states for setting up plants in their territories.

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Arun Jaitley's final journey LIVE: Mortal remains at BJP HQ, party leaders pay tribute

Live updates: Former union minister Arun Jaitley passed away yesterday. The last rites will take place today

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FPIs withdraw Rs 3,014 crore from capital markets in August so far

According to depositories data, foreign portfolio investors (FPI) withdrew a net amount of Rs 12,105.33 crore from equities, but pumped in Rs 9,090.61 crore into the debt segment during August 1-23.

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FPIs withdraw Rs 3,014 crore from capital markets in August so far

According to depositories data, foreign portfolio investors (FPI) withdrew a net amount of Rs 12,105.33 crore from equities, but pumped in Rs 9,090.61 crore into the debt segment during August 1-23.

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Bhupinder Hooda's committee undemocratic: Haryana Congress chief Tanwar

Former Haryana CM Bhupinder Singh Hooda had formed a 36-member committee to decide the faction's course of action in the state

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When Arun Jaitley 'advised' David Cameron on winning British polls

Besides engaging in financial issues with the British government, Jaitley also marketed opportunities in India to British investors, addressed students and academics at places such as the LSE

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Seven of top-10 firms lose Rs 86,878 crore in m-cap; ITC takes biggest knock

The m-cap of ITC dropped by Rs 20,748.4 crore to stand at Rs 2,89,740.59 crore.

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Ex-cop questions govt decision on Jammu and Kashmir, says people's will vital

The Centre on August 5 abrogated Article 370 of the Constitution which gave special status to Jammu and Kashmir and also divided the border state into two UTs.

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Arun Jaitley to be cremated at Nigambodh Ghat

Arun Jaitley passed away at the AIIMS at 12.07 pm on August 24.

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PM Modi becomes emotional, condoles his 'dear friend' Jaitley's demise

PM Modi said he was bound by his duty on one side and on one side his heart was full of emotions

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North Korea's Kim Jong Un oversaw test of 'super-large multiple rocket launcher': KCNA

Photos released by North Korean state media showed rockets launching from large tubes mounted on the back of an eight-wheel vehicle.

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Hong Kong police arrest 29 after overnight clashes, more protests planned

Police used tear gas after some protesters threw Molotov cocktails and bricks and others tore up "smart" lamp posts equipped with surveillance cameras.

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'D-Street will welcome FM's comments but may face pressure around 200-DMA'

Comments from the FM has undeniably given hopes to the market to rally, but, the first line of defence for the bulls is placed near 11,200 in the proximity of 200-SMA

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Stimulus measures will help Rupee pare losses; Rs 72/$ likely to lend support

Rupee has fallen to its lowest level this year against the dollar on the back of weakness in domestic equity markets and new multi-year lows made by the Chinese Yuan

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Bazar mein tezi vapas aayegi! Expect huge gap up opening on Monday post FM speech

The speech was like a well-paced innings of MS Dhoni – that started off slowly and cautiously, well-paced in the middle overs and slogging it out towards the end to ensure a victory for team India

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Diversity, colours are India's strength: PM Modi tells Indian diaspora in Bahrain



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India, Bahrain sign agreements in space technology, culture exchange



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10 key things that will keep traders busy this week

Market is expected to start the week on a strong note after the announcement of relief measures and especially rollback of surcharge on FPIs by Finance Minister.

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PM Modi meets King of Bahrain, conferred 'The King Hamad Order of the Renaissance'

Modi is on the third leg of his three-nation tour to France, the UAE and Bahrain.

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Friday, August 23, 2019

DUSU removes busts of D Savarkar, others from campus

The ABVP, however, claimed that the Delhi University has assured them that the busts will be reinstalled in accordance with the procedure after the DUSU polls are concluded.

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Donald Trump threatens tariffs on French wine as he heads for G7 summit

"Those are great American companies, and frankly, I don't want France going out and taxing our companies. Very unfair," Trump told reporters outside the White House shortly before boarding his helicopter.

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Nifty likely to open with a gap of more than 100 points on Monday after FM booster shot

The finance minister unveiled measures to boost or improve investor and business sentiment

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Ramdev's aide Balkrishna admitted to AIIMS

Balkrishna (47), who heads Patanjali Yogpeeth, was first taken to a hospital in Haridwar from where he was referred to AIIMS in Rishikesh, sources in the yoga institute said.

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Build Sita's statue's alongside Ram's, let Ayodhya do justice to her: Karan Singh to UP CM

The BJP government in Uttar Pradesh has decided to build a 221-metre-tall statue of Lord Ram on the banks of the Saryu in the temple town.

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Donald Trump hits back at China with more tariffs amid escalating trade war

Since the commencement of trade war last year China and US have so far hit each other with punitive tariffs covering billions of dollars in two-way trade.

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IndiGo board has approved new policy on related-party transactions: Rakesh Gangwal

Gangwal and his affiliates hold around 37 percent stake in InterGlobe Aviation, while Bhatia's group owns nearly 38 percent shareholding.

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Congress says govt advisors 'confessed' economy in crisis, questions PM Modi's 'silence'

Congress leader Rahul Gandhi said the government should remonetise the economy by putting money in the hands of "the needy and not the greedy".

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This week in Auto: FM’s measures to give auto a fillip; new launches hit headlines

Here’s a look at all the important news that made headlines during the week

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Power tariff will not increase in Delhi for 5 years: Satyendar Jain

Jain said Delhi is the only state in the country where power tariff has gone down.

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Govt to boost onion supply from buffer stock, asks police to take action against hoarders

The price rose after rains disrupted supplies as well as due to damaged crop in major-producing states of Maharashtra and Karnataka.

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Govt to allow Aadhaar-based KYC for retail investors

Besides, steps would be taken with regard to offshore rupee market.

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Article 370: Leader of oppn suspended, another BJP MLA marshalled out of Delhi Assembly

The speaker also marshalled out another BJP MLA Manjinder Singh Sirsa, leading to a walkout by the remaining party legislators, OP Sharma and Jagdish Pradhan.

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In Maharashtra, ED should send notices in Marathi: City organistaion

Raj Thackeray, whose own party pursues a strident pro- Marathi agenda, appeared before the ED in connection with a money laundering case on August 22.

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FM's steps will strengthen India's position as global investment destination, says US industry

US India Strategic and Partnership Forum (USISPIF) also welcomed Indian Government's announcement on withdrawal of the higher surcharge on non-corporate Foreign Portfolio Investors (FPIs).

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North Korea fires 'unidentified projectiles' into sea: Seoul

South Korea's presidential Blue House said it will hold a National Security Council meeting following the North's latest weapons test.

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The Moneycontrol Show │Investing in NCDs, Direct Tax Code, Market Strategies

Santosh Nair, Editor, Moneycontrol wraps the week's market action as well as shares with us what are market expectations from Budget 2019.

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Mi-17 aircraft brought down by IAF missile in Kashmir's Budgam, probe reveals

The IAF will initiate strong action against the guilty based on the report of the CoI

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Trump asks appeals court to reconsider Twitter-blocking case

The appeals panel concluded Trump's daily pronouncements and observations were overwhelmingly official in nature

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AAP govt starts process to provide free WiFi facility around Delhi

2,000 hotspots will be set up within 30 days in the first phase

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Food fight: Zomato slammed by NRAI for logging out of talks

NRAI thanked aggregators such as Dineout, Eazydiner, Magicpin and Nearbuy for rejigging their features to eradicate the deep discounting epidemic

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World's worst performing bank stocks; find out how many Indian lenders make the top 10

The data indicated that seven Indian banks were in the global top ten as the country struggles due to an economic slowdown.

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There's an increasing interest in the 'r-word' – recession, data suggests

Trends show that the 'recession' has become a much-searched word on Google in the recent times, with data reflecting a spike in search for the term in the month of August.

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Thursday, August 22, 2019

Cash Market | Ongoing flag pole pattern makes Ester Industries a buy

The stock is yet to break the flag given the weak small cap universe.

