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 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 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 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
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.
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 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.
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 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 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
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.
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 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.
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
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
The document provides a technical analysis and trend outlook for the Nifty 50 and Bank Nifty futures indexes. It notes that the Nifty opened lower on Monday following losses on Wall Street and Asian markets. Key support levels are identified at 7720-7650 and resistance at 7920. For Bank Nifty, strong support is at 16683-16327 and resistance at 17039-17395. The analysis predicts that if Nifty sustains above 7900 and Bank Nifty above 16900, the indexes could reach 7970-8050 and 17000-17300 respectively next week. Overall the trends are said to be bullish for both indexes.
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
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.
The market is still firm as the Nifty is away from 7600. The 50-share index is opened on
Monday up 24.45 points or 0.3 percent at 7588. on the back of Indian manufacturing sector growth rose to a four-month high in January. Oil prices dropped early after China posted surprisingly weak economic data. Overseas investors pulled out more than Rs 11,000 crore from the Indian stock markets in January - on
global growth worries and decline in oil prices.
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.
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
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.
The market has kick-started in positive trend on Monday Nifty was up 46 points or 0.67 percent at 7468.75 The mixed trend seen In Europe and Asian markets. The Gain in the Indexes Followed on Europe Market and US Market that surge approx 1 per cent on last Friday after European Central Bank said to easing monetary policy in current fiscal,crude oil prices also rebounding.
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.
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.
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 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.
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 : 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
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
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.
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
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
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
The document provides a technical analysis and trend outlook for the Nifty 50 and Bank Nifty futures indexes. It notes that the Nifty opened lower on Monday following losses on Wall Street and Asian markets. Key support levels are identified at 7720-7650 and resistance at 7920. For Bank Nifty, strong support is at 16683-16327 and resistance at 17039-17395. The analysis predicts that if Nifty sustains above 7900 and Bank Nifty above 16900, the indexes could reach 7970-8050 and 17000-17300 respectively next week. Overall the trends are said to be bullish for both indexes.
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
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.
The market is still firm as the Nifty is away from 7600. The 50-share index is opened on
Monday up 24.45 points or 0.3 percent at 7588. on the back of Indian manufacturing sector growth rose to a four-month high in January. Oil prices dropped early after China posted surprisingly weak economic data. Overseas investors pulled out more than Rs 11,000 crore from the Indian stock markets in January - on
global growth worries and decline in oil prices.
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.
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
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.
The market has kick-started in positive trend on Monday Nifty was up 46 points or 0.67 percent at 7468.75 The mixed trend seen In Europe and Asian markets. The Gain in the Indexes Followed on Europe Market and US Market that surge approx 1 per cent on last Friday after European Central Bank said to easing monetary policy in current fiscal,crude oil prices also rebounding.
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.
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.
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 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.
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 : 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
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
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.
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
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.
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.
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.
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
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
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.
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 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 : - 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
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.
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.
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.
CNX NIFTY - The markets opened higher in trade on Monday, tracking positive trend seen in Asian markets after upbeat US jobs report on Friday suggested US Federal Reserve may go for interest rate hikes in nearly a decade in
its December policy meet.The Nifty50-share index was quoting 7,818.40, up 36.50 points. On Tuesday The market has
The Market has kick-started First Trading week of 2016 on lower note. The Nifty
slipped 171.90 points or 2.16 percent at 7791.30. The Nifty50 came under pressure to break below its crucial support level of 7,800. After weak Chinese manufacturing PMI readings sparked selling across Asian currencies. Chinese yuan dropped to a fresh five-year low against the US dollar in morning trade
after China said manufacturing PMI contracted.
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 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.
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
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 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
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.
On Monday the Nifty50 came under pressure and slipped below 7500 to hit its fresh 52-week low of 7495.65, weighed down by losses in realty, power, oil & gas, metal, consumer durable, and
banking stocks. The CNX Nifty has break its key support level of 7,500.
Similar to Equity research report Ways2Capital 09 may 2016 (10)
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.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
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Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
This assessment plan proposal is to outline a structured approach to evaluati...
Equity research report Ways2Capital 09 may 2016
1.
