Monday, 30 April 2018

Larsen & Toubro Has Successfully Synchronised The Unit 3 Of The State

Larsen & Toubro has successfully synchronised the Unit-3 of the state-of-the-art 2x660 MW Shree Singaji Thermal Power Plant in Madhya Pradesh in record time of 40 months for indigenously built power plants in India.

L&T’s scope of work includes design, engineering, supply, installation and commissioning of Units 3 & 4 of the coal-fired power plant on a turnkey basis. The EPC contract was awarded to L&T on December 31, 2014.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

PC Jeweller Rallied Nearly 18 Percent As Board Of Directors Will Consider Share

PC Jeweller rallied nearly 18 percent as board of directors will consider share buyback next month.

"A meeting of the board of directors of the company will be held on May 25, 2018, to consider the proposal for buy back of fully paid-up equity shares of the company," the jewellery maker said in its filing to exchanges.

The board members will also consider and approve the audited standalone and consolidated financial results for the quarter / financial year ended March 31, 2018.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 27 April 2018

Shares Of Axis Bank Witnessed Extreme Movements In Morning Trade

Shares of Axis Bank witnessed extreme movements in morning trade as the scrip recovered from 3 percent lows to be trading over 5.5 percent higher. Experts were anticipating a lower opening on the back of its dismal performance in the March quarter.

The stock touched an intraday high of Rs 522.00 and an intraday low of Rs 479.00.

Among key possibilities for the rise could be attractive valuations along with reportage of a kitchen-sink quarter as well.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Opened Lower By 8 Paise At 66.83 Per Dollar On Friday

The Indian rupee opened lower by 8 paise at 66.83 per dollar on Friday versus previous close 66.75.
After remaining under pressure in the past few sessions, yesterday, the rupee consolidated against the US dollar. 

Weakness in the rupee had been triggered on back of sharp rise in global crude oil prices and fund outflow by FIIs in the equity and debt segment. 

Yesterday, they sold another USD 100 million, now getting the cumulative figure for this month to almost USD 2billion, said Motilal Oswal.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 26 April 2018

The Rupee Recovered From 14 Month Low To Trade Higher By 11 Paise

The rupee recovered from 14-month low to trade higher by 11 paise at 66.79 against the US dollar on fresh selling of the dollar by exporters and banks amidst higher opening in domestic equity market.

Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.

Further, a higher opening in the domestic equity market influenced the rupee uptrend, they added.

The rupee opened higher by 2 paise at 66.88 against the US dollar at the Interbank Foreign Exchange market.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Continued To Trade Mildly Higher Amid Consolidation Ahead Of Expiry

The market continued to trade mildly higher amid consolidation ahead of expiry of futures & options contracts for the month of April.

The Nifty is gradually inching towards 10,600 on the day of expiry while Realty is the only major gainer among sectoral indices, rising 1.5 percent after approval to Mumbai Development Plan 2034.

Indiabulls Real Estate jumped 7 percent while Sobha, DLF, Phoenix Mills and Godrej Properties gained up to 2 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 25 April 2018

The Market Continued To Trade Mildly Lower Amid Consolidation

The market continued to trade mildly lower amid consolidation, following negative lead from global stocks.

Banking & financials, oil, metals and infrastructure stocks are under pressure.

IT is the only major gainer among sectoral indices, rising over a percent ahead of Wipro earnings due later in the day and after sharp depreciation in the rupee

Bharti Airtel is up more than 4 percent after reporting profit in the March quarter against expectations of loss.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Weakened To A Fresh 13 Month Low By Falling 33 Paise

The rupee weakened to a fresh 13-month low by falling 33 paise to 66.71 against the American currency on bouts of month-end dollar demand from importers amid crude price volatility and rising US bond yields.

The rupee opened lower at 66.48 from yesterday's closing level at 66.38 per dollar at the interbank foreign exchange here.

Continued FII-selling of local equity and debt, and weak stock market also weighed on the rupee.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 23 April 2018

The Rupee Had Crashed Below The Key 66 Level To Close At A 13-Month

The rupee had crashed below the key 66 level to close at a 13-month low of 66.12 against the US currency, hit by a resurgent dollar, firming crude prices and a more hawkish tone of the Reserve Bank.

Indiabulls Housing Finance share price gained more than 2 percent after its Q4 consolidated net profit grew by 22.6 percent YoY to Rs 1,030.4 crore, revenue 25.9 percent to Rs 3,689.7 crore and net interest income rose 22.1 percent to Rs 1,661 crore.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Gained Strength, With The Sensex Rising More Than 100 Points

The market gained strength, with the Sensex rising more than 100 points and the Nifty reclaiming 10,600 levels.

