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Stock market research 7-11-2017

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Topic :- Share Market Closing Note


Benchmark indices as well as broader markets closed sharply lower on Tuesday as rising crude oil prices may impact fiscal deficit and raw material cost of companies which are dependent upon oil.


The 30-share BSE Sensex was down 360.43 points or 1.07 percent at 33,370.76 and the 50-share NSE Nifty fell 101.60 points or 0.97 percent to 10,350.20.


About 1,869 shares declined against 877 advancing shares on the BSE.


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Topic :- Time:3.10 PM


Data To Watch Out For:

Europe retail sales MM will occur at 10.00 GMT. Previous results were -0.5%.


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Topic :- Time:3.05 PM


Nifty Future close above 10420 will result in some quick upmove in coming trading sessions and if it closes below above mentioned level then some sluggish movement can be seen in the coming days. Avoid open positions for tomorrow.


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Topic :- Time:2.30 PM


COPPER Trading View:

COPPER is trading at 450.80. If it breaks below 450 level then expect some quick profit booking in it and if it manages to trade and sustain above 451.60 level then some upmove can be seen in it.


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Topic :- Time:1.30 PM


CHANA Trading View:

CHANA is trading at 4842 in NCDEX. If it manages to trade and sustain above 4850 level then it is likely to show some quick upmove and is expected to test 4900 level quite soon and if it breaks and trade below 4835 level then some softness can be seen in it.


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Topic :- Time:1.00 PM


Nifty is still trading in same small range. No major movement in the market. Nifty spot once manages to trade and sustain above 10440 level then upmove is expected and below 10400 some profit booking. Avoid big trades as off now.


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Topic :- Time:12.45 PM


Just In:

RCom to sell DTH business - BIG TV - to Veecon Media & Television.


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Topic :- Time:12.30 PM


GOLD Trading View:

GOLD is trading at 29370.If it manages to trade and sustain above 29400 level then it is likely to show some quick upmove and if it breaks and trade below 29350 level then some profit booking can be seen in it.


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Topic :- Time:12.20 PM


Jet Airways, SpiceJet and IndiGo fall 3-5% post crude price surge:


Shares of aviation companies, Jet Airways, SpiceJet, and InterGlobe Aviation, fell 3-5 percent on the back of surge in crude oil prices on a global scale.


Oil prices hit their highest since July 2015 on Monday as Saudi Arabias crown prince cemented his power over the weekend through an anti-corruption crackdown, while markets continued to tighten.


A surge in these crude prices is generally seen as increase in fuel costs for aviation companies.


Brent crude futures were trading 26 cents higher at USD 62.33 a barrel by 1012 GMT, after hitting a session peak of USD 62.90, a 28-month high.


U.S. West Texas Intermediate (WTI) crude rose 25 cents to USD 55.89 a barrel, breaking above USD 56 for the first time since July 2015.


Saudi Crown Prince Mohammed bin Salman tightened his grip with the arrest of royals, ministers and investors including prominent billionaire Alwaleed bin Talal and the powerful head of the National Guard, Prince Miteb bin Abdullah.


India needs to keep a cautious eye on the surge in global crude prices as every $1 per barrel rise in crude prices leads to its import bill rising by $ 1.33 billion. Also, a rising import bill can put downward pressure on rupee ...an exuberant Indian equity market needs to digest the far-reaching implications of the grave geo-political developments unfolding in the Middle-East seriously/


At 12:05 hrs Jet Airways was quoting at Rs 603.60, down Rs 19.10, or 3.07 percent, on the BSE, while InterGlobe Aviation was quoting at Rs 1,223.75, down Rs 20.40, or 1.64 percent. Meanwhile, SpiceJet was quoting at Rs 144.30, down Rs 4.05, or 2.73 percent.


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Topic :- Time:12.00 PM


Nifty is trading at a very critical point. Nifty spot if manages to trade and sustain above 10440 level then expect some quick upmove in the market and if it breaks and trade below 10400 level then some fall can be seen. 


