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Showing posts from 2015

INFLATION UNDER CHECK

When it comes to inflation, the year 2015 has shown that the macroeconomic datapoints may not always show the real picture and the cases in point relate to quite a few kitchen staples such as potato, onions and pulses.
For records, the Consumer Price Inflation has remained well under control hovering in the range of 3.66-5.4 per cent so far in 2014, while the industry chambers and some other experts are hopeful that it would keep below 6 per cent mark in the New Year -- a target set by the Reserve Bank.
However, the consumers saw an altogether different story in 2016 when they went to the shops to purchase some staple grocery and vegetable items for a good part of the year. While onion prices again brought tears to the eyes of consumers, prices of tur dal touched record high levels above Rs 200 a kilogram. Another dataset, the Wholesale Price Index (WPI) based inflation in fact stayed in the negative zone for the entire year, meaning the wholesale prices actually fell and there was no i…

M & A ACTIVITY @ IT's PEAK

The 2015 was a record year for global merger and acquisitions (M&A) as corporates announced deals worth USD 4.86 trillion and a significant portion of this came from Asia Pacific targeted deals, says a report. According to global deal tracking firm Dealogic, global M&A volume at USD 4.86 trillion in 2015 was the highest on record for any year, surpassing the previous record of USD 4.61 trillion in 2007. Moreover, this year's total is a good 33 per cent higher than the last year. In another first, the Asia Pacific targeted M&A broke the USD 1 trillion mark, reaching USD 1.16 trillion in 2015, and accounted for a record 24 per cent share of global M&A. Sectorwise, healthcare was the top ranked sector in 2015 with USD 708.7 billion, up 62 per cent from 2014 when deals worth USD 436.3 billion were announced. Technology was a close second with record high volume and activity (USD 697.4 billion by way of 9,038 deals), almost double 2014 volume (USD 326.1 billion). The fo…

RUPEE EXPERIENCE 5th ANNUAL FALL

Set for the fifth straight year of fall in 2015, the rupee seems to have found a new bottom after hovering between two extremes of being billed the world's worst as well as the best performing currency and the experts see the range of 65-70 as the new normal.
While the government announced a slew of steps and the Reserve Bank also intervened on a few occasions to support the forex market, a highly volatile trend continued to rule the exchange rates due to global headwinds through 2015, during which the Indian currency also hit a two-year low below Rs 67 mark against the US greenback.
It is expected to end the year between Rs 66-67 level, down more than five per cent from its 2014-closing level of Rs 63.03 to one US dollar. It closed at Rs 66.21 in its last trading session, while four days of trading are left in 2015.
The major factors triggering the downward move included a substantial fall in foreign portfolio investments as an uncertainty prevailed for almost entire year over the l…

TATA MOTORS AMONG TOP-50 IN GLOBAL R & D

Tata Motors has entered the top-50 league of the world's biggest companies in terms of their R&D investments, topped by German automaker Volskwagen. On the annual Industrial R&D Investment Scoreboard for 2015, prepared by European Commission, Volkswagen is followed by Samsung, Microsoft, Intel and Novartis in the top-five. Tata Motors has moved up from 104th position last year to 49th now and has also shown the largest increase in R&D (Research and Development) investments on the list. However, most of this R&D is at its UK subsidiary Jaguar Land Rover. In the expanded list of the world's 2,500 top R&D firms, there are a total of 26 Indian companies, as against 829 from the US, 360 from Japan, 301 from China, 114 from Taiwan, 80 from Switzerland and 27 each from Canada and Israel. There are 608 companies from the EU countries, including 136 from Germany, 135 from the UK, 86 from France, 42 from Sweden and 32 from Italy. India is overall placed at 15th posit…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 7855 ….. !!! 

Nifty Outlook for Week 21.12.2015 to 24.12.2015
NIFTY :: 7762 (+152)
Nifty traded with huge Bullishness till Thursday and fell on Friday and closed with a gain of about 2%.
Moon transits in Dhanishta 3 rd to Poorvabhadra 3 rd Pada between 16th December (afternoon) and 18 th December and the  range of these days  (7737 to 7853) can be considered to be the reference range for the next Three weeks and market can be considered to be Bullish above the high and Bearish below the Low of this period’s range.  
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7795, 7955, 8033 and 8250.  respectively and wouldact as  resistances. Nifty is trading  below all   the Moving Averages.
While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Technical Levels ::
Bullish above 7840 with resistance at  7815, 7890,7950
Bearish below 7690 with Supports at 7615, 7540, 7475.
Br…

