NIFTY FIFTY : - The Equity benchmark Nifty opened flat on Monday down by 5 points or 0.05 percent at 8710. After a splendid rally last week that pushed Nifty towards 9000
levels, profit booking was seen on the last trading day with both banking as well as IT
NIFTY FIFTY : - The Market opened gap up after an extended Weekend and Sustainedabove 8900 throughout the day’s trading Session. The 50 Shares Index Nifty 50 Opened
at 8852 up by 43 points or 0.48 per cent.
The benchmark Nifty 50 opened on flat basis on Monday down by 2 points at 8670. On Monday the Nifty closed almost flat as inflation spike dashed
immediate October rate cut hopes by RBI, As we have seen the Nifty 50 remained
The document provides a technical analysis of the Nifty 50 and Bank Nifty futures indexes. It notes that the Nifty opened lower on Monday due to Brexit fears but was supported by reforms to foreign direct investment policies. The Bank Nifty also opened lower. The technical analysis provides support and resistance levels for both indexes on daily, weekly and monthly timeframes. It identifies trends and trading opportunities, noting that the Nifty may find support between 7800-7950 and the Bank Nifty faces resistance between 17600-17700.
NIFTY FIFTY : - Equity Benchmark Index Nifty 50 opened on a Strong note on Monday trading Session up
by 107 point’s or 1.16 per cent from its last closing at 9225. Last Friday Nifty fell by 63 points to close Near
9197 level. This was the biggest fall in one day in recent past, As we all know that the Market can Not Run one
NIFTY FIFTY : - The Equity benchmark Nifty 50 opened in a Negative bias on Monday down by 24 points or 0.26 per cent at 8807. Nifty was positive for the last week despite
Friday’s selling. The benchmark Nifty has a major Support of 8790 which the index is
NIFTY FIFTY : - The Equity benchmark Nifty50 has opened flat basis on Monday up by 1 point at 8667. Nifty had a luck-luster movement last week where it moved in a narrow band of 125 points.
NIFTY FIFTY : - The Indian Equity benchmark Nifty 50 opened in a positive note on Monday up by 29 points or 0.33 per cent at 8612. Benchmark Index Nifty traded in a very
small range of 48 points on Friday, Nifty has taken support of its two month's low of
NIFTY FIFTY : - Indian Benchmark Index Nifty had a negative last week which was the result of a combination of local and Global factors. The local being, currency notes reforms initiated by the
government which is bringing in temporary pain to the economy and thereby affecting sentiments.
NIFTY FIFTY : - The Market opened gap up after an extended Weekend and Sustainedabove 8900 throughout the day’s trading Session. The 50 Shares Index Nifty 50 Opened
at 8852 up by 43 points or 0.48 per cent.
The benchmark Nifty 50 opened on flat basis on Monday down by 2 points at 8670. On Monday the Nifty closed almost flat as inflation spike dashed
immediate October rate cut hopes by RBI, As we have seen the Nifty 50 remained
The document provides a technical analysis of the Nifty 50 and Bank Nifty futures indexes. It notes that the Nifty opened lower on Monday due to Brexit fears but was supported by reforms to foreign direct investment policies. The Bank Nifty also opened lower. The technical analysis provides support and resistance levels for both indexes on daily, weekly and monthly timeframes. It identifies trends and trading opportunities, noting that the Nifty may find support between 7800-7950 and the Bank Nifty faces resistance between 17600-17700.
NIFTY FIFTY : - Equity Benchmark Index Nifty 50 opened on a Strong note on Monday trading Session up
by 107 point’s or 1.16 per cent from its last closing at 9225. Last Friday Nifty fell by 63 points to close Near
9197 level. This was the biggest fall in one day in recent past, As we all know that the Market can Not Run one
NIFTY FIFTY : - The Equity benchmark Nifty 50 opened in a Negative bias on Monday down by 24 points or 0.26 per cent at 8807. Nifty was positive for the last week despite
Friday’s selling. The benchmark Nifty has a major Support of 8790 which the index is
NIFTY FIFTY : - The Equity benchmark Nifty50 has opened flat basis on Monday up by 1 point at 8667. Nifty had a luck-luster movement last week where it moved in a narrow band of 125 points.
NIFTY FIFTY : - The Indian Equity benchmark Nifty 50 opened in a positive note on Monday up by 29 points or 0.33 per cent at 8612. Benchmark Index Nifty traded in a very
small range of 48 points on Friday, Nifty has taken support of its two month's low of
NIFTY FIFTY : - Indian Benchmark Index Nifty had a negative last week which was the result of a combination of local and Global factors. The local being, currency notes reforms initiated by the
government which is bringing in temporary pain to the economy and thereby affecting sentiments.
NIFTY FIFTY : - Indian Equity Bench mark Index Nifty gave breakout of 8672 previous week high and closed at 8741 after making a weekly high of 8758. The Equity benchmark Nifty has opened in a Positive note on Monday
trading session Up by 45 points or 0.51 per cent at 8785 levels. Benchmark index Nifty was positive throughout the
The Market started off week on a flat-to-positive note. The Nifty
advanced 13 points to 7568 or 0.2 per cent. Asia Market were lower ahead of a series of market-moving economic data due this week.
The Market has kick started the week on a strong note supported by Index heavyweight.
The Nifty is up 50 points or 0.7 per cent at 7784. Asian stocks open mixed, as oil prices rallied on supply
outages in Canada.
NIFTY FIFTY : - The Indian market ended the week on a soft Note, As Market were taken off on the News of the US FOMC meeting or ahead of US elections on 8 Nov. The Indian Equity
benchmark Nifty opened in Positive Note on Monday up by 28 points or 0.32 per cent at 8653.
