Hni Stock Tips Advisor

Get 100% Accurate Profitable trading tips with 2 Days Free Trial in all segment of indian Equity Commodity . Our Expert Research gives sureshot profitable trading calls.

Best Research Company

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and commodity market.

Jackpot News in Share Market

Free Commodity Trading Tips Get Free Commodity Trading Tips On Mobile 100% Accurate Free Online Commodity Trading Tips

MCX Commodity News UpDate

Get Free Best Commodity Trading Tips With 2 Days Free Trial Like Gold, Silver, Aluminium, Zinc, Copper, Nickel, Crude, Natural Gas in all segment of commodity market.

This is default featured slide 5 title

Go to Blogger edit html and find these sentences.Now replace these sentences with your own descriptions.This theme is Bloggerized by Lasantha Bandara - Premiumbloggertemplates.com.

Saturday 31 October 2015

News Update - Govt provides Rs 3,000 cr duty benefits to boost exports

To boost country's exports, which have been in the negative zone since December last year, the Centre today has given additional incentives of Rs 3,000 crore to several products, including textiles and electronics. 

"In light of the major challenges being faced by Indian exporters in the backdrop of the global economic slowdown, the Department of Commerce today announced increased support for export of various products and included some additional items under the Merchandise Exports from India Scheme (MEIS)," the Commerce Ministry said in a statement today. 

On October 7, the Commerce Secretary after holding consultations with exporters has informed that the allocations for export incentive schemes in the current financial year has been increased to Rs 21,000 crore, from earlier Rs 18,000 crore.

Commenting on the move, exporters body Federation of Indian Export Organisations (FIEO) said that the incentives would enhance price competitiveness and help in arresting the current downfall in exports. 

FIEO Director General Ajay Sahai said that Rs 3,000 crore incentive would help Indian exporters at this challenging time. 


As many as 110 new products such as chemicals and medical equipment have been included under the MEIS scheme and rates or country coverage or both have been increased for 2,228 existing tariff lines.


As many as 110 new products such as chemicals and medical equipment have been included under the MEIS scheme and rates or country coverage or both have been increased for 2,228 existing tariff lines.


Under the MEIS, the government provides duty benefits at 2 percent, 3 percent and 5 percent depending upon the product and country. 

Global support has been extended to products including textile items, pharmaceuticals, project goods, auto components, telecom, computer, electrical, electronics and railway transport equipment.

Earlier, benefits to these items were provided to a few countries.
The move is expected to help in improving competitiveness of large number of exporters and help them tide over the difficult global economic scenario.

Contracting for the 10th month in a row, India's merchandise exports dipped 24.33 percent in September to USD 21.84 billion, mainly due to steep fall in shipments of petroleum products, iron ore, and engineering goods amid tepid global demand. 

Rewards under MEIS are payable as percentage of realised free-on-board value and the MEIS duty credit scrip can be transferred or used for payment in a number of duties including the basic customs duty. 


The other new products that have been added under this scheme include medical instruments, sports goods, value added processed products of natural rubber, chemicals and plastics.





Friday 30 October 2015

Daily Corporate News

CAPITALSTARS

 DAILY CORPORATE NEWS


Sun TV Board to consider proposal to buy-back shares
Sun TV Network: Company  has informed BSE that a meeting of the Board of Directors of the Company will be held on November 05, 2015, inter alia, to consider and if thought fit to approve a proposal to Buy-back the fully paid-up Equity Shares of the Company. Positive read-thru.

HCC Q2 net profit at Rs38.44 crore
Hindustan Construction Company Ltd announced the following unaudited Standalone results for the quarter ended September 30, 2015. Net profit at Rs38.44 crore vs Rs6.76 crore (YoY)

Ministry asks oil producers to switch to ad-valorem
The oil ministry has agreed to the demand of oil producers to switch from a fixed cess on oil production to ad-valorem. It is yet to be approved by the finance ministry. If approved it will help lower the duty oil producers. – Positive for ONGC & Cairn India.

HCL Tech acquires CRM Services Provider Power Objects
HCL Technologies announced today that it has acquired Minneapolis-based Power Objects - a leading North American provider of Microsoft Dynamics CRM. This will bolster HCL’s global  applications business, which offers transformational programs and complex application  management for a myriad of clients’ technology landscapes.

