We recommended traders to BUY INFOSYS above 1045 level and target of 1052-1062 may achieved with a stop loss of 1035.
We recommended traders to BUY VISHNU above 595 level and target of 600-607 may achieved with a stop loss of 588.
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Nifty ended 10493.00 UP 52.70 and Sensex 33940.30 UP 184.02 points.
Expect India to growth at 6.7% in FY18, 7.4% in FY19: IMF’s Maurice Obstfeld.
RBI warns of elevated NPA risks;pvt banks dud loan spike 41%.
Expect to become debt free after selling 100% stake in Mumbai power biz: Rel Infra.
Board has decided to apply for trading licences: NHPC.
Edelweiss aims 200-250% growth in AUM by FY’19.
TCS bags record $2.25 billion outsourcing contract with TV ratings firm Nielsen. » Read more
Nifty ended 10440.30 DOWN 3.90 and Sensex 33756.28 DOWN 21.10 points
India imposes 30% import tax on chickpea, red lentils
Indian bonds hit near 1-1/2-year low on RBI officials’ inflation warning
Reliance Infrastructure sells Mumbai power business to Adanis for Rs 18,800 cr
ABB India wins Rs 134 cr order from railways
Zydus gets USFDA nod for hypertension drug
Expect Q3FY18 to see loan growth of 4-5% YoY: Muthoot Finance » Read more
Nifty ended 10265.65 UP 98.95 and Sensex 33250.30 UP 301.09 points
Bank loan growth hits 3-year high on base effect; shows early signs of revival
WGC for phase-wise implementation of mandatory hallmarking
ICICI Bank mops up $500 mn in overseas bond sale
Tata Motors global sales up 22% in November
Zydus gets USFDA nod for schizophrenia treatment drug
Expecting to grow jewellery business 2.5 times in next five years: Titan » Read more
SHRIRAM TRANSPORT FINANCE COMPANY LTD
Company is a part of the “SHRIRAM” conglomerate which has significant presence in financial services viz., commercial vehicle financing business, consumer finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds. » Read more
Nifty ended 10166.70 UP 122.60 and Sensex 32949.21 UP 352.03 points
Expect March inflation around 4.5%; bond yields at 6.75-6.8% by Jan: Nomura
Loadshedding to be a crime, metering to be pre-paid under govt’s 2019 ‘power for all’ plan
Indian Bank revises interest rates
Plywood margin can move to 11.5-12% going ahead: Greenply Industries
Wipro to expand operations in London, to set up 3rd office
L&T Hydrocarbon Engineering bags Rs 1,600 cr order from HPCL » Read more
Nifty future continue to remain under pressure after expiry of November month contracts as investors is waiting for some sight of relief from RBI monetary policy. We hardly saw any relevant buying interest in F&O segment. During this period, FIIs formed good amount of short positions in index and stock futures along with decent longs in index put options.
The first week of December has been one of the biggest weekly fall for our markets in the current calendar year. During the week, there were two occasions when US bourses clocked immense single day gains; but, quite surprisingly, our markets shrugged of these optimistic cues and remained under pressure on the following days. Eventually, the Nifty went on to close almost at the lowest point of the week. » Read more
Nifty ended 10044.10 DOWN 74.15 and Sensex 32597.18 DOWN 205.26 points.
Inflation worries weigh on RBI as a no-action policy looks to check rising prices.
India’s November gold imports nearly halve on higher prices: GFMS.
GAIL hires a drones to secure gas pipelines.
NMDC may ink MoU with Vietnam’s Masan for tungsten mine stake.
Suven gets product patents from Eurasia, Norway.
Reliance Infrastructure wins Rs 5,000-cr contracts for projects in Bangladesh. » Read more
Nifty ended at 10227.75 UP 5.95 and Sensex at 32869.72 UP 36.78 points.
AYUSH industry may create 26 mn jobs by 2020: Suresh Prabhu.
Urea imports down by 7.25% in April-October.
63 Moons locked in 5% lower circuit as Bombay HC upholds merger with NSEL.
Infosys rallies as Board appoints new CEO & MD Salil Parekh.
Tata Motors rallies 3% on strong commercial vehicle sales; Land Rover drives JLR sales.
Biocon surges 14% after US FDA gives approval to biosimilar version of Herceptin. » Read more