NIFTY FIFTY : - The Indian Benchmark Index, Nifty fell 2.12% for the week ended 11 Nov 2016. Volatility was the order of the week with the panic gap down low of 8076 being made on Wednesday on 9th Nov. Morning as it suffered from the double whammy
The document provides a technical analysis and market summary for the week. It summarizes movements in the Nifty 50 and Bank Nifty indices. The Nifty closed lower last week due to profit taking by FIIs. Bank Nifty also fell over the week due to an RBI directive requiring higher loan loss provisions. The technical outlook suggests the Nifty needs to sustain above 9520 for further upside, while Bank Nifty faces resistance around 23350-23700 and support at 23130-22978. Top gainers were led by Tata Steel, while top losers included SBI and Asian Paints.
The document provides a daily market summary and outlook for the Indian stock market. It notes that markets opened lower due to weak Asian markets. The Nifty fell over 1% due to selling in large caps and weak global cues. Concerns around demonetization slowing GDP growth and the RBI policy review contributed to declines. In derivatives, the India VIX rose and put/call ratios were low. The analysis provides support and resistance levels and recommends stocks to buy or sell.
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
A nervous Dalal Street dreads a selloff by FIIs on BJP's Bihar defeat - Bharatiya Janata Party (BJP)'s disappointing show in the Bihar elections may not go down well with investors in the near future.
CNX NIFTY - The Nifty Future is open on Monday 7732.95 The market took a sharp beating in post lunch trade triggered by sell-off in option futures. Traded between 7700-7800. On Wednesday Nifty tumbled below 7750 as fears of further downtrend seized trader.
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 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.
The document provides a technical analysis and market summary for the week. It summarizes movements in the Nifty 50 and Bank Nifty indices. The Nifty closed lower last week due to profit taking by FIIs. Bank Nifty also fell over the week due to an RBI directive requiring higher loan loss provisions. The technical outlook suggests the Nifty needs to sustain above 9520 for further upside, while Bank Nifty faces resistance around 23350-23700 and support at 23130-22978. Top gainers were led by Tata Steel, while top losers included SBI and Asian Paints.
The document provides a daily market summary and outlook for the Indian stock market. It notes that markets opened lower due to weak Asian markets. The Nifty fell over 1% due to selling in large caps and weak global cues. Concerns around demonetization slowing GDP growth and the RBI policy review contributed to declines. In derivatives, the India VIX rose and put/call ratios were low. The analysis provides support and resistance levels and recommends stocks to buy or sell.
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
A nervous Dalal Street dreads a selloff by FIIs on BJP's Bihar defeat - Bharatiya Janata Party (BJP)'s disappointing show in the Bihar elections may not go down well with investors in the near future.
CNX NIFTY - The Nifty Future is open on Monday 7732.95 The market took a sharp beating in post lunch trade triggered by sell-off in option futures. Traded between 7700-7800. On Wednesday Nifty tumbled below 7750 as fears of further downtrend seized trader.
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 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.
The document provides a weekly summary of news related to the Indian stock market. Key points include:
- Foreign direct investment into India increased 23% in the first two months of the current fiscal year compared to the same period last year.
- Direct overseas investments by Indian firms plunged 46% in June 2017 compared to June 2016.
- The IMF expects Indian economic growth to pick up in 2017 and 2018, in line with its April 2017 forecast.
- According to Niti Aayog, India's GDP growth was at the lower end of planning commission projections during the first two years of the 12th Five-Year Plan based on the old GDP calculation methodology.
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 document provides an analysis of the Indian stock market. It notes that the Nifty index opened lower due to declines in Asian markets but recovered later in the day. Banking stocks rose on expectations that demonetization will boost deposits and transactions. Metal stocks increased after comments from Donald Trump about infrastructure spending. The top gainers in the Nifty were TATASTEEL, BANKBARODA, and HINDALCO. Technical analysis indicates the Nifty may face resistance at 8600 and support at 8430 going forward. Bank Nifty is showing outperformance and technical signals suggest it could rise to 20500 if it sustains above 20200.
NIFTY FIFTY : - Indian shares hit new record highs in last week trading sessions, on hopes of good southwest monsoon rain, robust monthly sales figures from automakers and positive global cues
NIFTY FIFTY : - Last Week, The Nifty index opened at 9588 and closed at 9666 after making high of 9700. Top performing sectors for last week was FMCG-Food, Metals & Mining and Infra- Construction Engineering and Material
and Realty. Last Day, The Indian Benchmark Index Nifty made record high of 9782 and closed at 9771. Infra Power,
#ChoiceBroking #EquityBazaar - Today, We may witness flat opening in Nifty around 8666 level on back of SGX Nifty and other Asian counters which is trading on mixed note today.
The document provides analysis of the Indian stock market (Nifty) and discusses some factors that influenced recent trading sessions such as monsoon rainfall levels and currency fluctuations. It notes that the market opened higher but turned negative and traded in a range-bound manner. However, sentiment improved on reports that the government is preparing for GST implementation. The document provides the closing levels of Nifty and other indices and identifies the top gainers and losers in the Nifty. It also includes technical analysis indicating support and resistance levels and identifies some stocks as potential long or short opportunities based on changes in open interest and price.
The document provides a daily market summary and outlook for the Nifty index and Bank Nifty index in India. It notes that the Nifty may see a mildly positive opening, but ended the previous week with a small loss. It analyzes technical indicators and moving averages for both indexes and provides support and resistance levels. The summary also includes derivative data, top gainers/losers, and a large technical analysis table providing buy/sell recommendations across stocks.
#ChoiceBroking #EquityBazaar - Today, We may gap up positive opening in Nifty around 7985 level on back of SGX Nifty and other Asian counters which is trading on positive note today.