NEW DELHI TOPS LIST OF CITIES FOR SHOPPING

New Delhi has topped the list of Asia's top cities for shopping, offering a treasure trove of goods through its blend of charming traditional markets and glitzy shopping malls, according to a new survey. New Delhi has topped the list for the best shopping city in Asia, followed by Bangkok and Singapore, according to a survey by TripAdvisor. "Shopping in Asian cities can be a rich and colourful experience if you know exactly which spots to go to and how to maximise your dollar," TripAdvisor's Communications Director for Asia Pacific Janice Lee Fang said. Most cities feature top quality malls, where one can find their favourite designer shops, but there are also the night markets or street shops that sell beautiful handicraft and other local gems unique to the culture, she added. This ranking is based on the popularity of shopping activities in Asian cities and also includes highly-rated hotel recommendations, which are bookable on TripAdvisor, offering shoppers great …

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Nifty Outlook for Next Week :: (30.11.2015 to 04,12.2015)

BULLISH MOVEMENT TO CONTINUE

NIFTY :: 7943 (+86)
Nifty traded in a zigzag fashion and closed higher for the week with a gain of 1.15% , this being 2nd week of successive weekly gain.
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7905, 7997, 7997 and 8143.  respectively and wouldact as supports / resistances. Nifty is trading  below most of  the Moving Averages.
While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.
Nifty has once again crystallized  its Medium term trend with Nifty having closed below  8100. Nifty would face strong resistance   around 8050, above   which it will have real bullishness .
After Two weeks of Bullishness, it can go up One more week too,
Technical Levels ::
Bullish above 8010 with resistance at  8085, 8160,8225
Bearish below 7870 with Supports at 7795, 7720, 7650.
Breakout level : 8050 Breakd…

AP NO1 in EMPLOYABILITY

India skills report 2016 (ISR 2016), a joint initiative by Wheebox (a global talent assessment company), in association with Confederation of Indian Industry, Linkedin, PeopleStrong HR Services Pvt. Ltd & Association of Indian Universities (AIU), says that Andhra Pradesh ranks number one state in India with largest employability level with 65.2% of employable workforce in the 22-25 years age group, a considerable increase from 31% posted in 2015 report. Vishakapatnam (85.53%) and Guntur (81.07%)are the two cities in Andhra Pradesh which scored highest in employability index.  The results are part of Wheebox Employability Skill Test (WEST) that assessed about 5 lakh candidates spread out to 5000 educational campusesacross 29 states and seven union territories (UTs)in the country on various employability parameters including numerical and logical ability, communication skills, and domain knowledge, etc. Another highlight of Andhra Pradesh in Wheebox study has been gender-wise employa…

NFOs ON LOW GEAR

New fund offers (NFOs) seem to be moving in a low gear as fund houses have launched only 340 new schemes in April-September of 2015 following Sebi's direction to rationalise and consolidate offerings with similar goals.
In comparison, mutual funds had come out with 1,059 NFOs for the whole of 2014-15.
The numbers stood at 1,023 and 1,168 in 2013-14 and 2012-13, respectively.
"Over the past few years, there has been a declining trend in the issuance of NFOs. This trend has been partly due to the regulator's direction to rationalise and consolidate mutual fund schemes with similar objectives," a report titled 'Indian Mutual Fund Industry- The Road Ahead' from Assocham today said.
"The requirement from the regulator to demonstrate the differentiation in investment style and attributes of a potential new fund has also impacted the pace of approvals."
Furthermore, the requirement of disclosing details and number of funds managed by each fund manager has also …

WNATED CHACOLATE TASTER

In what could be the world's tastiest job, a Scottish firm is on the hunt for a chief chocolate taster who will be paid in monthly supplies of chocolate bars. Mackie's, an Aberdeenshire chocolate firm which also makes crisps and ice cream, is advertising for the year-long position ahead of the factory's opening next year. The only qualifications for the job -- for which payment will be made in monthly supplies of chocolate -- are taste buds, with the successful applicant having a "steady supply of chocolate to taste, test, lick and sook on the couch at home," according to company chiefs. Besides the free chocolate, the firm is also offering "a trip to our family farm for a chocolate immersion session with the resident experts," and a "performance bonus if/when your chocolate creation flies off the shelves." Mackies is also keen on creating a new flavour -- dreamt up by the newly-appointed chief chocolate taster -- to celebrate the opening of t…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Scrip wise Movements…! 
Nifty Outlook for Week 23.11.2015 to 27.11.2015
NIFTY :: 7857 (+95)
Nifty traded in a zigzag fashion a d closed higher for the week with a gain of 1.25% after Three weeks of Loss.
Nifty has once again crystallized  its Medium term trend with Nifty having closed below  8100. Nifty would face strong resistance   around 8100, above   which it will have real bullishness . After 3 weeks of bearishness, it had  a pullback for a week and again it may resume bearishness.
Moon transits in Dhanishta and Sathabhisham constellations on 19th  and 20th and Revathi upto 12.15pm On 23rd November and the range of these Three  days will be reference range for the next Three weeks and Nifty wiould be Bullish above the High and Bearish below  the low and the range of Nifty on 19th and 20th was 7907 and 7765.
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7978, 7979, 8164 and 8326.  respectively and wouldact as supports / resistances. Nifty is trading  below all the Moving Averag…

