Nifty PSU Bank at day’s high; Bank of Baroda stock outperforms: CapitalHeight

Nifty Bank and Nifty Private Bank indices were up in today’s trade. The Nifty PSU Bank index has rallied nearly 4.5% at 3,225 in the afternoon trade.

After last week’s stellar performance, indexes extended gains on Monday with the Nifty 50 hitting the 11,300 mark for the first time.

Nifty PSU banks is up 4.5% led by Bank of Baroda, which has jumped over 9%, while Oriental Bank of Commerce, Andhra Bank, Bank of India, Syndicate Bank, and Punjab National Bank are the other gainers.

Nifty Bank and Nifty Private Bank indices were up in today’s trade. Nifty PSU Bank index has rallied nearly 4.5% at 3,225 in the afternoon trade.

Shares of State Bank of India rose 4% after the bank hiked the interest rates on fixed term deposits by up to 10bps. The new rate, which is effective from July 30, is applicable on retail deposits below Rs1cr.

Shares of Bank of Baroda soared 10% after its Q1FY19 standalone revenue improved by 5.6% yoy to Rs12,787.7cr. The bank’s standalone net profit grew by 159.7% to Rs528.3cr, much ahead of estimates and against Rs203.4cr reported in corresponding quarter last year. The beat in net profit was led by higher NII growth and lower provisions. 

Bank of Baroda is currently trading at Rs151.05 up by Rs13 or 9.42% from its previous closing of Rs138.05 on the BSE. The scrip opened at Rs147.10 and has touched a high and low of Rs151.90 and Rs144.75 respectively.

Bank of India is currently trading at Rs103.70 up by Rs5.85 or 5.98% from its previous closing of Rs97.85 on the BSE. The scrip opened at Rs98.05 and has touched a high and low of Rs104 and Rs98.05 respectively. 

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Earn Rs 1000 to Rs 5000 in Share Market on Daily Basis from CapitalHeight

Most of the people come to share market to earn money on daily basis but they fail to do so and there are two primary reasons and those are lack of 1) Knowledge and 2) Experience.
CapitalHeight is a Financial Adviser having both Knowledge & Experience.

Share market movement on consistent schedule is represented by parcel of residential and universal variables and that is outside anyone's ability to control so it is hard to check the market development on regular schedule, so astute and experienced dealer endeavor to acquire cash on month to month premise and not on everyday schedule.

It is for certain that consistently isn't exchanging day and it is profoundly conceivable that misfortunes may happen if dealer attempt to do each day exchanging and acquire cash in share advertise.

At all in the event that you need to attempt at that point take a stab at doing paper exchanging practice and on the off chance that you get achievement then you can move to real exchanging with cash.

So now we will see How to earn on Monthly Basis in trading in share market?

CapitalHeight advice following 3 strategies to make profitable monthly earning in share market.
1) Take small profits and do multiple trades and earn thousands at the end of the month in share market.
2) Cut down losses in day trading because Money saved is money earned.
3) How to pick stocks (Tips) for buying and selling on daily basis.

Daily Stocks To Watch to Earn Rs 1000 to Rs 5000.

CapitalHeight July series: Nifty to consolidate within 10,550-10,850 range

Like the last series, the highest Put base of 10,600 is getting tested at the start of series itself with no major closure seen in this strike. This suggests 10,550-10,600 would remain immediate support for July series.

ICICI Securities

The Nifty constantly faced stiff resistance around 10,850. Towards expiry, selling in heavyweights triggered the Nifty to end 1.5 percent lower for the June series.

Divergence in Nifty & broader markets continued, with midcap and small cap falling 3x and 6x, respectively, compared to the Nifty.

Looking at equity flows, DII buying of well over $2 billion failed to soothe the midcap & small cap space as FIIs sold over $1 billion and pushed stocks lower.

Negative news flows was not only domestic (rupee making record lows, surpassing 68 levels) but also global (emerging market sell-off and dollar, crude up move continued during June).

Only move above 10850 to confirm Nifty upsides till 11000

Similar to the June series, the highest Nifty options build-up continues at 10,600-11,000. Highest Call base is again placed at far OTM strike of 11,000 Call with open interest (OI) also starting to build up at 10,800 Call strike. Only a move above 10,850 (key resistance level of June series) is likely to take the Nifty to 11,000.

Open interest in Nifty futures of 19 million shares (at inception of the July series) is not very high. Moreover, these positions have been formed amid subdued roll spread. This suggests that while short additions are seen in the July series, the aggression of shorts is missing. As a result, the Nifty could continue to trade in a range.

