Domestic net interest margin contracted 10bps sequentially and 29bps YoY to 2.85 percent in the quarter ended June 2019

Indian Bank shares rallied 6.7 percent intraday on August 6 after lower provisions and other income lifted June quarter profitability 75 percent year-on-year, but slippages remain elevated on a sequential basis.

The stock has fallen nearly 50 percent in the last one year, but August 6 gain was in addition to the 3.5 percent upside seen in the previous session. It was quoting at Rs 199.75, up to Rs 9.85, or 5.19 percent, on the BSE at 1049 hours.

Profit in the June quarter increased sharply by 74.6 percent year-on-year to Rs 365.4 crore, but net interest income fell 1.2 percent YoY to Rs 1,785.4 crore due to higher cost of funds and elevated slippages in Q1.

Slippages for June quarter stood at Rs 1,077 crore, rising 7.2 percent sequentially, though declined more than 22 percent year-on-year. Annualised slippage ratio jumped to 2.34 percent in Q1 against 2.14 percent in the previous quarter.

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Automobile major Maruti Suzuki India on Thursday reported a decline of 33.5 per cent in its total sales, including exports for July

According to Maruti Suzuki India, a total of 109,264 units were sold last month, compared to the off-take of 164,369 units recorded during the corresponding period of the previous financial year.

The company's domestic sales (domestic and OEMs) decreased by 35.1 per cent on a year-on-year basis to 100,006 units in July.

Although the total domestic passenger vehicle sales were lower by 36.7 per cent to 96,478 units on a YoY basis, the company's sales of light commercial vehicles in the country inched up 0.5 per cent to 1,732 units.

The automobile major's exports declined by 9.4 per cent in July to 9,258 units from 10,219 units which were shipped out during the corresponding month of the last fiscal.

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Indian shares ended higher on Wednesday, boosted by public sector banks and metal stocks, but recorded their worst month this year in July as the results season that began earlier this month failed to cheer investors

The broader NSE Nifty closed up 0.29% at 11,118, while the benchmark BSE Sensex ended 0.22% higher at 37,481.12.

For July, the NSE Nifty was down 5.7%, its worst since September, while BSE Sensex fell 4.9% to an eight-month low.

Public sector banks and metals were top boosts, with their indexes rising 1.73% and 2.42%, respectively on Wednesday.

India's top refiner Indian Oil Corp ended up 3.9% after the company reported a better-than-expected profit for the June quarter.

Zee Entertainment Enterprises topped the Nifty losers list, falling 5.1% and dragging the Nifty media index by 2.9%.

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Essar Bulk Terminal Ltd (EBTL), that operates the 50 million tonnes per annum (MTPA) bulk terminal in Hazira, Gujarat, on Tuesday announced a 22 per cent growth in its third-party business during the first quarter ended June, on a year-on-year basis

The company achieved an overall cargo throughput of 7 million tonnes (MT) in the first quarter of the financial year 2019-20, of which 1.1 MT was third-party cargo, the company said in a statement, adding that the share of third-party cargo in overall cargo volumes also rose to 15.7 per cent.

The statement also said that the overall cargo growth was up 2.9 per cent.

"There is a significant upswing in the region's economic activity and the Hazira terminal is well placed to capitalise on the opportunity. The focus on operational efficiencies and increase in third-party cargo will be major catalysts in fuelling future growth," it said.

Essar Ports' current operations span four terminals with a combined capacity of 110 MTPA. Having clocked a throughput of 40 MT in fiscal 2018-2019, Essar Ports is expecting to handle over 60 MT in the current financial year, it added.

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Gross slippages remained higher at Rs 4,798 crore at the end of June quarter 2019, against Rs 4,337 crore in the corresponding period last fiscal and Rs 3,012 crore in March quarter 2019

Private sector lender Axis Bank's June quarter (Q1) profit grew sharply by 95 percent year-on-year to Rs 1,370 crore, but provisioning and slippages remained higher. It was 

supported by NII, other income and operating profit.

The profitability was higher due to the low base in a year-ago period. The bank had 

reported a profit of Rs 701 crore in Q1FY19.

Net interest income increased 13 percent year-on-year to Rs 5,843.65 crore in the quarter 

ended June 2019, with 13 percent loan growth YoY.

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The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company.

