In rupee terms, the growth in September exports was even higher at 5.45 per cent In a development that should cheer policy makers, India’s exports rose by 4.62 per cent to $ 22.9 billion in September while imports declined by 2.54 per cent to $ 31.22 billion. In rupee terms, the growth in September exports was even higher at 5.45 per cent. India’s exports have shown sign of turning around at a time when major economies are facing slump in trade. For example, manufacturing powerhouse China has reported a 10 per cent decline in its September exports. “If we look at the external environment, the export growth seems to be very encouraging,” said Ajai Sahay, director general, Federation of Indian Export Associations (FIEO). After 18 months of fall, country’s exports had shown signs of turning around in June this year. However, that proved a false hope, with exports again entering the negative territory in July. However, with 18 out of 30 sectors reporting positive growth during September analysts said there is assurance that export performance would sustain in coming months. Sahay said the effect incentives provided by the government to support exports should trickle down in coming months. The export growth would lead to further reduction in trade deficit, which would in turn help in containing India’s current account deficit, analysts said. If the export performance sustains in coming months, it would spur fresh private investment, thereby supporting the economic recovery. The trade deficit for April-September was estimated at$ 43 billion, which was 37.26 per cent lower compared to the same period last year. The sectors that recorded positive growth include engineering (6.51 per cent), gems and jewellery (22.42 per cent), handicrafts (23 per cent), textiles (12.62 per cent) and chemicals (6 per cent). Exports of petroleum goods, however, dipped 1.43 per cent to $2.55 billion in September. Oil imports during the month grew by 3.13 per cent to $ 6.88 billion. Gold imports dipped by 10.3 per cent to $1.8 billion in September 2016, which helped bridge the trade gap. During April-September this fiscal, exports dipped by 1.74 per cent to $131.4 billion. Imports too contracted by 13.77 per cent to $ 174.4 billion, leaving a trade deficit of $ 43 billion. Since December 2014, exports fell for the straight 18 months till May 2016 due to weak global demand and slide in oil prices. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
0 Comments
The company reported 4.5% rise in net profit at Rs 6,603 crore for the second quarter ended September 30, 2016 against Rs 6,318 crore for the sequential quarter ended June 30, 2016. Tata Consultancy Services Ltd is currently trading at Rs 2344.7, up by Rs 16.2 or 0.7% from its previous closing of Rs 2328.5 on the BSE. The company reported 4.5% rise in net profit at Rs 6,603 crore for the second quarter ended September 30, 2016 against Rs 6,318 crore for the sequential quarter ended June 30, 2016. The company has declared a Second Interim Dividend of Rs. 6.50 per Equity Share of Re. 1 each of the company. The scrip opened at Rs 2322 and has touched a high and low of Rs 2384.4 and Rs 2298.85 respectively. So far 2769088 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 458814.15 crore. The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 2740 on 16-Aug-2016 and a 52 week low of Rs 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 2388 and Rs 2323.25 respectively. The promoters holding in the company stood at 73.34 % while Institutions and Non-Institutions held 22.15 % and 4.51 % respectively. The stock is currently trading below its 100 DMA. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
The company received Establishment Inspection Report from the USFDA for its Indore facility indicating formal closure of the USFDA inspection conducted in July/August, 2015. Cipla Limited today announced that it has received Establishment Inspection Report (EIR) from the USFDA for its Indore facility indicating formal closure of the USFDA inspection conducted in July/August, 2015. Stock price: Cipla Ltd is currently trading at Rs. 594, up by Rs. 13.45 or 2.32% from its previous closing of Rs. 580.55 on the BSE. The scrip opened at Rs. 593.5 and has touched a high and low of Rs. 598.9 and Rs. 591 respectively. So far 795568 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 46688.44 crore. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 704.75 on 29-Oct-2015 and a 52 week low of Rs. 458.25 on 25-May-2016. Last one week high and low of the scrip stood at Rs. 604 and Rs. 566.1 respectively. The promoters holding in the company stood at 36.77 % while Institutions and Non-Institutions held 33.9 % and 27.46 % respectively. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
