November 23, 2014

Merger deal inked between Kotak Mahindra and Ing-Vysya Bank - Stock Market Pulse

Merger deal between Kotak Mahindra and Ing-Vysya Bank, what’s stored in for you?

Merger deal between the Kotak Mahindra Bank and Ing-Vysya Bank was the biggest news in the stock market. Last week markets touched the all time high, and fueling the rally was merger deal between the Kotak Mahindra Bank and Ing-Vysya Bank. The merger deal will sell the Kotak Mahindra’s lender market value and expand its national presence. Thus putting itself in a better position to compete with rivals such as ICICI Bank and HDFC Bank.

In a all stock deal, Kotak Mahindra will acquire control over ING Vysya Bank, which was announced on Thursday of the past week. ING Vysya Bank and Kotak Mahindra Bank were on a roll, hitting their respective 52-week highs on both the exchanges.

Kotak Mahindra Bank and ING Vysya Bank merger deal values at Rs. 16,500 crore. Kotak Mahindra is in the final stages to acquire ING Vysya Bank in a ratio of 2:2.5. For every 1000 shares of ING Vysya, shareholders will get 725 shares of Kotak Mahindra. Thus, the deal values ING-Vysya Bank at Rs ~160bn (Rs 839/sh) i.e. ~3% premium to CMP. The acquisition would lead to ~15% dilution of the merged entity & reduce Kotak Mahindra Bank’s promoter holding to ~34% (vs. ~40.1% now). The merged entity would have 1,214 branches (4th largest amongst PVT Banks), B/S size of Rs 2trn and G/NNPA of 1.6/0.7%.

Some of the benefits for Kotak Mahindra Bank post merger deal:

Increased presence: With the acquisition, Kotak Mahindra Bank’s branch network will almost be doubled without much of a regional overlap. Thus, making Kotak Mahindra Bank to become the 4th largest private bank in India.

Suitable mix for B/S: The acquisition would help Kotak Mahindra Bank to further diversify its loan book with access to ING-Vysya Bank’s forte segment of SME (38% of loans for VYSB vs. 7% for KMB). On the liability side, both the banks have a similar CASA proportion of 31-33%. Further, given INY-Vysya Bank’s low impaired assets and high tier I, the acquisition wouldn’t be a drag for Kotak Mahindra Bank.

Promoters stake to decline to ~34%: Post merger deal Kotak Mahindra Bank will witness ~15% dilution on the enhanced capital. Thus, the acquisition will reduce the promoter’s stake to ~34% and provide sufficient breathing space to meet the RBI time-line of reducing stake to 30% by Dec-16 and to 20% by Mar-18.

Meanwhile ING Vysya shareholders felt that the deal was tilted in the favor of Kotak Mahindra Bank. A clutch of institutional shareholders in ING Vysya Bank were unhappy with the merger swap ratio as they felt the valuation was tilted in the favor of Kotak Mahindra Bank.

Related Video of Kotak Mahindra Bank and ING Vysya Bank merger deal


Tags : Kotak Mahindra Bank, ING-Vysya Bank, merger deal

http://www.stockmarketpulse.net/2014/11/23/merger-deal-kotak-mahindra-ing-vysya-bank/

October 5, 2014

Identify Fake Currency Notes - Stock Market Pulse


identify fake curency

Identify fake currency notes by following these simple guidelines.


Fake currency notes have no exchange value. These means that if you go to the bank and deposit any fake currency notes, the bank officials would sign it and send it for the further verification. They would not be giving you any exchange money for it. Fake currency notes is a growing menace in the country. So it is very important to check for the genuineness of all the currency notes you receive-specially the larger denominations.

The Reserve Bank of India has the sole authority to issue bank notes in India. Reserve Bank of India, like other central banks the world over, changes the design of banknotes from time to time. The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996. It has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 in this series. These notes contain distinct easily recognizable security features to facilitate the detection of genuine notes vis-à-vis forgeries.


Here are some of the security measures to identify fake currency notes guidelines:

identify-fake-currency-notes

See Through Register:

The floral designs printed on the front and reverse in the middle of the vertical band next to the watermark window has the denominational numeral ‘500’. Both the printed have an accurate back to back registration so that the numeral as one when seen against light.

fake-note-checklist-2

Watermark:

Hidden portrait of Mahatma Gandhi, the multi-directional lines and an electrotype mark showing the numeral ‘500’ appear in this section. It can be seen better when viewed against the light.

fake-note-checklist-3

Optically Variable Ink:

The colour of the numeral ‘500’ appears green when the bank note is held flat. But it would change to blue when tilted to an angle.

fake-note-checklist-4

Fluorescence:

The bank note series, Number Panel, Security Thread and few particles (scattered in a note) will glow when exposed to the ultraviolet light.

fake-note-checklist-5

Security Thread:

It will have “Bharat”, “RBI” inscriptions on it and the thread will change colour from green to blue when viewed from different angles. The thread is visible as a continuous line from behind when viewed against the light.

fake-note-checklist-6

Intaglio Printing:

The portrait of Mahatma Gandhi, the Reserve Bank seal and ‘Paanch Sau Rupiye’ are printed in intaglio (raised ink). This can be felt by touching it.

fake-note-checklist-7

Latent Image:

The vertical band on the extreme right of the bank note contains a latent (hidden) image of the numeral ‘500’. This can be seen when the note is held at the eye level.

fake-note-checklist-8

Micro Lettering:

The letters ‘RBI’ and ‘500’ can be viewed with the help of a magnifying glass in the zone between Mahatma Gandhi portrait and the vertical band.

fake-note-checklist-9

Year of Printing:

Year of printing appears on the reverse of the bank note.

fake-note-checklist-9B

Identification Mark:

On Rs.1000 bank note diamond mark with intaglio print which can be felt by touch. This helps the visually impaired to identify the denomination.

fake-note-checklist-9A

Identification Mark:

On Rs.500 bank note a circle with intaglio print which can be felt by touch. This helps the visually impaired to identify the denomination.

fake-note-checklist-9C

Identification Mark:

On Rs.100 bank note a triangle with intaglio print which can be felt by touch. This helps the visually impaired to identify the denomination.

fake-note-checklist-9E

Identification Mark:

On Rs.20 bank note a rectangle with intaglio print which can be felt by touch. This helps the visually impaired to identify the denomination.

Moreover you can watch a YouTube video on How to Identify Fake Indian Currency Notes by Nizam Khan


Courtesy:
Reserve Bank of India
Paisa Bolta Hai


Read also:
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Posted on:



June 6, 2014

Pattern Trading

Here are the some of the stocks to watch out for next week. 


Stocks like BEML, DLF, India Cement, Tata Power Limited and Tata Steel Limited are on the brink of surging higher from its resistance level. Following link provides with the charts were you can have a look at the stock on the verge of the breakout.



Courtesy:

Pattern Trading: No Bluff, Only Trading Stuff :)

May 16, 2014

Maharashtra government may scrap Local Body Tax - Stock Market Pulse

Maharashtra government might opt to scrap Local Body Tax


Maharashtra Local Body TaxLearning from the recent defeat in the Lok Sabha elections, it appears that the Maharashtra government has recognized that it can’t afford to keep traders dejected, as the assembly election are nearing. Keeping this in mind, Maharashtra government is now thinking of getting rid of the Local Body Tax headache. The government is reportedly thinking on the lines of scalping the Local Body Tax, which is already in force across the state except in Mumbai.

To compensate the loss in state exchequer, Maharashtra government may consider an increase in Value Added Tax (VAT). It is noteworthy that Local Body Tax was imposed on the state traders in a phased manner starting 2010. The tax that began with tier-III cities was imposed by scraping octroi. Last year the Local Body Tax was imposed on tier-II and tier-I cities as well, except the State Capital.

This tax has triggered protest from the traders in the state, who pinned that the new tax could be an addition to the harassment by the officials. Traders also thought that with VAT being under implementation, Local Body Tax was an additional burden.

Keeping in mind the upcoming assembly elections, the government has proposed scraPping of Local Body Tax, is likely to be formulated said the sources. As they say, elections change it all.

Tags – Local Body Tax, VAT hike LBT, Maharashtra hike vat lbt




Maharashtra government may scrap Local Body Tax
http://www.stockmarketpulse.net/2014/05/16/maharashtra-government-may-scrap-local-body-tax/

March 10, 2014

Markets closed flat; BSE Sensex all-time high

Markets today ended almost flat; however BSE Sensex all-time high

Markets closed flat; BSE Sensex all-time high
Market today closed tad higher, gained for the fourth consecutive day. After opening weak, the market traded range bound. BSE Sensex all-time high was recorded just before closure of the market. The BSE Sensex ended up by gaining 15 points or 0.07 percent to 21934.83. Earlier in the day, BSE Sensex all-time high of 22023.98 and a low of 21805 was noted in the intra-day session. The CNX Nifty too closed marginally higher. It gained nearly 11 points or 0.16 percent to 6537.25. It touched a high of 6562.2 and a low of 6487.35 in the intra-day.

In the sectorial, Capital Goods and Realty index surged by 2.77 and 2.47 percent. Bankex index gained by nearly 2 percent. Oil & Gas index also advanced over 1 percent. Power and Auto were the other indices closing with the significant gains. Whereas IT index dropped by 2.42 percent. Healthcare index slipped by 1.67 percent. And the Metal index fell about 1 percent. Consumer Durables also ended in red. However, broader markets out-performed the benchmark index. Mid-cap index advanced by 0.44 percent while Small-cap index gained by 0.77 percent.

Among the index gainers, Maruti Suzuki surged the most by 3.74 percent. Mahindra & Mahindra, L&T and HDFC Bank also surging between 4-3 percent each. SBI, Bajaj Auto and BHEL rose between 3-2 percent. Reliance Industries, Axis Bank, Hindustan Unilever, Bharti Airtel and ONGC gained between 2-1 percent. Hero MotoCorp, NTPC and HDFC were other index gainers.

Among the index losers, TCS dropped by 3.67 percent followed by the Tata Motors slipping by 3.20 percent. Sun Pharma, Gail (India), Coal India and Hindalco Industries fell between 3-2 percent. Infosys, Tata Steel, Wipro, Dr Reddys Lab and Cipla too dropped between 2-1 percent each. Sesa Sterlite ended down nearly 1 percent. ITC, ICICI Bank and Tata Power were the other index losers.

Overall the market breadth ended in the positive zone. Out of the 2966 shares traded, 1458 shares advanced and 1348 shares declined. Whereas 160 shares ended unchanged.

