27 October 2016

60-Minute 'Muhurat Trading' on NSE this Diwali

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Leading bourses BSE and NSE will conduct special 'Muhurat' trading session on Diwali on 30 October. The 'Muhurat' trading, which is conducted on the auspicious occasion of Diwali, would be held between 1830 hrs and 1930 hrs, the stock exchanges said in separate circulars.  

Muhurat Trading Session on Account of Diwali Laxmi Pujan for Equity Segment on Sunday, 3 October: 
  • Pre-Open Session: 6:15 PM -6.30 PM 
  • Continuous Trading : 6.30 PM - 7.30 PM 
  • Post Closing: 7.40 PM - 7.50 PM
BSE would conduct the special session in equity derivatives, currency derivatives, equity and SLB segment while NSE would conduct the same in currency derivatives, futures and options and capital market segment. 

"... a special live trading session shall be held on Sunday, 30 October, 2016 on account of Muhurat trading on Diwali," NSE said.

7 October 2016

Stock Market Important Updates for Today

Average industry growth for FY17 to be around 10-11%: RBL Bank 
The industry's average growth is likely to hover around 10-11 percent due to factors like normalisation of financial markets, stronger India position and rate cuts introduced by the Reserve bank of India, said Rajeev Ahuja, Head Strategy, Retail And Financial Inclusion at RBL Bank.
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Tata Coffee's board meeting on October 19, 2016 
Tata Coffee Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 19, 2016 to consider the Financial Results of the Company for the quarter ended September 30, 2016.

Cosboard Industries: Outcome of AGM 
Cosboard Industries Ltd has informed BSE that the 36th Annual General Meeting (AGM) of the Company was held on September 28, 2016.

Effingo Textile: Outcome of AGM
Effingo Textile & Trading Ltd has informed BSE that the 31st Annual General Meeting (AGM) of the Company was held on September 30, 2016.

6 October 2016

Live Stock Market Updates - Sensex, Nifty choppy

At 1:11 PM, the S&P BSE Sensex is trading at 28,306 up 85 points,while NSE Nifty is trading at 8,773 up 29 points. The BSE Mid-cap Index is trading up 0.51% at 13,687 whereas BSE Small-cap Index is trading up 0.58% at 13,36  

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GAIL, RIL, ONGC, RIL, HUL, Tata Steel and HDFC are among the gainers, whereas Axis Bank, Infosys, ICICI Bank, M&M, Cipla and Dr.Reddy's are losing sheen on BSE.

Some buying activity is seen in oil & gas, metal, energy, utilities, telecom and power sectors, while IT and teck are showing weakness on BSE. The INDIA VIX is down 2.90% at 14.9000. Out of 1,872 stocks traded on the NSE, 544 declined, 1,049 advanced and 279 remained unchanged today.  

A total of 134 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE. The rupee opened lower four paise at 66.56/$ against US Dollar Thursday as against the previous close of 66.50/$. Asian markets are showing a mixed trend on Thursday. Hang Seng and Nikkei 225 are trading in green. Mainland Chinese markets remained closed for the National Day holiday.  

Wall Street closed higher on Wednesday. The Dow Jones industrial average rose 112.58 points, or 0.62%, to 18,281.03, the S&P 500 gained 9.24 points, or 0.43%, to 2,159.73 and the Nasdaq Composite added 26.36 points, or 0.5%, to 5,316.02. Oil prices hit US$ 50, bond yields hit 1.7% highest in last 6 months & US$ hit 96.17 new 3 month highs as probability of Fed rate hike in US grew to 72%.This in turn saw commodities rise with emerging market indices also rising in tandem & the Brazilian 'Ibovespa" hitting new 52 week highs.

14 September 2016

INR to USD Forex Rates Today

INR to USD Forex Rates Today: Rupee Loses 7 Paise against Dollar in Early Trade 
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Extending losses for the third day, the Rupee dropped by another 7 paise to 66.99 against the US dollar  in early trade today at Interbank Foreign Exchange market as the American currency strengthened overseas. Forex dealers said fresh demand for the US currency from importers and a lower opening in the domestic equity market put pressure on the rupee.

