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Showing posts from September, 2015

MODI VISITS BE REFLECTED IN RESULTS @ GROUND LEVEL

Reserve Bank Governor Raghuram Rajan today described Prime Minister Narendra Modi as being "ahead of us" but said his visits abroad need to be backed up with "action on the ground". "I think it is changing positively," he remarked on the world view of India in the aftermath of Modi's foreign visits. He is a "very articulate spokesman for India", he added. "What we need to do is back up his visits with action on the ground which reinforces the good impression that is created," Rajan told NDTV. The RBI governor, who has often been seen as not toeing government line on the monetary policy and other issues, acknowledged Prime Minister's initiative to market India as an investment destination but said the message of a strong Indian economy has to be backed up with action on the ground. "I think he (Modi) is ahead of us. So we have to come up to speed in a number of dimensions. For example if the idea of India as a strong econom…

COUNTRY RECORDED 14% DEFICIT RAINFALL

Rainfall in the country was 14 per cent lower than normal during the Southwest monsoon that officially ended today with a double-digit rain deficit being recorded for the second consecutive year causing drought in some states. This year's summer rains were particularly affected by the El-Nino phenomenon with the deficiency for the four-month long season being more or less in line with the forecast of the Indian Meteorological Department(IMD) which predicted 12 per cent deficit. Last year, there was a 12 per cent deficit.
Around 55 per cent of the country, however, received "normal" rainfall, the IMD said.
The official period for the Southwest Monsoon season in India is between June 1 and September 30. "Rainfall in Southwest monsoon was 14 per cent deficient. We are satisfied that our Long Range Forecast have turned out as per our prediction. This was for the first time that we made a prediction of more than 10 per cent deficiency," IMD Director General Laxman Sing…

EQUITY INVESTORS LOSS @ Rs.3 LAKH CRORES

Stock market investors have become poorer by nearly Rs 3 lakh crore so far this year as the recent selling in equities pulled down the valuation of all listed firms on BSE to Rs 95.40 lakh crore. Total investor wealth, measured in terms of cumulative market value of all listed stocks, fell by Rs 2.95 lakh crore to Rs 95.40 lakh crore this year. In 2014, market investors added a whopping Rs 28 lakh crore taking the valuation of all listed firms to Rs 98.36 lakh crore. Last year also saw investor wealth hitting Rs 100 lakh crore mark. Markets have been volatile for past couple of quarters on weak corporate earnings and negative global cues. The benchmark BSE Sensex has lost 1,635.92 points or 5.94 per cent to 25,863.50 so far in 2015. The index hit an all-time high of 30,024.74 on March 4, 2015, however, the later half of the year saw the gauge giving up most of its gains and subsequently touched a one-year low level of 24,833.54 on September 8. Sensex crashed by 1,624.51 points on Augu…

Scrip specific  Movement

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY
for Week :: (21.09.2015 to 25.09.2015)

NIFTY :: 7982    (+213)
Nifty gained about 2.50 % after FED unchanged the rates.
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7845, 8234, 8252 and 8394  respectively and wouldact as supports / resistances. Nifty is trading  below  most 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.
Technical Levels ::
Bullish above 8075 with resistance at 8150, 8225, 8300 Bearish below 7900 with Supports at 7825, 7750, 7675.
Breakout level for the week is 8100 and the Breakdown level      for the week is 7700..... 
Advice for Traders :
Medium term would once again turn bullish only if Nifty is able sustain above 8550 for about Two weeks. Nifty would face  resistance around 8250, above which it will have real bullishness and has strong support around 7200 too.
Weekly Open l…

5 BJP RULED STATES OCCUPY TOP 4 SLOTS

BJP-ruled Gujarat is the best place in the country to do business, says the World Bank's ranking on ease of doing business in states, a list that has the party-ruled states occupying four of the top five slots. Andhra Pradesh, ruled by BJP-ally TDP, is the second best state, followed by Jharkhand, Chhattisgarh, Madhya Pradesh and Rajasthan - all having BJP governments. These rankings were provided in the report titled 'Assessment of State Implementation of Business Reforms' which was prepared by World Bank in association with the Department of Industrial Policy and Promotion (DIPP), KPMG, CII and Ficci. The exercise is aimed at promoting competition among states with a view to improve business climate to attract domestic as well as foreign investments. The move would also help in improving India's overall ranking in the global Doing Business Study. India has been placed at 142nd position among 182 nations. Overall, World Bank said India is a difficult place to do busin…

INFLATION FURTHER CAME DOWN

Deflationary trend continued for the 10th month in a row with inflation plunging to a historic low of (-)4.95 per cent in August on cheaper fuel and vegetables, putting pressure on RBI to cut interest rate. The Wholesale Price Index-based inflation was (-)4.05 per cent in July. It has been in the negative zone since November 2014. In August 2014, inflation was 3.85 per cent. However, onion and pulses turned costlier with inflation at 65.29 per cent and 36.40 per cent respectively during August, as per official data released today.
Overall, the food basket inflation remained in negative territory for second month in a row at (-)1.13 per cent. For vegetables, it declined to (-)21.21 per cent, helped by potato at (-)51.71 per cent.
Inflation rate in fuel and power segment was (-)16.50 per cent, while that in manufactured products was (-)1.92 per cent in August.
Besides pulses and onion, the food items which became dearer in August are eggs, meat and fish (3.30 per cent), milk (2.08 per cent)…

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

RECOVERY MAY CONTINUE...
Nifty Outlook for Next Week :: (14.09.2015 to     18.09.2015) …  
NIFTY :: 7769    (+134)
Nifty gained more than 1.50 % after making a lower low on Tuesday at 7540
20DMA, 50DMA, 100DMA and 200 DMA are placed at about 7957, 8216, 8274 and 8401  respectively and wouldact as supports / resistances. Nifty is trading  below  all   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.
Technical Levels ::
Bullish above 7875 with resistance at 7950, 8025, 8100 Bearish below 7700 with Supports at 7625, 7550, 7475.
Breakout level 7950, Breakdown level 7500
Advice for Traders :: Medium term would once again turn bullish only if Nifty is able sustain above 8550 for about Two weeks. Nifty would face  resistance around 8100, above which it will have real bullishness and has strong support around 7500 too.
Planetary Position...
Moon would be …

CHINESE HOLIDAY CHEERS MARKETS

European stocks shot higher today as investors enjoyed a respite from volatile Chinese markets being closed for a long holiday weekend and took cheer from hints of more central bank stimulus. London's FTSE 100 index of leading shares climbed 1.45 per cent to stand at 6,171.44 points, Paris's CAC 40 index jumped 1.8 per cent to 4,637.21 and in Frankfurt the DAX 30 soared 2.27 per cent to 10,276.17. A rally on Wall Street yesterday on upbeat US data also helped improve sentiment in European trading, as did calm on Asian markets. "At least for a few days, concerns over China can be put to one side while the country closes its exchanges to celebrate seventy years since the end of World War II," said CMC Markets UK analyst Jasper Lawler. Meanwhile the European Central Bank, as expected, kept its main rate at a record low 0.05 per cent today. However, analysts were looking more for signals that it could step up stimulus if necessary. Beyond causing panic in stock markets i…