Daily Tips

Monday, August 26, 2013

Sensex up 144 points in early trade

Mumbai: Continuing its rising streak for the third straight day, the BSE benchmark Sensex today rose 144 points in early trade on expectations that the government would take steps to attract capital flows to fund the current account deficit. Besides, a firming trend in the Asian region also influenced the trading sentiment. The 30-share barometer rose 143.77 points, or 0.78 per cent, to 18,663.21 with stocks of capital goods, realty, power and banking sectors leading the rally. The index had gained 613.53 points in the previous two sessions. Similarly, the wide-based National Stock Exchange index Nifty moved up by 37.10 points, or 0.68 per cent, to 5,508.85. Brokers said the sentiment buoyed on increased buying by funds as well as retail investors after the Finance Ministry said on Saturday...

Bank of India: Credit growth for Agri, Retail & SME sectors has been good

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Rupee, bonds weaken at open; further falls expected

Mumbai: The rupee on Monday again turned weak and plunged 70 paise to 63.90 against the US dollar in early trade after strong recovery on Friday, due to increased demand for the American currency from importers and some banks. Dealers said besides increased month-end demand for dollar from importers, dollar's gain against some currencies overseas put pressure on the domestic currency. However, a higher opening in the domestic equity market, capped the rupee's fall, they said. The rupee had made a stunning comeback by rising 135 paise to close at 63.20, its second-biggest rise in a decade against the dollar on Friday. Meanwhile, the BSE benchmark Sensex rose further by 143.77, or 0.78 percent, at 18,663.21 in early trade today....

GOOD MORNING TO ALL - HAPPY TRADING

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Wednesday, August 21, 2013

Financial Tech slips 20% as NSEL defaults on payout

NEW DELHI: Financial Technologies (India) Ltd plunged as much as 20 per cent in morning trade after its subsidiary National Spot Exchange (NSEL) defaulted on payments to investors on Tuesday. The first payout from borrowers on NSEL to 148 broker members, representing 13,000 investors, was unsuccessful with the exchange managing to recover Rs 92.12 crore against the Rs 174.72 crore it was supposed to pay out every week for the next five months beginning August 20. The total amount due to be paid out is Rs 5574.31 crore over 30 weeks. At 09:40 a.m.; Financial Technologies recouped some of the morning losses and was trading 6.3 per cent lower at Rs 132.40. It has hit a low of Rs 113.05 and a high of Rs 140 in trade today. Shares in Multi Commodity Exchange of India, another FT-promoted entity...

Rupee could touch 70 Vs dollar in a month or so

Mumbai: The rupee could touch 70 against the US dollar in a month or so, although some revival is expected in the currency by the end of the year, Deutsche Bank said in a report on Wednesday. "We continue to believe that fundamentally the rupee is undervalued and has overshot its equilibrium level substantially, but as numerous episodes of past currency crises have amply demonstrated, under a scenario of deep pessimism, currencies can overshoot substantially and remain so for a long time," economists at the bank wrote in the report. "India, we fear, is entering such a zone". The partially convertible rupee dropped to a record low of 64.13 per dollar on Tuesday and was trading at 63.38/42 on Wednesday, weaker than its close of 63.25/...

GOOD MORNING - HAPPY TRADING

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Monday, August 19, 2013

GOOD MORNING TO ALL - HAPPY TRADING

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Wednesday, August 14, 2013

GOOD MORNING TO ALL

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Tuesday, August 13, 2013

GOOD MORNING TO ALL - HAPPY TRADING

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Monday, August 12, 2013

Gold is trading higher by Rs 528 at Rs 28,434/10gm.

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Silver is trading higher by Rs 1,302 at Rs 44,000/kg.

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Thursday, August 8, 2013

GOOD NOON TO ALL

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Wednesday, August 7, 2013

NYMEX MCX Natural Gas positive on short covering

http://bit.ly/1ervseP #commodity #mark...

Oil futures hold mild gain after inventory decline http://on.mktw.net/189iUXS

http://on.mktw.net/189i...

Infra stocks now going cheaper than a kilo of onions | Business Standard: http://www.business-standard.com/article/markets/infra-stocks-now-going-cheaper-than-a-kilo-of-onions-113080700314_1.html#.UgHlig4HE3c.twitter …

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GOOD MORNING TO ALL ---HAPPT TRADING

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Tuesday, August 6, 2013

ALPHA

BUY COPPER @ 434.5 SL 433 TGT 437-438 - AL...

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