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Granules India surges 7% post co promoters sell shares worth Rs 50cr

The promoters are also monetizing personal assets worth up to another Rs 550 crore, which is expected to be complete shortly. Shares of Granules India surged 7 percent intraday Friday after company's promoter some stake to a group of reputed investors in a block deal. The promoters of Granules India sold 50 lakh shares to a group of reputed investors in a block deal on the stock exchanges, to mobilize about Rs 50 crore. In addition to it, the promoters are also monetizing personal assets worth up to another Rs 550 crore, which is expected to be complete shortly. The funds raised through these transactions will be used to reduce promoter leverage by up to Rs 100 crore and which will subsequently bring down the Promoters pledged position to around 30 percent from current level of 54 percent, company said in a release. At 11:01 hrs Granules India was quoting at Rs 108.60, up Rs 4.80, or 4.62 percent on the BSE. For more trading tips find ...

'Dabur, Axis Bank among 5 stocks that could return up to 15% in a month'

On the upside, the index has resistance zone in the region of 10840-10870 levels. But, crossing above 11000 levels on a sustainable basis will confirm the uptrend. For the last four weeks, Nifty is witnessing narrowing of trading range forming a short-term symmetrical triangle pattern and it has also completed 5-wave structure. For more   Stock market  information Thus, we expect a breakout soon. On the downside, if the index starts to trade below 10,692 then we expect the decline towards 10,628. Going below 10,628 would confirm a breakdown and the index can see decline towards 10,425. On the upside, the index has resistance zone in 10,840-10,870 bracket. But, crossing above 11,000 sustainably will confirm the uptrend. In Nifty options, maximum open interest for Puts is seen at strike price 10,500 followed by 10,000; whereas for Calls it is seen at strike price 11,000 followed by 10,900. A further rise in VIX above 17 will be negative for the market. It need...

Metal stocks lose shine as China’s factory activity shrinks first time in 19 months

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for December, released on Wednesday, fell to 49.7 from 50.2 in November, marking the first contraction since May 2017. Do something different, now what? You can find Best Stock Market Advisory in Indore for daily share market recommendations. The Indian stock market has slipped further in the afternoon session on January 2 with the Nifty50 down close to 150 points and the Sensex down about 450 points. Nifty Metal and auto index was the underperforming sectors, down close to 3 percent dragged by Hindalco Industries, JSPL, JSW Steel, Tata Steel, NALCO and Vedanta. Nifty Metal was down almost 3 percent in this afternoon session dragged by JSW Steel, Tata Steel, and Vedanta which dipped over 3 percent. The other losers included NALCO, Jindal Steel & Power and Hindalco Industries that shed 1-2 percent. The S&P BSE Metal index was down 2.4 percent with losses from Vedanta, JSW Steel, and T...

Expect crude prices to remain sideways; gold to trade with upward bias

Global oil demand has increased from 97.25 mbpd in 2017 to 98.79 mbpd in 2018 and is set to increase by another 1.3 percent in 2019. Indian macroeconomic outlook majorly depends on how crude prices move. During 2018, the sharp rally in crude prices internationally impacted the rupee and subsequently Indian equity market also fell. And once crude started falling, Indian equity market too gradually started inching up. On the other hand, gold price changes reflect more about the prevailing global macro outlook. Gold has been lying low for the large part of 2018 but is rising now as global growth uncertainty has resurfaced. Going forward, crude prices are expected to remain sideways; gold is expected to trade with an upward bias. For more trading tips find   top 10 advisory company in Indore  In Q4CY18 gold price has rallied by 6 percent and has crossed its 200-day moving average. Fundamental demand drivers for gold are jewelry, bars and coins, central ba...

2018 review: 5 major lessons that investors can learn from market

It has been a tough year for the market as benchmarks have posted gains of 3-5 percent so far against 29-30 percent they had posted during 2017. Focusing on quality, looking at valuations and looking at long-term factors are some of the few lessons that an investor could learn from 2018 markets, experts said. It has been a tough year for the market as benchmarks have posted gains of 3-5 percent so far against 29-30 percent they had posted during 2017. The year has been even more challenging for mid and small caps, each index shedding 12-15 percent during the year. In 2017, both categories returned around 50 percent. For more free trading tips find  Top 10 Stock Advisory Company Indore Though such times come and go in the market, experts tell you to keep these five lessons in mind to make an informed investment decision. Experts believe that an investor must pay heed to valuations of stocks that they wish to buy, sell or hold. Last year witnessed valuations bei...

