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Showing posts from June, 2017

Live Stock Market Updates – ITC lifts Nifty above 9500, Sensex in green

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FMCG heavyweight, ITC Limited has single-handedly moved Nifty and Sensex to the positive territory in the closing hours of trade on Friday.

The upward movement of ITC has continued in the closing hour. The stock has touched its all-time high of Rs 323.8 per share, higher by 3.98%.

At 3 PM, the S&P BSE Sensex is trading at 30869 down 11 points, while NSE Nifty is trading at 9503 down 1 point. A total of 34 stocks registered a fresh 52-week high in trade today, while 36 stocks touched a new 52-week low on the NSE.

There are 782 advances, 840 declines and 327 unchanged stocks on NSE reflecting a negative tone in the market.

The BSE Mid cap Index is trading up 0.15% at 14573, while BSE Small cap Index is trading up 0.20% at 15341.

Some buying activity is seen in Power, IT, while, Realty, Bankex, Auto and Energy showing weakness on BSE.

Sun Pharma, bank of Baroda, Aurobindo Pharma and ITC are among the gainers, whereas Tata Motors DVR, Indiabulls Housing Finance and LT are losing on the NSE…

AU Small Finance Bank IPO oversubscribed by 4.28 times

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The subscription for the IPO issue of AU Small Finance Bank Limited has got momentum on its last day of subscription. The issue has got over-subscribed by 4.28 times as of 1345 hours on its last day of subscription on Friday. The total issue size of the IPO stood at 3,76,95,520 shares. The total bids received stood at 16,12,53,000 shares and total bids received at cut-off price stood at 3,68,45,265 shares.

IPO is going to issue 53,422,169 equity shares of face value Rs 10 per share. The issue would be following the book building process wherein the price band is set at Rs 355 to Rs 358 per share. The floor price is 35.50 times the face value and the cap price is 35.80 times the face value.

The minimum order quantity for the IPO is one market lot containing 41 shares. Therefore, bids can be made for a minimum of 41 equity shares and in multiples of 41 equity shares thereafter.

The price/earnings ratio based on diluted EPS (excluding exceptional item) for FY 2017 for the issuer at the upp…

जीएसटी से किन शेयरों को फायदा, कहां लगाएं दांव

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जीएसटी यानि गुड्स एंड सर्विसेज टैक्स अब हकीकत बन चुका है, इसका असर कंपनियों के साथ ही आपके और हमारे ऊपर भी होगा, कंपनियों की टैक्स प्रणाली पूरी तरह बदल जाएगी और ऐसे में कौन से शेयर खरीदने चाहिए जिनको जीएसटी से सबसे ज्यादा फायदा होगा। जीएसटी टॉप पिक्स में आज हम आपको बताएंगे ऐसे शेयर जिनको जीएसटी से खासा फायदा होगा और ये आपको भी मालामाल कर देंगे।

पटेल इंटिग्रेटेड लॉजिस्टिक्स:  खरीदें- 88 रुपये, लक्ष्य - 150 रुपये, अवधि - 1 साल

रेन इंडस्ट्रीज:  खरीदें- 111 रुपये, लक्ष्य - 169 रुपये, अवधि - 1 साल

क्रिसिल:  खरीदें- 1949 रुपये, लक्ष्य - 2500 रुपये, अवधि - 1 साल

टीसीएस: खरीदें- 311 रुपये, लक्ष्य - 350 रुपये, अवधि - 1 साल

सेंचुरी प्लाई:
खरीदें- 302 रुपये, लक्ष्य - 390 रुपये, अवधि - 1 साल

कैपिटल फर्स्ट: खरीदें- 660 रुपये, लक्ष्य - 825 रुपये, अवधि - 1 साल

एनआईआईटी: खरीदें- 90 रुपये, लक्ष्य - 115 रुपये, अवधि - 6 से 9 महीने

बजाज कॉर्प: खरीदें- 373 रुपये, लक्ष्य - 450 रुपये, अवधि - 6 से 9 महीने

वीएसटी टिलर्स:
खरीदें- 2182 रुपये, लक्ष्य - 2500 रुपये, अवधि - 3 से 6 महीने

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IndiGo expresses interest in acquiring Air India

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InterGlobe Aviation Limited operated budget airline carrier, IndiGo has expressed interest in acquiring the international airline operations of Air India and Air India Express. Also, the company is equally interested in acquiring all of the airline operations of Air India and Air India Express. The market seems to have not liked the company’s interest in acquiring the debt-riddern national carrier.

The stock was trading down by over 4% at Rs 1183.7 per share as of 0944 hours on Friday. The company in its BSE filing, also reported that it has ordered 50 ATR turboprops to further deepen its connectivity into the hinterland of India.

Meanwhile, Nifty was trading lower by 39 points at 9,464 level and Sensex was trading lower by 131 points at 30,726 level.

Stock View :-

Interglobe Aviation Ltd is currently trading at Rs 1183, down by Rs 54 or 4.37% from its previous closing of Rs 1237 on the BSE.

The scrip opened at Rs 1260 and has touched a high and low of Rs 1260 and Rs 1173.25 respectively.…

Live Stock Market Updates – Markets lack momentum, Realty stock dip post GST rate hike

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The government on Thursday spiked the GST rates, which is to be rolled out on Friday midnight. Consequent to this both Nifty Realty and BSE Realty index was the top losing index on Friday’s early trading session.

