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NEW DELHI: Looking for a buying opportunity in stock market ? This is a new theme select people are tracking closely on Dalal Street The impact of GST is visible all over.

cent destocking expect GST profit quarter reported Rs stock Volume

 

Republicans on recess hold town halls, are met with constituents angry about health care An error occurred. With the Republicans ...

angry care constituents error Hall Health met recess Republicans Town

 

NEW DELHI: Shares of index heavy-weight ITC fell over 1 per cent in Tuesday's trade after reports that Life Insurance Corporation of India will have to prune its stake in the cigarette - maker and Larsen & Toubro to 15 per cent in two years.Following the development, the stock lost 1.14 per cent to Rs 276.80 on BSE. It opened at Rs 281 and touched an intraday high and low of Rs 281.55 and Rs 276.05 respectively, in the first hour of trade.As of June 30, 2017, LIC was holding 16.29 per cent stake in ITC, 18.91 per cent in Corporation Bank and 17.97 in Larsen & Toubro.

cent Corporation Delhi ITC Larsen Rs shares stake Toubro trade

 

Benchmark Nifty50 reported a negative crossover on the daily moving average convergence divergence (MACD) chart on Monday, indicating that Dalal Street may see some more consolidation over the next few days.However, momentum indicator MACD showed as many as 60 stocks on NSE witnessed upward crossovers on Monday, indicating that they have begun an upward journey.The list of stocks that witnessed bullish such crossovers included Tata Steel Delta Corp , Arvind, NHPC JK Tyre and KM Sugar Mills Some of these counters have also been witnessing strong volumes, adding further credibility to the emerging trend.KRBL, Uniply Industries , Endurance Technologies, Varun Beverages, Coffee Day Enterprises and Subros are among other stocks that witnessed upward crossovers on Monday.On the other hand, nearly 30 stocks on NSE witnessed downward crossovers on Monday, signalling a bear grip on these stocks.Stocks on the list included Adani Power Mirza International , NIIT and Parag Milk Foods.MACD is a trend-following momentum indicator that shows the relationship between two moving averages of price. Within this range, intraday support and resistance for Nifty50 is seen at 10,020 and 10,090 levels, respectively.”If we closely look at the chart of Tata Steel, it shows whenever the MACD line crosses above the signal line, the stock has always shown an upward momentum.The latest crossover was recorded on Monday when BSE Sensex and NSE Nifty closed almost flat.

crossover day indicator MACD Monday moving signal stock upward witnessed

 

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McDonald's is betting that Chinese consumers are hungry for more.

The new plans come after McDonald's sold off most of the China business to Citic and Carlyle, saying they would bring a better understanding of the local market.

announced business Carlyle chain China Chinese CITIC McDonald plans years

 

NEW DELHI: While other sectoral indices, especially Nifty PSU Bank and realty, were experiencing steep fall, Nifty Metal index hit fresh all-time high of 3,440 and was trading more than 2 per cent up with shares of Hindalco Industries (up 5.07 per cent), Vedanta (up 4.10 per cent) and Tata Steel (up 3.64 per cent) as top gainers.Notably, Hindalco Industries, on Monday, had announced that its board was considering raising up to Rs 4,400 crore by way of commercial papers and unsecured debentures.Tata Steel surged after the company reported a consolidated net profit of Rs 921 crore for June quarter, compared with a loss of Rs 1,168 crore in the same quarter last year.The Nifty Metal index was trading at 3,422, up 2.42 per cent around 11 am (IST).Benchmark indices, Nifty and Sensex gave up on early gains due to sustained selling in banking, FMCG and realty stocks.Nifty PSU Bank index was trading at 3,583, down 2.03 per cent, with all components trading in red, while Nifty Realty index was 2.05 per cent down at 279 and had only two gainers-- The Phoenix Mills (up 2.84 per cent) and Prestige Estates Projects (up 1.42 per cent).Benchmark Nifty50 index was 61 points lower at 9,996, while the 30-share Sensex was 206 points down at 32,067 around 11 am (IST).In the Nifty50 pack, 10 stocks were trading in green, while 41 stocks were in red.On BSE, 494 stocks were advancing whereas 1,708 stocks were lagging.

cent crore index indices Nifty PSU realty Rs stocks trading

 

Skechers (NYSE:SKX) is poised to grow in the future due to great opportunities worldwide, new products, and a winning marketing strategy.

