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Yatheendradas C.k.

Yatheendradas C.k.

City: Bangalore

Joining Date: 11 Jul , 2009
Last Login: 08:57 AM - 18 Jan , 2019
IP Address of Last Login - 171.61.115xxx
Profile Verified by Mobile.

New Thread: Sensex, Nifty may open higher

Yatheendradas C.k. at 09:05 AM - Jan 18, 2019 ( )

Share Market Live: Sensex, Nifty may open higher; HUL, RIL, Wirpro among shares in focus
By: FE Online | Published: January 18, 2019 9:03 AM
Share Market Today Live Updates: The domestic stock markets --Sensex and Nifty--are likely to open higher on Friday, tracking positive global cues. The SGX Nifty was trading 55.50 points or 0.51% higher at 10,975.50 this morning, indicating a higher opening for Sensex and Nifty.
 
Stock Market India Live Updates: The domestic stock markets –Sensex and Nifty–are likely to open higher on Friday, tracking positive global cues. The SGX Nifty was trading 55.50 points or 0.51% higher at 10,975.50 this morning, indicating a higher opening for Sensex and Nifty.

Asian stocks advanced on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment. The Wall Street Journal reported on Thursday that U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan 30, Reuters reported.

Back home, Reliance Industries shares will assume focus after the firm reported record profit in Q3 results. The oil-telecom conglomerate reported 8.8% rise in net profit to Rs 10,251 crore as against Rs 9,423 crore in the corresponding period of the previous year. HUL shares will also be in focus after the FMCG giant reported results better than street estimates. IT major Wipro is all set to report Q3 results today. We bring to you LIVE updates.

 
 

New Thread: Stocks in the news today

Yatheendradas C.k. at 08:50 AM - Jan 18, 2019 ( )

Last Updated : Jan 18, 2019 08:33 AM IST | Source: Moneycontrol.com
Stocks in the news: RIL, HUL, Lupin, Aurobindo Pharma, Cyient, Wipro, AU Small Finance
Reliance Industries | Hindustan Unilever | Lupin | Aurobindo Pharma | Rallis India | Cyient and L&T Technology Services are stocks which are in the news today.
Moneycontrol News

Here are stocks that are in the news today:

Results on Friday: Wipro, Atul, MPS, NIIT Technologies, Muthoot Capital Services, Zee Learn, Larsen & Toubro Infotech, Kajaria Ceramics, Omax Autos, MT Educare, SBI Life Insurance Company, Dhanlaxmi Bank, 3i Infotech, ICICI Lombard General Insurance Company

Board meeting on Friday: Vascon Engineers (fund raising), Solara Active Pharma Sciences (fund raising).

Reliance Industries Q3: Consolidated profit grows 7.7 percent to Rs 10,251 crore versus Rs 9,516 crore, revenue increases 9.1 percent to Rs 1.56 lakh crore versus Rs 1.43 lakh crore QoQ.


Reliance Jio Q3: Profit jumps 22.1 percent to Rs 831 crore versus Rs 681 crore, revenue rises 12.4 percent to Rs 10,383 crore versus Rs 9,240 crore QoQ.

Hindustan Unilever Q3: Profit rises 8.9 percent to Rs 1,444 crore versus Rs 1,326 crore; revenue increases 11.3 percent to Rs 9,558 crore versus Rs 8,590 crore YoY. Volume growth unchanged at 10 percent (QoQ) & versus 11 percent YoY.

 

AU Small Finance Bank Q3: Profit rises 20.8 percent to Rs 95.3 crore versus Rs 79 crore; net interest income jumps 38.9 percent to Rs 348 crore versus Rs 250.4 crore YoY.

L&T Technology Services Q3: Profit falls 2.8 percent to Rs 185.6 crore versus Rs 191 crore; revenue rises 4 percent to Rs 1,316.9 crore versus Rs 1,266.1 crore; dollar revenue increases 4.8 percent to $185.7 million versus $177.2 million QoQ.

Cyient Q3: Profit falls 27.4 percent to Rs 92.3 crore versus Rs 127 crore; revenue unchanged at Rs 1,187.7 crore QoQ. Company to decide on share buyback on a later date.

Rallis India Q3: Profit falls to Rs 13.88 crore versus Rs 25.08 crore; revenue rises to Rs 417.35 crore versus Rs 390.16 crore YoY.

Aurobindo Pharma: Subsidiary Acrotech Biopharma LLC to buy 7 oncology drugs from US company Spectrum Pharma, to pay $160 million upfront and $140 million as milestone payments.

Lupin: US FDA begins inspection at company's Pithampur unit-2, which is currently under warning letter - CNBC-TV18 sources.

Jet Airways: Naresh Goyal communicated his position on resolution plan to SBI.

Axis Bank: The bank has no credit exposure to account mentioned in report of 10-year old Hawala scam.

IL&FS Transportation: J&K Zojila tunnel contract terminated on January 15.

Suyog Telematics: Company successfully able to obtain license from Mumbai Metropolitan Region Development Authority (MMRDA), for installation of cellular equipment across all 17 Monorail stations of Mumbai.

Rallis India board approved the merger of its wholly owned arm Metahelix Life Sciences with company

IIFL Holding - IIFL Finance to raise up to Rs 2,000 crore via NCDs

Sundram Fasterners' plant situated at SEZ Unit, Mahindra World City, Kancheepuram District (Unit III) has commenced commercial production with effect from January 16, 2019

Rushil Decor received notice from Gujarat Pollution Control Board (GPCB) to stop manufacturing process of one of the Laminate Sheet Manufacturing units

DHFL: Brickwork Ratings India assigned BBB+ (SO) long term credit rating to Senior Pass Through Certificate (PTCs) worth Rs 1,375 crore.

Bajaj Holdings and Investment: 27 percent shareholding in Maharashtra Scooters Ltd held by Western Maharashtra Development Corporation Limited (WMDC) i.e. 30,85,712 shares is being acquired by the company.

Great Eastern Shipping Company: Company has contracted to sell its 1994 built very large gas carrier Jag Vishnu of about 49,353 dwt. The vessel will be delivered to the new buyer in first half of FY2019-20.

UCO Bank: Board approved proposals to issue equity shares on preferential basis to Goverment of India against capital infusion of Rs 3,076 crore, to raise equity capital fund upto Rs 1,OOO crore through qualified institutions placement and to raise Tier- II capital upto Rs 500 crore.

PVV Infra: Board approved the allotment of 5,00,000 equity shares and 4,71,716 convertible equity share warrants at Rs 21 apiece to promoters and 3,30,000 equity shares and 6,00,000 convertible equity share warrants at Rs 21 apiece to other than Promoters on preferential basis.

Bulk Deals on January 17

GIC Housing Finance: Fidelity Funds-Asian Smaller Companies Pool bought 6,99,673 shares of the company on NSE and Rs 6,98,267 shares on the BSE at Rs 267.49 per share. Fidelity Asian Values Plc also bought 3,63,075 shares of the company on NSE and 3,61,733 shares on NSE at same price.

Transwind Infra: Armour Capital Private Limited sold 48,000 shares of the company at Rs 10.85 per share on the NSE.

Analyst or Board Meet/Briefings

Poly Medicure: Board meeting will be held on January 25 to consider the un-audited financial results of the company for the third quarter and nine months ended on December 2018.

HDFC Standard Life Insurance Company: The company will be hosting an earnings conference call with analysts and investors on January 22 to discuss the financial results of the company for the quarter and nine months ended December 2018.

Saregama India: Board meeting is scheduled on January 25 to consider the un-audited financial results for the quarter and nine months ended December 2018.

Oriental Carbon & Chemicals: Conference call for investors and analysts to be held on February 4 to discuss the financial performance for the quarter and nine months ended December 2018.

Jindal Stainless (Hisar): Board meeting is scheduled on January 30 to consider the unaudited standalone financial results of the company for the 3rd quarter / period ended December 2018.

DCM Shriram: Board meeting will be held on January 29 to consider unaudited financial results (both standalone and consolidated) of the company for the quarter and nine months ended December 2018 and to consider the payment of 2nd interim dividend, if any for the financial year 2018-19.

Edelweiss Financial Services: Board meeting is scheduled to be held on January 24 to consider the unaudited financial results of the company for the quarter and nine months period ended December 2018 (Q3) and declaration of interim dividend, if any.

Lloyds Steels Industries: Board meeting is scheduled on January 29 to consider the un-audited financial results for the 3rd quarter ended December 2018.

Kernex Microsystems (India): Board meeting is scheduled on January 27 to consider the un-audited financial results for the third quarter ended December 2018.

