live chart

Moneycontrol

Wednesday 6 December 2017

Market Live: Sensex trades lower, Nifty below 10,100; RBI rate decision eyed

Market Live: Sensex trades lower, Nifty below 10,100; RBI rate decision eyed. Investors maintained cautious stance ahead of RBI policy decision.


Investors maintained cautious stance ahead of RBI policy decision.

10:35 am Inflation: Countering the Congress's allegations of "price rise", Finance Minister Arun Jaitley today said inflation data shows a steady decline in general prices.

Taking to Twitter, he gave comparative data on inflation during the UPA rule and the Narendra Modi government with the help of graphs.

"Since the issue of price rise has been raised by some in the Congress Party, let the data on inflation figures speak for itself," he tweeted.
 
Equity Tips Free Trial

"Inflation Data shows a steady decline in general prices," he said in another tweet.

10:25 am Rupee Trade: The rupee depreciated by 3 paise to 64.41 against the dollar at the interbank forex market today ahead of the announcement of RBI's monetary policy amid foreign fund outflows.

Dealers said increased demand for the American currency from importers also weighed on the rupee but dollar's weakness against other currencies overseas limited the losses.

Yesterday, the rupee had struggled to hold on to early strong gains and eventually ended the day almost flat at 64.38 against the US dollar.

10:15 am Buzzing Stocks: Shares of Plastiblends India and The Byke Hospitality fell 2-8 percent intraday on the back of weak September quarter (Q2FY18) numbers.

Byke Hospitality has reported 10 percent decline in its Q2FY18 net profit at Rs 5.2 crore against Rs 5.76 crore in a year ago period.

Revenue of the company was down 45 percent at Rs 29.4 crore and EBITDA was down 6 percent at Rs 11 crore.

The company announced acquisition of the 3 hotels, The Byke Nature Villas (35 rooms) in Shimla, The Byke Puja Samudra (42 rooms) in Kovalam and The Byke Brightlands Resort (63 rooms) in Matheran.




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.

Tuesday 5 December 2017

Market Live: Sensex, Nifty trade lower after Fitch cuts FY18 India growth forecast

Investors remained cautious ahead of mid-term review of foreign trade policy due later today and RBI policy tomorrow.


11:16 am Market Check: Equity benchmarks remained under pressure in morning after the Fitch Ratings lowered India's economic growth forecast for FY18. Investors also maintained their cautious stance ahead RBI policy meet and mid-term review of foreign trade policy.

The 30-share BSE Sensex was down 107.30 points at 32,762.42 and the 50-share NSE Nifty declined 31.70 points to 10,096.10.

Equity Tips Free Trial

 About two shares declined for every share rising on the BSE.

11:05 am Project Execution: Tejas Networks has successfully completed execution of a high capacity national optical backbone network in Bangladesh for Bangladesh Submarine Cable Company, in partnership with Telephone Shilpa Sangstha.

10:55 am Debt Financing: Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totaling USD 583 million to develop Reliance Power's 750 MW LNG Based Combined Cycle Power plant and LNG Terminal Project in Bangladesh

10:45 am RBI Preview: The Reserve Bank of India (RBI) looks set to keep its policy rate on hold on Wednesday, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus.

All but two of 54 analysts in a Reuters Poll said the repo rate would be left at 6.00 percent, the lowest since November 2010.

In August, the RBI made its only cut in 2017, of 25 basis points, and in October, it held.

On Wednesday, after a two-day meeting, the RBI is likely to reiterate concern about inflation, as the annual rate increased to 3.58 percent in October. That's low by Indian standards, but not far from the central bank's 4 percent target.

Another source of RBI discomfort is that core inflation, which excludes food and energy prices, has remained stubbornly high at around 4.5 percent.

The central bank is likely to reiterate a "neutral" stance, thus giving itself flexibility to cut rates in February, even though only seven of the 48 analysts in the Reuters poll who gave a view on 2018's first meeting expect that outcome.

10:35 am Services PMI: The Indian service sector dipped into contraction territory during November, following growth in the previous two months. This was matched by a reduction in new work. Panellists widely blamed the deterioration in business performance to the goods and service tax (GST). Meanwhile, cost pressures intensified during the latest survey period.

