nn 11 th August 2018 Issue - 312 Sensex closes over 150 points lower, Nifty gives up 11,450 After seeing fresh records and milestones during the week, it was an anti-climax ending for D-Street on Friday, with the Sensex ending over 150 points lower, while the Nifty giving up 11,450-mark. The 30-share index, which clinched 38,000 during the week, managed to end below that. At the close of market hours, the Sensex ended down 155.14 points or 0.41% at 37869.23, while the Nifty was lower by 41.20 points or 0.36% at 11429.50. The market breadth is narrow as 1,040 shares advanced, against a decline of 1,658 shares, while 140 shares were unchanged. Rupee falls 15 paise against US dollar amid global currency turmoil Caught in a fresh wave of global currency turbulence, the rupee fell sharply by 15 paise to end at 68.83 against the resurgent dollar amid fears of escalation in trade tensions worldwide. The Indian currency hit a fresh 3-week low in early trade before regaining some lost ground. SBI shares fall 4% on loss of Rs 4,876 cr in Q1 even as asset quality improves QoQ Country's largest lender State Bank of India shares fell 3.8 percent to close at Rs 304.45 on Friday after it reported a loss of Rs 4,876 crore for the quarter ended June, though asset quality improved sequentially. The bank had reported profit at Rs 2,005.5 crore in same period last year. Lower other income and higher provisions hit profitability but tax credit limited loss for the quarter. Hindalco reports 43% rise in Q1 net profit at Rs 413.5 crore Aluminium major, Hindalco, reported 43 percent rise in the net profit for June quarter at Rs 413.5 crore, against Rs 289.5 crore that the company reported last year. Its revenues grew 8.4 percent at Rs 10,593 crore against Rs 9,775 crore seen during the corresponding quarter of last year.
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nn
11th
August 2018 Issue - 312
Sensex closes over 150 points lower, Nifty gives
up 11,450
After seeing fresh records and milestones during
the week, it was an anti-climax ending for D-Street
on Friday, with the Sensex ending over 150 points
lower, while the Nifty giving up 11,450-mark. The
30-share index, which clinched 38,000 during the
week, managed to end below that.
At the close of market hours, the Sensex ended
down 155.14 points or 0.41% at 37869.23, while
the Nifty was lower by 41.20 points or 0.36% at
11429.50. The market breadth is narrow as 1,040
shares advanced, against a decline of 1,658 shares,
while 140 shares were unchanged.
Rupee falls 15 paise against US dollar amid
global currency turmoil
Caught in a fresh wave of global currency
turbulence, the rupee fell sharply by 15 paise to
end at 68.83 against the resurgent dollar amid
fears of escalation in trade tensions worldwide.
The Indian currency hit a fresh 3-week low in
early trade before regaining some lost ground.
SBI shares fall 4% on loss of Rs 4,876 cr in Q1
even as asset quality improves QoQ
Country's largest lender State Bank of India shares
fell 3.8 percent to close at Rs 304.45 on
Friday after it reported a loss of Rs 4,876 crore for
the quarter ended June, though asset quality
improved sequentially.
The bank had reported profit at Rs 2,005.5 crore in
same period last year. Lower other income and
higher provisions hit profitability but tax credit
limited loss for the quarter.
Hindalco reports 43% rise in Q1 net profit at
Rs 413.5 crore
Aluminium major, Hindalco, reported 43 percent
rise in the net profit for June quarter at Rs 413.5
crore, against Rs 289.5 crore that the company
reported last year.
Its revenues grew 8.4 percent at Rs 10,593 crore
against Rs 9,775 crore seen during the
corresponding quarter of last year.
Corporate Action Company Name Type
& Percentage
Record Date Ex-Date
BONUS Karur Vysya 1:10 18-08-2018 14-08-2018
SPLITS Signet Ind New FV 10 13-08-2018 -
DIVIDEND
Meera Industrie Final (12%) 14-08-2018 13-08-2018
L&T Technology Final (600%) - 13-08-2018
JK Tyre & Ind Final (75%) - 13-08-2018
Indiabulls Hsg Interim (500%) 14-08-2018 13-08-2018
Cipla Final (150%) - 13-08-2018
Vimta Labs Final (100%) - 14-08-2018
Suryaamba Spin Final (10%) - 14-08-2018
SRF Interim (60%) 16-08-2018 14-08-2018
Somany Ceramics Final (135%) - 14-08-2018
PPAP Automotive Final (25%) - 14-08-2018
Prima Plastics Final (20%) - 14-08-2018
Panama Petro Final (60%) - 14-08-2018
Pricol Final (100%) - 14-08-2018
Omaxe Final (7%) - 14-08-2018
Maruti Suzuki Final (1600%) - 14-08-2018
Chennai Petro Final (185%) - 14-08-2018
Cera Sanitary Final (240%) - 14-08-2018
Mazda Final (81%) - 14-08-2018
Larsen Final (800%) - 14-08-2018
LKP Securities Final (5%) - 14-08-2018
L&T Infotech Final (1350%) - 14-08-2018
ICE Make Refrig Final (10%) - 14-08-2018
IFGL Refractory Final (20%) - 14-08-2018
Indo Borax Final (15%) - 14-08-2018
Gautam Exim Final (10%) - 14-08-2018
Munjal Auto Ind Final (60%) - 14-08-2018
Future Supply Final (10%) 17-08-2018 14-08-2018
Captain Technoc Final (3%) 17-08-2018 14-08-2018
Captain Poly Final (2%) - 14-08-2018
CL Educate Interim (10%) 17-08-2018 14-08-2018
Bliss GVS Final (100%) - 14-08-2018
Astral Poly Tec Final (35%) - 14-08-2018
A Infra. Final (2%) - 14-08-2018
Trident Interim (6%) 16-08-2018 14-08-2018
Ashiana Housing Final (12.50%) - 14-08-2018
Asian Hotel (E) Final (25%) - 14-08-2018
Elixir Cap Final (12.50%) - 14-08-2018
Assoc Alcohol Final (10%) - 14-08-2018
ZF Steering Gea Final (80%) - 16-08-2018
Vinyl Chemicals Final (240%) - 16-08-2018
Mallcom (India) Final (20%) - 16-08-2018
Kajaria Ceramic Final (300%) - 16-08-2018
IG Petro Final (40%) - 16-08-2018
Elcid Investmen Final (150%) - 16-08-2018
Baid Leasing Final (5%) - 16-08-2018
Nifty Spot In Last Week :-
As we saw the Price Movement in Nifty Spot in last week that In Upside is 11,495.25 and in Downside
11,359.70.