National Fertilizers: Board meeting is scheduled to be held on February 1 to consider the un-audited financial results of the company for the quarter and nine month ended December 2018 and the proposal for payment of interim dividend for 2018-19.

Siyaram Silk Mills: Board meeting is scheduled on January 28 to consider the unaudited standalone financial results of the company for the quarter /nine month ended December 2018.

Hexaware Technologies: Conference call with analysts is scheduled to be held on January 30, where in the CEO and the CFO would discuss the Q4 and year ended December 2018 financial results of the company.

Mangalore Refinery & Petrochemicals: Board meeting is scheduled on February 5 to consider the un-audited financial statements for the third quarter ended December 2018.

Jyothy Laboratories: The company is organising a conference call for analyst/ investors on January 24, subsequent to declaration of its financial results for the quarter and nine months ended December 2018.

Apollo Hospitals Enterprises: Board meeting is scheduled on February 9 to consider the unaudited financial results of the company for the quarter and nine months ended December 2018.

Tata Chemicals: Board meeting is scheduled on February 5 to consider the financial results for the third quarter and nine months ended December 2018.

Deepak Fertilisers: Company's officials will be meeting institutional investors on January 18.

Music Broadcast: Board meeting is scheduled on January 28 to consider the un-audited financial results for the third quarter ended December 2018.

SML Isuzu: Board meeting is scheduled on February 8 to consider the unaudited financial results for the third quarter and nine months ended December 2018.

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 06:03 AM - Jan 18, 2019 ( )

Government's flagship employment
generaon scheme, the Pradhan Mantri
Rojgar Prohatsan Yojana has brought one
crore workers into the fold of EPFO, thus
ensuring social security PF pension and
provident fund to them. The one-crore
mark has been achieved in two and a half
years since its launch in January
2016, labour ministry said today. -Economic Times


The government plans to create a
business enterprise register that will
have details of all kind of businesses
being run in the country as it gears up to
conduct a nationwide economic census in
2019-20, said Pravin Srivastava,
Secretary, Ministry of Stascs and
Programme Implementaon (MoSPI). -Economic Times


The Confederation of Industry (CII), in its
interaction with RBI Governor
Shakkanta Das today, has sought policy
measures for easing the tight liquidity
situaon by effecng a cut in cash
reserve rao of at least 50 basis points,
measures to facilitate flow of credit to
industry, especially to MSMEs and
Infrastructure sector, and address the
high cost of credit by considering
reduction in repo rate of 50 basis points. -Business Line


The RBI has decided to rationalise the
current framework for external
commercial borrowings and Rupee
denominated bonds to further improve
the ease of doing business. The RBI has
allowed borrowers to raise up to $ 750
million a year and expanded the list of
borrowers eligible to raise ECBs. All
eligible borrowers can now raise ECBs up
to $ 750 million or equivalent per
financial year under the automac route
replacing the exisng sector wise limits,
the RBI said. The rules have been
changed in consultaon with the
Government of India, it said. -Indian Express


The RBI Wednesday imposed a Rs 1-crore
penalty on Bank of Maharashtra for
non-compliance of KYC guidelines and
fraud-classificaon norms. -Economic Times


Federal Bank reported a rise of 28%
(year-on-year) in its net profit for the Dec
quarter at Rs 333.63 crore from Rs 260
crore last year. -Moneycontrol.com


SBI said today lenders of Jet Airways
Ltd were considering a plan to resolve
the debt issues of the Indian carrier, amid
increasing prospects of a bailout by
major shareholder Ehad Airways. -Moneycontrol.com


SBI today said it has raised $1.25 billion
(about Rs 8,800 crore) through bonds
from overseas market to fund its
business expansion. The bank has
concluded the standalone issuance of
fixed rate senior unsecured notes in two
tranches of $850 million for 5 years with
a coupon of 4.375% and $400 million for
3 years with a coupon of 4% payable
semi-annually, SBI said in a regulatory
filing. -Business Standard


India is likely to lead salary growth
forecast in Asia, according to a Korn Ferry
forecast. Salaries in India are expected to
increase by 10% in 2019 as compared 9%
last year and inflaon-adjusted real-wage
increases are expected to be 5% in 2019,
up from 4.7% last year. -Economic Times


California: Data stored on cloud storage
service MEGA has been reportedly
compromised, resulng in more than 87
GB of passwords and email addresses
gettng leaked. -Economic Times


USD/INR 71.04
SENSEX 36374.08 (+52.79)
NIFTY50 10905.20(+14.90)

New Thread: GLOBAL MARKETS TREND

Yatheendradas C.k. at 05:57 AM - Jan 18, 2019 ( )

European indexes were in the red on Thursday, amid heightened political uncertainty in the U.K. and ongoing concerns over China's cooling economy.  All major European indexes were down  but for the Stoxx Europe 600 gaining by 0.04% to 350.73, after ending up 0.5% on Wednesday. Germany’s DAX lost 0.12% to 10,918.62,and France’s CAC 40 was down by 0.34% to 4,794.47. The U.K.’s FTSE 100 lost 0.40% to 6,834.92.

05:53 IST


From: yatheendradas c.k. at 06:12 AM - Jan 18, 2019( )


U.S. stocks rose in a choppy trade for a third straight session on optimism after the Wall Street Journal reported that the Trump administration was debating whether to ease tariffs on Chinese imports in a bid to calm markets and ease tensions with Beijing. The Dow Jones Industrial Average climbed 162.94 points, or 0.67%, to 24370.10, after falling more than 100 points in early trading. The S&P 500 added 19.86 points, or 0.76%, to 2635.96. The Nasdaq Composite rose 49.77 points, or 0.71%, to 7084.46.

06:12  IST


From: yatheendradas c.k. at 06:22 AM - Jan 18, 2019( )


Oil prices declined Thursday as investors worried about rising U.S. oil production and bulging inventories of gasoline amid sluggish demand that may point to a coming economic slowdown. West Texas Intermediate futures, the U.S. oil standard, ended 0.24 cents or 0.5% lower at $52.07 a barrel on the New York Mercantile Exchange. The decline ended a two-session upward streak. March Brent crude lost 14 cents, or 0.23%, to $61.18 a barrel on ICE Futures Europe.

06:22 IST


From: yatheendradas c.k. at 08:44 AM - Jan 18, 2019( )


Asian stocks gained early on today, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.  The Shanghai Composite is up 0.63% while the Hang Seng is up 0.91%. The Nikkei 225 is up 1.34%. TheKospihas gied 0.49%. The ASX 200 is tradig with a profit of 0.51%.

08:44 IST


From: yatheendradas c.k. at 08:52 AM - Jan 18, 2019( )


SGX Nifty Futures in Singapore is trading 60.00 points or 0.55% up at 10.980.00

 

08:52  IST


From: yatheendradas c.k. at 08:57 AM - Jan 18, 2019( )


Our Markets are expected to open higher on today tracking positive trend seen in other Asian/Global markets. Further, trends in SGX Nifty Futures in Singapore Exchage is also tradig at 10,984.50 gaining 64.50 points or 0.59% 


08:57  IST

   


New Thread: Thoughts for the Day January, 18th, 2019

Yatheendradas C.k. at 05:42 AM - Jan 18, 2019 ( )

18th January. 2019t


“You never identify yourself with the shadow cast by your body, or with its reflection, or with the body you see in a dream or in your imagination. Therefore you should not identify yourself with this living body, either.” 
― Adi Shankaracarya, Shankara's Crest Jewel of Discrimination

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 09:49 AM - Jan 17, 2019 ( )

Crude:@$52.25(+0.27%)
Brent:@$61.29(+1.07%)
JPY @108.89/$
Euro@ 1.1397/$
10 year US @2.722%(+0.14%)
INR @71.2475/$
G SEC 2028 @ 7.5633%    

Economic Times:

1) Etihad Pushes Jet, Lenders into a Catch-22 Situation.Etihad CEO Tony Douglas tells lead lender SBI it will only pay ₹150 per share, demands Goyal’s exit, exemptions on open offer and preferential pricing norms; lenders await Jet’s counter offer.

2) SBI has put its entire loan of ₹15,431 crore to Essar Steel on sale, setting a floor price that amounts to a haircut of more than a third on the sum due and demonstrating the intent of the country’s biggest lender to get its money back at the earliest.The lender set the minimum reserve price for the loan at ₹9,588 crore. That is also at a discount to ₹11,313 crore, the amount the bank would have received if the Arcelor-Mittal resolution plan, as approved by the committee of creditors, were to finally become a reality.

3) Global equity investors have started factoring in a probability of recession within a year following dull earnings forecasts by major Wall Street companies and trend in the yield curve.The outlook for global growth has changed dramatically in the past three months as the projection of the worldwide GDP growth dropped by 50 basis point to 2.5% from 2.9% in the period.