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Options Trade | Bearish trand may continue in Bank Nifty

A double ration spread with lower side protection trade on Bank Nifty.

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Cash Market | Downtrend to continue in Escorts

The stock is in a sharp downtrend and price break is likely below a minor swing low.

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Don't panic if name excluded from final NRC: Sarbananda Sonowal to Assam residents

Speaking to reporters here on the sidelines of a meeting, Sonowal said the state government and the Centre were making every effort to ensure publication of an error-free NRC.

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Brazil president says France's Macron has 'colonialist mentality' over Amazon fires

"The French president's suggestion that Amazon issues be discussed at the G-7 without participation by the countries in the region evokes a colonialist mentality that is out of place in the 21st century," Bolsonaro wrote on Twitter.

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Podcast | Stock picks of the day: Nifty hits fresh August lows; avoid bottom fishing at current level

It would be advisable to avoid bottom fishing at the current juncture.

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No political vendetta in action against Chidambaram: Shivraj Singh Chouhan

The Congress has come down heavily on the BJP government over the arrest of Chidambaram, accusing it of using the CBI and the ED as "personal revenge-seeking departments". The former Union minister was on Thursday sent to four-day CBI custody by a Delhi court, which said his custodial interrogation was justified in the case.

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Dharmendra Pradhan aims higher crude oil production from ONGC's Mehsana asset

"Mehsana is the largest onshore oil-producing asset of ONGC in the country. We produce around 2 million metric tonnes of crude oil from this unit every year. I am holding discussions with officials of ONGC on how we can increase the production," Pradhan told reporters here.

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PM Modi to launch $4.2 million redevelopment project of Hindu temple in Bahrain

In the first-ever Prime Ministerial visit by India, Modi, who arrives here on Saturday as part of his state visit, will launch the redevelopment of the Shreenathji (Shree Krishna) temple in Manama at a special ceremony.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.08 percent loss or 8.5 points.

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5 IT jobs that pay fat salaries: Find out how much these professionals are paid

Here are some top IT jobs that hand a hefty pay package, according to jobs site Indeed.

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Fragile States Index 2019: 10 most-vulnerable countries in the world

The Fragile States Index studied 178 nations to identify the most vulnerable countries in the world.

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Two Fed officials see no case for rate cut now; Kaplan 'open-minded'

Kansas City Fed President Esther George, who dissented against the U.S. central bank's decision to cut rates last month, and Philadelphia Fed President Patrick Harker, who said he "reluctantly" supported the rate cut, both said the U.S. economy does not need more stimulus at this point.

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Reliance seeks LNG cargo for October delivery: Sources

The refiner is seeking the cargo on a delivered ex-ship (DES) basis for delivery over October 5 to 14 into Hazira, one of the sources said.

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On The Ball | EPL 2019/20 Gameweek 3 preview: 'Table-toppers' Liverpool and Arsenal face-off

Both the teams have got off to a successful start and occupy the first and second spot on the league table.

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A morning walk down Dalal Street | Major sell-off possible if Nifty fails to hold 10,718

If Nifty slips below 10,718 on Friday then it can head further down towards the zone of 10,600–10,524 where it should ideally bottom before witnessing any meaning full pullback rally.

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North Korea says ready for dialogue or confrontation with US

Working-level talks between the United States and North Korea have yet to restart since stalling after the failed second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Hanoi in February.

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Oil prices eke out small gains ahead of Fed Chair speech

Brent crude rose 10 cents to $60.02 a barrel by 0118 GMT, while U.S. crude futures were at $55.38 a barrel, up 3 cents. Both contracts were on track for a second weekly gain.

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Japan's July core inflation hovers at two-year low, adds pressure on BoJ

The core consumer price index, which includes oil products but excludes fresh food prices, rose 0.6% in July year-on-year, matching economists' median estimate.

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Market Live: SGX Nifty indicates flat start for Indian indices

Trends on SGX Nifty indicate a flat opening for the broader indices in India.

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Stocks in the news: BHEL, RCF, Aarti Drugs, CG Power, Technocraft, Tamil Nadu Newsprint, Kennametal

Technocraft Industries | Tamil Nadu Newsprint | Infosys | Kennametal | Shivam Autotech and Kamdhenu are stocks which are in the news today.

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S&P 500 stalls in economic data offset, ahead of Fed chair's speech

The Dow Jones Industrial Average rose 49.51 points, or 0.19%, to 26,252.24, the S&P 500 lost 1.48 points, or 0.05%, to 2,922.95 and the Nasdaq Composite dropped 28.82 points, or 0.36%, to 7,991.39.

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Asian stocks shaky before Powell's speech as growth woes weigh

MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.1% lower, though it was up 0.6% for the week and on track to break a four-week losing streak.

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Wednesday, August 21, 2019

Cash Market | Downtrend to continue in Tata Steel

Price break below a 4-day sideways pattern which is a flag that suggests a continuation of the downtrend

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Cash Market | Post inverse Head and Shoulders breakout, Suven is a buy

Breakout of an inverse Head and Shoulders pattern on good volumes is over

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Futures Market | Bearish follow-through pattern in Motherson Sumi Systems

The stock may break significant support levels and stay weaker.

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Options Trade | Bearish trend to continue in IndusInd Bank

The stock is in sideways trend with high volatility

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India needs to reduce ecommerce restrictions to revive economy: Amazon executive

"There is so much opportunity to just let ecommerce thrive versus trying to define every single guard rail under which it should operate," Amazon's India head Amit Agarwal told Reuters, ahead of the launch of Amazon's biggest campus in the world in the southern Indian city of Hyderabad, on Wednesday.

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North Korea says US cruise missile test, military moves 'dangerous,' still committed to dialogue: Report

North Korea remains unchanged in its position to resolve all issues through dialogue and negotiation, a North Korean Foreign Ministry spokesman said, but "dialogue accompanied by military threats is of no interest to us," according to state media KCNA.

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Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

Minutes from the two-day meeting released on Wednesday showed policymakers' ultimate decision to lower the central bank's benchmark interest rate by a quarter percentage point drew more opposition than was reflected in the rate-setting panel's 8-2 vote, announced after the meeting adjourned on July 31.

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Fed debated bigger rate cut, wanted to avoid appearing on path for more cuts

The U.S. central bank cut rates by 25 basis points at the close of its July 30-31 meeting, with minutes of the meeting published on Wednesday showing broad concern among policymakers over a global economic slowdown, trade tensions and sluggish inflation.

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Japan August manufacturing shrinks for fourth month as export orders fall: Flash PMI

But services sector activity expanded at the fastest pace in nearly two years, suggesting resilient domestic demand is continuing to offset some of the strong external pressures on the economy.

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Donald Trump attacks Ford Motor for not backing fuel economy rollback

Ford is one of four automakers, along with Honda Motor Co , BMW AG and Volkswagen AG , that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of the right to fight climate change by setting its own standards.

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Japan says gaps remain with US on trade after 'very tough' talks

Motegi is visiting Washington, D.C., for talks with U.S. Trade Representative Robert Lighthizer, where the two sides hope to narrow gaps on areas such as agriculture and automobiles in order to clinch an early bilateral deal.

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Defence Minister Rajnath Singh, IAF Chief to visit France next month to take delivery of first Rafale

They said top military brass of France as well as senior officials of the Dassault Aviation, the makers of Rafale, will also be present at the handing over ceremony which is likely to be held on September 20.

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IAF's Abhinandan Varthaman starts flying MiG 21

Varthaman returned to the fighter cockpit, nearly six months after sustaining injuries while ejecting from a fighter plane during an aerial combat between India and Pakistan on February 27.

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Podcast | Stock picks of the day: Next immediate support for Nifty50 is placed at around 10,750

The next immediate support for Nifty50 is placed at around 10,750 and then towards 10,600 levels, while resistance is observed at 11,110 and then towards 11,200 levels.

