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

Indian benchmark indices ended in negative territory on March 17 amid selling seen in across the sectors as investors remain cautious ahead of the U.S. Federal Reserve policy outcome.

At close, the Sensex was down 562.34 points or 1.12% at 49,801.62, and the Nifty was down 189.20 points or 1.27% at 14,721.30. About 818 shares have advanced, 2115 shares declined, and 138 shares are unchanged.

ONGC, BPCL, Tata Motors, Adani Ports and Coal India were among the major losers, while gainers included ITC, TCS, Infosys and HDFC.

All the sectoral indices ended in the red with Nifty PSU Bank index fell 4 percent. BSE Midcap and Smallcap indices shed 2 percent each.

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

Topic :- Time:3.00 PM

Nifty spot close above 14800 level will result in some pull back in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to be seen. Avoid open sell positions for tomorrow.

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

Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4696.If it manages to trade and sustain above 4705 level then expect some upmove and if it breaks and trade below 4685 level then some decline can be seen in it.

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

Topic :- Time:1.40 PM

Just In:

Stellar IPO listings: 4 IPOs debut with at least 40% premium in 2021 so far

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

Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 672.20.If it manages to trade and sustain above 672.80 level then expect some rise in it and if it breaks and trade below 671.80 level then some decline can follow in it.

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

Topic :- Time:1.10 PM

Nifty is rangebound now and is getting ready for another big move. Nifty spot if breaks and trade below 14820 level then expect some further decline in the market and if it manages to trade and sustain above 14860 level then some upmove can be seen in the market.

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

Topic :- Time:1.00 PM

Nifty is declining. Nifty spot if breaks and trade below 14820 level then expect some further decline in the market and if it manages to trade and sustain above 14860 level then some upmove can follow in it.

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

Topic :- Time:12.30 PM

NATURALGAS Trading View:

NG is trading at 185.10.If it breaks and trade below 184.80 level then expect some decline in it and if it manages to trade and sustain above 185.40 level then some upmove can follow in it.

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

Topic :- Time:12.15 PM

Must Subscribe in the public issue of 

Nazara Technologies

Recommendation - Subscribe for listing Gain and Investment 

Issue Opens - 17th Mar, 2021 (Wednesday)

Issue Closes - 19th Mar, 2021 (Friday)

Issue Size - Rs 583 crore at Upper Band

Price Band - Rs 1100-1101

No.of Shares - 5,294,392 Eq Shares of Rs 4 (aggregating up to ₹582.91 Cr)

Minimum Lot Size - 13

Minimum App Amount - Rs 14313/ at Upper End

Promoter

Among promoters, Vikash Mittersain holds 250 equity shares in the company, Nitish Mittersain holds 10,11,453 equity shares and Mitter Infotech LLP holds 59,55,125 equity shares, which total representing 22.88 percent of the pre-offer paid-up equity capital of the company.

Vikash Mittersain is the Chairman and Managing Director of the company. He has been associated as Director of the company since its incorporation. He is also the founder and president of India Business Group (Chamber of Commerce).

Nitish Mittersain is the Joint Managing Director of the company. He founded the company in 1999 and has been associated in the promotion of company for the last 20 years. He is also a trustee of the Dr B K Goyal Heart Foundation and India Business Group (Chamber of Commerce).

Objective of the Issue

As it is fully an offer for sale issue, the company will not get any money and all the money, excluding offer expenses, will go to the shareholders that are selling their stake.

Company Background

Incorporated in 1999, Nazara Technologies Ltd is a leading mobile game company in India. Nazara Technologies is the leading India-based diversified gaming and sports media platform with presence in India and across emerging and developed global markets, such as Africa and North America.

Geographical Reach

The company develops content in India for the Indian as well as global audience, which resulted in an average of 40.17 million monthly active users (MAUs) for FY20 and 57.54 million MAUs across all games for the nine-month period ended December 2020.

Product Range

It offers products across segments - interactive gaming, eSports and gamified early learning ecosystems, including World Cricket Championship (WCC) and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay and Qunami in skill-based, fantasy and trivia games.

Financials

The company has raised Rs 12.63 crore (in two tranches in 2005 and 2007) and Rs 76.53 crore in 2018. As a result, the company has historically been EBITDA positive and have generated sufficient cash flows from operations. It resulted in a cash and cash equivalents and other bank balances of Rs 184.28 crore as at September 30, 2020.

