Gold shines brighter on Akshaya Tritiya, demand surges 30% - 29 Apr 2017

Jewellers called Akshaya Tritiya on Friday to be the best they have had since 2013, with demand rising 30 per cent as compared to last year in volume terms. The number of customers was 50-60 per cent higher, due to a greater preference for lower-price jewellery, in the range of Rs 30,000-50,000. Somasundaram P R, India managing director for the World Gold Council, said: “Festive sentiment among both trade and consumers appears to be stronger this Akshaya Tritiya as the industry emerges steadily from a period of sluggishness during and immediately following demonetisation. Gold’s attractiveness as a preferred asset class...

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Taxing agri income: Distinction between rich, poor farmers needed, says CEA - 29 Apr 2017

Just days after Union Finance Minister Arun Jaitley ruled out any move to tax agricultural income, Chief Economic Advisor Arvind Subramanian joined the debate and said there could be a distinction between poor and rich farmers. In a reply to a question on the issue, which has become controversial after two NITI Aayog members made contradictory statements, Subramanian said at a CII event here on Friday, “When you say farmer, people think that you are going after the poor farmer... Why can’t we say the rich, regardless of where they get their income, should be taxed?” he said, adding that one could be very socialistic despite...

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RBI Deputy Guv Viral Acharya calls for privatising some banks - 29 Apr 2017

Reserve Bank of India (RBI) Deputy Governor Viral Acharya said it could be time to reprivatise some of the nationalised banks to prevent the throwing of good money after bad banks in the form of persistent recapitalisation.  “Perhaps reprivatising some of the nationalised banks is an idea whose time has come?” he said in a keynote address at an event organised by the women’s wing of the Federation of Indian Chambers of Commerce and Industry. In all, the deputy governor’s five-point suggestion on resolution of banks’ current problems is for allowing private capital raising, asset sales, mergers, tough corrective action,...

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Tata-DoCoMo case: Delhi HC okays $1.18-billion damages, rejects RBI's plea - 29 Apr 2017

Signalling an end to a long-drawn regulatory tussle, the Delhi High Court (HC) on Friday upheld a settlement agreement between Tata Sons and NTT DoCoMo to realise the $1.18-billion London Court of International Arbitration (LCIA) award in favour of the Japanese telecom giant.  This is a significant development as the DoCoMo settlement is learnt to have been priority for the new Tata Sons chairman, N Chandrasekaran.  The Tata Teleservices-DoCoMo joint venture (JV) was scripted in 2008 when Ratan Tata was the chairman of the group.      Rejecting the Reserve Bank of India (RBI) intervention in the enforcement...

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Base Metals Preview: Copper decline as US proposed tax cuts fail to impress : 28 Apr 2017

Indian MCX copper declined significantly on the back of short positions increase in the metal. Deprived Copper showed further losses of 0.35 percent in the session gone by. At the time of closing Copper was at Rs 365.5 per kg. Copper drifted on Thursday as markets were underwhelmed by US President Donald Trump's proposed tax cuts and the focus shifted to concerns over China's manufacturing growth. The pace of expansion in China's manufacturing sector likely slowed this month, a as per polls, as factory-gate prices lost steam and authorities moved to tackle risks in the property market and credit growth. Data is due on Sunday,...

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Global markets signal muted start on Dalal Street; SGX Nifty flat : 28 Apr 2017

Indian Indices: Indian shares are likely to witness a cautious opening as the global markets are subdued with SGX Nifty trading 1 point lower @9368 The Indian equities are likely to remain flat on Friday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets. Investors will keep an eye on earnings number of Ambuja Cement, CEAT, Federal Bank, IDFC, Raymond and Supreme Industries, which will be released today. Among others, DCB Bank, HDFC Bank will also remain in focus as the private sector lenders plan to raise fund.  Investors will also react to earnings report of...

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CS OPENING BELL : 28 Apr 2017

NIFTY SPOT DOWN 28 @9312 SENSEX DOWN 92 @29935 BANK NIFTY FUTURES DOWN 15 @22277 CS NIFTY FUTURES (MAY) OVERVIEW TREND BULLISH RES2:9425 RES 1:9385 SUP1:9295 SUP2:9225 CS BANK NIFTY FUTURES (MAY ) OVERVIEW TREND BULLISH RES 2: 22425 RES 1:22335 SUP1: 22155 SUP2: 22025 Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us.  Get more details here:- Commodity Market Tips Equity Tips Share Market Tips * Investment &...

