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China cuts interest on 1-year medium-term loans for first time since April 2020, analysts point to more easing ahead

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In an unexpected move today, the People’s Bank of China lowered interest rate on 700 billion yuan worth of 1-year medium-term lending facility to some financial institutions by 10 bps to 2.85% from 2.95 percent

China Cuts Interest On 1-year Medium-term Loans For First Time Since April  2020, Analysts Point To More Easing Ahead

China’s central bank on January 17 unexpectedly cut the borrowing costs of its medium-term loans for the first time since April 2020, while some market analysts expect more policy easing this year to cushion an economic slowdown, Reuters reported.

The People’s Bank of China (PBOC) said it was lowering the interest rate on 700 billion yuan ($110.19 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points to 2.85 percent from 2.95 percent in previous operations, it said.

Thirty-four out of the 48 traders and analysts, or 70 percent of all participants, polled by Reuters last week predicted no change to the MLF rates in January, with the rest betting on a rate cut.

The world’s second-largest economy has shown signs of slowing after a rapid rebound from the COVID-19 slump, with concerns about the financial health of property developers and the rapid spread of the Omicron coronavirus variant clouding the outlook.

“The PBOC’s decision to ease early in January suggested that economic downward pressure intensified at end-2021 and room for improvements in the first quarter of this year is not huge,” said Ken Cheung, chief Asian FX strategist at Mizuho Bank.

Cheung expects that the PBOC could deliver more easing measures this year than previously expected by market analysts.

Such expectations were also reflected in the bond market, with China’s 10-year treasury futures rising to their highest level since June 2020 and the yield on China’s benchmark 10-year government bonds falling more than 2 basis points in early trade.

Market analysts said the size of the rate cut and the timing were a big surprise, and they believe further monetary stimulus could follow.

“The 1Y LPR signaled that another rate cut was coming,” said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong.

“However, the 10 bps cut was larger than expected, suggesting that the authorities have become more preoccupied about weakness in the economy,” he said, adding he also expects an additional 100 bps reduction to banks’ reserve requirement ratio (RRR) this year.

With 500 billion yuan worth of MLF loans maturing on January 17, the operation resulted in a net injection of 200 billion yuans into the banking system.

The central bank also lowered the borrowing costs of seven-day reverse repurchase agreements, or repos, by the same margin to 2.10 percent from 2.20 percent, when it offered another 100 billion yuan worth of reverse repos into the banking system.

Meanwhile, China posted 8.1 percent GDP growth in 2021, with the Q4 expansion at the lowest of 4 percent, government data showed on January 17. The abrupt slowdown in the second half is prompting suggestions that Beijing needs to shore up slumping growth.



Top cryptocurrency news on January 15: The biggest moves in Bitcoin, crypto taxes and more

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A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

Top Cryptocurrency News On January 5: The Biggest Moves In Crypto Taxation,  NFTs And More

Bitcoin trading above Rs 34 lakh

Cryptocurrencies traded in the green early on January 15. The global cryptocurrency market cap is $2.05 trillion, up 0.53 percent over the previous day. The total crypto market volume over the last 24 hours was $84.28 billion, marking a 16.66 percent decrease. The total volume in DeFi is $12.76 billion, 15.14 percent of the total crypto market 24-hour volume. The volume of all stable coins is $67.57 billion, a 80.17 percent of the total crypto market 24-hour volume. Bitcoin's price is Rs 34 lakh and its dominance is 39.56 percent, a decrease of 0.14 percent over the day. Read full here


Budget 2022: How will the government tax crypto-related income?


The Indian crypto community is keenly awaiting tax measures on crypto-related income in the Budget 2022 which, is set to unveil on February 1. According to reports, the government is seeking advice from various taxation experts on this matter. While the much-awaited cryptocurrency bill, which was to be presented in Parliament during the winter session in 2021, has been delayed, the Centre is seeking to define taxation of incomes earned by trading or investing in cryptocurrencies. Reportedly, the Centre is mulling whether income from crypto-related activities can be treated as business income or capital gains. The bill treats cryptocurrencies as a commodity and proposes to segregate virtual currencies on a use-case basis. Read details here.


