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Showing posts from November, 2018

Here’s the silver lining in traders’ outlook for gold

It is still premature for gold traders to start buying. That’s the judgment of many contrarian analysts, who note that gold market sentiment is not yet favorable. This is the same opinion they had six weeks ago, the  last time I focused a column on gold market sentiment . Gold  GCG9,   -0.21%    today, of course, is trading  slightly lower than where it stood then . Consider the average recommended gold market exposure level among a group of several dozen short-term gold timers monitored by my Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). This average currently stands at 10.4% — indicating that the average gold timer currently is allocating just 10% of his gold-trading portfolio to gold. Though this HGNSI reading of 10.4% is a lot lower than the greater-than-60% readings registered in late October, it nevertheless is not so low as to indicate the excessive bearishness that typically accompanies a tradable low. My research int

5 Secretes that make Rakesh Jhunjhunwala Successful Investor

Rakesh jhunjhunwala is indeed successful stock market investor. So question arise that what are things/qualities that makes Rakesh Jhunjhunwala successful & billionaire Investor? India has many so-called stock experts, trader stock analysts but none of the trader or stock analyst is as successful as Rakesh Jhunjhunwala. So with close observation I could locate following 5 secretes that make Rakesh Jhunjhunwala successful billionaire Investor. 1) Capital:- To make money you need money, this may not be true in many cases but in case of stock market you need a lot of capital to become zero to hero or to become successful billionaire Investor. But another big thing is capital can be made also. This is what rakesh jhunjhunwala has done. How he has gone with a starting capital of Rs 5,000 to a net worth of a few thousand crore rupees is now the stuff of urban legend. (2) Knowledge:- In today’s world for every business or job you need relevant experience an

How do people get rich from stock markets?

Everyone wants to earn money from the   share market    and wants to become rich quickly, And we Indians are not the exception to this rule. This is the only minded passion that motivates lakhs of people in the country to invest in the stock market every year. After buying gold, investing hard money in the purchase and sale of listed stocks on the stock market is a quick recipe for millions of people looking for quick money. However, with any kind of investment, there are several risks in trying to earn money from equity. In those days when stock prices fall without warning, you can lose the pile of money within minutes. But on Flip side, if you are a careful investor who follow all of Dos and Don to invest in the stock market - this is the best way to make quick money for you. So if you are thinking already - how can I invest in the stock market and be rich in myself? do not worry; We've covered it. Share Bazar: - How to invest in the stock market in India Here is a

D-Street awaiting cues from RBI policy, OPEC meet and state elections’ results

Investors are taking a risk-averse approach due to the corporate governance issue being faced in the banking & NBFC sector Equity markets are likely to remain range bound before the upcoming events in the coming few weeks, as the traders/investors are waiting for the outcome of upcoming important events such as RBI monetary policy meet, OPEC meeting during the next week and the state election results in the week after. The markets have got some respite after RBI’s steps to inject liquidity through open market operations. This has lead to the 10-year bond yields fall to ~7.65 percent from the highs of ~8.20 percent. However, the investors are taking a risk-averse approach due to the corporate governance issue being faced in the banking and NBFC sector. This week the auto companies will be releasing sales data for the month of November – investors are awaiting these numbers as these will include festive sales data. Share Market Tips and recommendations Fo

China December coal imports set to slump on new curbs: Traders

Coal imports by the world's top consumer of the material used for power generation, heating and steel making rose in the first 10 months of 2018 to 252 million tonnes, up 11 percent from a year ago and not far below last year's total of 279 million tonnes, according to official data. China's coal imports are set to slump in December as traders and utilities wind back purchases following signals from Beijing that it will stop clearing shipments until next year, trading companies and utilities told Reuters. Coal imports by the world's top consumer of the material used for power generation, heating and steel making rose in the first 10 months of 2018 to 252 million tonnes, up 11 percent from a year ago and not far below last year's total of 279 million tonnes, according to official data. However, domestic coal prices have eased in recent months, even as China enters its peak demand season over winter, with utilities sitting on record coal stoc

D-Street Buzz: Nifty Metal falls 2% dragged by JSPL, SAIL; ONGC falls 4%, HUL gains

The breadth of the market favoured the declines with 566 stocks advancing and 1093 declining while 411 remained unchanged. On the BSE, 844 stocks advanced, 1488 declined and 149 remained unchanged. The Indian benchmark indices continues to trade flat with the Nifty50 down 4 points, trading at 10,522 while the Sensex is up 9 points at 34,989. Nifty metal is down over 2.5 percent dragged by JPSL which tanked 6 percent followed by Coal India, SAIL, Tata Steel, NALCO, Hindalco Industries, Vedanta and Welspun Corp. Nifty Energy shed half a percent with loses from GAIL India and ONGC. Pharma stocks are also down dragged by Piramal Enterprises, Cadila Healthcare, Sun Pharma and Divis Labs. The top gainers from NSE include Asian Paints, Hindustan Unilever, Bharti Airtel, HPCL and BPCL. The top losers included YES Bank, ONGC, Vedanta, Tata Steel and Coal India. The most active stocks were YES Bank, Infosys, Reliance Industries, HDFC Bank and TCS. Electr

