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Showing posts from March, 2015

THIRD PARTY MOTOR PREMIUMS ZOOMS UP

Owning a vehicle would now pinch pockets more, with third-party motor insurance premiums set to rise for two-wheelers, private cars and heavy load carriers from tomorrow. "It is observed that the cost inflation index (CII) has increased by 9.05 per cent over the previous year, i.e. from 939 in FY 2013-14 to 1024 in FY 2014-15. "..the Authority hereby notifies the premium rates applicable to Motor Third Party Liability Insurance covers with effect from April 1, 2015," said Insurance Regulatory and Development Authority of India (IRDAI) in a notification. The premiums are being revised after a gap of three years.
Owners having third-party cover for private cars of 1,000-cc capacity would now have to pay premiums of Rs 1,468 from Rs 784, those exceeding 1,000 cc but below 1,500 cc will attract premium of Rs 1,598 (from Rs 925) and those above 1,500 cc at Rs 4,931 (from Rs 2,853). "Motor Third Party Liability premiums are increasing but at the same time insurance compan…

ASTRO GUIDE FOR 1 & REVIEW

CAUTION @ HIGHER LEVELS
Nifty                               8491   - 1 Astro Info... Moon transits in   MAkha and Pubba in  LEo.     Tithi : Trayodasi     ; Weekday:: Wednesday.  Individuals born in Virgo and Capricorn   signs and in Rohini, Hastha and Sravana constellations    may remain cautious in their transactions.
Senstive time:: 11.35am


Market Outlook for  Wednesday
Nifty faced selling at higher levels and closed flat for the day. Nifty could not clear the 10 DMA on close basis. In view of the long weekend, cautionsness is to be exercised. .  Nifty spot is expected to encounter resistance at 8530, 8565 and find support at 8455, 8420 for Wednesday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to face selling pressure at higher levels in view of long weekend .

Trading strategy :: 
Nifty could not close above 8525. Hence, Nifty could be considered neutral between 8350 and 8550. It needs …

TICKETS TO MUSEUM, ZOO CHEAPER

Entry tickets to museums, zoo and tiger reserves would become cheaper, while business class air travel, investment in MFs and chit funds would become expensive with some of the service tax proposals announced in the Budget coming into effect from tomorrow. Finance Minister Arun Jaitley had come out with a host of proposals last month to rationalise service tax, which is levied at an effective rate of 12.36 per cent. These also include raising the rate to 14 per cent, but that will come into effect from a date to be notified later by the government after the passage of the Finance Bill by Parliament. However, the proposals which will come into effect from April 1, 2015 include tax exemption granted to services like admission to a museum, zoo, national park, wild life sanctuary and a tiger reserve. Similarly, life insurance scheme Varishtha Pension Bima Yojna, ambulance service, retail packing of fruits and vegetables, too will not attract service tax levy. On the other hand, air travel…

INVESTORS WEALTH ZOOMS BY Rs 27.5 LAKH CRORES

FINANCIAL YEAR 2015 REVIEW
Investor wealth soared by over Rs 27 lakh crore during 2014-15 fiscal, or Rs 11,000 crore per trading session, on the back of rising stock prices helped by robust foreign fund inflows. The phenomenal gain, measured in terms of rise in overall market capitalisation of all listed companies, is more than double the increase of Rs 10 lakh crore in the previous fiscal i.e. 2013-14. During the fiscal 2014-15, benchmark Sensex has gone up by 5,571.22 points, or 24.88 per cent, to 27,957.49 from 22,386.27 on March 31, 2014. The gauge had touched all-time high of 30,024.74 on March 4 this year. Led by the rally in the stock market, investor wealth soared by Rs 27.34 lakh crore in over 240 trading sessions to Rs 101.49 lakh crore as on March 31. Market capitalisation of BSE listed firms stood at Rs 74.15 lakh crore at the end of 2013-14 fiscal. Brokers have attributed the rally to stable government after the May general elections and signs of economy returning to high …

MIDSESSION BETTER

ASTRO GUIDE FOR 31 & REVIEW
Moon transits in  Aslesha and MAkha  in   Cancer and LEo.     Tithi : Dwadasi     ; Weekday:: Tuesday.  Individuals born in Leo and Sagittarius  signs and in Krittika, Uttara and UTtarashadha    constellations    may remain cautious in their transactions. Senstive time:: 11.35am After 3 weeks of fall, Nifty rose sharply, typical of Derivative opening week. However, Nifty is below 100 DMA and in case it is able to close above 8525, short term and medium term bullishness would return. In view of the long weekend, cautionsness is to be exercised. .  Nifty spot is expected to encounter resistance at 8530, 8565 and find support at 8455, 8420 for Tuesday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to remain subdued in the forenoon session and could recover  thereafter.
Trading strategy :: 
Close above 8510 / 8525 would bring back bullishness to the market. Henc…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Pullback in the Offing …!
Planetary Position...
During the current week Moon would be transiting  from Aslesha in Cancer to Pubba in Leo. Sun transits in Uttarabhadra and Revathi    in Pisces. Mercury   transits  in       Uttarabhadra  in  Pisces. Venus transits in  Bharani   in Aries. Mars transits in   Aswini in Aries. Saturn transits in   Anuradha constellation in Scropio sign and in Libra Navamsa and remains in  retrograde motion from 14th March to 2nd August, 2015. Jupiter , in retrograde motion from December 9th   to 8th April 2015, transits in  Cancer in Aslesha constellation in Sagittarius  Navamsa  . Rahu and Ketu continue their transit in Virgo and Pisces respectively. Nifty trading below the monthly astro reference range  achieved the first target of sub 8300. It is possible for a rebound particularly after Jupiter turns Direct from 8th April as Bank stocks could show signs of stability.
NIFTY :: 8341 (-230) (Oversold …  Technical Bounce  …)
Nifty lost about 3% last week due to globa…

