SumanSpeaks: The Information Super Highway

Market Pulse Domestic stocks saw gap-down opening taking cues from negative Asian stocks. At the time of writing this report, the barometer index, the S&P BSE Sensex, was down 228.07 points (-0.68%) and Nifty was down 73.35 points (-0.71%) and were trading at 33,374.69 and 10,287.35 respectively. The S&P BSE Mid-Cap index was down 0.3%. The S&P BSE Small-Cap index was down 0.35%. The fall in both these indices was lower than the Sensex's decline in percentage terms. The market breadth, indicating the overall health of the market, was weak. On the BSE, 921 shares fell and 502 shares rose. A total of 47 shares were unchanged. Market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month November 2017 series to December 2017 series. The November 2017 derivatives contract expire today, 30 November 2017. Overseas, Asian stocks fell as investors ponder the longevity of the global equity ...

WINNING STROKES The Key equity benchmark indices settled a tad lower after a range bound trading session. The barometer index, the S&P BSE Sensex, fell 15.83 points or 0.05% to settle at 33,602.76. The Nifty 50 index fell 8.95 points or 0.09% to settle at 10,361.30. Most realty stocks gained. Key benchmark indices nudged higher in early trade. Stocks hovered in positive zone in morning trade. Stocks extended gains in mid-morning trade. Key equity benchmarks firmed up in afternoon trade. Key equity benchmarks dipped in negative zone in mid-afternoon trade. Stocks hovered in negative zone in late trade. The S&P BSE Mid-Cap index fell 0.17%. The fall in this index was higher than Sensex's decline in percentage terms. The S&P BSE Small-Cap index fell 0.01%. The fall in this index was lower than Sensex's decline in percentage terms. The market breadth, indicating the overall health of the market, turned negative from positive in late trade. On the BSE, ...

Market Pulse Key benchmark indices nudged higher in early trade. Stocks hovered in positive zone in morning trade. The S&P BSE Mid-Cap index was up 0.24%. The S&P BSE Small-Cap index was up 0.55%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,445 shares rose and 957 shares fell. A total of 135 shares were unchanged. Overseas, Asian stocks were mixed as Chinese equities added to declines and a North Korean missile test overshadowed an overnight surge in US equities. US stocks rose to records yesterday, 28 November 2017 on progress towards passage of US tax cuts and a benign confirmation hearing with Federal Reserve Chair nominee Jerome Powell. The Senate Budget Committee approved the Senate's tax plan on Tuesday, bringing the upper chamber closer to a floor vote, which is expected to take place Thursday. Meanwhile, during his testimony, Powell said that current regulati...

Pre-Session: Market may open higher 29-Nov-17: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 63 points at the opening bell. Overseas, Asian stocks climbed, following a surge in US equities, and as a well-worn path of North Korean missile tests did little to dent investors' optimism in the strength of global earnings and economic growth. US stocks rose to records yesterday, 28 November 2017 as corporate tax cuts inched closer to reality after passing another hurdle in the Senate. Back home, key benchmark indices corrected on profit booking yesterday, 28 November 2017 after rising in the previous eight trading sessions. The Sensex fell 105.85 points or 0.31% to settle at 33,618.59, its lowest closing level since 23 November 2017. The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 12.24 crore yesterday, 28 November 2017, as per provisional data released...

Opportunity for Investors Photo :  Audacity Capital There is an opportunity for those investors, who want to get a fixed monthly on their investments, away from the hustle and bustle of share market. The schemes, which are from a more than 30 year old company, are as follows: (i) Invest Rs.5 lakhs and get Rs.49,000 per month for the next 12 months, through EMIs. That is you get Rs.(12*49,000) = Rs.5,88,000 in total, on your investment of Rs.5 lakhs; in 12 months. (ii) Invest Rs.5 lakhs and get Rs.10,000 per month as Interest ( 2% per month or 24% in a year ) on your investment, for the next 12 months. You will get 12 PDCs of 1 year & Promissory Note  on your investment of Rs.5 lakhs. In this case you are getting Rs.(5+1.2) lakhs = Rs.6.2 lakhs in 12 months. This offer is initially available only for the first 200 individuals and is open till 31st December, 2017. For more on this, please contact  me at :   #suman2005s@rediffmail.com or...

