The GRS Solution | Best Stock Trading Services Provider

The GRS Solution is Leading Firm Provide Stock Trading Services. All in Equity, Commodity & Forex, SEBI Registers ISO Certified your Stock Trading Partner.

The GRS Solution is Leading Firm Provide Stock Trading Services. All in Equity, Commodity & Forex, SEBI Registers ISO Certified your Stock Trading Partner.

Stock Market Update

Search This Blog

Monday, 30 October 2017

what changed for the market while you were sleeping? 20 things you should know | The grs solution

what changed for the market while you were sleeping? 20 things you should know | The grs solution


The Nifty rose to a fresh record high of 10,366.15 but failed to hold on to momentum and closed below its opening level making a bearish candle on the daily candlestick charts on Friday.

The Nifty closed at 10,323.0 on Friday. According to Pivot charts, the key support level is placed at 10,300.8, followed by 10,278.6. If the index starts to move higher, key resistance levels to watch out are 10,355.7 and 10,388.4.
The Nifty Bank closed at 24,839.6 on Friday. Important Pivot level, which will act as a crucial support level for the index, is placed at 24,760.3, followed by 24,681.0. On the upside, key resistance levels are 24,957.3, followed by 25,075.0.
Stay tuned to Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies:
US markets end higher powered by tech, Amazon
Wall Street climbed on Friday as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year. The Dow Jones Industrial Average rose 33.33 points, or 0.14 percent, to 23,434.19, the S&P 500 gained 20.67 points, or 0.81 percent, to 2,581.07 and the Nasdaq Composite added 144.49 points, or 2.2 percent, to 6,701.26, Reuters reported.
Asia shares trade higher, Nikkei up 0.2%
Asian shares climbed on Monday and crude oil rose to a 2-year top. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent. The index is up 3.4 percent so far this month. Japan's Nikkei nudged 0.2 percent higher, while Seoul shares climbed 0.7 percent, Reuters reported.
SGX Nifty
The Nifty50 futures on the Singapore Stock Exchange were trading 32 points higher at 10403 indicating a positive pening for the domestic market.
North Korea nuclear weapon use would meet ‘massive military response’: Mattis
Jim Mattis warned on Saturday that North Korea would face a “massive military response” if Pyongyang ever used its nuclear weapons. “Make no mistake, any attack on the United States or our allies will be defeated,” he said at a press conference on his trip to Seoul, PTI reported.
S&P raises Italy’s sovereign credit rating to BBB
Standard & Poor’s unexpectedly raised its sovereign rating for Italy to BBB on Friday, the first such increase by S&P for at least three decades. It was justified because of Italy’s strengthening economic outlook, growing investment, a steady uptick in employment and improvements in the debt-laden banking sector, maintaining a stable outlook.
However S&P and Fitch held their credit ratings for Britain unchanged on Friday, but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce talks with the European Union, Reuters reported.hemraj prajapat
ICICI Bank Q2 profit misses estimates, falls 34%
ICICI Bank's second quarter profit fell 33.66 percent year-on-year to Rs 2,058 crore, but there was a big sigh of relief on asset quality and slippages front which came in far better than previous quarters. Net interest income, the difference between interest earned and interest expended, grew by 8.7 percent to Rs 5,709.1 crore in Q2 year-on-year, which was in-line with estimates.
Rs 11K crore worth of IPOs to hit D-Street this week
Three companies are scheduled to open their issue in this week starting from 30 October to 3 November which includes names like Mahindra Logistics, New India Assurance, and Khadim India. Another big boy, New India Insurance will hit D-Street on November 1 to raise up to Rs9,600 crores from primary markets.
LIC may participate in govt's Rs 2.11-lakh cr bank recap plan
Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). As part of the programme, LIC could also increase its stake in various PSBs which are required to raise Rs 58,000 crore from the capital market, sources said, Business Standard reported.
ONGC Q2 profit rises 3%; revenue at Rs 18,966 cr
Oil and Natural Gas Corp on Saturday reported a 3.1 percent rise in its second quarter net profit as impressive gain from rising oil prices were taken away by fall in government mandated natural gas rates. Net profit of Rs 5,131 crore in July-September was 3.1 percent higher than Rs 4,975 crore in the same period last year, the company said, PTI reported.
68 companies to reports results for Sept quarter
As many as 68 companies are scheduled to report their September quarter numbers including BEL, Central Bank of India, Century Plyboards, EIH, HDFC, IDFC Ltd, IFB Industries, Bharti Infratel, KS Oil, Lakshmi Machine Works, LIC Housing, Lupin, Mahindra Lifespace, Marico, OnMobile Global, Sintex Industries, Tata Steel, Wockhardt, etc. among others.