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'Seriously looking' to end birthright citizenship: Donald Trump

"Birthright citizenship where you have a baby on our land, you walk over the border, have a baby, congratulations, the baby is now a US citizen. We're looking at it very, very seriously," Trump said.

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US to hold intersessional meeting of 2+2 Dialogue with India today

The intersessional meeting is aimed at strengthening the strategic partnership, the State Department said on Wednesday.

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Stocks in the news: LIC Housing, BHEL, Coffee Day, Redington, Jagran Prakashan, Urja Global

Coffee Day Enterprises | Redington India | Jagran Prakashan | Urja Global | Tasty Dairy and Aspira Pathlab are stocks which are in the news today.

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Raj Thackeray to appear before ED today

An MNS worker allegedly committed suicide in neighboring Thane, and the party claimed on Wednesday that he took the step because he was upset by the ED's notice to its leader.

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Market Live: Indian indices likely to open lower on mix global cues



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Wall Street rises as Target, Lowe's results point to consumer confidence

The Dow Jones Industrial Average rose 240.29 points, or 0.93%, to 26,202.73, the S&P 500 gained 23.92 points, or 0.82%, to 2,924.43 and the Nasdaq Composite added 71.65 points, or 0.90%, to 8,020.21.

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Asia shares find support, still waiting on stimulus

Japan's Nikkei added 0.4% and Australian shares 0.3%, while E-Mini futures for the S&P 500 rose 0.2%.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.11 percent loss or 12.5 points.

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A morning walk down Dalal Street | Sell-off could intensify if Nifty dips decisively below 10,900

The falling near the lower end of the range indicates the market is in bears' control, and rising volatility is giving putting sustained pressure at every bounce.

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Tuesday, August 20, 2019

Trump wants Russia to rejoin G-7 group

During the previous Obama Administration, Russia was kicked out of the group which was originally G-8 countries comprising the US, Canada, France, Germany, Italy, Japan, United Kingdom and Russia.

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Workers of Ordnance factories begin 1-month strike to protest govt's 'corporatisation' plans

The strike claimed that 'corporatisation' of the Kolkata-headquartered organisation will eventually lead to its privatisation.

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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com recommends buying Maruti Suzuki with target at Rs 6450 and stop loss at Rs 6030 and Tata Consultancy Services with target at Rs 2240 and stop loss at Rs 2170.

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No evidence that India is running afoul of US sanctions: Official

Hook was responding to a reporter's questions alleging that India is violating the US sanctions through the Chabahar port which it is building in Iran for the purpose of Afghanistan.

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Lenders may be forced to convert Rs 45,000cr of their DHFL debt into equity: Union Bank

DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers, which are not regulated by RBI

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Congress MLA Nirmala Gavit quits, may join Shiv Sena

Sources said Nirmala Gavit was set to join the Shiv Sena in the presence of its president Uddhav Thackeray at his residence on August 21.

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SC seeks Centre's reply on Facebook's plea over linking social media accounts with Aadhaar

The top court agreed to hear the Facebook plea and sought responses of Centre and the social media platforms by September 13.

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Central Bank to raise upto Rs 3,000 crore core capital from markets

Mohapatra said the bank will be coming out with repo- linked loans by September end in the retail segment for new loans and existing borrowers can also switch to the new lending benchmark for a fee.

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Karnataka govt orders CBI probe into multi-crore IMA ponzi scheme

According sanction to the CBI, the government in its order said it would investigate all the FIRs registered against the IMA and its group entities

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CBI action against P Chidambaram 'political vendetta': Congress

Delhi High Court on August 20 rejected Chidambaram's anticipatory bail, saying he seems to be the "kingpin" and "key conspirator" in the INX media case

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Cash Market | Bearish engulfing pattern in Axis Bank

Prices likely to hit downtrend line, just below the current downtrend line.

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Futures Market | Bearish pattern in Escorts near important levels

Escorts is testing a very significant support level which has got tested multiple times in the past

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Options Trade | Bearish trend in L&T Finance Holdings may continue

An iron condor without upper side protection with volatility being neutral.

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Cash Market | Post inverse Head and Shoulder pattern breakout, Maruti is a buy

The inverse Head and Shoulders pattern breakout is over

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10 apps where Indians spent the most in 2018: Tinder takes 2nd spot, find out which is No 1

Here is a list of the top 10 mobile apps based on the revenue generated by them in 2018, according to the Digital India 2019 report.

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INX Media case LIVE: SC to hear P Chidambaram's plea against Delhi HC order today

Live updates of the situation developing around the INX Media case. Delhi HC rejected ex-union minister P Chidambaram's anticipatory bail plea yesterday. SC will hear his plea against Delhi HC order today

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.17 percent loss or 19 points.

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Market Live: SGX Nifty indicates flat start for Indian indices

Trends on SGX Nifty indicate a flat opening for the broader indices in India.

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Stocks in the news: SPARC, SpiceJet, Alembic Pharma, Dr Reddys Labs, United Spirits, Deepak Nitrite

Alembic Pharma | Dr Reddy's Labs | United Spirits | HDIL | Deepak Nitrite | IOL Chemicals and Freshtrop Fruits are stocks which are in the news today.

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Asian shares fall on recession fears; eyes on Fed minutes

Japan's Nikkei slipped 0.6%, Australian shares were 0.8% lower and South Korea's KOSPI index was a shade weaker.

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Wall Street rally ends as financial shares slide

The Dow Jones Industrial Average fell 173.35 points, or 0.66%, to 25,962.44, the S&P 500 lost 23.14 points, or 0.79%, to 2,900.51 and the Nasdaq Composite dropped 54.25 points, or 0.68%, to 7,948.56.

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A morning walk down Dalal Street | Negative bias likely to continue towards 10,900

If bears manage a close below the critical support of 10,900 then a directional move on downside shall emerge which should ideally threaten the recent corrective swing lows of 10,782 levels.

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Trump offers to mediate 'explosive' Kashmir standoff

The development came a day after Trump spoke separately to PM Modi and Pakistan's Imran Khan in his bid to ease fresh Indo-Pak tensions

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Monday, August 19, 2019

Priyanka Gandhi takes dig at Modi govt over RSS tweet

She cited an RSS tweet mentioning that all issues in society should be resolved through cordial dialogue to attack the government over its actions in Jammu and Kashmir.

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Amazon can now ‘smell’ your fear, launches update for facial recognition tool – Rekognition

The announcement comes at a time when the firm is marketing the software aggressively to law enforcement agencies and the immigration department.

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Donald Trump seeks to sue Google for 'manipulating votes' in 2016 elections

"Wow, Report Just Out! Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election! This was put out by a Clinton supporter, not a Trump Supporter! Google should be sued," Trump tweeted.

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Qamar Javed Bajwa's extension will send wrong message that Pakistan Army is dependent on 'one or two individuals': Opposition

Bajwa's term has been extended for another three years by Prime Minister Imran Khan in view of the "regional security environment".

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India, Latvia can be vital partners as world economy move towards 4th Industrial Revolution: Venkaiah Naidu

The vice president is on the second leg of his five-day three-nation tour to Lithuania, Latvia and Estonia, the first ever high-level visit from India to the three Baltic countries.

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UP govt increases VAT on petrol, diesel

The Value Added Tax (VAT) on petrol has been increased to 26.80 per cent or Rs 16.74 per litre (whichever is higher) and on diesel 17.48 per cent or Rs 9.41 per litre (whichever is higher), according to an official order.

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Stocks in the news: Tata Motors, HFCL, Vodafone Idea, MRPL, DHFL, Kwality, LT Foods

Tata Motors | Vodafone Idea | MRPL | National Fertilizers and Opto Circuits are stocks which are in news today.

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Donald Trump, UK's Boris Johnson discuss Brexit, economic issues in call

"Great discussion with Prime Minister @BorisJohnson today. We talked about Brexit and how we can move rapidly on a US-UK free trade deal. I look forward to meeting with Boris this weekend, at the @G7, in France!" Trump said in a post on Twitter.