ITC sees yet another quarter of muted performance
ITC’s Q2FY2016 revenues stood flat at Rs8904.2crore. The revenues of core cigarette business grew by just 1% (expect volume decline to be in the range of 13-14%). The non-cigarette FMCG business grew by just 7%, while Agri business revenues declined by 10% during the quarter. The hotel business revenues grew by 11% during the quarter.The cigarette business PBIT margins were maintained at 68%, while the agri business margins PBIT margins improved by 200BPS to 16%.

Cipla strengthens its focus on biotech
Cipla announces that it has entered into a definitive agreement to sell its entire 25% stake in Biomab Holding Limited, Hong Kong (“BHL”) to Biomab Brilliant Limited, British Virgin Islands which holds the remaining 75% stake in BHL, for a total consideration of ~ Rs 165-167 crore. Biomab Holding Limited is focused on developing Bio similars for the Chinese market. Going forward, the Company’s biological business will be consolidated under Cipla BioTec. It is long term positive news for the stock.

ICICI Bank Q2 net profit meets estimates
ICICI Bank Q2FY16 results – Healthy earnings growth, marginal increase in NPAs, plans to sell 9% stake in ICICI Lombard .ICICI Bank reported steady set of numbers for Q2FY16 as net profits increased by 12% YoY, led by almost similar growth in the net interest income (up 12.8% YoY). Overall loan book grew by 13.3% YoY whereas margins remained stable (3.52% Vs 3.54% in Q1FY16)  which supported growth in NII.

 Read at more about - Nifty Trading Tips
                                                                                                                                                                                                                                                  

Thursday 29 October 2015

MCX Bullion News Update



Gold Prices - seesawed between small gains and dips in Asia on Friday as investors sought bargains after a sharp overnight drop on views over the timing of a widely expected Federal Reserve rate hike. Metal traders continued to digest hawkish comments from the Federal Open Market Committee on Wednesday, when the U.S. central bank provided compelling indications that it could lift interest rates at its next meeting in December. The FOMC reframed its policy discussion on Wednesday, by including a line in its monetary policy statement that explicitly put a December lift-off back on the agenda. 

MCX Copper Tips - LME copper started at USD 5,210/mt overnight and lurched down all the way and moved at lows around USD 5,120/mt near session’s end, to close at a low of USD 5,129/mt, down USD 61/mt. Positions posted a rise but trading volumes fell. LME copper inventories still dropped. US GDP figures and existing home sales released last night were downbeat, weighing down US dollar. And crude oil prices seek support from seasonal growth in demand. China’s economic plan during the 13th 5-year plan period come under spotlight and lots of topics in the plan will focus markets’ attention. Besides, eyes should be closely on China’s shares on Friday. 

Crude Oil Prices - futures dropped in early Asian trading on Friday after the release of a report showing that U.S. economic growth had slowed sharply, reinforcing concerns about sluggish demand in a world awash with oil. U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, data showed. The sluggish U.S. growth figures and weak home sales numbers have tempered the market's positive reaction to government figures earlier in the week showing oil stockpiles last week had increased by 3.4 million barrels, which was below the estimate from an industry group.

CAPITALSTARS NEWS UPDATE - INDIAN BENCHMARKS

INDIAN BENCHMARKS  likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty trading 14 points  lower.                                   
                                   
                                             
Headlines for the day:
  • Yes Bank Q2FY16 asset quality shows marginal blip.
  • Supreme Industries Q1FY2016 revenue growth disappoints.
  • Bharat Forge Q2FY16: Revenue and margin miss estimates.
TODAY’S RESULTS : ITC, ICICI BANK, KOTAK BANK  L&T ,TITAN , IPCA LABS , APOLLOTYRE 

Trend in FII flows: The FIIs were net  buyers of Rs 174.12 Cr in the cash segment on  Thursday while the DIIs were net sellers of Rs-299.2 Cr, as per the provisional figures released by the NSE.

Daily Corporate News

CAPITALSTARS

 DAILY CORPORATE NEWS


Reliance Brands looks for alliances in beauty segment
Reliance Brands, a unit of Reliance Industries, is looking for alliances in the beauty and children’s wear segments with international brands as it tries to enter these segments. – Positive for RIL

Coal India, GAIL, RCF and FCL enter into a JV
Coal India, GAIL, RCF and Fertilizer Corporation of India Limited ( FCL) have entered into a Joint Venture Agreement on October 27, 2015 for incorporation of a Company namely 'RASHTRIYA COAL GAS FERTILIZERS LIMITED', to establish and operate new coal gasification based Fertilizer Complex (Ammonia Urea Complex) at Talcher along with power plant and associated facilities at Talcher unit of FCIL and to market its products.  

