Morning market insight report 26-May-2020
Tag: Maruti
Morning Business News Round Up_ Dec 24, 2018
- Huawei faces new setbacks in Europe’s telecom market
- Tata Motors assures UK PM May of JLR commitment
- China mulls new foreign investment law
- GST to consider 5% GST on under-construction homes
- Govt moots Rs 7,400 crore soft loan to sugar mills
- ONGC board thinks not the right time to list OVL
- Himachal Futuristic Communications wins L&T contract
- Increase e-Visa validity to 10 years to boost tourism: NITI Aayog
- FinMin’s Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger
- Shriram Transport to M&M Finance, volume dip deflates vehicle financiers
- IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind
- MNC drug majors outshine Indian peers, draw investors’ attention
- GST Council’s announcements bring comfort: Industry bodies
- Maruti scouting for land in Haryana only to shift Gurgaon plant
- IT Alliance Australia plans to bring ₹600 cr FDI in 7 years
- NCLAT stays insolvency proceedings against Eastern Coalfields
- 10 Indian startups selected for Google News Initiative funding
- India Inc raises Rs 6 trillion from equity, debt markets in 2018
- Avoid cap on remuneration of independent directors: CII to govt
- Partial US government shutdown set to last through Christmas
- Pass on GST rate cuts or face withdrawal of benefits: Jaitley to businesses
- Petroleum products should be under GST, says Industry body
- Oil market likely to rebalance early 2019: OPEC ministers
- NMDC moved HC after exhausting all options in Karnataka: CMD Hyderabad
- Need to open up India’s dredging market to boost ports trade: NITI
- Public credit registry to become reality soon
- FPIs infuse Rs 1,332 crore in equity in three weeks
- MCA wing speeds up fraud detection
- SBI may raise Rs 12,000 cr overseas for PFC’s REC buy
Morning Business News Round Up_ Dec 20, 2018
- Govt to seek interim dividend from RBI: Subhash Garg
- RIL seeks clarification on DoT rejection of Rcom deal
- Maruti may stop producing BS-IV models by Dec 2019
- Shell to acquire 49% stake in Cleantech Solar
- Additional capital infusion likely in PSU banks: Garg
- India, Iran find a way to get around US curbs
- High cost of banking services hindering financial inclusion: NITI
- IDFC First to hinge on branch expansion, ‘retailization’ and integration
- Parliament panel questions approval for RIL’s gas fields in KG-D6
- Sliding oil prices, RBI’s open market operations buy propel Rupee, bond
- Madras HC stays I-T demand notices on Aircel, Dishnet Wireless
- GST on financial inclusion services by BCs likely to come under review
- Loan waiver won’t root out farm distress, says NITI Aayog chief
- CBI arrests eight officials of PNB in fraudulent LoU case
- Glenmark forays into branded dermatology segment in US
- Vivriti Capital secures ₹200 cr from Creation Investments
- Market slowdown prompts Maruti to trim sales forecast
- RBI’s monetary policy committee cautious on inflation: Minutes
- GSK to split after folding in Pfizer consumer unit
- DGCA monitoring Jet Airways’ financial health, safety issues
- Canara Bank to raise up to ₹3,000 crore via Basel-III compliant bonds
- Oil prices near 15-month low on signs of surplus and economic concerns
- India to become fifth-biggest economy in 2019, says study
- Tata Motors liable to pay tax for possession of chassis, says SC
- Vijay Mallya intends to appeal against UK court’s extradition verdict
- Increase India’s share in international tourist arrivals to 3 pc by 2023: NITI Aayog
- British government to activate full ‘no-deal’ Brexit preparations