NIFTY FIFTY : - NIFTY - Last Trading session of previous week Nifty 50 fell by 0.52%, the index opened at 9226 made high of 9246 and closed at 9151 after making low of 9145. As Government released Industrial
production data for the month of Feb at - 1.20% where expectation was 1.3% and January IIP Numbers were at
The equity benchmark has opened in a Positive bias on Monday with 50Shares Nifty50 up 90 points or 1.05 per cent at 8413. The Nifty50 reclaimed its Crucial level of 8400 for the first time in last 10 Month.
NIFTY FIFTY : - NIFTY - The Equity benchmark Nifty opened in a Positive Note on Monday up by 16 points or 0.18 per cent at 8709. Benchmark Nifty closed on a Positive note on last
week. The Nifty Index Retesting Long -Term trend line breakout around 8740 levels on
The market has opened on a strong note Monday. The Nifty is up 51 points or 0.7 percent at 7561. Equity benchmarks remained strong in morning trade following positive global cues. as traders began to take a more positive view of the European Central Bank's monetary policy decision last week.
The market has opened on a strong note Monday. The Nifty is up 51 points or 0.7 percent at 7561. Equity benchmarks remained strong in morning trade following positive global cues.
NIFTY FIFTY : The Market has Opened in a Negative bias on Monday the 50 Share Index Nifty 50 opened 49 points below or 0.60 Percent of its last closing at 8039. The
Uncertainty over the Consequence of the Britain Exit referendum still hang over investors
NIFTY FIFTY : - Indian Benchmark Index Nifty on Friday closed at 8898 after making low of 8860, the index made a high of 8907 after opening at 8884. From last 2 week Nifty Index fell almost 1.05% from high of 8993.
The Market opened in positive Note on Monday with equity
benchmark Nifty 50 up by 29 points or 0.33 percent above at 8712. Indian markets remained upbeat post the passage of the Goods and Services Tax bill even as the
NIFTY FIFTY : - Indian Markets witnessed magnificent rally on Friday on the back of rate cut hopes from RBI's Monetary Policy review due in December. Index Nifty saw a sharp upside rally of 132 points
from a low of 8006 to make a high of 8138 and finally closed at 8118. The Nifty open in a Negative note
CNX NIFTY - Markets recorded their weekly gain in this week, with the Nifty opening up for second week on Monday at 7869 after long time undervalued of index at 7750-7800. We witnessed a spirited recovery around
8000-8100 level helped by short covering as well as value buying.
The Market has opened sharply higher on Monday with the Nifty raise more than 58 points or 0.7 per cent. Crude oil prices tumbled some 5 per cent early Monday after the failure of talks between the oil exporting countries in Doha shown result
in return of some risk off sentiment, impacted the market.
The document provides an overview of the technical trends in the Nifty 50 and Bank Nifty futures markets last week. It notes that the Nifty reached a new high of 9,367 last week and closed at 9,304 on Monday. It also discusses technical resistance and support levels for both indices. The document then provides analysis of pattern formations for both indices based on technical indicators. Finally, it lists the daily technical levels for various stocks.
NIFTY FIFTY : - The benchmark Index Nifty closed at 8794 after making low of 8771 and a high of 8822 on Last Friday trading session. Nifty traded in a small range of 50 points throughout the day. The equity
benchmark Nifty opened in a positive note on Monday up by 26 points or 0.29 per cent at 8819. Indian
NIFTY FIFTY : The Equity benchmark open in a Positive note on Monday. The 50 Shares Nifty up by 48 points or 0.57 percent at 8376 or Above its Crucial Level of 8350.
The one of the key drivers of the rally in Domestic Market has been the Spread and
The document discusses technical trends in the Nifty 50 and Bank Nifty stock indices. It provides daily, weekly, and monthly resistance and support levels for both indices. It also analyzes pattern formations using indicators like Bollinger Bands and Parabolic SAR. Top gainers and losers for the week are listed, along with recommendations to buy or sell specific stocks and futures in the coming week based on technical analysis. Key news items regarding the Indian economy such as FDI inflows, credit quality of corporations, developing the corporate bond market, and the government maintaining spending targets are also summarized.
The document discusses recent technical trends in the Nifty 50 and Bank Nifty futures markets. It provides analysis of key index levels and technical indicators. It notes that Nifty erased early gains to end flat last week due to political turmoil in the US and Brazil. It also discusses recent FII positions and GST developments that are impacting the markets. Technical analysis suggests levels to watch for potential support and resistance in both indexes in the coming trading sessions.
The Equity benchmark has opened in a positive note on Monday, the
Nifty50 is up by 10 points or 0.12 per cent at 8166. The Nifty has rallied almost 500 points
in last six to seven trading sessions
The Federal Reserve held short-term interest rates steady and officials lowered projections of how
much they’ll raise them in the coming years, signs that persistently slow economic growth and low
inflation are forcing the central bank
NIFTY FIFTY : - Indian Equity Bench mark Index Nifty gave breakout of 8672 previous week high and closed at 8741 after making a weekly high of 8758. The Equity benchmark Nifty has opened in a Positive note on Monday
trading session Up by 45 points or 0.51 per cent at 8785 levels. Benchmark index Nifty was positive throughout the
The Market started off week on a flat-to-positive note. The Nifty
advanced 13 points to 7568 or 0.2 per cent. Asia Market were lower ahead of a series of market-moving economic data due this week.
The Market has kick started the week on a strong note supported by Index heavyweight.
The Nifty is up 50 points or 0.7 per cent at 7784. Asian stocks open mixed, as oil prices rallied on supply
outages in Canada.
NIFTY FIFTY : - The Indian market ended the week on a soft Note, As Market were taken off on the News of the US FOMC meeting or ahead of US elections on 8 Nov. The Indian Equity
benchmark Nifty opened in Positive Note on Monday up by 28 points or 0.32 per cent at 8653.
