Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

Nifty IT slips nearly 5% in a bearish market; Tech M, Infosys fall up to 6%

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

In the past eight days, the Nifty IT index has slipped 10 per cent, as compared to 4 per cent decline in the Nifty 50 index

Nifty IT index slips nearly 5%; Tech Mahindra, Infosys, TCS fall up to 6%

Shares of information technology (IT) companies fell up to 6 per cent on the National Stock Exchange (NSE) in Monday's intra-day trade after the US Federal Reserve Chairman Jerome Powell said that higher inflation is likely to inflict pain across households and businesses.

At 09:23 am, the Nifty IT index was the top loser among sectoral indices, and was down 4.5 per cent, as compared to 2 per cent decline in Nifty 50. Meanwhile, in the past eight days, the index has slipped 10 per cent, as compared to 4 per cent decline in the Nifty 50 index.

Shares of Tech Mahindra, Infosys, Tata Consultancy Services (TCS), Mindtree, Larsen & Toubro Infotech, Coforge, HCL Technologies, Wipro and L&T Technology Services fell up to 6 per cent intoday's intra-day trade.

The April-June quarter (Q1FY23) saw execution pick up for IT companies as it is a first full quarter of execution (barring company specific seasonality) after full/partial impact of furlough in Q3 and Q4. Operating margins, however, were impacted due to wage hikes rolled out in the quarter for few companies, while for others, supply side challenges, increase in sub-contractor expenses, travel & visa related expenses acted as major headwinds.

Despite minor pain in select verticals of IT companies, analysts at ICICI Securities remain optimistic of no downward revision in revenue growth guidance for FY23.

"The demand environment continues to be strong, which reflects in healthy order book growth. However, companies did mention about weakness in a few pockets as far as tech spending is concerned due to some impact of macro headwinds. The weakness largely pertains to BFSI and retail verticals. It is also heartening to see no downward revision in revenue growth guidance in FY23 by any of the companies," the brokerage firm said.

On the contrary, a media report by the Economic Times stated that the revenue of the IT service providers may be impacted by up to 33 per cent due to a fall in the growth rate of three platforms - Amazon Web Services, Microsoft Azure and Google Cloud. In the first half of 2022, the three platforms have reported a 7 per cent fall in incremental revenues

Share Market Closing Note,Indian Stock Market Trading View For 29 Aug,2022:

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

 Share Market Closing Note

Nifty ends below 17,350, Sensex tanks 861 pts; IT stocks worst hit.Share Market Closing Bell! Sensex, Nifty end on a positive note | Zee  Business

Apart from FMCG and Oil & Gas, all other sectoral indices ended in the red with Bank, Information Technology, Metal, PSU Bank and Realty down 1-3 percent.

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

Nifty spot if manages to close above 17340 level only then expect bounce back in the market else we might witness some further down move in coming sessions. Avoid open long positions for tomorrow.

--------------------------------------------------------------------------------------------

Topic :- Time:2.40 PM

Just In:

L&T Tech wins 5-year multi-million dollar deal from BMW for infotainment

--------------------------------------------------------------------------------------------

Topic :- Time:2.30 PM

NATURALGAS Trading View:

NG is trading at 760.If it holds below 762 level then expect some decline in it and once it manages to trade and sustain above 762 level then some pull back can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 50900.If it breaks and trade below 50860 level then expect some further decline in the market and if it manages to trade and sustain above 50940 level then some upmove can follow in GOLD.

--------------------------------------------------------------------------------------------

Topic :- Time:1.20 PM

Just In:

Govt working to avoid panic over rice with targeted curbs on export

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Nifty is likely to turn volatile and trend will remain sell from rise for now. Nifty spot if breaks and trade below 17300 level then expect some decline in it and if it manages to trade and sustain above 17340 level then some upmove can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:12.45 PM

Just In:

Court dismisses Ex NSE CEOs bail plea.

--------------------------------------------------------------------------------------------

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 666.60. If it holds above 663.00 level then expect some quick rise in it. Buy on every decline till it holds above 663.00 is recommended in it.

