👍1
*🌹India Daybook – Stocks in News*
*BEL: Company signs MoU with Smiths Detection to manufacture high-energy scanning systems (Positive)
*Tech Mahindra:* Company and Tada Cognitive partner for supply chain solution (From Agencies) (Positive)
*UPL:* Company appoints Mike Frank as CEO of UPL’s Global Crop Protection (CP) business that manages all CP assets outside of India. (Positive)
*Hindustan Zinc:* DIPAM issues RFP for Engagement of Legal Advisor for stake sale in Hindustan Zinc. (Positive)
*JHS:* Consider Fund Raising Via Equity Shares or Warrants on Preferential Basis. (Positive)
*Veranda:* Wholly Owned Subsidiary signed up the Delivery Partner (DP) for its 100th centre in India and the first one in Indore (Positive)
*Ramco System:* Selected by General Atomics Aeronautical Systems, Inc, the world leader in unmanned aerial systems (Positive)
*SIS:* Signs Share Purchase Agreement for acquisition of 85% shareholding in Safety Direct Solutions (Positive)
*Kernex:* North Central Railway issues Letter of Acceptance to KERNEX-KEC Consortium for project of Rs 255.22 cr (Positive)
*Gallant Pharma:* Will be transferred from “T” to “B” group effective from September 5. (Positive)
*Dodla Dairy:* Ashoka India Equity Investment Trust Plc acquired 5,10,300 equity shares. (Positive)
*RattanIndia Power:* The company said the board of directors appointed Rajiv Rattan as an Executive Chairman of the company. (Positive)
*GMDC:* The state-run minerals firm said it is contemplating to conduct a study to determine the economic viability of setting up a rare earth elements processing unit in Gujarat. (Positive)
*LIC* intends to increase market share of non-PAR business (Positive)
*JSW Steel* arm Inversiones Eurosh Limitada to sell 70% stake held in Chile-based Santa Fe Mining to Diego Calvo SpA (Positive)
*NACL Industries:* Re-appoints M. Pavan Kumar as MD & CEO. (Neutral)
*Eicher Motors:* Total sales at 70,112 units vs Nomura estimate Of 70,000 units (Neutral)
*TVS Motor:* Total sales at 3.33 lakh units Vs Nomura estimate of 3.26 lakh units. (Neutral)
*Mahanagar Gas:* Company appoints MV Iyer as Chairperson with effect from September 1 (Neutral)
*Suven Pharma:* To Consider Declaration of Interim Dividend. (Neutral)
*GMR Infra:* To Consider fund raising of upto Rs 6000 Crores in one or more tranches vis QIP/ FCCBs. (Neutral)
*Hero Motocorp:* Sold 462,608 Units of Motorcycles & Scooters in August. (Neutral)
*Auro Pharma:* Subsidiary CuraTeQ Biologics To Invest Up To Rs 300 Cr In Capacity Expansion. (Neutral)
*Infosys:* Completes Acquisition of Life Sciences Consulting and Technology Leader, BASE life science (Neutral)
*Adani Enterprises:* Adani Enterprises will replace Shree Cement in the Nifty50 index with effect from September 30 (Neutral)
*Liquor stocks:* Delhi private liquor shops to close from Thursday, 300 govt vendors to take over retail sale (Neutral)
*NTPC:* Company gets shareholders' nod to raise up to Rs 12,000 cr via bonds (Neutral)
*ACC:* Yatin Malhotra resigns from position of CFO (Neutral)
*Aviation Stocks:* Jet fuel (ATF) price cut by 0.7% to ₹1.21 lk/kl from ₹1.22/kl in Delhi (Neutral)
*NMDC:* August production down 19% at 2.48 mt Vs 3.06 mt (YoY)
*Route Mobile:* Promoter Sunita Sandip Gupta has offloaded 6.75 lakh shares in the company
*Mahindra Logistics:* First Sentier Investors ICVC Stewart Investors Asia Pacific Sustainability Fund sold 3,68,238 shares
*BEL: Company signs MoU with Smiths Detection to manufacture high-energy scanning systems (Positive)
*Tech Mahindra:* Company and Tada Cognitive partner for supply chain solution (From Agencies) (Positive)