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New anti-surveillance clothes can dodge CCTVs by making you look like a car

The designer of the clothing line said the newly launched garments upheld the need to make unwarranted surveillance less invasive

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Market Live: SGX Nifty indicates flat start for Indian indices

Trends on SGX Nifty indicate a flat opening for the broader indices in India.

from Moneycontrol https://ift.tt/2KOvrKY

Rain death toll in North India climbs to 37; floods in parts of Haryana, Punjab

The water level rose above the danger mark in Haridwar and Delhi and the level at Bhakra dam was a foot above the permissible mark

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Saudi Aramco asks banks to pitch for roles in IPO: Sources

Aramco's planned IPO, which could potentially raise $100 billion, is the centrepiece of Saudi Arabia's economic transformation drive to attract foreign investment and diversify away from oil.

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General Electric fortifies defence against charges of bogus accounting

The 175-page report, published on Thursday by Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, renewed concern about GE's finances and sent its stock tumbling.

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Visa critical of India's move towards no-fee debit card transactions

Last month, India's Finance Minister Nirmala Sitharaman said that businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate on debit card and other digital modes of transactions, excluding credit cards.

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Stocks in the news: Tata Motors, Vodafone Idea, MRPL, National Fertilizers, Opto Circuits

Tata Motors | Vodafone Idea | MRPL | National Fertilizers and Opto Circuits are stocks which are in news today.

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Asian shares nudge higher on stimulus hopes, recession fears ease

MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.04%, while Japan's Nikkei jumped 0.47%. The improved mood was helped by a rally on Wall Street overnight, with the S&P 500 gaining 1.21%

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China accused of using Twitter, Facebook against Hong Kong protests

Facebook said a tip from Twitter led to the removal of a network of pages, groups and accounts originating in China and involved in "coordinated inauthentic behaviour" focusing on Hong Kong.

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US Steel plans to lay off hundreds of workers in Michigan

In a Worker Adjustment and Retraining Notification filed on Aug. 5, the Pittsburgh-based company said it expects to let go fewer than 200 workers following its decision to halt production at the Michigan facility.

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BJP accuses Prashant Kishor's team of interfering in functioning of West Bengal govt

The ruling Trinamool Congress (TMC) and Kishor's organisation- the Indian Political Action Committee (I-PAC)- denied the allegations.

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Army was ready for conventional war with Pakistan in run up to Balakot strikes: Sources

The Indian Army was prepared for a conventional warfare with Pakistan which would have included going inside Pakistan, the sources told PTI.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.15 percent loss or 16.5 points.

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ISRO to inject Chandrayaan 2 into lunar orbit today

There will be four more orbit manoeuvres to make the spacecraft enter into its final orbit passing over the lunar poles at a distance of about 100 km from Moon's surface

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A morning walk down Dalal Street | Upward momentum should strengthen further if Nifty closes above 11,150

Bank Nifty needs to hold and sustain above 28,200 levels to witness a bounce towards 28,500 then 28,750 levels, while on the downside supports are seen at 28,000 then 27,750 levels, experts said.

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Sunday, August 18, 2019

China's central bank says new loan benchmark to be based off medium-term liquidity

China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United States.

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Donald Trump says buying Greenland 'a large real estate deal'

In remarks to reporters on Sunday, Trump cast the possible purchase as a strategic move by the US but not a top priority for his administration.

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Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term

Prakash Gaba of prakashgaba.com suggets buying Bajaj Auto Pharma with target at Rs 2810 and stop loss at Rs 2717.

from Moneycontrol https://ift.tt/2KSqtNB

Market Live: SGX Nifty indicates positive start for Indian indices

Trends on SGX Nifty indicate a positive opening for the broader indices in India

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US having 'very good' discussions with Taliban: Donald Trump

Expectations are rising for a deal in which the United States would start withdrawing its soldiers from Afghanistan after nearly two decades of war that has ground into a stalemate.

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'Tiananmen Square' crackdown in Hong Kong would harm trade deal: Donald Trump

Hong Kong has been roiled by protests for more than two months and on Sunday hundreds of thousands of democracy activists had marched peacefully in the city despite rising unrest and stark warnings from Beijing.

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Would be unwise to turn to Pakistan as strategic partner, says US expert

"The US would be unwise to turn to Pakistan as a strategic partner," Richard N Hass, president of the Council on Foreign Relations, wrote in an op-ed last week.

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Bajaj Auto hikes stake in holding company, invests Rs 1,200 crore in six months

The secondary market has seen a significant spike in interest for BHIL shares thanks to the buying spree of Bajaj Auto

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China warns Canada to stop meddling in Hong Kong

Canada and the EU issued a joint statement on Saturday saying the right of peaceful assembly is enshrined in basic law in Hong Kong.

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UK minister Michael Gove: No-deal Brexit will mean 'bumps in the road'

"It is the case, as everyone knows, that if we do have a 'no-deal' exit there will inevitably be some disruption, some bumps in the road. That's why we want a deal," Gove told reporters.

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Podcast | Stock picks of the day: Nifty likely to trade in a range of 11,250-10,900

The Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy.

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Iran says US move on north Syria safe zone is 'provocative'

The United States and Turkey last week agreed to set up a joint operations centre for a proposed zone along Syria's northeast border.

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Sharad Pawar calls leaders who quit NCP as 'crows'

Opposition parties in Maharashtra, particularly the NCP, witnessed its MLAs and key leaders joining the BJP and Shiv Sena in July

from Moneycontrol https://ift.tt/2MpLxOD

Cash Market | A breakout trading opportunity in RBL Bank

RBL Bank  is once again testing its resistance area. Any positive move in the banking sector can set this stock flying.

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Options trade | An option strategy to gain from a moderately bearish movement in Tata Motors

An Iron Butterfly trade without upper side protection to gain from its sideways to the slightly bearish move

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Cash Market | A flag pattern breakout trade in HDFC AMC   

HDFC AMC is in a strong trend and has formed a three bar flag type of a pattern indicating a trend continuation.

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Future’s Market | A bullish triple-bottom trade on the point and figure chart

Axis Bank has formed a traditional triple bottom support formation and has broken an important trend line. A bullish follow-through pattern has activated bullish Point and figure targets.

from Moneycontrol https://ift.tt/2KXsnfR

Rajnath, Kejriwal among several leaders who visited AIIMS to enquire about Jaitley's health

Sources said on August 18 evening that the former finance minister is on Extracorporeal Membrane Oxygenation

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Rename JNU after PM Modi: BJP MP Hans Raj Rans

His remarks on August 17 drew sharp reactions from some quarters, including the Congress and the JNU students' union

from Moneycontrol https://ift.tt/2z4OOdz

What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, a with 0.23 percent loss or 25 points. Nifty futures were trading around 11,079-level on the Singaporean Exchange.

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Stocks in the news: Sun Pharma, Coffee Day, Bosch, Ujjivan Financial, Talwalkars Better, Info Edge

Bosch | Ujjivan Financial Services | Talwalkars Better Value Fitness | Info Edge | DCM | Kridhan Infra and Cupid are stocks which are in the news today.

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Asia stocks rise as stimulus, policy hopes calm nervous investors

Australian stocks added 0.7%, South Korea's KOSPI advanced 0.5% and Japan's Nikkei rose 0.7%.

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A morning walk down Dalal Street | Nifty may consolidate with near-term support at 10,900

As long as the index sustained above the said low, a breakout above the 28-day old descending channel could be expected, which was in progress from July highs of 11,981 levels, suggest experts.

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Saturday, August 17, 2019

India should use Israeli model of drip irrigation system; suggests Indian expert

Speaking at an event on August 17, Popatrao Pawar also called for cultivating crops based on climate or crop patterning and putting an end to flood irrigation, a common process of irrigation across India.