Dogecoin value jumps after Elon Musk says it can be used to buy Tesla merchandise


A five-word tweet by billionaire Elon Musk led to a massive cryptocurrency jump in the value of meme-based cryptocurrency dogecoin. Musk said on January 14 that Tesla Inc merchandise can be bought using the dogecoin. One unit of dogecoin was trading at $0.1981 at the time of writing this report. The value had jumped by over 26 percent. “Tesla merch buyable with Dogecoin,” the electric-car maker’s Chief Executive Officer said in a tweet. In no time, #dogecoin shot to the list of top trending hashtags on Twitter. Musk is known for influencing the value of dogecoin through his remarks on social media. Take a look.


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OnePlus 9RT India launch event today at 5 PM: Where to watch the livestream

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OnePlus 9RT India price and sale date will be announced at the launch event.OnePlus 9RT India Launch Event Today At 5 PM: Where To Watch The LivestreamOnePlus 9RT launch in India is scheduled to begin at 5 PM local time. The company will unveil its premium smartphone via a virtual event. The OnePlus 9RT is launching in India days after the firm announced the OnePlus 10 Pro in China. At the OnePlus 9RT launch event in India, the company will also unveil the OnePlus Buds Z2. 

OnePlus 9RT launch in India: Where to watch the livestream

The OnePlus 9RT launch event in India will be hosted virtually. The company will host the event on its official website. Alternatively, viewers can also watch the OnePlus 9RT India launch event on the company’s official YouTube channel. 

Viewers will also be able to watch the launch event on Facebook and Twitter. To watch the OnePlus 9RT launch event on Facebook, click here. 

OnePlus 9RT India specifications 

The OnePlus smartphone was first unveiled in China in 2021. It is likely to come with the same specs in India. The phone features a Snapdragon 888 SoC, a 4500 mAh battery, and a triple-camera setup on the back. It has a 120Hz AMOLED display as well. Click here to know the OnePlus 9RT specifications and features.

OnePlus 9RT price in India

As per leaks, the OnePlus 9RT price in India will be lower than that of the OnePlus 9 (Review). The device will launch in two storage options with the base variant priced at Rs 42,999. The official pricing and availability details will be announced at the OnePlus 9RT launch event.

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Britain and India to formally launch trade talks

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Britain has made a deal with India one of its post-Brexit priorities as, free from the European Union’s common trade policy, ministers look to gear trade policy towards faster-growing economies around the Indo-Pacific region.Britain And India To Formally Launch Trade Talks

Britain and India will on Thursday formally launch free trade agreement talks in New Delhi, seeking freer movement of goods and people with a deal projected to increase bilateral trade by billions of pounds.

Britain has made a deal with India one of its post-Brexit priorities as, free from the European Union’s common trade policy, ministers look to gear trade policy towards faster-growing economies around the Indo-Pacific region.

Indian trade minister Piyush Goyal and his British counterpart Anne-Marie Trevelyan will meet in New Delhi on Thursday, with the first round of negotiations beginning next week.

"A deal with India is a golden opportunity to put UK businesses at the front of the queue as the Indian economy continues to grow rapidly," Trevelyan said in a statement.

Britain said the deal could almost double British exports to India, and by 2035 boost total trade by 28 billion pounds ($38.3 billion) per year. Total trade in 2019 was worth 23 billion pounds, according to British statistics.

Ministers want to tap into the wealth of India’s middle classes and their appetite for premium British products like Scotch Whisky. They also hope India can become a big customer of its green technology industry, and that existing service sector trade routes can be strengthened.

India and former colonial power Britain already share strong trade ties, and more than a million people of Indian origin live in Britain after decades of migration.

Also Read:- Swing Trading in Stocks, Forex, and Cryptocurrencies

India is seeking greater opportunities for Indians to live and work in Britain, and any trade deal could be contingent on relaxing rules and lowering fees for Indian students and professionals going to Britain.

Lower-tariff access to Indian markets in exchange for freer movement is expected to form a key dynamic in the talks and will test Britain’s negotiating power, with any concession on immigration likely to face domestic opposition.

The two parties have already negotiated an enhanced trading partnership, announced last year, and could opt to sign a limited-scope interim free trade agreement while wider negotiations continue.