Tags - BSE Sensex All-time High, Market Pulse, Stock Market Pulse, Stock Exchanges, Investments and Derivatives: 3

March 7, 2014

Foreign institutional investors boosts markets

Markets at all-time high as foreign institutional investors emerged as net buyers

Foreign institutional investors boosts markets
Markets today closed at all-time high, closing high for straight third day. After opening flat market continued to gain through-out the trading session to close near days high. Foreign institutional investors seems to have vindicated, improving macro-economic data and the survey showing BJP-led government coming to power. Foreign institutional investors have been buyers for past 15 trading sessions.

The BSE Sensex gained by 1.89 percent up by 405.92 points to 21919.79. It touched a high of 21960.89. The CNX Nifty surged nearly 2 percent up by 125.50 points to 6526.65. It opened at 6413.95 which too was day's low, and touched a high of 6537.8 intraday.

In the Sectoral, Healthcare and IT were the only indices dropping over 2 percent each. Whereas, Realty and Bankex indices spurted by 5.40-5.35 percent each. Capital Goods index surged over 4 percent and Oil & Gas gained by 3.65 percent. Power, Metal, Auto and Consumer Durables also declined between 2-1 percent each. Whereas, FMCG index advanced by 0.56 percent. However broader markets under performed as compared to benchmark index. Both the Mid-cap and Small-cap index declined by 0.21-0.22 percent respectively.

Foreign institutional investors have been net buyers in equity market leading the market rally. Among the index gainers, BHEL spurted over 6 percent. ICICI Bank, Axis Bank, Reliance Industries, Bharti Airtel, HDFC Bank and Maruti Suzuki surged between 6-5 percent. L&T and SBI too surged between 5-4 percent. Hindalco Industries, Coal India, Mahindra & Mahindra, ONGC, Tata Steel, HDFC and Gail (India) gained between 4-1 percent. ITC, Tata Power, Tata Motors, Cipla, Hindustan Unilever and Sesa Sterlite were the other index gainers.

Among the index losers, Dr Reddys Lab and Wipro dropped between 4-3 percent. Infosys fell by 2.47 percent. Sun Pharma slipped by 1.43 percent. TCS, Hero MotoCorp, NTPC and Bajaj Auto were the other index losers.

However, market breadth was negative. Out of 2980 shares traded, 1466 shared declined and 1354 shares advanced. While 160 shares remained unchanged.

Tags – Institutional Investors, Foreign Institutional Investors (FIIs) and Capital Market in India, Market Pulse, Stock Market Pulse

March 5, 2014

Market gains momentum; Nifty ends above 6300

Markets gains momentum as the Ukraine crisis eases

Market gains momentum; Nifty ends above 6300
Markets today closed higher, gains momentum for straight second day. After opening firm, market had slipped into red zone. However, it soon recovered and settled higher, as the imminent military conflict in Ukraine allayed. The S&P BSE Sensex closed up by 67.13 points or 0.32 percent to 21,276.86. It touched a high of 21333 and a low of 21176 in intra-day session. The CNX Nifty gained by 30.7 points or 0.49 percent to 6,328.65. It touched a high of 6336 and a low of 6288 in the intra-day today.

Sectoral indices closed mixed today. Among the decliners, Consumer Durables dropped by 2.36 percent and Auto index declined by 0.23 percent. Oil & Gas and Healthcare indices ended marginally down by 0.15 percent each. While in the gainers, Realty index gains momentum by surging nearly 2 percent. Bankex and Capital Goods also gained between 2-1 percent respectively. Among the other sectoral indices gaining were Metal, Power, FMCG and IT. In the broader markets, Mid-cap index gained nearly 1 percent and Small-cap index gained by 0.47 percent respectively.

Among the index gainers ICICI Bank gains momentum by surging 2.7 percent. Coal India, Cipla SBI, Maruti Suzuki, ONGC, Hindalco and Tata Steel gained between 2-1 percent. Axis Bank also gained nearly 1 percent. HDFC, L&T, ITC, Infosys, TCS, Sun Pharma, NTPC and Wipro were among the other index gainers.

Among the index losers Tata Power dropped by 3.25 percent. Bharti Airtel and Gail (India) slipped between 2-1 percent. Reliance Industries also fell nearly 1 percent. Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Dr Reddys Lab and Hindustan Unilever declined between 1-0.5 percent. Among other index losers were, Sesa Sterlite, Bajaj Auto, HDFC Bank and BHEL.

Overall market breadth ended firm positive. Of the 2838 shares traded, 1505 shares advanced and 1182 shared declined. While 151 shares remained unchanged.

Tags - Market Gains Momentum, Market Pulse, Stock Market Pulse, Capital Markets in India

March 4, 2014

Calming Ukraine crisis pulls Sensex up 263 points - Stock Market Pulse

Sensex regains 21k mark as Ukraine crisis clams for now

Calming Ukraine crisis pulls Sensex up 263 points
Markets today rebounded from yesterday’s low and closed near days high. Value buying by FII’s at lower levels helped markets to rebound. Market volatility was receded on hopes of calming Ukraine crisis. The S&P BSE Sensex surged over by 263 points to close at 21209.73. The CX Nifty gained by 76.5 points or 1.23 percent to 6297.95.

In the sectoral indices, Metal index spurted by 3.31 percent. Bankex surged by 2.47 percent and Capital Goods gained by 2 percent. Consumer Durables and Power indices also rose nearly 2 percent each. Oil & Gas and Realty index gained between 2-1 percent. FMCG and Auto too closed on the gaining side. However Healthcare index declined by 0.4 percent. While IT index closed almost flat with negative bias. Even the broader markets gained in line with benchmark indices. Mid-cap index surged by 1.31 percent. While Small-cap index gained over 1 percent respectively.