SENSEX ENDS WITH GAIN FOR THE WEEK

The BSE Sensex extended gains for the second straight day in a choppy trade -- its first weekly gain in four -- as it edged up over 26 points on increased buying by investors and retailers, tracking a firm overseas trend. Brokers said sentiment improved after investors bet on the US Fed to raise rates in December but proceed cautiously with any further tightening thereafter.
The 7th Pay panel report, which was submitted yesterday after market hours, buoyed investors, which recommended 23.55 per cent hike in pay and allowances for government employees. The 30-share Sensex was in the grip of profit booking initially, but recovered on the back of across-the-board buying in blue-chips and closed higher by 26.57 points, or 0.10 per cent, at 25,868.49. The gauge had gained 359.40 points yesterday. The broader Nifty ended at 7,856.55, up 13.80 points, or 0.18 per cent, after trading between 7,817.80 and 7,906.95 intra-day.
For the week, the Sensex added 257.96 points, or 1 per cent, and the NS…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Sell on Rise

Nifty Outlook 16.11.2015 to 20.11.2015
NIFTY :: 7762 (-192)
Nifty traded in a clear Bearish way and fell further by about 200  points by about 3%, completing 3 weeks of bearishness.   Bihar election results came out in the most unexpected way.    
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8085, 7981, 8196 and 8338.  respectively and wouldact as supports / resistances. Nifty is trading  below all the Moving Averages. While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Technical Levels ::
Bullish above 7850 with resistance at 7925, 8000, 8075
Bearish below 7700 with Supports at 7625, 7550, 7475.
Breakout level : 8000 ; Breakdown level : 7650.
Advice for Traders ::
Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above the Last week’s Close.

Planetary Position...
Moon would be transiting  from P Sha…

TUR DAL @ 140 In 24x7 Fresh

As pulses prices remain high, online grocery firm 24x7 Fresh today said it will sell tur dal at Rs 140 per kg as against the current market price of around Rs 200 per kg. Similarly, moong dal would be sold at Rs 115 as against prevailing market price of Rs 140 per kg, the e-commerce startup said in a statement. A customer can only buy 1 kg of each variety of pulses at a time, it added. Pulses would be sold at this rate from tomorrow. Meanwhile, Mother Dairy's retail outlet Safal and Kendriya Bhandar are selling imported tur dal at Rs 120 as part of the government's measures to boost domestic supply and control pulses prices. The startup, which is operates in Delhi, Bengaluru, Gurgoan and Noida, is also making available other pulses at competitive prices. Pulses prices have risen sharply due to fall in domestic production by two million tonnes in 2014-15 (July- June) on poor rains. Retail prices of tur and urad are ruling up to Rs 190-200 per kg. 

FOOTFALLS IN MALLS DRASTICALLY DOWN

Shopping malls in major cities may witness a decline of more than half in footfall this Diwali, with the trend of online buying catching up on the back of discounted sales by e-tailers, a survey today said. "In the wake of unprecedented surge in e-commerce, shopping malls, already under huge pressure due to large vacant spaces, are expected to see a sharp decline in the footfalls to the extent of 55.58 per cent during the ongoing festive season this year," a survey by Assocham revealed. Delhi-NCR has recorded the highest decline in footfalls in the city malls. As per the survey, about 120-150 malls in Delhi-NCR were launched in the past two years but almost 65-70 per cent of the spaces in many of these malls remains vacant. "Several malls, unable to attract the shops, are even shutting down," the poll said, adding that the major factors that attributed to this situation are economic slowdown, online shopping, high interest rate and inflation in consumer goods. The …

Further Bearishness Below 8000….. !!!  