Share of Indiabulls Real Estate is down by 2.8%, DLF is down by 2.2% and HDIL is down by 2.1%, whereas other stocks such as, Sobha is down by 2.3%, Unitech is down by 1.9%, Omaxe is down by 0.5%, Oberoi Realty is down by 0.4% and Godrej Properties is down by 0.4%.

At 10 AM PM, the S&P BSE Sensex is trading at 31,720 down 137 points, while NSE Nifty is trading at 9462 down 41 points. A total of 47 stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.

There are 517 advances, 991 declines and 432 unchanged stocks on NSE reflecting a negative tone in the market.

The BSE Mid cap Index is trading down 0.14% at 14532, while BSE Small cap Index is trading down 0.37% at 15253.

Some buying activity is seen in Power, IT, while, Real…

Motherson Sumi’s arm issues 7-year Euro denominated bonds

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Motherson Sumi announced that its subsidiary, Samvardhan Motherson Automotive Systems Group B.V. (SMRP BV) has issued 300 million euro bonds which are due by July 2024, non-call life senior secured notes offering 1.8% on Friday.

This is the fourth successful issue of notes by SMRP BV and third offering in the European markets. This is also the lowest yield long tenor corporate bond to date from an Indian private sector corporate.

The notes have been rated BBB- by Fitch and BB+ by S&P following a publication of the SMRP BV’s credit ratings as BB+ by S&P and Fitch.

The proceeds from the issuance along with 200 million euro of the cash balance of SMRP BV will be used to refinance existing 4.125% EUR 2021 notes. The lower pricing of the notes will effectively result in a significant reduction in interest cost for the company.
Stock view :-

Motherson Sumi Systems Ltd is currently trading at Rs 451.75, down by Rs 5.25 or 1.15% from its previous closing of Rs 457 on the BSE.

The scrip ope…

Investors can trade in CDSL from today

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Central Depository Services (CDSL) is to hit the Indian exchanges today. The stock is the first depository to get listed on bourses in the country. The stock's grey market premium is around Rs 90-100 per share, indicating a listing of around Rs 225-250 per share, reported a leading news agency. The issue price for the IPO stood at Rs 149 per share.

What can be called as the most popular initial public offering (IPO) of 2017, the BSE promoted CDSL IPO was oversubscribed by 170.16 times. This made it the most subscribed IPO issue of 2017 in the Indian capital markets.

The qualified institutional buyers (QIBs) bid 148.71 times, retail individual investors bid 23.83 times and employees segment have received bids for 1.46 times for the Central Depository Services Limited (CDSL) IPO. The demand for the IPO was led by the non-institutional investors, who bid 563.03 times.

The objectives of the issue include achieving the benefits of listing the equity shares on NSE and to enhance its visib…

Opening Bell – Nifty, Sensex open slightly lower ahead of GST rollout

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At 9:15 AM, the BSE Sensex opened higher by 33 points at 30824, while the Nifty50 opened lower by 26 points at 9478 mark.

Bank of Baroda is the top Nifty gainer and Tech Mahindra is the top Nifty loser in the morning hours.

There are 499 advances, 914 declines and 494 unchanged stocks on NSE reflecting a negative bias floating in the market.

Now, going forward, Nifty50 has immediate support placed around 9,450, and if it holds below 9,450 it may trigger fresh selling towards the levels of 9,420 and then 9,400, while, on the upside, resistances are seen in the zone of 9,550-9,560.

The rupee opened at 64.72 per US dollar depreciated by 9 paise. On Thursday, the rupee closed at a one month low of 64.63 against the US dollar after local equity markets erased all the gains and ended little change ahead of the rollout of good and services tax from 1 July.

The US stocks plunged on Thursday, with the S&P 500 and Dow Industrial registering their worst one-day declines since May as the technolo…

Bharti Airtel touches 4-month high; stock soars over 2%

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Bharti Airtel on Thursday has hit a four-month high of Rs 386, higher by 2.4% on BSE. It extended its 3% gains of the last two trading sessions. The stock is 4% away from its 52-week high of Rs 401.

The stock was trading higher by 1.9% at Rs 384.70 per share at 1211 hours on BSE. It hit a high of Rs 386.45 and a low of Rs 376.95 so far during the day.

Bharti Airtel has outperformed the market by gaining 11% as compared to 3.5% rise in BSE Sensex since May 10, 2017, reported a leading news agency.

Bharti Airtel Limited is a global telecommunications company. Its product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high-speed home broadband, DTH and enterprise services.

Stock View :-

Bharti Airtel Ltd is currently trading at Rs 383.5, up by Rs 6.15 or 1.63% from its previous closing of Rs 377.35 on the BSE.

The scrip opened at Rs 377 and has touched a high and low of Rs 386.45 and Rs 376.95 respectively. So far 1238909(NSE+BSE) shares were traded o…

Housing Finance cos extend Wednesday’s gains

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Housing Finance companies have extended its Wednesday’s gains in Thursday’s trading session. There were 1276 advances, 282 declines and 388 unchanged stocks on NSE reflecting strong positive undertone floating in the market.

