Media reports suggested that the company, along with Reliance Jio and Bharti Airtel, may not bid for 5G spectrum

Shares of Vodafone Idea tumbled 6 percent intraday on August 28. The scrip has been trading in the red from the past two sessions.

Shares of the telecom major have been performing poorly since it came into existence after the merger of Vodafone India and Idea Cellular in 2018. Year-to-date, the stock had lost about 77 percent of its market value on the BSE.

As per the quarterly revenue data from the Telecom Regulatory Authority of India (Trai) compiled by SBICAP Securities, the company posted a sequential decline in revenues in June quarter, while competitors Bharti Airtel and Reliance Jio Infocomm reported notable expansions, daily Mint reported.

Based on adjusted gross revenues, including receipts from long-distance services, Vodafone Idea’s market share dropped from 32.1 percent in the quarter ended March 2019 to 27.8 percent in the last quarter. Two years ago, the combined market share of Vodafone India and Idea Cellular stood at 42.5 percent, the report added.

As per a report by brokerage Kotak Institutional Equities, Vodafone Idea’s debt and deferred spectrum repayment schedules, basis the company’s FY2019 annual report, suggests a need for another round of equity infusion as early as 2Q/3QFY21E unless there is a quick and steep recovery in ARPU or fibre sale closes and fetches upwards of Rs 10,000 crore or some of the debt due for repayment is refinanced or capex credit increases by a sum materially higher than the Rs 6,000 crore.

Meanwhile, media reports suggested that the company, along with Reliance Jio and Bharti Airtel, may not bid for 5G spectrum, citing high cost and limited availability of the airwaves.

shares of Vodafone Idea traded 3.40 percent down at Rs 5.12 on BSE.

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OYO Hotels and Homes on Monday held the first meeting of its Partner Advisory Council here which discussed on evolving the relationship between OYO and its asset owners

"In the first meeting of the Partner Advisory Council held in Delhi, members stressed on the need to continually evolve the relationship between OYO and its asset owners and how the council would act as a crucial forum for discussion on relevant matters and programmes for asset owner advancement," a statement from the company said.

The meeting established the broad objectives of the council, chiefly, advising OYO on working with its asset owners for both the growth of their business and for jointly realising the potential of the hospitality industry in India.

Aditya Ghosh, CEO of OYO India & South Asia said: "By identifying key areas of improvement and closing plan of actions quickly for activities such as provisioning dedicated hotel management resources, improving brand awareness for mid-market brands and investing in quality checks aggressively, a lot of progress has been made already and we will look to share updates as well as highlight areas for further improvement in our next meeting in September."

The 'Partner Advisory Council' is part of the initiative 'OYO Partner Engagement Network' (OPEN). 

Under OPEN, OYO has launched a slew of initiatives including a dedicated microsite, Co-OYO app for asset owners, 'Cash in Bank' business advances and a pan-India Partner Privilege Programme to reward and recognise top-performing hotel owners, the statement said.

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Selling life insurance has never been easy, but getting investors to buy their stocks is becoming all too easy for life insurers. A booming business and a growing market share have led to big gains for the three listed life insurance companies in India

Shares of HDFC Life Insurance Co. Ltd and SBI Life Insurance Co. Ltd has surged 33.59% and 37.37%, respectively, so far this year. Even ICICI Prudential Life Insurance Co. Ltd hasn’t fared badly, with returns of 19.14%, although its growth in the past two quarters has been wanting. In comparison, the Nifty Financial Services index has risen about 4.27% in 2019.

There are several factors that seem to have worked for life insurance companies. But, Nomura Financial Advisory and Securities (India) Pvt. Ltd highlighted the main reason.

“Private insurers (excluding ICICI Prudential Life) continue to deliver robust growth in spite of volatile markets; this, coupled with increasing protection share in the business mix, justifies the re-rating in the last four months, in our view," it said in a note to clients.

In the first four months of FY20, private sector insurers saw 23% new business growth in retail, in terms of annualized premium equivalent, even as the overall industry growth was 15%, primarily due to Life Insurance Corporation of India’s (LIC’s) 5.5% growth.