4) India’s structured finance market, the cash conduit to lower-rated borrowers, could head into a lockdown if special purpose vehicles (SPV) of IL&FS are allowed to skip repayments to investors until bankruptcy courts resolve the debt at the infrastructure financier and its subsidiaries.

5) IIFL Finance, backed by the UK-based CDC Group, is set to raise up to ₹2,000 crore in public bond issuances as it seeks to increase the share of its long-term borrowings in its total debt.The bonds, which will open for subscriptions next Tuesday, offers as much as 10.5%, the highest among retail debt sold recently across threefive-ten-year maturities.

Financial Express:

1) With exchange traded fund (ETF) proving to be an effective disinvestment tool even under not-so-favourable market conditions, the Centre has decided to come out with another tranche (second further fund offer or FFO) of Bharat-22 ETF this fiscal to raise at least Rs 8,000 crore.

2) After the cabinet on Wednesday approved expenditure of Rs 4,242 crore for an income tax project to be undertaken by the income tax department, the assessees would soon be provided with pre-filled return forms prompting them to only accept the details and submit the returns, bringing about a faster and more accurate process.

3) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a proposal to infuse Rs 6,000 crore into state-run Exim Bank in two years through FY20 to shore up the export credit agency’s capital base and raise its lending ability. The infusion will be in two tranches Rs 4,500 crore in 2018-19 (over and above the budgeted Rs 500 crore for FY19) and Rs 1,500 crore in FY20 — and will be in the form of recapitalisation bonds.

4) The growth in bank deposits inched close to double digits for the first time in over a year during the fortnight ended January 4, showed provisional data released by the RBI on Wednesday.The value of deposits with the banking system stood at Rs 120.34 lakh crore at the end of the fortnight, up 9.91% year-on-year (y-o-y).

5) DCB Bank on Wednesday reported a net profit of Rs 86.1 crore, an impressive 51% year-on-year increase, for the quarter ended December 2018. The growth in the net profit was owing to a spike in the net NII and operating income.The bank had reported a net profit of Rs 57.01 crore in the year-ago period.

Business Line:

1) To further improve the ease of doing business in India, the Reserve Bank of India has drawn up a new external commercial borrowing framework allowing all eligible borrowers to raise up to $750 million per financial year under the automatic route, replacing the existing sector-wise limits. The central bank has also expanded the list of eligible borrowers and recognised lenders.

2) An insolvency court in Mumbai has ordered the liquidation of Bharati Defence and Infrastructure Ltd, after rejecting the resolution plan submitted by Edelweiss Asset Reconstruction Co Ltd, stranding two dozen defence vessels and a clutch of lenders owed Rs. 11,373.40 crore by the debt-laden shipbuilder.

3) Engineering goods exports from India to the European Union are likely to be impacted in the first two months of the New Year as 90 per cent of the import quota for steel products fixed by the bloc has been exhausted and a safeguard duty of 25 per cent is set to be imposed on imports beyond the quota.

4) Non-banking financial company Northern Arc Capital announced that it has structured and credit-enhanced India’s first ‘covered bond’ transaction.NCDs issued under the covered bond structure enjoy higher ratings compared to their standalone rating since the structure gives the lender recourse to the underlying asset pool and debt that appears in the issuer’s balance sheet.

5) Bank jobs, a top priority for many job-seekers, may lose their sheen in the days to come due to the macro-economic challenges being faced by public sector banks.The number of vacancies at public sector banks, in the range of 30,000-50,000 for the last seven years, is now expected to come down, according to bankers.

Business Standard:

1) RPower to pay Rs 300 crore for Krishnapatnam UMPP to Andhra Pradesh.Delhi HC refuses RPower plea to stop bank guarantee invocation.

2) Cabinet clears Rs 22,594-crore plan for expansion of Numaligarh refinery.The Cabinet also decided to recapitalise the Exim Bank to the tune of Rs 6,000 crore and to double the authorised capital to Rs 20,000 crore.

3) Sidbi plans to invest in late and growth-stage start-ups from its eighth fund, a Rs 7-10 billion New Horizons Fund, said a senior official. Sidbi's earlier funds focused on early-stage bets in start-ups and the MSME space.

4) The curious case of rising health, education inflation in rural areas.In rural areas, the inflation rate in health rose to 10.14% in December from in 4.7% January.

5) Indian Oil Corp may raise about $3 billion through US dollar bonds issue.IOC is already in market to raise $900 million through a bonds issue.

Live Mint:

1) India to bar private refiners from tapping Iran oil quota.The govt has asked its four state refiners led by Indian Oil Corp. to share the entire 9 millions barrels of Iranian oil available every month under a 180-day waiver from US sanctions.

2) Posh Amrapali flats booked for just Re 1 per sq ft, auditors tell Supreme Court.The audit found that 23 companies were floated in the name of office boys, peons and drivers and these firms were part of Amrapali consortium and were made fronts to divert home buyers’ money.

3) Baring PE Asia may buy NIIT at up to ₹10,000 crore valuation.Post the acquisition, Baring PE Asia plans to merge NIIT Technologies with Hexaware Technologies.

4) Bond slide in India reflects fiscal jitters about farm stimulus.While the government has yet to outline its farm-relief package, media reports have pegged the cost at as much as 3 trillion rupees.

5) Theresa May wins confidence vote, Brexit is still in crisis.UK PM Theresa May has fought off the threat of an immediate national election and won the right to continue running the country when the House of Commons voted 325 to 306 against a motion of ‘no confidence’ in her administration.

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 06:24 AM - Jan 17, 2019 ( )

The government today approved a
capital infusion of Rs 6,000 crore in
state-owned Exim Bank to expand its
business. The Union Cabinet, chaired by
PM Modi, also approved an increase in
the bank’s authorised capital from Rs
10,000 crore to Rs 20,000 crore. -Business Line


RBI Governor Shakkanta Das will meet
industry chambers on Thursday to
understand their issues and concerns. Aer taking over as the 25th Governor of
the RBI last month, he has been holding
consultations with various stakeholders
including banks, NBFCs and MSMEs. -Business Line


The RBI today imposed a Rs 1-crore
penalty on Bank of Maharashtra for
non-compliance of KYC guidelines and
fraud-classificaon norms. This penalty
has been imposed taking into account
the failure of the bank to adhere to
direcotins issued by the RBI, the central
bank said in a statement. -Moneycontrol.com


ICICI Bank today said RBI has given nod
for the reappointment of Vishakha Mulye
as bank's execuve director for 2
years.The reappointment is effecve
from January 19, 2019, ICICI Bank said in
a regulatory filing. -Moneycontrol.com


Jet Airways today said SBI along with
other lenders and stakeholders is
working on a comprehensive resoluon
plan to turnaround the airline. The full
service carrier, which has been grappling
with financial woes, defaulted on loan
repayment to a consorutim of Indian
banks led by SBI on Dec 31, 2018. -Business Line


SBI plans to sell over Rs 15,000 crore
worth bad loans belonging to Essar Steel
to recover its dues from the debt-laden
steel maker. “SBI invites expression of
interest (EoI) from banks/ ARCs/ NBFCs/
FIs for the proposed sale of its non
performing financial asset with total dues
of Rs 15,431.44 crore,” the bank said in
an adversement. -Business Line


DCB Bank posted a 50.8% increase in net
profit at Rs 86.10 crore for the third
quarter ended Dec 31, 2018. The bank
had recorded a net profit of Rs 57.01
crore in the corresponding quarter of the
previous fiscal. -Business Line


In a first for a PSB, the Syndicate Bank is
settng up a plaorm for loan approvals
within 15 minutes. Top officials of the
bank said that loans within limits of ₹5 cr
for housing, retail and MSME segments
can be applied online using the platform
and will be in-principal approved within
15 minutes. -Business Line


Shares of IDFC First Bank, combined
enty formed aer the merger of Capital
First with IDFC Bank, got listed on the
bourses on the NSE and the BSE today. -Business Line


A 12-bank consorum led by SBI has
moved a Mumbai court seeking the
release of Vijay Mallya’s assets that the
Enforcement Directorate has aached so
that these can be sold “immediately” to
realise the best value. The banks urged
the court hearing the Prevenon of
Money Laundering Act (PMLA) case that
the assets be restored to them so that
they can “appropriate the proceeds”
without delay, they said in a joint
applicaon. -Economic Times


The 9-day-old strike by around 32,000
BEST workers was called off today. The
BEST workers’ union earlier on agreed to
call off the sr after accepng the
‘10-step’ pay hike to be granted to them
as an interim measure by the civic
transport undertaking’s management. The Brihanmumbai Electric Supply and
Transport Undertaking (BEST) workers,
its management and other parties
concerned will now go for mediation to
resolve their dispute. The state
government had last week invoked the
Maharashtra Essenal Services
Maintenance Act (MESMA) against the
striking employees. -Business Line


USD/INR 71.24
SENSEX 36321.29 (+2.96)
NIFTY 50 10890.30(+3.50)

New Thread: GLOBAL MARKETS TREND

Yatheendradas C.k. at 06:12 AM - Jan 17, 2019 ( )

European stocks closed  generally higher on Wednesday, as market participants awaited a no-confidence vote in the U.K. government led by Theresa May.The pan-European Stoxx 600 is up 0.54% .The CAC 40 gained 0.51% and the DAX rose 0.36%. The FTSE 100 lost 0.47%.