Shares of real estate major DLF gained as much as 2 percent intraday on June 28 after its promoters infused Rs 2,250 crore in the company against the issuance of new equity shares.

The scrip has added as much as 6 percent in the last three days.

The new infusion came through two holding entities including Rajdhani Investments & Agencies and DLF Urva Real Estate Developers & Services which has taken the promoters’ collective stake to 74.95 percent in the company.

The DLF board has now allotted 138.1 million equity shares at Rs 217.25 each against the convertible debentures. Earlier in May, the board had issued 130 million shares at the same rate. The promoters will now have 268.1 million new equity shares in their possession since March 31 with the current infusion.

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हल्दी वायदा (अक्टूबर) की कीमतों में नरमी का रुझान बरकरार रहने की संभावना है।

इसकी कीमतों में 6,400 रुपये तक गिरावट हो सकती है। हाजिर बाजारों में सेंटीमेंट कमजोर है और स्टॉकिस्टों द्वारा मध्य और खराब वेराइटी की हल्दी की खरीदारी नही किये जाने के कारण हल्दी की कीमतों में प्रतिदिन गिरावट हो रही है। अभी तक हल्दी उत्पादन क्षेत्रों में मॉनसून अच्छा रहा है, जिससे हल्दी की उत्पादकता में बढ़ोतरी होने की संभावना है। शुरूआती आँकड़ों से पता चलता है कि इस वर्ष हल्दी का उत्पादन लगभग 75 से 80 लाख बैग होने का अनुमान है। वर्तमान समय में हल्दी का स्टॉक लगभग 28 लाख बैग है, जो वर्ष के अंत तक 5 से 7 लाख बैग तक बच सकता है। इस कारण आगामी वर्ष में हल्दी की कुल उपलब्धता लगभग 85 लाख बैग हो सकती है।

जीरा वायदा (अक्टूबर) की कीमतों में 18,500 रुपये तक नरमी रहने की संभावना है। बेहतर आवक के मुकाबले कमजोर माँग के कारण देश के प्रमुख हाजिर बाजारों में जीरे की कीमतों में गिरावट हो रही है। गुजरात के ऊंझा में जीरे की कीमतों में 15-25 रुपये प्रति 20 किलो ग्राम की गिरावट हुई है, जबकि राजस्थान में 100-150 रुपये प्रति क्विंटल की गिरावट हुई है। गुजरात के बाजारों में आवक 2,000 बैग से बढ़ कर 8,000 बैग हो गयी है।

2018-19 में कम उत्पादन अनुमान और अधिक माँग के कारण इलायची की कीमतें 17 महीने के उच्च स्तर पर पहुँच गयी हैं, लेकिन कीमतों में अभी भी बढ़ोतरी की संभावना है और कीमतें 1,450 रुपये के स्तर पर पहुँच सकती है। इडुक्की के नीलामी केन्द्र पर इलायची की कीमतें 2,000 रुपये प्रति क्विंटल के स्तर को पार कर गयी हैं। कारोबारियों को कुल उत्पादन में 60% से अधिक की गिरावट होने का अनुमान है।

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खबरों के अनुसार आईटी सेवा प्रदाता इन्फोसिस (Infosys) को अमेरिकी दूरसंचार कंपनी वेरिजॉन (Verizon) से 70 करोड़ डॉलर का ठेका मिला है।

इससे दोनों कंपनियों के बीच आउटसोर्सिंग करार 100 करोड़ डॉलर का हो गया है। दोनों कंपनियों के बीच हुए करार के तहत 01 अक्टूबर से वेरिजॉन चुनिंदा व्यावसायिक इकाइयों के अपने आईटी कार्य के कुछ घटकों के लिए इन्फोसिस से कुछ सेवाएँ लेगी।

उधर बीएसई में इन्फोसिस का शेयर 717.30 रुपये के पिछले बंद स्तर के मुकाबले 720.00 रुपये पर खुल कर 729.00 रुपये के ऊपरी भाव तक चढ़ा है। 11 बजे के करीब यह 10.55 रुपये या 1.47% की वृद्धि के साथ 727.85 रुपये के भाव पर चल रहा है। 

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AUM Capital recommends buying Infibeam Avenues with stop loss at Rs 208 and target of Rs 230, Torrent Power with stop loss at Rs 223 and target of Rs 239 and JB Chemicals with stop loss at Rs 295 and target of Rs 315.

