Tuesday 31 January 2017

Research Infotech Opening Bell

1st February’17 By #ResearchInfotech #MORNING MARKET UPDATES
■■ The #BSE #SENSEX OPEN @ 27669.08(+13.12)
■■ The #NSE #NIFTY OPEN @ 8570.35 (+9.05)
■■ #BANKNIFTY OPEN @ 19522.40(+7.25)
Research Infotech provides you accurate tips related to the stock and share market with great accuracy percentile. For more information visit:- www.researchinfotech.in and Call : 8982890444

Research Infotech Closing Bell

NIFTY CLOSE @ 8561.30 (-71.45)

SENSEX CLOSE @ 27655.96(-193.60)
BANK NIFTY CLOSE @ 19515.15(-70.10)
Any Information Visit : www.researchinfotech.in and Call : 8982890444

H-1B Reform Bill Introduced in US House of Representatives

A legislation has been introduced in the US House of Representatives which among other things calls for more than doubling the minimum salary of H-1B visa holders to USD 130,000, making it difficult for firms to use the programme to replace American employees with foreign workers, including from India.
The High-Skilled Integrity and Fairness Act of 2017 introduced by California Congressman Zoe Lofgren prioritises market based allocation of visas to those companies willing to pay 200 per cent of a wage calculated by survey, eliminates the category of lowest pay, and raises the salary level at which H-1B dependent employer are exempt from non displacement and recruitment attestation requirements to greater than USD 130,000.
This is more than double of the current H-1B minimum wage of USD 60,000 which was established in 1989 and since then has remained unchanged.

India Economic Survey 2017 LIVE: Arvind Subramanian says economy stable despite cash ban, FCNR
The Economic Survey should be tabled anytime now. CEA Arvind Subramanian will hold a press conference outlining its key takeaways at 1 pm.
There will be plenty of interesting economic concepts that are expected to find a mention in the Economic Survey. For instance, universal basic income is something that might find a mention.
Key takeaways from the President’s speech:
– Focus on urban infrastructure continues with an outlay of Rs 50,000 crore. Metro rail for 4 cities has been sanctioned along with extension of Chennai metro has been approved. Reflects the continuing commitment of the government to upgrade infrastructure, which is vital to efficiency and export competitiveness.
– Various measures to curb black money has been taken which will continue to remain the focus area. This should help achieve the twin objects of widening the tax base as well as lowering tax rates wherever possible.
We’ll keep getting you catchy bytes from the President’s speech.
The tabling of the Economic Survey should take place shortly. The survey, running into hundreds of pages, provides an insight into the government’s thinking on economic issues even as some critics choose to look upon it as nothing more than the CEA’s wish-list, which is rarely acted upon.
Still, for anyone who closely tracks the economy, it offers a treasure trove of data through which to evaluate it.
Other highlights from the President’s speech:
– Sowing area has shown 6 percent improvement in yields during rabi season
– 1.4 lakh villages declared defecation free
– Free gas connections provided to 5 crore households
– ‘Beti Bachao Beti Padhao’ Yojana yielding encouraging results
– Rs 6,000 crore announced to boost employment and exports in apparels industry
– 1 crore bank accounts have been opened for young girls
“My government has taken proactive steps to control prices of pulses, to protect farmers’ interest and those of consumer. Eight lakh tonnes of pulses have been procured,” the President says.
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Monday 30 January 2017

India Economic Survey 2017 : FM To Table Report in Parliament Shortly

The Tabling of the Economic Survey should take place shortly. The survey, a several hundred page document, provides an insight into the government's thinking on economic issues even as some critics choose to look upon it as nothing more than the CEA's wish-list, which is rarely acted upon.
Other Highlights from the President's Speech: -

Sowing Area has shown 6 percent improvement in yields during rabi season - 1.4 lakh villages declared defecation free - Free gas connections provided to 5 crore households - 'Beti Bachao Beti Padhao' Yojana yielding encouraging results - Rs 6,000 crore announced to boost employment and exports in apparels industry - 1 crore bank accounts have been opened for young girls. More Information visit : www.researchinfotech.in and Call : 8982890444

Research Infotech Opening Bell - Nifty Below 8600, Sensex in Red Ahead of Economic Survey

The Sensex is down 130.03 points or 0.5 percent at 27719.53 and the Nifty is down 44.05 points or 0.5 percent at 8588.70. About 607 shares have advanced, 986 shares declined, and 167 shares are unchanged. ONGC, Tata Steel, Bharti Airtel, Adani Ports amd ITC are top gainers while Coal India, GAIL, Tata Motors, Infosys and TCS are losers in the Sensex.

