ILFS Securities files criminal case against Delhi Police’s Economic Offences Wing

The case involves IISL, a clearing member; Allied Financials, a broker; and its clients Dalmia Cements in an Options Contract.

IANS | Mar 31, 2019, 09.04 PM IST

ILFS Securities Services Limited (IISL), a subsidiary of ILFS, has filed a criminal writ petition in the Delhi High Court against Delhi Police EOW (Economic Offences Wing) claiming they passed orders, restricting the company from selling specified securities, “without application of mind, on wrongful assumption of power, without following due process, without authority of law and in an arbitrary and illegal manner.”

The petition also challenged the order on the grounds that
EOW acted on the basis of a complaint filed by Dalmia Cements “without any FIR and without having any provision under law” authorising it to issue such impunged order prior to initiating investigation under CrPC.

The case involves IISL, a clearing member; Allied Financials, a broker; and its clients Dalmia Cements in an Options Contract.

Allied Financials sold Options Contract on Nifty, in the F&O segment of NSE, in December 2018. The contracts were to be settled in cash on expiry in March 2019 and June 2019.

Allied Financials got Rs 380 crore for these contracts and offered MFs to IISL towards collaterals for these Options, which was transferred to NSE Clearing Limited(NCL).

The MF offer included units from funds of Reliance Mutual Funds, Axis, L&T, DSP, Kotak Mahindra Mutual Fund and UTI MF.

Subsequently, IISL transferred the collateral to its demat account, after Allied Financials failed to provide the shortfall with additional collaterals, to sell and close any open positions, according to the petition.

Dalmia Cements East Limited, client of Allied Financials, filed a complaint with the
EOW charging the broker with fraudulently and deceptively acquiring the MFs and using them as collateral to IISL. The EOW, based on the compliant, ordered IISL not to sell these securities till further order.

ISSL has challenged the order saying while there is an ongoing investigations by SEBI and EOW, the said contracts have not been suspended or put in suspended animation and ISSL is expected to deposit collateral commensurate with expected cash liability arising at the time of maturity of the contract.

“As of now the specified securities continue to remain in the ISSL demat account and the inability of the petitioner to provide margins as per existing norms as well as meet NSE norms on cash collateral, poses significant risk to the petitioner. The impunged order impairs the ability of the petitioner to comply with its legal obligations”, said ISSL in its petition.

Source

World Market – shares slip and bond yields fall, all eyes on central banks

* European Stoxx 600 slips 0.2 pct

* German Bund yield falls to lowest in 2-1/2 years

* Kiwi dollar slides as central bank flags possible rate cut

* Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh

* Asian stock markets: tmsnrt.rs/2zpUAr4 (Updates prices throughout)

By Tom Wilson

LONDON, March 27 (Reuters) – Global equity markets nudged down on Wednesday as investors hoped central bank action in the world’s biggest economies could temper some of the slowdown in global growth, despite bond yields still flagging recessionary fears.

European shares, which broke four straight days of losses on Tuesday, slipped 0.1 percent though bank shares enjoyed a near-one percent lift after European Central Bank Governor Mario Draghi signalled more assistance for banks via a cheap loans programme.

German 10-year yields, already below zero percent since Friday, fell further into negative territory. The U.S. bond yield curve meanwhile remained inverted – three-month bills are yielding more than 10-year bonds – a key signal of recession which dampened appetite for risk.

The U.S. yield curve inversion, which has preceded every U.S. recession for the last 50 years, triggered a sharp stock selloff last week. The drop in yields picked up pace after the U.S. Federal Reserve signalled a halt to its rate increases.

Markets got a reminder of global growth risks after Chinese data showed industrial profits shrank the most since late-2011 in the first two months of the year. That came after lacklustre economic data on Tuesday from Germany and the United States.

MSCI’s all-country world equity index, which tracks shares in 47 countries, slipped 0.1 percent while Chinese mainland shares bounced almost one percent as expectations deepened of more central bank stimulus.

“Our view is that the reflation story remains on track. We do expect the (Chinese) government to come to the rescue and provide some respite,” said Justin Onuekwusi, portfolio manager at Legal and General Investment Management.

“It feels to me that markets had priced in a lower-for-longer (interest rate) environment even before central banks. They had come a long way very quickly and now they are taking a bit of a breather. Global growth overall looks reasonably healthy, despite the slowdown,” he added.

Most market players agree recession fears were real but saw no clear sign of a huge slowdown, especially with interest rate rises receding. Draghi too said the euro area’s economic soft patch did not necessarily foreshadow a serious slump and the bank could further delay rate hikes if necessary.

“Most economic forecasts, including our own, are such that the second half of the year should see a cyclical pickup in activity – but the market is pricing something different,” said Peter Schaffrik, head of European rates strategy at RBC Capital Markets.

Earlier, MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.1 percent while Wall Street was set for a firmer open, futures signalled.

BRUISED KIWI

New Zealand’s central bank joined its peers in the United States and Europe by turning dovish – it flagged a possible interest rates cut, sending the kiwi dollar down as much as 1.6 percent to its lowest in 2-1/2 weeks.

The move also weighed on the Australian dollar.

“The market was taken by surprise by the dovish tone,” Thu Lan Nguyen, an analyst at Commerzbank said of the Reserve Bank of New Zealand. “Most central banks have turned dovish. Even those that hiked interest rates did it with a very cautious outlook on rates.”

The dollar index versus a basket of six major currencies was flat at 96.745, after modest gains overnight.

Questions over Brexit also limited moves for sterling , with investors awaiting fresh signs of Britain’s plan to leave the European Union.

Prime Minister Theresa May will address Conservative Party lawmakers, possibly to indicate a timetable for her departure, as she tries to win support for her twice-rejected Brexit deal as parliament prepares to vote on a variety of possible options.

Oil prices fell, reversing earlier gains, as further disruptions to Venezuela’s crude exports were offset by a report that U.S. inventories rose last week.

In emerging markets, there were renewed concerns over Turkey and Argentina where currencies have fallen sharply in recent days . The lira liquidity squeeze has sent overnight swap rates on lira to almost 500 percent.

For Reuters Live Markets blog on European and UK stock markets, please click on:

Reporting by Tom Wilson; Additional reporting by Sujata Rao;
Editing by Janet Lawrence and Jon Boyle

Source

Title Alliance Appoints Lindsay Smith as Chief Strategy Officer

Her leadership skills, experience and track record of success will help pave the way in the next exciting chapter that our company is about to write.

MEDIA, Pa. (PRWEB)
March 21, 2019

Title Alliance, Ltd, a RESPA-compliant ESOP leader in joint ventured title insurance agencies, announced today it has appointed Lindsay Smith as Chief Strategy Officer for the company. The announcement comes after the recent appointment of Maria Deligiorgis as General Counsel and Compliance Officer and Sharon Lontoc as Chief Human Resources Officer for the company, marking the company’s third C-Suite announcement within the last two weeks.

