नोटबंदी: बैंकों में जमा हुए 8.45 लाख करोड़ के पुराने नोट

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मुंबई। नोटबंदी के बाद बैंकों में 500 और 1,000 के पुराने नोटों में कुल 8.45 लाख करोड़ रपए जमा हुए हैं या बदले गए हैं। यह आंकड़ा 27 नवंबर तक का है। रिजर्व बैंक ने एक बयान में यह जानकारी दी। केंद्रीय बैंक ने कहा कि इस दौरान बैंकों ने काउंटर तथा एटीएम के जरिए 2.16 करोड़ रुपए वितरित किए हैं।

गत 8 नवंबर को 500 और 1,000 के नोटों को बंद करने की घोषणा की गई थी। इसके बाद रिजर्व बैंक ने इन नोटों को बैंकों में जमा कराने या उनको   बदलने की व्यवस्था की थी। यह सुविधा रिजर्व बैंक और अन्य वाणिज्यिक बैंकों के काउंटरों के अलावा क्षेत्रीय ग्रामीण बैंकों तथा शहरी सहकारी बैंकों में उपलब्ध है।

केंद्रीय बैंक ने कहा कि 10 नवंबर से 27 नवंबर तक बैंकों ने 8,44,982 करोड़ रपए के नोट जमा किए हैं या बदले हैं। इनमें से 33,948 करोड़ रपए के   पुराने नोट बदले गए हैं और 8,11,033 करोड़ रपए जमा किए हैं। इस दौरान लोगों ने बैंक काउंटरों या एटीएम के जरिए 2,16,617 करोड़ रुपए निकाले हैं।

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Breaking News-शेयर बाजार में बड़ी हलचल संभव-Sahre Market Live

-कमल शर्मा
stock-market-liveभारतीय शेयर बाजार में इस सप्‍ताह बड़ी हलचल रहने की पूरी पूरी संभावना है क्‍योंकि 25 फरवरी से शुरू हो रहे सप्‍ताह में रेल बजट, आर्थिक सर्वे और आम बजट पेश होगा। इस सप्‍ताह शेयर बाजार के…खिलाडि़यों का पूरा ध्‍यान नई दिल्‍ली की ओर लगा रहेगा कि वहाँ से किस तरह की घोषणाएँ होती हैं। मौजूदा केंद्र सरकार का यह आखिरी आम बजट है, जिसमें लोक लुभावन वादे होने की अधिक संभावना है ताकि अगले आम… चुनाव में जीत हासिल की जा सके।

भारतीय शेयर बाजार पर इस सप्‍ताह नई दिल्‍ली में होने वाली घोषणाओं का असर दिखाई देगा लेकिन हमारे शेयर बाजार काफी समय से अमरीकी और एशियाई शेयर बाजारों का अनुसरण कर रहे हैं,जिससे यहाँ घोषित होने वाली सकारात्‍मक घोषणाओं का कुछ समय तो असर रह सकता है लेकिन सारी चाल अमेरिकी एवं एशियाई बाजारों के रुझान पर निर्भर करेगी।

बॉम्‍बे स्‍टॉक एक्‍सचेंज यानी बीएसई सेंसेक्‍स के इस सप्‍ताह 18180 से 16647 और निफ्टी के 5348 से 4905 अंक के बीच घूमते रहने की संभावना अधिक है।

तकनीकी विश्‍लेषक हितेंद्र वासुदेव का कहना है कि बीएसई सेंसेक्‍स के लिए इस सप्‍ताह 18274-18509 का रेसिस्टेंस अहम है। यदि बाजार इस स्‍तर को पार कर जाता है तो  सुधार के संकेत दिखाई देंगे अन्‍यथा शेयर बाजार को किसी चमत्‍कार की जरुरत रहेगी। सेंसेक्‍स पिछले सप्‍ताह भी इस स्‍तर को पार करने में विफल रहा ओर 801 अंक की   गिरावट देखने को मिली थी।

