Friday, 29 December 2017

Equity Benchmarks Started Off The January Series On A Strong Note

Equity benchmarks started off the January series on a strong note as the Nifty reclaimed 10,500 level, backed by positive Asian cues.

The 30-share BSE Sensex was up 94.26 points at 33,942.29 and the 50-share NSE Nifty rose 26.30 points to 10,504.20.

Tata Steel, Vedanta, Bosch, UPL, Eicher Motors, Hero MotoCorp and SBI were early gainers while HDFC Bank, ICICI Bank and Kotak Mahindra Bank were under pressure.

Nifty Midcap was up 0.6 percent. Reliance Communications surged 28 percent on sealing wireless assets deal with Reliance Jio.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Shares Of Tata Global Beverage Has Touched 52-Week High Of Rs 309

Shares of Tata Global Beverage has touched 52-week high of Rs 309, gaining 1 percent in the early trade on Friday as it has sold stake in its associate company.

The company through a share sale and purchase agreement has divested 31.85 percent stake in the joint venture company Estate Management Services for a consideration of Rs 120 crore.

Consequently, EMSPL has ceased to become an associate of the company effective December 28, 2017.

This is a part of company's overall strategy to focus on branded business in key geographies.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 28 December 2017

Equity Benchmarks Rebounded With Mild Gains Amid Volatility On Thursday


Equity benchmarks rebounded with mild gains amid volatility on Thursday morning, ahead of expiry of December futures and options contracts.

The 30-share BSE Sensex was up 51.96 points at 33,963.77 and the 50-share NSE Nifty gained 21 points at 10,511.80.

Hindalco Industries, Vedanta, Aurobindo Pharma, BPCL, Lupin, HUL, Tata Steel, Coal India and Dr Reddy's Labs were early gainers.

The Nifty Midcap was up 0.24 percent.

Star Cement, Monnet Ispat, Reliance Communications, Kolte-Patil Developers and Hindustan Copper rallied 4-12 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Indian Rupee Slip To Lowest Level Since Dec 18, Trades At 64.26

After a flat opening the Indian rupee fell to its lowest level since December 18. Currently it is trading at 64.26 per dollar. On Wednesday it has closed at 64.15.

Mohan Shenoi of Kotak Mahindra Bank said, "Currency market activities remain muted during the last week of calendar year. Sharp spike in oil prices has not impacted Asian currencies and rupee so far. Exporter participation seen at higher levels."

We expect the USD-INR pair to trade in a range of 64-64.20 for the day. Government borrowing programme through dated G-sec for last quarter announced additional borrowing of Rs 50,000 crore. The bond market is expected to be bearish on this news and also on account of sharp rise in crude oil prices.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 27 December 2017

Sensex Opens Above 34,000, Nifty Trades Flat; Reliance Comm Surges 20%

Sun Pharmaceutical Industries said that the US FDA has accepted a new drug application, filed by its wholly owned subsidiary, for OTX-101 (cyclosporine A, ophthalmic solution) 0.09%, a novel nanomicellar formulation of cyclosporine A 0.09% in a clear, preservative-free aqueous solution.

OTX-101 is now under review for approval by the US FDA, marking an important developmental milestone for Sun Pharma’s dry eye candidate, it added. The stock gained 2 percent.

Glenmark Pharmaceuticals Inc., USA has received final approval from the United States Food & Drug Administration for Norethindrone Acetate and Ethinyl Estradiol tablets USP and Ferrous Fumarate tablets, 1 mg/20 mcg, the generic version of Minastrin 1 24 Fe tablets, of Allergan Pharmaceuticals International.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Started Off Trade On A Flat Note On Wednesday

Equity benchmarks started off trade on a flat note on Wednesday due to lack of global and domestic cues.

The 30-share BSE Sensex was up 34.98 points at 34,045.59 and the 50-share NSE Nifty fell 4.60 points to 10,526.90. About 907 shares advanced against 334 declining shares on the BSE.

Vedanta, GAIL, Yes Bank, Cipla, Dr Reddy's Labs, Tata Steel, Hero Motocorp, UPL and Maruti Suzuki were early gainers.