NIFTY FIFTY : - NIFTY - Last Trading session of previous week Nifty 50 fell by 0.52%, the index opened at 9226 made high of 9246 and closed at 9151 after making low of 9145. As Government released Industrial
production data for the month of Feb at - 1.20% where expectation was 1.3% and January IIP Numbers were at
The equity benchmark has opened in a Positive bias on Monday with 50Shares Nifty50 up 90 points or 1.05 per cent at 8413. The Nifty50 reclaimed its Crucial level of 8400 for the first time in last 10 Month.
NIFTY FIFTY : - NIFTY - The Equity benchmark Nifty opened in a Positive Note on Monday up by 16 points or 0.18 per cent at 8709. Benchmark Nifty closed on a Positive note on last
week. The Nifty Index Retesting Long -Term trend line breakout around 8740 levels on
The market has opened on a strong note Monday. The Nifty is up 51 points or 0.7 percent at 7561. Equity benchmarks remained strong in morning trade following positive global cues. as traders began to take a more positive view of the European Central Bank's monetary policy decision last week.
The market has opened on a strong note Monday. The Nifty is up 51 points or 0.7 percent at 7561. Equity benchmarks remained strong in morning trade following positive global cues.
NIFTY FIFTY : The Market has Opened in a Negative bias on Monday the 50 Share Index Nifty 50 opened 49 points below or 0.60 Percent of its last closing at 8039. The
Uncertainty over the Consequence of the Britain Exit referendum still hang over investors
NIFTY FIFTY : - Indian Benchmark Index Nifty on Friday closed at 8898 after making low of 8860, the index made a high of 8907 after opening at 8884. From last 2 week Nifty Index fell almost 1.05% from high of 8993.
The Market opened in positive Note on Monday with equity
benchmark Nifty 50 up by 29 points or 0.33 percent above at 8712. Indian markets remained upbeat post the passage of the Goods and Services Tax bill even as the
NIFTY FIFTY : - Indian Markets witnessed magnificent rally on Friday on the back of rate cut hopes from RBI's Monetary Policy review due in December. Index Nifty saw a sharp upside rally of 132 points
from a low of 8006 to make a high of 8138 and finally closed at 8118. The Nifty open in a Negative note
CNX NIFTY - Markets recorded their weekly gain in this week, with the Nifty opening up for second week on Monday at 7869 after long time undervalued of index at 7750-7800. We witnessed a spirited recovery around
8000-8100 level helped by short covering as well as value buying.
The Market has opened sharply higher on Monday with the Nifty raise more than 58 points or 0.7 per cent. Crude oil prices tumbled some 5 per cent early Monday after the failure of talks between the oil exporting countries in Doha shown result
in return of some risk off sentiment, impacted the market.
The document provides an overview of the technical trends in the Nifty 50 and Bank Nifty futures markets last week. It notes that the Nifty reached a new high of 9,367 last week and closed at 9,304 on Monday. It also discusses technical resistance and support levels for both indices. The document then provides analysis of pattern formations for both indices based on technical indicators. Finally, it lists the daily technical levels for various stocks.
NIFTY FIFTY : - The benchmark Index Nifty closed at 8794 after making low of 8771 and a high of 8822 on Last Friday trading session. Nifty traded in a small range of 50 points throughout the day. The equity
benchmark Nifty opened in a positive note on Monday up by 26 points or 0.29 per cent at 8819. Indian
NIFTY FIFTY : The Equity benchmark open in a Positive note on Monday. The 50 Shares Nifty up by 48 points or 0.57 percent at 8376 or Above its Crucial Level of 8350.
The one of the key drivers of the rally in Domestic Market has been the Spread and
The document discusses technical trends in the Nifty 50 and Bank Nifty stock indices. It provides daily, weekly, and monthly resistance and support levels for both indices. It also analyzes pattern formations using indicators like Bollinger Bands and Parabolic SAR. Top gainers and losers for the week are listed, along with recommendations to buy or sell specific stocks and futures in the coming week based on technical analysis. Key news items regarding the Indian economy such as FDI inflows, credit quality of corporations, developing the corporate bond market, and the government maintaining spending targets are also summarized.
The document discusses recent technical trends in the Nifty 50 and Bank Nifty futures markets. It provides analysis of key index levels and technical indicators. It notes that Nifty erased early gains to end flat last week due to political turmoil in the US and Brazil. It also discusses recent FII positions and GST developments that are impacting the markets. Technical analysis suggests levels to watch for potential support and resistance in both indexes in the coming trading sessions.
The Equity benchmark has opened in a positive note on Monday, the
Nifty50 is up by 10 points or 0.12 per cent at 8166. The Nifty has rallied almost 500 points
in last six to seven trading sessions
The Federal Reserve held short-term interest rates steady and officials lowered projections of how
much they’ll raise them in the coming years, signs that persistently slow economic growth and low
inflation are forcing the central bank
This document provides daily and weekly support and resistance levels for various commodities trading on the MCX and NCDEX exchanges. It also includes brief summaries of recent international and domestic news related to commodities such as gold, silver, crude oil, aluminum, copper, refined soya, chana, jeera, castorseed, and rape mustard seed. Additionally, it contains a legal disclaimer from Ways2Capital regarding the information presented.
The government is gearing up to launch the gold monetization scheme around Diwali with an interest rate of 1.5-2% on gold deposits.As regards the sovereign gold bond scheme, the government aims to raise Rs 15,000 crore and the timing of the launch will be decided consultations with the Reserve Bank.
European Central Bank head Mario Draghi said that "growth is too low everywhere" in the
19-country eurozone despite a modest recovery. Draghi made the blunt remark as he opened a
conference on the unemployment problem plaguing several of the European Union member
countries that share the euro currency.
