CAPITAL STROKE :- MARKET UPDATE

MARKET UPDATE :-

 Jet Airways climbe 30% as Tata deal buzz spreads According to reports by CNBC-TV18, Tata Sons chairman N Chandrasekaran is in favour of the deal, but Chairman Emeritus Ratan Tata has some reservations. Shares of Jet Airways are up over 30 percent on reports that the government is keen to see Tata-Jet Deal going through. According to reports by CNBC-TV18, Tata Sons chairman N Chandrasekaran is in favour of the deal, but Chairman Emeritus Ratan Tata has some reservations. The Board of Tata Sons will discuss the proposal on Friday and if approved by the Board, the airline deal could move quickly. The report further added that the government does not want another full service carrier to be facing troubles.

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CAPITAL STROKE :- MARKET UPDATE

MARKET UPDATE :-

CAPITAL STROKE

 Yes Bank tumbles 8% on Ashok Chawla's resignation; buys 13% stake in Valecha Engg Yes Bank acquired 29,28,504 equity shares, constituting 12.99% of Valecha Engineering, pursuant to invocation of pledge on the said equity shares. Shares of Yes Bank tumbled 8 percent intraday Thursday on the back of resignation of Non-Executive (Independent) Part-time Chairman of the bank. The bank in its BSE filing said that, the Non-Executive (Independent) Chairman of Yes Bank Ashok Chawla has resigned on November 14 with immediate effect.

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CAPITAL STROKE :- STOCKS UPDATE

MARKET UPDATE :-

STOCKS NEWS

Govt may hike tariffs on local gas pipelines by 25-30% India's gas transportation regulator Petroleum and Natural Gas Regulatory Board (PNGRB) recently raised the tariff by the same range on seven local piplines. India is planning a 25 percent to 30 percent hike in tariffs for local gas pipelines by end-December, an industry source with direct knowledge of the matter said on Wednesday. India's gas transportation regulator Petroleum and Natural Gas Regulatory Board (PNGRB) recently raised the tariff by the same range on seven local pipelines. The new hike would apply to all remaining pipelines. "Normally tariffs are revised in 5 years, but this revision is pending for quite some time," the source said. PNGRB's chairman D K Sarraf said at a conference earlier on Wednesday that the board will hike the tariff for all pipelines by end-December but did not detail the size of the hike. The tariff is the amount pipeline owners can charge to transport gas. The move will benefit the country's biggest natural gas transporter Gail (India) Ltd, western India-based state-owned gas transportation company Gujarat State Petroleum Corp and Mukesh Ambani's Reliance Industries Ltd. 

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CAPITAL STROKE :- MARKET UPDATE

MARKET NEWS :-

NCLAT approves UltraTech's revised bid for Binani Cement UltraTech Cement's revised offer was at Rs 7,900 crore, against its earlier bid of Rs 7,200 crore The National Company Law Appellate Tribunal (NCLAT) Wednesday approved the revised bid of Aditya Birla group firm UltraTech Cement for debt-ridden Binani Cement.

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CAPITAL STROKE :- STOCKS MARKET UPDATE

                                                      STOCKS MARKET UPDATE

Stocks Market Update

 Results today: HDFC AMC, Coffee Day Enterprises, Tata Power Company, LIC Housing Finance, Colgate Palmolive, Bharat Petroleum Corporation, Honda Siel Power Products, Kingfa Science, GP Petroleums, Jullundur Motor Agency, HPL Electric & Power, Premier Explosives, Hester Biosciences, Paisalo Digital, Newgen Software Technologies, Genus Paper & Boards, Snowman Logistics, Wonderla Holidays, DCM Shriram, Just Dial, Union Bank of India, Sun Pharma Advanced Research Company, SEL Manufacturing Company, Vaibhav Global, Visa Steel, Sundram Fasteners, Solar Industries, Rane Holdings, Finolex Industries, Chennai Petroleum Corporation, Century Textiles, Vinyl Chemicals, Man Industries (India), Punjab Chemicals, Maithan Alloys, Ester Industries, Poly Medicure, Sagar Cements, Archidply Industries, KRBL, KPR Mill, Raj Television Network, IFB Industries, Prakash Industries, HSIL, Mafatlal Finance, Ballarpur Industries, Swaraj Engines, Gruh Finance, Chambal Fertilizers, Lakshmi Energy and Foods, Sudarshan Chemical Industries, Supreme Industries, Meghmani Organics, Vijaya Bank, Thirumalai Chemicals, OnMobile Global, Plastiblends India, Mahindra Holidays, Action Construction Equipment, Carborundum Universal, Nilkamal, Granules India, Mangalore Chemicals & Fertilizers, Nelcast, Monsanto India :