Wall Street drops, S&P 500 confirms correction

The Dow Jones Industrial Average fell 178.74 points, or 0.73 percent, to 24,285.95, the S&P 500 lost 17.37 points, or 0.66 percent, to 2,632.56 and the Nasdaq Composite dropped 33.27 points, or 0.48 percent, to 6,938.98. US stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018. The three major US indexes all fell well over 3 percent for the week, with the Dow industrial and the Nasdaq posting their biggest weekly percentage declines since March. The S&P 500 ended about 10.2 percent down from its September 20 closing record high, confirming it had entered a correction. The S&P last entered a correction earlier this year after posting a then record high in late January, and falling more than 10 percent by early February. That correction lasted roughly seven months, until the index posted a fresh

Steps to create a successful long-term financial plan

To identify the fund's suitability and the percentage allocation to each category and fund, it is really important to identify the risk profile and financial goals of the investor. It may sound very easy and doable thing when one simply read about the financial planning process. However, when it comes to implementing the process practically in daily routine, it becomes very difficult for one to follow it. Thus, the simple way to start with it, you should know yourself first. Here are 5 steps to take to have a viable financial plan: Know your financial goal Are you planning your retirement after 25 years? Or, are you planning to buy a new car after 5 years? The first approach to select funds is that one should identify the financial goals and the time horizon it will require to accomplish that financial goal. Once you are prepared with it, then check the list of funds available in the financial market which can help you achieve this goal. Do your ri

Buy Aurobindo Pharma, target Rs 900

The stock can be bought at the current level and on dips to Rs 780 with a stop loss below Rs 755 for a target of Rs 900, says Ashish Chaturmohta of Sanctum Wealth Management. Aurobindo Pharma hit an all-time high of Rs 895 in the month of October 2016 and then declined to Rs 500 from where it rallied back to Rs 809. After hitting a high of Rs 809 in November last year, it again tested its previous low and has seen rally from a low of Rs 527. In the process, the stock has formed a bullish W-shaped bottoming pattern on the weekly chart. For the last couple of months, the stock has been trading in sideways range consolidating it gains below breakout level suggesting breakout on the upside. MACD line has given positive crossover with its average on the weekly chart. Relative strength index and Stochastic have given positive crossover with their respective averages on the daily chart. Thus, stock can be bought at the current level and on dips to Rs 780 with a stop los

MARKETS LIVE: Nifty below 10,750 weighed by IT, metals; YES Bank down 4%

The benchmark indices are trading slightly lower taking cues from their Asian peers which fell due to losses on Wall Street as technology firms bore the brunt of worries about slackening demand. YES Bank has dipped 6.5% to Rs 192 per share on Tuesday, erasing almost its entire Monday’s 7% gain on BSE, after the bank’s independent director Rentala Chandrashekhar put in his papers. “Rentala Chandrashekhar, non-executive, independent director has tendered his resignation from the bank's board, on November 19, 2018, with immediate effect, due to personal reasons,” YES Bank said on Monday after market hours. Shares of Adani Gas have surged 14% to Rs 88.70 per share, their highest level since listing earlier this month, on the back of heavy volumes on the BSE after the stock shifted to normal trading segment with effect from today from the restricted segment. The rupee is trading on a firm note, rising to a two-month high of 71.28 against US dollar in intra-

Gold steady as Fed caution on global economy pressures dollar

Gold prices were steady on Monday, with the dollar subdued after comments from Federal Reserve officials showing caution over the global economy, prompting traders to reassess the pace of future U.S. interest rate hikes. Spot gold was little changed at $1,220.70 per ounce at 0417 GMT, having gained about 0.7 percent in the previous session. U.S. gold futures were down 0.1 percent at $1,222.3 per ounce. The possibility that the Fed might hold a neutral outlook beyond 2018, and a slowdown in the global economy amid the ongoing U.S.-China trade spat will keep investors a little more interested in gold's safe haven appeal, said Benjamin Lu, a commodities analyst with Phillip Futures. Fed policymakers on Friday signalled further interest rate increases ahead, even as they raised relatively muted concerns over a potential global slowdown, leading markets to suspect the tightening cycle may not have much further to run. A fourth rate hike for this year

Share market LIVE updates: Sensex up 250 points, Nifty above and ...

Share market LIVE Updates: After opening about 100 points higher, the 30-share Sensex gained more than 266 points to day's high of 35,526.21, while the broader Nifty 50 was trading above the psychological 10,650-mark. Sensex and Nifty opened in the green on Friday, tracking positive global cues. After opening about 100 points higher, the 30-share Sensex gained more than 266 points to day’s high of 35,526.21, while the broader Nifty 50 was trading above the psychological 10,650-mark. Asian share markets fared better as hopes for a thaw in Sino-U.S. trade relations gave Wall Street a fillip, though there were duelling reports on the prospects for an actual agreement.  MSCI’s broadest index of Asia-Pacific shares outside Japan was ahead 0.26 percent in early trade, while Japan’s Nikkei added 0.2 percent, Reuters reported. U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would