A graduate of LaSalle University, Smith joined Title Alliance in 2005 and has held multiple roles throughout her tenure with the company ranging from Project Manager to Director of Sales and Marketing. Smith, additionally, has had responsibility for all Western Growth within Title Alliance since 2015, doubling their portfolio’s profits annually under her leadership in Arizona and New Mexico. As Chief Strategy Officer, Smith will be responsible for assisting Title Alliance’s CEO, Jim Campbell, in developing, communicating and executing both corporate and JV strategic initiatives as the company continues to move forward with a significant growth trajectory.

“Lindsay’s incredibly strong communication skills, her passion to deliver exemplary results combined with her strategic mindset make her a natural fit for this role” says Jim Campbell, CEO of Title Alliance. “Our company is poised for another extensive growth spurt thanks to Lindsay’s efforts. Her leadership skills, experience and track record of success will help pave the way in the next exciting chapter that our company is about to write.” Campbell concludes, “I’m looking forward to continuing to work with Lindsay in her new role and I know that she will represent our company well as we navigate the challenges and opportunities in our ever changing market.”

Smith will focus on developing strategies to strengthen their family of companies and to position them for success. Her emphasis will be on overall growth, communication and strategic development from both a corporate and joint venture perspective. Through implementation of the company’s strategy both internally and externally, Smith will ensure that all employees, partners, and vendors understand the company-wide vision and goals so that all work in alignment. Smith will be accountable for positioning the company for strategic growth, by entering into new markets and saturating the existing markets with joint ventured relationships. Smith will be prominent within the industry as the company’s representative at industry events including trade shows, conferences, seminars and others identified to maintain and build relationships and continued organizational presence.

”My passionate commitment to making a difference in both the lives of our partners and team members is what fuels me. That’s always been my ‘Why’.” says Smith, “We are in the business of forming partnerships that provide opportunities for Brokers and their Agents to have passive income streams while controlling the closing process. And with each new company we set up there is an opportunity to impact the lives of more potential employees through the creation of jobs, to allow our partners to have additional revenue streams and to ultimately grow our ESOP which impacts all of our team members.” She concludes, “In this role, I look forward to thinking strategically to allow our company to enter into unexplored territories and to enhance the customer experience in order to have the greatest possible impact.”

Smith joins Chief Executive Officer, Jim Campbell; Chief Financial Officer, Lillian ReDavid; Chief Human Resources Officer, Sharon Lontoc and General Counsel and Compliance Officer, Maria Deligiorgis as the senior most leadership team providing collective guidance and governance over Title Alliance and their family of companies.

About Title Alliance:

Title Alliance, Ltd, an ESOP Company is located in Media, PA and has been creating RESPA compliant title joint ventures since 1983 with lenders, mortgage bankers, realtors, builders and credit unions. Their roots date back to 1948 when their first agency, which is still in existence today, was formed.

Source

Stock Market Today: Market Movers: What changed for D-Street while you were sleeping

​Nifty futures on the Singapore Exchange were trading 32 points, or 0.28 per cent, lower at 11,492, indicating a negative start for the Nifty50.

ETMarkets.com| Mar 27, 2019, 08.18 AM IST

State-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of Rs 14,500 crore to the government for acquiring 52.63 per cent stake in REC, a source said. NEW DELHI: US stocks had a positive closing overnight, but most Asian markets seem to be busy interpreting signals from the US bond market. Add F&O expiry-related volatility, and domestic stocks look headed for a shaky Wednesday.

Let us check out what all may move market through the day:

TRADE SETUP

  • Singapore trading sets stage for negative start
    Nifty futures on the Singapore Exchange were trading 32 points, or 0.28 per cent, lower at 11,492, indicating a negative start for the Nifty50.
  • Tech view: Nifty50 forms long bullish candle
    A day after a Hammer-like formation, the strong upmove on Tuesday suggests the bulls were not ready to give in as yet. The index looks up but needs to move beyond 11,570 level in coming sessions to continue the momentum.
  • Market-wide F&O rollovers at 51%
    Market-wide rollovers stood at 51 per cent till Tuesday, which were higher than the average rollovers of 48 per cent seen in the comparable period of last three F&O series. Nifty futures rollover stood at 48 per cent against 39 per cent rollovers seen in the last three series.
  • Asian shares lose steam
    Asian shares slipped on Wednesday, giving up their small gains made the previous day, as investors tried to come to terms with a sharp shift in US bond markets and the implications for the world’s top economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent while Japan’s Nikkei lost 0.6 per cent
  • US stocks gain as financials snap 5-day losing streak
    US stocks gained, with financials snapping a five-day losing streak as Treasury yields stabilised above 15-month lows. The Dow Jones Industrial Average rose 140.9 points, or 0.55 per cent, to 25,657.73, the S&P 500 gained 20.1 points, or 0.72 per cent, to 2,818.46 and the Nasdaq Composite added 53.98 points, or 0.71 per cent, to 7,691.52.
  • Oil prices dip after US inventory gain
    Oil prices edged lower on Wednesday after an industry report showed an unexpected rise in U.S. crude inventories, but losses were capped by ongoing supply curbs and issues affecting output from countries including Venezuela. Brent was down by 12 cents, or 0.2 percent, at $67.85.
  • Re rises 10 paise to 68.86 against dollar
    The rupee appreciated by 10 paise to end at 68.86 against the US dollar Tuesday following a robust response to RBI’s maiden rupee-dollar swap auction, PTI reported. Sustained foreign fund inflows and heavy buying in domestic equities also propped up the local unit, forex traders said.
  • Nifty PE at pre 2009 crisis level
    Nifty’s trailing price-earnings (P/E) multiple touched 25.9 in March 2019, the highest since year 2000, according to Bloomberg data. India has also become the second country, after the US, among major markets to surpass the P/E level prevailing before the financial crisis in 2009.
  • FPIs buy Rs 999 crore worth of equities
    Foreign portfolio investors (FPIs) bought Rs 999.02 crore worth of domestic stocks on Tuesday, data available with NSE suggested. DIIs were net sellers to the tune of Rs 197 crore, data suggested.

MONEY MARKET

  • Rupee up: The rupee appreciated by 10 paise to end at 68.86 against the US dollar Tuesday following a robust response to RBI’s maiden rupee-dollar swap auction.
  • 10-yr bond yields down: India 10-year bonds’ yields fell 0.13% to 7.34% on Tuesday rom 7.47% over the previous trading session, according to RBI data.
  • Call rate: The overnight call money rate weighted average was 6.19% on Tuesday, according to RBI data. It moved in a range of 4.80-6.30%.

TOP VIDEO

Mutual funds or direct equity investment – which is better?

