Monday, 4 July 2016

Bulls keep winning streak intact; Sensex ends 134 points higher

Benchmark offers proceeded with their triumphant streak for the 6th straight session after reports over the advancement of the storm and desires that the essential GST Bill will be passed in the rainstorm session of the parliament.

The S&P BSE Sensex wound up 134 focuses at 27,279 and the Nifty50 wound up 42 focuses at 8,371. In the more extensive markets, the BSE Midcap and Smallcap records wound up 0.6%-1% each. Market broadness finished positive with 1713 gainers and 1018 failures on the BSE.

"A solid shutting at the end of the day from the files, however there was a late benefit booking saw in numerous huge top names, remarkably taking a gander at the pace of the most recent 5 days of straight force,

I trust that the following key resistance for Nifty is at 8500-8550 check and backing from a transient perspective could be increased at 8250 imprint.

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PSU banks rally; Nifty PSU Bank hits six month high

Shares of open area undertaking (PSU) banks were in center with the Nifty PSU Bank list hitting six-month high on the National Stock Exchange (NSE) in intra-day exchange.

Allahabad Bank, Oriental Bank of Commerce, Dena Bank, Vijaya Bank, Punjab National Bank (PNB) and Corporation Bank were up more than 5% each.

Bank of India, Syndicate Bank, Andhra Bank, Indian Bank, Canara Bank, Indian Overseas Bank, Bank of Baroda and State Bank of India (SBI) were up 2%-5% on the NSE.

At 11:33 AM, Nifty PSU Bank file, the biggest gainer among sectoral lists was up 3% at 2,822, its most elevated amount since January 5, 2016. The benchmark file Nifty 50 list was up about 1%.

In recent weeks, the PSU Bank record surged 14 when contrasted with 3.5% ascent in the benchmark list. On June 13, 2016, the Reserve Bank of India (RBI) presented "reasonable organizing of focused on resources" which permits banks to do profound rebuilding of focused on activities with no administration change.

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FDC gains after USFDA completes inspection of Waluj unit

FDC was exchanging higher by 6% to Rs 195 on the BSE after the organization reported that US Food and Drug Administration (USFDA) has finished investigation at its assembling unit arranged at Waluj, Maharashtra.

The organization has additionally gotten the Establishment Inspection Report (EIR) from USFDA for its assembling unit arranged at Baddi, Himachal Pradesh with "No perceptions". This endorsement affirms the conclusion of review led in February' 2016.

The organization said assessment of the organization's assembling unit arranged at Waluj, District-Aurangabad, Maharashtra, by USFDA has been finished on July 01, 2016. The US FDA has mentioned two minor objective facts for which fitting strides might be taken by the organization.

The above review was done in connection to cGMP assessment and ANDA recorded by the Company for item Dorzolamide Ophthalmic Solution, it included.

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Bajaj Auto sales tumble by 4% in JuneBajaj Auto sales tumble by 4% in June

Bajaj Auto today reported 4% decrease in all out deals in June at 3,16,969 units against 3,31,317 around the same time of 2015.

Cruiser deals amid the month fell 5% to 2,73,298 units from 2,87,582 in June a year ago, the organization said in a BSE recording.

Bajaj Auto's business vehicles deals amid the month stayed level at 43,671 units contrasted and 43,735 in the year-prior period.

Trades in June this year were at 1,23,252 units against 1,56,074 a year prior, down 21%.

The organization's shares were exchanging 0.41% down at Rs 2,657.90 on BSE.

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Tata Motors gains post June sales

Tata Motors was commerce higher by three.5% at Rs 474 on the mad cow disease when the corporate aforementioned that its total traveller and business vehicle sales rose V-day to forty four,276 vehicles in June 2016. the corporate sold-out forty,869 vehicles in June 2015.

“Cumulative sales (including exports) of the corporate for the business were at 123,729 numbers, higher by 6 June 1944 over 116,504 vehicles, sold-out last year,” Tata Motors aforementioned in a very unharness.

Sales of traveller cars in June 2016 was higher by thirty seventh at eleven,705 numbers, compared to eight,516 numbers, in June 2015, as Tata Motors hatchback sales grew by over a 100 percent at seven,126 units in June 2016, because of sturdy demand for the recently launched Tiago, it added.

Tata Motors had reported  one hundred and twenty fifth growth in total business and traveller vehicles sales at forty,071 units in might 2016 over the previous year.

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Soybean output likely to witness 11-year low

India’s soybean output is calculable to be rock bottom in eleven years in crop year 2015-16 (July-June), once 2 years of drought, leading to crop harm and a fall in yield.