Too many insurance ads on social media? Blame analytics firms

If you have been hit by a wave of insurance advertisements on the social media profile page, you could blame analytics firms. For the past four to six months, data analytics firms are on an overdrive to identify ‘potential’ policyholders and help insurers initiate contact with the right users. Life insurers want healthy customers and the idea is to identify such users using mining techniques. Using certain keywords like ‘fitness’, ‘exercise’, ‘quit smoking’ and ‘diet’ as well as those related to eating healthy food. Individuals below 35 years of age are shortlisted. If it is an open profile, details related to the individual’s lifestyle is looked at. Out of a pool, a few thousand profiles could be chosen which would then be shortlisted to be presented to the insurance company. The insurance company then engage their internal teams to sift through these leads using their own underwriting criteria. For instance, one insurance company would only be looking to capture a customer ...

Interest in mutual funds raised in debt, know what is the reason

Interest in mutual funds is increasing in debt products. The reason for this is the expected change in interest rates. Fund houses like Aditya Birla, IDFC and Kotak have doubled their investment maturity period in bond funds. For more free trading tips find Top 10 Stock Advisory Company Indore The reason for this is that there is hope of a reduction in interest rates in the medium term. After a lot of waits, such hope is awakened after the cash was inserted in the banking system. In the last two seasons, until Wednesday, the benchmark bond Yield decreased 24 basis points to 7.22 percent. Efforts to increase the liquidity of the Reserve Bank of India (RBI) and softening of crude oil prices are expected to reduce interest rates next year. Since October, the Bond Yield has declined by nearly 94 basis points. Because of this, Bond prices have increased. A Balasubramanian, CEO of Aditya Birla Sun Life AMC said, "We have been able to get good returns from bond funds due t...

Bucking the trend: 20 stocks gave stellar returns even as mid, smallcaps disappointed

After a dismal performance in 2018, the year 2019 is expected to be a good year on hopes of earnings revival and rally in select stocks The broader markets are heading to close 2018 on a disappointing note after a stellar run in 2017. The year started on a strong note with madcap and smallcap indices hitting record highs in January but the correction in subsequent months stunted their growth trajectory. Experts feel the key reason was the high valuations after a stupendous run in 2017. The BSE Midcap index fell 15 percent (versus 48 percent rally in 2017) and smallcap plunged nearly 25 percent (versus 60 percent upside) while the 30-share BSE Sensex gained 5.6 percent upside. "Despite such huge corrections, midcaps are still relatively overvalued with respect to largecaps due to overly optimistic earnings projections.. He further said earnings growth hasn't matched the nominal GDP growth as well as the growth in valuation multiples for the past few years, in...

Nifty target for 2019-end at 14,000; bet on top five large-cap stocks: Karvy

Karvy is of the view that the formation of a business-friendly government would help drive the next rally in equities. Our target for Nifty for December 2019 is 14,000, We believe that the formation of a business-friendly government would help drive the next rally in equities. Our target for Nifty for December 2019 is 14,000, Rajiv Ranjan Singh, CEO, Karvy Stock Broking said in an interview with Moneycontrol’s Kshitij Anand. Yes, as we have seen steady rollovers into December series, and positive news flow from G20 meet, especially trade war truce between the US and China, helping global markets to move on a stronger note. With a slew of events such as US Fed meet outcome, RBI meeting lined up during December, indices are likely to be volatile. The Nifty is likely to trade in a broad range of 10,600-11,200 with a positive bias. Do you think the pain in the mid and smallcaps is here to stay? The mid and small-cap stocks tend to outperform when they are at a sign...

Gold pulls back from 5-week high as dollar edges higher

Spot gold was down 0.3 percent at $1,234.71 per ounce as of 0422 GMT, after hitting its highest since Oct. 26 at $1,241.86 an ounce in the previous session. U.S. gold futures were down 0.5 percent at $1,240.2 per ounce. Gold prices dipped on Wednesday, retreating from a more than five-week top hit in the previous session, as the dollar crawled higher. Spot gold was down 0.3 percent at $1,234.71 per ounce as of 0422 GMT, after hitting its highest since Oct. 26 at $1,241.86 an ounce in the previous session. U.S. gold futures were down 0.5 percent at $1,240.2 per ounce. "Gold is mainly tracking the U.S. dollar," said Brian Lan, managing director at dealer GoldSilver Central in Singapore. Market Tips and recommendations Follow Market Captains . "Today's move in gold prices is a correction because yesterday prices were up quite a bit." The dollar index, which measures the greenback against a basket of six major currencies, edged up about 0.1 p...

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...

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...

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-...