As the Ukraine crisis eased, buying sphere restored on all counter. Hindalco Industries spurted nearly 8 percent, followed by Sesa Sterlite surging nearly 5 percent. ICICI Bank, Axis Bank and Gail (India) rising between 4-3 percent each. BHEL, Tata Power, NTPC, Hindustan Unilever, SBI and ONGC also gained between 2-1 percent. Tata Steel, L&T, Reliance Industries, HDFC, Hero MotoCorp, Coal India and Maruti Suzuki too gaining between 2-1 percent each. ITC, HDFC Bank, Wipro, Tata Motors, Cipla Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, Infosys and TCS were the other index gainers.

Sun Pharma declining by 0.73 percent and Dr Reddys Lab felling by 0.45 percent were the only index losers today as Ukraine crisis eased today.

Today market breadth ended firm positive. Total 1602 shares advanced as compared to 1109 shares declined. While 143 shares remained unchanged, of the 2584 shares traded today.

Tags – Ukraine crisis, Market Pulse, Stock Market Pulse, Investment Banking: Concepts, Analyses and Cases


Related Reading:



Calming Ukraine crisis pulls Sensex up 263 points
http://www.stockmarketpulse.net/2014/03/04/calming-ukraine-crisis-pulls-sensex-263-points/

March 3, 2014

Ukraine crisis drag markets down - Stock Market Pulse

BSE Sensex closed below 21,000 following Ukraine crisis

Ukraine crisis drag markets down
Markets breaking its 5-day winning streak, closed weak today following Ukraine crisis. After opening weak in morning, markets continued to slip down, before closing near days low. Ukraine crisis was looming over the world market, on political tension between Russia and Ukraine. The S&P BSE Sensex closed down by 173.55 points or 0.82 percent at 20946.65. It touched a low of 20921 after hitting a high of 21140 in the early morning session. The CNX Nifty too declined by 55.50 points or 0.88 percent at 6221.45.

Nearly most of the sectoral indices closed weak on Ukraine crisis. Healthcare index dropped by 1.55 percent. IT index fell by 1.25 percent. Auto and Power indices declined by 1.18 percent each. Capital index also fell over 1 percent. Bankex, FMCG, Metal and Realty indices too closed weak. While Consumer Durables surged by 1.74 percent and Oil & Gas index advanced by 0.24 percent. However broader markets ended mixed today. Mid-cap index declined by 0.30 percent and Small-cap index gained tad by 0.06 percent.

Only a couple of index scrip’s managed to close positive, as Ukraine crisis loomed over benchmark indices. Among them were, Reliance Industries gaining by 0.53 percent. Tata Steel, Hindalco Industries and ITC advanced between 0.4-0.3 percent. While Coal India gained marginally by 0.14 percent.

Among the index losers, Dr Reddys Lab slipped nearly 3 percent. BHEL, Sun Pharma and Mahindra & Mahindra dropped between 3-2 percent. Cipla Limited fell almost by 2 percent, Sesa Sterlite, Wipro, Tata Motors, Bajaj Auto, TCS, ICICI Bank, Hindustan Unilever and L&T also declined between 2-1 percent each. NTPC and Axis Bank also declined nearly by 1 percent. HDFC, SBI, Tata Power, Infosys, ONGC, Hero MotoCorp, Bharti Airtel, Maruti Suzuki, Gail (India) and HDFC Bank were the other index losers.

Overall market breadth was negative. Total 1480 shares declined as compared to 1204 shares advanced. While 120 shares remained unchanged.

Tags – Ukraine Crisis, Market Pulse, Stock Market Pulse, Stock Investing For Dummies

Related Reading:



Ukraine crisis drag markets down
http://www.stockmarketpulse.net/2014/03/03/ukraine-crisis-drag-markets/

February 28, 2014

Sensex, Nifty gains on FII inflows, strong buying - Stock Market Pulse

Sensex above 21000 as markets end at 5-week high

Sensex gains on FII inflows, strong buying
Markets closed higher for the fifth straight sessions. After trading for almost a range bound, markets staged recovery in the late session. It ended near the day’s high, led by heavy-weight Tata Motors and TCS. The S&P BSE Sensex and Nifty benchmark indices ended at 5-week high. The S&P BSE Sensex surged over 133 points or 0.63 percent to 21,120.20. After opening flat it touched a low of 20989 and a high of 21140. The CNX Nifty also gained over 38 points to end at 6276.95 gaining by 0.61 percent. It touched a high of 6282.7 and a low of 6228.1 in the intraday.

Among the sectoral indices Healthcare surged by 2.27 percent. IT, Auto and Capital Goods rose between 2-1 percent each. Metal index also gained nearly 1 percent. Bankex index advanced by 0.28 percent. Power and Realty were the other indices closing with gains. Whereas, Consumer Durables slipped by 0.67 percent. FMCG index declined by 0.33 percent and Oil & Gas index ended almost flat with negative bias. In the broader markets, Mid-cap index gained by 0.49 percent and Small-cap advanced marginally by 0.14 percent.

Among the sensex gainers, Hindalco Industries spurted nearly 7 percent. Tata Motors and TCS also gained over 4 percent. BHEL rose over 3 percent. ONGC, Sun Pharma, Axis Bank, Dr Reddys Lab and Cipla gained between 3-2 percent. Sesa Sterlite, Mahindra & Mahindra, Larsen & Toubro and Bajaj Auto also gained between 2-1 percent. ICICI Bank, SBI, Infosys, Gail (India) and Coal India were other gainers today.

