- The Sensex fell 208 points and Nifty slipped to 6675 due to higher-than-expected retail inflation data, which snapped the three-month easing streak and raised stagflation concerns.
- Most sectors declined, with real estate dropping the most at 3.87%, while FMCG gained 0.63%. Key stocks like Infosys and TCS fell sharply dragging down the indices.
- Rupee also lost value against the dollar amid weak domestic equities, while global markets rose on better-than-expected Chinese economic growth data.
Benchmarks settle flat after volatile trades
Taking support from the optimistic trades in global markets, Indian indices started the day by spurting at open. However, the benchmarks took a U-turn to slip in negative terrain in absence of any domestic catalyst. After hovering around previous close for an extended period, markets settled just above the sea level with Nifty taking the lead.
On BSE sectorial front, IT index topped the gainers whereas Metal index was the top loser.
Benchmarks settle flat after volatile trades
Taking support from the optimistic trades in global markets, Indian indices started the day by spurting at open. However, the benchmarks took a U-turn to slip in negative terrain in absence of any domestic catalyst. After hovering around previous close for an extended period, markets settled just above the sea level with Nifty taking the lead.
On BSE sectorial front, IT index topped the gainers whereas Metal index was the top loser.
After yesterday’s jubilation, Indian indices made marginally higher start and marked another record highs at 22853.03 and 6831.75, taking support from firm global cues. However, cautiousness with regards to general elections dragged benchmarks later. Choppy markets pared early gains and settled flat. On BSE sectorial front, Metal index lost shine whereas Capital Goods continued to edge higher.
After yesterday’s jubilation, Indian indices made marginally higher start and marked another record highs at 22853.03 and 6831.75, taking support from firm global cues. However, cautiousness with regards to general elections dragged benchmarks later. Choppy markets pared early gains and settled flat. On BSE sectorial front, Metal index lost shine whereas Capital Goods continued to edge higher.
Sensex tanks 1.3% on F&O expiry day; Nifty @7236
On the F&O expiry day, Indian indices tumbled at open on profit booking by investors. Disappointing corporate earnings coupled with reports of FII selling in past session slaughtered D-Street. Both barometer gauges crashed 1.3% at the close with most of the BSE sectorials dipping in red. IT index topped the laggards by plummeting 3.45%.
Following a marginally negative start amid sluggish global cues, Indian Indices were slaughtered on Rupee crashing to a new record low. The carnage on D-street culminated with Sensex shedding over 450 points to breach 19K mark and Nifty plunging below 5600. Both front line gauges were trading at deep discounts to their respective 200 DMAs at close. Among BSE sectorials, Consumer Durables was the top laggard followed by Realty.
On the July F&O expiry day, Indian markets made a weak start backed by negative global cues. Benchmarks crawled around the previous close for most of the day. However, in noon trades, markets slipped into negative terrain and settled at the intra-day low levels. Sensex lost 192 points to end below 26K milestone and Nifty slumped 0.9% to close at 7721. On BSE sectorial front, Power topped the laggards.
Global markets went berserk on Fed’s decision of deferring the scaling back of $85 billion stimulus program. Following an over the moon start, Indian indices stretched the euphoric ride with Sensex skyrocketing over 700 points breaching 32 month highs and Nifty breaching 6100 bastion. Sentiments got additional boost on Rupee appreciating to 61.56/USD. Heated Sensex finally settled near 20650. Among BSE sectorials, Rate sensitives witnessed huge buying with Bankex soaring 6.8% followed by Realty spiking 5.3%.
Indian equity indices ended the first day of May expiry in negative dragged by rate sensitive indices. Result heavy session saw results of who’s who of India Inc. Notably, Maruti Suzuki has delighted investors by announcing impressive Q4 numbers on strong sales of new models Ertiga, DZire and Swift. Nifty closed the day at 5871 losing 0.76%.
Similar to Finalaya daily market wrap 16 April 2014 (17)
Tracing the firm global cues, bulls kick started the day northwards on D-Street. Sentiment remained upbeat as World Bank stated that Indian economy has come back on growth track and is likely to grow by 5.6% in FY15. Benchmarks climbed 0.45% to end day near intraday highs ahead of a crucial 2-day Fed meet about the wrapping up of the bond buying program and interest rate direction.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Finalaya daily market wrap 16 April 2014
1. Sensex sinks 208 points as CPI haults easing streak
Market Snapshot | 16-04-2014 04:22 PM
Following a flat opening despite sanguine global cues, markets continued to crawl till afternoon and plunged in red
subsequently on higher retail inflation data. Sensex dived 208 points and Nifty slipped to 6675 at the close. Among
BSE sectorials, Realty topped the laggards.
On global front, US markets edged higher amidst volatile trades for second straight day. Additionally, Asian and
European markets too edged up on China reporting economic growth above street’s expectation.
Back home, on currency front, Rupee lost traction against Dollar amidst pessimistic trades in local equities. In futures
trades, INR hit an intra-day high of 60.30/USD and an intra-day low of 60.53/USD. In spot trades, INR hit an intra-day
high of 60.19/USD and an intra-day low of 60.35/USD. As per RBI reference rate, INR stood at 60.22/USD.
On macro-economic front, raising the stagflation concerns, retail inflation snapped the 3-month easing streak.