Foreign investors pour $3 bn into Indian capital markets in Oct
Foreign investors have pumped in close to USD 3 billion in the Indian capital markets so far this month due to "high nominal and real yields" and stable macroeconomic conditions. According to the latest depository data, FPIs invested a net sum of Rs 2,806 crore in the stock markets and another Rs 15,132 crore in debt, taking the total to Rs 17,938 crore (USD 2.75 billion) during October 3-27, PTI reported.
ICICI Prudential AMC to launch Bharat 22 ETF on Nov 15
ICICI Prudential AMC will launch Bharat 22 ETF, an open-ended exchange traded fund on November 15 and subscription will close on November 17, the fund house said in a release. The scheme will invest in the constituents of S&P BSE Bharat 22 Index.
Govt considering zero coupon bonds for PSU bank recap
The finance ministry is considering zero coupon bonds as one of the options to recapitalise NPA-hit public sector banks as part of its commitment to pump in Rs 2.11 lakh crore to help them meet global capital adequacy norms Basel III. Zero coupon bonds are debt instruments that are issued at discount, but are redeemed at face value after the expiry of the specified tenure, PTI reported.
Bank recap plan to push GDP growth to 7% in FY19: Report
The government's recapitalisation plan for public sector banks is likely to propel credit growth by up to 700 basis points to 15 per cent and as consequence push up GDP numbers to 7 per cent in the next fiscal, says a report, PTI reported.
Railways to invest over Rs 9.7 lakh crore: Piyush Goyal
The Railways is looking to invest over Rs 9.7 lakh crore in the next five years which would help create 10 lakh additional jobs, minister Piyush Goyal has said.
"During the next five years, the Railways alone will be looking at an investment of upwards of $150 billion. And when I translate that into jobs, I see a million jobs being created only through investments in the railway sector," he said, PTI reported.
Over 860 new FPIs registered with Sebi in 5 months of FY18
More than 860 fresh overseas investors were registered with Sebi in the first five months of 2017-18, driven by their continued interest in the Indian capital markets, latest data from the regulator showed. According to Sebi data, the number of FPIs with the regulator's approval rose to 8,669 at the end of August 2017, from 7,807 at March-end, an addition of 862
This comes on top of close to 3,500 new foreign portfolio investors (FPIs) registering with Sebi in the past financial year, PTI reported.
Panel proposes lower GST rates for small businesses
A ministerial panel has recommended lowering the goods and services tax (GST) rates for small businesses and extending the benefit to more such units in an attempt to reduce their tax burden and improve compliance, Livemint reported.
HDFC planning IPO of mutual fund unit next year: Deepak Parekh
Housing Development Finance Corp. Ltd (HDFC) is looking to list its mutual fund unit in 2018 and is also evaluating a plan to start a distressed asset fund, chairman Deepak Parekh said. The mortgage lender is set to list its life insurance unit, HDFC Standard Life Insurance with an IPO opening on November 7, Livemint reported.
Fridges, ACs, washing machines to cost more
Prices of refrigerators, air-conditioners and washing machines are set to go up 3-5 percent starting November, as white goods makers plan to pass on higher input costs. However, consumers will mostly feel the impact only from December, as retailers are saddled with unsold inventory from Diwali, Economic Times reported.
Govt stake sale in PSU banks can fetch more than Rs 58K crore: Assocham
The dilution of government stake to 52 percent in public sector banks under the bank recapitalisation plan can fetch valuation much higher than the estimated potential of Rs 58,000 crore, according to an Assocham report released Sunday. Diluting government stake in PSU banks to 52 percent would raise enough funds to reduce dependence on recapitalisation bonds for bank recapitalisation, Livemint reported.
Oil up 2 percent, Brent hits $60 per barrel
Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world’s top producers for extending a deal to rein in output.
Brent futures rose USD 1.14, or 1.9 percent, to settle at USD 60.44 a barrel after hitting a session peak of USD 60.53, the highest since July 2015, Reuters reported.
ECB's 'lower for longer' stimulus plan could hit Indian exporters
The ECB moved ahead with its version of “tapering” its quantitative easing (QE) programme. The announcement was short of expectations, wherein the ECB shied away from putting a definite end date to QE. For Indian exporters, this means that the currency headwinds from the Eurozone, which started with Catalonia, extend a bit further.
Rupee closes lower against US dollar

The Indian rupee on Friday closed lower against the US dollar, tracking losses in its Asian peers. It ended at 65.05 against the dollar, down 0.35 percent from its Thursday’s close of 64.82

Finance & Investment Websites - OnToplist.com