Posting below the no-change mark of 50.0 in November, the seasonally adjusted seasonally adjusted Business Activity Index signalled a contraction of the service sector for the first time in three months. That said, the rate of decline was modest.

With growth in manufacturing production offsetting the fall in services activity, private sector output rose for the third consecutive month in November. Reflecting a slowdown in output growth, the Nikkei Composite Output Index fell from 51.3 in October to a three-month low of 50.3 in November. This signalled a broad stagnation in private sector output in India.

10:15 am Order Win: Steel Strips Wheels announced bagging of another exports order for supply of steel wheels for European Union caravan market.

Order comprises of 18,500 newly developed steel wheel to be shipped from company's Chennai plant from current month onwards, the company said.

10:05 am Buzzing: Bharat Forge shares gained more than 3 percent in morning after strong trend continued in North America class 8 truck orders in November.

North America class 8 truck orders for the November month were at 32,387 units, a massive growth of 68 percent over 19,285 units in year-ago.

The reason for strong leap in truck and tractor sales was US economic growth that has been topping 3 percent for last two quarters.

However, month-on-month basis, class 8 truck orders declined 9 percent from 35,700 units in October.

North American business contributes 40 percent to company's total revenue.




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.

Monday 4 December 2017

Market Live: Infosys helps Sensex gain strength again; Tata Motors rises 2%

Biocon surged 10 percent as the US FDA approved Mylan and Biocon's Ogivri, the first biosimilar for Trastuzumab, for the Treatment of HER2-Positive breast and gastric cancers.


11:48 am Buzzing: Shares of Wipro declined 3.2 percent as National Grid US filed lawsuit against company in the US court.

The suit filed by National Grid against the company in the US court for the Eastern District of New York seeking damage amounting to USD 140 million plus additional cost related to the project.

National Grid has been a valued customer of Wipro in the US and UK for several years.

The company strongly believes that the allegations misstate facts and the claims are baseless. The company will vigorously contest the allegations in court.

Equity Tips Free Trial

 The lawsuit is related to an enterprise resource planning (ERP) implementation project, which began in 2009, and was undertaken by National Grid US.

11:40 am Crude Oil Update: Crude oil futures eased by Rs 26 to Rs 3,736 per barrel today as speculators reduced their positions amid a weakening trend overseas.

Profit-booking at existing levels too weighed on crude prices, analysts said.

At the Multi Commodity Exchange, crude oil for delivery in December was trading lower by Rs 26, or 0.69 percent, to Rs 3,736 per barrel in 1,902 lots.

The oil for delivery in far-month January 2018 also fell by Rs 25, or 0.66 percent, to Rs 3,749 per barrel in 43 lots.

The West Texas Intermediate (WTI) crude lost 0.3 percent at USD 58.15 a barrel, while Brent crude, the international benchmark, fell 0.4 percent to USD 63.51 a barrel at the New York Mercantile Exchange.

11:20 am Buzzing: Tata Motors share price rallied 3 percent intraday following strong commercial vehicle sales data reported by the company in November

"The commercial and passenger vehicles sales performance in domestic market in November 2017 was at 52,464 units, a growth of 58 percent, over last year due to growing demand across segments, introduction of new products and strong customer initiatives," the company said in its filing.

Commercial vehicle sales increased 71.9 percent year-on-year to 35,307 units in month gone by.

"The commercial sector has bounced back strongly after the initial disruption in the market, surrounding demonetization and the BS4 transition that largely affected the transport industry last year," the company said.

Tata Motors said passenger vehicle sales growth of 35 percent at 17,157 units was driven by strong growth momentum of new generation Tata cars.

11:06 am Market Check: Equity benchmarks gained strength again, backed by Infosys that extended rally to nearly 4 percent after appointment of Salil S Parekh as MD & CEO of the company.

The 30-share BSE Sensex was up 112.18 points at 32,945.12 and the 50-share NSE Nifty gained 30.70 points at 10,152.50.



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.