Emerging Markets (EM) equity and currency saw a sharp decline in June. This also drove the rupee to record low levels of 69. With FII fund outflows from equity and debt aggregating to over $2.6 billion in June, the rupee depreciation trend has picked up. Upsides beyond 10,850 will need abatement of EM sell-off headwinds, which is still ongoing.

With the Q1FY19 result season to commence in July, key focus will be on IT and midcap and small cap companies. A revival in earnings and guidance will be a key to trigger a reversal in fortunes of broader markets.

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Planning to start investing in Stock Market? - CapitalHeight

Planning to start investing in Stock Market?  A Step by Step Guide For Beginners

 

In India, Stock Market Investments are finished by few individuals. It is the hazy area for the greater part of the Investors and it is seen as bet by senior individuals. As far back as Harshad Mehta frequency in mid 90s, Indian individuals don't discover their solace in putting resources into Stock Market. We can learn by this reality that aggregate no. of organizations enrolled with Ministry of Corporate Affairs (MCA) is in excess of 16 lakh though add up to no. of organizations recorded on Bombay Stock Exchange (BSE) is just 5542. Out of organizations enlisted on MCA, just 11 lakh are dynamic and adjust 5 lakh have since been shut. In like manner, add up to no. of organizations accessible for exchanging on BSE is 3500 just and adjust are not exchanged.

Investment in Stock Market is risky and in the meantime it might give part of profits subject to the condition that you do it right. Accordingly, a tenderfoot ought to dependably ask these 3 inquiries to himself before bouncing into the Stock Market like some other work.

       Why you want to Invest?

This is extremely fundamental inquiry you ought to ask before beginning venture. On the off chance that your objective is here and now returns and getting rich over a night then it isn't what you are searching for and you should purchase lottery ticket. You ought to be clear about the use of cash on development. Will you purchase a benefit or it will be your retirement reserve or something different? What amount of sum you can shed, out of your present pay effectively and whether you are prepared to lose this much cash in the occasion everything goes south? Be that as it may, losing everything relies upon such a large number of variables and it isn't absolutely the one which we are explaining here. When you have settled your Why? At that point continue further.

     What are risks involved?

Before buying any Stock, you ought to altogether break down and get your work done on that stock. There are exceptionally straightforward systems, which might be useful. In the event that you are having a long haul viewpoint, at that point you can purchase blue chip stocks. Blue Chip Stocks are of those organizations which are working on substantial scale and have demonstrated reputation throughout the years. Despite the fact that these securities are not as solid as plated edged securities. You can check the organization's PE proportion, EPS and different essentials. You can likewise scan for what organization is doing directly and what designs they need to extend their current business? All these data you can get from organization's yearly report

                  When you are going to exit?

This is also one of the best strategies to win the Stock Market. You should know that when you are going to exit the market. Suppose, you have bought one stock at Rs 10/- per share, then you should keep in mind your sale price at the same time. When prices move up or down, you should be clear about your tenure and target in the particular stock you are buying. If price of a particular share has reached to Rs 50/- then you should not think that it will again rise to another higher level. Basically, you should know your sale price.

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CapitalHeight News - RITES stock debuts with premium of 2.7% at Rs 190 on BSE

Railroads consultancy firm RITES began off the primary day at Rs 190 for every offer on the BSE on Monday.

The stock cost aroused 2.7 percent contrasted with issue value which settled at Rs 185 for each offer.

It exchanged 9.7 percent higher at Rs 202.95 in the wake of hitting a high of Rs 205.75.

The Rs 466-crore starting open offer had collected solid financial specialist request, with the issue getting oversubscribed 67.24 times amid June 20-22.

The value band for the issue was settled at Rs 180-185 for each offer. The issue had comprised of offer available to be purchased of 2.52 crore value shares by the legislature.

It was the principal state-possessed firm to hit the IPO showcase in the current financial.

Customs is an entirely possessed government organization, a Miniratna (Category – I) Schedule 'An' open division endeavor. It is a main player in the vehicle consultancy and designing division in India and the main organization having expanded administrations and geological reach in this field under one rooftop, according to IRR Report.

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CapitalHeight News- Interesting fact about Stock Market

Amazing Facts About Stock Markets: There are many interesting and amazing facts about stock markets that you may not have come across.