06:11 IST


From: yatheendradas c.k. at 06:55 AM - Jan 17, 2019( )


U.S. stocks climbed for a second consecutive session Wednesday, lifted by bank stocks as investors parsed the latest batch of corporate earnings. The Dow Jones Industrial Average rose 141.57 points, or 0.59%, to 24,207.16, while the S&P 500 index climbed 5.80 points, or 0.22%, to 2,616.10. The Nasdaq Composite Index advanced 10.86 points, 0.15%, to 7,034.69.

06:54  IST

 

 

From: yatheendradas c.k. at 07:08 AM - Jan 17, 2019( )


Oil prices steadied on Wednesday after a 3 percent rise during the previous session, after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices. il prices steadied on Wednesday after a 3 percent rise during the previous session, after data showed growing.  U.S West Texas crude futures ended Wednesday's session 20 cents higher at $52.31 a barrel.Brent Crude Futures rose 68 cents, or 1.1 percent, to $61.32 per barrel. International Brent crude oil futures up  0.68 cents or1.1% at $61.32.

07:07  IST


From: yatheendradas c.k. at 08:56 AM - Jan 17, 2019( )


Asia Pacific shares gave up early gains on Thursday despite strong quarterly earnings in the U.S.and after the  U.K. government won a parliamentary confidence vote. Worries over China likely weighed on market sentiment.  The Shanghai Composite is up 0.07% while the Hang Seng is up 0.14%. The Nikkei 225 is down 0.20% after erasing early gans. The Kospi is up 0.22% while Australia's benchmark  ASX 200 trading positive at 0.23%.

08:55 IST


From: yatheendradas c.k. at 02:36 PM - Jan 17, 2019( )


European stocks are lower today morning, amid heightened political uncertainty in the U.K. and ongoing concerns over China's cooling economy. The pan-European Stoxx 600 is down around 0.30%. The DAX is down 0.64% while France's CAC 40 is off 0.40% and London's FTSE 100 is lower by 0.36%.

14:36  IST


From: yatheendradas c.k. at 02:41 PM - Jan 17, 2019( )


Asia Pacific sharesclosd mixed on today, despite strong quarterly earnings in the U.S. and after the U.K. government won a parliamentary confidence vote. Worries over China likely weighed on market sentiment. The Hang Seng is down 0.54% while China's Shanghai Composite is off 0.42% and Japan's Nikkei 225 is lower by 0.20%. The Kospi gave up earlier gains and closed flat up 0.05%. The ASX 200 is up 0.36%.


14:41  IST

New Thread: Thoughts for the Day January 17th, 2019

Yatheendradas C.k. at 06:02 AM - Jan 17, 2019 ( )

17th January. 2019t

 

“Once we become conscious, even dimly, of the Atman, the Reality within us, the world takes on a very different aspect. It is no longer a court of justice but a kind of gymnasium. Good and evil, pain and pleasure, still exist, but they seem more like the ropes and vaulting-horses and parallel bars which can be used to make our bodies strong. Maya is no longer an endlessly revolving wheel of pain and pleasure but a ladder which can be climbed to consciousness of the Reality.” 
― Adi Shankaracarya, Shankara's Crest Jewel of Discrimination

New Thread: Sensex, Nifty may open lower

Yatheendradas C.k. at 09:07 AM - Jan 16, 2019 ( )

Share market LIVE updates: Sensex, Nifty may open lower; Jet Airways, Sun Pharma in focus
By: FE Online | Updated:Jan 16, 2019 9:00 am
Share market LIVE updates: The domestic stock markets --Sensex and Nifty--are likely to open lower tracking  global cues. The SGX Nifty was trading 24 points or 0.22% lower at 10,919 points this morning, indicating a lower opening for Sensex and Nifty.
 

Share market LIVE updates: The domestic stock markets –Sensex and Nifty–are likely to open lower tracking  global cues. The SGX Nifty was trading 24 points or 0.22% lower at 10,919 points this morning, indicating a lower opening for Sensex and Nifty.

Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union. MSCI’s broadest index of Asia-Pacific shares outside Japan was off a touch, having swung up on Tuesday after Chinese officials came out in force to signal more measures to stabilise a slowing economy.

Back home, Jet Airways shares will be in focus, ahead of lenders’ meet to explore debt rejig plans. After reports that Etihad Airways may raise its stake in Jet Airways, Qatar Airways said that the airline would definitely look at investing in the Naresh Goyal-promoted airline if 24% stake is not held by the Etihad, Reuters reported citing airline CEO. Sun Pharma shares will also assume focus after global firm Jefferies upgraded the shares, even as new whistle blower complaints emerge, according to an ET Now report. We bring you LIVE updates.

New Thread: Stocks in the news today

Yatheendradas C.k. at 08:53 AM - Jan 16, 2019 ( )

Last Updated : Jan 16, 2019 08:44 AM IST | Source: Moneycontrol.com
Stocks in the news: Zee Entertainment, Indiabulls Integrated, MCX, Majestic Auto, DEN
NGL Fine Chem | Speciality Restaurants | India Grid Trust | Jay Bharat Maruti | Den Networks and Indo Rama Synthetics are stocks which are in the news today.
Moneycontrol News

Here are stocks that are in the news today:

Results on Wednesday: MindTree, Phillips Carbon Black, 5Paisa Capital, Motilal Oswal Financial Services, HT Media, DCB Bank

Zee Entertainment Enterprises Q3: Consolidated profit jumps to Rs 562.8 crore versus Rs 373.77 crore; revenue rises to Rs 2,168 crore versus Rs 1,838 crore YoY.

 
MCX Q3: Consolidated profit jumps to Rs 41.99 crore versus Rs 18.77 crore; revenue increases to Rs 76.93 crore versus Rs 62.81 crore YoY.

 
Indo Rama Synthetics (India): Board announced issuance of 8,30,00,000 equity shares by way of preferential issue on private placement basis to promoter group company, Indorama Netherlands BV at Rs 36 per share aggregating to Rs 29.88 crore and also issuance of 1,72,00,000 equity shares to Siam Stock Holdings Limited at Rs 36 per share aggregating to Rs 61.92 crore on private placement basis.

Den Networks Q3: Loss at Rs 31.21 crore versus profit at Rs 1.73 crore; revenue dips to Rs 308.4 crore versus Rs 328.2 crore YoY.

Jay Bharat Maruti Q3: Profit falls to Rs 11.22 crore versus Rs 14 crore; revenue rises to Rs 458 crore versus Rs 435 crore YoY.

India Grid Trust Q3: Profit at Rs 51.52 crore versus Rs 68.8 crore; revenue rises to Rs 170.96 crore versus Rs 126.72 crore YoY.

Speciality Restaurants Q3: Profit jumps to Rs 8.44 crore versus Rs 6.7 crore; revenue rises to Rs 98.45 crore versus Rs 79.30 crore YoY.

KPIT Technologies: Board fixed January 25 as the record date for the purpose of identification of shareholders of the company to whom the shares of KPIT Engineering Limited would be allotted.

Tinplate Q3Net profit up 21.6% at Rs 15.5 crore, Revenue up 15% at Rs 630.1 crore

Dr Reddy’s Laboratories - Audit of Fonnulations Srikakulum Plant (SEZ) Unit I, Andhra Pradesh by the USFDA, has been completed. Issued a Form 483 with 4 observations, which we are addressing.

Solara Active Pharma board meeting on January 18 to discuss various options for capital raising through issuance of securities

Sasken Technologies launches Automotive Center of Excellence in Detroit, USA

Orient Electric is launching a new ceiling fan in the premium range

M&M: Automobili Pininfarina GmbH, a wholly owned subsidiary of Mahindra Automotive Mauritius which in turn is a wholly owned subsidiary of M&M, has acquired 100% of the membership interests in Harkey Acquisition, L.L.C., USA

NGL Fine Chem: ICRA upgraded long term rating to BBB+ (Stable) and short term rating to A2.