TOP QUOTE

‘India’s earnings growth story continues over short, medium and long term’

MACROS

  • US, China trade talks to resume
    US and Chinese officials resume high-level trade talks this week as they close in on a deal that could just be the first step in the long road to economic peace. resident Donald Trump’s top trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin are due to visit Beijing on Thursday and Friday, while top Chinese negotiator, Vice Premier Liu He, plans travel to the US the following week.
  • Sebi panel may bring on par FDI, FPI caps
    A Securities and Exchange Board of India (Sebi) panel headed by former Reserve Bank of India deputy governor HR Khan is set to recommend liberalisation of investment caps for foreign portfolio investors. At present, foreigners can own up to 24% in a listed Indian company with any further increase requiring approval from the firm’s board.
  • US, China trade talks to resume
    US andChinese officials resume high-level trade talks this week as they close in on a deal that could just be the first step in the long road to economic peace. resident Donald Trump’s top trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin are due to visit Beijing on Thursday and Friday, while top Chinese negotiator, Vice Premier Liu He, plans travel to the US the following week.
  • Rajan questions 7% growth
    Former RBI Governor Raghuram Rajan Tuesday expressed doubts over Indian economy growing at 7% when not enough jobs were being created and said the current cloud over the GDP numbers must be cleared by appointing an impartial body to look at the data. Rajan said “a revamp” was needed “to really figure out what India’s true growth rate is”.
  • Oil PSUs exceed capex target
    Indian Oil, Hindustan Petroleum, Bharat Petroleum, and GAIL have exceeded their capital expenditure targets for the current fiscal, having spent heavily on refinery upgrades, pipelines, and marketing infrastructure. The combined capex target set for all staterun oil producers, refiners and marketers for 2018-19 is Rs 89,335 crore, of which they have collectively spent Rs 82,711 crore, or about 93%, in the 11 months through February.
  • China’s industrial profits shrink most since late 2011
    Profits at China’s industrial firms suffered their worst contraction since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on businesses. The sharp decline in profits suggests further trouble for the world’s second largest economy, which expanded at its slowest pace in almost three decades last year.
  • PFC to pay entire Rs 14,500 cr for REC to govt tomorrow
    State-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of Rs 14,500 crore to the government for acquiring 52.63 per cent stake in REC, a source said. The deal would help the government meet its disinvestment target of Rs 80,000 crore for the current financial year ending on March 31.
  • Rules to revive cos before liquidation soon
    The ministry of corporate affairs will soon notify regulations on last possible measures for revival of companies that have been ordered for liquidation through the insolvency process. This follows a recent order by the National Company Law Appellate Tribunal, in which it directed the liquidator to exhaust options available under this section before proceeding to attempt to sell the company wholly or in parts.

Commenting feature is disabled in your country/region.

Source

MARKET UPDATE | Closing Bell: Nifty ends above 11,150, Sensex gains 382 pts; metal stocks outperform

MARKET UPDATE | Closing Bell: Nifty ends above 11,150, Sensex gains 382 pts; metal stocks outperform | The Future Markets

TFM News | http://www.thefuturemarkets.com

Mar 11, 03:35 PM (IST)

Market at close: Indices ended on strong note on Monday as bulls took charge of the Dalal Street with Sensex closed above 37,000, while Nifty finished above 11,150 mark.

The Sensex was up 382.67 points at 37054.10, while Nifty was up 132.60 points at 11168. About 1735 shares have advanced, 911 shares declined, and 163 shares are unchanged.

Bharti Airtel, HPCL, BPCL, Eicher Motors and Bharti Infratel were the top gainers on the Nifty, while losers include NTPC, Zee Entertainment, TCS, Tech Mahindra and HCL Tech.

Except IT index, all other sectoral indices ended in green led by auto, energy, infra, metal, PSU bank, pharma and FMCG.

Mar 11, 03:19 PM (IST)

Godfrey Phillips gains: Shares touched 52-week high of Rs 1,042.50, rising 9 percent intraday Monday after company clarified on the news report about violation of the Foreign Direct Investment (FDI) laws by the company.  MoneyControl

Mar 11, 03:09 PM (IST)

Indian Metals & Ferro Alloys has entered into a Joint Development Agreement with Adventz Finance to develop the property situated at No.44, Chowringhee Road, Kolkata.  MoneyControl

Mar 11, 02:53 PM (IST)

Global Market Check: Boeing shares down by nearly 9 percent in the premarket

US stock index futures traded mixed on Monday morning with investors still digesting weak jobs data from the previous session.

Boeing shares were down by nearly 9 percent in the premarket. This comes as its fastest-ever selling aircraft sparks safety concerns after an Ethiopian Airlines 737 MAX jet crashed shortly after takeoff on Sunday, killing everyone on board. CNBC TV18

Mar 11, 02:22 PM (IST)

Sadbhav Infra shares rally on report of road asset sale

Shares of Sadbhav Infrastructure Project (SPIL) rose nearly 12 percent on Monday on a report that Canada Pension Plan Investment Board is in advanced talks to acquire 12 operating road assets of the company in a deal worth $400-$500 million (about Rs 3,000 crore).

Sadbhav Infra shares jumped as much as 11.7 percent to Rs 103 per share in early trade. At 1:37 PM, shares of the company traded up 7 percent at Rs 98.65 per share on NSE.  CNBC TV18

Mar 11, 02:18 PM (IST)

IFCI gains 5%: IFCI shares rallied 5 percent after the company exit from two large exposures in thermal power sector.  MoneyControl

Mar 11, 01:56 PM (IST)

RITES declares dividend: The board of directors of the company declared an interim dividend at the rate of 40% of paid up share capital (Rs 4 per share of Rs 10 each).  MoneyControl

Mar 11, 01:49 PM (IST)

DHFL down 6%; at day’s low after downgrade coming in from Brickworks

Shares of Dewan Housing Finance Corporation (DHFL) were down 6 percent in intra-day trade on the BSE after Brickwork Ratings (BWR) on March 8, 2019 downgraded DHFL’s various debt instruments by one notch, citing de-growth in business on account of inability to raise funds.  CNBC TV18

Mar 11, 01:15 PM (IST)

IDBI Bank looks to sell bad loans worth Rs 1,353 crore by March-end

IDBI Bank is looking to sell all six non-performing assets (NPAs) worth Rs 1,353 crore by the end of March, multiple sources familiar with the matter told CNBC-TV18.

The lender is planning to sell bad loans to banks, financial institutions or asset restructuring companies as it steps up efforts to recover dues from loan offenders, said the above mentioned sources on condition of anonymity.  CNBC TV18

Mar 11, 01:14 PM (IST)

Birla Corp shares drop up to 14% following NGT order

Shares of Birla Corporation slumped up to 14 per cent during intra-day trade on Monday after National Green Tribunal (NGT) ordered the firm to stop all mining activities being carried on within the municipal limits of Chittorgarh City. On BSE, the scrip after opening on a negative note further declined 14.11 per cent to Rs 485.10 during the day.  ET Markets

Mar 11, 12:57 PM (IST)

CG Power shares rally over amalgamation, promoters’ stake pledge

Shares of CG Power surged 8 percent on Monday after the company’s board approved amalgamation of unit CG Power Solutions with itself and following the promoters’ stake pledge. CG Power’s promoter, Avantha Holdings Ltd, has invoked to pledge all the equity shares by Vistra ITCL, which means 100 percent of promoter stake is pledged.  CNBC TV18

Mar 11, 12:54 PM (IST)

Just In | Kalpataru Power Transmission Limited has secured new orders of Rs.1,288 Crores. The details are as follows:
• Transmission & Distribution business has secured projects of Rs 771 crore primarily in international markets
• Two projects in Oil and Gas business totalling Rs 517 crore 
MoneyControl

Mar 11, 12:48 PM (IST)

Barring IT, all indices trade higher

Mar 11, 12:40 PM (IST)

Premature to call current market gains as pre-election rally, says Saurabh Mukherjea

Saurabh Mukherjea, the founder of Marcellus Investment Managers, is of the view that it would be premature to call the current market rally as a pre-election rally. “It could be that the Indian market is basically catching up with the global market rally,” he said in an interview with CNBC-TV18.

