CH Stock Market Closing Bell 06-October-2017

CH CLOSING BELL:

NIFTY FUTURE UP 109 @ 10017

BANK NIFTY FUTURE UP 137 @ 24245

SENSEX UP 244 @ 31836

INR 65.33

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Despite cut Fuel Rate 2.5 Times of Singapore Benchmark

A cut of up to Rs 2.5 per litre in petrol and diesel prices notwithstanding, auto fuel rates in India are about twice the Singapore benchmark with taxes accounting for nearly half the current rates, Moody’s Investors Service said today.

The government this week cut excise duty by Rs 2 per litre as part of efforts to reduce the prices of petrol and diesel. Petrol in Delhi now costs Rs 68.38 a litre, down from Rs 70.88. A litre of diesel now comes for Rs 56.89 as against Rs 59.14 previously.

“The retail selling prices of petrol and diesel in India even after the reduction is approximately 2.5 and 2 times that of Singapore benchmark prices respectively. As much as 42-50 per cent of the retail selling prices will continue to go to the government as taxes,” it said.

Falling retail prices could stimulate demand for petrol and diesel in India, which will be credit positive for oil marketing companies as it will result in higher earnings.

Even though the consumption of petroleum products continues to grow, the rate of growth has slowed considerably from fiscal 2016 when prices were at their lowest, it said.

“We expect international prices to stay near current levels for the rest of the year as demand for heating oil in the coming winter months will be compensated by the return of refining capacity that was disrupted by Hurricane Harvey in North America.

“Hence more price falls will only be possible through further reductions in the tax component of prices. Rupee depreciation could be another source of price increase that may need to be compensated by the reduction in taxes,” Moody’s said.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Market Live: Sensex Holds on to Strong Gains

The initial public offer (IPO) of Godrej Agrovet was oversubscribed 22.67 times on Friday so far.

The IPO which was to raise around Rs 1,157 crore, received bids for 40,87,63,008 shares against the total issue size of 1,80,27,464 shares, data available with the NSE showed.

Godrej Agrovet earlier this week raised a little over Rs 341 crore from anchor investors.

Markets extend the upmove with Sensex gaining 167.96 points, or 0.53%, at 31,759.99, and the Nifty up 68.85 points, or 0.70%, at 9,957.55.

About 1,622 shares advanced, 874 shares declined, and 97 shares were unchanged.

Tata Steel, NTPC, Sun Pharma, SBI, ONGC top gainers on Sensex; Hero Motocorp, HDFC, ICICI Bank, Tata Motors (D) and Dr Reddys Labs top losers on Sensex

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

GST Rates to be Cut

Booster shot for economy: GST rates to be cut on 60 goods and services

About 60 goods and services are likely to get cheaper, with Finance Minister Arun Jaitley expected to push for big tax rate cuts in the GST Council meeting on Friday as part of a broader strategy to help the economy claw out of a three-year growth slump.

Prime Minister Narendra Modi brainstormed for over three hours with Jaitley and BJP president Amit Shah on Thursday, taking stock of the current state of the Indian economy that is smarting under an untidy goods and services tax (GST) rollout and the lingering effects of demonetisation.

According to an official, who did not wish to be identified, the Centre is going to propose GST rate cuts in many items that fall in the highest tax bracket of 28 percent.

Besides, the GST rates on several goods and services may be cut from 18 to 12 percent.

“A decision towards this is yet to be taken as it would require Council’s approval,” the official said.

The rate cuts, if announced on Friday, will help boost household spending just in time for the pre-Diwali buying season.

GST has a four broad slab structure – 5, 12, 18 and 28 percent – along with a cess on luxury and demerit goods such as tobacco, pan masala and aerated drinks.

The states would receive provisional compensation from Centre for loss of revenue due to abolition of taxes such as VAT (value added tax), octroi and implementation of new tax system.

The compensation would be met through levy of a ‘GST Compensation Cess’ on luxury items and sin goods like tobacco, for the first five years.

The government also plans to introduce slew of measures to reduce compliance burden for small taxpayers struggling under the country’s new indirect tax system, GST that was rolled out from July 1.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Top Stocks for Trade Today

शेयरों की हर हलचल पर पैनी नजर रखकर अपने निवेश को सुरक्षित जरूर किया जा सकता है। यहां हम बता रहे हैं ऐसे शेयर जो रहेंगे आज खबरों में और जिन पर होगी बाजार की नजर

फ्यूचर रिटेल / शॉपर्स स्टॉप

फ्यूचर रिटेल ने हाइपर सिटी को खरीदने का एलान किया है। फ्यूचर रिटेल ने 655 करोड़ रुपये में डील का एलान किया है। 3 से 5 महीने में सौदा पूरा होने की उम्मीद है।

आईडीएफसी / श्रीराम ट्रांसपोर्ट / आईडीएफसी बैंक

श्रीराम ग्रुप और आईडीएफसी ग्रुप ने सौदे पर बातचीत 1 महीने के लिए बढ़ाई है। आईडीएफसी और श्रीराम ट्रांसपोर्ट के मर्जर के सौदे पर बातचीत जारी है।

चीनी कंपनियां

अक्टूबर में चीनी उत्पादन लक्ष्य का सिर्फ 40 फीसदी रह सकता है। 8 लाख टन के मुकाबले सिर्फ 3.5 लाख टन चीनी उत्पादन संभव है। ज्यादातर चीनी मिलें अक्टूबर के पहले हफ्ते के बजाय चौथे हफ्ते में पेराई शुरू करेंगी।

जेएसडब्ल्यू एनर्जी / अदानी पावर / टाटा पावर

बिजली की स्पॉट कीमतें बढ़कर 5.62 रुपये प्रति केडब्ल्यूएच पर पहुंच गई हैं।

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Stock Market Opening Bell for 06-October-2017

CH OPENING BELL:

NIFTY FUTURE UP 21 @ 9930

BANK NIFTY FUTURE UP 28 @ 24135

SENSEX UP 41 @ 31633

INR 65.23

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

International Market Update by Money CapitalHeight

INTERNATIONAL MARKET UPDATE

GOLD $ 1271.05

SILVER $ 16.62

COPPER $ 3.04

CRUDE $ 50.76

INR 65.25

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

World Market Update by Money CapitalHeight

WORLD MARKET UPDATE

HANG SENG 99

NIKKEI 50

SHANGHAI 9.5

DOWJONES 113.75

NASDAQ 50.73

SGX NIFTY 10

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Bank Nifty Market Trend for 06-October-2017

BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 23750

SUPP 2: 23535

RES 1:24260

RES 2: 24450

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 06-October-2017

GOOD MORNING

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9815

SUPP 2: 9750

RES 1: 9965

RES 2: 10030

RES 2: 10030

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8