Majestic Auto Q3: Profit at Rs 19.05 crore versus loss Rs 1.7 crore; revenue rises to Rs 35.8 crore versus Rs 13.83 crore YoY.

Vikas Proppant & Granite: Company commenced plant implementation of Unit-1 at industrial area, Boronada, Jodhpur and Unit-2 at Kaparda, Jodhpur.

Nahar Industrial Enterprises: Board approved fund raising by issue of 5.5% non-convertible non cumulative redeemable preference shares.

Sasken Technologies: Company launched Automotive Center of Excellence in Detroit, USA.

Century Plyboards: Company has incorporated a wholly owned subsidiary by the name Century Gabon SUARL in Gabon, South Africa, with the object of manufacturing and trading in timber, veneer, plywood and other wood- based products.

Indiabulls Integrated Services: Subsidiary Indiabulls Life Insurance Company has received regulatory R1 acceptance from Insurance Regulatory and Development Authority of India (IRDAI) for its proposed life insurance business.

SKF India: Buyback opening date - January 23 and closing date - February 5.

Commercial Syn Bags: ICRA assigned long term rating at BBB+/Stable and short term rating at A2+ for line of credit of Rs 86 crore.

Bulk Deals on January 15

Pitti Engineering: Bank of Baroda sold 2,25,000 shares of the company at Rs 61.67 per share while Satish Kumar Agarwal purchased 1,59,941 shares at Rs 62.16 per share on the NSE.

Asian Granito India: GMO Emerging DOM Opportunities FD sold 3,21,523 shares of the company at Rs 130.09 per share on the BSE.

Analyst or Board Meet/Briefings

Oberoi Realty: Board meeting is scheduled on January 22 to consider unaudited financial results for Q3FY19.

Sunflag Iron & Steel: Board meeting is scheduled on January 24 to consider the un-audited financial results (standalone) of the company for the third quarter and nine months ended December 2018.

Yash Papers: Company has arranged a Small-Cap Investor Summit 2019 and Panel discussion on January 19 in Mumbai.

Torrent Pharmaceuticals: Company has scheduled a teleconference with investors / analyst on January 30 to discuss the financial performance of the Company for the quarter and nine months ended December 2018.

Bank of Maharashtra: Board meeting is scheduled on January 23 to consider the unaudited financial results of the bank for the quarter and nine months ended December 2018.

DB Corp: Board meeting is convened to be held on January 23 to consider the un-audited financial results of the company for the 3rd quarter / nine months ended on December 2018 and to consider declaration of interim dividend for the FY2018-19, if any.

GHCL: A conference call to discuss the Q3FY19 results of the company with RS Jalan, Managing Director and Raman Chopra, CFO & Executive Director (Finance) is scheduled to be held on January 22.

Navin Fluorine International: An earnings call will be held on January 24 to discuss operational and financial performance for Q3FY19.

TD Power Systems: Board meeting is scheduled on January 31 to consider the un-audited financial results of the company for the quarter and nine months ended December 2018.

Sterlite Technologies: Board meeting is scheduled on January 24 to consider the un-audited financial results (standalone and consolidated) of the company for the quarter ended December 2018.

Reliance Communications: Board meeting is scheduled on January 23 to consider the unaudited financial results for the quarter and nine months ended December 2018.

Dhampur Sugar Mills: Board meeting has been called on January 30 to consider the un-audited standalone financial results and consolidated financial results of the company for the quarter ended December 2018 and payment of dividend on equity share capital.

Clariant Chemicals (India): Board meeting is scheduled on February 12 to consider the un-audited financial results for the 3rd quarter ended December 2018.

HCL Technologies: Board meeting is scheduled on January 29 to consider the un-audited financial results of the company for the quarter and nine months ended December 2018 and payment of 4th interim dividend for the financial year 2018-19.

BASF India: Board meeting is scheduled on January 23 to consider the unaudited financial results of the company for the quarter and nine months period ended December 2018.

Orient Electric: Board meeting is scheduled on January 28 to consider the un-audited financial results for the quarter and nine months ended December 2018.

TV Today Network: Board meeting is scheduled on February 8 to consider the un-audited financial results of the company for the quarter and nine months ended on December 2018.

Solara Active Pharma Sciences: Board meeting is scheduled on January 18 to discuss various options for capital raising through issuance of securities.

Bhansali Engineering Polymers: Board meeting is scheduled on January 27 to consider the un-audited financial results of the company for the quarter and nine months period ended on December 2018.

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 08:16 AM - Jan 16, 2019 ( )

The Government is not worried over
delinquencies in Mudra Yojana, its
flagship scheme for promoting
entrepreneurship and small businesses as
most of the loans are securised. Financial services secretary Rajiv Kumar
told that small borrowers are far more
responsible and responsive than
large corporate borrowers. -Economic Times


The Union Cabinet in its meeting
scheduled on Wednesday is likely to
consider fund infusion in Exim Bank,
sources said. The meeting, headed by PM
Modi, may take up a host of issues
including a capital infusion of Rs 500
crore in Exim Bank, sources said. The
Government infused Rs 500 crore in Exim
Bank last financial year. -Business Line


In the wake of the IL&FS crisis, there is a
need to review the role of rating agencies
as they connued to rate the NBFC at top
notch investment grade even a day
before it defaulted on its payment
obligaon, a top Finance Ministry official
said. -Business Line


The RBI said it has imposed a monetary
penalty of ₹1 crore on Bajaj Finance for
violaon of Fair Pracces Code applicable
to NBFCs as outlined in its master
direcons for NBFCs, the central bank
said in a statement. -Business Line


The Syndicate Bank has created a
separate vertical comprising around
1,200 of its exisng staffers to recover its
NPAs amounng to around Rs 27,000
crore, said officials today. -Business Line


ICICI Bank Monday inducted former SBI
MD B Sriram on its board as independent
director. Besides, management
consultant Rama Bijapurkar was also
appointed director. Both were appointed
for 5 years, subject to the approval of
shareholders, ICICI Bank said in a
regulatory filing on stock exchanges. Sriram rered as the MD of IDBI Bank in
September 2018. Prior to IDBI Bank, he
was the MD of SBI. -Economic Times


Exports grew marginally by 0.34% to $
27.93 billion in Dec 2018 on account of
negave growth in sectors such as
engineering and gems & jewellery,
according to commerce ministry data.
Imports, however, dipped by 2.44% to $
41 billion during the last month,
narrowing the trade deficit to $ 13
billion.The trade deficit stood at $ 14.2
billion in December 2017. -Business Line


Job security irrespecve of performance
is the aracon of government jobs,
Railway Minister Piyush Goyal said,
adding that the sheer volume of those
who apply for such jobs should not be
seen as lack of other job opportunities in
the country. -Business Line


USD/INR 71.03
SENSEX 36318.33 (+464.77)
NIFTY50 10886.80 (+149.20)

New Thread: GLOBAL MARKETS TREND

Yatheendradas C.k. at 06:18 AM - Jan 16, 2019 ( )

European shares finished higher  on Tuesday after China signaled more stimulus measures to soften the blow from a tariff war with the United States. The Stoxx Europe 600 gained 0.3.5% to close at 348.71, after finishing down 0.5% on Monday. France’s CAC 40 closed 0.49% higher at 4,786.17, the U.K.’s FTSE 100rose 0.58% to end at 6,895.02 and Germany’s DAX added 0.33% to 10,891.79.

A landmark vote over May’s divisive agreement for Brexit  took place at 10:30 p.m. (after closure of markets) local time in the U.K. on Tuesday. The leader Theresa May suffer resounding defeat on her Brexit divorce deal.

06:18 IST 

 


From: yatheendradas c.k. at 06:28 AM - Jan 16, 2019( )


U.S. stocks closed higher on Tuesday as hopes of more stimulus for China’s slowing economy fostered a risk-on mood among investors. The S&P 500 rose 27.69 points or 1.07% to end around 2,610.30. The Dow Jones Industrial Average  advanced 155.75 points, or 0.65%, to 24,065,59. The Nasdaq Composite climbed 117.52 points or 1.71% to finish near 7,023.83. 

06:27 IST


From: yatheendradas c.k. at 06:40 AM - Jan 16, 2019( )


Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China's plan to introduce policies to stabilize a slowing economy.U.S. West Texas Intermediate  ended Tuesday's session up $1.60, or 3.2%t, to $52.11. Brent Crude Oil was up $1.65, or 2.80%, at $60.64 per barrel.