Mar 11, 12:19 PM (IST)

Nikkei bounces after 4 days of losses, growth worries limit rise

Japan’s Nikkei share average snapped a four-session losing streak on Monday, although gains were limited as much weaker-than-expected U.S. job data dimmed the outlook for the global economy. The Nikkei ended the day up 0.47 percent at 21,125.09. The index crawled back towards a three-month peak of 21,860.39 scaled a week ago.  CNBC TV18

Mar 11, 12:17 PM (IST)

Shares of Aurionpro Solutions gained 5.2 percent intraday Monday after company won a prestigious order from Bharat Electronic.  MoneyControl

Mar 11, 12:06 PM (IST)

Balrampur Chini Mills, Graphite India and Vakrangee among new entrants in Reliance Nippon Life AM portfolio

Balrampur Chini Mills, Graphite India and Vakrangee stood among new entrants in the portfolio of this AMC last month. However, it exited stocks like Hathway Cable, Just Dial, Kajaria Ceramics, SREI Infra, Tata Communications and Tata Elxsi.   ET Markets

Mar 11, 12:04 PM (IST)

Aditya Birla AMC adds exposure to DHFL, exits Suzlon Energy

Birlasoft, Chalet Hotels, Dewan Housing Finance, Divi’s Labs, Hexaware Technologies, IDBI and REC also stood among the list of newly bought stocks. On the other hand, it completely exited stocks such as GMR Infrastructure, Hindustan Aeronautics, J&K Bank, Just Dial, Page Industries, Sintex Plastics, Sunteck Realty and Suzlon Energy. ET Markets

Mar 11, 12:02 PM (IST)

ICICI Prudential Mutual Fund exits CESC Ventures, Spencer’s Retail

The fund house held equity assets of Rs 1.20 lakh crore as of February 28. During the month, it completed its exit from CESC Ventures and Spencer’s Retail. However, it added 6.82 crore shares of National Aluminium during the month. This was followed by NTPC (3.78 crore), ITC (3.68 crore), SBI (3.59 crore), Bank of Baroda (1.50 crore), Axis Bank (1.44 crore), ONGC (1.24 crore) and NHPC (1.24 crore). ET Markets

Mar 11, 11:48 AM (IST)

Buzzing: Shares of Ashoka Buildcon has surged 6 percent after the company’s subsidiary received LoA from NHAI.  MoneyControl

Mar 11, 11:39 AM (IST)

Mentha oil futures gain 0.99% as demand picks up

Mentha oil prices were up by 0.99 per cent to Rs 1,652 per kg in futures market Monday as speculators raised bets amid pick-up in demand from consuming industries in the domestic spot market. Further, tight stocks position on fall in supplies from Chandausi in Uttar Pradesh influenced mentha oil prices. – ET Markets

Mar 11, 11:18 AM (IST)

Eicher Motors hits over 2-month high; chart suggests more upside

Shares of Eicher Motors Ltd gained as much as 3.33 per cent to Rs 22,599.95, highest since Jan. 1
Stock broke above a resistance at Rs 22,264.5, the 23.6 per cent Fibonacci retracement level of the downtrend from Sep. 8, 2017 high to Jan. 29, 2019 low
A close above the 23.6 per cent level may lead to further price rise up to the next resistance at Rs 24,407.75, the 38.2 per cent level, though some resistance is also expected at the 200-day exponential moving average
Stock’s wave pattern suggests it has completed a three-wave downtrend that started on Sep. 8, 2017 and it is now in a five wave uptrend
Trend intensity (TI) indicator rises to 17, suggests prices are trending upwards, MACD is positive and above its signal line
Stock up 4.9 per cent in the last one month as of Friday’s close, outperforming the broader NSE Index’s 0.8 per cent gains in the same period (Source: Reuters)

Mar 11, 11:16 AM (IST)

Shares of Unichem Laboratories added 3.2 percent intraday Monday after successful inspection at Ghaziabad facility by USFDA– MoneyControl

Mar 11, 10:56 AM (IST)

Dilip Buildcon shares jump 7 percent on NHAI project win

Shares of Dilip Buildcon rallied over 7 percent in the early morning trade on Monday after the company said it was declared the lowest bidder for an NHAI project in Maharashtra.”The company has been declared L-1 bidder for the EPC project in the state of Maharashtra, valued at Rs 480.06 crore by the National Highways Authority of India (NHAI),” it said in a filing.

Dilip Buildicon has risen over 30 percent in March and 75 percent in the last one month. – CNBC TV18

Mar 11, 10:42 AM (IST)

Jet Airways surge amid reports of receiving fresh loan from PNB; stock up 13% in March

Shares of Jet Airways gained as much as 4.6 percent to Rs 254.50, on news reports that the airline company has received a fresh loan of Rs 2,050 crore from Punjab National Bank (PNB). The airline had also raised foreign currency term loans worth Rs 1,100 crore and a non-fund based credit facility of Rs 950 crore from PNB, the Mint report said citing loan documents. CNBC TV18

Mar 11, 10:23 AM (IST)

Buy Axis Bank, UPL & Bajaj Auto, says Motilal Oswal’s Yogesh Mehta

The latest analysis and commentary by stock market guru Yogesh Mehta, vice president-equity advisory at Motilal Oswal Securities on what is moving the markets today. He shared his views and readings on Axis Bank, Bajaj Auto and UPL. CNBC TV18

Mar 11, 10:17 AM (IST)

Buzzing: GMR Infrastructure shares gained 1.5 percent after company’s subsidiary GMR Airports (GAL) received the formal letter of award (LoA) from MIHAN India, the concessioning authority for the Nagpur Airport. – MoneyControl

Mar 11, 10:13 AM (IST)

Arvind Fashions hits 5% upper circuit for 2nd consecutive day

Shares of Arvind Fashions hit the 5 per-cent upper circuit on Monday morning for the 2nd consecutive day. It was listed on Friday at a price of Rs 591.75, but consequently ended the day at Rs 621.30.

On Monday, the scrip hovered at Rs 652.35, up 5 per cent at around 09:40 am while the benchmark BSE Sensex was up 0.80 per cent at 36,964.78.

