Stock Market Today


 

The Nifty50 index hit a new record high of 10,137 last week and managed to settle above the 10,000 mark for the second straight week.For the week ended August 4, the 50-share index advanced 0.52 per cent, or 52 points, to 10,066. The BSE Sensex gained 15 points, or 0.05 per cent, to 32,325 from 32,310 during this period.“We expect the Nifty50 to remain in the 10,150-9,944 range for a while and, hence, one should ideally continue focusing on individual stocks that can offer better trading opportunities,” said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking.Based on various brokerage recommendations, here are 15 stock strategies that can potentially deliver solid gains over the next 11-21 sessions:This stock has seen a corrective retracement after testing 928 levels and has taken support near short term 20-DMA.

higher indicator moving Rs RSI stock Technical The trading weekly

 

The Indian festive season kicked off on Monday with Raksha Bandhan . Brothers usually give cash or other gifts to their sisters on Raksha Bandhan.But think differently this time.

Brothers equity fund gift Gold investment market mutual protect sister

 

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Back home, investors will review the government’s latest exchange-traded fund (ETF), Bharat-22, while a slew of corporate earnings such as and Britannia will also set the market direction through the day.

Review: Bharat-22 ETF is for investors with equity exposure.

job July levels market Nifty positive Rs Sensex trade trading

 

Shares of Jaiprakash Associates advanced as much as 19.92 per cent in early trade on Monday after the company on Saturday reported a standalone net profit of Rs 764.99 crore in the quarter ended June on higher income and lower expenses incurred during the period.It has reported a loss of Rs 602.95 crore in the corresponding quarter of the previous year.Its total income for the April-June period stood at Rs 2,602.9 crore, against Rs 1,836.61 crore in the year-ago period.The scrip was trading 12.82 per cent up at Rs 28.60 at 9.45 am (IST). Shares of the company opened at Rs 26.70 and touched a high and low of Rs 30.40 and Rs 26.70, respectively, in trade so far.

cent income June period quarter reported Rs Rs crore shares trade

 

Security Guard Killed In Sylmar [-0.18]

Posted on Aug. 7, 2017, 4:20 a.m. by Distressed Volatility @ [source]

A security guard was stabbed and killed at the Food 4 Less on Glenoaks Boulevard in Sylmar. Cristy Fajardo reports.

Boulevard Cristy Fajardo food Glenoaks guard killed security stabbed Sylmar

 

Rethink Technology business briefs for August 6, 2017.

Apple is part of the Rethink Technology portfolio and is a recommended Buy.

Apple Bloomberg developer firmware HomePod iOS IPSW LTE connected update watch

 

Shares of Tata Steel advanced as much as 3 per cent and hit fresh 52-week high of Rs 593.40 in early trade on Monday ahead of its first quarter results to be announced later in the day.The scrip was trading 2.77 per cent up at Rs 591.80 around 9.25 am (IST). Shares of the company opened at Rs 585 and touched a high and low of Rs 593.40 and Rs 584, respectively, in trade.

cent crore hit quarter Rs shares Steel Tata trade week

 