The equity benchmark has opened in a Positive bias on Monday with 50 Shares Nifty50 up 90 points or 1.05 per cent at 8413. The Nifty50 reclaimed its Crucial level of 8400 for the first time in last 10 Month.
Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze continued to drag on prices.
The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end of the year was fading.
The document provides a technical analysis of the Nifty 50 and Bank Nifty futures indexes. It notes that both indexes opened lower on Monday due to weak global cues. For Nifty, key support levels are seen at 7,700 and 7,600-7,516, while resistance is at 7,780-7,850. For Bank Nifty, support is at 16,300-16,100 and resistance at 16,500-16,750. The analysis also provides daily, weekly and monthly resistance and support levels for both indexes going forward as well as commentary on moving averages and parabolic SAR indicators.
The Market has started off week on a positive note, tracking global cues post US job data.The Nifty50 climbed 38 points to 7751 and 0.43 per cent. Asian market is also opened in a positive note tracking the US market on Monday.
The step down in job gains could temper expectations of a strong rebound in economic activity in the second
quarter after growth nearly stalled in the first three months of the year
The document provides daily and weekly price levels and analysis for various commodities trading on the MCX, NCDEX and forex markets. It includes the following key points:
- Most metals rose led by zinc and nickel, while natural gas and crude oil prices were mixed for the week.
- The FOMC minutes signaled a likely rate hike in June boosting the US dollar and weighing on gold and silver.
- Supply disruptions in Nigeria, Venezuela and US shale bankruptcies are tightening oil supplies despite global inventories remaining high.
Gold prices closed at the lowest level in nine months on Friday as expectations for higher U.S. interest rates continued to cloud the demand outlook for the precious metal.
NIFTY FIFTY : - Indian Bench Mark Index Nifty has given breakout of its weekly target 8598 and made a high of 8672 Last week Nifty closed at 8641 after making a low of 8327. The Nifty Index rallied by 3.5% in
last week. Bull has shown strong control on Indian Market on Friday,
NIFTY FIFTY : - Last Week Equity benchmark Nifty traded in a range of 141 points between 8264 and 8123. As per expected line the Federal Reserve raised its benchmark interest rate by 25 basis points and Global Markets welcomed the move.
The document provides a technical analysis of Nifty 50 and Bank Nifty futures. It notes that Nifty hit 7500 and is looking to reach higher levels of 7680-7700, with support at 7420. Bank Nifty opened lower but technical indicators suggest possible bull movement if it sustains above 15200, with support at 14800-14650. Top gainers and losers among stocks are also listed, along with buy recommendations for specific futures based on technical analysis.
: The Market has opened in Green on Monday, The Nifty up by 8 point or
0.12 per cent at 8228 but below its crucial level of 8250. The US Job creation tumbled in
may, U
NIFTY FIFTY : -Nifty gave euphoric buying of 3.94% from its low of 7896 in last 4 days of trading session for the year 2016. Indian benchmark index Nifty is opened unchanged at 8175 and with major global markets
closed for the day. The Equity benchmark Nifty opened in a Positive note on Monday up by 25 points or 0.30
The Market has opened in a Negative bias on Monday with the Equity benchmark Nifty 50 was down 22 points or 0.25 percent at 8519. The Nifty 50 reversed a trend in Monday trade and surged nearly 100 points to hit a fresh 52 week high of 8641.
The market has kick-started the week with mild gains. The Nifty down 4.50 points at 7894.80. Global developments and F&O expiry on Thursday keep the market volatile, Nifty managed to hit a four-month high in this week’s trade, but failed to sustain as traders turned cautious after a staggering rally in last two months.
The document provides a weekly summary of key news related to the Indian economy and markets:
- Industrial production contracted 1.9% in October, resuming its decline after a brief growth in September, suggesting further economic pain from demonetization.
- The CBDT sought to alleviate fears of tax investigations among small and medium businesses accepting digital payments for the first time due to demonetization.
- India's current account deficit narrowed to 0.6% of GDP in July-September due to a smaller trade deficit from a larger fall in imports versus exports.
- The Chief Economic Advisor called for including land, real estate and power under the goods and services tax (GST) regime as the
U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for vironmentalists who campaigned against the project for
more than seven years.
Benchmark Index Nifty completed its weekly target of 8288 and made high of 8307. Nifty showed profit booking on last day of the week and was down by 0.36% on last Friday. On Friday, Nifty Spot
opened at 8283 and made a high of 8306, achieving its target of 8288. Nifty then corrected for the day to make a
Gold in the European market settled on Monday near the highest in a week sup-ported by the decline of the US dollar against a basket of currencies and thanks to this decline prices on
The Indian Equity market remained remained positive throughout last week as the indices posted a gain of 1.6 percent each largely supported by metal, auto, energy and infra stocks. The Nifty50 index managed to close above 11,000 for the first time since September 2018. Nifty gained 172 points in the truncated week ended March 8. On a weekly basis, the rupee rose over 1
Gold prices continued to fall on Monday dropping through the 1,290 level. The dol-lar continued to gain ground early despite the comment from President Trump that he does not want to see a stronger greenback. Late in the trading session the dollar
The document provides a weekly market update with information on currency exchange rates, stock market indices, commodity prices and economic events. Some key points:
- The Indian rupee depreciated against the US dollar and Japanese yen but appreciated against the British pound.
- Domestic stock market indices like Nifty 50 and Nifty Bank saw weekly gains around 0.5-1%, while metals and media sectors gained over 2%.
- International crude oil and gold prices declined nearly 3% over the week.
- Upcoming economic events include services PMI reports from the UK and US as well as US jobs and unemployment data.
This document provides market wrap-ups and summaries for various commodities across several exchanges including NCDEX, MCX, LME, and COMEX. It includes closing prices and percentage changes for commodities such as gold, silver, crude oil, copper, aluminum, and agricultural products. It also provides upcoming economic events and calendar, weekly pivots and ranges for various currencies and commodities, and fundamental analysis for some commodity markets.