Nazara reported a 45.9 percent growth in consolidated revenue at Rs 247.51 crore in FY20 with loss at Rs 26.61 crore compared to profit of Rs 6.71 crore in previous year. In FY19, profit increased sharply by 556.2 percent to Rs 6.71 crore, but revenue fell 1.4 percent to Rs 169.7 crore compared to FY18.

For the six months period ended September 2020, the company reported loss at Rs 10.11 crore on revenue of Rs 200.46 crore.

Conclusion

With outlook of growth in gaming segment, Nazara is well poised for next level of growth. We recommend Buy. Small Equity base will do wonders to stock price.

We expect decent listing gains.

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

Topic :- Time:12.00 AM

After flat to negative opening nifty is still trading in red zone. Nifty spot if breaks and trade below 14880 level then expect some quick decline in it and if it manages to trade and sustain above 14940 level then some upmove can follow in it. Currently Nifty spot is trading at 14903.

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

Topic :- Time:11.30 AM

News Wrap Up:

1. Sharp fall in indices; Sensex dips 100 pts; IT stocks shine

2. Vedanta hits 52-week high after promoter raises open offer price

3. Mutual funds net sellers of Indian equities for the first time in 7 years

4. Sebi streamlines IPO application process, issues new guidelines

5. SBI Card dips 4% after over 40 million shares change hands via block deal

6. GMM Pfaudler gains 8% on acquiring HDO Technologies assets for Rs 58 crore

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

Get Best Indian Stock Market tips

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

The fuel prices are increasing because of the rising price of international crude oil and higher central and state taxes.

Petroleum and diesel costs stayed consistent for the eighteenth sequential day on March 17, 2o21, the nation over after a precarious ascent when the costs were keep going climbed on February 27. 

From that point forward, the cost of petroleum and diesel in New Delhi stayed unaltered at Rs 91.17 per liter and Rs 81.47 per liter, individually, as indicated by the Indian Oil Corporation Limited (IOCL). In Mumbai, the cost of petroleum is Rs 97.57 per liter. The cost of diesel remained at Rs 88.60 per liter. 

The fuel costs are expanding a result of the rising cost of global unrefined petroleum and higher focal and state charges. During the pandemic, the focal government had raised the extract obligation on petroleum to Rs 32.98 a liter from Rs 19.98 a liter. 

A comparative increment was influenced on diesel, where extract obligation was expanded to Rs 31.83 a liter from Rs 15.83 a liter. A few state governments too had expanded the Value Added Tax (VAT) on fuel during a similar period. 

The retail costs of petroleum and diesel had hit the three-figure mark in February in Rajasthan's Sri Ganganagar and Anuppur, Madhya Pradesh. Rajasthan demands the most elevated worth added charge in the nation followed by Madhya Pradesh. 

Money Minister Nirmala Sitharaman and Union Minister for Petroleum, Natural Gas and Steel Minister Dharmendra Pradhan have batted for the incorporation of fuel under the domain of Goods and Services Tax (GST) to carry some help to the everyday person. 

In the mean time, the costs of petroleum and diesel in Chennai remained at Rs 93.11 and Rs 86.45 per liter, individually. The cost of petroleum and diesel in Kolkata was steady at Rs 91.35 per liter and Rs 84.35 per liter.

Get Daily Share Market tips From Our Experts In Sharetipsinfo

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

Indian Stock Market Trading View For 17 March,2021:

Nifty is likely to remain volatile and is expected to show few more wild moves. Global cues will be trend setter. 

Nifty spot if manages to trade and sustain above 14940 level then expect some upmove and if it breaks and trade below 14880 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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

Get Stock Trading View

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

Senior citizens of the age 75 and above with income from pension and interest from fixed deposit in the same bank would be exempted from filing ITR from April 1, according to the new rules.

A large number of changes in the annual duty rules, declared by the Union Finance Minister Nirmala Sitharaman on February 1 while introducing the Union Budget will become effective from fom April 1. 

Individuals of and beyond 75 years old with pay from benefits and premium from fixed store in a similar bank would be excluded from documenting the yearly ITR from April 1, as per the new guidelines. 

The Finance Minister proposed higher TDS (charge deducted at hotspot) for the individuals who are not recording their ITR and declared to burden individuals contributing above Rs 2.5 lakh yearly to the EPF account. 