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CAPITAL STROKE :- MARKET UPDATE

MARKET UPDATE :-

MARKET UPDATE

 Results on Thursday: Bharti Airtel, Yes Bank, Maruti Suzuki India, BHEL, L&T Technology Services, Varun Beverages, Piramal Enterprises, Quess Corp, Crompton Greaves Consumer Electricals, Liberty Shoes, Kirloskar Industries, HIL, Music Broadcast, Shriram City Union Finance, HCL Infosystems, Intellect Design Arena, Biocon, Kirloskar Brothers, DB Corp, Gallantt Metal, Shalimar Paints, VLS Finance, JSW Steel, JM Financial, Hotel Rugby, CEAT, NIIT, Shriram Transport Finance Company, Punj Lloyd, Rane (Madras), Mastek, Dish TV India, Intellect Design Arena, Ausom Enterprise, Bodal Chemicals, Praj Industries, Banco Products (I), 63 Moons Technologies, Oriental Bank of Commerce, GMM Pfaudler, Kajaria Ceramics, HeidelbergCement India, Jubilant Industries, Aptech, Raymond, SQS India BFSI, Shalby, GMDC, Kewal Kiran Clothing, V-Guard Industries, Bharat Heavy Electricals, Tata Coffee, PVR, GMM Pfaudler.

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MARKET UPDATE :-

CAPITAL STROKE

 Market Live: Sensex sinks 900 pts; rupee hits 74/$ for first time as RBI holds rates The market continued to be under heavy selling pressure especially after it hit record high at the end of August. HDFC Bank said this is a risky move by the RBI since the market was positioned for a rate hike, purely as a rupee defence. In its absence currency and asset markets could see sharper corrections, he feels.

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CAPITAL STROKE :- MARKET UPDATE

MARKET NEWS :-

SHARE MARKET IMAGE

 OMCs hits 52-week low as government cut excise duty on petrol, diesel Shares of Oil marketing companies (OMCs) including HPCL, BPCL and IOC touched 52-week low after government cut excise on petrol and diesel by Rs 1.50, while OMC will absorb Re 1 cut. Finance Minister Arun Jaitley in press conference announced that the government has cut excise duty on petrol and diesel by Rs 1.50 per litre, while OMCs will absorb the cut of Re 1 per litre. Hindustan Petroleum Corporation was quoting at Rs 208.20, down Rs 43.15, or 17.17 percent. It has touched a 52-week low of Rs 208.20. Bharat Petroleum Corporation was quoting at Rs 314.80, down Rs 62.65, or 16.60 percent. It has touched a 52-week low of Rs 310. Indian Oil Corporation was quoting at Rs 135.00, down Rs 22.50, or 14.29 percent. It has touched a 52-week low of Rs 134.05. At 15:27 hrs GAIL India was quoting at Rs 362.85, down Rs 18.75, or 4.91 percent.

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Basic customs duty has been increased on 19 items to curb import of certain items and total value of imports of these items in FY18 was about Rs 86,000 crore Item Current Revised Air Conditioner 10 20 Refrigerators 10 20 Washing Machines ( Less than 10 kg) 10 20 Compressor for Refrigerators & ACs 7.5 10 Speakers 1

CAPITAL STROKE

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CAPITAL STROKE :- MARKET UPDATE

Opinion | Monetary Policy Committee will hike interest rates in Oct to support the rupee The Monetary Policy Committee's (MPC) meeting on October 3-5 will focus on key upside risks to the inflation trajectory and overall macro-economic stability, which have materialised since the August meeting, even as Consumer Price Index (CPI) inflation slipped below the 4 percent target.

CAPITAL STROKE

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