The Nifty50 started off the week on negative note, extending losses for fifth consecutive session on Monday. The index after gap opening immediately slipped into red and closed below psychological 11,000 levels for first time since July 19, forming bearish candle on the daily charts which also resembles a ‘Bearish Beld Hold’ kind of pattern.

A ‘Bearish Belt Hold’ pattern is formed when the opening price becomes the highest point of the trading day (intraday high) and the index declines throughout the trading day making up for the large body. The candle will either have a small or no upper shadow and a small lower shadow.

Fear of liquidity crunch in NBFCs, trade tensions between US and China, rising crude oil prices and weakening rupee weighed on sentiment.

All sectoral indices closed sharply lower barring IT that gained more than 2 percent. The Nifty Midcap index has fallen more than frontline indices, declining 2.77 percent.

The Nifty50 after opening higher at 11,164.40 hit an intraday high of 11,170.15, but immediately wiped out opening gains and extended losses as the day progressed. The index has broken 11,000 levels and hit a day’s low of 10,943.60, before closing below 100-day moving average, down 175.70 points at 10,967.40.

The 50-share NSE index lost 793 points or 6.7 percent from its record high of 11,760 seen on August 28.

India VIX moved up sharply by 14.19 percent to 17.74 and it is now at highest levels in last seven months. Rising volatility with falling Put Call Ratio suggests that bears are holding the tight grip on the market, experts said.

According to Pivot charts, the key support level is placed at 10,883.93, followed by 10,800.47. If the index starts moving upwards, key resistance levels to watch out are 11,110.54 and 11,253.67.

The Nifty Bank index closed at 24,925.20, down 671.70 points on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 24,699.97, followed by 24,429.63. On the upside, key resistance levels are placed at 25,445.17, followed by 25,920.03.

Here are the top stock trading ideas which can give good returns in the near term:

Nandish Shah of HDFC Securities

Buy Axis Bank with target at Rs 645 and stop loss at Rs 570

Buy Deepak Nitrite with target at Rs 295 and stop loss at Rs 255

Sell Karnataka Bank with target at Rs 90 and stop loss at Rs 106

Rajesh Agarwal of AUM Capital

Buy Infibeam Avenues with stop loss at Rs 208 and target of Rs 230

Buy Torrent Power with stop loss at Rs 223 and target of Rs 239

Buy JB Chemicals with stop loss at Rs 295 and target of Rs 315

Buy L&T Infotech with stop loss at Rs 1850 and target of Rs 1960

Buy Voltas with stop loss at Rs 554 and target of Rs 585

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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देश की दूसरी सबसे बड़ी आईटी सेवा प्रदाता इन्फोसिस (Infosys) ने प्रमुख तकनीक कंपनी गूगल (Google) के साथ साझेदारी की है।

कंपनी यह करार क्लाउड ट्रांसफॉर्मेशन और माइग्रेशन सेवाएँ तैयार करने के लिए किया है। साझेदारी में इन्फोसिस, गूगल क्लाउड प्लेटफॉर्म (Google Cloud Platform) पर सॉल्युशंस और सेवाएँ प्रदान करेगी। साथ ही इसने आर्टिफिशियल इंटेलिजेंस और सीखने-संचालित उद्योग-विशिष्ट समाधान तैयार किये हैं, जो डाटा सप्लाई चेन और उपभोक्ता जीनोम को डिजिटाइज करने के लिए जरूरी हैं।

दूसरी तरफ बाजार में गिरावट के बावजूद इन्फोसिस का शेयर मजबूत स्थिति में है। बीएसई में इन्फोसिस का शेयर 706.30 रुपये के पिछले बंद स्तर के मुकाबले 709.00 रुपये पर खुल कर 729.95 रुपये के ऊपरी स्तर तक चढ़ा है। सवा 11 बजे के करीब यह 20.00 रुपये या 2.83% की वृद्धि के साथ 726.30 रुपये पर चल रहा है। 

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Aurobindo is now among the first few companies which has received approval for this product.

Aurobindo Pharma share price gained more than a percent in morning on Tuesday on receiving approval from South African health regulator for latest fixed dose triple combination tablets.