Here are the 5 changes that will happen from April 1 

PF charge rules: From 1 April, interest on yearly worker commitments to opportune asset over Rs 2.5 lakh would be burdened. The govt said that the move is pointed toward burdening high-esteem investors in the Employee Provident Fund (EPF). 

The EPF is focused on the government assistance of laborers and any individual procuring not as much as Rs 2 lakh each month won't be influenced by the proposition, Finance Minister Nirmala Sitharaman said. 

TDS: The account serve has proposed higher TDS (charge deducted at source) or TCS (charge gathered at source) rates in spending plan 2021 to make more individuals record annual expense forms (ITR). 

The addition of new Sections 206AB and 206CCA in the Income Tax Act has been proposed in the financial plan as an exceptional arrangement for the allowance of higher paces of TDS and TCS, separately for the non-filers of a personal assessment form. 

Senior residents over 75 years absolved from recording ITR: Finance serve Nirmala Sitharaman, while introducing Budget 2021, had excluded people over a long time from documenting personal government forms (ITR) To facilitate the consistence trouble on senior residents. 

The exclusion will be accessible to just those senior residents who have no other pay except for rely upon annuity and premium pay from the bank facilitating the benefits account. 

Pre-filled ITR structures: In request to ease consistence for the citizen, subtleties of compensation pay, charge installments, TDS, and so forth Singular citizens will be given pre-filled Income Tax Returns (ITR). To additional simplicity documenting of profits, subtleties of capital increases from recorded protections, profit pay, and premium from banks, mailing station, and so forth will likewise be pre-filled. The move is pointed toward facilitating the documenting of profits. 

LTC: Tax exception to trade remittance out lieu of Leave Travel Concession (LTC) had been proposed by the focal government in Budget 2021. People who couldn't guarantee their LTC tax cut because of COVID-related limitations on going for those this plan was declared by the public authority a year ago.

Get Live Share Market tips

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

Topic :- Share Market Closing Note

Indian benchmark indices fell for the second day in a row on March 15 but recovers some of the intraday losses with Nifty finishing above 14,900 mark.

At close, the Sensex was down 397.00 points or 0.78% at 50,395.08, and the Nifty was down 101.50 points or 0.68% at 14,929.50. About 1210 shares have advanced, 1788 shares declined, and 207 shares are unchanged.

Divis Labs, Hero MotoCorp, Coal India, Bajaj Finserv and GAIL were among major losers on the Nifty, while gainers included JSW Steel, Tata Steel, Tech Mahindra, Power Grid Corp and IndusInd Bank.

Among sectors, metal, IT and PSU bank indices ended in the green, while seling witnesse in the auto, infra and pharma sectors. BSE Midcap and Smallcap indices ended 0.5 percent lower.

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

Topic :- Time:3.00 PM

Nifty is showing smart recovery now. Nifty spot if manages to close above 14940 level then expect some further upmove in coming sessions and close below above mentioned level will result in some sluggish movement.

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

Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4800.If it manages to trade and sustain above 4820 level then expect some rise in it and if it breaks and trade below 4790 level then crudeoil is likely to show some decline.

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

Topic :- Time:2.20 PM

Just In:

Ratan Tata acquires stake in Pritish Nandy Communications.

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

Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 14840 level then expect some more recovery in the market and if it breaks and trade below 14800 level then some decline can follow in Nifty.

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

Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 678.If it manages to trade and sustain above 680 level then expect some upmove in it and if it breaks and trade below 677.50 level then some decline can be seen in the market.

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

Topic :- Time:1.10 PM

Nifty is on the verge of decline. Nifty spot if breaks and trade below 14740 level then expect some further decline in the market and if it manages to trade and sustain above 14780-14800 levels then some upmove can be seen in the market. As nifty is still trading with negative bias traders are advised to avoid taking big long positions.

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

Topic :- Time:12.51 PM

Just In:

February WPI inflation at 4.17%, reaches 27-month high

The Wholesale Price Index (WPI) numbers for February 2021 has been released by the Ministry of Commerce and Industry.

WPI inflation for the month is at 4.17 percent compared to 2.26 percent for the corresponding period in January 2021, as per a ministry release

This is a 27-month high.

WPI inflation was at 2.03 percent in January 2021 and at 2.26 percent in February 2020.