इस सप्‍ताह एचडीएफसी बैंक, सेंचुरियन बैंक ऑफ पंजाब, जिंदल स्‍टील, पार्ले सॉफ्टवेयर और सीमेंस की ताजा घोषणाओं पर नजर रहेगी। शेयर बाजार में फ्रंटरनर की भूमिका   में, एल एंड टी, मारुति सुजुकी, एचडीएफसी रहेंगे। इसके अलावा एनटीपीसी, एलआईसी हाउसिंग, फुलफोर्ड इंडिया, हीरो होंडा, थ्री एम इंडिया, वोल्‍टास, पीएसएल, सेसा   गोवा, एबीजी शीपयार्ड, मैक्‍नली भारत, कॉम्‍युलिंक सिस्‍टम और अपार इंडस्‍ट्रीज के शेयरों पर निवेशक ध्‍यान दे सकते हैं।

•य‍ह लेखक की निजी राय है। किसी भी प्रकार की जोखिम की जवाबदारी वेबदुनिया की नहीं होगी। Source: https://goo.gl/AsRYO2

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Sensex, Nifty Hold Early Gains; Mid, Smallcap Outperform Again

market-at-higher-point1-capitalheight10:15 am FII View: Gautam Chhaochharia, Head of India Research at UBS Securities, said that the longer India story remains intact. Demonetization doesn’t impair the economic trajectory in the long term. He said he is estimating a 3-6 month disruption which may have been priced in by many stocks already.

It is difficult to assess the impact on GDP rate owing to cash ban. “It is difficult to take a linear view,” he said, adding that he believes the GDP for this fiscal year could be about 6 percent, but it will go up to 8 percent because of base effect.

Nifty earnings growth in FY17 will be 5 percent, and 14 percent for FY18, he said.

FIIs have been net sellers in the last two weeks on buzz that the US Fed will hike rates and make borrowings expensive. Till a week ago, markets were EM driven, he said, admitting that over the last week India has been under performing a bit.

10:00 am Market Check Equity benchmarks retained early gains with the Nifty holding 8150 level, supported by banking & financials, auto, infra, oil and metals stocks. However, healthcare stocks were under pressure.

The 30-share BSE Sensex was up 114.15 points at 26464.32 and the 50-share NSE Nifty rose 37 points to 8163.90. The broader markets continued to outperform benchmarks as the BSE Midcap index was up 0.9 percent and Smallcap gained 1 percent on strong breadth.

About 1476 shares advanced against 390 declining shares on the exchange.

HDFC, Maruti Suzuki, Coal India, Reliance Industries, GAIL and Mahindra & Mahindra were top gainers among Sensex 30 stocks, up 1-2 percent whereas Infosys, Infosys, Lupin, Axis Bank, HUL and Cipla declined.

Japanese markets slipped in a mostly lower Asian trading session, despite the release of government data hinting at a stabilization in domestic demand. The country’s seasonally adjusted unemployment rate was steady in October at 3 percent, the same level as August.

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Asia Markets Open Mixed; Nikkei Down, Kospi And ASX Trade Flat

kopsiAsia markets were mixed on Tuesday, taking cues from the US where a post-election rally appeared to stumble.

Traders also looked ahead to key global events set to take place this week, including a meeting on Wednesday between the world’s largest oil producers, and the release of the US nonfarm payroll report on Friday.

In Japan, the Nikkei 225 opened down 0.41 percent, while the Topix fell 0.34 percent.

Japanese shares were likely pressured by a slightly stronger yen, which traded at 111.94 against the dollar on Tuesday morning in Asia, climbing from levels near 113.00 in the previous week.

Major exporters sensitive to the yen traded mixed. Among automakers, Toyota was down 0.47 percent, Honda was off by 1.05 percent and Mazda fell 1.02 percent. Electronics maker Sharp was down 0.54 percent, while Canon and Nikon climbed 0.16 and 1.27 percent, respectively.