"Company has received approval from the South African Health Products Regulatory Authority (SAHPRA) for its Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate (DLT) tablets, 50mg/300mg/300mg, the first-line preferred regimen for HIV patients as per latest WHO guidelines," it said in its BSE filing.

Aurobindo is now among the first few companies which has received approval for this product.

"The approval further strengthens Aurobindo's HIV product basket in South Africa, which has the potential to improve the lives of millions of patients," the company said.

Prior to SAHPRA's approval, Aurobindo has received tentative approval for the drug from US Food and Drug Administration and launched in Sub-Saharan African markets as part of its commitment to bring affordable HIV drugs to millions of patients globally.At 10:28 hours IST, the stock price was quoting at Rs 796.00, up Rs 6.10, or 0.77 percent on the BSE.

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Gold prices inched lower on Tuesday as the dollar was boosted by expectations U.S. interest rate will rise this month and by worries the Sino-U.S. trade war could escalate.

Spot gold was down 0.2 percent at $1,193.07 an ounce at 0258 GMT. U.S. gold futures were mostly steady at $1,199.60 an ounce.

"With the greenback supported by expectations of higher U.S. interest rates, this may translate to nothing but further pain for gold," said Lukman Otunuga, Research Analyst at FXTM, adding that spot prices could drop to $1,185-$1,160 levels in the short- or medium-term.

Strong U.S. payrolls data last week cemented expectations that the U.S. Federal Reserve will raise interest rates in September, in what would be its third hike this year, with expectations of one rise more in December.

Higher rates increase bond yields, making non-yielding bullion less attractive, and tend to boost the dollar.

The dollar index, which measures the greenback against a basket of currencies, was up 0.1 percent at 95.236.

The dollar was also boosted after President Donald Trump last week said he was ready to impose tariffs on virtually all Chinese imports to the United States.

The rhetoric has made investors buy the dollar in the belief that the United States has less to lose from a trade war - making dollar-priced gold more expensive for non-U.S. buyers. [FRX/]

Gold prices have fallen 12.6 percent from a peak in April as the metal has lost its safe-haven appeal compared to the U.S. dollar, driving investors to raise their bearish bets on Comex gold and liquidate gold exchange traded funds.

"If a full-blown trade war (between the U.S. and China) becomes reality and global growth ends up taking a hit, risk aversion may skyrocket ultimately sending investors back to gold," Otunuga said.

Gold prices have been trading within a $20 range for the past 10 sessions.

The yellow metal is finding strong resistance at $1,200, with investors selling into any rallies that threaten to push it above that level, ANZ analysts said in a research note.

In other precious metals, spot silver was down 0.3 percent at $14.12 an ounce, platinum rose 0.4 percent to $785 an ounce. Palladium was down 0.1 percent at $975 an ounce, after hitting its highest in nearly 12 weeks at $991.15.

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Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices. At the MCX, cardamom futures for October 2018 contract was trading at Rs 1469.90 per kg, up by 1.55 per cent, after opening at Rs 1470, against a previous close of Rs 1447.50. It touched the intra-day high of Rs 1470

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Pharma stocks like Divis Labs, Stride Pharma, Lupin, Ajanta Pharma and Dr Reddy’s Labs will get astrological support for the week, says Satish Gupta of astrostocktips.

Weekly planetary position: During the week, Moon will be transiting in Virgo and Libra. Lord Saturn in Sagittarius. Venus and Lord Jupiter in Libra. Lord Ketu and Mars in Capricorn. Lord Rahu in Cancer. Sun and Mercury in Leo. Pluto in Sagittarius. Neptune in Aquarius and Uranus in Aries.

Following sectors will be receiving astrological support:

NBFC: Bajaj Finance, Cholamandalam Investment, Bajaj Finserv, Shriram Transport, etc.

Tyre: Balkrishna Industries, Ceat, Apollo Tyres, etc.

Hospital: Apollo Hospitals, etc

Cigarettes: Godfrey Phillips, etc

Pharma: Divis Labs, Stride Pharma, Lupin, Ajanta Pharma, Dr Reddy’s Labs, etc

Technology: Wipro, HCL Tech, Tata Elxsi, Tech Mahindra, KPIT Tech, etc will also be receiving astrological support.