WPI Food Index in February 2021 stood at 3,31 percent, an increase against (-)0.26 percent in the previous month.

In Non-food Articles, inflation was at (-)0.51 percent in February, a decline compared to January, 2021.

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

Topic :- Time:12.30 PM

GOLD Trading View:

GOLD is trading at 44800.If it breaks and trade below 44760 level then some decline can be seen in GOLD and if it manages to trade and sustain above 44820 level then some upmove is likely to follow in this bullion.

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

Topic :- Time:12.00 PM

Nifty is likely to turn more volatile now. Nifty spot if manages to trade and sustain above 14840 level then some further upmove can be seen in the market and if it breaks and trade below 14820 level then some decline is likely to follow in the Nifty.

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

Topic :- Time:11.55 AM

Must Subscribe in the public issue of 

Craftsman Automation Ltd

Recommendation - Subscribe for listing Gain and Investment 

Face Value- Rs 5

Issue Opens - 15th Mar, 2021 (Monday)

Issue Closes - 17th Mar, 2021 (Wednesday)

Issue Size - Rs 832.7 crore at Upper Band

Price Band - Rs 1488-1490

No.of Shares - Fresh Issue of 1,006,711 Eq Shares of ₹5 (aggregating up to ₹150.00 Cr) +Offer for Sale of 4,521,450 Eq Shares of ₹5 (aggregating up to ₹673.70 Cr)

Minimum Lot Size - 10

Minimum App Amount - Rs 14900/ at Upper End

Promoter

Promoter Srinivasan Ravi is the chairman and managing director of the company. He is a mechanical engineer by training and a first-generation entrepreneur with over 34 years of industry experience. He holds 52.83 percent of the paid-up equity of the company, while the total shareholding of promoter and promoter group is 63.40 percent.

The company had received funding from global investors, International Finance Corporation in 2010 and 2012, and Standard Chartered Private Equity (Mauritius) II in 2012 (which transferred its stake to its affiliate, Marina III Singapore Pte in 2017). IFC and Marina presently have 14.06 percent and 15.50 percent shareholding, respectively, in the company.

Existing Shareholding Pattern

Shareholder             % of Share held

1. Srinivasan Ravi      52.83%

2. Marina               15.50%

3. IFC                  14.06%

4. S Murali         10.57%

5. K Gomatheswaram      7.04%

Objective of the Issue

The company will utilise fresh issue proceeds for repaying certain borrowings to the extent of Rs 120 crore, while the funds from the offer for sale will go to the selling shareholders� the promoter and investors.

Company Background

The company commenced operations in 1986 in Coimbatore, Tamil Nadu. 

Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments�powertrain and other products for the automotive segment, aluminium products for the automotive segment and industrial and engineering products segment. It is the largest player in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segment as well as in the construction equipment industry in India.

Manufacturing Facilities

It owns and operates 12 manufacturing facilities in seven cities in India, with a total built-up area of over 1.5 million square feet.

Product Range

Its key products are highly engineered and include crankcase and cylinder blocks for two-wheelers, engine and structural parts for passenger vehicles and gearbox housing for heavy-commercial vehicles.

Marquee Clients

The end-users for its products include original equipment manufacturers (OEMs) producing commercial vehicles, special utility vehicles, tractors and off-highway vehicles.

Clients Include: Daimler India, Tata Motors, Tata Cummins, M&M, TAFE, Escorts, Ashok Leyland, Mitsubishi Heavy Industries, John Deere, JCB India, TVS Motors, Royal Enfield, Siemens 

Client Concentration in Revenue

It has a diversified client base with top 10 customers accounting for 59.15 percent, 53.41 percent, 56.25 percent and 52.59 percent of revenue from operations, in the nine months ended December 2020 and FY20, FY19 and FY18, respectively.

Financials Growth

Craftsman Automation registered a revenue growth at a CAGR of 0.5 percent during FY18-FY20 and profit grew at a CAGR of 14.1 percent.

(Fig in Rs Cr)     FY18       FY19       FY20       9m FY21

Net Revenue        1479       1818 1492       1023

EBITDA       294       443 398        288

EBITDA Margin(%)   20%        24.3%      27%        28%

PAT                32         97 41         51

EPS                16         48         21         25

Conclusion

Stock is rightly priced in the IPO. One can subscribe for the listing gain and for Investment.

