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Share Market Tips

U.S. likely to cut number of Iran oil sanctions waivers in May – analysts

The United States is likely to extend waivers from sanctions on Iranian oil imports in May but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said. Washington surprised oil markets after granting waivers to eight Iranian oil buyers when the sanctions on oil imports started in November. Benchmark Brent crude futures fell 22 percent that month and the waivers influenced the Organization of…

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Sensex up 300 pts, Nifty above 10,800-mark; Wipro gains 2%

Equity benchmark indices started Tuesday on a positive note tracking SGX Nifty. The Sensex was trading 300 points up at 36,167 levels, while the Nifty gained 85 points to reclaim its 10,800-mark. The gain could be attributed to heavy buying in Yes Bank, Reliance Industries, Wipro, Zee Entertainment Enterprises, and Tech Mahindra, which rose 2% each on the NSE. Incidentally, Bharti Airtel was the only loser on the NSE, declining 0.09%. All the sectoral indices on the NSE were trading in the green. Nifty IT and Media…

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KNR Constructions gains 2% as arm gets financial closure for Telangana road project

Shares of KNR Constructions were trading 2% higher on Friday after the company’s arm KNR Shankarampet Projects received the financial closure letter from the National Highways Authority of India (NHAI) for the road project in Telangana. The project, worth bid price of Rs12,340cr, includes work for the four laning of Ramsanpalle to Mangloor section of NH-161 in Telangana, the company said in a press note after market hours to the exchanges on Thursday. “The construction period of the project was 2 years…

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Nifty trades below 10,850; Tata Motors, Ashok Leyland stocks gain

Equity benchmark indices opened flat in Thursday’s trade amid mixed global clues. The Sensex was down 52 points at 36,160, while the Nifty slipped over 21 points at 10,833. The market breadth was positive with 845 shares advancing, 640 shares declining, and 558 remaining unchanged. Shares of Ashok Leyland advanced 1% as the company bagged an order to provide buses to state transport corporations. Shares of Vakrangee were trading 5% up on Thursday after the company provided updates on the Preliminary Findings of Ministry of Corporate Affairs, which…

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Nifty reclaims 10,850 mark; IndusInd Bank, Yes Bank stocks down

Equity benchmark indices extended their rally for the fourth consecutive session in Wednesday’s trade. Today’s rally was led by Infosys, Reliance Industries, HDFC twins, Axis Bank, and TCS. The Sensex was up 208 points at 36,189, while the Nifty rose 58 points at 10,859. The market breadth was positive with 993 shares advancing, 501 shares declining, and 552 remaining unchanged. The Indian rupee opened higher 15 paise to 70.05 against the greenback. All sectoral indices were trading higher on the NSE. Media, metal, IT, and auto were up ~1%…

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US payrolls rise 312,000 as wage gains exceed forecasts

US employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019. Non-farm payrolls increased by 312,000 in December, easily topping all forecasts, after an upwardly revised 176,000 gain the prior month, a Labor Department report showed on Friday. Average hourly earnings rose 3.2% from a year earlier, more than projected and matching the fastest pace since 2009. Meanwhile, the jobless rate rose…

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Sensex, Nifty trade volatile; Dena Bank, Vijaya Bank stocks tumble

Equity benchmark indices opened lower on Thursday amid mixed trends in Asian markets. Realty, FMCG, IT, and PSU Banks were trading higher, while Metal, Media, and Bank Nifty were in the negative zone. The Sensex is up 10 points at 35,900, and the Nifty is down 14 points at 10,778. The market breadth is narrow with 741 shares advancing, while 723 shares declining, and 565 shares remaining unchanged. Oil marketing stocks were trading lower with crude oil prices inching higher. HPCL, BPCL, and IOC…

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Stock Recommendations for Dec 31st, 2018 – Jan 4th, 2019

  Stock Pick Observation Company Steel Authority of India Ltd The stock has formed a large bullish candlestick on the daily chart backed by a surge in volumes. It is also on the verge of witnessing a double bottom breakout on the daily chart. The stock has also shown strong momentum on the daily MACD-Histogram. Recommendation Buy or Sell Buy (Cash) Range Rs54.1-54.6 Target Rs57 Stop Loss Rs52.7 Duration 1-week 200 D-EMA Rs68 NSE Code SAIL

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NSE launches weekly options on NIFTY50 Index

National Stock Exchange of India limited (NSE) has received permission from Securities and Exchange Board of India (SEBI) to launch weekly options on NIFTY 50 Index.   NIFTY 50 weekly options will have seven consecutive weekly expiry contracts (excluding the week where monthly contracts expire). On expiry of a weekly contract, exchange shall introduce next weekly contract on rolling basis. The existing three monthly options contracts, three quarterly and eight semi-annual option contracts will also continue to be available. The…

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Vedanta gains 3% as NGT favors Sterlite copper plant operations

Shares of Vedanta were trading 3% higher on Monday as the National Green Tribunal (NGT) dismissed an order passed by the Tamil Nadu government to close the company’s Sterlite copper plant in Thoothukudi. Despite noting various policy lapses and lack of clearances, the NGT allowed the plant to continue operations conditionally on Saturday. Meanwhile, the tribunal has asked Vedanta to deposit Rs2.5cr as a token amount for their failure in controlling emissions. Additionally, the tribunal has directed the company to spend Rs100cr…

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