On Wednesday spot gold prices declined 0.13 percent to close at $1266.9 per ounce amid concerns about global economic growth and a partial U.S. government shut down although a rebound in investor risk appetite in the previous session lim-
After a weak start for a truncated week, the Indian indices recovered from the lows and ended with a percent gain. The Nifty was up 0.98 percent, or 105.9 points, to close at 10,859.9. Positive lead from Wall Street and rally in banking & financial stocks lifted investor sentiment. Ending the week with a Hammer candle implies further strength in the index in coming sessions. The
Gold traded on flat note on Friday after jumping more than 1 percent in the previ-ous session boosted by a crumbling dollar and as sliding stocks prompted an influx of safe haven bids after the U.S. Federal Reserve monetary policy stance aug-
This document provides a weekly market update on currency exchange rates, stock market indices, and commodity prices. It includes the weekly percentage changes for various currency pairs, stock market indices in India, and commodity prices. It also lists the top weekly gainers and losers from the stock market. Pivot point levels are provided for analyzing support and resistance levels for Nifty 50 stocks. Options open interest data is also presented.
Gold prices steadied on Friday after slipping to a week low in the previous session supported by the uncertainty around the Federal Reserves next years policy out-look while the dollar strengthened on expectations of a rate hike next week.
Last week our Indian Equity market opened on a gap down not on Monday backed by most of the exit polls results indicating possible defeat of BJP in key states. It remained in pressure till 1st session of the Tuesday where after state assembly results came out in favor of congress. Which lifted the sentiments of the market and it recovered from lower levels and it remained
Gold traded firm near a five month peak hit early on Monday supported by a disap-pointing U.S. jobs data that fuelled speculation that the Federal Reserve may stop
Last week our Indian Equity market opened on negative note and remained bearish throughout the week. The December series kick-started on a volatile note with Nifty making swing high of 10,974 and a swing low of 10,611 to end the week with a loss of 1.4 percent. The IT sector outperformed while huge selling was seen in the pharma sector (mainly Sun Pharma), auto, metals,
Gold prices were steady early on Monday as the dollar weakened on U.S. China trade truce that revived investor demand for riskier assets. Spot gold inched up 0.1 percent to $1,222.97 per ounce at the time of writing. U.S. gold futures were up 0.2
The Nifty Bank index started the last week on positive note on Monday and extended its positive run in most of the trading session in the week . The Bank Nifty ended the November F&O expiry on an optimistic note and well above the previous hurdle of 26,400 to give index closing at 26,914 on positive note on weekly basis with gain of 3.50%. Participation was seen
Gold prices traded on flat note on Thursday after rising to a two week high in the previous session as the dollar slipped with uncertainty on the pace of interest rate hikes by the U.S. Federal Reserve also supporting the metal. Spot gold traded at
Last week our Indian Equity market opened on a gap up note but Nifty failed to hold on to its important resistance levels of 10700 and saw a sharp correction in the last 3 trading session that dragged the index below 10,550. The Nifty index closed at the week’s low level of 10,511 down by almost 1.46 %. Broad-based selling was seen in cement, pharma, technology and metal
Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union. Spot gold was up 0.2 per-
This document provides a weekly market update with information on currency exchange rates, stock market indices, and commodity prices. It summarizes the weekly performance of various indices such as Nifty, Nifty Bank, and sectoral indices. It also lists the top weekly gainers and losers among stocks. The document concludes with stock-specific pivot point levels and analysis of long and short positions in Nifty options.
Gold prices were steady on Monday having dipped to a one month low in the previ-ous session after the U.S. dollar firmed on the Federal Reserves plans to gradually keep tightening borrowing costs.
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Equity Research Report 19 September 2016 Ways2Capital
1.
2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Equity benchmark Nifty opened flat on Monday down by 5 points
or 0.05 percent at 8710. After a splendid rally last week that pushed Nifty towards 9000
levels, profit booking was seen on the last trading day with both banking as well as IT
stocks correcting significantly. With a sharp nosedive in US markets on Friday night due
to both North Korean missile test and US FED rate hike concerns, recent global market
rally comes to an intermediate pause at least for the time being. Midway through the
September F&O series. The benchmark Nifty has Corrected by over 250 points, Already
from its high of 8995. FII and pros have been seller in F&O as well as cash market in this
week. The Nifty traded flat amid talk of Rupee devaluation and tepid Global cues. The
Nifty chart suggesting that , Nifty to sustain crucial Support level of 8700-8780 area For
further rally up to 8870-8800 zone. The crucial levels for Nifty is 8700-8640 down side
and 8880-8920 is Up Side.
BANK NIFTY : - The Bank Nifty has opened in a negative bias down by 33 points or 0.17
per cent at 19757. Consecutive closing above 21200 for any reason, Whatsoever Bank
Nifty may further rally upto 20750-21900 in near to mid term. The Fundamental
Valuation of Bank Nifty P/E around 30.33 and it goes around 23500 level, it may be quite
expensive. Bank Nifty is facing a big hurdle at 20540-20750 despite power of liquidity,
Sustain below 20200- may drag it 18900 in near term. The Reserve Bank of India has
instructed banks to accept cash deposits at the counter from people declaring unaccounted
wealth under the Income Declaration Scheme. The Bank Nifty Chart is Suggesting the
range of 19560-20300. The Crucial Level for Nifty is 19800-19650 down side and 20150-
20280 is up side.