Investors of Arvind Fashions faced confusion on Friday, as the demerged entity of Arvind, which got listed on stock exchanges, opened at a price that was much lower than the Street estimates. – ET Markets

Mar 11, 10:10 AM (IST)

SBI hits 1-month high on Essar Steel, loan pricing news

Shares of State Bank of India hit a one-month high of Rs.289.00 as the National Company Law Tribunal on Friday approved the acquisition of bankrupt Essar Steel by ArcelorMittal for Rs 420 billion. The bank’s shares also gained as the lender has linked rates on some savings bank deposits and short-term loans to RBI’s repo rate. Effective May 1, SBI’s all cash credit accounts and overdrafts with limits of more than Rs 100,000 would be linked to the repo rate, currently at 6.25 percent, with a spread of 2.25 percent. Brokerage Morgan Stanley reportedly said this move will help reduce volatility in the lender’s margins over time and key things to monitor will be the impact on deposit growth and strategy of peers. In a post-earnings conference call in February, SBI Chairman Rajnish Kumar had said that resolution of Essar Steel would help the bank write back provisions to the tune of 60 bln rupees. At 10.04 am, shares of SBI traded up 2.7 percent at Rs 288.90. – CNBC News

Mar 11, 09:38 AM (IST)

Dilip Buildcon declares as lowest bidder: Shares of Dilip Buildcon rose 6 percent in the early trade on Monday after company declared as lowest bidder for the project in the state of Maharashtra.

The company has been declared L-1 bidder for the EPC project in the state of Maharashtra, valued at Rs 480.06 crore by the National Highways Authority of India (NHAI). – MoneyControl

Mar 11, 09:20 AM (IST)

OPENING BELL: Sensex rises 150 points, Nifty50 nears 11,100; Jet Airways, IDBI Bank gain 3% – ET Markets

Mar 11, 09:08 AM (IST)

Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 70.01 per dollar versus previous close 70.15. – MoneyControl

Mar 11, 09:04 AM (IST)

Market at pre-open: Benchmark indices are flat in the pre-opening trade with positive bias Nifty around 11,100 level.

The Sensex is up 32.77 points at 36704.20, while Nifty is up 44.70 points at 11080.10.

Titan, L&T, SBI, are among major gainers in the pre-opening session. – MoneyControl

Mar 11, 08:52 AM (IST)

FPIs buy Rs 1,095 crore worth of equities

Foreign portfolio investors (FPIs) bought Rs 1,095 crore worth of domestic stocks on Friday, data available with NSE suggested. DIIs were net sellers to the tune of Rs 470 crore, data suggested. – ET Markets

Mar 11, 08:51 AM (IST)

Sensex on Friday

Benchmark Sensex dropped 54 points, or 0.15 per cent, to 36,671 and NSE’s Nifty ended the day at 11,035, down 23 points or 0.21 per cent. – ET Markets

Mar 11, 08:42 AM (IST)

Asian markets trade lower: Asian shares pulled back on Monday after US employment data raised doubts about the strength of the global economy while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound. – MoneyControl

Mar 11, 08:24 AM (IST)

Crude Update: Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling US drilling activity. – MoneyControl

Mar 11, 08:00 AM (IST)

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 15 points or 0.14 percent. Nifty futures were trading around 11,043-level on the Singaporean Exchange. – MoneyControl

– TFM News (The Future Markets) | http://www.thefuturemarkets.com

⇓ Subscribe[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

Read more Business NewsMarket News

Daily Stock Picks and Reco’s – The Future Market’s watch window

Today Stock Picks and Research Calls from Experts & Agencies –

 28th Feb 2019

Research calls by Sharekhan Today:

  • Sell LICHSGFIN at Rs.466 with target price of Rs.462.
  • Buy BIOCON at Rs.624 with target price of Rs.631.
  • Buy NTPC at Rs.136 with target price of Rs.144 and time frame will be 1 to 10 Days.

Reliance Money Intraday Calls:

  • Buy Lupin Ltd at Rs.765 with target price of Rs.786 and a stop loss of Rs.760.
  • Sell Ultratech Cement Ltd at Rs.3,902 with target price of Rs.3810 and a stop loss of Rs.3950.
  • Sell Vedant Ltd at Rs.167 with target price of Rs.159 and a stop loss of Rs.179. Read more at:

Manas Jaiswal of manasjaiswal.com:

  • Titan is a ‘Sell’ call with a target price of Rs.985 and a stop loss of Rs.1031.
  • ICICI Bank is a ‘Sell’ call with a target price of Rs.335 and a stop loss of Rs.351. Read more at:

Kunal Bothra independent market expert:

  • Titan is a ‘Sell’ call with a target price of Rs.980 and a stop loss of Rs.1040.
  • HUL is a ‘Sell’ call with a target price of Rs.1695 and a stop loss of Rs.1757.

CK Narayan of Chart Advise

  • United Spirits is a ‘Buy’ call with a target price of Rs.552 and a stop loss of Rs.533.
  • ICICI Pru is a ‘Buy’ call with a target price of Rs 327 and a stop loss of Rs 314.

5paise trading platforms todays intraday call:

  • Buy NMDC Ltd between Rs.98-99 with target price of Rs.102.5 and a stop loss of Rs.97.7.
  • Buy Biocon Ltd between Rs.624-628 with target price of Rs.640 and a stop loss of Rs.617.
  • Buy SRF Ltd between Rs.2262-2272 with target price of Rs.2245 and a stop loss of Rs.2310.
  • Buy United Spirits Ltd between Rs.538-542 with target price of Rs.560 and a stop loss of Rs.528.Read more at:

Ashwani Gujral of ashwanigujral.com:

  • Buy ICICI Prudential Life Insurance with a stop loss of Rs.315, target of Rs.332.
  • Buy BEML with a stop loss of Rs.830, target of Rs.855.
  • Buy TCS with a stop loss of Rs.2045, target of Rs.2090.
  • Buy Godrej Industries with a stop loss of Rs.490, target of Rs.515.
  • Buy Aurobindo Pharma with a stop loss of Rs.710, target of Rs.735. Read more at:

Sudarshan Sukhani of s2analytics.com:

  • Buy Bharat Forge with stop loss at Rs.500 and target of Rs.520.
  • Buy Colgate Palmolive with stop loss at Rs.1240 and target of Rs.1280.
  • Buy Piramal Enterprises with stop loss at Rs.2280 and target of Rs.2360.
  • Sell Indiabulls Housing Finance with stop loss at Rs.675 and target of Rs.640.
  • Sell Kaveri Seed Company with stop loss at Rs.420 and target of Rs.395.

Mitessh Thakkar of mitesshthakkar.com:

  • Buy Allahabad Bank with a stop loss below Rs.45.95 for target of Rs.51.
  • Sell HDFC Bank below Rs.2082 with stop loss of Rs.2096 and target of Rs.2055.
  • Sell Hindustan Unilever below Rs.1730 with stop loss of Rs.1742 for target of Rs.1705.
  • Buy ICICI Prudential with a stop loss of Rs.315 and target of Rs.333.
Disclaimer: The views and investment tips expressed by investment experts are their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

Subscribe with your Email to get daily updates.[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

DAILY MARKET INSIGHTS – 26th Feb 2019

After market update – Markets end lower on Indo-Pak tensions

TFM Watch

This slideshow requires JavaScript.

