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Showing posts with label Stock market News. Show all posts
Showing posts with label Stock market News. Show all posts

Jul 8, 2018

Opening Bell (9 July 2018)


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Jul 7, 2018

Fortis releases audited Q4 and FY18 results, auditor raises red flags


The beleaguered healthcare provider, as per the audited financial statement, reported a loss of Rs 932 crore for the fourth quarter ended March impacted by continuing business challenges, impairments and provisions

Fortis Healthcare on Saturday released audited results for Q4 and FY18, largely in line with the unaudited financials it announced on June 27.

The company said the audited financial statements have been released on the completion of the additional review of certain internal processes which were being undertaken at the request of the board of directors.

The release of audited accounts will hasten the process of company's sale. The last date for submission of bids ended early this week.

"As expected, there has been no change in the figures reported in the audited financial statements compared to the unaudited results announced," the company said in a statement.

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Source: https://www.moneycontrol.com/news/business/fortis-releases-audited-q4-and-fy18-results-auditor-raises-red-flags-2683331.html
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Jul 6, 2018

Closing Bell (6 July 2018)


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Jul 5, 2018

INTERNATIONAL MARKET UPDATE


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NCDEX SUPPORT & RESISTANCE LEVEL


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Trade war risk, rising oil costs seen keeping rupee near record low: Reuters poll


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Opening Bell (6 July 2018)


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Closing Bell (5 July 2018)


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Jul 4, 2018

NCDEX SUPPORT & RESISTANCE LEVEL


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Reliance AGM LIVE: RIL may commercially launch broadband service JioFiber


The company is set to hold its 41st AGM since it got listed on the bourses. The market will be closely watching the management's commentary. Please stay tuned for live updates.

Reports suggest that Reliance Industries could commercially launch its broadband service JioFiber at the AGM today. The service has created quite the buzz already and is expected to give users 100 Mbps of speed for 90 days for usage of up to 100 GB of data.

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Source: https://www.moneycontrol.com/news/business/reliance-agm-live-ril-may-commercially-launch-broadband-service-jiofiber-2673211.html
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Opening Bell (5 July 2018)


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Market Live: Nifty at day's high, Sensex up over 250 pts; Bajaj Auto, Bharti Infratel top gainers


HDFC Bank, HDFC and Reliance Industries lifted the market higher.

The market is trading at day's high with the Sensex rising more than 200 points, backed by HDFC twins and Reliance Industries. The rally is also after the Cabinet Committee approval the proposal to raise minimum support price for kharif crops.

The Nifty is trading firmly above 10,750 levels while the Nifty Midcap index continued to underperform frontliners.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-nifty-at-days-high-sensex-up-over-250-pts-bajaj-auto-bharti-infratel-top-gainers-2667561.html
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Market Live: Sensex up 150 pts despite global weakness; HDFC twins, RIL lead


Asian markets are under pressure amid trade tensions.

European stocks were slightly lower Wednesday morning, amid elevated tensions between the US and China over looming trade tariffs and investment restrictions.

France's CAC, Germany's DAX and Britain's FTSE fell 0.1-0.4 percent.

Market focus is largely attuned to the ongoing US-Sino trade row, with investors concerned that the dispute could soon derail a rare period of synchronized global growth. At the end of the trading week, Washington is set to impose tariffs on $34 billion worth of goods from Beijing. China is then expected to respond with charges of its own on US products.

In Asia, equities slipped amid escalating fears of a full-blown trade war. MSCI’s broadest index, excluding Japan, edged around 0.3 percent lower on Wednesday, reports CNBC.

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Jul 3, 2018

Opening Bell (4 July 2018)


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Market Live: Sensex rises over 100 pts, Nifty above 10,700; Vedanta, Bharti Infratel top losers


Asian stocks traded lower, with China's Shanghai Composite falling further amid trade tensions

The market is off its day's high in afternoon as investors closely monitor trade developments between the US and China, and also await June quarter earnings season that will be kicked off next week.

The 30-share BSE Sensex gained 82.58 points at 35,346.99 and the 50-share NSE Nifty rose 29 points to 10,686.30.

The sectoral trend was mixed with the Nifty Pharma index rising 1.5 percent and Auto a percent.

Reliance Industries, Infosys and TCS are supporting the market whereas the selling pressure in ICICI Bank and HDFC twins cap market gains.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-rises-over-100-pts-nifty-above-10700-vedanta-bharti-infratel-top-losers-2662741.html
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Jul 2, 2018

MCX SUPPORT & RESISTANCE LEVEL


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Market Live: Sensex, Nifty open flat despite correction in Asian peers amid trade tensions


Asian stocks were cautiously mixed, with China's Shanghai Composite falling further amid trade tensions.

Benchmark indices started off trade on a flat note depsite weakness in the Asian peers due to ongoing trade tensions between US and China.

The Sensex fell 33.24 points to 35,231.17 and the Nifty slipped 11.40 points to 10,645.90.

Hero MotoCorp, TCS, Dr Reddy's Labs, Bajaj Auto and Coal India are early gainers.

Vedanta, Grasim, Bharti Infratel, ICICI Bank, HDFC, Titan Company, Maruti Suzuki, Cipla, Yes Bank, PNB and Bank of Baroda are under pressure.

The Nifty Midcap index fell 54 points.

8K Miles Software, AU Small Finance, Vakrangee, SREI Infra, ICICI Prudential, IDBI Bank, Nalco and Ashok Leyland lost ground. while Strides Shasun, NCC, Tata Power and Jyothy Labs are gainers.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-nifty-open-flat-despite-correction-in-asian-peers-amid-trade-tensions-2662741.html
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Indian rupee opens lower by 9 paise at 68.89 per dollar


Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47

The Indian rupee opened lower by 9 paise at 68.89 per dollar on Tuesday.

Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47 .

This is the level last seen on August 28, 2013.

Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.

Libya’s National Oil Corporation declared force majeure on loadings from Zueitina and Hariga ports, resulting in total production losses of 850,000 bpd due to the closure of eastern fields and ports. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.30, it added.

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Source:https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-lower-by-9-paise-at-68-89-per-dollar-2662721.html
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Opening Bell (3 July 2018)


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Jul 1, 2018

MCX SUPPORT & RESISTANCE LEVEL



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