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Sukku Kaapi: This Traditional Coffee And Tea Alternative Is Back In The Mix

Sukku is the Tamil word for dried ginger. It's the key ingredient in this beverage that's both healthy and invigorating

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Global factors to determine market trend this week: Experts

Concerns over economic slowdown, muted earnings, crisis in the auto industry and global trade issues have been weighing on investor sentiment, experts said.

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India vs West Indies A Warm-up game: Pujara 100 and Rohit 68 take India to 297/5 on Day 1

Pujara's century helped India steady their innings after initial wobble.

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ONGC adopts new 'Energy Strategy 2040', targets doubling of oil, gas production

The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields.

from Moneycontrol https://ift.tt/30nlgUB

RSS chief Mohan Bhagwat hopeful that NEP will be rooted in Indian culture, ethos

The BJP-led NDA government has been working on drafting a new education policy. In July after coming to power at the Centre for the second time, a draft NEP was released

from Moneycontrol https://ift.tt/2KQ0Bld

FPIs pull out Rs 8,319 crore so far in Aug amid persisting negative sentiment

According to the depository data, foreign portfolio investors (FPIs) sold equities worth Rs 10,416.25 crore on a net basis during August 1-16 period.

from Moneycontrol https://ift.tt/2KPGnbs

What are bull, bear markets and how to tackle them

In simple terms, a 'bull market' is when the market moves higher and a 'bear market' is when the market moves lower

from Moneycontrol https://ift.tt/2YU8mAC

Nine of top 10 firms lose Rs 84,354 crore in market valuation

In the ranking of top-10 firms, TCS remained at the number one position followed by RIL, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI.

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These 9 midcap, smallcap stocks look attractive in a fragile market: Do you own any?

Market experts advise a prudent, stock-specific approach in such an uncertain market

from Moneycontrol https://ift.tt/2HcEODh

Donald Trump discusses China's 'wrongful detention' of Canadian citizens in call with PM Trudeau

Relations between China and Canada took a hit last December after Vancouver police detained Meng Wanzhou, the chief financial officer of Huawei Technologies Co, on a U.S. arrest warrant.

from Moneycontrol https://ift.tt/2P08aLF

Volatility needs to cool down if Nifty has to attract some bounce back move

On the Option strategy front, traders can go with Bull Call Spread or Call Ladder spread to play the positive to restricted upside bias of the market

from Moneycontrol https://ift.tt/2P16HEE

RSS chief Mohan Bhagwat hopeful that NEP will be rooted in Indian culture, ethos

The BJP-led NDA government has been working on drafting a new education policy. In July after coming to power at the Centre for the second time, a draft NEP was released

from Moneycontrol https://ift.tt/2Zb4drl

Bhupinder Hooda's Rohtak rally today, amid suspense over political future

Hooda, a prominent Jat face of Haryana, and state Congress chief Ashok Tanwar, a Dalit leader considered close to former Congress president Rahul Gandhi, have been sparring over several issues for years

from Moneycontrol https://ift.tt/2ZaMikw

Very heavy rainfall in Rajasthan, rivers in spate

Several rivers and dams are overflowing in the state and adequate measures are being taken to keep the situation under control, officials said

from Moneycontrol https://ift.tt/2NfagVd

Dozens dead or hurt in wedding party blast in Afghan capital

More than 1,000 people had been invited, one witness said, as fears grew that it could be the deadliest attack in Kabul this year.

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Restrictions on movement of people eased, landline services partially restored in Kashmir

Restrictions have been relaxed in 35 police station areas of Kashmir while 17 out of 96 telephone exchanges have been made functional

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Don't get carried away by any rise, fall is on cards

All European markets are on the verge of breaking major support levels and traders need major level caution on long side

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Dabur, Rallis and Britannia among 3 stocks that investors could buy after fall

We feel Nifty would further consolidate in the coming week within a broader range of 10,750-11,250 and either side breakout will trigger the next directional move, says Ajit Mishra, Vice President, Research, Religare Broking Ltd

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Spandana Sphoorty Financial to list on August 19: Will it debut at premium or discount?

Astha Jain, Senior Research Analyst at Hem Securities expects Spandana Sphoorty not to list at premium to issue price

from Moneycontrol https://ift.tt/2NiwIx3

After end of Q1 earnings season, here are 10 key factors that will keep traders busy this week

Investors will keep a close watch on the progress of the US-China trade talks, movement of crude oil prices and the rupee/dollar

from Moneycontrol https://ift.tt/33DjSip

Arun Jaitley on life support, top leaders visit AIIMS

The 66-year-old leader has been put on life support system and a multidisciplinary team of doctors is monitoring his condition, reports suggest

from Moneycontrol https://ift.tt/33J17Ko

Fire at AIIMS forces evacuation of patients; virology unit gutted, samples destroyed

The fire started at around 5.00 pm from the Microbiology department and thick plumes of smoke billowed from the building, triggering panic among the patients, attendants and staff, and affecting emergency services

from Moneycontrol https://ift.tt/2THjmvt

Friday, August 16, 2019

Week in 5 charts: Market ends lower in 3-day trading; midcaps seen major cut, rupee down

The Sensex was down 231.58 points to end at 37,350.33 while Nifty ended lower 11,047.8, down 61.85 points last week.

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Small & Midcaps underperform in a truncated week; 47 stocks fell 10-30% in 3 days

The S&P BSE Smallcap index was down 0.91 percent while the S&P BSE Midcap index fell 1.32 percent for the week ended August 16.

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US President Donald Trump asks Pak PM Imran Khan to resolve tensions with India bilaterally

The phone conversation between Donald Trump and Imran Khan took place before the close-door-consultation of the 15 members of the UN Security Council in New York.

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Rajasthan CM Ashok Gehlot orders reprobe into Pehlu Khan lynching case, to appeal against acquittals also

The CM took the decision in a high-level review meeting held for examining the shortcomings in the probe and the findings of the court, said an official statement.

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Emami aims at 15% revenue growth in haircare segment in FY20

Actors like Amitabh Bachchan, Shahrukh Khan and Juhi Chawla have endorsed Emami products over the years.

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The Moneycontrol Show │ Financial freedom, Market Strategies

Tarun Birani, Founder and CEO of TBNG Capital joins in to explain how millennials should plan their investments to be financially free by the age of 40.

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Pakistan gets backing only from China at UNSC meeting on Kashmir: Newspaper

The meeting took place behind closed doors with only the five permanent members and the 10 non-permanent members attending it.

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This week in Auto: Maruti Suzuki lays off 3,000 workers; Bajaj Pulsar going the Discover way?

Here is a look at all the major headlines in the automotive space this week

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Tejashwi Yadav skips crucial RJD meet held at Rabri Devi's residence

The absentees also included Lalu Prasad's elder son Tej Pratap Yadav an MLA and eldest daughter Misa Bharti, who is a member of the Rajya Sabha.

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IICT signs agreement with Sun Pharma towards out-licensing of patents on NCEs

When new compounds are sought to be used as drug candidates, they are named as NCEs, IICT sources said.

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Ebola outbreak spreads to third province in eastern Congo

The local Ebola response team has identified more than 120 people who may have been infected with the Ebola virus by contact with the woman and her child.

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Kim Jong Un expresses 'great satisfaction' over weapons tests

North Korea has also ignored South Korean calls for dialogue recently and is seen as trying to force Seoul to make stronger efforts to coax major concessions from Washington on its behalf.

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Situation in Kerala, Karnataka improves; toll now 176

Over five lakh people have been housed in 1,758 relief camp in these three states.

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You could now be publicly shamed by HR for not accepting a job offer

Candidates who “ghost” future employers are being named and shamed on social media

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Ending Kashmir's special status entirely internal matter with no external ramifications: India

Akbaruddin asserted that there are normal diplomatic ways when countries deal with each other.

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Stop terror to start talks: India to Pakistan after UNSC meeting on Kashmir

According to UN records, the last time the UN Security Council discussed the Kashmir issue was in 1965.

