Tag: Rcom

Morning Business News Round up_January 15, 2016

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Morning Business News :

  • Rupee Tumbles By 44 Paise To More Than 2-Year Low At 67.29
  • Gold Bond Tranche Opens On January 18, Other Scheme Nets In 500 Kg
  • CBI Unearths 553 Acre Land, 61 Offices In CP Owned By Pearl Group Owner Bhangoo
  • Indian-Origin Family Firm Eyes Tata Steel Scottish Plants
  • UN Downgrades India GDP Forecast For 2016 To 7.5% From 8.2%
  • New Policy Likely To Boost ‘Make In India’ By Allowing 100% Credit For Taxes Paid On Inputs
  • Union Budget 2016 On Feb 29
  • Japan Banks, Cos Ready To Invest In India’s Energy Sector
  • Govt To Set Up A New Department For Auto Sector
  • Sebi Contemplating Action Against Commodity Manipulators
  • Growth In Coal-Based Power Installed Capacity Down To 10.8%
  • Govt Task Force Recommends Stringent Rules For Online Pharmacies
  • Mkts Saddled With Rs 6,500-Cr Inflation Bonds
  • WPI Contraction Eases In December At (-)0.73%
  • Reliance Defence Buys Saab’s Stake In Pipavav

  • FIPB Clears 5 FDI Proposals Worth Rs. 6,050 Cr
  • Nepal Proposes Team To Review Pacts With India
  • Continued Selling Drags 17 Public Sector Banks To Fresh 52-Week Low Levels
  • Rcom Gets Nod From Bourses For Takeover Of Sistema JSFC’s India Biz
  • Infosys Beats Estimates With 6.6% Rise In Q3 Profit, Shares Jump Over 4.3%
  • ICICI Bank’s Mortgage Portfolio Crosses Rs1 Trillion
  • Saint-Gobain To Invest Rs1,000 Crore In Chennai Facility
  • SRL Diagnostics In Talks With Top PE Funds For 34% Stake Sale
  • Sebi Plans Additional Checks For Rating Firms
  • China Growth Concerns Pose Challenge For India: SEBI Chief
  • India’s Retail Market Can Touch $1,200 Bn By 2020
  • Sensex Ends 81 Pts Down In A Choppy Trade, Infosys Gains
  • Aadhaar ID World Bank Saving Govt About $1 Bn Per Annum
  • Federal Bank Sells Essar Oil Debt To Edelweiss
  • $45b Trade Deficit Tells Different Sino-Indian GDP Tale
  • JSPL Puts On Hold Selling Of Non-Core Assets, Expansion Plan
  • Modi Moots Industrial Cluster For Korean Firms
  • PFRDA Notifies New Pop Charges For NRI Accounts
  • World Bank Concerned Over Facebook’s Model Of Free Internet

Today’s Wealth Mantra !

“Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.”

– Warren Buffett

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Morning Business News Round up_December 31, 2015

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Morning Business News :

  • Windfall Awaits Oil Cos As Under-Recoveries To Dip
  • Govt Fears Rs 50K Cr Shortfall In Divestment Proceeds
  • Demand For Big Oil Ships Up On OPEC Output Limit Ban
  • Rcom, Aircel To Pare Debt To Rs 20,000 Cr Ahead Of Merger
  • Government Calls Off Fourth Round Of Coal Block Auctions
  • Civil Aviation Policy To Come For Cabinet Nod In January
  • IT Dept Publishes Names Of 18 Defaulters Owing Over Rs 1,100 Crore
  • Sebi To Seek Report From Commexes And Traders On IT Raids
  • Prakash Steelage To Sell 12.47% More Stake In JV To Tubacex Of Spain
  • Balco Unions Petition PMO To Bail Out Struggling Aluminium Industry
  • Tata International Plans To Widen Agri-Business In Africa
  • IDFC Bank To Turn ₹350-Cr Lanco Infra Loans To Ccds
  • Essar Oil Creates History With Largest Delisting, Offers Rs262.80/ Share