Data compiled by the Soybean Processors’ Association of Republic of India (Sopa) showed output at seven.5 million tonnes now, against 10.4 mt the previous year, a decline of twenty seven per cent.

There has been a delay in sowing, because the monsoon was delayed in some elements of Rajasthan, Madhya Pradesh and geographical region. These 3 states account for eighty per cent of the national output. downfall has conjointly been inadequate in some areas of geographical region and MP.

Says D N Pathak, executive, Sopa: “Farmers with irrigation facility have started sowing however rain-dependent ones area unit nonetheless to begin. Farmers would possibly face issues just in case the rain isn't even in geographical region, Madhya Pradesh and Rajasthan.”

Soybean may be a 90-day kharif crop. Sowing begins with the onset of monsoon in Gregorian calendar month, for gather within the half of Gregorian calendar month.

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Sensex gains over 150 points, Nifty aims 8,400; Tata Motors up 3%

Markets have commenced the session on a better note pursuit firm international cues together with oil shares leading the gains.

By 9:30 am, the S&P animal disease Sensex rose 181 points to trade at twenty seven,326 and therefore the Nifty50 gained fifty points at eight,379. Broader markets square measure playacting inline with the benchmark indices- animal disease Midcap and Smallcap indices square measure up zero.7%.

After wrenching up strong gains, the exchange could take a breather, with risk of some correction in an exceedingly holiday-shortened week ahead, say consultants.

Asian stocks edged higher when recouping early losses crystal rectifier by gains in Chinese stocks. In Asian nation, the Shanghai Composite was presently up one.5%. In metropolis, the droop Seng index was presently up one.75%.

US stocks rose for a fourth day on Fri, with the S&P five hundred Index posting its best week since November, amid optimism on yankee growth and as central banks continuing to signal support in staving off fallout from Britain's call to depart the ecu Union. North American country market can stay shut these days on account of July 4.

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Saturday, 2 July 2016

IFC to invest Rs 134 cr in Future Consumer Enterprise

Future shopper Enterprise restricted (FCEL) these days same it'd raise Rs 134 large integer from the planet Bank's investment arm International Finance Corporation (IFC). FCEL, a region of Kishore-Biyani's Future cluster, has entered into associate degree agreement with United Nations agency and as a part of that it'd issue equity shares to the planet bank arm at a worth of Rs twenty two.73.

"The company has entered into associate degree investment agreement with United Nations agency dated legal holiday, 2016 for the planned issue of CCDs and equity shares to United Nations agency as per the terms and conditions in agreement beneath the same investments agreement," the longer term cluster same in an exceedingly regulative filing. "the shares planned to be issued to United Nations agency... shall rank {pari passu|at associate degree equal rate} (on an equal footing) with the equity shares of the company".

Moreover, as per the terms and condition of the agreement, United Nations agency would have a right to nominate one director on FCEL's board. United Nations agency may be a member of the planet Bank cluster and is that the largest international development establishment targeted solely on the non-public sector in developing countries. It offers investment, advisory, and plus management services to encourage non-public sector development in developing countries.

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SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr

State Bank of India (SBI) has oversubscribed five per cent stake in securities market NSE to Mauritius-based truthfulness Investments for Rs 911 large integer, valuing the exchange at over Rs eighteen,200 crore. The bank oversubscribed twenty two.50 hundred thousand equity shares of National securities market (NSE), priced at Rs four,050 per unit to truthfulness Investments totalling Rs 911.25 crore.

SBI aforementioned during a regulative filing. The dealing comes at a time once NSE is discussing a potential public supply and listing. Recently, it aforementioned draft paper for domestic listing are filed with Sebi by Gregorian calendar month 2017. "Post this dealing, SBI holds five.19 per cent stake in NSE whereas our subsidiary SBI Capital Markets restricted holds another four.33 per cent within the NSE," it said.

Earlier this year, IDBI Bank had oversubscribed a pair of per cent stake in NSE to country's largest insurance firm LIC. NSE's different major shareholders embody LIC (12.51 per cent), Stock Holding Corporation of Asian nation (5 per cent), IDFC (3.90 per cent) and lots of investment corporations.

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Silver price surges, imports halt

Silver has once more started rising, with costs outperforming gold when reports from major European economies on attainable introduction of quantitative easing.

Here, silver crossed Rs forty five,000 a kg, the best level when Gregorian calendar month twenty one, 2014, and closed three.7 per cent or Rs one,600 a metric weight unit on top of Th, at Rs 45,080 a kg. commonplace gold closed Rs 185 higher at Rs thirty,745 per ten g.