BPCL, UltraTech Cement, Indiabulls Housing, ICICI Bank, Coal India, IOC and HPCL were under pressure.

Reliance Communications surged 20 percent on mega debt restructuring plan.Sanghi Industries, Prestige Estates, Aban Offshore, Prataap Snacks, ITD Cementation, Glenmark Pharma, Jaiprakash Associates, Jindal Steel and Lanco Infratech rallied 1-8 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 26 December 2017

The Indian Market Began The Truncated Week On A Positive Note

The Indian market began the truncated week on a positive note, with the Nifty trading above 10,500-mark.

At 09:16 hrs IST, the Sensex is up 60.81 points or 0.18% at 34001.11, while the Nifty is up 7.30 points or 0.07% at 10500.30. The market breadth was positive as 596 shares advanced, against a decline of 163 shares, while 81 shares were unchanged.

TCS, BHEL, Tata Power and GAIL were the top gainers, while Tata Motors DVR, ITC, Infosys and Sun Pharma lost the most.

The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday versus 64.05 on Friday.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Asian Markets Were Mixed Early In The Tuesday

Asian markets were mixed early in the Tuesday session in what's likely to be light, holiday-week trading.

Japan's benchmark Nikkei 225 index came under slight pressure after closing at a 26-year high in the last session, despite thin holiday trade. The index traded lower by 0.1 percent as most technology and auto names drifted lower. Energy-related companies, however, made gains as oil priced nudged higher.

Most Japanese retailers also edged higher, with shares of department store operator Takashimaya popping 3.93 percent to touch a more than two-year high. Takashimaya on Monday announced a 5.6 percent increase in operating profit for the nine months ending November, Reuters said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 21 December 2017

The Rupee Wiped Out Early Gains To Trade Flat At 64.11 Against The Dollar

The rupee wiped out early gains to trade flat at 64.11 against the dollar today after the US Congress gave its final seal of approval to a sweeping tax legislation.

Dubbed as the biggest overhaul of the US tax code in 30 years, the Bill slashes taxes for corporates as well as the middle class.

In the opening session, the domestic unit went up 10 paise to 64.01.

Yesterday, it had lost 7 paise at 64.11 against the US currency due to dollar demand from importers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Rebounded In Opening On Thursday

Equity benchmarks rebounded in opening on Thursday, with the Nifty reclaiming 10,450 level, backed by select auto, technology, metals and pharma stocks.

The 30-share BSE Sensex was up 64.49 points at 33,841.87 and the 50-share NSE Nifty rose 20 points to 10,464.20. About 984 shares advanced against 265 declining shares on the BSE.

Bharti Airtel, Axis Bank, Wipro, IndusInd Bank, ICICI Bank and Kotak Mahindra Bank were early losers. Hero MotoCorp, GAIL, Hindalco, Eicher Motors, Maruti Suzuki and UPL were early gainers

Mahindra and Mahindra was down 1.4 percent as stock trades ex-bonus today. Nifty Midcap was up 0.5 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 20 December 2017

HDFC Bank Informed Exchanges That The Board Of Directors Today

HDFC Bank informed exchanges that the board of directors today has approved raising of funds aggregating up to Rs.24,000 crore.

Of which, an amount up to a maximum of Rs 8,500 crore will be through issuance of equity shares of face value of Rs 2 each pursuant to a preferential issue to promoter Housing Development Finance Corporation, the bank said.

The balance will be raised through issuance of equity shares / convertible securities / depository receipts pursuant to a qualified institutions placement / American Depository Receipts / Global Depository Receipts, it added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Started Off Trade At Record Highs On Wednesday

Equity benchmarks started off trade at record highs on Wednesday, but immediately slipped into red to trade volatile.

The 30-share BSE Sensex was down 18.70 points at 33,818.04 and the 50-share NSE Nifty fell 12.40 points to 10,450.80.

About 785 shares advanced against 445 declining shares on the BSE.

Tata Steel, UltraTech Cement, Dr Reddy's Labs, SBI, L&T, HUL and Power Grid were early losers while ONGC, Coal India, Maruti Suzuki, GAIL, M&M and Hero MotoCorp were gainers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 19 December 2017

Dr Reddy’s Laboratories Gained 1 Percent In The Early Trade

Shares of Dr Reddy’s Laboratories gained 1 percent in the early trade on the back of settlement with the US government.