WINNING STROKES The Sensex fell 105.85 points or 0.31% to settle at 33,618.59, its lowest closing level since 23 November 2017. The index rose 45.71 points, or 0.14% at the day's high of 33,770.15. The index fell 147.79 points, or 0.44% at the day's low of 33,576.65. The Nifty 50 index fell 29.30 points or 0.28% to settle at 10,370.25, its lowest closing level since 23 November 2017. The index rose 10 points, or 0.10% at the day's high of 10,409.55. The index fell 44.35 points, or 0.43% at the day's low of 10,355.20. The S&P BSE Mid-Cap index rose 0.10%. The S&P BSE Small-Cap index rose 0.27%. Both these indices outperformed the Sensex. The market breadth, indicating the overall health of the market, once again turned positive from negative in late trade. On the BSE, 1,386 shares rose and 1,333 shares fell. A total of 158 shares were unchanged. The total turnover on BSE amounted to Rs 4245.83 crore, higher than the turnover of Rs 4087.13 cr...

Market Pulse Domestic stocks edged lower in early trade on negative Asian stocks. At present, the barometer index, the S&P BSE Sensex, is trading at 33,698.51, down 25.93 points (-0.08%) while the NSE is at 10,393.70, down 5.85 points (-0.06%). Overseas, most Asian stocks were trading lower amid uncertainty over the US tax bill. US equities ended yesterday, 27 November 2017 little changed, as declining oil prices pulled down energy stocks. US President Donald Trump is scheduled to address Senate Republicans today, 28 November 2017 ahead of a potential vote on a tax overhaul. Federal Reserve Chair Janet Yellen testifies before the congressional Joint Economic Committee in Washington, and the confirmation hearing is due for her nominated successor, Jerome Powell. Jai Balaji Industries Ltd today hit another buyer freeze at Rs.15.05. I have been asking all to enter the scrip as its valuation looked pretty cheap compared to its peers.  Intraday : (i)  SE...

Winning Strokes Key benchmark indices logged small gains on first trading day of the week after languishing in negative zone for most part of the trading session. The barometer index, the S&P BSE Sensex, rose 45.20 points or 0.13% to settle at 33,724.44. The Nifty 50 index rose 9.85 points or 0.09% to settle at 10,399.55. Stocks logged gains for eight day in row today, 27 November 2017. The Sensex and the Nifty, both, settled at their highest closing levels in three weeks. Domestic stocks edged lower in early trade on negative Asian stocks. Stocks hovered in negative zone in morning trade. Key benchmark indices gyrated in a small range amid negative bias in mid-morning trade. Equities extended fall and hit fresh intraday low in early afternoon trade. Stocks hovered near the day's low in afternoon trade. Stocks cut losses in mid-afternoon trade. Indices turned positive in late trade. The Sensex rose 45.20 points or 0.13% to settle at 33,724.44, its highest closing...

Today's Calls 1.  Buy M&M Finance Ltd at around Rs.444-445, SL: Rs.435, T: Rs.461 on T+2 basis. 2. Intraday sell Canara Bank at around Rs.387, SL: Rs.392.50, T: Rs.379-376. 3. Intraday sell Hexaware at around Rs.326, SL: Rs.328.50, T: Rs.321-319. 4. Intraday buy COPPER at around Rs.445.20, SL  above Rs.442.50, T: Rs.449.00.

