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

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

Topic :- Time:3.00 PM

Nifty spot if closes above 10600 level then expect some more upmove in coming trading sessions and if it closes below above mentioned level then some sluggish movement is expected in the market. Avoid open sell positions for tomorrow.

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

Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 3893. If it breaks and trade below 3980 level then some profit booking can be seen in it and if it manages to trade and sustain above 3915 level then some upmove can follow in CRUDEOIL.

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

Topic :- Time:2.00 PM

Nifty turning from 10600 which is its immediate support level. Nifty spot once sustains above 10620 level then expect immediate upmove and only below 10600 some softness can be seen in the market.

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

Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 29175. If it breaks and trade below 29160 level then some profit booking can be seen in it and if it manages to trade and sustain above 29220 level then some upmove can follow in it.

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

Topic :- Time:1.00 PM

Nifty is trading in a range. Nifty spot if manages to trade and sustain above 10620 level then upmove is expected and below 10600 level some softness can follow.

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

Topic :- Time:12.00 PM

Nifty is trading quite flat now. Nifty spot if manages to trade and sustain above 10625 level then expect some upmove and if it breaks and trade below 10600 level then some softness can be seen in it.

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

Topic :- Time:11.40 AM

News Wrap Up:

1. Sensex trades at record high, Nifty hits 10,600 for 1st time

2. Onions making you cry? Increased supply to cool down prices in 2 weeks

3. Domestic airfares get 9-15% cheaper on increase in flights and competition

4. Sobha hits fresh 52-week high post Q3 operational update

5. Goa Carbon hits the roof after turnaround Q3 result

6. Sebi should not discriminate between large and small rating agencies

7. Dream Gateway Hotels to take IPO route to expand Kolkata Holiday Inn

8. L&T Construction bags orders worth Rs 2,265 crore

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

Topic :- Time:11.10 AM

After gap up opening nifty is still trading in greenzone at its life time high. Nifty spot if manages to trade and sustain above 10625 level then some upmpove can be seen in the market and if it breaks and trade below 10600 level then some softness can be seen.

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

Topic :- Nifty Opening Note

Indian Stock Market Trading View For 08 Jan,2018:

More volume and participation is expected in the market. Nifty to turn volatile as the day progresses.

Nifty spot if manages to trade and sustain above 10590 level then expect some quick upmove and if it breaks and trade below 10540 level then some softness 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

In the next 12 months, consumer goods companies would see a revival, both in volume and margin terms, with an anticipated revival in the rural sector, said a report.

With a few state elections and expected populist budget, the rural sector is anticipated to be prime beneficiary. This, coupled with improving macros and good monsoon after two consecutive droughts, also augur well, said the report on the consumer good sector brought by Edelweiss.

"After four quarters of muted growth, the consumer goods sector is likely to clock high single to low double digit volume growth in the October-December quarter of the current fiscal, the report said.

Volumes of consumer goods companies, which rebounded marginally from GST-related destocking in the July-September quarter of current fiscal, are likely to see near normalcy, it added.

Rural markets are recovering, albeit at a slower pace, the report noted.

Gross margin expansion will be soft since companies have hardly taken price hikes and have in fact cut prices due to reduced GST rates, it added.

"Partially, companies will start spending on advertising," the report noted. However, cost rationalisation should aid EBITDA margin expansion.

The report said the sector revenue growth will revive from the second half of the current financial year. "With GST pangs largely behind, volumes of most companies to clock high single to low double digit growth."

Paint companies are likely to clock high single digit to low double digit volume growth aided by demand levers as well as soft base, it said.

Prices of raw materials like copra, monomers and menthol, among others, have remained elevated. Prices of other raw materials like sugar, wheat flour and milk have remained flat to slightly declining, the report said.

"To offset rising raw material cost, companies have not been able to take required price hikes, resulting in some gross margin compression. With cost rationalisation, calibrated EBITDA margin expansion can be expected," it noted.

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

India has initiated an anti- dumping probe into import of a Chinese chemical used in detergents following complaints from some domestic companies.

Gujarat Credo Mineral Industries and Chemicals India have filed an application before the Directorate General of Anti- dumping and Allied Duties (DGAD) for initiation of an investigation into import of 'Zeolite 4A (Detergent Grade)' from China.

In a notification, the DGAD said prima facie it has found sufficient evidence of dumping of the chemical.

The anti-dumping duty, if imposed, would help guard domestic players in the sector against cheap imports of the product.

"The authority hereby initiates an investigation into the alleged dumping, and consequent injury to the domestic industry," it said.

In the probe, it would determine the existence and effect of the alleged dumping and recommend the amount of anti- dumping duty, which if levied, would be adequate to remove the injury to the domestic industry.

