BSNL, MTNL Revenue Growth lesser Than Private Telcos

Intraday Market Tips update only at:- www.marketmagnify.com/aboutus.php

Rise in revenues of BSNL and MTNL lag those of private players because of less aggressive market skills, legacy manpower and delay in augmentation of mobile network, Telecom Minister Ravi Shankar Prasad said. 

The minister said both the state-run firms are taking several steps to enhance revenues. 

BSNL revenue increased by 2.32 percent in 2014-15 to Rs 28,645 crore whereas MTNL witnessed an increase of 0.90 percent to Rs 3,821 crore for the same period. 

The revenue of BSNL stood at Rs 27,996 crore in 2013-14 while that of MTNL was Rs 3,787 crore.

Wall Street rises late

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

Energy and bank stocks led Wall Street higher on Wednesday, adding to a rally in the previous session, after strong jobs data dispelled concerns over the health of the US economy. Concern lingered that the US economy was on a weaker footing than thought, but recent data including a better-than-expected reading on private sector job creation last month has helped dispel those worries and given equities support. 

The improvement in US economic data, including manufacturing, construction spending and auto sales earlier this week, rekindled expectations that the Federal Reserve could raise rates at least once later this year, giving a boost to bank shares.

Today Indian Stock Market Update--Nifty opens above 7400

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

 

 The market extended rally on Thursday with 

 

 

 The Sensex rising 183.31 points or 0.76 percent to 24426.29 

 

 

 and The Nifty climbing 52.40 points or 0.71 percent to 7421.25.

Indian Rupee Opens 67.40 Rs per Dollar

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.


 
The Indian rupee has climbed further as it opened with a gain of 14 paise on Thursday at 67.40 per dollar. It closed at 67.54 on Wednesday.

"Improved oil and commodity prices and pick-up in US economic data has changed the sentiment to risk-on."

Jewellers to go on 3-day Pan-India Strike From Tomorrow

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level. 

Jewellers across the country have decided to go on a three-day strike from tomorrow to protest the proposed re-imposition of 1 per cent excise duty and mandatory PAN cards for any transactions of Rs 2 lakh and above, an industry grouping today said.

 "We had a meeting with our members as well as with other associations under our network. We have collectively decided to go on 3-day strike from tomorrow. 

More than 300 associations, including manufacturers, retainers, artisans among others across the country will participate in the stir," All India Gems and Jewellery Trade Federation (GJF) Chairman Sreedhar G V told PTI here.

Nifty opens near 7350

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level. 

The Sensex is up 397.05 points or 1.7 percent at 24176.40, 

 

and the Nifty up 116.25 points or 1.6 percent at 7338.55. 

 

About 753 shares have advanced, 69 shares declined, and 23 shares are unchanged.

Indian ADRs: HDFC Bank Gains 3%, Tata Motors Rises

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

 Indian ADRs ended higher on Tuesday. In the IT space, Infosys was up 0.60 percent at USD 17.42 and Wipro added 0.37 percent at USD 11.55.

 

 In the banking space, ICICI Bank added 0.45 percent at USD 6.12 and HDFC Bank gained 2.88 percent at USD 55.70. 

In the other sectors, Tata Motors was up 1.50 percent at USD 23.73 and Dr Reddy's Laboratories rose 0.67 percent at USD 44.65.

Indian Rupees Opens 12 Paise Higher at 67.74 per Dollar

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

 

The Indian rupee extended upmove on Wednesday by opening at 67.74 a dollar, up 12 paise compared to 67.86 in previous session.

 

 This consistent recovery is led by rally in equity markets on hopes of rate cut post pricing in Union Budget.

MM CLOSING BUZZ

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips , Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

NIFTY FUTURE UP 227.35@7236.30 

 

BANKNIFTY FUTURE UP 486.10@14475.45

 

SENSEX UP 777.35@23779.35

INR 68.03

Rupee gains 17 paise

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.
 

The Indian rupee gained 17 paise in the early trade on Tuesday. It has opened at 68.26 per dollar versus 68.43 Monday. 


"The fiscally prudent Budget and expectations of further monetary easing by Reserve Bank of India (RBI) helped both currency and bond markets."

Asia markets mixed, with Shanghai up 0.3%, Nikkei off 1%

Intraday Market Tips update only at:- www.marketmagnify.com/aboutus.php

 

Asia markets were mixed Tuesday morning, with eyes on China after the central bank's surprise reserve requirement ratio (RRR) cut to free up liquidity. Japan's benchmark Nikkei 225 shed 1.05 percent. 

 

 The South Korean market is closed for a public holiday. 

Chinese markets wavered between positive and negative after the RRR cut and worse-than-expected manufacturing data, with the Shanghai composite up by 0.31 percent, while the Shenzhen composite gained 0.7 percent. Hong Kong's Hang Seng Index added 0.28 percent.

Indian ADRs: Tata Motors slips, ICICI Bank, HDFC Bank up

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level.

Indian ADRs ended mixed on Monday. In the IT space, Infosys was down 0.07 percent at USD 16.82 and Wipro shed 0.12 percent at USD 11.18.

 

 In the banking space, ICICI Bank added 0.36 percent at USD 5.67 and HDFC Bank gained 0.24 percent at USD 52.82.

 

 In the other sectors, Tata Motors slipped 0.12 percent at USD 22.23 and Dr Reddy's Laboratories rose 0.73 percent at USD 43.98.

Stocks That Market will Focus as Jaitley Makes Budget Speech

MarketMagnify Is a leading Stock Advisory Company In India.We are Providing Intraday tips ,Intraday Stock tips,Intraday trading tips on mobile with 90-95% accuracy level. 

 

 As Finance Minister Arun Jaitley presents Union Budget today, the market will focus on credibility of numbers. Investors will be keen to know if the govt deviates from the fiscal consolidation roadmap in order to boost growth. 

 

The other big fear the market has is the possible extension of the long term capital gains tax tenure from 1 to 3 years or the possibility of reintroduction of a tax itself. 

 

This month, Indian market is among worst performing big markets this month. In dollar terms, India is worst performing market this month.

Live Market Updates: Sensex, Nifty in Red

Intraday Market Tips update only at:-

 www.marketmagnify.com/aboutus.php

The Sensex is down 10.06 points at 23144.24 and

 The Nifty is down 6.75 points at 7023.00. 

About 532 shares have advanced, 434 shares declined, and 57 shares are unchanged.

Indian ADRs: HDFC Bank, Tata Motors gain; Dr Reddy's Labs slips

Intraday Market Tips update only at:- 

www.marketmagnify.com/aboutus.php

Indian ADRs ended mostly higher on Friday. In the banking space, ICICI Bank was up 0.13 percent at USD 5.31 and HDFC Bank added 0.8 percent at USD 52.58.

 In the IT space, Infosys was   marginally up 0.02 percent at USD 16.89 and Wipro was down 0.04 percent at USD 11.30. 

 

In the other sectors, Tata Motors gained 0.06 percent at USD 22.35 and Dr Reddy's Laboratories fell 0.34 percent at USD 43.25.

Today Indian Market Open Flat

Intraday Indian Rupees Market update only at:- www.marketmagnify.com/aboutus.php

 

The market is still struggling as the 50-share index breached 7000 intraday. 

The Nifty is down 5.80 points at 7012.90

 and the Sensex is down 8.75 points at 23080.18.

Rupee up 9 paise

Intraday Indian Rupees Market update only at:- www.marketmagnify.com/aboutus.php

 

The Indian rupee opened higher by 9 paise at 68.47 per dollar on Thursday versus 68.56 Wednesday. 

 "Oil prices seem to be stabilising in the USD 30-40/bbl range which could calm the volatile currency markets."

Sebi Bans Win Realcon From Capital Markets

Daily Intraday Market latest update only at:- www.marketmagnify.com/aboutus.php

Sebi barred Win Realcon and its directors from the capital markets for raising funds from investors, without complying with public issue norms. 

The Securities and Exchange Board of India (Sebi) found that Win Realcon had raised Rs 1.18 crore through issuance of Redeemable Preference Shares (RPS) to more than 700 investors between 2011-12 and 2012-13.

 Since the shares were issued by the firm to more than 50 people each, it qualified as a public issue that requires compulsory listing on the recognised stock exchange. It was also required to file a prospectus, among other things, which it failed to do.

Wall Street lifted by muscular oil rally but some still skittish

Daily Intraday Market latest update only at:- www.marketmagnify.com/aboutus.php

Wall Street surged on Monday, helped by a robust rally in oil prices that lifted recently crushed energy stocks, including Chevron and Schlumberger. As it has for months, Wall Street followed the lead of global oil prices in a trend that has left the S&P 500 down 5 percent so far in 2016, following a partial recovery last week.

Monday's stock gains were as broad as they were strong, with all 10 major S&P sectors finishing higher, but investors shell-shocked by this year's market turbulence remained wary.

Bajaj Auto May Head Higher

Daily Intraday Market latest update only at:- www.marketmagnify.com/aboutus.php

Bajaj Auto yesterday looked pretty good, in fact it has actually broken out of a congestion zone above Rs 2,400 and once it is above Rs 2,400 it would gather some momentum and chances are that you would see the stock moving up forward on the upside." 

" Federal Bank yesterday looked quite good on the charts. In fact this is one of the few banks, so that may actually give bit of a bounce today irrespective of the Bank Nifty looking weak. I have kept a target of Rs 49.50 because Rs 50 to about Rs 51 is a major supply zone for the stock.