Weekly Capsule (Jan 01 – Jan 05) and Impact Analysis

Posted on January 15, 2018 by Achiievers

India’s fiscal deficit for 2017-18 touches 112% of full year target by Nov 2017 With 4 more months to go for the fiscal year, the government looks set to exceed the fiscal deficit target by 50 bps This will also compromise the 3% FRBM Read more [...]

THEME FOR THE DAY: “NIFTY CORRECTS AMIDST THIN TRADING”

Posted on January 13, 2018 by Achiievers

After a strong start the Nifty and the corrected sharply on the back of very thin volumes. The trigger came when there was an unwinding of most of the positive trades of the last few days, especially among the ADAG stocks. With the likely modification Read more [...]

Midnight News Update – Jan 02nd 2018

Posted on January 13, 2018 by Achiievers

After a long gap the Core Sector number for the month of November came in at a healthy 6.8%. Core sector represents the 8 infrastructure sectors including coal, crude oil, natural gas, refinery products, steel, cement, fertilizers and electricity. This Read more [...]

THEME FOR THE DAY: “NIFTY ENDS THE YEAR AT ALL TIME HIGHS”

Posted on January 12, 2018 by Achiievers

Nifty ended the year at an all time high with the Reliance Jio and RCOM merger news likely to be the most positive for the markets. Now the Nifty may be headed higher towards 10,800 and 11,000 levels from here on. The rise in bond yields may be Read more [...]

Midnight News Update – Jan 11th 2018

Posted on January 11, 2018 by Achiievers

Prime minister, Narendra Modi, had a high level meeting with 40 leading economists of India ahead of the Union Budget to explore ways to give a big push to growth. The forthcoming Budget on February 01st will be the fifth and final budget by the current Read more [...]

THEME FOR THE DAY: “UP TREND NIFTY CONTINUES, BUT COULD BE TIRING”

Posted on January 11, 2018 by Achiievers

The Nifty stayed above the 10,600 mark but the Nifty showed signs of tiring at higher levels. However, the markets appear to be focusing on positives like the new industrial policy and likely growth revival. The decision to hike non-coke prices Read more [...]

THEME FOR THE DAY: “NIFTY AT NEW HIGH AHEAD OF DATA HEAVY WEEK”

Posted on January 11, 2018 by Achiievers

The Nifty convincingly crossed the 10,550 mark and now looks headed for our original targets of 10,700 and later towards 11,000. Big results this week include TCS and Infosys apart from CPI and IIP numbers. The first advance estimate for the full Read more [...]

Delivery Pick – Buy Bank of Baroda at CMP, target price 200/-

Posted on January 11, 2018 by Achiievers

Bank of Baroda (BOB) : Company Overview Bank of Baroda (BOB) is the third largest public sector bank (PSB) in India in terms of asset size and the fourth largest bank in terms of branches as of FY17. The bank has strong domestic presence with 5,451 branches Read more [...]

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Weekly Capsule (Jan 01 – Jan 05) and Impact Analysis

THEME FOR THE DAY: “NIFTY CORRECTS AMIDST THIN TRADING”

Midnight News Update – Jan 02nd 2018

THEME FOR THE DAY: “NIFTY ENDS THE YEAR AT ALL TIME HIGHS”

Midnight News Update – Jan 11th 2018

THEME FOR THE DAY: “UP TREND NIFTY CONTINUES, BUT COULD BE TIRING”

THEME FOR THE DAY: “NIFTY AT NEW HIGH AHEAD OF DATA HEAVY WEEK”

Delivery Pick – Buy Bank of Baroda at CMP, target price 200/-