06:40 IST


From: yatheendradas c.k. at 08:38 AM - Jan 16, 2019( )


Asia Pacific markets trading cautiously on today despite an overnight rally on Wall Street as investors assessed fresh uncertainties surrounding the U.K.'s withdrawal from the European Union. The Shanghai Composite is off 0.22% while the Hang Seng is down 0.310. The Nikkei 225 is down 0.69%. The Kospi is trading near flat at 0.13% . The ASX 200 trimmed fractional gains to trade flat at  0.12.

08:37 IST


From: yatheendradas c.k. at 08:50 AM - Jan 16, 2019( )


SGX Nifty Futures in Singapore Exchange is trading with a  loss 11.00 points or 0.01% at 10.931.00 


08:49 IST


From: yatheendradas c.k. at 08:56 AM - Jan 16, 2019( )


Our Markets are likely to open flat/negative on today following muted trend seen in other Asian markets. Further, trends on SGX Nifty indicate a negative opening of the Indexes.

08:56 IST


From: yatheendradas c.k. at 02:41 PM - Jan 16, 2019( )


European stocks are mixed today morning, with market participants assessing their options after British lawmakers voted against Prime Minister Theresa May's Brexit  deal by a crushing margin.  The pan-European  Stoxx 600  is up around 0.32%.  The CAC 40 is up 0.44% while the DAX losses 0.04%. The FTSE 100 is off 0.12%.

 

14:41 IST


From: yatheendradas c.k. at 02:48 PM - Jan 16, 2019( )


Asia Pacific markets closedmixed on today despite an overnight rally on Wall Street as investors sifted through fresh uncertainties surrounding the U.K.'s withdrawal from the European Union. he Hang Seng gained 0.27%, while Japan's Nikkei 225 was off 0.55%. Shares in China were unchanged with the Shanghai Composite at 2,570.42. The Kospi rose  0.43%. TheASX 200 added 0.35%.

14:48 IST


From: yatheendradas c.k. at 03:02 PM - Jan 16, 2019( )


U.S. stock futures are slightly higher on Wednesday, following a parliamentary defeat for British Prime Minister Theresa May's Brexit deal. Dow futures are 66 points higher as of  04:20 a.m. ET, indicating a 16.41 point rise at the open, while S&P 500 and Nasda q futures are also higher.

15:01 IST

New Thread: Thoughts for the Day January 16th, 2019

Yatheendradas C.k. at 06:05 AM - Jan 16, 2019 ( )

16th January, 2019
 
“Like the appearance of silver in mother of pearl, the world seems real until the Self, the underlying reality, is realized.” 
― Shankaracharaya

New Thread: Sensex, Nifty may open higher

Yatheendradas C.k. at 09:05 AM - Jan 15, 2019 ( )

Share market LIVE updates: Sensex, Nifty may open higher; IndiGo, Wipro among shares in focus
By: FE Online | Updated:Jan 15, 2019 9:03 am
The SGX Nifty was trading 47 points higher or 0.44% at 10,816 points this morning, indicating a higher opening for Sensex and Nifty.
 

 
Share market LIVE updates: The SGX Nifty was trading 47 points higher or 0.44% at 10,816 points this morning, indicating a higher opening for Sensex and Nifty.
Share market LIVE updates: The domestic stock markets –Sensex and Nifty–are likely to open positive tracking positive global cues. The SGX Nifty was trading 47 points higher or 0.44% at 10,816 points this morning, indicating a higher opening for Sensex and Nifty.Asian shares were on back foot on Tuesday as an unexpected drop  in China’s exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government’s Brexit plan, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat in early trade while Japan’s Nikkei fell 0.7 percent after a market holiday on Monday.

Back home, shares of Wipro will be in focus, even as the IT major is set to consider a bonus issue program on 18th January. IndiGo shares will also be in focus after Credit Suisse has maintained a neutral stance on the shares with a target price of Rs 1,075. We bring to you LIVE updates.

New Thread: GLOBAL MARKETS TREND

Yatheendradas C.k. at 05:56 AM - Jan 15, 2019 ( )

European shares in reverse on Monday after shock China data triggered global economic concerns.  Stoxx Europe 600SXXP, -0.48% losing 0.48% to 347.51. France’s CAC 40 dropped 0.39% to 4,762.75, the U.K.’s FTSE 100 fell 0.01% to 6,855.02and Germany’s DAX 30 lost 0.29% to 10,855.91.

05:56 IST


From: yatheendradas c.k. at 06:02 AM - Jan 15, 2019( )


U.S. stocks fell Monday, notching their second straight session of losses, after downbeat Chinese economic data added to signs of slowing growth around the world. Major indexes began the day lower and never managed to break higher, weighed down by a report showing China’s exports unexpectedly slid in December.  The Dow Jones Industrial Average slid 86.11 points, or 0.36%, to end at 23,909.84, while the S&P 500 index fell 13.65 points, or 0.53%, to 2,582.61. The Nasdaq Composite Index dropped 65.56 points, or 0.94%, to close at 6,905.92.

06:02   IST


From: yatheendradas c.k. at 06:10 AM - Jan 15, 2019( )


Oil prices fell Monday on the back of weak Chinese trade data, which provided a fresh signal the world’s second-largest economy is slowing.  West Texas Intermediate futures, the U.S. oil standard, ended down  $1.08 or 2.1% at $50.51 a barrel on the New York Mercantile Exchange. March Brent crude fell $1.49, or 2.46%, to $58.99 a barrel on ICE Futures Europe.

06:09  IST


From: yatheendradas c.k. at 08:20 AM - Jan 15, 2019( )


Asia markets trade higher as investors wait on crucial Brexit vote. Gains in Asia came despite declines on Wall Street overnight. The Shanghai Composite is up 0.28% while the Hang Seng is up 1.48%. The Nikkei 225 is up 0.85%. The Kospi  gained 1.31. The ASX 200 is up 0.45%.

08:19 IST


From: yatheendradas c.k. at 08:53 AM - Jan 15, 2019( )


SGX Nifty in Singapore Exchane is trading 59.00 points or 0.54% up at 10.828.00

 

08:52  IST


From: yatheendradas c.k. at 08:53 AM - Jan 15, 2019( )


SGX Nifty in Singapore Exchane is trading 59.00 points or 0.54% up at 10.828.00

 

08:52  IST


From: yatheendradas c.k. at 09:02 AM - Jan 15, 2019( )


Our Markets are likely to open higher on today following positive  trend seen in other Asian markets.

09:02  IST


From: yatheendradas c.k. at 09:02 AM - Jan 15, 2019( )


Our Markets are likely to open higher on today following positive  trend seen in other Asian markets.

09:02  IST


From: yatheendradas c.k. at 03:02 PM - Jan 15, 2019( )


Asia Pacific markets closed higher toay despite lingering concerns over an economic slowdown in China, which dampened sentiment at the start of the week.  The Hang Seng is up 2.02% while China's Shanghai Composite is up 1.36% and Japan's Nikkei 225 is up 0.96%. The Kospi is down 1.58%. The ASX 200 cloded up 0.71%.

15:02  IST


From: yatheendradas c.k. at 03:08 PM - Jan 15, 2019( )


European markets move higher ahead of crucial Brexit vote.  The pan-European Stoxx 600 is up by 0.36%. The CAC 40 is up 0.52% while Germany's DAX is up 0.26% and London's FTSE 100 is up 0.24%. 

15:07   IST


From: yatheendradas c.k. at 05:58 PM - Jan 15, 2019( )


U.S. stock futures pointed to a rebound on Tuesday, as positive headlines around China alleviated fears of an impending slowdown in the world's second-largest economy. But redused the gains after JP Morgan shares fall on profit miss. As of 7:15 a.m. ET, Dow Jones Industrial Average futures trading 2 points higher, indicating a 10.84 point loss at the open. S & P 500 and  Nasdaq 100 futures are also slightly higher.

17:57  IST

New Thread: Thoughts for the Day January 15th, 2019

Yatheendradas C.k. at 05:42 AM - Jan 15, 2019 ( )

15th January. 2019
“Let my idle chatter be the muttering of prayer, my every manual movement the execution of ritual gesture, my walking a ceremonial circumambulation, my eating and other acts the rite of sacrifice, my lying down prostration in worship, my every pleasure enjoyed with dedication of myself, let whatever activity is mine be some form of worship of you.” 
― Adi Shankaracarya, The Saundaryalahari or Flood of Beauty

New Thread: December retail inflation drops

Yatheendradas C.k. at 10:15 PM - Jan 14, 2019 ( )

December retail inflation drops to 18-month low, industry calls for rate cut by RBI
By: PTI | Published: January 14, 2019 9:50 PM  The FinancialExpress
According to the data released by the Ministry of Statistics and Programme Implementation, food inflation remained in the negative zone at 2.51 per cent compared to (-) 2.61 per cent in November.