The period from April 2016 to June 2017 (15 months) will be taken for the probe.

Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in cheap imports.

As a counter measure, they impose duties under the multilateral regime of WTO.

The duty is aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters.

India has already imposed anti-dumping duty on several products to tackle cheap imports, including from China.

The country has imposed the duty on as many as 98 products, as on December 27 last year, imported from China.

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

Close to Rs 200 crore allocated for Prime Minister Narendra Modi’s pet Namami Gange project have been lying unused in banks because no action plan has been finalised, the CAG concluded after studying the project from 2014 to March 31, 2017. A report on it was tabled in the Parliament on Tuesday.

The mission to clean the Ganga had started in 2011.

Of the Rs 198.48 crore sanctioned to the Central Pollution Control Board (CPCB) for three projects on monitoring and evaluation of work under the National Mission for Clean Ganga (NMGC), only 7.44 per cent, or Rs 14.77 crore, was used.

The report highlighted delay, lapses or complete non-implementation in areas like cleaning of the river, installation of sewage treatment plants, and construction of toilets in households.

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

The government it seems is in no mood to lower its guard on the tax collection front as it looks to send notices to GST defaulters.

According to a report in Business Standard, the government is set to issue notices who have failed to file returns.

Due to postponement of measures under the GST such as matching returns, the e-way bill, and the reverse change mechanism, assessees have found a way to avoid paying taxes. This has prompted a hardening stand on revenue leakages, as per a government official.

In July, the Central Board of Excise and Customs (CBEC) had asked its officers to go easy on taxpayers till GST’s teething problems were solved. But CBEC Chairperson Vanaja Sarna in a letter to his officers has said “sending out notices to those assessees under your jurisdiction who have failed to file returns may be considered.”

GST collections slowed to their lowest at Rs 83,346 crore in October as the integrated GST was used as credit and rates were revised downward, the report said.

The government official further said that reduction in the GST rates for more than 200 items last month might also affect collections. Fearing a slump in revenue collections, the GST Council on Saturday decided to implement the nationwide roll-out of the electronic way bill on interstate movements of goods from February 1 and for interstate carriage from June 1.

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

The government it seems is in no mood to lower its guard on the tax collection front as it looks to send notices to GST defaulters.

According to a report in Business Standard, the government is set to issue notices who have failed to file returns.

Due to postponement of measures under the GST such as matching returns, the e-way bill, and the reverse change mechanism, assessees have found a way to avoid paying taxes. This has prompted a hardening stand on revenue leakages, as per a government official.

In July, the Central Board of Excise and Customs (CBEC) had asked its officers to go easy on taxpayers till GST’s teething problems were solved. But CBEC Chairperson Vanaja Sarna in a letter to his officers has said “sending out notices to those assessees under your jurisdiction who have failed to file returns may be considered.”

GST collections slowed to their lowest at Rs 83,346 crore in October as the integrated GST was used as credit and rates were revised downward, the report said.

The government official further said that reduction in the GST rates for more than 200 items last month might also affect collections. Fearing a slump in revenue collections, the GST Council on Saturday decided to implement the nationwide roll-out of the electronic way bill on interstate movements of goods from February 1 and for interstate carriage from June 1.

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

Topic :- Share Market Closing Note

Equity benchmarks ended higher for third consecutive session as investors await Federal Reserve policy decision and exit poll on Gujarat assembly elections.

The 30-share BSE Sensex was up 205.49 points at 33,455.79 and the 50-share NSE Nifty gained 56.60 points at 10,322.30.

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

Topic :- Time:3.05 PM

Nifty spot is trading at 10320. If it manages to close above 10300 level then further more upmove is expected in the market in coming trading sessions and if it closes below above mentioned level then some sluggish movement is expected. Avoid open sell positions for tomorrow.

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

Topic :- Time:2.40 PM

COPPER Trading View:

COPPER is trading at 426.60. if it holds above 424.50 level then expect some quick upmove in it and if it breaks and trade below 424.60-424 levels then copper is likely to decline further. 

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

Topic :- Time:1.55 PM

Just In:

Rs 40,000-crore development projects in limbo in Andhra.

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

Topic :- Time:1.40 PM

SILVER Trading View:

SILVER is trading at 37070. It will find its immediate support at 36850. If it manages to hold above it then expect some quick upmove in it and it is likely to test 37470 level quite soon. Buy on every decline till it holds above 36850 is recommended in it.

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

Topic :- Time:1.00 PM

Nifty spot is trading at 10294. If it manages to trade and sustain above 10320 level then expect some quick upmove in the market and if it breaks and trade below 10260 level then some softness can follow in the market.