  • Dr Reddy’s Relaunches Nexium Generic In The US Market
  • Experts Hopeful Of Better Times For Investors In 2016
  • India Mobile Phone Subscribers Cross 1 Billion, Shows Trai Data
  • Companies Raised Rs68,608 Crore Through Capital Markets During 2015
  • JMT Auto Promoters Pledge Shares To IL&FS Trust
  • Trai Extends Deadline For Comments On Net Neutrality Issue
  • Govt To Spend Rs5,000 Crore For Solar Rooftop Systems
  • India Needs To Increase GDP Growth Rate By At Least 1-1.5%
  • Indian IPOs Set To Raise Over $5 Bn In 2016, A Six-Year High
  • GAIL In Talks With Golar LNG For Shipping US Gas
  • Sensex Snaps 2-Day Winning Streak, Ends 119 Points Down
  • Gold Prices Poised To End Lower For A 3rd Time In A Row
  • Sebi To Finalise Crowd-Funding Norms In A Few Months
  • BSE’s MF Platform To Accept Orders 24×7 From January
  • Tax Appeal Before Commissioners Must Be E-Filed
  • Norway-Based SINTEF To Help In Recycling Construction Waste

Today’s Wealth Mantra !

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”

– Phillip Fisher

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Morning Business News Round up_December 24, 2015

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Morning Business News :

  • Govt Mulls Tax Sops On Esops, VC Investments
  • Energy Sector Will Generate $250 Bn Investment
  • Govt Delays  Law, GST Deadlock Remains
  • Govt Says Closing In On Westinghouse Deal Worth $150 Bn To Build 6 Nuclear Reactors
  • OVL’s $1.26 Bn Vankor Buy To Be Signed Tomorrow
  • Essar Oil Gets Okay For Institutional Sell-Off; Time To Delist From Bourses
  • Sebi Panel Advises On Removing ‘Conflict Of Interest’ While Rating
  • Rajan Raises Concerns Over High Corporate Sector Vulnerabilities
  • Rcom Suspends Launch Of Free Basics Till TRAI’s Approval
  • World Bank Feelers To Part-Finance India Post’s Payments Bank
  • Indian Railways Signs Rs 500 Cr Pact With Coal India For Supply Of 2,000 Wagons
  • CBDT Issues MAT Order Pertains To Foreign Companies
  • Piramal Enterprises Buys 5 OTC Brands For Rs 92 Crore
  • Court Asks MCA To Decide On FTIL-NSEL Merger By Feb 15
  • Lupin Gets USFDA Nod To Market Potassium Chloride Capsules
  • Nalco Inks R&D Pact With Chalieco Of China
  • Idea Launches 4G Services In Five Southern States

  • Small Investors In Dark Over Sahara’s Latest Shadow Banking Schemes
  • Welspun Enterprises Divests 37% Stake In Dewas Bhopal Road Project
  • Boards Raise Scrutiny As Infosys And Wipro Bet Big On Start-Ups
  • Sensex Rebounds 259.65 Points, Nifty Ends At 7,866
  • DLF Gets Rs 1992 Cr From GIC From Stake Sale In 2 Projects
  • Npas Jump 50 Bps To 5.1% Between March And September Quarters: RBI
  • Dr Lal, Alkem Make Strong Debut On Bourses
  • SAIL To Soon Launch Rs 400-Crore Voluntary Retirement Scheme
  • Wipro To Acquire Viteos Group For $130m In Outsourcing Push
  • L&T Bags Orders Worth Rs 1,178 Crore In December
  • Over Rs 16k Cr Undisclosed Income Detected In 20 Months
  • Sebi Attachment Orders Up 5-Fold At 1,610 In FY15

Today’s Wealth Mantra !

“With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms.”

-Hunter S. Thompson

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Morning Business News Round up_December 23, 2015

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Morning Business News :