In line with the performance of major indices, housing finance stocks have been trading in green zone. PNB Housing Finance is the top gainer in housing finance space trading higher by 2.46% at Rs 1561 per share.

DHFL is the second top gainer in housing finance sector and also trading higher by more than 2% at Rs 436.5 per share. Indiabulls Housing Finance, Sahara Housing, HUDCO, Canfin Homes are trading higher by over 1%.

Meanwhile, Nifty was trading higher by 63 points at 9554 level and Sensex was trading up by 195 points at 31030 level in Thursday’s trading session.
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Bombay Dyeing surges nearly 2% as board recommends dividend

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Textile sector player, Bombay Dyeing & Mfg Company surged nearly 2% at Rs 83.30 per share on BSE during the morning hours of trade.

The company’s board has recommended a dividend of Rs 0.70 per equity share for the financial year ended March 31, 2017.

The stock on NSE has attracted traded volume of 6,60,737 shares, a traded value of Rs 546.63 lakhs.

On a yearly basis, the stock has outperformed BSE Small-cap index and BSE 500 index.

As per market observers, the company has been maintaining a healthy dividend payout of 32.33%.

The Bombay Dyeing and Manufacturing Company Limited is a holding company engaged in finishing of cotton and blended cotton textiles; manufacturing of bedding, quilts, pillows and sleeping bags; real estate activities, and manufacturing of polyester Staple Fiber (PSF). 

Stock view :-

Bombay Dyeing & Manufacturing Company Ltd is currently trading at Rs 82.65, up by Rs 1.05 or 1.29% from its previous closing of Rs 81.6 on the BSE.

The scrip opened at Rs 82.45 and …

Canara Bank exits Care Ratings; Crisil buys stake

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In a block deal during the early hour of trade on Thursday, 26.2 lakh shares of Care Ratings have traded at Rs 1,660 per share. Canara Bank has exited Care Ratings by selling its entire 9% stake. The bank received Rs 432 crore from the stake sale, reported a leading news agency.

Crisil bought the Care Ratings shares in the block deal, acquiring 8.9% stake at Rs 1,659.79 per share.

Meanwhile, Care Ratings was trading higher by 10.9% at Rs 1,584.90 per share at 1010 hours on BSE. The stock witnessed a spurt in the volume by more than 89.77 times. It hit a high of Rs 1,660 per share and a low of Rs 1,429 so far in the morning session.

CARE Ratings Limited offers credit assessment of companies that helps corporates to raise capital and assists the investors to take informed investment decision based on the credit risk. CARE Ratings serves corporates, financial sectors, state government entities, and local bodies worldwide.

Stock View :-

Credit Analysis & Research Ltd is currently trading …

Govt to divest 5% stake in RCF, to raise Rs 200 crore

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In line with its decision to divest from PSUs, the government has announced the sale of over 2.75 crore equity shares in Rashtriya Chemicals and Fertilizers (RCF) for about Rs 200 crore on Thursday.

At present, the government’s stake in RCF stands at 80%. It will offload 5% through the Offer for Sale (OFS) route. The floor price shall be Rs 74.25 per equity share. The shares will be sold through a separate, designated window of the stock exchanges on June 29-30.

“The President of India (acting through and represented by the Ministry of Chemicals & Fertilizers, Government of India) announced its intention to sell up to 2,75,84,405 equity shares of the company, representing 5% of the total paid-up equity share capital of the company,” said RCF in a BSE filing.

Non-retail investors can place their bids on June 29, whereas retail investors and non-retail investors can place them on the following day.

Retail investors will be allocated offer shares at a discounted price, which is at a dis…

All telecom stocks trade in green; ITI Limited top gainer

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All telecom stocks have been trading in positive territory in the morning hours on Thursday. BSE Telecom index is the top gaining index among the sectoral indices. The index was trading higher by 1.56% at 1319 level.

ITI Limited was the top gainer in the index trading higher by 3.92% at Rs 91.35 per share. Reliance Communications is the second top gainer in BSE Telecom index trading higher by 2.64% at Rs 21.4 per share. Vindhya Telelinks, Aksh Optifibre, Tata Teleservices, Bharti Airtel, On-mobile, Idea, HFCL, Bharti Infratel are also trading up by more than 1% as of 0931 hours.

Meanwhile, positive sentiments have been floating in the market in morning hours. Nifty was up by 49 points at 9542 level while Sensex was trading higher by 167 points at 31001 level.
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opening Bell – Nifty reconquers 9500, Broader markets outperform benchmarks

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At 9:15 AM, the BSE Sensex opened higher by 76 points at 30910, while the Nifty50 opened higher by 31 points at 9522 mark.

Axis Bank is the top Nifty gainer and NTPC is the top Nifty loser in the morning hours.

There are 963 advances, 369 declines and 471 unchanged stocks on NSE reflecting a positive bias floating in the market.

Nifty50 index has immediate support placed in the range of 9,450, and if it holds below 9,450, it may trigger fresh selling towards 9,420 and then 9,400 level, while on the upside, resistances are seen at the level of 9,550.

The rupee opened at 64.46 per US dollar appreciated by 9 paise. On Wednesday, the rupee weakened further to close with a marginal loss of 2 paise at 64.55 against the American currency in limited trade on the back of stray dollar demand from importers.