The US subsidiary of Dr Reddy’s Laboratories has reached a settlement with the US government involving packaging of five blister-packed prescription products.

The company and US Department of Justice agreed to the settlement of the action without any adjudication of any issue of fact or law.

The said case is six years old and in order to avoid any unnecessary costs and the distractions of prolonged litigation, the company has chosen to settle the matter for USD 5 million.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Extended Previous Day's Rally On Tuesday

Equity benchmarks extended previous day's rally on Tuesday opening, with the Sensex rising more than 100 points, following positive global cues.

The 30-share BSE Sensex was up 112.49 points at 33,714.17 and the 50-share NSE Nifty rose 35.90 points to 10,424.70. About 786 shares advanced against 221 declining shares on the BSE.

Eicher Motors, UPL, Aurobindo Pharma, Vedanta, Tata Motors, Tata Steel, SBI and Yes Bank were early gainers while Bharti Airtel, HDFC, TCS, Wipro and Infosys were losers.

M&M, PI Industries and Titan Company hit fresh record highs.

The Nifty Midcap index gained 0.6 percent and Nifty Bank was up 0.4 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 18 December 2017

Equity Benchmarks Closed Higher After The Vote Counts Indicated The BJP

Equity benchmarks closed higher after the vote counts indicated the BJP is set to win Gujarat and Himachal Pradesh, but some gains erased in late trade on profit booking.

The 30-share BSE Sensex was up 138.71 points at 33,601.68 and the 50-share NSE Nifty gained 55.50 points at 10,388.80.

About 1,477 shares advanced against 1,190 declining shares on the BSE.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 15 December 2017

Equity Benchmarks Opened Sharply Higher On Last Day Of The Week Friday

Equity benchmarks opened sharply higher on last day of the week Friday after the exit poll results indicated that the BJP is likely to be winner in Gujarat and Himachal Pradesh assembly elections.

The 30-sahre BSE Sensex was up 286.89 points at 33,533.59 and the 50-share NSE Nifty gained 91.40 points at 10,343.50. About 981 shares advanced against 185 declining shares on the BSE.

Adani Ports, Vedanta, Tata Steel and Bajaj Auto were early gainers while Kotak Mahindra Bank and Infosys were flat. Nifty Midcap as well as Nifty Bank indices gained 1 percent each.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Asian Shares Edge Up, On Track For Weekly Gain

Asian shares edged higher on Friday, on track for weekly gains, though sentiment was kept in check by Wall Street's weakness on concerns about the progress of U.S. tax reform.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.04 percent in early trade, poised to gain 1.2 percent for the week.

But Japan's Nikkei stock index slipped 0.8 percent, down 1.3 percent for the week, feeling the pinch of a stronger yen even amid fresh signs the economy is gathering momentum.

 For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 14 December 2017

Tata Steel Said Its Board Will Meet Next Week To Consider Raising

Tata Steel said its board will meet next week to consider raising of funds by issuing securities.

A meeting of the company's board will be held on December 18-19 to consider a proposal to raise funds by issue shares or securities, Tata Steel said in a regulatory filing.

The board will consider raising of funds via qualified institutions placement, rights issue, preferential issue or through any other permissible mode, it added.

"The proposal for the issue will be considered by the board on December 19," it said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Rebounded With Mild Gains In Opening On Thursday

Equity benchmarks rebounded with mild gains in opening on Thursday after Federal Reserve expectedly hiked interest rate by 25 bps. Investors remained cautious ahead of exit polls after the second phase of Gujarat elections today.

The 30-share BSE Sensex was up 46.73 points at 33,099.77 and the 50-share NSE Nifty rose 18 points to 10,211.

Vedanta, ONGC, GAIL, HPCL, Tech Mahindra, Dr Reddy's Labs, Aurobindo Pharma, Infosys, Hero MotoCorp and Ambuja Cements were early gainers while TCS, IndusInd Bank and Maruti Suzuki were losers.

