12-Feb-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 6.50 points at the opening bell.
Overseas, Asian stocks gained after a late-day rally on Wall Street on Friday, 9 February 2018, as investors fretted about the risks from looming US inflation data. Japanese markets are closed today in observance of a public holiday.
On the commodities front, oil prices were steady after sinking on Friday for a sixth straight day.
Among corporate earnings of prominent companies back home, Bank of India, Britannia Industries and GAIL (India) will announce October-December 2017 earnings today, 12 February 2018.
On a consolidated basis, net profit of Coal India rose 4.22% to Rs 3005.02 crore on 2.52% decline in total income to Rs 22484.14 crore in Q3 December 2017 over Q3 December 2016. The result was announced on Saturday, 10 February 2018.
State Bank of India (SBI) reported net loss of Rs 2416.37 crore in Q3 December 2017 as against net profit of Rs 2610 crore in Q3 December 2016. Total income rose 17.4% to Rs 62887.06 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours on Friday, 9 February 2018.
Net profit of Mahindra & Mahindra (M&M) rose 12.50% to Rs 1215.91 crore on 4.57% rise in net sales to Rs 11577.78 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours on Friday, 9 February 2018.
Net profit of ONGC rose 15.22% to Rs 5014.67 crore on 14.90% rise in net sales to Rs 22995.88 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours on Friday, 9 February 2018.
On the macro front, the government will announce inflation data based on consumer price index (CPI) for January 2018 after market hours today, 12 February 2018. Consumer prices in India increased 5.21% year-on-year in December of 2017.
The government will announce industrial production data for December 2017 today, 12 February 2018. India's industrial production rose sharply by 8.4% year-on-year in November 2017.
Meanwhile, the stock market closed the last trading session of the week with strong losses on Friday, 9 February 2018, weighed by weak global stocks. The Sensex fell 407.40 points or 1.18% to settle at 34,005.76, its lowest closing level since 4 January 2018.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 1351.70 crore on Friday, 9 February 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 588.42 crore on Friday, 9 February 2018, as per provisional data.
The Indian stock market will remain shut tomorrow, 13 February 2018, on account of Mahashivratri.
Note: Many of the small investors (whose portfolio size is below Rs.1 lakh) have sent me mails, asking for DISCOUNTS on my Premium Information Service (Current Price Tag: Rs.18000 per year), if they are eligible. Yes, you are eligible, as this blog is and my new scheme is dedicated to SMALL INVESTORS only, so that I can assist you with my few decade of experience.
It is not that, I am always infallible or is always right regarding my takes on the market, but then few decades of experience in stock market counts and hence I perhaps make less mistakes than the new comers or novices.
Moreover, I feel investing/trading in stock market is a serious business and it hence there is no place of "Chalta Hai" (Casual) attitude here or it CANNOT be a PART-TIME thing to get good returns. You have to devote your time and energy to get scintillating returns or else one bad decision can rob off all your efforts.....if you do not have too much time or you are short of source based information (this is a must as it is very difficult to make money without getting to know before hand what is going inside the company through your sources in Industry) then you need to take the services of professionals in this field/space.
Also, if you are trading through my associated brokerage house: BMA Wealth Creators Ltd, with a portfolio size of more than Rs.2 lakhs, then you would get my assistance along with the tips from the brokerage house free of charge.
Anyway, please give me some time to reply to your individual mails, because of the sheer number of such mails hitting my desk during the last few days. But don't worry you would get my reply at the earliest. If you do not receive my reply within two days, then kindly re-sent your request at: suman2005s@rediffmail.com or sumanm2007s@gmail.com (send in this e-mail address if and only if you do not get reply within a couple of days through suman2005s@rediffmail.com).
~With inputs from Capital Market -- Live News
Note: Many of the small investors (whose portfolio size is below Rs.1 lakh) have sent me mails, asking for DISCOUNTS on my Premium Information Service (Current Price Tag: Rs.18000 per year), if they are eligible. Yes, you are eligible, as this blog is and my new scheme is dedicated to SMALL INVESTORS only, so that I can assist you with my few decade of experience.
It is not that, I am always infallible or is always right regarding my takes on the market, but then few decades of experience in stock market counts and hence I perhaps make less mistakes than the new comers or novices.
Moreover, I feel investing/trading in stock market is a serious business and it hence there is no place of "Chalta Hai" (Casual) attitude here or it CANNOT be a PART-TIME thing to get good returns. You have to devote your time and energy to get scintillating returns or else one bad decision can rob off all your efforts.....if you do not have too much time or you are short of source based information (this is a must as it is very difficult to make money without getting to know before hand what is going inside the company through your sources in Industry) then you need to take the services of professionals in this field/space.
Also, if you are trading through my associated brokerage house: BMA Wealth Creators Ltd, with a portfolio size of more than Rs.2 lakhs, then you would get my assistance along with the tips from the brokerage house free of charge.
Anyway, please give me some time to reply to your individual mails, because of the sheer number of such mails hitting my desk during the last few days. But don't worry you would get my reply at the earliest. If you do not receive my reply within two days, then kindly re-sent your request at: suman2005s@rediffmail.com or sumanm2007s@gmail.com (send in this e-mail address if and only if you do not get reply within a couple of days through suman2005s@rediffmail.com).
~With inputs from Capital Market -- Live News
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