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Showing posts from July, 2016

ICICI Bank Q1 profit Falls 25 Percent, bad loans tick up

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ICICI Bank Ltd, India's top private sector lender by assets, said quarterly profit fell 25 percent as its bad loans ticked up, although the decline was smaller than expected. Net profit fell to 22.32 billion rupees ($333.26 million) for its fiscal first quarter to June 30, from 29.76 billion rupees a year earlier, the Mumbai-based bank said in a statement on Friday.    Analysts on average had expected the lender, which is also listed in New York <IBN.N>, to report a net profit of 21.99 billion rupees, according to data compiled by Thomson Reuters.    Gross bad loans as a percentage of total loans were 5.87 percent in the June quarter, compared with 5.82 percent in the previous three months.    For More Information Stock advisory company Indore, Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory company in Indore, intraday market tips , nifty future

GST Instrument of Growth but no Final nod yet

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Dubbing the GST as an "instrument of growth", the Congress however said on Friday that it has not yet given its final nod for the bill's passage as its apprehensions had still not been addressed.    "There is no final assurance yet given to government either by Congress or other Opposition parties," Congress spokesman Randeep Singh Surjewala told a press conference.    "GST is not a political instrument but an instrument of growth which was blocked by then Gujarat Chief Minister Narendra Modi and other BJP leaders like Arun Jaitley and Sushma Swaraj," he added.The Congress leader said that "issues" are still being deliberated and the party is willing to negotiate."GST shouldn't be only consensus based but it should also reflect the will of the nation," he said.    For More Information Stock advisory company Indore, Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips,

U.S. Crude Ends 4-Day Skid Amid Weaker Dollar

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Crude futures inched up on Friday after hitting a $40 handle for the first time since April, ending the month sharply lower one day after entering a bear market due to renewed concerns of global oversupply. On the New York Mercantile Exchange, WTI crude for September delivery traded between $40.58 and $41.66 a barrel before closing at $41.52, up 0.38 or 0.92% on the session.  Despite halting a four-day losing streak, WTI crude still ended July down roughly 13% on the month. On the Intercontinental Exchange (ICE), brent crude for October delivery wavered between $42.52 and $43.60 a barrel, before settling at $43.47, up 0.24 or 0.56% on the day. Oil futures bounced off three-month lows on Friday, as the U.S. Dollar fell sharply amid weak GDP data and a soaring Yen.    As a result, the Dollar plunged more than 2.5% against the Yen to an intraday-low of 102.12, its lowest level in nearly three weeks. The U.S. Dollar Index, which measures the strength of the gr

Dollar Slides on US GDP, Japan bonds Fall on BOJ Move

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Weak US economic growth data knocked down the dollar and yields on US government debt Friday, while Japanese government bond yields rose the most in eight years after investors reacted coolly to the Bank of Japan's latest effort to boost the economy.  The US economy grew far less than expected in the second quarter as inventory investment fell for the first time in nearly five years. But a surge in consumer spending suggested underlying strength and provided a silver lining for investors.    The BOJ doubled its purchases of exchange-traded funds, yielding to pressure from the government and financial markets for bolder action. The move nevertheless disappointed investors who sought more audacious measures. The yen jumped 3.05 percent against the dollar, whose decline put the trade-weighted dollar exchange rate on course for its biggest weekly fall in two months. The dollar index .DXY fell 1.22 percent to 95.569.   For More Information Stock advisory compa

International Commodities Evening Update

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Mcx Zinc Market Update News By Ripples Advisory

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Zinc on MCX settled up 1.51% at 147.75 recouping from Wednesday’s losses supported by a weaker dollar after the US Federal Reserve statement last night. The US Federal Reserve decided to leave the Federal Funds rate unchanged but said “near-term risks to the economic outlook have diminished”.    Zinc, used to rustproof steel, has surged more than 50 percent from its January low as production cuts at Glencore Plc’s mines and closures at MMG’s Century and Vedanta Resources Plc’s Lisheen operations reduced supplies.    Goldman Sachs Group Inc. forecasts a widening global shortage with prices rising to $2,500 a metric ton in six months, compared with $2,185 on Thursday. Goldman says the global shortage will expand to 360,000 tons in 2017 from 114,000 tons this year. The metal is the best performer on the LME in 2016 as stores in warehouses monitored by the bourse have fallen about 30 % from a September peak.    Trad

