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Showing posts from June, 2020

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

Brokerages’ views mixed on Glenmark Pharma

Shares of Glenmark declined 3.7 per cent to close at Rs 450 on Tuesday. from Stocks-Markets-Economic Times https://ift.tt/2YO2oj0 via Urmarketspy

Tata Steel Europe units may get Tata Sons infusion

"We are doing what can be done to be as lean and efficient as possible. It really is Tata Steel’s responsibility and we will do as much as possible to work out a solution from our end. We do not have a window to our promoter’s view on this,” said a top executive close to Tata Steel. from Stocks-Markets-Economic Times https://ift.tt/3ibu2hw via Urmarketspy

Buy Max Financial Services, target price Rs 565: Suruchi Kapoor

The analyst suggested a stoploss at Rs 520. from Stocks-Markets-Economic Times https://ift.tt/2NJ1Kgn via Urmarketspy

Buy SBI Life Insurance Company, target price Rs 850: Suruchi Kapoor

The analyst suggested a stoploss at Rs 782. from Stocks-Markets-Economic Times https://ift.tt/2ZtiEVX via Urmarketspy

SBI group to hire about 2,000 people

While people with experience in rural and agriculture will be recruited through newly set up micro finance vertical, appointments will take place in sales and call centres expanding credit card business. from Stocks-Markets-Economic Times https://ift.tt/31tKJip via Urmarketspy

#39;Traders can retain long-short combo positions till Nifty is around 10,200#39;

The pattern setup is yet another sign of diminishing strength a breakdown below 10,200 from hereon would confirm the bearish reversal pattern commencement of the counter trend. from Moneycontrol Latest News https://ift.tt/2YKJoSt via Urmarketspy

Vodafone Idea posts Rs 11,643 crore Q4 loss on one-time AGR charge

Net debt stood at Rs 112,520 cr compared with Rs 103,310 crore in the previous quarter. from Stocks-Markets-Economic Times https://ift.tt/2YNQkOF via Urmarketspy

US stocks-S&P 500 ends best quarter since 1998 on a high note

Coming off a drop of 20% in the first quarter, the biggest quarterly decline since the financial crisis in the fourth quarter of 2008, the S&P rallied more than 19.95% to notch its biggest quarterly gain since 1998, at the height of the tech boom. from Stocks-Markets-Economic Times https://ift.tt/2BQAyd5 via Urmarketspy

Vodafone Idea to divest stake in Indus Towers after Infratel merger

The Indus-Infratel merger has received foreign direct investment (FDI) approval and is slated to be completed by August 31. from Moneycontrol Latest News https://ift.tt/2VA5wwR via Urmarketspy

In pics | Stocks in the news: ONGC, Hero MotoCorp, RITES, Cyient, Lakshmi Vilas Bank, Marico, Bharti Airtel

Gayatri Projects | Ahluwalia Contracts | Munjal Showa | Godfrey Phillips | Techno Electric | Kalpataru Power | Punjab Alkalies | Marico | APL Apollo Tubes | Cupid | Laurus Labs | Emami Realty | JSPL | Uflex | Goa Carbon | Munjal Auto Industries are also in focus today. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocksnews/in-pics-|-stocksthe-news-ongc-hero-motocorp-rites-cyient-lakshmi-vilas-bank-marico-bharti-airtel_13981801.html 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 index in India with a 45 points loss. from Moneycontrol Latest News https://ift.tt/2Vx6Pg2 via Urmarketspy

Railways to expand Mumbai local services from today, but only essential services personnel allowed

Ƃ¨Railways to expand to 350 local trains in Mumbai from tomorrow. As identified by State govt., essential staff incl. employees of Centre, IT, GST, Customs, Postal, Nationalised Banks, MBPT, Judiciary, Defence Raj Bhavan allowed. No services yet for general passengers," Goyal tweeted. from Moneycontrol Latest News https://ift.tt/3gfabMy via Urmarketspy

West Bengal urges Centre not to schedule flights from 8 cities with high COVID-19 cases