--------------------------------------------------------------------------------------------

Topic :- Time:12.20 PM

Just In:

Mukesh Ambani-led Reliance Industries Ltd (RIL) will hold its 45th Annual General Meeting (AGM) virtually today at 2 PM through video conferencing

--------------------------------------------------------------------------------------------

Topic :- Time:12.10 PM

Just In:

Reliance Retail makes Rs 5,600-crore initial bid for Metro Cash & Carry India.

--------------------------------------------------------------------------------------------

Topic :- Time:12.00 PM

Nifty spot is trading at 17330.If it breaks and trade below 17300 level then expect some decline in the market and if it manages to trade and sustain above 17360 level then some upmove can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex trims early loss, down 900pts; Nifty50 below 17,300

2. Rupee hits new low of 80.14 per $ as Feds Powell talks tough on inflation

3. RIL AGM 2022: Ambani to unveil 5G phone, spell out new, bigger energy plans

4. Are we allowed to transfer shares to Adani Group firm: NDTVs Roys ask Sebi

5. Suzuki Motor to invest Rs 18K cr for setting up EV battery unit, car plant

6. Bank of Baroda planning to raise Rs 5 billion through perpetual bonds

7. Govt may try new currency swap to help developing economies avert default

8. National Highways Infra Trust to raise Rs 2,350 cr via bonds, bank loans

--------------------------------------------------------------------------------------------

Topic :- Nifty Opening Note

Indian Stock Market Trading View For 29 Aug,2022:

Gap down opening expected. Investors should wait for 1-2 days before going long in the market. Nifty is likely to remain volatile and is expected to follow global cues.

Nifty  spot if manages to trade and sustain above 17620 level then expect some upmove in the market and if it breaks and trade below 17500 level then some decline can follow in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

--------------------------------------------------------------------------------------------



RIL 45th AGM Live: Ambani promises Jio 5G services in metros by Diwali

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

From Reliance Industries 45th Annual General Meeting to Covid updates, catch all the latest news here

Mukesh Ambani, Chairman & MD, RIL

India on Monday recorded 7,591 cases of Covid, the lowest in 76 days, taking the nation's tally of  to 44,415,723. The death toll from the Covid-19 pandemic reached 527,799 after 45 new fatalities were reported, including 15 reconciled by Kerala. India's tally of cured Covid cases reached 43,802,993 after 9,206 people recovered from the disease in the last 24 hours.

Billionaire Mukesh Ambani's  (RIL) will hold its 45th Annual General Meeting (AGM) via video conferencing today at 2 pm on Monday, August 29. The AGM will see some key announcements, including the group's 5G rollout timeline and the launch of its JioPhone 5G. The future roadmap of some key businesses, such as retail, telecom and new energy, is also expected at the AGM. At last year's AGM, Ambani had launched the JioPhone Next, its first smartphone. The company had also laid out is new-energy blueprint with a Rs 75,000-crore investment over three years.

At least four people were killed and two people were injured on Sunday morning (local time) after a man set fire to a building and then shot at people fleeing in Houston, according to city Police chief Troy Finner. Among the four killed was the suspect, said the police chief, CNN reported. The suspect was later killed by a Houston police officer. 

The  party on Sunday announced that the election for its president would be held on October 17, asserting that it is the only party in the country which follows such a democratic exercise. The result will be declared on October 19. If only one candidate is left in the fray after the withdrawal of nominations, the winner will be declared on October 8 itself, the party's Central Election Authority chairman Madhusudan Mistry said after a meeting of the  Working Committee (CWC).

Diminishes himself further: Congress on Ghulam Nabi Azad's criticism

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Launching a fresh attack on the Congress three days after he quit the party, Azad said the party needs medicines for treating it which are being provided by compounders instead of doctors. He also accused the Congress leadership of not having time for setting the organisation right.

Diminishes himself further: Congress on Ghulam Nabi Azad's criticism

The Congress on Monday slammed Ghulam Nabi Azad for his latest attack on its top leadership, saying he has been tasked to "slander" the party and by doing so he diminishes himself further.

Launching a fresh attack on the Congress three days after he quit the party, Azad said the party needs medicines for treating it which are being provided by compounders instead of doctors. He also accused the Congress leadership of not having time for setting the organisation right.

Speaking to reporters at his residence here, Azad who quit the party on Friday last, alleged that the leaders being projected in the party in states are making party members leave instead of uniting them.