The Indian rupee rose in the early trade on Tuesday. It has opened higher by 11 paise at 67.84 per dollar versus previous close 67.95. 

Asian shares rattled by Trump travel curb orders, dollar soft : -

Asian shares rattled by Trump travel curb orders, dollar soft Asian shares were on the defensive on Tuesday as stringent curbs on travel to the US ordered by President Donald Trump brought home to investors that he is serious about putting his radical campaign pledges into action.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent while Japan’s Nikkei dropped 1.1 percent.
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Research Infotech Closing Bell - Sensex, Nifty, Midcap Volatile

Benchmark indices as well as broader markets continued to consolidate as investors awaited Union Budget that will be presented in parliament on February 1. The Nifty already saw pre-Budget rally, up 9 percent in last one month.
The 30-share BSE Sensex was up 9.92 points at 27892.38 and the 50-share NSE Nifty fell 2.25 points to 8639.
The Union Budget 2017 will be a tightrope for Finance Minister Arun Jaitley to boost public spending and also keep deficit within limits, Ravi S Muthukrishnan of ICICI Securities says. Any Information Please Visit : www.researchinfotech.in and Call : 8982890444

Gainers
SymbolLTP% chngVolume
IDEA
BHARTIARTL
GRASIM
RELIANCE
TECHM
98.00
346.40
972.00
1,044.95
472.10
25.64
7.00
4.38
1.94
1.07
15,48,49,602
2,09,45,679
45,97,597
35,83,370
30,23,513

Losers
SymbolLTP% chngVolume
INFRATEL
AUROPHARMA
TATAMOTORS
TATASTEEL
TATAMTRDVR
327.50
696.00
532.75
462.20
337.00
-7.46
-2.47
-1.70
-1.51
-1.42
31,42,178
12,93,892
41,63,251
33,20,573
11,32,606

Nifty Continues To Struggle Below 8650 | Vodafone Confirms Merger Talks with Idea Cellular

Consolidation continued on equity benchmarks ahead of the Union Budget on February 1. The 30-share Sensex was trading flat with a negative bias at 27867.73, while the broader index Nifty was trading lower by 0.12 percent at 8630.95.
About 1,097 shares have advanced, 1,183 shares declined, and 256 shares are unchanged.
Bharti Airtel and Sun Pharma were top gainers in the Sensex, with gains of 4.28 percent and 1.69 percent, respectively. Hero MotoCorp and Tata Motors were the top losers on the index, after having lost 1.49 percent and 1.48 percent respectively. Telecom stocks were the top gainers on the Nifty, with Idea Cellular gaining 7.12 percent.
The stock is witnessing strong movements on rumours of a merger from Vodafone. Aurobindo Pharma was the top loser on the index after having lost 1.48 percent.
Any Information Please Visit : www.researchinfotech.in and Call : 8982890444

Sunday 29 January 2017

Research Infotech Morning Update : - Sensex, Nifty Start Budget Week Flat

The Market has opened in red on the crucial Budget week. The Sensex is down 16.18 points at 27866.28, and the Nifty down 8.10 points at 8633.15. About 197 shares have advanced, 131 shares declined, and 112 shares are unchanged. ITC, L&T, ICICI Bank, Sun Pharma and ONGC are top gainers while Infosys, Tata Motors, Adani Ports, Axis Bank and HDFC Banks are losers in the Sensex.
The Indian rupee opened marginally lower at 68.06 per dollar on Monday versus Friday's close 68.04. Any Information please visit : www.researchinfotech.in and Call : 8982890444

Friday 27 January 2017

Research Infotech Closing Bell - Nifty Below 8650; Bharti & BHEL up 3-6%, ITC Falls 3%

The Market has become weak with index heavy weight ITC dragging 3 percent. The Sensex is up 166.49 points or 0.6 percent at 27874.63, and the Nifty up 37.90 points or 0.4 percent at 8640.65. About 1365 shares have advanced, 1317 shares declined, and 294 shares are unchanged.
BHEL, ICICI Bank, Bharti, NTPC and SBI are top gainers while ITC, Lupin, Wipro, HUL and Asian Paints are losers in the Sensex. 
Any Information Please Visit : www.researchinfotech.in and Call : 8982890444

Nifty Eyes 8700, Sensex Strong; Banks, Infra Stocks up

The Market is still holding gains with the Nifty eyeing 8700. The Nifty is up 67.40 points or 0.9 percent at 8670.15 and the Sensex is up 251.96 points or 0.9 percent at 27960.10. About 1523 shares have advanced, 932 shares declined, and 262 shares are unchanged.
BHEL, ICICI Bank, Axis Bank, GAIL and HDFC were top gainers while Wipto, Lupin, HUL, Tata Motors and Cipla are losers in the Sensex.

The Union budget is going to be a “market-neutral” event as policymakers are not likely to change their policy stance and will continue to focus on fiscal consolidation, says a Morgan Stanley report.
“We do not expect major changes in the conduct of fiscal policy and hence, view the budget as a market-neutral event,” Morgan Stanley said in a research note.
The Union budget for 2017-18 is due to be presented on February 1.Any Information Please Visit : www.researchinfotech.in and Call : 8982890444

Thursday 26 January 2017

Research Infotech Morning Update : - Nifty Reclaims 8650, Sensex Surges Over 150 pts

The Market has opened February Futures and Options (F&O) series on a strong note with the Nifty above 8600. The Nifty is up 22.05 points or 0.3 percent at 8624.80 while the Sensex is up 122.76 points or 0.4 percent at 27830.90.
GAIL, BHEL, ICICI Bank, TCS and Sun Pharma are top gainers while Wipro, Dr Reddy's Labs, Lupin and Tata Steel are losers in the Sensex. The Indian rupee opened lower by 10 paise at 68.18 per dollar on Friday versus Wednesday's closing of 68.08. Any Information Please Visit : www.researchinfotech.in and Call : 8982890444


Wednesday 25 January 2017

Sensex gains 200pts, Nifty above 8550; Kotak Mahindra Bank up 7%

Equity benchmarks extended rally in afternoon trade, with the Nifty reclaiming 8550 level ahead of expiry of January futures & options contracts.
The 30-share BSE Sensex was up 198.57 points at 27574.15 and the 50-share NSE Nifty rose 81.40 points or 0.96 percent to 8557.20.
The broader markets also traded in line with benchmarks. The BSE Midcap and Smallcap indices gained 1 percent each on positive market breadth. About 1420 shares advanced against 1161 declining shares on the BSE.
Kotak Mahindra Bank shares gained more than 7 percent on asset quality improvement and strong earnings. Profit on standalone basis shot up 38.6 percent year-on-year to Rs 880 crore and net interest income grew by 16 percent in Q3 year-on-year.
Housing finance company HDFC was the leading contributor to Sensex’s gains, up 4 percent followed by ITC (ahead of earnings on Friday), L&T, Adani Ports and Axis Bank. Reliance Industries, Infosys, Bharti Airtel and Wipro (ahead of earnings later today) were under pressure.
More Information visit : www.researchinfotech.in and call : 8982890444

Tuesday 24 January 2017

Sensex rises 100 pts, Midcap gains too; HDFC twins lead again

Equity Benchmarks maintained early gains, with the Sensex rising 131.44 points to 27507.02 and the Nifty up 42.85 points at 8518.65.
Tata Motors, which launched its lifestyle SUV Hexa here, said it expects to improve market share this year to become the third largest carmaker in the country after Maruti and Hyundai. 

Indian ADRs: HDFC Bank rises 2.3%, Tata Motors gains

Indian ADRs ended higher on Tuesday.
In the IT space,
Infosys added 0.03 percent at USD 14.12 and Wipro was up 0.09 percent at USD 7.61.
In the banking space,
ICICI Bank was up 0.04 percent at USD 7.61 and HDFC Bank rose 2.30 percent at USD 66.64.
In the other sectors,
Tata Motors added 0.96 percent at USD 40.01 and Dr Reddy’s Laboratories gained 0.54 percent at USD 43.70.
More Information Visit : www.researchinfotech.in and Call : 8982890444

Research Infotech Morning Update - Nifty Reclaims 8500, Sensex Opens Firm; Bank Stocks Lead

The Market has opened firm on January Futures and Options expiry. The Sensex is up 82.93 points or 0.3 percent at 27458.51 and the Nifty is up 25.85 points or 0.3 percent at 8501.65. About 590 shares have advanced, 167 shares declined, and 128 shares are unchanged. Bank stocks lead. Axis Bank, Adani Ports, Tata Steel, HDFC Bank and BHEL are top gainers while Bharti Airtel, Wipro, HUL and Wipro are losers in the Sensex. 
The Indian rupee opened marginally lower at 68.17 per dollar against previous close 68.15. Any Information visit : www.researchinfotech.in and Call : 8982890444