2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The Market has opened lower on Monday on the back of weak global
cues. The Nifty was down 51 points at 7798. Asia markets took sell in may sentiments to
heart, The Bank of Japan’s surprise decision to not to infuse further stimulus in the
economy. Oil prices dipped on sign that production in the middle east is continuing to rise,
Sentiments globally took a beating as manufacturing data in major world economies
brought back fresh concerns over global economic growth. On the domestic front Quarter
fourth results of companies surprised more companies are reporting better number than
expectation. Widening stress in banking sector sluggish economic indicators is indicating
difficult time ahead. “ A sustainable move below for Nifty 7700 level could possibly
accelerate the ongoing downward momentum and the correction could then extend till
7,600-7,516 levels. If the Nifty Sustain the 7700 level we may witness some positive
movement in the market in upcoming week. The strong Support for Nifty is 7700-7640
and Resistance 7780-7850.
BANK NIFTY : - The Bank Nifty has opened Negative on Monday down by 181 points
at 16614. The Several Public Sector Banks including State Bank of India are yet to raise
funds totalling over Rs. 22,000 crore from markets, for which they were granted
permission by the government the Finance Minister Arun Jaitealy said on Friday. The
Reserve Bank of India governor in a reply submitted to the Public Accounts Committee ,
which had sought the reasons for the "ballooning" of the stressed assets in the banking
system, listed six reasons. Scheduled commercial banks credit grew by 9.7 per cent in the
quarter ended December helped by higher growth in advances of private sector banks RBI
said. from the global front the strong US economic data suggest that June fed rate hike
may possible. The Strong support for Nifty is 16300-16100 and Resistance is 16500-
16750.
Monday, 09 May 2016
4. PATTERN FORMATION ( NIFTY )
Detail of Chart -
On the Above given chart of Nifty has applied the Parabolic SAR along with Channel
Line these are the trend identifying pattern and made the Resistance level in the Nifty
daily chart that made on the above given chart we have draw the Trend line for more than
the week period and it is not able to break the up level. However in upcoming trading
session it could come back the level which is the strong Support for the Nifty50 around
7800. Now we are expecting that if the Nifty is able to sustain the 7750 level we may
witness the consolidation trend of Nifty for some more sessions on the other hand if Nifty
rebound the 7800-7850 level again we may see the positive rally in the index. The Strong
Support for Nifty50 is 7750-7800 and the Resistance is 7850-7900.
5. PATTERN FORMATION ( BANK NIFTY )
Details of Chart-
On the Above given chart of Bank Nifty has applied the Channel line along with MACD
these are the trend identifying pattern and made the Resistance level in the Bank Nifty
daily chart that made on the above given chart we have draw the Channel line for more
than the week period and it is not able to break the up level. However in upcoming
trading session it could break the upper level which is the strong Resistance for the
Nifty50 around 16700. Now we are expecting that if the Bank Nifty is able to sustain the
16700 level we may witness the consolidation trend of Bank Nifty for some more
sessions on the other hand if Bank Nifty rebound the 16700-16900 level again we may
see the positive rally in the index. The Strong Support for Bank Nifty is 16500-16350 and
the Resistance is 16900-17200.
7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
NEXT WEEK STARS( AS PER ECHNICAL ANALYSIS PRIDICTION )
FUTURES PACK
NSE CASH : BUY HITACHIHOM NSE CASH ABOVE 1400 TGT 1530 SL 1355.
NSE CASH : BUY J&K BANK NSE CASH ABOVE 66 TGT 73 SL 64.
NSE CASH : BUY EMAMILTD NSE CASH ABOVE 1115 TGT 1226 SL 1080.
NSE CASH : BUY VGUARD NSE CASH ABOVE 1305 TGT 1440 SL 1260.
NSE CASH : BUY UTTAMSUGAR NSE CASH ABOVE 57.50 TGT 63 SL 55.50.
CASH PACK
NSE FUTURE : SELL JUSTDIAL FUTURE BELOW 760 TGT 700 SL 775.
NSE FUTURE : SELL HEXAWARE FUTURE BELOW 212 TGT 190 SL 220.
NSE FUTURE : SELL VEDL FUTURE BELOW 102.50 TGT 95 SL 104.
NSE FUTURE : BUY RELIANCE CAPITAL FUTURE ABOVE 488 TGT 540 SL 480.