  • Govt To Bring Bill For Mandatory National Minimum Wage
  • Govt Fails To Attract Fdi In Defence, Only Rs 56l Since Last Sept
  • Softer Oil Prices Boost Expectations Of Better Earnings
  • China’s Wanda Group Likely To Invest Us$ 1 Billion In Haryana
  • RBI May Revise Gold Bonds’ Pricing Mechanism
  • GAIL Extends Bidding Deadline For $7-Bn Lng Ships
  • Rajan Went With External Committee In Policy Review
  • Rcom, Aircel In Talks To Merge Wireless Biz
  • Tata Steel May Sell Uk Unit To Greybull Capital
  • India’s Q2 Current Account Deficit Narrows To $8.2 Bn
  • Maha Govt Mulls 5% Increase In Ready Recknor Rates From January 1
  • CAG Flays Govt For Unrealistic Expenditure Estimates
  • Ultratech Mine Plan In Chhattisgarh Lands In Troubled Water
  • ONGC Can Convert Rs 5,000-Cr Loan Given To Ovl Into Equity
  • Call Drops: No Coercive Steps Against Telcos Till Jan 6, Says Trai
  • Glenmark Pharma Gets Us Regulator Nod For Bacterial Infection Drugs
  • Nsel-Ftil Merger: Corporate Affairs Seeks More Time To Pass Final Order
  • JP Morgan Tweaks Emerging Markets Portfolio For 2016
  • Cabinet Clears Rs 5,000 Cr Investment In Ongc Videsh
  • High Court Breather For Miners Over Social Impact Funds
  • Orchid Pharma Signs Pact For $800 Million Loan From Uk Firm
  • Ujjivan Slows Mfi Business As It Readies For Switch To Banking
  • Australia Clears Adani Abbot Point Coal Terminal Expansion
  • L&T Realty Looks For Partners In Bengaluru, Navi Mumbai Projects
  • Reliance Jio To Launch Services On 27 December

  • Sensex Ends 145 Points Lower, Nifty Settles Below 7,800
  • Bankruptcy Bill In Lok Sabha: Fm Arun Jaitley Says Country Can’t Wait For Reforms
  • Finmin Cuts Divestment Target By 57% For Fy16
  • Essar Oil Delisting Faces ‘Technical’ Issues; Referred To Sebi
  • RBI Governor Goes With Panel On Rate Status Quo
  • Gold Imports To Touch 1,000 Tonne This Year, Up 11%
  • Zynergy To Invest Rs 400 Cr In Tn Solar Products Plant
  • IRDAI Directs Insurers To Comply With Fatca Rules
  • RBI External Panel Suggested Status Quo In Dec Policy
  • Aurobindo Pharma Gets Usfda Nod For Its Conjunctivitis Drug

Today’s Wealth Mantra !

“One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world.”

-Ron Chernow

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Morning Business News Round up_October 21, 2015

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Morning Business News :

  • HSBC, Citibank Hire Investigators To Probe Black Money Trail
  • Rcom, Aircel And MTS Begin Talks For Three-Way Merger
  • Mahindra & Mahindra Pips Tata Motors In CV Sales
  • RBI Invites Applications For BBPS Units
  • Govt May Pay Sugarcane Growers Direct To Help Mills
  • S&P Downgrades Vedanta Resources Credit Rating
  • TRAI Call Drop Norms To Hurt Telcos’ Earnings: Bofa-ML
  • BSE Asks Brokers Using Algorithm Trading To Submit Audit Reports
  • Impairment For KG-D6 Block Likely For RIL
  • World Bank Poverty Estimates Are Poor, Says Government

  • US FDA Raises Concerns On Cipla’s Indore Plant
  • Oil & Gas Industry Seeks Slashing Of Rs 4,500 Per Tonne Cess On Crude
  • Tata Steel Says May Cut About 1,200 UK Jobs In Restructuring
  • Bajaj Finserv Consolidated Net Profit Jumps 40% In Q2
  • Biocon Q2 Profit 300% Up At Rs 306 Cr On Syngene Windfall
  • RIL’s Refinery Margins Will Continue To Improve: Moody’s
  • ACC Q3 Consolidated Net Down 40% At Rs. 115 Cr
  • HCL Tech To Buy Volvo’s IT Business
  • Vedanta To Export Over 5.5 Mt Iron Ore From Goa This Year
  • Govt Mulls Raising FDI Limit In News Media
  • Maruti’s Royalty Payouts To Suzuki ‘Extortive’, Says Report
  • Adani Transmission Q2 Consolidated PAT Jumps To Rs. 153 Cr
  • India In Talks To Buy Coking Coal Mines In South Africa
  • Hero Motocorp Q2 Profit Rises Marginally To Rs772 Crore
  • Airtel Raises $400 Million More From Sale Of Africa Assets
  • Govt Likely To Order Audit Of Telecom Firms
  • Rupee Closes 25 Paise Weaker Against US Dollar At 65.06
  • SKS Microfinance Net Profit Up 37% In September Quarter
  • Employment Increases By 5.21 Lakh In FY15
  • FY15 Coal Import Bill Spills Over Rs 1 Lakh Crore; 27.12% Jump
  • TCS Announces Global Alliance Partnership With Tableau Software