In a letter to Civil Aviation Secretary P S Kharola, West Bengal Chief Secretary Rajiva Sinha requested him to stop the movement of flights from eight cities to Kolkata or Bagdogra for two weeks starting July 6. from Moneycontrol Latest News https://ift.tt/2NJ3TZt via Urmarketspy

US slams China over new Hong Kong security law; Mike Pompeo says it#39;s a sad day

Chinese President Xi Jinping on Tuesday signed a controversial security law that gave Beijing new powers over Hong Kong that are tailor-made to crackdown against dissent, criminalising sedition and effectively curtailing protests, amidst global anger and outrage in the former British colony. from Moneycontrol Latest News https://ift.tt/3icv1y9 via Urmarketspy

Microsoft unveils new initiative to provide digital skills to 25 million people globally

Expanded access to digital skills is an important step in accelerating economic recovery, especially for the people hardest hit by job losses, the company said in a blog post. from Moneycontrol Latest News https://ift.tt/2VuU5Xi via Urmarketspy

Airbus shedding 15,000 jobs, mostly in Europe

Ć¢€œWith air traffic not expected to recover to pre-COVID levels before 2023 and potentially as late as 2025, Airbus now needs to take additional measures,Ć¢€ the company said in a statement. from Moneycontrol Latest News https://ift.tt/2BgVOJ5 via Urmarketspy

SP 500 ends best quarter since 1998 on a high note

The Dow Jones Industrial Average rose 217.08 points, or 0.85%, to 25,812.88, the SP 500 gained 47.05 points, or 1.54%, to 3,100.29 and the Nasdaq Composite added 184.61 points, or 1.87%, to 10,058.77. from Moneycontrol Latest News https://ift.tt/3gkh13H via Urmarketspy

Hot Stocks | Upside seen in HUL, ACC, Dabur India in short term

Nifty was seen consolidating in the range of 10,200 to 10,400 with prices holding well above its 200-days exponential moving average on weekly charts. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocks-views/hot-stocks-|-upside-seenhul-acc-dabur-indiashort-term_13981601.html via Urmarketspy

Carlyle to buy 25% stake in Bharti Airtel#39;s data centre business for $235 million

Carlyle Group will make the investment in Bharti Airtel#39;s Nxtra Data at a valuation of $1.2 billion. from Moneycontrol Latest News https://ift.tt/3dPuKxu via Urmarketspy

Indian private firms seen developing 15 million tonnes capacity coal mines this year: Minister

Prime Minister Narendra Modi this month officially launched the auction of 41 coal mines to companies including those in the private sector, with an annual production capacity that is nearly one third of national total output. from Moneycontrol Latest News https://ift.tt/2BQ9kmK via Urmarketspy

Oil rises after sharp drop in US crude inventories

Brent crude rose 33 cents, or 0.8%, to $41.60 a barrel by 0044 GMT after declining more than 1% on Tuesday. U.S. crude was up 42 cents, or 1.1%, at $39.69 a barrel, having dropped by 1.1% in the previous session. from Moneycontrol Latest News https://ift.tt/3dIB0qU via Urmarketspy

Essar group places bid for Petrobras#39; Bahia refinery: Sources

Petrobras, as Brazil#39;s state-controlled oil producer is known, has received at least two offers for the 323,000 barrels per day Landulpho Alves refinery in Bahia, known as Rlam. The other is from Abu Dhabi#39;s Mubadala Investment Company. from Moneycontrol Latest News https://ift.tt/3gf747k via Urmarketspy

Asian markets set for shaky start amid mixed cues

Stocks futures were mixed in early Asian trade with e-mini for the SP 500 down 0.19% while with Japan#39;s Nikkei 225 futures rose 0.2%. from Moneycontrol Latest News https://ift.tt/31whoE3 via Urmarketspy

Jerome Powell says US economy facing heightened uncertainty

"A full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activities," Powell says in testimony he is scheduled to deliver on Tuesday in an appearance with Treasury Secretary Steven Mnuchin before the House Financial Services Committee. from Moneycontrol Latest News https://ift.tt/2ZlwwkT via Urmarketspy

Dilip Buildcon raises Rs 200 crore through NCDs

Dilip Buildcon said it has raised Rs 200 crore through an issue of non-convertible debentures (NCDs) on a private placement basis. from Moneycontrol Latest News https://ift.tt/3dKhFpl via Urmarketspy