Monday 23 January 2017

Equity Market Closing Bell : Sensex, Nifty volatile; ITC, ONGC, Lupin gain 1%

The Market is flat with the Nifty hovering around 8350. The 50-share index is up 9.60 points at 8358.95 while the Sensex is up 1.48 points at 27035.98. GAIL, Tata Motors, ITC, Lupin and ONGC are top gainers in the Sensex.
ICICI Bank, L&T, Bharti Airtel, Axis Bank and M&M are top gainers.
More Information visit : www.researchinfotech.in and call : 8982890444

Sunday 22 January 2017

Nifty hovers around 8400, Sensex firm; SBI, Tata Steel up

The Market is still holding firm with the Nifty hovering around 8400. The 50-share index is up 46.10 points or 0.5 percent at 8395.45 while the Sensex up 108.28 points or 0.4 percent at 27142.78.

GAIL, ONGC, Tata Steel, SBI and Tata Motors are top gainers while ICICI Bank, Axis Bank, Bharti Airtel, HUL and L&T are losers in the Sensex.
More Information visit : www.researchinfotech.in and call : 8982890444

Research Infotech Morning Bell : Nifty Opens Below 8350, Sensex weak; Axis, ICICI, Infosys fall

The Market has opened lower on global weakness. The Sensex is down 39.46 points or 0.1 percent at 26995.04 and the Nifty is down 6.00 points at 8343.35. About 456 shares have advanced, 325 shares declined, and 147 shares are unchanged. ONGC, GAIL, Asian Paints, Adani Ports and Tata Motors are gainers while Axis Bank, ICICI Bank, Wipro, Infosys and TCS are losers in the Sensex. 
The Indian rupee opened higher by 13 paise at 68.05 per dollar on Monday against 68.18 Friday.
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Friday 20 January 2017

Research Infotech Morning Update - Donald Trump Sworn in as 45th President of US

Donald Trump was today sworn in as the 45th President of the United States of America. This was the 58th formal presidential inaugural ceremony since 1789, when US' first president George Washington was inaugurated. Mike Pence was sworn in as the Vice-President. Trump took oath before around 900,000 people outside the domed US Capitol, with US Chief Justice John Roberts presiding. In his Presidential speech, Trump said that while challenges will come, they will get the job done. "January 20, 2017 will be remembered as the day the people became the rulers of this nation," he said.  
Indian Prime Minister Narendra Modi congratulated the new American president. As the 20th century progressed, White House luncheons have become elaborate.


Wall Street ends higher as Trump becomes president 


US stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as US President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office.
The Dow Jones Industrial Average snapped a five-session losing streak, closing up 94.85 points, or 0.48 percent, to 19,827.25. The S&P 500 gained 7.62 points, or 0.3 percent, to 2,271.31 and the Nasdaq Composite added 15.25 points, or 0.28 percent, to 5,555.33.


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Closing Bell - Sensex sinks over 250 pts, Nifty breaks 8350; ICICI, Axis drag

Benchmark indices remained under pressure with the Sensex down 252.34 points or 0.92 percent at 27056.26 and the Nifty down 80.15 points or 0.95 percent at 8354.95.

Public sector lender Canara Bank's profit in October-December quarter increased 279 percent to Rs 322 crore compared with Rs 85 crore in year-ago period, but asset quality worsened further on sequential basis. Net interest income, the difference between interest earned and interest expended, grew by 8.4 percent year-on-year to Rs 2,414 in the quarter ended December 2016.



Gainers
SymbolLTP% chngVolume
IDEA
BHARTIARTL
YESBANK
ULTRACEMCO
ITC
71.40
320.70
1,360.95
3,483.00
255.20
2.96
1.14
1.00
0.62
0.41
2,74,15,532
34,10,962
43,99,464
3,14,425
1,08,43,802

Losers
SymbolLTP% chngVolume
AXISBANK
ADANIPORTS
BANKBARODA
TATAMTRDVR
SBIN
448.70
284.25
154.10
327.45
251.20
-7.26
-3.76
-3.75
-2.96
-2.79
3,01,87,321
32,76,223
47,86,074
18,87,552
1,53,36,709
More Information visit : www.researchinfotech.in and Call : 8982890444