The Nifty closed at a record high above 7900 points for the first time, boosted by positive global cues and an optimistic report from the RBI forecasting 5.5% GDP growth. Key sectors like IT and banks gained, while sugar stocks increased after an import duty hike. Foreign direct investment for the first quarter also rose 34% compared to the previous year.
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.
It was a choppy day of session as Sensex finally ended flat following a double top formation at around 20250 levels. Indian indices started gap up despite sluggish global cues as encouraging Q1 numbers from major companies boosted investor sentiments. Sentiments later turned negative on Moody’s warning on sovereign credit rating which saw markets correcting to end flat. Moody’s warned that the rupee fall can add to inflationary and fiscal woes and thereby may put pressure on the sovereign rating. Sensex closed in green whereas Nifty ended in red. Among BSE sectorials, IT sector topped the charts on buoyant TCS Q1 show.
Despite the positive global trades, Indian benchmarks started on a cautious note and dived in early trades on the back of disappointing IIP and CPI data released late on Friday. Subsequently indices pared early losses and edged higher after the announcement of lower than expected rise in WPI inflation data. Sensex surpassed 20K milestone for the first time after May 30, 2013 and Nifty ended at 6030.
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.
It was a choppy day of session as Sensex finally ended flat following a double top formation at around 20250 levels. Indian indices started gap up despite sluggish global cues as encouraging Q1 numbers from major companies boosted investor sentiments. Sentiments later turned negative on Moody’s warning on sovereign credit rating which saw markets correcting to end flat. Moody’s warned that the rupee fall can add to inflationary and fiscal woes and thereby may put pressure on the sovereign rating. Sensex closed in green whereas Nifty ended in red. Among BSE sectorials, IT sector topped the charts on buoyant TCS Q1 show.
Despite the positive global trades, Indian benchmarks started on a cautious note and dived in early trades on the back of disappointing IIP and CPI data released late on Friday. Subsequently indices pared early losses and edged higher after the announcement of lower than expected rise in WPI inflation data. Sensex surpassed 20K milestone for the first time after May 30, 2013 and Nifty ended at 6030.
Day gone by: Sensex hits double ton on RBI rate cut hopes...Nifty ends shy of 6K; manufacturing PMI at 16 month low. April Auto sales no negative. Bharti Airtel Q4 consolidated net dips 49%. Kotak Bank Q4 Net rises 47%
Following a firm start, Indian indices plunged in morning deals on Services PMI hitting lowest level of four years. Despite pessimistic global cues, choppy benchmarks soon recovered in fine fettle to finally settle marginally in green. On sectorial front, Realty was the top gainer whereas Capital Goods was the top laggard.
Following a firm start on relaxed FDI norms in the retail sector and supportive global cues, Indian markets soon pared the gains dragged by Realty and Power stocks. Continuing the southward momentum, both frontline gauges tanked at close for eighth day in a row with Nifty losing 50 points.
Day gone by: Sensex hits double ton on RBI rate cut hopes...Nifty ends shy of 6K; manufacturing PMI at 16 month low. April Auto sales no negative. Bharti Airtel Q4 consolidated net dips 49%. Kotak Bank Q4 Net rises 47%
Following a firm start, Indian indices plunged in morning deals on Services PMI hitting lowest level of four years. Despite pessimistic global cues, choppy benchmarks soon recovered in fine fettle to finally settle marginally in green. On sectorial front, Realty was the top gainer whereas Capital Goods was the top laggard.
Following a firm start on relaxed FDI norms in the retail sector and supportive global cues, Indian markets soon pared the gains dragged by Realty and Power stocks. Continuing the southward momentum, both frontline gauges tanked at close for eighth day in a row with Nifty losing 50 points.
Despite pessimistic global cues, Indian indices spurted at open on reform bonanza. Government has opened the foreign direct investment (FDI) gates further in over a dozen sectors paving way to boost the ill economy. Benchmarks once tanked in late afternoon amid fall in European peers but soon recovered to end in positive zone.
Tracing the eased situations in Ukraine and better monsoon picture, Indian indices flied with joy at start with Nifty at 7620. Bulls retained their hold on D-Street on the back of buying in realty and infrastructure stocks after SEBI nodded for setting up of Real Estate Investment Trusts (REITs). Both barometer gauges climbed about 0.75% to end near intraday high levels with Sensex at 25519 and Nifty at 7626. On BSE sectorial front, BSE Auto topped the charts.
Amidst mixed global cues, Indian indices started on a cautious note. Benchmarks traded volatile in tight range but to the delight of investors buoyed up in late afternoon session. Both frontline gauges as well as broader indices spiked more than a percent at close. On sectorial front rate sensitives topped the charts.
Sluggish global cues dragged Indian indices lower at start. Choppy markets continued the southward journey till afternoon. Subsequently benchmarks erased losses in noon trades to end flat. On sectorial front, Bankex was the top laggard whereas Healthcare index hits record high.