In the sensex index losers, Maruti Suzuki skidded by 4.54 percent. NTPC dropped by 2.51 percent. Tata Steel Reliance Industries, HDFC Bank, Hindustan Unilever and Wipro slipped between 2-1 percent. Tata Power fell by 0.76 percent. Hero MotoCorp, ITC, Bharti Airtel and HDFC were the other index losers.

However, sensex breadth ended tad negative. Of the 2833 shares traded, 1357 shares declined and 1314 shares advanced. Whereas, 162 shares remained unchanged.

Tags – BSE Sensex, Market Pulse, Stock Market Pulse, Indian Stock Market

Related Reading:


Sensex, Nifty gains on FII inflows, strong buying
http://www.stockmarketpulse.net/2014/02/28/sensex-gains-fii-inflows-strong-buying/

February 26, 2014

Markets ends high; BSE Sensex gains 134 points

BSE Sensex gains 134 points to end at one-month high on February derivatives expiry



Markets ended the day higher, gaining for the fourth consecutive day. After opening flat, markets continued to gain amidst volatile trading session. The S&P BSE Sensex after opening flat up by 17 points touched a low of 20860 and a high of 21005. However, bse sensex ended the day by gaining 134.52 points or 0.65 percent to 20986.99. The CNX Nifty ended up by 38.75 points or 0.62 percent to 6238.80. It touched a low of 6202 and a high of 6246 intraday today.

Among the bse sensex sectoral indices FMCG and Capital Goods rose nearly 1 percent. Auto and Healthcare indices also gained between 0.9-0.8 percent. Power and Bankex indices also advanced between 0.6-0.5 percent. Consumer Durables, Oil & Gas and IT were the other sectoral indices closing with gains. While Metal index slipped nearly 2 percent and Realty index declined by 0.53 percent. However broader markets ended marginally higher. Mid-cap index inched up by 0.1 percent and Small-cap index advanced 0.23 percent.

Among the bse sensex, Gail (India) was the top gainer in the index surging nearly 3 percent. Dr Reddys Lab and ITC gained over 2 percent each. Mahindra & Mahindra gained by 2 percent. BHEL, Wipro, Sun Pharma, Bajaj Auto and Hero MotoCorp also rose between 2-1 percent. SBI and HDFC gained nearly 1 percent each. HDFC Bank, L&T, ONGC, Infosys and ICICI Bank advanced between 1-0.5 percent. Tata Motors, Cipla, Bharti Airtel, Hindustan Unilever, Axis Bank and Reliance Industries were among the other bse sensex index gainers.

Among the bse sensex losers Tata Steel dropped by 3.23 percent. Tata Power and Coal India slipped between 2-1 percent. Maruti Suzuki fell by 0.41%. TCS and NTPC also declined between 0.3-02 percent.

However market breadth ended marginally weak. With 1369 shares declining as compared to 1322 shares advancing. While 151 shares remained unchanged of the 2842 shares traded.

Tags – BSE Sensex, Market Pulse, Stock Market Pulse

Moving Averages Illustrated Comprehensively By HNK for BSE SENSEX

BSE Sensex gains 134 points; Markets ends high

February 25, 2014

CNX Nifty ends at 6200, faces resistance

Markets ends marginally higher; CNX Nifty faces resistance at 6200 levels

Markets ended marginally higher for straight third day. After opening positive markets turned weak amid selling pressure in afternoon trades. However, it recovered enough to close marginally higher amid narrow range volatile session. The S&P BSE Sensex ended marginally up over 41 points or 0.2 percent to 20,852.47. After opening up over 66 points at 20877 it touched a high of 20912 and a low of 20777. The CNX Nifty too gained marginally nearly 14 points or 0.23 percent to 6200.05. The CNX Nifty had touched a high of 6216 and a low of 6176 intraday today.

Among the sectoral indices Consumer Durables surged nearly 3 percent. IT index rose by nearly one percent. Auto and Capital Goods too gaining between 0.6-0.5 percent. FMCG and Healthcare indices gained marginally and while Realty index inched up. Whereas, Metal index slipped by 1.75 percent and Power index fell by 0.42 percent. Oil & Gas and Bankex indices closed almost flat with negative bias. In the broader markets Mid-cap index advanced by 0.32 percent and Small-cap index gaining tad up by 0.09 percent.

In the index gainers list, Wipro surged nearly 3 percent. Following the trend Bajaj Auto rose over 2 percent. BHEL and Cipla Limited gained nearly 2 percent. Bharti Airtel and Hindalco Industries also gained between 2-1 percent. Infosys, ITC, Larsen & Toubro and Tata Motors too gaining between 1-0.5 percent. TCS, Hero MotoCorp, HDFC Bank and HDFC were the other gainers, while ONGC ended flat.

In the index losers list, Coal India and Sesa Sterlite dropped by 2.26 percent each. Tata Steel and Tata Power slipping over 2 percent each. Gail (India) and NTPC also slipped between 2-1 percent. Dr Reddys Lab, ICICI Bank, Maruti Suzuki, Sun Pharma, SBI, Reliance Industries, Hindustan Unilever, Mahindra & Mahindra and Axis Bank were the other index losers.

Overall market breadth ended marginally weak. Overall 1355 shares declined as compared to 1312 shares advanced. While 153 shares remained unchanged of total 2820 shares traded.

