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Tuesday, 15 April 2014

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Tuesday market sensex falls 144 points, Nifty falls 43 point. The benchmark sensex opened higher side 22698 against the previous close of 22629. It touched a high 22737 and low of 22416 before closing at 22485.Turnover on BSE was almost flat at Rs.2873 cr against Rs.2849 cr recorded on Friday.

Data released by the government showed that the wholesale price index accelerated in march. The index for industrial production witnessed a contraction in February as manufacturing activity shrunk. On Friday the government said India’s merchandise exports declined for the second month in a row in March. Increase in crude oil prices concerns on current account and fiscal deficits.
FII, who turned net seller in equity, sold shares worth a net Rs 362.29 cr on Friday. The stock market was closed on Monday on account of Ambedkar Jayanti. 

Metal and mining stocks edged lower as china’s fresh fell 19% in march from a year earliar. China the world’s largest consumer of copper and aluminium.  Most metal and mining stocks such as Tata steel, Sesa sterlite, JSW Steel, SAIL, NMDC, Hind Copper ,Nalco, Hind Zinc, Jindal steel and Power, Hindalco industries were down.

The Major Gainers for the day FRL-18%, United Sprits-12%, Pipavav defence-5%, Tata Comm-4%, TCS-4%, MCX-4% and Wipro-4%. Top losers are Suzlon-7%, DLF-6%, Bank of India-6%, SAIL-5%, Yes Bank-5%, JSW Energy-5%, Adani Enterprices-5% and Hindalco-4%.

Wednesday, 9 April 2014

NIfty closed at 6796 up 101 point

After three days of consolidation, equity benchmarks set another record closing high on Wednesday with the Nifty hitting 6800 mark supported largely by banking and financial stocks.

 The Sensex and the Nifty surged over 1.5% at the closing session on Wednesday on heavy capital inflows led by IMF’s forecast of better growth prospects for India in 2014.

 In its World Economic Out look, the IMF projected India’s GDP to grow at 5.4% in 2014 and 6.4% in 2015. It said “In India, real GDP growth is projected to strengthen, partly due to government efforts to revive investment growth”.

The Sensex was up 358.89 points or 1.61% at 22702.34 and the Nifty was up 101.15 points at 6796.20.

 Barring IT and Teck, all other sector closed green. Among them banking,metal,healthcare and realty indices gained the most by 3.45%,2.26% and 1.85% respectively. On the other hand IT index was down 1.09% and Teck 0.84%.

 Sun pharma , Axis bank, Tata motors, Icici Bank and Hindalco were th top 5 sensex gainers, while the top 5 losers were Infosys, ONGC, TCS, Wipro and Hero Motocorp.

Sunday, 6 April 2014

More Struggle in IT sector companies, Fourth qtr result may be down expected 10 to 15%

 IT sector company’s maximum earning in US market and Europe country based only. Recently US country will given all IT work to local companies for last crisis. Our software company shifted his order taking from Europe country now. But the competition level  our IT sector company losing 70% revenue.

IT sector company 70% revenue losing from incremental voice and call centre business. It is estimated $30 billion in terms of foreign exchange earnings to Philippines, which has become the top destination for Indian investors, “ Assocham Secretary General D S Rawat said. Thus there is a need to reduce costs and make operations leaner across the BPO industry,” he added.

BPO companies could reduce the total operating costs by 20-30% by moving to a low cost city with in India, with a cost differential of  around 10-15% for non-voice processes and upwards of 20% for voice processes. Philippines have a well educated , English speaking , talented and employable graduates. Almost 30% graduates in Philippines are employable unlike 10% in India.

“ Lower attrition rate in smaller towns is a big positive owing to lower recruiting and training costs, while there is comparatively high attrition rate 30-35% in tier 1 cities. Transportation xosts for BPO employees and real estate prices are also lower in smaller cities”. Cities like Ahemedabad, Chandigarh, Coimbatore, Dehradun, Jaipur, Kozhikode, Nagpur Nashik and Palakkad these cities employee requirement 50-60% next five years.

Infosys and TCS company USD based revenue q o q down 0.4%, this qtr Hcl tech and Tech mahendra companies 3% growth in USD based revenue. 

Wednesday, 2 April 2014

RBI bank license given IDFC and Bandhan financial service

Finaly RBI given bank license to two companies.IDFC and Bandhan financial service company will get banking license.

Starting RBI originally received 27 application for bank license. After apply license Tata sons and  Videocon group withdraw his application.

Besides india post the other applicants include state run IFCI and private sector Anil ambani group and Aditya birla group,Muthoot Finance,religare finance and shriram capital.

With regard to the application of the  Department of posts, the RBI accepted the recommendation of the high level screening committee to take further action in consultation with the government. 

At present we have 27 Public sector bank and 22 private sector bank. The RBI has  issued bank license  after a gap of a decade. It last awarded licenses to kotak mahendra bank and Yes bank in 2013-2014.

And now only given two bank license in bandhan financial service and IDFC , Actually Bandhan financial service is micro financial service it is kolkatta based company, and IDFC is a mumbai based company.

For future government strong reference Department of post and LICHSG  application will be issued very shortly expected.

Stock market information

 The sensex and the Nifty gained over 0.4% at the closing session on wednesday.

 The 30 share index sensex was up 105 point and nifty up 34 point positive close.

Bearing sector FMCG and metal sector, other sector indices ended in green. Today healthcare sector up 1.83%, Oil & gas sectore up 1.57%. On other side FMCG sector indices down 1.5% and metal down 0.5%.

Top fve gainers in market Bharti irtel , Tatamotors , Sbi , Cipla and Ongc. While the top five loser ITC, Hindalco, SSLT, HDFC Bankand HUL.

Today pharma sector will strong support to rise. Today wock pharma ride 20%,and ranbaxy nearly 13% and cipla divis lab,drreddy, aurobindo pharma also good movement in today market. Closing time bank nifty rider sbi rise nearly 30 points same as well psu bank also.