In South Korea, the Kospi was flat at 1,977.69, with shares of electronics giant Samsung up 0.18 percent. The smartphone maker said in a statement on Tuesday it was reviewing if it should transition to a holding company structure.

The announcement comes after US activist hedge fund Elliott Management proposed in October the company split itself into a holding vehicle for ownership purposes and an operating company, according to Reuters.

Samsung also said it will allocate 50 percent of its free cash flow to shareholder returns for 2016 and 2017, and said it would pay a dividend of 28,500 won (USD 24.36) per share in 2016, up 36 percent on-year.

Meanwhile, Australia’s benchmark ASX 200 was flat at 5,469.20.

The Dow Jones industrial average closed 54.24 points, or 0.28 percent, lower at 19,097.90. The S&P 500 index fell 11.63 points, or 0.53 percent, to close at 2,201.72, while the Nasdaq dropped 30.11 points, or 0.56 percent, to end at 5,368.81.

In the currency market, the dollar pulled back against a basket of currencies to last trade at 101.33, after falling to a session low of 100.64 earlier. That was down from levels near 102.00 in the previous week.

The slip in the dollar saw other major currencies trade higher; the Australian dollar was at USD 0.7492, up from levels below USD 0.7400 last week. The euro was at USD 1.0614, climbing from below $1.055, while the pound traded at USD 1.2409.

Treasurys also rose in the US on Monday, with the two-year note yield dropping to 1.107 percent, while the benchmark 10-year yield traded lower at 2.314 percent.

The pull-back across asset classes could suggest market watchers’ enthusiasm for the Trump administration was waning.

But some analysts pointed out that the change in direction was more indicative of short-term market moves, rather than any fundamental reassessment of what Trump’s economic policies might look like in practice.

“We are much more inclined to view the dollar-yen-led decline in the dollar, modest dip in bond yields and softer stocks as more reflective of short-term market positioning,” Ray Attrill, global co-head of foreign exchange strategy at the National Australia Bank, said in a note.

Oil prices gained more than 2 percent during the US session on Monday, ahead of OPEC’ s official meeting Wednesday.

On Sunday, Saudi Arabian energy minister Khalid al-Falih had cast fresh doubts over the cartel’s ability to agree a proposed production cut when he said the oil market, currently suffering from a supply glut, would rebalance in 2017 even without intervention from producers, reported Reuters.

Meanwhile, a Monday meeting between OPEC and non-OPEC producers was called off after Saudi Arabia declined to attend, Reuters added.

US crude futures closed up 2.21 percent at USD 47.08 a barrel on Monday, while global benchmark Brent climbed 2.12 percent to USD 48.24.

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Sensex, Nifty May Stay flat; Idea, Tata Steel in Focus

stock market news capitalheightThe SGX Nifty indicates a tepid start for Indian market as US markets slipped the most in four weeks as Trump-fuelled rally fades. Asia markets were mixed, taking cues from the US where a post-election rally appeared to stumble.

Traders also looked ahead to key global events set to take place this week, including a meeting on Wednesday between the world’s largest oil producers, and the release of the US nonfarm payroll report on Friday.

Japanese shares were likely pressured by a slightly stronger yen, which traded at 111.94 against the dollar on Tuesday morning in Asia, climbing from levels near 113.00 in the previous week.

US stocks declined for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.

Back home, the 30-share BSE Sensex was up 33.83 points at 26350.17 and the 50-share NSE Nifty gained 12.60 points at 8126.90 while the BSE Midcap index jumped 1 percent and Smallcap rose 0.66 percent on positive breadth. About 1658 shares advanced against 936 declining shares on the exchange.

In a move to spur deposits, the Reserve Bank of India has eased current cash withdrawal limits of legal tender notes at banks and ATMs on or after November 29. New Rs 2000 and 500 notes will be issued for such withdrawals.