Tags - CNX Nifty, Market Pulse, Stock Market Pulse

Multivariate Analysis to Get an Estimate of the Indian Stock Market CNX Nifty Index

February 24, 2014

Sensex gains 111 points; markets closes higher

Markets near one-month high; Sensex rises 111 points

Sensex gains 111 points; markets closes higher
Markets recovered after opening weak. It closed near days high surging for second straight day. The recovery was led by Capital Goods and Bankex sectoral shares. The S&P BSE Sensex gained nearly 111 points or 0.53 percent to 20,811.40. After opening weak it touched a low of 20637 and a high of 20695. The CNX Nifty also advanced nearly 31 points or 0.50 percent to 6,186.10. It touched a low of 6,130.80 and a high of 6,191.85 intraday today.

In the sectoral indices, Capital Goods index surged by 2.53 percent. Bankex and Healthcare gained by 1.2-1.1 percent. Oil & Gas, Auto and FMCG advanced between 0.7-0.4 percent. Consumer Durables and Realty indices closed flat. Whereas, Power index slipped by 1.45 percent. Metal index declined by 0.91 percent and IT index fell by 0.38 percent. In the broader markets, Mid-cap index fell by 0.3 percent and Small-cap index declined by 0.35 percent respectively.

Among the sensex gainers Tata Power spurted over 5 percent. BHEL and Axis Bank surged nearly 4 percent each. Larsen & Toubro and Dr Reddys Lab also surged between 3-2 percent. ONGC, Hero MotoCorp, HDFC, Gail (India), Mahindra & Mahindra, ICICI Bank and Wipro Limited gained between 2-1 percent. Sun Pharma gained nearly 1 percent. HDFC Bank, ITC, Maruti Suzuki, State Bank of India, Coal India Ltd, Bajaj Auto, Tata Motors, Reliance Industries and Hindustan Unilever were the other index gainers.

Among the sensex losers NTPC crashed over 11 percent. Bharti Airtel dropped nearly 2 percent. Tata Steel, Tata Consultancy Services and Sesa Sterlite declined between 2-1 percent. Cipla Limited and Hindalco Industries also fell by 0.5-0.3 percent. Infosys also closed almost flat with negative bias.

However market breadth was almost neutral. Out of 2809 shares traded, 1338 shares advanced as compared to 1323 shared declined. While 148 shares remained unchanged.

Tags – Sensex, BSE Sensex, Market Pulse, Stock Market Pulse

Stock Market in India: Bombay Stock Exchange and National Stock Exchange: A Comparative Analysis

February 21, 2014

Sensex stages pull back ends 164 points higher - Stock Market Pulse

Market stages pull back as Sensex ends 164 points higher

Market Pulse
Indian Market today staged a pull back ending higher near days high. After opening firm in the morning it almost traded in a range before ending higher. Recovery was led by the banking shares amid firm global cues. Also, investors sentiment boosted after a survey indicated a brisk recovery in the US manufacturing. This sparked off a rally in the Asian market. The S&P BSE Sensex ended up over 164 points or 0.80 percent to 20700.75, after opening firm up neary 64 points in the morning session. The CNX Nifty also gained by 64 points or 1.05 percent to 6155.45. It had opened neary 17 points up in the morning.

Except for Realty index all the other sectoral indices closed with gains. Realty index has closed marginally weak by 0.10 percent. Capital Goods and FMCG indices surged by 1.3-1.2 percent. Bankex and IT index both ended up by 1.16 percent. Metal index gained by 0.85 percent and Oil & Gas index advanced by 0.74 percent. Consumer Durables, Auto, Power and Healthcare were the other indices ending the day with gains. In the broader markets Mid-cap index gained by 0.71 percent and Small-cap index advanced by 0.49 percent.

Among the sexsex gainers, Axis Bank surged nearly 3 percent. L&T, ITC and Tata Steel also gained nearly 2 percent. ICICI Bank, SBI, Tata Motor, Wipro and Infosys rose between 2-1 percent. Bajaj Auto also rose nearly 1 percent. Reliance Industires, HDFC, Gail (India), TCS and NTPC too advanced between 1-0.5 percent. Other sensex gainers include Tata Power, Hindalco Industries, Sesa Sterlite, Mahindra & Mahindra and ONGC.

Among the sensex losers, Bharti Airtel dropped nearly 3%. Sun Pharma slipped nearly 1 percent. Maruti Suzuki, Cipla and Hero MotoCorp ended down between 0.6-0.5 percent. BHEL, HDFC Bank, Hindustan Unilever and Coal India were the other losers.

The overall market breadth ended firm positive. Total 2816 shares traded today. Of which 1480 shares advanced and 1182 shares declined. While 154 shares remained unchanged.

Tags - Sensex, BSE Sensex, Market Pulse, Stock Market Pulse

Sensex stages pull back ends 164 points higher
http://www.stockmarketpulse.net/2014/02/21/sensex-stages-pull-back-ends-higher/

February 20, 2014

Banking shares drags markets down - Stock Market Pulse

Banking shares drags markets down; China PMI, US Federal plays spoil sport

Banking shares drags markets down
Markets snapping its four day winning streak closed weak near days low. Banking shares and Metal sectors were the major in dragging the benchmark indices. US Federal Reserve’s last meeting caused the turmoil. Adding to the turmoil was China PMI (Purchasing Managers Index) which fell to 48 percent seven month low. The BSE Sensex slipped by 186 points or 0.9 percent at 20,536. It opened weak down nearly 62 points at 20661. The CNX Nifty also declined by 61 points or 1 percent at 6091. It opened down by 25 points at 6127.