Skechers is a footwear brand that sells its products to men, women, and children internationally.

brand decreased domestic grow increased product profit sales Skechers wholesale

 

NEW DELHI: Shares of Britannia Industries fell over 2 per cent in Monday's trade after the company reported on Monday, a 1.41 per cent fall in consolidated net profit at Rs 216.12 crore for the quarter ended June 30, 2017 against Rs 219.21 crore in the corresponding quarter last year.Following the development, the stock lost 2.43 per cent to Rs 4,007.40 on BSE . It opened at Rs 4,124 and touched an intraday high and low of Rs 4,138.55 and Rs 4000.05 respectively, in the first hour of trade.The stock fell even after reports that the company is planning to set up its largest plant at Ranjangaon Food Park in Maharashtra with an investment of Rs 1,000 crore.

cent crore Delhi fell Monday quarter Rs shares stock trade

 

Tata Steel hits 6-year high post Q1 results [0.08]

Posted on Aug. 8, 2017, 5:47 a.m. by Markets @ [source]

The stock is trading at its highest level since April 27, 2011.The company had posted a huge loss of Rs 3,183 crore in the corresponding period last year.The strong growth in net profit during the reporting quarter has come despite Rs 617 crore exceptional hit due to provisioning related to mining related operations by its South East Asian operations.“Strong operating performance both in the Indian operations as well as European operations has resulted in the better than expected results. However, sluggish private investment and appreciating INR pose a risk to domestic steel prices, the company said.Weak market conditions are expected to prevail in Singapore and Thailand.

crore demand European growth Indian operations related Rs Steel strong

 

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Market regulator Securities and Exchange Board of India (Sebi) has directed stock exchanges to initiate action against 331 firms that it suspects are and are listed on the bourses.

The market fall seems to have been triggered by profit booking in oil & gas and banking counters,” explains Deven Choksey, managing director and chief executive officer, K R ChokseyShares and Securities.

Exchange GSM identified listed market Securities stage trade trading VI

 

The U.S. Justice Department sent a letter to Miami-Dade County officials saying it won't be treated as community giving sanctuary to immigration violators. The Miami Herald reports that Mayor Carlos Gimenez last week received the Department of Justice ...

The Miami Herald reports that Mayor Carlos Gimenez last week received the Department of Justice ...

Carlos department Gimenez Herald Justice letter Mayor Miami received reports

 

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Dr CK Narayan of Chart Advise has a buy call on Arvind with a target price of Rs 403.The current market price of Arvind is Rs 388.9.Time period given by analyst is intraday when Arvind price can reach defined target.Dr CK Narayan recommended to keep stoploss at Rs 385.Arvind, incorporated in the year 1931, is a Mid Cap company (having a market cap of Rs 10053.73 crore) operating in Textiles sector.Arvind key Products/Revenue Segments include Textiles which contributed Rs 5611.09 crore to Sales Value (94.21 per cent of Total Sales), Export Incentives which contributed Rs 198.28 crore to Sales Value (3.32 per cent of Total Sales), Waste Sales which contributed Rs 90.07 crore to Sales Value (1.51 per cent of Total Sales), Other Operating Revenue which contributed Rs 39.74 crore to Sales Value (0.66 per cent of Total Sales) and Sale of services which contributed Rs 16.50 crore to Sales Value (0.27 per cent of Total Sales)for the year ending 31-Mar-2017.For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 2475.03 crore, up .41 per cent from last quarter Sales of Rs 2464.82 crore and up 17.74 per cent from last year same quarter Sales of Rs 2102.07 crore.Company has reported net profit after tax of Rs 55.11 crore in latest quarter. The company's top management includes Dr.Bakul Dholakia, Mr.Dileep C Choksi, Mr.Jayesh K Shah, Mr.Kulin S Lalbhai, Mr.Nilesh Shah, Mr.Punit S Lalbhai, Mr.Samir Mehta, Mr.Sanjay S Lalbhai, Mr.Vallabh Bhanshali, Ms.Renuka Ramnath.

Arvind cent contributed Dr Lalbhai Mr quarter Rs Rs crore sale

 

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NEW DELHI: Banking stocks registered big fall in Tuesday's early trade with shares of Punjab National Bank (down 3 per cent), YES Bank (down 1.96 per cent), State Bank of India (down 1.78 per cent), Bank of Baroda (down 1.44 per cent) and Kotak Mahindra Bank (down 1.35 per cent) slipping more than 1 per cent.The fall in PSU banking stocks was visible after bank employee unions called for a nation-wide strike on August 22 to protest against privatisation and merger of public sector banks, among other demands.Nearly 10 lakh employees would participate in the strike.The All India Bank Employees Association (AIBEA), which represents nine bank unions and employees of public and private sector banks, has called for a nation-wide strike on August 22 to press for various demands, its general secretary C H Venkatachalam said.Stocks such as ICICI Bank (down 0.95 per cent), HDFC Bank (down 0.83 per cent), IndusInd Bank (down 0.53 per cent) and Federal Bank (down 0.52 per cent) also saw significant fall in their share prices. Meanwhile, bank representatives on Monday met for a review of the work done on the resolution process under the Insolvency and Bankruptcy Code (IBC).The BSE Bankex index was trading 346 points lower at 27816 around 10.15 am (IST).After a positive start, bourses slipped into the negative zone, with all sectoral indices in red.Tata Steel and Tata Motors were in green while other components of the Sensex were in red.Benchmark Nifty50 index was 76 points down at 9,981, while the 30-share Sensex was 326 points down at 31,948 around 10.15 am (IST).In the Nifty50 pack, 12 stocks were trading in green, while 39 stocks were in red.On BSE, 477 stocks were advancing whereas 1,554 stocks were lagging.

bank banking cent employee fall India red stocks strike The

 

Independent analyst Kunal Bothra has a buy call on PVR with a target price of Rs 1475.The current market price of PVR is Rs 1429.6.Time period given by analyst is intraday when PVR price can reach defined target.Kunal Bothra recommended to keep stoploss at Rs 1410.PVR, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6681.75 crore) operating in Service sector.PVR key Products/Revenue Segments include Income From Films which contributed Rs 1125.64 crore to Sales Value (56.22 per cent of Total Sales), Beverages & Food which contributed Rs 550.54 crore to Sales Value (27.49 per cent of Total Sales), Income From Advertisement which contributed Rs 245.02 crore to Sales Value (12.23 per cent of Total Sales), Fees & Other Charges which contributed Rs 58.15 crore to Sales Value (2.90 per cent of Total Sales), Other Operating Revenue which contributed Rs 12.76 crore to Sales Value (0.63 per cent of Total Sales) and Rent which contributed Rs 9.90 crore to Sales Value (0.49 per cent of Total Sales)for the year ending 31-Mar-2017.For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 636.60 crore, up 31.92 per cent from last quarter Sales of Rs 482.57 crore and up 13.69 per cent from last year same quarter Sales of Rs 559.96 crore.Company has reported net profit after tax of Rs 44.25 crore in latest quarter. Company has S R Batliboi & Co. LLP as its auditors.

analyst Bothra cent contributed Rs Kunal Mr PVR quarter Rs crore sales

 

The stock opened at Rs 130, and has seen no sellers on the counter.Till 10:17 am; a combined 8.35 million shares changed hands and there were pending buy orders for 5.43 million shares on the BSE and NSE.

changed combined counter hands opened Rs sellers shares stock till