NSE FUTURE : BUY TITAN FUTURE ABOVE 369 TGT 400 SL 360.
SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE
1 IDEA 126.50 114.75 -9.29
2 HCL TECH 799.90 725.80 -9.26 H
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3 DR REDDY LAB 3083.35 2847.80 -7.65
4 ICICI BANK 240.10 222.25 -7.43 1. I
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5 BANK BARODA 160.55 152.70 -4.89
6 TATA STEEL 347.60 333.75 -3.98 T
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7 HINDALCO 96.90 93.50 -3.51
8 WIPRO 553.10 536.85 -2.94 W
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9 SBI 192.05 186.50 -2.89
10 BHARTIARTL 372.70 363.40 -2.50 B
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11 TATA MOTOR 411.35 401.10 -2.49
12 RELIACNE 996.70 975.90 -2.09 R
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13 INFY 1209.15 1184.60 -2.03
14 HINDUNILVR 876.25 859.20 -1.95 H
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15 TATA CONSULTEN 2529.75 2482.60 -1.79
SR.NO SCRIPT NAME PREV
CLOSE
CMP % CHANGE
1
HDFC 1085.55 1191.60 +9.77
2 GAIL 363.20 388.+60 +6.99 G
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TATA PWOER 69.25 73.75 +6.50
4 AURBINDO PHAR 764.35 810.60 +6.05 6. A
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NTPC 137.15 143.85 +4.89
6 ASIAN PAINTS 873.10 910.20 +4.25 A
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MARUTI SUZUKI 3747.95 3871.55 +3.30
8 HDFC BANK 1113.95 1144 +2.70 H
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ZEEL 405 414.85 2.43
10 BHEL 125 127.80 +2.24 B
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CIPLA 528.25 539.50 +2.13
12 KOTAK BANK 701.45 713.70 +1.75 K
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INDUSIND BANK 1035 1052.55 +1.70
14 LUPIN 1576.30 1602.50 +1.66 L
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15
L & T 1259.55 1278.20 +1.48
AM
BUJ
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204 232 +13.67
%
AMBUJA CEMENT
1. B
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18128 20371 +12.37
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2. B
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ACC 1240 1385 +11.68
%
ACC
8. NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
India can save $50 billion if logistics costs are brought down to 9% of GDP - India
can save up to $50 billion if logistics costs are brought down from 14 per cent to nine per
cent of country’s gross domestic product thereby making domestic goods more
competitive in global markets, an ASSOCHAM-Resurgent India joint study said
today.“With expected inflow of new investments owing to government’s thrust on
promoting domestic manufacturing sector, India’s cargo and logistics industry is likely to
clock a compounded annual growth rate of about 16 per cent during the course of next
few years,” noted the study conducted by ASSOCHAM jointly with knowledge firm
Resurgent India. “The ‘Make in India,’ campaign will see investments connect India to
global production networks that would generate new business for logistics in the country
thereby making it an attractive location to do business as compared to other regions in the
world.
India's manufacturing activity slows to four-month low in April - PMI data indicated
that Indian manufacturers raised output at a slower pace in April as new business inflows
were broadly unchanged during the month. The upturn in new export orders was
sustained, although growth was at a six-month low. There were divergences with regards
to stock levels, with holdings of finished goods continuing to fall while pre-production
inventories rose again. On the price front, input costs increased at the fastest rate in 11
months, whereas charge inflation eased since March. Reflecting softer contributions from
four of its five sub-components, the seasonally adjusted Nikkei India PMI– a composite
single-figure indicator of manufacturing performance – fell from 52.4 in March to 50.5 in
April. The latest figure pointed to the weakest improvement in business conditions in the
current four-month sequence of above-50.0 readings.
Government expecting Rs 25 lakh crore investment for infra development: Nitin
Gadkari - The Government expects investments worth Rs. 25 lakh crore in roads,
railway and shipping infrastructure over the next three years, including setting up of 27
industrial clusters at ports at ~INR 8 lakh crore, Road Transport & Highways Minister
Nitin Gadkari said on Friday at an event in New Delhi. According to him, the Centre
plans to spend an additional Rs. 5 lakh crore on road, railway and ports connectivity
projects, apart from Rs. 8 lakh crore on 27 industrial clusters and smart cities at ports. He
also announced that the total award of highways projects will rise to INR 2 lakh crore by
9. May this year as compared to Rs. 1.6 lakh crore at present. Gadkari added that the figure
would rise to INR 5 lakh crore by May 2017.