The rupee had depreciating by 24 paise to end at 66.92 against the US dollar on Monday. The forex market remained closed yesterday on account of “Id-ul-Zuha”. Meanwhile, the benchmark BSE Sensex fell further by 30.22 points or 0.10 per cent to 28,323.32 in opening trade today.

9 September 2016

Expect Nifty to Open Gap Down at 8953

Dynamic Levels' Market Outlook:  

Nifty to open a tad lower, ECB's Mario Draghi disappoints markets  

Indian Market Outlook: 

India's benchmark Nifty is expected to open gap down despite strong closing yesterday at 8975. ECB  President Mario Draghi has failed to match the expectations of the market, however the overall trend of the market is a buy, but marginal correction on the downside can set in. Nifty's support lies is at 8850 thus markets can retest to those levels. Yes Bank had to defer its QIP yesterday as the stock was down by over 5 percent and went below the QIP price. Nifty was supported yesterday by PSU banks and Auto shares, while IT and private sectors banks were a drag.
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Nifty Small Cap Index traded at all time high with good overall participation. FIIs have been buyers yesterday and over the past few months, highlighting India's strong fundamental story.  

Nifty Futures is expected to open at 8953 as per SGX Nifty at 8:50 am IST, which is below its previous close of 8976.

30 August 2016

India Stock Market News

Most Asia markets head higher, but Nikkei wavers between gains and losses  

Most Asia markets traded higher on Tuesday, while Japanese shares wavered amid a muted reaction to
better-than-expected economic data. The benchmark Nikkei 225 traded flat at 16,735.78, while the Topix was up 0.03 percent, with the indexes wavering modestly between positive and negative. 
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Data released before the market opened showed Japan's household spending fell 0.5 percent on-year in July, narrower than a Reuters poll forecast for a 0.9 percent decline. Japan's retail sales slipped 0.2 percent on-year in July, a narrower decline than a median market forecast for a 0.9 percent drop, according to Reuters.  

The better-than-expected read, however, did not convince some analysts who believed a combination of persistently low wage and output growth would likely weigh on spending decisions of Japanese households in the near future. Japan's seasonally adjusted unemployment rate for July came in at 3.0 percent, a touch lower than June's 3.1 percent and the lowest since 1995.

13 June 2016

Today's Stock Cash Market News

ICICI Bank, SBI, Tata Motors, BHEL and Tata Steel are losers while Dr Reddy's Labs and HDFC Bank are gainers in the Sensex.  For more information visit www.capitalheight.com/about.php
           Dragged by global cues the market has opened with severe cuts. The Nifty is down below 8100. The 50-share index is down 72.75 points or 0.9 percent at 8097.30 while the Sensex is down 246.12 points or 0.9 percent at 26389.63.
          The Indian rupee opened lower by 18 paise at 66.94 per dollar on Monday versus 66.76 Friday.
      Spot gold was nearly flat at USD 1,273.36 an ounce by 0105 GMT. Bullion touched a session best of USD 1,278.03, its highest since May 18.
       The Enforcement Directorate (ED) tweeted that it had "attached" properties worth Rs 14.11 billion (USD 210.78 million) in the case involving a loan from state-owned IDBI Bank to Kingfisher to buy properties abroad.
            IDBI Bank does not think restructuring of standard loans could be too negative for banks.
             VECV turned free cash flow positive with Rs 360 crore in FY16. VECV's EBITDA margins rose 80 basis points (bps) annually in FY16 but gross margins declined 100 bps.
            The contract has been awarded from Nepal Electricity Authority (a Government of Nepal Undertaking) vide letter of award for expansion of distribution network in the Western region of Nepal.
          The portfolio being acquired for USD 350 million is a mix of filed ANDAs pending approval and an approved ANDA, and comprised of complex generic products across diverse dosage forms.