The document provides an analysis of the Indian stock market on June 6th, 2016. It notes that the Nifty index opened mildly positive but ended flat, closing up just 2 points. Bank Nifty closed higher by 0.64%. The document discusses various factors impacting the markets such as the monsoon forecast, GST proposals, and services sector growth data. It also provides technical analysis and recommendations for specific stocks, as well as details on derivatives markets activity and sector outlook.
NIFTY FIFTY : - The Equity benchmark Nifty 50 open in a Positive note on Monday up by 100 points or 1.17 per cent at 8533. Last week Indian benchmark Index Nifty fell 2.10
Percent. The Index opened at 8639 and closed at 8458 after making a low of 8425.
The document provides a daily market summary and outlook for the Nifty 50 and Bank Nifty indices in India. It notes that the Nifty 50 ended lower due to caution ahead of the US Federal Reserve meeting. It expects the Nifty may see further declines to around 8,080 points in the near term. It also expects the Bank Nifty to decline to around 18,100 points given its technical indicators are pointing to negative momentum. The summary provides support and resistance levels for both indices as well as reviews individual stock recommendations.
The market has opened flat on Monday with negative bias on a very crucial week. The Nifty is up 2.85 points at 7213.60. The Nifty was traded up 35 points , After the global rating agency
Moody’s pegged India’s growth at 7.5% for next two years. Asian share markets edged cautiously higher on Monday as investors awaited a rush of February industry surveys to take the pulse of the global economy, while sterling suffered on concerns the UK might yet vote to leave the European Union.
: 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 : 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
choicebroking #Equitybazaar: Today, We may witness flattish to mild negative opening in Nifty around 7700 level on back of SGX Nifty and other Asian counters which is trading on mild negative note today.
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
#ChoiceBroking #EquityBazaar : Today, We may witness gap down opening in Nifty around 8120 level on back of SGX Nifty and other Asian counters which is trading on mixed note today.
The document provides an analysis of the Indian stock market index Nifty. It notes that Nifty opened higher due to positive sentiment in Asian markets. It then moved sideways for most of the day. The document discusses key support and resistance levels for Nifty and the Bank Nifty index. It also provides details on stock futures, options data, and top gainers and losers for the day. In conclusion, it recommends both long and short positions for various stocks based on technical indicators.
NIFTY FIFTY : - The Indian Benchmark Index Nifty closed in green after consecutive 4 days of negative close In last week. The Index moved up by 74 points and closed at 9852. Nifty opened at 9803 and made a low
of 9787. Metals & Minnig remained the top performing sector. Indian Benchmark Index Nifty gave a lackluster
The Necessity of Climate Control in Pharmaceutical LabsSamantha Ellsworth
Climate control is necessary for pharmaceutical labs to ensure dosage uniformity and drug bioavailability. It prevents the demixing of drug components and improves powder flow characteristics and tablet formation. Different manufacturing steps require precise temperature and humidity control according to Good Manufacturing Practices. Climate control solutions such as dehumidification systems and precision heating and cooling help maintain ideal conditions for pharmaceutical production and storage.
[Colonia Penitenciaria de Tarrafal: El Campo de la muerte lenta]CORREDORESDEIDEAS
La Unión Europea ha propuesto un nuevo paquete de sanciones contra Rusia que incluye un embargo al petróleo. El embargo prohibiría la importación de petróleo ruso a la UE y también impediría el acceso de buques rusos a puertos europeos. Sin embargo, Hungría se opone firmemente al embargo al petróleo, argumentando que su economía depende en gran medida de las importaciones de energía rusa.
The document provides a weekly summary of news related to the Indian stock market. Key points include:
- Foreign direct investment into India increased 23% in the first two months of the current fiscal year compared to the same period last year.
- Direct overseas investments by Indian firms plunged 46% in June 2017 compared to June 2016.
- The IMF expects Indian economic growth to pick up in 2017 and 2018, in line with its April 2017 forecast.
- According to Niti Aayog, India's GDP growth was at the lower end of planning commission projections during the first two years of the 12th Five-Year Plan based on the old GDP calculation methodology.
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 document provides an analysis of the Indian stock market. It notes that the Nifty index opened lower due to declines in Asian markets but recovered later in the day. Banking stocks rose on expectations that demonetization will boost deposits and transactions. Metal stocks increased after comments from Donald Trump about infrastructure spending. The top gainers in the Nifty were TATASTEEL, BANKBARODA, and HINDALCO. Technical analysis indicates the Nifty may face resistance at 8600 and support at 8430 going forward. Bank Nifty is showing outperformance and technical signals suggest it could rise to 20500 if it sustains above 20200.
NIFTY FIFTY : - Indian shares hit new record highs in last week trading sessions, on hopes of good southwest monsoon rain, robust monthly sales figures from automakers and positive global cues
NIFTY FIFTY : - Last Week, The Nifty index opened at 9588 and closed at 9666 after making high of 9700. Top performing sectors for last week was FMCG-Food, Metals & Mining and Infra- Construction Engineering and Material
and Realty. Last Day, The Indian Benchmark Index Nifty made record high of 9782 and closed at 9771. Infra Power,
#ChoiceBroking #EquityBazaar - Today, We may witness flat opening in Nifty around 8666 level on back of SGX Nifty and other Asian counters which is trading on mixed note today.
The document provides analysis of the Indian stock market (Nifty) and discusses some factors that influenced recent trading sessions such as monsoon rainfall levels and currency fluctuations. It notes that the market opened higher but turned negative and traded in a range-bound manner. However, sentiment improved on reports that the government is preparing for GST implementation. The document provides the closing levels of Nifty and other indices and identifies the top gainers and losers in the Nifty. It also includes technical analysis indicating support and resistance levels and identifies some stocks as potential long or short opportunities based on changes in open interest and price.