Caixin China General Manufacturing PMI at 49.4 in April - Operating conditions
across China’s manufacturing sector continued to deteriorate in April, albeit marginally.
Output was little-changed from the previous month, as total new orders stagnated and
new export work fell for the fifth month in a row. Relatively weak market conditions and
muted client demand contributed to a further solid decline in staff numbers. Companies
also displayed cautious inventory policies in April, with stocks of finished goods and
inputs both falling at faster rates. Prices data indicated that inflationary pressures
intensified across the sector in April, with input costs rising at the quickest pace since
January 2013, which in turn underpinned the quickest rise in output charges since
October 2011.
Services trade may play bigger role in GDP numbers -The government plans to enrich
and sharpen its data calculation by including detailed statistics on trade in services to
determine a more comprehensive economic growth figure for the country. The commerce
ministry has asked the statistics ministry to collect country-wise and product-wise data on
trade in services to compute an all-encompassing gross domestic product estimate.This
will give a better picture of India's exports and create a complete database of the goods
.and services trade. The statistics ministry plans to start collecting this data from July.
Raghuram Rajan's advisers worry over 2.1% decline in remittances to $68.9 billion
- External advisers of Reserve Bank of India governor Raghuram Rajan are worried about
the monetary policy implications of slowing remittances by overseas Indians for the first
time since 2009 even though India does not rely significantly on such funds to meet
foreign exchange requirements. Remittances to India, the world's largest remittance
recipient, decreased 2.1% last year to $68.9 billion, a World Bank release had said earlier
this week. "This marks the first decline in remittances since 2009 it said.
Good monsoon holds key faster growth - Arun Jaitley - Finance Minister Arun Jaitley
on Thursday said India can grow at an even faster pace this year if predictions of good
monsoon hold up. Jaitley was speaking in Lok Sabha, which approved the Finance Bill
2016. good monsoon will improve agriculture and raise rural income," he said, adding
that the economy which had been expanding on back of public investment, highest
foreign direct investment and urban demand, could grow faster if rural demand is added.
The economy is projected to grow by 7.5% in this fiscal and the latest forecasts,
predicting an above-average rainfall after two years of drought, bore well.
10. I-T refunds worth Rs. 1.22 Lakh crore issued in FY’16 : Government - The Income
Tax department has issued 2.10 crore refunds totalling over Rs 1.22 lakh crore in 2015-
16, which saw 94 per cent the returns being filed online "During FY 2015-16, more than
2.10 crore refunds amounting to Rs 1,22,425 crore were paid compared to Rs 1,12,188
crore in the Financial Year 2014-15 and Rs 89,664 crore in the Financial Year 2013-14,"
a finance ministry said.
Government may offer bluechip PSU shares to FIIs, Domestic buyers - Faced with
lukewarm retail investor response, the government is mulling stake sale in selected
bluechip PSUs, including Oil India and ONGC, by offering shares only to institutional
investors.A top government official said that the Ministry of Finance is considering
opting for the Institutional Placement Programme route for diluting stake in bluechip
PSUs. Experience shows that timing of the market both in case of OFS and FPO has been
difficult. We are now considering to offer PSU shares to a clutch of FIIs and domestic
institutions to bid them out," the official told.
✍ TOP ECONOMY NEWS
ICRA expects India's current account deficit to widen modestly to USD 25 billion in
FY2017, from an estimated USD 20 billion in FY2016, but be comfortably covered by
capital inflows. A favourable monsoon after a gap of two years would have a mixed
impact on trade in various sectors, boosting agricultural exports and limiting imports of
crude oil and coal while enhancing the demand for gold.
The Union finance ministry agreed to hike interest rate on provident fund deposits to
8.8% from the 8.7% decided by it earlier. The Central Board of Trustees had decided
8.8% interest rate, however, the finance ministry approved only 8.7% interest on PF
deposits citing lower earnings.
