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Revenue was up at Rs 202 crore against Rs 44 crore. PNB Gilts shares rose 16 percent intraday Thursday after the company reported a net profit in the quarter ended December 2018. It has posted a profit of Rs 93.3 crore in Q3FY19 against loss of Rs 36 crore, YoY. Revenue was up at Rs 202 crore against Rs 44 crore. The share touched its 52-week high Rs 40.40 and 52-week low Rs 24.00 on 09 April 2018 and 01 October 2018, respectively. Currently, it is trading 24.38 percent below its 52-week high and 27.29 percent above its 52-week low. At 14:30 hrs PNB Gilts was quoting at Rs 32.65, up Rs 3.30, or 11.24 percent on the BSE. Do something different, now what? You can find  Best Stock Market Advisory in Indore  for daily share market recommendations.

Bidding for the 10th round of City Gas Distribution (CGD) licenses closed on February 5. For more  Stock market  information An investment of about Rs 50,000 crore is expected in setting up of CNG stations and pipelines to take cooking gas to households in 50 towns and cities that were bid out for city gas license in the 10th round, oil regulator PNGRB said. As many as 225 bids were received for a license to retail CNG to automobiles and piped natural gas to households in 50 geographical areas (GAs) offered in the 10th City Gas Distribution bidding round, the Petroleum and Natural Gas Regulatory Board (PNGRB) said in a statement. Bidding for the 10th round of City Gas Distribution (CGD) licences closed on February 5. "The technical bids would be opened between February 7 and 9," it said adding licenses would be awarded by month end. It, however, did not disclose the identity of the bidders, which would be known only after bids are opened later thi...

At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 3.05, or 0.74 percent, at Rs 419.85 per kg in a business turnover of 852 lots. Market Tips and recommendations Follow  Marketcaptains Copper futures traded 0.74 percent higher to quote at Rs 419.85 per kg Friday as traders enlarged their bets, taking positive cues from global markets. At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 3.05, or 0.74 percent, at Rs 419.85 per kg in a business turnover of 852 lots. Similarly, copper for April contracts were trading higher by Rs 2.60, or 0.62 percent, at Rs 423.90 per kg in a business turnover of 97 lots. Marketmen said the rise in copper prices at futures trade was mostly supported by a firming trend at the London Metal Exchange (LME) after a forecast of a drop in output in 2019. Globally, at the LME three-month copper had inched up 0.3 percent to USD 5,939.50 per ton...

Net Sales are expected to increase by 28.6 percent Y-o-Y (up 20.7 percent Q-o-Q) to Rs. 5,318 crore, according to Prabhudas Lilladher. Do something different, now what? You can find  Best Stock Market Advisory in Indore  for daily share market recommendations. Prabhudas Lilladher  has come out with its third quarter (October-December’ 18) earnings estimates for the  Consumer sector . The brokerage house expects Titan Company  to report net profit at Rs. 413.8 crores up 34.3% year-on-year (up 20.5% quarter-on-quarter). Net Sales are expected to increase by 28.6 percent Y-o-Y (up 20.7 percent Q-o-Q) to Rs. 5,318 crore, according to Prabhudas Lilladher. Earnings before interest, tax, depreciation, and amortization (EBITDA) are likely to rise by 36.2 percent Y-o-Y (up 22.1 percent Q-o-Q) to Rs. 605.6 crore.

In the current scenario, traders need to follow the levels strictly as far as Nifty is concerned. The index should be held long with 10,628 stop loss. On the upside 10,870 is acting as a crucial resistance level while and on the downside 10,700 is the crucial support, Vinay Rajani, Senior Technical Analyst at HDFC Securities, said in an interview with Moneycontrol's Kshitij Anand. Q) It looks like the market is losing steam at higher levels. 10,850-10,900 levels are acting as a crucial resistance level for the index. Do you this as nervousness ahead of the interim budget? A)  For the last 9 weeks, the Nifty is moving in a schizophrenic manner. Every alternate week, it is moving in the opposite direction. The Nifty ended this week with an "Inside bar" pattern on the weekly charts, indicating indecision in the trend and that is why rallies are getting sold off and corrections are bought in to. The Nifty has been forming lower tops and higher b...

According to Angel Commodities, NCDEX Jan Soybean futures closed higher due to some short covering on Monday. Moreover, a firm trend in international markets and improved physical demand from the oil mills also supported price rise. Angel Commodities' report on Soybean NCDEX Jan Soybean futures closed higher due to some short covering on Monday. Moreover, a firm trend in international markets and improved physical demand from the oil mills also supported price rise. According to senior govt officials, China is likely to open its doors to soybean from India after allowing the import of non - basmati rice and raw sugar. As per SOPA officials, India's soymeal exports are expected to have declined 24% on month to around 2 lakh tons in December, primarily due to appreciation in the rupee against the dollar. USDA in its December update showed no changes to the India output at 11 mt for 18/19 season, but up 32% on year. USDA pegs some production up 2.2% on month and 22% on ...

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...

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...

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...

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 fr...

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...

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...

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 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 ...

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 ...

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...