TCS is the leading gainer, rising more than 4 percent to become the first company to hit USD 100 billion in market cap after healthy earnings and management commentary.

Shilpa Medicare gained more than 2 percent after the company has received EU-GMP certification from Austrian Agency, AGES for its two API manufacturing plants located at Raichur, Karnataka and formulation facility located at Jadcherla, Telangana.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 20 April 2018

The Market Remained Under Selling Pressure Due To Global Weakness

The market remained under selling pressure due to global weakness, but the sharp rally in technology stocks post TCS Q4 results and weak rupee capped the losses of benchmark indices.

TCS shares rallied 6.5 percent to hit a record high, adding nearly Rs 40,000 crore to total market capitalisation of Rs 6.5 lakh crore.

The IT is the only index in the green, rising 3.5 percent while other all sectoral indices are in the red.

The 30-share BSE Sensex was down 73.82 points at 34,353.47 and the 50-share NSE Nifty fell 30.90 points to 10,534.40. About 1,343 shares declined against 935 advancing shares on the BSE.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Glenmark Pharmaceuticals Has Received Final Approval From The US Health

Glenmark Pharmaceuticals has received final approval from the US health regulator for a generic version of Temovate Topical Solution used to treat certain scalp and skin conditions.

Glenmark Pharmaceuticals USA has been granted final approval by the US Food and Drug Administration for Clobetasol Propionate Topical Solution USP, 0.05%, the company said in a BSE filing.

The approved product is the generic version of Temovate Topical Solution.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 19 April 2018

The S&P 500 Eked Out A Small Gain While The Dow Declined After A Volatile Trading

The S&P 500 eked out a small gain while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes, Reuters reported.

Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets.

Oil prices trading close to highs touched in the previous day that were last seen in late 2014, buoyed as US crude inventories declined and as top exporter, Saudi Arabia is expected to keep withholding supply to prop up the market, Reuters reported.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Mindtree Share Price Gained 3 Percent After The Company Reported A 28.8 Percent

Mindtree share price gained 3 percent after the company reported a 28.8 percent sequential growth in profit at Rs 182.2 crore and6.3 percent in revenue at Rs 1,464 crore for the quarter ended March 2018.

The market traded higher despite the sharp upmove in crude oil prices, following positive lead from global peers. Investors closely monitor March quarter earnings to get further market direction.

The Sensex was up around 100 points and the Nifty was gradually inching towards 10,600 levels.

All sectoral indices were in the green, with the Nifty Metal index rising more than 2 percent while Media index continued its upmove, up another 1 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 18 April 2018

Maruti Suzuki India Said It Attained Leadership Position In Utility Vehicles Sales

Maruti Suzuki India said it attained leadership position in utility vehicles sales in the domestic market in 2017-18, with over 27.5 percent market share.

Riding on the success of models like Vitara Brezza, Ertiga and S-Cross, Maruti Suzuki's sale of utility vehicles reached 253,759 units in 2017-18, growing 29.6 percent over previous year sales of 195,741 units.

"Sales of Vitara Brezza increased by 36.7 percent in 2017-18, while it jumped by 44.4 percent for S-Cross and 4.1 percent for Ertiga," RS Kalsi, Senior Executive Director, Maruti Suzuki said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Recovered To Trade Near Day's High, With The Nifty Inching Towards 10,600 Levels

The market recovered to trade near day's high, with the Nifty inching towards 10,600 levels on positive global cues.

ITC was the top gainer among Nifty50 stocks, rising 3 percent and helping FMCG index rise over 1.5 percent while Zee Entertainment was up over 2 percent, taking Media index higher by 1.5 percent.

The 30-share BSE Sensex was up 86.33 points at 34,481.39 and the 50-share NSE Nifty rose 21.90 points to 10,570.60.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 17 April 2018

Adani Ports And Special Economic Zone Share Price Gained Nearly A Percent

Adani Ports and Special Economic Zone share price gained nearly a percent after it signed a long term agreement with Indian Oil Corporation to provide liquefied natural gas regasification services on a use or pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha.

As per the contract, IOC has booked 3 million tonnes per annum regasification capacity spread over 20 years. IOC plans to supply the gas to its refineries in Paradip in Odisha and Haldia in West Bengal.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Glenmark Pharmaceuticals Share Gained More Than A Percent After The Drug Maker

Glenmark Pharmaceuticals share gained more than a percent after the drug maker announced the initiation of a Phase 2b clinical trial of GBR 830, a novel, investigational treatment for moderate-to-severe atopic dermatitis.