  • Govt To Tap Rs 10k Cr Idle Funds For BPL Age, Health Cover
  • Bond Holders Could See Windfall Gain With Hike In FPI Limit
  • Irdai Clears Air On Control Of Indian-Owned Cos
  • India At Rock Bottom In Global Pension Index
  • Ramco HCM Makes Its Foray In The US Market
  • S&P Unlikely To Change India’s Rating Till At Least 2016
  • Attune Technologies Raised $10m In Series-B Funding

Morning Business News Round up_September 11, 2015

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Morning Business News :

  • Global Economic Turmoil Will Not Hit India: Finance Ministry Panel
  • Spectrum Trading May Curb Excessive Bidding: Fitch
  • Gold Monetisation Scheme: 2% Interest Likely On Gold Deposits
  • Satyam Scam: Sebi Asks Raju Family, Others To Return Rs 1,800 Cr
  • Rbi Purchased $4.6 Billion In The Forward Markets In July
  • Rcom-Sistema Deal May Cost $600 Million Extra
  • Infosys To Be Global Tech Services Partner For Atp
  • Care Downgrades Rs 100 Crore Hindustan Organic Bond To Junk Status
  • Rbi Allows Importers To Raise Trade Credit In Rupee

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  • Ril’s Start-Up Hub Fall 2015 Batch Includes Two Israeli Start-Ups
  • Rbi Intervenes More Through Forwards In Foreign Exchange Market
  • Tata Motors, Total Lubrifiants Sign Pact For Lubricants Supply
  • Vedanta Aluminium Goes On Workforce Reduction, Cost Cuts
  • Lenders Order Special Audit Of Amtek Books
  • Centre May Hold On To Hzl-Balco, Suuti Stakes In Foreseeable Future
  • Canada To Invest Pension Funds In India’s Urban Development
  • Make Govt Auditor Part Of Legislature, Amend Act: Pacs
  • India Keeps Its Fingers Crossed As Superpowers Toss And Turn
  • Tata Steel Begins Coke Production At Kalinganagar Plant
  • G20 Tightens Norms To Check Conflict Of Interest For Fiis
  • Winter Session Could Be Advanced To Pass Gst Bill: Venkaiah Naidu
  • Saudi Aramco To Open Office In India For Crude Sales: Report
  • Delhi Hc Refuses To Interfere In Ongc-Ril Gas Dispute
  • Bpcl To Invest Rs1 Trillion For Its Next Phase Of Growth
  • Sun Pharma Planning To Divest Ireland Plant To Cut Costs
  • Castex Technologies Allots Shares On Fccb Conversion
  • Govt Clears Rs9,000 Crore Teesta Hydropower Project In Green Energy Push
  • Sensex Ends 97 Points Down On Weak Global Cues, Nifty Settles At 7,788
  • Hero Motocorp Plans Manufacturing Units In Mexico, Argentina, Brazil
  • Arvind Panagariya Pitches For Up To 1% Rate Cut By Rbi
  • Domestic Car Sales Rise 6% In August, Bike Sales Drop 9.59%
  • Cairn Energy Set To Go To Icj Against India
  • Raymond Acquires Robot Systems For Rs 28 Crore
  • Inflation To Ease In Aug, July Industrial Output To Be Stable
  • L&T Gets Shareholders’ Nod For Raising About Rs 9,600 Cr
  • Mauritius Utilises India’s Security Concerns To Retain Tax Arrangement
  • Mfs Invest Rs 4,200 Cr In Equities So Far In Sep
  • Indigo’s Profit Up Four-Fold To Rs 1,304 Crore In Fy2015
  • Suven Life Gets Patents For Neurodegenerative Drug

 

Technical Buy_Rcom & Maruti

Sheetal

 

NSE RCOM EQ_Daily_1Year

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 )

NSE MARUTI EQ_Daily_1Year

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….