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Showing posts from January, 2021

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

Fingers crossed: Dalal Street on the edge

As it happens ahead of every Budget, this time too market players are keeping their fingers crossed. The FM had said earlier that this fiscal event would be unlike anything that was seen in a century. from Stocks-Markets-Economic Times https://ift.tt/2MEEPFU via Urmarketspy

Stocks in the news: ICICI Bank, PVR, DLF, Kansai Nerolac, SJVN and IndusInd Bank

MRPL, Mastek, Subex, Reliance Infra, Reliance Capital and Rane Brake Lining are among major companies which will announce their December quarter results today. from Stocks-Markets-Economic Times https://ift.tt/3oBhwtF via Urmarketspy

View: It’s important to get real about what Budget can and cannot do

For starters, remember the budget is really a statement of GoI’s receipts and expenditure for the current year, and an estimate of receipts and expenditure for the next fiscal. It is not a magic wand that can dramatically set all our economic ills right. Two, it is the budget of the Union government. from Stocks-Markets-Economic Times https://ift.tt/3pAQgwF via Urmarketspy

Union Budget 2021: What to expect from FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman will begin presenting the Union Budget on February 1 at 11 am. from Moneycontrol Latest News https://ift.tt/3ae96TO via Urmarketspy

Republicans urge Joe Biden to scale back $1.9 trillion COVID-19 relief plan

Biden responded to the overture by inviting the Republican lawmakers to the White House this week for talks, spokeswoman Jen Psaki said, even as he continues to seek a comprehensive, large-scale measure. from Moneycontrol Latest News https://ift.tt/3j2WzGW via Urmarketspy

COVID-19 Vaccine Tracker News: Over 37 lakh beneficiaries receive the jab in India

The vaccination drive is being expanded to include other frontline workers such as police and civil administration staff. from Moneycontrol Latest News https://ift.tt/3ovCHNO via Urmarketspy

International flights on February 1: Here are flights operated by Air India under Vande Bharat

International flights: Check flights leaving for and from India during the COVID-19 pandemic. from Moneycontrol Latest News https://ift.tt/2L4gysa via Urmarketspy

Budget 2021: What aam aadmi, industry and market seek from FM Nirmala Sitharaman

Budget 2021-22: The aam aadmi, industry and market#39;s expectations assume greater significance this time due to the coronavirus pandemic’s impact on income levels, businesses and the economy. from Moneycontrol Latest News https://ift.tt/39AnneL via Urmarketspy

Oil treads warily higher amid patchy vaccine rollouts, new coronavirus variants

Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cents to $52.21. Both benchmarks gained nearly 8% in January. from Moneycontrol Latest News https://ift.tt/36tuyU0 via Urmarketspy

Union Budget 2021| What is union budget, why is it important other basic questions answered

Finance Minister Nirmala Sitharaman will present the Union Budget of India on February 1, 2021. from Moneycontrol Latest News https://www.moneycontrol.com/news/economy/union-budget-2021|-what-is-union-budgetis-it-importantother-basic-questions-answered_14730681.html via Urmarketspy

Agriculture Minister not giving correct facts on farm bills, Sharad Pawar counters Narendra Singh Tomar

In a series of late night tweets in Hindi, Pawar said, "@nstomar ji is not bringing out correct facts before people. He has been assuring that the new laws will not affect the mandis but farmers unions are of opinion that the provisions under law favour rival companies." from Moneycontrol Latest News https://ift.tt/3apsP3j via Urmarketspy

Budget 2021 Stocks in the news | Shree Cement, ICICI Bank, Tata Motors, Tech Mahindra, Cipla, DLF

Titan Company, IndusInd Bank, Vedanta, Bajaj Healthcare, Jaiprakash Associates, EIH, JK Lakshmi Cement, Sundaram-Clayton, Mahindra Logistics, Rupa Company, Dr Lal PathLabs are also among the stocks in focus today. from Moneycontrol Latest News https://www.moneycontrol.com/news/stocksnews/budget-2021-stocksthe-news-|-shree-cement-icici-bank-tata-motors-tech-mahindra-cipla-dlf_14730641.html via Urmarketspy