Max Healthcare buys BK Modi’s Saket City Hospital
Max Healthcare, an equal joint venture between Max India and South Africa-based Life Healthcare, will acquire a 51% stake in Saket City Hospital from BK Modi Group company. The value of the transaction was not disclosed the media reports suggest enterprise value of Rs700 for Sake City hospital (SCH). The company plans to expand the number of beds from 290 to 900 in SCH. In May 2015, the company had acquired 76% stake in Delhi based Pushapanjali hospital (340 beds) for Rs290 crore.

Sun Pharma recalls over 10 lakh boxes of allergy drug in US
Sun Pharma is recalling over ten lakh boxes of its anti-allergic Loratadine drug from the US market as the lot was found to be 'super potent' and 'out of specification'. Loratadine is an antihistamine and is used to treat the symptoms of allergies, such as sneezing, watery eyes, and runny nose. Sentimentally negative.

Government mulls over raising foreign investment cap for PSU Banks
The Government is considering a proposal to increase the maximum amount that foreign investors can own in public sector banks (PSB) to 49% from the current 20%. A higher cap would help PSBs in raising equity to comply with Basel III regulatory standards. An increased in FII limits will be positive for PSU Banks for long term though in near term higher government holding and subdued performance has weakened investor sentiments towards PSU banks.

Hero MotoCorp launches new scooter Duet in southern markets
Hero MotoCorp has launched its first metal bodied scooter Duet in the southern markets. The Duet has been priced at Rs48,000 for the LX version and Rs49,900 for the VX version (ex-showroom Bangalore).
The Duet has been built on a new chasis and engine platform. The vehicle has features such as external fuel filling, telescopic front suspension and charging point. The Duet will compete against the Honda Activa and the TVS Jupiter.

Novartis drops on USFDA warning letter for two plants
Sandoz, the generic drug arm of Swiss drug major Novartis, has received a warning letter from the US health regulator for violations of current good manufacturing practice (cGMP) norms at its two plants; namely Kalwe and Turbhe. At Turbhe, Sandoz mainly produces active pharmaceutical ingredients. In Kalwe oral solid dosages or tablets are produced. Negative news for the company.

Read at more about - Nifty Trading Tips

Wednesday 28 October 2015

Capitalstars Update - INDIAN BENCHMARKS

INDIAN BENCHMARKS  likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty trading 11 points  lower.                                         
                                   
                                         
Headlines for the day :
  • Dabur India Q2FY2016 sees improvement in margins
  • Exide Industries Q2FY16 PAT beats estimates
  • Syndicate Bank Q2 net profit at Rs332.37 crore 
TODAY’S RESULTS : DABUR, AMBUJACEM, JUST DIAL , AMARJA BATTERY , SUN TV , JSW ENERGY , EXIDE INDUSTRI 
                                  
Trend in FII flows: The FIIs were net  sellers of Rs -731.17 Cr in the cash segment on  Wednesday
while the DIIs were net buyers of Rs-160.17 Cr, as per the provisional figures released by the NSE.

Daily Corporate News

CAPITALSTARS

 DAILY CORPORATE NEWS

Natco launches Hepcinat Lp in Nepal
Natco Pharma Ltd has submitted a copy of Press Release dated October 28, 2015 titled 'NATCO launches HEPCINAT LP in Nepal'.

Govt to award 100 highway projects on PPP next year
Road Developers - Govt to award 100 highway projects on PPP next year – Positive for IRB Infrastructure, IL&FS Transportation, L&T, Ashoka Buildcon, Sadbhav Engineering among others. The Road Transport and Highways Minister said all problems pertaining to the PPP mode have been addressed and this year seven projects worth Rs11,500 crore have already been awarded in contrast to a nil last year.The government will award 100 projects on PPP mode next year. The Minister said the government was planning to float tenders for about 18 projects by December

Petronet LNG likely to face Rs10,000 crore hit in RasGas deal
Petronet LNG likely to face Rs10,000-crore hit in the deal with RasGas. The contract is long term sourcing contract of LNG at fixed price. This price is very high compared to current LNG prices after global energy price crash and it is under compulsory obligation to purchase it at high prices. Petronet is hoping to negotiate the contract. – Sentimentally negative for Petronet LNG.