Swing Trading in Stocks, Forex, and Cryptocurrencies

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When it comes to entering the market, investors use a range of trading tactics to achieve a variety of objectives. Many investors want to invest for the long term, while others prefer to invest for the short term. There are many other methods available on the market, but Swing Trading is one of the most approachable for newbies.


Swing trading is a type of trading in which trades are virtually usually held overnight. Swing trading is slower in nature than day trading, which is rapid paced. Swing trading is an excellent approach to learn about market swings and volatility.

Swing Trading is a trading method in which investors purchase a stock or other asset and hold it for a short length of time in the hopes of making a profit. Individual gains may be less because the trader is focused on short-term goals and minimising losses.


Swing Investing in Stocks: 

Swing Investing in Stocks Stock traders attempt to profit from upswings and downswings in stock prices. Positions are normally held for one to six days, but some may be extended for several weeks if the trade is lucrative. Swing traders use a range of technical indicators to identify patterns, trend direction, and potential short-term charges in order to uncover trading opportunities.

Swing trading stocks can be done in five different ways:

Fibonacci retracements are a type of specialist analysis that can be used to determine support and resistance levels. Conniving vertical lines at the standard Fibonacci rates of 23.6, 38.2, and 61.8 on a stock map might show implicit reversal situations since stocks usually retrace a certain amount within a trend before reversing again.

Support and resistance lines serve as the cornerstone of specialist research, and you may build a successful stock swing trading strategy around them. A stock swing trader on the brio would look to enter a steal trade off the support line, with a stop loss below the support line.

Channel Trading: To use the swing trading approach, you must first find a stock trading that is showing a strong trend and trading within a channel.

Simple Moving Averages (SMA) smooth out price data by calculating a constantly streamlining average price that can be taken over a range of specific time ages or lengths. 10 and 20-day SMA: Simple Moving Averages (SMA) smooth out price data by calculating a constantly streamlining average price that can be taken over a range of specific time ages or lengths.

MACD crossover: The MACD crossover swing trading strategy is a simple way to spot stock swing trading opportunities.

Trading in Forex Swings

The Forex swing trading method is essentially a cross between day trading and long-term trading. Its major goal is to capture earnings in a certain currency pair over a period of days to weeks.

The usage of Bollinger bands is a well-known swing trading approach. The upper and lower bands typically reflect strong resistance and support situations separately, however when prices cross the centre line, it can be a huge sign of an approaching trend change.

The usage of Heiken Ashi maps is another important swing trading approach for Forex traders. This trading strategy entails holding a position for several days or weeks while hoping for a profitable trend.

Cryptocurrency swing trading

Crypto Swing Trading is currently popular among the most affluent investors. Longer timelines compared to other sorts of trading, as well as the volatility of cryptocurrencies like Bitcoin, Doge, Shiba Inu, and others, make strategies appealing. When swing trading crypto, there are a variety of tactics to use, albeit it will take some time to figure out which ones are best for you.

The following are the two different Swing Trading Crypto strategies:

Stuck in a Box: This method exercises support and resistance situations while following the request range. As a result, the request is sometimes referred to as being stuck in a box between the two lines above and below.

Catch the surge: The goal of this technique is to enter after the withdrawal has concluded and catch one move in the trending request. To catch the spike, traders look for a trend in the moving average.

Conclusion

A swing trading strategy may have a lot of trades on some days and none on others due to a discrepancy. Instead of constant monitoring, positions might be examined frequently or handled with caution when important price points are reached. This allows swing traders in all markets, including stocks, forex, and cryptocurrency, to diversify their investments while maintaining a position head.

Oil jumps nearly 4% as Omicron impact seen as short-lived

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Brent crude gained $2.85, or 3.5 percent, to $83.72 a barrel, its highest settlement since early November. The global benchmark dropped 1 percent on MondayOil Jumps Nearly 4% As Omicron Impact Seen As Short-lived

Oil soared nearly 4 percent on Tuesday, supported by tight supply and expectations that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery.

Brent crude gained $2.85, or 3.5 percent, to $83.72 a barrel, its highest settlement since early November. The global benchmark dropped 1 percent on Monday.

