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Showing posts from August, 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

Margin rule takes effect today, Sebi rejects appeal for delay

So far, investors either had to transfer their shares to the brokers’ account or give power of attorney to the broker for availing leverage. In the new process, as the securities remain in investors’ own demat account, they will continue to enjoy all corporate benefits on their shares. from Stocks-Markets-Economic Times https://ift.tt/32LGspB via Urmarketspy

Market near peak, likely to trade in a range for some time: Nitin Raheja

Banks will see intermittent nervousness whenever some sort of broader nervousness creeps into the market. from Expert Views-Markets-Economic Times https://ift.tt/3hM8dV3 via Urmarketspy

Sell USDINR; target of 73.15: ICICI Direct

ICICI Direct US$INR futures started yesterday̢۪s trading with a strong rebound on the back of a sharp correction in domestic equities. from Moneycontrol Latest News https://ift.tt/3lxUHXA via Urmarketspy

JEE Main 2020 Live Updates: Exams to begin from today

Exams to be conducted from September 1 to September 6 with about 9.58 lakh students have registered for the exam across 660 centres. For needy students, a group of IIT alumni have launched a website for free transport facility to exam centres. States governments have also assured free transportation. from Moneycontrol Latest News https://ift.tt/2EJiHq7 via Urmarketspy

India strengthens military presence at all strategic points in Pangong lake area: Sources

The sources said a sizeable number of Chinese troops were moving towards the southern bank of Pangong lake in an attempt to occupy the area but the Indian Army quickly made a significant deployment to foil the attempt. from Moneycontrol Latest News https://ift.tt/32JJFFX via Urmarketspy

Bharti Infratel to proceed with Indus Tower merger, Vodafone to get Rs 4,000 crore for 11.15% holding

This is a basis cash consideration chosen by Vodafone Idea for its 11.15 percent shareholding in Indus, the company said from Moneycontrol Latest News https://ift.tt/32HVP2f via Urmarketspy

AGR Case LIVE Updates | Supreme Court verdict on telcos pleas expected at 11.30 am

AGR Case LIVE Updates | A Supreme Court bench led by Justice Arun Mishra will deliver the judgement on the repayment of adjusted gross revenue (AGR) dues by telecom companies. from Moneycontrol Latest News https://www.moneycontrol.com/news/business/agr-case-live-updates-|-supreme-court-verdicttelcos-pleas-expected-at-1130-am_14233801.html via Urmarketspy

Trade Spotlight: ICICI Bank, Sun Pharma, and Future Retail in focus

ICICI Bank fell more than 3 percent, Sun Pharma plunged more than 6 percent, and Future Retail was up 20 percent. from Moneycontrol Latest News https://ift.tt/34PjTmz via Urmarketspy

DAILY VOICE | Multibagger Opportunity? Last 3 years of bear market in small and midcap over

The broader base is the initial phase and then subsequently it is narrowed down to high earning growth sustainability where multibaggers are created. from Moneycontrol Latest News https://www.moneycontrol.com/news/market-edge/daily-voice-|-multibagger-opportunity-last-3-yearsbear-marketsmallmidcap-over_14233741.html via Urmarketspy

Asian stocks edge lower after Wall Street dips in month-end trade

Australia#39;s SP/ASX 200 lost 0.89% in early trading, while Japan#39;s Nikkei 225 fell 0.22%, Hong Kong#39;s Hang Seng index futures lost 0.38%. from Moneycontrol Latest News https://ift.tt/31LqOLG via Urmarketspy

International flights on September 1: Here are the flights operated by Air India under Vande Bharat Mission

International flights: Check flights leaving for and from India to bring back stranded Indians. from Moneycontrol Latest News https://ift.tt/3luPAr4 via Urmarketspy

COVID-19 impact | India#39;s GDP contraction worse than world#39;s top economies

In the April-June quarter, most of the world#39;s top economies were badly hit due to the pandemic, barring China from Moneycontrol Latest News https://www.moneycontrol.com/news/economy/covid-19-impact-|-india39s-gdp-contraction-worse-than-world39s-top-economies_14233601.html via Urmarketspy

Image gallery: Hyundai Venue iMT Sport

Image gallery: Hyundai Venue iMT Sport from Moneycontrol Latest News https://ift.tt/3gIexff via Urmarketspy