                            

BSE in India :

Bombay Stock Exchange (BSE) in India has the highest number of listed companies in the world with an estimated 5689 companies. National Stock Exchange (NSE) of India has around 1750 companies.

Most Expensive Stocks :

The most expensive stock in world is the Warren Buffet’s Hathaway, Class A, which is priced at USD 2,13,330 per share. The reason for such a high price is that the company doesn’t splits the shares.

Oldest Stock Exchange:

The oldest stock exchange in the world is Amsterdam Stock Exchange, which was established in 1602 by Dutch East India Company dealing with the printed stocks and bonds.

Indian Household Saving :

In India, out of 22124.14 INR billion household savings, only 2% goes as investment into equities. People in India are more inclined to invest their money in gold, banks and in real estate.

Bear &  Bull :

The terms “Bear” and “Bull” are thought to be originated from the way of attacking by each animal, with the bull thrusting its horn up in the air, while a bear swiping downwards. Historically, the middleman used to speculate on the future price of the bearskins by selling them which they yet had to receive from the tappers, with the expectation that the price will drop. They used to call the middleman as bear jobbers and in short “bears” which is known to describe the downturn in the market. As bull was assumed to be opposite of the bear at that time so it was termed as the upward movement of the market.

Seasonal Impact on Market :

Historically, on an average the market declines mostly in the month of September. The three leading indicator DJIA (Dow Jones), S&P 500 (Standard and Poor) and NASDAQ have seemed to be performing poorly in this month. One of the reasons for this is that the trading volume declines in summer as the investors take time for vacation and once they return to work, they exit positions they had build up.

Algorithmic Trading :

In the year 2006, one third of the all stocks traded in US and European Union was traded through Algorithmic Trading, a trading system heavily reliant on the mathematical formulas and high speed algorithms and computer programming. And by 2008, almost around 80% of trading was being done by algorithms, however due to various regulations the trading volume via algorithms in percentage terms declined after 2008.

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CapitalHeight News - Nifty below 10,650 mark; ICICI Bank, TCS stocks down

Equity benchmark indices remained under pressure in afternoon trade, mainly as investors tried to adjust to the impact of rising oil prices. Further, company profits before the expiry of the June futures and options contract may have also promoted this volatility. Today's losses led by ICICI Bank, HDFC, Yes Bank and State Bank of India.

Meanwhile, the rupee fell to a record low of Rs69 per dollar. Since a weaker rupee bodes well for IT companies, BSE’s IT index rose to 0.4% in an otherwise sluggish market.

Most of Nifty’s sectoral indices were trading in the red. Only the auto and metal index registered marginal gains.

At 1:14 PM, BSE Sensex was trading at 35,140 down 76 points, while NSE Nifty was trading down 10,629 down 42 points.

BSE Mid-cap Index was trading down 0.69% at 15,319, while BSE Small-cap Index was trading down 0.99% at 15,812.

M&M (+1.60%), Infosys (+1.40%), Tata Steel (+1.03%), Lupin (+0.96%), and ONGC (+0.86%) were the top gainers on NSE.

Tech Mahindra (-4.52%), Titan (-3.39%), GAIL (-2.74%), Grasim (-2.09%), and Coal India (-2.05%) were the top losers on NSE.

All sectoral indices were showing weakness on the BSE, with consumer durables, banking, capital goods and oil & gas leading the pack.

The India VIX was down 0.66% at 13.4200.

Out of 2,059 stocks traded on the NSE, 1,226 declined, 436 advanced and 397 remained unchanged on Thursday.

A total of seven stocks registered a fresh 52-week high in trade, while 342 stocks touched a new 52-week low on the NSE.

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CapitalHeight News: Top 5 Stocks To Watch

Don’t miss them! Brokerages initiate coverage on these 5 stocks that can give 20-40% returns:

A new business, a new idea is something that always excites value investors. Indian market did manage to climb all wall of worries and trade back in green for the year 2018 but the same can’t be said for stocks belonging to the mid- and small-cap space.

Even the quality stocks across the board saw selling but the fall was not as severe as compared to other stocks which have lost up to 80 percent of their value in a matter of just six months.

It looks like the market is adjusting to the new reality of US Fed liquidity withdrawal and India has seen outflows from foreign institutional investors segment. Earnings have failed to pick up while trade war fears have capped upside for markets not just for India but across the globe.

On a year-to-date (YTD) basis, many stocks have corrected but quality stocks have declined lesser. Amid the carnage, high-quality names, especially within midcaps, haven’t corrected that much, suggest experts.