Union Budget 2021 | How coronavirus pandemic set the new normal for this day

The Union Budget 2021 is being keenly watched for the measure Finance Minister Nirmala Sitharaman will take to shore up the economy hit hard by the coronavirus outbreak. from Moneycontrol Latest News https://www.moneycontrol.com/news/economy/union-budget-2021-|-how-coronavirus-pandemic-setnew-normal-for-this-day_14730621.html via Urmarketspy

Local train services in Mumbai to resume for all commuters from today: Check all the details

Union Railways Minister Piyush Goyal said on Twitter. "My dear Mumbai citizens, for the convenience of all of you, the Mumbai local train will be started from February 1." from Moneycontrol Latest News https://ift.tt/3r9XGr6 via Urmarketspy

Explained: Crisis in Myanmar after army alleges election fraud

The move came after Myanmar#39;s powerful military triggered worry about a coup last week after threatening to "take action" over alleged fraud in a November election won by Suu Kyi#39;s National League for Democracy (NLD). from Moneycontrol Latest News https://ift.tt/2MjobeU via Urmarketspy

Events in troubled Myanmar since Aung Suu Kyi#39;s NLD party came to power

Here is a timeline of some key events in Myanmar#39;s recent turbulent history. from Moneycontrol Latest News https://ift.tt/39yBvF6 via Urmarketspy

Union Budget to play vital role in deciding market direction, say experts

The market is likely to remain highly volatile amid Union Budget and the ongoing earning season, say experts. If the Budget fails to meet expectations, which are running high, markets can slide further. from Moneycontrol Latest News https://ift.tt/2Mm8Avd via Urmarketspy

Farmers#39; Protest LIVE Updates | Farmer leaders say #39;respectful solution#39; should be found, won#39;t succumb to pressure

Farmers#39; Protest LIVE Updates: Despite an increasing number of barricades, thousands of farmers have been converging at Ghazipur on the Delhi-Uttar Pradesh border following a tearful Bharatiya Kisan Union leader Rakesh Tikait#39;s impassioned appeal to protesters to bolster the stir. from Moneycontrol Latest News https://www.moneycontrol.com/news/politics/farmers39-protest-live-updates-|-farmer-leaders-say-39respectful-solution39-should-be-found-won39t-succumb-to-pressure_14730541.html via Urmarketspy

Tech Views: 13,800 is the make-or-break level for Nifty

Technical analysts said the Nifty, which closed down 1.3% at 13,634.60, is expected to face resistance at 13,800 and head to 14,000-14,200 if that level is crossed. If the index breaks below 13,400-13,500, it may head down to 13,100-13,300, they said. from Stocks-Markets-Economic Times https://ift.tt/3aniKUi via Urmarketspy

Bulls & the Budget: Will markets end losing streak?

In 2018, it declined 6 per cent in the month while the loss in the benchmark index in 2019 over a similar period was 7 per cent. Last year, the Sensex fell 4 per cent in the month after the budget. from Stocks-Markets-Economic Times https://ift.tt/3pB2qpt via Urmarketspy

Military coup in Myanmar, Aung San Suu Kyi detained: Reports

All communications to Myanmar#39;s capital Naypyitaw appeared to have been cut and State Counsellor Aung San Suu Kyi#39;s National League for Democracy party could not be reached. from Moneycontrol Latest News https://ift.tt/2L42LSq via Urmarketspy

Exxon, Chevron CEOs discussed merger in early 2020

The talks between Exxon Chief Executive Darren Woods and Chevron CEO Mike Wirth were serious enough for legal documents involving certain aspects of the merger discussions to be drafted, a source told Reuters from Moneycontrol Latest News https://ift.tt/39C6jok via Urmarketspy

Union Budget 2021 LIVE Updates: FM Nirmala Sitharaman set to present Union Budget today