The Nifty Midcap index was up 0.5 percent as about five shares advanced for every share falling on the NSE.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 13 December 2017

Benchmark Indices Began The Day On A Lower Note, With The Sensex Falling

Benchmark indices began the day on a lower note, with the Sensex falling nearly 100 points in the first minutes of trade before cutting those losses, while the Nifty was down by almost quarter of a percent.

At 09:17 hrs IST, the Sensex was down 91.65 points at 33136.34, while the Nifty fell 23.00 points or 0.22% at 10217.20. The market breadth was narrow as 409 shares advanced against a decline of 305 shares, while 43 shares were unchanged.

Dr Reddy’s Labs continued its uptrend from Tuesday, along with Bharti Airtel, which gained 1 percent. Both were top gainers on Sensex and Nifty, while ITC, SBI, Power Grid and Vedanta were the top losers.

Midcaps were trading weak, but fell lesser as compared to benchmarks, while Nifty PSU Bank index was down around half a percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Bharti Airtel Shares Gain 2% On 20% Stake Sale In DTH Arm To Warburg Pincus

Bharti Airtel shares gained nearly 2 percent in morning Wednesday after the company decided to sell 20 percent stake in its DTH arm to US private equity firm

"an affiliate of Warburg Pincus, a global private equity firm, will acquire up to a 20 percent equity stake in Bharti Telemedia, the direct-to-home subsidiary of Airtel, for approximately USD 350 million," the country's largest telecom operator said in its filing on Tuesday.

Under the deal, Bharti Airtel will sell 15 percent stake in Bharti Telemedia and the remaining 5 percent will be sold by another Bharti entity, it added.

Macquarie said given Airtel's superior ARPUs and margins, the deal is valued at just 2 percent premium at EV/FY17 EBITDA. Valuations reflect Airtel's strong recent performance, it added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 12 December 2017

Asian Shares Were Trying To String Together A Fourth Session Of Gains On Tuesday

Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in US borrowing costs this week.

The latest upbeat news came from China where banks doled out a surprisingly generous dose of credit in November, which could bode well for a pick up in retail sales and industrial output due later in the week.

US stocks closed higher on Monday as investors prepared for an expected Federal Reserve rate hike later in the week, while stocks rose around the world on continued solid global economic growth indicators.The Dow Jones Industrial Average and the S&P 500 opened flat after news of an explosion in New York's busy Port Authority commuter hub which New York Mayor Bill de Blasio described as an "attempted terrorist attack."


For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Indian Rupee Opens Lower At 64.41 Per Dollar

The Indian rupee opened lower by 5 paise at 64.41 per dollar on Tuesday versus previous close 64.36.

Bhaskar Panda of HDFC Bank said, "The focus is now on FOMC decision on upcoming interest rate hike in US. However, USD-INR has got wing from the probable outcome on elections."

"Given this background, expect USD-INR to trade within a range of 64.30-64.50 for today."

"In India, the 10-year benchmark yield has been slowly moving up. All eyes are on next inflation numbers. Expect the 10-year yield to remain elevated and move towards 7.25 percent gradually," he added.

Dollar steadied against a basket of major currencies as the Federal Reserve is expected to hike rates on Wednesday, though concerns about tepid inflation weighing slightly on the greenback.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 11 December 2017

Equity Benchmarks Extended Previous Day's Rally On Monday

Equity benchmarks extended previous day's rally on Monday morning as all sectoral indices traded in green. Positive global cues after strong US jobs report also supported the market.

The 30-share BSE Sensex was up 141.65 points at 33,391.95 and the 50-share NSE Nifty rose 43 points to 10,308.70.

About five shares advanced for every share falling on the BSE.

SBI, Axis Bank, UltraTech Cement, Bharti Airtel, Maruti Suzuki, HDFC and Eicher Motors were early gainers while Infosys and HUL were losers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

IL&FS Engineering Locked At 5% Upper Circuit On Rs 216 Crore Order From GAIL

Shares of IL&FS Engineering and Construction has locked at 5 percent upper circuit on Monday as it has received order for pipeline laying works from GAIL.

There were pending buy orders of 25,154 shares, with no sellers available.

