Pranam,
Public Issue by L&T Finance Limited NCDs Tranche I of base amount Rs.500 crs., with an option to retain oversubscription up to Rs.1,000 crs. aggregating up to Rs.1,500 crs. which is within the Shelf Limit of Rs.5,000 crs.
Issue opens:
Wednesday March 06th, 2019.
Issue closes:
Wednesday March 20th, 2019.
Allotment:
First Come First Serve Basis.
Face Value:
Rs. 1000 per NCD.
Issue Price:
Rs. 1000 per NCD.
Issuance & Trading mode of the instrument:
Demat only.
Nature of Instrument:
Secured, Redeemable, Non-Convertible Debentures.
Minimum Application:
Rs. 10,000 (10 NCDs) and in multiple of Rs. 1,000 (1 NCD) thereafter across all Series.
Payment Mechanism:
ASBA Mandatory.
Listing:
BSE & NSE.
Rating:
[ICRA] AAA (Stable) by ICRA Ltd., CARE AAA/Stable by CARE & IND AAA/Stable by India Ratings & Research Pvt. Ltd.
For Application Forms Contact : +919869958999
By: via @AlliesFin Serve T.ME/ALLiESFiN
Thursday 28 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
Heg Ltd. Buyback Update
Date of Opening of the Buy Back Offer Period : 8th March, 2019
Date of Closing of the Buy Back Offer Period : 22nd March, 2019
By: via @AlliesFin Serve T.ME/ALLiESFiN
Date of Opening of the Buy Back Offer Period : 8th March, 2019
Date of Closing of the Buy Back Offer Period : 22nd March, 2019
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Can every Indian become A Soldier @ALLIESFIN
Yes... Each and every Indian can and should become a soldier of this lovely country. Soldier doesn't mean a person fighting with external enemies on border...But there can be solders fighting with the internal enemies. Every resident who is directly or indirectly involved in anti-social and anti-national activitiy is enemy of the country...And every person fighting against such enemies is a soldier. Similarly, every resident who is not respecting the constitution and law of the country and spreads casteism is also enemy.
BE A SOLDIER INSIDE THE BORDER IF NOT ON THE BORDER... JAI HIND
By: via @AlliesFin Serve T.ME/ALLiESFiN
Yes... Each and every Indian can and should become a soldier of this lovely country. Soldier doesn't mean a person fighting with external enemies on border...But there can be solders fighting with the internal enemies. Every resident who is directly or indirectly involved in anti-social and anti-national activitiy is enemy of the country...And every person fighting against such enemies is a soldier. Similarly, every resident who is not respecting the constitution and law of the country and spreads casteism is also enemy.
BE A SOLDIER INSIDE THE BORDER IF NOT ON THE BORDER... JAI HIND
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
@AlliesFin
Finance people love to talk stupid, too. Here are some of my favorite finance phrases that don’t mean anything either:
“We’re cautiously optimistic”
This is an oxymoron and a total C-Y-A move.
“There’s a 40% chance it will happen”
So you won’t get blamed for being wrong, but want to grab all the credit if by chance it does occur.
“There are some jitters in the market”
Didn’t know the jitterbug was back in vogue, but if you meant stocks are going up and down. Yes, that tends to happen.
“It’s a stock picker’s market”
I’m still waiting for the results to prove this statement. So far, it’s been the opposite.
“I’m a long-term investor”
Just as long as the market is going up.
“There’s a lot of macro volatility right now”
Right now and forevermore, you mean?
“The market likes it”
You have no clue why stocks are going up.
“We try not to be emotional”
You’re human. You have emotions. So who or what program will keep you on track when, not if, you go crazy?
“Earnings missed estimates”
As Morgan Housel says, “No, estimates missed earnings! Finance is the only industry where people blame their poor forecasting skills on reality.”
“Stocks fall due to sellers outweighing buyers”
Literally every single trade has a seller and a buyer. Every. Single. One.
“Stocks suffer their biggest drop since December”
I’m still eating Christmas leftovers, so give me an update when some actual time has passed.
“We’re trying to maximize risk-adjusted returns”
Unlike everyone else, who is piling their money up in $5’s and $10’s in an open field and setting it all on fire.
“There’s a lot of uncertainty right now in the markets”
As if there was or ever will be certainty?
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Market Updates :*
Sgx Nifty + 38 pts
Dow -72.82 pts ,Nsdq +5.21 pts , S&P -1.52 pts , Bovespa -295 pts , Ftse -43 pts , Dax -53 pts , Cac -13 pts , Nikkei -84 pts now , Crude @ $57.00 brl (+0.06), Brent @ $66.23 brl (+1.02) , Gold @ 1322.30 (+1.10), Silver @ $15.785 (+0.01), Euro @ $1.1378, JPY @ $110.8700, INR @ 71.19
*US GOVT. 10-YEAR YIELD : 2.67%*
*Today's Corporate Action 28th Feb Ex Date :*
ONGC
Interim Dividend - Rs. - 5.2500
VISHALBL
Bonus issue 4:5
*Today's Board Meetings :*
Feb 28 Bharti Airtel Ltd, to consider raising of funds by issue of equity
shares.
Feb 28 National Steel & Agro Industries Ltd, earnings for quarter ended December.
*Today's Data Alert :*
Feb 28 : Core sector output for Jan, by commerce and industry ministry.
Feb 28 : CPI for Industrial Workers for Jan, by Labour Bureau.
Feb 28 : GDP for Oct-Dec and 2nd advance estimate for 2018-19, by CSO.
1730 IST.
Feb 28 : Water level in major reservoirs as on Feb 28, by CWC
Feb 28 : OMO PURCHASE: RBI to purchase up to 125 bln rupees worth of five bonds--6.84%, 2022 bond, the 7.59%, 2026 bond, the 8.60%, 2028 bond, the 7.88%, 2030 bond; and the 6.68%, 2031 bond--between 1030 IST and 1200 IST.
*Today's Global Data :*
Feb 28: UK Jan monthly automotive manufacturing figures; 0531 IST
Feb 28: UK consumer confidence survey; 0531 IST
Feb 28: UK Feb nationwide house price index; 1230 IST
Feb 28: EU Feb EuroCOIN indicator of economic activity; 1400 IST
Feb 28: UK Brexit Secretary Stephen Barclay takes Brexit questions from UK
lawmakers; 1500 IST
Feb 28: President of the US Federal Reserve Bank of Atlanta Raphael Bostic
to speak at the bank's event; 1815 IST
Feb 28: US unemployment insurance claims report for the week ended Feb 23;
1900 IST
Feb 28: US weekly export sales data; 1900 IST
Feb 28: US Oct-Dec initial GDP; 1900 IST
Feb 28: US Bloomberg consumer comfort index; 2015 IST
Feb 28: US Oct-Dec housing vacancies; 2030 IST
Feb 28: US Energy Information Administration natural gas storage report for
the week ended Feb 22; 2100 IST
Feb 28: US Federal Reserve Bank of Philadelphia President Patrick Harker
speaks at the Philadelphia inquirer influencers of finance awards
Feb 28: US foreign portfolio holdings of US securities
By: via @AlliesFin Serve T.ME/ALLiESFiN
Sgx Nifty + 38 pts
Dow -72.82 pts ,Nsdq +5.21 pts , S&P -1.52 pts , Bovespa -295 pts , Ftse -43 pts , Dax -53 pts , Cac -13 pts , Nikkei -84 pts now , Crude @ $57.00 brl (+0.06), Brent @ $66.23 brl (+1.02) , Gold @ 1322.30 (+1.10), Silver @ $15.785 (+0.01), Euro @ $1.1378, JPY @ $110.8700, INR @ 71.19
*US GOVT. 10-YEAR YIELD : 2.67%*
*Today's Corporate Action 28th Feb Ex Date :*
ONGC
Interim Dividend - Rs. - 5.2500
VISHALBL
Bonus issue 4:5
*Today's Board Meetings :*
Feb 28 Bharti Airtel Ltd, to consider raising of funds by issue of equity
shares.
Feb 28 National Steel & Agro Industries Ltd, earnings for quarter ended December.
*Today's Data Alert :*
Feb 28 : Core sector output for Jan, by commerce and industry ministry.
Feb 28 : CPI for Industrial Workers for Jan, by Labour Bureau.
Feb 28 : GDP for Oct-Dec and 2nd advance estimate for 2018-19, by CSO.
1730 IST.
Feb 28 : Water level in major reservoirs as on Feb 28, by CWC
Feb 28 : OMO PURCHASE: RBI to purchase up to 125 bln rupees worth of five bonds--6.84%, 2022 bond, the 7.59%, 2026 bond, the 8.60%, 2028 bond, the 7.88%, 2030 bond; and the 6.68%, 2031 bond--between 1030 IST and 1200 IST.
*Today's Global Data :*
Feb 28: UK Jan monthly automotive manufacturing figures; 0531 IST
Feb 28: UK consumer confidence survey; 0531 IST
Feb 28: UK Feb nationwide house price index; 1230 IST
Feb 28: EU Feb EuroCOIN indicator of economic activity; 1400 IST
Feb 28: UK Brexit Secretary Stephen Barclay takes Brexit questions from UK
lawmakers; 1500 IST
Feb 28: President of the US Federal Reserve Bank of Atlanta Raphael Bostic
to speak at the bank's event; 1815 IST
Feb 28: US unemployment insurance claims report for the week ended Feb 23;
1900 IST
Feb 28: US weekly export sales data; 1900 IST
Feb 28: US Oct-Dec initial GDP; 1900 IST
Feb 28: US Bloomberg consumer comfort index; 2015 IST
Feb 28: US Oct-Dec housing vacancies; 2030 IST
Feb 28: US Energy Information Administration natural gas storage report for
the week ended Feb 22; 2100 IST
Feb 28: US Federal Reserve Bank of Philadelphia President Patrick Harker
speaks at the Philadelphia inquirer influencers of finance awards
Feb 28: US foreign portfolio holdings of US securities
By: via @AlliesFin Serve T.ME/ALLiESFiN
Wednesday 27 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
Watching Crude and Gold moves. If Both moves positive then equity may take some rest.
By: via @AlliesFin Serve T.ME/ALLiESFiN
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
27/2/2019
BSE:-68(35905)
NSE:-28(10806)
MID:+57(14249)
SML:+23(13573)
Fll|FPI:+423Cr
DlI:+66Cr
B.Crude$:66
Gold$:1327=INR:33569
Silver:40185
Rs/$: 71.22
New 7.17 2028 G-Sec: 7.67
NSE PE: 26.36
By: via @AlliesFin Serve T.ME/ALLiESFiN
BSE:-68(35905)
NSE:-28(10806)
MID:+57(14249)
SML:+23(13573)
Fll|FPI:+423Cr
DlI:+66Cr
B.Crude$:66
Gold$:1327=INR:33569
Silver:40185
Rs/$: 71.22
New 7.17 2028 G-Sec: 7.67
NSE PE: 26.36
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
AFTER HIGH ALERT IN HINDUSTAN, DNT KEEP MCH POSITIONS OPEN. BOOK PROFITS FULLY OR HEDGE.
NF 200 OFF FROM TOP & AGAIN RECOVERING.
VOLATILITY COULD BE HIGH.
By: via @AlliesFin Serve T.ME/ALLiESFiN
NF 200 OFF FROM TOP & AGAIN RECOVERING.
VOLATILITY COULD BE HIGH.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Economic Times
Business Standard
Ø April-Jan fiscal deficit at 121.5% of full-year target
Ø SBI calls lenders' meeting with Naresh Goyal, Etihad
Ø India delays levying retaliatory tariff on U.S. goods
Ø Trai to decide rules for internet calling firms soon
Ø JM files insolvency case against Hotel Leelaventure
Ø True North buys 51% stake in Max Bupa from Max India
Ø After tough times, future is bright for telcos: Mittal
Ø RBI removes Allahabad Bank, Corp Bank, Dhanlaxmi from PCA framework
Ø ED attaches Nirav Modi's properties worth Rs 147 crore in PNB fraud case
Ø Adani Group emerges highest bidder for Guwahati airport: AAI official
Ø NBFC crisis: $22 billion already gone, but more dark days likely ahead
Ø IOC, HPCL win maximum areas under tenth round of city gas bidding
Business Line
Mint
Ø ArcelorMittal sees major capex risk in Essar Steel acquisition
Ø India’s growth momentum slowed down in late 2018 : Poll
Ø Global, national AAA ratings are not comparable: Crisil
Ø Govt eases import norms for prototype devices
Ø Mustard crop seen up 19% on higher yield
Ø BHEL’s claims: NCLAT dismisses Monnet Power’s petition
Ø E-wallet companies welcome extension in KYC deadline
Ø Future Group's too many diversification was a mistake: Kishore Biyani
Ø Airtel won’t buy 5G spectrum at current prices, says Sunil Mittal
Ø Copper slips from 8-month high, dwindling stockpiles limit losses
Ø Vedanta sells down Sterlite copper concentrate stockpiles: Report
Financial Express
Deccan Chronicle
Ø Rating action: DHFL’s debt downgraded by Icra
Ø Finance ministry asks PSBs to submit asset sale details to ARCs
Ø Northeast gas grid project likely to get Rs 5k crore from Centre
Ø Jaypee Infra creditors vote against another forensic audit demand
Ø Prabhu for extending interest subsidy to more products from chemical sector
Ø India, Italy discuss ways to promote trade, investments
Ø Kotak Mahindra Bank raises foreign investment limit
Ø Sensex ends 240 points lower on rising India-Pak tension
Ø Iran buys Indian raw sugar for the first time in five-years: sources
By: via @AlliesFin Serve T.ME/ALLiESFiN
Business Standard
Ø April-Jan fiscal deficit at 121.5% of full-year target
Ø SBI calls lenders' meeting with Naresh Goyal, Etihad
Ø India delays levying retaliatory tariff on U.S. goods
Ø Trai to decide rules for internet calling firms soon
Ø JM files insolvency case against Hotel Leelaventure
Ø True North buys 51% stake in Max Bupa from Max India
Ø After tough times, future is bright for telcos: Mittal
Ø RBI removes Allahabad Bank, Corp Bank, Dhanlaxmi from PCA framework
Ø ED attaches Nirav Modi's properties worth Rs 147 crore in PNB fraud case
Ø Adani Group emerges highest bidder for Guwahati airport: AAI official
Ø NBFC crisis: $22 billion already gone, but more dark days likely ahead
Ø IOC, HPCL win maximum areas under tenth round of city gas bidding
Business Line
Mint
Ø ArcelorMittal sees major capex risk in Essar Steel acquisition
Ø India’s growth momentum slowed down in late 2018 : Poll
Ø Global, national AAA ratings are not comparable: Crisil
Ø Govt eases import norms for prototype devices
Ø Mustard crop seen up 19% on higher yield
Ø BHEL’s claims: NCLAT dismisses Monnet Power’s petition
Ø E-wallet companies welcome extension in KYC deadline
Ø Future Group's too many diversification was a mistake: Kishore Biyani
Ø Airtel won’t buy 5G spectrum at current prices, says Sunil Mittal
Ø Copper slips from 8-month high, dwindling stockpiles limit losses
Ø Vedanta sells down Sterlite copper concentrate stockpiles: Report
Financial Express
Deccan Chronicle
Ø Rating action: DHFL’s debt downgraded by Icra
Ø Finance ministry asks PSBs to submit asset sale details to ARCs
Ø Northeast gas grid project likely to get Rs 5k crore from Centre
Ø Jaypee Infra creditors vote against another forensic audit demand
Ø Prabhu for extending interest subsidy to more products from chemical sector
Ø India, Italy discuss ways to promote trade, investments
Ø Kotak Mahindra Bank raises foreign investment limit
Ø Sensex ends 240 points lower on rising India-Pak tension
Ø Iran buys Indian raw sugar for the first time in five-years: sources
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*SGX Nifty +42 pts (10865) from last trade 10823 ,*
Nikkei +93 pts ,
Hangseng +61 pts ,
Now @6.52am .
Dow -33.97 pts ,Nsdq -5.16 pts , S&P -2.21 pts , Bovespa +362 pts , Ftse -32 pts , Dax +35 pts , Cac +6 pts , Crude @ $56.01 brl (+0.51), Brent @ $65.21 brl (+0.00) , Gold @ 1331.20 (+2.70), Silver @ $15.88 (+0.04), Euro @ $1.1392, JPY @ $110.5500, INR @ 71.005
Today's Corporate Action
27th Feb Ex Date
AMBUJACEM
Final Dividend - Rs. - 1.5000-
Today's Board Meetings
Feb 27 KSB Ltd, earnings for quarter ended December and dividend.
Feb 27 Merck Ltd, earnings for quarter ended December and dividend.
Feb 27 Metalyst Forgings Ltd, earnings for quarter ended December.
Feb 27 Nitin Fire Protection Industries Ltd, earnings for quarter ended
December.
Feb 27 Rain Industries Ltd, earnings for quarter ended December.
Feb 27 Vesuvius India Ltd, earnings for quarter ended December and dividend.
Today's Data Alert
Feb 27 : Money supply as on Feb 15, by RBI.
Feb 27 : Rainfall for week to Feb 27, by IMD.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Nikkei +93 pts ,
Hangseng +61 pts ,
Now @6.52am .
Dow -33.97 pts ,Nsdq -5.16 pts , S&P -2.21 pts , Bovespa +362 pts , Ftse -32 pts , Dax +35 pts , Cac +6 pts , Crude @ $56.01 brl (+0.51), Brent @ $65.21 brl (+0.00) , Gold @ 1331.20 (+2.70), Silver @ $15.88 (+0.04), Euro @ $1.1392, JPY @ $110.5500, INR @ 71.005
Today's Corporate Action
27th Feb Ex Date
AMBUJACEM
Final Dividend - Rs. - 1.5000-
Today's Board Meetings
Feb 27 KSB Ltd, earnings for quarter ended December and dividend.
Feb 27 Merck Ltd, earnings for quarter ended December and dividend.
Feb 27 Metalyst Forgings Ltd, earnings for quarter ended December.
Feb 27 Nitin Fire Protection Industries Ltd, earnings for quarter ended
December.
Feb 27 Rain Industries Ltd, earnings for quarter ended December.
Feb 27 Vesuvius India Ltd, earnings for quarter ended December and dividend.
Today's Data Alert
Feb 27 : Money supply as on Feb 15, by RBI.
Feb 27 : Rainfall for week to Feb 27, by IMD.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Tuesday 26 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
26/2/2019
BSE:-239(35973)
NSE:-44(10835)
MID:-37(14192)
SML:-67(13550)
Fll|FPI:+1674Cr
DlI:-720Cr
B.Crude$:64
Gold$:1327=INR:33399
Silver:40087
Rs/$: 71.06
New 7.17 2028 G-Sec: 7.58
NSE PE: 26.43
By: via @AlliesFin Serve T.ME/ALLiESFiN
BSE:-239(35973)
NSE:-44(10835)
MID:-37(14192)
SML:-67(13550)
Fll|FPI:+1674Cr
DlI:-720Cr
B.Crude$:64
Gold$:1327=INR:33399
Silver:40087
Rs/$: 71.06
New 7.17 2028 G-Sec: 7.58
NSE PE: 26.43
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
VOLATILe DAy ENDs In REd....!!!
Indian equity benchmarks recovered from day’s low points, but failed to erase all losses and ended in red terrain, tracking weakness in Asian peers. It was a negative start to the markets, as traders remained pessimistic about a report that the flow of foreign direct investment (FDI) into India is dropping and may suffer its first full-year decline since PM Narendra Modi came to power in 2014.
BSE Sector: Gainers: Auto, Oil & Gas, Utilities, Metal, Teck, Power.
Loser : Realty, Finance, Bankex, Capital Goods, FMCG, Energy, Consumer Durables, Telecom, IT, Healthcare, Industrials, Basic Materials, CDGS...
By: via @AlliesFin Serve T.ME/ALLiESFiN
Indian equity benchmarks recovered from day’s low points, but failed to erase all losses and ended in red terrain, tracking weakness in Asian peers. It was a negative start to the markets, as traders remained pessimistic about a report that the flow of foreign direct investment (FDI) into India is dropping and may suffer its first full-year decline since PM Narendra Modi came to power in 2014.
BSE Sector: Gainers: Auto, Oil & Gas, Utilities, Metal, Teck, Power.
Loser : Realty, Finance, Bankex, Capital Goods, FMCG, Energy, Consumer Durables, Telecom, IT, Healthcare, Industrials, Basic Materials, CDGS...
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
When we got hit, the market remained stable,
Today we retaliated and the market crashes?
By: via @AlliesFin Serve T.ME/ALLiESFiN
Today we retaliated and the market crashes?