Gold Edges Higher On BOJ Stimulus, Set For Monthly Gain

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Gold inched higher on Friday, on track for a gain of more than one percent in July, as the dollar extended its losses after the Bank of Japan's stimulus fell short of market expectations.    The yen rose about 2.14 % at 102.99 against the dollar, and the dollar index, which measures the greenback against a basket of currencies, was down 0.4 % at 96.316.   Spot gold was up 0.4 % at $1,341.16 an ounce at 0430 GMT. Bullion has risen 1.2 % in July, its second straight monthly gain, and is heading for its first weekly gain in three.Spot gold looks neutral in a range of $1,333.99-$1,346 per ounce, and an escape will point a direction, according to Reuters technical analyst Wang Tao.    U.S. gold was up 0.4 % at $1,337.90 an ounce.U.S. advance GDP data and employment wages figures, both for the second quarter, are due later in the day.    For More Information Stock advisory company Indore , Indian Mcx Commodity Tips ,mcx tips ,intr

MSF to Oppose Pfizer's bid for pneumonia vaccine Patent

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Médecins Sans Frontières (MSF) on Thursday said it will defend the rights of millions of children around the world to be protected against pneumonia, and will oppose US pharma giant Pfizer's bid for a patent on the pneumococcal conjugate vaccine (PCV13) at a hearing in India's patent office on Friday. The international humanitarian-aid organisation, also called Doctors Without Borders, filed a "patent opposition" to prevent the US pharmaceutical giant from getting a patent on PCV13, a MSF statement said.    "The pneumonia vaccine is the world's best-selling vaccine, and last year alone, Pfizer brought in more than $6 billion dollars in sales just for this product -- meanwhile many developing countries, where millions of children risk getting pneumonia, simply can't afford it," said Greg Elder, Medical Coordinator for MSF's Access Campaign.    "To make sure children everywhere can be protected from dead

जीएसटी पर बन सकती है बात

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जीएसटी पर अच्छी खबर है, टॉप कांग्रेस सूत्रों के हवाले से बात सामने आ रही है कि कांग्रेस जीएसटी पर लगभग राजी हो गई है। फिलहाल जीएसटी पर बातचीत की दिशा से कांग्रेस को कोई नाराजगी नहीं है। लेकिन अभी तक ये तय नहीं हो पाया है कि आखिर जीएसटी को राज्यसभा में कब पेश किया जाएगा। कल राज्यसभा बिजनेस एडवाइजरी कमेटी की मीटिंग हुई लेकिन इसमें जीएसटी को अगले हफ्ते पेश करने पर कोई सहमति नहीं बन सकी।    हालांकि सूत्रों की मानें तो सरकार और कांग्रेस के बीच एक-दो दौर की बैठक और होगी। फिर तय किया जाएगा कि जीएसटी बिल चर्चा के लिए कब लाया जाए। अगर इस बीच सहमति बन गई तो सरकार अगले हफ्ते भी बिल ला सकती है। लेकिन इस बीच, अच्छी बात ये है कि कांग्रेस और सरकार दोनों इस सत्र में जीएसटी बिल पास होने की बात कर रहे हैं।    संसदीय कार्य राज्यमंत्री मुख्तार अब्बास नकवी का कहना है कि जीएसटी पर कुछ शिकायतें थीं जिन्हें दूर कर लिया गया है और इसी सत्र में बिल पास हो जाएगा। वहीं जनता दल यूनाइटेड के सांसद शरद यादव का कहना है कि उनकी पार्टी बिल के पक्ष में है।    For More Inform

कैसे रहेंगे एलएंडटी के नतीजे

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आज बाजार की नजर एलएंडटी के नतीजों पर रहने वाली है। सीएनबीसी-आवाज़ के अनुमान के मुताबिक पहली तिमाही में एलएंडटी का मुनाफा बढ़ सकता है, जबकि आय में भी बढ़ोतरी देखने को मिलेगी।    वित्त वर्ष 2017 की पहली तिमाही में एलएंडटी का मुनाफा 23 फीसदी बढ़कर 744 करोड़ रुपये रह सकता है। वित्त वर्ष 2016 की पहली तिमाही में एलएंडटी का मुनाफा 606.2 करोड़ रुपये रहा था।    वित्त वर्ष 2017 की पहली तिमाही में एलएंडटी की आय 13 फीसदी बढ़कर 22976 करोड़ रुपये रह सकती है। वित्त वर्ष 2016 की पहली तिमाही में एलएंडटी की आय 20252.2 करोड़ रुपये रही थी।    साल दर साल आधार पर अप्रैल-जून तिमाही में एलएंडटी का एबिटडा 2290 करोड़ रुपये से बढ़कर 2579 करोड़ रुपये रहने का अनुमान है। सालाना आधार पर अप्रैल-जून तिमाही में एलएंडटी का एबिटडा मार्जिन 11.3 फीसदी से घटकर 11.2 फीसदी रहने का अनुमान है।    For More Information Stock advisory company Indore, Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory c

कैसे रहेंगे आईसीआईसीआई बैंक के नतीजे

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आज बाजार की नजर आईसीआईसीआई बैंक के नतीजों पर रहने वाली है। सीएनबीसी-आवाज़ के अनुमान के मुताबिक पहली तिमाही में आईसीआईसीआई बैंक का मुनाफा घट सकता है, जबकि ब्याज आय में बढ़ोतरी होगी।  वित्त वर्ष 2017 की पहली तिमाही में आईसीआईसीआई बैंक का मुनाफा 24 फीसदी घटकर 2239 करोड़ रुपये रह सकता है। वित्त वर्ष 2016 की पहली तिमाही में आईसीआईसीआई बैंक का मुनाफा 2976.2 करोड़ रुपये रहा था।   वित्त वर्ष 2017 की पहली तिमाही में आईसीआईसीआई बैंक की ब्याज आय 6 फीसदी बढ़कर 5396 करोड़ रुपये रह सकती है। वित्त वर्ष 2016 की पहली तिमाही में आईसीआईसीआई बैंक की ब्याज आय 5115.1 करोड़ रुपये रही थी।    For More Information Stock advisory company Indore , Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory company in Indore, intraday market tips, nifty future tips, option tips, intraday stock tips, nse bse tips, and you can call us on :- 9827808090

OIL MARKET NEWS

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Oil prices settled down nearly 2 percent on Thursday, hitting April lows and with U.S. crude headed for its biggest monthly loss in a year, on growing worries that the world was pumping more crude than needed.    Oil prices are still up about 60 percent from 12-year lows of $26-$27 in the first quarter. But the rally has faded since they breached $50 in May."Our price target right now is $38 for WTI," said Matthew Tuttle, chief executive of Tuttle Tactical Management in Riverside, Connecticut. "We think there's more to go on the downside because the move that we saw up to $50 was fundamentally driven but that created more supply."   U.S. crude's West Texas Intermediate (WTI) futures settled down 78 cents, or 1.9 %, at $41.14 a barrel. WTI earlier fell to $41.04, its lowest since April 20. It also has lost 20 % since hitting a 2016 high of $51.67 on June 9, technically placing it in bear market territory.    Brent cru

MORNING TREND UPDATE BY RIPPLES ADVISORY

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GOLD SUPPORT: 30750/30900 RESISTANCE: 31200/30350 TREND: UP      SILVER SUPPORT: 46700/47000 RESISTANCE: 47600/48000 TREND: UP      CRUDE OIL SUPPORT: 2700/2740 RESISTANCE: 2820/2880 TREND: DOWN      COPPER SUPPORT: 325/327 RESISTANCE: 332/335 TREND: SIDEWAYS      For More Information Stock advisory company Indore, Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory company in Indore, intraday market tips, nifty future tips, option tips, intraday stock tips, nse bse tips, and you can call us on :- 9827808090

Ceat's net profit Declines in first Quarter

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Tyre maker Ceat Ltd on Thursday said it closed the first quarter of the 2016-17 fiscal with a lower net profit.    In a regulatory filing with the BSE, the company said it has posted a net profit of Rs 96. 49 crore for the quarter ended June 30, 2016, as compared to Rs 119.38 crore for the quarter ended June 30, 2015.    The company's total income has increased from Rs 1,416.76 crore for the quarter ended June 30, 2015, to Rs 1,462.70 crore for the quarter ended June 30, 2016.    For More Information Stock advisory company Indore , Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory company in Indore, intraday market tips, nifty future tips, option tips, intraday stock tips, nse bse tips, and you can call us on :- 9827808090

Silver Climbs Rs 603kg On Positive Global Cues

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Silver prices went up by a whopping Rs 603 to Rs 48,725 per kg in futures trading today as participants widened their positions, tracking a firm trend in global market.    At the Multi Commodity Exchange, silver for delivery in far-month December was trading notably higher by Rs 603, or 1.25 per cent, to Rs 48,725 per kg, in a business turnover of 47 lots.    Similarly, the white metal for delivery in September was up by Rs 595, or 1.27 per cent, to Rs 47,614 per kg in 1,608 .    For More Information Stock advisory company Indore, Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory company in Indore, intraday market tips, nifty future tips, option tips, intraday stock tips, nse bse tips, and you can call us on :- 9827808090

Nifty 8600 Put adds 7.8 lakh Shares in Open Interest

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Nifty 8600 Put added 7.8 lakh shares in Open Interest on July 27    Nifty 8650 Call added 6.4 lakh shares in Open Interest    FIIs in F&O on July 27     FIIs net buy Rs 83 crore in Index Future    FIIs net buy Rs 1142 crore in Index Options    FIIs net sell Rs 213 crore in Stock Future    For More Information Stock advisory company Indore , Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory company in Indore, intraday market tips, nifty future tips, option tips, intraday stock tips, nse bse tips, and you can call us on :- 9827808090

Rupee opens Flat at 67.04 per Dollar

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The Indian rupee opened flat at 67.04 per dollar on Friday against previous close 67.04.    "The USD-INR pair is in a range again as supplies remain consistent. The pair is expected to remain in a range of 66.90-67.30/dollar for the coming week."    The yen gained amid jittery trade ahead of today's much-anticipated policy review from the Bank Of Japan.    For More Information Stock advisory company Indore, Indian Mcx Commodity Tips , Currency Tips ,intraday trading tips, intraday tips, Currency Trading Tips ,best stock advisory company in Indore, intraday market tips,Forex Market Trading Tips, intraday stock tips,and you can call us on :- 9827808090

Asia Mixed; ASX up 0.1, Kospi up 0.2%, Nikkei Down 0.2%

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Asian markets were mixed in early trade on Friday, with a slew of earnings and data due throughout the session, as well the Bank of Japan's (BOJ) keenly awaited monetary policy decision. Australia's ASX 200 index traded up 0.12 percent, with the energy and material sub-indexes dropping in early trade. In Japan, the Nikkei 225 was down 0.23 percent, while the Topix was down 0.29 percent.   Across the Korean Strait, the Kospi was up 0.15 percent. "The market is positioned for easing from the BOJ and this could come in many guises," said Chris Weston, chief market strategist at brokerage firm IG.    Analysts broadly expect the BOJ will introduce fresh stimulus measures, which could include pushing interest rates deeper into negative territory or expanding its asset-purchase program, which buys securities including Japanese government bonds and exchange-traded funds.   For More Information Stock advisory company