Wednesday, 8 February 2017

RBI Monetary Policy : Urjit Patel To Present Sixth Bi-Monthly Policy Shortly

Reserve Bank of India Governor Urjit R Patel will address the media following the sixth bi-monthly monetary policy where the six-member RBI Monetary Policy Committee (MPC) will decide if there is a need for a revision in the Repo Rate.
Repo rate, which is the rate at which banks borrow short-term funds from the central bank, now stands at 6 percent. Markets expect a 25 basis point rate cut on Wednesday after the MPC surprise December pause and demonetisation.
RBI will have more room to reduce benchmark rates following the government’s goal to keep the fiscal deficit target at 3.2 percent of the GDP in FY18.
Economists expect a 25 basis points cut in the repo rate with CPI inflation under control.
It is expected to be a close call for the Monetary Policy Committee and RBI Governor Urjit Patel. 
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Nifty Choppy as Investors Await Cues From Monetary Policy

The 30-share BSE Sensex was down 29.96 points at 28305.20 and the 50-share NSE Nifty gained 0.15 points at 8768.45. About 1446 shares advanced against 1112 declining shares on the BSE.
Earnings growth this quarter might remain soft, but investors are in the mood to invest and there is palpable optimism around India, said Rashesh Shah of Edelweiss Financial.
Corporate India has managed to limit the impact of demonetisation by trimming discretionary expenditure, he said.
HDFC Bank, Tata Motors, TCS, M&M, Wipro and Cipla gained 0.5-1.5 percent while ITC, Infosys, Axis Bank, ICICI Bank, HDFC and L&T were under pressure.
Crude oil prices declined as a massive increase in US fuel inventories and a slump in Chinese demand implied that global crude markets remain oversupplied despite OPEC-led efforts to cut output. Brent crude futures, the international benchmark for oil prices, were trading at USD 54.77 per barrel, down 0.44 percent, from their previous close. More Information visit:- www.researchinfotech.in and Call : 8982890444

Tuesday, 7 February 2017

Research Infotech Morning Update - Sensex, Nifty Open Flat; Investors Cautious Ahead of RBI Policy

Equity benchmarks started off Wednesday's trade on a cautious note ahead of outcome of two-day monetary policy committee meeting due later in the day. 
The 30-share BSE Sensex was up 20.75 points at 28355.91 and the 50-share NSE Nifty gained 0.80 points at 8769.10. Infosys, Wipro, BHEL, Hero Motocorp, TCS, ITC, Axis Bank, Hero Motocorp and UltraTech Cement were early losers while Tata Steel, Tata Motors, HUL, Sun Pharma, NTPC, Hindalco, Tech Mahindra and Cipla were gainers.
The Indian rupee has opened marginally higher at 67.38 per dollar today versus previous close of 67.41.
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Research Infotech Closing Update

Gainers
SymbolLTP% chngVolume
BHEL
BPCL
LT
INFY
BANKBARODA
151.35
717.50
1,501.60
946.00
186.45
5.07
1.72
1.20
1.15
1.00
4,50,74,229
22,78,432
16,65,380
46,33,181
1,03,93,546

Losers
SymbolLTP% chngVolume
TATAMOTORS
TATAMTRDVR
COALINDIA
HINDALCO
LUPIN
507.10
319.00
317.50
186.40
1,469.00
-3.57
-3.41
-2.32
-1.95
-1.81
79,83,868
23,48,638
56,68,669
1,06,19,511
11,00,003

PNB Q3 profit up 4-fold at Rs 207cr, slippages down at Rs 4800cr

State-run lender Punjab National Bank ‘s profit increased four-fold to Rs 207.2 crore in October-December quarter compared with Rs 51.01 crore in same quarter last year. It was driven by other income and lower provisions.
Net interest income, the difference between interest earned and interest expended, fell 9.4 percent year-on-year to Rs 3,730.80 crore in October-December quarter, with negative loan growth of 1.8 percent at Rs 3.85 lakh crore.
Deposits growth for the quarter was 11.6 percent at Rs 6.12 lakh crore compared with Rs 5.48 lakh crore in corresponding quarter of last fiscal, the bank said in its filing. Currency demonetisation helped deposits grow in Q3. 
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Monday, 6 February 2017