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

Topic :- Time:12.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 3683. If it manages to trade and sustain above 3685 level then expect some quick upmove in it and is likely to test 3720 level quite soon and if it breaks and trade below 3670 level then some softness can be seen in it.

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

Topic :- Time:12.20 PM

Just In:

RBI - To Permit Overseas Branches Of Indian Banks To Refinance Ecbs Of Aaa Rated Corporates As Well As Navratna, Maharatna Psus, By Raising Fresh Ecbs.

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

Topic :- Time:12.20 PM

Nifty is trading flat and is not showing any major movement. Nifty spot if manages to trade and sustain above 10300 level then expect some quick upmove and if it breaks and trade below 10270 level then some softness can be seen in the Nifty.

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

Topic :- Time:11.30 AM

News Wrap up:

1. Sensex up 150 pts, Nifty regains 10,300; Airtel top gainer

2. Fresh round of finger-pointing looms over Infosys 

3. Nov inflation likely exceeded RBIs 4 pc target: Poll

4. Railways revenue likely to rise 10% to Rs 1.8 lakh crore

5. Reliance retail plans to expand B2B play

6. Modis famous Gujarat model is facing a serious existential crisis

7. Mukesh Ambani has driven 45% of India Incs capex since FY14

8. Unitech shares rise 20% as NCLT allows govt to appoint 10 directors

9. 5 yrs after Food Security Act, poor Indians to get millets at Rs 1/kg

10. UltraTech Cement gains on board nod for expansion, increase in FII limit.

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

Topic :- Time:11.00 AM

After positive opening nifty is trading flat. Nifty spot if manages to trade and sustain above 10320 level then expect some quick upmove and if it breaks and trade below 10250 level then some softness can be seen in the Nifty.

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

Topic :- Nifty Opening Note

Indian Stock Market Trading  View For 11 Dec,2017:

Upcoming week is expected to be a volatile week with lot of swings. Good stock specific movement expected overall.

Nifty to trade volatile and is likely to follow global cues.

Nifty spot if manages to trade and sustain above 10290 level then expect some upmove in the market and if it breaks and trade below 10220 level then some softness can be seen in the Nifty. 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

Global investment bank Nomura has predicted India's economy to register a 7.5 per cent growth rate in 2018, saying it is on the cusp of a cyclical recovery.

India's Gross Domestic Product (GDP) growth bottomed-out in the second quarter of 2017 at 5.7 per cent year-on-year, rising to 6.3 per cent in the third quarter, it said.

It has forecast 6.7 per cent in the fourth quarter and a full-year growth of 6.2 per cent this year, rising to 7.5 per cent in 2018, it said.

"We remain bullish on India's macroeconomic outlook," Nomura said in its Asian economic outlook 2018.

The Indian economy is on the cusp of a cyclical recovery and the government has continued to implement structural reforms and prudent macro policies, the tangible benefits of which may be harder to pinpoint right now, but over time will be positive for growth, it said in the report.

Higher crude oil prices and state election results are the main risks, it said.

Given the base effects, Nomura expects the growth in the first half of 2018 to be at 7.8 per cent, higher than the 7.1 per cent of the second half of 2017.

"Further out, we expect a growth of 7.3 per cent in 2019 – a solid print, aided by manufacturing and private services on the supply side and investment and private consumption on the demand side," the report said.

It listed out factors supporting a strong growth.

It would be the normalisation of Goods and Services Tax- related supply disruptions; the positive effects of bank recapitalisation, a positive remonetisation impulse and a positive fiscal impulse.

The GST council was addressing the supply disruption concerns, it said.

The council has raised the eligibility limit under the composition scheme, extended the dates for filing returns, disbursed pending refunds, allowed duty-free sourcing of materials for export until March 2018 and lowered GST rates.

As a result, Nomura said it expected small and medium enterprises (SMEs) to ramp up production, exporters to benefit from the stronger global export upcycle, import substitution to reverse and growth to jumpstart.

"2018 should be 2017 in reverse," it pointed out.

The government's comprehensive recapitalisation plan (recap) for public sector banks (PSBs) worth Rs 2.11 trillion (1.3 per cent of the GDP) in financial year 2018 (year ending March 2018) and financial year 2019 should enable the process of balance-sheet deleveraging.

The resolution of non-performing assets (NPAs) was slow as a lack of capital dissuaded public sector banks from writing off bad loans.

But as these are now being written off, firms' excess leverage should decline, setting the stage for a capex revival over time, according to the report.

Additionally, Nomura estimates that Rs 700-750 billion of the recap package will be available as growth capital, which should enable banks to extend additional loans worth 7.3 to 8.3 per cent of outstanding credit (assuming a leverage ratio of 8-9x).