This growth was led by non-participatory and annuity products.

Aggressive marketing of term plans in the past two years has helped HDFC Life and even its peer's corner market share from the country’s largest life insurer, LIC.

“Shrinking profitability of the linked business has made it a mere revenue driver, edging players to move towards non-linked products (protection, annuities and return-guarantee) for profitability," said Jefferies India Pvt. Ltd in a note.

The growth in retail insurance sales of non-participatory products has made the portfolio of life insurers more stable and increased margins.

Life insurance stocks are likely to continue to enjoy investor attention over the next few quarters, too, though analysts warned that the profitability metrics may have peaked for some firms.

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Damani sold 40 lakh shares of Avenue at Rs 1,404.10 per share, as per bulk deals data available on the BSE on August 9

Avenue Supermarts, the operator of D-Mart retail chain August 9 said Founder Radhakishan Shivkishan Damani has completed the sale of 0.998 percent stake in the open market to adhere to minimum public shareholding norms.

The stock closed at Rs 1,452.85, up to Rs 22.55, or 1.58 percent on the BSE on Friday.

"Promoter, Radhakishan Shivkishan Damani, has completed the sale of 62.3 lakh equity shares of the company (constituting 0.998 percent of the paid-up equity share capital), on August 9, in compliance with the requirements of SEBI regulations in the process of achieving minimum public shareholding," the company said in its BSE filing.

As per the minimum public shareholding rule, every company has to have at least 25 percent public shareholding.

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Indian stock markets staged a sharp recovery on Friday amid a buzz that the Prime Minister's Office was set to intervene in order to arrest the prolonged fall in the stock markets partly caused by the tax on the super-rich proposed in the Union Budget

However, no such announcement was made until late evening. This begets the question as to how and when the government will act to reverse the damage caused by the exodus of foreign funds as only 3 parliamentary sessions are left before the close of the Budget session.

One way could be the route of an ordinance, which has been used extensively by NDA-2 for taking various big-ticket decisions. The ordinance gives six months life to a proposal within which time either the plan has to be ratified by Parliament or ordinance is re-promulgated. 

Experts believe that this route will give enough time to the government to think all over its budget proposal to provide relief to a big segment of FPIs. 

The most likely course of action to correct the new super-rich tax burden on FPIs is to provide one-time tax-free transfer of shares to special purpose vehicles (SPVs). The other move could be a mechanism of self-declaration by FPIs. 

FPIs have off-loaded equities worth over Rs 2,500 crore from the Indian capital markets since July 1, which has partly caused the equity indices to shed heavily during the same period.

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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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Crude oil trading range for the day is 3814-3970

Crude oil gained as supply risks are still a concern as tensions remained high around the Strait of Hormuz. Tuesday, July 30,2019

Russian oil production has recovered to an average of 11.099 mbpd in the period July 1- 25, up from 11.05 million bpd for July 1-21.

But growth outside the U.S. is slowing faster, due partly to the impact of the U.S.-China trade war.

U.S. energy companies last week reduced the number of oil rigs operating for a fourth week in a row, putting the rig count down for an eighth consecutive month.

SELL CRUDEOIL AUG 2019 @ 3900 SL 3940 TGT 3860-3820.MCX

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He said the current correction will provide a good entry point for quality names that were too expensive until now.

While it is difficult to predict exactly if this is the bottom or there is more to it, what these corrections have done, is to remove a lot of froth in valuation in several companies, Harendra Kumar, Managing Director, Institutional Equities, Elara Capital, told Moneycontrol in an interview.

Q: What is your view on market correction triggered by worries over liquidity crunch in the debt market. Has the market reached a bottom yet?

The situation in debt market is due to specific reasons and as such the rub-off would have been limited to financials and rate sensitives at best. Having said that, elevated valuations were a concern for sometime now.

While it is difficult to predict exactly if this is the bottom or there is more to it, what these corrections have done, is to remove a lot of froth in valuation in several comp

We believe this will provide a good entry pointfor quality names that were too expensive until now.