Australian shares are set to snap three sessions of falls on Monday, tracking a strong finish on Wall Street the previous session, and as firm commodity prices lifted materials stocks The S&P/ASX 200 index was up 54.42 points, or 0.95 per cent, to 5,775 by 0251 GMT.US stocks surged on Friday, with the Dow Jones Industrial Average ending at its eighth straight record high, after data showed employers hired more workers than expected in July.The strong jobs report is likely to clear the way for the Federal Reserve to announce a plan to start shrinking its $4.2 trillion bond portfolio in September, and could strengthen its case to raise rates for the third time this year in December.Along with the optimism drawn from gains on Wall Street, a rally in oil, copper and iron ore , and the pressure on gold and gold shares suggest that investor appetites are up for more risk at the moment, said Michael McCarthy, chief market strategist at CMC Markets.Australian financials regained some of the losses recorded last week and accounted for nearly half the gains on the index, with Westpac Banking Corp, National Australia Bank Ltd and Australia and New Zealand Banking Group Ltd rising in the range of 1.3 per cent to 1.6 per cent.Commonwealth Bank of Australia opened at a near eight-week low but recovered to gain as much as 1.5 per cent.Australia's No.1 lender, which has been stewing amid money-laundering allegations, on Monday said a software "coding error" was responsible for the "vast majority" of the anti-money laundering law breaches it was accused of. While Friday's fall has not been reversed, the recovery today suggests that there is less concern about the potential impact of the regulator's action, he added.Material stocks were upbeat on the back of strong commodity prices, with mining giants BHP Billiton and Rio Tinto Ltd climbing to five-and-a-half month highs.Sentiment in the region also got a boost from a survey that revealed Australian job advertisements rose for a fifth straight month in July, suggesting a strong pick-up in employment seen in recent months could run for a while yet.Crown Resorts Ltd was the biggest decliner on the index, falling 5.6 per cent to its lowest in nearly four months after Deutsche Bank cut its price target.

Australia Australian bank cent Friday gain index rose stocks strong

 

Jaiprakash Associates gained as much as 20% to Rs 30.40, its 52-week high after the company on Saturday reported a standalone net of Rs 764.99 crore in the quarter ended June, on higher income and lower expenses incurred during the period. The scrip opened at Rs 26.70 and had hit a high and low of Rs 30.40 and Rs 26.70 till now.So far in the calendar year 2017, the stock zoomed 254% against 21% rise in the benchmark index.

ago capital expenses income June quarter reported Rs Rs crore The

 

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Samsung Engineering was one of the outperformers, jumping 8.1 per cent to six-and-a-half-month high. The company received "intention to award" for a refinery plant project from DRPIC - a joint venture between Oman Oil Co and Kuwait Petroleum International - worth 1.13 trillion won.The South Korean won edged down on signs of labour market tightness in the United States, paving the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio, lifting the dollar.The won stood at 1,126.8 against the dollar, down 0.2 per cent compared with Friday's close of 1,125.0.September futures on three-year treasury bonds shed 0.07 point to 109.24.

and bond cent dollar engineering jumping outperformers Samsung six The

 

Asian stocks advanced on Monday, taking their cue from Wall Street, while the dollar moderated but retained most gains made on stronger-than-expected July jobs growth and the promise of a US tax plan that will repatriate corporate profits.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 per cent. Hong Kong's Hang Seng climbed 0.4 per cent.South Korea's KOSPI was up 0.5 per cent, while Australian shares surged 1 per cent.The dollar moderated on Monday following a strong climb on Friday after data showed US nonfarm payrolls rose by 209,000 jobs last month, and June's employment gain was revised higher.Growing signs of labour market tightness offer Federal Reserve policymakers some assurance that inflation will gradually rise to the central bank's 2 per cent target, and likely clear the way for a plan to start shrinking its massive bond portfolio.The dollar was also buoyed by comments from National Economic Council director Gary Cohn that the US administration is working on a tax plan that would bring corporate profits back to the United States.But the pull back in the dollar backs some views in markets that Friday's rally may not have legs yet.The dollar index, which tracks the greenback against a basket of six global peers, inched back 0.2 per cent to 93.343.

cent data dollar Friday gain higher jobs Monday plan The

 

Chris Christie, a former U.S. Attorney, tells Jake Tapper that he trusts Robert Mueller to carry out the Russia probe, based on his experience working with him.

Attorney carry Chris Christie Jake Mueller Robert Tapper tells Trusts

 

Washington (CNN) New Jersey Gov. Chris Christie, a supporter and friend of President Donald Trump, said Sunday that Donald Trump Jr.'s meeting with a Russian lawyer in June of last year was a bad idea, but everyone would be best served to wait for ...

Chris Christie, a supporter and friend of President Donald Trump, said Sunday that Donald Trump Jr.'s meeting with a Russian lawyer in June of last year was a bad idea, but everyone would be best served to wait for ...

