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30 Years Of Reforms | The gap between aspirations and reality

27. July 2021 Sandeep Stock Market Research (0)

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In 1991, Manmohan Singh spoke of the need to increase the efficiency and international competitiveness of industrial production of domestic entities, as did his successors, but there was little government support that was crucial for realizing this objective.

n his first Budget Speech on July 24, 1991, then Finance Minister Manmohan Singh effectively laid the foundations of India’s trade and investment liberalization agenda. Providing a strong rationale for the government’s decision to embrace an open-door policy, Singh argued, “time has come to expose Indian industry to competition from abroad in a phased manner”.

For the PV Narasimha Rao government, ushering in the policy of trade liberalization was clearly one of its priorities. Within a month of its taking over, the Finance Minister announced in Parliament that the government had “introduced changes in import-export policy, aimed at a reduction of import licensing, vigorous export promotion and optimal import compression”.

The pathway chosen by the government had its strong advocates. In an oft-quoted paper, Michael Lipton and Jeffrey Sachs had argued that free trade instantly brings to bear on domestic firms the competition of the rest of the world, which almost resonated with Singh’s arguments. Lipton-Sachs’ advice was for the adoption of open-door policies at one stroke, euphemistically called the ‘big bang approach. Strong support for such policies was also extended by the World Bank, which spoke of the merits of phasing out quantitative restrictions rapidly and reducing tariffs to reasonably low and uniform levels, such as a range of 15-25 percent. Further, the World Bank favored.

The Government of India undertook trade liberalization through steep reductions in tariffs. Thus, India’s simple average of import tariffs was reduced from nearly 82 percent in 1990 to 56 percent in 1992, while its trade-weighted tariffs came down from nearly 50 percent to 28 percent. The Tax Reforms Committee headed by Raja Chelliah established in 1991 to draw up a roadmap for reducing import tariffs, proposed that the trade-weighted import tariffs should be reduced to 25 percent by 1995-96, from nearly 50 percent in 1990, which was consistent with the World Bank target.

Interestingly, the government went beyond this target, reducing average trade-weighted tariffs to 23.6 percent in 1996, with the simple average of tariffs at 38.7 percent.

The process of reduction of import tariffs came to a near standstill in the second half of the 1990s. By 2000, the average of trade-weighted tariffs remained at the level of 1996, while the simple average tariffs declined marginally to 33.7 percent. In 1997, the then Finance Minister, P Chidambaram, tried to provide momentum to the trade liberalization agenda by announcing that by the turn of the millennium India’s average tariffs would be brought down to single digits tariffs, comparable to those adopted by the ASEAN members.

Also read: How To Earn Money in Share Market

India’s average import tariffs did not decline to single digits immediately, but the United Front government did take an important step towards lowering tariffs. This it did by signing on to the Information Technology Agreement of the World Trade Organization (WTO) and agreeing to eliminate tariffs on a range of electronic products from the turn of the millennium.

India’s trade liberalization pathway was never a smooth affair as tariffs could not be lowered for several important manufacturing industries such as automobiles, and, of course, agriculture. In the Doha Round negotiations in the WTO, India adopted an agnostic view regarding trade liberalization.

Importantly, successive Union governments, irrespective of their political affiliations, have held this view in the multilateral trade negotiations. At the same time, however, they have engaged in negotiating free trade agreements (FTAs) in their efforts to forge strategic partnerships. But in recent years, the officialdom has questioned these agreements, suggesting that trade liberalization via FTAs has not favored India.

Why has India emerged as a reluctant liberalizer after its enthusiastic endorsement of trade liberalization three decades back?

The answer is the lack of competitiveness of Indian enterprises in the global markets. Singh spoke of the need to increase the efficiency and international competitiveness of industrial production of domestic entities, as did his successors, but there was little government support that was crucial for realizing this objective.

Thus, while India’s policymakers aspired to make the economy as open as those in the ASEAN region, they ignored the fact that proactive governments in these countries lent consistent support to a slew of efforts for strengthening their manufacturing sectors. Critical investments in both physical and human infrastructure and building vibrant innovation systems were among the more significant of these.