By: via @AlliesFin Serve T.ME/ALLiESFiN
Monday 25 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
#STOCKLENDING @ALLIESFIN
TODAYS OFFERS FOR APRIL 19 SERIES
ALBANK RS 3 PER SHARE
JET AIRWAYS RS 12 PER SHARE
JUSTDIAL RS 10 PER SHARE
MANY MORE OFFERS
By: via @AlliesFin Serve T.ME/ALLiESFiN
TODAYS OFFERS FOR APRIL 19 SERIES
ALBANK RS 3 PER SHARE
JET AIRWAYS RS 12 PER SHARE
JUSTDIAL RS 10 PER SHARE
MANY MORE OFFERS
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Business Standard
Ø Saudi Arabia to make India regional hub for oil supply
Ø Assured return scheme for NPS subscribers proposed
Ø REC needs nod from at least 50% lenders for PFC deal
Ø India to be 2nd-largest 5G market in 10 yrs : Huawei
Ø 3-4 more banks to come out of RBI's PCA framework
Ø Warren Buffett's firm reports $25 bn Q4 loss
Ø May postpones vote on Brexit deal until March 12
Ø GST Council cuts tax on under construction residential houses to 5%
Ø SBI considers moving NCLT for insolvency proceedings against Jet Airways
Ø Blackstone, Embassy to launch India's first real estate investment trust
Ø Tata Steel, JSW Steel are key beneficiaries of the rise in steel demand
Ø Raymond revamps supply chain, weighs on digital tools for more efficiency
Ø Bharti Airtel set to conduct trial of Nokia's 5G-ready telecom gear
Business Line
Mint
Ø JNPT SEZ to bid out 300 acres to manufacturing companies
Ø India’s financial condition looking up, says CII-IBA
Ø Boards of companies should assert ethical conduct: CII
Ø 347 infra projects show cost overruns worth over Rs 3.2 lakh cr
Ø Hindusthan National Glass to raise ₹1,800 crore to pare debt
Ø Uber in talks to sell India food delivery business
Ø KKR, BlackRock set to invest in Adnoc pipeline unit
Ø Afghanistan launches new export route to India through Iran
Ø Wipro shareholders approve bonus issue, increase in authorised share capital
Ø Seven of top 10 Indian companies lose₹67,980 crore in m-cap, TCS worst hit
Ø RIL preparing to list Reliance Retail soon
Financial Express
Deccan Chronicle
Ø US-China talks: Superpowers haggling over currency pact
Ø Lack of big-ticket deals drive down PE/VC investments in January 2019
Ø Swiggy in talks to buy Uber Eats India, deal expected to be sealed soon
Ø Singapore largest FDI source, leaves Mauritius far behind
Ø PNGRB rejects HPCL review petition on ATF pipeline
Ø FPIs sell blue-chips, take away Rs 30K crore
Ø Foreign portfolio investors pull out over Rs 1,900 cr from debt market in Feb
Ø Unregulated Deposit Ordinance bans only ponzi schemes not regulated deposits
By: via @AlliesFin Serve T.ME/ALLiESFiN
Ø Saudi Arabia to make India regional hub for oil supply
Ø Assured return scheme for NPS subscribers proposed
Ø REC needs nod from at least 50% lenders for PFC deal
Ø India to be 2nd-largest 5G market in 10 yrs : Huawei
Ø 3-4 more banks to come out of RBI's PCA framework
Ø Warren Buffett's firm reports $25 bn Q4 loss
Ø May postpones vote on Brexit deal until March 12
Ø GST Council cuts tax on under construction residential houses to 5%
Ø SBI considers moving NCLT for insolvency proceedings against Jet Airways
Ø Blackstone, Embassy to launch India's first real estate investment trust
Ø Tata Steel, JSW Steel are key beneficiaries of the rise in steel demand
Ø Raymond revamps supply chain, weighs on digital tools for more efficiency
Ø Bharti Airtel set to conduct trial of Nokia's 5G-ready telecom gear
Business Line
Mint
Ø JNPT SEZ to bid out 300 acres to manufacturing companies
Ø India’s financial condition looking up, says CII-IBA
Ø Boards of companies should assert ethical conduct: CII
Ø 347 infra projects show cost overruns worth over Rs 3.2 lakh cr
Ø Hindusthan National Glass to raise ₹1,800 crore to pare debt
Ø Uber in talks to sell India food delivery business
Ø KKR, BlackRock set to invest in Adnoc pipeline unit
Ø Afghanistan launches new export route to India through Iran
Ø Wipro shareholders approve bonus issue, increase in authorised share capital
Ø Seven of top 10 Indian companies lose₹67,980 crore in m-cap, TCS worst hit
Ø RIL preparing to list Reliance Retail soon
Financial Express
Deccan Chronicle
Ø US-China talks: Superpowers haggling over currency pact
Ø Lack of big-ticket deals drive down PE/VC investments in January 2019
Ø Swiggy in talks to buy Uber Eats India, deal expected to be sealed soon
Ø Singapore largest FDI source, leaves Mauritius far behind
Ø PNGRB rejects HPCL review petition on ATF pipeline
Ø FPIs sell blue-chips, take away Rs 30K crore
Ø Foreign portfolio investors pull out over Rs 1,900 cr from debt market in Feb
Ø Unregulated Deposit Ordinance bans only ponzi schemes not regulated deposits
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
MSCI EM Asia index may have started its bull market. China up close to 5% today. China volumes highest since 2015, index up 21% from December lows.
By: via @AlliesFin Serve T.ME/ALLiESFiN
By: via @AlliesFin Serve T.ME/ALLiESFiN
Friday 22 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
Nifty has closed at 10,789.85
@ALLIESFIN
That means, Nifty is where it was
a WEEK ago - 13/02/2019 - 10,793
a MONTH ago 25/01/2019 - 10,780
40 days ago 11/01/2019 - 10,795
2 MONTHS ago 21/12/2018 - 10,755
70 days ago 11/12/2018 - 10,791
3 MONTHS ago 19/11/2018 - 10,763
7.5 Months ago 06/07/2019 - 10,772
8 Months ago 20/06/2019 - 10,772
8.5 Months ago 07/06/2018 - 10,768
9 Months ago 15/05/2018 - 10,801
12.5 Months ago 02/02/2019 - 10,760
13 months ago 17/01/2018 - 10,788
Its the Reality of 1 Year, Where Investors has Lost heavily in their Portfolio Only few Nifty Stocks are Up, Rest is Down than 13 Months ago Levels.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@ALLIESFIN
That means, Nifty is where it was
a WEEK ago - 13/02/2019 - 10,793
a MONTH ago 25/01/2019 - 10,780
40 days ago 11/01/2019 - 10,795
2 MONTHS ago 21/12/2018 - 10,755
70 days ago 11/12/2018 - 10,791
3 MONTHS ago 19/11/2018 - 10,763
7.5 Months ago 06/07/2019 - 10,772
8 Months ago 20/06/2019 - 10,772
8.5 Months ago 07/06/2018 - 10,768
9 Months ago 15/05/2018 - 10,801
12.5 Months ago 02/02/2019 - 10,760
13 months ago 17/01/2018 - 10,788
Its the Reality of 1 Year, Where Investors has Lost heavily in their Portfolio Only few Nifty Stocks are Up, Rest is Down than 13 Months ago Levels.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Securities in Ban For Trade Date 22-Feb-2019 1) ADANIENT, 2) ADANIPOWER, 3) ALBK, 4) IDBI, 5) JETAIRWAYS, 6) KSCL, 7) PCJEWELLER, 8) RELCAPITAL,9) RELINFRA,10) RPOWER
By: via @AlliesFin Serve T.ME/ALLiESFiN
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Economic Times
Business Standard
Ø RBI worried over growth slowdown - MPC minutes
Ø Auto sales to pick up in 2nd half of next fiscal: Ind-Ra
Ø EPFO recommends hiking interest rate to 8.65%
Ø India aims to be among world's top 3 economies: Modi
Ø Govt asks ONGC, OIL to sell out 66 fields to pvt firms
Ø Sebi revises minimum haircut for government securities used as collateral
Ø Telecom panel decision on Bharti Airtel, Vodafone, Idea penalty deferred
Ø Tech Mahindra to buyback Rs 1,956 crore worth shares at Rs 950 apiece
Ø Ashoka Buildcon wins Rs 1,382-crore contract from NHAI in Karnataka
Ø Reliance Capital invites Nippon Life to buy its entire 42.88% stake in JV
Ø Government stops classifying steel manufacturers on capacity basis
Business Line
Mint
Ø Govt targets $50-b trade with Russia
Ø India’s coal power plants ‘unhealthiest’ in world
Ø FSSAI, Ayush Ministry discussing regulations for Ayurvedic foods
Ø NHPC, NLC forge power trading agreement
Ø Dr Reddy’s re-launches generic version of Suboxone in US
Ø Kesoram Industries’ tyre business to be demerged by July
Ø Telecom dept to sell fibre assets built for BharatNet
Ø Gross loans of microfinance industry grow 6% to ₹65,090 crore in Q3
Ø President approves changes in Stamp Act, to help curb tax evasion
Ø China offers to buy $30 billion more US agricultural imports a year
Ø Govt's reform initiatives transformed India into fastest-growing major economy
Financial Express
Deccan Chronicle
Ø Angel tax relief: Start-ups rush to register with DPIIT
Ø Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates
Ø Tata Turkish firm JV bags Rs 2,283-crore tunelling projects of Pune Metro
Ø Bharat Forge looks to build quadcopter, to help Army carry on mountainous terrain
Ø Edelweiss, Kotak, JM Financials named in NSEL case
Ø RCom wants lenders to release Rs 260 crore
Ø Rupee drops 13 paise to 71.24 against dollar as crude rises
Ø Despite massive capital infusion, full turnaround is still away for PSBs: Moody's
By: via @AlliesFin Serve T.ME/ALLiESFiN
Business Standard
Ø RBI worried over growth slowdown - MPC minutes
Ø Auto sales to pick up in 2nd half of next fiscal: Ind-Ra
Ø EPFO recommends hiking interest rate to 8.65%
Ø India aims to be among world's top 3 economies: Modi
Ø Govt asks ONGC, OIL to sell out 66 fields to pvt firms
Ø Sebi revises minimum haircut for government securities used as collateral
Ø Telecom panel decision on Bharti Airtel, Vodafone, Idea penalty deferred
Ø Tech Mahindra to buyback Rs 1,956 crore worth shares at Rs 950 apiece
Ø Ashoka Buildcon wins Rs 1,382-crore contract from NHAI in Karnataka
Ø Reliance Capital invites Nippon Life to buy its entire 42.88% stake in JV
Ø Government stops classifying steel manufacturers on capacity basis
Business Line
Mint
Ø Govt targets $50-b trade with Russia
Ø India’s coal power plants ‘unhealthiest’ in world
Ø FSSAI, Ayush Ministry discussing regulations for Ayurvedic foods
Ø NHPC, NLC forge power trading agreement
Ø Dr Reddy’s re-launches generic version of Suboxone in US
Ø Kesoram Industries’ tyre business to be demerged by July
Ø Telecom dept to sell fibre assets built for BharatNet
Ø Gross loans of microfinance industry grow 6% to ₹65,090 crore in Q3
Ø President approves changes in Stamp Act, to help curb tax evasion
Ø China offers to buy $30 billion more US agricultural imports a year
Ø Govt's reform initiatives transformed India into fastest-growing major economy
Financial Express
Deccan Chronicle
Ø Angel tax relief: Start-ups rush to register with DPIIT
Ø Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates
Ø Tata Turkish firm JV bags Rs 2,283-crore tunelling projects of Pune Metro
Ø Bharat Forge looks to build quadcopter, to help Army carry on mountainous terrain
Ø Edelweiss, Kotak, JM Financials named in NSEL case
Ø RCom wants lenders to release Rs 260 crore
Ø Rupee drops 13 paise to 71.24 against dollar as crude rises
Ø Despite massive capital infusion, full turnaround is still away for PSBs: Moody's
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*SGX Nifty -9 pts (10798) from last trade 10807 ,*
Nikkei -84 pts ,
Hangseng -93 pts ,
Now @7.02am .
Dow -103.81 pts ,Nsdq -29.36 pts , S&P -9.82 pts , Bovespa +387 pts , Ftse -61 pts , Dax +21 pts , Cac +0.16 pts , Crude @ $56.83 brl (-0.13), Brent @ $67.07 brl (+0.00) , Gold @ 1327.90 (+0.10), Silver @ $15.80 (-0.00), Euro @ $1.134, JPY @ $110.6800, INR @ 71.195
*Today's Corporate Action*
22nd Feb Ex Date
GULFOILLUB
Interim Dividend - Rs. - 4.5000
MMFL
Interim Dividend - Rs. - 2.5000
TAKE
Interim Dividend - Rs. - 0.3000
*Today's Board Meetings*
Feb 22 CHPL Industries Ltd, earnings for quarter ended December.
Feb 22 Tilaknagar Industries Ltd, earnings for quarter ended December.
*Today's Data Alert*
Feb 22 : 14-day variable rate term repo for 240 bln rupees. Bids to be submitted between 1100 and 1130 IST.
Feb 22 : BOND AUCTION: RBI to auction 30 bln rupees worth of 7.32%, 2024, bond, 40 bln rupees worth of 7.26%, 2029, bond, 20 bln rupees worth of 8.24%, 2033, bond and 30 bln rupees worth of 8.17%, 2044, bond.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Nikkei -84 pts ,
Hangseng -93 pts ,
Now @7.02am .
Dow -103.81 pts ,Nsdq -29.36 pts , S&P -9.82 pts , Bovespa +387 pts , Ftse -61 pts , Dax +21 pts , Cac +0.16 pts , Crude @ $56.83 brl (-0.13), Brent @ $67.07 brl (+0.00) , Gold @ 1327.90 (+0.10), Silver @ $15.80 (-0.00), Euro @ $1.134, JPY @ $110.6800, INR @ 71.195
*Today's Corporate Action*
22nd Feb Ex Date
GULFOILLUB
Interim Dividend - Rs. - 4.5000
MMFL
Interim Dividend - Rs. - 2.5000
TAKE
Interim Dividend - Rs. - 0.3000
*Today's Board Meetings*
Feb 22 CHPL Industries Ltd, earnings for quarter ended December.
Feb 22 Tilaknagar Industries Ltd, earnings for quarter ended December.
*Today's Data Alert*
Feb 22 : 14-day variable rate term repo for 240 bln rupees. Bids to be submitted between 1100 and 1130 IST.
Feb 22 : BOND AUCTION: RBI to auction 30 bln rupees worth of 7.32%, 2024, bond, 40 bln rupees worth of 7.26%, 2029, bond, 20 bln rupees worth of 8.24%, 2033, bond and 30 bln rupees worth of 8.17%, 2044, bond.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
U.S. Stocks Decline; Bonds Fall, Dollar Rises: Markets Wrap
U.S. stocks fell in thin trading, while Treasuries also declined as investors grappled with concerns about economic growth and the latest twists in global trade.
The S&P 500 dropped for the first time in four sessions after economic data in both Europe and U.S. came in below expectations, reigniting worries about the world economy. Alphabet slid amid questions about the company’s YouTube platform. Health-care stocks were pulled down as Johnson & Johnson dropped after the company said it received subpoenas from federal prosecutors tied to its talc baby-powder products.
The 10-year Treasury yield rose above 2.68 percent, and the dollar gained against major currencies amid reports signaling uneven progress in trade talks between the U.S. and China as a March 1 deadline for more tariffs approaches. The Aussie dollar dropped on reports China’s Dalian port banned coal imports from Australia. West Texas oil fell below $57 a barrel after an industry report showed American crude stockpiles continue to swell.
“Clearly there’s been a lot weaker data than I think anybody was expecting, including the spate of data that was released today,” said Matt Forester, chief investment officer at BNY Mellon’s Lockwood Advisors. “Strategists are waiting to see if this is just a temporary slowdown in global data. We’ll have to see if this has legs.”
Investors are also closely watching incoming economic numbers to see how they may nudge central bankers that are in a wait-and-see stance. At the same time, the slow but apparently steady progress in trade negotiations between the world’s biggest economies could set up risk assets for disappointment as some analysts see a truce priced into markets, with the MSCI’s global gauge of stocks up about 15 percent since Christmas Day.
In Europe, lenders led shares lower as minutes of the latest ECB meeting showed policy makers setting up their March gathering as a key session to render their verdict on a regional slowdown and whether new long-term bank funding is required.
Stocks
The S&P 500 Index fell 0.4 percent as of 4 p.m. New York time.
The Stoxx Europe 600 Index dipped 0.3 percent.
The MSCI Asia Pacific Index increased 0.2 percent for a fourth gain in a row.
The MSCI Emerging Market Index advanced 0.1 percent.
Currencies
The Bloomberg Dollar Spot Index rose 0.2 percent.
The euro was steady at $1.1337.
The British pound fell 0.1 percent at $1.3036.
The Japanese yen climbed 0.1 percent to 110.70 per dollar.
Bonds
The yield on 10-year Treasuries advanced four basis points to 2.68 percent, the highest in a week.
Britain’s 10-year yield jumped two basis points to 1.202 percent.
Germany’s 10-year yield climbed three basis points to 0.127 percent.
Commodities
Gold declined 1.5 percent to $1,326.70 an ounce.
West Texas Intermediate crude fell 0.5 percent to $56.89 a barrel.
By: via @AlliesFin Serve T.ME/ALLiESFiN
U.S. stocks fell in thin trading, while Treasuries also declined as investors grappled with concerns about economic growth and the latest twists in global trade.
The S&P 500 dropped for the first time in four sessions after economic data in both Europe and U.S. came in below expectations, reigniting worries about the world economy. Alphabet slid amid questions about the company’s YouTube platform. Health-care stocks were pulled down as Johnson & Johnson dropped after the company said it received subpoenas from federal prosecutors tied to its talc baby-powder products.
The 10-year Treasury yield rose above 2.68 percent, and the dollar gained against major currencies amid reports signaling uneven progress in trade talks between the U.S. and China as a March 1 deadline for more tariffs approaches. The Aussie dollar dropped on reports China’s Dalian port banned coal imports from Australia. West Texas oil fell below $57 a barrel after an industry report showed American crude stockpiles continue to swell.
“Clearly there’s been a lot weaker data than I think anybody was expecting, including the spate of data that was released today,” said Matt Forester, chief investment officer at BNY Mellon’s Lockwood Advisors. “Strategists are waiting to see if this is just a temporary slowdown in global data. We’ll have to see if this has legs.”
Investors are also closely watching incoming economic numbers to see how they may nudge central bankers that are in a wait-and-see stance. At the same time, the slow but apparently steady progress in trade negotiations between the world’s biggest economies could set up risk assets for disappointment as some analysts see a truce priced into markets, with the MSCI’s global gauge of stocks up about 15 percent since Christmas Day.
In Europe, lenders led shares lower as minutes of the latest ECB meeting showed policy makers setting up their March gathering as a key session to render their verdict on a regional slowdown and whether new long-term bank funding is required.
Stocks
The S&P 500 Index fell 0.4 percent as of 4 p.m. New York time.
The Stoxx Europe 600 Index dipped 0.3 percent.
The MSCI Asia Pacific Index increased 0.2 percent for a fourth gain in a row.
The MSCI Emerging Market Index advanced 0.1 percent.
Currencies
The Bloomberg Dollar Spot Index rose 0.2 percent.
The euro was steady at $1.1337.
The British pound fell 0.1 percent at $1.3036.
The Japanese yen climbed 0.1 percent to 110.70 per dollar.
Bonds
The yield on 10-year Treasuries advanced four basis points to 2.68 percent, the highest in a week.
Britain’s 10-year yield jumped two basis points to 1.202 percent.
Germany’s 10-year yield climbed three basis points to 0.127 percent.
Commodities
Gold declined 1.5 percent to $1,326.70 an ounce.
West Texas Intermediate crude fell 0.5 percent to $56.89 a barrel.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Thursday 21 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
21/2/2019
BSE:+142(35898)
NSE:+54(10789)
MID:+123(14115)
SML:+141(13414)
Fll|FPI:+55Cr
DlI:+202Cr
B.Crude$:67
Gold$:1343=INR:33640
Silver:40289
Rs/$: 71.25
New 7.17 2028 G-Sec: 7.54
NSE PE: 26.31
By: via @AlliesFin Serve T.ME/ALLiESFiN
BSE:+142(35898)
NSE:+54(10789)
MID:+123(14115)
SML:+141(13414)
Fll|FPI:+55Cr
DlI:+202Cr
B.Crude$:67
Gold$:1343=INR:33640
Silver:40289
Rs/$: 71.25
New 7.17 2028 G-Sec: 7.54
NSE PE: 26.31
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
L&T asks sebi to reconsider its Rs 9,000-crore share buyback plan https://economictimes.indiatimes.com/markets/stocks/news/lt-asks-sebi-to-reconsider-its-rs-9000-crore-share-buyback-plan/articleshow/68089320.cms
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@AlliesFin Serve T.ME/ALLiESFiN's Post
HOUSING FINANCE COS IN ACTION AS GST MEET FOR REAL EST SECTOR RELIEF IS PLANNED ON 24 FEB 19.
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@AlliesFin Serve T.ME/ALLiESFiN's Post
Stocks Edge Higher After Fed Minutes; Bonds Fall: Markets Wrap
U.S. stocks edged higher, while Treasuries fell after Federal Reserve meeting minutes did little to alter views on the central bank’s policy path.
The S&P 500 eked out its seventh gain in eight sessions as the record of the gathering reinforced the Fed remains committed to its patient approach to further hikes without ruling them out if economic growth picks up. Caterpillar rallied after giving a bullish forecast for demand in China, lifting shares in materials producers. The 10-year Treasury yield climbed to 2.64 percent, while the dollar erased losses.
Taken together, minutes of the Fed meeting broke decidedly dovish, with a discussion of ending the balance sheet runoff and uncertainty about more rate hikes. That they didn’t do more to move prices reflects the big swings that have ruled equity and bond markets for the last three months. Much of the sentiment reflected in today’s statement was priced in by the S&P 500’s nearly 20 percent jump since Christmas.
“The Powell Pivot actually started on January 4th when Chair Powell spoke at the AEA,” said Michael O’Rourke, JonesTrading’s chief market strategist. “It is fair to say the dovish stance has been priced in.”
The post-Christmas rally that’s added 18 percent to U.S. stocks appears to have run out of catalysts to propel it higher. Technical indicators, from closely watched moving averages to the relative-strength index, signal that gains from here may be difficult to come by. Investor focus will be trained on headlines out of this week’s negotiations in Washington and on any information coming out of the Fed that could shed more light on future monetary policy.
Elsewhere, the pound was little changed as Prime Minister Theresa May headed back to Brussels in a last-ditch attempt to save her Brexit deal. Gold traded near the highest since May and palladium soared to a record as a shortage started to bite. Emerging-market shares rallied and their currencies advanced. South Africa’s rand fell as the government unveiled a bailout package for utility Eskom.
Stocks
The S&P 500 Index rose 0.2 percent at 4 p.m. New York time.
The Stoxx Europe 600 Index gained 0.7 percent to the highest in 19 weeks.
The MSCI All-Country World Index increased 0.5 percent to the highest in 19 weeks.
The MSCI Emerging Market Index surged 1.2 percent, the most since January.
Currencies
The Bloomberg Dollar Spot Index was little changed.
The euro was rose less than 0.1 percent $1.1343.
The Japanese yen fell 0.2 percent to 110.81 per dollar, the weakest in a week.
The MSCI Emerging Markets Currency Index gained 0.4 percent to the highest in two weeks.
Bonds
The yield on 10-year Treasuries climbed one basis point to 2.65 percent.
Germany’s 10-year yield declined one basis point to 0.100 percent.
Britain’s 10-year yield rose one basis point at 1.181 percent.
Commodities
The Bloomberg Commodity Index rose 0.5 percent.
West Texas Intermediate crude gained 1.5 percent to $56.92 a barrel.
Gold fell 0.1 percent to $1,344.00 an ounce.
By: via @AlliesFin Serve T.ME/ALLiESFiN
U.S. stocks edged higher, while Treasuries fell after Federal Reserve meeting minutes did little to alter views on the central bank’s policy path.
The S&P 500 eked out its seventh gain in eight sessions as the record of the gathering reinforced the Fed remains committed to its patient approach to further hikes without ruling them out if economic growth picks up. Caterpillar rallied after giving a bullish forecast for demand in China, lifting shares in materials producers. The 10-year Treasury yield climbed to 2.64 percent, while the dollar erased losses.
Taken together, minutes of the Fed meeting broke decidedly dovish, with a discussion of ending the balance sheet runoff and uncertainty about more rate hikes. That they didn’t do more to move prices reflects the big swings that have ruled equity and bond markets for the last three months. Much of the sentiment reflected in today’s statement was priced in by the S&P 500’s nearly 20 percent jump since Christmas.
“The Powell Pivot actually started on January 4th when Chair Powell spoke at the AEA,” said Michael O’Rourke, JonesTrading’s chief market strategist. “It is fair to say the dovish stance has been priced in.”
The post-Christmas rally that’s added 18 percent to U.S. stocks appears to have run out of catalysts to propel it higher. Technical indicators, from closely watched moving averages to the relative-strength index, signal that gains from here may be difficult to come by. Investor focus will be trained on headlines out of this week’s negotiations in Washington and on any information coming out of the Fed that could shed more light on future monetary policy.
Elsewhere, the pound was little changed as Prime Minister Theresa May headed back to Brussels in a last-ditch attempt to save her Brexit deal. Gold traded near the highest since May and palladium soared to a record as a shortage started to bite. Emerging-market shares rallied and their currencies advanced. South Africa’s rand fell as the government unveiled a bailout package for utility Eskom.
Stocks
The S&P 500 Index rose 0.2 percent at 4 p.m. New York time.
The Stoxx Europe 600 Index gained 0.7 percent to the highest in 19 weeks.
The MSCI All-Country World Index increased 0.5 percent to the highest in 19 weeks.
The MSCI Emerging Market Index surged 1.2 percent, the most since January.
Currencies
The Bloomberg Dollar Spot Index was little changed.
The euro was rose less than 0.1 percent $1.1343.
The Japanese yen fell 0.2 percent to 110.81 per dollar, the weakest in a week.
The MSCI Emerging Markets Currency Index gained 0.4 percent to the highest in two weeks.
Bonds
The yield on 10-year Treasuries climbed one basis point to 2.65 percent.
Germany’s 10-year yield declined one basis point to 0.100 percent.
Britain’s 10-year yield rose one basis point at 1.181 percent.
Commodities
The Bloomberg Commodity Index rose 0.5 percent.
West Texas Intermediate crude gained 1.5 percent to $56.92 a barrel.
Gold fell 0.1 percent to $1,344.00 an ounce.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Business Standard :*
Ø Moody's upgrades outlook on Yes Bank to stable
Ø IL&FS probe: ED registers money laundering case
Ø India to remain fastest growing economy: Report
Ø RCom case: SC dismisses contempt plea against SBI
Ø FDI during April-Dec 2018-19 falls 7% to $33.49 bn
Ø Allahabad Bank, IOB's stake sale in Universal Sompo General Insurance gathers pace
Ø Govt to infuse Rs 48,239 cr in 12 PSBs; Corporation Bank gets Rs 9,086 cr
Ø Saudi Aramco in talks with Reliance Industries, others to invest in oil
Ø FinMin expects bad loan recoveries to touch Rs 1.80 trillion in FY19
Ø France court orders UBS to pay $5.1 billion for Swiss accounts scandal
Ø Govt calls meeting next week on mandatory hallmarking of gold jewellery
Business Line
*Mint :*
Ø Supreme Court holds Anil Ambani guilty in Ericsson case
Ø Alembic Pharma gets USFDA nod for glaucoma drug
Ø IRDAI spells out draft norms of standard mediclaim policy
Ø Aviation industry is challenging, says Naresh Goyal
Ø GST Council adjourns meeting, to decide on lowering levy for real estate on Sunday
Ø Lite Bite Foods to buy 4 restaurant brands from Phoenix Mills Group arm
Ø Only Jio, BSNL add mobile users in Dec, Voda Idea lost maximum: Trai
Ø Coal India gets Sebi exemption for share buy back programme
Ø EPFO likely to announce 8.55% interest on EPF for FY19
Ø Tata Motors betting big on electric buses, hopeful demand will grow
Ø Vodafone Idea eyes 100% network integration by June 2020
Financial Express
*Deccan Chronicle :*
Ø Mukesh Ambani’s RIL world’s 6th fastest growing retailer; beats Jeff Bezos' Amazon, Nike
Ø World’s biggest mortgage-backed covered bond market sets another record
Ø Maruti Suzuki, Hyundai rule list of top 10 cars sold in January
Ø Sonalika Tractors’ exports soar 130% in January
Ø Govt mulls additional petroleum reserves
Ø Fine on benami can be up to 25 per cent of property rate
Ø SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans
Ø Sensex snaps 9-day losing run, rebounds over 400 points
Ø TCS recognised as a global top employer
By: via @AlliesFin Serve T.ME/ALLiESFiN
Ø Moody's upgrades outlook on Yes Bank to stable
Ø IL&FS probe: ED registers money laundering case
Ø India to remain fastest growing economy: Report
Ø RCom case: SC dismisses contempt plea against SBI
Ø FDI during April-Dec 2018-19 falls 7% to $33.49 bn
Ø Allahabad Bank, IOB's stake sale in Universal Sompo General Insurance gathers pace
Ø Govt to infuse Rs 48,239 cr in 12 PSBs; Corporation Bank gets Rs 9,086 cr
Ø Saudi Aramco in talks with Reliance Industries, others to invest in oil
Ø FinMin expects bad loan recoveries to touch Rs 1.80 trillion in FY19
Ø France court orders UBS to pay $5.1 billion for Swiss accounts scandal
Ø Govt calls meeting next week on mandatory hallmarking of gold jewellery
Business Line
*Mint :*
Ø Supreme Court holds Anil Ambani guilty in Ericsson case
Ø Alembic Pharma gets USFDA nod for glaucoma drug
Ø IRDAI spells out draft norms of standard mediclaim policy
Ø Aviation industry is challenging, says Naresh Goyal
Ø GST Council adjourns meeting, to decide on lowering levy for real estate on Sunday
Ø Lite Bite Foods to buy 4 restaurant brands from Phoenix Mills Group arm
Ø Only Jio, BSNL add mobile users in Dec, Voda Idea lost maximum: Trai
Ø Coal India gets Sebi exemption for share buy back programme
Ø EPFO likely to announce 8.55% interest on EPF for FY19
Ø Tata Motors betting big on electric buses, hopeful demand will grow
Ø Vodafone Idea eyes 100% network integration by June 2020
Financial Express
*Deccan Chronicle :*
Ø Mukesh Ambani’s RIL world’s 6th fastest growing retailer; beats Jeff Bezos' Amazon, Nike
Ø World’s biggest mortgage-backed covered bond market sets another record
Ø Maruti Suzuki, Hyundai rule list of top 10 cars sold in January
Ø Sonalika Tractors’ exports soar 130% in January
Ø Govt mulls additional petroleum reserves
Ø Fine on benami can be up to 25 per cent of property rate
Ø SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans
Ø Sensex snaps 9-day losing run, rebounds over 400 points
Ø TCS recognised as a global top employer
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Mkt. Updates :*
*SGX Nifty -24 pts (10735) from last trade 10759 ,*
Nikkei -99 pts ,
Hangseng -64 pts ,
Now @6.52am .
Dow +63.12 pts ,Nsdq +2.30 pts , S&P +4.94 pts , Bovespa -1114 pts , Ftse +49 pts , Dax +92 pts , Cac +35 pts , Crude @ $56.92 brl (-0.00), Brent @ $67.08 brl (+0.00) , Gold @ 1343.20 (-4.70), Silver @ $16.05 (-0.12), Euro @ $1.1346, JPY @ $110.7200, INR @ 71.055
*US GOVT. 10-YEAR YIELD : 2.64%*
*Today's Corporate Action 21st Feb Ex Date :*
BPCL
Interim Dividend - Rs. - 11.0000
CARERATING
Interim Dividend - Rs. - 6.0000
GOLDIAM
Interim Dividend - Rs. - 2.0000
GPTINFRA
Interim Dividend - Rs. - 2.0000
INDNIPPON
Interim Dividend - Rs. - 3.0000
LKPFIN
Interim Dividend - Rs. - 3.0000
MANAKSIA
Interim Dividend - Rs. - 3.0000
MAYURUNIQ
Interim Dividend - Rs. - 2.0000
MINDACORP
Interim Dividend - Rs. - 0.2500
MODISNME
Interim Dividend - Rs. - 1.0000
MONTECARLO
Buy Back of Shares
NATCOPHARM*
Interim Dividend - Rs. - 3.5000
OIL
Interim Dividend - Rs. - 8.5000
PAGEIND
Interim Dividend - Rs. - 41.0000
PAGEIND
Special Dividend - Rs. - 70.0000
RICOAUTO
Interim Dividend - Rs. - 0.4000
SATIA
Interim Dividend - Rs. - 1.0000
SAVERA
Interim Dividend - Rs. - 1.0000
SHBCLQ
Interim Dividend - Rs. - 0.3000
SUPRAJIT
Interim Dividend - Rs. - 0.7000
VIDHIING
Interim Dividend - Rs. - 0.2000
*Today's Board Meetings :*
Feb 21 Anik Industries Ltd, earnings for quarter ended December.
Feb 21 Gopal Iron & Steels Co (Gujarat) Ltd, earnings for quarter ended
December.
Feb 21 Tech Mahindra Ltd, to consider proposal of buyback of equity shares.
*Today's Data Alert :*
Feb 21 : RBI to release minutes of Monetary Policy Committee's Feb 5-7 meeting.
Feb 21 : RBI Governor Das to meet bank heads to discuss rate transmission.
Feb 21 : OMO PURCHASE: RBI to purchase up to 125 bln rupees worth of five bonds-- 7.80%, 2020, bond, 7.16%, 2023, bond, 7.59%, 2026, bond, 7.59%, 2029 bond, and 8.28%, 2032, bond --between 1030 IST and 1200 IST.
By: via @AlliesFin Serve T.ME/ALLiESFiN
*SGX Nifty -24 pts (10735) from last trade 10759 ,*
Nikkei -99 pts ,
Hangseng -64 pts ,
Now @6.52am .
Dow +63.12 pts ,Nsdq +2.30 pts , S&P +4.94 pts , Bovespa -1114 pts , Ftse +49 pts , Dax +92 pts , Cac +35 pts , Crude @ $56.92 brl (-0.00), Brent @ $67.08 brl (+0.00) , Gold @ 1343.20 (-4.70), Silver @ $16.05 (-0.12), Euro @ $1.1346, JPY @ $110.7200, INR @ 71.055
*US GOVT. 10-YEAR YIELD : 2.64%*
*Today's Corporate Action 21st Feb Ex Date :*
BPCL
Interim Dividend - Rs. - 11.0000
CARERATING
Interim Dividend - Rs. - 6.0000
GOLDIAM
Interim Dividend - Rs. - 2.0000
GPTINFRA
Interim Dividend - Rs. - 2.0000
INDNIPPON
Interim Dividend - Rs. - 3.0000
LKPFIN
Interim Dividend - Rs. - 3.0000
MANAKSIA
Interim Dividend - Rs. - 3.0000
MAYURUNIQ
Interim Dividend - Rs. - 2.0000
MINDACORP
Interim Dividend - Rs. - 0.2500
MODISNME
Interim Dividend - Rs. - 1.0000
MONTECARLO
Buy Back of Shares
NATCOPHARM*
Interim Dividend - Rs. - 3.5000
OIL
Interim Dividend - Rs. - 8.5000
PAGEIND
Interim Dividend - Rs. - 41.0000
PAGEIND
Special Dividend - Rs. - 70.0000
RICOAUTO
Interim Dividend - Rs. - 0.4000
SATIA
Interim Dividend - Rs. - 1.0000
SAVERA
Interim Dividend - Rs. - 1.0000
SHBCLQ
Interim Dividend - Rs. - 0.3000
SUPRAJIT
Interim Dividend - Rs. - 0.7000
VIDHIING
Interim Dividend - Rs. - 0.2000
*Today's Board Meetings :*
Feb 21 Anik Industries Ltd, earnings for quarter ended December.
Feb 21 Gopal Iron & Steels Co (Gujarat) Ltd, earnings for quarter ended
December.
Feb 21 Tech Mahindra Ltd, to consider proposal of buyback of equity shares.
*Today's Data Alert :*
Feb 21 : RBI to release minutes of Monetary Policy Committee's Feb 5-7 meeting.
Feb 21 : RBI Governor Das to meet bank heads to discuss rate transmission.
Feb 21 : OMO PURCHASE: RBI to purchase up to 125 bln rupees worth of five bonds-- 7.80%, 2020, bond, 7.16%, 2023, bond, 7.59%, 2026, bond, 7.59%, 2029 bond, and 8.28%, 2032, bond --between 1030 IST and 1200 IST.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Wednesday 20 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
Economic Times
Business Standard
Ø Govt may launch exchange traded fund of PSU bank stocks next fiscal
Ø I-T for charging GST on logo use by subsidiaries
Ø RBI rap: Yes Bank denies any wrong-doing in making report public
Ø Govt's national electronics policy eyes 1 cr jobs
Ø ArcelorMittal buys back shares worth $89 million
Ø Walmart Q4 profits jump 69.5% to $3.7 bn, top estimates
Ø Irdai asks all non-life insurers for a uniform standard health product
Ø WTO pegs global trade at 9-yr low; India exports may face repercussions
Ø Govt raises investment limit for angel tax concession to startups
Ø SIP closure ratio at 18-month high, Dec applications slip to 750,000
Ø Honda to close only UK factory, blames global trends -- not Brexit
Business Line
Mint
Ø Rel Power promoters eye₹2,500 cr from sale of 18% stake
Ø Vedanta says no revised bid for Essar Steel
Ø I-T dept raids Divi’s Lab premises
Ø Wheat output may cross 100 mt: ICAR official
Ø SEA in pact with Argentinian body to boost vegoil trade
Ø ABB bags ₹ 270 cr order from Railways
Ø Govt reverts back to old system of awarding oil and gas blocks
Ø Cabinet clears promulgating fresh ordinance for companies law amendments
Ø SC to pronounce order on Ericsson's contempt plea against RCom chief Anil Ambani
Ø Jaypee Infra's promoter makes second attempt to settle dues
Financial Express
Deccan Chronicle
Ø Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3
Ø Insolvency process: Gaur offers to clear Jaypee Infra dues of Rs 8,358 crore
Ø Vedanta to file fresh writ in High Court Sterlite Copper row
Ø French aerospace firm Safran to have engine plant in Hyderabad
Ø JSW Cement to invest Rs 2,000cr to take capacity to 20mt by'20
Ø Sensex falls for 9th straight session, ends 146 points lower
Ø India's fuel demand rose 6.4 per cent year-on-year in January
Ø Brent oil eases from 2019 highs as markets await trade talks outcome
By: via @AlliesFin Serve T.ME/ALLiESFiN
Business Standard
Ø Govt may launch exchange traded fund of PSU bank stocks next fiscal
Ø I-T for charging GST on logo use by subsidiaries
Ø RBI rap: Yes Bank denies any wrong-doing in making report public
Ø Govt's national electronics policy eyes 1 cr jobs
Ø ArcelorMittal buys back shares worth $89 million
Ø Walmart Q4 profits jump 69.5% to $3.7 bn, top estimates
Ø Irdai asks all non-life insurers for a uniform standard health product
Ø WTO pegs global trade at 9-yr low; India exports may face repercussions
Ø Govt raises investment limit for angel tax concession to startups
Ø SIP closure ratio at 18-month high, Dec applications slip to 750,000
Ø Honda to close only UK factory, blames global trends -- not Brexit
Business Line
Mint
Ø Rel Power promoters eye₹2,500 cr from sale of 18% stake
Ø Vedanta says no revised bid for Essar Steel
Ø I-T dept raids Divi’s Lab premises
Ø Wheat output may cross 100 mt: ICAR official
Ø SEA in pact with Argentinian body to boost vegoil trade
Ø ABB bags ₹ 270 cr order from Railways
Ø Govt reverts back to old system of awarding oil and gas blocks
Ø Cabinet clears promulgating fresh ordinance for companies law amendments
Ø SC to pronounce order on Ericsson's contempt plea against RCom chief Anil Ambani
Ø Jaypee Infra's promoter makes second attempt to settle dues
Financial Express
Deccan Chronicle
Ø Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3
Ø Insolvency process: Gaur offers to clear Jaypee Infra dues of Rs 8,358 crore
Ø Vedanta to file fresh writ in High Court Sterlite Copper row
Ø French aerospace firm Safran to have engine plant in Hyderabad
Ø JSW Cement to invest Rs 2,000cr to take capacity to 20mt by'20
Ø Sensex falls for 9th straight session, ends 146 points lower
Ø India's fuel demand rose 6.4 per cent year-on-year in January
Ø Brent oil eases from 2019 highs as markets await trade talks outcome
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*SGX Nifty +51 pts (10666) from last trade 10615 ,*
Nikkei +126 pts ,
Hangseng +177 pts ,
Now @6.58am .
Dow +8.07 pts ,Nsdq +14.36 pts , S&P +4.16 pts , Bovespa +1149 pts , Ftse -40 pts , Dax +10 pts , Cac -8 pts , Crude @ $55.95 brl (-0.14), Brent @ $66.45 brl (+0.00) , Gold @ 1342.60 (-2.20), Silver @ $15.945 (-0.02), Euro @ $1.1334, JPY @ $110.6400, INR @ 71.325
*Today's Corporate Action*
20th Feb Ex Date
AMRUTANJAN
Interim Dividend - Rs. - 0.5500
RADIOCITY
Stock Split From Rs.10/- to Rs.2/-
*Today's Board Meetings*
Feb 20 JMT Auto Ltd, earnings for quarter ended December.
Feb 20 Mahindra Cie Automotive Ltd, earnings for quarter ended December.
Feb 20 Mayur Leather Products Ltd, earnings for quarter ended December.
Feb 20 Metalyst Forgings Ltd, earnings for quarter ended December.
Feb 20 Rollatainers Ltd, earnings for quarter ended December.
Feb 20 Sang Froid Labs (India) Ltd, earnings for quarter ended December.
Feb 20 Varun Beverages Ltd, earnings for quarter ended December.
*Today's Data Alert*
Feb 20 : CPI for rural and farm labourers for Jan, by Labour Bureau.
Feb 20 : Press Conference of NASSCOM. Chairman Premji, Vice Chairman Murugesh, President Ghosh to be present. 1130 IST, Mumbai.
Feb 20 : REPO AUCTION: 7-day variable rate repo for 300 bln rupees from 1000 IST to 1030 IST.