The trial's primary endpoint will assess the efficacy of GBR 830, compared to placebo. Secondary and exploratory trial endpoints include additional measures of efficacy, safety and pharmacodynamics. Trial enrollment is expected to begin in June 2018, it said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 16 April 2018

The Market Is Off Its Opening Lows, With The Sensex Falling 100 Points Due To Selling

The market is off its opening lows, with the Sensex falling 100 points due to selling pressure in technology, oil exploration and select banks stocks.

Infosys was the biggest loser among Nifty50 stocks, down 4 percent after the company lowered its full year margin guidance.

Bhansali Engineering was down 3 percent while ICICI Securities, DCB Bank, Gruh Finance gained up to 6 percent after March quarter earnings.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Recouped Half Of Opening Losses, Supported By ITC And HDFC Bank

Benchmark indices recouped half of opening losses, supported by ITC and HDFC Bank.

Infosys, Tata Motors and Reliance Industries continued to trade lower, putting pressure on the market.

The 30-share BSE Sensex was down 96.96 points at 34,095.69 and the 50-share NSE Nifty fell 26.40 points to 10,454.20.

About two shares declined for every share rising on the BSE.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 13 April 2018

Benchmark Indices Continued To Trade Higher After Macro Data

Benchmark indices continued to trade higher after macro data, as investors look for Infosys earnings due later in the day.

The 30-share BSE Sensex was up 142.69 points at 34,243.82 and the 50-share NSE Nifty rose 39.30 points to 10,498.

The market breadth breadth was positive as about two shares advanced for every share falling on the BSE.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Ashok Leyland, Flagship Of The Hinduja Group And The Largest Suppliers Of Mobility

Ashok Leyland, flagship of the Hinduja Group and the largest suppliers of mobility solutions to the Indian Army, has won another critical order from the Ministry of Defence .

The contract is for supplying High Mobility 10x10 vehicles.

This order will end a long search by the Indian Army, who have been looking for HMV 10x10s to carry the Smerch Rockets, this initial order is worth over Rs 100 crores. The stock price rallied 3 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 12 April 2018

The Market Continued To Consolidate, With The Sensex Hovering Around 34,000 Levels

The market continued to consolidate, with the Sensex hovering around 34,000 levels ahead of macro data due later in the day and Infosys Q4 earnings due tomorrow.

Sectoral indices were mixed in trade as the Nifty IT index extends gains up to 3 percent while metals, PSU banks and pharma are under pressure.

HPCL, IOC and BPCL fell up to 3 percent as Brent crude traded above USD 72 a barrel.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Promoter Group Entities Of Dish TV Have Made An Offer To Buy An Additional 26 Percent

Promoter group entities of Dish TV have made an offer to buy an additional 26 per cent equity stake from public shareholders of the direct-to-home player for Rs 3,701 crore.

In a public announcement made to the shareholders, Dish TV promoter entities World Crest Advisors LLP, together with Veena Investments Pvt Ltd and Direct Media Distribution Venture Pvt Ltd, announced an offer to acquire shares of Dish TV at a price of Rs 74 per share.

The offer is being made to all the shareholders of Dish TV to acquire up to 50.01 crore shares of the company that form 26 per cent of the emerging share capital, payable in cash.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 11 April 2018

Benchmark Indices Were Off Their Day's Lows After Cool Off In Crude Oil Prices

Benchmark indices were off their day's lows after cool off in crude oil prices from four-year high.

The 30-share BSE Sensex was down 41.72 points at 33,838.53 and the 50-share NSE Nifty fell 25.80 points to 10,376.50.

About three shares declined for every two shares rising on the BSE.

Technology, metals and oil exploration companies' share prices supported the market whereas oil retailers and banks were under pressure.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Has Opened At 64.99 Against The US Dollar

The Indian rupee has opened at 64.99 against the US dollar, which was flat compared to previous closing.

The 7.17% 2028 10-year bond yield opened at 7.42 percent, higher by 4 basis points against previous close of 7.38 percent, following the crude oil prices crossed USD 70 a barrel levels.

Benchmark indices opened higher despite mixed Asian cues, with the Sensex rising 112.27 points to 33,992.52 and the Nifty climbing 41.80 points to 10,444.10.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 9 April 2018

Shares Of Wipro Rose 5 Percent As The Company Sold Its Stake In Wipro Airport IT

Shares of Wipro rose 5 percent as the company sold its stake in Wipro Airport IT to Antariksh Softtech.

The company sold 63 percent of its stake in Wipro Airport IT to Antariksh Softtech as part of divesture of the subsidiary for Rs 3,15,00,000.