Under Singh’s prime ministership, attention was paid for the first time to find ways for improving the dismal state of India’s manufacturing. However, during the period since, strengthening the sinews of the manufacturing sector has not got the expected fillip.

India's GDP growth expected to be 8.8-9% in FY22: Care Ratings

27. July 2021 Sandeep Stock Market Research (0)

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The agency said the outlook for the Indian economy on almost agency said outlook for the Indian economy on almost all counts in FY22 would look seemingly better than FY21 on account of the negative base effect.

The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 percent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.

The country's economy had contracted by 7.3 percent in fiscal 2020-21.

The agency said the outlook for the Indian economy on almost all counts in FY22 would look seemingly better than FY21 on account of the negative base effect.

"GDP growth for the year (FY22) is expected to be 8.8-9 percent with GVA (gross value added) growth of 7.8 percent. The main drivers of the economy would be agriculture and industry," the rating agency said in its Economic Outlook for 2021-22.

The services sector will not be able to reach its potential even at 8.2 percent growth as the second lockdown has affected sectors like hotels and restaurants, tourism, retail malls and entertainment, in particular, it said.

While a lot has been done on the supply side by both the RBI and the government, the malaise is on the demand side which has been a problem even before the pandemic, Care Ratings pointed out.

A critical factor this time will be the spending pattern of the rural households, the report said, adding that the monsoon forecast is good and ideally a stable Kharif harvest should bode well for rural incomes.

There could be some pent-up demand which surfaces this time too from urban India, but it may just about maintain the level of last year and not really be a breakthrough.

"Higher consumption should stimulate investments. The crux will be an investment which has a multiplier effect on demand and investment," it said.

The report also said the fiscal deficit for FY22 is projected between Rs 17.38 lakh crore to Rs 17.68 lakh crore.

"For a nominal GDP of Rs 222.9 lakh crore, the increase in quantum of the fiscal deficit would potentially push up the fiscal deficit ratio to 7.8-7.9 percent of GDP," the report said.

It also said the cost of services has increased across all components, which combined with the fuel-led impact would keep CPI (consumer price index-based inflation) elevated at around 6 percent by March-end.

Wholesale price index-based inflation will be in double digits mainly due to the low base effect as well as rising global commodity prices.

"Given the high inflation numbers witnessed so far and our expectation of CPI inflation to remain elevated, it does not look likely that there can be any rate cut at least in the 2021 calendar year," the agency said.

It also expects the non-performing assets (NPAs) of banks to be at 10-10.5 percent for March 2022.

The current account will turn into a deficit this year with a higher trade deficit and stable invisible flows, it said.

"We do expect a deficit of 0.5-1 percent of GDP in FY2021-22," it said. The report further said FPI flows to the country would be lower than last year and be in the region of USD 18-22 billion.

It estimates the country's foreign exchange reserves to be around USD 620-630 billion by March end.

Article Source:- Moneycontrol

Top 10 Stock Market Tips To Get 100% Profits

26. July 2021 Sandeep Stock Market Research (0)

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Anyone who wants to become a profitable stock trader needs only spend a few ... to trading, you probably just want to know how to hurry up and make money.

Stock Market Tips And Tricks

1. Time is precious and so it is essential that you invest your time in learning how to trade and get long-term success.

2. Get started with proper discount brokerage under the assistance of a professional broker.

3. As you have just started to trade, it is sensible to open a cash account, rather than a margin account.

4. Be strong while investing or trading and don't let your emotions rule your mind. Follow the guidelines of buying and selling appropriately.

5. Be smart and conduct an analysis of your trading done in the stock market, this will let you know how far you have been successful and what mistakes you have committed.

6. It is mandatory to always have a blend of basic and technical investment models, so as to select the best successful stocks. this will also make your decision power strong

7. Ensure that you choose stocks for trading from the most prominent industry groups and sectors; the reason for doing this is because most of the former market gurus belonged to top industry sectors and groups.