The document provides a daily market summary and outlook for the Nifty index and Bank Nifty index in India. It notes that the Nifty may see a mildly positive opening, but ended the previous week with a small loss. It analyzes technical indicators and moving averages for both indexes and provides support and resistance levels. The summary also includes derivative data, top gainers/losers, and a large technical analysis table providing buy/sell recommendations across stocks.
#ChoiceBroking #EquityBazaar - Today, We may gap up positive opening in Nifty around 7985 level on back of SGX Nifty and other Asian counters which is trading on positive note today.
The document provides an analysis of the Indian stock market on June 6th, 2016. It notes that the Nifty index opened mildly positive but ended flat, closing up just 2 points. Bank Nifty closed higher by 0.64%. The document discusses various factors impacting the markets such as the monsoon forecast, GST proposals, and services sector growth data. It also provides technical analysis and recommendations for specific stocks, as well as details on derivatives markets activity and sector outlook.
NIFTY FIFTY : - The Equity benchmark Nifty 50 open in a Positive note on Monday up by 100 points or 1.17 per cent at 8533. Last week Indian benchmark Index Nifty fell 2.10
Percent. The Index opened at 8639 and closed at 8458 after making a low of 8425.
The document provides a daily market summary and outlook for the Nifty 50 and Bank Nifty indices in India. It notes that the Nifty 50 ended lower due to caution ahead of the US Federal Reserve meeting. It expects the Nifty may see further declines to around 8,080 points in the near term. It also expects the Bank Nifty to decline to around 18,100 points given its technical indicators are pointing to negative momentum. The summary provides support and resistance levels for both indices as well as reviews individual stock recommendations.
The market has opened flat on Monday with negative bias on a very crucial week. The Nifty is up 2.85 points at 7213.60. The Nifty was traded up 35 points , After the global rating agency
Moody’s pegged India’s growth at 7.5% for next two years. Asian share markets edged cautiously higher on Monday as investors awaited a rush of February industry surveys to take the pulse of the global economy, while sterling suffered on concerns the UK might yet vote to leave the European Union.
: 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 : 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
choicebroking #Equitybazaar: Today, We may witness flattish to mild negative opening in Nifty around 7700 level on back of SGX Nifty and other Asian counters which is trading on mild negative note today.
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
#ChoiceBroking #EquityBazaar : Today, We may witness gap down opening in Nifty around 8120 level on back of SGX Nifty and other Asian counters which is trading on mixed note today.
The document provides an analysis of the Indian stock market index Nifty. It notes that Nifty opened higher due to positive sentiment in Asian markets. It then moved sideways for most of the day. The document discusses key support and resistance levels for Nifty and the Bank Nifty index. It also provides details on stock futures, options data, and top gainers and losers for the day. In conclusion, it recommends both long and short positions for various stocks based on technical indicators.
NIFTY FIFTY : - The Indian Benchmark Index Nifty closed in green after consecutive 4 days of negative close In last week. The Index moved up by 74 points and closed at 9852. Nifty opened at 9803 and made a low
of 9787. Metals & Minnig remained the top performing sector. Indian Benchmark Index Nifty gave a lackluster
The Necessity of Climate Control in Pharmaceutical LabsSamantha Ellsworth
Climate control is necessary for pharmaceutical labs to ensure dosage uniformity and drug bioavailability. It prevents the demixing of drug components and improves powder flow characteristics and tablet formation. Different manufacturing steps require precise temperature and humidity control according to Good Manufacturing Practices. Climate control solutions such as dehumidification systems and precision heating and cooling help maintain ideal conditions for pharmaceutical production and storage.
[Colonia Penitenciaria de Tarrafal: El Campo de la muerte lenta]CORREDORESDEIDEAS
La Unión Europea ha propuesto un nuevo paquete de sanciones contra Rusia que incluye un embargo al petróleo. El embargo prohibiría la importación de petróleo ruso a la UE y también impediría el acceso de buques rusos a puertos europeos. Sin embargo, Hungría se opone firmemente al embargo al petróleo, argumentando que su economía depende en gran medida de las importaciones de energía rusa.
La insuficiencia cardiaca aguda representa la primera causa de hospitalización en personas mayores y tiene una alta morbilidad y mortalidad a pesar de los avances terapéuticos. Varios factores como enfermedades cardiovasculares y no cardiovasculares, así como factores relacionados con el paciente y factores iatrogénicos, pueden precipitar un episodio de insuficiencia cardiaca aguda que requiere hospitalización. La prevención primaria se enfoca en prevenir factores de riesgo cardiovascular y enfermedades cardíacas, mientras
1. La impresión 3D es una de las grandes tendencias tecnológicas que permite crear objetos de forma aditiva añadiendo capas de material hasta formar la pieza final. 2. Las tecnologías más comunes utilizan plástico fundido o fotopolímeros solidificados con láser. 3. La impresión con FDM usa plástico fundido mientras que la estereolitografía usa láser para solidificar resinas en capas sumergidas.
El documento describe la epidemiología de la insuficiencia cardíaca en España. Aproximadamente el 1% de la población mayor de 40 años presenta insuficiencia cardíaca, y la prevalencia se duplica con cada década de edad hasta alcanzar aproximadamente el 10% en personas mayores de 70 años. Cada año se producen unos 80.000 ingresos hospitalarios por insuficiencia cardíaca en España. La insuficiencia cardíaca es una enfermedad progresiva con una supervivencia de alrededor del 50% a los 5 años del diagnó
The document is an assignment submitted by a student for a Plant Diversity course. It contains 3 questions about algae morphology, anatomy, and life cycles. In response to the first question, the student describes the four major morphological forms of algae as unicellular, filamentous, colonial, or thallose. The student also discusses the diversity of photosynthetic pigments and other distinguishing characteristics among the five major algal divisions.
O documento apresenta a construção da marca "Diamantina Seguros" em 3 frases:
(1) Detalha a logomarca completa com o nome e design estilizado da letra D;
(2) Apresenta as cores, versões e tipografias utilizadas na marca;
(3) Demonstra exemplos de aplicação da marca em diferentes materiais como cartão de visitas.
Las personas que crean obras intelectuales tienen derechos de autor sobre sus creaciones. Sin embargo, muchos quieren compartir sus obras sin renunciar a esos derechos. Las licencias Creative Commons permiten esto al dar a otros permisos específicos sobre el uso y distribución de una obra, como atribución, no comercial o compartir bajo la misma licencia. Existen seis tipos de licencias CC que varían en las libertades que otorgan.
The document discusses the degradation of ceramics, which occurs through interaction with the environment. There are physical forms of degradation, like impact and frost damage, and chemical forms, such as degradation caused by water and soluble salts. The document provides tips to prevent degradation, like proper display, storage, and handling of ceramic objects. Environmental control is important to prevent physical and chemical breakdown of ceramics over time.
Este documento presenta un análisis semiótico de un anuncio publicitario de 3 minutos del producto Pantene para el cabello protagonizado por Selena Gómez para el mercado mexicano. Inicia con una introducción sobre la publicidad y los anuncios, luego describe la marca Pantene, su mercado objetivo, estrategia y el anuncio analizado, realizando una descripción, análisis del contenido y conclusión.
Manula de investigacion criminal_IAFJSRMauri Rojas
Instituto Academia de Formación Jurídica Simón Rodríguez
“Enseñanza Jurídica que transforma vidas”.
Somos una institución de Educación de Adultos, que germina legalmente el 17 de Julio del Año 2014, siendo registrada en el Ministerio del Poder Popular Para las Relaciones Interiores y Justicia, Servicio Autónomo de Registros y Notarias y ante los órganos educativos del Estado Venezolano, entre los que destacan el INCES y el Ministerio del Poder Popular para la Educación, dedicada a la formación de los futuros profesionales en el derecho en su fase incipiente, preparándolo para entender, comprender y desarrollar exitosamente su futura profesión y mejorar las habilidades y destrezas de profesionales que ya estén en su ejercicio profesional.
Estamos ubicados en la Ciudad de Maracay Estado Aragua – Venezuela
www.iafjsr.com.ve
Africa 4 Tech 2016 : E-Health Workshop Restitution // EchOpenStephan - Elo Gras
Phaino.ca/Echophen is a website that provides open source hardware designs for scientific equipment. It aims to make scientific tools more accessible and affordable by sharing 3D printing designs and electronic schematics. The site hosts various projects including microscopes, spectrometers, and water quality sensors that can be built using readily available materials and a 3D printer or some basic electronics skills.
Palestra - Marketing Digital e as REdes SociaisKelli Lima
O documento apresenta uma palestra sobre marketing digital e redes sociais. A palestrante discute como as redes sociais se integraram às estratégias de marketing e como elas são velozes, democráticas e segmentadas, potencializando os negócios. Ela também aborda como os brasileiros estão cada vez mais conectados e como isso impacta o consumo online.
La Unión Europea ha acordado un paquete de sanciones contra Rusia por su invasión de Ucrania. Las sanciones incluyen restricciones a las transacciones con bancos rusos clave y la prohibición de la venta de aviones y equipos a Rusia. Los líderes de la UE esperan que las sanciones aumenten la presión económica sobre Rusia y la disuadan de continuar su agresión contra Ucrania.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document provides technical analysis and levels for Nifty 50 and Bank Nifty futures contracts. It notes that Nifty opened higher on Monday and was supported by banks and cement stocks. Bank Nifty made a new high but faced resistance and closed lower. The document provides resistance and support levels for both indices over different time periods and analyzes pattern formations. It also lists top gainers and losers among NSE stocks and provides weekly news related to the Indian economy and banking sector.
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 : - Last week market remain highly volatile, the benchmark Index Nifty opened at 9756 and made low of 9752. The Nifty Index rallied 200 points to make a high of 9948, however could not able to
sustain the momentum and closed at 9837. This week market remained highly volatile, the benchmark Index
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.
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 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
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.
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 : - 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.
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 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.
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.
NIFTY FIFTY : - Last Week Nifty Index made an all time high of 9913 and closed at 9886. Infra Power and Banks were among the top sectors for the week. The Indian market rebounded from the day
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 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 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 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 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 : - 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
Similar to Equity Research Report 21 November 2016 Ways2Capital (20)
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 21 November 2016 Ways2Capital
1.
2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Indian Benchmark Index, Nifty fell 2.12% for the week ended 11
Nov 2016. Volatility was the order of the week with the panic gap down low of 8076
being made on Wednesday on 9th Nov. Morning as it suffered from the double whammy
when Indian Prime Minister Modi banned Rs. 500/- and Rs. 1000/- currency note to curb
corruption and black money in India which affected sentiments. On that day US President
candidate Mr. Donald Trump won the elections which shocked global financial markets.
The Nifty open in a negative trend down by 12 points or 0.14 per cent at 8284. The
benchmark Index Nifty fell by 163 points from its high of 8287 on Tuesday Trading
Session. The benchmark index is experiencing a "see saw" between the bulls and the
bears as evident from Nifty oscillating between the range of 8100 to 8600, two times in
last 5 trading sessions. This is the result of Dollar outflows from the country because of
the increased probability of a December Rate hike by US FED. The chances of December
rate hike has increased as confirmed by the upside breakout in the 3 month US treasury
yield. Similar phenomena occurred during FED's last rate hike in Nov-Dec 2015 where
Nifty fell by 500 points. September IIP data is lower than the market estimates. The
uncertainty around immediate outcomes of the demonetization introduced by the PM has
contributed in such a highly volatile markets. Nifty saw relentless selling by FIIs in last 5
trading sessions where shares worth Rs. 8632 Crore have been sold in the cash segment.