Budget 2021 LIVE News Updates: Finance Minister Nirmala Sitharaman will present the Union Budget today. It assumes greater significance amid economic disruption caused by the pandemic from Moneycontrol Latest News https://ift.tt/3cttDXe via Urmarketspy

Trade Setup: Wait for directional call to be clear before taking positions on Budget day

Analyzing the market in a mechanical manner ahead of the Budget would be meaningless as technical levels tends to get defied. from Stocks-Markets-Economic Times https://ift.tt/39DAY53 via Urmarketspy

Govt may give Cairn oil field instead of paying $1.4 billion

For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout. from Stocks-Markets-Economic Times https://ift.tt/3j6ycbA via Urmarketspy

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

Options data suggested a wider trading range between 13,200 and 14,000/14,200 levels ahead of the Budget. from Stocks-Markets-Economic Times https://ift.tt/2MGBcze via Urmarketspy

Long & Short of Markets: Will Sensex history repeat itself this Budget?

History shows that Budget means volatility on Dalal Street. from Stocks-Markets-Economic Times https://ift.tt/39zFb9S via Urmarketspy

Government mops up Rs 19,499 crore from CPSE disinvestment, buyback so far in FY21

FM Nirmala Sitharaman had in her budget for 2020-21 set a target of raising Rs 2.1 lakh crore from privatisation, sale of minority stakes in state-owned companies and share buyback by CPSEs. While Rs 1.20 lakh crore was to come from stake sale in CPSEs, Rs 90,000 crore was to be mopped up from share sale in financial institutions. from Stocks-Markets-Economic Times https://ift.tt/3acxOUA via Urmarketspy

What happens next in the GameStop showdown?: Mohamed A. El-Erian

As GameStop short squeeze plays out, who will surrender first? from Stocks-Markets-Economic Times https://ift.tt/2MaFjUn via Urmarketspy

Shriram Transport Fin may look at raising $250 mn via social bonds in Q4

As part of its $3 billion global medium term note programme, the deposit taking NBFC had raised $500 million at a coupon rate of 4.4 per cent. from Stocks-Markets-Economic Times https://ift.tt/3oAfvy2 via Urmarketspy

RBI likely to maintain status quo on interest rate, say experts

The six-member MPC headed by RBI Governor is scheduled to meet for three days starting February 3. The resolution meeting would be announced on February 5. from Stocks-Markets-Economic Times https://ift.tt/3ozMYbJ via Urmarketspy

Day trading guide for Monday

Weakness may be seen towards 13500 and 13300 levels while on the upside, immediate hurdle exists at 13,800 and 14,000 levels. from Stocks-Markets-Economic Times https://ift.tt/39yR2F3 via Urmarketspy

Tweet Buster: Investing lessons from cricket; Ian Cassel-style microcap ideas

Kochi-based ace investor Porinju Veliyath said the valuation gap between big stocks, that are chased by funds, and good stocks, thrown away by funds, is too big to ignore. from Stocks-Markets-Economic Times https://ift.tt/3tf159Q via Urmarketspy

The week that was: RIL’s worst since March, IIFL Finance’s best since 2014

The selling was driven by foreign portfolio investors, who on Friday alone net sold local stocks worth Rs. 5,930 crore – the highest single-day selling since March. from Stocks-Markets-Economic Times https://ift.tt/2Lan40M via Urmarketspy

FPIs net buyers at Rs 14,649 cr in January

According to FPI statistics available with depositories, overseas investors pumped in a net of Rs 19,473 crore into equities but pulled out Rs 4,824 crore from the debt segment between January 1 and January 29. from Stocks-Markets-Economic Times https://ift.tt/36vglGa via Urmarketspy

ETMarkets Investors' Guide: How should you position yourself for Budget Day?

from Stocks-Markets-Economic Times https://ift.tt/3oxSM5B via Urmarketspy

Dogecoin plunges after rally, sparking outcry on Reddit

The digital coin is down 46% in the last 24 hours and was at $0.02582 as of 4:35 p.m. in New York on Saturday, according to CoinMarketCap data. from Stocks-Markets-Economic Times https://ift.tt/3j4xmvD via Urmarketspy