8. Be technically sound to be able to understand stocks' price and volume chart and making your decisions accordingly to trade. It is not possible for stocks to hike up accidentally.

9. In order to become successful and rich in the stock market, it is essential that you buy stock's from the most renowned companies and that at the right time. for being a winner and in a top position, it is important to make good sales and earnings on stocks.

10. It is vital to purchase to derive huge profits and be successful in the stock market.

Import duty on masur dal cut to zero; agri infra development cess halved to 10%

26. July 2021 Sandeep Stock Market Research (0)

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A notification in this regard was tabled in the Rajya Sabha by Finance Minister Nirmala Sitharaman. The Minister said that the basic customs duty has been reduced from 10 percent to nil on lentils (masoor dal) originated in or exported from countries other than the US.

The Centre on Monday reduced the import duty on Masur dal to zero and also halved the Agriculture Infrastructure Development Cess on the lentil to 10 per cent, in a bid to boost domestic supply and check rising prices.

A notification in this regard was tabled in the Rajya Sabha by Finance Minister Nirmala Sitharaman. The Minister said that the basic customs duty has been reduced from 10 percent to nil on lentils (masoor dal) originated in or exported from countries other than the US.

Also, the basic customs duty has been reduced from 30 percent to 20 percent on lentils (masoor dal) originating in or exported from the US, she said. Further, the Agriculture Infrastructure Development Cess on lentils (masoor dal) has been reduced from the present rate of 20 percent to 10 percent, she added.

The retail price of masoor dal has increased by 30 percent to Rs 100 per kg now from Rs 70 per kg on April 1, this year, as per the data maintained by the consumer affairs ministry.

India Grains and Pulses Association (IGPA) Vice Chairman Bimal Kothari had early this month said, "India annually needs 25 million tonnes of pulses. But this year, we are expecting a shortage."

The government had introduced the Agriculture Infrastructure and Development Cess (AIDC) on certain items, including petrol, diesel, gold, and some imported agricultural products, this fiscal in a bid to boost agriculture infrastructure.

Article Source:- Moneycontrol

Dear keyboard warriors, your future employer is watching

24. July 2021 Sandeep Stock Market Research (0)

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Social media posts of candidates, be it personal or professional, are now the first on the list for scrutiny by prospective employers.

"I will definitely not take the COVID-19 vaccine no matter what. Will not let our body get injected with unknown chemicals". This was a tweet by 25-year-old Trisha Gupta on May 1, the day when India opened up COVID-19 vaccination to every citizen above the age of 18 years. Gupta had almost forgotten about this tweet but was promptly reminded of it during her job interview on May 24.

"The first question the interview panel asked me was the reasons behind this tweet. They also wanted to know my views on unvaccinated staff being barred entry into workplaces. I was dumbfounded because I didn't realize that this would be noticed," says Gupta who had applied to multiple companies for a software analyst role.

While her job application process is still under review, Gupta realized that she couldn't get away with tweeting anything in the future.

'Keyboard warriors' is a term used to refer to highly-opinionated individuals who speak their minds online on social media. Nothing wrong with it, except that companies are now taking notice.

The very first thing that is being scrutinized by the hiring managers at Indian workplaces is whether the candidate is active on social media; if yes, what do they post about.

Personal posts about daily life including life updates or views about celebrities/films/television shows are largely ignored. However, posts badmouthing individuals or organizations are taken note of.

For instance, you have quite an employer on a bitter note or could have been treated unfairly. There is a thin line between what is acceptable and what isn't. Increasingly, recruiters prefer employment issues to be handled offline one-on-one or legally rather than on social media.

This is especially true of sensitive cases like sexual harassment or caste-based discrimination at workplaces. On one hand, posting about it online will help draw wider attention to the matter but may also turn away job offers.

Recruiters say that at the core of it, what corporates are looking for is whether the candidate shows signs of irrational and/or violent behavior, racism, casteism, misogyny, religious animosity, and views towards the LGBTQ community.