Idea Cellular may be in focus as it puts its entire tower assets on the block. It eyes a billion dollars from the sale of nearly 11,000 telecom towers.

Tata Steel has entered into an agreement to sell its speciality business in the United Kingdom. Liberty House will buy the assets for 100 million pounds.

Among asset classes the dollar edged down against a basket of major currencies surrendering some gains after a sharp rally that followed Donald Trump’s surprise victory in the US Presidential election. The dollar had surged more than 4 percent against a basket of currencies in the wake of the election earlier this month- but has now retreated from its 14-year high.

Prices pared gains after a source said OPEC experts ended their meeting on Monday without agreeing on concrete details of a planned reduction in oil output by individual countries. Details are supposed to be presented to an OPEC ministerial gathering tomorrow. With OPEC scrambling to rescue the deal, analyst are warning of a sharp price correction if the producer group fails.

Gold prices rose more than 1 percent, recovering from their lowest levels since February as the dollar and long-dated US treasury bond yields retreated from recent highs.

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Govt Removes Excise Duty on POS Machine Manufacturing

credit_card_Government today removed excise duty on goods for manufacturing of POS (Point of Sale) machines that are in great demand as merchants are being compelled to use them in the wake of currency crisis.

“POS machines will be exempted from 12.5 percent excise duty and 4 percent SAD (Special Additional Duty) till March 31, 2017,” a source said.

A notification to this effect was tabled by Finance Minister Arun Jaitley in the Lok Sabha today amid uproar over the demonetization issue.

The notification “exempts Central Excise/CV duty on all goods for manufacture of POS devices subject to actual user condition and these exemptions will be valid till March 31, 2017”.

There has been spurt in demand for POS machines on account of cash crunch following scrapping of high value currency notes of Rs 500/1,000 by the government with effect from mid-night of November 8.

The POS machines are handheld devices which are being increasingly used by merchants to accept payments for goods sold through credit and debit cards.

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Live Stock Market Updates – Nifty holds 8,100 mark; Bharti Airtel up 4.6%

nse-buildingThe domestic market are trading flat due to lack of directional cues from global markets.The Indian stock market has opened in red as the Sensex is down 118.97 points, while the Nifty50 is down 39.25 points. Banking stocks slip in opening trade after RBI hikes CRR on incremental deposits. The central bank hopes to curtail surging banking system liquidity that risks stocking inflation.

At 1:24 PM, the S&P BSE Sensex is trading at 26,333, up 17 points, while NSE Nifty is trading at 8,136 up 22 points. Out of 1,889 stocks traded on the NSE, 400 declined, 1,150 advanced and 339 remained unchanged today.

A total of 17 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.69% at 12,267, whereas BSE Small-cap Index is trading up 0.82% at 12,127.

Power Grid, BPCL, Idea Cellular, Bharti Airtel and Hero MotoCorp are among the gainers, whereas Bank of Baroda, ICICI Bank, SBI, Wipro and TCS are losing sheen on BSE.

Some buying activity is seen in media, metal, auto, pharma and IT sectors, while PSU Bank, Bank Nifty and Private Bank are showing weakness on NSE.

The INDIA VIX is down 2.01% at 17.2575.

Suzlon Energy has secured a fourth consecutive order for 50.40MW wind power project from a business house. The project consists of 24 units of S95 90m tubular tower with rated capacity of 2.1 MW. Located in the district of Anantapur, Andhra Pradesh, the project is scheduled for completion in March 2017. The stock is currently trading at Rs 14.87, up by Rs 0.29 or 1.99% from its previous closing of Rs 14.58 on the BSE.

ICICI Bank Ltd is currently trading at Rs 255.1, down by Rs 4.75 or 1.83% from its previous closing of Rs 259.85 on the BSE. Around 21.3 lakh shares were traded in a single block.

