For more updates on free stock tips,free equity tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.
Despite the Fed not hiking rates, the gains in the Indian markets are likely to be capped today. Asian markets were mixed today after US flagged off concerns over global growth, particularly China. Overnight, the Wall Street also gave up gains to end lower.
Tata Steel will sell shares in automaker Tata Motors worth up to USD 188 million. The shares are being offered in an indicative range of Rs 324.50 to Rs 338.05 each, with the deal worth up to Rs 1250 crore, the terms showed. The lowest price in the range represents a discount of up to 4 percent to their September 16 close of Rs 338.05.
For more news on free stock tips,free equity tips,free share tips,free mcx tips please visit us at www.marketmagnify.com/freetrial.php or call at 007316619100.
The S&P BSE Sensex rallied over 300 points on Friday, after the US Federal Reserve held off raising interest rates. The rally in the index was led by gains in HDFC, ICICI Bank, Infosys, Axis Bank, and HDFC Bank.The 50-share Nifty index reclaimed its crucial psychological level of 7950, supported by gains in banks, metal, FMCG, and realty stocks.
India's rupee, stocks and bonds gained on Friday on rising expectations the Reserve Bank of India will have scope to cut key lending rate later this month now that the U.S. Federal Reserve has kept its interest rates unchanged.The Fed on Thursday cited worries about the global economy as a key factor compelling it to keep its monetary policy unchanged for now.
Traders had feared a rate hike on Thursday would have sparked volatility in emerging markets and kept the RBI from cutting the repo rate for a fourth time this year at its policy review on Sept. 29.
For more updates on free stock tips on mobile,free equity tips,free mcx tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.
Indian shares are likely to surge at open, following a Wall Street rally overnight, as markets go into a crucial Federal Reserve monetary policy meeting with expectations the Fed won't hike interest rates. In Singapore trading, the SGX Nifty was trading up 73.50 points, or nearly 1 percent, to 7,896 level at 7:45 am today.
Indian markets are likely to remain volatile today ahead of the US Fed rate decision on Thursday. Indian markets will be closed on Thursday for a holiday.After the Fed rate decision the next trigger for markets would be the Reserve Bank of India policy review on September 29. Most analysts say that if the Fed rate decision does not trigger a turmoil in global markets, the RBI may cut rates by at least 25 bps.
For more updates on free stock tips on mobile,free equity tips,free mcx tips please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.
The S&P BSE Sensex surged over 200 points in trade on Wednesday tracking positive trend seen in other Asian markets. The rally in the index was led by gains in Sun Pharama, ICICI Bank, HDFC, HDFC Bank, and TCS.The 50-share Nifty index also reclaimed its crucial psychological level of 7,850, supported by gains in metal, realty, IT, banks, and Pharma stocks.
Orchid Chemical gained over 4 per cent while Vedanta added over 4 per cent. Arvind Infra surged 5 per cent while Sun Pharma was up over 2 per cent. TVS Motor was up over 2 per cent.
For more updates on free mcx tips,free equity tips,free stock trading tips please visit us at www.marketmagnify.com/freetrial.php or contact us at 07316619100.
The market has opened marginally lower in early trade on profit booking after yesterday's rally. The Sensex declined 36.53 points to 25820.17 and the Nifty fell 20.40 points to 7851.85. About 361 shares have advanced, 292 shares declined, and 28 shares are unchanged on the BSE.
The government on Monday imposed a 20 per cent safeguard import tax on some steel products with immediate effect. This is likely to bring steel stocks like Tata Steel and JSW steel in focus.
Analysts also remain worried over selling from foreign investors though it has eased in recent sessions. Foreign investors sold a record Rs 16,877 crore worth of domestic stocks in August. Foreign investors bought (net) Indian shares worth Rs 58.75 in cash market on Monday - their first single-day net purchase so far this month.
For more updates on free mcx tips,free equity tips,free stock trading tips please visit us at www.marketmagnify.com/freetrial.php or contact us at 07316619100.
The S&P BSE Sensex started on a cautious note on Tuesday following muted trend seen in other Asian markets. The fall in the index was led by losses in M&M, Vedanta, Bharti Airtel, Hero MotoCorp, and HDFC.The 50-share Nifty index was trading around its crucial psychological level of 7,850, weighed down by losses in banks, power and IT related stocks.
India's inflation dived to a new low in August, helped by falling global commodity prices, bolstering prospects of an interest rate cut by the central bank later this month.India's Housing Development Finance Corp plans to raise atleast 10 billion rupees selling bonds maturing in five years,three merchant bankers said on Monday. The company will pay an annual coupon of 8.65 percent on the notes.
For best news on free stock tips on mobile,free equity tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.
The market has opened flat on Monday. The Sensex is down 30.66 points at 25579.55 and the Nifty is down 13.00 points at 7776.30. About 429 shares have advanced, 204 shares declined, and 34 shares are unchanged. Tata Steel, Wipro, Sun Pharma, TCS and HUL are top gainers while ICICI Bank, Infosys, Reliance, Vedanta and HDFC are early losers.
Sun Phrama rises 1.4 per cent to hit high of Rs 858 after Taro Keveyis drug at a high price $163.8/tablet implying annual cost of $120,000 per patient. Size of the drug depends on how many patients shift to Keveyis, every 1,000 patients shifting to Keveyis will add $120 million to gross sales. Keveyis is used to treat periodic paralysis.
For more news on free stock tips on mobile,free equity tips on mobile please visit us at www.marketmagnify.com/freetrial.php or call at 07316619100.
The S&P BSE Sensex turned flat after rallying as much as 95 points in trade on Monday, led by losses in ICICI Bank, Infosys, HDFC, ONGC, and Coal India.
The 50-share Nifty index pared gains after reclaiming its crucial psychological level of 7800, weighed down by losses in FMCG, consumer durable, banks and realty stocks. Just Dial gained over 3 per cent while L%T Finance Holding added 5 per cent. Amtek Auto rallied 18 per cent while Kesoram Inds surged over 7 per cent. Man Infra and Just Dial gained over 3 per cent each.
India's inflation probably cooled further in August, data on Monday is expected to show, adding pressure on its cautious central bank to cut interest rates again as soon as this month to spur economic growth.India's current account deficit widened to $6.2 billion,or 1.2 percent of gross domestic product, in April-June from the previous quarter, reflecting the worsening global economy as exports were sluggish while foreign investments fell.
Despite the Fed not hiking rates, the gains in the Indian markets are likely to be capped today. Asian markets were mixed today after US flagged off concerns over global growth, particularly China. Overnight, the Wall Street also gave up gains to end lower.