Your personal views may not lead to a job rejection but be prepared to answer tough questions.

Digital marketing professional Senthil Kumar often posted on his Facebook timeline about the wage gap being a myth and how women were given an unfair advantage at workplaces.

Ironically, his interviewer for a similar position at a fintech firm was a woman. And, the first question was about this post and on what basis he had formed this opinion.

"I was eventually hired for the job but I was quizzed thoroughly about my social media posts. During the interview, the interviewer presented data from various companies to show that the wage gap among genders wasn't a myth. I just posted something without putting much thought but I guess these things are being noticed by recruiters," he said.

Kumar's case was not of a serious nature and only pointed to a lack of awareness on this matter.

But, explicit messages with obscene content and/or open call for violence against a group, persons would land you in trouble. While you could be booked under cyber laws for online harassment, it could also cost a job.

Recruitment managers are cognizant of the fact that there is a risk of the brand reputation getting hampered if candidates with past history of online hatred and trolling are hired.

Even liking or retweeting such views would prove costly, as Danica D'Costa realized.

"I had liked and retweeted a series of tweets which included caricatures of some prominent politicians. I took it as a joke but the prospective employer wasn't convinced that it was satire," said D'Costa.

While the company where she interviewed for a financial analyst told her that she wasn't qualified enough for the profile, D'Costa says that she met all the requirements and the sole reason for rejection is her social media views.

In a vibrant democracy, the share of views online is part and parcel of the system. But with changing dynamics about social media content and allied regulations, employers want to err on the side of caution.

Article Source:- Moneycontrol

Indian Finance Ministry officer among 25 global tax experts appointed to UN tax committee

22. July 2021 Sandeep Stock Market Research (0)

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The committee, formally known as the UN Committee of Experts on International Cooperation in Tax Matters, guides countries’ efforts to advance stronger and more forward-looking tax policies adapted to the realities of globalized trade and investment, an increasingly digitalized economy, and worsening environmental degradation.

Some significant issues including share of profit allocation and scope of subject to tax rules, remain open and need to be addressed. (Representative Image)

Rasmi Ranjan Das, a Joint Secretary in the Ministry of Finance, is among a distinguished group of 25 tax experts from around the world appointed as members of the UN tax committee for the 2021 to 2025 term.

The committee, formally known as the UN Committee of Experts on International Cooperation in Tax Matters, guides countries’ efforts to advance stronger and more forward-looking tax policies adapted to the realities of globalized trade and investment, an increasingly digitalized economy, and worsening environmental degradation.

It assists countries in their efforts to prevent double or multiple taxations as well as non-taxation, broaden their tax base, strengthen their tax administrations, and curb international tax evasion and avoidance.

How to Transfer Demat Account Shares from One Broker to Another?

20. July 2021 Sandeep Stock Market Research (0)

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Demat accounts have completely transformed the stock market in India. Shares were traded earlier in the form of paper certificates and were very difficult for investors to preserve and trade in them. With the dematerialization of securities, the trading mechanism was electrified, and stock trading became relatively easier.

How to Transfer Demat Account Shares from One Broker to Another?

Demat accounts are opened on depositories through depository participants or DPS. There are two depositories in India namely NSDL and CDSL. Depository participants are participating members of depositories who are authorized for opening and managing Demat accounts of clients. There are hundreds of depository participants available and an investor can choose any one depending on the facilities and charges.

However, once you have your Demat account in place and you start trading, there are chances that you can get a better Demat account from another depository participant or your current DP is not proving you the services as promised. In such a case, you will surely look forward to changing your Demat account. Opening a new Demat account is relatively easy but transferring your holdings from your old Demat account to a new one is not.

Let us now discuss the ways and steps of transferring your stocks and holdings from one Demat account to another.

Transferring Holdings

There can be various reasons for transferring your holdings from one Demat account to another. You have multiple Demat accounts and want to merge all your holdings into one, or it can be the other way around, you want to segregate your holdings into multiple accounts. Whatever be the reason, there can be two types of transfers that are possible – Inter-depository transfer and intra-depository transfer.