US Indo-Pacific strategy can#39;t succeed without India: American diplomat

The new Indo-Pacific strategy, which reflects the realities of the modern world, is focused around democracies, free markets and the values that India and its people share with the US and its people, Deputy Secretary of State Stephen Biegun said in his remarks at the US-India Strategic Forum during the third India US Leadership Summit. from Moneycontrol Latest News https://ift.tt/3bcs4up via Urmarketspy

Apple and Tesla shares surge after stock splits kick in

Apple jumped over 4% and Tesla rallied 10%, elevating the electric car maker#39;s market capitalization to over $440 billion, making it more valuable than companies including Walmart and Johnson Johnson . from Moneycontrol Latest News https://ift.tt/34Oa34k via Urmarketspy

Facebook partners with external researchers to study its impact during US election

The company said findings of the studies will not be published until the middle of next year, at the earliest. from Moneycontrol Latest News https://ift.tt/31HxDxI via Urmarketspy

How RIL discretly blocked rival Amazon out in Future retail biz

According to the contours of the deal between Future Group and RIL, the former will merge 19 retail and its related back-end infrastructure companies, including Future Retail, into Future Enterprises. This company will then transfer the retail and supply chain businesses to two separate arms of RIL. from Stocks-Markets-Economic Times https://ift.tt/3jpdh2i 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 60 points gain. from Moneycontrol Latest News https://ift.tt/3jAN15d via Urmarketspy

Stocks in the news | Bharti Airtel, LT, Biocon, MM, Aarey Drugs, Jindal Steel Power, India Grid Trust

Century Textiles, Bharat Dynamics, Jai Corp, Consolidated Construction Consortium, Pricol, JVL Agro Industries, NCL Industries, MRO-Tek Realty, Technocraft Industries, Mukand, Shree Renuka Sugars, Entertainment Network India, Company and TV Today Network, Sadbhav Infrastructure Project, Zensar Technologies, Rain Industries, Gujarat Narmada Valley Fertilizers, Prakash Industries, Seacoast Shipping Services, NHPC, Zuari Agro Chemicals, S Chand and Company, Dredging Corporation of India, Wockhardt, JB Chemicals Pharmaceuticals, JK Cement, BEML, Exide Industries, Sheela Foam, Aavas Financiers, Alankit, Bharti Airtel, CG Power Industrial Solutions, Future Enterprises, Future Retail, Jash Engineering are also in focus today. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocksnews/stocksthe-news-|-bharti-airtel-lt-biocon-mm-aarey-drugs-jindal-steelpower-india-grid-trust_14233461.html via Urmarketspy

Must assume that effective COVID-19 vaccine would not be available in near future: Experts

In a a joint statement submitted to the prime minister, experts of Indian Public Health Association (IPHA), Indian Association of Preventive and Social Medicine (IAPSM) and Indian Association of Epidemiologists (IAE) have said while being optimistic, the prevention and control strategy should also prepare for the worst. from Moneycontrol Latest News https://ift.tt/2EMpsHA via Urmarketspy

Take loan to pay GST compensation to states: Bhupesh Baghel to Centre

In a letter to Union Finance Minister Nirmala Sitharaman, Baghel sought Rs 2,828 crore for the state as GST compensation due for the financial year 2020-21, an official statement here said from Moneycontrol Latest News https://ift.tt/32Lek5I via Urmarketspy

Odisha lifts lockdown; cinema halls, places of worship to remain closed till September 30

The places which will remain closed to the public also include swimming pools, entertainment complexes, auditoria, assembly halls and similar places till September 30. from Moneycontrol Latest News https://ift.tt/3lAwwI6 via Urmarketspy

Coronavirus India News LIVE Updates | With 2,602 new COVID-19 cases, Odisha#39;s COVID-19 tally rises to 1,03,536

Coronavirus India News LIVE Updates: Total confirmed cases have risen to 36.2 lakh. India̢۪s COVID-19 recovery rate stands at 76.6 percent. from Moneycontrol Latest News https://www.moneycontrol.com/news/economy/coronavirus-india-news-live-updates-|-with-2602-new-covid-19-cases-odisha39s-covid-19-tally-rises-to-103536_14233421.html via Urmarketspy