Q: Do you plan to rework your Sensex or Nifty targets given the fresh negative cues?

Back in June last year, we had given a calendar year-end target of 10,900 for Nifty and we do not plan to rework on this at this time as it balances the positives and negatives at play.

If you look at the markets, while the global macro environment continues to remain challenging amidst a) continuing trade war concerns, b) protectionist rhetoric from US (threatening to withdraw from WTO), c) elevated crude prices and d) declining economic growth outlook in Japan, France, Brazil and South Africa, cushion for the markets could come from improving earnings outlook (4.0 percent upgrade in FY20 earnings), and sharply improved GDP (8.2 percent Q1FY19) with robust contributions from agriculture (5.3 percent Q1FY19) and manufacturing (13.5 percent Q1FY19).

Q: Brent crude futures rallied sharply to move close to 4-year highs. Do you think it can inch closer to $90/barrel?

The current elevation in oil prices is a reflection of global concern around budget constraints in OPEC leading to uncertainties in production and impact of sanctions on Iran and its effect on supply.

Internally, we are working with an assumption that crude will not breach $90/barrel level.

We also believe weakness in emerging market currencies, impact of the last rally in oil prices, impact of sanctions on Iran and rising trade uncertainties are all potential risks to oil demand-growth, providing price cushion.

Q: What is your view on the debt crisis in India. Is there a risk the market tightness & risk aversion could continue to spill over into equity market?

The current situation is a result of a unique combination of an unexpected default in short term paper by a key player coming at a time when companies need liquidity for advance tax payments, the result of which has given rise to increase in yield expectations.

As such, we expect the situation to improve a bit over the next month. In terms of spill over into equity markets. Obviously NBFCs will be affected by this, but beyond that, we don't expect further spill over effects. Impact on rate sensitive sectors like auto will be temporary.

Q: What's the call on NBFCs now as stocks are still under pressure?

We believe that NBFCs with more reliance on short term funds will continue to feel the pain – this includes all HFCs, but expect AFCs to be better than HFCs as they have more long-term financing component.

A recent analysis suggest growth and collections for commercial vehicle financers remain healthy which will provide support, in my view.

Q: What would you buy in this market decline and what is your preferred list in terms of sectors and stocks?

We conducted an analysis of key fundamental factors that work during varying market cycles and found that companies that are high quality (high ROCE/ROE), lower on leverage (Median or lower), low beta tend to outperform in times of market correction.

I believe in the current environment investors will be seeking the safety of high quality and high earnings visibility companies and expect quality and growth to continue to outperform.Extending our preference of high quality and growth to sectors, we prefer IT at this point. We have reduced Consumer staples to equal weight in our model portfolio due to elevated valuations. Given continuing business challenges (FDA), our approach to pharma is selective.

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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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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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हल्दी वायदा (सितंबर) की कीमतों में 6,400 रुपये तक गिरावट हो सकती है।

महाराष्ट्र और निजामाबाद में भारी बारिश जारी है, लेकिन यह बारिश फसल के लिए काफी लाभकारी है। जीरा वायदा (सितम्बर) की कीमतों के 18,950-19,400 रुपये के दायरे में सीमित दायरे में कारोबार करने की संभावना है। 3 से 10 सितंबर तक गुजरात के प्रमुख बाजारों के बंद रहने के कारण खरीदार और बिक्रेता बाजार में सक्रिय नही हैं। दूसरी ओर चीन की ओर से निर्यात माँग कम है, जबकि स्टॉकिस्ट अधिक कीमतों पर खरीदारी नही करना चाहते हैं, जिससे कीमतों पर दबाव रह सकता है।

इलायची वायदा (अक्टूबर) की कीमतों को 1,440 रुपये के स्तर पर अड़चन रह सकती है और कीमतों की बढ़त पर रोक लगी रह सकती है, क्योंकि सितंबर में दूसरे दौर के फसल की कटाई होगी और ऑक्सन केन्द्रों पर आवक में बढ़ोतरी होगी। सउदी अरब द्वारा आयात पर रोक के कारण अधकि कीमतों पर निर्यात माँग में कमी बनी हुई है। मौजूदा सीजन में अभी तक कुल 2,023 टन इलायची की आवक हुई है और लगभग 1,996 टन इलायची की बिक्री हुई है।

