INSUBCONTINENT EXCLUSIVE:
Foreign portfolio investors (FPIs) bought Rs 1,130.78 crore worth of domestic stocks on Wednesday.ETMarkets.com|Updated: Mar 07, 2019, 08.55
AM ISTThe Supreme Court has dealt a blow to companies which cut dubious deals with shell firms to launder money and escape tax.NEW DELHI:
Asian markets were mixed this morning, and this may cause domestic stocks to take a breather following a three-day buying spree
Let us check out what all may move market all through Thursday's session:TRADE SETUP:Singapore trading sets stage for flat startNifty
futures on the Singapore Exchange were trading 3.5 points, or 0.03 per cent, lower at 11,093.50, indicating a flat start for the
Nifty50.Source: sgxnifty.orgTech view: Nifty forms small bullish candleThe support levels shifted higher, but the momentum seen in recent
time seemed to be losing steam
The index may see profit taking, as it moves towards its recent swing high at 11,118 level
To avoid it, the index needs to take out the 11,060 level soon
This level is the upper end of a rising channel, which coincides with the 89 per cent Fibonacci retracement level from the recent low of
10,585.Asian shares mixed in early tradeAsian shares were trading mixed in early trade on Thursday, with caution prevailing as investors
awaited some kind of resolution to Sino-US trade negotiations
main indexes fell for a third session, with the SP500 index posting its biggest one-day decline in a month, Reuters reported
The Dow Jones Industrial Average fell 133.17 points, or 0.52 per cent, to 25,673.46, the SP500 index lost 18.2 points, or 0.65 per cent, to
2,771.45 and the Nasdaq Composite index dropped 70.44 points, or 0.93 percent, to 7,505.92.Oil prices edge 0.2 per cent lowerOil prices
eased on Thursday, dragged down by record US crude output and rising commercial fuel inventories
US West Texas Intermediate (WTI) crude oil futures were at $56.11 per barrel, down 11 cents, or 0.2 percent, from their last settlement
Brent crude futures had yet to trade.Retail investors to bid for Endurance OFS todayThe two-day offer for sale (OFS) by Endurance
Technologies has witnessed a good response from non-retail investors, with the issue receiving bids for 2,64,23,121 shares, which was 4.61
times of the base issue size of 57,27,273 shares reserved for the category
Retail investors will bid for the issue on Thursday.IPOs can wait; most firms prefer private laneFewer Indian firms are raising money
through initial public offerings (IPOs) as strong appetite for fast-growing businesses from venture capital and private equity firms has
made them less dependent on the stressed primary market
Between 2016 and 2018, only 15 companies, all with valuations below $250 million, took the IPO route to raise funds, compared with 21 in the
2012-15 and 82 in the 2008-11 periods.FPIs buy Rs 1,131 crore worth of equitiesForeign portfolio investors (FPIs) bought Rs 1,130.78 crore
worth of domestic stocks on Wednesday, data available with NSE suggested
DIIs were net sellers to the tune of Rs 878.45 crore, data suggested.Money MarketsRupee up: The rupee rallied by 21 paise to close at 70.28
against the US dollar Wednesday 10-yr bond yields up: India 10-year bonds' yields rose 0.01 per cent to 7.57 per cent on Wednesday from 7.56
per cent over the previous trading session, according to RBI data.Call rate: The overnight call money rate weighted average was 6.15 per
cent on Wednesday, according to RBI data
hope rally to shock-proof your portfolio'MACROS Trump says China deal very nearUS President Donald Trump said on Wednesday that trade talks
Washington and Beijing have been locked in intense negotiations to end a months-long trade war
Trump, citing progress in talks, last week delayed a planned tariff increase to 25 percent from 10 percent on $200 billion of Chinese
goods.US FDA Chief's exit could impact Indian PharmaThe abrupt exit of the US FDA commissioner Scott Gottlieb after a nearly 2-year stint
under the Trump administration throws Indian pharma into uncertainty on what would be the stance of the next commissioner on generics drug
pricing, pace of approvals and regulatory inspections.Firms cutting deals to launder money face SC HeatThe Supreme Court has dealt a blow to
companies which cut dubious deals with shell firms to launder money and escape tax
Over decades, businesses have perfected the art of transferring cash to paper firms which invest or lend the funds back into the companies
highest in India among emerging and developing economies, IMF senior economist John Bluedorn said on Wednesday
"Youth inactivity is the highest in India compare to emerging and developing economies and it is about in 30 per cent," he said
A recent data compiled by Mumbai-based CMIE reportedly claimed that the unemployment rate in India rose to 7.2 per cent in February 2019
Earlier, an NSSO's draft report showed that India's unemployment rate hit a 45-year high of 6.1 per cent in 2017.India to hike Saudi
regime with the Centre giving the oil-rich nation a 40 per cent hike in quota from April 1
The move, which follows the India visit of Saudi crown prince Mohammed bin Salman last month, will make Saudi Arabia the only country within
a 5,000-km flying distance from India to have its quota increased by the Narendra Modi-led government.Top realty players post 50 per cent
sales growth in 9 mthsDespite a slowdown in the realty sector post implementation of various policy reforms like RERA and GST, 10 leading
real estate developers have recorded a 50.7 per cent growth in sales during April-December 2018, according to a report
During the first nine months (April-December) of fiscal 2019, the sales of ten large listed entities in its sample set, stood at a robust
22.4 million sqft, registering a 50.7 per cent growth over the corresponding period a year ago, ratings agency Icra said in its
report.Commenting feature is disabled in your country/region.