Intra-Depository Transfer - Your current Demat account was with NSDL and your new Demat account is on CDSL or vice versa. Now you want to transfer your holdings between two different depositories. Such a transfer is known as inter–depository transfer.
Inter-Depository Transfer - This is relatively easy because your old Demat account and new Demat account are both with the same depository. Such a transfer of holdings is known as intra – depository transfer. Now, you can transfer your securities from one Demat account to a new Demat account using a manual offline method or an online method. Let us now discuss both of them in detail.

Manual (Offline) method

The manual method for transferring holdings from one Demat to another requires some paperwork. The first and foremost step is to obtain the DIS (Delivery Instruction Slip) from your broker. Once you have the DIS, you need to obtain the BOID (Beneficiary Owner ID) number. This is a 16-digit number that serves as an ID of your broker. SO, there will be two different BO IDs, first for your old Demat provider and the second one for the new one.

Once you have all these sorted, you need to have the ISIN (International Security Identification Number) of each share that you want to transfer. Now if both your Demat accounts are with the same depository you need to choose the off-market transfer option, else it will be an inter-depository transfer.

Once you have accumulated all the information, you need to fill up the transfer form available with your broker and provide your consent signature. The signature should match with the one which you provided at the time of opening the Demat account.

If you are closing the old account, the broker will not charge any fee for this transfer otherwise the broker may charge you some amount as a transfer fee.

Online Method

The CDSL has introduced an online method for transferring securities known as EASIEST. As the name suggests it is an easy process to transfer your holdings from one Demat account to another.

You simply need to register yourself on the CDSL website under the EASIEST option by providing all the requisite details. AT the end of the registration you will come across a form with all the details. All you need to do is to take a printout of the form and submit it to your depository participant. The depository participant will send it to the depository, which will approve it after verification of the details. Once the information is verified, you will receive an email containing your login credentials.

You can now use these credentials to log in to the EASIEST portal. Once you have logged in you will see a list of all the depository participants. You can select your broker from the list and transfer your holdings and securities.

Tax Implications

Since the securities are transferred between two different Demat accounts of the same person, there are no extra tax implications on such transfers. However, the Capital Gain Tax for such securities will be calculated from the first day of the purchase of stock and will be unaffected by the transfer.

Conclusion

Transferring securities in dematerialized form is an easy process and investors can transfer their securities if they wish to change their Demat account for any reason. If you want more help an investment advisor can guide you with the process of transfer and also help you in trading by providing research-based trade recommendations.

Happy Investing!

Share Market Closing Note

20. July 2021 Sandeep Stock Market Research (0)

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Nifty ends below 15,700, Sensex falls 354 pts; metal, realty worst hit.

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Topic :- Time:3.00 PM

NSE and BSE will remain close tomorrow on the account of Bakri Id. Traders are advised not to take any short positions overnight and should stay long in the market. Nifty spot if manages to close above 15620 levels then good pullback can be seen in the market in coming sessions. This decline should be used as an opportunity to go long in the market.

Stocks to watch out for as BTST(Buy Today Sell Tomorrow:

1. GRASIM

2. DLF

3. BANKNIFTY

4. AUROPHARMA

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4970. If it breaks and trades below the 4960 levels then expect some decline in it and if it manages to trade and sustain above the 4990 levels then some upmove can be seen in it.

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Topic :- Time:2.00 PM

Nifty is trading at 15669. If it manages to trade and sustain above 15700 levels then expect some upmove and if it breaks and trades below 15640 levels then some decline can be seen in the market.

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Topic :- Time:1.00 PM

Nifty is showing some recovery. Nifty spot if manages to trade and sustain above 15680 levels then expect some sharp upmove and if it breaks and trades below 15640 levels then some decline can be seen in the market.

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Topic :- Time:12.40 PM

COPPER Trading View:

COPPER is trading at 720.40. It will find immediate resistance to upmove at 722 level. If it holds below 722 level then it is likely to fall till 716 level quite soon. Sell on every rise till it holds below 722 is recommended in it.