After a gap up opening , market fell and could not sustain above 8200 levels. This caused
panic and markets fell further by 50 points in the last hour of trading Session. Nifty major
support of 8076 if breached can put pressure and markets can go to the psychological
level of 7920 mad
BANK NIFTY : - The Banking Stocks Index Bank Nifty open in a Negative note on
Tuesday trading Session down by 70 points or 0.36 per cent at 19808. Banking stocks
continue to outperform their peers globally which makes 19500 a major support for Bank
Nifty and an important resistance at 20300. Broader markets were weak with Bank Nifty
selling off almost 1200 points from its recent high of 20300. With about Rs. 4 lakh crore
coming into the banking system within a week after demonetisation, Moody's Investors
Service today cautioned that banks' deposit base will witness a "sharp decline" as and
when the current restriction on cash withdrawals eases. In a major assault on black
money, counterfeit notes and terror financing. The Bank Nifty Chart showing the
Cautiousness ahead. If Bank Nifty breaks above the level of 19900 the Bank Nifty can
rally 400-600 points in near term. The support for Bank Nifty is at 19211-19166-19080-
18950-18825 and the resistance to the up move is at 19435-19490-19660-19800 levels.
Monday, 21 November 2016
4. PATTERN FORMATION ( NIFTY )
Detail of Chart - On the above given daily Chart of Nifty has Applied Bollinger Band
along with Parabolic SAR both the indicators are Leading Indicators, and gives signal of
Buying or Selling. Although the Uses of Bollinger Band differ from traders to traders
Some buy when it break the Middle Band from below side and some buy when it break
Upper Band. We assume that the Breaking the Middle Band Usually a down side is bear
Signal as we can see on the above given chart it has break the middle Band. and it was
not able to sustain the Significance Support level of 8150. and give Gap Down opening
below its Lower Band. From this ;level we may see some Panic zone in Nifty for the
Upcoming week. Nifty may witness the furthre downfall towards 7920 level. The
Significance Levels for Nifty is 8150-8180 is up side and 8050-7980 is down side.
5. PATTERN FORMATION ( BANK NIFTY )
Detail of Chart - On the Above given daily Chart of Bank Nifty has Applied the
Bollinger Band along with Parabolic SAR. Both are the leading Indicators and give
Signal on Breakout of Upper or Lower Band. On the Above given chart of Bank Nifty it
has touch the Upper band but not able to break the Resistance level of 19980. From this
level we are Expecting the Bank Nifty may go Up side further to the level of 20260 for
Next week. The Significance levels for Bank Nifty is 19920-20542 Up side and 19300-
18900 is Down Side.
8. NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Demonetization to have temporary impact on MFIs, borrowers' - The Center's
decision to demonetize Rs. 500 and Rs. 1,000 currency notes may impact micro-finance
institutions and their borrowers on short term, with the latter likely to face high overdoes.
The Narendra Modi-led government on November 8 had announced demonetizing notes
of Rs. 500 and Rs. 1,000 in a clampdown on black money and counterfeit notes. "(Post
demonetization) we expect MFI borrowers to face cash flow mismatch, thereby
prioritizing their expenses. As a result, MFIs could witness high over-dues, indicating
lack of diversification in MFIs' borrower profiles," India Ratings and Research associate
director Jindal Haria told reporters. The rating agency today released a report on micro-
finance sector. He expects MFI borrowers to face cash flow mismatch, thereby
reprioritising their expenses which will result into over-dues for MFIs. The report said
demonetization suggests higher core capital requirements for MFIs to withstand systemic
stress. "Most MFIs have liquidity in the form of steady-state unencumbered cash and
unavailed bank lines to meet debt obligations for 30-60 days in the event of business
disruption," the report said.
FM Jaitley rules out demonetization rollback, says no plans for Rs 1,000 note at the
moment - The government tightened over-the-counter currency exchange rules for
invalid Rs. 500 and Rs. 1,000 notes, cutting the amount by more than half to ensure that
more people get cash. It also provided relief to the farm sector and households with
weddings. Finance Minister Arun Jaitley ruled out a rollback of demonetization, as
demanded by some political parties, saying the government will "stick to it". The minister
rejected calls for a joint parliamentary committee review of the decision. He also said the
Rs. 1,000 note will not be reintroduced for now. The one-time exchange facility limit has
been lowered to Rs. 2,000 from Rs. 4,500, effective Friday. The weekly cap of Rs. 24,000
on withdrawals from bank accounts remains. Farmers and mandi traders can get up to Rs.
50,000 in cash a week and families celebrating weddings can seek Rs. 2.5 lakh from their
bank accounts. This is the second revision of the exchange limit, which was set at Rs.
4,000 initially and increased to Rs. 4,500 on November 14 to facilitate the issue of new
Rs. 500 notes. "We find that many people are not able to reach the counter and the same
persons are visiting the counter multiple times and other people are not getting the
benefits," Economic Affairs Secretary Shaktikanta Das told reporters, while also
clarifying that this did not indicate a shortage of funds.