*UPL:* Company appoints Mike Frank as CEO of UPL’s Global Crop Protection (CP) business that manages all CP assets outside of India. (Positive)
*Hindustan Zinc:* DIPAM issues RFP for Engagement of Legal Advisor for stake sale in Hindustan Zinc. (Positive)
*JHS:* Consider Fund Raising Via Equity Shares or Warrants on Preferential Basis. (Positive)
*Veranda:* Wholly Owned Subsidiary signed up the Delivery Partner (DP) for its 100th centre in India and the first one in Indore (Positive)
*Ramco System:* Selected by General Atomics Aeronautical Systems, Inc, the world leader in unmanned aerial systems (Positive)
*SIS:* Signs Share Purchase Agreement for acquisition of 85% shareholding in Safety Direct Solutions (Positive)
*Kernex:* North Central Railway issues Letter of Acceptance to KERNEX-KEC Consortium for project of Rs 255.22 cr (Positive)
*Gallant Pharma:* Will be transferred from “T” to “B” group effective from September 5. (Positive)
*Dodla Dairy:* Ashoka India Equity Investment Trust Plc acquired 5,10,300 equity shares. (Positive)
*RattanIndia Power:* The company said the board of directors appointed Rajiv Rattan as an Executive Chairman of the company. (Positive)
*GMDC:* The state-run minerals firm said it is contemplating to conduct a study to determine the economic viability of setting up a rare earth elements processing unit in Gujarat. (Positive)
*LIC* intends to increase market share of non-PAR business (Positive)
*JSW Steel* arm Inversiones Eurosh Limitada to sell 70% stake held in Chile-based Santa Fe Mining to Diego Calvo SpA (Positive)
*NACL Industries:* Re-appoints M. Pavan Kumar as MD & CEO. (Neutral)
*Eicher Motors:* Total sales at 70,112 units vs Nomura estimate Of 70,000 units (Neutral)
*TVS Motor:* Total sales at 3.33 lakh units Vs Nomura estimate of 3.26 lakh units. (Neutral)
*Mahanagar Gas:* Company appoints MV Iyer as Chairperson with effect from September 1 (Neutral)
*Suven Pharma:* To Consider Declaration of Interim Dividend. (Neutral)
*GMR Infra:* To Consider fund raising of upto Rs 6000 Crores in one or more tranches vis QIP/ FCCBs. (Neutral)
*Hero Motocorp:* Sold 462,608 Units of Motorcycles & Scooters in August. (Neutral)
*Auro Pharma:* Subsidiary CuraTeQ Biologics To Invest Up To Rs 300 Cr In Capacity Expansion. (Neutral)
*Infosys:* Completes Acquisition of Life Sciences Consulting and Technology Leader, BASE life science (Neutral)
*Adani Enterprises:* Adani Enterprises will replace Shree Cement in the Nifty50 index with effect from September 30 (Neutral)
*Liquor stocks:* Delhi private liquor shops to close from Thursday, 300 govt vendors to take over retail sale (Neutral)
*NTPC:* Company gets shareholders' nod to raise up to Rs 12,000 cr via bonds (Neutral)
*ACC:* Yatin Malhotra resigns from position of CFO (Neutral)
*Aviation Stocks:* Jet fuel (ATF) price cut by 0.7% to ₹1.21 lk/kl from ₹1.22/kl in Delhi (Neutral)
*NMDC:* August production down 19% at 2.48 mt Vs 3.06 mt (YoY)
*Route Mobile:* Promoter Sunita Sandip Gupta has offloaded 6.75 lakh shares in the company
*Mahindra Logistics:* First Sentier Investors ICVC Stewart Investors Asia Pacific Sustainability Fund sold 3,68,238 shares
👍1
• Russia Mulls Big Purchases of ‘Friendly’ FX to Stem Ruble’s Rise
• Billionaire Adani’s Flagship Enters Key India Index in New Boost
o Changes to India’s Nifty 50 Index will be effective Sept. 30
• Brookfield, CPP Said Among Firms Eyeing Stake in NTPC Green Unit
• TPG Said to Weigh Majority Stake Sale in Indian Renewable Firm
• India Jobless Rate Rises to One-Year High in August, CMIE Says
• Goldman Cuts India Growth Outlook as Deutsche Flags Slower Hikes