MIDSESSION BETTER

ASTRO GUIDE FOR 27 & REVIEW
Nifty                               8342  -189
Moon transits in  Aardra  in   Gemini.    
Tithi : Ashtami     ; Weekday:: Friday. 
Individuals born in Cancer and Scorpio   signs and in Aslesha, Jyeshta and Revathi constellations    may remain cautious in their transactions.
Senstive time:: 10.20am; 11.10.; 1.15pm; 3.15pm;

Market Outlook for  Friday, 27th March, 2015  :: Mid Session Better ….!!!
Yemen crisis and derivative expiry together contributed to the massive fall on Nifty which fell by more than 2% and the derivative series closed at the lowest level. Nifty needs  to close above 8525 to get out of the current bearishness. Nifty is below 100DMA and needs to go above that levels to regain stabilisty.  .  Nifty spot is expected to encounter resistance at 8390, 8430 and find support at 8310, 8275 for Friday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to …

MARKETS COLLAPSE ON GLOBAL CUES

Rising geopolitical tension in the Middle East spooked domestic markets today with benchmark Sensex plummeting 654 points, its biggest daily fall in nearly three months, to close at 27,457.58. Across-the-board selling on the last day of monthly derivative contracts, sluggish global cues and surge in oil prices also pulled down markets for the seventh straight day. The NSE Nifty slipped 189 points, or 2.21 per cent, to end at 8,342.15, its weakest level in about ten weeks. In currency markets, the Indian rupee fell to 62.7 levels against the US dollar on capital outflow worries. Saudi Arabia carried out air strikes against Huthi rebels in Yemen today. This sparked off a wave of risk aversion in financial markets, traders said. Domestic participants were seen offloading their long positions in Futures and Options (F&O) segment instead of carrying them forward to the next April series, they added. In the cash market, selling was broad-based as 11 out of 12 sectoral indices closed low…

TCS App for UK GENERAL ELECTIONS

Tata Consultancy Services, India's leading IT services firm, today launched a smartphone application here that allows users to track, analyse and visualise Twitter conversations about the UK General Election to be held in May. 'ElectUK' has been created to engage voters, their representatives and political commentators by turning their smartphone into a Big Data social media analytics tool. The app is free to download and is available on both iOS and Android devices. ElectUK will use data taken directly from Twitter and analyses millions of tweets about, and from, the political parties, candidates and the electorate in the May 7 UK General Election. "ElectUK has been created to showcase the potential uses of TCS Digital and Big Data technologies going beyond business," commented Shankar Narayanan, Country Head, UK & Ireland, TCS. "The app is a great example of how TCS can combine Big Data analytics, social, mobile and cloud, to deliver valuable insight o…

CAUTION @ HIGHER LEVELS/MIDSESSION WEAK

ASTRO GUIDE FOR 25 & REVIEW
Nifty                               8543  -8
Senstive time:: 11.50am; 1.30pm
Astro Info... Moon transits in  Rohini  in  Taurus.    
Tithi : Shashti     ; Weekday:: Wednesday. 
Individuals born in Gemini and Libra   signs and in Punarvasu, Visakha and Poorvabhadra    constellations    may remain cautious in their transactions.


Nifty traded in a zigzag / choppy manner but could not sustain at higher levels and  closed with a minor decline. With derivative expiry only 2 days away, scrip wise movement is to expected and  most stocks being bearish further down side can not be ruled out. However, Nifty is close to medium term support of about 8515 and could offer support around 8500.  Nifty spot is expected to encounter resistance at 8585, 8620 and find support at 8505, 8470 for Wednesday.  While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness zigzag movements  …

MARKET ASTRO GUIDE FOR 20 & REVIEW

SECOND HALF BETTER
Nifty                               8635  -51
Moon transits in  Poorvabhadra   in  Aquarius.    
Tithi : Amavasya     ; Weekday:: Friday. 
Individuals born in Aries and Leo    signs and in Aswini, Makha and Moola    constellations    may remain cautious in their transactions.
Senstive time:: 11.50am; 1.30pm; 3.05pm;


Market Outlook for  Friday, 20th March, 2015  :: Second Half Better ….!!!
Market opened higher due to global cues but could not sustain at higher levels and sold off  after 2.00pm to close in the negative zone with a loss of more than 50 points. Nifty was unable to pierce the resistance level and the short term bearishness continues. Nifty spot is expected to encounter resistance at 8675, 8715 and find support at 8595, 8560 for Friday.   While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to witness zigzag movements and could be generally better in the second half.