US coronavirus cases top 6 million as Midwest, schools face outbreaks

Iowa, North Dakota, South Dakota and Minnesota have recently reported record one-day increases in new cases while Montana and Idaho are seeing record numbers of currently hospitalized COVID-19 patients. from Moneycontrol Latest News https://ift.tt/3gJ0E0e via Urmarketspy

Indian economy likely to see record quarterly slump as pandemic hits

Economists in a Reuters poll predicted that gross domestic product in world#39;s fifth-largest economy will contract by 18.3 percent in the June quarter, compared to 3.1 percent growth in the previous quarter, the worst performance in at least eight years. from Moneycontrol Latest News https://ift.tt/2EEdMXm via Urmarketspy

IDBI Bank tags Muthiah ‘wilful defaulter’

IDBI Bank has declared industrialist A C Muthiah as a ‘wilful defaulter’ after First Leasing Company of India, which he co-promoted, failed to repay a loan of Rs 508 crore. from Stocks-Markets-Economic Times https://ift.tt/2G7m1vr via Urmarketspy

Asian stocks reach 29-month top, China services surprisingly strong

E-Mini futures for the S&P 500 climbed another 0.5%, while EUROSTOXX 50 futures added 1%. from Stocks-Markets-Economic Times https://ift.tt/32zAPe0 via Urmarketspy

Stocks in the news: Reliance Industries, Future Retail, RBL Bank, Adani Ports, Shree Renuka and Suzlon

More than 100 companies are slated to report their June quarter results on Monday. from Stocks-Markets-Economic Times https://ift.tt/2EFJAez via Urmarketspy

Bank index likely to outperform Nifty, test 26,300 soon

“The index could outperform the Nifty for now and test the 26,300 mark over the next few sessions,” said Rajesh Palviya of Axis Securities. from Stocks-Markets-Economic Times https://ift.tt/3jutMtM via Urmarketspy

Future buyout to add more steam to RIL stock

To be sure, the valuation offered by Reliance Retail to acquire 13.14 per cent in Future Enterprises may not be the most accurate benchmark as the investment amount is only 10 per cent of the entire deal transaction, and details of the agreement are unknown. from Stocks-Markets-Economic Times https://ift.tt/32Hf5wK via Urmarketspy

YES Bank tightens noose around Jet Airways founder Naresh Goyal

The private sector lender has initiated the process to categorise Goyal and his wife Anitia as `wilful defaulters’. A ‘wilful defaulter’ tag by banks may stain the reputation of persons and restrict their ability to borrow and hold board positions in companies. from Stocks-Markets-Economic Times https://ift.tt/2YQDWNH via Urmarketspy

International flights on August 31: Here are the flights operated by Air India under Vande Bharat Mission

International flights: Check flights leaving for and from India to bring back stranded Indians. from Moneycontrol Latest News https://ift.tt/31HKfoH via Urmarketspy

Stocks in the news: RIL, RBL Bank, Ramkrishna Forgings, Indian Energy Exchange, ICICI Pru Life

RITES, Paramount Communications, National Plastic Tech, Sheela Foam, Patel Integrated are also among the stocks in focus today. from Moneycontrol Latest News https://ift.tt/3gGehgM via Urmarketspy

Asian stocks reach 29-month top, China services surprisingly strong

MSCI#39;s broadest index of Asia-Pacific shares outside Japan rose 0.5% to reach its highest since March 2018, extending a 2.8% gain last week. from Moneycontrol Latest News https://ift.tt/3gE47Nr 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 52 points gain. from Moneycontrol Latest News https://ift.tt/2QGbMAi via Urmarketspy

Growth in China#39;s factory activity slows in August, floods disrupt production

The official manufacturing Purchasing Manager#39;s Index (PMI) fell slightly to 51 in August from 51.1 in July, data from the National Bureau of Statistics showed on Monday. It remained above the 50-point mark that separates growth from contraction on a monthly basis. from Moneycontrol Latest News https://ift.tt/3bbJp6w via Urmarketspy

Japan industrial output rises for second month but retail sales fall again

But retail sales fell for a fifth straight month and at a somewhat faster pace, a worrying sign for private consumption, which accounts for more than half of the world#39;s third-largest economy. from Moneycontrol Latest News https://ift.tt/3jtWPhk via Urmarketspy

Gold hits near two-week high on weaker dollar, dovish Fed signals

Spot gold was up 0.4% at $1,971.68 per ounce by 0043 GMT, after hitting its highest since Aug. 19 at $1,976 in early Asian trade. However, gold is down nearly 0.2% so far this month. from Moneycontrol Latest News https://ift.tt/3gNhtHb via Urmarketspy

