What dampened market sentiment? Here are five factors

Rupee at record low: A falling rupee weighed heavy on investor sentiment. The local currency plunged to its fresh record low of 73.77 against the dollar early Thursday.

Boiling oil: Brent crude was trading over $86 per barrel in morning deals while WTI crude was above $76 per barrel.

Rising bond yields: Hardening bond yields are creating waves of panic in the domestic equity market. India’s 10-year bond yield was hovering above 8.18 per cent on Thursday against previous close of 8.11 per cent.

Foreign capital outflows: Investors remained concerned over sustained foreign money outflows as foreign portfolio investors offloaded shares worth Rs 455.02 crore in October so far.

Weak Asian cues: Subdued Asian markets spoiled market sentiment too. Japan's Nikkei edged lower in choppy trade on Thursday morning.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Financials lift Wall Street, but rate worry caps gains

The Dow Jones Industrial Average rose 54.45 points, or 0.2 percent, to 26,828.39, the S&P 500 gained 2.08 points, or 0.07 percent, to 2,925.51 and the Nasdaq Composite added 25.54 points, or 0.32 percent, to 8,025.09.

Wall Street advanced on Wednesday and the Dow Jones Industrial Average closed at a record for a second day, after U.S. economic data fuelled a rise in Treasury yields, lifting financial stocks.

Traders now see a 79.7 percent chance of a 25 basis point hike at the December meeting of the Fed, up from 78.5 percent a day ago, according to CME's FedWatch tool.

General Motors rose 2.1 percent after Honda Motor said it would invest $2 billion over 12 years in the U.S. carmaker's Cruise self-driving unit.

Michael Kors rose 3.0 percent after Citi upgraded the stock on expectations its recent purchase of Italian fashion house Versace would boost performance.

Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favoured advancers.

The S&P 500 posted 29 new 52-week highs and 14 new lows; the Nasdaq Composite recorded 38 new highs and 67 new lows.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

CAPITAL BUILDER TODAY’S NIFTY SUPPORT & RESISTANCE LEVELS

CAPITAL BUILDER TODAY’S NIFTY SUPPORT & RESISTANCE LEVELS 

S1- 10800, 

S2-10750 ,

R1- 11900 

R2-10950 : 

TREND- BEARISH

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Sell-off continues as Sensex slides 300 pts; IT, Autos top losers

Nifty IT and Auto were biggest losers among sectoral indices while Metal (up 3 percent) and PSU Bank (up 2 percent) topped the buying list.

Market Update:

Bears tightened their grip on Dalal Street as benchmark indices continued to trade sharply lower amid rising crude oil prices, Italy's Budget plan woes and rupee volatility.

The 30-share BSE Sensex dropped 304.04 points to 36,222.10 and the 50-share NSE Nifty dipped 81.30 points to 10,927 but the market breadth remained positive.

About two shares advanced for every share falling on the BSE.

Nifty IT and Auto were biggest losers among sectoral indices, falling around 1.7 percent each while Metal (up 3 percent) and PSU Bank (up 2 percent) topped the buying list.

Eicher Motors, M&M, Axis Bank, Bharti Infratel, TCS and UPL fell 3-6 percent followed by Reliance Industries, Infosys and Maruti Suzuki.

Bajaj Finance, Vedanta, Indiabulls Housing Finance, HPCL, Hindalco, BPCL and Yes Bank outperformed market, rallying 3-8 percent followed by IOC and SBI.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Metal & mining stocks jump up to 5%; Vedanta, MOIL top gainers

Most metal & mining stocks were trading with decent gains in Wednesday's session, keeping the sectoral index higher. 

The Nifty Metal index was trading 2.3 per cent up at 3,609 around 12:15 pm. 

Shares of VedantaNSE 5.35 % (up 5.76 per cent), MOIL (up 5.67 per cent) and NMDC (up 4.63 per cent) were the top gainers in the metal index.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Dow closes at record but Facebook drags S&P, Nasdaq

The Dow Jones Industrial Average rose 122.73 points, or 0.46 percent, to 26,773.94, the S&P 500 lost 1.16 points, or 0.04 percent, to 2,923.43 and the Nasdaq Composite dropped 37.76 points, or 0.47 percent, to 7,999.55.