This should ensure sufficient funding for borrowers with no leverage (consumers), where reforms are ongoing (public capex projects) and ensure it is not denied to those in need (SMEs), it said.

The reflationary effects of remonetisation are yet to be seen.

It estimates that real M1 money supply growth will rebound from a contraction of 5.3 per cent year-on-year for the 12-month period ending September 2017 to growth of 13.2 per cent for the year ending September 2018.

Changes in real M1 growth lead changes in real non- agriculture GDP growth by around one to two quarters as it captures transaction demand for money.

Hence, the expected jump in real M1 money supply should boost non-agriculture GDP growth, especially in the first half of 2018.

"We expect cash-intensive sectors such as manufacturing, construction, real estate, trade, transport, hotels and communications to benefit most," Nomura added.

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

India's retail inflation likely breached the central bank's 4.0 percent medium-term target in November after unseasonably heavy rains sent food prices soaring, a Reuters poll showed.

In the poll of more than 30 economists, annual consumer inflation, due to be released on Dec. 12 at 1200 GMT, was seen surging to a 13-month high of 4.20 percent in November from October's 3.58 percent.

The higher inflation rate is unlikely to push the Reserve Bank of India (RBI) to change its key rate any time soon, economists in the poll said.

November's heavy rains "created lots of damage" for perishable fruit and vegetable crops, said Rupa Rege Nitsure, group chief economist at Larsen & Toubro. "We have seen that translated into price rises for onions, tomatoes and other perishable commodities".

Increased house rent allowances for government employees and rising crude oil prices added to inflationary pressures alongside higher raw material costs due to the Goods and Services Tax (GST) rollout, she said.

Wholesale prices are expected to have risen 3.78 percent last month from a year earlier, compared to a 3.59 percent rise in October.

NEUTRAL STANCE

At its Dec. 6 policy meeting, the central bank raised its inflation projection by 10 basis points to between 4.3 and 4.7 percent for the six months ending in March. It kept interest rates steady and stressed a neutral policy stance.

The RBI cut rates by 200 basis points from January 2015 until August this year while food and energy prices were down. It is likely to keep them unchanged through the end of 2018, according to a separate Reuters poll.

"Interest rates will remain stable for some time before they (the RBI) start hiking them because industrial growth is still weak," Nitsure said. "Recovery is happening in a few sectors but it has not spread to all sectors and private investment sentiment also remains low."

Industrial output growth eased to 3.0 percent in October from September's 3.8 percent, as demand continued to suffer from disruption caused by the new national sales tax as well as last year's currency clampdown that wiped out over 85 percent of the cash in circulation.

But halting a five-quarter slide, India's economic growth rebounded in the three months ending in September with businesses starting to overcome troubles from implementation of the new tax.

"We still have some output gap but it's not as bad as it used to be a couple of quarters back. It will not make any sense for the RBI to just react to the (inflation) number. They also have to look at other factors," said Arun Singh, lead economist at Dun & Bradstreet India in Mumbai.

The poll also showed India's trade deficit likely narrowed to $13.75 billion last month from October's near three-year high of $14.02 billion.

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

Power and New & Renewable Energy Minister R K Singh today urged his states' counterparts to bring electricity distribution losses below 15 per cent to ensure 24X7 power for all by 2019.

Singh also asked them to roll out the Saubhagya scheme in their states to provide power connections to 4 crore families by December, 2018.

"We have reduced the distribution (aggregate technical and commercial) losses. It is necessary to achieve 24X7 power for all by 2019," Singh said.

He said this while inaugurating the conference of 'Ministers for Power and New & Renewable Energy of States & Union Territories' here.

He further said: "We are going to add 4 crore more subscribers under the Saubhagya scheme. Thus, with increase in supplies, leakages would further increase. We cannot continue to set off these losses using taxpayers' money."

The minister said there are 16 to 17 states, which are incurring distribution losses more than 15 per cent.

On the Saubhagya scheme, he said: "We are going to do it by December 2018. We have to do it. We have provided over Rs 90,000 crore from 9th Five Year Plan onwards to strengthen the system in states. We are providing funds under various schemes."

At present, all states have not submitted their proposals under the scheme. The proposal would have to come from states to seek funds. The Centre has provided Rs 16,320 crore under the scheme.

Talking about the renewables, Singh said clean energy would edge out fossil fuels, particularly petroleum, which is strategically in favour of India in view of huge imports.

The minister also spoke about the Centre's hydro policy which is aimed at reviving the stranded projects and assured states to push this clean source of energy which can become base load to replace thermal power.