The company has received Fax of Acceptance from Gas Authority of India for 157.8 km long 30' diameter pipeline laying works for Dobhi-Durgapur-Haldia Pipeline Section along with 13.28 km long 12' diameter spurline under Jagdishpur Haldia/Bokaro-Dhamra Natural Gas pipeline project in Jharkhand/West Bengal states, as per company release.

The total value of the contract is Rs 215.79 crore (excluding GST) and is to be mechanically completed in 15 months from date of FOA and additional 2 month for pre-commissioning and commissioning.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 8 December 2017

Jet Airways Shares Fall 5% After Sharp Dip In September Quarter Profit

Jet Airways share price declined as much as 4.55 percent on Friday after the private carrier reported a 91 percent fall in its standalone net profit year-on-year.

The company has recorded profit of Rs 49.63 crore for the quarter ended September 2017, which was sharply lower compared with Rs 549.02 crore reported year-ago.

The sharp decline in other income caused lower profitability.

The Naresh Goyal-owned private carrier said revenue from operations for the quarter stood at Rs 5,626.61 crore, higher by 3.2 percent over Rs 5,453.21 crore in corresponding period.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

HDFC Bank Was In Focus On Friday After Credit Suisse Raised

HDFC Bank was in focus on Friday after Credit Suisse raised the target price to Rs 2,075 from Rs 1,955. This implies an upside of 6 percent.

The global research firm expects the bank to undertake its next capital raise in FY19 and highlighted how the stock has historically performed well around capital raise.

Further, it said that the bank has CET1 at 12.2 percent, similar to the levels seen in FY15.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 7 December 2017

Equity Benchmarks Bounced Back In Opening, Backed By Short Covering

Equity benchmarks bounced back in opening, backed by short covering in beaten down stocks like banks, auto and metals stocks. The Sensex had fell more than 200 points in previous session.

The 30-share BSE Sensex was up 87.41 points at 32,684.59 and the 50-sahre NSE Nifty gained 28.40 points at 10,072.50.

JSW Steel, Tata Steel, SAIL, Aurobindo Pharma, GAIL, HPCL, Tech Mahindra, Eicher Motors, Bharti Airtel and Reliance Industries were early gainers while Bharti Infratel, Power Grid and UltraTech Cement were under pressure.

Nifty Midcap was up 0.35 percent and Nifty Bank gained 0.2 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

RBI Produces A No-Action Policy To End 2017, But What Does 2018 Hold

The Reserve Bank’s and the Monetary Policy Committee’s decision to do nothing at all to interest rates was widely anticipated and needs no defence. The second quarter GDP growth at 6.3 percent was higher than the first quarter’s growth of 5.7 percent.

consumer inflation at 3.58 percent in November was the highest in five months and is all set to rise beyond 4 percent this month and to 4.7 percent by March.

For an MPC targeting a 4 percent inflation on a sustained basis, a pause on rate cuts was a logical decision. Any clarity on the government’s borrowing programme for this year or the next will emerge only by the next policy. In that sense this policy was more of the holding-fort kind.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 6 December 2017

Nifty Extends Losses, Sensex Falls Over 100 Pts As Asia Slips Further

Global research firm Nomura has maintained its buy call on Axis Bank, but cut its target price to 620 from Rs 640.

The reduction in target price implies a downside of around 3 percent.

The firm believes PPOP/asset is readjusting downwards to a new normal, the brokerage believes.

It expects normalised RoEs of 15-15.5 percent for the bank.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Extended Losses In Late Morning Deals

Equity benchmarks extended losses in late morning deals, tracking further weakness in Asian stocks. Investors also maintained caution ahead of RBI's rate decision and its commentary in afternoon.

The 30-share BSE Sensex was down 158.72 points at 32,643.72 and the 50-share NSE Nifty declined 59.80 points to 10,058.50.

Asia markets declined across the board, following overnight losses on Wall Street. Japan's Nikkei 225 Average, China's Shanghai Composite, Hong Kong's Hang Seng and South Korea's Kospi were down 1-2 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 5 December 2017

The Rupee Strengthened By 12 Paise To 64.25 Against The Dollar

The rupee strengthened by 12 paise to 64.25 against the dollar at the interbank forex market today on increased selling of the American currency by banks and exporters.