The Dow hit a record closing high on Tuesday, but another drop in Facebook shares weighed on both the S&P 500 and Nasdaq, driving both to finish in the red.

The NYSE FANG+TM index , an equal-weighted index of five core FANG stocks, was down 4.2 percent for September.

The smallcap Russell 2000 index was off 1.01 percent. Smaller names, which had been viewed as being more insulated to trade pressures, are losing their lustre following Sunday's late-night North American trade agreement. The index is now down nearly 5 percent from its August 31 high.

The S&P 500 posted 20 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 35 new highs and 124 new lows.Volume on US exchanges was 7.19 billion shares, compared to the 6.93 billion average for the full session over the last 20 trading days.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Asian markets trade mixed:

Asian markets trade mixed: 

Asia markets are trading mixed this Monday morning led by data released on Sunday showing a slowdown in China's manufacturing sector. 

The Nikkei 225 was 0.39 percent higher while the Topix declined by 0.13 percent in the early hours. 

In South Korea, the Kospi was higher by around 0.1 percent in the morning.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

CLOSING BELL: Sensex drops 97 pts; Nifty ends at 10,930; Infibeam Avenues sinks 71%, YES Bank 9%

CAPITAL BUILDER CLOSING BELL : 

NIFTY DOWN BY 47.10 @ 10930.45, 

BANKNIFTY UP BY 77.70 @ 25119.85, 

SENSEX DOWN BY 97.03 @ 36227.14

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

YES Bank shares continue to tumble, drop nearly 10%

Yes Bank stock has crashed more than 50 percent in last one month wiping out more than Rs 4,600 crore in market capitalisation. It fell as much as 9 percent on Friday to hit fresh 52-week low of Rs 184.45.

It was quoting at Rs 189.30, down Rs 13.90, or 6.84 percent, on the BSE at 10:50 hours IST. 

It has been the biggest loser among Nifty50 stocks in last one month.

In the dock for under-reporting bad loans, Yes Bank has denied any “window dressing” of corporate loans to conceal its non-performing asset (NPA) status.

Yes Bank further said its gross NPA ratios are among the finest in the banking industry and the internal control over financial planning is audited with BSR and Co (KPMG), that has given an “un-qualified opinion” on it.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Market Live: Nifty back in the green on Day 1 of October series; midcaps cut losses

Market Update Equities have staged some recovery and are trading in the green. The Nifty is trading flat, while the Sensex is up around 50 points.

The Sensex is up 46.46 points or 0.13% at 36370.63, while the Nifty up 2.60 points or 0.02% at 10980.10. 

The market breadth is negative as 637 shares advanced, against a decline of 1,508 shares, while 116 shares are unchanged.

HDFC, SBI, and GAIL are the top gainers, while Yes Bank, Tata Steel, and Indiabulls Housing have lost the most.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Indian rupee erases morning gains; trades marginally lower at 72.63 per dollar

After a positive opening Indian rupee erased all its morning gains and trading marginally lower at 72.63 per dollar.


It opened higher by 10 paise at 72.49 per dollar versus previous close 72.59.


Yesterday it ended flat versus Wednesday's close of 72.61 per dollar.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

OPENING BELL: Sensex jumps 150 pts, Nifty50 nears 11,050; DHFL gains 3%, Apollo Tyres drops 3%

CAPITAL BUILDER OPENING BELL: 

NIFTY UP BY 30.55 @ 11008.10, 

BANKNIFTY UP BY 93.65 @ 25135.80, 

SENSEX UP BY 128.57 @ 36452.74

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

CLOSING BELL: Sensex sheds 218 pts, Nifty50 settles September F&O series at 10,978; smallcaps worst hit

CAPITAL BUILDER CLOSING BELL : 

NIFTY DOWN BY 76.25 @ 10977.55,

BANKNIFTY DOWN BY 334.15 @ 25042.15, 

SENSEX DOWN BY 218.10 @ 36324.17

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

The Indian government on Wednesday hiked import duty on high-end consumer items

The Indian government on Wednesday hiked import duty on high-end consumer items including washing machines, air conditioner, footwear, diamonds, jet fuel as a part stabalise currency and to reduce current account deficit (CAD).

