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Wednesday, 23 August 2017

Govt mulls to aid exporters hit by strong rupee

The government through Export Credit Guarantee Corporation (ECGC) may give support to exports which have been hurt by the strengthening rupee, reported a leading business daily.

During Wednesday’s trade, the rupee opened at 64.04 against US Dollar on Wednesday. It had closed at 64.09 per US Dollar in the previous trading session.

The body is planning to invest Rs 3,500 crore that would help traders to strike deals and help ECGC to write-off mega risks and provide adequate cover to exporters.

ECGC has requested the government to exempt it from paying dividend till it reaches Rs 5,000 crore of authorised capital from the current Rs 1,500 crore.


Tuesday, 22 August 2017

Dr Reddy`s Lab`s arm out licenses DFD-06 to Encore

Dr Reddy’s Laboratories Ltd has said that its wholly-owned subsidiary Promius Pharma has out-licensed the future development, manufacturing, and commercialisation rights of DFD-06, a topical high potency steroid, to Encore Dermatology Inc. The drug is intended to be used for the treatment of moderate to severe plaque psoriasis.
Under the terms of the agreement, Encore will be responsible for the commercialisation of DFD-06 in the US. Promius Pharma is eligible to receive certain pre- and post-commercialisation milestone payments of up to $32.5 million, followed by fixed royalty payments on net sales.
Meanwhile, shares of the company were trading at Rs 1956.65 apiece, up 1.22 per cent from the previous close at 11:14 hours on BSE.

BUY DRREDDY'S FUTURE ABOVE 1980 TG 2020, 2070 SL 1950,

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BUY APOLLO HOSPITAL FUTURE ABOVE 1080 TG 1110, 1150 SL 1060,

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Monday, 21 August 2017

RBI sets rupee reference rate at 64.0285 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.0285 against the US dollar and 75.2143 for the euro. The corresponding rates were 64.1048 and 75.2078, as on Aug 18,2017.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.3983 and 58.68 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.



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Thursday, 17 August 2017

INTRADAY FUTURE MORNING CALL FOR 18-AUG-2017


BUY DISH TV FUTURE AROUND 77 TG 81, 86 SL 75,

BUY GSFC FUTURE ABOVE 140 TG 140.75, 141.75, 143.25 SL 138.70,

SELL INFOSYS FUTURE BELOW 961 TG 957, 952, 945 SL 967,

BUY IOC FUTURE ABOVE 435 TG 437, 439, 442 SL 432,

BUY HINDPETRO FUTURE ABOVE 441 TG 443, 445, 448 SL 438,


GET DAILY TOP 10 BEST STOCK ADVISORY CALLS HERE 



Wednesday, 16 August 2017

F&O: August Nifty futures premium narrows

Nifty was trading off its day’s low level as of 1100 hours on Thursday. The index was trading at 9,938 level, up by 40 points. Market observers believe that if the index holds above 9,930 level then it is likely to witness fresh upsurge. Movement in derivatives market is also seen to support this view. Maximum addition of open positions was seen at the strike level of 9,900 followed by 10,200 and 10,000 for call options while at the strike level of 9,900 followed by 9,800 and 9,700 for put options of August series.

BUY NIFTY FUTURE ABOVE 9905 TG 9920, 9940, 9970 SL 9880,



NIFTY FUTURE TIPS TODAY


NIFTY,BANK NIFTY FUTURE TIPS FOR 16-AUG

Benchmark index, Nifty has been trading in a choppy manner. There are 24 advances and 27 declines in Nifty50 index. FMCG stocks are holding onto their gains whereas bank stocks are continued to trade in negative territory.
 
Bank Nifty index was trading in negative territory, down by 110 points at 24,005 level. Yes Bank, Bank of Baroda and Canara Bank were among top losers in the index trading lower by more than 1%.

BUY NIFTY FUTURE ABOVE 9810 TG 9825, 9845, 9875 SL 9785,

BUY BANK NIFTY FUTURE ABOVE 24050 TG 24090, 24130, 24190 SL 23990,





Monday, 14 August 2017

BSE Metal index shines, up 3%

S&P BSE Metal index soared by over 3% intraday on Monday’s trading session on the back of Jindal Steel. Jindal Steel was the top gainer on the index, trading higher by 7.65% at Rs 137 per share.
 
BSE Metal was trading in a bullish mood with all its stocks in the green zone. The index was trading higher by 3.46% at 12,705 levels. Vedanta was contributing majorly to the index gains, trading up by 4.59% at Rs 290 per share. Among others, Tata Steel, Hindalco Industries and JSW Steel were contributing more than 50 points to the S&P BSE Metal index gains.
 
Other stocks including National Aluminium Company Ltd was trading higher by 5.35% at Rs 65 per share, JSW Steel was up by 4.29% at Rs 233 per share, Tata Steel was up by 4.12% at Rs 620 per share and Hindalco Industries was up by 4.12% at Rs 230 per share. While, Hindustan Zinc, NMDC, SAIL were soared by over 3% and Coal India was up by 1.14% at Rs 237 per share.   



 
 
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