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President Kovind, Home Minister Shah, UP CM Adityanath visit AIIMS; Arun Jaitley's condition critical, say sources

The AIIMS has not issued any bulletin on Jaitley's health condition since August 10

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Golden Crossover suggests buying in United Spirits – here’s why

We recommend buying United Spirits (McDowell) above Rs 600-604 levels with a stop loss of Rs 554 for higher targets of Rs 676.

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How structured products may enhance returns significantly

A structured product is an instrument that can be tailored in multiple ways

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Wall Street ends sharply higher on German stimulus optimism

The Dow Jones Industrial Average rose 306.62 points, or 1.2%, to 25,886.01, the S&P 500 gained 41.09 points, or 1.44%, to 2,888.69 and the Nasdaq Composite added 129.38 points, or 1.67%, to 7,895.99.

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Kashmir may now taste the benefits of globalization after 28 years

Even though the long-term effects of this move are yet to be seen in a concrete form, this came as a bold move by the Modi government and reinstated the faith of the public.

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FPI exodus on, banking and financial sector bear the brunt

Overseas investors withdrew Rs 3,002 crore in July 2019, NSDL data shows. The selling in the equity market counterbalanced by the influx of Rs 9,433 crore in the debt segment.

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Remain invested in stocks which are hitting 52-week high with strict stop loss

The short covering can take the Nifty50 back towards 11,350. However, 10780 should hold good in August provided there is no negative surprise from international markets.

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Thursday, August 15, 2019

Yediyurappa to visit Delhi to finalise cabinet expansion

The Chief Minister, who will leave for the national capital tonight, would meet Prime Minister Narendra Modi and a host of union ministers during his visit. Yediyurappa said he would also discuss several developmental works concerning the state and central relief to flood and ravaged districts.

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PM Modi's Independence Day speech gives little hope for betterment of people's lives: Mayawati

Talking about the situation in Jammu and Kashmir, she said the government should make people of the state feel that it is actually working for their welfare as the Modi dispensation claims.

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Market Live: Higher SGX Nifty indicates strong opening, Asia stocks mixed

SGX Nifty gained 61 points, indicating positive opening for market.

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US Congresswoman urges India, Pakistan to promote peace, protect human rights

According to a top UN diplomat, a request for such a meeting was submitted very recently, and could take place as early as Friday. The move by China, an all-weather ally of Pakistan, came after Islamabad wrote a letter seeking a meeting.

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China doing very poorly as a result of trade war: Donald Trump

Asserting that the United States is "having a very good discussion" on a trade deal with China, Trump told reporters at the Morristown airport in New Jersey that he will speak with Chinese President Xi Jinping "very soon".

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Cover your home loan with a credit shield insurance policy

This insurance helps fulfil the basic purpose of buying a house—that of taking care of the family, more so in your absence.

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Top buy and sell ideas by Mitessh Thakkar, Prakash Gaba, Jai Bala for short term

Mitessh Thakkar of mitesshthakkar.com recommends selling Kotak Mahindra Bank with a stop loss of Rs 1502 and target of Rs 1460 and Britannia Industries with stop loss of Rs 2520 and target of Rs 2400.

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Apple says it supports 2.4 million US jobs

The iPhone maker said its direct workforce grew from 80,000 to 90,000 in the 2-1/2 years since its last U.S. job estimate. But most of the estimated growth came from companies such as Broadcom Inc which make parts in the United States for Apple products and from third-party software developers making apps for Apple devices.

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Japan says no threat to its security from North Korea projectile launch

The ministry said in a statement it had not confirmed any ballistic missile flight to Japan's territory or its exclusive economic zone.

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North Korea fires projectiles, rejects South Korea's dialogue pledge

The North has protested against joint military drills conducted by South Korea and the United States, which kicked off last week, calling them a rehearsal for war. It has fired several short-range missiles in recent weeks.

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Stocks in the news: Tata Motors, Indiabulls Housing, HEG, IDBI Bank, Hitachi Air, Galaxy Surfactants

Indiabulls Housing Finance | HEG | IDBI Bank | Hitachi Air | Galaxy Surfactants and Titagarh Wagons are stocks which are in the news today.

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SoftBank convertible note helped cut WeWork losses

The gain reduced the pace of expanding losses in the first six months of this year to a 25% increase from a year earlier rather than almost doubling it.

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Samsung Display may suspend output at South Korean LCD plant: Spokeswoman

Samsung Display currently operates two LCD production lines in South Korea and one in China.

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After 48 years, UN Security Council will talk Kashmir

It was in 1971 that the UNSC last discussed Kashmir after India and Pakistan fought a war which later led to the creation of Bangladesh

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Options trade | An option trade to take advantage of high volatility in Indiabulls Housing

A bearish to sideways move in Indiabulls Housing finance will benefit from double ratio spread with lower side protection strategy.

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Cash Market | A bullish rounding bottom pattern in BPCL                                                                                            

Price rebounds from its major support and forms a rounding bottom type of a pattern. There is also a positive divergence in MACD and a subsequent buy signal.

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Cash Market | A breakout trade in Dhampur Sugar on positive news flow

Dhampur Sugar rise has been on good volumes with support of news reports of the government subsidizing sugar exports. Technically it has broken through a strong trendline and may head higher.

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Future’s  Market | Strong momentum and bullish continuation pattern in Bajaj Auto

Bajaj Auto is among the stronger stocks in the Auto sector and has taken support at significant levels. It has formed a strong bullish continuation pattern on a short-term chart.

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Donald Trump says China talks 'productive'; Beijing vows tariff retaliation

"September, the meeting is still on as I understand it, but I think more importantly than September, we're talking by phone, and we're having very productive talks," Trump told reporters in New Jersey.

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Podcast | Stock picks of the day: Close above 11,150 crucial for upside in Nifty to continue

For the rally to sustain, the index needs to close above 11,150-11,181 on a sustainable basis for any bounce back towards 11,350 levels.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, a with 0.37 percent gain or 40 points.

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Rags to Forbes: This photographer once survived on people’s leftover food

He probably would have continued to live like that had a doctor not introduced him to an NGO called Salaam Balak

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A morning walk down Dalal Street | Nifty likely to stay rangebound unless 11,145–10,901 is broken on either side

A close above 11,078-level should suggest some strength in the index, whereas a close above 11,145 would accelerate upward momentum.

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Wednesday, August 14, 2019

Lenovo warns of price hikes to absorb US tariffs, shares slide

Lenovo's warning amid mounting business uncertainty due to the US-China trade war cast doubt on its sales outlook and took the shine off forecast-beating quarterly results where robust PC sales helped the company more than double its profit.

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Centre will invest Rs 100 lakh cr on infra, $5 trillion economy target achievable: PM Modi

Modi said political stability through a massive mandate for his government, alongside predictable policy, provides a unique opportunity for India to grow

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PM Modi dons multi-coloured turban for Independence Day speech

"Safa" has been a highlight of the PM's sartorial choices at Independence Day and Republic Day events.

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Independence Day Speech | Modi is a man in a hurry, can India run with him?

If one were to roughly cut his Independence Day speech, for about 30 minutes Prime Minister Narendra Modi spoke about what his government had achieved; the remaining part of about an hour was what the government intends to achieve.

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PM Modi gives clarion call to farmers to cut usage of chemical fertilisers, pesticides

Indian farmers, who are heavily dependent on monsoon rains for their crops, use about 55 million tonne urea and phosphatic and potassic (P&K) fertilisers each year for higher yields

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Here are key highlights from PM Modi's 73rd Independence Day speech

To boost exports, Modi said he aims to focus on making local products attractive and give rise to more export hubs

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Pakistan to give top military awards to two pilots for downing Indian jet

The investiture ceremony will be held on March 23 next year after Pakistan Day parade in the capital, Paistan Army said in a statement.