Watch Today's Market Live: CapitalHeight

Stocks in the news: CapitalHeight

Here are stocks that are in news today:

Piramal Enterprises, Fortis, Bajaj Auto, Jet Airways, NHPC, Grasim, United Spirits :

Piramal Enterprises to sell arm Piramal Imaging to Alliance Medical Acquisitionco

Fortis Healthcare board meeting to consider Q4 results adjourned on June 25; to be re-convened on June 26, 2018.

JMC secures new orders of Rs 1,966 crore

Aurobindo Pharma receives USFDA approval for Ertapenem injection

 Bank of Baroda plans to raise Rs 6,000 crore

Karur Vysya Bank to raise up to Rs 1,200 crore via securities

HDFC, Kotak deny eyeing stake in PNB Housing Finance

Ratnamani Metals received a domestic order for supply of welded carbon steel pipes valued at Rs 125.51 crore which will be completed by March/April, 2019

Hydrocarbon discovery by Oil India in KG Basin, Andhra Pradesh

Reliance Industries - Reliance Jio Infocomm signed USD 1 billion equivalent term loan facility covered by Korea Trade Insurance Corporation

Gujarat NRE Coke to seek stakeholders nod on revival plan

PNB fraud: ED moves court seeking extradition of Nirav Modi

Gujarat Natural Resources issued and allotted on preferential basis 2.4 crore convertible warrants at an issue price of Rs 22 per warrant

Lakshmi Vilas Bank to Consider Fund Raising Plan

United Spirits acquires 26% stake in HipBar

Bajaj Auto: Company to set up assembly unit in Indonesia this year

Aarti Industries board meet on June 28 to consider and approve the proposal for composite scheme of arrangement between Aarti Industries, Nascent Chemical Industries and Arti Surfactants and their respective shareholders

Jet Airways: Company says to buy additional 75 Boeing 737 Max jets

Hero MotoCorp: Company expects double-digit growth for global biz in FY'19

NHPC: Company has signed power purchase agreement with UP Power Corporation, Lucknow

Capital First approved issue of NCD worth Rs 75 crore

Blue Star: The company allotted 15,800 shares under ESOP scheme

NOCIL commissioned Phase - 1 of expansion of capacities of Rubber Chemicals at its Navi Mumbai plant

PNB Housing Finance to consider funds raising bia public issue of NCDs

Grasim: Jaya Shree Textiles Declares Lock-out At Rishra Plant Effective June 25

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CapitalHeight News- Nifty trades below 10,750 mark; Reliance Industries, Infosys stocks slip

Latest Market News From CapitalHeight :

Benchmark equity indices extended losses tracking weakness in global stocks as the trade conflict between the US and China intensified. The most actively traded stocks on the NSE were ICICI Bank, Dr. Reddy's Labs, Tata Steel, TCS and HDFC Bank. The Shanghai Composite Index fell 3% and dropped to its lowest level since July 2016, while Hong Kong's Hang Seng shed more than 2%.

On the global front, China's Shanghai Composite dropped 3% and Hong Kong's Hang Seng fell 2%, while Dow Jones futures also shed around 300 points, indicating weak opening on the Wall Street.

At 2:17 PM, BSE Sensex was at 35,338 down 210 points, while NSE Nifty was at 10,720, down 79 points.

BSE Midcap Index is trading lower 1.10%, while BSE Smallcap Index is trading down 1.28%.

On the sectoral front, IT stocks are trading weak with Infosys down close to 2% followed by HCL Technologies, Mindtree, Oracle Financial Services and Wipro.

Metal stocks are trading weak and fell 1.6% with Hindustan Copper, Hindalco Industries, Jindal Steel & Power, SAIL, NMDC and Vedanta being the top losers.

Bank Nifty was also weak in the afternoon trade with State Bank of India down 2%, while Federal Bank, ICICI Bank, IDFC Bank, Punjab National Bank and RBL Bank were the other losers.

GAIL (+1.2%), Bajaj Fin (+1.2%), Bharti Airtel (+0.71%), ONGC (+0.64%) and HDFC Bank (+0.50%) were the top gainers on NSE.

Vedanta (-3.7%), IOC (-2.8%), HPCL (-2.8%), BPCL (-2.80%), and HPCL (-2.5%) were the top losers on NSE.

Out of 2,056 stocks traded on the NSE, 1,329 declined, 351 advanced and 376 remained unchanged today.

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