Feb 20 : RBI to auction 91-day T-bills worth 40 bln rupees, 182-day T-bills worth 30 bln rupees and 364-day T-bills worth 30 bln rupees.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Nikkei +126 pts ,
Hangseng +177 pts ,
Now @6.58am .
Dow +8.07 pts ,Nsdq +14.36 pts , S&P +4.16 pts , Bovespa +1149 pts , Ftse -40 pts , Dax +10 pts , Cac -8 pts , Crude @ $55.95 brl (-0.14), Brent @ $66.45 brl (+0.00) , Gold @ 1342.60 (-2.20), Silver @ $15.945 (-0.02), Euro @ $1.1334, JPY @ $110.6400, INR @ 71.325
*Today's Corporate Action*
20th Feb Ex Date
AMRUTANJAN
Interim Dividend - Rs. - 0.5500
RADIOCITY
Stock Split From Rs.10/- to Rs.2/-
*Today's Board Meetings*
Feb 20 JMT Auto Ltd, earnings for quarter ended December.
Feb 20 Mahindra Cie Automotive Ltd, earnings for quarter ended December.
Feb 20 Mayur Leather Products Ltd, earnings for quarter ended December.
Feb 20 Metalyst Forgings Ltd, earnings for quarter ended December.
Feb 20 Rollatainers Ltd, earnings for quarter ended December.
Feb 20 Sang Froid Labs (India) Ltd, earnings for quarter ended December.
Feb 20 Varun Beverages Ltd, earnings for quarter ended December.
*Today's Data Alert*
Feb 20 : CPI for rural and farm labourers for Jan, by Labour Bureau.
Feb 20 : Press Conference of NASSCOM. Chairman Premji, Vice Chairman Murugesh, President Ghosh to be present. 1130 IST, Mumbai.
Feb 20 : REPO AUCTION: 7-day variable rate repo for 300 bln rupees from 1000 IST to 1030 IST.
Feb 20 : RBI to auction 91-day T-bills worth 40 bln rupees, 182-day T-bills worth 30 bln rupees and 364-day T-bills worth 30 bln rupees.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Stocks in Asia poised to trade higher; yuan jumps
Shares in Australia gained in early trade.
Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a "magical date."
Also on Tuesday, a report said the U.S. is requesting that China keep the yuan stable as part of the trade deal. That sent the offshore Chinese yuan on a path of strong gains.
Stocks in Asia were poised to trade higher on Wednesday, with U.S. major indexes gaining on the back of U.S. President Donald Trump hinting once again that a closely watched trade deadline in March may be pushed back.
The ASX 200 in Australia rose 0.27 percent in early trade as the sectors traded mixed. The materials subindex jumped 1.79 percent as shares of major miners saw strong gains.
Meanwhile, futures pointed to a higher open for the Nikkei 225 in Japan. The Nikkei futures contract in Chicago was at 21,335, as compared to the benchmark index's last close at 21,302.65.
Overnight on Wall Street, the Dow Jones Industrial Average climbed as much as 78.19 points before ending the day up 8.07 points at 25,891.32. The S&P 500gained 0.15 percent to close at 2,779.76 as the materials sector outperformed. The Nasdaq Composite closed 0.2 percent higher at 7,486.77 as Amazon and Netflix both rose more than 1 percent.
Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a "magical date." Both countries have until then to come up with a deal. Otherwise, additional U.S. tariffs on Chinese products could take effect. Trump indicated last week, however, he would be willing to push back the deadline.
Representatives from the U.S. and China are meeting in Washington this week to resume trade negotiations, with high level discussions set to happen later in the week, the White House said Monday.
Chinese yuan moves
Also on Tuesday, Bloomberg News reported that the U.S. is requesting that China keep the yuan stable as part of the trade deal.
The move would be aimed at mediating any effort by the Chinese to devalue the yuan to counter American tariffs, people familiar with the situation told Bloomberg News. The Trump administration has insisted that moves to devalue the yuan to buoy Chinese exports would be countered with additional or more severe American tariffs, sources told Bloomberg News.
The report sent the offshore Chinese yuan on a path of strong gains. It last traded at 6.7436 against the greenback, after seeing levels above 6.78 yesterday.
"We are not surprised the US government has made such a request. But the request flies in the face of another US demand for a more market‑driven (offshore Chinese yuan)," Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, said in a morning note.
"As we have spelled out frequently, the fundamentals are pushing (the offshore Chinese yuan) weaker, not stronger. China's current account surplus has collapsed to only 0.4% of GDP in 2018 and interest rate spreads have narrowed," Capurso said.
The Australian dollar also saw strong gains, last trading at $0.7165 after bouncing from lows below $0.712 yesterday.
"Unsurprisingly, what is good for (the offshore Chinese yuan) is also good for (the Australian dollar) given the strong trade links between China and Australia," Capurso said.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.529 after seeing highs around 97 yesterday. The Japanese yen traded at 110.58 against the dollar after seeing lows above 110.7 in the previous session.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Shares in Australia gained in early trade.
Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a "magical date."
Also on Tuesday, a report said the U.S. is requesting that China keep the yuan stable as part of the trade deal. That sent the offshore Chinese yuan on a path of strong gains.
Stocks in Asia were poised to trade higher on Wednesday, with U.S. major indexes gaining on the back of U.S. President Donald Trump hinting once again that a closely watched trade deadline in March may be pushed back.
The ASX 200 in Australia rose 0.27 percent in early trade as the sectors traded mixed. The materials subindex jumped 1.79 percent as shares of major miners saw strong gains.
Meanwhile, futures pointed to a higher open for the Nikkei 225 in Japan. The Nikkei futures contract in Chicago was at 21,335, as compared to the benchmark index's last close at 21,302.65.
Overnight on Wall Street, the Dow Jones Industrial Average climbed as much as 78.19 points before ending the day up 8.07 points at 25,891.32. The S&P 500gained 0.15 percent to close at 2,779.76 as the materials sector outperformed. The Nasdaq Composite closed 0.2 percent higher at 7,486.77 as Amazon and Netflix both rose more than 1 percent.
Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a "magical date." Both countries have until then to come up with a deal. Otherwise, additional U.S. tariffs on Chinese products could take effect. Trump indicated last week, however, he would be willing to push back the deadline.
Representatives from the U.S. and China are meeting in Washington this week to resume trade negotiations, with high level discussions set to happen later in the week, the White House said Monday.
Chinese yuan moves
Also on Tuesday, Bloomberg News reported that the U.S. is requesting that China keep the yuan stable as part of the trade deal.
The move would be aimed at mediating any effort by the Chinese to devalue the yuan to counter American tariffs, people familiar with the situation told Bloomberg News. The Trump administration has insisted that moves to devalue the yuan to buoy Chinese exports would be countered with additional or more severe American tariffs, sources told Bloomberg News.
The report sent the offshore Chinese yuan on a path of strong gains. It last traded at 6.7436 against the greenback, after seeing levels above 6.78 yesterday.
"We are not surprised the US government has made such a request. But the request flies in the face of another US demand for a more market‑driven (offshore Chinese yuan)," Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, said in a morning note.
"As we have spelled out frequently, the fundamentals are pushing (the offshore Chinese yuan) weaker, not stronger. China's current account surplus has collapsed to only 0.4% of GDP in 2018 and interest rate spreads have narrowed," Capurso said.
The Australian dollar also saw strong gains, last trading at $0.7165 after bouncing from lows below $0.712 yesterday.
"Unsurprisingly, what is good for (the offshore Chinese yuan) is also good for (the Australian dollar) given the strong trade links between China and Australia," Capurso said.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.529 after seeing highs around 97 yesterday. The Japanese yen traded at 110.58 against the dollar after seeing lows above 110.7 in the previous session.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Stocks Edge Higher on Earnings; Treasuries Rise: Markets Wrap
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U.S. stocks rose in thin trading as Walmart Inc.’s stellar earnings boosted consumer shares, while Treasuries advanced as investors assessed the prospects for a trade deal with China.
The S&P 500 gained for the sixth time in seven sessions, pushing to the highest since early December. Walmart’s best holiday quarter in a decade lifted retailers and homebuilders got a boost from a positive sentiment report. The 10-year Treasury yield slid below 2.64 percent as concerns remain that the trade truce will end March 1 without a deal, leading to fresh tariffs.
The dollar fell against major currencies ahead of speeches from Federal Reserve officials this week and the release of meeting minutes Wednesday that should shed more light on the central bank’s turn to a more dovish tone. China’s yuan traded offshore strengthened against the greenback after a Bloomberg News report saying the U.S. is said to press for a stable Chinese currency as part of negotiations.
“There’s a lot going on out there and I think for the most part investors are looking at China and the trade talks,” Kim Forrest, senior portfolio manager at Fort Pitt Capital, said on Bloomberg Television. “We’ve been down this road a couple of times before -- not just this year, but last year as well -- and this March deadline is really approaching quickly. That’s really where companies are focused, as we heard today on Walmart, but also investors.”
With earnings season nearing its end, the latest minutes from both the Federal Reserve and European Central Bank due this week and U.S. President Donald Trump weighing an extension of the deadline for a trade deal with China, investors have plenty to ponder right now. Uncertainty over the outlook for global growth hangs over everything, and traders will be hoping for some good news from the world’s two largest economies when talks resume in Washington on Tuesday.
Elsewhere, the pound advanced as U.K. and European officials work on new legal text for the contentious Irish border backstop. Gold traded at the highest since May amid increasing bullishness and West Texas crude advanced to trade at about its highest in almost three months.
Here are some key events coming up:
The Federal Reserve will on Wednesday publish minutes from its recent meeting, with the European Central Bank following suit on Thursday.
Stocks
The S&P 500 Index rose 0.2 percent as of 4 p.m. New York time.
The Stoxx Europe 600 Index dropped 0.2 percent.
The MSCI All-Country World Index rose 0.3 percent.
The MSCI Emerging Market Index gained 0.1 percent.
Currencies
The Bloomberg Dollar Spot Index fell 0.3 percent.
The euro rose 0.3 percent to $1.1347.
The Japanese yen declined less than 0.1 percent to 110.55 per dollar.
The British pound rose 1.1 percent to $1.3064, the strongest in more than a week.
The MSCI Emerging Markets Currency Index gained 0.3 percent.
Bonds
The yield on 10-year Treasuries fell two basis points to 2.64 percent, the lowest in more than a week.
Germany’s 10-year yield declined less than one basis point to 0.105 percent, the lowest in more than a week.
Britain’s 10-year yield was steady at 1.169 percent.
Commodities
The Bloomberg Commodity Index climbed 0.4 percent to the highest about two weeks.
West Texas crude rose 0.9 percent to $56.09 a barrel.
Gold rose 1.6 percent to $1,343.40 an ounce, the highest in nine months.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
U.S. stocks rose in thin trading as Walmart Inc.’s stellar earnings boosted consumer shares, while Treasuries advanced as investors assessed the prospects for a trade deal with China.
The S&P 500 gained for the sixth time in seven sessions, pushing to the highest since early December. Walmart’s best holiday quarter in a decade lifted retailers and homebuilders got a boost from a positive sentiment report. The 10-year Treasury yield slid below 2.64 percent as concerns remain that the trade truce will end March 1 without a deal, leading to fresh tariffs.
The dollar fell against major currencies ahead of speeches from Federal Reserve officials this week and the release of meeting minutes Wednesday that should shed more light on the central bank’s turn to a more dovish tone. China’s yuan traded offshore strengthened against the greenback after a Bloomberg News report saying the U.S. is said to press for a stable Chinese currency as part of negotiations.
“There’s a lot going on out there and I think for the most part investors are looking at China and the trade talks,” Kim Forrest, senior portfolio manager at Fort Pitt Capital, said on Bloomberg Television. “We’ve been down this road a couple of times before -- not just this year, but last year as well -- and this March deadline is really approaching quickly. That’s really where companies are focused, as we heard today on Walmart, but also investors.”
With earnings season nearing its end, the latest minutes from both the Federal Reserve and European Central Bank due this week and U.S. President Donald Trump weighing an extension of the deadline for a trade deal with China, investors have plenty to ponder right now. Uncertainty over the outlook for global growth hangs over everything, and traders will be hoping for some good news from the world’s two largest economies when talks resume in Washington on Tuesday.
Elsewhere, the pound advanced as U.K. and European officials work on new legal text for the contentious Irish border backstop. Gold traded at the highest since May amid increasing bullishness and West Texas crude advanced to trade at about its highest in almost three months.
Here are some key events coming up:
The Federal Reserve will on Wednesday publish minutes from its recent meeting, with the European Central Bank following suit on Thursday.
Stocks
The S&P 500 Index rose 0.2 percent as of 4 p.m. New York time.
The Stoxx Europe 600 Index dropped 0.2 percent.
The MSCI All-Country World Index rose 0.3 percent.
The MSCI Emerging Market Index gained 0.1 percent.
Currencies
The Bloomberg Dollar Spot Index fell 0.3 percent.
The euro rose 0.3 percent to $1.1347.
The Japanese yen declined less than 0.1 percent to 110.55 per dollar.
The British pound rose 1.1 percent to $1.3064, the strongest in more than a week.
The MSCI Emerging Markets Currency Index gained 0.3 percent.
Bonds
The yield on 10-year Treasuries fell two basis points to 2.64 percent, the lowest in more than a week.
Germany’s 10-year yield declined less than one basis point to 0.105 percent, the lowest in more than a week.
Britain’s 10-year yield was steady at 1.169 percent.
Commodities
The Bloomberg Commodity Index climbed 0.4 percent to the highest about two weeks.
West Texas crude rose 0.9 percent to $56.09 a barrel.
Gold rose 1.6 percent to $1,343.40 an ounce, the highest in nine months.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Wall Street rises modestly on Walmart bump
U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington.
All three major U.S. equity indexes closed higher, with the Nasdaq ending its seventh consecutive day in the black.
Stocks have recovered broadly from their year-end selloff, with the Nasdaq up almost 21 percent from its Dec. 24 low and the S&P 500 more than 18 percent. More stocks are making 52-week highs than at any time since Wall Street was taking those indexes to records in August and September.
Stocks pared their gains late in the session, however, after a Reuters story quoted New York Fed President John Williams saying a different economic outlook would be necessary for the U.S. Federal Reserve to resume its interest rate hikes.
“(Williams) did say (the Fed was) going to be drawing down the balance sheet for some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Perhaps that caused some concern in the markets.”
Consumer discretionary stocks, led by Amazon.com, provided the biggest lift to the S&P 500 and Nasdaq, while Walmart Inc headed up the blue-chip Dow’s advance.
Walmart reported a better-than-expected jump in same-store sales during the holiday quarter, sending shares of the world’s largest retailer up 2.2 percent.
“Walmart is the big story today,” said senior market strategist for Allianz Investment Management in Minneapolis. “You take a look at what we had last week with weaker-than-expected retail sales, and now Walmart’s coming in saying they had the best Christmas season in some time.
“It provides reassurance to the market.”
A fresh round of high-level trade talks between the United States and China began in Washington, with U.S. Chamber of Commerce vice president Myron Brilliant expressing hope that “the two sides will reach a comprehensive, bold and significant trade agreement.”
On Wednesday, the Federal Open Market Committee (FOMC) is slated to release minutes from its January policymaking meeting. The minutes are expected to reaffirm the central bank’s statement last month that it would be “patient” with respect to further rate hikes after markets swooned late in December on fears of an economic slowdown.
Indeed, in the quarters ahead, analysts see a slowdown in corporate profit growth. While fourth-quarter profits are expected to have increased by 16.3 percent, the outlook going forward grows cloudier.
First-quarter 2019 earnings are now seen dropping by 0.6 percent from last year, which would mark the first annual decline since the earnings recession that ended mid-2016.
Next U.S.-China trade talks set to kick off
The Dow Jones Industrial Average rose 8.07 points, or 0.03 percent, to 25,891.32, the S&P 500 gained 4.16 points, or 0.15 percent, to 2,779.76 and the Nasdaq Composite added 14.36 points, or 0.19 percent, to 7,486.77.
Of the 11 major sectors in the S&P 500, all but healthcare and industrials closed in positive territory.
Amazon ended the session up 1.2 percent, bouncing back from a two-day sell-off following news that the e-commerce giant’s China unit is in merger talks with Chinese shopping site Kaola.
Shares of Freeport McMoRan jumped 6.6 percent after Citigroup raised the stock to “buy” from “neutral.”
Advancing issues outnumbered declining ones on the NYSE by a 2.14-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favored advancers.
Between the New York Stock Exchange and Nasdaq, 287 stocks hit 52-week highs, the most since September 21.
The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 97 new highs and 20 new lows.
Volume on U.S. exchanges was 6.89 billion shares, compared to the 7.37 billion average over the last 20 trading days.
By: via @AlliesFin Serve T.ME/ALLiESFiN
U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington.
All three major U.S. equity indexes closed higher, with the Nasdaq ending its seventh consecutive day in the black.
Stocks have recovered broadly from their year-end selloff, with the Nasdaq up almost 21 percent from its Dec. 24 low and the S&P 500 more than 18 percent. More stocks are making 52-week highs than at any time since Wall Street was taking those indexes to records in August and September.
Stocks pared their gains late in the session, however, after a Reuters story quoted New York Fed President John Williams saying a different economic outlook would be necessary for the U.S. Federal Reserve to resume its interest rate hikes.
“(Williams) did say (the Fed was) going to be drawing down the balance sheet for some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Perhaps that caused some concern in the markets.”
Consumer discretionary stocks, led by Amazon.com, provided the biggest lift to the S&P 500 and Nasdaq, while Walmart Inc headed up the blue-chip Dow’s advance.
Walmart reported a better-than-expected jump in same-store sales during the holiday quarter, sending shares of the world’s largest retailer up 2.2 percent.
“Walmart is the big story today,” said senior market strategist for Allianz Investment Management in Minneapolis. “You take a look at what we had last week with weaker-than-expected retail sales, and now Walmart’s coming in saying they had the best Christmas season in some time.
“It provides reassurance to the market.”
A fresh round of high-level trade talks between the United States and China began in Washington, with U.S. Chamber of Commerce vice president Myron Brilliant expressing hope that “the two sides will reach a comprehensive, bold and significant trade agreement.”
On Wednesday, the Federal Open Market Committee (FOMC) is slated to release minutes from its January policymaking meeting. The minutes are expected to reaffirm the central bank’s statement last month that it would be “patient” with respect to further rate hikes after markets swooned late in December on fears of an economic slowdown.
Indeed, in the quarters ahead, analysts see a slowdown in corporate profit growth. While fourth-quarter profits are expected to have increased by 16.3 percent, the outlook going forward grows cloudier.
First-quarter 2019 earnings are now seen dropping by 0.6 percent from last year, which would mark the first annual decline since the earnings recession that ended mid-2016.
Next U.S.-China trade talks set to kick off
The Dow Jones Industrial Average rose 8.07 points, or 0.03 percent, to 25,891.32, the S&P 500 gained 4.16 points, or 0.15 percent, to 2,779.76 and the Nasdaq Composite added 14.36 points, or 0.19 percent, to 7,486.77.
Of the 11 major sectors in the S&P 500, all but healthcare and industrials closed in positive territory.
Amazon ended the session up 1.2 percent, bouncing back from a two-day sell-off following news that the e-commerce giant’s China unit is in merger talks with Chinese shopping site Kaola.
Shares of Freeport McMoRan jumped 6.6 percent after Citigroup raised the stock to “buy” from “neutral.”
Advancing issues outnumbered declining ones on the NYSE by a 2.14-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favored advancers.
Between the New York Stock Exchange and Nasdaq, 287 stocks hit 52-week highs, the most since September 21.
The S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 97 new highs and 20 new lows.
Volume on U.S. exchanges was 6.89 billion shares, compared to the 7.37 billion average over the last 20 trading days.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Tuesday 19 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
19/2/2019
BSE:-145(35352)
NSE:-36(10604)
MID:+71(13866)
SML:+43(13161)
Fll|FPI:-813Cr
DlI:+1163Cr
B.Crude$:66
Gold$:1328=INR:33720
Silver:40267
Rs/$: 71.34
New 7.17 2028 G-Sec: N.A.
NSE PE: 26.23
By: via @AlliesFin Serve T.ME/ALLiESFiN
BSE:-145(35352)
NSE:-36(10604)
MID:+71(13866)
SML:+43(13161)
Fll|FPI:-813Cr
DlI:+1163Cr
B.Crude$:66
Gold$:1328=INR:33720
Silver:40267
Rs/$: 71.34
New 7.17 2028 G-Sec: N.A.