- Srei to take the NCD route to raise Rs 300 crore
- 25% dip in rabi sowing worrisome: Crisil
- Staggered payments can reduce fiscal stress of states waiving farm loan
- Fivefold rise in public grievances in 2014-2017, says govt
Morning Business news Round Up_March 21,2016
Morning News :
- Despite a bad monsoon, India will deliver growth in excess of 6%
- India’s per capita income to cross Rs 1 lakh in FY17
- Relief for Vodafone: Retro tax settlement scheme from June 1
- Oli in China on maiden visit with eye on key deals
- Corporate Affairs Ministry amends norms related to buyback offers
- Anil Agarwal’s $10 billion LCD plant to start production in 2018
- Wheat production to be higher than in the previous year
- Maruti races ahead to capture nearly half the market
- Fixed-dose drug ban boosts hope for ayurveda
- Lafarge India begins Rs 10,000-cr sell-off
- Historic gas auction witnesses negative bids from power plants
- Govt defends interest rate cut on small savings
- Mallya default singes top auditing companies
- Thousands of Tata Steel UK employees fear rejection of rescue plan
- Sebi mulls allowing bank KYC for securities markets
- Exporters risk being blacklisted when new EU rule kicks in
- Centre introduces new norms for plastic waste disposal
- ‘Auto firms should go green, not wait for regulatory push’
- Jewellers call off 19-day strike as Centre sets up task force
- Exporters risk being blacklisted when new EU rule kicks in
- BERC to announce new power tariff on Monday
- Patanjali will overtake Colgate and Unilever: Baba Ramdev
- Parliament panel favours bringing tobacco production under regulatory regime
- China’s central bank chief sounds warning over rising debt
- Banks await RBI policy before cutting rates
- Adani’s licence request for CNG-retailing in Lucknow rejected
- FPIs infuse Rs 11,000-cr in stock markets in March
- Dabhol, GMR, GVK, Lanco secure gas under PSDF scheme
- Top 6 cos add Rs 37,414 cr in M-cap; TCS lead gainer
- IRDA okay with LIC investment in public sector banks
- Online shopping to rise by 78% this year: Assocham-PwC
- Govt to borrow Rs 3.5 lakh cr in April-Sept
- Edible oil imports up on growing demand and slowing production
Today’s Wealth mantra !
“When you’re an investor, you can look at the quantitative and qualitative elements of an investment, but there’s a third aspect: What you feel in your gut.”
-Kevin O’Leary
Morning Business News Round up_October 28, 2015
Morning Business News :
- Sebi Looks To Revise Rules For Credit Rating Agencies
- Rasgas Contract To Cost Petronet LNG Rs 10,000 Cr
- India Inc’s External Borrowings Down 32% At $2.6 Bn
- Easier Trade Can Push Global Exports $1tn pa
- India Overtakes China, Now Biggest Gold Consumer
- Maruti To Pay Royalty To Suzuki On New Models In Re
- Govt Plans To Lower Its Stake IDBI Bank: Sinha
- India Jumps 12 Spots On World Bank’s Ease Of Doing Biz List
- Tatas, Birlas, Ambanis Take Discount E-Tailers Head On
- Cairn-Vedanta Merger Deal Not To Be Reworked
- Govt Sets Up Panel To Simplify Income Tax Laws
- Railways Receive Rs 2,000 Cr Assistance From LIC For Projects
- Fitch Withdraws IDFC’s Rating, Reaffirms ‘Good Credit Quality’
- Airtel Sells 700 Towers In Burkina Faso To Eaton
- Indigo IPO Subscribed 86% On Day-1
- India May Attract $6 B From Canadian Pension Fund In 8 Years
- Japan Offers Conditional Support To Yuan Joining IMF Currency Basket
- Seed Industry Seeks Policy Support To Boost Exports
- Japan’s Nippon Agrees To Buy NAB’s Life Unit For $1.7 Bln
- Tata Trusts, Harvard University Announce Collaboration
- Essar Ports Fixes Rs. 93.66/Share As Delisting Floor Price