US West Texas Intermediate (WTI) rose $2.99, or 3.8 percent, to end at $81.22, also its highest price since mid-November. On Monday, it fell 0.8 percent.

United States Federal Reserve Chair Jerome Powell said he expects the economic impact of Omicron to be short-lived, adding that ensuing quarters could be very positive for the economy after the surge driven by the variant subsides.

"Omicron has yet to wreak the havoc of the Delta variant and may never do so, keeping the global recovery on track," said Jeffrey Halley, analyst at brokerage OANDA.

Brent rose by 50 percent in 2021 and has rallied further in 2022 as demand has recovered to near pre-pandemic levels while the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, slowly ease record output cuts made in 2020.

However, lack of capacity in some OPEC nations has kept supply additions below the 400,000-barrel-per-day (bpd) increase agreed to last year among the group.

Recent outages in Libya have also buoyed prices, and the National Oil Corp said it was suspending exports from the Es Sider terminal.

"Combination of facts – that demand is going to be stronger than anticipated and that OPEC's supply may not grow as fast as the demand - is why prices are climbing," said Phil Flynn, senior analyst at Price Futures Group.

US crude inventories dropped by about 1.1 million barrels last week, according to market sources citing American Petroleum Institute, less than the 2 million-barrel draw estimated in a Reuters poll. Official government data is due on Wednesday.

European refiners' crude and oil products stocks in December dropped by more than 11 percent from a year earlier, Euroilstock data showed.

Also Read:- What is OTC (over-the-counter) medicine? [The Complete Investor's Guide]

 At the same time, European jet fuel refining margins, are back to pre-pandemic levels as global aviation activity recovers despite the spread of Omicron.

Meanwhile, the US government lowered its oil output growth estimates, while raising its oil demand forecast.

Production was estimated to rise by 640,000 bpd this year, lower than last month's forecast of a 670,000 bpd increase. Total oil demand was now seen rising 840,000 bpd for the year, higher than the 700,000-bpd increase expected last month. It is estimated to rise by another 330,000 bpd in 2023. 



Vodafone Idea board clears conversion of interest on spectrum, government dues into equity

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As of March 2021, the company’s total debt stood at Rs 1.80 trillion. The shares of Vodafone Idea cracked 14 percent in early dealsVodafone Idea Board Clears Conversion Of Interest On Spectrum, Government  Dues Into Equity

Vodafone Idea Ltd on Tuesday said its board approved conversion of the full amount of interest related to spectrum auction instalments and AGR dues into equity.

The Net Present Value (NAV) of the interest on spectrum auction and AGR are expected to be about Rs 16,000 crore. This conversion of interest amount to equity will imply dilution of all existing shareholders, including the promoters.

After this conversion, the government will hold around 35.8 percent in the cash-strapped telecom service provider. The promoter shareholding would be around 28.5 percent of Vodafone Group and 17.8 percent of Aditya Birla Group after the conversion.

“Vodafone Idea is a heavily indebted company. Only the AGR and spectrum dues have been converted to equity. The competition in the telecom space has heated up and Vodafone Idea has a heavy chunk of subscribers. It had 43.5 crore subscribers as of Q1FY19 which has reduced to 25.3 crore by Q2FY22. The challenge is uphill for Vodafone as it has to pay interest on its heavy debt and do CAPEX for the latest spectrum as well. Only the promoter has changed, the challenges for the company haven’t,” said Aditya Kondawar, Chief Operating Officer, Mumbai-based financial services firm JST Investments.

As of March 2021, the company’s total debt stood at Rs 1.80 trillion. The shares of Vodafone Idea cracked 14 percent in early deals on January 11.

“The governance and other rights of the promoter shareholders are governed by a shareholders agreement (SHA) to which the company is a party and are also incorporated in the Articles of Association of the Company,” Vodafone said in a notice to exchanges.

Also Read:- What is OTC (over-the-counter) medicine? [The Complete Investor's Guide]

“The rights are subject to a minimum qualifying threshold of 21 percent for each promoter group, and in light of the conversion of interest into equity, the promoters have mutually agreed to amend the existing SHA for reducing the minimum qualifying threshold from 21 percent to 13 percent for the purpose of exercising certain governing rights such as appointment of directors and relating to appointment of certain key officials etc,” the company said.