• India’s Gasoline Sales Rebound from Monsoon Slump, Diesel Lags
• Monsoon Rains in India Seen More Than Normal in September: IMD
• POSCO, Greenko Partner to Make Green Hydrogen, Ammonia in India
• India July Services Exports $23.27b, Imports $13.93b: RBI
• India Gives ‘In-Principle’ Approval for Three Bulk Drug Parks
• WhatsApp Banned 2.39m Indian User Accounts in July: Statement
• Global Funds Sell Net INR22.9B of Indian Stocks on Thursday: NSE
o Domestic funds buy net 9.51b rupees of stocks
• Birla Corp (BCORP): Permanently closes Auto Trim division at Gurgaon
• Eicher Motors (EIM): Motorcycle sales up 53% y/y to 70,112 units
• Hero MotoCorp (HMCL): Aug. vehicle sales 462,608 vs. 453,879 a year ago
• Life Insurance Corp. (LICI): LIC Plans to Increase Market Share of Non-Par Business: Chairman
• NMDC (NMDC): Aug. sales 2.83m tons Vs. 2.91m Y/y; Production -19% y/y to 2.48m tons
• SIS (SECIS): Buys 85% stake in Australia’s Safety Direct for A$5 million
• Tech Mahindra (TECHM): Partners with Tada Cognitive for supply chain solution
• TVS Motor (TVSL): Aug. Vehicle Sales 333,787 Units Vs. 290,694 Y/y
• Billionaire Adani’s Flagship Enters Key India Index in New Boost
o Changes to India’s Nifty 50 Index will be effective Sept. 30
• Brookfield, CPP Said Among Firms Eyeing Stake in NTPC Green Unit
• TPG Said to Weigh Majority Stake Sale in Indian Renewable Firm
• India Jobless Rate Rises to One-Year High in August, CMIE Says
• Goldman Cuts India Growth Outlook as Deutsche Flags Slower Hikes
• India’s Gasoline Sales Rebound from Monsoon Slump, Diesel Lags
• Monsoon Rains in India Seen More Than Normal in September: IMD
• POSCO, Greenko Partner to Make Green Hydrogen, Ammonia in India
• India July Services Exports $23.27b, Imports $13.93b: RBI
• India Gives ‘In-Principle’ Approval for Three Bulk Drug Parks
• WhatsApp Banned 2.39m Indian User Accounts in July: Statement
• Global Funds Sell Net INR22.9B of Indian Stocks on Thursday: NSE
o Domestic funds buy net 9.51b rupees of stocks
• Birla Corp (BCORP): Permanently closes Auto Trim division at Gurgaon
• Eicher Motors (EIM): Motorcycle sales up 53% y/y to 70,112 units
• Hero MotoCorp (HMCL): Aug. vehicle sales 462,608 vs. 453,879 a year ago
• Life Insurance Corp. (LICI): LIC Plans to Increase Market Share of Non-Par Business: Chairman
• NMDC (NMDC): Aug. sales 2.83m tons Vs. 2.91m Y/y; Production -19% y/y to 2.48m tons
• SIS (SECIS): Buys 85% stake in Australia’s Safety Direct for A$5 million
• Tech Mahindra (TECHM): Partners with Tada Cognitive for supply chain solution
• TVS Motor (TVSL): Aug. Vehicle Sales 333,787 Units Vs. 290,694 Y/y
👍2
F&O turnover on NSE 1-Sep-2022: 313 Lakh crore (highest ever)
#alliesfin #nse #derivatives
Size of Indian GDP: 155 Lakh crore
#alliesfin #nse #derivatives
Size of Indian GDP: 155 Lakh crore
GAIL INDIA - 1 Bonus Share for every 2 Shares
Record Date : 7th September
Ex-Date : 6th September
Last Date to get Entitlement : 5th September
Current Lot Size in F&O : 6,100 Shares
Revised Lot Size from Ex-Date : 9,150
Those having any position in GAIL INDIA may note👍
LIKE SHARE EDUCATE 😊
Record Date : 7th September
Ex-Date : 6th September
Last Date to get Entitlement : 5th September
Current Lot Size in F&O : 6,100 Shares
Revised Lot Size from Ex-Date : 9,150
Those having any position in GAIL INDIA may note👍
LIKE SHARE EDUCATE 😊
Thank you for Showing Interest in Earnings in Stock Market with Learnings...
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CFA India Society_US_3 Sep.pdf
897 KB
Emailing CFA India Society_US_3 Sep.pdf
*SGX Nifty -60 pts (17498) from last trade 17558 ,*
Nikkei -53 pts ,
Hangseng -153 pts ,
Now @6.52am .