A Reddit Army descends on hedge funds chained by risk models

Just why were the institutional pros forced to downsize their market exposures at the fastest pace since pandemic-spurred March rout? from Stocks-Markets-Economic Times https://ift.tt/3ahiE0p via Urmarketspy

Howard Marks calls GameStop episode ‘mob behaviour’, sees no systemic risk

Shares of GameStop have become the hottest topic in global financial markets after some retail traders, part of a Reddit group called ‘WallStreetBets’, organised a concerted buying that triggered a large-scale short squeeze. from Stocks-Markets-Economic Times https://ift.tt/3crvewT via Urmarketspy

Fed's Kaplan: We are 'not anywhere close' to QE taper

Before reducing the pace of those purchases, Kaplan said, he would want to see “evidence that we’ve weathered the pandemic,” including a decline in Covid-19 cases and hospitalisations. from Stocks-Markets-Economic Times https://ift.tt/36sz2Kv via Urmarketspy

Nine of 10 most valued firms take over Rs 3.96 lakh cr hit in m-cap; RIL biggest loser

Only ICICI Bank managed to witness addition in its market valuation the holiday-truncated last week. Its valuation rose by Rs 2,397.43 crore to Rs 3,70,773.35 crore. from Stocks-Markets-Economic Times https://ift.tt/39wk87Q via Urmarketspy

GameStop's 'Reddit rally' puts scrutiny on social media forums

Critics have emerged, accusing social media users of manipulating markets unlawfully by pumping shares of weak companies. from Stocks-Markets-Economic Times https://ift.tt/2MhnmDm via Urmarketspy

Billionaire Steve Cohen quits Twitter, citing threats in GameStop uproar

The small investors, connected on social media, mobilized to take on institutional short sellers of GameStop and other shares, sparking a short squeeze that sent those stock prices surging. from Stocks-Markets-Economic Times https://ift.tt/39D1onv via Urmarketspy

Sensex's rough ride may continue after Budget, shows history

History shows the recent rough ride for Indian stocks will continue after Monday’s Budget. from Stocks-Markets-Economic Times https://ift.tt/3aynJlp via Urmarketspy

India not easy place to invest, but has great upside potential, says Carlyle’s Rubenstein

Rubenstein said the lack of competition in the private equity space in India makes the country more attractive. from Stocks-Markets-Economic Times https://ift.tt/3r7Nwax via Urmarketspy

Budget 2021, RBI policy among key factors that may move market this week

The Union Budget and its announcement will remain the biggest focus point for the market as investors hope that the government will deliver a pro-cyclical stimulus to further strengthen the ongoing economic recovery. from Stocks-Markets-Economic Times https://ift.tt/3r7jtQl via Urmarketspy

Movers Shakers | Top 10 stocks that moved the most last week

Experts expect further correction towards 13,200 if it fails to hold on to 13,720. from Moneycontrol Latest News https://www.moneycontrol.com/news/buzzing-stocks/moversshakers-|-top-10-stocks-that-movedmost-last-week_14728421.html via Urmarketspy

European Union tightens COVID-19 vaccine export rules, creates post-Brexit outcry

Under the post-Brexit deal, EU products should still be able to travel unhindered from the bloc to Northern Ireland. from Moneycontrol Latest News https://ift.tt/3qZqZwo via Urmarketspy

SBI Life and Escorts among top 5 Budget picks: Kotak Securities  

The level of 13,700 is significant in terms of Fibonacci retracement support and a level of 50-Days SMA. A relief rally is more likely in the near term. from Moneycontrol Latest News https://www.moneycontrol.com/news/market-outlook/sbi-lifeescorts-among-top-5-budget-picks-kotak-securities- _14728381.html via Urmarketspy

Everything’s a joke until it’s not

Reddit communities grow powerful in plain sight. Why do they keep taking the world by surprise? from Moneycontrol Latest News https://www.moneycontrol.com/news/business/everything’sjoke-until-it’s-not_14728361.html via Urmarketspy