The Vodafone Idea board has also taken note of the proposed changes to the existing SHA and, accordingly, authorised execution of the same and also recommended changes in the Articles of Association (AoA) to give effect to the changes in the SHA. The amendments to the AoA subject to approval of shareholders in the annual general meeting, the company said.

On October 14, 2021, the department of telecommunications had provided various options to service providers in connection with the telecom reforms package that includes deferment of spectrum auction payment due up to four years, one-time opportunity to opt for deferment of AGR related dues as determined by the Supreme Court by four years and a one-time opportunity to exercise the option of paying interest for the deferment period on the deferred spectrum instalments and AGR dues by way of conversion into equity.“This was on expected line,” said Nitin Soni of Fitch Rating, adding that it does not see investors putting big money into the firm at least in the short term. The rating firm expects that it will be a challenge for the company to raise money from new investors.

Fitch also said that Vodafone Idea will need external funding to increase capex into the business and it will need more tariff hikes in the next 12-18 months.

What is OTC (over-the-counter) medicine? [The Complete Investor's Guide]

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The OTC market is the stock market's version of "for sale by owner" (over the counter). It's an alternative to trading stocks, bonds, and other financial products on a public stock market like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE).


The potential to get in on the ground floor of a hot stock is one of the benefits of investing in OTC securities. Because OTC investments are generally less expensive than their public market counterparts, you get more bang for your buck. There are, however, other aspects to consider when dealing OTC securities. Let's look at the fundamentals of OTC investment.

What exactly is OTC stand for?

OTC markets are electronic networks that allow two parties to trade without the involvement of a third party, such as a dealer-broker. They're referred to as dealer networks or markets. On the other hand, stock market are auction marketplaces. Following the announcement of a stock's price (the "ask"), investors fight for it by making bids.

Companies that trade over-the-counter are considered public, yet they are not listed. This means that their stock can be bought and sold on the open market, but not on a major exchange such as the NYSE or Nasdaq. As a result, these equities are subject to the same rules and restrictions that these exchanges apply to their listed corporations. To put it another way, no one from the government is watching them.

What kind of investments are traded over-the-counter?

Many OTC equities are stocks issued by tiny businesses that don't meet the requirements to be listed on major exchanges because they don't trade enough shares or sell for less than a particular price. Penny stocks are equities that trade for a very little sum of money.

Other OTC firms are larger, but they cannot (or will not) pay the major exchanges' listing fees. If a company qualifies for listing, it must pay a substantial fee to the exchange.

Most bonds are exchanged over-the-counter after their initial issuance (OTC). OTC markets are a better fit for bonds than stock exchanges because of the large volume of deals, the volume of bonds traded, and the infrequent trading of bonds.

  • Derivatives include private contracts between two parties, typically arranged through the aid of a broker.
  • Options, forwards, futures, and other contracts with a value determined by the value of an underlying asset
  • Currency exchange rates
  • Ethereum and Bitcoin are examples of cryptocurrencies.


Price Transparency Issues in OTC Trading - Risks As previously stated, a seller may charge one buyer one price for a security and another buyer a different price for the same security.


  • Liquidity Issues - Because OTC equities are thinly traded, there isn't much demand for them. This makes it more difficult to sell them when the time comes.

  • Volatility - OTC equities may experience substantial price swings due to their low trading volume.

  • Lack of Regulation - OTC trading may be less regulated than big exchanges, depending on the market or OTC network you choose to trade on.


Conclusion

As previously stated, there are numerous hazards associated with OTC trading. Because all of India's standardised security markets are regulated by SEBI, they are more secure and reliable. Trading or investing should always be done using defined procedures and processes. Be a responsible trader by getting research-based trade recommendations.

Good luck with your investments!


Share Market Closing Note - Sharetipsinfo

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Benchmark indices ended higher on January with Nifty retesting 18000 led by the PSU Bank, IT, Auto, Capital Goods, Power stocks.Dalal Street Kicks Off January Series On A Robust Note Despite Omicron  Fears; Factors That Pushed Markets Higher

At close, the Sensex was up 650.98 points or 1.09% at 60,395.63, and the Nifty was up 190.60 points or 1.07% at 18,003.30. About 2472 shares have advanced, 948 shares declined, and 88 shares are unchanged.