We expect decent listing gains.

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

Topic :- Time:11.40 AM

Just In:

Kalyan Jewellers to launch IPO tomorrow

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

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex plunges 700 pts, Nifty below 14,900; bank stocks crack

2. Tech Mahindra gains 2% as Co to acquire 70% stake in Perigord

3. Vedantas dues, rising interest rates sound trouble for Anil Agarwal

4. Coronavirus: India cases at 11,385,158; Pune reports 3,267 fresh cases

5. MTAR Tech makes stellar debut, lists at 85% premium over issue price

6. Packaging stocks hit new highs; Jindal Polyfilms, Uflex surge up to 10%

7. Adani Welspun finds gas in Mumbai Offshores Tapti-Daman sector

8. Vodafone changes tack, looks to borrow funds

9. RBI rejects Yes Banks ARC plan, cites conflict of interest

10. Growth prospects for Orient Electric firm but margin improvement holds key

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

Topic :- Time:11.00 AM

After flat opening nifty is trading in red zone. Nifty spot if breaks and trade below 14820 level then expect some further decline in the market and if it manages to trade and sustain above 14860 level then some pull back can be seen in the market.

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

Topic :- Stocks under F&O ban on NSE

1. BHEL

2. Punjab National Bank

3. SAIL

4. Sun TV

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

Topic :- Stocks in the news

Jindal Saw: Brickwork Ratings revalidated its rating as BWR AA/Stable for bonds amounting to Rs 500 crores of the company.

Kotak Mahindra Bank: The board of directors approved dividend on 100 crore Nos. 8.10 percent non-convertible perpetual non-cumulative preference shares of the face value of Rs 5 each for FY21. The record date for the purpose of payment will be March 19, 2021.

Bajaj Finance: The debenture allotment committee of the company has allotted 300 secured redeemable non-convertibles debentures on a private placement basis.

JSW Steel: India Ratings and Research has reaffirmed the companys rating at AA, with the outlook revised to stable from negative.

IIFL Finance: The company will close its bond issue early on March 18 instead of March 23, 2021.

SBI Card: The board approved raising up to Rs 2,000 crore by issuing bonds.​

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

Topic :- Nifty Opening Note

Indian Stock Market Trading View For 15 March,2021:

Nifty is likely to remain volatile and is expected to show few more wild moves. Global cues will be trend setter. Reliance stock and Banking stocks to be eyed.

Nifty spot if manages to trade and sustain above 15060 level then expect some upmove and if it breaks and trade below 14080 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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

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

It has been recommended that the stages and aggregators, for example, Swiggy and Uber will contribute either 1-2% of the yearly turnover or 5% of the aggregate sum payable to such specialists, whichever is lower, to a federal retirement aide reserve. 

The Center was wanting to carry out the four work codes passed by Parliament as of late from April 1, 2021. Nonetheless, as FE had announced, the execution is probably going to be deferred as the vast majority of the state governments are yet to outline the guidelines under the codes. 

India is one of only a handful few nations where steps have been started to bring laborers of such class under government backed retirement. The standing panel on work had suggested outlining of plans for stage and gig laborers in the work codes. 

Sources in the work service said that an expected 40-50 lakh such specialists are probably going to join the ESIC plot not long after the code is carried out, however the number may go up in future. The thought is to bring all laborers under a type of government managed retirement net, they said. 

In the financial plan for 2021-22, the public authority had proposed to set up a data set of casual area representatives including gig and stage laborers which may help in offering government backed retirement and government assistance advantages to them. 

According to government's most recent information, between September, 2017 and December, 2020, over 4.63 crore new endorsers joined the ESI conspire. As on March, 2018, ESIC had around 13 crore recipients qualified to profit ESI benefits. 

ESIC is material to foundations having in excess of 10 specialists. Choice for turning out to be individual from ESIC has additionally been given to foundations with under 10 laborers under the federal retirement aide code. 

ESIC is currently present around 570 areas in the country and the public authority intends to stretch out its inclusion to every one of the 740 regions in the country. ESIC had as of late tied up with Ayushman Bharat to expand credit only clinical benefits through Ayushman Bharat empanelled medical clinics to its around 1.35 crore recipients in four states where its own facility is not available.

