Nifty futures tips, nifty futures, nifty future live,

Thursday, March 23, 2017

BSE changes Sensex 50 index methodology

Leading bourse BSE today said all constituents of Sensex 50 should have a derivative contract for inclusion in the index from June onwards.

Leading bourse BSE today said all constituents of Sensex 50 should have a derivative contract for inclusion in the index from June onwards.

S&P BSE Sensex 50 index was launched in December 2016 to measure the performance of the 50 largest BSE-listed firms.

Its constituents are selected from S&P BSE Large MidCap index and are weighted based on their float-adjusted market capitalisation.

As per the new methodology, "all constituents should have a derivative contract to be eligible for the index", the exchange said in a circular.

The index is operated by Asia Index -- an equal venture between S&P Dow Jones Indices LLC and BSE.

Currently, the individual float weight of any share class of a company, not linked to derivatives trading, cannot exceed 5 percent of Sensex 50 index.

The aggregate float weight of the index constituents, not linked to derivatives trading, cannot exceed 10 percent.
 www.Shristocktips.com





Tuesday, March 21, 2017

Market Live: Nifty consolidates; D-Mart doubles on debut at Rs 610, Dr Reddys down 4%

Divi's Labs shares tanked 17 percent after the US Food and Drug Administration has issued an import alert for its Visakhapatnam unit-II.

10:00 am Listing: Avenue Supermarts, the operator of supermarket retail chain D-Mart, listed at Rs 604.40 on the Bombay Stock Exchange, up 102 percent over issue price of Rs 299.

D-Mart has chain of around 120 retail stores, with most of them being in Maharashtra and Karnataka.

9:50 am Avenue in pre-opening: Shares Avenue Supermarts, the operator of D-Mart, settled at Rs 604.40 in pre-opening session, 102.14 percent higher over issue price of Rs 299.

9:40 am Fund Raising: Varun Beverages said it has sought shareholders nod to raise Rs 1,000 crore by issuing non-convertible debentures (NCDs).

The company, which has been listed on BSE in November last year, has plans to raise the amount in one or more tranches, Varun Beverages said in a regulatory filing.

"Shareholders approval is being sought in the aforesaid 22nd AGM for further fund raising by way of debt issue and the shareholders are requested to authorise the board of directors to offer, from time to time, the subscription of redeemable, secured/unsecured Non-Convertible Debentures aggregating to Rs 1,000 crore," the company said.

9:30 am CLSA on Idea: CLSA has maintained a sell call on Idea Cellular and stated that realising the synergy is key to lower gearing. It highlighted that the merged firm needs to have operational expenses saving of Rs 8,400 crore for debt/EBITDA ratio of 3 times.

Furthermore, the swap ratio of 1:1 with respect to stake in Indus Tower implies over 3 percent valuation premium for Idea Cellular. It has lowered revenue and EBITDA estimates by 2-27 percent to factor in near term risk.

Also read - Buy, Sell, Hold: These 6 stocks would be in focus today

9:15 am Market Check:
Equity benchmarks started off trade moderately higher amid consolidation on Tuesday due to lack of domestic as well as global cues.

The 30-share BSE Sensex was up 43.61 points at 29,562.35 and the 50-share NSE Nifty gained 16.45 points at 9,143.30. About 522 shares advanced against 212 declining shares on the BSE.

ITC, L&T, Coal India, ONGC, Infosys, Bharti Infratel and HCL Technologies were early gainers while Dr Reddy's Labs, Axis Bank, Bharti Airtel, M&M, GAIL, Idea Cellular and Hindalco were under pressure.

Divi's Labs shares tanked 17 percent after the US Food and Drug Administration has issued an import alert for its Visakhapatnam unit-II.

The Indian rupee opened marginally lower at 65.39 per dollar versus previous close of 65.36.

Bhaskar Panda of HDFC Bank says the USD-INR pair has been consolidating in a narrow range of 65.30-65.50/dollar, supported on the downside by importer purchases and intervention.

The pair is expected to trade within a range of 65.25-65.45/dollar for today, he feels.

The dollar remained in a defensive mode after Chicago Federal Reserve President Charles Evans reinforced the perception that the US Central Bank won't accelerate the pace of its interest rate hikes.

Asian equities traded mixed, after the Reserve Bank of Australia released its March meeting minutes and the dollar continued to weaken.
www.Shristocktips.com


Monday, March 20, 2017

Nifty to remain strong led by pharma, auto, oil & gas sectors: Indrodeep Banerjee

Nifty to remain strong and move up led by infra, pharma, automobile, oil & gas, power, IT & steel sectors pulling the market up under positive astrological influence, says Indrodeep Banerjee of InstituteofFinancialAstrology.com.

Nifty to remain strong and move up led by infra, pharma, automobile, oil & gas, power, IT & steel sectors pulling the market up under positive astrological influence during the day.

Today Sun is in Pisces. Moon is in Sagittarius. Mars is in Aries. Mercury is in Pisces. Venus is in Pisces. Jupiter is in Virgo. Saturn is in Sagittarius. Rahu is in Leo. Ketu is in Aquarius.

This above astrological combination indicates the following influences on the financial market for day’s session:

Nifty shall remain strong and move up during the day’s trading session under positive astrological influence.

Infra, pharma, automobile, oil and gas, power, IT & steel sectors will tend to move up under the positive astrological influence during the day’s trading session.

On the previous day Nifty remained strong during the day’s trading session in accordance with our astrological forecast.

On the previous day ITC, Lupin, HDFC Bank, Axis Bank & IndusInd Bank among FMCG pharma, & banking sectors moved up during the day’s trading session in accordance with our astrological forecast.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
www.Shristocktips.com


Tuesday, March 14, 2017

Rupee opens at 1-yr high at 66.20 per dollar

I expect the USD-INR pair to open with a gap and trade in a range of 66.30-66.50/dollar today, says Bhaskar Panda of HDFC Bank.

Rupee opens at 1-yr high at 66.20 per dollar
The Indian rupee gained in the early trade on Tuesday. It has opened higher by 40 paise at 66.20 per dollar versus Friday's close 66.60.

The rupee is currently trading at one year high.

Bhaskar Panda of HDFC Bank said, "Expectations have built up for a rate hike in the FOMC meeting this week. Dollar index is up at 101.37. However in Indian context election victory in major states will be a booster."

He further added, "I expect the USD-INR pair to trade in a range of 66.30-66.50/dollar today."
www.Shristocktips.com