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Topic :- Time:12.30 PM

Future Trading View:

GRASIM Future is trading at 1566. It is facing stiff resistance at 1581-1582 levels. Once it manages to trade and hold above 1585 then it is likely to hit the 1620 level very soon. If Grasim's future fails to trade and sustain above the 1585 level then it can decline.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex drops 450 points, Nifty gives up 15,600; banks, metals skid

2. Only half of UDAN routes operational, Covid to hit scheme further: ICRA

3. Cairn Energy arbitration case: Riders to invoking sovereign immunity

4. AGR dues cannot be recomputed: Supreme Court reserves order

5. Covid-19 in numbers Cases 31,174,322 | Deaths 414,482 | Vaccination 411,846,401

6. ACC surges 7%, hits new high on strong operational performance in Q2

7. HCL Technologies dips 2% as company reports lower-than-expected Q1 results

8. Sebi, DRI probing some Adani Group firms for non-compliance of rules: Govt

9. MF industry AUM pegged to touch Rs 92 trillion by 2030

10. Retail activity at 50% of pre-Covid levels in June despite unlocking

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Topic:- Stocks under F&O ban on NSE

1. Cadila Healthcare

2. Indiabulls Housing Finance

3. NALCO

4. NMDC

5. Punjab National Bank

6. SAIL

7. Sun TV Network

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Topic:- Stocks in News

HCL Technologies: The company reported higher consolidated profit at Rs 3,214 crore in Q1FY22 against Rs 2,962 crore in Q4FY21, and revenue rose to Rs 20,068 crore from Rs 19,642 crore QoQ. The company maintained FY22 constant currency revenue growth guidance of double digits and EBIT margin guidance of 19-21 percent.

ACC: The company reported sharply higher profit at Rs 533.8 crore in Q2CY21 against Rs 268 crore in Q2CY20. Revenue jumped to Rs 3,884.8 crore from Rs 2,600.8 crore YoY.

Zen Technologies: The company secured an export order of Rs 120 crore.

Laurus Labs: Amanda Holdings Pvt Ltd & Amansa Investments Ltd sold 0.63 percent stake in the company via an open market transaction on July 15, reducing shareholding to 3.84 percent from 4.46 percent.

Jindal Stainless: Tata Steel Mining and Jindal Stainless signed MoU for a unique partnership for mining of common boundary in Sukinda, Odisha.

Nippon Life India Asset Management: The company reported higher consolidated profit at Rs 181.54 crore in Q1FY22 against Rs 156.30 crore in Q1FY21, and revenue jumped to Rs 302.27 crore from Rs 233.12 crore YoY.

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Topic:- Results on July 20

Bajaj Finance, Asian Paints, Arihant Superstructures, CRISIL, DCM Shriram, ICICI Prudential Life Insurance Company, ICICI Securities, India Tourism Development Corporation, JSW Ispat Special Products, Jubilant Ingrevia, Kohinoor Foods, Mangalam Organics, Moschip Technologies, Newgen Software Technologies, Reliance Industrial Infrastructure, Rane (Madras), Shyam Metalics and Energy, and Syngene International will release quarterly earnings on July 20.

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Topic:- Nifty Opening Note

Indian Stock Market Trading View For 20 July 2021:

Nifty to trade volatile and is likely to follow global cues. Nifty spot if manages to trade and sustain above 15800 levels then expect some up move in the market and if it breaks and trades below 15700 levels then some decline can follow in the Nifty.

Please note this is just an opening view and should not be considered as the view for the whole day.