Monday, 19 September 2016
4. PATTERN FORMATION ( NIFTY )
Detail of Chart - On the Above given daily Chart of Nifty has Applied the Bollinger
Band Along with Parabolic SAR, both the indicators give early indication of Bullish or
Bearish trend of the market. Along with that the Nifty dalily Chart is Froming the Gap
Down Pattern Which is the reversal trend Signal. As we have seen in last week the Nifty
is traded in the range of 8660-8995 Levels. Now it seems that trend could be reversal into
the bearish Side in the Daily Chart has Formed the Bearish Gap Down candle which is
also the signal of bear market. If the Nifty is breaking the levels of 8800-8660 level we
could witness the level of 8580-8780 in near Term. Move Toward the 8800 levels in
upcoming will lead the Nifty to break the level of 8900-8980. The Crucial levels for Nifty
is 8780-8750 down side and 8840-8880 is Upside.
5. PATTERN FORMATION ( BANK NIFTY )
Detail of Chart - On the Above given daily Chart of Bank Nifty has Applied the
Bollinger Band along with the Parabolic , The Usage of bollinger Band differ from
Trader-to-Trader indication of Bullish or Bearish trend of the market respectively. Thus
the Bank Nifty Chart also formed the hanging man kind of pattern. Kind of Pattern which
is a Bearish signal for market, from this Point we are Expecting if Bank Nifty Consolidate
Upcoming week. Then it would touch the level of 19950-20250 in Near-Term. If we look
into the Fundmaentals of Bank Nifty there are some action is taken to overcome the NPA
issue of Public Sector Bank. The Important levels for Bank Nifty is 20180 - 19750 down
side and 2380-20460 is up side.
8. NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
India’s Direct tax mop-up rises 15 % in Apr-Agust - The figures for Direct Tax
Collections up to August, 2016 show that net revenue collections are at Rs. 1.89 lakh
crore which is 15.03% more than the net collections for the corresponding period last
year. Till August 2016, 22.30% of the Budget Estimates of direct taxes for Financial Year
2016-17 has been achieved. As regards the growth rates for Corporate Income Tax and
Personal Income Tax, in terms of gross revenue collections, the growth rate under CIT is
11.55% while that under PIT is 24.06 %. However, after adjusting for refunds, the net
growth in CIT collections is (-)1.89% while that in PIT collections is 31.76%. Refunds
amounting to Rs. 77,080 crore have been issued during April - August, 2016, which is
22.18 % higher than the refunds issued during the corresponding period last year. The
figures for indirect tax collections upto August 2016 show that net revenue collections are
at Rs. 3.36 lakh crore which is 27.5% more than the net collections for the corresponding
period last year. Till August 2016, 43.2% of the Budget Estimates of indirect taxes for
Financial Year 2016-17 has been achieved. As regards Central Excise, net tax collections
stood at Rs.1.53 lakh crore during April-August, 2016 as compared to Rs.1.03 lakh crore
during the corresponding period in the previous Financial Year, thereby registering a
growth of 48.8%.
India is Likely to post its first current account surplus in nine Years - India is likely
to post its first current account surplus in nine years in the latest quarter, which should
bolster the rupee though it is not a good sign for the economy as it reflects weak
investment demand at home and subdued exports, analysts said. Forecasts given by
investment houses' research notes and from analysts that Reuters spoke to showed
expectations centering on a surplus INCURA=ECI of $ 4 billion, or 0.8 percent of GDP,
in April-June quarter. That compared with a deficit of $ 6.2 billion, equivalent to 1.2
percent of GDP, in the same quarter a year ago. And, if the forecasts prove correct it will
be the first surplus since January-March 2007, though India is unlikely to keep the
surpluses coming. For the full year ending in March 2017, India is likely to post a deficit
even lower than last year's 1.1 percent of GDP, as foreign investment inflows remain
steady - and that should be broadly supportive for the rupee. Analysts have revised down
their forecasts for the 2016/17 deficit to below 1.0 percent from earlier projections of
between 1.2-1.5 percent. The Reserve Bank of India is expected to release the June
quarter data this month. For a developing economy like India slow import growth is a
negative sign, as it reflects weak investment demand because Indian firms need to buy
9. capital goods and machinery from abroad. That weakness in the economy, it could
persuade the RBI to keep liquidity easy for now. The RBI is also unlikely to let the rupee
strengthen too much, and any central bank action to take dollars out of the market will
add to rupee liquidity. "The improvement in current account deficit is definitely positive
for the rupee." so far as the RBI is concerned, as it is a reflection of weak investment
demand which is impacting the pick up in imports."Trade data released last month
showed imports fell 16.33 percent to $ 114 billion in the four months through July thanks
to lower gold and oil import bills, while exports fell 3.62 percent to $ 87 billion.
India's August WPI at 3.74% Food Articles Inflation at 8.23% - The annual rate of
inflation, based on monthly WPI, stood at 3.74% provisional for the month of August,
2016 over August, 2015 as compared to 3.55% for the previous month and -5.06% during
the corresponding month of the previous year. Build up inflation rate in the financial year
so far was 4.45% compared to a build up rate of 0.23% in the corresponding period of the
previous year. The index for this major group declined by 0.2 percent to 268.9 provisional
from 269.5 provisiona for the previous month. The index for ‘Food Articles’ group
declined by 0.6 percent to 284.2 from 285.8. The index for ‘Non-Food Articles’ group
declined by 0.1 percent to 236.3 from 236.6 for the previous month.