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Fund managers managing over Rs 6 lakh cr bet on tech, consumer & private banks in July

Total AUM of domestic MFs increased 1.2 percent MoM to Rs 24,50,000 crore in July after declining 6.5 percent in June, led by inflows in income and debt-oriented, equity and ETF schemes

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China asks for UN Security Council to discuss Kashmir this week: diplomats

The Himalayan region has long been a flashpoint in ties between the nuclear-armed neighbors.

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Healthy Snack: Make A Healthier Version Of Sev Puri – Mumbai's Popular Street Food

This multigrain sev puri retains the essence of the typical snack but adds up on some nutritious foods

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Global stocks routed, oil sinks as bond markets flash recession warning

The US stock futures managed to steady a little in Asian trading, erasing earlier losses.

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Pick these 5 stocks for 22-38% returns by next Independence Day

Historically, the midcap and smallcap index haven’t given negative returns for two consecutive years, hence there is a good chance of a recovery from here on

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Employees urge Google not to work with US immigration officials

The petition demanded that the Silicon Valley-based company publicly commit not to support Immigration and Customs Enforcement, the Office of Refugee Resettlement, and CBP.

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What should be your ultimate objective while trading?

Independent thinking is not a thing which can be achieved overnight, but can be achieved with practice and patience

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Multi-layered security in Delhi for Independence Day celebrations

Around 500 CCTV cameras have been installed around the venue, where ministers, bureaucrats, foreign dignitaries and common people have gathered to hear the prime minister address the nation.

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Does instant delivery from online shopping harm the environment?

There are multiple studies which show that getting stuff delivered to you instantly maybe impacting the environment.

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Reporter's Take | OYO to enter the food space with its coffee chain The French Press

The Softbank-backed company has launched an outlet each in Delhi and Bengaluru and will open at least a dozen more soon.

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Multi-layered security in Delhi for Independence Day celebrations

Around 500 CCTV cameras have been installed around the venue, where ministers, bureaucrats, foreign dignitaries and common people have gathered to hear the prime minister address the nation.

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'Investors should ignore the noise; market could return 15-20% in a bull scenario'

For retail investors, it is important to focus on longer term horizons, says Mihir Vora, Director and CIO at Max Life Insurance.

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BSE, NSE shut today on account of Independence Day

Wholesale commodity markets, including metal and bullion, too are closed for trade. There will be no trading activity in forex and commodity futures markets as well.

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Clueless market eyes policy measures; invest in largecaps that corrected in July

Market is eagerly looking forward to some sort of stimulus by the government to kick-start growth, without which it would be difficult for corporates to report sustainable growth.

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Despite sharp fall, these 16 midcaps, smallcaps rallied 32-87% since last Independence Day

As a result among BSE 500 index, around 75 percent of shares turned lower for the year, but there are some stocks not only gained but also outperformed others by a wide margin.

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Independence Day Narendra Modi speech LIVE: PM to address nation shortly

Welcome to the live coverage of Prime Minister Narendra Modi's speech from the ramparts of the Red Fort.

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Tuesday, August 13, 2019

Infosys to offer telematics solutions to Toyota Material Handling North America

As the development partner for TMHNA Global Telematics Solution (GTS), Infosys will enable remote monitoring and diagnostic capabilities including vehicle access control, system maintenance, condition sensing and location tracking, a statement said.

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Raksha Bandhan for soldiers looks gloomy due to lockdown in Kashmir

August 13 marks the ninth day of the communication blockade, and it has left thousands of central forces waiting to check up on their families.

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Rahul Gandhi trying create unrest by seeking to bring Oppn leaders on J&K visit: Governor Satya Pal Malik

Following remarks by Gandhi on that there have been reports of violence in Kashmir, Malik on Monday had said he will send him an aircraft to visit the Valley and observe the ground situation.

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Hope to deepen efforts in promoting regional stability, peace: Mike Pompeo to Pakistan

During his visit to Washington DC last month, Khan had met US President Donald Trump and in the White House and assured him about Pakistan's significant role in supporting the Afghan peace process and counter-terrorism.

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Podcast | Stock picks of the day: A break below 10,850 on the Nifty could lead to further selling

Any decisive move below the 10,850 mark in the Nifty can trigger a fresh round of selling while on the higher side, while 11,100 levels should act as a key resistance area

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UNSC President Poland favours dialogue between India, Pakistan over Kashmir

Poland's Foreign Minister Jacek Czaputowicz is in the UN headquarters and addressed a Security Council briefing Tuesday on 'International humanitarian law - Seventieth anniversary of the Geneva Conventions: upholding humanity in modern conflict.'

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How does Reliance Industries' JioFiber high-speed broadband plan fare against Airtel and Tata?

Jio Fiber customers who opt for annual plans will get an HD or 4K LED TV and 4K set-top box free.

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Options trade | A low risk trade in Jindal Steel ahead of its Q1 result

A double ratio spread trade with lower side protection in Jindal Steel ahead of its results

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Cash Market | Buy bullish cup and handle pattern in Sun Pharma

Sun Pharma has formed a high probability cup and handle pattern offering a good risk-reward trade.

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Future’s Market | Bearish continuation follow-through pattern below significant support levels in Bank of Baroda

Bank of Baroda is a relatively weak stock in the banking space and has formed a bearish continuation follow through pattern after breaking important support levels.

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Cash Market | A bearish Evening Star pattern in TVS Motor Company       

TVS Motors has hit the falling trendline with a bearish Evening star pattern. Its overall trend is bearish thus giving more significance to the pattern.

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Mamata-Modi rakhi: Raksha Bandhan 2019 goes political in Bengal

The sale of politically-influenced rakhis have already run into crores

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Apple's AirPods will not escape Donald Trump's China tariffs

The administration said on Tuesday that some major items, such as laptops and cellphones, including Apple's MacBooks and iPhones, will not face tariffs until Dec. 15. President Donald Trump said the change was to avoid an impact on U.S. customers during the Christmas shopping season.

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Donald Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump

The delay which, affects about half of the $300 billion target list of Chinese goods - along with news of renewed trade discussions between U.S. and Chinese officials - sent stocks sharply higher and drew cautious relief from retailers and technology groups.

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Chandrayaan 2 leaves earth's orbit, moving towards moon

The spacecraft will approach the moon on August 20 and then the spacecraft's liquid engine will be fired again to insert it into lunar orbit

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Flood toll at 225 in 4 states; relief ops intensify in Karnataka, Maharashtra but no respite in Kerala

Odisha, which is being battered by heavy showers since last week, on Tuesday saw a flood-like situation in parts of the state and the forecast is of more rains in the next two days.

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J&K to host investors meet from October 12 in Srinagar

The meet will provide J-K an opportunity to showcase its strengths, strategies and potential, the state's Principal Secretary (Industries), Naveen Choudhary, told reporters here.

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What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, a with 0.27 percent gain or 30 points.

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Stocks in the news: HDFC Life, ONGC, Apollo Hospitals, RITES, Manappuram Finance, Nalco

ONGC | Apollo Hospitals | RITES | Manappuram Finance | Nalco | Rain Industries | Glenmark Pharma and NMDC are stocks which are in the news today.

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Tech leads Wall Street higher as tariff delay sparks rally

The Dow Jones Industrial Average rose 372.54 points, or 1.44%, to 26,279.91, the S&P 500 gained 42.48 points, or 1.47%, to 2,926.23 and the Nasdaq Composite added 152.95 points, or 1.95%, to 8,016.36.

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Asian stocks bounce, safe havens retreat as Trump delays China tariff

Australian stocks gained 0.4%, South Korea's KOSPI advanced 1.2% and Japan's Nikkei rose 0.8%.

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Market Live: SGX Nifty indicates positive start for Indian indices

Trends on SGX Nifty indicate a positive opening for the broader indices in India.

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A morning walk down Dalal Street | Crucial level for Nifty at 10,782, resistance at 11,170

The index closed way below the 11,000 level and formed bearish candle. 10,782 will remain a crucial level to watch out for which was the intraday low recorded on August 5.