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.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
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.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Finalaya Daily Market Wrap 22 August 2014
1. Nifty tops 7900 at close to mark fresh record high
Market Snapshot | 22-08-2014 04:20 PM
After murky trades in past two sessions, bulls fastened their pace again for record ride on DStreet. Following a jubilant
start amidst positive global cues, Indian indices remained in green zone with Nifty marking fresh lifetime high of 7929 in
early deals. Sentiments were boosted by RBI’s report that highlighted ‘Ache Din’ of Indian economy. Benchmarks
settled 0.25% up with Nifty ending at record closing high above the crucial 7900 mark first time. On BSE sectorial front,
IT topped the charts.
Among the global counterparts, US markets spurted lifting S&P 500 to a new record closing high on upbeat
economic data. Additionally, Asian markets too trade in positive terrain whereas European markets were dipped in red
zone.
Back home, Rupee stretched the winning streak amidst Dollar weakness in overseas markets coupled with RBI’s
enthusiastic report.
On macro-economic turf, the Foreign Direct Investment (FDI) digits have shown a good growth of 34% in the month
of June at $1.92 billion as compared to $1.44 billion in the same month of previous year. During the first quarter of
April-June FY15, FDI jumped by 34% to $7.23 billion from $5.39 billion recorded in the corresponding period of the
previous fiscal.
Amidst the announcements of cheerful digits, Reserve Bank of India has released its annual report for 2013-14 (year
ended June 30). In its report, the apex bank underscored that Indian economy is likely to grow at 5.5% in the current
fiscal. The report highlighted that the manufacturing activity is showing signs of improvement amidst improved external
demand and stabilizing global commodity.
On stock specific front, Sugar stocks soared up to 5.3% after Government hiked the import duty on sugar to 25%
from 15%. Consequently, the lower sugar imports will benefit the local players. However, the hike in import duty will not
impact much on the prices of Sugar for consumers.
Hotel Leelventure Ltd rallied 5% on BSE the company clarified for the news item titled "UK's Carnival Group offers
Rs.850 crore to buy Leela Chennai" that it is looking for options from potential investors.
T h e market breadth on the BSE closed in negative. Advancing and declining stocks were 1552 and 1598
respectively, while 136 scrips remained unmoved.
The S&P BSE Sensex ended at 26419.55, up 59.44 points or 0.23%. The 30 share index touched a high and a low of
26508.27 and 26383.16 respectively. 17 stocks advanced against 13 declining ones on the benchmark index.
The CNX Nifty gained 22.10 points or 0.28% to settle at 7913.20. The index touched high and low of 7929.05 and
7900.05 respectively. 28 stocks advanced against 21 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved up to 9340.87 and gained 0.22% while S&P BSE Small-cap index jumped up by
0.00% to 10298.52.
The broader S&P BSE 500 index increased to 10081.59 (up 0.22%) and CNX 500 index rose to 6352.35 (up 0.21%).
The volatility as denoted by INDIA VIX lost 0.80% at 13.62 from its previous close of 13.73 on Thursday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 1.63%), Banks (up 1.03%) and Capital Goods (up 0.16%)
were the top gainers.
Real Estate (down 0.82%), FMCG (down 0.51%) and Power (down 0.35%) were the top losers.
The Angels and the Devils
Hindalco Industries Ltd (up 2.36%), State Bank of India (up 2.26%), HDFC Bank (up 1.80%), Infosys Ltd (up 1.65%)
and Tata Consultancy Services Ltd (up 1.22%) were the top gainers on the Sensex.
2. Coal India Ltd (down 2.04%), Housing Development Finance Corporation Ltd (down 1.91%), Bharti Airtel Ltd (down
1.59%), Hero MotoCorp Ltd (down 1.04%) and Hindustan Unilever Ltd (down 0.82%) were the top losers on the
Sensex.
Benchmark Drivers
Housing Development Finance Corporation Ltd (-34.75 points), HDFC Bank (33.12 points), Infosys Ltd (32.72 points),
State Bank of India (21.56 points) and Tata Consultancy Services Ltd (20.07 points) were the major Sensex drivers
today.
On the other end Housing Development Finance Corporation Ltd (-8.55 points), HDFC Bank (7.96 points), Infosys Ltd
(7.37 points), State Bank of India (5.57 points) and Tata Consultancy Services Ltd (5.41 points) were the major Nifty
movers today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 7914 for next session. The next support is at 7899 and on upside it has a resistance at
7928 levels.
CCNNXX NNiiffttyy
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
25-Aug-2014 7870 7885 7899 7914 7928 7943 7957 -
22-Aug-2014 7794 7825 7858 7889 7922 7953 7986 7913.20
21-Aug-2014 7793 7829 7852 7887 7911 7946 7969 7891.10
S&P BSE Sensex has a pivot at 26437 with first level of support and resistance at 26366 and 26491 respectively.
SS&&PP BBSSEE SSeennsseexx
EEffff.. DDaattee SS 33 SS 22 SS 11 PPIIVVOOTT RR 11 RR 22 RR 33 AAccttuuaall CClloossee
25-Aug-2014 26241 26312 26366 26437 26491 26562 26616 -
22-Aug-2014 26058 26160 26260 26362 26462 26565 26665 26419.55
21-Aug-2014 26000 26139 26226 26365 26453 26592 26680 26360.11
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