Softening trend in inflation leaves door open for rate cut : DBS - The RBI may
consider chopping interest rate in the coming three months as inflation may slip below 5
per cent during September-December period, before inching up in the following quarter,
says a report. According to global financial services major DBS, the softening trend in
inflation leaves the door open for a rate cut in the fourth quarter of this calender year
"with odds of a move in October on the rise". A benign inflation path going forward and
likelihood of a dovish policy committee leaves the door open for further easing but this
needs to be balanced off with firmer demand dynamics and risks of US rate normalisation
as the September Federal Open Market Committee meeting approaches," DBS said in a
research note. The next RBI policy review meet is scheduled for October 4. It would also
be the first review under the new RBI Governor Urjit Patel, who assumed charge on
September
Arun Jaitley reviews quarterly performance of PSBs and FIs - The Union Finance
Minister, Arun Jaitley will hold a Quarterly Performance Review Meeting with the Chief
Executive Officers and Managing Directors of Public Sector Banks and Financial
Institutions in the national capital tomorrow. During the one day Meeting, the Finance
Minister Jaitley will review the overall Performance of PSBs in the current Financial
10. Year and last quarter in particular. The Finance Minister will review the progress of credit
and growth and asset quality especially with regard to Priority sectors lending including
credit flow to Agriculture and Insurance Sector, MSE, Minorities, SC & ST, Education
and Housing Loan among others. The progress made in the various Social Sector
Schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana , Pradhan Mantri Surkasha
Bima Yojana and Atal Pension Yojana as well as in case of Pradhan Mantri Jan Dhan
Yojana , Stand-Up India and MUDRA Schemes will also be reviewed during the
aforesaid meeting. The issues relating to financial inclusion and literacy as well as Non
Performing Assets are also likely to be discussed during the one day meeting. Along with
the CEOs of PSBs and FIs, the meeting will also be attended by Santosh Kumar
Gangwar, Minister of State for Finance, Arjun Ram Meghwal, Minister of State for
Finance & Corporate Affairs, Anjuly Chib Duggal, Secretary, Department of Financial
Services , Dr Arvind Subramanian, Chief Economic Adviser and senior officers of the
Ministry of Finance among others.
High growth rate mandatory for collective well being: Arun Jaitley - A high growth
rate is a requisite if the benefits of growth are to percolate down to the last man,
especially minorities. Post 1991 economic liberalization, the acceleration of growth rate
has led to substantial reduction in poverty. All communities have shown reduction in
poverty levels, however on an uneven basis, says Union Finance Minister, Arun Jaitley,
speaking at a Conference on Empowerment through Education – ‘Taalim-o-Tarbiyat’ in
Mumbai. While higher growth rate impacts all by way of offering economic
opportunities, certain minorities have lagged behind and those areas need to be addressed.
Despite the poverty rate among Muslim community declining from 52% in 1991 to about
27% in 2011, some communities like Jains and Parsis have overcome the challenge of
poverty, he said. Jaitley said education is the key to improve the conditions faster which
would aid conversion of skills into opportunities. Madarasa is an important institution in
imparting education for children of Muslim community and complimented the efforts of
leaders like Zafar Sareshwala, for blending technology and traditional teachings, he said.
✍ TOP ECONOMY NEWS
State-owned banks looking forward to the next round of capital infusion will need to
fulfill a new set of criteria, including credit recovery, as the Finance Ministry has revised
the recapitalisation norms.
The Cellular Operators Association of India , the industry body representing all GSM
11. operators, was asked to leave the meeting called by the telecom regulator to resolve the
issue of interconnect.
India's annual consumer price inflation eased to 5.05% in August, helped by smaller rises
in food prices.
Industrial output in July dipped by 2.4% dragged down by poor performance of mining
and manufacturing sector. Data released revealed that the mining sector grew by 2%
while the manufacturing output declined by 1.4%.
Net direct tax collections during the April-August period has grown 15.03 % to Rs. 1.89
trillion, led by robust collections in personal income tax.
Net indirect tax collections in the April-August period grew 27.5% to Rs. 3.36 trillion on
the back of surge in excise collections.
Following presidential assent last week to the GST Bill, the Union Finance Ministry
notified the provisions of the Constitution Amendment Act that allows for setting up the
Goods and Services Tax Council.
India’s decision to offer duty concessions on about a fourth of its traded goods to the
members of the Asia Pacific Trade Agreement — China, Bangladesh, Lao, South Korea
and Sri Lanka — was approved by the Union Cabinet.
India’s Wholesale inflation soared to a two-year high of 3.74% in August as pulses and
manufactured items showed an uptick in prices even as vegetable prices witnessed some
moderation.
The National Highways Authority of India , which proposes to award road works worth
Rs. 1 trillion by the end of the current financial year, has received an offer from a global
pension fund to provide Rs. 300 billion rupee loan at 5.5-6% interest rate.
Road Ministry and National Highways Authority of India will together take up 82
highway projects under the ambitious Bharatmala project in order to improve port
connectivity.
12. ✍ TOP CORPORATE NEWS -
Tata Steel Limited had urged Chhattisgarh government to return the money it had
deposited for purchasing land in Bastar where company had planned to set up mega steel
plant.
Indian Oil Corporation might hold 50% in a refinery being planned on the west coast if
Saudi Arabia and Kuwait do not take up the offer of an equity stake.
Wipro Limited has won an IT contract from NSB Group, one of Norways largest
transportation groups.
MIC Electronics Limited has secured a patent for its LED DigiPoster, which the
company maintains is a next generation digital display technology for various
applications across the world. The patent is valid up to the year 2028.
Mahindra & Mahindra Limited has rebranded its electric mobility portfolio as
Mahindra Electric aiming for a greater focus on technology and launch more electric
models, besides supplying powertrains to other manufacturers.
Indoco Remedies Limited said the US health regulator has inspected its Goa plant and
has issued six observations on account of violation of good manufacturing norms.
The National Highways Authority of India has awarded a Rs. 8.20 billion highway
project in Rajasthan to PNC Infratech limited.
Ashok Leyland Limited and Nissan have decided to part ways in their loss-making light
commercial vehicle joint ventures, which were formed in 2007. Ashok Leyland has
decided to buy its partners stake in the JVs floated by the two partners.
Vedanta Limited are to convene in Goa for an Extraordinary General Meeting , to
discuss the proposed absorption of Cairn India.
