IFCI raises lending rate by 10 basis points to 8.6%

The company has changed its its short-term benchmark rate (IBR-ST) from 8.50 per cent to 8.60 per cent with monthly rests for lending for tenure up to three months only, IFCI said in a statement. | 1 Comments Term finance lender IFCI   today said it has raised benchmark lending rate by 0.1 percentage point (10 bps) to 8.6 per cent.

 The company has changed its its short-term benchmark rate (IBR-ST) from 8.50 per cent to 8.60 per cent with monthly rests for lending for tenure up to three months only, IFCI said in a statement. The new rate would be effective from today, it said. Earlier this month, RBI kept its repo rate or the rate at which it lends to banks for short term unchanged at 6.25 per cent

IFCI, IDBI Bank zoom 6-15% as NSE gears up for IPO

 Touted to be one of the biggest IPO of India, investors are keenly awaiting for NSE public offer. The initial public offer would see sale of a little over 11 crore equity scrips, which is 22.5 percent of total shares outstanding by existing shareholders through offer for sale (OFS) route.

Shares of IFCI   rose 15 percent while IDBI Bank   gained 6 percent intraday on Thursday as  NSE has filed Draft Red Herring Prospectus (DRHP) for its share sale. According to the DRHP, existing NSE shareholders may offer 20-25 percent shares for estimated Rs 10000 crore which has got investors existed. Investors expect it to have a positive rub off on IFCI abd IDBI Bank as both own around 3.1 percent and 1.5 percent stake in NSE respectively. Touted to be one of the biggest IPO of India,

 Investors are keenly awaiting for NSE public offer. The initial public offer would see sale of a little over 11 crore equity scrips, which is 22.5 percent of total shares outstanding by existing shareholders through offer for sale (OFS) route. Of the total shares on offer, around 15.8 percent stake would be tendered by foreign shareholders, and 6.7 percent by domestic entities. The offer may give the exchange a valuation of Rs 50,000-55,000 crore, sources said, adding that the IPO itself could be worth about Rs 10,000 crore. Currently, MCX is the only listed exchange in the country, but it had come out with an IPO as a standalone commodity exchange much before the merger of Forward Markets Commission (FMC) with Sebi to create a unified capital markets regulator. Since then, all exchanges have become deemed stock exchanges. At 12:43 hrs IFCI was quoting at Rs 28.10, up Rs 3.40, or 13.77 percent and IDBI Bank was quoting at Rs 69.10, up Rs 2.25, or 3.37 percent on the BSE.

Sensex up over 100 pts, Nifty reclaims 7950.....!

IT & pharma lead Both IT and Pharma indices are up over 1 percent. Cipla, Lupin, M&M, TCS and Adani Ports are top gainers while Bharti, HDFC, Hero and GAIL are losers in the Sensex. The market continues to make gains with the Nifty reclaiming 7950. The 50-share index is up 35.15 points or 0.4 percent at 7943.40. The Sensex is up 105.53 points or 0.4 percent at 25912.63. About 1284 shares have advanced, 759 shares declined, and 144 shares are unchanged. Both IT and Pharma indices are up over 1 percent. Cipla, Lupin, M&M, TCS and Adani Ports are top gainers while Bharti, HDFC, Hero and GAIL are losers in the Sensex. Gold prices rose Rs 100 to Rs 27,001 per 10 grams in futures trade today as speculators created fresh positions, taking positive cues from global markets. Market analysts said rise in the precious metal at the global market mainly influenced gold prices at futures trade here.Meanwhile, gold climbed as much as 0.74 percent to USD 1,136.70 an ounce in Singapore today

Global M&A deal tally touch $3.1 trn mark in 2016......!

Report Global merger and acquisition activity has soared to USD 3.1 trillion so far this year -- its third highest deal value since 2007, even as deal value saw over 22 percent decline over last year, says a report. According to global deal tracking firm Mergermarket, despite a series of "political shockwaves", global M&A activity till date amounted to USD 3.1 trillion, through 16,194 deals. The M&A deal tally so far this year registered a 22 percent decline in value terms and 10 percent fall in number of transactions over last year. Last year, the global deal tally stood at USD 3.9 trillion. However, global M&

A activity till date of USD 3.1 trillion managed to reach its third highest deal value since 2007, when transactions worth USD 3.7 trillion were announced. The report further noted that October 2016, marked the peak of yearly M&A activity, with 1,362 deals worth USD 454.3 billion representing the highest monthly deal value since May 2007 when USD 546.7 billion transaction were announced. The year 2016 witnessed just 38 big ticket transactions (worth more than USD 10 billion) aggregating to USD 911.5 billion. In the corresponding period last year there were 57 such deals worth USD 1.5 trillion. Going forward, "the outlook for 2017 remains uncertain", Mergermarket said, adding that "with Brexit negotiations, the nature of Trump's Presidency as well as the French and German elections, all under question". Sectorwise, energy, utility and mining attracted deals worth USD 582.8 billion by way of 1,351 deals, followed by Industrials and chemicals (USD 498.5 billion, 3,056 deals) and technology (USD 401.4 billion, 2,115 deals). The report further noted that Chinese dealmakers engaged in 242 deals worth USD 171 billion outside of Asia, 3.5 times higher than 2015's previous record value. The US dealmaking accelerated towards the end of the year, with a flurry of mega deals (AT&T/Time Warner, Level 3/Century Link, Energy Transfer/Sunuco) bumping up the deal value....