Dow -337.98 pts ,Nsdq -154.26 pts, S&P
-42.59 pts, Bovespa +458 pts , Ftse +132 Pts , Dax +420 pts , Cac +133 pts , Crude @ $88.26 brl (+1.39), Brent @ $94.58 brl (+1.56) , Gold @ 1719.30 (-3.30), Silver @ $17.84 (-0.04), Euro @ $0.9914, JPY @ $140.38, INR @ 79.725
*Today's Corporate Action*
*5th Sep Ex Date*
BHARATRAS
Final Dividend - Rs. - 1.5000
EMMBI
Dividend - Rs. - 0.6000
GARFIBRES
Final Dividend - Rs. - 7.0000
ISFT
Final Dividend - Rs. - 1.0000
MANGCHEFER
Dividend - Rs. - 1.2000
NATPEROX
Dividend - Rs. - 5.0000
TRANSPEK
Dividend - Rs. - 22.5000
YUKEN
Final Dividend - Rs. - 0.8000
*Today's Key Results/Board Meetings*
*05-Sep-22*
ACESOFT
A.G.M.
ALFAVIO
A.G.M.;Dividend;General
ANG
A.G.M.;General
ARIHANT
General
ATAM
A.G.M.;Final Dividend
BALGOPAL
A.G.M.
BGJL
A.G.M.;General
BRANDBUCKT
A.G.M.
CANOPYFIN
A.G.M.
COMSYN
A.G.M.;Final Dividend;General
CONTPTR
A.G.M.;General
COVIDH
A.G.M.
DOLPHMED
A.G.M.;General
DSSL
A.G.M.;General
EASTWEST
A.G.M.;General
FEDDERELEC
Audited Results;Quarterly Results
FOCUS
A.G.M.
GANHOLD
A.G.M.;General
GISOLUTION
General
GOBLIN
General
GRADIENTE
A.G.M.;General
HANMAN
A.G.M.
HARDWYN
Amalgamation
HARISH
A.G.M.;Issue Of Warrants;General;Preferential Issue of shares
HITTCO
A.G.M.
INDOSOLAR
Audited Results;General
INDRANIB
A.G.M.
INNOVTEC
General
JAINCO
A.G.M.
JAINMARMO
A.G.M.
JANUSCORP
A.G.M.
JAUSPOL
General
JINDCOT
A.G.M.
KLKELEC
A.G.M.
KSERASERA
A.G.M.
LYKALABS
General
MAHALXSE
General
MEWATZI
General;Preferential Issue of shares
MFLINDIAA.G.M.
MRP
A.G.M.
MTCL
A.G.M.
MTPL
A.G.M.;Audited Results
NAM
A.G.M.
NAVODAYENT
A.G.M.
NIVAKA
A.G.M.;General
PADMALAYAT
A.G.M.;General
PRAENG
A.G.M.
PRISMMEDI
A.G.M.;General
RAINBOWF
Dividend on Preference Shares;General
RIDINGS
A.G.M.
SAMYAKINT
A.G.M.;General
SIKOZYA.G.M.
SKC
General
SOBME
A.G.M.;General
STURDY
A.G.M.;General
SVPGLOB
A.G.M.
TARINI
A.G.M.
TERRAFORM
A.G.M.
TERRAREAL
A.G.M.
UNQTYMI
A.G.M.;General
VENMAX
A.G.M.
WOODSVILA
A.G.M.;General
*Stock under F&O ban on NSE*
*05-Sep-22*
1DELTACORP
Nikkei -53 pts ,
Hangseng -153 pts ,
Now @6.52am .
Dow -337.98 pts ,Nsdq -154.26 pts, S&P
-42.59 pts, Bovespa +458 pts , Ftse +132 Pts , Dax +420 pts , Cac +133 pts , Crude @ $88.26 brl (+1.39), Brent @ $94.58 brl (+1.56) , Gold @ 1719.30 (-3.30), Silver @ $17.84 (-0.04), Euro @ $0.9914, JPY @ $140.38, INR @ 79.725
*Today's Corporate Action*
*5th Sep Ex Date*
BHARATRAS
Final Dividend - Rs. - 1.5000
EMMBI
Dividend - Rs. - 0.6000
GARFIBRES
Final Dividend - Rs. - 7.0000
ISFT
Final Dividend - Rs. - 1.0000
MANGCHEFER
Dividend - Rs. - 1.2000
NATPEROX
Dividend - Rs. - 5.0000
TRANSPEK
Dividend - Rs. - 22.5000
YUKEN
Final Dividend - Rs. - 0.8000
*Today's Key Results/Board Meetings*
*05-Sep-22*
ACESOFT
A.G.M.
ALFAVIO
A.G.M.;Dividend;General
ANG
A.G.M.;General
ARIHANT
General
ATAM
A.G.M.;Final Dividend
BALGOPAL
A.G.M.
BGJL
A.G.M.;General
BRANDBUCKT
A.G.M.
CANOPYFIN
A.G.M.
COMSYN
A.G.M.;Final Dividend;General
CONTPTR
A.G.M.;General
COVIDH
A.G.M.
DOLPHMED
A.G.M.;General
DSSL
A.G.M.;General
EASTWEST
A.G.M.;General
FEDDERELEC
Audited Results;Quarterly Results
FOCUS
A.G.M.
GANHOLD
A.G.M.;General
GISOLUTION
General
GOBLIN
General
GRADIENTE
A.G.M.;General
HANMAN
A.G.M.
HARDWYN
Amalgamation
HARISH
A.G.M.;Issue Of Warrants;General;Preferential Issue of shares
HITTCO
A.G.M.
INDOSOLAR
Audited Results;General
INDRANIB
A.G.M.
INNOVTEC
General
JAINCO
A.G.M.
JAINMARMO
A.G.M.
JANUSCORP
A.G.M.
JAUSPOL
General
JINDCOT
A.G.M.
KLKELEC
A.G.M.
KSERASERA
A.G.M.
LYKALABS
General
MAHALXSE
General
MEWATZI
General;Preferential Issue of shares
MFLINDIAA.G.M.
MRP
A.G.M.
MTCL
A.G.M.
MTPL
A.G.M.;Audited Results
NAM
A.G.M.
NAVODAYENT
A.G.M.
NIVAKA
A.G.M.;General
PADMALAYAT
A.G.M.;General
PRAENG
A.G.M.
PRISMMEDI
A.G.M.;General
RAINBOWF
Dividend on Preference Shares;General
RIDINGS
A.G.M.
SAMYAKINT
A.G.M.;General
SIKOZYA.G.M.
SKC
General
SOBME
A.G.M.;General
STURDY
A.G.M.;General
SVPGLOB
A.G.M.
TARINI
A.G.M.
TERRAFORM
A.G.M.
TERRAREAL
A.G.M.
UNQTYMI
A.G.M.;General
VENMAX
A.G.M.
WOODSVILA
A.G.M.;General
*Stock under F&O ban on NSE*
*05-Sep-22*
1DELTACORP
Namaste !!
*Good Morning*
• Cyrus Mistry, Heir to One of India’s Oldest Fortunes, Dies at 54
• India August Trade Gap Narrows on Easing Commodity Prices
o India’s trade deficit stood at $28.6 billion last month
• UK Slips Behind India to Become World’s Sixth Biggest Economy
• India Plans to Become Green Hydrogen Giant to Cut Energy Imports
o Country aims to increase annual capacity to 25 million tons
• Indian Anti-Money Laundering Agency Searches Paytm, Razorpay
• Sugar Rallies on Concern India Export Limits Will Tighten Supply
o Plexus Cotton projects big drop in world cotton demand
• India Has Enough Rice to Ease Food Crisis Fears: Supply Lines
• Skyroot Aerospace Raises $51M Led by GIC in Series-B Funding
• India’s FX Reserves Fall $3B to $561.05b in Week to Aug. 26
o India Official Reserves Drop to Lowest Since Oct. 2020
• India May Allow 8 Million Tons Sugar Exports Over Few Tranches
• Monsoon- Sown Rice Area Drops in India, Cotton Planting Rises
• Global Funds Sell Net INR87.9M India Stocks on Sept. 2: NSE
o Domestic funds sell net 6.69b rupees of stocks
• Senior US diplomats to visit India this week, to hold key meetings on maritime security dialogue: PTI
• Govt may invite preliminary bids by March for sale of NMDC’s steel plant: PTI
• PSU banks to open about 300 branches in unbanked areas by Dec 2022: PTI
• FM Sitharaman bullish on double-digit GDP growth: PTI
• SC to hear plea on violence against doctors Monday: PTI
• Rajapaksa Returns to Sri Lanka Weeks After Losing Power, AP Says
• 10:30am: S&P Global India PMI Services for Aug., prior 55.5
• 10:30am: S&P Global India PMI Composite for Aug., prior 56.6
• Hindalco (HNDL): Aluminum Buyer Novelis Excludes Russian Metal in Supply Deal
• Hindustan Aeronautics (HNAL) and L&T (LT): Wins INR8.6b deal from NSIL to entirely build 5 PSLV rockets: PTI
• JSW Steel (JSTL): Life Insurance Corp.’s holding in JSW Steel has risen to 7.01%
• SpiceJet (SJET): Gets up to 3-months extension of time to hold AGM
• Wipro (WPRO): Wipro and Cisco to Deliver Hybrid Cloud As-A-Service
*Good Morning*
• Cyrus Mistry, Heir to One of India’s Oldest Fortunes, Dies at 54
• India August Trade Gap Narrows on Easing Commodity Prices
o India’s trade deficit stood at $28.6 billion last month
• UK Slips Behind India to Become World’s Sixth Biggest Economy
• India Plans to Become Green Hydrogen Giant to Cut Energy Imports
o Country aims to increase annual capacity to 25 million tons