Thirumalai Chemicals reported a net profit of Rs 37 crore for the first half of financial year 2017 as against a profit of Rs 4 crore a year ago. The stock is currently trading at Rs 719.05, up by Rs 34.2 or 4.99% from its previous closing of Rs 684.85 on the BSE.

Amtek Auto Ltd has informed BSE that a meeting of the Board of Directors of the Company meeting will be held on November 30, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the Company as proposed by investors.

Cipla rose 1.6%. Cipla Ltd is in discussions to sell Cipla Vet, its animal health division, as per media report. According to the report, the company hired global investment bank Rothschild to find potential buyers.

Shares of airline stocks rose on Monday as uncertainty over the deal to cut output by the Organization of the Petroleum Exporting Countries at a meeting on Wednesday pushed oil prices down. SpiceJet reported a rise of 103% in its net profit for the second quarter of 2016-17. The company’s Q2 net profit stood at Rs 58.9 crore from Rs 29 crore reported in the corresponding quarter of 2015-16.

Ashok Leyland inched up 1.2%. Ashok Leyland has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures formed between the two companies.

Aurobindo Pharma is trading lower at Rs 736. Arrow Generiques SAS, the French subsidiary of Aurobindo Pharma, has signed an agreement to acquire select commercial products in France from Teva.

BEML zoomed 2.5%. The company reported standalone net loss narrowed to Rs 16.6 crore for the second quarter ended September 30, 2016, against that of Rs 24.6 crore in the corresponding quarter of previous fiscal.

Strides Shasun gained 1%. Strides Shasun’s wholly owned subsidiary Strides Arcolab International, UK has entered into an agreement with Moberg Pharma, Sweden to acquire the ‘PediaCare’ brand for a total consideration of $5 million plus inventory value at closing.

Hathway Cable & Datacom slipped 2.6%. The company has reported a net loss of Rs 40 crore for the quarter under review as compared to a net loss of Rs 32 crore for the same quarter in the previous year.

The BSE Oil and Gas index is trading up 1.6% or 190 points at 11,943 as against the previous close of 11,753.

The BSE Oil and Gas index opened at and hit a high of 11,953.45 and a low of 11,705. The oil stocks are trading higher as international oil prices decline after a planned meeting today between OPEC and non-OPEC producers was canceled.

Oil rebounds from 2% losses as OPEC embarks on a last-ditch diplomatic push to reach a production cut and will meet in Vienna on Wednesday; a meeting with non-OPEC producers today was canceled after Saudi Arabia decided not to attend and suggested the oil-club doesn’t necessarily need to curb output.

Hindustan Petroleum Corporation Ltd is currently trading at Rs 479.4, up by Rs 17.2 or 3.72% from its previous closing of Rs 462.2 on the BSE. The scrip opened at Rs 464 and has touched a high and low of Rs 481.25 and Rs 462.35 respectively. So far 2129614 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 46954.05 crore.

Bharat Petroleum Corporation Ltd is currently trading at Rs 659.9, up by Rs 20.25 or 3.17% from its previous closing of Rs 639.65 on the BSE. The scrip opened at Rs 639.65 and has touched a high and low of Rs 663.85 and Rs 639.65 respectively. So far 1597983 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 92504.17 crore.

Indian Oil Corporation Ltd is currently trading at Rs 304, up by Rs 7.5 or 2.53% from its previous closing of Rs 296.5 on the BSE. The scrip opened at Rs 297 and has touched a high and low of Rs 306.3 and Rs 295.5 respectively. So far 1239474 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 143977.58 crore.

Oil India Ltd is currently trading at Rs 442.05, up by Rs 5.15 or 1.18% from its previous closing of Rs 436.9 on the BSE. The company will announce its Q2 numbers today.

Rajshree Sugars & Chemicals climbed 5.3%. The company has entered into a share purchase agreement with the prospective buyer, for the sale of the wholly-owned subsidiary Company Trident Sugars, having the sugar factory at Telangana. As per the said agreement, the prospective buyer is expected to close the sale transaction by March 31, 2017.