T…

NO THREAT TO CLIENT CONFIDENTIALITY

SWITZERLAND BANKERS ASSOCIATION ASSERTS
Facing a global crackdown including from India on their 'safe haven' tag, Swiss banks today asserted that "bank-client confidentiality" will not disappear and 'automatic information exchange' is not the only solution to the black money menace. The assertion comes at a time when Switzerland is in the process of implementing a worldwide 'automatic exchange of information' framework for sharing of details about suspected cases of tax evasion with India and many other countries that have joined an OECD convention in this regard. India is expected to start getting information under this regime from Switzerland, about bank account and other details of Indians, from 2018. "Bank-client confidentiality will not disappear, but it is undergoing far reaching-changes, particularly in tax-related issues," according to the Swiss Bankers Association, the apex body of banks based in Switzerland. Asserting that Swiss ban…

SARAL ACCOUNT FOR SMALL INVESTORS

Leading stock exchange BSE has announced the launch of 'Saral' or simplified account opening form for individual investors in the securities market. The move is in line with market regulator Sebi's guidelines to facilitate an easy and simplified account opening process for investors entering equity cash market. "BSE has announced the launch of SARAL Account Opening Form (SARAL AOF) to facilitate an easy and simplified account opening process in securities market," a statement by the stock exchange today said. The form can be filled by submitting only one documentary proof of address, which can either be correspondence or permanent address. It is available on BSE website for easy access of investors. The investors who open account through Saral would also have the option to obtain other facilities like Internet trading, margin trading, derivatives trading and use of power of attorney, whenever they require, on furnishing of additional information as per prescribed…

MIDSESSION WEAK

ASTRO GUIDE FOR 17 & REVIEW
Moon transits in  Sravana     in  Capricorn.     Tithi : Dwadasi     ; Weekday:: Tuesday.  Individuals born in Aquarius and Gemini   signs and in Punarvasu, Visakha and Poorvabhadra    constellations    may remain cautious in their transactions. Senstive time:: 9.50; 1.45pm; 2.50pm. Nifty                               8633  - 15
Market Outlook for  Tuesday, 17th March, 2015  :: Mid Session Weak ….!!!
Following a wide range Friday, Nifty traded very narrow and choppy and closed with a minor loss.  If Monday’s low level is breached, further fall can be expected. Nifty spot is expected to encounter resistance at 8675, 8720 and find support at 8600, 8560 for Tuesday.   While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market can be expected to  be  subdued / weak in mid session upto about 1.45 and could have a mild recovery / pullback thereafter.
Monday’s range could be the reference range …

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

SECOND HALF RANGE CRUCIAL
for Next Week :: (16.03.2015 to 20.03. 2015) NIFTY :: 8648 (- 240)
Planetary Position ::  During the current week Moon would be transiting  from Uttarashadha in Capricorn  to Uttarabhadra in Pisces. Sun transits in   Poorvabhadra and Uttarabhadra  in Pisces. Mercury   transits  in       Sathabhisham in Aquarius. Venus transits in  Aswini in Aries. Mars transits in  Revathi in Pisces. Saturn transits in   Anuradha constellation in Scropio sign and in Libra Navamsa and Saturn gets into retrograde motion from 14th March to 2nd August, 2015. Jupiter , in retrograde motion from December 9th   to 8th April 2015, transits in  Cancer in Aslesha constellation in Capricorn Navamsa.
Rahu and Ketu continue their transit in Virgo and Pisces respectively. Nifty’s range from Wednesday to Friday (18th March to 20th March) could be considered as the reference range for the next Three weeks and Nifty can be considered Bullish above the high and bearish below the low of this range.

Nifty…

AP govtAGRI BUDGET Rs.14,184.03 CRORES

Aiming to give a boost to the farm sector, the Andhra Pradesh government today presented a special Agriculture Budget for 2015-16 with an outlay of Rs 14,184.03 crore. "Our top priority is to make agriculture and allied sectors profitable and sustainable. Our rural economy will regain its lost glory only when these sectors flourish and our farmers are prosperous," state Agriculture Minister P Pulla Rao said in his budget speech. The agriculture budget, with an outlay for agriculture and allied sectors, has an allocation of Rs 4,513.45 crore under plan and Rs 9,670.58 crore under non-plan. State Finance Minister Y Ramakrishnudu presented the general budget in the Legislative Assembly yesterday proposing an expenditure of Rs 1,13,049 crores. The agriculture budget envisages second phase of debt redemption for farmers, an election promise of ruling TDP, implementation of Primary Sector Mission launched by Chief Minister N Chandrababu Naidu, supply of free power to agriculture, …