धनिया वायदा (सितंबर) की कीमतों के 4,650-4,850 रुपये के दायरे में कारोबार करने की संभावना है। मध्य प्रदेश के प्रमुख बाजारों में बेहतर आवक और औसत खरीदारी के कारण सामान्य कारोबार हो रहा है। आगामी त्योहारी सीजन के दौरान भारतीय धनिया की माँग में बढ़ोतरी हो सकती है, जिससे कीमतों को मदद मिल सकती है। 

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suggests buying Balrampur Chini with a stop loss of Rs 76 and target of Rs 81, Bosch with a stop loss of Rs 20,900 and target of Rs 22,000 and Cadila Heathcare with a stop loss of Rs 412 and target of Rs 445.

The Nifty50 opened sharply higher but wiped out all gains in afternoon as the rupee breached 72 a dollar for the first time on Thursday. The index managed to rebound in the last couple of hours of trade and closed higher after three-day consecutive fall.

The Nifty hold on to its crucial support placed at 11,500 levels and made a small bullish candle which looked like a 'Hammer' like pattern on daily charts.

The Nifty50 started off day on a strong note at 11,514.15 but volatility caused due to further weakness in rupee pulled the index down to intraday low of 11,436.05. It managed to recoup those losses in later part of the session and hit day's high of 11,562.25 following recovery in currency from all-time low. The index finally closed 59.90 points higher at 11,536.90 but the rupee ended at record closing low of 71.9875, down 23 paise.

India VIX move up by 1.02 percent to 13.79. Pause in the VIX after the sharp spurt of 10 percent indicates some consolidation could be seen with support zones, experts said.

According to Pivot charts, the key support level is placed at 11,461.2, followed by 11,385.5. If the index starts moving upwards, key resistance levels to watch out are 11,587.4 and 11,637.9.

The Nifty Bank index closed at 27,468.70, up 92.65 points on Thursday. The important Pivot level, which will act as crucial support for the index, is placed at 27,292.34, followed by 27,115.97. On the upside, key resistance levels are placed at 27,598.94, followed by 27,729.17.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns: 

Buy Torrent Power with a stop loss of Rs 260, target of Rs 274

Buy Divis Laboratories with a stop loss of Rs 1300, target of Rs 1365

Buy Granules India with a stop loss of Rs 119, target of Rs 126

Sell Sun TV Network with a stop loss of Rs 705, target of Rs 680

Sell Maruti Suzuki with a stop loss of Rs 8800, target of Rs 8650

Buy Cipla with target at Rs 675 and stop loss at Rs 650

Buy Havells India with target at Rs 700 and stop loss at Rs 660

Buy Reliance Industries with target at Rs 1300 and stop loss at Rs 1228

Sell Idea Cellular with target at Rs 40 and stop loss at Rs 48

Buy Balrampur Chini with a stop loss of Rs 76 and target of Rs 81

Buy Bosch with a stop loss of Rs 20,900 and target of Rs 22,000

Buy Cadila Healthcare with a stop loss of Rs 412 and target of Rs 445

Sell Cholamandalam Investment with a stop loss of Rs 1430 and target of Rs 1350

Buy Cipla above Rs 665 with stop loss of Rs 659 and target of Rs 680

Disclaimer: The views and investment tips expressed by investment experts on CNBC-TV18 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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On the higher side, call writing at 11,700-11,800 will act as stiff resistance zone for the index and a close above 11,800 will only negate bearish view on indices.

The mounting concern of falling Indian Rupee (INR) against the US Dollar along with the rising bond yields put tremendous pressure on Indices. As a result, Nifty nosedived sharply this week and slipped below 11,400-mark in Wednesday’s session.

Subsequently, Nifty saw a decent pullback and managed to reclaim 11,500-mark on Thursday.