Nifty Struggles Below 8800 | BHEL and Hexaware up

Equity Benchmarks continued to trade lower in morning, tracking negative Asian cues and due to profit booking. Investors turned cautious ahead of monetary policy committee decision due tomorrow.
The 30-share BSE Sensex was down 73.04 points at 28366.24 and the 50-share NSE Nifty fell 24.15 points to 8776.90 while the market breadth was moderately positive.
Tata Motors fell more than 2 percent after a 4 percent growth in JLR total retail sales at 47,693 units in January year-on-year.
Hexaware Technologies gained 2 percent as quarterly earnings beat analysts’ expectations. Profit in Q3 grew by 9 percent and revenue by 4 percent QoQ.
BHEL shares climbed 2.7 percent ahead of quarterly earnings due later today. A CNBC-TV18 poll expects profit at Rs 31 crore against loss of Rs 1,100 crore in year-ago quarter.
ITC was off day’s high, up 0.9 percent after the government sold 2 percent stake in opening trade today. The government held 11.12 percent stake in the cigarette major through SUUTI. 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 Morning Update - Nifty Below 8800, Sensex Lower

The Market opened moderately lower on Tuesday as investors awaited monetary policy committee decision due tomorrow. 
The 30-share BSE Sensex was down 11.54 points at 28427.74 and the 50-share NSE Nifty fell 8.35 points to 8792.70. BHEL, ITC, Sun Pharma, Wipro, GAIL, Aurobindo Pharma and IndusInd Bank were early gainers while Dr Reddy's Labs, ICICI Bank, Bharti Airtel, Axis Bank, ONGC, ACC and Eicher Motors were under pressure. 

The Indian rupee has started off the day on a weak note with all eyes on RBI policy tomorrow. The currency opened at 67. 29 per dollar, a loss of 8 paise against yesterday's closing of 67.21 per dollar. 
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Research Infotech Closing Bell - Sensex, Nifty End at 5-month High; Ambuja, ACC, Sun Pharma up 4%

Benchmark Indices ended at 5-month closing highs on Monday, with the Sensex rising 198.76 points to 28439.28. Nifty Midcap also ended at fresh closing high. 
The 50-share NSE Nifty gained 60.10 points at 8801.05. About 1862 shares advanced against 1068 declining shares on the BSE. 
Ambuja Cements, Sun Pharma, ACC, ICICI Bank and Aurobindo Pharma were top gainers, up 3-4.5 percent followed by Adani Ports, Axis Bank and BHEL while Dr Reddy's Labs, Cipla, ONGC, Hindalco, Coal India and SBI were under pressure.
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Nifty Hovers Around 8800 as Investors Await RBI Policy

Buying interest continued in morning as the Sensex rallied more than 200 points on hopes of RBI cutting repo rate in the forthcoming two-day policy meet that will start on February 7.
The 30-share BSE Sensex gained 216.17 points at 28456.69 and the 50-share NSE Nifty rose 63 points to 8803.95. The market breadth was positive as about three shares advanced for every share falling on the BSE.
ICICI Bank and Lupin were biggest gainers on Sensex, up 3 percent each followed by ITC, Asian Paints, Tata Motors and SBI while TCS, Dr Reddy’s Labs, Infosys and Coal India were under pressure.
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Sunday, 5 February 2017

F&O Cues : Nifty 8700 Put adds 6.6 lakh shares in Open Interest | Indian ADRs

F&O cues: 
Nifty 8700 Put added 6.6 lakh shares in Open Interest (OI) on February 3 
Nifty 8600 Put added 3.2 lakh shares in OI 
Nifty 8500 Put added 1.6 lakh sharesin OI 
Nifty 8800 Call added 1.45 lakh shares in OI 

FIIs in F&O on February 3 (Provisional data from NSE) 
FIIs net sell Rs 275 crore in Index Futures 
FIIs net sell Rs 1321 crore in Index Options 
FIIs net sell Rs 58.8 crore in Stock Futures

Indian ADRs ended mostly higher on Friday. In the IT space, Infosys was up 0.13 percent at USD 13.88 and Wipro gained 0.04 percent at USD 9.13. 

In the banking space, ICICI Bank rose 0.1 percent at USD 8.52 and HDFC Bank jumped 1.17 percent at USD 71.32. 

In the other sectors, Tata Motors was down 0.33 percent at USD 38.86 and Dr Reddy's Laboratories added 0.16 percent at USD 46.65.
Research Infotech provides you accurate tips related to the stock and share market with great accuracy percentile. For more information visit:- http://www.researchinfotech.in and Call : 8982890444

Research Infotech Morning Update - Nifty Eyes 8800, Sensex up over 150 pts; Midcap at new high

The 30-share BSE Sensex was up 161.95 points at 28402.47 and the 50-share NSE Nifty rose 47 points to 8787.95. Tata Motors, Hero Motocorp, ICICI Bank, Lupin, SBI, Grasim and Tata Motors DVR were early gainers while M&M and ACC were losers. Dr Reddy's Labs fell 2.5 percent despite better-than-expected earnings. Profit fell 16 percent YoY in Q3. 
The Indian rupee has opened marginally higher at 67.20 per dollar against Friday's closing of 67.31 a dollar, registering a gain of 11 paise. 
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Friday, 3 February 2017