Bajaj Auto launches 3 variants of Avenger starting from Rs75,000
Bajaj Auto has launched three new variants of its cruiser motorcycle ie Avenger. The 220cc Avenger will now be avaible in two variants named Street and Cruise priced at Rs84,000 ex-showroom Delhi. Both the variants will be powered by a 220cc engine with a power output of 18bhp. Additionally the company has launched a 150cc variant of the Avenger with a power of 13bhp. The launch of the new Avenger varinats is expected to improve volumes for Bajaj in the segment and hence is a positive.
                                                   
Wipro wins 5-Year Strategic Engagement with Coop Norge
Wipro Ltd has informed regarding a Press Release dated October 28, 2015 titled 'Wipro Wins 5-Year Strategic Engagement with Coop Norge Handel AS'.

Maruti Suzuki to seek minority shareholder approval for Gujarat plant
Maruti Suzuki to seek minority shareholder approval for Gujarat plant from November 16 . Maruti Suzuki will seek an approval from minority shareholders on the Gujarat plant proposal from November 16. The voting will be through postal ballot as well as online and will be open till December 15. The results will be declared on December 17th. As per the proposal the Gujarat plant will be constructed by a direct subsidiary of Maruti’s parent ie Suzuki Motor, Japan and will have a production agreement with Maruti. As per the current schedule the Gujarat plant will be operational by May 2017.

Manpasand Beverages partners with Havmor Ice Cream
Manpasand Beverages has entered into a retail tie-up with ice cream and food retailing major Havmor Ice Cream to expand its reach in urban areas. Manpasand's flagship mango-based brand 'Mango Sip' and recently launched 'Fruits Up' brand will be made available at around 210 food outlets of Havmor spread across Gujarat, Mumbai and Punjab.The company will also consider further expanding its tie up with Havmor by making its juice brands available at their food outlets in Rajasthan and Madhya Pradesh and rest of Maharashtra in the future.

Read at more about - Nifty Trading Tips





Tuesday 27 October 2015

MCX Bullion News Update


Gold prices - retained small overnight gains on Wednesday, but caution prevailed ahead of a Federal Reserve policy statement later in the session as investors waited for clues on the timing of a U.S. rate hike. Bullion was supported after data on Tuesday showed a second straight drop in a gauge of U.S. business investment in September and a decline in consumer confidence this month, hinting at economic weakness. Many investors also chose to stick to the sidelines ahead of a statement by the Fed on Wednesday following a two-day policy meeting.

MCX Copper Tips - LME copper slipped to USD 5,162/mt after starting at USD 5,181/mt overnight. But later, LME copper rebounded to USD 5,238/mt, tracing Chinese stocks, and closed up USD 19.5/mt at USD 5,207.5/mt. Trading volumes and positions stayed steadily. LME copper inventories fell 3,875 mt to 274,075 mt. Chinese shares finished Tuesday with gains, bolstering market. US dollar index fell back due to poor reading of US economic figures but later the index regained losses. Crude oil prices continued to slide, boding ill for base metals. LME copper will move in USD 5,180-5,230/mt during Asian trading hours.% from August, better than the 2.3% slip in August.

Crude oil prices - U.S. crude futures rose from multi-week lows in thin early Asian trade on Wednesday after an industry group reported that stocks fell at the Cushing hub in Oklahoma, the delivery point for U.S. oil contracts. Oil prices fell a third straight session to multi-week lows on Tuesday on the persistent global supply glut ahead of data expected to show another increase in U.S. crude inventories. U.S. crude oil production cuts - from a peak of around 9.6 million barrels per day to around 9.1 million - and optimism over demand have failed to translate into higher prices, said Ric Spooner, chief market analyst at Sydney's CMC Markets.

CapitalStars Update - INDIAN BENCHMARKS

INDIAN BENCHMARKS  likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty trading 40 points  lower.                                         
                                                       
 Headlines for the day:
  •     Axis Bank Q2 earnings in-line with estimates
  •     TVS Motor Q2FY2016 PAT 10% above estimate
  •     Maruti Suzuki Q2FY2016 net profits marginally below estimates

TODAY’S RESULTS : DABUR, AMBUJACEM, JUST DIAL , AMARJA BATTERY , SUN TV , JSW ENERGY , EXIDE INDUSTRIES                                                                                                                                                       
Trend in FII flows: The FIIs were net  buyers of Rs   9.5 Cr in the cash segment on Tuesday while the DIIs werenet sellers of Rs -165.45 Cr, as per the provisional figures released by the NSE.