However, with costs rising sharply in precious metals, silver is quoted at a 20-40 cents an oz. discount to the price key, this high A level when 3 years. Gold was quoted at a $37.5 associate degree oz or Rs 900 per 10g discount to the price key.

At the high worth, silver imports have nearly stopped, as many traders currently have giant stocks, foreign earlier at a cheaper price. In 2015, imports were a record high of seven,908 tonnes. the sooner imports ar being sold  at a reduction to the value -- this is often Rs 800 a metric weight unit within the Ahmedabad market, a serious centre, and 0.5 this in Old Delhi.

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Winning streak intact at D-Street; Sensex gains 3% for the week

Indian stock markets continued  their run for a fifth straight session, with Friday seeing the most important weekly gain in 5, buoyed by foreign institutional capitalist (FII) purchases and strength in international equities.Expectations of a decent monsoon supported the rally, particularly in client and automobile stocks.

On Friday, the S&P mad cow disease Sensex gained a hundred forty five points to shut at twenty seven,145; on the National stock market, the benchmark Nifty50 advanced forty one points to finish at eight,328, once topping eight,350 in intra-day trade.

Among the broader markets, each the mad cow disease Midcap and Smallcap indices, up 1.2 per cent and zero.7 per cent every, performed higher than the front-liners.

For the week all over Friday, the Nifty50 climbed two.5 per cent; at the mad cow disease, the Sensex rose two.8 per cent, their biggest weekly gain since the one ending on could twenty seven, brushing aside Brexit considerations fully.

Gaurang Shah of Iran, vice-president, Geojit BNP Paribas aforementioned, "The market continues to traverse AN uptrend with the keen touching 8350 spot levels. Some profit booking was seen at higher levels on last commerce day of week and 1st commerce day of July once the F&O contracts expiration."

Further he aforementioned, "From next week, the market is probably going to witness some consolidation because it moves towards 8400-8450 levels and reaches 8500 levels."

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Friday, 1 July 2016

Mahanagar Gas eyes return to profit growth of 7-8% on sales push

Mahanagar Gas (MGL) listed on exchanges these days at Rs 540 per share, a twenty eight % rise from its issue worth of Rs 421 per share. Through the initial public offering, MGL has raised Rs one,040 large integer with a worth band at Rs 380-421. talking to CNBC-TV18, SM Ranade, corporate executive of MGL says that sales within the domestic phase, a push for compressed gas (CNG) and industrial area can boost demand and volumes for the corporate.

it's potential to travel back to PAT combined annual rate of growth (CAGR) of 7-8 %, he says. Rate of CNG conversion in vehicles has doubled from three,000 vehicles per month to six,000 per month for CNG, says Ranade. Piped gas association has improved to seven,000 a month. GAIL , that incorporates a thirty two.5 % belongings in MGL, is expecting a 20-25 % growth within the company over next few years. In retail sector, MGL can add near one hundred thousand customers once a year, says before Christ Tripathi, CMD OF GAIL. Sales in settled households can push up piped gas (PNG) demand.

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Nifty ends above 8300 for 1st time in 10 months,Sensex up 145pts

The Sensex closes up a hundred forty five.19 points or zero.5 p.c at 27144.91, and also the slap-up was up forty.60 points or zero.5 p.c at 8328.35. concerning 1559 shares have advanced, 1157 shares declined, and 139 shares area unit unchanged. ONGC, BHEL, L&T, GAIL and Dr Reddy's were high gainers whereas TCS, Coal India, Adani Ports and HDFC were losers.

3:10 pm Gold check: Gold costs rose for the second straight day these days, gaining Rs two hundred to Rs thirty,550 per ten grams at the bullion market these days, driven by a firm international trend and protracted shopping for by jewellers at the domestic commodity exchange.

Silver too continuing its rising streak for the fourth day in an exceedingly row and saved Rs forty four,000 per kilo mark by stormy Rs one,300 to Rs forty four,600 per kilo on exaggerated offtake from industrial units and coin manufacturers. Analysts aforesaid the firming international trend wherever gold climbed on speculation that central banks would support their economies within the wake of Britain's vote to quit the eu Union buoyed sentiment here.