Commodity Market: What to do in the fall of soybean

Bad global signals are getting weakness in oil and oilseeds. CPO at MCX is trading at 1 year level whereas soya oil, soyabean and mustard are also being seen in weakness. Decrease in crude oil is showing weakness in guar. The strengthening of the rupee has hit the guar. Here is a decline in cumin. The possibility of growing the soil has found weakness. Crude oil has completely cooled. And in the coming days it is expected to soften further. Crude has broken 25 percent from the 4-year high and has reached 65 dollars a barrel. In the first week of October, Brent Crude's price was around $ 87 a barrel. That is, the price of crude oil has come down to $ 22 a dollar, from the first week of October to the second week of November. At the same time, natural gas continues to grow. MCX has increased by more than 4%. In the US, there is more support for cold and stock less than normal. Hem Securities Investment Advice

Opinion | With eye on Jet Airways, could Tata be biting more than it can chew?

Apart from competing with various players in the Indian airspace the airline will be fighting for market share with companies in which Tata's have interest. The Tata group is close to buying a controlling stake in Jet Airways, say news reports. If a deal fructifies, it will be a lifeline of sorts for Jet Airways promoter Naresh Goyal. Employees of the beleaguered airline can now hope for a regular salary cheque by the end of the month. However, as far as the shareholders are concerned, the company has merely survived another crisis. The price conscious Indian airline space has been a graveyard for many promoters. Low-cost airlines compete in the same space as full-service airlines, which has resulted in severe damage to the latter. Kingfisher Airlines, Air India, Jet Airways and Tata’s partly owned Vistara have all been badly hit by the price competition. The competition is so high that any increase in oil prices cannot be passed on to consumers; airl

Opinion | Bitcoin turns 10: An idea that shook the world monetary order

In the last 10 years, we have seen several kinds of bitcoins being launched. Not surprisingly, it has divided the monetary economics community. On October 31, 2008, Satoshi Nakamoto published a paper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ that started the cryptocurrency revolution. A decade later, bitcoin and Nakomoto’s paper deserve attention for at least two reasons. One, the idea of bitcoin followed a more communitarian approach to human inventions (or ideas). Unlike most other inventions which are accredited to one or two humans, we do not know who Nakamoto is – the name is a pseudonym. The spirit of bitcoin is not just one person but several others who have contributed towards the idea. Perhaps, this is the way forward on how we should accredit inventions/ideas so that cutting edge innovation happens. Two, bitcoin made the world think about taking a free-spirited approach to money. A world in which the authority to govern money does not rest with o

Wall Street snaps three-day rally as Apple falls, trade optimism fades

The Dow Jones Industrial Average fell 109.91 points, or 0.43 percent, to 25,270.83, the S&P 500 lost 17.31 points, or 0.63 percent, to 2,723.06, and the Nasdaq Composite dropped 77.06 points, or 1.04 percent, to 7,356.99. US stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over US-China trade talks. Apple Inc tumbled 6.6 percent, sending its market value below $1 trillion at the close, a day after the iPhone maker warned that sales for the crucial holiday quarter may miss expectations. Apple in August had become the first publicly listed U.S. company with a $1 trillion market value. The forecast dragged down shares of Apple's US suppliers, mostly chipmakers, and pushed the S&P technology sector down 1.9 percent. "The tone was set by Apple's earnings. That's clearly been a headwind all day," said Eric Kuby, chief investment officer, North Star In

Global palm oil output to rise by nearly 2.5 million tonnes in 2019

Global palm oil output will climb by nearly 2.5 million tonnes in 2019, although growth will slow in top producer Indonesia, industry analyst James Fry said on Friday. "Crude palm oil production will revive outside Indonesia in 2019, but Indonesian growth will slow," Fry said in a presentation at an industry conference on the Indonesian island of Bali. Robust output in Indonesia has this year helped push up global production of the vegetable oil by an estimated 4 million tonnes. "I think growth will be significantly slower for Indonesia, I think it is very hard to have 2 years of such rapid (growth)," Fry said. Malaysian palm oil stockpiles will peak by year-end, and are seen dropping by 750,000 tonnes between December and June, said Fry, chairman of commodities consultancy LMC International. As inventories drop, the Malaysian palm oil price is seen at 2,450 ringgit ($587) per tonne by June, with Indonesian prices at $555 per tonne. You

Diwali Pix: Shine will shine in the ups and downs of the market

Samvat 2074, the previous year between Diwali of this time, has been challenging for investors. During this time the stock market slipped from its heights. Last year, the Sensex rose 2.5 percent, while the BSE Mid and Small cap indices dropped by 14 percent and 21 percent, respectively.  1. mold-tech packaging paint : Volume outlook is better than mold-tech packagingpaint, food and FMCG customers. The strong margins from food and FMCG are getting support.  2. Trident : This is the flagship company of the Trident Group. Its business is in home textile and paper sectors. This company is a trustworthy partner of Top Global Retailers and Fashion Houses. It has its customers in many countries including USA, UK, Italy, France, Japan, Australia The company is engaged in debt reduction.  3. Titan : We are talking about the valuation of consumer and retail stocks, but we believe that the valuation of the companies with better visibility in the m