Weakness in the sectoral market was seen. Bankex index dropped 1.63 percent and Metal indices slipped over 1 percent. FMCG and Oil & Gas indices fell by 0.9-0.8 percent. IT, Realty, Auto and Consumer Durables were the other indices closing weak. While Healthcare index closed almost flat with negative bias.

Power and Capital were the only sectoral indices posting marginal gains closing between 0.3-0.1 percent. Even the weakness was seen in broader markets. However the broader markets closed mixed. Mid-Cap index ended flat and Small-Cap index slipped marginally by 0.16 percent.

Among the Sensex gainers Dr Reddys Lab dropped by 1.82 percent. Bajaj Auto and Tata Power slipped nearly 1 percent each. BHEL, L&T and Wipro were the only other index gainers closing marginally positive.

Among the Sensex losers, banking shares were the main draggers. It includes ICICI Bank dropping over 2 percent. HDFC and HDFC Bank fells between 2-1 percent. Axis Bank slipping by 0.7 percent. Bharti Airtel slipped nearly 2 percent. SBI and Tata Steel also slipped 1.80 percent each. Hindalco, ITC, Coal India, Gail (India), Mahindra & Mahindra and Infosys fell down between 2-1 percent. Hero MotoCorp and Maruti Suzuki fell nearly 1 percent each. Reliance Industires, ONGC, Hindustan Unilever, Sun Pharma, Cipla, Sesa Sterlite, NTPC, TCS and Tata Motors were among the other index decliners.

The overall market breadth was firm negative. Of 2820 shares traded 1492 shares declined and 1180 shares advanced. While 148 shares remained unchanged.

Tags – Banking Shares, Market Pulse, Stock Market Pulse

Banking shares drags markets down
http://www.stockmarketpulse.net/2014/02/20/banking-shares-drags-markets/

IT Sector led market high; Sensex at 20722 - Stock Market Pulse

Markets ended higher led by IT sector shares

IT Sector led market high
Markets today closed near days high in late trading session. After opening almost flat markets remained range bound for most part of the trading session. Late trade surge was backed by IT sector shares leading the gains. The S&P BSE Sensex closed nearly 89 points up or 0.43 percent to 20722.97. After opening flat Sensex touched a low of 20629 and a high of 20750. The CNX Nifty gained by 25.65 points or 0.42 percent to 6,152.75. It touched a high of 6160 and a low of 6125 intraday.

Among the sectoral indices IT sector index surged by 1.48 percent. Healthcare and Consumer Durables rose by 1.17 and 1.11 percent. Capital Goods index gained over 1 percent. Bankex, Realty and Oil & Gas were the other indices closing with gains. Metal index slipped over 1 percent, Power index fell by 0.41 percent. FMCG and Auto indices closed too marginally weak. In the broader market Mid-cap index gained by 0.5 percent and Small-cap index advanced 0.66 percent.

In the index gainers, Sun Pharma surged over 2 percent. IT Sector share Infosys surged over 2 percent, TCS and Wipro rose between 2-1 percent. HDFC Bank and L&T rose between 2-1 percent. Gail (India) rose by 0.74 percent. SBI, Dr Reddys Lab gained by 0.64 percent and ONGC, BHEL too gained by 0.60 percent. Mahindra & Mahindra, Cipla, Bharti Airtel and HDFC were the other gainers. While Axis Bank and Tata Motors closed flat.

In the index losers, Tata Power dropped over 2 percent. Sesa Sterlite, Hero MotoCorp, NTPC, Tata Steel and Bajaj Auto slipped between 2-1 percent. ICICI Bank and Maruti Suzuki fell by 0.7-0.6 percent. Hindustan Unilever, Hindalco Industries, ITC, Coal India and Reliance Industries were the other losers.

Overall market breadth was firm positive. Of the 2829 shares traded 1426 shares advanced and 1252 shares declined. While 151 shares remained unchanged.

Tags – IT Sector, Information Technology, Market Pulse, Stock Market Pulse

IT Sector led market high; Sensex at 20722
http://www.stockmarketpulse.net/2014/02/19/it-sector-led-market-high/

February 18, 2014

Financial shares led the markets high; Sensex at 20634 - Stock Market Pulse

Financial shares led the markets high; amid GDP growth forecast

Financial shares led the markets high
Markets closed higher gaining for the straight fourth day. Market after opening flat gained momentum led by banking and financial shares. High growth forecast in the last two quarters led the sudden buying surge in the financial shares. The S&P BSE Sensex closed higher by 170 points or 0.83 percent to 20634. After opening almost flat at 20457 it touched a low of 20436 and a high of 20685. The CNX Nifty also rose nearly by 54 points or 0.89 percent to 6,127.10. It had touched a high of 6141 and a low of 6066 in the intraday.

In the sectoral front, Bankex index surged the most by 2.34 percent. Capital Goods index rose by 2.09 percent. Power and Metal index also gained between 2-1 percent. Auto index gained nearly 1% percent and Realty and Consumer Durables advanced by 0.6-0.5 percent. Healthcare index ended up by 0.22 percent. However FMCG index fell marginally by 0.28 percent while Oil & Gas and IT index ended almost flat with negative bias. Even the broader markets closed in line with benchmark index. Mid-cap index closed up by 0.71 percent and Small-cap index gained by 0.80 percent.