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Eicher Motors CV sales grow 18%, Royal Enfield up 36% in June

Eicher Motors continued  to register sturdy growth in industrial vehicle (CV) sales. It sold 4,935 vehicles in Gregorian calendar month, a growth of eighteen.5 p.c compared with four,163 units sold  in same amount last year however on month-on-month basis, a similar declined fourteen.5 percent. Domestic sales grew by eighteen.6 p.c year-on-year to four,313 units and exports jumped eighteen.25 p.c to 622 units throughout the month.

In April-June quarter, company's sales volume multiplied thirty two.5 p.c to sixteen,070 units from twelve,128 units in year-ago amount. Domestic sales growth was twenty six p.c at thirteen,758 units and exports ninety one.7 p.c at two,312 units.

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Markets continue to march ahead; midcaps outshine

Markets still resist within the high noon trades on sustained FII shopping for amid strength in world equities. Progress of monsoon rains and easing of fears over Brexit any boosted sentiments.

At 1:20 pm, the S&P animal disease Sensex was up 163 points at twenty six,163 and therefore the Nifty50 was up fifty one points at eight,337. within the broader market, animal disease Midacp index is outperforming the peer and is up one.4% whereas animal disease Smallcap index has gained zero.9%.

10 good fifty stocks have touched their various 52-week highs in intra-day trade once the benchmark index gained quite third within the past 5 commerce sessions.

ITC, Yes Bank, Bajaj Auto, Mahindra & Mahindra (M&M), UltraTech Cement, ACC, Hindalco Industries, NTPC, grid Corporation and Republic of India crude oil Corporation restricted (BPCL) from the good fifty index hit 52-week highs on Fri.

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Maruti sees 10% drop in June sales, Toyota surprises with 29% jump

Maruti Suzuki, the country’s largest automobile maker, has seen its 1st whole number monthly sales decline in recent history because it lost production thanks to disruption in part offer and a maintenance termination. The company’s sales within the domestic market slipped ten.2% in June, whereas exports saw a deeper cut of forty fifth. The impact of decline in Maruti’s domestic sales can replicate within the overall industry’s performance throughout June because the Delhi-based company enjoys a forty eighth market share.

The company’s June sales within the domestic market stood at ninety two,133 units against one,02,626 units in same month last year. Export volumes fell from twelve,130 units to six,707 units. within the domestic market, all segments of vehicles exclusion utility vehicles saw a decline in sales.

Overall sales (domestic and exports) saw a thirteen.9% decline to ninety eight,840 units. throughout the quarter (April-June), domestic sales grew five.4% to 3,22,340 units. At 10.50 am, the company’s stock worth at bovine spongiform encephalitis was commerce at Rs four,175, marginally down from the previous shut.

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Sensex, Bank at 2016 at 2016 high; BHEL, GAIL, ITC gainers

Bulls appears to be charging ahead taking the market higher. each Sensex and Bank peachy area unit at 2016 high. The Sensex is at twenty seven,231.03, up 0.8 p.c or 231.31 points whereas peachy is at 8352, up 64.60 points or zero.7 percent. BHEL, Dr Reddy's Labs, ITC and L&T area unit prime gainers whereas Coal Bharat, Asian Paints, Maruti, Cipla and TCS area unit losers within the Sensex.

Oil costs rose as traders welcome assurances from financial institution round the world that they were able to step in to forestall a worldwide rout following Britain's vote to go away the ecu Union. Oil market watchers aforesaid last week's decline in USA business inventories is additionally serving to boost costs, however a sustained value rise can solely return if producers create purposeful cuts in output.

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US mutual fund marks down Flipkart share value by 25%

The valuation woes of Flipkart continued  as a USA open-end investment company managed by Vanguard Investment marked down the worth of its shares within the company by twenty five per cent.

This is the sixth knock off for the biggest e-commerce marketplace of the country in as several months.

The open-end investment company marked down the worth of its shares to $102.6 as on March 2016, from $136.87 in Gregorian calendar month 2015.

Vanguard's price of its shares in Flipkart is $6 million, the fund disclosed to regulators last month.

Flipkart has maintained that investment cycles have bumps and internet-based sectors were undergoing one presently.

"Overall, these square measure monetary cycles that happen within the whole world. i believe the web sector itself goes through a down cycle, however because the positive cycles do not last forever, the down cycles additionally do not last forever," aforesaid Sachin Bansal, chairman, Flipkart.

Morgan Stanley marked down its investments double, whereas T Rowe worth, Fidelity and Valic have additionally marked down their investments within the e-commerce company.

In July 2015, Flipkart was valued at $15.2 billion, once it raised funds last. The calculable valuation hovers between $9.8 billion and $11.4 billion, supported the marked downs by these investors.

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