Wipro Airport IT Services, a joint venture between Wipro and Delhi International Airport, which provides various IT Services at Indira Gandhi International Airport, New Delhi.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Strengthened By 6 Paise To 64.90 Against The US Dollar On Fresh Selling

The rupee strengthened by 6 paise to 64.90 against the US dollar on fresh selling of the greenback by banks and exporters.

Besides, a higher opening of the domestic equity market and weakness in the dollar against other global currencies, following data that showed the US economy created the least number of jobs in six months in March, supported the rupee, forex dealers said.

The domestic unit had ended flat at 64.97 against the US dollar in a quiet range-bound trade on Friday as local equities consolidated their recovery momentum.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 6 April 2018

The Market Continued To Consolidate As Investors After Digesting RBI Policy

The market continued to consolidate as investors after digesting RBI policy await corporate earnings that will start next week.

The 30-share BSE Sensex was up 5.86 points at 33,602.66 and the 50-share NSE Nifty fell 6.30 points to 10,318.90.

About 1,315 shares advanced against 1,001 declining shares on the BSE.

Pharma stocks outperformed, with the Nifty Pharma index rising a percent led by Lupin that gained 4 percent on establishment inspection report for Pithampur unit-I from US FDA.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Asian Stocks Traded Mixed, As The Overnight Rally On Wall Street


Asian stocks traded mixed, as the overnight rally on Wall Street failed to translate after President Donald Trump indicated that more tariffs against China could be in the works.

Trump said late on Thursday during US hours that he has told US trade officials to consider USD 100 billion in extra tariffs against China. 

The president added that the move would be appropriate given China's "unfair retaliation," although he left the door open for negotiation.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 4 April 2018

The Market Gained Strength Amid Volatility, With The Nifty Inching Towards 10,300 Levels

The market gained strength amid volatility, with the Nifty inching towards 10,300 levels and the Sensex gaining more than 100 points.

The broader markets extended gains, with the Nifty Midcap index rising 0.8 percent and BSE Smallcap gaining 1.2 percent.

The 30-share BSE Sensex was up 119.84 points at 33,490.47 and the 50-share NSE Nifty rose 30.30 points to 10,275.30.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Shares Of Jet Airways Rose As Much As 3 Percent On The Bourses

Shares of Jet Airways rose as much as 3 percent on the bourses after the company said it had entered a pact for buying 75 B737 planes.

In a regulatory filing yesterday Jet Airways said it had entered an agreement with Boeing for buying 75 B-737 Max aircraft, as it looks to strengthen presence in the fast growing domestic aviation market.

Following the announcement, shares of the company opened on a bullish note at Rs 623, then gained further ground to touch an intraday high of Rs 632.25, up 2.99 per cent over its previous closing price.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 3 April 2018

The Market Has Begun The Day On A Mildly Lower Note With The Nifty Holding

The market has begun the day on a mildly lower note, with the Nifty holding on to the 10,200-mark in the opening minutes. The Sensex was trading almost flat.

The Sensex is down 17.92 points or 0.05% at 33237.44, while the Nifty is down 4.60 points or 0.05% at 10207.20. The market breadth favours the negative as 268 shares advanced, against a decline of 295 shares, while 80 shares were unchanged.

PSU banks are outperforming all sectors after the RBI on Monday announced that lenders could spread bond trading losses over four quarters. The Nifty PSU bank index was up 2 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Reserve Bank Of India Late On Monday Dropped Axis Bank From A List Of Banks

The Reserve Bank of India late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

It was unclear why Axis, one of India's leading importers of bullion, did not feature in the list that was released late on Monday.

Axis Bank and the Reserve Bank of India were not immediately reachable for comment.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 2 April 2018

Sensex Off Day's Highs, Nifty Trades Above 10,100; Canara Bank Down 2%

The Nifty which is still struggling to reclaim its 200-days moving average could see a pullback rally first and then retest 9800 kind of levels led by fall in global markets, Gautam Shah, Associate Director & Technical Analyst at JM Financial said in an interview with CNBC-TV18.

The last one and a half month were challenging and it was required after the recent run-up we saw in the year 2017. 

The problem is that even at levels of 10100 we don’t have evidence on the chart which suggests that the market is bottoming out for good, said Shah.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Shares Of Ashoka Buildcon Gained 5 Percent Intraday Monday

Shares of Ashoka Buildcon gained 5 percent intraday Monday as as company received letters of award from MoRT&H.

The company received letters of award from Ministry of Road Transport & Highway through Public Works Department, National Highway, Maharashtra on EPC mode.

The projects include up-gradation of Jalgaon - Bhadgaon of NH 753J to two lane with paved shoulders and up-gradation of Bhadgaon - Chalisgaon of NH 753J in the state of Maharashtra on EPC mode.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory