MARKET-HUB After losing more than 4 percent in the Budget week, the Indian markets registered a V-shape recovery in the post Budget rally amid positive global cues, falling oil prices, earnings from India Inc and inline Reserve Bank of India's Monetary Committee Policy.The market ended on a positive note for the first four days of the week, while with profit booking on February 7 dragged the Nifty below 12,100 level. Reliance Infrastructure: Vanguard Energy Fund sold 20,89,713 shares of the company for Rs 4.6 crore in a bulk deal on NSE on February 6. Indiabulls Housing Finance: Credit Suisse Singapore sold 40,21,973 shares of the company for Rs 127.1 crore in a bulk deal on NSE on February 6. Wipro: Company bagged multi-year strategic IT deal from Marelli. Adani Enterprises - Airbus signs aircraft services MoU with Adani Defence & Aerospace Bharti Airtel - DOT has conveyed that the schemes of arrangement w.r.t. demerger of consumer mobile business of Tata Teleservices (Maharashtra) and Tata Teleservices have been taken on record BEML Unveils Latest Products at DEFEXPO 2020 Adani Transmission's subsidiary Adani Electricity Mumbai has priced the issuance of USD 1 billion 10Y senior secured notes Minda Industries approved the Draft Scheme of Amalgamation of Minda iConnect with the company Aurobindo Pharma: Q3 profit dips 1 percent to Rs 705.3 cr, revenue rises 11.9 percent to Rs 5,895 cr YoY. United Bank Q3: Net profit at Rs 113.6 crore versus loss of Rs 1,139.3 crore, NII at Rs 819.4 crore versus Rs 380 crore, YoY US stocks gained for a fourth straight session on Thursday and Wall Street's main indexes hit record highs as concerns eased over the economic fallout from the coronavirus outbreak in China. Shares of Eicher Motors fell almost 4 percent in morning trade on the BSE on February 7 a day after the company had reported a 2.5 percent decline in its third-quarter standalone net profit at Rs 488.9 crore. The market cap of state-run Indian Railway Catering & Tourism Corporation (IRCTC) has zoomed past that of its private competitor MakeMyTrip during the last week. Data shows that histoically, the market cap of the NASDAQ-listed MakeMyTrip, currently at about USD 2.45 billion (or Rs 17,395 crore), has been higher than that of IRCTC. NEWS LETTER Beyond Research, Beyond Advice 8 th February 2020 Issue – 385 Market News
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Market News · MARKET-HUB to 94.00 64.30 Currency FUT LEVEL DEMAND ZONE LEVEL CLOSE SUPPLY ZONE LEVEL D2 D1 S1 S2 USDINR 71.00 71.20 71.25 71.80 72.20 GBPINR 91.80 92.17 92.55 92.80
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MARKET-HUB
After losing more than 4 percent in
the Budget week, the Indian markets
registered a V-shape recovery in the
post Budget rally amid positive global
cues, falling oil prices, earnings from
India Inc and inline Reserve Bank of
India's Monetary Committee
Policy.The market ended on a positive
note for the first four days of the
week, while with profit booking on
February 7 dragged the Nifty below
12,100 level.
Reliance Infrastructure: Vanguard
Energy Fund sold 20,89,713 shares of
the company for Rs 4.6 crore in a bulk
deal on NSE on February 6.
Indiabulls Housing Finance: Credit
Suisse Singapore sold 40,21,973
shares of the company for Rs 127.1
crore in a bulk deal on NSE on
February 6.
Wipro: Company bagged multi-year
strategic IT deal from Marelli.
Adani Enterprises - Airbus signs
aircraft services MoU with Adani
Defence & Aerospace
Bharti Airtel - DOT has conveyed that
the schemes of arrangement w.r.t.
demerger of consumer mobile
business of Tata Teleservices
(Maharashtra) and Tata Teleservices
have been taken on record
BEML Unveils Latest Products at
DEFEXPO 2020
Adani Transmission's subsidiary
Adani Electricity Mumbai has priced
the issuance of USD 1 billion 10Y
senior secured notes
Minda Industries approved the Draft
Scheme of Amalgamation of Minda
iConnect with the company
Aurobindo Pharma: Q3 profit dips 1
percent to Rs 705.3 cr, revenue rises
11.9 percent to Rs 5,895 cr YoY.