Get  90% Accurate Stock Market Tips

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

Gross domestic product in January was 2.9 percent lower than in December, the Office for National Statistics said.England's economy shrank by not exactly dreaded in January as the nation returned into a Covid lockdown, official information appeared, however exchange with the European Union was hit hard toward the beginning of the nation's new, post-Brexit exchanging relationship. 

GDP in January was 2.9 percent lower than in December, the Office for National Statistics said. 

Market analysts surveyed by Reuters had anticipated a withdrawal of 4.9 percent. 

England's economy is probably going to recoil by 4% in the principal quarter of 2021, due for the most part to the most recent lockdown yet in addition on account of interruption brought about by new, post-Brexit rules for exchange with the European Union, the Bank of England said a month ago. 

Samuel Tombs, a business analyst with Pantheon Macroeconomics, said Friday's information and other later markers proposed the economy may now be on course to fall by a less serious 2% in the principal quarter. 

England's economy shrank by not exactly dreaded in January as the nation returned into a Covid lockdown, official information appeared, however exchange with the European Union was hit hard toward the beginning of the nation's new, post-Brexit exchanging relationship. 

GDP in January was 2.9 percent lower than in December, the Office for National Statistics said. Financial analysts surveyed by Reuters had anticipated a compression of 4.9 percent. 

England's economy is probably going to shrivel by 4% in the main quarter of 2021, due generally to the most recent lockdown yet in addition in view of disturbance brought about by new, post-Brexit rules for exchange with the European Union, the Bank of England said a month ago. 

Samuel Tombs, a market analyst with Pantheon Macroeconomics, said Friday's information and other later pointers proposed the economy may now be on course to fall by a less serious 2% in the principal quarter

Get Live Share Market Tips With High Accuracy

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

Union Oil Minister Dharmendra Pradhan had earlier attributed the skyrocketing prices of fuels, to increased demand and assured that they will come down, as the winter season ends.

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

The industry's GLP had stood at Rs 2,11,302 crore at the end of December 2019

The microfinance business' gross advance portfolio (GLP) became 10.1 percent to Rs 2,32,648 crore as on December 31, 2020, as per the information gathered by industry body Microfinance Institutions Network (MFIN). 

The business' GLP had remained at Rs 2,11,302 crore toward the finish of December 2019. 

The affiliation said 14 banks hold the biggest portion of the portfolio in miniature credit with an absolute advance exceptional of Rs 97,956 crore followed by non-banking monetary organizations microfinance foundations (NBFC-MFIs), with an advance remarkable of Rs 72,128 crore. 

Little account banks (SFBs) have a complete advance sum extraordinary of Rs 39,062 crore with an all out portion of 16.79 percent. NBFCs represent another 9.06 percent, and other MFIs represent 1.04 percent of the microfinance universe, it said. 

During the December 2020 quarter, the microfinance business' credit payment de-developed 3.86 percent to Rs 59,507 crore, from Rs 61,894 crore in the year-prior quarter. On a successive premise, the business' advance payment saw a development of 90.4 percent, the business body said. 

RELATED STORIES 

Will VPF stay appealing choice after new assessment rules? 

US, UK, 3 different courts affirm $1.4 billion Cairn Energy discretion grant against India 

H&M stops putting in new requests in Myanmar 

MFIN is an industry affiliation containing 58 NBFC-MFIs and 39 partners including banks, little account banks (SFBs) and NBFCs. It delivered its Micrometer report for the second from last quarter of financial 2020-21. 

GLP of MFIN's NBFC-MFI individuals developed 11.1 percent at Rs 74,712 crore as on December 31, 2020, contrasted and Rs 67,255 crore a year ago in a similar quarter. It rose 5% in contrast with Rs 71,147 crore as of the end September quarter. 

GLP incorporates a claimed arrangement of Rs 63,710 crore and an oversaw arrangement of Rs 11,002 crore. 

NBFC-MFIs saw a 2.9 percent development in credit dispensing at Rs 19,696 crore in the second from last quarter of FY21 as against Rs 19,150 crore in the year-prior period. 

In any case, on a successive premise, their advance dispensing developed at gigantic 85.5 percent. In the quarter finished September 2020, NBFC-MFIs had dispensed advances worth Rs 10,617 crore. 

"It is encouraging that the green shoots seen toward the finish of Q2 (second quarter) have end up being valid and area distributions are coming to nearly at pre-COVID-19 levels sponsored by expanded interest for advances to restart vocations. 