Daily Corporate News

CAPITALSTARS

 DAILY CORPORATE NEWS



PuraCap suit may impact Cipla's $550-million deal
PuraCap Pharmaceutical, a New Jersey-based drug maker, has filed a civil lawsuit last week against InvaGen and Exelan in a US court alleging that InvaGen breached certain obligations to PuraCap by 'improperly negotiating' with a unit of Cipla when it was legally prohibited from doing so. Although strong in markets like India and Africa, Cipla lags its leading local peers in terms of market share in the US. The acquisitions were aimed at boosting its presence in the US, from where it targets to generate at least 20% of overall revenue by 2020.  
                                                                                                                                                                  
NIIT Technologies to build airline-specific IT systems for Flydubai
Dubai-based airline fly dubai has signed NIIT Technologies to build airline-specific IT systems to better passenger satisfaction. NIIT Technologies plans to deliver these services through its global delivery center at its campus in Greater Noida, India. This will include a dedicated Testing Center of Excellence. NIIT Technologies will also provide support on software development projects with data center services through its Infrastructure Management Services.  
                                                                                                                                                           
Nestle resumes manufacturing of Maggi noodles
Nestle India has resumed the manufacturing of its instant noodles Maggi at three of its India facilities and will hit the markets after getting clearances from food testing laboratories; the product is expected to hit the market next month (around the launch of Patanjali atta Noodles) – sentimentally positive for Nestle India.
                                                                                                                                                   
Thomas Cook subsidiary forays into adventure tourism
Thomas Cook India’s subsidiary Sterling Holidays acquired Nature Trails Resorts PVT. Ltd –an adventure holidaying company that operates four resorts in Maharashtra. The financial details of the deal have not been disclosed by the company. However media reports indicate that the deal is valued at Rs 50crore.  This acquisition will not only increase the room inventory of Sterling Resorts (current room inventory 1767 rooms), but will also adventure tourism products into its existing product profile.
                                                                                                                                                         
Crompton to sell Power Systems Business in Canada
Crompton Greaves board approved the decision to sell Power Systems Business in Canada to PTI Holdings Corporation in a structured deal for an enterprise value of 20 million Canadian dollars (Rs100 crore). Value unlocking for the company hence– Positive for Crompton Greaves.
                                                                                                                                                      
Workers strike at Raymond's Chhindwara plant
Raymond’s workers at its Chhindwara plant in MP have gone on strike demanding unreasonable and unlawful bonus. The management is in dialogue with the workers and is trying to resolve the situation.
Apart from the said unit, the company has its plant at Vapi and Jalgaon which are continuing their normal operations and hence the current strike is unlikely to impact the avaliabilty of finished goods in the market.
                                                                    
Havells India launches new range of products
Havells India has introduced a new range of premium, super premium and concept of personalised distribution boards available in leather, wood and marble finish. It has also launched Euro II range of switchgear First 'Made in India' circuit breakers from its portfolio. Havells ACCL is a fully automatic high precision microcontroller based 'Source Changeover' device that offers easy and controlled changeover between main power supply and generator supply. Havells is the first organised sector company in India to manufacture ACCL.


Read at more about - Nifty Trading Tips

Monday 26 October 2015

MCX Bullion News Update

Gold prices: Gold steadied near $1,160 an ounce on Tuesday as investors kept to the sidelines ahead of a Federal Reserve policy meeting that kicks off later in the session, waiting for clues on the timing of a U.S. rate hike. The data comes ahead of the Fed's two-day policy meet beginning on Tuesday. The U.S. central bank is widely expected to leave rates unchanged but investors are increasingly skeptical that it will raise rates before the end of the year. The Fed holds one more policy meet this year in December.




MCX Copper Tips: LME copper started at USD 5,158/mt overnight and moved higher to USD 5,240/mt thanks to Chinese stock rally. But later LME copper fell back due to stronger dollar and ended at USD 5,188/mt, up by USD 8/mt. Trading volumes fell almost half. LME copper will move in USD 5,160-5,220/mt during Asian trading hours. Economic figures from US will come under spotlight on Tuesday, citing US September’s durable goods orders and Conference Board CCI. And eyes will be on US Fed interest rate meeting. US September’s durable goods orders should fall 1.1% from August, better than the 2.3% slip in August.



ENERGYCrude Oil prices fell on Tuesday, on course for a third week of losses as U.S. inventory data is expected to show another increase in crude stocks. Inventories U.S. production numbers continue to disappoint the market," he said. "Producers are squeezing as much production as they can." Investors are also waiting for the outcomes of key policy meetings this week to give some direction to the market, Le Brun said. That includes the outcome of a two-day U.S. FOMC meeting which starts later on Tuesday and China's fifth plenum, a four-day meeting of the Communist Party's central committee, that began on Monday.

CapitalStars Update - INDIAN BENCHMARKS

  
INDIAN BENCHMARKS  likely to open on a negative note in the early trade as global cues displayed unsupportive cues. SGX Nifty trading 26 points  lower.                                            

                                     

                                     

Headlines for the day:

  •      UPL Q2 consolidated net profit up 12% (YoY)
  •      HDFC Q2 profit beats estimate
  •      Bharti Airtel dips as higher fixed charges impact Q2 results
TODAY’S RESULTS : HDFC , TVS MOTORS , MARUTI SUZUKI , AXIS BANK , LUPIN, DISH TV , TATACOMM, PIDILITE INDUSTRIES 

Daily Corporate News

CAPITALSTARS

 DAILY CORPORATE NEWS

Valiant receives LOA worth Rs163 lacs from Delhi Transco
The company has recently received the product approval from the Delhi Transco Limited (an undertaking of government of NCT of Delhi) for its product ' Digital Tele-Protection Signaling' and has also received a Letter of Award for the supply, erection, testing and commissioning of aforesaid product for its 220KV transmission lines on turnkey basis for gross value of Rs163 lacs', the company informed. 
 
Maruti Suzuki launches Baleno starting from Rs4.99 lakh
Maruti Suzuki has launched its premium hatchback Baleno starting from Rs4.99 lakh ex-showroom Delhi. The Petrol variant is priced between Rs4.99 Lakh and Rs7 Lakh while the Diesel variants are priced between Rs6.16 Lakh and Rs8.1 Lakh. Maruti has also offered an automatic variant in the Baleno. The Baleno will also be exported to 100 countries across the globe including developed markets like Japan and Europe. The management has guided for 50,000 target for exports per year.

Valiant receives LOA worth Rs163 lacs from Delhi Transco
The LOA has been given for supply and testing of its product ' Digital Tele-Protection Signaling'. The company has recently received the product approval from the Delhi Transco Limited (an undertaking of government of NCT of Delhi) for its product ' Digital Tele-Protection Signaling' and has also received a Letter of Award for the supply, erection, testing and commissioning of aforesaid product for its 220KV transmission lines on turnkey basis for gross value of Rs163 lacs', the company informed.

Arvind intimates of strike at one of its plants in Santej Complex
Arvind announced that the workers of Santej Complex, one of the manufacturing plants of the Company went on strike on October 22, 2015 demanding higher wages, bonus etc. Santej Complex manufactures mainly woven fabric (132 Million meters) and knits fabrics (10,000 tons). It also has approx. 20 Million meters of denim manufacturing facility. All the textile mills in Ahmedabad negotiated wage settlement with representative trade unions in 2012 and next round of wage negotiations are due in 2018. Therefore, strike or any agitation to increase wages at this juncture was unexpected.

GSFC Q2 net profit at Rs143 cr (YoY)
Gujarat State Fertilizers & Chemicals (GSFC) has announced the following Un-Audited Standalone results for the quarter ended September 30, 2015 (YoY): The Company has posted a net profit of Rs142.64 crore Vs Rs124.31 crore (YoY). Total Income is at Rs1784.75 crore Vs Rs1509.70 crore (YoY).

RBI rejects plan for 100% FDI in banks
RBI has turned down a proposal from the government to allow up to 100% foreign direct investment ( FDI) in banks, a move that may come as a damper for several private sector lenders such as ICICI Bank and HDFC Bank. While RBI has not provided a clear reason to turn down the proposal from DIPP but in the past the regulator has seen banking as a sensitive sector and opposed allowing significant shareholding by FIIs. Currently, the government permits 74% FDI in private banks, with up to 49% allowed under the automatic route.


Force Motors reports 65% growth in net profit

Force Motors reported a strong performance in Q2FY2016. The revenues rose by 27.5% YoY to Rs763 crore. The margins expanded by 247BPS YoY to 8.5%. On the back of the strong operating performance the net profit grew by 65.3% YoY to Rs42.5 crore.