9. RBI could use proceeds to retire part of govt debt - Economists say the Reserve Bank
of India could help the government settle a part of its debt bilaterally from the mop-up
from demonetization, without going to the market entirely. Since Rs. 2-3 lakh crore of
unaccounted money would not find its way back into the system, there would be a
permanent reduction in currency notes issued by the RBI. This could lead to a decline the
value of its liabilities. In absence of concomitant reduction in value of RBI assets, it
would result in a revaluation gain for RBI mainly through 'Rupee securities' held on its
books. "This could be used by government to retire a part of its debt held on the books of
RBI," said Shubhada Rao, chief economist, Yes Bank. "We estimate on the basis of a Rs
2 lakh crore worth of decline in liabilities, the interest expenses of the government would
alone come down by Rs 16,000-17,000 crore." This is one of the options for the RBI
besides transferring the gains to its profit and loss account and re-transfers it to the
government as dividend. The legalities, however, remain uncertain in order to adjust its
balance sheet for lower liabilities.
Exports up 9.59 per cent at $ 23.5 billion in October; trade deficit at $ 10 billion -
India’s merchandise exports sharply rose in October with 18 of the 30 export sectors
registering a growth in outward shipments. Showing a 9.6% rise, exports in the month
were $ 23.5 billion compared with $ 21.4 billion in the year ago period while imports rose
8.1% to $ 33.7 billion from $ 31.1 billion in the year ago period leaving a trade deficit of
$ 10.1 billion. “Overall the trade balance has improved,” said the commerce and industry
ministry in a release. Gold imports more than doubled to $ 3.5 billion from $ 1.7 billion
in the year ago period. As for services trade, data released by RBI showed exports worth
$ 13.7 billion and imports of $ 8.3 billion in September. India’s bullish exports have
come at a time when Chinese exports fell for the seventh consecutive month in October
due to weak demand.
Advance GDP estimates will be released on Jan 7 - The Central Statistics Office will
release the first advance estimates of economic growth for the current financial year on
January 7 to help the government prepare the Budget, which has been brought forward by
about a month to February 1. The advance gross domestic product numbers are needed to
arrive at estimates of the fiscal deficit and revenue for the next year, assuming a
reasonable growth rate. Previously, the data was released around February 7, almost three
weeks before the Budget. "It has been decided to release first advance estimates of GDP
on January 7 or previous working day if January 7 is a holiday, two months and 24 days
before the end of a financial year," the statistics office said. The office will now squeeze
in the second advance estimates for the current financial year along with the third-quarter
data on February 28 or on the last working day of February. Last month, chief statistician
10. TCA Anant told ET that the since the inventory of data collection is currently done for a
release to be made on February 7, a separate inventory will have to be made for an earlier
release. Moreover, to get a more accurate estimate of growth, the CSO will use of figures
from the Annual Survey of Industries instead of data from the Index of Industrial
Production for the manufacturing sector.
CPI inflation may fall below 4 per cent in Nov-Dec period: Citigroup - CPI inflation
could fall below 4 per cent in November-December period before climbing back to 4.5
per cent in March and accordingly there will be some space for further monetary policy
easing, says a Citigroup report. According to the global financial services major, there is
close to 50 bps downside to RBI's March 2017 CPI target of 5 per cent and consequently
some space for further easing. Monetary policy committee, which has three members
nominated by the government and the rest from the RBI, lowered repo rate to 6.25 per
cent from 6.50 per cent at the end of two-day deliberations on October 4. The next
meeting of the MPC is scheduled on December 6 and 7. "We maintain our rate cut view
in December policy for now, but we also acknowledge that the December policy could be
a close call," Citigroup said in a research note.
Overall inflation eases in Oct but rate cut unlikely - Consumer and wholesale inflation
eased in October on the back of cooling food prices but economists do not expect a rate
cut by the Reserve Bank of India at its policy meeting next month. India's headline
inflation rate based on the Consumer Price Index eased to 14 month low of 4.2% in
October compared with 4.39% in September and 5% a year ago, according to official data
released on Tuesday. The country's wholesale inflation softened to 3.39% in October
from 3.57% in September, data showed. Economists, however, ruled out the possibility of
the RBI cutting interest rates in December because demonetization will flush banks with
funds, which will automatically push lending rates down. RBI had cut interest rate by 25
basis points in October. One basis point is one hundredth of a percentage point. "CPI is
higher than our expectations," said Madan Sabnavis, chief economist at CARE Ratings.
"Going ahead, retail inflation will be higher because of the demonetization drive and farm
output may get stalled in some regions due to payment issues. Vegetable prices that
declined recently are already going up. The RBI may not cut interest rate in December
because banks are already flushed with funds and would reduce lending rate," he said.
Industrial output rises 0.7 per cent year-on-year in September - India’s industrial
growth rose 0.7% in September, after falling for two consecutive months. Woollen
carpets, ship building and ready to eat food made industrial output inch up slightly in the
month. Data released by the statistics office on Friday showed a 0.9% increase in
11. manufacturing production in September and a 3.1% fall in mining output. Manufacturing
as a sector has the highest weight in the Index of Industrial Production. The pace of
electricity generation improved 2.4%. In the first six months of 2016-17, mining output
was flat while manufacturing has contracted 0.8%. August IIP reading was revised to a
0.99% decline compared with the 0.7% decline reported earlier. Capital goods output
nosedived 21.6% in September. It has been falling for the last few months. The improved
pace of industrial activity was evident in 12 out of the 22 industry groups in the
manufacturing sector in September. Consumer goods production rose 6% in September
with the output of consumer non-durables — an indicator of rural demand – rising a mere
0.1% and that of consumer durables, a gauge of urban demand, rising 14%.
✍ TOP ECONOMY NEWS
A mega package for the powerloom sector is in the works, focused on upgrading units.
The package will include social welfare schemes, insurance cover and cluster
development of power looms. This would be the second in a series of incentives for the
textile sector, after a Rs 6,500 crore package announced for garments in June.