Looking at the daily line chart, the index broke the previous swing high of 11,470 in Wednesday’s session but on a closing basis, it managed to rebound and hold 11,470 which led to decent pullback on Thursday.

Now, the recent swing low of 11,393 will act as an immediate support and a break below 11,393 will pull index lower towards 11,340 – 11,235 levels respectively which is a crucial support zone.

Whereas, on the higher side, 11600 – 11650 will act as a strong resistance in coming trading session. However, in the short-term market outlook remains weak and any pullback move towards 11600-11650 can be used to initiate fresh short positions with immediate targets of 11400 and below that Nifty can correct by another 150-200 points.

On the higher side, call writing at 11700-11800 will act as stiff resistance zone for the index and a close above 11,800 will only negate bearish view on indices.

Here is a list of top three stocks which could give 6-14% return in the next 15-21 sessions:

Tata Motors Ltd: Buy around Rs 270| LTP: Rs 269| Target: Rs 305| Stop Loss: Rs 254| Return 14%

Looking at the daily chart, the stock has formed a strong base near 250 levels and is trading in a narrow range. As a result, it has formed an inverse head & shoulder pattern on the daily chart.

The said pattern will be activated if Tata Motors starts sustaining above 275. The daily Bollinger band has contracted significantly and indicates the period of low volatility.

Considering the above technical evidence, we recommend traders to buy this stock at the current level of 270 with a price target of 305. A Stop loss should be placed at 254 on a closing basis.

Dr Reddy's Laboratories Ltd: Buy around Rs 2580 - 2530| LTP: Rs 2567| Target: Rs 2760| Stop Loss: Rs 2460| Return 7%

On the weekly chart, Dr. Reddy’s has formed a ‘Descending Triangle’ pattern and off late stock breached the upper band of the triangle pattern. The break out of the said pattern was supported by the weekly RSI (14) which entered well inside the 60 levels.

The weekly 9-45 EMA on price has signaled positive crossover which supports our hypothesis. Hence, we advocate traders to buy Dr. Reddy in a range of Rs 2,580 to Rs 2,530 with an upside price target of Rs 2,760. A stop loss should be placed at Rs 2,460.

Jubilant FoodWorks Ltd: Sell Around 1435 - 1450| LTP: Rs 1417| Target: Rs 1330| Stop Loss: Rs 1495| Time frame 15 to 21 trading session| Return 6%

Jubilant FoodWorks has been in a strong uptrend since several months and in that optimism, the stock hit a record high of 1578. Subsequently, it saw profit booking and stock slide below 1400.

Due to the sharp profit booking, the stock broke the upward sloping pattern drawn on the daily chart. Subsequently, stock saw pullback during Thursday’s trading session but the up move got resist near 1450 – 1460 which was a breakdown point of channel pattern.

On the weekly chart, we are seeing complex bearish divergence. Combining the above technical parameters we recommend traders to build a short position in a range of Rs 1435 to Rs 1450 with a price target of Rs 1330. A stop loss should be placed at Rs 1495.

Disclaimer: The author Head of Technical Research, Way2Wealth Brokers Pvt. Ltd. The views and investment tips expressed by investment expert on Moneycontrol.com are his 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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Gold prices rose on Wednesday from an 11-day low as the U.S. dollar eased from its recent rally.

Gold has fallen 1.5 percent from an Aug. 28 high as currency weakness in emerging markets and concerns over global trade disputes strengthened the dollar, making bullion more expensive for buyers with other currencies.

The greenback slipped on Wednesday after a report that Germany would be ready to accept a less detailed agreement on the UK's future economic and trade ties with the EU in a bid to get a Brexit deal done. That boosted the pound and the euro.

With gold still close to a 1-1/2 year low of $1,159.96 an ounce touched last month, there is little room for prices to fall, Julius Baer analyst Carsten Menke said.

"Gold is showing signs of bottoming," he said.

Spot gold gained 0.5 percent to $1,196.40 per ounce by 1:39 p.m. EDT (1739 GMT), after falling on Tuesday to $1,189.20, the lowest since Aug. 24.