NSE PE: 26.23
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Economic Times
Business Standard
Ø CIC pulls up RBI for non-disclosure of DeMo records
Ø IOC signs $1.5 billion deal to buy US crude oil
Ø 63 Moons to file Rs 10K cr suit against Chidambaram
Ø Infosys settles case with Sebi, pays Rs 34 lakh
Ø L&T bags airport construction job worth over Rs 7,000 cr
Ø ArcelorMittal offers Rs 4,800 cr for Essar Mahan: PFC
Ø RBI to pay Rs 28,000 crore as interim dividend to govt
Ø Domestic aluminium firms differ on protective steps to curb rising imports
Ø Govt forms committee for sale of 'enemy shares' worth Rs 3,000 crore
Ø Emami promoters sell 10% stake to pare Group debt, pledged shares
Ø Piramal Realty puts off plans to float PE fund for commercial real estate
Business Line
Mint
Ø ‘Transaction price for REC-PFC merger being finalised’
Ø India-built ships to get priority moving impex cargo for PSUs
Ø MSI limits use of metals like lead, mercury in its models
Ø Ambuja Cement profit rises 54% to ₹537 crore on writeback of provisions
Ø Wipro Kawasaki to double hydraulic products capacity
Ø Glenmark gets USFDA nod for generic skin inflammation treatment foam
Ø RBI to inject ₹12,500-crore liquidity via OMOs on Thursday
Ø SBI Mutual Fund, 2 others buy shares worth₹1,322 crore in Emami
Ø Jaypee Infra lenders evaluate bids submitted by NBCC, Suraksha group
Ø Tata Steel sells indirect subsidiary Black Ginger
Ø Grasim to acquire chlor-alkali business of KPR Industries for Rs. 253 crore
Financial Express
Deccan Chronicle
Ø PNB set to post annual profit just a year after India’s biggest bank fraud
Ø Setback to Vedanta! SC refuses reopening of Sterlite’s plant, sets aside NGT order
Ø Government sets up panel to ease credit flow to water and sanitation sector
Ø Varun Beverages acquires PepsiCo franchise rights for South, West India
Ø Phase of stress in steel sector is over: Union Minister for Steel
Ø PFRDA hopes to reach 2.72 cr subscribers under APY, NPS by Mar-end: Contractor
Ø DHFL yet to decide on stake sale
Ø Banks expect liquidity to remain tight in Q4: Survey
By: via @AlliesFin Serve T.ME/ALLiESFiN
Business Standard
Ø CIC pulls up RBI for non-disclosure of DeMo records
Ø IOC signs $1.5 billion deal to buy US crude oil
Ø 63 Moons to file Rs 10K cr suit against Chidambaram
Ø Infosys settles case with Sebi, pays Rs 34 lakh
Ø L&T bags airport construction job worth over Rs 7,000 cr
Ø ArcelorMittal offers Rs 4,800 cr for Essar Mahan: PFC
Ø RBI to pay Rs 28,000 crore as interim dividend to govt
Ø Domestic aluminium firms differ on protective steps to curb rising imports
Ø Govt forms committee for sale of 'enemy shares' worth Rs 3,000 crore
Ø Emami promoters sell 10% stake to pare Group debt, pledged shares
Ø Piramal Realty puts off plans to float PE fund for commercial real estate
Business Line
Mint
Ø ‘Transaction price for REC-PFC merger being finalised’
Ø India-built ships to get priority moving impex cargo for PSUs
Ø MSI limits use of metals like lead, mercury in its models
Ø Ambuja Cement profit rises 54% to ₹537 crore on writeback of provisions
Ø Wipro Kawasaki to double hydraulic products capacity
Ø Glenmark gets USFDA nod for generic skin inflammation treatment foam
Ø RBI to inject ₹12,500-crore liquidity via OMOs on Thursday
Ø SBI Mutual Fund, 2 others buy shares worth₹1,322 crore in Emami
Ø Jaypee Infra lenders evaluate bids submitted by NBCC, Suraksha group
Ø Tata Steel sells indirect subsidiary Black Ginger
Ø Grasim to acquire chlor-alkali business of KPR Industries for Rs. 253 crore
Financial Express
Deccan Chronicle
Ø PNB set to post annual profit just a year after India’s biggest bank fraud
Ø Setback to Vedanta! SC refuses reopening of Sterlite’s plant, sets aside NGT order
Ø Government sets up panel to ease credit flow to water and sanitation sector
Ø Varun Beverages acquires PepsiCo franchise rights for South, West India
Ø Phase of stress in steel sector is over: Union Minister for Steel
Ø PFRDA hopes to reach 2.72 cr subscribers under APY, NPS by Mar-end: Contractor
Ø DHFL yet to decide on stake sale
Ø Banks expect liquidity to remain tight in Q4: Survey
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*SGX Nifty +20 pts (10675) from last trade 10655 ,*
Nikkei +2 pts ,
Hangseng +93 pts ,
Now @6.52am .
US MKT CLSD, Bovespa -1016 pts , Ftse -17 pts , Dax -0.60 pts , Cac +15 pts , Crude @ $55.88 brl (+0.29), Brent @ $66.50 brl (+0.00) , Gold @ 1329.50 (+7.40), Silver @ $15.785 (+0.04), Euro @ $1.1309, JPY @ $110.5600, INR @ 71.395
*Today's Corporate Action*
19th Feb Ex Date
None
*Today's Board Meetings*
Feb 19 IMEC Services Ltd, earnings for quarter ended December.
Feb 19 Linde India Ltd, earnings for quarter ended December and dividend.
Feb 19 Nitin Fire Protection Industries Ltd,
earnings for quarter ended December.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Nikkei +2 pts ,
Hangseng +93 pts ,
Now @6.52am .
US MKT CLSD, Bovespa -1016 pts , Ftse -17 pts , Dax -0.60 pts , Cac +15 pts , Crude @ $55.88 brl (+0.29), Brent @ $66.50 brl (+0.00) , Gold @ 1329.50 (+7.40), Silver @ $15.785 (+0.04), Euro @ $1.1309, JPY @ $110.5600, INR @ 71.395
*Today's Corporate Action*
19th Feb Ex Date
None
*Today's Board Meetings*
Feb 19 IMEC Services Ltd, earnings for quarter ended December.
Feb 19 Linde India Ltd, earnings for quarter ended December and dividend.
Feb 19 Nitin Fire Protection Industries Ltd,
earnings for quarter ended December.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Monday 18 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Business Standard :*
Ø Panel for reverting to old system of oil block auction
Ø Jet Airways likely to get over Rs 3,000 crore funds
Ø Gold imports dip 5% in April-January to $26.93 bn
Ø Voda Idea to sell mobile tower stake, optical fibre
Ø Disinvestment proceeds touch Rs 53,558 crore
Ø Anil Ambani Group reaches standstill pact with lenders
Ø RBI may impose penalty on YES Bank for info disclosure
Ø India's duty hike to hit cement, fruit imports from Pak the hardest: Report
Ø Jaitley to address RBI board on Monday, take a call on interim dividend
Ø Joblessness among educated up, stagnant for skilled, shows NSSO survey
Ø Revenue dept to set up committee to clamp down on bogus e-way bills
Ø IOC gets environmental nod for Telangana storage and distribution terminal
Business Line
*Mint :*
Ø FTIL tenders apology for taking₹31 cr from NSEL
Ø Govt eases green clearance norms for captive power plants
Ø Merger of firm as going-concern will not attract GST, rules AAR
Ø India’s coal import rises 5% to 190 MT in Apr-Jan
Ø Ad spend in India to beat world numbers, grow 14 per cent
Ø Malvinder files complaint against Shivinder, alleges cheating
Ø Buyback spree alive in India as PSU firms join tech companies
Ø Banks expect liquidity to remain tight in Q4: survey
Ø Theresa May to speak to every EU head in bid for Brexit deal changes
Ø Amazon's exit could scare off tech companies from New York
Financial Express
*Deccan Chronicle :*
Ø Not yet apprised of government’s decision on telecom ombudsman: TRAI to DoT
Ø First time in FY19, RBI becomes net buyer of dollars in December
Ø Kellogg’s seeks stake in Haldiram’s; to invest around Rs 2,500 crore
Ø Liquidity issues, Aadhaar ban roil NBFCs, micro-credit plunge 15 pc in Q3
Ø Steel minister to inaugurate SAIL's new Bihar unit on Monday
Ø FIEO suggests series of measures to boost exports
Ø ‘India Size' garments may hit the shelves soon
Ø India's packaging industry to touch USD 72.6 bn by FY20: ASSOCHAM-EY study
Ø Reddys eye 4-fold returns on Apollo Munich shares
By: via @AlliesFin Serve T.ME/ALLiESFiN
Ø Panel for reverting to old system of oil block auction
Ø Jet Airways likely to get over Rs 3,000 crore funds
Ø Gold imports dip 5% in April-January to $26.93 bn
Ø Voda Idea to sell mobile tower stake, optical fibre
Ø Disinvestment proceeds touch Rs 53,558 crore
Ø Anil Ambani Group reaches standstill pact with lenders
Ø RBI may impose penalty on YES Bank for info disclosure
Ø India's duty hike to hit cement, fruit imports from Pak the hardest: Report
Ø Jaitley to address RBI board on Monday, take a call on interim dividend
Ø Joblessness among educated up, stagnant for skilled, shows NSSO survey
Ø Revenue dept to set up committee to clamp down on bogus e-way bills
Ø IOC gets environmental nod for Telangana storage and distribution terminal
Business Line
*Mint :*
Ø FTIL tenders apology for taking₹31 cr from NSEL
Ø Govt eases green clearance norms for captive power plants
Ø Merger of firm as going-concern will not attract GST, rules AAR
Ø India’s coal import rises 5% to 190 MT in Apr-Jan
Ø Ad spend in India to beat world numbers, grow 14 per cent
Ø Malvinder files complaint against Shivinder, alleges cheating
Ø Buyback spree alive in India as PSU firms join tech companies
Ø Banks expect liquidity to remain tight in Q4: survey
Ø Theresa May to speak to every EU head in bid for Brexit deal changes
Ø Amazon's exit could scare off tech companies from New York
Financial Express
*Deccan Chronicle :*
Ø Not yet apprised of government’s decision on telecom ombudsman: TRAI to DoT
Ø First time in FY19, RBI becomes net buyer of dollars in December
Ø Kellogg’s seeks stake in Haldiram’s; to invest around Rs 2,500 crore
Ø Liquidity issues, Aadhaar ban roil NBFCs, micro-credit plunge 15 pc in Q3
Ø Steel minister to inaugurate SAIL's new Bihar unit on Monday
Ø FIEO suggests series of measures to boost exports
Ø ‘India Size' garments may hit the shelves soon
Ø India's packaging industry to touch USD 72.6 bn by FY20: ASSOCHAM-EY study
Ø Reddys eye 4-fold returns on Apollo Munich shares
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Mkt. Updates :*
*SGX Nifty +18 pts (10768) from last trade 10750 ,*
Nikkei +318 pts ,
Hangseng +286 pts ,
Now @6.52am .
Dow +443.86 pts ,Nsdq +45.46 pts , S&P +29.87 pts , Bovespa -489 pts , Ftse +39 pts , Dax +210 pts , Cac +90 pts , Crude @ $55.92 brl (+0.33), Brent @ $66.53 brl (+0.28) , Gold @ 1324.00 (+1.90), Silver @ $15.75 (+0.00), Euro @ $1.1295, JPY @ $110.5000, INR @ 71.335
*US GOVT. 10-YEAR YIELD : 2.66%*
*Today's Corporate Action 18th Feb Ex Date :*
ACGL
Interim Dividend - Rs. - 5.0000
HGS
Interim Dividend - Rs. - 2.5000
HIL
Interim Dividend - Rs. - 12.5000
ISGEC
Interim Dividend - Rs. - 5.0000
NHPC
Interim Dividend - Rs. - 0.7100
SJVN
Interim Dividend - Rs. - 1.5000
TCI
Interim Dividend - Rs. - 1.0000
VIPIND
Interim Dividend - Rs. - 1.2000
*Today's Board Meetings :*
Feb 18 Ambuja Cements Ltd, earnings for quarter ended December and dividend.
Feb 18 Huhtamaki Ppl Ltd, earnings for quarter ended December and dividend.
Feb 18 Mcnally Bharat Engineering Co Ltd, earnings for quarter ended December.
*Today's Data Alert :*
Feb 18 : Tata Motors press conference. Electric Mobility Business and Corporate
Strategy President Chandra to address select media roundtable. 1500 IST, Mumbai.
By: via @AlliesFin Serve T.ME/ALLiESFiN
*SGX Nifty +18 pts (10768) from last trade 10750 ,*
Nikkei +318 pts ,
Hangseng +286 pts ,
Now @6.52am .
Dow +443.86 pts ,Nsdq +45.46 pts , S&P +29.87 pts , Bovespa -489 pts , Ftse +39 pts , Dax +210 pts , Cac +90 pts , Crude @ $55.92 brl (+0.33), Brent @ $66.53 brl (+0.28) , Gold @ 1324.00 (+1.90), Silver @ $15.75 (+0.00), Euro @ $1.1295, JPY @ $110.5000, INR @ 71.335
*US GOVT. 10-YEAR YIELD : 2.66%*
*Today's Corporate Action 18th Feb Ex Date :*
ACGL
Interim Dividend - Rs. - 5.0000
HGS
Interim Dividend - Rs. - 2.5000
HIL
Interim Dividend - Rs. - 12.5000
ISGEC
Interim Dividend - Rs. - 5.0000
NHPC
Interim Dividend - Rs. - 0.7100
SJVN
Interim Dividend - Rs. - 1.5000
TCI
Interim Dividend - Rs. - 1.0000
VIPIND
Interim Dividend - Rs. - 1.2000
*Today's Board Meetings :*
Feb 18 Ambuja Cements Ltd, earnings for quarter ended December and dividend.
Feb 18 Huhtamaki Ppl Ltd, earnings for quarter ended December and dividend.
Feb 18 Mcnally Bharat Engineering Co Ltd, earnings for quarter ended December.
*Today's Data Alert :*
Feb 18 : Tata Motors press conference. Electric Mobility Business and Corporate
Strategy President Chandra to address select media roundtable. 1500 IST, Mumbai.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Saturday 16 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
Prov Figs as on 15-Feb-'19 (in Crs)
FII/FPI : -966.43 (4947.3 - 5913.73)
DII : +853.25 (4220.15 - 3366.9)
FII F&O As On 15-Feb-2019 (in Crs)
Net SELL : -1114
INDEX FUTURES : -1055
INDEX OPTIONS : -618
STOCK FUTURES : +131
STOCK OPTIONS : +427
By: via @AlliesFin Serve T.ME/ALLiESFiN
FII/FPI : -966.43 (4947.3 - 5913.73)
DII : +853.25 (4220.15 - 3366.9)
FII F&O As On 15-Feb-2019 (in Crs)
Net SELL : -1114
INDEX FUTURES : -1055
INDEX OPTIONS : -618
STOCK FUTURES : +131
STOCK OPTIONS : +427
By: via @AlliesFin Serve T.ME/ALLiESFiN
Friday 15 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
#STOCKLENDING @ALLIESFIN
TODAYS HOT OFFER ALLAHABAD BANK @ RS 8 PER SHARE TRADED AT NSE.
AT RS 8 PER SHARE TRANSLATES FOR 348% ANNUALISED YIELD
ITS ADDITIONAL EARNINGS ON IDLE SHARES.
By: via @AlliesFin Serve T.ME/ALLiESFiN
TODAYS HOT OFFER ALLAHABAD BANK @ RS 8 PER SHARE TRADED AT NSE.
AT RS 8 PER SHARE TRANSLATES FOR 348% ANNUALISED YIELD
ITS ADDITIONAL EARNINGS ON IDLE SHARES.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
#STOCKLENDING @ALLIESFIN
ICICI BHARAT 22 ETF LENDING OFFER @ 0.43 PAISA PER SHARE/UNIT.
START LENDING AND EARNING IN STKS LYING IDLE IN YOUR PORTFLIO.
By: via @AlliesFin Serve T.ME/ALLiESFiN
ICICI BHARAT 22 ETF LENDING OFFER @ 0.43 PAISA PER SHARE/UNIT.
START LENDING AND EARNING IN STKS LYING IDLE IN YOUR PORTFLIO.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
OPEN UP YOUR SAVINGS BOX FOR THE PEOPLE WHO SAVE THE COUNTRY :
DIRECT DONATIONS TO THIS BHARAT KE VEER : BRAVEHEARTS.
https://bharatkeveer.gov.in/viewMartyrsGalleryPage
Earmarked View by T.me/AlliesFin
By: via @AlliesFin Serve T.ME/ALLiESFiN
DIRECT DONATIONS TO THIS BHARAT KE VEER : BRAVEHEARTS.
https://bharatkeveer.gov.in/viewMartyrsGalleryPage
Earmarked View by T.me/AlliesFin
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
@ALLIESFIN : DRREDDY HITS 52 WK LOW OF 1872, YESTERDAYS CLOSE 2667.
By: via @AlliesFin Serve T.ME/ALLiESFiN
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Market Updates :*
*Sgx Nifty +4 pts*
Dow -103.88 pts ,Nsdq +6.58 pts , S&P -7.30 pts , Bovespa +2172 pts , Ftse +6 pts , Dax -77 pts , Cac -11 pts , Nikkei -220 pts now , Crude @ $54.54 brl (+0.13), Brent @ $64.57 brl (+0.00) , Gold @ 1315.50 (+1.60), Silver @ $15.585 (+0.05), Euro @ $1.1291, JPY @ $110.5200, INR @ 71.018
*US GOVT. 10-YEAR YIELD : 2.65%*
*Today's Corporate Action 15th Feb Ex Date :*
ALICON
Interim Dividend - Rs. - 2.0000
ALKEM
Interim Dividend - Rs. - 8.0000
ALLCARGO
Interim Dividend - Rs. - 2.0000
ALLCARGO
Special Dividend - Rs. - 1.5000
AUROPHARMA
Interim Dividend - Rs. - 1.2500
BALKRISIND
Interim Dividend - Rs. - 2.0000
CONTROLPR
Interim Dividend - Rs. - 3.0000
CUMMINSIND
Interim Dividend - Rs. - 7.0000
ENGINERSIN
Interim Dividend - Rs. - 3.2500
GILLETTE
Interim Dividend - Rs. - 19.0000
IRCON
Interim Dividend - Rs. - 10.7200
IWP
Bonus issue 1:1
IWP
Stock Split From Rs.10/- to Rs.2/-
KIRLFER
Interim Dividend - Rs. - 1.0000
MANAPPURAM
Interim Dividend - Rs. - 0.5500
MINDAIND
Interim Dividend - Rs. - 0.4500
MRF
Interim Dividend - Rs. - 3.0000
PGHH
Interim Dividend - Rs. - 40.0000
RANEHOLDIN
Interim Dividend - Rs. - 8.0000
SUNTV
Interim Dividend - Rs. - 2.5000
TCIEXP
Interim Dividend - Rs. - 1.2000
WHEELS
Interim Dividend - Rs. - 3.2500
*Today's Board Meetings :*
Feb 15 Amtek Auto Ltd, earnings for quarter ended December.
Feb 15 Garg Furnace Ltd, earnings for quarter ended December.
Feb 15 Integrated Technologies Ltd, earnings for quarter ended December.
Feb 15 TRF Ltd, to consider proposal of raising of funds issue through right issue.
Feb 15 VCU Data Management Ltd, earnings for quarter ended December.
*Today's Data Alert :*
Feb 15 : Junior Farm Minister Rupala to address a round table conference on
Supporting Farmers with Quality Crop Protection Products. Dhanuka
Agritech Ltd Chairman Agarwal to be present. 1030 IST, Delhi.
Feb 15 : WMA and forex reserves as on Feb 1, by RBI
Feb 15 : BOND AUCTION: RBI to auction 20 bln rupees worth of 7.00%, 2021 bond,
20 bln rupees worth of 8.24%, 2027 bond, 30 bln rupees worth of 7.95%, 2032 bond, 20 bln rupees worth of 7.40%, 2035 bond and 30 bln rupees worth of 7.72%, 2055 bond.
*Today's Global Data :*
Feb 15: US Federal Discount Window Borrowings; 0300 IST
Feb 15: US money stock measures; 0300 IST
Feb 15: US foreign central bank holdings; 0300 IST
Feb 15: Japan revised industrial production data; 1000 IST
Feb 15: Eurozone Jan new passenger car registrations in Europe statistics; 1230 IST
Feb 15: UK Jan retail sales figures; 1500 IST
Feb 15: Eurozone Dec foreign trade data; 1530 IST
Feb 15: UK Chatham House event; 1830 IST
Feb 15: US Jan import and export price indexes; 1900 IST
Feb 15: US Feb Empire State Manufacturing Survey; 1900 IST
Feb 15: US Jan industrial production and capacity utilization data; 1945 IST
Feb 15: US Feb University of Michigan Survey of Consumers-preliminary estimate; 2030 IST
By: via @AlliesFin Serve T.ME/ALLiESFiN
*Sgx Nifty +4 pts*
Dow -103.88 pts ,Nsdq +6.58 pts , S&P -7.30 pts , Bovespa +2172 pts , Ftse +6 pts , Dax -77 pts , Cac -11 pts , Nikkei -220 pts now , Crude @ $54.54 brl (+0.13), Brent @ $64.57 brl (+0.00) , Gold @ 1315.50 (+1.60), Silver @ $15.585 (+0.05), Euro @ $1.1291, JPY @ $110.5200, INR @ 71.018
*US GOVT. 10-YEAR YIELD : 2.65%*
*Today's Corporate Action 15th Feb Ex Date :*
ALICON
Interim Dividend - Rs. - 2.0000
ALKEM
Interim Dividend - Rs. - 8.0000
ALLCARGO
Interim Dividend - Rs. - 2.0000
ALLCARGO
Special Dividend - Rs. - 1.5000
AUROPHARMA
Interim Dividend - Rs. - 1.2500
BALKRISIND
Interim Dividend - Rs. - 2.0000
CONTROLPR
Interim Dividend - Rs. - 3.0000
CUMMINSIND
Interim Dividend - Rs. - 7.0000
ENGINERSIN
Interim Dividend - Rs. - 3.2500
GILLETTE
Interim Dividend - Rs. - 19.0000
IRCON
Interim Dividend - Rs. - 10.7200
IWP
Bonus issue 1:1
IWP
Stock Split From Rs.10/- to Rs.2/-
KIRLFER
Interim Dividend - Rs. - 1.0000
MANAPPURAM
Interim Dividend - Rs. - 0.5500
MINDAIND
Interim Dividend - Rs. - 0.4500
MRF
Interim Dividend - Rs. - 3.0000
PGHH
Interim Dividend - Rs. - 40.0000
RANEHOLDIN
Interim Dividend - Rs. - 8.0000
SUNTV
Interim Dividend - Rs. - 2.5000
TCIEXP
Interim Dividend - Rs. - 1.2000
WHEELS
Interim Dividend - Rs. - 3.2500
*Today's Board Meetings :*
Feb 15 Amtek Auto Ltd, earnings for quarter ended December.
