Daily Market Feed Pre Market Report No Stimulus Updates Yet, Volatility in NIFTY – Share Market Today News Shots US Investment firm Morgan Stanley buys 1.10% stake in Vodafone Idea. DLF inked an anchor deal with Standard Chartered GBS for upcoming project DLF Downtown, Taramani, Chennai. Zee Entertainment Enterprises has unveiled a new organisational structure, dividing businesses into different verticals for content, technology, and revenue and monetisation. The company has also hired […] Written by Sharique Samsudheen October 22, 2020October 22, 2020
Daily Market Feed Pre Market Report NIFTY to Touch 12,000 Again? Expecting Positive Stimulus Update from the US – Share Market Today News Shots PM Narendra Modi addressed the nation yesterday. He reminded the citizens to be careful and follow safety procedures. Finance Minister Nirmala Sitaraman said an option for a new stimulus is still open. Reliance Jio and Qualcomm successfully tested 1 Gbps 5G speed in India. Hindustan Unilever Q2 profits up 8.7% to Rs 2004 […] Written by Sharique Samsudheen October 21, 2020October 21, 2020
Pre Market Report Local Cues vs Global Cues – Indecision in NIFTY? – Share Market Today News Shots LIC buys 0.97% stake in JSW Steel. Total stake raises to 3.40% from 2.43% in September quarter. L&T wins Rs 25,000 crores contract for Mumbai-Ahmedabad bullet train project. HDFC Life reported a 6 percent YoY increase in its profits in the September quarter. Britannia Industries reported a consolidated net profit of Rs 495.20 […] Written by Sharique Samsudheen October 20, 2020October 20, 2020
Pre Market Report HDFC Bank to be Market Maker or Crasher? – Share Market Today News Shots Promoter Tata Sons raises stake in Tata Power to 45.21% in September quarter Vs 35.21% in June Tata Motors has collaborated with HDFC Bank for financing of its passenger vehicles. Through the partnership, the company has introduced two new schemes — ’Gradual Step Up Scheme’ and ’TML Flexi Drive Scheme’ with an eye […] Written by Sharique Samsudheen October 19, 2020October 19, 2020
Pre Market Report Second COVID Wave? NIFTY to Crash Further? – Share Market Today News Shots Tier 2 lockdown implemented in London as there is a huge spike in COVID 19 cases. Markets around the globe have fallen. Life Insurance Corporation of India (LIC) is planning to divest its stake in IDBI Bank. IT firm Mindtree posted a 87.9 per cent rise in consolidated net profit to Rs 253.7 […] Written by Sharique Samsudheen October 16, 2020October 16, 2020
Daily Market Feed Pre Market Report NIFTY Testing 12,000 Again! – Share Market Today News Shots The Supreme Court has asked the Government to implement ‘interest waiver’ scheme at the earliest, adjourning verdict to November 2. Amazon cannot challenge Future Group deal with Reliance Industries Limited as the deal does not involve Future Coupons (The Future Group subsidiary where Amazon has a stake) “As per Amazon’s contract, it has […] Written by Sharique Samsudheen October 15, 2020October 15, 2020
Pre Market Report Global Markets are Down. NIFTY to Fall? – Share Market Today News Shots Wipro posted a 3.4 per cent decline in consolidated net profit to Rs 2,465.7 crore in the three months ended September. Also, the board approved a proposal to buyback 23.75 crore shares (4.16% equity stake) at Rs 400 per share aggregating to Rs 9,500 crore. Buyback price is at premium of 6.45% to […] Written by Sharique Samsudheen October 14, 2020October 14, 2020
Pre Market Report NIFTY vs 12,000 Again? – Share Market Today News Shots Reliance Jio has become the first mobile service provider to cross 40 crore customers mark in India with a net addition of over 35 lakh subscribers in July. Reliance Jio added 35 lakh subscribers in July 2020, while Vodafone Idea lost 37 lakh users and Bharti Airtel added 32.6 lakh users during the […] Written by Sharique Samsudheen October 13, 2020October 13, 2020
Daily Market Feed Pre Market Report NIFTY to Cross 12,000 Today? – Share Market Today News Shots All eyes on Wipro as it is going to announce its Q2 results and share buyback plans. Vedanta Resources has failed to garner the required number of shares to delist Indian subsidiary Vedanta. Mazagon Dock Shipbuilders and UTI AMC are set to make their debut on the exchanges today. Reliance Jio has waived […] Written by Sharique Samsudheen October 12, 2020October 12, 2020
Pre Market Report NIFTY 11,900 vs Profit Booking ft. Doji Star – Share Market Today News Shots Bank, financial, auto, real estate stocks (Rate-sensitive stocks) will be in focus in light of the Reserve Bank of India’s Monetary Policy Committee (MPC) decision due at 10 am Infosys to acquire Blue Acorn iCi for upto 125 million USD. The capital starved Lakshmi Vilas Bank gets a relief as Clix Capital is […] Written by Sharique Samsudheen October 9, 2020October 9, 2020
Pre Market Report NIFTY 11,800 vs Profit Booking – Share Market Today News Shots Donald Trump has shown interest in expediting the economic stimulus. This has boosted the US markets. They closed nearly 2% up. TCS Q2 results – Net profit drops 7% to Rs 7,475 cr but still managed to beat street estimates. The board has approved Rs 16,000 crores in share buyback. Wipro to consider […] Written by Sharique Samsudheen October 8, 2020October 9, 2020
Pre Market Report NIFTY & The Horizon at 12,000 – Share Market Today News Shots The Government has appointed Mr Dinesh Kumar Khara as the Chairman of State Bank of India. He was the Managing Director of SBI for 3 years, prior to this role. He was instrumental in merging 5 associate state banks with SBI. He had joined SBI in 1984 as a probationary officer. Abu Dhabi’s […] Written by Sharique Samsudheen October 7, 2020October 7, 2020
TCS: Tata Group’s Cash Cow TCS has become one of the top IT companies in the world. Even though we have heard of the company, most of us are not really aware of the services that they provide, or the scale at which they operate. It is important to know certain relevant details and facts of a company, before investing […] Written by Cherian Varghese October 16, 2020October 16, 2020
Wipro : A True Long Term Candidate? Wipro is a leading Indian multinational corporation that provides global information technology, consulting and business process services. The company was incorporated in 1945 as a manufacturer of vegetable and refined oils. In 1970-80, ‘Western India Palm Refined Oil Limited’ (now known as Wipro) shifted its focus towards the Indian IT industry. Under the leadership of […] Written by Sanidhya Bhardwaj October 15, 2020October 15, 2020
The Barings Bank and the Rogue Trader How many times have you heard that a single employee of the bank has caused the whole bank to shut down? How many times have you heard that a single employee was the reason behind the collapse of a 200-year old bank? I am sure, not very often. Today, we bring one such story which […] Written by Sanidhya Bhardwaj October 14, 2020October 14, 2020
