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Research Icon- Opening Bell For The Day

NIFTY -Previous Close : 11,870.65OPEN @ 11,934.90(+64.25)

SENSEX -Previous Close : 39,615.90OPEN @ 39,581.77(-34.13)

BANK NIFTY -Previous Close : 31,066.55OPEN @ : 31,259.20(+192.65)

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Turmeric Trading Range For The day is 6588-6832. - Research Icon

Turmeric prices dropped due to sufficient stocks arriving in the market coupled with expectation of good production

Prices also got some support due to lower sowing area in Tamil Nadu due to deficient rainfall and in AP as shifted to Cotton

Indian turmeric exports have been hit by the US sanctions against Iran, the largest buyer of the spice from India.

In Nizamabad, a major spot market in AP, the price ended at 6576.2 Rupees dropped -23.8 Rupees.

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" BELIEVE IN YOURSELF. YOU ARE BRAVER THEN YOU THINK, MORE TALENTED THEN YOU KNOW MORE CAPABLE OF MORE THEN YOU IMAGINE "                                    -ROY T. BENNETT -

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Kim Jung Un 

Religious Images

Source:

http://apjjf.org/2015/13/12/Benjamin-Young/4303.html 

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐏𝐢𝐫𝐚𝐦𝐚𝐥 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞𝐬 𝐭𝐨 𝐫𝐚𝐢𝐬𝐞 𝐑𝐬𝟓𝟎𝟎𝐜𝐫 𝐯𝐢𝐚 𝐍𝐂𝐃𝐬

Piramal Enterprises is trading flat with a positive bias after the company announced on Friday that it would be issuing non-convertible debentures (NCDs) to raise capital.

The company said in its filing, "Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20 15, we write to inform you that at the Meeting of Administrative Committee of the Board of Directors held today, the Committee approved the issue of secured, unrated, unlisted, Redeemable Non-Convertible Debentures on private placement basis."

The company will raise Rs500cr with an option to retain oversubscription up to Rs300cr such that the total value shall not exceed Rs800cr.

The tenure of the instrument shall be 12 months 2 days and the redemption date, 18th September 2020. Piramal Enterprises Ltd is currently trading at Rs1,910.40 up by Rs7.75 or 0.41% from its previous closing of Rs1,902.65 on the BSE. The scrip opened at Rs1,899.45 and has touched a high and low of Rs1,929.85 and Rs1,878.55 respectively. So far 4,02,794 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs37,842.54cr.

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐄𝐦𝐚𝐦𝐢 𝐏𝐚𝐩𝐞𝐫 𝐌𝐢𝐥𝐥𝐬 𝐚𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐬𝐮𝐫𝐫𝐞𝐧𝐝𝐞𝐫 𝐨𝐟 𝐥𝐚𝐧𝐝 𝐢𝐧 𝐆𝐮𝐣𝐚𝐫𝐚𝐭 𝐚𝐥𝐥𝐨𝐭𝐭𝐞𝐝 𝐛𝐲 𝐆𝐈𝐃𝐂

Emami Paper Mills on Friday said that its board has approved the surrender of plots allotted by Gujarat Industrial Development Corporation (GIDC), Gujarat for Greenfield Expansion Project.

��Surrender of the Plot Nos. 119, 121 to 126 admeasuring 414930.894Sq. Mt. at Saykha Industrial Estate, District Bharuch. Gujarat, allotted by Gujarat Industrial Development Corporation (GIDC), Gujarat for Greenfield Expansion Project, to the Company and also authorized severally P.S.Patwari, Executive Director and Bharat Agarwal, President of the Company to take all such necessary steps for completing various formalities to surrender the above-mentioned plot,” the company said in the filing.

“We further confirm that none of the Directors or KMPs of the company and their relatives is interested in the resolution passed by Circulation,” it added.

Stock view: Emami Paper Mills Ltd ended at Rs86 down by Rs0 or 0% from its previous closing of Rs86 on the BSE.

The scrip opened at Rs87.50 and touched a high and low of Rs88.05 and Rs82.10 respectively.