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Oil prices fall on lingering oversupply concerns : 27 Apr 2017

Oil prices dipped on Thursday, weighed down by a general sentiment of globally bloated markets, though traders said that prices seemed to have found support around current levels.  U.S. West Texas Intermediate (WTI) crude oil futures were trading at $49.37 per barrel at 0420 GMT, down 25 cents, or 0.5 percent from their last close. WTI has lost around 8.5 percent in value from its April peak.  Brent crude futures, the international benchmark for oil prices, were at $51.62 per barrel, down 20 cents, or 0.4 percent. Brent is almost 9 percent below its April peak.  Traders said the falls in recent weeks...

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Markets may remain cautious ahead of F&O Expiry : 27 Apr 2017

Indian Indices: Indian shares are likely to witness a cautious opening as the global markets look slightly supportive with SGX Nifty trading 4 points higher. Today we have April series expiry, so we might see some volatility throughout the day, Sgx is trading marginal up by 4 points@9350. The Indian rupee extended gains further as it has opened at 64.05 per dollar today, higher by 7 paise over 64.12 a dollar in previous session.  Equity benchmarks opened Thursday's trade on a flat note after yesterday's record closing high and ahead of expiry of April futures & options contracts. Mohan Shenoi of Kotak Mahindra Bank...

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CS OPENING BELL : 27 Apr 2017

NIFTY SPOT DOWN 7 @9342 SENSEX DOWN 10 @30125 BANK NIFTY FUTURES DOWN 32 @22175 CS NIFTY FUTURES (APRIL) OVERVIEW TREND BULLISH RES2:9415 RES 1:9365 SUP1:9275 SUP2:9225 CS BANK NIFTY FUTURES (APRIL) OVERVIEW TREND BULLISH RES 2: 22375 RES 1:22245 SUP1: 22025 SUP2:21775 Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us.  Get more details here:- Commodity Market Tips Equity Tips Share...

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India steel booms as JSW aims to double capacity : 26 Apr 2017

JSW Steel became India’s largest steelmaker this year as production surged. It wants to get bigger still, much bigger. The Mumbai-based company plans two plants of 10 million metric tonnes each in Odisha and Jharkhand, part of a drive to more than double in size to 40 million tonnes by 2030, according to joint managing director Seshagiri Rao. To fund growth and lower costs, the steelmaker will tap the bond market more frequently, with larger issues of possibly longer tenures, he said in interview, building on its recent successful overseas debut. These are boom times for steelmakers in Asia’s third-largest economy as firms...

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Flat to positive start likely on Dalal Street; SGX Nifty trades higher : 26 Apr 2017

Indian Indices: Indian shares are likely to witness a positive opening as the global markets look supportive with SGX Nifty trading 14 points higher Key benchmark indices logged strong gains yesterday, 25 April 2017, in sync with upbeat global equities after centrist candidate Emmanuel Macron won the first round of the French presidential election on Sunday, 23 April 2017. The barometer index, the S&P BSE Sensex, jumped 287.40 points or 0.97% to settle at 29,943.24. The Nifty 50 index surged 88.65 points or 0.96% to settle at 9,306.60. The Sensex hit its highest closing level in almost three weeks. The Nifty hit a record...

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CS OPENING BELL : 26 Apr 2017

NIFTY SPOT UP 32 @9338 SENSEX UP 112@30057 BANK NIFTY FUTURES UP 150@22157 CS NIFTY FUTURES (APRIL) OVERVIEW TREND BULLISH RES2:9345 RES 1:9305 SUP1:9242 SUP2:9205 CS BANK NIFTY FUTURES (APRIL) OVERVIEW TREND BULLISH RES 2: 22175 RES 1:22025 SUP1: 21865 SUP2:21775 Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us.  Get more details here:- Commodity Market Tips Equity Tips Share Market Tips * Investment & trading...

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Indian Rupee: Edges higher on increased dollar sales : 25 Apr 2017

The Indian rupee appreciated against the dollar in early trades on Monday, 24 April 2017 on increased selling of the American currency by exporters and banks amid a higher opening in the domestic equity market. Besides, the dollar's weakness against some currencies overseas also supported the rupee. The domestic currency opened at Rs 64.50 against the dollar and registered an intraday high and low of 64.4875 and 64.54 respectively so far during the day. In the spot currency market, the Indian unit was last seen trading at 64.52. On Friday, the rupee had slipped by 5 paise to 64.61 a dollar due to demand uptick for the American...

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