Paytm’s spinoff will pave way direct entry of Chinese e-commerce space Alibaba into the Indian online retail space. Till date, Alibaba was present in the country through Snapdeal and Paytm. The online market place Paytm is likely to spin off its marketplace business, an Economic Times report says. The company source said that final terms of the spinoff are in final stages and it is likely to happen by next month. Paytm’s spinoff will pave way direct entry of Chinese e-commerce space Alibaba into the Indian online retail space. Till date, Alibaba was present in the country through Snapdeal and Paytm. Entry of Alibaba will add to the competition already in the industry and could lead to some consolidation. The company plans to debut its B2C (business-to-consumer) site Tsmall in India soon. The e-tailer, before the separation, has decided to join the festival sale bandwagon. Its three-day Maha Bazar sale will begin on October 12 and go on till October 17 and will offer attractive cashbacks upto Rs 100 crore too. The sale will offer discounts on categories like kitchen and fashion. Paytm’s contemporaries - Flipkart, Amazon and Snapdeal - had their festival sales at the start of October. Snapdeal has kickstarted another sale today offering discounts on mobile phones and fashion. Amazon too is having another sale from October 17-20. Paytm declined to comment on reports of spinoff. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. In order to check inflation, the government has amended the metrology rules which would allow it to fix retail prices of essential commodities like pulses and sugar in extra-ordinary situations. Under the present system, retail prices are fixed by market forces, leaving very little room for the government to check undue spike in prices. "We have already notified amendments to the Legal Metrology (Packaged Commodities) Rules, 2011, to include a provision to fix retail price of any essential commodity," a senior Consumer Affairs Ministry official told PTI. The notification says that "if retail sale price of any essential commodity is fixed and notified by the competent authority under the Essential Commodities Act, 1955, the same shall apply," he said. This rule will apply to essential commodities that are sold both in loose and packaged form in retail markets. Asked if government will fix retail prices of essential items on a daily basis hence forth, the official said, "Not exactly. It will be done only in extra-ordinary situations when retail prices shoot up abnormally." Currently, there are measures to control wholesalers and importers and not retailers. This provision will help the government to take proactive steps in the interest of consumers, the official added. The Centre had been battling to curb price rise in pulses, which touched almost Rs 200 per kg in retail markets in June 2016 due to shortfall in local output in view of drought. The abnormal rise in pulses prices forced the NDA government to take a host of measures, including imports and hike in MSP, to boost domestic supply and now pulses rates have cooled down to an extent. It may be noted that rise in onion prices had impacted the electoral fortunes in the past, especially in Delhi. In 1998, Congress had come to power in Delhi, defeating the incumbent BJP government, riding on high onion prices. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
CIL Nova Petrochemicals Ltd ended at Rs. 36.95, up by Rs. 1.75 or 4.97% from its previous closing of Rs. 35.2 on the BSE. CIL Nova Petrochemicals Ltd has informed BSE that meeting of management committee is scheduled on October 10, 2016, inter-alia, to consider the following business: Offer and issue of Equity Shares to the existing shareholders of the Company as on record date on right basis and to fix terms and conditions incidental to Right Issue, including issue price, issue size, fractional entitlement, rights entitlement ratio and record date for determining eligibility of shareholders to whom Equity Shares are to be issued on right basis under proposed right issue subject to and amongst other things requisite sanctions and statutory approvals. CIL Nova Petrochemicals Ltd ended at Rs. 36.95, up by Rs. 1.75 or 4.97% from its previous closing of Rs. 35.2 on the BSE. The scrip opened at Rs. 34.55 and touched a high and low of Rs. 36.95 and Rs. 34.55 respectively. A total of 14182(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 50.07 crore. The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 56.65 on 12-Oct-2015 and a 52 week low of Rs. 22.75 on 30-Mar-2016. Last one week high and low of the scrip stood at Rs. 36.95 and Rs. 34.15 respectively. The promoters holding in the company stood at 69.05 % while Institutions and Non-Institutions held 0 % and 30.95 % respectively. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php The company registered Hot Metal production of 3.12 million tonnes in Q2 FY17 (up by 17% yoy) and 6.14 million tonnes in H1 FY17. Tata Steel Ltd is currently trading at Rs. 395.45, up by Rs. 6.15 or 1.58% from its previous closing of Rs. 389.3 on the BSE. The company registered Hot Metal production of 3.12 million tonnes in Q2 FY'17 (up by 17 per cent y-o-y) and 6.14 million tonnes in H1 FY'17 (up by 17 per cent y-o-y). Crude steel production was 2.82 million tonnes in Q2 FY'17 (up by 13 per cent y-o-y) and 5.35 million tonnes in H1 FY'17 (up by 10 per cent y-6-y). Saleable Steel production increased by 11per cent y-o-y in Q2 FY'17 (to 2.71 million tonnes) and by 9 per cent y-o-y in Hl FY'l 7 (to 5.06 million tonnes). Production & Sales Highlights: Blast Furnaces achieved lowest best-ever coke rate of 372 Kg/thm in Q2 (Previous best 375 Kg/thm in Q2 FY'15) & of 365 Kg/thm in Hl (Previous best 391 Kg/thm in Hl FY'15) Sales to Automotive segment grew by 7 per cent y-o-y in line with market growth, thereby retaining leadership position. Availability of additional volumes enabled 12 per cent y-o-y growth in sales to Industrial Products and Projects segments The scrip opened at Rs. 391.6 and has touched a high and low of Rs. 395.7 and Rs. 390 respectively. So far 2456704 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 37809.42 crore. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 408.5 on 08-Sep-2016 and a 52 week low of Rs. 211.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 396.5 and Rs. 363.9 respectively. The promoters holding in the company stood at 31.35 % while Institutions and Non-Institutions held 40.43 % and 28.21 % respectively. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
The INDIA VIX is up 0.80% at 15.0450. Out of 1,834 stocks traded on the NSE, 408 declined, 1,013 advanced and 413 remained unchanged today. At 9:26 AM, the S&P BSE Sensex is trading at 28,267 up 46 points, while NSE Nifty is trading at 8,754 up 10 points. The BSE Mid-cap Index is trading up 0.31% at 13,660 whereas BSE Small-cap Index is trading up 0.49% at 13,355. ONGC, RIL, GAIL, HUL, Power Grid and Tata Motors are among the gainers, whereas Axis Bank, Coal India, Infosys, SBI and Dr.Reddy's are losing sheen on BSE. Some buying activity is seen in oil & gas, industrial, energy, metal, capital goods and telecom sectors, while banking, IT, teck, finance and realty are showing weakness on BSE. The INDIA VIX is up 0.80% at 15.0450. Out of 1,834 stocks traded on the NSE, 408 declined, 1,013 advanced and 413 remained unchanged today. A total of 69 stocks registered a fresh 52-week high in trades today, while three stocks touched a new 52-week low on the NSE. The rupee opened lower four paise at 66.56/$ against US Dollar Thursday as against the previous close of 66.50/$. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
The rupee opened lower 16 paise at 66.62/$ against US Dollar Wednesday as against the previous close of 66.46/$. The rupee opened lower 16 paise at 66.62/$ against US Dollar Wednesday as against the previous close of 66.46/$. The latest round of pessimism now emanates from 65% probability of a US rate hike in December & unwinding of stimulus by the ECB. With the 'elexir' of cheap money seeming to be withdrawn caution seems the buzzword in most global equity markets. Weaker than expected macro numbers from Brazil & lowering of global growth targets by the IMF will be the other points of concern. The Indian rupee closed higher after the Reserve Bank of India (RBI) cut its key lending rate or the repo rate by 25 basis points to a six-year low of 6.25%, from 6.5% earlier. The rupee hit a one-month high against the US dollar, while bond yields hit a fresh seven-year low today. On data front, Nikkei India Service PMI data is scheduled today. The Indian currency ended higher by 13 paise at 66.59/$. The local unit had hit a high of 66.80 and a low of 66.87. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.53 and for the Euro stood at 74.71. The RBI’s reference rate for the Yen stood at 65.70; reference rate for the Great Britain Pound (GBP) stood at 85.8675. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
The rupee opened higher four paise at 66.54/$ against US Dollar Tuesday as against the previous close of 66.58/$. The rupee opened higher four paise at 66.54/$ against US Dollar Tuesday as against the previous close of 66.58/$. On the macro-front, the widely-tracked Nikkei Purchasing Managers’ Index (PMI) showed a reading of 52.1 in September, declining marginally from 52.6 in August 2016. On the economy front, fiscal deficit in the first five months of the current fiscal stood at Rs.4.08 trn, which was 76.4% of Budget estimates for 2016-17. India's eight core industries, which have a collective weightage of 37.90 percent in the Index of Industrial Production (IIP), grew by 3.2% in August, 2016 as compared to the same month of the previous year. Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel. On the global front, the US non farm payrolls report for September would come on Friday. The Indian currency ended higher by three paise at 66.58/$. The local unit had hit a high of 66.70 and a low of 66.83. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.53 and for the Euro stood at 74.71. The RBI’s reference rate for the Yen stood at 65.70; reference rate for the Great Britain Pound (GBP) stood at 85.8675. If you want more information regarding the Market News & many other tips like Tradeindia Services , Intraday Tips , MCX Normal Calls , Indore Advisory Company , SEBI Registered Company , Share Market Services , NSE & BSE Market Tips , Free MCX Market Tips , MCX Premium Tips , Jewelers Contract , Commodity market tips , call @ +91-7415033556 or fill form http://tradeindiaresearch.com/freetrial.php
|
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2017
Categories |