GAIL surged 6 percent after Petroleum & Natural Gas Regulatory Board Of India has floated consultation paper w.r.t unified tariff for company’s pipelines Rs 57 per mmbtu.
10:30 am Technical Outlook: Nagaraj Shetti, Technical Research Analyst, HDFC securities said the market has now placed at the key support of 9,700 and is in the process of bottom reversal.
According to him, the Nifty sustaining above the key support of 9700 level in the next couple of sessions could open up the possibility of upside bounce in the market, which could take Nifty towards upper 9,950-9,980 levels, in the next 1-2 weeks.
10:20 am Market Check: Equity benchmarks maintained opening gains on first day of October series, with the Nifty holding 9,800 level. Asian markets were mostly higher, which also supported.
According to him, the Nifty sustaining above the key support of 9700 level in the next couple of sessions could open up the possibility of upside bounce in the market, which could take Nifty towards upper 9,950-9,980 levels, in the next 1-2 weeks.
10:20 am Market Check: Equity benchmarks maintained opening gains on first day of October series, with the Nifty holding 9,800 level. Asian markets were mostly higher, which also supported.
The 30-share BSE Sensex was up 119.30 points at 31401.78 and the 50-share NSE Nifty gained 42.00 points at 9,810.95.
About four shares advanced for every share falling on the BSE.
Tourism Finance Corp of India was the most active stock on exchanges, up 8 percent after big block deal.
10:12 am Buyback: Shares of Lovable Lingerie advanced 14.6 percent intraday as it is going to consider buyback of shares.
The meeting of the board of directors of the company is scheduled to be held on October 06, to consider the proposal for buyback of equity shares of the company.
The trading window of the company will remain closed for trading by designated persons as per insider trading rules of the company from September 29, 2017 to October 12, 2017 (both days inclusive).
10:01 am Rate cut likely?: State Bank of India has cut the interest rate for one year deposits by 25 basis points (bps) for both general public and senior citizens.
In an interview to CNBC-TV18, Rajnish Kumar, Managing Director of State Bank of India said the bank had Rs 25 lakh crore of deposit and one year deposit would be Rs 3 lakh crore.
On lending front, he said bank's market share was around 21-21.5 percent, so to that extent the bank was able to protect market share.
He said segment of operations of non banking financial companies (NBFCs) are different from some public sector undertaking (PSU) banks.
He does not expect rate cut from Reserve Bank of India (RBI) because macroeconomic data is not favourable.
9:55 am Order win: Shares of MEP Infrastructure Developers added 6.3 percent intraday as it has won a contract for collection of toll at all entry points to Delhi.
The company has been awarded the letter of award by the office of the director local bodies (Toll Tax Department) to engage as the contractor for South Delhi Municipal Corporation (SDMC).
The company will collect toll tax & environment compensation charge (ECC) at border points from specified commercial vehicles entering Delhi.
The commercial operations will commence from October 1, 2017 for a period of 5 years.
9:45 am Crude Outlook: Crude oil gained a little over 9 percent month to date.
"Investors have really gained confidence in oil, after the OPEC cuts that were originally discussed earlier in the year are starting to take shape here, and oil production is being curbed," Phil Streible, senior market strategist at RJO Futures, said Thursday on CNBC's "Trading Nation."
Further fueling the commodity's recent upside is the International Energy Agency having upped its demand outlook for the end of this year and into 2018, Streible said.
Due to this combination of production cuts and growing demand, oil could head up to its 2017 high, just above USD 55, or even USD 60 per barrel by year-end. A global supply glut has plagued the market for several years, and OPEC member countries and non-member producers have vowed to implement cuts to curb such oversupply.
9:35 am FM sees rise in GST collections: Finance Minister Arun Jaitley said the Goods and Services Tax (GST) collections in the first two months have met the target and going forward the revenue will see further surge.
"We are now just finished second month. As a base year of 2015-16, we had to give two hikes of 14 percent each to the states, and for both the months (July and August), with some part of the compensation cess, we are well within that figure," he said at the release of a book titled 'India@70 Modi@3.5'.
Total GST collection for August touched Rs 90,669 crore (up to September 25, 2017), against Rs 94,063 crore mopped up in the first month of the new indirect tax regime rollout.
Of this, as much as Rs 14,402 crore has come in from the Central GST (CGST), Rs 21,067 crore from State GST (SGST), Rs 47,377 crore from Integrated GST (IGST) and Rs 7,823 crore from compensation cess levied on demerit and luxury goods. Of Rs 7,823 crore, Rs 547 crore is compensation cess from imports in August.
9:30 am Govt borrowing limit: The Centre yesterday kept the gross borrowing target for October-March unchanged at Rs 2.08 lakh crore but indicated that the government may raise more funds from the market if required.
The net borrowing during the second half of the financial year will continue to remain at Rs 1.92 lakh crore.
A major part of the borrowing will be done in the quarter ended December.
The gross borrowing for 2017-18 has pegged at Rs 5.8 lakh crore, with net borrowing aimed at Rs 4.25 lakh crore, after taking into account the redemption figures.
About four shares advanced for every share falling on the BSE.
Tourism Finance Corp of India was the most active stock on exchanges, up 8 percent after big block deal.
10:12 am Buyback: Shares of Lovable Lingerie advanced 14.6 percent intraday as it is going to consider buyback of shares.
The meeting of the board of directors of the company is scheduled to be held on October 06, to consider the proposal for buyback of equity shares of the company.
The trading window of the company will remain closed for trading by designated persons as per insider trading rules of the company from September 29, 2017 to October 12, 2017 (both days inclusive).
10:01 am Rate cut likely?: State Bank of India has cut the interest rate for one year deposits by 25 basis points (bps) for both general public and senior citizens.
In an interview to CNBC-TV18, Rajnish Kumar, Managing Director of State Bank of India said the bank had Rs 25 lakh crore of deposit and one year deposit would be Rs 3 lakh crore.
On lending front, he said bank's market share was around 21-21.5 percent, so to that extent the bank was able to protect market share.
He said segment of operations of non banking financial companies (NBFCs) are different from some public sector undertaking (PSU) banks.
He does not expect rate cut from Reserve Bank of India (RBI) because macroeconomic data is not favourable.
9:55 am Order win: Shares of MEP Infrastructure Developers added 6.3 percent intraday as it has won a contract for collection of toll at all entry points to Delhi.
The company has been awarded the letter of award by the office of the director local bodies (Toll Tax Department) to engage as the contractor for South Delhi Municipal Corporation (SDMC).
The company will collect toll tax & environment compensation charge (ECC) at border points from specified commercial vehicles entering Delhi.
The commercial operations will commence from October 1, 2017 for a period of 5 years.
9:45 am Crude Outlook: Crude oil gained a little over 9 percent month to date.
"Investors have really gained confidence in oil, after the OPEC cuts that were originally discussed earlier in the year are starting to take shape here, and oil production is being curbed," Phil Streible, senior market strategist at RJO Futures, said Thursday on CNBC's "Trading Nation."
Further fueling the commodity's recent upside is the International Energy Agency having upped its demand outlook for the end of this year and into 2018, Streible said.
Due to this combination of production cuts and growing demand, oil could head up to its 2017 high, just above USD 55, or even USD 60 per barrel by year-end. A global supply glut has plagued the market for several years, and OPEC member countries and non-member producers have vowed to implement cuts to curb such oversupply.
9:35 am FM sees rise in GST collections: Finance Minister Arun Jaitley said the Goods and Services Tax (GST) collections in the first two months have met the target and going forward the revenue will see further surge.
"We are now just finished second month. As a base year of 2015-16, we had to give two hikes of 14 percent each to the states, and for both the months (July and August), with some part of the compensation cess, we are well within that figure," he said at the release of a book titled 'India@70 Modi@3.5'.
Total GST collection for August touched Rs 90,669 crore (up to September 25, 2017), against Rs 94,063 crore mopped up in the first month of the new indirect tax regime rollout.
Of this, as much as Rs 14,402 crore has come in from the Central GST (CGST), Rs 21,067 crore from State GST (SGST), Rs 47,377 crore from Integrated GST (IGST) and Rs 7,823 crore from compensation cess levied on demerit and luxury goods. Of Rs 7,823 crore, Rs 547 crore is compensation cess from imports in August.
9:30 am Govt borrowing limit: The Centre yesterday kept the gross borrowing target for October-March unchanged at Rs 2.08 lakh crore but indicated that the government may raise more funds from the market if required.
The net borrowing during the second half of the financial year will continue to remain at Rs 1.92 lakh crore.
A major part of the borrowing will be done in the quarter ended December.
The gross borrowing for 2017-18 has pegged at Rs 5.8 lakh crore, with net borrowing aimed at Rs 4.25 lakh crore, after taking into account the redemption figures.
We Are SEBI Registered and ISO Certified Investment Advisor, We Are
Providing 2 day’s free trial in all segments like Equity, Commodity And
Forex, We also Provides services for Stock Investing Tips Stock market tips, HNI Tips
Intraday Tips and many more tips regarding Share market Services. For
More Details Call us On +91-8109999233, or Go through this link http://bit.ly/2t5Gmcv and register now free.
No comments:
Post a Comment