Sensex ,Nifty volatile amid thin volumes; Maruti  most active....!

HDFC ,HDFC Bank, HUL, Reliance Industries and  Maruti Suzuki gained Industries and Maruti Suzuki gained 0.31 percent. ITC, Tata Motors,Infosys,TCS, Axis Bank, M& M and Adani Ports fell 0.7-1.4 percent.

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Many Sectors have been engulfed in the aftermath of the Demonetisation drive and the market

too is bearing the brust of the cash cjaos. Expressing disappointment due to cash ban, of IDFC securities says that the market any not see a recovery soon and there will be the three quarter of dismay. He said that the earnings growth will be impacted and earnings growth of non financial sectors can come down close to zero percent from 15 percent. Equity benchmarks as well as broader markets remained lack lustre amid low volumes ahead of chritmas holiday.Technology stocks were under pressure while HDFC group stocks led the support

The 30- share BSE sensex was down 11.65 points at 25967.95 and the 50- share NSE Nifty declined 9.60 points to 7969.50- the markets breadth was negative as about 954 advancing shares were red with little chritmas cheer in thin holiday trade China's Shanghai and Hong kong's were down over half a percent. Sun pharma climed more than 2% on short covering and acquistion of 14.58 percent in U.S based sc pharmaceuticals INC.

     

5 factors influencing market sentiment in Tuesday's session

World's largest fund manager BlackRock has turned bullish on emerging markets. Ace investor Mohamed El-Erian warned keeping interest rates low for long time may lead to financial instability, while at home a business confidence index registered an increase of over 2 per cent sequentially.
Below is a wrap up of all this and more developments that make or mar your markets in Tuesday's session.

Rupee falls against dollar after Urjit Patel named RBI governor

India bonds and rupee fell on Monday after the government said the Reserve Bank of India Deputy Governor Urjit Patel would be promoted to Governor, a role in which he is expected to hold the line on inflation by keeping interest rates on hold.
Patel is due to start his term on September 4 after his appointment on Saturday.
The Indian rupee fell to a near one-month low of 67.17/67.18 to the dollar, compared with its close of 67.07 per dollar on Friday.
The benchmark 10-year bond yield rose 4 basis points to 7.14 per cent.

Sensex slips below 28,000, Nifty dips below 8,650 on muted global cues; Adani Ports top gainer

The S&P BSE Sensex on Tuesday fell over 200 points to slip below its crucial 28,000 level, while the broader Nifty50 went below its key 8,650 mark.
The headline indices declined tracking muted trend seen in Asian markets after the US worker productivity fell for the third straight quarter in June.
At 10:21 am, the 30-share index was trading at 27,897, down 187.37 points, while broad-based 50-share index was quoting 8,611, down 66.50 points.
"We expect the Nifty to find a strong support around 8,640-8,610 levels; whereas, 8,700-8,730 would be seen a resistance zone," said Angel Broking in a research note

Rupee drops 3 paise against dollar ahead of RBI policy

The rupee edged lower by 3 paise to 66.87 against the dollar in early trade today on fresh buying of the American currency by importers ahead of RBI policy.
Forex dealers said strength in the dollar against some other currencies overseas and a weak trend in the domestic equity market in early trade also weighed on the rupee.Yesterday, the local currency ended seven paise lower at 66.84 on fresh dollar demand form banks and importers on the back of strong dollar in overseas markets.

Rupee sheds gains against dollar on strong US jobs report

The rupee on Monday slipped 6 paise to 66.83 against the US dollar at the Interbank Foreign Exchange tracking negative trend seen among Among Asian currencies.
On Friday, the domestic currency strengthened by 14 paise to end at 66.77 against the US currencyon the back of sustained dollar selling by exporters amid weak overseas signals.

The dollar held stronger against major currencies on Monday after an upbeat US jobs report released on Friday painted a rosy picture of the US economy.
The dollar index, which tracks the greenback against a basket of six major rivals, was broadly flat at 96.240, not far from a one-week high of 96.522 hit on Friday after the jobs report.
Among Asian currencies, Chinese yuan fell 0.16 per cent, ringgit 0.62 per cent, Korean won 0.37 per cent, while Japanese yen shed 0.26 per cent against the greenback.