Research Infotech Market Closing - Sensex, Nifty End Flat; BoB, Tech Mahindra, Cipla Rally 4-5%

Benchmark indices closed flat with a positive bias but broader markets continued to outperform for the second consecutive session. The 30-share BSE Sensex was up 13.91 points at 28240.52 and the 50-share NSE Nifty gained 6.70 points at 8740.95 while the BSE Midcap and Smallcap indices gained 0.6 percent and 1 percent, respectively. About 1635 shares advanced against 1173 declining shares on the BSE. 
Bank of Baroda, Tech Mahindra, Cipla, BHEL, Bharti Infratel, SBI, Coal India and Dr Reddy's Labs surged 1.6-5 percent while Tata Motors, ICICI Bank, Tata Steel, Reliance Industries and HDFC were under pressure. 
Sun TV Network (up 23 percent) and BSE (up 33 percent) were star performers. More Information please visit : www.researchinfotech.in and Call : 8982890444

Sensex, Nifty Lower | Tata Motors & HDFC Drag | Sun TV Most Active

The Market has recovered a bit in the afternoon trade on the back of positive European market opening.
The Sensex is down 29.55 points at 28197.06, and the Nifty down 8.70 points at 8725.55. About 1524 shares have advanced, 1124 shares declined, and 141 shares are unchanged.
ICICI Bank, Tata Motors, ITC, HDFC, Reliance Industries, L&T and Infosys were under pressure while HDFC Bank, TCS, SBI, Axis Bank and Cipla gained. More Information please visit : www.researchinfotech.in and Call : 8982890444

Thursday, 2 February 2017

BSE Share Lists at Rs 1089, Up 35% Over Issue Price

Country’s oldest stock exchange BSE listed at Rs 1089 per share on the National Stock Exchange, up 35 percent over its issue price of Rs 806.
The stock surged as much as 48.8 percent in early trade to hit highest level of Rs 1,200.
In pre-opening session, it settled 34.6 percent higher at Rs 1085 (the lowest level intraday) against issue price.
BSE (ersewhile Bombay Stock Exchange), which was the first share sale by a domestic stock exchange, recently concluded its Rs 1,243-crore initial public offering that was opened for bidding on January 23-25.
Shareholders offered 1.54 crore shares for sale that was estimated to be worth around Rs 1,243.44 crore at the higher end of the price band. The price band was fixed at Rs 805-806.
The IPO saw robust investor demand and was oversubscribed 51.22 times.
The bourse is the world’s largest exchange by number of listed companies. Shares of nearly 3,000 companies trade on BSE.
It is the world’s 10th largest exchange by market capitalisation. The market capitalisation of BSE-listed companies stands at Rs 1,14,50,863 crore. 
Research Infotech provides you accurate tips related to the stock and share market with great accuracy percentile. For more information visit:-http://www.researchinfotech.in and Call : 8982890444

Research Infotech Morning Update - Sensex, Nifty Sluggish in Opening; ICICI falls, Sun TV Soars 20%

The 30-share BSE Sensex was down 36.47 points at 28190.14 and the 50-share NSE Nifty fell 12.20 points to 8722.05. 
Infosys, HDFC, ICICI Bank, Adani Ports, Maruti Suzuki, IndusInd Bank and ACC were losers in early trade while Axis Bank, ONGC, Sun Pharma, GAIL, Coal India, Idea Cellular, Bharti Infratel, Tata Power, Tech Mahindra and Aurobindo Pharma gained. Sun TV Network surged 20 percent in opening after Special 2G court cleared charges against former Telecom Minister Dayanidhi Maran and his brother & head of the company Kalanidhi Maran, in Aircel-Maxis case. It is a significant positive for the company as this case was the biggest overhang. 
The Indian Rupee opened marginally higher at 67.35 per dollar versus 67.37 Thursday. 
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Research Infotech Closing Bell - Nifty Ends at 8734, Sensex up 85 Pts

The 30-share BSE Sensex was up 84.97 points at 28226.61 and the 50-share NSE Nifty gained 17.85 points at 8734.25. The market breadth was also positive as about 1530 shares advanced against 1248 declining shares on the exchange. 
ITC, Infosys, TCS, Sun Pharma, Dr Reddy's Labs and Bharti Airtel rallied 1-3 percent while Tata Motors, L&T, M&M, HUL and Bajaj Auto fell 1-2.5 percent.More Information please visit : www.researchinfotech.in and Call : 8982890444