Chris Christie Donald friend Jr meeting President Sunday supporter Trump

 

This article suggests that the company's substantial Phase 1-2 pipeline could be a "freebie", given the potential value of its marketed products and other assets. And while I won't go into the upside in this article, BMY is launching two hepatitis C drugs in three major provinces in China this quarter - so there may be some surprises if they start selling well.

BMY companies drug market marketing patent Phase pipeline product sales

 

Life insurance companies have latched on to health as the fastest way to grow. In the past six months, the number of products that offer special cover for heart disease and cancer treatment have more than doubled.Recently, three companies including ICICI Prudential Life, Birla SunLife and Aviva Life have launched health insurance products catering to specific illness.ICICI Prudential Life's ICICI Pru HeartCancer Protect, for instance, pays part of the insurance cover to the customer on diagnosis of a heart ailment or cancer.

cancer cardiac condition cover diagnosis heart ICICI insurance Prudential renal

 

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Dr CK Narayan of Chart Advise has a buy call on Century Textiles & Industries with a target price of Rs 1,250.The current market price of Century Textiles & Industries is 1,222.85.Time period given by analyst is intraday when Century Textiles & Industries price can reach defined target.Dr CK Narayan recommended to keep stoploss at Rs 1,210.Century Textiles & Industries, incorporated in the year 1897, is a Large Cap company (having a market cap of Rs 13,658.71 crore) operating in Miscellaneous sector.Century Textiles & Industries key Products/Revenue Segments include Cement & Clinker which contributed Rs 4323.93 crore to Sales Value (49.96 per cent of Total Sales), Pulp, Paper & Board which contributed Rs 2084.00 crore to Sales Value (24.08 per cent of Total Sales), Yarn (Rayon) which contributed Rs 759.07 crore to Sales Value (8.77 per cent of Total Sales), Cotton Fabric which contributed Rs 553.60 crore to Sales Value (6.39 per cent of Total Sales), Other Operating Revenue which contributed Rs 203.56 crore to Sales Value (2.35 per cent of Total Sales), Others which contributed Rs 165.43 crore to Sales Value (1.91 per cent of Total Sales), Cloths (Denim) which contributed Rs 164.27 crore to Sales Value (1.89 per cent of Total Sales), Tyre Yarns/Fabrics which contributed Rs 159.01 crore to Sales Value (1.83 per cent of Total Sales), Cotton Yarn which contributed Rs 107.65 crore to Sales Value (1.24 per cent of Total Sales), Lease Rentals which contributed Rs 96.42 crore to Sales Value (1.11 per cent of Total Sales), Export Incentives which contributed Rs 20.26 crore to Sales Value (0.23 per cent of Total Sales), Scroreap which contributed Rs 16.33 crore to Sales Value (0.18 per cent of Total Sales)for the year ending 31-Mar-2017.For the quarter ended 31-03-2017, the company has reported a Standalone sales of Rs 2261.49 crore, up 28.29 per cent from last quarter Sales of Rs 1762.81 crore and up 15.35 per cent from last year same quarter Sales of Rs 1960.61 crore.The company's top management includes Mr.B K Birla, Mr.D K Agrawal, Mr.Kumar Mangalam Birla, Mr.Pradip Kumar Daga, Mr.Rajan A Dalal, Mr.Sohanlal K Jain, Mr.Yazdi P Dandiwala, Mrs.Rajashree Birla. Company has SRBC & Co LLP as its auditors.

Birla cent Sales Century Textiles contributed Rs crore Sales Mr quarter Rs crore Sales cent yarn

 

Though, higher level profit booking kept the market in pressure for the sometimes, buying in index heavy-weights once again uplifted it from the lower levels.Auto, metal and energy counters have outperformed the benchmark Nifty with a higher margin. The key trend reversal level for the Nifty is placed at 9,950; below which, the trend would turn negative.

bank booking caps higher index market Nifty profit The Trend