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex turns negative, Nifty slips below 10,450; RIL down 2%

2. Sebi plans further rise in public float

3. Note ban biggest shocker for Indians in a decade

4. Jewellery helps Titan become third-most valuable Tata firm

5. Infosys CEO hunt continues: Ashok Vemuri seen as frontrunner

6. HDFC Life IPO opens today

7. Nifty IT index hits 52-week high; TCS nears record high

8. Prince Pipes plans to raise Rs 800 cr via IPO

9. RCom says in talks with parties over sale of tower biz

10. Aircel may soon be left with no choice but to shut down India operations


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Topic :- Time:11.00 AM


All Asian markets are trading in positive zone. Nifty is likely to follow global trend. Nifty spot if manages to trade and sustain above 10440 level then expect some quick upmove and if it breaks and trade below 10400 level then some softness can be seen in the Indian stock market.


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Topic :- Time:10.30 AM


After positive start nifty slided in negative zone. Nifty spot if breaks and trade below 10380 level then further decline is expected in the market and if it manages to trade and sustain above 10460 level then some upmove can be seen in the market.


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Topic :- Share Market Opening Note


Indian Stock Market Trading View For 07 Nov,2017:


Nifty to turn volatile as the day progresses. Avoid big trades and trade as per market trend. Global cues to be eyed.


Nifty spot if manages to trade and sustain above 10460 level then further upmove is expected in the market and if it breaks and trade below 10380 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.

PM Narendra Modi assures Tamil Nadu govt of all support in tackling rain fallout

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Prime Minister Narendra Modi today assured all assistance to rain-ravaged Tamil Nadu in tackling the fallout of the heavy downpour in the capital and some districts, including Kancheepuram and Tiruvallur.

Modi also asked the media to have healthy competition and urged them to take extra effort to maintain credibility.

"I assure all possible support to the Tamil Nadu government to tackle the situation due to rains," Modi said at a function to celebrate the 75th anniversary celebrations of Tamil daily Dina Thanthi.

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The prime minister expressed grief over the death of those who had died in the rain over the last few days. Nine people died across the state in the recent round of heavy rain.

It should ensured that the freedom to write and decide should not include the freedom to be "factually incorrect".

During his address at the Madras University Auditorium, Modi mourned the death of senior journalist and general secretary of the Madras Union of Journalists R Mohan (54) who died following a cardiac attack yesterday.

Modi was received by Governor Banwarilal Purohit and Chief Minister K Palaniswami at the Chennai airport from where he proceeded to INS Adyar by helicopter.

Tight security was in place in view of the prime minister's visit.

stock market research 3-11-2017

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Topic :- Share Market Closing Note


Equity benchmarks ended at fresh record closing high on Friday, driven by banks after PNB earnings.


The 30-share BSE Sensex was up 112.34 points at 33,685.56 and the 50-share NSE Nifty rose 28.70 points to 10,452.50.


About 1,429 shares advanced against 1,316 declining shares on the BSE.


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Topic :- Time:2.30 PM


NATURALGAS Trading View:

NATURALGAS is trading at 190.90. If it manages to trade and sustain above 191.20 level then it is further likely to show some upmove and if it breaks and trade below 189.80 level then some profit booking can be seen in it. 


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Topic :- Time:2.15 PM


Abu Dhabis NMDC may buy stake in Dredging Corporation:

Abu Dhabis National Marine Dredging Corporation (NMDC) is planning to pick-up stake in the government-owned Dredging Corporation, reports the Hindu BusinessLine.


On Wednesday, the Cabinet approved sale of the governments entire 73.47 percent stake in Dredging Corporation of India (DCI), according to official sources.


DCI would be a most suitable and best fit for us,Mahesh Zagade, director at National Marine and Infrastructure India Pvt Ltd, told the newspaper.



We are weighing plans to submit a bid, he added.


National Marine and Infrastructure India Pvt Ltd is the Indian unit of the Abu Dhabi stock exchange-listed company in which the Abu Dhabi government has a 32 percent stake.


The move will help create a global giant to fight competition from Dutch and Belgian majors that are market dominants in the sector. The UAE-based NMDC is the sixth biggest dredging contractor in the world and joining hands with DCI will bring it a notch up to spot 5.


According to the report, there were talks between the two companies to bring DICs dredgers in the global market. However, that deal did not work out.