Corporate India’s merger and acquisition activity witnessed significant surge in October
with transactions worth $4.5 billion, taking the total deal tally to $ 32.55 billion in the
first 10 months of the year, according to Grant Thornton.
The Insurance Regulatory & Development Authority of India is open to insurers
surpassing the 15% limit on equity holdings in a company under some conditions.
Gross non-performing assets in the domestic steel sector, which accounts for 2% of
India's GDP , are around Rs 1.15 trillion.
Wholesale Price Index-based inflation eased to 3.39% in October from 3.57% in
September as food items became cheaper.
Aided by lower food articles inflation, the Consumer price index -based inflation for
October 2016 came in at 4.20%. (
Merchandise exports grew 9.6% year-on-year to USD 23.50 billion in October, while
imports expanded 8.11% year-on-year to USD 33.67 billion.
12. Petrol price was cut by Rs. 1.46/l and diesel by Rs. 1.53/l, reversing the rising trend of
the past few weeks. (BS)
Reserve Bank Deputy Governor NS Vishwanathan said the deadline for banks to clean
up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at
pragmatic approach in dealing with non performing assets.
Private equity and venture capital investments declined 27% to USD1.19bn in October
due to decline in big ticket transactions.
With large amounts of cash currently being deposited in bank accounts by customers, the
RBI is witnessing a deluge of funds through its reverse repo window as banks are parking
their excess liquidity with the central bank.
India and the US have resolved more than 100 tax dispute cases involving Rs. 5000 crore
under the bilateral Mutual Agreement Procedure.
A scheme to construct 100 lakh houses in next three years has been approved by the
government with the objective of 'Housing for All by 2022'.
The Reserve Bank of India allowed foreign portfolio investors to invest in any kind of
debt instrument, provided the residual maturity of the paper is three years and the
proceeds are not used in real estate.
✍ TOP CORPORATE NEWS -
Canada's Niko Resources wants to exit its 10% stake in the KG-D6 gas block off the east
coast which it was developing in partnership with Reliance Industries at a time when the
government has made a claim of about $ 1.55 billion against the contractors.
The Future Group, India's largest retailer, is partnering British wholesaler Booker Group
to open cash and carry stores. The equal joint venture between Future Consumer and
UK’s largest wholesaler, plans to open 60-70 stores in three years to sell merchandise to
local kirana stores, hotels and catering firms.
Reliance Defence and Engineering Limited is planning to manufacture Kalashnikov
13. class of weapons for Indian armed forces in a joint venture with an Israeli arms maker,
Kalashnikov Israel Company,
Healthcare group Apollo Hospitals has plans to invest Rs. 14 billion over the next couple
of years for expansion, and the company is all set to come up with the modern Proton
therapy at its Chennai facility for the treatment of cancer patients in near future.
Goldstone Infratech Limited has announced its move to assemble electric buses in
partnership with BYD Company Limited, based in China.
LafargeHolcim has increased its stake in Ambuja Cement Limited and ACC by 1.49%
and 4.19%, respectively.
The State Bank of India has cleaned up Non-Performing Assets worth Rs. 70.16 billion
from its books by writing off loans given to 63 wilful defaulters. Of the 63 accounts, 31
have been partially written off and six shown as NPAs.
Axis Bank Limited has cut marginal cost of fund-based lending rate by 0.15-0.20%.
Reliance Communications Limited, through its wholly owned subsidiary Reliance
Globalcom Services has acquired a newly incorporated firm named “Onyx NewCo LLC.
Blackstone Group and Canadian investor Brookfield have joined the race to acquire as
much as 40% in Bharti Infratel Limited, intensifying the contest to own a slice of
India’s second-largest telecom tower company.
Wipro Limited has begun offering solutions to customers from entrepreneurial projects
of its employees in segments such as corporate treasury and software defined
infrastructure.
Crompton Greaves Consumer Electricals Limited has assigned an advertising budget
of Rs. 1 billion towards building its brand and has appointed BBDO as its advertising
agency.
Apollo Tyres Limited is planning to set up a new factory in Andhra Pradesh to
manufacture tyres for two-wheelers and pickup trucks.
Religare Enterprises Limited said its subsidiary will write off a total of Rs. 7.94 billion
on account of non-receipt of dues.
14. BHEL has expanded its footprint in the international market by securing export orders
for supply of industrial motors to the African nations of Togo and Benin.
Coal India Limited sold 7 MT of coal, or 35% of the quantity on offer in an e-auction, at
a floor price that was 20% higher than listed prices for non-power users. Traders as well
as power producers with or without supply commitments from Coal India were allowed
to bid in the auction.
Welspun India Limited has initiated steps to closely monitor and control its Egyptian
cotton business, which had come under a cloud early this year over quality issues.
Hindustan Petroleum Corporation Limited will take 25% equity stake in the proposed
60 MT refinery on the west coast that the state oil companies plan to build.
Jet Airways Limited has expanded its existing code share pact with Kenya Airways
which will allow the African carrier to fly more passengers into India
Reliance Industries Limited and its partners, BP and Niko Resources, have initiated an
arbitration process against the Centre's notice imposing a penalty of USD 1.55 billion on
these companies for allegedly using migrated gas from Oil and Natural Gas Corporation's
asset in KG-D6.
L&T Infotech has been awarded a five-year contract by Hartford Steam Boiler.
Wheels India Limited has signed a technology transfer agreement with Fluitecnik of
Spain for hydraulic components used in wind turbines.
Welspun India Limited has made a one-time provision of Rs. 4.89 billion to meet
expenses and losses arising from export of home textile made of fake Egyptian cotton.
IL&FS Transportation Networks Limited said its joint venture with IL&FS
Engineering & Construction Co has bagged two road projects in Madhya Pradesh worth
Rs. 375 crore.
