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Showing posts from August, 2019

Ahead of Market: 12 things that will decide stock action on Monday

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trade setup on the counters of Torrent Pharma, Mindteck, Capacit’e Infraprojects, APL Apollo Tubes and La Opala. from Stocks-Markets-Economic Times https://ift.tt/3sHwST0 via Urmarketspy

FPIs net sellers for second straight month, pull out Rs 5,920 crore in August

In July, overseas investors had pulled out a net amount of Rs 2,985.88 crore. from Stocks-Markets-Economic Times https://ift.tt/2NIiOUZ via Urmarketspy

Trump heaps more tariffs on China, still no deal in sight

“We’re going to win the fight,” Donald Trump said. from Stocks-Markets-Economic Times https://ift.tt/2Pzts33 via Urmarketspy

8 of top-10 firms add Rs 77,222 crore in m-cap; HDFC twins lead

The valuation of ITC climbed Rs 11,917.17 crore to Rs 3,01,657.76 crore. from Stocks-Markets-Economic Times https://ift.tt/2NTFNN9 via Urmarketspy

Auto sales, GDP print & other macro data among 5 factors that will chart market direction in truncated week

Here are the five factors that are likely to chart market direction in the week ahead. from Stocks-Markets-Economic Times https://ift.tt/2UltoT1 via Urmarketspy

Yes Bank to up share-capital base by 37%

Yes Bank had earlier this month raised Rs 1,930 crore through a QIP. from Stocks-Markets-Economic Times https://ift.tt/2LfI4iy via Urmarketspy

Modi creates bank behemoths to spur slowing economy

“Banks with strong national presence and global reach is what we want,” Sitharaman said. from Stocks-Markets-Economic Times https://ift.tt/2ZsYBJK via Urmarketspy

How the new banks will look

After the big-bang merger, the total number of PSBs in India will come down to 12 from 27 two years ago. from Stocks-Markets-Economic Times https://ift.tt/2LkUky9 via Urmarketspy

Fresh capital may not help banks exit PCA immediately

They may also tend to use most of the new capital to expand lending instead of making loan provisions unlike what several other weak banks did earlier. from Stocks-Markets-Economic Times https://ift.tt/2zxyrGD via Urmarketspy

New merger formula for 'Gen Next Banks'; technology over geographical compatibility

Of the 10 banks that have been merged, two merged entity will have a strong presence regionally and the other two would operate as pan-India players. from Stocks-Markets-Economic Times https://ift.tt/2ZoEbSp via Urmarketspy

Nirmala Sitharaman lays out roadmap for better governance of PSU banks

The finance minister also announced that banks can now recruit Chief Risk Officer from the market, at market-linked compensation levels to attract best available talent. from Stocks-Markets-Economic Times https://ift.tt/2Poz8fV via Urmarketspy

Government to infuse Rs 55,250 crore for strengthening banks, push lending

This was the second set of measures announced by Finance Minister Nirmala Sitharaman to prop up the economy and at least one more is expected next week. from Moneycontrol Latest News https://ift.tt/348zkn7 via Urmarketspy

HDFC sells Gruh Finance shares worth nearly Rs 1,665 crore

Shares of Gruh Finance on August 30 closed at Rs 258.40, up 3.55 percent on the BSE. from Moneycontrol Latest News https://ift.tt/2ZrzpmX via Urmarketspy

NPCI revises merchant discount rates for BHIM UPI transactions

Presently, this is capped at 0.25 percent for transactions up to Rs 2,000 and at 0.65 percent for transactions above Rs 2,000. from Moneycontrol Latest News https://ift.tt/2LhgYrd via Urmarketspy

Turmeric prices to head north next month onward

Going by the sowing figures, the area under turmeric cultivation in the 2019-20 season has shrunk. from Moneycontrol Latest News https://ift.tt/32iHffU via Urmarketspy

DR Congo Ebola death toll crosses 2,000 ahead of UN chief#39;s visit

The toll is a setback coming a day before UN Secretary General Antonio Guterres visits for a first-hand assessment of the fightback. from Moneycontrol Latest News https://ift.tt/2HDPUBI via Urmarketspy

Key reasons behind recent fluctuations in Indian currency against US dollar

FII outflows could be the primary driver of a weakening Indian currency. We have seen more than Rs 31,000 crore of outflows since July 1 (till August 30). from Moneycontrol Latest News https://ift.tt/2PvptEH via Urmarketspy

13% companies will leave China, says Donald Trump as new tariffs all set to kick in

After coming to power, Trump has imposed hefty tariffs on import of Chinese products, resulting in a trade war between the two biggest economies of the world. from Moneycontrol Latest News https://ift.tt/2zycyHc via Urmarketspy

FMCG sector might not grow as fast as it has - here is why

Rural market, accounting for 45 percent of overall revenue of the FMCG sector, is one of the key contributors to India̢۪s FMCG growth story. from Moneycontrol Latest News https://ift.tt/2PuOjnZ via Urmarketspy

Wall Street stalls to end weak August as China tariffs loom

The Dow Jones Industrial Average rose 41.03 points, or 0.16%, to 26,403.28, the SP 500 gained 1.88 points, or 0.06%, to 2,926.46 and the Nasdaq Composite dropped 10.51 points, or 0.13%, to 7,962.88. from Moneycontrol Latest News https://ift.tt/2Pu7gr4 via Urmarketspy

Banks merger reflects govt resolve to address economic slowdown: India Inc

United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank, making the proposed entity the second largest public sector bank from Moneycontrol Latest News https://ift.tt/2zDbBgS via Urmarketspy

Sharp slowdown likely across auto segments in August; Maruti, Tata Motors, Eicher sales may fall over 30%

In case of Eicher Motors, Nomura expects overall commercial vehicle volumes to decline 33 percent YoY from Moneycontrol Latest News https://ift.tt/2Psxw5b via Urmarketspy

Twitter CEO Jack Dorsey#39;s account hacked, offensive tweets posted

British-based security consultant Graham Cluley said the incident highlighted the importance of two-factor authentication, where a user must confirm the account via an external service. from Moneycontrol Latest News https://ift.tt/2zyTR68 via Urmarketspy

Amul to focus on Indian sweets; may hike prices of cheese, butter: MD RS Sodhi

In May, Amul increased milk prices by Rs 2 per litre from Moneycontrol Latest News https://ift.tt/2ZF9UtU via Urmarketspy

Nitin Gadkari proposes kulhad tea cups, tax on Chinese agarbatti

The Union minister said that with a view to provide impetus to the pottery industry, kulhad could be introduced at tea stalls at 400 railway stations. from Moneycontrol Latest News https://ift.tt/2LegKma via Urmarketspy

Comparison test: Mercedes-Benz E-Class vs BMW 6 Series GT

Comparison test: Mercedes-Benz E-Class vs BMW 6 Series GT from Moneycontrol Latest News https://ift.tt/2ZI45f0 via Urmarketspy

Policy Play | Will the PSU bank merger achieve its desired objective?

The banks being merged have been losing deposit and credit market share and any improvement in the near term is unlikely from Moneycontrol Latest News https://www.moneycontrol.com/news/business/policy-play-|-willpsu-bank-merger-achieve-its-desired-objective_12945761.html via Urmarketspy

Ather Dot - new home charging device from the manufacturer for Ather 450

Ather Dot - new home charging device from the manufacturer for Ather 450 from Moneycontrol Latest News https://ift.tt/2ZFYLJl via Urmarketspy

Buy ICICI Bank, target Rs 415: Shrikant Chouhan

Buy ICICI Bank Ltd. at a price target of Rs 415.0 and a stoploss at Rs 399 from entry point. from Stocks-Markets-Economic Times https://ift.tt/2NGHNIq via Urmarketspy

Rollover numbers indicate weak sentiment will continue in September

Tepid corporate earnings exacerbated the market woes in the August series. from Stocks-Markets-Economic Times https://ift.tt/2MJQpyc via Urmarketspy

Podcast | Stock picks of the day: Time to buy quality midcap stocks in a staggered manner

We expect the index to continue with its outperformance so we advise investors to accumulate quality midcap stocks in a staggered manner. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocks-views/podcast-|-stock-picksthe-day-time-to-buy-quality-midcap-stocksa-staggered-manner_12942321.html via Urmarketspy

Jammu Kashmir offers vast business opportunities: Official

Mahmood Ahmad Shah, director (industries commerce), was in the city to tap various sectors for investments in Jammu and Kashmir post scrapping of provisions of Article 370 that gave special status to the border state. from Moneycontrol Latest News https://ift.tt/2HNseej via Urmarketspy

North Korea says it won#39;t give up arms modernisation

The North#39;s official Korean Central News Agency circulated a statement from Kim Son Gyong, an adviser at the Korea-Europe Association, in response to a joint statement Tuesday from the three important U.S. allies condemning Pyongyang#39;s "repeated provocative launches" of ballistic missiles. from Moneycontrol Latest News https://ift.tt/32i76oi via Urmarketspy

India generates 9.46 mn tonnes of plastic waste annually: Study

The study has been conducted by Un-Plastic Collective (UPC), a voluntary multi-stakeholder initiative to eliminate plastic pollution in nature and move towards a circular economy. from Moneycontrol Latest News https://ift.tt/2Hw4KtF via Urmarketspy

US companies in China say they#39;ve been hurt by trade war

In the US-China Business Council#39;s annual survey, out Thursday, 81 per cent of companies say they#39;ve been affected by US-China trade tensions, up from 73 per cent last year. from Moneycontrol Latest News https://ift.tt/328hoXM via Urmarketspy

Ganpati mandals insurance sees flat growth as organisers go for cost-cutting

All the mandals (organisers) put together have taken about Rs 610 crore of insurance cover this season from Moneycontrol Latest News https://ift.tt/2L6fqS3 via Urmarketspy

General Electric wins partial dismissal of shareholder lawsuit

Judge Jesse Furman, however, granted the shareholders permission to amend their complaint. The class-action lawsuit, originally filed in November 2017, consolidates six cases that sought to hold GE and its senior leaders accountable for falling profits in recent years. from Moneycontrol Latest News https://ift.tt/34bmfJG via Urmarketspy

Amazon to offer help for customers who search about suicide

Searching for the word "suicide" last week on Amazon#39;s U.S. marketplace resulted in the webpage showing users to "suicide kits" and nooses. from Moneycontrol Latest News https://ift.tt/2Uf1pV0 via Urmarketspy

Donald Trump may block $250 million in aid to Ukraine: Officials

The president has made no secret when it comes to foreign assistance that U.S. interests abroad should be prioritized and other foreign countries should also be paying their fair share," said one of the officials, who shared details of the plan on condition of anonymity. from Moneycontrol Latest News https://ift.tt/34kHlp8 via Urmarketspy

Apple likely to unveil latest iPhone on September 10

In an invite to the event on Thursday, Apple teased a five-colored version of its logo, implying launch of more colors for its new iPhone models. from Moneycontrol Latest News https://ift.tt/2Uf1nMS via Urmarketspy

Spec Comparo: MV Agusta Turismo Veloce 800 vs Triumph Tiger 800 XRX vs BMW F850 GS vs Ducati Multistrada 950

Spec Comparo: MV Agusta Turismo Veloce 800 vs Triumph Tiger 800 XRX vs BMW F850 GS vs Ducati Multistrada 950 from Moneycontrol Latest News https://ift.tt/348bS9q via Urmarketspy

TIME#39;s list of best places of 2019: Here are a few you should visit

Here#39;s a list of some of the best places to travel to in 2019. from Moneycontrol Latest News https://ift.tt/2zszxDw via Urmarketspy

Stocks in the news: HDFC Bank, Wipro, Adani Green, Future Retail, Lokesh Machines, Premier Explosives

HDFC Bank | Wipro | Future Retail | Lokesh Machines | Mahanagar Gas and MAS Financial Services are stocks, which are in news today. from Moneycontrol Latest News https://ift.tt/2PkhR7N via Urmarketspy

Non-residents, not-ordinarily residents in tax tangle, say experts

An August 8 circular from the Central Board of Direct Taxes (CBDT) said that such details needed to be filed. from Stocks-Markets-Economic Times https://ift.tt/2ZC27RA via Urmarketspy

Sebi exonerates three former NSE executives, seeks action against two

NSE has been directed to initiate enquiry against these two employees and submit a report to Sebi within six months from the date of the order. from Stocks-Markets-Economic Times https://ift.tt/2PiAwkb via Urmarketspy

Analyst Calls: Mahindra Logistics, Cummins, SBI, Polycab

ICICIdirect has initiated coverage on Mahindra Logistics with a target price of Rs 415. from Stocks-Markets-Economic Times https://ift.tt/2zvbl3h via Urmarketspy

What changed for the market while you were sleeping? Top 10 things to know

Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.1 percent loss or 10.5 points. from Moneycontrol Latest News https://ift.tt/2PqZm1w via Urmarketspy

Stocks in the news: HDFC Bank, Wipro, Future Retail, Lokesh Machines, Premier Explosives

HDFC Bank | Wipro | Future Retail | Lokesh Machines and MAS Financial Services are stocks, which are in news today. from Moneycontrol Latest News https://ift.tt/2zHd85D via Urmarketspy

Asian shares rise on conciliatory trade tone but mood cautious

Japan#39;s Nikkei jumped 1% while South Korea#39;s KOSPI index gained 1.3% and Australian shares rose 0.7%. from Moneycontrol Latest News https://ift.tt/2PnkzcL via Urmarketspy

Wall Street rallies after China trade comments

The Dow Jones Industrial Average rose 326.15 points, or 1.25%, to 26,362.25, the SP 500 gained 36.63 points, or 1.27%, to 2,924.57 and the Nasdaq Composite added 116.51 points, or 1.48%, to 7,973.39. from Moneycontrol Latest News https://ift.tt/2zuQNb5 via Urmarketspy

A morning walk down Dalal Street | Traders need not get unduly perturbed; bulls may make a comeback

As long as the index sustains above 10,756 kinds of levels traders need not get unduly perturbed, suggest experts. from Moneycontrol Latest News https://www.moneycontrol.com/news/market-cues/a-morning-walk-down-dalal-street-|-traders-need-not-get-unduly-perturbed-bulls-may-makecomeback_12942001.html via Urmarketspy