"The payment during Q3 2020-21 are around 96% of Q3 2019-20, showing that it should arrive at ordinary levels by end of Q4 monetary 2020-21," MFIN CEO and Director Alok Misra said. 

NBFC-MFIs' normal advance payment per represent Q3 FY 2020-21 remained at Rs 34,070, which is an expansion of around 19% to Rs 28,620 every year prior, MFIN said. 

During the quarter, NBFC-MFIs got a sum of Rs 10,876 crore owing debtors financing, which is 0.5 percent not exactly the second from last quarter of 2019-20 and 10.4 percent more when contrasted with second quarter of 2020-21, the report said. 

Absolute value of the NBFC-MFIs developed by 16.6 percent to Rs 18,077 crore as on December 31, 2020, when contrasted with Rs 15,508 crore in the year-prior period, the affiliation said. 

"The banks and financial backers keep on showing full trust in the area as apparent by the obligation subsidizing going up 10.4 percent and value climbing 16.6 percent contrasted with comparing quarter a year ago," Misra said. 

Five top states as far as advance sum exceptional for MFIN individuals are Tamil Nadu, Karnataka, Bihar, Maharashtra and Odisha. They represent 51% of GLP and top 10 states represent 82% of the complete credit sum remarkable.

Get Live Stock Market tips

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

Benchmark indices erase most of intraday gains and ended marginally higher breaking two-day of profit booking.

At Close, the Sensex was up 35.75 points or 0.07% at 50,441.07, and the Nifty was up 18.10 points or 0.12% at 14,956.20. About 1698 shares have advanced, 1382 shares declined, and 208 shares are unchanged.

UPL, GAIL, L&T, ONGC and SBI Life Insurance were among major gainers on the Nifty, while losers were Shree Cements, Bajaj Finance, UltraTech Cement, IndusInd Bank and Bajaj Auto.

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

Topic :- Time:3.10 PM

Nifty spot close above 14960 level will result in some pull back in coming session and if it closes below above mentioned level then some sluggish movement is likely to be seen. Avoid open positions for tomorrow.

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

Topic :- Time:2.40 PM

Just In:

Easy Trip Planners IPO subscribed 1.46 times, retail portion booked 8 times on Day 1.

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

Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4888.If it manages to trade and sustain above 4895 level then expect some recovery in it and if it breaks and trade below 4875 level then some further decline can be seen in Crudeoil.

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

Topic :- Time:2.00 PM

Nifty is losing its gains now. Nifty spot if breaks and trade below 14940 level then expect some further decline in it and if it manages to trade and sustain above 15000 level then some upmove can follow in the market. As Nifty is volatile now so traders are advised to trade in less quantity. Stock specific action is there in the market.

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

Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 199.10. If it holds above 197 level then expect it to rise till 204-205 levels quite soon. It is likely to show some decline if it breaks and trade below 197 level. Buy on every decline till it holds above 197 level is recommended in it.

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

Topic :- Time:1.00 PM

Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 15000 level then expect some upmove and if it breaks and trade below 14980 level then some decline can follow in the market. 

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

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 682.60.If it manages to trade and sustain above 683.20 level then expect some upmove and if it breaks and trade below 680 level then some decline can follow in the COPPER.

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

Topic :- Time:12.00 PM

Nifty is now trading in small range. Nifty spot if breaks and trade below 15000 level then expect some decline in it and if it manages to trade and sustain above 15040 level then some upmove can follow in the market.

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

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty off days high; PSU banks, metals in focus

2. Govt proposes to hike in LICs authorised capital to Rs 25,000 cr

3. Cairn wants India to pay $1.4 bn, shareholders to seek enforcement

4. Oil & Gas shares rally; ONGC, Gail surge up to 7%, hit 52-week highs

5. BEML surges 13% as report suggests Tata, Mahindra eyeing stake in firm

6. MFs withdraw Rs 16,306 cr from equities in February on profit booking

7. Amid rising bond yields, FPIs pull out Rs 5,156 cr in March so far

8. India needs a cohesive strategy to protect itself from cyber attacks

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

Topic :- Time:11.00 AM

After positive start nifty is still trading in green zone but is losing some of its early gains. Nifty spot if breaks and trade below 15000 level then expect some further decline and above 15040 level some up move can follow in the market.

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

Get Live Share Market Tips With High Accuracy