Indian Indexes

The benchmark indices ended lower on February 26, after Indian Air Force (IAF) conducted air strikes on a terror camp across the Line of Control (LoC) in Pakistan occupied Kashmir (PoK). The Sensex slipped by 0.66% or 239.67 points to 35973.71. The Nifty fell by 0.41% or 44.80 points to 10835.30.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

26Top Gainer Losers

26Currency

Stocks in the news

1. Intellect Design secured multi-million dollar deal from Emirates NBD.

2. Britannia to replace Hindustan Petroleum in Nifty 50 from March 29, 2019.

3. Adani Enterprises emerged as highest bidder for Guwahati Airport.

4. Kotak Mahindra Bank approved raising of FII/FPI limit to 45% from 43%.

 

Buzzing stocks on BSE

1. Dewan Housing Finance Corporation fell by 4.21% to Rs.130.95, after ratings agency ICRA revised the short-term rating outstanding for the Rs.8,000 crore commercial papers of the company.

2. Max India rose by 3.23% to Rs.83, after reports of PE firm buying stake in Max Bupa Health Insurance Company.

Global Signals

Asian stock markets fell on February 26, as investors seek clarity on US-China trade.

European stock markets were also lower tracking weak Asian stocks on uncertainty over US-China trade details.

 

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

Daily Stock Picks and Reco’s – The Future Market’s watch window

Today Stock Picks and Research Calls from Experts & Agencies –

 26th Feb 2019

Research calls by Sharekhan Today:

  • Buy BankBaroda with target price of Rs.107 and time frame will be 1 to 10 Days.
  • Buy NTPC with target price of Rs.144 and time frame will be 1 to 10 Days.
  • Buy WOCKPHARMA with target price of Rs.411 and time frame will be 1 to 10 Days.
  • Buy GRAPHITE with target price of Rs.440 and time frame will be 1 to 10 Days.
  • Buy ESCORTS with target price of Rs.665 and time frame will be 1 to 10 Days.

Reliance Money Intraday Calls:

  • Buy Pidilite Industries Ltd at Rs.1088 with target price of Rs.1145 and a stop loss of Rs.1071.
  • Buy Ceat Ltd at Rs.1071 with target price of Rs.1110 and a stop loss of Rs.1057. Read more at:

Manas Jaiswal of manasjaiswal.com:

  • DCB Bank is a ‘Buy’ call with a target price of Rs.190 and a stop loss of Rs.178.
  • Equitas is a ‘Sell’ call with a target price of Rs.108 and a stop loss of Rs.117. Read more at:

Kunal Bothra independent market expert:

  • Bajaj Auto is a ‘Buy’ call with a target price of Rs.2925 and a stop loss of Rs.2800.
  • Cipla is a ‘Buy’ call with a target price of Rs 562 and a stop loss of Rs 540.

CK Narayan of Chart Advise

  • Kajaria Ceramics is a ‘Buy’ call with a target price of Rs.545 and a stop loss of Rs.528.
  • Apollo Hospitals is a ‘Buy’ call with a target price of Rs.1210 and a stop loss of Rs.1175.

5paise trading platforms todays intraday call:

  • Buy Bata India Ltd between Rs.1305-1313 with target price of Rs.1344 and a stop loss of Rs.1288.
  • Buy Balkrishna Industries Ltd between Rs.850-870 with target price of Rs.870 and a stop loss of Rs.842.
  • Buy REC Ltd between Rs.132-133 with target price of Rs.138 and a stop loss of Rs.129.Read more at:

Ashwani Gujral of ashwanigujral.com:

  • Buy HCL Tech with a stop loss of Rs.1060, target of Rs.1120.
  • Buy UPL with a stop loss of Rs.847, target of Rs.875.
  • Buy UltraTech Cement with a stop loss Rs.3700, target of Rs.3765.
  • Buy Infosys with a stop loss of Rs.748, target of Rs.770.
  • Buy Maruti Suzuki with a stop loss of Rs.6800, target of Rs.7200. Read more at:

Sudarshan Sukhani of s2analytics.com:

  • Buy Interglobe Aviation with stop loss at Rs.1105 and target of Rs.1135.
  • Buy NIIT Tech with stop loss at Rs.1300 and target of Rs.1340.
  • Buy Divis Labs with stop loss at Rs.1560 and target of Rs.1630.
  • Sell Canara Bank with stop loss at Rs.225 and target of Rs.221.
  • Sell Tata Chemicals with stop loss at Rs.570 and target of Rs.560.

Mitessh Thakkar of mitesshthakkar.com:

  • Buy Torrent Pharma with a stop loss of Rs.1790 and target of Rs.1840.
  • Buy HCL Tech with a stop loss of Rs.1069 and target of Rs.1115.
  • Buy YES Bank with a stop loss of Rs.224 and target of Rs.240.
  • Sell Aurobindo Pharma with a stop loss of Rs.721 and target of Rs.682.
Disclaimer: The views and investment tips expressed by investment experts are their own and not that of the website or its management. thefuturemarkets.com advises users to check with certified experts before taking any investment decisions.

Subscribe with your Email to get daily updates.[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

DAILY MARKET INSIGHTS – 25th Feb 2019

After market update – Strong start to the week, Nifty near 10900

TFM Watch

This slideshow requires JavaScript.

Indian Indexes

The benchmark indices resumed rally on positive global cues amid sharp gains in Infosys, TCS, HDFC Bank, ICICI Bank and ITC. The Sensex rose by 0.95% or 341.90 points at 36213.38. The Nifty surged by 0.82% or 88.45 points at 10880.10.

TCS, Grasim Industries, Yes Bank, Infosys and UltraTech Cement were top gainers on the Nifty, while Adani Ports, Bharti Infratel, BPCL, HPCL and Zee Entertainment were amongst the top losers.

Market breadth was in favour of advances with an advance-decline ratio of 3:2.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

25Top Gainer Losers

25Currency

Stocks in the news

1. Shilpa Medicare received USFDA nod for Gemcitabine Injection, used to treat cancer.

2. GST rates on under-construction houses cut to 5% from 12%.

3. Tata Elxsi collaborates with Portuguese company, NOS for digital operations solutions.

 

Buzzing stocks on BSE

1. JBM Auto rose by 2.66% to Rs.270 after company acquired major shareholding in Linde-Wiemann.

2. Adani Ports and Special Economic Zone declined by 8.26% to Rs. 324.85, after Adani Logistics, a unit of Adani Ports and SEZ announced that it would acquire Adani Agri Logistics from Adani Enterprises in an all-cash deal.

Global Signals

Asian stock markets ended with gains while the European stocks traded higher on February 25 on optimism after US President Donald Trump announced an extension to tariff hikes on Chinese imports due on March 1.

 

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

10 stocks that brokerages say can give solid returns in 2 to 3 weeks

M&M, Maruti & ICICI Pru among 10 stocks that brokerages say can give solid returns in 2-3 weeks

Investors are treading cautiously ahead of the release of key macro data prints, including GDP.