Lupin Limited said its US arm Gavis has received approval from the US health regulator
to market hydrocodone bitartrate and acetaminophen tablets, a pain relieving drug, in the
American market.
15. A month after suspending operations at its Bicholim iron ore mine in Goa due to labour
unrest, Vedanta Limited has 'revoked the suspension order' with immediate effect.
Federal Bank Limited has partnered with Oxigen for cash management services through
the bank’s e – collection facility.
No power producer has got in touch with Coal India Limited for supply of imported coal
for plants in the current fiscal.
CPL Biologicals Pvt Ltd, a joint-venture biotechnology company of Cadila
Pharmaceuticals Limited, India and Novavax Inc, USA, has indigenously developed
'Cadiflu-S' becoming the first Indian company to develop a vaccine to treat seasonal
influenza.
IL&FS Financial Services became the first Indian company to raise money through a
masala loan, a rupee-denominated loan from overseas investors, by securing the
equivalent of USD50mn from Export Development Canada (EDC). (BS)
Reliance Industries (RIL) has entered into a global partnership agreement with GE to
enter in the Industrial Internet of Things (IIOT) space by building joint applications on
the latter's Predix platform. (BS)
Tata Motors has become the first company in India to introduce liquefied natural gas-
fuelled bus in Kochi recently. (BL)
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
Post withdrawal of Rs. 500 and Rs. 1,000 notes, banks have disbursed nearly Rs. 30,000
crore cash in bills of lower denominations and the newly-introduced Rs. 2,000 currency
over the past three days, the apex body for lenders said today. The government on
November 8 demonetised Rs. 500 and Rs. 1,000 notes in a step to curb black money.
Following the move, banks were closed on November 9 to stock lower value notes and
exchange the defunct ones. "In the last three days of working, nearly Rs 30,000 crore cash
has been disbursed in currency notes of lower denominations and newly introduced Rs
2,000 notes. The ATMs are being recalibrated to handle new Rs 500 and Rs. 2,000 notes,"
Indian Banks' Association said in a statement.
16. State Bank of India today said that the central board today approved issuance of 13.63
crore shares to minority shareholders of its three listed subsidiaries and Government of
India, that wholly owns Bharatiya Mahila Bank, as part of consolidation exercises. The
board has "approved issuance of maximum 13,63,65,146 equity shares, of face value of
Rs. 1 each, to the shareholders of State Bank of Bikaner & Jaipur, State Bank of Mysore,
State Bank of Travancore and the Government of India for its shareholding in BMB as
on the record date at the agreed swap ratio...," SBI said in a filing to the BSE.
Largest lender State Bank of India has said it has collected around Rs. 38,677 crore in
deposits, while its branches exchanged Rs. 1,666 crore since yesterday after the
government scrapped Rs. 500 and Rs. 1,000 notes on Tuesday. On Thursday, cash
deposits were Rs. 21,150 crore while exchanges were Rs. 723 crore. Till 6 pm today, cash
deposited was Rs. 17,527 crore and exchanges stood at Rs. 943 crore," SBI Chairperson
Arundhati Bhattacharya told reporters here.
Ujjivan Small Finance Bank today said it has received final license from Reserve Bank
for small finance bank and is likely to commence banking operation in early 2017.
Ujjivan Small Finance Bank is expected to commence banking operations in the first
quarter of 2017 after receiving necessary approvals, registrations and licensing from
various departments of RBI and other integrated agencies," Ujjivan said in a statement
here today.
The government’s move to pull out Rs. 500 and Rs. 1,000 notes from circulation could
result in a windfall gain for the Reserve Bank of India as it will reduce the central bank’s
liabilities to the extent that the old notes do not come back into the system.
The money flooding into banks as people rush to deposit Rs. 500 and Rs 1,000 notes has
resulted in such a massive bonanza that it’s pulling rates down, bankers said. Thus the
longstanding complaint of the Reserve Bank of India that banks weren’t passing on rate
reductions may be addressed soon. Banks ran out of currency in the Capital and
elsewhere, although some cities reported that queues had shortened. In Parliament, the
opposition parties attacked the government over the withdrawal of Rs 500 and Rs 1,000
notes, saying it was insensitive, caused hardship to people and had unleashed “economic
anarchy”.
Yes Bank Limited has partnered with Crownit, amerchant discovery and privileges
platform, to launch digitised meal vouchers. The app based digital meal wallet can be
17. linked with a Meal Debit MasterCard which enables employees to avail unlimited food,
beverage & grocery redemption options, both online and offline.
Private lender Axis Bank Limited has cut marginal cost of fund-based lending rate by
0.15-0.20 per cent effective Friday. "Axis Bank reviews and reduces the MCLR by 15
basis points or 0.15 per cent across all tenures up to 1 year and by 20 bps for 2-year and
3-year tenure," it said in a regulatory filing. For overnight tenure, the new MCLR will be
8.65 per cent. One-month tenure will attract a rate of 8.70 per cent while those for three
and six months will be 8.90 and 9 per cent, respectively.
With about Rs. 4 lakh crore coming into the banking system within a week after
demonetization, Moody's Investors Service today cautioned that banks' deposit base will
witness a "sharp decline" as and when the current restriction on cash withdrawals eases.
In a major assault on black money, counterfeit notes and terror financing, Prime Minister
Narendra Modi had on November 8 announced demonetisation of Rs 500 and Rs 1,000
notes and asked holders of such bills to deposit them in banks. Moody's said the trend of
significant inflows will continue for the next 3-4 weeks. "But, as cash availability
increases and the current restrictions on cash withdrawals are lifted, sharp declines in the
deposit base will occur in the near future," Moody's said.
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