Asian Development Bank has forecast growth rate at 7.4% in 2016-17 as against 7.6%
during 2015-16. The details and reasons cited by ADB for lower growth rate during 2016-
17 are as under: Public investment will continue to be an important driver of growth, as
the Government is expected to use savings from oil to further boost Government
investment. However, the finances available to ramp up investment in 2016-17 will be
smaller than in 2015-16, given the government’s commitment to fiscal consolidation and
increased outgo on account of a higher public sector wage bill.
11. After spending about Rs 3.5 lakh crore –almost equal to India’s subsidy and pensions
budget for 2015-16–over 10 years on the world’s largest rural jobs programme, it has
provided less than half the guaranteed 100 days of employment to 50 million poor
households. This is revealed in analysis of Mahatma Gandhi National Rural Employment
Guarantee data. Although the most money ever was spent during 2015-16, it was the
worst year ever in terms of assets created , a 23% decline from 2014-15.
Sebi is relooking at the rules to open the door wider for foreign portfolio investors. In
line with the government's credo of improving ease of doing business, investors from
some countries may get so-called most favoured nation status, simplifying the registration
process.
The Rajya Sabha passed the Mines and Minerals Amendment Bill. Earlier, Lok Sabha
passed this Mines and Minerals Development and Regulation Amendment Bill.
Growth in the eight core sectors jumped to a 16 month high of 6.4% in March due to
sharp pick-up in fertiliser and cement production and a commensurate rise in electricity
generation.
The Centre has approved seven foreign direct investment proposals worth Rs5.18bn
which includes ones from Helix Investment Holding, Alchymers ICM, Prime Living and
Gulf Quarry.
The government has granted infrastructure status to the shipyard industry, a move that
will help the sectoral players get long-term financing at cheaper rates.
The Supreme Court on Monday rejected the petition of the Telecom Regulatory
Authority of India seeking to transfer Interconnect Usage Charges.
India’s new GDP series seems to exaggerate the economy’s true growth rate. However,
this overestimation is likely to narrow over the next few quarters. We find that the
practice of ‘single deflation instead of ‘double deflation during a period of falling
commodity prices and sticky output inflation, artificially exaggerated growth prints. We
estimate that real manufacturing growth may have been overestimated by 450 bps in
12. FY16 as the divergence between output and input prices soared. We also believe that this
divergence has peaked and will normalise over the next six quarters.
The Lok Sabha passed the finance bill, retaining the excise duty on jewellers despite
opposition from some political parties.
Growth in India's services firms fell to a four-month low of 53.7 in April from 54.3 in
March on the back of new business growing slower than the previous months.
As many as 64 central public sector enterprises witnessed capital erosion to the tune of
Rs. 740 billion during 2014-15, according to a financial audit report by the Comptroller
and Auditor General of India on CPSEs.
India saved Rs. 70 billion of annual subsidy outgo on cooking gas last financial year
thanks to the implementation of the Direct Benefit Transfer in LPG scheme.
As many as 2,508 cities in 26 states have been selected under the 'Pradhan Mantri Awas
Yojana' for providing affordable houses to the urban poor.
The Mines Ministry has identified over 100 blocks for reconnaissance stage exploration
of minerals such as gold, diamond, bauxite, iron ore and limestone.
The Reserve Bank of India today released on its website, “Draft Guidelines for ‘on tap
Licensing of Universal Banks in the Private Sector”
Lok Sabha on Thursday passed Bankruptcy Bill. MoS Finance reportedly said that
Bankruptcy Law will bring in transparency and help the ease of doing business.
✍ TOP CORPORATE NEWS -
NTPC Ltd's bond issue was oversubscribed 2.8 times in just 10 minutes after hitting the
market, raising a total of Rs. 10 billion which would be used for capital expenditure.
Reliance Power said its 4,000MW Sasan Power project achieved 100% plant load factor
in April this year.
Apollo Hospitals has signed a memorandum of understanding with William Osler Health
13. System (Osler) to collaborate on research and treatement services related to a range of
diseases including Diabetes, Cardiovascular Diseases and Cancer.
Alembic Pharma has received final approval from the US health regulator for
Lacosamide tablets, used for treatment of partial-onset seizures, in the American market.
Suzlon Group has commissioned 900 MW wind energy projects during the financial
year 2015-16, of which 520 MW was commissioned in Q4 FY16.
State Bank of India, HDFC to launch nationwide sale of Sahara properties.