TFM Watch

1517562998-2359

Upbeat global sentiment on the back of positive signals from US-China trade negotiations lifted domestic equity benchmarks Nifty and Sensex in opening deals on Monday.

The rupee, too, saw a bounce, opening 11 paise higher at 71.03 against the US dollar amid some selling of the US dollar by banks and exporters.

However, a rise in crude oil prices, which jumped near their highest since mid-November, restricted the gains in domestic stocks.

Investors are also treading cautiously ahead of the release of key macro data prints, including GDP and infrastructure output numbers.

Around 10 am, BSE Sensex was up 74 points at 35,945, while Nifty rose 12 points to 10,804.

Technical analysts see stock-specific opportunities in the market. Based on various brokerage recommendations, here is a list of 10 stocks that can potentially deliver solid gains over the next 2-3 weeks.

Gajendra Prabu, technical analyst, HDFC Securities

M&M | Buy | Target price: Rs 690 | Stop loss: Rs 624
The stock has validated the Doji candle pattern formed on the daily charts (moved above the candle’s high), confirming the bullish reversal. The stock has been forming higher tops and bottoms in a smaller degree, which is a bullish continuation structure. Apart from this, the stock is attempting to cover the gap witnessed on February 11, 2019, between Rs 673 to Rs 678. In addition, a positive divergence has emerged on the RSI oscillator, which could give strength to the bulls. “Traders may look to buy the stock at current market price and add on dips up to Rs 630 level for an upside target of Rs 690. Place a stop loss at Rs 624 on a closing basis,” Prabu said.

Reliance Industries | Buy | Target price: Rs 1,322 | Stop loss: Rs 1,190
This stock has completed a Three Wave decline from Rs 1,264 to Rs 1,211, which is major Wave D with internal strong irregular Wave B. It is now in the process of forming a Wave E, which could ideally make a new lifetime high above Rs 1,321, which is slightly above the previous lifetime high. At the end of internal Wave C (Rs 1,211), a Morning Star candle pattern has emerged, which is a bullish reversal sign. The stock has been maintaining higher tops and bottoms. In addition, it is trading above all key moving averages, such as 21, 50 and 200-day EMAs. “Traders may look to buy the stock at the current market price and add on dips to Rs 1,215 for the upside target of Rs 1,322. Place a stop loss at Rs 1,190 on the closing basis,” Prabu said.

Vaishali Parekh, Senior Technical Analyst, Prabhudas Lilladher

Hero MotoCorp | Buy | Target price: Rs 2,950 | Stop loss: Rs 2,560
The stock has witnessed a decent erosion recently from the peak of Rs 2,960 and bottomed out at around Rs 2,580 level to make a double bottom formation pattern on the daily chart. The formation of a positive bullish candle has made the chart look very attractive and has improved the bias. “With the RSI showing a trend reversal from the oversold zone, the stock has given a buy signal and with good volume participation, we recommend a buy rating on this stock for an upside target of Rs 2,950, keeping a stop loss of 2,560,” said Parekh.

JSW Steel | Buy | Target price: Rs 330 | Stop loss: Rs 260
This stock has eroded much of its gain in the past four to five months from the peak of Rs 427 and recently showed signs of bottoming out around Rs 255 level. A bounceback has made the chart look promising for further upward movement. The RSI has slowly started rising to maintain a positive bias. “With consistent volume activity seen, we recommend a buy rating on the stock for an upside target of Rs 330, keeping a stop loss at Rs 260,” Parekh said.

Aditya Agarwala, Senior Manager, technical analysis, YES Securities

Maruti Suzuki India | Buy | Target price: Rs 7,215-7,350 | Stop loss: Rs 6,700
On the daily chart, Maruti Suzuki India has turned north after taking support at the 61.8 per cent Fibonacci retracement level, which is placed at Rs 6,700. Further, a sustained trade above Rs 6,950 will extend the rise to Rs 7,215-7,350 levels. The RSI has turned upward after taking support at the lower end of the bull zone i.e. 48- level, and has formed a positive reversal on the daily chart, suggesting bullishness on the counter.

Dabur India | Buy | Target price: Rs 460- 477 | Stop loss: Rs 418
On the daily chart, Dabur India has turned upward after taking support at the lower end of the channel pattern, indicating higher levels in the coming sessions. It has turned upward above its previous support low of Rs 417, affirming strength in the stock. Moreover, the RSI has turned upward from the 40-level after forming a positive reversal, indicating bullishness.

Pfizer | Buy | Target price: Rs 3,150-3,250 | Stop loss: Rs 2,900
On the daily chart, Pfizer is on the verge of a breakout from a bullish flag pattern neckline placed at Rs 3,030. A sustained trade above Rs 3,030 with healthy volumes would trigger a bullish breakout, taking the stock higher to the levels of Rs 3,150-3,250. On the weekly chart, it has broken out from a sideways consolidation phase, confirming the bullishness. Moreover, RSI has turned higher from the 50-level indicating that bulls are in control of the stock.

Mazhar Mohammad, Chief Strategist – technical research & trading advisory, Chartviewindia.in

Ashok Leyland | Buy | Target price: Rs 89 | Stop loss: Rs 77
The stock registered a reversal formation a couple of days back on relatively much higher volumes. After a big single-day upward move, the stock has undergone correction and consolidation and formed a decent base around Rs 80 from where a pullback rally can be expected.

Exide Industries | Buy | Target price: Rs 227 | Stop loss: Rs 202
After a decent correction from the highs of Rs 273, this counter has found buying interest around Rs 203, as for the last couple of sessions, it was stable around this level and looks on the verge of a pullback rally.

Jay Thakkar, CMT – Head Technical and Derivatives Research, Anand Rathi Shares and Stock Brokers

JSW Steel | Buy | Target price: Rs 308 | Stop loss: Rs 272
This stock has seen a breakout from the downtrend line as well as from an inverse head and shoulders pattern. The momentum indicator has also provided a buy crossover with a positive divergence. “From a short-term perspective, the stock can be bought for the target of Rs 308 with a stop loss of Rs 272,” said Thakkar.

ICICI Prudential Life Insurance | Buy | Target price: Rs 334 | Stop loss: Rs 308
This stock has seen a breakout from the symmetrical triangular pattern with a buy crossover on its momentum indicator MACD. It has also seen a breakout from the short-term moving average, and thus showing the probability that the upside is high.

(Views and recommendations given in this section are the analysts’ own and do not represent those of TheFututeMarkets.com. Please consult your financial advisor before taking any position in the stock/s mention.)

Source: ET Markets

⇓ Subscribe[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

Read more Business News

DAILY MARKET INSIGHTS – 22nd Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

TFM Watch

This slideshow requires JavaScript.

Indian Indexes

The benchmark indices moved in narrow range throughout the day on February 22, amid mixed Asian markets. The Sensex was down by 0.07% or 26.87 points to 35871.48. The Nifty was up by 0.02% or 1.80 points to 10791.70.