Hitting back at Azad, Congress general secretary in-charge communications Jairam Ramesh said, "After such a long career, courtesy entirely the party he's been tasked to slander, by giving interviews indiscriminately, Mr. Azad diminishes himself further."

"What's he afraid of that he's justifying his treachery every minute? He can be easily exposed but why stoop to his level?" he said on Twitter. Azad on Friday had ended his five-decade association with the party, terming it "comprehensively destroyed" and lashing out at Rahul Gandhi for "demolishing" its entire consultative mechanism.

he Congress, dealing with the fallout of a series of high profile exits, including that of Kapil Sibal and Ashwani Kumar, had attempted to deflect the latest blow by alleging that Azad's DNA had been "Modi-fied" and linking his resignation to the end of his Rajya Sabha tenure.

Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

RBI interventions to determine rupee's course amid surging dollar

Rupee, rupee vs dollar

The  weakened to a new low against the  on Monday as the greenback surged globally following  Chair Jerome Powell’s firm commitment to tackling high inflation even at the cost of .

The  weakened to a low of 80.14 per  in the first few minutes of trade on Monday as the  index strengthened well past the 109 mark.

The previous lifetime low for the  was 80.06 per dollar on July 19. The domestic currency, which had settled at 79.87 per dollar on Friday, regained some ground due to the Reserve Bank of India’s market interventions through dollar sales, dealers said. The local unit was at 80.02 per dollar at 9:30 am IST.

At the Jackson Hole Economic Symposium on Friday, Powell said that “restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy.”

The US dollar index, which measures the currency against six major rival currencies, was last at 109.33 as against 108.20 at the end of Indian market hours on Friday. The index has strengthened more than 14 per cent so far in 2022.

A stronger US dollar exerts pressure on emerging market currencies such as the rupee and weakens the appetite of overseas investors for Indian assets.

“The rupee has breached the recent lifetime low in line with the fall in other Asian currencies and is expected to now test 80.60 to 80.75 levels in the next one month,” Ritesh Bhansali, vice-president at Mecklai Financial Services, said.

The rupee has weakened a little more than 7 per cent in 2022.

Dealers said that the RBI had intervened in the market around the 80.05-80.10 per dollar mark and would prevent excessive volatility in the exchange rate.

“Now, it would be all about RBI’s tolerance or intolerance of these record levels. If they think to curb the same, then we could see easing up to 79.70-80 levels or else pressure will take the pair towards 80.30 levels,” CR Forex Advisors MD Amit Pabari said.

“For confirmation of the technical breakout, one should wait for initial hours and check whether the pair is holding 80.05 or not,” he said. He sees the rupee in a band of 79.70-80.30 per dollar for the day.

Fuel Prices on August 29: Check petrol, diesel rates in Delhi, Mumbai and other cities

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27.Fuel Prices on August 29: Check petrol, diesel rates in Delhi, Mumbai and other  cities - TopologyPro One - News Aggregator and Search Portal

Petrol and diesel prices held steady on August 29, the latest price notification issued by fuel retailers showed. The prices have stayed unchanged for more than a month.

Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 a litre respectively. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata respectively.

Oil marketing companies are reportedly incurring a loss of Rs 13.08 a litre on petrol and Rs 24.09 on diesel. India meets 80 percent of its fuel needs through imports.

The Meghalaya government on August 25 hiked the prices of petrol and diesel.

Oil mixed as OPEC supply cut prospect offsets demand fears

Oil prices were mixed on Monday as investors balanced expectations the OPEC will cut output to support prices against concerns sparked by Federal Reserve Chairman Jerome Powell saying the United States will face slow growth "for some time".

U.S. West Texas Intermediate (WTI) crude futures rose 2 cents to $93.08 a barrel at 0003 GMT, adding to Friday's gain.

Brent crude futures were down 27 cents, or 0.3%, at $100.72 a barrel, trimming gains from the previous session.

In a speech on Friday, Powell said curbing inflation "is likely to require a sustained period of below-trend growth" and would "bring some pain to households and businesses", which rattled equity markets while boosting the dollar.

The dollar index continued to climb on Monday to 109.16, up 0.3% in early trade. A stronger dollar weighs on oil as it makes crude more costly for buyers holding other currencies.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us