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Showing posts from February, 2019

Asian markets trade lower as trade optimism slides

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Equity tips:- Australian stocks were down 0.1% percent, South Korea's KOSPI and Japan's Nikkei lost 0.5% each, Jakarta Composite slipped 0.68%, while Shanghai Composite is marginally up. Asian stock markets were trading lower on Thursday after US Trade Representative Robert Lighthizer dented some of the recent optimism towards Sino-US trade relations, while the dollar held gains, supported by higher bond yields. Also, China PMI index fell to 49.2 in February, data showed on Thursday, the weakest level since February 2016. The 50-point index mark separates expansion from contraction on a monthly basis. Australian stocks were down 0.1%, South Korea's KOSPI and Japan's Nikkei lost 0.5% each, Jakarta Composite slipped 0.68%, while Shanghai Composite is marginally up. The dollar index against a basket of six major currencies stood little changed at 96.

Asian markets gain ahead of Trump-Kim summit

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Equity tips:- The two leaders first met last June in Singapore, a summit that was long on historic pageantry but short in any enforceable agreements for North Korea to give up its nuclear arsenal, the media report stated. Asian stock markets were trading higher on Wednesday’s morning trade as investors watch the second summit between President Donald Trump and North Korean leader Kim Jong Un in Vietnam, where talks will take place to try and convince Pyongyang to end its nuclear program in exchange for sanctions relief. The two leaders first met last June in Singapore, a summit that was long on historic pageantry but short in any enforceable agreements for North Korea to give up its nuclear arsenal, the media report stated. The Fed chief told Congress that the US economy should keep expanding at a solid, though somewhat slower pace this year, and reassured markets that the central

Asian markets trade in negative territory on Tuesday

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Equity tips:- The pound climbed to near four-week highs after media report stated that the UK Prime Minister Theresa May could seek to delay a Brexit deadline. Asian stock markets slipped in the morning trade on Tuesday as investors sought clarity on the US-China trade front after earlier cheering the postponement of a closely watched deadline in early March. The pound climbed to near four-week highs after media report stated that the UK Prime Minister Theresa May could seek to delay a Brexit deadline. Meanwhile, US President Donald Trump said on Sunday he would delay a tariff hike on $200bn of Chinese imports in the clearest signs yet that both sides were making progress in the talks, but he also sounded a note of caution, saying a deal "could happen fairly soon, or it might not happen at all." The Shanghai composite slipped around 0.42%, Hang Seng index fell 0.53%, Nikkei 225

Top stocks in focus: Indiabulls Real Estate, Kotak Mahindra Bank, Suzlon, Adani Ports

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Equity tips:- Check out the companies which will be in focus during trade today based on recent and latest news developments Indiabulls Real Estate ,  Oberoi Realty ,  Godrej Properties  stocks in focus today. The GST Council has approved the much awaited and largely expected rate cut for normal under-construction properties to 5% from 12% earlier without income tax credit, 1% for affordable housing category.  NBFC stocks  in focus today. The RBI has decided to merge the three categories of NBFCs viz. Asset Finance Companies (AFC), Loan Companies (LCs) and Investment Companies (ICs) into a new category called NBFC - Investment and Credit Company (NBFC-ICC). Kotak Mahindra Bank ’s Mark Newman resigned from the board with immediate effect, as ING Group sold its remaining stake in the bank. Suzlon Energy  clarified that it was exploring multiple options for debt reduction along with its

Sensex, Nifty trade lower; Kotak Mahindra stock slips 3.5%

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Equity tips:- Nifty Auto, IT, Pharma, and Realty indices are trading in the green, while Nifty Metal, Media, and Bank indices are trading in the negative zone. Equity benchmark indices snapped two days' rally and opened lower on Friday amid weak global cues. Nifty Auto, IT, Pharma, and Realty indices are trading in the green, while Nifty Metal, Media, and Bank indices were are in the negative zone. The  Sensex  slipped 64 points to 35,834, while the  Nifty  was down 18 points at 10,772. The market breadth was negative with 945 shares advancing, 594 shares declining, and 498 remaining unchanged. The BSE MidCap index was trading marginally up 7 points at 14,123, while BSE SmallCap was trading at 13,418, up 4 points. The rupee on Friday opened slightly lower at 71.25 against the US dollar. Kotak Mahindra Bank  stock slipped after 5.87cr or 3% as equity shares change

Asian markets trade flat after FOMC minutes

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Equity tips:- The Shanghai composite slipped around 0.2%, Hong Kong's Hang Seng index fell 0.27%, Nikkei 225 is down 0.41%, while the Topix declined 0.44%. Asian stock markets were trading marginally lower on Thursday ahead of an outcome of the US-China trade talks. The Shanghai composite slipped around 0.2%, Hong Kong's Hang Seng index fell 0.27%, Nikkei 225 is down 0.41%, while the Topix declined 0.44%. The Nasdaq Composite ended flat at 7,489, the Dow Jones Industrial Average advanced 63.12 points to close at 25,954 and the S&P 500 rose 0.2% to finish at 2,785. The moves followed the release of minutes from the Fed's January meeting, which highlighted downside risks, including "the possibilities of a sharper-than-expected slowdown in global economic growth, particularly in China and Europe, a rapid waning of fiscal policy stimulus, or a further tightening of

SGX Nifty indicates gap up opening for the Indian market

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Equity tips:- Nifty saw another volatile session with morning gains getting sold into another day running, marking the count of losses to nine days. SGX Nifty  is at 10,663.50, up 50 points. Nifty saw another volatile session with morning gains getting sold into another day running, marking the count of losses to nine days.This came in even as local mutual fund flows get stronger & markets heavily oversold. Foreign investors continue to sell keeping in mind the geopolitics & the risk of a retaliation by India against Pakistan. However, markets are ignoring the ongoing global rally & better than expected earnings from most Corporates. Global Markets:  Asian indices opened in the green led by the Japanese Nikkei as overnight US stocks continued to see an uptick despite the need for a correction. Asian markets continue to see more emphasis as valuations are much reasonable than most deve

SGX Nifty indicates a positive opening for the Indian markets

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Equity tips:- For today, expect global cues to see some bullishness with the overhang of geopolitical risk lurking as the Government promises to retaliate the Kashmir killings. SGX Nifty  is at 10,755, up 21 points. For today, expect global cues to see some bullishness with the overhang of geopolitical risk lurking as the Government promises to retaliate the Kashmir killings.  Nifty saw another volatile session with intraday movements of over 150 points. The Nifty closed in red, down 20 points but the recovery from the lows saw value buying lift the sentiment. Global Markets:  Asian indices opened with a bullish momentum as the Japanese Nikkei traded well over 350 points in early trade. The smart New Year rally witnessed in the US is seeing positive repercussions globally with most Asian indices joining the rally. Better than expected Corporate earnings & low valuations continue to see mor