UPL, Hero MotoCorp, Titan Company, SBI and Maruti Suzuki were among the top Nifty gainers. Losers were Wipro, Nestle, Divis Labs, Asian Paints and Power Grid Corp.

All the sectoral indices ended in the green with PSU Bank, IT, Auto, Capital Goods, Power, Bank, Realty indices up 1-3 percent. BSE midcap and smallcap indices were up 0.7-1 percent. 

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Topic :- Time:3.00 PM

Nifty is likely to end on highly bullish note and has hit our 18000 target already and it is likely to hit 18200 level very soon. 

Nifty spot if manages to hold above 17950 level on closing basis then expect more upmove in coming sessions and if it closes below above mentioned level then some sluggish movemen can follow. Avoid short positions for tomorrow.

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Topic :- Time:2.40 PM

Just In:

Tata-owned BigBasket starts testing delivery model for small towns.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 47418.If it break and trade below 47300 level then expect quick decline in it and if it manages to trade and sustain above 47440 level then some upmove can follow in it.

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Topic :- Time:2.20 PM

Just In:

South Koreas SsangYong Motor sold for $255 million to local consortium

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Topic :- Time:2.10 PM

Just In:

Decision on overseas listing rules delayed

Legislative amendments to allow Indian entities to list directly overseas may be further delayed as the government is still in talks with stakeholders, including industry leaders, said Anurag Jain, secretary, department for promotion of industry and internal trade (DPIIT), at a virtual media call on Sunday.

On the possibility of the new rules being announced in the Union Budget 2022-23, he said: I dont think it can be resolved that quickly.

For long, startups have been requesting the Centre to amend rules that would allow companies to directly list overseas. Venture capital and private equity firms had also raised the issue a recent meeting with Prime Minister Narendra Modi.

According to existing rules, Indian companies cannot list on foreign exchanges directly if they are not listed on domestic stock exchanges.

Many startups, including food delivery major Zomato and digital payments giant Paytm, went public in 2021. 2022 is expected to witness more public listings of Indian startups both on domestic and global bourses. On Sunday, Jain was briefing the media on the Startup India Innovation Week, starting 10 January. The event is being organized by the DPIIT.

The government seeks to encourage entrepreneurs, investors, incubators, financiers, and policymakers, and national and international stakeholders to celebrate entrepreneurship, and help startups innovate and contribute to Indias growth, Jain said.

Trade and commerce minister Piyush Goyal will chair a roundtable of global venture capital funds on 13 January, while Modi will interact with startups on 15 January through video conference at a closed-door event.

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Topic :- Time:2.00 PM

Nifty is still going strong. Nifty spot if manages to trade and sustain above 17980 level then expect some further upmove in the market and if it breaks and trade below 17960 level then some decline can be seen in the Nifty.

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Topic :- Time:1.45 PM

Just In:

Paytm sinks to record low.

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Topic :- Time:1.10 PM

Nifty is trading at 17962.If it manages to trade and sustain above 17980 level then expect some upmove and if it breaks and trade below 17940 level then some decline can follow in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 739.30.If it manages to hold above 736 level then expect it to rise till 744-745 levels quite soon. Buy on every decline till it holds above 736 is recommended in it.

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Topic :- Time:12.00 PM

After gap up opening nifty is still going strong and is trading 110 points higher from its previous close. Nifty spot if manages to trade and sustain above 17940 level then expect some further upmove and if it breaks and trade below 17900 level then some decline can follow in the market.

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Topic :- Stocks under F&O Ban on NSE

1. Delta Corp

2. RBL Bank

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Topic :- Stocks in News

Tata Steel: The company increased stake in Medica TS Hospital (MTSHPL), a joint venture company, from 26 percent to 51 percent.


