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Showing posts from March, 2017

Supreme court Banned the sales of BS-III Vehicles

Supreme court ordered today that BS-III Vehicles will not be sold from 1st of April 2017. Basically this has been done to reduce the air pollution. Several Automobile companies has inventory of BS-III  they have around 8.5 lakh vehicle with BS-III engines in their inventory, as per reports. The estimated worth of these BS-III vehicles is around Rs 12,000 crore, reports suggested.   This has created a panic in Auto index and most of the shares has gone down. Earlier  the court rejected auto companies plea over the demand for relief of six to seven months.

BAN on Reliance Industry Ltd.

SEBI(Securities and exchange board of India) banned Reliance industries along with 12 others from equity derivatives trading and also infused a penalty of Rs 447 crore, along with an annual interest of 12% since November 29,2007 taking the total amount to almost Rs 1000 crore. The case related to alleged fraudulent trading in the F&O space in the securities of RILs subsidiary Reliance Petroleum. ONE YEAR BAN The ban will be in place for one year. This is a ten year old case as RIL earlier also asked SEBI to close the case but SEBI refused it. About case When shares of Reliance Petroleum was listed, RIL decides to offloads it’s 5% stake in it. For sake of this the 12 entities which are banned taken an adverse position in F&O, as they sold futures and increased the OPEN INTEREST.   Sebi calculated Rs 513 crore by taking into account the net short positions in derivatives for all the days the 12 entities maintained during November 2007. As share price gown...

Market update 23rd March

Indian market opened positive as Overseas Asian stocks were trading higher as investors were on edge ahead of a vote on US health care later today, 23 March 2017 that could be a barometer for future Trump administration policies. Now going forward, the zone of 8980-9000 is a crucial support level for the Nifty. On the upside, the zone of 9080-9100 is likely to act as a stiff resistance zone.  15 new stocks added to (F&O) segment: The National Stock Exchange (NSE) on Wednesday said 15 new stocks would be added to the futures and options (F&O) segment from March 31. Of these, six are from the financial space — Capital First, Muthoot Finance, Equitas Holdings, Ujjivan Financial Services, Max Financial Services and Indian Bank. Currently, 174 NSE stocks have been allowed to trade in the F&O segment. Other stocks which will be included in the F&O segment include names like Shree Cements, InterGlobe Aviation, Piramal Enterprises, Dalmia Bharat, Suzlon Energy, I...

Market update 22nd March

Market opened down by almost 70 points taking global cues as US stock sank yesterday. Market is expected to be negative for intraday session although a slight up move in afternoon session can not be ignored but sentiments remains negative.This correction was due in the market and for short term trader 8950 will act as a support for nifty on the another hand sentimental support is of 9000. The trading activity yesterday showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 1662.72 crore yesterday, 21 March 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 798.57 crore yesterday, 21 March 2017, as per provisional data. 9170-9200 will act as a resistance zone. Stocks which will be in focus today: Dena Bank: Board approves raising of share capital by the bank, amounting to upto Rs 800 crore. Wockhardt: Drug firm, Wockhardt, has received approval from the US heath regulator to m...

How to invest in stock market?

Investing in share market has never been easy and remember it will never will. But by following certain points a beginner can avoid lots of negativity related to market.        Avoid the herd mentality-A typical trader or investor always takes a decision influenced by neighbours or relatives. But this strategy is going to backfire in long run. No need to say that you should always avoid herd mentality if you don’t want to lose your hard earned money. The World’s greatest investor Warren Buffet was surely not wrong when he said, “Be fearful when others are greedy, and be greedy when others are fearful!” Taking informed decision-Proper research should be done before investing in stocks. But that is rarely done. Investor generally go by the name of the company or the industry they belong to.   Invest in business you understand-Never invest in a stock. Invest in a business you understand. In another words, before investing in a company you should know w...