Google removes misleading ads related to voting, elections

Some of the ads charged fees for registering people to vote, while others sucked up people#39;s personal information for marketing purposes. The ads were discovered by the nonprofit tech watchdog Tech Transparency Project. from Moneycontrol Latest News https://ift.tt/3g5Q03y via Urmarketspy

RIL close to buying Future’s retail business

Several other players like US-based retail giant Amazon had evinced interest in Future Group. from Stocks-Markets-Economic Times https://ift.tt/2VvcUtD via Urmarketspy

Stocks in the news: Vodafone Idea, Axis Bank, ONGC, Tata Steel and Aditya Birla Fashion

Deepak Fertilisers, Goa Carbon and Ircon International, are among the companies scheduled to announce their results on Tuesday. from Stocks-Markets-Economic Times https://ift.tt/38dTiPR via Urmarketspy

Mutual fund investors give middlemen the slip

Direct schemes do not entail distributor’s fee, which crimps the NAV of a unit. from Stocks-Markets-Economic Times https://ift.tt/2VwrdOr via Urmarketspy

Buy Ipca Laboratories, target price Rs 1,774: Dharmesh Shah

The analyst suggested a stoploss at Rs 1625. from Stocks-Markets-Economic Times https://ift.tt/2ZskWEO via Urmarketspy

The curious case of stock rallies after investor meets

Companies are required to disclose meetings with investors to stock exchanges. from Stocks-Markets-Economic Times https://ift.tt/2CWWpA9 via Urmarketspy

Buy Tata Consultancy Services, target price Rs 2,210: Dharmesh Shah

The analyst suggested a stoploss at Rs 2040. from Stocks-Markets-Economic Times https://ift.tt/2AfDHmd via Urmarketspy

SBI MF, Damani take stakes in Andhra Paper

Andhra Paper reported earnings per share of Rs 53 for the year ended March 2020 from Stocks-Markets-Economic Times https://ift.tt/3dMKIsl via Urmarketspy

Dow ends up 2.3% as US stocks bounce from Friday rout

The broad-based S&P 500 gained 1.5 percent to 3,053.24, while the tech-rich Nasdaq Composite Index advanced 1.2 percent to 9,874.15. Major indices lost more than two percent on Friday as coronavirus case spikes in numerous southern and western states exacerbated worries the US economic recovery would be derailed. from Stocks-Markets-Economic Times https://ift.tt/2VvcGCO via Urmarketspy

PM Modi to address the nation at 4 pm today

PM Modi#39;s address comes in the backdrop of government#39;s decision to ban 59 Chinese apps including Tiktok, Helo and UC Browser amid the strain in ties with Beijing from Moneycontrol Latest News https://ift.tt/38ejARU via Urmarketspy

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

Trends on SGX Nifty indicate a positive opening for the index in India with a 62 points gain. from Moneycontrol Latest News https://ift.tt/31swxGk via Urmarketspy

Donald Trump has no problem with masks, believes it#39;s a personal choice: Kayleigh McEnany

"Its his choice to wear a mask. It#39;s the personal choice of any individual as to whether to wear a mask or not," McEnany said, when asked about a new mandate to wear masks in Jacksonville, Florida, where part of the Republican nominating convention will be held. from Moneycontrol Latest News https://ift.tt/3gbrkH7 via Urmarketspy

Hot Stocks | Bharti Airtel, Britannia, JK Cement are buys for the short term

Nifty has been trading in the rising wedge pattern on the daily charts. The lower band of this wedge projects the strong support at 10,050-10,100 levels. Close below this support, would mean breakdown for the short to medium term in Nifty. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocks-views/hot-stocks-|-bharti-airtel-britannia-jk-cementbuys-forshort-term_13972641.html via Urmarketspy

China#39;s June factory activity quickens to three-month high: Official PMI

The official manufacturing Purchasing Manager#39;s Index (PMI) rose to a three-month high of 50.9 in June from 50.6 in May, above the 50-point mark that separates growth from contraction on a monthly basis. Analysts had expected it to slow to 50.4. from Moneycontrol Latest News https://ift.tt/2CTomZw via Urmarketspy