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐂𝐨𝐱 & 𝐊𝐢𝐧𝐠𝐬 𝐭𝐨 𝐬𝐮𝐫𝐫𝐞𝐧𝐝𝐞𝐫 𝐍𝐁𝐅𝐂 𝐥𝐢𝐜𝐞𝐧𝐬𝐞 𝐚𝐦𝐢𝐝 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬

Cox & Kings Financial Service Ltd. announced post its board meeting on September 13 that it has decided to surrender its NBFC license.

The company has taken this decision in the wake of ongoing challenges and amid the slowdown in the economy.

Its filing on the NSE said, "...we would like to inform you that , considering the ongoing challenges and slowdown in the NBFC business environment, the Board of Directors of the Company at its meeting held on September 13, 2019 at Mumbai, inter alia, has considered and approved the surrender of NBFC License."

Cox & Kings Financial Service Ltd ended at Rs0.60 up by Rs0.02 or 3.45% from its previous closing of Rs0.58 on the BSE. The scrip opened at Rs0.60 and touched a high and low of Rs0.60 and Rs0.60 respectively. A total of 48,64,252 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs4.37cr.

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐑𝐮𝐩𝐞𝐞 𝐩𝐥𝐮𝐧𝐠𝐞𝐬 𝟕𝟎 𝐩𝐚𝐢𝐬𝐞 𝐭𝐨 𝟕𝟏.𝟔𝟐/$ 𝐢𝐧 𝐨𝐩𝐞𝐧𝐢𝐧𝐠 𝐭𝐫𝐚𝐝𝐞

The Indian rupee plunged 70 paise in opening trade on Monday to 71.62/$ vs. Friday's close of 70.92/$, as crude oil climbed 10% due to drone attacks on Saudi's oil facilities.

The attacks have caused a major supply disruption, affecting 5% of the global oil supply. Brent crude spiked to $67/bbl-levels following the incident.

Following this, President Donald Trump said the US is "locked and loaded" to respond to the attack on Saudi oil infrastructure which the US administration blamed on Iran, with Saudi rushing to restart operations at the affected plants.

The local unit soared for the 7th straight session on Friday and appreciated above the 71/$-mark to 70.92/$, up 22 paise, on softening crude oil prices and easing US-China trade tensions.

Meanwhile, Indian benchmark indices opened in the red, with the Sensex falling 173 points to 37,210, and the Nifty shedding 81 points to slip below the key 11,000 level.

Asian markets traded mixed as weak Chinese data and geopolitical tensions in the Middle East outweighed US-China trade developments. China's August industrial output growth slowed to a 17-1/2 year low.

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐍𝐢𝐟𝐭𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟏𝟏𝐊, 𝐒𝐞𝐧𝐬𝐞𝐱 𝐟𝐚𝐥𝐥𝐬 𝟐𝟎𝟎 𝐩𝐭𝐬

Market Opens: It is weak start for the market on Monday with Nifty around 11,000 level.

The Sensex is down 176.72 points at 37,208.27, while Nifty is down 60.90 points at 11,015. About 332 shares have advanced, 502 shares declined, and 63 shares are unchanged.

BPCL, IOC, HPCL, Asian Paints, Yes Bank, RIL, UPL, Tata Motors, L&T, M&M, SBI, Equitas Holdings are among major losers on the indices, while gainers are Indiabulls Housing, HUDCO, BEL, ONGC and GAIL.

Among sectors, except FMCG and IT other indices are trading in the red. Midcap and smallcap also trading lower.

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#𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡𝐈𝐜𝐨𝐧: 𝐓𝐡𝐨𝐮𝐠𝐡𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐝𝐚𝐲

"Good judgment comes from experience. Experience comes from bad judgment." - Jim Horning

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐀𝐩𝐨𝐥𝐥𝐨 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐬 𝐠𝐚𝐢𝐧𝐬 𝟏% 𝐩𝐨𝐬𝐭 𝐛𝐥𝐨𝐜𝐤 𝐝𝐞𝐚𝐥

Shares of Apollo Hospitals Enterprise gained in morning trade post a block deal. As per media reports, 50 lakh shares of the company traded in the block deal on NSE at Rs1,482 per share.

The promoters of the company will be issuing 5mn shares through a secondary placement to raise around $101mn (Rs720cr), as per media reports.

Further, reports said that the company aims to reduce the promoters' pledged shares in the company. The deal, for which Citi Group is acting as placement agent and building the book, is expected to happen in a day or two.

According to reports, Apollo Hospitals' promoters are selling up to 5mn shares or 3.6% stake in the company at a floor price of Rs1,450 per share. The transaction is expected to be closed on Thursday.

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐑𝐮𝐩𝐞𝐞 𝐨𝐩𝐞𝐧𝐬 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝟐𝟑 𝐩𝐚𝐢𝐬𝐞 𝐚𝐭 𝟕𝟏.𝟒𝟐/$

The Indian rupee extended gains for the sixth consecutive session and opened higher in Thursday’s trade. The local currency opened higher at 71.42 against the US Dollar, up by 23 paise.

Investors will keenly watch the data on factory output (IIP) for July and retail inflation (CPI inflation) for August due later today.

The rupee on Wednesday settled at 71.66/$, higher by 5 paise.

In the commodity market, oil prices rose today after rebounding from big losses in the previous session, supported by developments on the trade war front as well as a fall in US crude inventories to the lowest in almost a year. The uptick followed China's exemption of tariffs on some US anti-cancer drugs and other goods and US President Trump's announcement that the US would delay hikes on billions of dollars' worth of Chinese goods.

Further, foreign portfolio investors (FPIs) bought shares worth a net Rs266.89cr on Wednesday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net of Rs1,132.42cr.

Back home, equity benchmark indices opened higher, with the Sensex and Nifty rising 0.3%.

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𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐜𝐨𝐧- 𝐈𝐧𝐝𝐢𝐜𝐞𝐬 𝐭𝐫𝐚𝐝𝐞 𝐡𝐢𝐠𝐡𝐞𝐫, 𝐍𝐢𝐟𝐭𝐲 𝐡𝐨𝐥𝐝𝐬 𝟏𝟏,𝟎𝟓𝟎; 𝐈𝐂𝐈𝐂𝐈 𝐁𝐚𝐧𝐤, 𝐓𝐚𝐭𝐚 𝐒𝐭𝐞𝐞𝐥 𝐮𝐩 𝟑%

Benchmark indices opened higher with the Sensex rising 100.44 points to 37,371.26 and the Nifty50 climbing 27.80 points to 11,063.50. Market has bounced back from oversold levels seen last week and the market is expecting consolidation before moving higher.

Steps by the government for PSU banks are short term and need to see more radical changes, he said, adding there is a big valuation mismatch between PSU and private sector banks.

At current levels, PSU banks could give a favorable risk-reward return, according to him.

He expects metal space to look up in the coming months as government action has been supportive for metal companies.

He said he would allocate less capital to underweight defensives like IT and pharma sectors, but he would advise investors to continue with SIPs.

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#𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡𝐈𝐜𝐨𝐧: 𝐓𝐡𝐨𝐮𝐠𝐡𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐝𝐚𝐲

"It is when power is wedded to chronic fear that it becomes formidable." - Eric Hoffer

#Researchicon #TOTD

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Spot Silver Prices Surged Over 1.77 Percent To Close At $19.6 - Research Icon

On Wednesday, Spot silver prices surged over 1.77 percent to close at $19.6 per ounce while MCX silver prices rose by 1.03 percent to close at Rs.50191.0 per kg.

U.S. & China to resume the trade negotiations next week coupled with easing of global trade tension might boost the risk appetite amongst investors and dented appeal for the bullion metal.

On the MCX, gold prices are expected to trade sideways today; international markets are trading lower by 0.37 percent to close at $1554.55 per ounce.

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Gold Ended Higher By 0.37 Percent To Close At $1552.4 - Research Icon

On Wednesday, spot gold ended higher by 0.37 percent to close at $1552.4 per ounce. Prices rose after the 10-year U.S. Treasury yields dipped to a three-year low reinfusing worries over a potential global slowdown.

U.S. Treasury yields declined after the benchmark 10-year yield declined to its lowest levels since July 2016. The fall in the yields came after U.S. manufacturing data posted its first contraction in 3 years on rising worries about weakening of global economy and U.S.-China trade tensions.

Recent developments in Hong Kong boosted the risk sentiments amongst after the region’s leader Carrie Lam withdrew a controversial extradition bill which had led to the months of violent protests.

Moreover, investors might further mover towards riskier assets after U.S. & China agreed to meet in early October 2019 to come up with a deal and end the prolonged tariff spat.

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