Continued decline in food prices pulled down retail inflation to an 18-month low of 2.19 per cent in December 2018, creating headroom for the RBI to cut interest rate in its monetary policy review next month. Another set of official data showed that the wholesale inflation too eased to an eight-month low of 3.80 per cent in December on softening fuel and food prices. The inflation based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017. According to the data released by the Ministry of Statistics and Programme Implementation, food inflation remained in the negative zone at 2.51 per cent compared to (-) 2.61 per cent in November.

The rate of price rise in vegetables, fruits and protein-rich eggs continued to decline. However, there was a marginal increase in the prices of meat, fish, and pulses. Fuel and light inflation was 4.54 per cent in December, down from 7.39 per cent in November on back of reduction in prices of petrol and diesel. The Reserve Bank of India, which mainly factors in retail inflation, has been tasked by the government to maintain the inflation near 4 per cent.

The central bank, under new Governor Shaktikanta Das, is scheduled to announce the next set its bi-monthly monetary policy on February 7 and industry expects that it will cut the key lending rate. Commenting on the data, industry chamber CII said the decline in the inflation reading, which is well within the central bank’s medium-term inflation target, should induce the RBI to resume the accommodative policy stance to trigger the investment cycle and support growth by lowering the borrowing costs of industry. The factory output based on movement in Index of Industrial Production (IIP) slumped to a 17-month low of 0.5 per cent in November on account of contraction in the manufacturing sector, particularly consumer and capital goods.

Another industry body Assocham also made a case for easing of policy stance by the RBI. In its December monetary policy review, the RBI had kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise. Having raised rates twice this year, the central bank had retained its ‘calibrated tightening’ policy stance. Shubhada Rao, Chief Economist, Yes Bank expects that going forward the inflation is expected to be closer to 3.5- 3.7 per cent band. “This paves way for the MPC to not just change its stance to neutral but also mull over a possible rate cut. The inflation trajectory looks below 4 per cent over the next quarter,” he said. Wholesale inflation continued to decline for the second consecutive month in December due to cheaper fuel and vegetables. The Wholesale Price Index-based inflation was 4.64 per cent in November 2018 and 5.54 per cent in October. In December 2017, WPI inflation stood at 3.58 per cent.

Deflation in food articles stood at 0.07 per cent in December, against 3.31 per cent in November. Vegetables continued the deflationary trend for six months and prices declined 17.55 per cent in December, compared to 26.98 per cent contraction in the previous month. Inflation in the ‘fuel and power’ basket in December slumped to 8.38 per cent, nearly half of 16.28 per cent in November. This was on account of lowering of prices of petrol and diesel through December. “The continuing deceleration in the growth of WPI and softening of global fuel prices provide ample opportunity to MPC (monetary policy committee) to cut down policy rate at earliest which will kick start investment and revival in overall industrial growth,” Assocham said.

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 10:12 PM - Jan 14, 2019 ( )

The Government is readying steps to reward top-performing employees of PSBs, apart from a board-driven appraisal of the top management and governance reforms, while identifying banks such as Indian Overseas Bank  and Punjab & Sind Bank for focus on niche banking, a top government official said.
-Economic Times

The government will slowly reduce its stake in PSBs to 52% in the coming months after a series of recapitalisation pushed up its shareholding, financial services secretary Rajiv Kumar told. While the next round of capital will be given after the parliamentary sanction for disbursal of additional funds is received, the sale of non-core business and closing down of overseas operations of some of the banks will help them meet funding requirements, he said.
-Economic Times

The finance ministry and the RBI are expected to soon work out some relaxation in the prompt corrective action (PCA) framework for stressed banks. This will be available only to those banks that have shown considerable improvement in addressing  bad loans.
-Economic Times

The RBI is working on a set of rules that would link remuneration of banks CEOs to parameters like balance sheet size of a bank, loan delinquency, profits and governance record. The proposed framework is expected to provide a broad template to the board of directors of banks while approving increase in salary, performance bonus and stock options to the senior most executive. The regulatory guidance that exists today is a general directive on the remuneration of senior officials in broad functions like ‘business’, ‘control’ and ‘risk’. What is being considered is one that specifically relates to CEO compensation.
-Economic Times

The finance ministry and the RBI are expected to soon work out some relaxation in the prompt corrective action (PCA) framework for stressed banks.This will be available only to those lenders that have shown considerable improvement in addressing bad loans.
-Economic Times

The State Bank of Mauritius (SBM) has filed a complaint with the Singapore police to track down unknown  hackers  who allegedly withdrew Rs 19 crore from its branch in Mumbai. A complaint about the hack was first filed with the Mumbai police in Nov 2018. SBM had alleged then that its SWIFT payment gateway had been hacked on October 2 in an attempt to transfer Rs 147 crore. Although the attempt was stopped after one of the 4 remitting foreign banks raised queries about the transaction with SBM, the bank had lost close to Rs 19 crore by then, the police said.
-Economic Times

Nepal SBI Bank, a subsidiary of SBI, has posted a net profit of Rs 202.35 crore in 2017-18 and mobilised total deposit of Rs 8,422.73 crore, the bank announced at its Annual General Meeting concluded here today. During the 25th Annual General Meeting, the bank announced 10.79% cash dividends and 5% bonus shares to its shareholders out of the profit earned last year.
-Moneycontrol.com

Kotak has come out with its third quarter (Oct-Dec 18) earnings estimates for the Banks & Diversified Financials sector. The brokerage house expects Canara Bank to report net profit at Rs. 330 crore up 162.4% year-on-year (up 10.2% quarter-on-quarter). Net Interest Income is expected to decrease by 6.7% Y-o-Y (up 4.6% Q-o-Q) to Rs. 3,432.9 crore, according to Kotak. Pre Provision Profit (PPP) is likely to fall by 22.2% Y-o-Y (down 5.4% Q-o-Q) to Rs. 2,202.8 crore.
-Moneycontrol.com

The Bombay High Court today questioned the Enforcement Directorate's request to stay the demolition order for fugitive jeweller Nirav Modi's illegal bungalow at Alibaug in the adjoining Raigad district. A division bench of Chief Justice N H Patil and Justice N M Jamdar was hearing a public interest litigation (PIL) filed in 2009 by Shambhuraje Yuvakranti of the Akhil Bhartiya Maratha Seva Sangha on the issue.
-Economic Times

Inflation based on wholesale prices fell to a 8-month low of 3.80% in Dec, 2018, on softening prices of fuel and some food items. The Wholesale Price Index (WPI)-based inflation stood at 4.64% in Nov, 2018, and 3.58% in Dec 2017.
-Business Line

Petrol price breached the Rs 70 a litre-mark and diesel crossed Rs 64-mark on Monday after rates were hiked for the fifth consecutive day on rising input cost.
-Business Line

USD/INR 70.86
SENSEX 35853.56
NIFTY 50 10737.60

New Thread: FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 06:00 AM - Jan 14, 2019 ( )

The RBI has raised a red-flag on the spike
in NPAs under the government's flagship
scheme to support micro enterprises in
the country -- the Pradhan Mantri Mudra
Yojana. According to Finance Ministry
sources, RBI has cautioned the ministry
that the scheme might turn-out to be the
next big source of NPAs, which have
plagued the banking system. -Economic Times


The RBI remained a net seller of dollars in
November 2018, as it sold USD 644
million of the greenback on a net basis in
the spot market, according to the latest
data from the Central bank. -Business Line


IDFC Bank said, in a BSE filing, its name
has been changed to IDFC First Bank Ltd
with effect from Saturday. -Economic Times


J&K Bank has reported a 43% increase in
net profit for the quarter ended Dec 31,
2018 at Rs 103.75 crore (Rs 72.47 Cr). -Business Line


Only 22% of the minority shareholders of
IDBI Bank exercised their option of
existing the Co in the open offer floated by
LIC, which is taking majority stake in the
IDBI Bank, sources said. Bulk of the
minority shareholders, however,
connue to hold the shares of IDBI Bank
indicating their faith in the new
management, they said. -Business Standard


Syndicate Bank hopes to recover about
Rs 1,500 Crore from NPAs over the next 3
to 6 months, CEO&MD of the bank
Mrutyunjay Mahapatra said. -Business Standard


UPI crossed the Rs one trillion milestone
for monthly value in December, growing
nearly eight times over the previous year.
It also achieved a monthly volume of
over 600 million, 4 times the volume of
UPI transacons in Dec 2017, according
to data released by NPCI. -Business Standard


The Government has re-promulgated an
ordinance to amend the companies law
to further improve the ease of doing
business as well as ensure better
compliance levels. Since the Bill to make
amendments to the Companies Act,
2013, is pending in the Rajya Sabha, the
ordinance has been re-promulgated. The
Lok Sabha passed the Bill on January 4. -Business Line