U.S. gold futures for December delivery settled up $2.20, or 0.2 percent, at $1,201.30 per ounce, with the dollar down against a basket of major currencies.

Gold has tumbled more than 12 percent from a peak in April as the dollar rose to 14-month highs and investors turned against the metal.

An 8 percent, or 4.6 million-ounce, drop in the holdings of gold-backed exchange traded funds has also pressured the price of gold since late May, while bets by hedge funds and money managers on lower prices on the Comex exchange exceeded bets on higher prices by the most on record last month.

Such negative positioning means speculators will struggle to push prices much lower, Menke said, adding, however, that without a weaker dollar, gold would find it difficult to rise.

Trade concerns continue to support the greenback, with a deadline looming in the U.S.-China trade dispute and a refusal by Canada to bow to key U.S. demands in its trade talks with Washington.

Technical and momentum indicators were gold-positive, but the technical picture would remain mixed unless gold closes above $1,200.70, ScotiaMocatta analysts said.

"If we could see it break $1,215, that to me would be evidence that the sentiment on gold and the dollar is starting to turn," said Matthew Badiali, senior research analyst at Banyan Hill Research.

Meanwhile, spot silver rose 0.6 percent to $14.16 per ounce after falling to its lowest since January 2016 at $13.97 in the previous session.

Platinum gained 1.1 percent to $784.20 per ounce, while palladium declined 0.7 percent to $973.50 after touching an 11-week high of $988.47 on Tuesday.

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The Cotton Association of India (CAI) and the Bombay Stock Exchange (BSE) Wednesday signed an agreement to develop the futures trading platform for cotton. Under the memorandum of understanding (MoU), CAI and BSE will jointly develop a user-friendly cotton exchange to cater to the hedging needs of the entire cotton value chain in the country, which will be effective for the next five years, an official release said.

The Securities and Exchange Board of India (Sebi) had in December last year announced that from coming October, the country would have a unified exchange regime wherein stock exchanges would be allowed to offer trading in commodities derivatives. BSE is planning to soon launch cotton futures contract, which will benefit the entire cotton sector in the country. CAI president Atul Ganatra said the futures contractwill not only help cotton growers get best price for their produce but also benefit exporters as well as the spinning mills by providing them a platform to hedge, which is now lacking in Indian cotton future market.

Our endeavour will be to push BSE in developing an efficient, user-friendly and economical cotton trading platform, which is within the reach of a common cotton trader," he said. He added that CAI, the parent body of 17 regional associations representing all the cotton growing regions of the country, will also extend its full cooperation to BSE by making available its infrastructure. Further, Ganatra said, CAI had recently decided to set up a farmers training centre at its Cotton Exchange Building, and will spend Rs 1.25 crore on it in the next five years.

Maharashtra Agriculture Price Commission chairman Pashabhai Patel, who was also present on the occasion, said this endeavour will boost the cotton sector and help in its goal to double the farmers' income. "Recently, we had a meeting with the state government where it was decided to take steps that will help in doubling farmers' income. This collaboration will help us achieve this goal," he added.

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हल्दी वायदा (सितंबर) की कीमतों को 6,600 रुपये के नजदीक सहारा रह सकता है और इसमें जवाबी खरीद हो सकती है।

कारोबारियों द्वारा स्थानीय माँग और मसाला कंपनियों की माँग को पूरा करने के लिए खरीदारी के कारण इरोद की मंडियों में हल्दी की फिंगर वेराइटी की कीमतों में बढ़ोतरी हुई है। सभी बाजारों में फिंगर वेराइटी की कीमतों में 150-200 रुपये प्रति क्विंटल की बढ़ोतरी हुई है, जबकि खराब क्वालिटी के कारण रेगुलेटेड मार्केट कमिटी में रूट वेराइटी की कीमतों में 75 रुपये प्रति क्विंटल की गिरावट हुई है।