Nifty Outlook for Next Week 02.11.2015 to 06.11.2015

NIFTY :: 8066 (-- 229)
Nifty traded in a clear Bearish way and fell on all the Five trading sessions by about 3% (including the First day of the new Derivative series of November). Next week also, market would be driven by global cues as it will be discounting Bihar Election results.
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8166, 8016, 8205 and 8351.  respectively and wouldact as supports / resistances. Nifty is trading  only above     the  50 DMA.
While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.
Technical Levels...
Bullish above 8150 with resistance at 8225, 8300, 8375
Bearish below 8000 with Supports at 7925, 7850, 7775.
Breakout level 8200 ; Breakdown level 7950.
Advice for Traders :: Nifty has once again changed its Medium term with Nifty having closed below  8100. Nifty would face strong resistance   around 810…

AFRICAN LEADERS IN TRADITIONAL INDIAN ATTIRE IN NEW DELHI

TRENDS OF PETROL CONSUMPTION IN INDIA

Mobile App for forex Fxkart.com launched

Fxkart.com, the online aggregator of foreign exchange dealers, today launched India's first forex booking mobile app for exchange of foreign currency. The UAE-based Free Zone company, Fxkart.com, aims to change the way consumers buy/sell forex in India through the use of technology. The app is available on iOS and Play store platforms, Fxkart.com said. The company has its R&D (Research and Development) Centre at Bengaluru, and is currently reaching out to people at more than 650 locations across India, it said in a statement here. Fxkart.com aims to provide the consumers with the ease of instantly booking forex requirement by locating the cheapest and nearest dealer in the city, bringing convenience to the traveler/tourist to book forex with a click, it added. "The new app would answer all customer queries about foreign exchange through a personalised chat option. The app is geo-located, where users can enter the city or the locality from where they want to collect the fo…

LATE BUYING SUPPORTS SENSEX TO SETTLE ABOVE 27000

Fag-end buying saved the day for domestic market as the BSE Sensex reversed all of its early losses and settle 204.46 points higher at 27,214.60, tracking firm global cues, while Nifty reclaimed the 8,200-level. In early trade, the 30-share Sensex cracked below the 27,000-mark by dropping 93 points to hit a low of 26,917.12 as investors booked profits in recent gainers after the country's exports in September dropped for the tenth straight month. However, on across-the-board buying in late session, the index recovered from early losses to end at 27,214.60, up 204.46 points or 0.76 per cent. Meanwhile, the 50-issue NSE Nifty recaptured the crucial 8,200-mark and settled 58.65 points or 0.72 per cent higher at 8,238.15. It slipped to a low of 8,147.65 during the day. With today's late rally, both Sensex and Nifty climbed 135.09 points (0.49 pc) and 48.45 points (0.59 pc), respectively, for the week, to log third-straight weekly rise. Market commenced lower as participants locked…

SENSEX REGAINS 27000

Indian shares closed in green after three days, mirroring a firm global rally as a weak US data reduced the odds of the Federal Reserve raising rates this year, propelling the BSE Sensex again to the 27,000-level. Spurt in auto stocks gave a further fillip to the market mood with the sector index logging a gain of 2.33 per cent. The benchmark BSE Sensex resumed higher at 26,842.19 and firmed up further to 27,037.95 before closing at 27,010.14, showing a gain of 230.48 points or 0.86 per cent. Tata Motors was the top index gainer with a surge of 8.06 per cent as its Jaguar Land Rover unit reported a 3 per cent rise in September sales. Other automakers including Maruti Suzuki, Hero MotoCorp and Bajaj Auto also notched up smart gains on hopes of a surge in sales during the festive season. Meanwhile, the US Commerce Department yesterday reporting that retail sales inched up by 0.1 per cent in September triggered a massive rally in Asian and European markets as the data reinforced hopes of…

Strong Support for Nifty @ 8100  …!  

Outlook for 12.10.2015 to 16.10.2015

NIFTY :: 8190    (+240)
Nifty gained  far above the reisstance level of 8050 and finally closed around 8190 level with a 3% uplevel..
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7940, 8097 8220 and 8366.  respectively and wouldact as supports / resistances. Nifty is trading  below  half  of   the  averages  which is a matter of  concern.
While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Bearish  trend is   in    tact.
Moon transits between Uttarabhadra and  Revathi during 28th September and 29th September 2015. Highest and Lowest levels during these days would be the reference range for the next Three Weeks  s. Nifty’s Highest and Lowest levels during the above period was 7921 and 7691 and traded above the highest levels thereafter till about 8240.
Trend change has taken place Nifty during the week with Nifty closing at more than 8110. Medium term would once again turn bulli…