Gilead prices COVID-19 drug remdesivir at $2,340 per patient in developed nations

The price tag is slightly below the range of $2,520 to $2,800 suggested last week by U.S. drug pricing research group the Institute for Clinical and Economic Review (ICER) after British researchers said they found that the cheap, widely available steroid dexamethasone significantly reduced mortality among severely ill COVID-19 patients. from Moneycontrol Latest News https://ift.tt/3dM9UPy via Urmarketspy

Exclusive: Edtech startup Vedantu to raise $100 million, double valuation to $600 million in just 3 months

Vedantu was valued at $280 million in April, according to an Entrackr report. from Moneycontrol Latest News https://ift.tt/2VwcEu7 via Urmarketspy

Wall Street ends higher on Boeing bump, stimulus eyed

The Dow Jones Industrial Average rose 580.25 points, or 2.32%, to 25,595.8, the SP 500 gained 44.19 points, or 1.47%, to 3,053.24 and the Nasdaq Composite added 116.93 points, or 1.2%, to 9,874.15. from Moneycontrol Latest News https://ift.tt/2NH6GSU via Urmarketspy

Asia stocks set to rise on upbeat data, focus on China PMI

Australian SP/ASX 200 futures rose 1.15% while Japan#39;s Nikkei 225 futures ticked up 0.11%. Hong Kong#39;s Hang Seng index futures climbed 0.62%. from Moneycontrol Latest News https://ift.tt/31uPJ6w via Urmarketspy

Coronavirus India News LIVE Updates: PM Modi to address nation at 4 pm; Delhi#39;s COVID-19 tally crosses 85,000

Coronavirus India LIVE Updates: Total confirmed cases in India have risen to 5.48 lakh. from Moneycontrol Latest News https://ift.tt/2Zqc16u via Urmarketspy

Kerala SSLC Result 2020 LIVE Updates: Results to be declared at 11 am today on keralaresults.nic.in

Kerala SSLC result 2020 LIVE Updates: More than 4.20 lakh students had registered for the Kerala board Class 10 examinations this year. from Moneycontrol Latest News https://ift.tt/3ioPxvA via Urmarketspy

Kerala SSLC Result 2020 LIVE Updates: Results to be declared at 11 am today

Kerala SSLC result 2020 LIVE Updates: More than 4.20 lakh students had registered for the Kerala board Class 10 examinations this year. from Moneycontrol Latest News https://ift.tt/2BN9BHc via Urmarketspy

Hot Stocks | PFC, Bodal Chemicals, Maruti Suzuki can give double-digit return in short term

The banking index managed to give a #39;cup and handle#39; pattern breakout by closing above 21,100 and the target, as per the pattern, will reach 24,000 which suggests a bullish movement ahead in mid-term. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocks-views/hot-stocks-|-pfc-bodal-chemicals-maruti-suzuki-can-give-double-digit-returnshort-term_13964821.html via Urmarketspy

In pics | Stocks in the news: ITC, IOC, Dish TV, Orient Paper, HUDCO, South Indian Bank, Tourism Finance Corp

Coal India, Eveready Industries, Andhra Paper, Phoenix Mills and Nalco are also some of the stocks in focus today from Moneycontrol Latest News https://www.moneycontrol.com/news/stocksnews/in-pics-|-stocksthe-news-itc-ioc-dish-tv-orient-paper-hudco-south-indian-bank-tourism-finance-corp_13964781.html via Urmarketspy

Oil falls in second straight session as virus cools demand

Brent crude dropped 66 cents, or 1.6%, to $40.36 a barrel by 1150 GMT while U.S. crude was at $37.86, down 63 cents, or 1.6%. from Moneycontrol Latest News https://ift.tt/3id9HIz via Urmarketspy

World Bank clears $500 million to improve quality of education system

The board approved a loan for Strengthening Teaching-Learning and Results for States Program (STARS) on June 24, 2020, the World Bank said in a statement. from Moneycontrol Latest News https://ift.tt/2CH9lK3 via Urmarketspy