GPT Infraprojects advanced 1%. The company announced bourses that it has bagged an order value at Rs 73 crore from Rail Vikas Nigam Ltd.

Uflex zoomed 5.6%. The company reported 17% rise in consolidated net profit to Rs 90 crore for the quarter ended on September 30, 2016. It had posted a net profit of Rs 77 crore for July-September quarter in the year-ago period.

State Bank of India slipped 2% on the BSE. The bank said it will raise Rs 56.81 billion by issuance of preferential shares to the central government, its majority shareholder.

The Indian rupee opened higher by four paise at 68.42/$ against the previous close of 68.46/$.

The demonetization drive of the government is likely to see some protests on the street in various parts of the country as few political parties have joined hands for ‘Akrosh Divas.’

Parliament may see less activity today as attention will be on the protests and dealing with the Opposition tirade. The old tradition of Black Friday is losing its charm abroad; online sales on Thanksgiving and Black Friday rose about 18 pc to $5.27 bn.

Saudi Arabia seems to suggest that oil producers need not reduce output. With the Dow Jones having crossed the key milestone of 19000 & the S&P 2200 markets could see consolidation globally as investors take stock of the last fortnight. Also the rise in bond yields in tandem with the US $ may not last & pause here would be prudent as markets digest the gains.

Falling crude prices cooled Asian shares while the dollar has stepped back against Asian peers. India’s foreign exchange reserves fell for the second consecutive by $1.542 bn to $365.5 bn in the week ended Nov 18.

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Buzzing Stocks: Amtek Auto, Suzlon, Sagar Cements soar, while SBI, Hathway Cable drop

Buzzing StocksSuzlon Energy has secured a fourth consecutive order for 50.40MW wind power project from a business house. The project consists of 24 units of S95 90m tubular tower with rated capacity of 2.1 MW. Located in the district of Anantapur, Andhra Pradesh, the project is scheduled for completion in March 2017. The stock is currently trading at Rs 14.87, up by Rs 0.29 or 1.99% from its previous closing of Rs 14.58 on the BSE.

Sagar Cements Ltd is currently trading at Rs 726.55, up by Rs 106.65 or 17.2% from its previous closing of Rs 619.9 on the BSE. The Board at its meeting held on November 28, 2016 inter-alia, fixed an issue price of Rs 800 per equity share (which includes a premium of Rs 790 per share) for the 6,11,986 equity shares of Rs 10 each of the company being issued for cash on a preferential basis, subject to receipt of further necessary approvals as may be required.

ICICI Bank Ltd is currently trading at Rs 255.1, down by Rs 4.75 or 1.83% from its previous closing of Rs 259.85 on the BSE. Around 21.3 lakh shares were traded in a single block.

Thirumalai Chemicals reported a net profit of Rs 37 crore for the first half of financial year 2017 as against a profit of Rs 4 crore a year ago. The stock is currently trading at Rs 719.05, up by Rs 34.2 or 4.99% from its previous closing of Rs 684.85 on the BSE.

Amtek Auto Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 30, to consider the proposal of infusion of fresh equity by the new investors and restructuring of the Company as proposed by investors. The stock is currently trading at Rs 41.2, up by Rs 2.6 or 6.74% from its previous closing of Rs 38.6 on the BSE.

Cipla rose 1.6%. Cipla Ltd is in discussions to sell Cipla Vet, its animal health division, as per media reports. According to the report, the company hired global investment bank Rothschild to find potential buyers.

Shares of airline stocks rose on Monday as uncertainty over the deal to cut output by the Organization of the Petroleum Exporting Countries at a meeting on Wednesday pushed oil prices down. SpiceJet reported a rise of 103% in its net profit for the second quarter of 2016-17. The company’s Q2 net profit stood at Rs 58.9 crore from Rs 29 crore reported in the corresponding quarter of 2015-16.

Ashok Leyland inched up 1.2%. Ashok Leyland has completed the acquisition of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures formed between the two companies.

Aurobindo Pharma is trading lower at Rs 736. Arrow Generiques SAS, the French subsidiary of Aurobindo Pharma, has signed an agreement to acquire select commercial products in France from Teva.

BEML zoomed 2.5%. The company reported standalone net loss narrowed to Rs 16.6 crore for the second quarter ended September 30, 2016, against that of Rs 24.6 crore in the corresponding quarter of previous fiscal.

Strides Shasun gained 1%. Strides Shasun’s wholly owned subsidiary Strides Arcolab International, UK has entered into an agreement with Moberg Pharma, Sweden to acquire the ‘PediaCare’ brand for a total consideration of $5 million plus inventory value at closing.

Hathway Cable & Datacom slipped 2.6%. The company has reported a net loss of Rs 40 crore for the quarter under review as compared to a net loss of Rs 32 crore for the same quarter in the previous year.

The BSE Oil and Gas index is trading up 1.6% or 190 points at 11,943 as against the previous close of 11,753.

The BSE Oil and Gas index opened at and hit a high of 11,953.45 and a low of 11,705. The oil stocks are trading higher as international oil prices declined after a planned meeting today between OPEC and non-OPEC producers was canceled.

Oil rebounds from 2% losses as OPEC embarks on a last-ditch diplomatic push to reach a production cut and will meet in Vienna on Wednesday; a meeting with non-OPEC producers today was canceled after Saudi Arabia decided not to attend and suggested the oil-club doesn’t necessarily need to curb output.

Hindustan Petroleum Corporation Ltd is currently trading at Rs 479.4, up by Rs 17.2 or 3.72% from its previous closing of Rs 462.2 on the BSE. The scrip opened at Rs 464 and has touched a high and low of Rs 481.25 and Rs 462.35 respectively. So far 2129614 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 46954.05 crore.

Bharat Petroleum Corporation Ltd is currently trading at Rs 659.9, up by Rs 20.25 or 3.17% from its previous closing of Rs 639.65 on the BSE. The scrip opened at Rs 639.65 and has touched a high and low of Rs 663.85 and Rs 639.65 respectively. So far 1597983 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 92504.17 crore.

Indian Oil Corporation Ltd is currently trading at Rs 304, up by Rs 7.5 or 2.53% from its previous closing of Rs 296.5 on the BSE. The scrip opened at Rs 297 and has touched a high and low of Rs 306.3 and Rs 295.5 respectively. So far 1239474 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 143977.58 crore.

Oil India Ltd is currently trading at Rs 442.05, up by Rs 5.15 or 1.18% from its previous closing of Rs 436.9 on the BSE. The company will announce its Q2 numbers today.

Rajshree Sugars & Chemicals climbed 5.3%. The company has entered into a share purchase agreement with the prospective buyer, for the sale of the wholly-owned subsidiary Company Trident Sugars, having the sugar factory at Telangana. As per the said agreement, the prospective buyer is expected to close the sale transaction by March 31, 2017.

GPT Infraprojects advanced 1%. The company announced to bourses that it has bagged an order value of Rs 73 crore from Rail Vikas Nigam Ltd.

Uflex zoomed 5.6%. The company reported 17% rise in consolidated net profit to Rs 90 crore for the quarter ended on September 30, 2016. It had posted a net profit of Rs 77 crore for July-September quarter in the year-ago period.

State Bank of India slipped 2% on the BSE. The bank said it will raise Rs 56.81 billion by issuance of preferential shares to the central government, its majority shareholder.

Amtek Auto Ltd
BSE 40.90 2.30 (5.96%)
NSE 40.80 2.10 (5.43%)

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Tata Chemicals Clocks 1.5% Gain on the Bourses

tata-chemicalsTata Chemicals Ltd is currently trading at Rs 473.1, up by Rs 8.05 or 1.73% from its previous closing of Rs 465.05 on the BSE.