United Bank Q3: Net profit at Rs
113.6 crore versus loss of Rs 1,139.3
crore, NII at Rs 819.4 crore versus Rs
380 crore, YoY
US stocks gained for a fourth straight
session on Thursday and Wall Street's
main indexes hit record highs as
concerns eased over the economic
fallout from the coronavirus outbreak
in China.
Shares of Eicher Motors fell almost 4
percent in morning trade on the BSE
on February 7 a day after the
company had reported a 2.5 percent
decline in its third-quarter standalone
net profit at Rs 488.9 crore.
The market cap of state-run Indian
Railway Catering & Tourism
Corporation (IRCTC) has zoomed
past that of its private competitor
MakeMyTrip during the last week.
Data shows that histoically, the
market cap of the NASDAQ-listed
MakeMyTrip, currently at about USD
2.45 billion (or Rs 17,395 crore), has
been higher than that of IRCTC.
NEWS LETTER
Beyond Research,
Beyond Advice
8th February 2020
Issue – 385
Market News
MARKET-HUB
Results & Corporate Action
MARKET-HUB
Nifty Spot in Last Week:-
As we saw the Price Movement in Nifty Spot in last week that In Upside is
12,160.60 and in Downside 11,614.50.
Nifty Spot in Upcoming Week:-
There is strong Resistance is 12,222 if not close above this level then we will see sell
on rise down side target 12,000 to 11,950 if close above 12,222 then we will new
upside rally 12,500 possibility.
Bank Nifty in Upcoming week:-
There is strong support is 30,500 if not close below this level then we will see upside
target 31,500 to 31,700 level possibility.
Market Technical
Page: - 2
BANKNIFTY WEEKLY CHART
NIFTY WEEKLY CHART
Recommendation for next week
MARKET-HUB
COPPER: - Sell on rise with stop loss 452 down
side target will be 418 possibilities, down side 418
level strong support.
CRUDEOIL: - Buy in deep with stop loss
3,510 upside target will be 3,750 to 3,850
possibilities.
.
.
SILVER: - Buy in deep around 45,200
levels with stop loss 44,100 upside target will
be 47,100 to 47,800 possibilities.
GOLD: - Sell on rise with stop loss 41,100
down side target will be 40,000 possibilities.
Commodity Market
MARKET-HUB
Currency
FUT
LEVEL
DEMAND
ZONE
LEVEL
CLOSE SUPPLY
ZONE
LEVEL
D2 D1 S1 S2
USDINR 71.00 71.20 71.25 71.80 72.20
GBPINR 91.80 92.17 92.55 92.80 93.13
EURINR 77.80 78.20 78.47 78.78 79.00
JPYINR 64.30 64.66 65.21 65.44 65.93
USDINR: - Investors can buy on deep with stop
loss of 71.00 upside target will be 71.80 to 72.00
possibility, sell on rise with sl 72.20 target will be
71.00 possibility.
GBPINR: - Investors can buy in deep with
stop loss of 91.80 upside target will be 93.50
to 94.00 possibilities.
EURINR Investors can sell on rise with
stop loss of 79.40 down side target will be
77.82 possibility.
.
JPYINR: Investors can buy in deep
with stop loss of 64.00 upside target will
be 65.70 possibilities.
-
Currency Market (Future Levels)
MARKET-HUB
Premium / Discount
(USD/ INR) Based on
Forward Rates
Duration Premium
One
month
Forward
0.22
Three
month
Forward
0.42
Six
month
1.22
One year 2.63
RBI reference Rates
Currenc
y
Rates
USD 71.26
GBP 92.52
Euro 78.38
100 Yen 64.82
Currency Corner
MARKET-HUB
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There are many approaches to the investment. For lay man it is difficult to
understand and practice many of such approaches. In that reference it is
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one of them. The detail as appeared on Economic Times is presented here