Pre-Session: Market may see gap-down opening on negative global cues 27-Nov-17: Domestic stocks may take breather after logging gains for seven days in a row to Friday, 24 November 2017. The Sensex had jumped 918.80 points or 2.8% in seven sessions, from a close of 32,760.44 on 15 November 2017. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 32 points at the opening bell. Overseas, Asian stocks gave back earlier modest gains and fell back from a decade high on Monday, weighed by weakness in the Chinese and South Korean markets. In US, the S&P 500 and Nasdaq Composite finished at all-time highs on Friday, 24 November 2017 as retailers were in focus amid the Black Friday shopping holiday, a day after domestic markets were closed in observance of Thanksgiving. On the data front, a survey of purchasing managers showed that businesses grew in November at the slowest pace in four months. The Markit flash manufacturing...

Opportunity for Investors Photo :  Audacity Capital There is an opportunity for those investors, who want to get a fixed monthly on their investments, away from the hustle and bustle of share market. The schemes, which are from a more than 30 year old company, are as follows: (i) Invest Rs.5 lakhs and get Rs.49,000 per month for the next 12 months, through EMIs. That is you get Rs.(12*49,000) = Rs.5,88,000 in total, on your investment of Rs.5 lakhs; in 12 months. (ii) Invest Rs.5 lakhs and get Rs.10,000 per month as Interest ( 2% per month or 24% in a year ) on your investment, for the next 12 months. You will get 12 PDCs of 1 year & Promissory Note  on your investment of Rs.5 lakhs. In this case you are getting Rs.(5+1.2) lakhs = Rs.6.2 lakhs in 12 months. This offer is initially available only for the first 200 individuals and is open till 31st December, 2017. For more on this, please contact  me at :   #suman2005s@rediffmail.com or...

Winning Strokes Benchmark indices settled with modest gains as Government promulgating the ordinance to amend the Insolvency and Bankruptcy Code, 2016 perked up sentiment. The barometer index, the S&P BSE Sensex, advanced 91.16 points or 0.27% to settle at 33,679.24. The Nifty 50 index rose 40.95 points or 0.4% to settle at 10,389.70. Gains in global stocks also underpinned sentiment. The Sensex and the Nifty, both, hit highest closing level in 2-1/2 weeks. IT and power stocks gained. The market gained for the seventh straight day. The Sensex jumped 918.80 points or 2.8% in seven sessions, from a close of 32,760.44 on 15 November 2017. The market opened higher and held firm in the positive terrain throughout the session. The Sensex advanced 91.16 points or 0.27% to settle at 33,679.24, its highest closing level since 6 November 2017. The index gained 150.45 points, or 0.45%, at the day's high of 33,738.53. The index rose 51.90 points, or 0.15%, at the day's ...

Market Pulse Today the S&P BSE Mid-Cap index rose 0.33%. The S&P BSE Small-Cap index advanced 0.37%. Both these indices outperformed the Sensex. The Sensex is now trading at  33,689.44 up 101.36  points (+0.30%) and Nifty is now at 10,387.20 up 38.45 points (+0.37%). The breadth, indicating the overall health of the market, was strong, till writing this report. On BSE, 976 shares rose and 448 shares declined. A total of 50 shares were unchanged. Reliance Industries gained 0.89% after Reliance Marcellus II, LLC, a subsidiary of Reliance Holding USA, Inc., and Reliance Industries announced the closing of recently announced sale of its interest in certain upstream assets; which were operated by Carrizo Oil & Gas, Inc to BKV Chelsea LLC, an affiliate of Kalnin Ventures. On the macro front, the Government of India promulgated yesterday, 23 November 2017, the ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). Earlier the President o...

Market Pulse The Key indices trading with tiny gains in morning trade. The BSE  Sensex is now trading at 33,579.66 up 18.11 points (+0.05%), while the NSE  is now trading at 10,351.75 up 9.45 (+0.09%) points amid mixed Asian cues. On the macro front, in order to review the Income-tax Act, 1961 (the Act) and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government yesterday, 22 November 2017, has constituted a task force with Arbind Modi, Member (Legislation), CBDT-Convener. Dr. Arvind Subramanian, Chief Economic Adviser (CEA) will be a permanent special invitee in the task force. The terms of reference of the task force is to draft an appropriate Direct Tax Legislation keeping in view; the direct tax system prevalent in various countries, the international best practices, the economic needs of the country and any other matter connected thereto. Overseas, Asian stocks were mixed. In US, the S&P 500 index and the Dow Jones Ind...