The company has received an approval from the CCI for the proposed acquisition of its urea and customized fertilizers business by Norway’s Yara Fertilisers. Under the deal, Tata Chemicals will sell its urea plant in Babrala, Uttar Pradesh, which has an annual capacity of about 1.2 million tonnes for an estimated Rs 2,670 crore.

The scrip opened at Rs 470 and has touched a high and low of Rs 481 and Rs 467 respectively. So far 332448 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 11847.61 crore.

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high of Rs 585.1 on 24-Oct-2016 and a 52 week low of Rs 310.05 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 468.05 and Rs 445.5 respectively.

The promoters holding in the company stood at 30.8 % while Institutions and Non-Institutions held 48.1 % and 21.1 % respectively.

The stock is currently trading below its 50 DMA.

Tata Chemicals Ltd
BSE 472.15 7.10 (1.53%)
NSE 471.80 5.90 (1.27%)

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Nifty Eyes 8150; SBI Tanks 5%, Auto & Oil Stocks Lead

Bussing stocks11:55 am Exclusive: Speaking to CNBC-TV18 from the sidelines of Pune Inc Conclave Power Minister Piyush Goyal said demonetization has huge advantages. It will take India to digital banking and make it a cashless society.

He said the government will use the money from demonetization to pump prime economy.

When asked what one should expect from the Union Budget on February 1, Goyal said ‘Good things’. He said: “The Finance Minister over the last three Budgets – July’14, Feb’15 and Feb’16 has consistently worked on a series of measures. He focused on a sustainable framework for India’s development.”

FM Arun Jaitley never tinkered with rates, minor changes but looked at structural improvements, so that India could move towards and economy, which like China sees 2-3 decades of high-level growth, said Goyal.

11:45 am Sameer Nair Group CEO of Balaji Telefilms says that new shows have a much lower margin and hopes to have 10 shows on air by FY17 end.

TV business gross margin is likely to be up 25 percent by this fiscal year, he believes.

The plan now is to get next releases of movies in the next fiscal year, he says, adding that film business will likely book profit in FY18.

Balaji Telefilms will look to air new shows on Sony, Sun TV and Doordarshan.

11:30 am Exclusive: The demonetization move by the government on November 8 seems to have put the buzzing FMCG sector on a pause mode.

Industry sources told CNBC-TV18 that top FMCG companies like HUL , Nestle India , ITC, as well as Dabur are adopting a ‘wait and watch’ mode with regards to new product launches and may defer new launches of high-end, premium products by one-two quarters.

They would look at geography specific launches to minimise the impact of demonetization, say sources, adding that the worst hit categories are luxury chocolates, premium cookies and ice-creams.

Nestle, ITC may defer launches in premium chocolate, confectionery & cookies space, and HUL, Dabur may defer product launches in premium personal care space, say industry sources.

The market has recovered from early weakness but the Nifty is almost nearing 8150. The 50-share index is up 6.80 points at 8121.10 and the Sensex is up 21.34 points at 26337.68. About 1457 shares have advanced, 652 shares declined, and 112 shares are unchanged.

Bharti Airtel, Cipla, Hero MotoCorp, BHEL and Bajaj Auto are top gainers while ICICI Bank, Wipro, TCS and Axis Bank are losers in the Sensex. SBI is down 5 percent intraday on Monday after RBI increased cash reserve ratio (CRR).

India is proving to be immune from the heavy selling in global emerging market debt, as Prime Minister Narendra Modi’s clampdown on undeclared cash has sparked expectations of a rate cut and pushed issuers to take advantage of low yields.

Indian Railways Finance Corporation, NTPC, Vedanta Resources, Exim India and Axis Bank all rushed to print rupee notes last week to access cheaper funding.

“The debt market is very compelling,” said Killol Pandya, head of fixed income at Peerless Funds Management. “Issuers that were otherwise going to banks are approaching the bond market as banks are yet to cut lending rates.”

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