Essential tips for dealing in stock Market

Investing in stock market has never been so much lucrative as it has been in recent past. There are many factors behind this whole thing like FDIs investment, global sentiments and demonetization apart from all this stable government. But to deal in stock market there are certain basic rules which needs to be followed. First and foremost thing is to have a Demat account and investment. Before investing any sum it is advisable to calculate your risk appetite. After making an investment it is good to start investing in stocks although there are many other options also available for starting investment like mutual funds but for a new investor it is very difficult to judge that where he/she should invest money in mutual funds. Stocks with familiar name sounds more convenient e.g SBI,Reliance.Everyone is familiar with these kind of name so the first instinct is to invest in familiar name although investing in familiar names may be some time risky and picking stock for investment is al...

Market update for 21st March

Market has opened on a positive tone and the trend for market will be sideways. The support for nifty is around 9106 and breaching this level may extend the correction of another 50-60 points. The resistance is around 9170-9200.There are lots of action happening around in stocks at present juncture so traders should have stock centric approach rather to trade index. Some stocks which are in focus today: Divi’s lab: US FDA issues import alert for Vishakhapatnam unit-2 HCL Technologies: IT major, HCL Technologies, said its board has approved a buyback of shares worth Rs 3,500 crore.   Engineers India: The company said its board has approved a buyback of over four crore equity shares worth Rs 658.80 crore. Oil India: The government-run company will buyback 5.6 percent of the company's shares worth Rs 1,527 crore. IL&FS Engineering and Construction: The company secured a Rs 222.7 crore project for rural electrification in Ranchi. The project is covered under t...

Market wrap up for 20th march

Indian market moved in a narrow range for whole day and was negative for most of the time despite clearing GST legislations. Several stock specific moves were seen and profit booking at higher level was observed in the market. One of the top news for the day was approval of merger by board of directors of Idea cellular with Vodafone due to which idea initially showed strength but loosed all its strength as market progressed towards intraday closing. Telecom sector consolidation will hit employment badly because it will reduce market players. As Aircel-Reliance merger is expected to reduce 5000 number of jobs. Stocks which will be in focus on 21 st march: Wipro: Wipro has emerged as a ‘Leader' in Gartner's Magic Quadrant for managed workplace services, North America. The share price of the company will be watched on March 21. Nestle India: Nestle India has introduced MILO Ready to Drink – The Sports Partner for kids. The share price of the company will remain in the li...

Market update for 20th march 2017

Nifty has opened on a flat note and 9220 will act as a near resistance. Although market is in a strong bull run,for intraday trader only short selling is advisable. Traders with long position with short term view should book profit and wait for a dip to happen. Long term trader  should continue their position. Support for nifty is placed at 9120. Stocks in news: Indiabulls Real Estate : To issue debentures via private placement method for a tenor of 13 months on March 22, 2017. NTPC : State-run power producer NTPC said it has commissioned the second unit of 660MW of Mouda Super Thermal Power Station Stage- II. Idea : Board members had approved merger with vodaphone. Welspun India : Home textile player, Welspun India has started its Rs 150 crore Needle Entangled Advance Textile Plant for its technical textiles business at Anjar in Kutch. IT stocks : Key IT stocks will in focus after media reports suggested that Cognizant may cut at least 6,000 jobs, which repre...

When to invest

Do you want to earn money????If you don’t then this content is not for you. We all want to earn money or either you are earning money for your bread and butter. Then the question arises why you need to invest? The expenditures what you are making now for your daily needs is going to increase day by day or year after year along with inflation. So the standard of living what you are maintaining now will need more money to maintain the same standard of living in coming future. Apart from this every one want to spend a luxurious life or there are certain things like bike, cars ,vacation etc which is the basic need of the hour; for all these things either you will depend on your salary or some another sources which may take longer period of time. If we will compare a situation when someone started to invest from very first month of his job with someone who started investing after 5 years will meet these goals more early in his life. Apart from all these things investment creates a h...