• Indian Anti-Money Laundering Agency Searches Paytm, Razorpay
• Sugar Rallies on Concern India Export Limits Will Tighten Supply
o Plexus Cotton projects big drop in world cotton demand
• India Has Enough Rice to Ease Food Crisis Fears: Supply Lines
• Skyroot Aerospace Raises $51M Led by GIC in Series-B Funding
• India’s FX Reserves Fall $3B to $561.05b in Week to Aug. 26
o India Official Reserves Drop to Lowest Since Oct. 2020
• India May Allow 8 Million Tons Sugar Exports Over Few Tranches
• Monsoon- Sown Rice Area Drops in India, Cotton Planting Rises
• Global Funds Sell Net INR87.9M India Stocks on Sept. 2: NSE
o Domestic funds sell net 6.69b rupees of stocks
• Senior US diplomats to visit India this week, to hold key meetings on maritime security dialogue: PTI
• Govt may invite preliminary bids by March for sale of NMDC’s steel plant: PTI
• PSU banks to open about 300 branches in unbanked areas by Dec 2022: PTI
• FM Sitharaman bullish on double-digit GDP growth: PTI
• SC to hear plea on violence against doctors Monday: PTI
• Rajapaksa Returns to Sri Lanka Weeks After Losing Power, AP Says
• 10:30am: S&P Global India PMI Services for Aug., prior 55.5
• 10:30am: S&P Global India PMI Composite for Aug., prior 56.6
• Hindalco (HNDL): Aluminum Buyer Novelis Excludes Russian Metal in Supply Deal
• Hindustan Aeronautics (HNAL) and L&T (LT): Wins INR8.6b deal from NSIL to entirely build 5 PSLV rockets: PTI
• JSW Steel (JSTL): Life Insurance Corp.’s holding in JSW Steel has risen to 7.01%
• SpiceJet (SJET): Gets up to 3-months extension of time to hold AGM
• Wipro (WPRO): Wipro and Cisco to Deliver Hybrid Cloud As-A-Service
US stocks continued to trade lower on Friday after investors' fears on FED rate action resurfaced and Russia's Gazprom decided to suspend supply to Europe till further notice. Stocks rallied post jobs data that showed in-line print but the rally faded as the 'Goldilocks' feeling did not last. Both Dow and S&P lost 1.07% a piece and Nasdaq closed 1.31% lower.
USD index traded flat near 109.63, 10 year retreated to trade below 3.20% and Cboe Vix fell to close below 25.50.
Crude futures traded steady after dramatic sell-off of past few days, Brent traded near 93, WTI near 87.
Indian markets continued to struggle for direction ahead of crucial US jobs data. Global market weakness added some more uncertainty. Indices closed near flat zone as gains from Cap Goods and BFSI names got offset by weakness in IT, Auto and heavyweights like RIL.
Stocks may continue to struggle for direction as mixed news on economic front and uncertainty over quantum of FED rate action keeps markets volatile. Participants may remain watchful and use rotational moves for near term trade and investors may keep some powder dry for some sudden shocks for long term investments.
T.me/AlliesFin
(prices as on 5.15 am IST)
USD index traded flat near 109.63, 10 year retreated to trade below 3.20% and Cboe Vix fell to close below 25.50.
Crude futures traded steady after dramatic sell-off of past few days, Brent traded near 93, WTI near 87.
Indian markets continued to struggle for direction ahead of crucial US jobs data. Global market weakness added some more uncertainty. Indices closed near flat zone as gains from Cap Goods and BFSI names got offset by weakness in IT, Auto and heavyweights like RIL.
Stocks may continue to struggle for direction as mixed news on economic front and uncertainty over quantum of FED rate action keeps markets volatile. Participants may remain watchful and use rotational moves for near term trade and investors may keep some powder dry for some sudden shocks for long term investments.
T.me/AlliesFin
(prices as on 5.15 am IST)