Predicting bullish sectors of current Samvat 2075

Every year with commencement of new Samvat (Hindu New Year), astrologically, based on planetary position, certain new sectors start getting strong astrological support and start outperforming, while some others sectors which were performing earlier start underperforming. Some sectors/stock remains laggard. Stocks of astrological supported sectors outperform resulting in exorbitant gains irrespective of market behaviour, either bull market or bear market.

Every year we release sectors of new Samvat in the month of March/April when new Samvat starts. This time new Samvat started from March 18, 2018.

We firmly believe that these special astrological positions present very unique opportunities to investors and traders both. This opportunity, if utilised properly, can safeguard your existing portfolio and simultaneously optimize your future investments and trading also. Successful investing and trading is all about good timing only.

Needless to mention our innumerable past predictions, where most stocks from the Sectors of Samvat gave exorbitant returns & certain stocks appreciated by over 500 percent.

After gap of many years, sugar sector started getting astrological support in the year 2015 and many stocks i.ie; Dwarikesh Sugar, Mawana Sugar, Upper Ganges, Uttam Sugar, etc shot up by 500 – 900 percent. In the year 2016 dyes/chemicals sector got astrological support and stocks like Bhageria Industries, Thirumalai Chemicals, Sudarshan Chemicals, etc were up by 490- 650 percent.

During last Samvat 2074 (2017-2018), among other sectors - food processing sector was predicted, which received strong astrological support. Many stocks from this sector appreciated exorbitantly.

Sectors which get very strong astrological support are not normally affected by downfall in the market.

Sectors which get strong astrological support also start getting favourable news along with all kind of positive support by regulatory authorities in that industry, resulting in strong growth and super positive results. Most of problems also start resolving.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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The bank and Kochhar have been maintaining there has been no regulatory violation on their part and that she was not aware of specific business dealings of her husband.

Capital markets regulator Sebi may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband with regard to a probe into alleged regulatory lapses with regard to his business dealings, officials said Sunday.

Besides, some other top officials of the bank, as also from Videocon, which allegedly benefitted due to its association with Kochhar's husband, are also likely to be called for their personal hearings regarding charges against them that may lead to the bank and its embattled chief being slapped with several crores of rupees in fines and other penal actions including ban from markets and directorships.

According to top officials, the multi-agency probe into ICICI Bank and business dealings of the Kochhar family will also be discussed by Sebi's board next week as it has been felt that coordinated efforts are required to be taken by Sebi, RBI and the government in this case due to its systemic importance.

The bank and Kochhar have been maintaining there has been no regulatory violation on their part and that she was not aware of specific business dealings of her husband.

The board of Sebi has got representatives from the finance and corporate affairs ministries as well as the Reserve Bank, besides its own whole time members and independent members.

Among others, this case is already being looked into by the RBI and the Corporate Affairs Ministry.

The Securities and Exchange Board of India (Sebi) had earlier issued show cause notices to ICICI Bank, Kochhar and others after its preliminary examination favoured initiating adjudication proceedings against them for alleged violation of listing disclosure norms regarding 'conflict of interest' in business dealings of her husband with Videocon Group.

Kochhar is believed to have maintained that she had no information about her husband's business dealings, while the bank has also given similar replies.

However, the regulator is of the view that Kochhar or the bank cannot feign ignorance in this matter as they have been regularly listing the name of her husband Deepak Kochhar as a 'related party' in the regulatory filings of the company, including in the latest annual filing submitted to the US markets regulator SEC, which is incidentally also probing the case, officials said.

The bank has maintained the same stance in its submissions to the SEC as well, officials added.

While the US regulator may eventually agree to settle the matter on payment of some settlement fees, officials said it is unlikely to be the case here in India even though the bank has indicated such a willingness to both the regulators.

The bank is being probed for a number of serious allegations including about disclosure lapses regarding business dealings of the CEO's husband and brother-in-law that are suspected to be directly or indirectly linked to the bank or its big borrowers, officials said.

The regulator may soon issue summons for personal hearings of Kochhars and others over the next few weeks, they said.

ICICI Bank may face a penalty of up to Rs 25 crore under the relevant Sebi regulations for such lapses, while the fine for Kochhar may go up to Rs 10 crore, besides other penal actions, a senior official said.

On its part, ICICI Bank's board has also constituted an "independent enquiry" and Kochhar has gone on leave till completion of this enquiry.

While Kochhar remains MD and CEO, the group's life insurance business head Sandeep Bakshi has been appointed as a whole time director and COO to handle day-to-day operations of the bank. Bakshi reports to Kochhar officially.