जीरा वायदा (सितंबर) की कीमतों के 19,000-19,400 रुपये के दायरे में सीमित दायरे में कारोबार करने की संभावना है। 3 से 10 सितंबर तक गुजरात के प्रमुख बाजारों के बंद रहने के कारण खरीदार और बिक्रेता बाजार में सक्रिय नही हैं। दूसरी ओर चीन की ओर से निर्यात माँग कम है, जबकि स्टॉकिस्ट अधिक कीमतों पर खरीदारी नही करना चाहते हैं, जिससे कीमतों पर दबाव रह सकता है।

इलायची वायदा (अक्टूबर) की कीमतों को 1,440 रुपये के स्तर पर रुकावट रह सकती है और कीमतों की बढ़त पर रोक लगी रह सकती है, क्योंकि सितंबर में दूसरे दौर की फसल की कटाई होगी और नीलामी केन्द्रों पर आवक में बढ़ोतरी होगी। सऊदी अरब द्वारा आयात पर रोक के कारण अधिक कीमतों पर निर्यात माँग में कमी बनी हुई है। मौजूदा सीजन में अभी तक कुल 2,023 टन इलायची की आवक हुई है और लगभग 1,996 टन इलायची की बिक्री हुई है।

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सोयाबीन वायदा (अक्टूबर) की कीमतों के नरमी के रुझान के साथ 3,200-3,180 रुपये तक लुढ़कने की संभावना हैं।

बेहतर बारिश और न्यूनतम समर्थन मूल्य में बढ़ोतरी के कारण मध्य प्रदेश, राजस्थान और गुजरात में सोयाबीन के उत्पादन क्षेत्रों में बढ़ोतरी हुई है। इस बीच एनसीडीईएक्स ने मार्च 2019 और इसके बाद जारी होने वाले सोयाबीन के वायदा कॉन्ट्रैक्ट के स्पेशिफिकेशन में बदलाव किया है, जिसके अनुसार अब इन वायदा कॉन्ट्रैक्ट के सभी ओपन पॉजिशन की डिलीवरी अनिवार्य होगी। टेंडर अवधि के द्वारा यदि बिक्रेता द्वारा डिलीवरी की जाती है तो ओपन पोजिशन वाले खरीदार को डिलीवरी केन्द्र से ट्रेंड होने के दो दिनों के भीतर डिलेवरी लेनी होगी।

सरसों वायदा (सितंबर) की कीमतों के 4,000-4,040 रुपये के दायरे में सीमित दायरे मे कारोबार करने की संभावना है। भारतीय सरसों तेल उत्पादक संगठन के अनुसार देश भर की तेल मिलों ने अगस्त महीने में 5,00,000 टन सरसों की पेराई की है, जो पिछले वर्ष की समान अवधि की तुलना में 11% अधिक है। इस खबर के बाद बाजार में तेजी की उम्मीद बढ़ी है। सरसों तेल और सरसों केक की माँग में बढ़ोतरी होने के कारण मिलों की ओर से सरसों की पेराई भी बढ़ गयी है। मॉनसून के दौरान सामान्य तौर पर सरसों तेल की माँग बढ़ जाती है।

सोया तेल (सितंबर) वायदा की कीमतों के 739-745 रुपये के दायरे में सीमित दायरे में कारोबार करने की संभावना है, जबकि सीपीओ (सितंबर) वायदा की कीमतों के 599-607 रुपये के दायरे में कारोबार करने की संभावना है। डॉलर के मुकाबले रुपये के कमजोर होने के कारण आयात महँगा होने से कीमतों को मदद मिल रही है। डॉलर के मुकाबले रुपया 71.75 के निचले स्तर पर पहुँच गया है।

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India is likely to export 4 to 6 million tonnes of sugar in the 2018/19 marketing year starting next month as production could hit a record high, a senior industry official said on Wednesday.

The world's second-biggest producer is likely to export 2.5 million tonnes white sugar and remainder as raw sugar, said Yatin Wadhwana, head of Sucden India.

India has been struggling to export its massive surplus as prices in the world market are trading at steep discounts to local prices.

India should make it compulsory for sugar mills to export at least 7 million tonnes of sugar in the 2018/19 marketing year, the head of a leading trade body said.

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