Read at more about - Nifty Trading Tips

Sunday 25 October 2015

MCX Bullion News Updates

Gold prices re bound in Asia on Monday as investors looked ahead to a central bank focused week. Gold for December delivery on the Comex division of the New York Mercantile Exchange rose 0.15% to $1,164.50 a troy ounce. The People's Bank of China cut its benchmark interest rate by a quarter percentage point to 4.35% on Friday, the latest in a series of measures aimed at stimulating economic activity and boosting growth. It was the sixth rate cut over the past 12 months, fueling concerns that economic growth is weakening more than is currently expected.

 

MCX Copper Tips - LME copper started at USD 5,242/mt last Friday and once shot up to USD 5,319.5/mt thanks to news of China’s interest rate and RRR cut. But later, LME copper moved lower to USD 5,162/mt owing to stronger dollar and closed at USD 5,180/mt. Both trading volumes and positions grew. LME copper inventories fell below 280,000 mt. The positive effect of China’s interest rate and RRR cut is offset by stronger dollar. And a series of main risky events are going to be released this week, including China’s 5th Plenary Session of 18th CPC Central Committee, and US’s interest rate meeting. LME copper should move in USD 5,150-5,220/mt during Asian trading hours.



Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for months, prompting speculators to cut their bets on rising prices. ANZ bank said it expected prices to remain low for the remainder of this year and that speculators were cutting their bets on higher prices. "Net speculative (U.S.) long positions declined by 13,841 contracts for the week ending 20 October," the bank said. We remain cautious on commodity prices into year-end given weak demand conditions.
                                           

Friday 23 October 2015

Gold News Updates Today

Gold prices rose in Asia on Friday as investors looked ahead to continued easy global monetary policies. On the Comex division of the New York Mercantile Exchange, gold for December delivery rose 0.24% to $1,168.80 a troy ounce. Speaking at a press conference following the completion of a two-day meeting in Malta, Draghi signaled that the ECB is prepared to cut interest rates in the euro zone from their current record-low of 0.5%. Draghi also implied that the ECB will likely ramp up its EUR 60 billion a month bond buying program, as early as its policy meeting in Frankfurt on Dec. 3.

Read at more about - MCX Bullion Tips 

Thursday 22 October 2015

MCX CRUDE OIL NEWS UPDATES TODAY


MCX CRUDE OIL Nov., Thursday as seen in the daily chart opened at 2983 levels and day high of 3021 levels. During this period price corrected & made day low of 2943 levels finally closed at 2951 levels. Now, there are chances of further downward movement technically & fundamentally.

Oil experts from the Organization of the Petroleum Exporting Countries and non-member countries made no agreement this week to take steps to boost prices, officials said after talks in Vienna on Wednesday.


DAILY RECOMMENDATION: 
SEL MCX  CRUDE OIL AUG., BELOW 2980
LEVELS FOR TARGET OF T1 2880 T2 2830
WITH SL OF 3100 LEVELS.

CapitalStars Updates- INDIAN BENCHMARKS

INDIAN BENCHMARKS  likely to open on a positive note in the early trade as global cues displayed supportive cues. SGX Nifty Trading 80 points  higher.


Headlines for the day: 
  • PVR makes a grand debut in Kolhapur.
  • Power Grid wins Rs7000-cr transmission project.
  • Balasore Alloys plans new ferro chrome facility at Kalinganagar.
Trend in FII flows: The FIIs were net  sellers of Rs   -48.33 Cr in the cash segment on  Wednesdaywhile the DIIs were net sellersof Rs   - 138.73 Cr, as per the provisional figures released by the NSE.

DAILY MARKET NEWS-23 Oct 2015


INDIAN BENCHMARKS  likely to open on a positive note in the early trade as global cues displayed supportive cues. SGX Nifty is trading 80 points  higher.                                          
                                     
Headlines for the day:
PVR makes a grand debut in Kolhapur.
Power Grid wins Rs7000-cr transmission project.
Balasore Alloys plans new ferro chrome facility at Kalinganagar.
                                                                                  
Trend in FII flows: The FIIs were net  sellers of Rs   -48.33 Cr in the cash segment on  Wednesday while the DIIs were net sellers of Rs   - 138.73 Cr, as per the provisional figures released by the NSE.

Get 2 Days Free Live Calls-




Powered by Blogger.