Market Pulse Indian market opened higher on firm Asian cues and is still maintaining that trend. Sensex is now trading in the green, though in between the stocks pared gains and slipped into the red. Overseas, Asian shares joined the global rally as strong world growth and rising corporate profits lured hordes of investors into equities. US stock-market indexes ended at records and near session highs yesterday, 21 November 2017, finding support on another round of strong earnings, with technology shares leading the way. The Chicago Fed national activity index rose to 0.65 in October from 0.36 in September. Sales of previously-owned homes jumped to a seasonally adjusted annual pace of 5.48 million in October. Meanwhile, Steel-dependent metal nickel posted early gains on Tuesday in both Shanghai and London markets in step with a stronger showing in Chinese steel futures.Nickel is chiefly used in making stainless steel. I am of the belief that Moody's rally would continue for s...

Pre-Session: Indices may advance on firm Asian cues 22-Nov-17: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 30.85 points at the opening bell on firm Asian stocks. Overseas, Asian stocks gained on record close for US stocks overnight. US stock-market indexes ended at records and near session highs yesterday, 21 November 2017, finding support on another round of strong earnings, with technology shares leading the way. The Chicago Fed national activity index rose to 0.65 in October from 0.36 in September. Sales of previously-owned homes jumped to a seasonally adjusted annual pace of 5.48 million in October. Among corporate news back home, Bank of Baroda announced that the finance committee of the board approved the proposal of raising additional equity capital aggregating upto Rs 6000 crore by way of rights issue or qualified institutions placements (QIP), subject to applicable statutory/regulatory approvals. The announc...

Opportunity for Investors Photo :  Audacity Capital There is an opportunity for those investors, who want to get a fixed monthly on their investments, away from the hustle and bustle of share market. The schemes, which are from a more than 30 year old company, are as follows: (i) Invest Rs.5 lakhs and get Rs.49,000 per month for the next 12 months, through EMIs. That is you get Rs.(12*49,000) = Rs.5,88,000 in total, on your investment of Rs.5 lakhs; in 12 months. (ii) Invest Rs.5 lakhs and get Rs.10,000 per month as Interest ( 2% per month or 24% in a year ) on your investment, for the next 12 months. You will get 12 PDCs of 1 year & Promissory Note  on your investment of Rs.5 lakhs. In this case you are getting Rs.(5+1.2) lakhs = Rs.6.2 lakhs in 12 months. This offer is initially available only for the first 200 individuals and is open till 31st December, 2017. For more on this, please contact  me at :   #suman2005s@rediffmail.com or...

Jai Balaji Industries: Some Illuminating Facts According to the Annual Report of  FY17 Jai Balaji Group presently generates Power for captive use in three locations, viz Raniganj and Durgapur in West Bengal and Durg in Chhattisgarh, with an installed Power generation capacity of 101.10 MW. It produced 319.69  MU in FY17. According to the annul report of FY17 , the Company has three wholly owned subsidiaries namely Nilachal Iron & Power Limited, Jai Balaji Steels (Purulia) Limited & Jai Balaji Energy (Purulia) Limited. Regarding Join Ventures, Jai Balaji Industries Ltd (Rs.13.90) writes in its 2016-17, Annual Report :   Your Company continues to have two joint venture (JV) companies namely, Andal East Coal Company Private Limited and Rohne Coal Company Private Limited. # Andal East Coal Company Private Limited : ‘Andal East Coal Company Private Limited’ was formed in 2009-10, in which your Company along with Bhushan Steel Limited and Ra...