Also read:- Get Live Indian Stock Market Tips At Sharetipsinfo

Odisha govt approves Rs 95 crore for school infrastructure development

20. July 2021 Sandeep Stock Market Research (0)

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A teacher and students, wearing hats designed for space keeper, practice social distancing to help curb the spread of the coronavirus at Ban Pa Muad School in Chiang Mai, north of Thailand, on July 3, 2020. (AP Photo/Wichai Taprieu)

A teacher and students, wearing hats designed for space keeper, practice social distancing to help curb the spread of the coronavirus at Ban Pa Muad School in Chiang Mai, north of Thailand, on July 3, 2020. (AP Photo/Wichai Taprieu)

The Odisha government-approved projects worth Rs 95 crore to develop school infrastructure in 23 districts of the state, officials said on Tuesday.

The approval was given on Monday at the 26th Executive Council meeting of Mo School Abhiyan, they said.

Alumni members along with various philanthropic organizations contributed Rs 11.56 crore for the development of the government-run schools across the state.

In addition, financial aid of Rs 20 crore was granted to Mo School Abhiyan by various CSR funds.

The council approved projects worth Rs 94.70 crore, officials said.

Meanwhile, a special academic committee was set up to recommend strategies for the academic enrichment of schools.

Article Source:- Moneycontrol

Share Market Closing Note

19. July 2021 Sandeep Stock Market Research (0)

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Tracking weak global cues, the Indian equity market benchmarks the Sensex and the Nifty50 fell over a percent each on July 19.

The 30-share pack Sensex fell 734 points while Nifty plunged to 15,707.50 in intraday trade as investors fretted about rising inflation and incessant global spread of Delta variant of coronavirus.

At close, Sensex was 587 points, or 1.10 percent, down at 52,553.40 while the Nifty settled 171 points, or 1.07 percent, lower at 15,752.40.

Midcaps and smallcaps fared relatively better than their larger peers as the BSE Midcap index closed 0.58 percent lower while the smallcap index fell 0.31 percent.

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Topic :- Time:3.05 PM

Nifty spot close above 15750 level will result in some quick recovery in coming session and if it closes below above mentioned level then some sluggish movement can be seen. Avoid short positions for tomorrow.

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Topic :- Time:2.00 PM

Nifty is declining however sharp pull back is expected in the market quite soon. Nifty spot if manages to trade and sustain above 15740 level then some upmove can be seen in the market and if it breaks and trade below 15720 level then some decline can follow

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Topic :- Time:1.50 PM

Just In:

India set to introduce sweeping changes in defence land policy for the first time in 250 years.

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Topic :- Time:1.00 PM

Nifty is declining. Nifty spot if breaks and trade below 15740 level then expect some decline in the market and if it manages to trade and sustain above 15780 level then some upmove can follow in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 727.80.If it breaks and trade below 727.00 level then expect some decline in it and if it manages to trade and sustain above 728.30 level then some upmove can follow Copper.

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Topic :- Time:12.15 PM

Just In:

Blackstone to acquire majority stake in top upskilling ed-tech firm Simplilearn.

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Topic :- Time:12.00 PM

Nifty is trading in red zone. Nifty spot immediate support is at 15800 level. If Nifty manages to hold above 15800 level then expect some bounce back in the market else nifty can witness some more decline.

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Topic :- Time:11.30 AM

News Wrap Up:

1. HDFC duo, Infy lead Sensexs 400 pts decline; Voda Idea up 3%

2. SoftBank-backed Lenskart raises $220 million as Indias tech industry booms

3. Barbeque Nation, LIC Housing face heat on independent valuation

4. LIC kicks off work on IPO allotment to policyholders

5. Covid-19 in numbers Cases 31,064,908 | Deaths 413,091 | Vaccination 399,695,879

6. Biocon controversy: Sebis insider trading laws may need an overhaul

7. Oil prices fall more than 1% after OPEC agrees to boost supply

8. HDFC Bank dips 3% as June quarter results miss Street estimates

9. Just Dial falls 5% as Reliance Retail Ventures acquires controlling stake

10. Pipe makers face margin pressure; may underperform in the near term

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 19 July,2021:

Nifty to turn volatile as the day progresses. Reliance to be eyed.

Nifty spot if manages to trade and sustain above 15960 level then expect some upmove and if it breaks and trade below 15880 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.

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