Wednesday, 1 February 2017

Nifty Holds 8700 Marginally; ITC, ICICI, ONGC up 2-3%

Benchmark indices remained volatile with the Sensex rising 29.27 points to 28170.91 and the Nifty gaining 2.40 points at 8718.80.
About 1360 shares advanced against 886 declining shares on the BSE.
ITC, Bharti, NTPC, ICICI Bank and ONGC are top gainers while M&M, Tata Motors, Wipro, GAIL and HDFC are losers in the Sensex. More Information please visit : www.researchinfotech.in and Call : 8982890444

Research Infotech Opening Bell - Sensex, Nifty Open Flat a day after Budget; M&M Falls 2%

The 30-share BSE Sensex was down 28.74 points at 28112.90 and the 50-share NSE Nifty fell 16.10 points to 8700.30. ITC, ICICI Bank, NTPC, SBI, ONGC, NTPC and BPCL gained further in early trade, up 0.5-2 percent while M&M fell 2 percent after a 10 percent decline in auto sales in January. Idea Cellular slipped further, down 1.7 percent on profit booking. Tata Motors, Aurobindo Pharma, Coal India, Hero Motocorp and Wipro were also under pressure. 
The Indian rupee gained in early trade today. It has opened higher by 4 paise at 67.44 per dollar. 
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Budget 2017 Update By Research Infotech | Call :8982890444


Finance Minister Arun Jaitley placed consumers before rigid fiscal discipline as he spelt out a carefully crafted plan to boost people’s spending power, create jobs and improve rural incomes in 2017-18 Budget, mixing welfare economics with a new wave of reforms.

He exempted foreign portfolio investors (FPIs) from indirect transfers, a move that will soothe frayed nerves following a tax circular in December that had sparked fears among overseas investors. 

He offered the most to those at the lowest salary bracket, farmers and small businesses which endured the demonetisation shock and could also influence the outcome in five upcoming assembly elections. 
Jaitley also proposed a new law to confiscate assets of economic offenders who have left the country, a move that will pave the way for launching a crackdown on corporate loan defaulters.

The finance minister announced changes in electoral funding, under which political parties can only receive up to Rs 2,000 in cash from a single source, and proposed to ban cash transactions above Rs 3 lakh. 
The minister announced Mission Antyodaya, an ambitious umbrella initiative aimed at lifting 10 million out of poverty by stitching together a raft of programmes.

MNREGS

The world’s largest job guarantee scheme, received top billing with budgetary allocation of Rs 48,000 crore, a 24 percent jump over the previous year’s Rs 38,500 crore, but only a Rs 1000 crore more than the actual spend of 2016-17. 

The Finance Minister raised the Budget for programmes for scheduled castes (SCs) for 2017-18 to 52,393 crore from Rs 38,000 crore currently. Likewise, the annual budget for initiatives for scheduled tribes (STs) was raised to Rs 31,920 crore and for minorities to Rs 4,195 crore in 2017-18. 

LESS TAX FOR SMALL SALARIES


Jaitley kept the income-tax exemption limit — the threshold below which taxes are not required to be paid – at Rs 2.5 lakh a year, but marginally rejigged the tax rates at the lower and higher  ends. Those earning between Rs 2.5 lakh and Rs 5 lakh will now be taxed at 5 percent from 2017-18, from 10 percent earlier, and those earning between Rs 50 lakh and Rs 1 crore annually will have to pay surcharge of 10 percent in addition to a 30 percent income tax. The surcharge for people with an annual Rs 1 crore taxable income will remain at 15 percent.

DIGITAL PUSH 

He announced a scheme to enable NABARD to digitise 63,000 primary agricultural cooperatives, withdrew service charges on e-tickets booked via IRCTC, proposed an allocation at Rs 10,000 crore for Bharatnet, an umbrella plan for nation-wide broad-band connectivity. “A shift to the digital platform will benefit the common man,” Jaitley said Two new schemes –Refer and Bonus and the Aadhar Pay—to supplement the BHIM app will be launched  to fund digital payment systems in rural and remote areas as part of the government’s strategy to move India towards a “less-cash” society.

CORPROATE TAX REJIG

He proposed changes in India’s corporate tax system, but left the headline corporate income tax rate unchanged at 30 percent. That said, medium and small enterprises with annual turnover of upto Rs 50 crore, would now be taxed at 25 percent, from 30 percent earlier. The lower rate is a carryover from Jaitley’s to-do list of 2015 when he said the corporate income tax would progressively be cut to 25 percent over four years, but will be accompanied by fewer deductions.

SPINNING JOBS

Jaitley proposed incentives for the labour-intensive leather sector as part of the government’s signature Make in India initiative to boost manufacturing and create jobs.
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