In the index gainers list was led by banking and financial shares. Axis Bank spurted by 4.42 percent. HDFC, ICICI Bank surged between 3-2 percent SBI and HDFC Bank rose by 1.74 and 1.54 percent each. Maruti Suzuki Tata Power and L&T surged between 3-2 percent. Tata Steel, BHEL and Tata Motors also gained between 2-1 percent. Mahindra & Mahindra and Hindalco Industries gained by 0.74 and 0.71 percent. Infosys, Sesa Sterlite, Dr Reddys Lab, Hindustan Unilever, Sun Pharma, Reliance Industries, NTPC and Hero MotoCorp were the other index gainers.

In the index losers list, Gail (India) slipped by 1.45 percent. Bharti Airtel and ITC declined by 0.95 and 0.80 percent. Wipro, Coal India and Cipla fell between 0.7-0.5 percent each. While TCS, ONCG and Bajaj Auto closed marginally weak.

Today market breadth was firm positive. Of the 2819 shares traded, 1419 shares advanced and 1218 shares declined. While 182 shares remained unchanged.

Tags – Financial shares, Market Pulse, Stock Market Pulse

Financial shares led the markets high; Sensex at 20634
http://www.stockmarketpulse.net/2014/02/18/financial-shares-led-markets-high/

February 17, 2014

GDP growth forecat pulls market higher - Stock Market Pulse

High GDP growth forecast for Q3,Q4 boosts market sentiment

GDP growth forecat pulls market higher
Markets today closed higher post interim budget. After opening positive in morning markets traded range-bound. Market however closed higher after Finance Minister’s positive indication about GDP growth. Finance Minister has forecast GDP growth in the last two quarters to be at least 5.2 percent this fiscal year. The S&P BSE Sensex after opening up by 72 points at 20438 in the morning closed higher at 20464.06. It gained by 97.24 points or 0.48 percent. The CNX Nifty ended up nearly 25 points or 0.41% to 6,073.3.

Today sectoral indices closed mixed. Bankex was the top gaining index surging by 1.21 percent. Power, Auto and Healthcare indices also rising between 1-0.6 percent each. IT and Capital Goods were the other indices closing with marginal gains. Whereas, Realty index dropped by 0.82 percent. Consumer Durables and Metal indices also fell between 0.8-0.7 percent. Oil & Gas index declined by 0.49 percent while FMCG index closed marginally down by 0.11 percent. However broader market today underperformed as compared to benchmark index. Mid-cap index ended down by 0.18%, while Small-cap index ended almost flat with positive bias.

Among the index gainers Tata Power spurted by 4.81 percent. Mahindra & Mahindra, Dr Reddys Lab and ICICI Bank surged between 2-1 percent. Hero MotoCorp, Maruti Suzuki and HDFC Bank rose between 2-1.3 percent. HDFC and Axis Bank gained 1.15 percent each whereas NTPC gained by 1.10 percent. Tata Steel, ONGC, Gail (India), L&T, Infosys, Bajaj Auto, Cipla, TCS, ITC and Hindustan Unilever were among the index gainers.

Among the index losers, Coal India, Hindalco Industries and Reliance Industries slipped between 2-1 percent. Wipro and BHEL fell by 0.6-05 percent. Sun Pharma, Tata Motors and Sesa Sterlite also declined between 0.5-04 percent each. SBI fell marginally by 0.12 percent while Bharti Airtel closed almost flat down by 0.03 percent.

However market breadth today ended weak. Out of 2765 shares traded, 1373 shares declined as compared to 1235 shares advanced. While about 157 shared remained unchanged.

Tags – GDP Growth, GDP Growth India, Gross Domestic Product, Market Pulse, Stock Market Pulse

GDP growth forecat pulls market higher
http://www.stockmarketpulse.net/2014/02/17/gdp-growth-forecat-pulls-market-higher/

February 15, 2014

Wholesale price index at 5.05% in January 2014 - Stock Market Pulse

WPI (Wholesale Price Index) inflation at 8-month low in January 2014

Wholesale Price Index at 5.05%
Wholesale price index declined to an eight month low in January due to an unexpectedly sharp fall in vegetable rates.

As per the data released by commerce and industry on Friday inflation based on WPI (Wholesale price index ) has slowed. The annual rate of inflation, based on monthly WPI (Wholesale price index ), stood at 5.05% for the month of January, 2014 (over January, 2013) as compared to 6.16% for the previous month and 7.31% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 5.17% compared to a build-up rate of 5.78% in the corresponding period of the previous year. The consensus expectation was for a decline to 5.8%. The drop in headline inflation has, however, not enthused economists because of a rise in core inflation, a measure of demand closely tracked by the Reserve Bank of India (RBI).

Retail inflation is relatively new index. This index has got more attention because RBI (Reserve Bank of India) has placed it at the center of its monetary policy focus. The retail inflation declined from 9.87% in December 2013 to 8.79% in January 2014.

The Central Statistics Office projected growth for the 2013-14 fiscal year at 4.86%. The second successive year in which it will be below 5%. 2012-13 GDP growth was revised down to 4.5% from 5% estimated earlier, the slowest in 10 years.

Manufactured products' inflation inched up to 2.76% in January 2014 from 2.64% in December 2013.

Tags – Wholesale Price Index, Market Pulse, Stock Market Pulse

Wholesale price index at 5.05% in January 2014
http://www.stockmarketpulse.net/2014/02/15/wholesale-price-index-5-05-january-2014/

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