The dollar losing sheen against some other currencies overseas also supported the local unit, traders said.

Yesterday, the rupee had rebounded by 9 paise to end at 64.37 against the US dollar in a highly volatile trade on fresh selling of the greenback and also emboldened by encouraging Q2 GDP numbers and monthly manufacturing data.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Opened Mildly Lower On Tuesday

Equity benchmarks opened mildly lower on Tuesday following tepid Asian cues. Investors remained cautious ahead of mid-term review of foreign trade policy due later today and RBI policy tomorrow.

The 30-share BSE Sensex was down 68.74 points at 32,800.98 and the 50-share NSE Nifty declined 19.30 points to 10,108.50.

Wipro, NTPC, IOC, Tech Mahindra, Power Grid, ONGC, L&T and HDFC Bank were early losers while Bosch, Bharti Airtel, HPCL, BPCL, Kotak Mahindra Bank, Tata Motors, M&M and Maruti Suzuki were gainers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 4 December 2017

Infosys Rallies As Board Appoints New CEO & MD Salil Parekh; Could Rally Up To 15% In 1 Year

Shares of Infosys rose as much as 2.9 percent in morning trade on Monday after the Board appointed Salil Parekh as its new Chief Executive Officer and Managing Director of the company effective January 2, 2018, over the weekend.

The stock, which has given a flat return in the calendar year 2017, could well scale Rs 1,100 levels in the next 12 months, experts suggest. Most analysts remain fairly optimistic about the appointment of Parekh, who is no stranger to the IT industry. The appointment of the new CEO at Infosys will remove the uncertainty and put the stock back on investors’ radar.

The former Capgemini executive was in the race for the top job at Infosys last time as well, when the Indian IT major decided in favour of Vishal Sikka.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Shares Of JSW Energy Rose 2.2 Percent Intraday Monday As It Has Secured

Shares of JSW Energy rose 2.2 percent intraday Monday as it has secured PPAs aggregating to 208 MW.

This PPA consists 176MW PPA with Haryana Power Purchase Centre to be supplied from the Karcham Wangtoo Hydro Electric Project of Himachal Baspa Power Company, a 100 percent subsidiary of the company.

And 32MW under group captive scheme to be supplied from the Ratnagiri plant of the company.

With this, the long term PPA proportion of the company on a consolidated basis has increased from 64.6 percent at end of Q2FY18 to 69.3 percent currently.


For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 1 December 2017

The Sensex Was Up 75.58 Points At 33224.93, While The Nifty Was Up 23.30 Points

The market continued to trade steady, with the Nifty hovering around 10,250-mark.

The Sensex was up 75.58 points at 33224.93, while the Nifty was up 23.30 points at 10249.80.The market breadth was positive as 1551 shares advanced against a decline of 467 shares, while 86 shares were unchanged.

Tata Motors, Tata Motors DVR, and Bosch gained the most on both indices, while Bharti Airtel, Coal India, and Hindalco lost the most.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Rebounded In Opening On Friday After Second Quarter GDP Data

Equity benchmarks rebounded in opening on Friday after second quarter GDP data, with the Sensex rising more than 100 points. The buying was seen in most beaten down stocks. In previous session, the Sensex had fallen 453 points.

The 30-share BSE Sensex was up 115.44 points at 33,264.79 and the 50-share NSE Nifty rose 38.40 points to 10,264.90. About five shares advanced for every share falling on the BSE.

The Indian economy grew 6.3 percent in July-September quarter, recovering from a three-year low growth slump of 5.7 percent in April-June, as companies scaled up production and restocked supplies after Goods & Services Tax kicked in from July 1.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 30 November 2017

The Rupee Dropped Sharply By 19 Paise To 64.50 Against The American Currency

The rupee dropped sharply by 19 paise to 64.50 against the American currency in early trade today ahead of the September quarter GDP data.

Currency dealers said apart from increased month-end demand for the US currency from importers and a lower opening of the domestic equity markets, dollar's gains against other currencies overseas on upbeat US economic growth data weighed on the rupee.

Yesterday, the rupee had maintained its upbeat trend for the third straight session and firmed up by another 10 paise to end at a fresh two-month high of 64.31 against the US dollar ahead of the GDP data.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Started Off Last Day Of The Month On A Negative Note

Equity benchmarks started off last day of the month on a negative note ahead of expiry of November derivative contracts. Investors also await second quarter GDP data and OPEC decision later today.

The 30-share BSE Sensex fell 154.03 points to 33,448.73 and the 50-share NSE Nifty declined 49 points to 10,312.30, tracking weakness in Asian stocks.

Vedanta, Tech Mahindra, Axis Bank, UltraTech Cement, SBI, Kotak Mahindra Bank, Adani Ports, Tata Motors and Reliance Industries were early losers.

Sun Pharma, Indiabulls Housing Finance, Bosch, IndusInd Bank, Wipro and Aurobindo Pharma were early gainers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 29 November 2017

Reliance Communications Said It Will Sell Its DTH Arm Reliance BIG TV

Reliance Communications said it will sell its DTH arm Reliance BIG TV to Pantel Technologies and Veecon Media & Television, a move aimed at reducing debt.

The company has entered into a binding share purchase agreement with Pantel Technologies Ltd and Veecon Media & Television Ltd for sale of its subsidiary Reliance BIG TV Limited, RCom said in a statement without disclosing the deal amount.

"The transaction will help reduce the liability of unsecured creditors, benefiting all stakeholders, including lenders and shareholders of RCOM. The transaction is in consonance with RCOM’s stated objective to focus on B2B businesses of the new RCOM," RCom said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Were Mildly Higher In Opening Trade

Equity benchmarks were mildly higher in opening trade, shrugging off North Korea's latest missile launch, and tracking positive Wall Street close.

The 30-share BSE Sensex was up 34.86 points at 33,653.45 and the 50-share NSE Nifty rose 16.90 points to 10,387.20.

About 896 shares advanced against 317 declining shares on the BSE.

Cipla, Coal India, NTPC, ONGC, Hindalco Industries and L&T were early gainers while Axis Bank and Tech Mahindra were under pressure. Alkem Labs gained 4 percent on US FDA nod for Capecitabine tablets.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 28 November 2017

Equity Benchmarks Opened Mildly Lower On Tuesday, Weighed By Profit Booking

Equity benchmarks opened mildly lower on Tuesday, weighed by profit booking. The market rallied for previous eight consecutive sessions.

The 30-share BSE Sensex was down 32.62 points at 33,691.82 and the 50-share NSE Nifty fell 11 points to 10,388.50.

Power Grid, NTPC, ITC, IOC, Bharti Airtel, ICICI Bank, Tata Motors, Tech Mahindra, Bharti Infratel and Infosys were early losers.

Tata Power, HUL, Cipla, IndusInd Bank, HDFC Bank, Ambuja Cements and UltraTech Cement were early gainers

Reliance Communications plunged 8 percent. Reliance Capital, Reliance Naval and Reliance Infrastructure fall 1 percent each.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Glenmark Pharma Slips 3% On Observations Issued By USFDA For Baddi Plant

Shares of Glenmark Pharma tumbled 3 percent in the early trade Tuesday on the back of observations issued by USFDA.

The US Food and Drug Administration has issued 7 observations to company's Baddi units as the company has failed to thoroughly review any unexplained discrepancy and also failure of a batch.

The observations includes, lack of written procedures for production & process controls and complaint records are deficient.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 24 November 2017

Bata Falls 3% After Motilal Oswal Downgrades Stock; Sees 23% Downside

Shares of Bata India fell 3 percent intraday on Friday as investors turned cautious after Motilal Oswal downgraded the stock.

The broking firm downgraded the stock to sell, with a target of Rs 578, a downside of 23 percent.

The brokerage highlighted how the company’s focus has been on product premiumisation. “The intent is to expand average realization through premiumization and increase the revenue contribution of premium products from 30% to 45% in FY18.

However, with subdued growth in 1HFY18, we expect the ramping up of premium products’ contribution to get pushed to FY19, with marginal margin expansion of 70bp in FY18 to 12% and 100bp thereafter to 13% in FY19,” the brokerage said in a report.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Asian Indexes Trade Mixed As China Markets Look To Bounce Back

Asian markets were mixed, following a relatively quiet overnight trading session as US markets had been closed for the Thanksgiving holiday.

Investors also kept an eye on Chinese markets, which bounced back after taking a tumble in the last session.

Japan's Nikkei 225 was lower by 0.47 percent as markets reopened for trade after a day off. Losses were seen in trading houses, banks, manufacturing and retail names. Technology stocks were a mixed picture: Nintendo rose 1.98 percent, SoftBank Group edged up 0.46 percent and Sharp was down 0.98 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 23 November 2017

Rupee Opens 11 Paise Higher At 64.80 Against US Dollar


The Indian rupee has opened at 64.80 against the US dollar, higher by 11 paise compared with previous day's closing level of 64.91 a dollar.

Mohan Shenoi of Kotak Mahindra Bank said US FOMC minutes sounded caution on potential impact of sudden reversal of asset price inflation on growth.

Activity in the currency market is expected to be muted due to the Thanksgiving holiday in the US, according to him.He feels the Rupee holds on to its gains registered post the Moody's upgrade and is expected to trade today in the range of 64.65-64.95 against the US dollar.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Asian Markets Were Mostly Subdued On Thursday, Taking The Lead

Asian markets were mostly subdued on Thursday, taking the lead from a quiet overnight session on Wall Street. U.S. stocks had closed narrowly mixed in the lead up to Thanksgiving as investors parsed through minutes from the U.S. central bank.

Down Under, the S&P/ASX 200 shed 0.07 percent. The energy and materials sub-indexes led gains in the broader market after commodity prices strengthened overnight. Those gains, however, were offset by losses in the utilities and consumer discretionary sub-indexes.

South Korea's benchmark Kospi index edged down 0.07 percent after markets opened an hour later on Thursday due to a nationwide university entrance exam. Blue-chip tech plays slipped, but several prominent manufacturing names climbed: Samsung Electronics fell 0.93 percent and Posco rose 1.44 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 22 November 2017

Sensex Rises 100 Pts, Nifty Reclaims 10,350 At Open

State owned lender Bank of Baroda said it proposes to raise up to Rs 6,000 crore through rights issue or private placement.

The finance committee of the bank's board has approved the proposal, the lender said in a regulatory filing.

Shares of NCC touched 52-week high of Rs 114.80, gaining 6.5 percent in the early trade as it has won a contract for mine development and operation of Talaipalli coal block.

The consortium formed between NCC and BGR Infra has been awarded a project relating to mine development and operation of Talaipalli coal block by NTPC India.

A special purpose vehicle to be formed between NCC and BGR Mining & Infra with a sharing ratio of 51:49 will execute the project.



For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Started Off Trade On A Positive Note With The Nifty

Equity benchmarks started off trade on a positive note, with the Nifty reclaiming 10,350 level, tracking positive lead from Asian peers.

The 30-share BSE Sensex was up 95.75 points at 33,574.10 and the 50-share NSE Nifty gained 29.80 points at 10,356.70.

About 803 shares advanced against 291 declining shares on the BSE.

Yes Bank, NTPC, Ambuja Cements, Zee Entertainment, Reliance Industries, Tata Motors and Bosch were early gainers.

Bata, Liberty Shoes, Relaxo Footwears, Superhouse and Mirza International gained 1-5 percent as sources told CNBC-TV18 that cabinet may consider package for leather sector today.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 21 November 2017

Jet Airways, In Analysts Meet, Said It Would Focus On Reducing Expenses

Jet Airways, in analysts meet, said it would focus on reducing expenses, especially in trimming maintenance and distribution costs, as the full-service airline pursues strategic growth priorities amid stiff competition.

To bolster its overall income, the carrier would also focus on enhancing ancillary revenue by around Rs 250 crore.

In a presentation made to investors on Monday, the carrier has listed out its priorities for strategic growth.

The airline would look to reduce maintenance expense from January 2019 as well as bring down the cost of sales and distribution, as per the presentation.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory