Jul 26, 2017 - Economy News. â¢. 7th Pay Commission: The Centre ... Public Sector Banks consolidation: Govt likely to m
Morning Note
MARKET ROUND UP
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18 July, 2017
Indian Markets Indian shares fell on Tuesday from record highs hit in the previous session as the country's biggest cigarette maker and index heavyweight ITC Ltd plunged after the federal government increased tax on cigarettes. The broader NSE index was 0.63 percent lower at 9,853.50, while the benchmark BSE index fell 0.83 percent to 31,808.53. Stocks such as Tata Consultancy Services Ltd and Yes Bank Ltd were 1 percent and 1.5 percent higher respectively, after declining for the last two sessions. The BSE Sensex fell 1.1 percent, posting its biggest daily percentage drop this year and retreating from a record high in the previous session.
Key Indices SENSEX Nifty 50 DJIA DAX FTSE 100 NIKKEI KOSPI Composite SSE Composite
Index % Chg 31710.99 -1.13 9827.15 -0.9 21602.5 0 12430.39 -1.26 7390.22 -0.19 20021.49 +0.11 2422.44 -0.15 3198.97 +0.36 Nifty 9728 9680 9885 9920
Support Resistance
US & European Markets A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman Sachs Group Inc (GS.N) dragged the Dow lower as earnings take centre stage on Wall Street. The Nasdaq posted its eighth consecutive session of gains, the longest streak since its 10-day string in February 2015. The tech-heavy index was largely boosted by Netflix (NFLX.O). The movie streaming company rose 13.5 percent to $183.60 a day after it crushed Wall Street forecasts by reporting 5.2 million new streaming customers in the second quarter. Bourses in Europe closed lower on Tuesday as global sentiment was dampened by a gridlock in U.S. politics over health-care reform. The pan-European Stoxx 600 sunk 1.11 percent lower by close of play while U.S. markets opened in the red, responding to the collapse of Republicans' plans to replace Obamacare with a new health-care bill. Asian Markets Asian shares stepped back from more than two-year highs on early Tuesday while the dollar sagged on Global Indices
Currencies Australia's main index climbed 0.7 percent, but the strength of the yen nudged Japan's Nikkei down 0.1 percent. Outlook Markets are expected to open in flattish to slightly positive on early trades following the Asian and other global markets.
Index % Chg NIFTY BANK 24022.05 +0.03 NIFTY ENERGY 12373.2 -1.25 NIFTY INFRA 3346.85 -0.06 NIFTY IT 10493.2 0 NIFTY PHARMA 10024.3 +0.30 NIFTY MIDCAP 100 18216.6 -0.52
Sector Indices
Top Gainers (NSE)
CMP (Rs)
% Chg
EICHERMOT ASIANPAINT HCLTECH
28615 1146.5 880.25
1.98 1.87 1.4
CMP (Rs)
% Chg
284.7 1520.5 378
-12.44 -2.01 -2.11
Top Losers (NSE) ITC RELIANCE GAIL 52 Week High ACC LIMITED ASHOKLEY
Price (Rs)
52 Week Low
Price (Rs)
1809 109.7
CAPITAL TRUST LTD DS KULKARNI
Volatility Index INDIA VIX Net Flows (Cr)
357 25.1
Nifty Change % 11.49 +0.26 Net FII
Net DII
July 18
+317.44
-975.01
Interest Rates
Value Change %
10 Yr bond yield
Exchange Rates USD/INR EUR/INR
6.629
-0.15
Value % Chg 64.3337 74.2840
-0.03 +0.68
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News Flash Economy News
7th Pay Commission: The Centre has extended by three months the deadline to receive complaints and dispose of pay- related anomalies by its employees vis-a-vis the seventh pay commission report. This is the second such extension granted by the Centre. The original time-limit to receive complaints on any discrepancy arising out of the implementation of the Seventh Central Pay Commission report was February 15.
India's GDP could rise to about USD 8 trillion over the next 15 years if the country registers an economic growth of 8 per cent annually and come very close to eliminating abject poverty entirely, NITI Aayog Vice Chairman Arvind Panagariya has said.
Public Sector Banks consolidation: Govt likely to make M&A announcement in August. The government is considering undertaking a test case for inducing consolidation in public sector banks (PSBs) and an announcement is expected in August. The process of the mergers will be undertaken under the ambit of Banking Companies Act. Government will evaluate critical issues such as liabilities of companies, business mix, technological platforms, HR issues etc before a merger is announced.
For forthcoming Board Meeting, click on the following link http://www.bseindia.com/corporates/board_meeting.aspx? expandable=0
Corporate News
Gujarat High Court dismissed Essar Steel's petition against the Reserve Bank of India (RBI) On July 17. Essar Steel, which has debt of over Rs 40,000 crore, said they should have been given a chance to present their case before the release of the RBI circular as they have been in talks to resolve their debt issues.
The second largest airline Jet Airways in massive expansion mode adds 96 new weekly flights during the Monsoon season, including 14 new direct, non-stop flights to small towns.
Market regulator Sebi on Tuesday asks banks to make additional disclosure on loans. The move is expected to help banks recognise their stressed assets as non-performing more uniformly. The banks will have to disclose where additional provisioning requirements assessed by Reserve Bank of India (RBI) exceed 15 per cent of the net profit for the reference period.
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Commodities News
Gold faces resistance at $1,247, 100-day moving average. Indian gold imports surge ahead of tax change. ETF holdings still falling (Updates prices). July 18 Gold prices hit a two-week high on Tuesday as the dollar fell on fading prospects of an imminent increase in U.S. interest rates and expectations of stronger demand from the physical market. Spot gold was up 0.5 percent at $1,240.51 an ounce
Oil prices pulled back slightly after the close of Tuesday's trading session as an industry group reported a surprise rise in U.S. crude stockpiles. Crude inventories rose by 1.6 million barrels in the week to July 14 to 497.2 million, the American Petroleum Institute said, compared with analysts' expectations for a decrease of 3.2 million barrels.
Commodity Pivot Table for 07/06/2017
Scrip ALUMINIUM
31-Jul-17
CARDAMOM COPPER CRUDEOIL GOLD LEAD NATURALGAS NICKEL SILVER ZINC
14-Jul-17 31-Aug-17 19-Jul-17 4-Aug-17 31-Jul-17 26-Jul-17 31-Jul-17 5-Sep-17 31-Jul-17
Pivot point R1 R2 122.57 123.68 124.37 1045.00 1056.50 1071.50 388.43 390.22 391.43 2979.67 3010.33 3047.67 28221.00 28317.00 28381.00 152.00 151.05 148.25 197.20 199.90 201.70 621.53 629.47 634.43 37596.00 37875.00 38055.00 179.63 181.17 183.13
R3 S1 125.48 121.88 1083.00 1030.00 393.22 387.22 3078.33 2942.33 28477.00 28157.00 154.80 149.20 204.40 195.40 642.37 616.57 38334.00 37416.00 184.67 177.67
S2 S3 120.77 120.08 1018.50 1003.50 385.43 384.22 2911.67 2874.33 28061.00 27997.00 145.45 146.40 192.70 190.90 608.63 603.67 37137.00 36957.00 176.13 174.17
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Weekly consolidated call tracker Segment – NSE Cash and F&O Date 17-Jul-17 17-Jul-17 17-Jul-17 17-Jul-17 17-Jul-17 18-Jul-17 18-Jul-17 18-Jul-17 18-Jul-17 18-Jul-17 18-Jul-17 17-Jul-17 18-Jul-17 17-Jul-17 18-Jul-17
Stock ABFRL DLF CIPLA JKTYRE RECLTD ZEEL BPCL GLENMARK ROLTA CIGNITITEC APOLLOTYRES IBULHSGFIN 27JUL FUT TCS 27JUL FUT TATAMOTORS 27JUL 460CE AXISBANK 27JUL 520 CE
Trade BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY
Entry 183.1 202.9 550.85 167.2 186.3 525 473.5 686.85 61.6 297 256.3 1125.9 2427.1 7.5 9.6
Stoploss 181 200 543 167 183 520 468 676 60.8 292 254 1080 2380 6.4 8.5
Target1 184.9 204.8 557 169 189 531.6 478.8 697 62.6 302.2 259.6 1180 2500 9 10.7
Target2 186.6 206.4 564 171 192 540 707 63.5 304.8 262.5 1200
Booked 184.9 204.9 559 166.7 188 531 468 693.34 60.8
9.5 11.5
254
11.2
Remark Target Target Target SL Target Target SL Target SL Open SL Open Open SL Target
Segment – MCX Date 17-Jul-17 17-Jul-17 17-Jul-17 18-Jul-17 18-Jul-17 18-Jul-17 18-Jul-17
Commodity SILVER Sep Fut NICKEL Jul Fut LEAD Jul Fut ZINC July Fut COPPER Aug Fut GOLD Aug Fut LEAD Jul Fut
Performance Report Total Profit Made Consolidated Total Profit Made this Week
Trade BUY BUY SELL SELL SELL BUY SELL
Entry 37300 620 148.25 179.15 387 28210 145.8
Stoploss 37000 612 149.25 180.25 391 28100 146.65
Equity + Fut+Options (Rs) 4256017 50403
Target1 37700 628 147.25 177.5 383 28310 144.5
Target2
Booked 37440 624.6 147.25 178.3 28260 144.65
Remark Target Target Target Target Near to cost Target Target
Commodity (Rs) 3194370 27750
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