- Trai’s Call Drop Policy May Increase Tariffs: Telcos
- Maruti Q2 Profit Surges 42.1% To Rs1,225 Crore
- Jaitley Sure Of Meeting Fiscal Deficit Target Despite Disinvestment Hiccups
- US Plans To Sell Down Strategic Oil Reserve To Raise Cash
- Lupin’s Q2 Results Are A Rude Reality Check
- Crompton Greaves To Divest Its Canadian Power Systems Business
- SEBI In Process Of Allowing Foreign Money Into Commodity Markets
- Sensex Falls For Second Day, Ends 108 Points Down
- Vedanta Q2 Consolidated Net Profit Falls 41% Yoy To Rs 974 Cr
- Tata Communications Reports Rs 6.02 Crore Net Profit In Q2
- IRDAI Issues Guidlines On FDI In Insurance Firms
- RBI May Seek Info From HK On Bob Scam
- CTT Removal Demand Linked To STT: Official
- Dividend From Bank Lifts HDFC Q2 Net
- Bharat Forge Reorganises European Operations
Morning Business News Round up_October 19, 2015
Morning Business News :
- FPIS Pour In Rs 17,000-Crore In Capital Markets In October
- ONGC Seeks Premium Pricing For Block In KG Basin
- Coal Block Lease Issues End; 10 Mines To Start Ops
- Govt Puts Stock Limits On Pulses By Big Retailers, Importers
- French Police Search VW Offices In Emissions Probe
- Forex Scam: Banks Face Sebi Scrutiny For Disclosure Lapses
- Government Seeks Industry Views On GST Provisions
- Amtek Set To Solve Debt Issue With Jpmorgan
- Centre Plugs Into Power Reforms To Recharge Distribution
- Indian Railways To Be Country’s Next Eco-Growth Engine
- Pension Regulator Seeks Govt Support To Widen Subscriber Base
- Lanco Wins Income Tax Case In Supreme Court
- 7,035 Wilful Defaulters Owe Rs 59,000 Cr To PSU Banks
- Reliance Jio To Share Rcom Spectrum In Seven Circles
- India Among Top 10 Acquirers In US Market This Year
- Maruti Mulls Offering Safety Package As Option In Mass Brands
- Jaitley Pledges A Friendly Tax Regime, 25% Corporate Tax
- Eyeing Consistency, CBDT Streamlines Transfer Pricing Norms
- IPO-Bound Profitable Indigo Has Negative Networth
- Bob Case: Court Extends Custody Of Four Accused By 6 Days
- India Drug Industry Says US-Led Trade Deal Will Raise Prices
- Cement Prices Drop In Delhi-NCR After Builders Allege Cartelization
- Reliance Industries Q2 Net Profit Rises 12.5% To Rs6,720 Crore, Beats Estimates
- Monsanto India JV Sues Eight Seed Companies
- Deutsche Bank Splits Investment Bank In Two As Part Of Overhaul
- Shoppers From Smaller Towns Drive Business During Amazon Sale
- Govt Seeks Views On New Guidelines For Solar Projects
- MTS Planning Rs 1 Lakh Accidental Insurance For New Customers
- MFS Roll Out E-KYC To Make It Easy For New Investors
- BSE To Trawl Social Media For Information On Listed Cos
- RIL Shifts Idle Cash To Mfs From Treasury
- Govt To Lower Stake In IDBI Bank To 49%
- REC Plans To Garner Rs 700 Cr Via Tax-Free Bonds
- China Re Raises $2b In HK IPO After Pricing Deal At Top
Morning Business News Round up_October 14, 2015
Morning Business News :
- Maruti Banks On Baleno For Hatchback Slot
- Sun Pharma’s US Arm Taro Buys Zalicus Of Canada
- Tax Refunds For India Inc To Ensure Fair Start To GST
- Govt May Extend Anti-Dumping Duty On Cold Rolled Steel
- BSE Becomes World’s Fastest Stock Exchange: Chauhan
- Bob May Appoint Audit Agency To Probe Forex Scam
- Overseas Investments By Indian Firms Fall To $1.24 B In Sept
- TCS Q2 Net Up 6% Q-O-Q At Rs 6,055 Cr
- SBI Gets RBI’s Nod For Starting Real Estate Subsidiary
- NPCI, Building India’s Retail Banking Backbone
- Indian Refiners Pay $700 Mn Oil Dues Second Tranche To Iran
- Videocon Loan Conversion Enabling Resolution Passed At EGM
- Tata Trusts To Be A Founding Partner Of Bharat Fund