Bajaj Auto Ltd. has started the fiscal on a positive note with domestic motorcycle sales
crossing the 0.2 million mark for the first time in three years.
Vedanta Group firm, THL Zinc Ltd, has sought a rollover of a controversial USD1.25
billion loan, taken from Cairn India in July 2014. The loan, which was extended for two
years at floating rate of 3% plus LIBOR, was to be repaid by July 2016.
Paytm has joined hands with Wipro Ltd. to create the requisite technology infrastructure
for its upcoming payments bank business.
Expressing concerns over the large amount of dues that need to be recovered by all coal
PSUs, including Coal India Ltd. Rs110.32 billion, a Parliamentary Panel has asked the
government as well as the state-owned firms in the sector to take steps for the recovery.
PTC India has bagged the largest number of power supply orders at competitive rates to
Uttarakhand and Kerala state utilities at a recently concluded short term power
procurement auction.
Marksans Pharma has received approval from the US health regulator for its Metformin
Hydrochloride tablets, used for treatment of diabetes, in the American market.
Indraprastha Gas Limited has set up a record 72 CNG filling stations in first four
months of 2016, to meet the rising demand for the fuel.
Jindal Steel & Power Ltd will sell certain steel and mining assets and will expand its
power business
portfolio into renewable energy and transmission and distribution , CEO Ravi Uppal has
14. said.
Motilal Oswal Financial Services' chairman Motilal Oswal said the company plans to
infuse Rs 2 billion in Aspire Home Finance Corp in the current financial year on
expectation of strong growth in the housing finance business.
Google and Idea Cellular have formally rolled out carrier billing facility for the telco's
over 180mn subscribers in the country, allowing them to pay for their purchases on Play
Store, which is the world's largest app store.
Twenty months after threatening to pull out of India's largest metro rail project coming up
in Hyderabad, citing unfavourable business environment, Larsen and Toubro publicly
admitted concerns over the project's viability, insisting on deep-rooted negotiations
among stakeholders.
Reliance Jio, the telecom arm of Reliance Industries, has extended the trial launch of its
4G services to the public through an invite system, driven by its group employees.
Following Supreme Court's interim order, asking tobacco companies to comply with the
Union health ministry's directive to print tobacco packs with 85% health warnings, ITC
Limited has shut its factories.
Raymond Ltd is reducing its capital expenditure from INR 300 crore in FY16 to INR
250 crore in the current fiscal year, reports a business daily.
NMDC Ltd has partnered with Indian Space Research Organisation to make use of
satellite-based geological mapping capability for mineral exploration.
National Aluminium Co Ltd has agreed to buy back 25% of its shares from the
government.
✍ TOP BANKING AND FINANCIAL NEWS OF THE WEEK
The government is expected to clean up IDBI Bank's pool of nonperforming assets by
transferring them to a fund before offering up to 10% equity to strategic investors as part
of the plan to reduce its stake below 50%.
Fast-growing Yes Bank Ltd. and the old private sector Federal Bank have been the first
15. ones off the block to hit Gujarat International Finance Tech-City and are hoping to make
the most of easy regulations, low operational costs and the opportunity to raise dollar-
denominated funds.
ICICI Bank Managing Director Chanda Kochhar and other senior executives decided to
forgo their bonuses for the past fiscal year, as the nation's second-largest lender by assets
reported disastrous fourth-quarter earnings on Friday.
ICICI Bank Ltd. is auctioning a prime property of tyre manufacturer Dunlop India
spread over an acre on the upscale Annie Besant Road in Mumbai to recover loans to
Ruia Group companies, two people with knowledge of the development said.
Kotak Mahindra Bank today announced opening of its IFSC Banking Unit at the
Gujarat International Finance Tec-City to meet the requirements of offshore banking
operations from India.
Banks credit registered a growth of 9.7 per cent in December 2015 as compared to
December 2014 largely due to higher credit growth of private sector banks," the Reserve
Bank said in a release here today.
Public sector Canara Bank today said it has revised the lending rates based on the
marginal cost of funds for May to 8.80-9.35 per cent.
Private sector lender YES Bank Limited on Thursday said it has been granted an in-
principle approval by the Securities and Exchange Board of India for acting as Custodian
of Securities. The bank has 12 months to establish the business.
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