Feb 15 Garg Furnace Ltd, earnings for quarter ended December.
Feb 15 Integrated Technologies Ltd, earnings for quarter ended December.
Feb 15 TRF Ltd, to consider proposal of raising of funds issue through right issue.
Feb 15 VCU Data Management Ltd, earnings for quarter ended December.
*Today's Data Alert :*
Feb 15 : Junior Farm Minister Rupala to address a round table conference on
Supporting Farmers with Quality Crop Protection Products. Dhanuka
Agritech Ltd Chairman Agarwal to be present. 1030 IST, Delhi.
Feb 15 : WMA and forex reserves as on Feb 1, by RBI
Feb 15 : BOND AUCTION: RBI to auction 20 bln rupees worth of 7.00%, 2021 bond,
20 bln rupees worth of 8.24%, 2027 bond, 30 bln rupees worth of 7.95%, 2032 bond, 20 bln rupees worth of 7.40%, 2035 bond and 30 bln rupees worth of 7.72%, 2055 bond.
*Today's Global Data :*
Feb 15: US Federal Discount Window Borrowings; 0300 IST
Feb 15: US money stock measures; 0300 IST
Feb 15: US foreign central bank holdings; 0300 IST
Feb 15: Japan revised industrial production data; 1000 IST
Feb 15: Eurozone Jan new passenger car registrations in Europe statistics; 1230 IST
Feb 15: UK Jan retail sales figures; 1500 IST
Feb 15: Eurozone Dec foreign trade data; 1530 IST
Feb 15: UK Chatham House event; 1830 IST
Feb 15: US Jan import and export price indexes; 1900 IST
Feb 15: US Feb Empire State Manufacturing Survey; 1900 IST
Feb 15: US Jan industrial production and capacity utilization data; 1945 IST
Feb 15: US Feb University of Michigan Survey of Consumers-preliminary estimate; 2030 IST
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Business Standard :*
Ø Jet Airways approves lenders' rescue deal
Ø Growth likely to reach 7.5% next fiscal: CEA
Ø Indo-US talks: Jobs, tech transfer top agenda
Ø RCom to repay NCD holders only via NCLT
Ø Govt hikes minimum selling price of sugar by Rs 2/kg
Ø DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue
Ø UK parliament defeats May again in Brexit vote
Ø RBI governor Shaktikanta Das rules out asset quality review of NBFCs
Ø Bharat 22 ETF's additional offering subscribed over ten times: Govt
Ø Expert committee suggests Rs 9,750 a month as national minimum wage
Ø Oil at new high in CY19 on US-China trade optimism, Opec output cuts
Ø Nestle India Q4 net profit rises 9.6% to Rs 341.76 crore; sales up 11.2%
Business Line
*Mint :*
Ø India on the verge of significant data centre expansio
Ø ‘Revenues of auto parts cos to grow 12% over four years’
Ø Banks come up with rescue package for Jet
Ø India, EU to jointly develop water technologies
Ø McLeod Russel’s net profit drops 24% in Q3
Ø Solar power tariffs will be lower than₹2.30/unit by 2030
Ø Paytm pledges all its assets to borrow₹1,400 crore from ICICI Bank
Ø Bata India sprints as margin expansion springs a surprise in Q3
Ø Mahindra lost out on the SUV growth opportunity: Pawan Goenka
Ø Glenmark Q3 net profit up 11% to Rs. 116.34 crore
Ø Petronet signs initial deal to invest, buy LNG from Tellurian
Financial Express
*Deccan Chronicle :*
Ø Ashok Leyland net drops 21 per cent at Rs 381 crore in Q3
Ø Q3 Results: ONGC profit up 65 per cent on higher realisation
Ø Essar Steel: NCLT reserves orders on pleas related to ArcelorMittal plan
Ø Banking health: Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3
Ø Doubts over govt data prompt call for independent verifier
Ø I-T releases Coffee Day shares
Ø PNB to e-auction 4,000 properties to reclaim loans
Ø Larsen & Toubro lnfotech to acquire Germany's Nielsen+Partner for EUR 28
By: via @AlliesFin Serve T.ME/ALLiESFiN
Ø Jet Airways approves lenders' rescue deal
Ø Growth likely to reach 7.5% next fiscal: CEA
Ø Indo-US talks: Jobs, tech transfer top agenda
Ø RCom to repay NCD holders only via NCLT
Ø Govt hikes minimum selling price of sugar by Rs 2/kg
Ø DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue
Ø UK parliament defeats May again in Brexit vote
Ø RBI governor Shaktikanta Das rules out asset quality review of NBFCs
Ø Bharat 22 ETF's additional offering subscribed over ten times: Govt
Ø Expert committee suggests Rs 9,750 a month as national minimum wage
Ø Oil at new high in CY19 on US-China trade optimism, Opec output cuts
Ø Nestle India Q4 net profit rises 9.6% to Rs 341.76 crore; sales up 11.2%
Business Line
*Mint :*
Ø India on the verge of significant data centre expansio
Ø ‘Revenues of auto parts cos to grow 12% over four years’
Ø Banks come up with rescue package for Jet
Ø India, EU to jointly develop water technologies
Ø McLeod Russel’s net profit drops 24% in Q3
Ø Solar power tariffs will be lower than₹2.30/unit by 2030
Ø Paytm pledges all its assets to borrow₹1,400 crore from ICICI Bank
Ø Bata India sprints as margin expansion springs a surprise in Q3
Ø Mahindra lost out on the SUV growth opportunity: Pawan Goenka
Ø Glenmark Q3 net profit up 11% to Rs. 116.34 crore
Ø Petronet signs initial deal to invest, buy LNG from Tellurian
Financial Express
*Deccan Chronicle :*
Ø Ashok Leyland net drops 21 per cent at Rs 381 crore in Q3
Ø Q3 Results: ONGC profit up 65 per cent on higher realisation
Ø Essar Steel: NCLT reserves orders on pleas related to ArcelorMittal plan
Ø Banking health: Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3
Ø Doubts over govt data prompt call for independent verifier
Ø I-T releases Coffee Day shares
Ø PNB to e-auction 4,000 properties to reclaim loans
Ø Larsen & Toubro lnfotech to acquire Germany's Nielsen+Partner for EUR 28
By: via @AlliesFin Serve T.ME/ALLiESFiN
Thursday 14 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
14/2/2019
BSE:-157(35876)
NSE:-47(10746)
MID:+72(14107)
SML:+23(13363)
Fll|FPI:-250Cr
DlI:+1225Cr
B.Crude$:64
Gold$:1306=INR:32953
Silver:39438
Rs/$: 71.16
New 7.17 2028 G-Sec: 7.52
NSE PE: 26.58
By: via @AlliesFin Serve T.ME/ALLiESFiN
BSE:-157(35876)
NSE:-47(10746)
MID:+72(14107)
SML:+23(13363)
Fll|FPI:-250Cr
DlI:+1225Cr
B.Crude$:64
Gold$:1306=INR:32953
Silver:39438
Rs/$: 71.16
New 7.17 2028 G-Sec: 7.52
NSE PE: 26.58
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
@ALLIESFIN : TODAY IS 1ST WEEKLY EXPIRY FOR NIFTY WEEKLY OPTIONS.
By: via @AlliesFin Serve T.ME/ALLiESFiN
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Mkt. Updates :*
*SGX Nifty -23 pts (10789) from last trade 10803 ,*
Nikkei +36 pts ,
Hangseng -101 pts ,
Now @6.56am .
Dow +117.51 pts ,Nsdq +5.76 pts , S&P +8.30 pts , Bovespa -326 pts , Ftse +57 pts , Dax +41 pts , Cac +17 pts , Crude @ $50.00 brl (+0.10), Brent @ $63.61 brl (+0.00) , Gold @ 1310.50 (-4.60), Silver @ $15.665 (-0.08), Euro @ $1.1264, JPY @ $110.9600, INR @ 70.875
*US GOVT. 10-YEAR YIELD : 2.70%*
*Today's Corporate Action 14th Feb Ex Date :*
BALRAMCHIN
Interim Dividend - Rs. - 2.5000
CENTUM
Interim Dividend - Rs. - 1.0000
CESC
Interim Dividend - Rs. - 17.5000
COALINDIA
Buy Back of Shares
HINDPETRO
Interim Dividend - Rs. - 6.5000
HITECHGEAR
Interim Dividend - Rs. - 1.5000
IEX
Buy Back of Shares
MOIL
Interim Dividend - Rs. - 3.0000
SINGER
Interim Dividend - Rs. - 0.4000
SUVEN
Interim Dividend - Rs. - 1.5000
SYMPHONY
Interim Dividend - Rs. - 1.0000
TIFHL
Interim Dividend - Rs. - 0.6000
TIINDIA
Interim Dividend - Rs. - 1.7500
*Today's Key Result NET PROFIT ESTIMATES 14th Feb :*
Ongc ( 7332 Cr +46 % Yoy Res After Mkt)
Ashok Leyland ( 303 Cr -32 % Yoy)
Glenmark ( Cons 232 Cr +122% Yoy )
GMR Infra ( Cons 208 Cr LOSS)
Page Inds (99 Cr +19% Yoy)
Voltas ( Cons 104 Cr +5% Yoy)
United Brew ( 89 Cr +88% Yoy)
Source Cogencis
*Today's Data Alert :*
Feb 14 : WPI for Jan, by commerce and industry ministry. 1200 IST.
Feb 14 : Water level in major reservoirs as of Feb 14, by CWC.
Feb 14 : M&M to launch compact SUV XUV 300. Chairman Anand Mahindra, MD Goenka, Automotive Sector President Wadhera to be present at press conference. 1200 IST, Mumbai.
By: via @AlliesFin Serve T.ME/ALLiESFiN
*SGX Nifty -23 pts (10789) from last trade 10803 ,*
Nikkei +36 pts ,
Hangseng -101 pts ,
Now @6.56am .
Dow +117.51 pts ,Nsdq +5.76 pts , S&P +8.30 pts , Bovespa -326 pts , Ftse +57 pts , Dax +41 pts , Cac +17 pts , Crude @ $50.00 brl (+0.10), Brent @ $63.61 brl (+0.00) , Gold @ 1310.50 (-4.60), Silver @ $15.665 (-0.08), Euro @ $1.1264, JPY @ $110.9600, INR @ 70.875
*US GOVT. 10-YEAR YIELD : 2.70%*
*Today's Corporate Action 14th Feb Ex Date :*
BALRAMCHIN
Interim Dividend - Rs. - 2.5000
CENTUM
Interim Dividend - Rs. - 1.0000
CESC
Interim Dividend - Rs. - 17.5000
COALINDIA
Buy Back of Shares
HINDPETRO
Interim Dividend - Rs. - 6.5000
HITECHGEAR
Interim Dividend - Rs. - 1.5000
IEX
Buy Back of Shares
MOIL
Interim Dividend - Rs. - 3.0000
SINGER
Interim Dividend - Rs. - 0.4000
SUVEN
Interim Dividend - Rs. - 1.5000
SYMPHONY
Interim Dividend - Rs. - 1.0000
TIFHL
Interim Dividend - Rs. - 0.6000
TIINDIA
Interim Dividend - Rs. - 1.7500
*Today's Key Result NET PROFIT ESTIMATES 14th Feb :*
Ongc ( 7332 Cr +46 % Yoy Res After Mkt)
Ashok Leyland ( 303 Cr -32 % Yoy)
Glenmark ( Cons 232 Cr +122% Yoy )
GMR Infra ( Cons 208 Cr LOSS)
Page Inds (99 Cr +19% Yoy)
Voltas ( Cons 104 Cr +5% Yoy)
United Brew ( 89 Cr +88% Yoy)
Source Cogencis
*Today's Data Alert :*
Feb 14 : WPI for Jan, by commerce and industry ministry. 1200 IST.
Feb 14 : Water level in major reservoirs as of Feb 14, by CWC.
Feb 14 : M&M to launch compact SUV XUV 300. Chairman Anand Mahindra, MD Goenka, Automotive Sector President Wadhera to be present at press conference. 1200 IST, Mumbai.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Wednesday 13 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
-Car sales down, Ola/Uber rising
-Restaurants closing, food delivery increasing
-Traders struggling, market places thriving
-Demand down but consumption up
*Economy is not struggling, business models are changing. India is in transition.*
By: via @AlliesFin Serve T.ME/ALLiESFiN
-Restaurants closing, food delivery increasing
-Traders struggling, market places thriving
-Demand down but consumption up
*Economy is not struggling, business models are changing. India is in transition.*
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
#STOCKLENDING OFFERS @ALLiESFiN
TODAY'S STOCKLENDING OFFERS UPDATED ON :
https://t.me/AlliesFin/6537
Contact,
https://T.me/AxitDShah
Mob : +919869958999
By: via @AlliesFin Serve T.ME/ALLiESFiN
TODAY'S STOCKLENDING OFFERS UPDATED ON :
https://t.me/AlliesFin/6537
OPEN STOCK LENDING ACCOUNT AND GET AUTOMATIC UPDATES FOR STOCKS LYING IDLE IN YOUR DEMAT.To Generate Additional income via Stock Lending,
Contact,
https://T.me/AxitDShah
Mob : +919869958999
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
#STOCKLENDING @AlliesFin
SLB MAR'19 :
AJANTAPH 8,
ALBK 3,
BATA 4,
BEL 0.25,
BHARATFORG 0.45,
CHOLAFIN 2.10,
DCBBANK 0.40,
EICHERMOT 20,
HEG 21.50,
ICICIB22 0.40,
IDEA 1,
INFIBEAM 1.10,
IOC 0.25,
JETAIRWAY 2,
KSCL 2.10,
LT 0.50,
NATIONALUM 0.25,
NTPC 0.30,
OIL 0.60,
ONGC 0.30,
PCJEW 2.50,
PEL 4.50,
POWERGRID 0.50,
TVSMOT 1,
UJJIVN 1.40
Contact,
https://T.me/AxitDShah
Mob : +919869958999
By: via @AlliesFin Serve T.ME/ALLiESFiN
SLB MAR'19 :
AJANTAPH 8,
ALBK 3,
BATA 4,
BEL 0.25,
BHARATFORG 0.45,
CHOLAFIN 2.10,
DCBBANK 0.40,
EICHERMOT 20,
HEG 21.50,
ICICIB22 0.40,
IDEA 1,
INFIBEAM 1.10,
IOC 0.25,
JETAIRWAY 2,
KSCL 2.10,
LT 0.50,
NATIONALUM 0.25,
NTPC 0.30,
OIL 0.60,
ONGC 0.30,
PCJEW 2.50,
PEL 4.50,
POWERGRID 0.50,
TVSMOT 1,
UJJIVN 1.40
OPEN STOCK LENDING ACCOUNT AND GET AUTOMATIC UPDATES FOR STOCKS LYING IDLE IN YOUR DEMAT.To Generate Additional income via Stock Lending,
Contact,
https://T.me/AxitDShah
Mob : +919869958999
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Economic Times
Business Standard
Ø CPI falls, IIP up in double delight for govt
Ø RBI governor meets foreign investors in Hong Kong
Ø Trai allows consumers time till Mar 31 to select channels
Ø NCLAT adjourns RCom's plea for insolvency to March 6
Ø Coal India Q3 profit jumps 50% to Rs 4,567 crore
Ø Reliance Power asks Sebi to ban Edelweiss Group
Ø Sebi bars Ganga Sagar Foods & Beverages from raising funds from public
Ø IIP grows at 2.4% in December as compared to 7.3% in year-ago period
Ø Central thermal power plants top private IPPs, state utilities in PLF
Ø Govt brings single regulator Bill for intl financial services centres in RS
Ø OPEC revises down forecast for 2019 crude oil demand on global slowdown
Ø Govt to sell 100% stake in Air India ground handling arm, invites EoI
Business Line
Mint
Ø Fall in turmeric prices on low demand, higher crop
Ø Venezuela to seek oil payments in currencies other than the dollar
Ø US Development Fin Corp to make equity investments in private sector globally
Ø CAG raps I-T Dept for inability to widen tax base in realty sector
Ø JK Paper net up 72% on better market conditions
Ø Tata Motors Group global wholesales down 12% in January
Ø NPA under Mudra Yojana stands at ₹7,277 crore
Ø Indian conglomerate Lohia acquires Israel's Light & Strong
Ø OPEC sees weaker demand for its crude as US supply thrives
Ø India will not miss 5G opportunity, economic impact huge: Manoj Sinha
Financial Express
Deccan Chronicle
Ø Lok Sabha clears Interim Budget amid walkout by Opposition
Ø RBI slaps penalties on 7 banks for violation of norms
Ø CCI probes accusations that Google abused Android to block its rivals
Ø Reliance Home Finance Q3 net profit up 37% to Rs 55 crore
Ø Oil price, yield indiscipline, infra constraints pose major challenges: SpiceJet CMD
Ø Govt introduces bill in Rajya Sabha to amend Cinematograph Act
Ø New TV channel pricing could lead to MSO, LCO consolidation
By: via @AlliesFin Serve T.ME/ALLiESFiN
Business Standard
Ø CPI falls, IIP up in double delight for govt
Ø RBI governor meets foreign investors in Hong Kong
Ø Trai allows consumers time till Mar 31 to select channels
Ø NCLAT adjourns RCom's plea for insolvency to March 6
Ø Coal India Q3 profit jumps 50% to Rs 4,567 crore
Ø Reliance Power asks Sebi to ban Edelweiss Group
Ø Sebi bars Ganga Sagar Foods & Beverages from raising funds from public
Ø IIP grows at 2.4% in December as compared to 7.3% in year-ago period
Ø Central thermal power plants top private IPPs, state utilities in PLF
Ø Govt brings single regulator Bill for intl financial services centres in RS
Ø OPEC revises down forecast for 2019 crude oil demand on global slowdown
Ø Govt to sell 100% stake in Air India ground handling arm, invites EoI
Business Line
Mint
Ø Fall in turmeric prices on low demand, higher crop
Ø Venezuela to seek oil payments in currencies other than the dollar
Ø US Development Fin Corp to make equity investments in private sector globally
Ø CAG raps I-T Dept for inability to widen tax base in realty sector
Ø JK Paper net up 72% on better market conditions
Ø Tata Motors Group global wholesales down 12% in January
Ø NPA under Mudra Yojana stands at ₹7,277 crore
Ø Indian conglomerate Lohia acquires Israel's Light & Strong
Ø OPEC sees weaker demand for its crude as US supply thrives
Ø India will not miss 5G opportunity, economic impact huge: Manoj Sinha
Financial Express
Deccan Chronicle
Ø Lok Sabha clears Interim Budget amid walkout by Opposition
Ø RBI slaps penalties on 7 banks for violation of norms
Ø CCI probes accusations that Google abused Android to block its rivals
Ø Reliance Home Finance Q3 net profit up 37% to Rs 55 crore
Ø Oil price, yield indiscipline, infra constraints pose major challenges: SpiceJet CMD
Ø Govt introduces bill in Rajya Sabha to amend Cinematograph Act
Ø New TV channel pricing could lead to MSO, LCO consolidation
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Market Update:
Sgx Nifty +24 pts
Dow +372.65 pts ,Nsdq +106.71 pts , S&P +34.93 pts , Bovespa +1755 pts , Ftse +4 pts , Dax +111 pts , Cac +41 pts , Nikkei +249 pts now , Crude @ $53.43 brl (+0.33), Brent @ $62.61 brl (+1.10) , Gold @ 1314.60 (+0.60), Silver @ $15.695 (+0.00), Euro @ $1.1331, JPY @ $110.5200, INR @ 70.536
Today's Corporate Action
13th Feb Ex Date
GREAVESCOT
Interim Dividend - Rs. - 4.0000
HIKAL
Interim Dividend - Rs. - 0.6000
NFL
Interim Dividend - Rs. - 1.0900
SUKHJITS
Interim Dividend - Rs. - 7.5000
Today's Key Result
NET PROFIT ESTIMATES
13th Feb
Bosch ( 303 Cr +8% Yoy)
Bharat Forge ( 254 Cr +11% Yoy )
NBCC ( Cons 78 Cr -+16 % Yoy )
OFSS ( Cons 361 Cr +25% Yoy )
Rel Capital ( 254 Cr -19% Yoy)
Source Cogencis
Today's Data Alert
Feb 13 : Rainfall for week to Feb 6, by IMD.