Currently, NMDC has a USD 316 million EPC contract with Swan Energys floating storage unit-based LNG port near Jafrabad in Gujarat. It had also worked on the expansion of the Suez Cana in 2015.


As for DCI, the company is involved in maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy and marine construction. It is under the administrative control of the shipping ministry.


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Topic :- Time:2.00 PM


Indian stock market is moving finally.Nifty spot is at 10457. If it manages to trade and sustain above 10460 level then expect some further upmove in it and if it breaks and trade below 10440 level then some decline can be seen in the market.


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Topic :- Time:1.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 3543. If it manages to trade and sustain above 3550 level then expect some quick upmove and if it breaks and trade below 3530 level then some profit booking can be seen in it.


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Topic :- Time:1.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 3543. If it manages to trade and sustain above 3550 level then expect some quick upmove and if it breaks and trade below 3530 level then some profit booking can be seen in it.


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Topic :- Time:1.25 PM


Just In:

Reliance Nippon IPO Allotment Date:  Allotment is out

Reliance Nippon IPO Listing Date: 06-Nov-2017

Reliance Nippon IPO Basis of Allotment: 9:2


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Topic :- Time:1.00 PM


Nifty is trading flat with Advance at 25 and Decline at 25. Bulls and bears both are in a tug of war. Nifty immediate resistance is at 10450-10460 spot levels and immediate support is at 10400. Avoid big positions by the time nifty is trading in this range.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 448.80. If it manages to trade and sustain above 450 level then expect some upmove in it and if it breaks and trade below 447 level then some profit booking can be seen in it.


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Topic :- Time:12.20 PM


INDIGO Stock Trading View:

INDIGO is trading at 1256. If it manages to trade and sustain above 1265 level then expect some upmove and is expected to test 1295 quickly however if it fails to trade and hold above it then it can slide little.


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Topic :- Time:12.15 PM


Just In:

Sunil Mittal-led Bharti Airtel to invest Rs 25,000 crore on 4G network.


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Topic :- Time:12.10 PM


Nifty is trading flat however stocks are showing some strength and movement. Nifty spot above 10460 will show some good upmove and if it breaks and trade below 10420 level then some profit booking can follow however 10400 spot will act as immediate minor support to watch out for.


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Topic :- Time:11.45 PM


Securities in Ban For Trade Date 03-NOV-2017:

1. HDIL

2. IBREALEST

3. JSWENERGY

4. WOCKPHARMA


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Topic :- Time:11.40 AM


News Wrap Up:

1. A customs spat could derail Modis plan to get India 100 gigawatts of solar power

2. Headcount cut as companies rush to automate IT

3. Torrent to buy Unichems domestic biz for Rs 3,500 cr; announcement today

4. Piramal Group in race to buy stakes in Binani Cement, Electrosteel Steels

5. China again blocks US move to ban Masood Azhar, India disappointed

6. Bharti Airtel up 4% after huge block deal

7. Sebi lens on now-defunct Kingfisher Airlines directors

8. JSW Steel: Firm profit outlook will help sustain sentiment


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Topic :- Time:11.00 AM


After positive start nifty is trading bit volatile in a range. Nifty spot if manages to trade and sustain above 10450 level then expect further upmove in the market and if it breaks and trade below 10420 level then some softness can be seen in the Nifty.


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Topic :- Share Market Opening Note


Indian Stock Market Trading View For 03 Nov,2017:


Nifty to turn volatile as the day progresses. Stock specific movement will be there in the market.


Nifty spot if manages to trade and sustain above 10460 level then expect some quick upmove in the market and if it breaks and trade below 10400 level then some softness 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.

FDI into India touches $114.4 billion in 2015-17

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Cumulative foreign direct investment (FDI) equity flows into India reached USD 114.4 billion during the last two financial years – 2015-16 and 2016-17, according to a latest report by global accounting firm KPMG.

This is about 40 per cent higher than the USD 81.8 billion recorded in the preceding three years, from 2011-12 to 2013-14. UAE investors announced USD 2.5 billion worth of investments in India in a single month – October 2017 – including USD 1 billion investment by Abu Dhabi Investment Authority (ADIA), USD 1 billion by NRI-Emirati Investor's Group and a further USD 462 million investment by Lulu Group in Andhra Pradesh.

The report was prepared for the first India-UAE Partnership Summit (IUPS) held here last week.

Cumulative FDI into India reached USD 498.9 billion in 17 years from April, 2000 to June, 2017, according to the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce.

"In the financial year 2016-17, the country received the highest-ever FDI flow worth USD 43.5 billion," KPMG said.

"India also witnessed an increase in private equity/venture capital investments led by its growing start-up segment. Between January and September, 2017, India received USD 17.6 billion of private equity/venture capital spread across 402 deals," it said.

The report – released at the IUPS, organised by the Business Leaders Forum (BLF) and commissioned by KPMG headed by Vikas Papriwal, Partner and Head of Markets, KPMG in the Lower Gulf and Middle East South Asia – comes in the backdrop of the latest announcement of USD 1 billion by the newly- formed NRI-Emirati Investors' Group in addition to a further USD 1 billion by ADIA.

The Asian Development Bank (ADB) said the infrastructure sector in India requires USD 5.2 trillion worth of investments to sustain the economic growth and lend support to several government flagship programmes.

"The infrastructure sector is one of the key drivers of the Indian economy. India's infrastructure market, currently the third-largest in Asia, is anticipated to reach USD 6.6 trillion by 2025, constituting 12.5 per cent of the Asia- Pacific region. As of 2016, the sector contributes nearly 8 per cent to India's GDP," said the report.

Roadways and highways are key to the development of the infrastructure sector as they offer the required base for intra- and inter-state connectivity. The government has been trying to provide the necessary impetus to boost the sector.

In the federal budget 2017–18, the government has allocated USD 9.8 billion for national highways (an increase of 11 per cent from the previous year). The states are expected to provide an additional USD 1.2 billion for road development. In addition, the government has also announced the construction of 2,000 kms of coastal connectivity roads.

The country is witnessing increased investments in the sector on the back of reforms and higher budgetary allocation by the government, greater funding support from international lending institutions and several MoUs being signed with several countries.

In the federal budget 2017–18, the total capital and development expenditure of railways has been estimated at USD 20 billion, which includes USD 8.4 billion provided by the government.

Govt could ask CPSEs to invest into proposed Rs 1.35 lakh cr recapitalisation bonds

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The government could ask cash-rich central public sector enterprises (CPSEs) to invest in the Rs 1.35 lakh crore bonds to recapitalise public banks.

In October this year, the government had announced recapitalisation package of Rs 2.11 lakh crore for banks. Of the total amount, Rs 1.35 lakh crore is to come from recapitalisation bonds and rest Rs 76,000 crore from budgetary support and stake sale in banks.

In case of recapitalisation, if banks participate then government will issue bonds that the banks will buy. The funds raised by the government will then be infused as capital into the banks.

In case where the banks don't participate, banks will get cash in lieu of equity, the report said.

According to an earlier report, state-owned Life Insurance Corporation could also be roped into participate in the recapitalisation process.

By the way of process, LIC could increase its holding in the public sector banks. LIC could also participate in a non-operating holding company structure (NOHC) where the government could transfer its holding in various public companies.

This NOHC will then issue recapitalistaion bonds worth Rs 1.35 lakh crore. Nature of these bonds is yet to be decided by the government.

This won't be the first time when LIC would invest into PSBs. LIC, in the past, has pumped capital in public banks via share allotment and QIPs.

Stock market research 1-11-2017

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Topic :- Share Market Closing Note


The benchmark indices ended the day at record highs on Wednesday after the index heavyweight Bharti Airtel hit its highest in nearly a decade post its September quarter numbers.  


In intra-day The Sensex soared over 33,600-mark and clocked its all-time high figure of 33651, while the Nifty rallied to 10,451 during the days trade — also its all-time high mark.

 


Strong moves on banks, PSUs and private, along with metals, FMCG, and infrastructure stocks also added to the sentiment. 


Overseas, Asian shares scaled a 10-year high, with Japan and South Korea markets leading gains in the region. on the back of solid economic growth globally, while oil prices extended a bull run on hopes that major producers will maintain their output cuts.

 

Investors await the outcome of the US Federal Reserves two-day policy meeting later in the session for clues about future tightening.


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Topic :- Time:3.05 PM


NIFTY Spot close above 10420 will result in some more quick upmove in coming trading sessions and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open sell positions for tomorrow.


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Topic :- Time:2.05 PM


Just In:

TATAMOTORS Domestic sales up by 5% in Oct 2017.


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Topic :- Time:2.00 PM


Rangebound trading session is going on. Nifty spot only above 10440-10450 levels can show some upmove and if it breaks and trade below 10420-10400 levels then some profit booking can follow in it. As market is not moving much so trade in less quantity and in less positions. Only stock specific movement is there.


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Topic :- Time:1.30 PM


CRUDEOIL Tradng View:

CRUDEOIL is trading at 3545. It will  find immediate support at 3520 level. If it manages to hold and trade above it then it is likely to show some quick upmove and is expected to test 3600 mark soon and if it breaks and trade below 3520 level then some softness can be seen in it.


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Topic :- Time:1.00 PM


Govt blames Infosys for GST Network glitches:


nfosys finds its management of the GST information technology backbone under scrutiny at the highest levels of the government, reports The Economic Times. It had won the Rs 1,380-crore deal for developing and running GSTs backend in 2015. Three top government functionaries expressed strong disappointment with the company over frequent glitches that have beset the Goods & Services Tax Network (GSTN), leading to extension of deadlines for returns several times. It has been a disappointing experience, said one of the officials, adding that the software provider is now expected to improve service delivery. Infosys rejected the contention that its work had been regarded as unsatisfactory. The information you have received is completely inaccurate, the company said. 


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Topic :- Time:12.05 PM


Nifty is still trading in same small range. Big trades should be avoided for while and let nifty move from here. For upper move critical level is 10450 spot basis and to avoid fall nifty spot should hold above 10400.


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Topic :- Time:11.35 AM


News Wrap Up:

1. New GST tweak will help you save a lot more on your home budget

2. New India Assurances Rs 9,600-crore IPO kicks off

3. No need to worry about linking mobile with Aadhaar

4. Indias manufacturing activity stagnates in October

5. Maruti Suzuki sales up 9.3 per cent in October

6. Tata Steel rejigs roles of two key executives

7. HPCL may buy MRPL in share-swap deal

8. Maruti Suzuki MD sees output at over 2 mn by 2020

9. Bharti Airtel hits over 10-year high as Q2 operating profit beats estimates

10. ICICI Bank hits 33-month high; market-cap crosses Rs 2-lakh crore.


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Topic :- Time:11.30 AM


YESBANK Trading View:

YESBANK is trading at 319.70. If it manages to trade and sustain above 320 level then it is likely to show some quick upmove and is expected to test 330 level in no time and if it breaks and trade below 315 level then some softness can be seen in it.


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Topic :- Time:11.00 AM


After positive opening nifty is still trading in positive zone. Nifty spot if manages to trade and sustain above 10450 level then expect some further upmove in the market and if it breaks and trade below 10400 level then some profit booking can be seen in the market.


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Topic :- Share Market Opening Note


Indian Stock Market Trading View For 01 Nov,2017:


First trading session of November is expected to be a volatile one. Global cues to be eyed.


Nifty spot if manages to trade and sustain above 10360-10380 levels then expect some quick upmove in the market and if it breaks and trade below 10300 level only then some profit booking can be seen in the Nifty.


Please note this is just opening view and should not be considered as the view for the whole day.


Important Results To Be Declared Today:

1. Apollo Tyres

2. Godrej Consumer

3. Hero Motocorp

4. Hexaware Tech

5. JSW Energy

6. Shriram Trans

7. Tech Mahindra

8. TVS Motors

Centre allocated Rs 109 cr to promote tourism projects: Puducherry CM

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Puducherry Chief Minister V Narayanasamy today said the Centre has earmarked Rs 109 crores to promote tourism projects under 'Swadesh Darshan' in the Union Territory.

Addressing public on the occasion of the 63rd Liberation (De facto) day of Puducherry here, he said, "Tourism has been given priority by the administration and the government intended to promote Puducherry as a vibrant tourism destination."

The Union Tourism Ministry has already earmarked Rs 109 crores for Puducherry to promote heritage and spiritual tourism under 'Swadesh Darshan' scheme.

He futher said the Rs 1,828 crore smart project being implemented in Puducherry through a specially floated statutory organisation called Puducherry Smart City Project limited would be yet another feather in the cap of the administration.

Earlier, the Chief Minister took salute at a march past presented by various contingents. Speaker V Vaithilingam,Ministers, legislators of the ruling Congress, the French Consul General Catherine Suard, Director General of Police S K Gautam, Chief Secretary Manoj Parida and secretaries of various departments of the government were also present.

Puducherry and its outlying regions of Karaikal, Mahe and Yanam became free from the French rule on November 1, 1954.

Stock market commentary 30-10-2017

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Topic :- Share Market Closing Note


The benchmark indices settled at record closing highs on Monday as state-owned lenders extended a rally from the last week sparked by the governments announcement of a Rs 2.11 lakh crore recapitalisation plan, while energy firms gained on higher crude prices.


State-run lenders drove the indices higher, with the Nifty PSU bank index rising as much as 4.3%. Its 30% gain last week was much larger than a 0.8% rise in the Nifty private bank index over the same period.


The Nifty50 rallied as much as 61 points to hit its fresh high of 10,384, while the Sensex rose 184 points to log its record high of 33,340 in intraday trade. 



Overseas, European markets were trading sideways as earnings rolled in, while Asian markets climbed as the euro loitered around a 3-month low after the European Central Banks decision to extend its stimulus further fattened the dollars yield advantage.


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Topic :- Time:3.00 PM


Nifty spot close above 10400 will result in some quick upmove in coming trading sessions and close below above mentioned level will result in some sluggish movement. Avoid open sell positions for tomorrow.


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Topic :- Time:2.30 PM


ZINC Trading View:


ZINC is trading at 211.40. It will find immediate resistance to upmove at 212.50. If it fails to trade above it and sustains below its mentioned resistance then it is likely to slide towards 210 level quite soon.


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Topic :- Time:2.25 PM


Just In:

Lupin Limited Q2: Consol PAT Rs 455 Cr Vs Rs 662 Cr, Down 31% YoY


LUPIN - good results after a long time

PAT, margins higher than expected


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Topic :- Time:2.15 PM


We will close the year with 14% market share: JLR India MD:


Tata Motors-owned Jaguar Land Rover has had a dream run in the first nine months of the year growing at a whopping 45 percent. On Saturday, Land Rover launched the all-new Discovery at a price thats substantially cheaper than the outgoing model. Rohit Suri, Managing Director, Jaguar Land Rover India, spoke to Moneycontrol on the sidelines of the launch.


Q. How important is the launch of the all-new Discovery to JLR India?


A. This is a very important car for us, an important addition to our portfolio. We were missing out on this car for sometime actually. So it plugs a very important gap between Discovery Sport and Range Rover Sport. At a price of Rs 71.38 lakh for the petrol derivative it is a very important price point. It will help us compete more effectively.


Q. How different is it on price terms when compared to the outgoing model?


A. The old Discovery pricing was always in the range of Rs 1 crore plus. But here we are able to launch the petrol version at Rs 71.38 and diesel is priced at Rs 82.21 lakh. So, this is much better priced. But, of course, this model comes with many more innovative features. It is a better value for money.


Q. How have you priced it so competitively?


A. The foreign exchange rate has helped us plus we did not have a petrol version earlier. So that has brought down the entry price. The pricing for the outgoing model was fairly steep so it was not able to compete effectively in the market. But this car is right on target as far as competition is concerned. We already have a good response coming in.


Q. Any initial booking numbers you can share?


A. We cant share that but we can say that we have bookings for more than a month already.


Q. So far your competition have posted double-digit increase in sales this year. How has JLR fared?


A. Our growth was one of the highest. Between January to September we grew by 45 percent. We have not only outpaced the industry growth but also outpaced the competition by far. 2,942 cars have been sold during January-September.


Q. Has the cess not impacted you?


A. The cess increase happened in September. We had bookings from retail beforehand in anticipation of the cess coming in. We are seeing a slowdown in pace in October because of that.


Q. Has the January-December sales target already been met?


A. Most of our products are doing extremely well. For us the year has been going very well. We have to see how much of an impact the cess has in slowing down the pace of growth. But so far we have had a very good run.


Q. What market share does JLR have in India and what is the target?


A. Overall our market share was in the range of 8-9 percent and this we expect to grow to 13-14 percent by end of the year. Our growth market share means we are taking some part of the growth away from competitors.


Q. You are assembling 5 models in India presently. Are there plans to add more to the Chakan assembly plant?


A. We have some plans in the offing which we will announce very soon. We are constantly evaluating what more we can get. We will announce that as soon as we are ready.


Q. When will the Range Rover Velar be launched in India?


A. The Range Rover Velar would come in early part of next year.


Q. When do we expect the Jaguar E-Pace and iPace?


A. Right now there is no set date for those two launches. The E Pace is a fantastic vehicle but lets see how soon we can get it to India.


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Topic :- Time:2.00 PM


Nifty is now ready for showing some movement finally. Nifty spot is trading at 10376. If it manages to trade and sustain above 10380 level then expect some quick upmove in the market and if it breaks and trade below 10360 level then some profit booking can follow. All lows should be still used as an opportunity to go long in the market.


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Topic :- Time:1.40 PM


COPPER Trading View:

COPPER is trading at 446. If it manages to trade and sustain above 447.50 level then expect some quick upmove and if it breaks and trade below 444 level then some softness can be seen in copper.


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Topic :- Time:1.15 PM


RELCAPITAL Trading View:

RELCAPITAL is trading at 588.60. If it manages to trade and sustain above 590 level then expect some quick upmove in it and is likely to test 600-605 levels quite soon and if it breaks and trade below 585 level then some softness can be seen in it.


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Topic :- Time:12.30 PM


NATURALGAS View:

NATURALGAS is trading at 193.80. If it manages to trade and sustain above 195 level then expect some quick upmove in the NG and if it breaks and trade below 192.40 level then some profit booking can be seen in it.


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Topic :- Time:12.15 PM


Nifty is still struggling to cross 10380 spot level. Further upmove is expected only above 10380 level and if it breaks and trade below 10350 level then some softness can be seen in the market.


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Topic :- Time:11.30 AM


News Wrap Up:

1. IDFC Bank, Shriram set to call off merger talks

2. Bet your money on India, says Mukesh Ambani 

3. HDFC Life eyes stock currency for M&A deals

4. Modis own Amazon to end tender raj, corruption faces teething troubles

5. Retail lenders, RIL help India Incs combined net profit rise 8.6% in Q2

6. Bengaluru municipal corporations unpaid bills up 7706% in 4 yrs

7. ONGC hits 5-month high as Q2 profit beats estimates

8. TTML zooms over 100% in 12 trading days post deal with Bharti Airtel

9. Sebi panel suggests independent regulator needed for auditors

10. Bharat 22 ETF to open on November 14; govt aims to raise Rs 8,000 cr


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Topic :- Time:11.00 AM


After positive opening nifty is still trading in positive zone. Nifty spot if manages to trade and sustain above 10380 level then expect some upmove and if it breaks and trade below 10320 level then some softness can be seen in the market.


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Topic :- Nifty Opening Note


Volatile week expected. Q2 numbers to be deciding factor along with global cues.


Nifty spot if manages to trade and sustain above 10340 level then expect some upmove in it and if it breaks and trade below 10280 level then some profit booking 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.

How NBFCs minimise their non-performing assets

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Non-banking financial companies (NBFCs) have made strong roots in the Indian financial sector targeting niche segments of the population, mostly catering to small businesses or salaried employees with their momentary needs.

After banks and insurance companies, NBFCs come at the third spot in the Indian financial system, while banks could manage to grow credit at 5.1 percent in the final quarter of the last fiscal year, NBFCs could register a credit growth of 250 percent more than banks - i.e., 13 percent. According to a recent study by the Reserve Bank of India (RBI), NBFCs are much ahead of commercial banks in managing non-performing assets (NPAs), and their asset quality is also far better than banks.