Following the disappointing IIP and WPI numbers, Consumer Price Index (CPI) too hurt the D-Street by accelerating to
8.31% from 25 months low level of 8.10% (provisional) in February. However, February Inflation was revised
downwards to 8.03% as against 8.10% earlier. Offering a little solace core inflation, which was hovering around 8% for
past few months has eased marginally to 7.8% in March as compared to 7.9% in February.
On stock specific front, Future Retail rallied 9.6% in the otherwise negative market on reports of company’s plan to
acquire southern supermarket chain Nilgiris.
Crompton Greaves soared to hit its highest level since July 2011 of Rs 188 on reports that the Japanese Hitachi may
buy the promoter's stake in the company.
DCB Bank stock slumped 5.55% on BSE despite getting nod from Board of Directors to raise an amount of Rs 300
crore through issue of shares under QIP. The bank has a rise of 14.57% in Q4FY14 Net at Rs 39.08 crore as
compared to Rs 34.11 crore for the same quarter in the previous year. For FY14, the bank posted a jump of 48.3% in
Net profit at Rs 151.36 crore as compared to Rs 102.06 crore for FY13.
Reserve Bank of India (RBI) has raised the upper limit for Foreign Institutional Investors (FIIs) to purchase stake in
Jubilant FoodWorks from primary market to 55% of the paid-up capital from earlier 49%. The stock ended 2.46% down
on BSE.
United Spirits ended marginally in green on BSE despite the weakness in market as London based Diageo Plc is
bidding again for the company and offered to pay $1.9 billion for an additional 26% stake. The open offer is expected
to open on June 11 this year and close on June 24.
Indusind Bank ended in green zone after its Q4 Net jumped 28.83% at Rs 396.05 crore as compared to Rs 307.4 crore
for corresponding quarter of the previous fiscal. The bank’s net profit for FY14 rose by 32.70% at Rs 1408.20 crore as
compared to Rs 1061.18 crore for FY13.
T he market breadth on the BSE closed in negative. Advancing and declining stocks were 1142 and 1700
respectively, while 146 scrips remained unmoved.
The S&P BSE Sensex ended at 22277.23, down 207.70 points or 0.92%. The 30 share index touched a high and a
low of 22533.61 and 22247.39 respectively. 8 stocks advanced against 22 declining ones on the benchmark index.
The CNX Nifty lost 57.80 points or 0.86% to settle at 6675.30. The index touched high and low of 6748.65 and
6665.15 respectively. 15 stocks advanced against 35 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 7232.76 and lost 1.08% while S&P BSE Small-cap index hammered
down by 1.11% to 7418.22.
The broader S&P BSE 500 index decreased to 8309.41 (down 0.91%) and CNX 500 index declined to 5230.35 (down
0.91%).
The volatility as denoted by INDIA VIX lost 2.26% at 31.16 from its previous close of 31.88 on Tuesday.
2. Sectors in action
On the BSE Sectorial front, FMCG (up 0.63%) and Metals (up 0.19%) were the top gainers.
Real Estate (down 3.87%), Information Technology (down 2.49%) and Capital Goods (down 2.47%) were the top
losers.
The Angels and the Devils
ITC Ltd (up 1.44%), Tata Steel Ltd (up 1.31%), Hindalco Industries Ltd (up 0.86%), Maruti Suzuki India Ltd (up 0.61%)
and ICICI Bank (up 0.35%) were the top gainers on the Sensex.
Tata Power Company Ltd (down 3.61%), Infosys Ltd (down 3.19%), Bharat Heavy Electricals Ltd (down 3.17%), Wipro
Ltd (down 2.90%) and Larsen And Toubro Ltd (down 2.87%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Ltd (-58.40 points), Tata Consultancy Services Ltd (-38.21 points), Larsen And Toubro Ltd (-35.74 points), ITC
Ltd (31.37 points) and Housing Development Finance Corporation Ltd (-29.24 points) were the major Sensex drivers
today.
On the other end Infosys Ltd (-15.01 points), Tata Consultancy Services Ltd (-9.95 points), Larsen And Toubro Ltd (-
9.50 points), ITC Ltd (8.52 points) and Housing Development Finance Corporation Ltd (-7.69 points) were the major
Nifty movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 6696 for next session. The next support is at 6644 and on upside it has a resistance at
6728 levels.
CNX NiftyCNX Nifty
Eff. DateEff. Date S 3S 3 S 2S 2 S 1S 1 PIVOTPIVOT R 1R 1 R 2R 2 R 3R 3 Actual CloseActual Close
17-Apr-2014 6561 6613 6644 6696 6728 6780 6811 -
16-Apr-2014 6590 6651 6692 6753 6794 6854 6895 6675.30
15-Apr-2014 6704 6723 6750 6770 6796 6816 6842 6733.10
S&P BSE Sensex has a pivot at 22353 with first level of support and resistance at 22172 and 22458 respectively.
S&P BSE SensexS&P BSE Sensex
Eff. DateEff. Date S 3S 3 S 2S 2 S 1S 1 PIVOTPIVOT R 1R 1 R 2R 2 R 3R 3 Actual CloseActual Close
17-Apr-2014 21886 22067 22172 22353 22458 22639 22744 -
16-Apr-2014 22034 22225 22355 22546 22676 22867 22997 22277.23
15-Apr-2014 22392 22459 22544 22612 22696 22764 22849 22484.93
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