Oil marketing companies gained in trade today as crude prices slipped.

Market breadth was in favour of advances with an advance-decline ratio of at 4:2.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

21Top Gainer Losers

21Currency.jpg

Stocks in the news

1. Dynamatic Technologies signed a Memorandum of Understanding with SAAB Technologies.

2. BEML partners with Lockheed Martin to explore global & domestic opportunities.

 

Buzzing stocks on BSE

1. Shares of GMR Infrastructure gained 2.80% to Rs.16.55, after the company signed concession agreement to develop a new international airport at Greece.

2. Bharat Electronics rose by 1.61% to Rs.570, after the company signed an MoU with Nagpur-based JSR Dynamics.

Global Signals

Asian stock markets were mostly mixed on February 22, after a slide on Wall Street as investors nervously watched the US-China trade talks in Washington.

European stock markets were mixed, as market participants closely monitored signs of progress in trade talks between the world’s two largest economies.

 

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

DAILY MARKET INSIGHTS – 21th Feb 2019

After market update – Second session of gains, Nifty reclaims 10800 intra-day

This slideshow requires JavaScript.

Indian Indexes

On February 21, benchmark indices closed on a positive note, with the Sensex settling a tad below 35900. The market rose for the second day and clocked their best two-day rally in nearly three weeks. The Sensex surged by 0.40% or 142.09 points to 35898.35. The Nifty rose by 0.51% or 54.40 points to 10789.85.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

21Top Gainer Losers.jpg

21Currency.jpg

Stocks in the news

1. Tech Mahindra approved the proposal for buyback fully paid equity shares of Rs.5 each.

2. Reliance Capital invited Nippon Life Insurance to buy up to 42.88% stake in RNAM.

 

Buzzing stocks on BSE

1. Dynamatic Technologies surged by 3.53% to Rs. 1,341, after the company signed a Memorandum of Understanding with Joint-Stock Company (JSC) Russian Helicopters on Ka-226T Helicopter.

2. Tata Steel rose by 1.49% to Rs. 497.90, after Moody’s Investors Service upgraded the company’s corporate family rating by one notch to Ba2 from Ba3.

3. Shares of Reliance Nippon Life Asset Management Company jumped by 20% to Rs. 187.05, after Reliance Capital invited partner Nippon Life Insurance Company Ltd to acquire a stake in Reliance Nippon Life AMC.

Global Signals

Asian stock markets were mixed on February 21, as investors digest Fed minutes.

European stock markets were also mixed, amid cautious optimism the world’s two largest economies could soon secure a trade deal to end a prolonged dispute.

 

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

DAILY MARKET INSIGHTS – 20th Feb 2019

This slideshow requires JavaScript.

Indian Indexes

The benchmark indices bounced back and broke the eight day losing streak on February 20, on the back of global optimism. The rally was mainly led by information technology, financial, metal and banking stocks. The Sensex added 400 points, while the Nifty rallied over 130 points. The Sensex surged by 1.14% or 403.65 points to 35756.26. The Nifty soared by 1.24% or 131.40 points to 10735.45.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

20Top Gainer Losers

20Currency

Stocks in the news

1. Duke Offshore secured contract from Daewoo-Tata JV

2. Aarti Industries entered into contract worth $125 mn with global chemical conglomerate

3. Strides Pharma arm received USFDA nod for generic of Zarontin capsules.

 

Buzzing stocks on BSE

1. Grasim Industries rose by 2.03% to Rs. 730.75, after the acquisition of the Chlor-Alkali Business of KPR Industries (India).

2. Majesco surged by 3.30% to Rs. 456, American Public Life Insurance Company has selected Majesco L&A and Group Core Suite platform.

Global Signals

Asian stocks markets mostly closed higher on February 20, after US President Donald Trump hinted once again that a closely watched trade deadline in March may be pushed back.

European stock markets were also higher, amid rising hopes the world’s two largest economies could soon secure a trade deal to end a protracted dispute.

 

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

DAILY MARKET INSIGHTS – 18th Feb 2019

This slideshow requires JavaScript.

Indian Indexes

The benchmark indices ended down sharply on February 18, 2019 on caution over mounting worries over terrorist activities in India’s Jammu & Kashmir. Heavyweights such as TCS, Reliance Industries and ITC among others dragged indices today. The Sensex slipped by 0.87% or 310.51 points to 35498.44. The Nifty fell by 0.78% or 83.45 points to 10640.95.

Market breadth was in favour of declines with an advance-decline ratio of 1:2.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

15Top Gainer Losers

18Currency

Stocks in the news

1. L&T Construction has secured a mega contract for design and construction of a major airport.

2. JSPL bagged additional order from Indian Railways for 30,000 tonnes long rails.

 

Buzzing stocks on BSE

1. Shares of Dewan Housing Finance Ltd (DHFL) jumped 4.67% to Rs. 128.90, on report that the company is in talk to sell a 10% stake to Baring India, Bain Capital and Hero Fincorp to raise funds.

2. Yes Bank share fell by 2.54% to Rs. 213.15, after the Reserve Bank of India (RBI) threatened further regulatory action against the bank over its public disclosure of nil divergence report.

Global Signals

Asian markets ended higher on optimism over ongoing trade talks between the US and China.

European stock markets were mixed, as investors await developments on US-China trade front.

Crude oil prices rose to three-month high on February 18, 2019 as Saudi Arabia said it has partially shut Safaniya offshore oil field, largest in the world, for repairs amid optimism over US-China trade discussions.

 

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

DAILY MARKET INSIGHTS – 15th Feb 2019

This slideshow requires JavaScript.

Indian Indexes

Indian stock market ended marginally lower on Febaruary 15, led by a decline in HDFC, HDFC Bank, Sun Pharma and Axis Bank. The Sensex was down by 0.19% or 67.27 points to 35808.95. The Nifty fell by 0.20% or 21.60 points to 10724.40.

[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]

15Top Gainer Losers

15Currency
Stocks in the news

1. Alembic Pharma received USFDA approval for gVigamox eye drops.

2. J Kumar Infraprojects received order worth Rs. 444.98 crore from Delhi Metro Rail Corporation.

 

Buzzing stocks on BSE

1. ONGC rose by 2.27% to Rs. 135.10, after net profit rose 64.8% to Rs. 8,262.70 crore in Q3FY2019

2. Shares of Kridhan Infra surged by 4.68% to Rs, 32.40, after company bagged an order in Singapore.

Global Signals

Asian stock markets closed lower on February 15, following the release of US retail data overnight which raised concerns over a slowing American economy.

European stock markets were mixed, after weaker-than-expected US retail sales figures raised fresh doubts about the strength of the world’s largest economy.

⇓ Subscribe here to get daily update[jetpack_subscription_form show_only_email_and_button=”true” custom_background_button_color=”#362e77″ custom_text_button_color=”#ffffff” submit_button_text=”Subscribe” submit_button_classes=”wp-block-button__link has-text-color has-white-color has-background has-dark-blue-background-button-color” show_subscribers_total=”false” ]