Gold glitters above 30,500; silver tops Rs 47,000 per kg

Gold prices soared by Rs 250 to Rs 30,900 per ten grams at the bullion market on Thursday, propelled by positive global cues amid increased buying by jewellers at the domestic spot market.
Silver also spurted by Rs 1,550 to Rs 47,750 per kg on increased offtake by industrial units and coin makers.
Bullion traders said a firming trend overseas after the US Federal Reserve indicated it would take a slow, measured approach to any interest rate hikes amid weakening dollar, raised the demand for the precious metals as a safe-haven, mainly attributed strong rally in gold and silver prices.
Globally, gold rose 1.52 per cent to $1,339.70 an ounce and silver by 3.75 per cent to $20.32 an ounce in New York yesterday.

GOLDEN RULES FROM THE BOOK - THE ART OF TRADING

GOLDEN RULES FOR TRADING
Divide your Risk Capital in 10 Equal Parts.

As part of the Successful money management, it is always advised to divide your Risk Capital (which you can afford to lose) into 10 equal Parts and at any given time none of your Single Trade should have more than 3 parts of your capital in it even if you are in a winning position. At the same time always keep some spare money for any Buying Opportunity, which may come any time.

Trade ONLY in active & high Volume Stocks/ Futures. 

Many Traders get stuck with stocks for want of liquidity. Always rely upon Stocks which have reasonably high volume over a period of time. High Volume are always advised for easy Entry, Exit and Stop Loss. In low volume stocks the spread is too high and chance of Stop Loss limit getting failed is too high as there would be no Buyer or seller at your Stop Loss Level.

Come Prepared with a Trading Plan

Successful traders always keep their Trading Plans ready before entering into any transactions. One must prepare a Watch List or Probable candidates for Day's trading and remain focused on the movement of those stocks only. For example a Stock 'X' is on verge of a Bullish Breakout from any pattern or stock 'Y' has declined substantially after an initial sharp up move or stock 'Z' is close to an important support level. Successful trader would concentrate on the movement of those stocks only and enter the trade as soon as stock 'X' gives the anticipated breakout or stock 'Y' starts an upmove or stock 'Z' breaks the support level to initiate a trade for quick gains.

Never Over Trade

This is the most common mistake committed by Traders, particularly after a Streak of winning Trades. This mistake Generally not only wipes off all the profits, but puts traders in heavy losses. In order to remain in market while making consistent Profits, under no circumstances, traders should go beyond their Risk Capital.

Trade in 2 to 4 Stocks at a time with strict Stop Loss. 

In a Bull move, most of the stocks move up and similarly in any Bear Move, most of the stock moves southwards. As a Trader you know this fact but can you Buy 20 Stocks and try to make profit in all the 20 stocks just because all are moving up or vice versa in a Down trend? What will happen if market reverses without any indication on any bad news? Would you be able to monitor all your trades in such situation? Smart and Successful trader would trade in 2 to 4 stocks with strict Stop Loss and keep a strict vigil to avoid any misfortune in case of any eventuality.

Sell Short as often as you go Long. 

More than 90% of common investors/ Traders are 'Bulls' by nature. Because they love to see prices going up only. Stocks are bought by anybody/ corporate/ financial institutions/ Mutual Funds to make profit on rise. They have large holdings and mentally they wish and pray for the market to rise only. But facts are different. History shows that Bull Phases have shorter duration that Bear phases. So every stock that moves up will retrace back to 38%-50%-66%. Since 90% investors are Bulls by heart they normally do not book profit at higher levels to re-enter later at lower levels instead they prefer to increase their portfolio at lower levels. Successful Traders know how to capitalize such correction. They are always prepared to go 'Short' as often as they trade on 'Long' side.

Don't Trade if you are not Clear. 

Many Traders, because of their daily habits trade even when there are no signals to buy or short. Normally such situation arrives after a sharp rise or decline when stocks are adjusting their values. While some stocks attempt to move up, few may be taking breather before next move. Such situation are often confusing. There is no harm in taking rest for a day or two or short period if the trend is choppy, unclear or doubtful, instead of putting your money at higher risk.

Don't expect Profit on Every Trade. 

If you consider you are a smart trader who can make profit on every trade, you are 100% wrong. Always be flexible and accept the fact as soon as you realize that you are on wrong side of the trade. Simply get out of the trade without changing your strategy during the market; it may cause you double losses.

Withdraw portion of your profits.

The business of Trading is excellent as long as you are making profits. Unlike other business your losses can be unlimited and rapid if market does not move as per your expectations. While in other businesses you may have other remedial measures available but in trading it is you only who has to control it. Traders have large egos particularly after series of successful trades and their tendency to enlarge commitments in overconfidence may cause major financial set back. There fore it is must that trader must take a portion of the profit and put it in separate account. This is absolutely must for long term stability in the market. Read More about Stock Cash Tips.....