Sector witnessing an unprecedented growth

The demands and aspirations of India’s middle-class segment are growing speedily and gadgets like laptops, smartphones, and LED TVs are the common needs of almost every household in the urban culture of the country. Besides, life is difficult for many without a personal vehicle, if not a car; a bike is a must to have for families in metros and large cities. Their monthly income doesn’t allow them to purchase these items in one go and taking a personal loan from the commercial bank is lengthier as well as a costlier affair. So, NBFCs are the best alternatives for them to borrow money through quick and simple procedures. On the other hand, empowered with data analytics, advanced profile-check algorithms, smart credit rating system, and fast verification tools, NBFCs are successful to meet the demands and expectations of their customers.

It is worth noting that gross bad loans or NPAs in the NBFC sector reduced from 2.7 percent to 2.3 percent and from 4.9 percent to 4.4 percent respectively during September 2016 to March 2017. These improved figures clearly indicate that NBFCs are impressively effective in the exploitation of their resources despite a double-digit annual growth in the balance sheet of 2016-2017.

Factors responsible for decreasing NPAs

One of the most valid reasons that enable NBFCs to optimise their assets is the intelligent selection and execution of the digital technology, they have learned a lot from the 90s debacle and bounced back with practical implications of the technology to ensure a better journey in the financial system of India.

Today, a majority of NBFCs use artificial intelligence, pattern analysis, predictive intelligence and other customised algorithms to study the repayment behaviour of the potential customers. These technologies help them to completely assess the credibility and financial status of an individual that decides his/her credit score. They disburse the loan to people with good credit score and complete verification.

Through strict underwriting process, NBFCs make a detailed check of loan seekers profiles and credit history and process transaction-related documents digitally and perfectly. Real-time bank statement, PAN number and e-KYC check, bureau reports and information on social networking sites help them a lot in finalising the credit score and calculating the associated risk factors. Moreover, the highly automated process brings down the entire turnaround time for disbursing a loan from customer enquiry to money transfer. Apart from this, most of the NBFCs take post-dated cheques from their customers as security instrument because every loan seekers know that cheque bouncing is a crime and strict actions can be taken against the deliberate offence.

Add-on benefits

But, technology is not the only factor that helps NBFCs in minimising the NPAs. There are various other structural, operational, and strategic incentives also that enable them to curtail the ratio of NPAs.

Conventionally, NBFCs avail 50 percent funds as market borrowing and the rest 50 percent they acquire from banks. This kind of practice makes funds cheaper for them.

Another important point here is that usually, owners-managers have real stakes in the company which saves them from the unnecessary pressure of the external stakeholders and allow them to make quick decisions. Hence, advanced technology, focused approach, and more autonomy are the factors that have leveraged the NBFCs in minimising the NPAs.

Electronic major eyes 200 acres at JNPT SEZ: Nitin Gadkari

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Keen to set up an about Rs 6,000 -crore facility at JNPT Special Economic Zone (SEZ), a global electronic major has sought 200 acres there, Union minister Nitin Gadkari said today.

JNPT is one of the top 12 major ports under the control of the Centre.

"A global electronic major has sought 200 acres of land at JNPT SEZ. It is keen to invest Rs 6,000 crore and create employment to the tune of 40,000," Gadkari, who holds the portfolio of shipping, road transport, highways, water resources, river development and Ganga rejuvenation, told PTI.

However, he did not disclose the name of the firm or the country.

Sources said it is an electronic major from Taiwan.

Earlier, the minister said Taiwan-based IT major Foxconn has sought 13 acres at Jawaharlal Nehru Port Trust's SEZ.

When asked whether it is the same firm, the minister replied in negative.

The contract manufacturer Foxconn makes products for global device brands like Apple, BlackBerry, Amazon, Motorola, Xiaomi and Sony and has bulk of its factories in China.

"Foxconn has sought a land parcel of 13 acres in the special economic zone in JNPT and I have spoken to Maharashtra chief minister about the project," Gadkari has said earlier.

Foxconn Technology Group is one of the world's largest electronic manufacturing contractors, headquartered in New Taipei City, Taiwan. It is the third-largest information technology company by revenue.

Country Head and MD, Foxconn International Holding India, Josh Foulger had earlier this year met the then commerce minister Nirmala Sitharaman to discuss support for exporting mobile phones from the country.

JNPT Mumbai handles over 40 per cent of Indian exim (export-import) volumes.

Under the Sagarmala initiative, 14 SEZs are being set up across the country.

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