- Govt Issues Spectrum Trading Guidelines
- NSE To Launch New Facility On Wednesday
- FTIL Makes Last-Ditch Effort To Avoid NSEL Merger
- IIP Numbers Encouraging, Govt To Continue With Reforms: Finmin
- Chemists To Strike Nationwide On Oct 14 Against E-Pharmacy
- Coffee Day Allots Shares Worth Rs. 334 Cr To Anchor Investors
- Govt Frames Rules For Cab Aggregators Like Ola, Uber
- AB Inbev To Buy Sabmiller For $104 Billion In Record Deal
- DCB Bank Q2 Profit Falls 10.1% To Rs36.93 Cr On Higher Provisions, Tax Costs
- R-Jio Starts Testing Jio Money For Merchants
- Infosys To Start Seeing Meaningful Impact Of Automation By March 2016: Sikka
- Bank Of Baroda Money Laundering Case: HDFC Bank Official Among 4 Arrested
- Sensex Closes 57 Pts Down, Nifty Settles At 8,132; DB Realty Soars 10%
- China Plans To Cut GDP Target To 6.5% In Next Five-Year Plan
- India In Goldilocks Period; GDP Likely At 7.6%: Nomura
- S&P Assigns Investment Grade Rating To M&M With Stable Outlook
- Nippon Life Buys 14% More Stake In RCAM For 1,196 Cr
- Sebi To Take Up Tax Concessions For Startups With Govt
- Commercial Space Absorption Up 20% In July-Sept Quarter
- ICICI Pru Life, Tata AIA Life Warned For Violations
- Govt To Review Sugar Export Policy After Prices Rise
- Suven Life Gets Patent For Neuro-Degenerative Drug
Morning Business News Round up_October 05, 2015
Morning Business News :
- ONGC To Seek Govt Help For $6-Bn KG Project
- Adani To Buy Welspun’s 2 Ready-To-Build Power Plants
- State Bank Of India To Charge Up To 10% For Home Loans
- Cabinet To Consider Rs 4.3 Lakh-Crore Loan Recast Of Discoms
- India Pledges To Increase Use Of Non-Fossil Fuels
- Indiabulls’s $1 Billion Issue Gets Shareholders’ Nod
- Center To Invite Bids For National Agri Market Platform
- Volkswagen India Sales Down After 7 Months Of Growth
- Lower Costs, Be Vigilant Of Risky Assets, Sebi Tells Amcs
- NMDC Slashes Iron Ore Rates By Over 50%; More Revision Likely
- New Gas Price Will Discourage Exploration: S&P
- RBI Likely To Go For Final 25 Bps Rate Cut In Feb: Bofa-ML
- NTPC May Sell Power To B’desh From Upcoming Assam Plant
- Transmission Of Interest Rates Cut Will Help Pick-Up In Consumption Demand
- Govt To Make PAN Card Must For Cash Transactions Beyond A Limit
- NSE To Launch Self-Trade Prevention System From Oct 12
- Lack Of Capital Affecting First Generation Entrepreneurs: SIDBI
- Switzerland To Publish 1st List Of Unclaimed Accounts In December
- Indian Banks Forced To Inject Funds Into UK Subsidiaries: Report
- HDFC Raises More Than Rs.10,000 Cr Through Issuance Of Securities
- Maruti Board Approves Pact With Suzuki Arm For Gujarat Plant
- Adani Ports Signs Pact With L&T Shipbuilding To Evaluate Kattupalli Port
- DLF Board To Meet On 8 October To Prepare Road Map For Rental Business
- Pending Tax Issues Will Be Referred To Shah Panel: CEA Arvind Subramanian
- Tata Steel Invests Rs 22K Crore In Odisha Project; To Start Operation Soon
- SC To Examine Essar’s Plea Against Rs 2,300-Cr Fine By DGVCL
- Regulatory Environment Key Risk For India’s Airport Sector: S&P
- Wary Of Risks, GAIL To Take 10 Pct Stake In TAPI Pipeline
Technical Buy_Rcom & Maruti
Rcom price is forming an inverse H/S pattern , which is strongly supported by the RSI and the volumes. One can buy 50 % at 63.20 and rest 50 at 61.30 SL 57.40 TGT 68-70.20.
MARUTI ( BUY )
As seen Maruti pierced its Flag pattern with a break away gap with a br, which is strongly matching the volume principle. Below RSI and price, showing a perfect positive reversal. Hence, one may go long till 4360-4430 with SL near 4180. CMP 4240….