The US stocks showed a strong move to the upside on Wednesday. The Dow climbed 144 points to 21,455. The Nasdaq advanced 88 points to finish at 6,234 and the S&P 500 jumped 21 points to 2,44…

Top three gainers on Wednesday

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Nifty closed at 9,491 down by 20 points, whereas BSE Sensex closed lower by 123 points at 30,834.

BSE Mid-cap index closed higher by 0.23% at 14,502. BSE Small-cap index closed higher by 0.13% at 15,161. India VIX closed lower by 4.1% at 11.9 level.

There were 740 advances, 718 declines and 62 unchanged stocks on NSE, a reflecting fairly positive undertone floating in the market.

Here is a look at the top three gainers on the BSE: -

Stock NameLTP (Rs.)Change (Rs.)Change (%) Unitech 5.89 +0.52 +9.68 Welspun   Corp 107.15 +6.55 +6.51 Gujarat State Petronet 173.30 +10.55 +6.48

AU Small Finance Bank IPO subscribed by 11%

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AU Small Finance Bank Limited got subscribed by 11% as of 1500 hours on its first day of subscription on Wednesday. The total issue size of the IPO stood at 3,76,95,520 shares. The total bids received stood at 41,17,507 shares and total bids received at cut-off price stood at 32,13,129 shares.

IPO is going to issue 53,422,169 equity shares of face value Rs 10 per share. The IPO would be following the book building process wherein the price band is set at Rs 355 to Rs 358 per share. The floor price is 35.50 times the face value and the cap price is 35.80 times the face value.

The minimum order quantity for the IPO is one market lot containing 41 shares. Therefore, bids can be made for a minimum of 41 equity shares and in multiples of 41 equity shares thereafter.

The price/earnings ratio based on diluted EPS (excluding exceptional item) for FY 2017 for the issuer at the upper end of the price band is as high as 30.49 as compared to the average industry peer group
P/E ratio of 30.16.

ICICI S…

LT Foods to set up a rice processing plant in Europe

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LT Foods, a global Indian foods brand with presence in more than 65 countries today commenced operations its first rice processing plant in Europe at Rotterdam, Netherlands. LT Foods has made an investment of USD 15 million in the plant with initial capacity of 60,000 tonnes and scope for further expansion in the future. The company plans to make its most popular ‘Daawat’ brand a household name in Europe using raw material from India. The move will benefit 5000 farmer families in India with brown rice supply increasing from India.

LT Foods plant is the first rice processing plant by any Indian foods brand in Europe. LT Foods plans to expand its geographical footprint in important markets of Europe and UK through this plant by increasing its sales from the current 5,000 tonnes to 60,000 tonnes over the next 3 years.

The company would be manufacturing a wide range of rice including popular varieties like Basmati, Thai, Jasmine and American rice from the new plant. Rotterdam, which is pop…

Mold-Tek Packaging to expand capacity by investing Rs 25 crore

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Mold-Tek Packaging has decided to invest Rs 25 crore to triple its capacity of producing the Food & FMCG IML thin wall containers at their Hyderabad plants. The first phase of the project will undergo production in November 2017 and will be completed by June 2018.

Meanwhile, Mold-Tek Packaging was trading higher by 0.1% at Rs 280.65 per share at 1420 hours on BSE. It touched a high of Rs 281.85 and a low of Rs 279.30 so far during the day.

The stock has delivered more than 70% returns in a period of one year. It has outperformed both BSE small-cap and Nifty Commodities Index over the same period. Its closest peers include Essel Propack and VIP Industries.

Mold-Tek Packaging Limited is involved in the manufacturing of plastic packaging containers. The company manufactures rigid plastic packaging containers through injection moulding technology for paints, lubes, oils, food, fast-moving consumer goods (FMCG) and other sectors.

Stock View :-

Mold-Tek Packaging Ltd is currently trading at…

IPO Alert: Powerica planning Rs 800 crore issue

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Powerica, the manufacture and installer of generators, has re-energised its initial public offer (IPO) plans and is likely to hit the primary markets soon, post witnessing a slowdown affecting its IPO talks in 2011.

The company is looking to raise Rs 800 crore and market buzz suggests that it is in talks with various banks to file the draft prospectus.

The generator manufacturer in 2011 had shelved its IPO plans looking at the weak secondary market conditions. It had filed its prospectus with the SEBI, eyeing to raise Rs 600 crore through issuance of 41 lakh equity shares.

Standard Chartered Private Equity (SCPEL) which had invested Rs 150 crore in Powerica and bought Rs 50 crore from one of its promoters in October 2007 is planning to part-exit its 10 -year-old investment through this IPO.

At present, SCPE enjoys about 11.7% stake in the company. Though, how much it would sell is not ascertained.
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Zydus gets USFDA approval for Oxybutynin Chloride Extended-Release Tablets

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Zydus Cadila has received the final approval from the USFDA to market Oxybutynin Chloride Extended-Release Tablets in the strengths of 5 mg, 10 mg and 15 mg.

The drug is used to treat symptoms of overactive bladder and urine leakage. It will be manufactured at the group’s manufacturing facility at Moraiya in Ahmedabad.

Meanwhile, Cadila Healthcare was trading higher by 0.1% at Rs 526.05 per share at 1023 hours on BSE. It hit a high of Rs 532.20 and a low of Rs 524.05 so far during the morning session.

The stock has delivered more than 60% returns in a period of one year. It has outperformed both BSE Sensex and BSE Healthcare over a period of one year. Its closest peers are Lupin and Sun Pharmaceutical Industries.

Cadila Healthcare Limited, an integrated healthcare company, discovers, develops, manufactures, and markets a range of healthcare and pharmaceutical products worldwide.

Stock View :-


Cadila Healthcare Ltd is currently trading at Rs 527.25, up by Rs 1.75 or 0.33% from its previous …

खबरों वाले शेयर, इन पर बनी रहे नजर

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शेयरों की हर हलचल पर पैनी नजर रखकर अपने निवेश को सुरक्षित जरूर किया जा सकता है। यहां हम बता रहे हैं ऐसे शेयर जो रहेंगे आज खबरों में और जिनपर होगी बाजार की नजर।

इंडियाबुल्स रियल एस्टेट :-

इंडियाबुल्स रियल एस्टेट ने अपनी सब्सिडियरी इंडियाबुल्स इंफ्रास्टेट में 358 करोड़ में 10.08 फीसदी हिस्सेदारी खरीदी है। डील के बाद इंडियाबुल्स इंफ्रास्टेट कंपनी की 100 फीसदी सब्सिडियरी बन गई है।

फेडरल बैंक :-

फेडरल बैंक का क्यूआईपी इश्यू आज बंद होगा। इसका इश्यू प्राइस 116 रुपये प्रति शेयर रखा गया है।

डॉ रेड्डीज/ल्यूपिन :-

इन पर आर्थराइटिस, अल्सर की दवा का पेटेंट उल्लंघन का आरोप है। अमेरिका की दवा कंपनी होराइजन फार्मा ने ये आरोप लगाए हैं। होराइजन फार्मा ने अमेरिकी कोर्ट में इन कंपनियों के खिलाफ याचिका दायर की है। अमेरिका में जेनरिक दवा विमोवो बेचने पर रोक लग सकती है। विमोवो का पेटेंट फरवरी 2023 में एक्सपायर होगा।

माइंडट्री :-

बायबैक पर विचार के लिए कंपनी की बोर्ड बैठक प्रस्तावित है।

केसोराम इंडस्ट्रीज :-

प्रोमोटर मानव इनवेस्टमेंट ने केसोराम इंडस्ट्रीज का 13.76 फीसदी हिस्सा गिरवी रखा है

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OnMobile wins a 3 year Ringback Tone & Reverse Ringback Tone deal with Banglalink

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OnMobile Global Limited (OnMobile) on Wednesday announced that it has secured a 3-year deal with Banglalink, one of the leading digital communications services providers of Bangladesh to provide Ringback Tones and Reverse Ringback Tones to its customers.

With this win, OnMobile's flagship Ringback Tone will be available to more than 32 million customers of Banglalink in Bangladesh.

As per this agreement, OnMobile will power Amar Tune (Ringback Tone) and Priyo Tune (Reverse Ringback Tone) for Banglalink by managing the platform, content as well as business operations for the next 3 years.

OnMobile is the global leader in Ringback Tones and is known for its Technology innovations that provide an unmatched consumer experience through intelligent digital storefronts, analytic-driven customer lifecycle management, a pioneering global network operations center and a world-class content management system.
Stock view :-


OnMobile Global Ltd is currently trading at Rs 67.2, up by Rs 2 or 3.07% …

Nifty rollover increases marginally on Tuesday

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BSE Sensex opened at 30,988 up by 30 points, while the Nifty50 opened up by 9 points at the 9,520 mark.

Nifty50 index has immediate support placed in the range of 9,450, and if it slips below this support zone, the next support is likely to come around the level of 9,400, while on the upside resistance is seen in the zone of 9,550.

Nifty witnessed sharp intraday fall in Tuesday’s trading session. PSU Bank stocks were the biggest draggers for the market. As per many market observers, the correction in the market is likely to continue further.

During Tuesday’s trading session, the Nifty rollover data for the month of June stood at 47.81% as against 39.23% in the previous month. However, during Friday’s trading session, the Nifty rollover data for the month of June stood at 19.24% as against 25.03% in the previous month. Looking at current market conditions, market observers believe that Nifty and Sensex have started their downward rally and are likely to stay lower for medium term.

GST rol…

Opening Bell – Nifty oscillates around 9500, Sensex opens higher by 30 points

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At 9:15 am the BSE Sensex opened at 30,988 up by 30 points, while the Nifty50 opened up by 9 points at 9,520 mark.


Kotak Mahindra Bank is the top Nifty gainer and Asian Paints is the top Nifty loser in the morning hours. Kotak Mahindra Bank is trading at Rs 981.85 per share up by 0.73% whereas Asian Paints is trading at Rs 1,115.05 per share, down by 1.68%.

There are 508 advances, 885 declines and 495 unchanged stocks on NSE reflecting some negative bias floating in the market.

The rupee opened at 64.55 per US dollar lower by 2 paise on Wednesday. The Indian rupee closed at 64.53 a dollar, down 0.03% from its Friday’s close of 64.52, on Tuesday, erasing all the morning gains and closed little changed against the US dollar after local equity markets fell nearly 180 points.

Nifty50 index has immediate support placed in the range of 9,450, and if it slips below this support zone, the next support is likely to come around the level of 9,400, while on the upside, resistances are seen in the z…

सेंसेक्स टूटकर 31000 के नीचे बंद, निफ्टी 9500 के करीब

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जीएसटी का डर बाजार में हावी होता दिख रहा है। ग्लोबल बाजारों की सुस्ती ने भी बाजार में दबाव बनाने का काम किया। हालांकि बाजार हल्की बढ़त के साथ खुला था। लेकिन जल्दी ही बाजार में मुनाफावसूली हावी हो गई। निफ्टी भी कारोबार के दौरान 9500 के नीचे खिसक गया। हालांकि अंत में निफ्टी 9500 के ऊपर बंद होने में कामयाब रहा।

आज के कारोबार में निफ्टी ने 9473.45 तक गोता लगाया, तो सेंसेक्स 30847 तक टूट गया था। अंत में बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 180 अंक यानि 0.6 फीसदी टूटकर 30,958 के स्तर पर बंद हुआ है। वहीं एनएसई का 50 शेयरों वाला प्रमुख इंडेक्स निफ्टी 63.5 अंक यानि 0.7 फीसदी की कमजोरी के साथ 9,511.4 के स्तर पर बंद हुआ है।

मिडकैप और स्मॉलकैप शेयर भी गिरावट से बच नहीं पाए। बीएसई का मिडकैप इंडेक्स 115 अंक यानि 0.8 फीसदी की गिरावट के साथ 14,469 के स्तर पर बंद हुआ है। वहीं निफ्टी का मिडकैप 100 इंडेक्स 1.3 फीसदी की कमजोरी के साथ 17,455.6 के स्तर पर बंद हुआ है। बीएसई का स्मॉलकैप इंडेक्स 241 अंक यानि 1.6 फीसदी टूटकर 15,141 के स्तर पर बंद हुआ है।

बाजार में सबसे ज्यादा पिटाई हुई सरकारी बैंकों क…

Bank Nifty cracks 320 points

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Bank Nifty has shown weakness for whole trading session of Tuesday. The index is trading lower by 320 points or 1.34% at around 23227 level. Canara Bank and Punjab National Bank were the top losers in Bank Nifty trading lower by more than 4%.

Bank Nifty rollover data of June series as of June 23 stood at 15.98% as against 15.46% in previous month. This rollover data does not give any medium term directional signals for Bank Nifty.

The bank stocks fall comes after RBI’s latest development regarding 12 bad accounts identified for Insolvency and Bankruptcy Code. Recently, the Reserve Bank of India said that banks have to make 100% provision, if the court orders liquidation of assets and has asked banks to make 50% provision on joint loan the moment it’s refereed to NCLT. Reports also added that RBI’s new diktat could see banks face Rs 50,000 crore blow.
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Piramal Enterprises to raise Rs 500 crore via NCDs

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Piramal Enterprise’s board of directors has approved a proposal through the issuance of non-convertible debentures (NCDs) to raise up to Rs 500 crore private placement basis.

Piramal Enterprises said in a BSE filing on Tuesday said that the NCD are proposed to be listed on the wholesale debt market segment of the NSE.

The stock of the company on the NSE at Rs 2,768.65 per share lower by Rs 51.85 per share or 1.84% on the NSE at 1422 hours. The stock has delivered 99% returns in a period of one year and has outperformed the BSE Sensex and BSE Healthcare indices over the same time span.

Piramal Enterprises Ltd (PEL) is the flagship company of the Piramal group and has a presence in healthcare and financial services verticals. The group has operations in over 30 countries.


Stock view :-

Piramal Enterprises Ltd is currently trading at Rs 2774.3, down by Rs 46.3 or 1.64% from its previous closing of Rs 2820.6 on the BSE.

The scrip opened at Rs 2831.05 and has touched a high and low of Rs 2838.…

15 stocks touch 52-week high in volatile market

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Nifty and Sensex have been losing their sheen in the Tuesday’s trading session. Nifty was trading lower by around 43 points at 9,531 level, while Sensex was trading lower by 90 points at 31,047 level. Broader market indices were underperforming the major indices in the market during the afternoon hours on Tuesday.

Volatility continued to persist in the markets on Tuesday. India VIX index was trading higher by 7.5% at 12.42 level.

In such a volatile market, around 15 stocks have touched their fresh 52-week highs outperforming the market on Tuesday. These stocks include Aditya Birla Nuvo Limited, Control Print Limited, Cox & Kings Limited, Elgi Equipments Limited, Genesys International Corporation Limited, Himadri Speciality Chemical Limited, Jaiprakash Associates Limited, Magnum Ventures Limited, MEP Infrastructure Developers Limited, The Phoenix Mills Limited, SPML Infra Limited, Tejas Networks Limited, Tokyo Plast International Limited, UTI Mutual Fund - UTI-Nifty Exchange Traded …

HDFC to seek shareholders’ nod to raise Rs 85,000 crore

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HDFC, a major provider of finance for housing in India, will seek shareholder’s approval to raise RS 85,000 crore through various debt instruments.

The mortgage lender will seek its shareholder’s nod at the Annual General Meeting which is scheduled on July 26, 2017.

The fund is to be raised by issuing redeemable non-convertible debentures or other hybrid instruments on a private placement basis for cash either at par or premium or at a discount to face value depending upon the prevailing market conditions.

The stock of the company on the NSE is trading Rs 1,664 per share at Rs 12.65 per share or 0.7% at 1025 hours. The stock has delivered 36% returns in a period of one year and has outperformed the BSE Sensex and Nifty Financial Services over the same time span.
Stock view :-

Housing Development Finance Corporation Ltd is currently trading at Rs 1657.75, up by Rs 6.9 or 0.42% from its previous closing of Rs 1650.85 on the BSE.

The scrip opened at Rs 1651 and has touched a high and low…

Tejas Networks lists flat at Rs 257 per share

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Tejas Networks Limited got listed on BSE at Rs 257 per share which is its issue price. However, the stock surged by over 3% to Rs 265.9 per share in the first few minutes of trading on Tuesday.

Tejas Networks Limited got oversubscribed by 1.88 times on the last day of its IPO subscription on June 17. This IPO consisted of issuing equity shares of face value of Rs 10 each for cash, comprising of a fresh issue of equity shares aggregating up to Rs 4,500 million and an offer for sale of up to 12,711,605 equity shares by selling shareholders.

The Book Running Lead Managers (BRLMs) to the offer were Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited.

Tejas Networks Limited is an India-based optical and data networking products company with customers in over 60 countries. The company designs, develops and sells high-performance and cost-competitive products to telecommu…

Live Stock Market Updates: Nifty slips below 9550; PSU Bank stocks drag

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Nifty PSU Bank is the top losing index among the sectoral indices on NSE. Punjab National Bank (PNB) is top loser in the index. It was trading lower by over 4% at Rs 137.8 per share. Bank of Baroda is also trading lower by more than 4% at Rs 154.15 per share. Other public sector banks including Allahabad Bank, Union Bank of India, Andhra Bank, Canara Bank, Syndicate Bank and Bank of India are also trading more than 3%.

The advance declines ratio stood at 419:1093 at NSE with bears dominating the market.

At 10 AM, the S&P BSE Sensex is trading at 31084 down 53 points, while NSE Nifty is trading at 9543 down 31 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 34 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.91% at 14450, while BSE Small-cap Index is trading down 0.97% at 15232.

Some buying activity is seen in FMCG, Healthcare and Telecom while Oil & Gas, Energy, Finance, are showing weakness on BSE.

ITC Limited…

एशियाई बाजार मिलेजुले, एसजीएक्स निफ्टी सपाट

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एशियाई बाजार आज मिले जुले दिख रहे हैं। एसजीएक्स निफ्टी 0.01 फीसदी की गिरावट के साथ सपाट कारोबार कर रहा है वहीं निक्केई 0.3 फीसदी की बढ़त के साथ हरे निशान में दिख रहा है जबकि ताइवान का बाजार और शांघाई कम्पोजिट लाल निशान में दिख रहे हैं।

आज के कारोबार में जापान का निक्केई 0.3 फीसदी मजबूती के साथ 20215 के स्तर के करीब दिख रहा है। जबकि स्ट्रेट्स टाइम्स 0.4 फीसदी की मजबूती के साथ 3220 के स्तर के आसपास कारोबार कर रहा है। जबकि हैंगसेंग 0.2 फीसदी की बढ़त के साथ 25915 के स्तर के आसपास दिख रहा है। वहीं ताइवान का बाजार 0.1 फीसदी की कमजोरी के साथ 10505 अंक के आसपास दिख रहा है जबकि कोस्पी 0.1 फीसदी की मजबूती के साथ 2390 के स्तर के आसपास नजर आ रहा है। वहीं शांघाई कम्पोजिट 0.1 फीसदी की कमजोरी के साथ 3180 के स्तर के आसपास कारोबार कर रहा है। जबकि एसजीएक्स निफ्टी 0.03 फीसदी की कमजोरी के साथ 9618 के आसपास कारोबार कर रहा है।
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Gold down on firmer dollar demand

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Gold edged down on a firmer dollar ahead of a speech by Federal Reserve Chairman Janet Yellen which may give hints or possible interest rate hikes by US central bank.

Spot gold slipped 0.2% to USD 1,241.11 per ounce by 0046 GMT. It hit a near 6-week low of USD 1,236.46 in the previous session.

US gold futures for August delivery dropped 0.3% to USD 1,241.90 per ounce.

The Federal Reserve’s Janet Yellen is set to deliver a speech in Europe on Tuesday. Markets are expecting Yellen to maintain a positive outlook on the US economy despite a recent batch of weak US economic data, thereby supporting the Fed's forecast of raising interest rates once more this year and 3 times next year.

Meanwhile, Russia raised its gold holdings by 7.2 tonnes to 1,687.3 tonnes in April, according to IMF data.
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NSE bans 14 stocks in F&O segment

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Securities which are banned in the Future and Options (F&O) segment for trading include names like Bank of India, Fortis Healthcare, GMR Infrastructure, HDIL, Infibeam, IFCI, Indiabulls Real Estate, DLF, JP Associates, India Cements, Ujjivan, OBC, Wockhardt and Reliance Communication.

Generally, when the combined open interest in its derivative contracts crosses 95% of the market-wide position limit, a stock goes under the ban in F&O.

Once placed in ban period, trade is allowed only to decrease positions, basically, no new contracts/fresh positions are allowed.

The normal trading in the stock resumes only after the aggregate open interest across exchanges comes down to 80% or below of the market-wide position limit.
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Opening Bell – Markets open higher, Nifty below 9600

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At 9:15 AM, the BSE Sensex opened higher by 56 points at 31194, while the Nifty50 opened higher by 20 points at 9594 mark.

Aurobindo Pharma is the top Nifty gainer and Indiabulls Housing Finance is the top Nifty loser in the morning hours.

There are 927 advances, 513 declines and 460 unchanged stocks on NSE reflecting a positive bias floating in the market.

Nifty50 index has immediate support placed in the range of 9,550-9,540, and if it slips below this support zone, the next support is likely to come around the level of 9,510, while on the upside, resistances are seen in the zone of 9,600-9,650.

The rupee opened at 64.48 per US dollar appreciated by 3 paise. On Friday, The Indian rupee closed stronger against the US dollar tracking gains in the Asian currencies markets. The rupee closed at 64.52 a dollar, up 0.14% from its Thursday’s close of 64.60.

The US stocks closed mixed on Monday. The Dow Jones Industrial Average rose 15 points to end at 21,410. The S&P 500 finished with margi…

PSU Bank stocks lost up to 5% in last week

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Banking stocks were in action in the last week after Reserve Bank of India (RBI) announced a plan to resolve troubled assets of 12 large borrowers and had also asked banks to resolve 55 high-value cases of bad loans within six months.

RBI had identified 12 bad accounts for immediate insolvency. According to a leading business daily, the 12 bad accounts include Essar Steel, Bhushan Steel, Bhushan Power, Alok Industries, Electrosteel Steels, JP Infra, Lanco Infratech, Monnet Ispat, Jyoti Structures, ABG Shipyard, Amtek Auto and Era Infra. RBI has sent names of these accounts to the bankers so that they must get resolved immediately through the Insolvency and Bankruptcy Code, 2016 (IBC).

Following are the Nifty PSU Bank stocks that lost value in past week, from June 19 to 23, 2017: Bank   NameReturns   (%)Andhra Bank-5.84Canara Bank-4.56Bank of Baroda-4.28Oriental Bank of Commerce-4.07Union Bank of India-3.52Bank of India-3.28Syndicate Bank-3.10Punjab National Bank-2.28Allahabad…

Fertiliser stocks in focus as monsoon intensify

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Monsoon had slowed its pace in the first two weeks of June, however, it has now picked up and is likely to intensify its advancement in Central and North India, as per the reports of weather forecast agencies.

The Indian Meteorological Department (IMD) Director General, KJ Ramesh said to a leading news agency that on the western side, the monsoon is hovering around Valsad in South Gujarat and Bengal on the Eastern Side. As monsoon is covering almost all parts of the country, some of the fertiliser stocks are also gaining grounds on the bourses.

Following are the top fertiliser stocks on NSE which have gained more than 4% in the month of June:
Company   NameReturns   (%) From June 1 to June 26, 2017 Sikko Industries Ltd. 8.24 Nagarjuna Fertilizers and Chemicals Ltd. 6.98 Deepak Fertilisers & Petrochemicals   Corporation Ltd. 6.67 Madhya Bharat Agro Products Ltd 4.68 Agro Phos India Ltd. 4.25

RERA registrations to hit project launches

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The launch of as many as 5,000 new units in Mumbai may get delayed due to the initial teething problems arising from the implementation of the new RERA regulations. Under the newly instituted state Real Estate Regulatory Act (state RERA), the pace of registrations for ongoing projects in the state of Maharashtra has slowed down. As per the data available with Maharashtra RERA website, only 35 projects have been registered so far.

The speed of new launches primarily depends on how soon builders become RERA-compliant. As per market reports, registrations would pick up pace only after July 15. According to a leading research agency, slow down in sales in Mumbai and across India is imminent due to lack of project registration and slackened new launches.

Around three-fourth of the total projects registered in Mumbai belongs to the suburban area and not a single project in the main city has been listed. The registrations are slowed down mainly because of the confusions among builders regardi…

Unitech sells 74-acre land for Rs 260 crore

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During the Union government's demonetisation drive, the real estate sector was the biggest hit by the cash crunch in the country. One of the top listed real estate companies, Unitech has sold around 74-acre land in Gurgaon, Chennai and Hyderabad for Rs 260 crore to boost its cash flow and complete its ongoing projects.

The Gurgaon-based developer has sold 41 acres in Hyderabad for Rs 160 crore, 19.05 acres in Chennai for Rs 67 crore and 13.55 acres in Gurgaon for Rs 33 crore.

"With the implementation of RERA, the overall real estate market is expected to get a boost as the projects are going to get ring-fenced financially and operationally, which will, in turn, help developers in timely delivery of the projects," Unitech MD, Ajay Chandra said to a leading business news agency.

Stock View :-

Unitech Ltd ended at Rs 5.06, down by Rs 0.18 or 3.44% from its previous closing of Rs 5.24 on the BSE.

The scrip opened at Rs 5.24 and touched a high and low of Rs 5.24 and Rs 5.02 respe…