The bank has maintained that its board has full faith in Kochhar.

As per Sebi's preliminary probe, Chanda Kochhar's husband Deepak Kochhar has had many business dealings with Videocon Group over the last several years.

Besides, Deepak Kochhar and Videocon chief Venugopal Dhoot were co-founders and promoters of NuPower, besides other associations.

The cases under scanner include the significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of Kochhar's family members in the restructuring of that loan. Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to certain entities.

Among other agencies, the CBI is also probing the case.

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The global research firm highlighted how the macro situation is still favourable amid strong execution by the firm as well.

Shares of Bharat Forge were higher by 3 percent on Thursday morning as investors cheered Credit Suisse’s maintaining outperform rating on the stock with a target of Rs 750.

The stock touched an intraday high of Rs 681.95 and an intraday low of Rs 669.70.

The global research firm highlighted how the macro situation is still favourable amid strong execution by the firm as well.

With the depreciation in rupee, it reckons that companies exporting to developed markets will benefit. It also observed that 60 percent of the revenues come from exports to the US and Europe.

On the crude price movement, the brokerage expects it to benefit from bullish prices as well as oil & gas accounts for over 10 percent of revenues in the firm.

The stock gained five percent in the past one month, while in the past three days, it rose over a percent. At 10:04 hrs Bharat Forge was quoting at Rs 677.20, up Rs 13.90, or 2.10 percent, on the BSE.Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Gold slipped on Tuesday as concerns over an escalating trade war between the United States and China battered emerging market currencies and prompted investors to seek perceived safety in the dollar.

A stronger greenback makes dollar-priced gold costlier for non-U.S. investors.

The U.S. dollar index rallied as the public comment period on a U.S. proposal for new tariffs on Chinese goods is set to end on Thursday, after which Washington can follow through on plans to impose tariffs on $200 billion more of Chinese imports.

Emerging market currencies such as the Argentine peso, Turkish lira, South African rand, Brazilian real, Indonesian rupiah and Indian rupee sank as investors fear these export-oriented economies will be caught in the escalating trade war.

The dollar's status as the chief reserve currency makes it the primary beneficiary of trade conflicts.

"As long as the dollar focus remains strong, upside potential seems limited (for gold)," said Saxo Bank's head of commodity strategy Ole Hansen.

He added, however: "I don't really see a new low in gold (either). The Chinese yuan has been major driver for weakness (in gold) and it has stabilized over the past couple of weeks after the central bank signaled they're prepared to stabilize it."

Spot gold lost 0.6 percent at $1,193.78 an ounce by 1:33 p.m. EDT (1733 GMT), earlier sinking to $1,189.20, a 2-1/2-week low. U.S. gold futures for December delivery fell $7.50, or 0.6 percent, at $1,199.20 per ounce.

Silver hit a 2-1/2 year low of $13.97 an ounce, later partly recovering to trade 2.2 percent down at $14.14.

"We're trying to carve out the bottom here. There's a lot of short exposure," said Ryan McKay, commodities strategist at TD Securities.

Gold has lost about 8 percent this year amid rising U.S. interest rates, trade disputes and the Turkish currency crisis, with investors parking their money in the dollar.

"Gold and silver should bottom out at the current level as they should attract physical buying amid ongoing festival season in India. Dull economic activities may result in some safe haven buying in China," said Vandana Bharti, assistant vice president of commodity research at SMC Comtrade Ltd.

Gold could find support around $1,180 per ounce, McKay added.

Platinum was down 1.40 percent at $772.50 per ounce, earlier hitting $761.80, its lowest since Aug. 16. Palladium was down 0.2 percent at $980.05 per ounce, earlier hitting a nearly 3-month high of $988.47.