Bank of China's New York branch will
enable Chinese firms to receive payment
in yuan rather than dollars from their
sales on US e-commerce plaorms this
year, the official Xinhua news agency
reported on January 13. -Moneycontrol.com


LIC's market share fell below 70% in the
FY ended March 2018 as private insurers
get more aggressive, said the annual
report of the IRDAI. The market share of
private insurers increased to 30.64% in
2017-18, from 28.19% in 2016-17. -Business Line


Transport fuel rates were hiked for the
fifth me this month and saw their
steepest rise today. Oil markeng
companies increased petrol rates by
49-60 paise per litre today,
while diesel prices were raised by 59-75
paise across the major metros. -Economic Times

Reply for: Untimely demise of my mother

Yatheendradas C.k. at 09:04 AM - Jan 08, 2019 ( )

Heart felt condolances , Dear Alex. I pray for the departed soul to rest in peace

Reply for: MARKET OUTLOOK

Yatheendradas C.k. at 01:30 PM - Jan 05, 2019 ( )

Negative news will normally cause individuals to sell stocks, will translate to selling pressure and a decrease in stock price. or a positive news will normally cause individuals buy stocks  translate into buying pressure and an increase in stock price. I am afaraid, U.S markets are more  sensitive and impulsive to the news as the memories are short !!!! Unfornunatly, as you dobuted U.S. influence the Global Markets. Eg. Many markets were not effcted with Apple contraversy but repercucssions were felt in the markets all over the world. The so called developed nations have a hidden agenda to control markets of developing/third world countries.

 

Rakesh Padhi at 09:45 AM - Jan 05, 2019 ( )

US market does not move with any fundamentals. US market need a news everynight. For them yesterday economy was bad and today economy imporvide just because job report and some one from FED gave a statement. Not sure what on card next but we idiot indian follow there news based move is very disappointing. Is US market/new driving global market !!

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 10:18 PM - Dec 18, 2018 ( )

V r different !!!

 

Parsuvanath Jain at 03:19 PM - Dec 18, 2018 ( )

But Indian MKT is showing Streghth +++++

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:14 AM - Oct 17, 2018 ( )

Trends on SGX Nifty indicate a gap-up opening fof pur Markets furher the asian/globel nmarkets re alos higher a gain of 72.25 points or 0.69% percent. Nifty futures were trading around 10,584.75 level on the Singaporean Exchange.  Furher the asian/globel nmarkets re alos higher 

09:12 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:18 AM - Oct 01, 2018 ( )

Sorry ,Market regulator Sebi deferred the October 1 deadline for the extension of trading hours 

 

Sanjeev Kumar at 09:08 AM - Oct 01, 2018 ( )

Sir kindly put some light on market timing as it has changed from today to onward

 

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:13 AM - Oct 01, 2018 ( )

 

Good news for equity derivatives traders, market regulator Securities and Exchange Board of India (Sebi) has allowed stock exchanges to extend timing of equity derivatives trading till 11:55 pm with effect from October 1, 2018.

Sanjeev Kumar at 09:08 AM - Oct 01, 2018 ( )

Sir kindly put some light on market timing as it has changed from today to onward

 

Markets can re-test Friday’s low  given liquidity and asset-liability mismatch concerns.  Derivatives and technical analysts feel the market could re-test lows of Friday.  Traders and investors wanting to hedge their risk from a falling market could do a bear put spread on  options expiring on September 27. Lets wait and watch the situation. 

 

 

 

 

 

Frequent negative news appearing about the air line !!!!!

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:05 AM - Aug 27, 2018 ( )

Our Markets are likely to open with a gap on Monday following positive trend seen in other Asian marketsand Global Marke Trends on SGX Nifty indicate a positive opening for the indexes in India

09:05 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 09:01 AM - Aug 27, 2018 ( )

SGX NIFTY Nifty futures were trading around 11,617- level UP 46.50 POINTS OR 40% on the Singaporean Exchange

08:59 IST

Reply for: Hexaware Technologies crashes 19%

Yatheendradas C.k. at 08:17 AM - Aug 27, 2018 ( )

Thaku Sri. Sudararajan

 

Reply for: Hexaware Technologies crashes 19%

Yatheendradas C.k. at 10:45 PM - Aug 25, 2018 ( )

I can not predict anything in this mattter. I have placed the information available in public domin for information on one and all

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 03:20 PM - Aug 23, 2018 ( )

Stocks in Europe hovered around the flatline Thursday morning after Beijing implemented new retaliatory tariffs against the United States.At Present, the pan-European  Stoxx 600 is marginally higher by 0.16%. The CAC 40 is up 0.18% while Germany's DAX is up 0.02% and London's FTSE 100 is up 0.02%.

15:19 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 08:52 AM - Aug 17, 2018 ( )

Asia markets advanced on Friday, following a strong lead in from Wall Street and positive news on the U.S.-China trade front. Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.08% while the Hang Seng is up 0.53%. The Nikkei 225 is trading up by 0.52%.  In South Korea, the Kospi rose by 0.29%. In Australia  the  ASX 200 remained largely flat to edge around 0.14%.

08:51 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 08:58 AM - Aug 13, 2018 ( )

Our Markets are likely to have a gap down opening on to day following muted trend seen in other Asian /Global markets. Further rends in SGX Nifty  too indicate a negative opening 

08:53 IST

Reply for: GLOBAL MARKETS TREND

Yatheendradas C.k. at 08:54 AM - Aug 13, 2018 ( )

The SGX Nifty in Singapore is at 11634.50 fell of 67 points or 0.59%.

08:53 IS 

Threads by Yatheendradas C.k.
TitleDate
Sensex, Nifty may open higher [1 ] Market Outlook 18 Jan, 2019
Stocks in the news today [1 ] Market Outlook 18 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 18 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 18 Jan, 2019
Thoughts for the Day January, 18th, 2019 [1 ] General Discussion 18 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 17 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 17 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 17 Jan, 2019
Thoughts for the Day January 17th, 2019 [1 ] General Discussion 17 Jan, 2019
Sensex, Nifty may open lower [1 ] Market Outlook 16 Jan, 2019
Stocks in the news today [1 ] Market Outlook 16 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 16 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 16 Jan, 2019
Thoughts for the Day January 16th, 2019 [1 ] General Discussion 16 Jan, 2019
Sensex, Nifty may open higher [1 ] Market Outlook 15 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 15 Jan, 2019
Thoughts for the Day January 15th, 2019 [1 ] General Discussion 15 Jan, 2019
December retail inflation drops [1 ] General Discussion 14 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 14 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 14 Jan, 2019
Thoughts for the Day January 14th, 2019 [1 ] General Discussion 14 Jan, 2019
Key drivers for market this week: [1 ] Market Outlook 13 Jan, 2019
Thoughts for the Day January 13th, 2019 [1 ] General Discussion 13 Jan, 2019
Market outlook: Indices consolidate in a range [1 ] Market Outlook 12 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 12 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 12 Jan, 2019
Thoughts for the Day January 12th, 2019 [1 ] General Discussion 12 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 11 Jan, 2019
Industrial production falls to 19-month low [1 ] General Discussion 11 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 11 Jan, 2019
Sensex, Nifty likely to open positive [1 ] General Discussion 11 Jan, 2019
Stocks in the news today [1 ] Market Outlook 11 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 11 Jan, 2019
Thoughts for the Day January 11th, 2019 [1 ] General Discussion 11 Jan, 2019
Sensex, Nifty likely to open positive [1 ] Market Outlook 10 Jan, 2019
Stocks in the news today [1 ] General Discussion 10 Jan, 2019
US, China trade talks conclude on positive note [1 ] General Discussion 10 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 10 Jan, 2019
Thoughts for the Day January 10th, 2019 [1 ] General Discussion 10 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 09 Jan, 2019
Sensex, Nifty likely to open higher on global cues [1 ] Market Outlook 09 Jan, 2019
Stocks in the news today [1 ] Market Outlook 09 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 09 Jan, 2019
Thoughts for the Day January 9th, 2019 [1 ] General Discussion 09 Jan, 2019
Sensex, Nifty may open negative [1 ] Market Outlook 08 Jan, 2019
Stocks in the news today [1 ] Market Outlook 08 Jan, 2019
GLOBAL MARKETS TREND [1 ] Market Outlook 08 Jan, 2019
Thoughts for the Day January 8th, 2019 [1 ] General Discussion 08 Jan, 2019
FINANCIAL NEWS IN A NUTSHELL [1 ] General Discussion 07 Jan, 2019
Sensex, Nifty may open strong on positive global cues [1 ] Market Outlook 07 Jan, 2019
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