Feb 13 : Money supply as on Feb 1, by RBI.
Feb 13 : RBI to auction 91-day T-bills worth 40 bln rupees, 182-day T-bills worth 30 bln rupees and 364-day T-bills worth 30 bln rupees.
Today's Global Data
Feb 13: US American Petroleum Institute's statistical bulleting for the week ended Feb 8; 0300 IST
Feb 13: US Federal Reserve Bank of Cleveland President Loretta Mester to speak at the Xavier University and Financial Executives International-Cincinnati Chapter meeting; 0500 IST
Feb 13: Japan Jan corporate goods price index; 0520 IST
Feb 13: UK Delivering Effective Financial Management across the NHS event
Feb 13: UK NATE Primary Matters Annual Conference
Feb 13: UK CMA deadline for eBay / Motors.co.uk merger inquiry decision
Feb 13: Meeting of European Union finance ministers
Feb 13: UK Jan Scottish retail sales monitor; 0531 IST
Feb 13: UK Jan producer prices; 1500 IST
Feb 13: UK Dec house price index; 1500 IST
Feb 13: UK Jan inflation figures; 1500 IST
Feb 13: UK Brexit and CCPs evidence session; 1530 IST
Feb 13: UK 'Post-Brexit carbon pricing' evidence session; 1530 IST
Feb 13: Eurozone Dec industrial production data; 1530 IST
Feb 13: US Mortgage Bankers' Association Mortgage Applications Survey for the week ended Feb 9; 1730 IST
Feb 13: US Jan real earnings; 1900 IST
Feb 13: US Jan consumer price index-based inflation data; 1900 IST
Feb 13: US Federal Reserve Bank of Cleveland President Loretta Mester to speak at University of Kentucky Gatton College of Business and Economics' Economic Outlook conference; 1920 IST
Feb 13: US Energy Information Administration petroleum status report for the week ended Feb 9; 2100 IST
Feb 13: US Federal Reserve Bank of Philadelphia President Patrick Harker to speak at the Jewish Business Network's Power Lunch; 2230 IST
Feb 14: US Dec Treasury Statement of Receipts and outlays of the US government. The release was delayed from 11 Jan, due to the partial shutdown of the US federal government which ended 25 Jan; 0030 IST
By: via @AlliesFin Serve T.ME/ALLiESFiN
Sgx Nifty +24 pts
Dow +372.65 pts ,Nsdq +106.71 pts , S&P +34.93 pts , Bovespa +1755 pts , Ftse +4 pts , Dax +111 pts , Cac +41 pts , Nikkei +249 pts now , Crude @ $53.43 brl (+0.33), Brent @ $62.61 brl (+1.10) , Gold @ 1314.60 (+0.60), Silver @ $15.695 (+0.00), Euro @ $1.1331, JPY @ $110.5200, INR @ 70.536
Today's Corporate Action
13th Feb Ex Date
GREAVESCOT
Interim Dividend - Rs. - 4.0000
HIKAL
Interim Dividend - Rs. - 0.6000
NFL
Interim Dividend - Rs. - 1.0900
SUKHJITS
Interim Dividend - Rs. - 7.5000
Today's Key Result
NET PROFIT ESTIMATES
13th Feb
Bosch ( 303 Cr +8% Yoy)
Bharat Forge ( 254 Cr +11% Yoy )
NBCC ( Cons 78 Cr -+16 % Yoy )
OFSS ( Cons 361 Cr +25% Yoy )
Rel Capital ( 254 Cr -19% Yoy)
Source Cogencis
Today's Data Alert
Feb 13 : Rainfall for week to Feb 6, by IMD.
Feb 13 : Money supply as on Feb 1, by RBI.
Feb 13 : RBI to auction 91-day T-bills worth 40 bln rupees, 182-day T-bills worth 30 bln rupees and 364-day T-bills worth 30 bln rupees.
Today's Global Data
Feb 13: US American Petroleum Institute's statistical bulleting for the week ended Feb 8; 0300 IST
Feb 13: US Federal Reserve Bank of Cleveland President Loretta Mester to speak at the Xavier University and Financial Executives International-Cincinnati Chapter meeting; 0500 IST
Feb 13: Japan Jan corporate goods price index; 0520 IST
Feb 13: UK Delivering Effective Financial Management across the NHS event
Feb 13: UK NATE Primary Matters Annual Conference
Feb 13: UK CMA deadline for eBay / Motors.co.uk merger inquiry decision
Feb 13: Meeting of European Union finance ministers
Feb 13: UK Jan Scottish retail sales monitor; 0531 IST
Feb 13: UK Jan producer prices; 1500 IST
Feb 13: UK Dec house price index; 1500 IST
Feb 13: UK Jan inflation figures; 1500 IST
Feb 13: UK Brexit and CCPs evidence session; 1530 IST
Feb 13: UK 'Post-Brexit carbon pricing' evidence session; 1530 IST
Feb 13: Eurozone Dec industrial production data; 1530 IST
Feb 13: US Mortgage Bankers' Association Mortgage Applications Survey for the week ended Feb 9; 1730 IST
Feb 13: US Jan real earnings; 1900 IST
Feb 13: US Jan consumer price index-based inflation data; 1900 IST
Feb 13: US Federal Reserve Bank of Cleveland President Loretta Mester to speak at University of Kentucky Gatton College of Business and Economics' Economic Outlook conference; 1920 IST
Feb 13: US Energy Information Administration petroleum status report for the week ended Feb 9; 2100 IST
Feb 13: US Federal Reserve Bank of Philadelphia President Patrick Harker to speak at the Jewish Business Network's Power Lunch; 2230 IST
Feb 14: US Dec Treasury Statement of Receipts and outlays of the US government. The release was delayed from 11 Jan, due to the partial shutdown of the US federal government which ended 25 Jan; 0030 IST
By: via @AlliesFin Serve T.ME/ALLiESFiN
Tuesday 12 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
India December Industrial Growth 2.4 %, Market expected: 2.5 %
India Jan Combined Consumer Price Inflation 2.05 % vs 2.11 % in December
India December Infrastructure goods growth 10.1 % vs 6.5 %, Capital goods : 5.9 % vs 13.2 %, Consumer Durables: 2.9 % vs 2.1 %
India April - Dec Industrial growth at 4.6 % vs 3.7 % (YoY)
By: via @AlliesFin Serve T.ME/ALLiESFiN
India Jan Combined Consumer Price Inflation 2.05 % vs 2.11 % in December
India December Infrastructure goods growth 10.1 % vs 6.5 %, Capital goods : 5.9 % vs 13.2 %, Consumer Durables: 2.9 % vs 2.1 %
India April - Dec Industrial growth at 4.6 % vs 3.7 % (YoY)
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
RELIANCE + METAL STOCKS SHINNING IN MORNING SESSION LIFTING INDEX TO TRADE +VE.
By: via @AlliesFin Serve T.ME/ALLiESFiN
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Business Standard :*
Ø No-deal Brexit 'could cost 600,000 jobs worldwide': Study
Ø SUUTI to sell up to 3% stake in Axis Bank via OFS
Ø 22 IL&FS group firms allowed to service debt obligations
Ø EPFO likely to retain interest rate at 8.55% for FY19
Ø Govt not looking at any other proposal for PSB merger
Ø Venezuela oil czar courts India after $20 bn hit from US
Ø India's farm exports down 46% by volume, over 50% by value in Apr-Dec 2018
Ø 23,779 hectares of SEZ development land lying vacant: Suresh Prabhu
Ø Sebi relaxes norms for non-residents to transfer shares to relatives
Ø Tata Steel, Thyssenkrupp set to get EU warning on steel JV: Report
Ø Bankrupt RCom arm to develop 132-acre land in Navi Mumbai as fintech centre
Business Line
*Mint :*
Ø UK economy posts slowest growth ahead of Brexit
Ø SpiceJet Q3 net profit plunges 77% to Rs 55 cr
Ø India could be second-largest economy by 2030: PM
Ø India Cements’ Q3 net down on price and cost pressures
Ø DHFL receives notice on its books of accounts
Ø SEBI to look into sale of pledged shares of Reliance Group’s 3 listed firms
Ø Sebi proposes circuit filters for F&O segment to curb price volatility
Ø Govt may exempt DPIIT-certified startups from angel tax
Ø NSE launches trading in weekly options on Nifty 50 Index
Ø NTPC signs pact with SBI for ₹5,000 crore term loan
Ø Zinc hits 2-week low on worries about China-US trade
Ø Corporation Bank swings into the black with₹60.53 crore profit in Q3
Financial Express
*Deccan Chronicle :*
Ø MTNL seeks Rs 500 crore claims from government
Ø REC takeover: PFC to draw Rs 10K crore from own reserves; lending to power projects to be hit
Ø IMF warns of global economic ‘storm’ as growth undershoots
Ø UAE wants to store crude oil in India; keen to invest in refining, petrochemical projects
Ø Cement demand expected to grow 1.2 times of GDP growth rate: UltraTech
Ø S&P affirms IOB's ratings, keeps outlook stable
Ø Reliance Insurance files fresh IPO papers; removes Edelweiss as merchant banker
Ø India seeks German investments in food processing, infra, pharma
By: via @AlliesFin Serve T.ME/ALLiESFiN
Ø No-deal Brexit 'could cost 600,000 jobs worldwide': Study
Ø SUUTI to sell up to 3% stake in Axis Bank via OFS
Ø 22 IL&FS group firms allowed to service debt obligations
Ø EPFO likely to retain interest rate at 8.55% for FY19
Ø Govt not looking at any other proposal for PSB merger
Ø Venezuela oil czar courts India after $20 bn hit from US
Ø India's farm exports down 46% by volume, over 50% by value in Apr-Dec 2018
Ø 23,779 hectares of SEZ development land lying vacant: Suresh Prabhu
Ø Sebi relaxes norms for non-residents to transfer shares to relatives
Ø Tata Steel, Thyssenkrupp set to get EU warning on steel JV: Report
Ø Bankrupt RCom arm to develop 132-acre land in Navi Mumbai as fintech centre
Business Line
*Mint :*
Ø UK economy posts slowest growth ahead of Brexit
Ø SpiceJet Q3 net profit plunges 77% to Rs 55 cr
Ø India could be second-largest economy by 2030: PM
Ø India Cements’ Q3 net down on price and cost pressures
Ø DHFL receives notice on its books of accounts
Ø SEBI to look into sale of pledged shares of Reliance Group’s 3 listed firms
Ø Sebi proposes circuit filters for F&O segment to curb price volatility
Ø Govt may exempt DPIIT-certified startups from angel tax
Ø NSE launches trading in weekly options on Nifty 50 Index
Ø NTPC signs pact with SBI for ₹5,000 crore term loan
Ø Zinc hits 2-week low on worries about China-US trade
Ø Corporation Bank swings into the black with₹60.53 crore profit in Q3
Financial Express
*Deccan Chronicle :*
Ø MTNL seeks Rs 500 crore claims from government
Ø REC takeover: PFC to draw Rs 10K crore from own reserves; lending to power projects to be hit
Ø IMF warns of global economic ‘storm’ as growth undershoots
Ø UAE wants to store crude oil in India; keen to invest in refining, petrochemical projects
Ø Cement demand expected to grow 1.2 times of GDP growth rate: UltraTech
Ø S&P affirms IOB's ratings, keeps outlook stable
Ø Reliance Insurance files fresh IPO papers; removes Edelweiss as merchant banker
Ø India seeks German investments in food processing, infra, pharma
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Mkt. Updates :*
*SGX Nifty -2 pts (10922) from last trade 10924 ,*
Nikkei +298 pts ,
Hangseng -51 pts ,
Now @6.52am .
Dow -53.22 pts ,Nsdq +9.71 pts , S&P +1.92 pts , Bovespa -930 pts , Ftse +57 pts , Dax +107 pts , Cac +52 pts , Crude @ $52.37 brl (-0.04), Brent @ $61.51 brl (-0.00) , Gold @ 1311.10 (-0.80), Silver @ $15.685 (+0.00), Euro @ $1.1277, JPY @ $110.3900, INR @ 71.225
*US GOVT. 10-YEAR YIELD : 2.67%*
*Today's Corporate Action 12th Feb Ex Date :*
AARTIIND
Interim Dividend - Rs. - 4.0000
BHEL
Interim Dividend - Rs. - 0.8000
CARBORUNIV
Interim Dividend - Rs. - 1.5000
EIDPARRY
Interim Dividend - Rs. - 2.0000
GAIL
Interim Dividend - Rs. - 6.2500
MARICO
Interim Dividend - Rs. - 2.7500
*Today's Key Result NET PROFIT ESTIMATES 12th Feb :*
Coal India ( Cons 3702 Cr +3 % Yoy Res During Mkt)
Hindalco ( 386 Cr +3 % Yoy Res During Mkt)
Sun Pharma ( Cons 975 Cr +144 % Yoy Res After Mkt )
Bata India ( 82 Cr +21 % Yoy)
Concor ( 291 Cr +1 % Yoy)
Heg ( 687 Cr +99% Yoy)
Natco Pharma ( Cons 173 Cr -20 % Yoy )
Prestige Est ( Cona 79 Cr -11% Yoy )
Source Cogencis
*Today's Data Alert :*
Feb 12 : Foreign Affairs Minister Swaraj to address valedictory session at
Petrotech 2019, ONGC CMD Shanker, IOC Chairman Singh, HPCL CMD Surana, BPCL CMD Rajkumar, GAIL CMD Tripathi and Qatar Gas CEO Al Thani, among others, to speak at Petrotech 2019. 1515 IST, Greater Noida.
Feb 12 : 14-day variable rate term repo for 235 bln rupees. Bids to be submitted between 1100 and 1130 IST.
Feb 12 : 11 states to raise 152.00 bln rupees via bond sale on Tuesday.
Feb 12 : Index of Industrial Production for Dec, by CSO. 1730 IST.
Feb 12 : CPI (Combined) for Jan, by CSO. 1730 IST.
By: via @AlliesFin Serve T.ME/ALLiESFiN
*SGX Nifty -2 pts (10922) from last trade 10924 ,*
Nikkei +298 pts ,
Hangseng -51 pts ,
Now @6.52am .
Dow -53.22 pts ,Nsdq +9.71 pts , S&P +1.92 pts , Bovespa -930 pts , Ftse +57 pts , Dax +107 pts , Cac +52 pts , Crude @ $52.37 brl (-0.04), Brent @ $61.51 brl (-0.00) , Gold @ 1311.10 (-0.80), Silver @ $15.685 (+0.00), Euro @ $1.1277, JPY @ $110.3900, INR @ 71.225
*US GOVT. 10-YEAR YIELD : 2.67%*
*Today's Corporate Action 12th Feb Ex Date :*
AARTIIND
Interim Dividend - Rs. - 4.0000
BHEL
Interim Dividend - Rs. - 0.8000
CARBORUNIV
Interim Dividend - Rs. - 1.5000
EIDPARRY
Interim Dividend - Rs. - 2.0000
GAIL
Interim Dividend - Rs. - 6.2500
MARICO
Interim Dividend - Rs. - 2.7500
*Today's Key Result NET PROFIT ESTIMATES 12th Feb :*
Coal India ( Cons 3702 Cr +3 % Yoy Res During Mkt)
Hindalco ( 386 Cr +3 % Yoy Res During Mkt)
Sun Pharma ( Cons 975 Cr +144 % Yoy Res After Mkt )
Bata India ( 82 Cr +21 % Yoy)
Concor ( 291 Cr +1 % Yoy)
Heg ( 687 Cr +99% Yoy)
Natco Pharma ( Cons 173 Cr -20 % Yoy )
Prestige Est ( Cona 79 Cr -11% Yoy )
Source Cogencis
*Today's Data Alert :*
Feb 12 : Foreign Affairs Minister Swaraj to address valedictory session at
Petrotech 2019, ONGC CMD Shanker, IOC Chairman Singh, HPCL CMD Surana, BPCL CMD Rajkumar, GAIL CMD Tripathi and Qatar Gas CEO Al Thani, among others, to speak at Petrotech 2019. 1515 IST, Greater Noida.
Feb 12 : 14-day variable rate term repo for 235 bln rupees. Bids to be submitted between 1100 and 1130 IST.
Feb 12 : 11 states to raise 152.00 bln rupees via bond sale on Tuesday.
Feb 12 : Index of Industrial Production for Dec, by CSO. 1730 IST.
Feb 12 : CPI (Combined) for Jan, by CSO. 1730 IST.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Monday 11 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
Dear February,
just because it's Valentine's month,
we don't need to see Red every day.
Yours,
@AlliesFin
Stock Market
By: via @AlliesFin Serve T.ME/ALLiESFiN
just because it's Valentine's month,
we don't need to see Red every day.
Yours,
@AlliesFin
Stock Market
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Business Standard :*
Ø India offers 23 oil blocks in OALP-III bid round
Ø Mallya had Rs 7,500 cr to clear all dues but still did nothing: ED
Ø Voda-Idea has a Rs 20K cr plan to win Jio war
Ø FinMin wants Rs 27,000 cr more from RBI
Ø Hiring, production outlook to improve in manufacturing sector in Q3: Survey
Ø UK recession risk in next year up to 30% from 25% a month ago: Economists
Ø FPIs turn net buyers in Feb; infuse Rs 5,300 cr in last 6 trading sessions
Ø 3rd round of oil, gas auction under OALP launched; 23 blocks up for bidding
Ø RBI MSME package to help recast Rs 1-trn loans for 700k accounts: Govt
Business Line
*Mint :*
Ø Two-wheeler exports from India rise 19.5% in April-January
Ø Engineers India bags Mongolian oil refinery deal
Ø Anil Ambani group may sue NBFCs for selling pledged shares
Ø Prabhat Dairy to merge subsidiary with itself
Ø Tata Steel: Soft steel prices slam earnings outlook in near term
Ø Fiscal powers will aid NITI Aayog to work better with states: Rajiv Kumar
Ø IMF warns of global economic 'storm' as growth undershoots
*Financial Express :*
Ø Reliance, TCS lead top 8 valued companies to add Rs 53,741 crore in market cap
Ø National Stock Exchange to introduce dynamic price band for futures contracts
Ø Foreign investors restore faith in Indian economy, invest Rs 5,300 crore in last 6 trading sessions
Ø Jaguar Land Rover bonds: Tata Motors arm to shun borrowing as China prompts shock writedown
By: via @AlliesFin Serve T.ME/ALLiESFiN
Ø India offers 23 oil blocks in OALP-III bid round
Ø Mallya had Rs 7,500 cr to clear all dues but still did nothing: ED
Ø Voda-Idea has a Rs 20K cr plan to win Jio war
Ø FinMin wants Rs 27,000 cr more from RBI
Ø Hiring, production outlook to improve in manufacturing sector in Q3: Survey
Ø UK recession risk in next year up to 30% from 25% a month ago: Economists
Ø FPIs turn net buyers in Feb; infuse Rs 5,300 cr in last 6 trading sessions
Ø 3rd round of oil, gas auction under OALP launched; 23 blocks up for bidding
Ø RBI MSME package to help recast Rs 1-trn loans for 700k accounts: Govt
Business Line
*Mint :*
Ø Two-wheeler exports from India rise 19.5% in April-January
Ø Engineers India bags Mongolian oil refinery deal
Ø Anil Ambani group may sue NBFCs for selling pledged shares
Ø Prabhat Dairy to merge subsidiary with itself
Ø Tata Steel: Soft steel prices slam earnings outlook in near term
Ø Fiscal powers will aid NITI Aayog to work better with states: Rajiv Kumar
Ø IMF warns of global economic 'storm' as growth undershoots
*Financial Express :*
Ø Reliance, TCS lead top 8 valued companies to add Rs 53,741 crore in market cap
Ø National Stock Exchange to introduce dynamic price band for futures contracts
Ø Foreign investors restore faith in Indian economy, invest Rs 5,300 crore in last 6 trading sessions
Ø Jaguar Land Rover bonds: Tata Motors arm to shun borrowing as China prompts shock writedown
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Mkt. Updates :*
*SGX Nifty -16 pts (10928) from last trade 10944 ,*
Nikkei clsd ,
Hangseng -19 pts ,
Now @6.54am .
Dow -63.20 pts ,Nsdq +9.85 pts , S&P +1.83 pts , Bovespa +937 pts , Ftse -22 pts , Dax -115 pts , Cac -23 pts , Crude @ $52.53 brl (-0.19), Brent @ $61.99 brl (-0.11) , Gold @ 1317.60 (-0.90), Silver @ $15.82 (+0.01), Euro @ $1.1323, JPY @ $109.8400, INR @ 71.165
*US GOVT. 10-YEAR YIELD : 2.63%*
*Today's Corporate Action 11th Feb Ex Date :*
ACCELYA
Interim Dividend - Rs. - 17.0000
AJANTPHARM
Buy Back of Shares
HEROMOTOCO
Interim Dividend - Rs. - 55.0000
IBULHSGFIN
Interim Dividend - Rs. - 10.0000
SRF
Interim Dividend - Rs. - 6.0000
SUNDARMFIN
Interim Dividend - Rs. - 5.0000
*Today's Key Result NET PROFIT ESTIMATES 11th Feb :*
Eicher Motor ( Cons 501 Cr -4 % Yoy Res During Mkt)
Amaraja Bat ( 135 Cr +1 % Yoy )
Motherson Sumi ( Cons 457 Cr +25 % Yoy)
PI Inds ( 86 Cr +8% Yoy )
Source Cogencis
By: via @AlliesFin Serve T.ME/ALLiESFiN
*SGX Nifty -16 pts (10928) from last trade 10944 ,*
Nikkei clsd ,
Hangseng -19 pts ,
Now @6.54am .
Dow -63.20 pts ,Nsdq +9.85 pts , S&P +1.83 pts , Bovespa +937 pts , Ftse -22 pts , Dax -115 pts , Cac -23 pts , Crude @ $52.53 brl (-0.19), Brent @ $61.99 brl (-0.11) , Gold @ 1317.60 (-0.90), Silver @ $15.82 (+0.01), Euro @ $1.1323, JPY @ $109.8400, INR @ 71.165
*US GOVT. 10-YEAR YIELD : 2.63%*
*Today's Corporate Action 11th Feb Ex Date :*
ACCELYA
Interim Dividend - Rs. - 17.0000
AJANTPHARM
Buy Back of Shares
HEROMOTOCO
Interim Dividend - Rs. - 55.0000
IBULHSGFIN
Interim Dividend - Rs. - 10.0000
SRF
Interim Dividend - Rs. - 6.0000
SUNDARMFIN
Interim Dividend - Rs. - 5.0000
*Today's Key Result NET PROFIT ESTIMATES 11th Feb :*
Eicher Motor ( Cons 501 Cr -4 % Yoy Res During Mkt)
Amaraja Bat ( 135 Cr +1 % Yoy )
Motherson Sumi ( Cons 457 Cr +25 % Yoy)
PI Inds ( 86 Cr +8% Yoy )
Source Cogencis
By: via @AlliesFin Serve T.ME/ALLiESFiN
Saturday 9 February 2019
Friday 8 February 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
*8-Feb: FIIs F&O: Rs.crs: * :
# *Net BUY +814*
Indxfu -224
Indxop +1878
Stkfut -799
Stkopt -41
*Stk in F&O Ban for 11-Feb* : 1.ADANIENT, 2.DHFL, 3.IDBI, 4.JETAIRWAYS, 5.RELCAPITAL, 6.RELINFRA, 7.RPOWER
*8-Feb: Prov Cash: Rs.crs: * :
*FIIs: +843.73* (4434.51-3590.78)
*DIIs: -960.04* (2865.18-3825.22)
Cash Vol: 32740 vs 33459, -2%
F&O Vol: 597493 vs 1797505, -67%
By: via @AlliesFin Serve T.ME/ALLiESFiN
# *Net BUY +814*
Indxfu -224
Indxop +1878
Stkfut -799
Stkopt -41
*Stk in F&O Ban for 11-Feb* : 1.ADANIENT, 2.DHFL, 3.IDBI, 4.JETAIRWAYS, 5.RELCAPITAL, 6.RELINFRA, 7.RPOWER
*8-Feb: Prov Cash: Rs.crs: * :
*FIIs: +843.73* (4434.51-3590.78)
*DIIs: -960.04* (2865.18-3825.22)
Cash Vol: 32740 vs 33459, -2%
F&O Vol: 597493 vs 1797505, -67%
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
8/2/2019
BSE:-424(36546)
NSE:-125(10943)
MID:-203(14328)
SML:-122(13656)
Fll|FPI:+843Cr
DlI:-960Cr
B.Crude$:61
Gold$:1312=INR:33184
Silver:40070
Rs/$: 71.30
New 7.17 2028 G-Sec: 7.52
NSE PE: 27.10
By: via @AlliesFin Serve T.ME/ALLiESFiN
BSE:-424(36546)
NSE:-125(10943)
MID:-203(14328)
SML:-122(13656)
Fll|FPI:+843Cr
DlI:-960Cr
B.Crude$:61
Gold$:1312=INR:33184
Silver:40070
Rs/$: 71.30
New 7.17 2028 G-Sec: 7.52
NSE PE: 27.10
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
#STOCKLENDING
Mar 19 Series :
Scrip name @ lending price per share
Albk@1.50 ,
Axisbk@1.40,
Ceat @12.10,
Jet @5,
Pel @4,
Pcj@1.25
By: via @AlliesFin Serve T.ME/ALLiESFiN
Mar 19 Series :
Scrip name @ lending price per share
Albk@1.50 ,
Axisbk@1.40,
Ceat @12.10,
Jet @5,
Pel @4,
Pcj@1.25
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Economic Times
Business Standard
Ø RBI rules out changes in one-day NPA recognition norms
Ø India jumps 8 places to 36th on International IP Index
Ø JLR global sales dip 11% in January
Ø RBI for intense scrutiny on NBFCs, but no AQR likely
Ø Adani Enterprises Q3 profit slumps 72% to Rs 80 crore
Ø JLR bleeds Tata Motors with Rs 27K cr loss
Ø 65,000-km highways worth Rs 5.35 trillion to be built by 2022, says Gadkari
Ø Irdai asks insurance firms to mitigate risks to prevent IL&FS-type fiascoes
Ø Exit of BoI, BoM, OBC from PCA framework is credit positive: Moody's
Ø Cotton imports to surge by 80% as output hits 9-year low: Report
Ø BB&T to buy SunTrust for $28 bn in biggest US bank deal since 2009 crisis
Business Line
Mint
Ø Gems, jewellery exports decline 8.5% in Apr-Dec 2018
Ø Bajaj Electricals Q3 net jumps 73% to ₹ 64 cr
Ø Coal India to procure mining equipment worth ₹ 7,000 cr
Ø CAI lowers cotton crop estimate further to 330 lakh bales
Ø RBI cuts repo rate by 25 basis points, changes policy stance to neutral
Ø Fortis denies violating order on sale of controlling stake to IHH Healthcare
Ø Govt has the right to demand interim dividend: RBI Governor
Ø MRF Q3 profit skids 18% to ₹279 crore
Ø RBI doubles limit, banks to treat ₹2 crore and more as bulk deposits
Financial Express
Financial Chronicle
Ø ICICI Bank-Videocon loan case: RBI says law will take its own course
Ø RBI permits cos participating in insolvency process to tap ECB route
Ø Govt to set up unified authority for regulating financial services in IFSCs
Ø Debt ETF may have G-Secs in portfolio
Ø Dish TV declares Q3 results, reports operating revenues of Rs. 1,517 crore
By: via @AlliesFin Serve T.ME/ALLiESFiN
Business Standard
Ø RBI rules out changes in one-day NPA recognition norms
Ø India jumps 8 places to 36th on International IP Index
Ø JLR global sales dip 11% in January
Ø RBI for intense scrutiny on NBFCs, but no AQR likely
Ø Adani Enterprises Q3 profit slumps 72% to Rs 80 crore
Ø JLR bleeds Tata Motors with Rs 27K cr loss
Ø 65,000-km highways worth Rs 5.35 trillion to be built by 2022, says Gadkari
Ø Irdai asks insurance firms to mitigate risks to prevent IL&FS-type fiascoes
Ø Exit of BoI, BoM, OBC from PCA framework is credit positive: Moody's
Ø Cotton imports to surge by 80% as output hits 9-year low: Report
Ø BB&T to buy SunTrust for $28 bn in biggest US bank deal since 2009 crisis
Business Line
Mint
Ø Gems, jewellery exports decline 8.5% in Apr-Dec 2018
Ø Bajaj Electricals Q3 net jumps 73% to ₹ 64 cr
Ø Coal India to procure mining equipment worth ₹ 7,000 cr
Ø CAI lowers cotton crop estimate further to 330 lakh bales
Ø RBI cuts repo rate by 25 basis points, changes policy stance to neutral
Ø Fortis denies violating order on sale of controlling stake to IHH Healthcare
Ø Govt has the right to demand interim dividend: RBI Governor
Ø MRF Q3 profit skids 18% to ₹279 crore
Ø RBI doubles limit, banks to treat ₹2 crore and more as bulk deposits
Financial Express
Financial Chronicle
Ø ICICI Bank-Videocon loan case: RBI says law will take its own course
Ø RBI permits cos participating in insolvency process to tap ECB route
Ø Govt to set up unified authority for regulating financial services in IFSCs
Ø Debt ETF may have G-Secs in portfolio
Ø Dish TV declares Q3 results, reports operating revenues of Rs. 1,517 crore
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
U.S. Stocks Fall on Pessimism Over Trade, Growth: Markets Wrap
Sign up for our new China newsletter, a weekly dispatch on where China stands now and where it's going next.
U.S. stocks slid as investors grew anxious that the Trump administration won’t reach a trade deal with China before a March deadline for escalating the war. Treasuries surged.
The post-Christmas rally that added 16 percent to the S&P 500 came under increasing pressure amid reports the two trading partners remained far apart on a deal and that the nations’ presidents won’t meet before higher tariffs are slated to take effect on Chinese goods next month.
Stocks opened lower after official European forecasts signaled a slowdown in the region’s economy and amid concern the American government remains on track for a shutdown next week. The news from Europe slammed German assets, sending the DAX Index by the most since October and bund yields to the lowest since 2016.
“When you get these numbers coming out of Europe, it just reminds you, ‘Well, gee, that’s an issue and it’s symptomatic of all of this prevailing view that the global economy is slowing down,’’’ said David Joy, chief market strategist at Ameriprise Financial. “I would consider China and what happens with China to be the major macro issue confronting U.S. stocks in the short term.”
Investors are struggling to find fresh impetus for extending the 2019 rally in risk assets ahead of U.S.-China trade discussions next week. In Washington, there was little progress on the domestic front with the deadline approaching for Congress and the White House to reach a deal on keeping the government open. Asian traders remain hamstrung by a dearth of activity as many markets remained shut for Lunar New Year.
In corporate news, Twitter retreated on a tepid sales forecast, Chipotle rallied after an earnings beat and SunTrust Banks surged after agreeing to sell itself to BB&T in biggest bank takeover in a decade.
Crude slumped below $53 a barrel in New York and the 10-year Treasury rate slipped to 2.66 percent. The pound reversed losses after the Bank of England left rates unchanged and cut its growth forecast for the U.K. economy. Earlier in Japan, shares fell amid a raft of corporate earnings.
Stocks
The S&P 500 fell 0.9 percent at 4 p.m. in New York.
The Nasdaq 100 slid 1.3 percent and the Dow Jones Industrial Average lost more than 200 points.
The Stoxx Europe 600 Index fell 1.5 percent, the first retreat in more than a week.
The MSCI World Index of developed countries decreased 1.1 percent, the largest dip in more than a week.
The MSCI Asia Pacific Index fell 0.4 percent.
Currencies
The Bloomberg Dollar Spot Index rose 0.2 percent with its sixth straight advance.
The euro fell 0.2 percent to $1.1343.
The British pound added 0.2 percent to $1.2951.
The MSCI Emerging Markets Currency Index fell 0.3 percent, reaching the lowest in more than a week.
Bonds
The yield on 10-year Treasuries fell four basis points to 2.65 percent, the lowest in a week on the largest fall in a week.
Germany’s 10-year yield fell five basis points to 0.11 percent.
Italy’s 10-year yield rose nine basis points to 2.945 percent.
Commodities
Gold futures were little changed at $1,313.60 an ounce.
West Texas Intermediate crude decreased 2.5 percent to $52.65 a barrel.
Bloomberg’s commodity index lost 1.2 percent.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Sign up for our new China newsletter, a weekly dispatch on where China stands now and where it's going next.
U.S. stocks slid as investors grew anxious that the Trump administration won’t reach a trade deal with China before a March deadline for escalating the war. Treasuries surged.
The post-Christmas rally that added 16 percent to the S&P 500 came under increasing pressure amid reports the two trading partners remained far apart on a deal and that the nations’ presidents won’t meet before higher tariffs are slated to take effect on Chinese goods next month.
Stocks opened lower after official European forecasts signaled a slowdown in the region’s economy and amid concern the American government remains on track for a shutdown next week. The news from Europe slammed German assets, sending the DAX Index by the most since October and bund yields to the lowest since 2016.
“When you get these numbers coming out of Europe, it just reminds you, ‘Well, gee, that’s an issue and it’s symptomatic of all of this prevailing view that the global economy is slowing down,’’’ said David Joy, chief market strategist at Ameriprise Financial. “I would consider China and what happens with China to be the major macro issue confronting U.S. stocks in the short term.”
Investors are struggling to find fresh impetus for extending the 2019 rally in risk assets ahead of U.S.-China trade discussions next week. In Washington, there was little progress on the domestic front with the deadline approaching for Congress and the White House to reach a deal on keeping the government open. Asian traders remain hamstrung by a dearth of activity as many markets remained shut for Lunar New Year.
In corporate news, Twitter retreated on a tepid sales forecast, Chipotle rallied after an earnings beat and SunTrust Banks surged after agreeing to sell itself to BB&T in biggest bank takeover in a decade.
Crude slumped below $53 a barrel in New York and the 10-year Treasury rate slipped to 2.66 percent. The pound reversed losses after the Bank of England left rates unchanged and cut its growth forecast for the U.K. economy. Earlier in Japan, shares fell amid a raft of corporate earnings.
Stocks
The S&P 500 fell 0.9 percent at 4 p.m. in New York.
The Nasdaq 100 slid 1.3 percent and the Dow Jones Industrial Average lost more than 200 points.
The Stoxx Europe 600 Index fell 1.5 percent, the first retreat in more than a week.
The MSCI World Index of developed countries decreased 1.1 percent, the largest dip in more than a week.
The MSCI Asia Pacific Index fell 0.4 percent.
Currencies
The Bloomberg Dollar Spot Index rose 0.2 percent with its sixth straight advance.
The euro fell 0.2 percent to $1.1343.
The British pound added 0.2 percent to $1.2951.
The MSCI Emerging Markets Currency Index fell 0.3 percent, reaching the lowest in more than a week.
Bonds
The yield on 10-year Treasuries fell four basis points to 2.65 percent, the lowest in a week on the largest fall in a week.
Germany’s 10-year yield fell five basis points to 0.11 percent.
Italy’s 10-year yield rose nine basis points to 2.945 percent.
Commodities
Gold futures were little changed at $1,313.60 an ounce.
West Texas Intermediate crude decreased 2.5 percent to $52.65 a barrel.
Bloomberg’s commodity index lost 1.2 percent.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
Oil Rebounds as Strong U.S. Fuel Demand Quells Economic Worries
Oil rebounded Wednesday after a report showed surprisingly strong gasoline demand and a drawdown of heating fuels in the U.S., tempering fears of a global oversupply.
Futures in New York closed 0.7 percent higher, snapping a two-day losing streak. While the Energy Information Administration said domestic crude and gasoline inventories rose last week, both trailed analyst estimates. The fallout from the brutal cold that hit the U.S. also showed up in the data, with stocks of winter fuels shrinking by almost 5 million barrels combined.
The bullish hints on demand offered relief to traders jittery about economic growth. Despite OPEC’s efforts to cut global supplies, crude was on track for a third straight loss earlier in the session as slowing factory activity in Germany built upon reports of declining service-sector orders in the U.S.
“We’re seeing a modest gain on the EIA data," said Rob Haworth, who helps oversee about $164 billion at U.S. Bank Wealth Management in Seattle. “This is a quiet market that’s trying to find some footing and trying to find some news to create a more supportive narrative."
West Texas Intermediate crude for March delivery climbed 35 cents to $54.01 a barrel at the close of New York Mercantile Exchange trading.
Brent for April settlement rose 71 cents to $62.69 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude sold at an $8.35 premium to WTI for the same month.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Oil rebounded Wednesday after a report showed surprisingly strong gasoline demand and a drawdown of heating fuels in the U.S., tempering fears of a global oversupply.
Futures in New York closed 0.7 percent higher, snapping a two-day losing streak. While the Energy Information Administration said domestic crude and gasoline inventories rose last week, both trailed analyst estimates. The fallout from the brutal cold that hit the U.S. also showed up in the data, with stocks of winter fuels shrinking by almost 5 million barrels combined.
The bullish hints on demand offered relief to traders jittery about economic growth. Despite OPEC’s efforts to cut global supplies, crude was on track for a third straight loss earlier in the session as slowing factory activity in Germany built upon reports of declining service-sector orders in the U.S.
“We’re seeing a modest gain on the EIA data," said Rob Haworth, who helps oversee about $164 billion at U.S. Bank Wealth Management in Seattle. “This is a quiet market that’s trying to find some footing and trying to find some news to create a more supportive narrative."
West Texas Intermediate crude for March delivery climbed 35 cents to $54.01 a barrel at the close of New York Mercantile Exchange trading.
Brent for April settlement rose 71 cents to $62.69 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude sold at an $8.35 premium to WTI for the same month.
By: via @AlliesFin Serve T.ME/ALLiESFiN
@AlliesFin Serve T.ME/ALLiESFiN's Post
*SGX Nifty -40 pts (11043) from last trade 11083 ,*
Nikkei -276 pts ,
Hangseng -282 pts ,
Now @6.52am .
Dow -220.77 pts ,Nsdq -86.93 pts , S&P -25.56 pts , Bovespa -229 pts , Ftse -79 pts , Dax -302 pts , Cac -93 pts , Crude @ $52.50 brl (-0.14), Brent @ $61.63 brl (+0.00) , Gold @ 1314.10 (-0.10), Silver @ $15.74 (+0.02), Euro @ $1.1338, JPY @ $109.8000, INR @ 71.305
*Today's Corporate Action*
8th Feb Ex Date
BEL
Interim Dividend - Rs. - 0.3000
CHOLAFIN
Interim Dividend - Rs. - 4.5000
DHAMPURSUG
Interim Dividend - Rs. - 3.5000
HEXAWARE
Interim Dividend - Rs. - 2.5000
*Today's Key Result*
NET PROFIT ESTIMATES
8th Feb
M&M ( 990 Cr -19% Yoy Res During Mkt)
Tata Steel ( Cons 2252 Cr +98 % Yoy Res After Mkt )
Alkem Lab ( 243 Cr +42% Yoy)
BPCL ( 5 Cr Loss )
Balkrishna Inda ( 195 Cr +3% Yoy )
Dilip buildcom ( 169 Cr +3 % Yoy )
Engineers Ind (104 Cr -4% Yoy)
Gspl ( 214 Cr +18% Yoy )
Nhpc ( 523 Cr -24% Yoy)
National Allum ( 379 Cr Cr -47% Yoy)
Sun Tv ( 329 Cr +23% Yoy )
Source Cogencis
*Today's Data Alert*
Feb 8 : 14-day variable rate term repo for 235 bln rupees. Bids to be
submitted between 1100 and 1130 IST.
Feb 8 : RBI to auction 30 bln rupees worth of 7.32%, 2024 bond, 40 bln
rupees worth of 7.26%, 2029 bond,
20 bln rupees worth of 8.24%, 2033 bond and 30 bln rupees worth of
7.06%, 2046 bond.
By: via @AlliesFin Serve T.ME/ALLiESFiN
Nikkei -276 pts ,
Hangseng -282 pts ,
Now @6.52am .
Dow -220.77 pts ,Nsdq -86.93 pts , S&P -25.56 pts , Bovespa -229 pts , Ftse -79 pts , Dax -302 pts , Cac -93 pts , Crude @ $52.50 brl (-0.14), Brent @ $61.63 brl (+0.00) , Gold @ 1314.10 (-0.10), Silver @ $15.74 (+0.02), Euro @ $1.1338, JPY @ $109.8000, INR @ 71.305
*Today's Corporate Action*
8th Feb Ex Date
BEL
Interim Dividend - Rs. - 0.3000
CHOLAFIN
Interim Dividend - Rs. - 4.5000
DHAMPURSUG
Interim Dividend - Rs. - 3.5000
HEXAWARE
Interim Dividend - Rs. - 2.5000
*Today's Key Result*
NET PROFIT ESTIMATES
8th Feb
M&M ( 990 Cr -19% Yoy Res During Mkt)
Tata Steel ( Cons 2252 Cr +98 % Yoy Res After Mkt )
Alkem Lab ( 243 Cr +42% Yoy)
BPCL ( 5 Cr Loss )
Balkrishna Inda ( 195 Cr +3% Yoy )
Dilip buildcom ( 169 Cr +3 % Yoy )
Engineers Ind (104 Cr -4% Yoy)
Gspl ( 214 Cr +18% Yoy )
Nhpc ( 523 Cr -24% Yoy)
National Allum ( 379 Cr Cr -47% Yoy)
Sun Tv ( 329 Cr +23% Yoy )
Source Cogencis
*Today's Data Alert*
Feb 8 : 14-day variable rate term repo for 235 bln rupees. Bids to be
submitted between 1100 and 1130 IST.
Feb 8 : RBI to auction 30 bln rupees worth of 7.32%, 2024 bond, 40 bln
rupees worth of 7.26%, 2029 bond,
20 bln rupees worth of 8.24%, 2033 bond and 30 bln rupees worth of
7.06%, 2046 bond.
By: via @AlliesFin Serve T.ME/ALLiESFiN
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