(Additional reporting by Nallur Sethuraman in Bengaluru; Editing by David Evans and Rosalba O'Brien)

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वन97 कम्युनिकेशंस (One97 Communications) की सहायक कंपनी पेटीएम मनी (Paytm Money) ने म्यूचुअल फंड (Mutual Fund) के लिए ऐप्प पेश कर दी है।

खबर है कि कंपनी ने अगले 3-5 सालों में 2.5 करोड़ लोगों को म्यूचुअल फंड बेचने का लक्ष्य रखा है। पेटीएम मनी ने टीयर 2 और 3 शहरों के निवेशकों को लक्षित करने के लिए कुछ योजनाओं में न्यूनतम 100 रुपये की एसआईपी (SIP) रखी है।

गौरतलब है कि पेटीएम मनी ने म्यूचुअल फंडों के डायरेक्ट प्लान पेश करने के लिए 25 संपत्तियों प्रबंधन कंपनियों के साथ करार किया है। कंपनी का दावा है कि 8.50 लाख उपभोक्ता इसके प्लेटफॉर्म पर पंजीकरण करवा चुके हैं, जिनमें 65% लोग देश के प्रमुख 15 शहरों के अलावा दूसरे शहरों के हैं।

वन97 कम्युनिकेशंस ने भी पेटीएम मनी में चालू वित्त वर्ष की समाप्ति तक 1 करोड़ डॉलर के निवेश का ऐलान किया है। यह रकम तकनीक, उत्पादों के विकास, डिजाइन, इंजीनियरिंग और पूरे संचालन की स्थापना के लिए किया जायेगा। 

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buying CESC with stop loss at Rs 998 and target of Rs 1035, Kajaria Ceramics with stop loss at Rs 467 and target of Rs 482 and Wipro with stop loss at Rs 300 and target of Rs 320.

The Nifty which started on a positive note failed to hold on to momentum and breached its 5-day exponential moving average in September 3. The index closed below its crucial support placed at 11,600 and made a robust bear candle on daily charts which resembles a Bearish Belt Hold kind of pattern.

The Nifty index found support at 13-day exponential moving average (EMA) before closing the day at 11,582, down nearly 1 percent from the previous close of 11,680.

Traders are advised to tread with caution and use rallies to create short positions. The short-term trend will favor bears as long as Nifty trades below 11,760 levels suggest experts.

India VIX spiked up by 6.29 percent at 13.39 and a sudden jump in volatility is a cause of concern for immediate basis.

According to Pivot charts, the key support level is placed at 11,515.87, followed by 11,449.43. If the index starts moving upwards, key resistance levels to watch out are 11,700.27 and 11,818.23.

The Nifty Bank index closed at 27,819.5 on Monday. The important Pivot level, which will act as crucial support for the index, is placed at 27,663.54, followed by 27,507.57. On the upside, key resistance levels are placed at 28,089.33, followed by 28,359.17.

Here are the top stock trading ideas which can give good returns in the near term:

Vinay Rajani of HDFC Securities

Sell Escorts with target at Rs 777 and stop loss at Rs 880

Buy Engineers India with target at Rs 148 and stop loss at Rs 127

Buy Wipro with target at Rs 335 and stop loss at Rs 293

Rajesh Agarwal of AUM Capital

Buy CESC with stop loss at Rs 998 and target of Rs 1035

Buy Kajaria Ceramics with stop loss at Rs 467 and target of Rs 482

Buy Wipro with stop loss at Rs 300 and target of Rs 320

Buy JK Paper with stop loss at Rs 158 and target of Rs 172

Buy Gujarat Fluoro with stop loss at Rs 809 and target of Rs 860

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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स्टेट बैंक ऑफ इंडिया (State Bank of India) ने अपनी अलग-अलग अवधि वाले ऋण पर एमसीएलआर में 20 आधार अंकों की वृद्धि की है।

इस दर को बेंचमार्क ऋण दर भी कहा जाता है। एमसीएलआर में बढ़ोतरी से आवास, वाहन और अन्य ऋणों पर उपभोक्ताओं को अधिक ब्याज देना होगा। बैंक ने एक दिन और एक महीने की अवधि के लिए एमसीएलआर 7.9% से बढ़ा कर 8.1%, एक वर्ष के लिए 8.25% से 8.45% और तीन वर्ष की अवधि के लिए 8.45% से बढ़ा कर 8.65% कर दी।

दूसरी तरफ आज बीएसई में स्टेट बैंक का शेयर 308.65 रुपये के पिछले बंद भाव की तुलना में 312.00 रुपये पर खुल कर हरे निशान में बना हुआ है। साढ़े 11 बजे के आस-पास बैंक के शेयरों में 2.15 रुपये या 0.70% की वृद्धि के साथ 311.00 रुपये के भाव पर कारोबार हो रहा है।

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