“The government has chosen consumer goods over capital ones, banking on the robust and resilient consumption growth over the past year. Given these are a small share of overall imports, the measures would help reduce imports by only USD 500 million (0.1% of total imports), which is quite small,”

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Asian markets mixed after Fed hike

MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.05 per cent lower in early trade, while Japan's Nikkei fell 0.45 per cent. 

South Korea’s Kospi and Hong Kong’s Heng Seng were trading marginally higher; Shanghai Composite index declined 0.3 per cent in early trade.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

10 key takeaways from Supreme Court's Aadhaar verdict

A five-judge bench, headed by Chief Justice of India Dipak Misra, ruled that Aadhaar will stay, but with conditions.

The Supreme Court delivered its judgment on the petitions challenging the constitutional validity of the Aadhaar Act. A five-judge bench, headed by Chief Justice of India Dipak Misra, Justice AK Sikri, AM Khanwilkar, DY Chandrachud and Ashok Bhushan, ruled that Aadhaar will stay, but with conditions.

The verdict on the case was reserved by a constitutional bench earlier this year. Justice Sikri read out the majority verdict.

Here are the 10 key takeaways from the judgment:
1. It is no longer required to link your Aadhaar card to phone numbers and bank accounts. The Supreme Court struck down Section 57 of the Aadhaar Act, which means that private companies cannot insist on Aadhaar details of customers.


2. The Supreme Court has ruled that the Aadhaar card has to be mandatorily linked to one’s PAN card. SC upheld the 139AA of Income Tax Act. It is mandatory to quote Aadhaar/Enrolment ID of Aadhaar application form for filing of return of income.

3. The SC struck down Section 33 (2) of the Aadhaar Act, which permits disclosure of identity information and authentication records for national security.

4. Aadhaar is not mandatory for school admission, Justice Sikri said while reading out the judgment. CBSE, UGC and NEET cannot make Aadhaar mandatory. Children will be given the option to opt out of Aadhaar benefits after becoming adults.

5. The purpose of the Aadhaar Act is legitimate but it is satisfied only if Aadhaar collects minimal data, Justice Sikri observed, and that adequate measures must be in place to protect data. Aadhaar eliminates any chance of duplication, he said.

6. Justice Sikri called the Aadhaar enrolment process foolproof but asked the central government to come up with a stronger data protection law as soon as possible.

7. Aadhaar empowers marginalised sections of society by giving them an identity, Justice Sikri said. The top court said many people benefiting from Aadhaar cannot be denied their rights due to exclusion of a few.

8. Justice Sikri said it is better to be unique than the best and Aadhaar is based on being unique. The architecture of the Aadhaar Act reveals that UIDAI is a statutory body for assigning unique numbers and authentication. Uniqueness is based on submission of demographic and biometric data submission to UIDAI, he said.

9. Justice Sikri said heavy reliance has been put on the privacy judgment of 2017 and that human dignity is already a settled right from an individual’s point of view. He added that profiling is not possible using Aadhaar and that sufficient safeguards are in place to disallow it.

10. The Supreme Court said only an authority above Joint Secretary can take a call on sharing data. There has to be consultation between a secretary-level officer and a sitting or retired judge to decide if data is to be shared in national interest.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Stocks in the news: Yes Bank, Glenmark, Adani Green, Bank of Baroda, Ulfex, Avenue Supermarts

Yes Bank | Glenmark Pharma | Adani Green | Bank of Baroda | Ulfex and Avenue Supermarts are stocks, which are in news today.

Here are the stocks that are in news today:

Bank of Baroda: Moody's affirms bank's ratings, outlook stable.

DLF reappoints KP Singh as chairman for 5 years w.e.f. october 1, 2018

Yes Bank Bank forms search & selection committee to identify new MD & CEO
Search & selection comprises of 3 existing board members and 2 external experts

To ask RBI to give Rana Kapoor time beyond Jan 31, 2019 as MD & CEO

IL&FS Transportation - Brickworks revised rating on NCD worth Rs 3,550 cr to BWR C(SO) from BWR BB-(SO)

Godrej Properties adds new residential project in Ghodbunder Road, Thane

NHPC: Unit 2 of Parbati-II HE Project (4 x 200 MW) in Himachal Pradesh has been successfully synchronised with the grid at 10-11 MW load. Further, the Load throw off test on Unit 2 has been carried out successfully at 25 percent load (50MW) and at 100MW (50 percent load).

Piramal Enterprises approved issue of compulsorily convertible debentures worth Rs 81 crore

Adani Green Energy has won tender for setting up 300 MW Wind generation project

Glenmark Pharma: Board meeting will be held on September 28 to consider opportunistic tenders or buybacks of any part of its Singapore listed foreign currency convertible bonds, being, its $200 million 2 percent resettable onward starting equity linked securities due June 28, 2022 issued in 2016 (FCC Bonds) and / or, its $200 million 4.5 percent senior notes due 2021 issued in 2016 (FCY Bonds).

Blue Dart Express: Company expands reach in order to deliver to every Indian Home by December 2018.

Central Bank of India's board meeting on September 28 to consider additional equity capital upto Rs 2,354 crore via pref equity issue to GoI

Minda Industries: Uno Minda appointed Sunil Bohra as Group Chief Financial Officer on retirement of Sudhir Jain.

Mahindra CIE approved scheme of merger between Bill Forge (Subsidiary) and Mahindra CIE

Cosmo Films: Company announced installation of a new solvent less lamination machine at its Karjan plant, Vadodara.

Sumeet Industries: Brickwork Rating India has revised rating of bank loan facilities of the company.

Uflex: FlexFilms forays into online space with the launch of its E-Commerce website FLEX-BuzzR to market its entire range of films in European region.

Majesco: Company appointed Adam Elster as Chief Executive Officer, effective October 1, 2018. Ketan Mehta, Majesco Co-Founder and current CEO, has decided to retire from the operational role after 36 years of service and will continue to serve Majesco as the Chairman of the company’s board of directors.

Avenue Supermarts: Company has issued Commercial Paper of Rs 65 crore; CRISIL has upgraded its rating on the long term bank facilities and non-convertible debentures of the company from AA/Positive to AA+/Stable.

Kallam Textiles: Board to consider Right Issue on September 29.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

Asian shares hover below 3-week high as Fed rate hike looms

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, in part as South Korea is closed for a holiday. It stayed below a three-week high hit on Friday.

Asian shares barely budged on Wednesday, lacking traction as US bond yields edged near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve and as international oil prices rose to four-year highs.

The benchmark 10-year Treasury yield rose to as high as 3.113 percent, near its seven-year peak of 3.128 percent touched on May 18.

The euro traded at $1.1765, not far from three-month high of $1.18155 touched on Monday.

Oil prices slipped following data showing US crude stocks rose unexpectedly last week and renewed call from Trump on OPEC to boost crude output.

Still they were supported on the whole on concerns of tight supply on US sanctions on Iran's oil exports.

Benchmark Brent futures hit USD 82.55 per barrel, its highest since Nov. 10, 2014, on Tuesday and last stood at USD 81.41, down 0.55 percent on the day.

US crude futures shed 0.6 percent to USD 71.87 per barrel after hitting an 11-week high of USD 72.78 the previous day.

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

OPENING BELL: Sensex gains over 200 points, Nifty50 nears 11,150; YES Bank, Tata Steel jump 2% each

CAPITAL BUILDER OPENING BELL: 

NIFTY UP BY 67.05 @ 11134.50, 

BANKNIFTY UP BY 194.75 @ 25525.10, 

SENSEX UP BY 284.58 @ 36936.64

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More

D-Street turns negative; Sensex down 100 pts, Nifty around 10,900; Yes Bank hits 52-week low

Buying counters are now buzzing in the financials space, with the Bank Nifty trading over one-third of a percent higher. 

Automobiles, pharmaceuticals and IT sectors are trading higher as well.

Market Update: Benchmark indices erased all its gains and trading flat in the afternoon trade.

The Sensex is up 40.66 points at 36345.68, while Nifty is down 9.80 points at 10957.60. 

About 867 shares have advanced, 1568 shares declined, and 139 shares are unchanged.

Private banking major Yes Bank slipped below Rs 200 mark, touched 52-week low of Rs 198.65

For more information and free trading tips

WhatsApp:- +91 997 718 5444

Visit:- www.capitalbuilder.in

Connect with our social media sites

Facebook   Linkedin 

Read More