Gulshan Polyols: The company has received, signed and executed a Long Term Offtake Agreement, for setting up of upcoming standalone dedicated ethanol plant of 250 KLPD at Industrial Growth Centre, Matia, Goalpara and 500 KLPD (kiloliters per day) at MPAKVN Industrial Area, Borgaon, Madhya Pradesh.


Dilip Buildcon: Subsidiary Sannur Bikarnakette Highways Private Limited has received the financial closure letter from the National Highways Authority of India, for four Laning of Sannur to Bikarnakette section of NH-769 under Bharathmala Pariyojana on Hybrid Annuity Mode in Karnataka.


Sobha: The company reported sales volume of 13,22,684 square feet of super built-up area valued at Rs 1,047.5 crore in Q3FY22, up from sales volume of 11,33,574 square feet of super built-up area valued at Rs 887.6 crore in Q3FY21. Sobha share of sale value stood at Rs 908.2 crore during the quarter, up from Rs 677.7 crore in same quarter last year.


Cyient: Aditya Birla Sun Life AMC sold 21.16 lakh equity shares in the company via open market transactions on January 6, reducing shareholding to 33.93 lakh shares from 56.1 lakh shares earlier.


Avenue Supermarts: The company reported 24.6 percent higher standalone profit at Rs 586 crore, and 22 percent higher revenue at Rs 9,065 crore in Q3FY22, YoY.


CSB Bank: C VR Rajendran decided to take early retirement from the post of MD & CEO and to continue leading the bank till March 31, 2022.

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Topic :- Results on January 10

5paisa Capital, Ganga Papers India, GI Engineering Solutions, GNA Axles, Thambbi Modern Spinning Mills, and Vikas Lifecare will release their quarterly earnings on January 10.

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Topic :- Indian Stock Market Opening View

Intraday Trading View For 10 Jan,2022:

Rising covid1-19 cases and lockdown rumors to be eyed. Nifty will remain volatile throughout the week. We can see more upmove in this month. Nifty is likely to move towards 18000-18200 levels in short term.

For Today:

Nifty spot if manages to trade and sustain above 17840 level then some upmove can be seen in the market and if it breaks and trade below 17780 level then some decline can be seen in the market. Please note this is just opening  view and should not be considered as the view for the whole day.


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IMF says emerging economies must prepare for Fed policy tightening

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In a blog published Monday, the IMF said it expected robust US growth to continue, with inflation likely to moderate later in the year. The global lender is due to release fresh global economic forecasts on January 25.Emerging Economies Must Prepare For U.S. Fed Policy Tightening: IMF

Emerging economies must prepare for US interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves could rattle financial markets and trigger capital outflows and currency depreciation abroad.

In a blog published Monday, the IMF said it expected robust US growth to continue, with inflation likely to moderate later in the year. The global lender is due to release fresh global economic forecasts on January 25.

It said a gradual, well-telegraphed tightening of US monetary policy would likely have little impact on emerging markets, with foreign demand offsetting the impact of rising financing costs.

But broad-based US wage inflation or sustained supply bottlenecks could boost prices more than anticipated and fuel expectations for more rapid inflation, triggering faster rate hikes by the US central bank.

"Emerging economies should prepare for potential bouts of economic turbulence," the IMF said, citing the risks posed by faster-than-expected Fed rate hikes and the resurgent pandemic.

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St. Louis Fed President James Bullard this week said the Fed could raise interest rates as soon as March, months earlier than previously expected, and is now in a "good position" to take even more aggressive steps against inflation, as needed.

"Faster Fed rate increases could rattle financial markets and tighten financial conditions globally. These developments could come with a slowing of US demand and trade and may lead to capital outflows and currency depreciation in emerging markets," senior IMF officials wrote in the blog.

It said emerging markets with high public and private debt, foreign exchange exposures, and lower current-account balances had already seen larger movements of their currencies relative to the US dollar.The fund said emerging markets with stronger inflation pressures or weaker institutions should act swiftly to let currencies depreciate and raise benchmark interest rates.It urged central banks to clearly and consistently communicate their plans to tighten policy, and said countries with high levels of debt denominated in foreign currencies should look to hedge their exposures where feasible.

Governments could also announce plans to boost fiscal resources by gradually increasing tax revenues, implementing pension and subsidy overhauls, or other measures, it added.

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