Showing posts with label Gold silver Tips. Show all posts
INDIAN BENCHMARKS ends August series with modest gains
INDIAN EQUITY
BENCHMARKS ended with amid volatility as monthly derivative contracts
expired today and investors eyed GDP April-June quarter data scheduled
for release tomorrow.
• Shares in NHPC Ltd surged as much as 6.4 per cent as Traders focus could shift to hydro power as an alternative to coal in electricity generation.
• Further, SKS Microfinance Ltd's shares rose 2.2 percent after Morgan Stanley initiated coverage with an overweight rating saying India's microfinance industry has $90 billion demand potential.
The crucial resistance for Nifty is now seen at 7970 and above this 8010. Support for the immediate term is now placed at 7940 and next support will be 7910.
• Shares in NHPC Ltd surged as much as 6.4 per cent as Traders focus could shift to hydro power as an alternative to coal in electricity generation.
• Further, SKS Microfinance Ltd's shares rose 2.2 percent after Morgan Stanley initiated coverage with an overweight rating saying India's microfinance industry has $90 billion demand potential.
The crucial resistance for Nifty is now seen at 7970 and above this 8010. Support for the immediate term is now placed at 7940 and next support will be 7910.
INDIAN BENCHMARK open higher with the Nifty rising above 7900
INDIAN BENCHMARK open higher with the Nifty rising
above 7900 level supported by positive global cues, and capital goods, oil
& gas, banks and metals stocks.
FURTHER, Aurobindo Pharma will be
expanding the capacity of its active pharmaceutical ingredients ( APIs) unit
(unit-11) in Vizag this fiscal. Indian Oil Corp is reportedly planning to raise
processing of cheaper crude oil varieties to 30% by 2017-18.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Monday while the DIIs
were net buyers of Rs. 490cr, as per the provisional figures released by
the NSE.
Banknifty nifty calls are ready,
To get the profits just join me fast Dont miss;
Bank nifty buy or sell?
call on 0731-6790000
visit us www.capitalstars,com
INDIAN BENCHMARK opened on a flat note after two-day strong rally.
INDIAN BENCHMARK opened on a flat note after two-day strong rally. The
data coming in as of yesterday is not really encouraging. Consumer inflation in
July rose to a two-month high. July CPI inflation has increased to 7.96% as
compared to 7.46% mom. IIP for June came in at a lower-than-expected 3.7% as
against the revised May 2014 level of 5%.
FURTHER, BHEL has slipped 5.4% after
a sharp 58% year-on-year drop in its net profit at Rs 194 crore for the quarter
ended June 30, 2014 (Q1), mainly due to decline in sales from power and
industry segments. Sun Pharmaceutical Industries Ltd reported net sales /
Income from operations at Rs. 3,927 crores, a growth of 13% over same quarter
last year.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs
were net sellers of Rs. 39cr, as per the provisional figures released by
the NSE.