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Monday, August 12, 2019

Will send aircraft for Rahul Gandhi to visit Kashmir: J&K Governor Satya Pal Malik

On August 10, Gandhi said that some reports had come in from J&K about violence there and PM Modi must assuage concerns over the matter in a transparent manner

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Hong Kong's airport reopens after unprecedented closure

The airport, one of the world's busiest, blamed demonstrators for halting flights on August 12

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Article 370: SC to hear plea against 'regressive measures' in J&K, today

A separate plea seeking removal of restrictions imposed on working of journalists in J&K is also likely to be mentioned for urgent listing in the apex court

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India's fuel demand marks largest gain in six months

Consumption of fuel, a proxy for oil demand, totaled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

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Nissan cleans up Ghosn’s footprints, India to be a primary target for downsizing

A top Nissan official, who laid out the auto major's global production plans for the next three years, said countries that were part of the ‘Nissan Power 88’ strategic plan will see their operations downsized

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Cash Market | A chance to participate in a breakout rally in Muthoot Finance

Muthoot Finance has broken out of a 3-month consolidation. The stock is moving on back of rising Gold prices and has strength to move higher.

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Futures Market | A bullish pattern formation in Ujjivan Financial Services

Ujjivan has formed a strong bullish follow-through pattern

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Cash Market | A flag breakout possibility in Can Fin Homes

Canfin Homes shows price at a confluence of longer term trendline and horizontal support. We also see a bullish Engulfing pattern at the confluence point followed by a three day flag.

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Options trade | An options strategy to benefit from sideways movement in the Bank Nifty

A double diagonal ratio spread trade in Bank Nifty to capitalize on an expected consolidation going forward.

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Wheels India posts April-June quarter net at Rs 11.62 cr

The city-based TVS Group company had recorded net profits at Rs 18.01 crore during the corresponding quarter of the previous year.

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Gold imports up 35.5% during April-June

CAD, which is the difference between the inflow and outflow of foreign exchange, increased to USD 57.2 billion or 2.1 percent of GDP in 2018-19 as against 1.8 per cent in the previous year. It stood at USD 48.7 billion in 2017-18.

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Podcast | Stock picks of the day: 11,000 defended on weekly basis, further relief likely 

At this juncture, the pragmatic approach would be to take one step at a time and focus more on individual stocks.

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SME-focused UGRO Capital eyes over Rs 1,000 crore loan book by March

For the quarter to June, the city-based NBFC had a loan book of Rs 276 crore, up from Rs 64 crore in the March quarter--its first quarter of operations, but since then it has been on a faster clip, selling Rs 400 crore loans by July.

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4 Twitter handles suspended for alleged anti-India propaganda

When contacted, a Twitter spokesperson said, "We do not comment on individual accounts for privacy and security reasons. Legal requests made to Twitter are published twice-yearly in our Twitter Transparency Report."

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Six candidates short-listed for India's head coach's job, Ravi Shastri also in fray

The six candidates are former New Zealand coach Mike Hesson, ex-Australia all-rounder and Sri Lanka coach Tom Moody, former West Indies all-rounder and Afghanistan coach Phil Simmons, ex-India team manager Lalchand Rajput, former India fielding coach Robin Singh and Shastri.

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Stocks in the news: RIL, Tata Motors, ONGC, BHEL, BPCL, Sintex Plastics, Varroc Engg, Oil India

Tata Motors | Alembic | Bosch | National Aluminium Company | Unichem Laboratories | ONGC | BHEL | BPCL and Sintex Plastics are among stocks, which are in news today.

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Asia shares slip as Hong Kong unrest, Argentine peso crash rattle investors

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.26% while Japan's Nikkei tumbled 1.28%.

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Cricket in line to be included in 2028 LA Olympics, says MCC's Gatting

The BCCI recently coming under the ambit of National Anti-Doping Agency (NADA), an affiliate of the World Anti-Doping Agency (WADA), could be key to the final outcome as it is mandatory for all sporting federations' doping policy to be overseen by the premier body.

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Wall Street falls on geopolitical tensions, recession fears

The Dow Jones Industrial Average fell 391 points, or 1.49%, to 25,896.44, the S&P 500 lost 35.96 points, or 1.23%, to 2,882.69 and the Nasdaq Composite dropped 95.73 points, or 1.2%, to 7,863.41.

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Market Live: SGX Nifty indicates positive start for Indian indices

Trends on SGX Nifty indicate a positive opening for the broader indices in India.

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Flood toll over 200 in 4 states, rescue ops intensify; 14 die in rain-related incidents elsewhere

The death toll in Kerala rose to 83, while in Karnataka, Gujarat and Maharashtra, 122 people have lost their lives so far due to monsoon fury

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What changed for the market while you were sleeping? Top 15 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, a with 0.32 percent gain or 35.5 points.

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A morning walk down Dalal Street | Upside momentum to stay intact as long as Nifty trades above 11,062

The index still managed to close above the 11,100 level and formed a small bullish candle resembling a Shooting Star kind of pattern on the daily charts.

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Sunday, August 11, 2019

'Nifty likely to move towards 11,300, deploy bull-call spread to take advantage'

Bull-call spread is a bullish strategy that is executed when the instrument is expected to see a bounce back or move higher.

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USFDA issues 6 observations to Natco Pharma's API facility near Hyderabad

Natco Pharma said it will provide due justifications and corrective action plan within the next 15 working days to address the USFDA observations.

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'FMCG, IT stocks likely to outperform amid weak global & domestic cues'

Nifty has potential to test 11,250-11,300 on the upside while 10,950-11,000 would act as immediate support for the index

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India, China ties should be a factor of stability in uncertain world: S Jaishankar

Jaishankar, who arrived here on August 11, called on Chinese Vice President Wang Qishan at the Zhongnanhai, the picturesque imperial residential complex where top Chinese leaders reside

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Rescue, relief works on in full swing in flood affected Karnataka

With the situation improving, search is on for those who have gone missing and efforts are being made to reach out to those who need to be evacuated

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A ray of hope: FIIs turn net buyers in equity markets for first time in last 29 sessions

In 28 sessions from July 2, they sold total more than Rs 24,900 crore worth of shares before the net buying on August 9

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RIL AGM 2019 LIVE: Annual General Meeting to begin at 11am

Live updates of the Reliance Industries' 42nd annual general meeting

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Invest in large-caps through ETFs and index funds

ETFs and index funds have immense inherent value as the cheaper alternative investment products

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Lack of buyers force realty firms to target Rs 45 lakh category projects



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Centre looks to reverse economic slowdown with these 4 major steps



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Below-than-expected Yuan reference rate & fall in oil prices likely to tame USD

Despite of being in bullish zone, the prices of currency pair could see stagnancy in coming week.

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Crude Comfort | Lower oil prices are here to stay for some time

Lower price of the Indian crude basket not only helps the Union government to prune its current account deficit and save on precious foreign exchange reserves, but it also provides an opportunity to the ruling administration to cash in on the situation and try and take measures to insulate the economy from future oil shocks.

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Zomato staff in Bengal protest over beef & pork delivery, pay raise

The online food service firm on its part said that it is trying to resolve the issue

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IIP | Production contracted in most manufacturing sectors in June 2019

Capital goods production has increased at a CAGR of 0.07 percent in the last seven years

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Maharashtra flood toll rises to 40; Amit Shah conducts aerial survey

An official from the CMO said CM Fadnavis briefed Amit Shah in the morning about the current flood situation and the measures undertaken in the southern regions of Western Maharashtra

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Suffering of flood-affected people heart breaking: Rahul Gandhi

After visiting the affected people, Rahul Gandhi promised to do everything possible to get them back on their feet

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RIL AGM today: Here's where to watch, timing and venue

The AGM is likely to begin at 11:00 am

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169 dead in flood, rain-related incidents in south and west India

Death toll in Kerala has mounted to 72. The situation remained grim in Karnataka, Maharashtra and Gujarat where 97 people have lost their lives so far

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  Finding symbol of isotops by proton and neutron