Big Oil is in trouble. Its plan: flood Africa with plastic

Faced with plunging profits and a climate crisis that threatens fossil fuels, the industry is demanding a trade deal that weakens Kenya̢۪s rules on plastics and on imports of American trash. from Moneycontrol Latest News https://ift.tt/2DiETqw via Urmarketspy

Congress demands discussion in Parliament over Chinese activities on border

Addressing a joint virtual press conference, Congress leaders Rajiv Shukla and Gaurav Gogoi said the government should discuss the issue during the Monsoon session of Parliament and Prime Minister Narendra Modi should respond to the concerns of all. from Moneycontrol Latest News https://ift.tt/3jlT5OO via Urmarketspy

Refund charges collected since January 1 on UPI, RuPay transactions: Tax department to banks

The Central Board of Direct Taxes (CBDT), in a circular on #39;imposition of charge on the prescribed electronic modes under section 269SU of I-T Act#39;, also advised banks not to impose any charges on any future transactions carried out through these modes. from Moneycontrol Latest News https://ift.tt/34M3D5D via Urmarketspy

Oil prices edge up on stimulus support despite ample supplies

Brent crude futures for November climbed 27 cents, or 0.6%, to $46.08 a barrel by 0038 GMT, while U.S. West Texas Intermediate crude was at $43.11 a barrel, up 14 cents, or 0.3%. from Moneycontrol Latest News https://ift.tt/2G7lXfb via Urmarketspy

Unlock 4: UP govt issues guidelines; schools, colleges to remain closed till September 30

Metro trains will be allowed to resume from September 7 in a phased manner, an official order said. For this, the standard operating procedure will be issued separately. from Moneycontrol Latest News https://ift.tt/31IX55K via Urmarketspy

SBM Bank India wants to be an Amazon of banking

The state-owned Mauritian lender got the licence to operate full-banking services from the Reserve Bank in December 2018 and began operations the next year. Singaporean DBS Bank is the only other foreign bank to operate a fully-owned subsidiary here after operating on a branch model for long, while lenders from Oman and Korea are awaiting licences from the regulator. from Moneycontrol Latest News https://ift.tt/3jrHZI4 via Urmarketspy

NEP 2020 lacks clarity, cannot be applicable to entire country: Bengal govt panel

In a vast country like India, which has a diversified socio-economic condition, a common yardstick cannot be applied to all states especially at the primary and secondary levels of education and this has been enunciated in the report, the member said. from Moneycontrol Latest News https://ift.tt/31F6pro via Urmarketspy

Hot Stocks | Canara Bank, Info Edge and JSW Steel, three trading ideas for this week

As far as levels are concerned, 11,700-11,750 remains an immediate hurdle which coincides with a multi-month upward sloping trendline. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocks-views/hot-stocks-|-canara-bank-info-edgejsw-steel-three-trading-ideas-for-this-week_14228881.html via Urmarketspy

Firms in hospitality, aviation, tourism sectors likely to seek loan recast: Bankers

Micro, small and medium enterprises (MSME) are already covered under the ongoing restructuring scheme which was tweaked earlier this month to cover those impacted by COVID-19 crisis. from Moneycontrol Latest News https://ift.tt/2QJEVKR via Urmarketspy

Pensioners to get ePPO in their DigiLocker directly: Jitendra Singh

Singh said this measure is a digital leap in a bid to ensure that during the COVID-19 pandemic, new pensioners are not forced to accept physical copy of their pension payment order. from Moneycontrol Latest News https://ift.tt/32GxQjU via Urmarketspy

Lionel Messi contract is valid, says La Liga, after he fails to attend medical

The ruling body said the only way for the Argentine forward to be released from the contract was to trigger a 700-million euros ($833 million) release clause. from Moneycontrol Latest News https://ift.tt/3lA4E6G via Urmarketspy

Record over 10.5 lakh COVID-19 tests in a day takes India#39;s total tests past 4.14 crore

The exponential jump in testing capacity and the number of tests has resulted in an upsurge in Tests Per Million to 30,044 as on date, it highlighted. from Moneycontrol Latest News https://ift.tt/3b8z6QC via Urmarketspy