Coal India Limited has surrendered exploratory blocks in Mozambique after failing to
find mineable coal in them.
Hindustan Petroleum Corporation Limited shut a unit at its 130,000 bpd refinery in
13. Mumbai last week due to a technical glitch, and has since been importing gasoline.
Dewan Housing Finance Corporation Limited has raised Rs. 100 billion by allotting
NCDs to successful applicants.
A final decision on the much-delayed Rajasthan refinery, to be set up by Hindustan
Petroleum Corporation for an estimated over Rs. 370 billion, but has run into a political
quagmire, is expected within a few months.
As part of the disinvestment process, Engineers India Limited will sell part of the
government stake to its eligible employees at a discounted price of Rs. 187.29 /unit, a
move that will fetch about Rs. 315 million to the exchequer.
Tata Motors Limited has launched its first product, a versatile mini-truck SuperAce, in
Vietnam.
DLF Limited will invest about Rs. 5 billion to develop an IT Park in Chennai as the
commercial real estate market has picked up in major cities.
PI Industries Limited is looking to foray into the pharma sector for manufacturing and
export of early intermediates.
The Delhi High Court has granted an opportunity to Unitech Limited to complete its
delayed housing projects and hand over possession of flats to buyers by opening escrow
accounts and using the money deposited in it solely for these projects.
Redington India Limited, distributors for Apple in the country, said that the company
will start offering the new iPhone 7 and iPhone 7 Plus, beginning on October 7.
Prestige Estates Projects that recently bought back CapitaLands stake in a mall project in
Bangalore, is converting it into a IT business park due to lower supply in this segment.
Glenmark Pharmaceuticals announced receipt of final approval from US health
regulator for its generic version of AstraZeneca's Xylocaine ointment.
Paving the way for stake sale in its commercial finance unit with a loan portfolio of about
Rs. 165 billion, Reliance Capital has got shareholders’ approval for the transfer of this
business to a separate company.
14. Mahindra CIE Automotive is reportedly all set to acquire Bill Forge, for about USD 200
million, or Rs 13 billion.
The government has decided to task central public sector undertakings including NMDC,
NTPC and SAIL with pushing mineral exploration in India.
Repco Home Finance Limited has raised up to Rs. 2 billion by issuing non-convertible
debentures on private placement basis.
The coal ministry has released Rs. 780 million compensation to seven firms including
GMR Energy, Hindalco, Neyveli Lignite Corp and Singareni Collieries Company.
Indiabulls Housing Finance is planning to restructure its long-term loan portfolio to
bring down the average cost of borrowing for the company by 30-40bps.
Hindustan Construction Company has bagged order worth Rs. 1.82 billion from the
Department of Atomic Energy to build premium highrise residential towers at Indira
Gandhi Centre for Atomic Research, Kalpakkam, Tamil Nadu. This is an item rate
contract to be completed in 30 months.
Manappuram Finance has raised Rs. 2 billion through issuance of secured redeemable
non-convertible debentures on a private placement basis to ICICI Prudential Mutual
Fund.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
The Competition Commission of India is likely to complete its probe into alleged
cartelisation by state-run banks within two months, according to a senior official. The
competition watchdog is investigating whether public sectors banks, which together
control nearly three quarters of the country's banking business, are conniving to keep the
interest rates on savings accounts low at about 4% when private sector lenders are
offering more.
Imagine being able to avail a home loan almost as easily as obtaining a loan for buying
white goods in an appliance store. Or, having a refund credited to your account within
minutes of a failed transaction or cancellation. This would be possible once banks begin
15. to use the underlying technology of bitcoins called blockchain. Today, bankers spend
much of their energies in establishing contracts, ascertaining identity and going through
records to check whether a certain transaction did take place in the past. The technology
that has the potential to address these problems is blockchain — an electronic public
ledger that records virtual currency transactions which cannot be tweaked or deleted.
After being seen as a challenger to traditional payments, the bitcoin threat wore off
following the collapse of a bitcoin exchange. Ironically, while bitcoin's key feature is the
anonymity it provides owners, blockchain's killer application is provenance.
State Bank of India Chairman Arundhati Bhattacharya looks set to get an extension for
six months to oversee the merger of its five associate banks with the parent.
Bhattacharya's term is due to end next month and an extension is seen as a compensation
for her not being appointed Sebi chairman, although she was especially called for an
interaction by a panel headed by the cabinet secretary. Sources said the government is
working on extending her term at a time when the country's largest lender, which controls
around a quarter of the market, is grappling with over Rs. 1 lakh crore of bad debt. State
Bank of India is also dealing with the complicated task of merging its five remaining
associate banks -State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of
Mysore, State Bank of Patiala and State Bank of Travancore -with itself along with
Bharatiya Mahila Bank, the government's experiment with a women-focused lender
which has not made any headway .
State Bank of India Chairperson Arundhati Bhattacharya says a 25 basis points cut in
interest rates was in the offing and that an improvement in the financial health of India's
banking sector was closely linked to the overall performance of the economy. In an
interview to IANS, the 60-year-old banker also said the four per cent inflation target fixed
by the government is a tad low in an emerging economy like India where food inflation
has rarely fallen below six per cent in the past 60 years. Nonetheless, she felt the current
inflation level is set to fall due to a statistical play that could pave the way for a cut in
interest rates by commercial banks -- which the central bank has been asking for, as and
when it has itself cut interest rates.
The Reserve Bank of India has instructed banks to accept cash deposits at the counter
from people declaring unaccounted wealth under the Income Declaration Scheme, an
official statement said here on Friday. "The RBI has on September 8 instructed the banks
to invariably accept cash deposits from all the declarants under the Scheme and to accept
cash deposits, irrespective of amount, over the counters, for making payment," a Finance
Ministry statement said.
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