Nifty Spot In Upcoming Week :-
There is a very Strong support is in downside level 11,130, Buy in every dips with stop loss 11,130 up side very strong
resistance is 11,500 if close above 11,500 then next rally would be 11700, to 11800.
Bank Nifty in Upcoming week :-
There is a very Strong support is in downside level of 27,850,up side very strong a resistance is 28550. Sell on rise with
stop loss of 28550 for the target 27,850 to 27500.
BANKNIFTY WEEKLY CHART
COPPER WEEKLY CHART
COPPER:- There is a strong resistance level of 446
on upside; Investors can sell on rise Copper with the
Stop loss of 450 and target will be 402 Buy on dips
with the Stop loss 402 for target 425 to 440.
CRUDE OIL :- Buy on dips in the
range of 4,560 to 4,520 with the stop loss
4,380 target will be 4800 to 4950.
CRUDE OILWEEKLY CHART
SILVER:- Buy on dips with the Stop
loss of 37,200 for target 38,750 to 39,300.
If Close below 37,200 next target will be
33,600 possibilities.
GOLD:- Buy on dips around
29,650 with the Stop loss
29,500 for target will be
30,000 to 30,700 possibilities.
NATURALGAS:- Buy on dips
around 196 with the stop loss
of 190, target will be 205 to
205.
GOLD WEEKLY CHART
SILVER WEEKLY CHART
NATURALGAS WEEKLY CHART
Nifty WEEKLY CHART
USDINR: : Investors can buy on dips in the range
of 68.20 to 68.30 with a stop loss of 68.00. On
upside target will be 69.10 to 69.40 if close above
69.40 then next target will be 70.50 to 72.00.
GBPINR: : Investors can buy on dips around
87.65 with the stop loss of 87.00 and on upside
the target will be 88.70.
USDINR CHART
GBPINR CHART
EURINR: : Investors can buy on dips around
78.75 with the stop loss of 78.00 and on upside
the target will be 80.00.
EURINR CHART
JPYINR: Investors can sell on rise in the range
of 62.09 to 62.20 with a stop loss of 62.73, target
will be 61.50 to 61.15.
JPYINR CHART
Factors affecting Currency Rates: Turkey’s Currency LIRA fell 14% against the Dollar on account of doubling of tariff by America on its steel and Aluminum
impacting badly on the already troubled economy of Turkey.
Euro also traded to the 13 months low because of exposure to Turkey’s economy by some of the larger European banks.
Russian Rubble also touched 2 year low on the fear of Trade war.
Crude price were weak initially on consideration that the trade war will bring down the Global economy affecting the
demand of oil. However, the US sanctions on Iran had controlled the supply of crude and hence the price halted from
falling.
Considering all these, the Rupee which remained firm initially, plunged at the end of the week. The fall was sharp. It is
believed that the RBI, through the state-owned banks had intervened to support the rupee. The rupee fell to the three week
low level.
During the week the rupee cash ranged between 69.0300 to 68.4525 .
Looking to the Dollar’s strength against all the major currencies, rupee doesn’t look like gaining major strength.
Charts Showing trends of Dollar Index v/s USD/INR & USD/EUR
Premium / Discount (USD/ INR)
Based on Forward Rates
Duration Premium
One month
Forward
0.23
Three month
Forward
0.47
Six month 1.23
One year 2.62
RBI reference Rates
Currency Rates
USD 68.9538
GBP 88.1901
Euro 78.9985
100 Yen 61.1500
Games Promoters Play
To invest in stock market it is necessary to know the behavior of the promoters of the
company as well as its economical scenario. Quality of promoters play very important role. This
type of case we found recently.
Tribhuvandas Bhimji Zaveri(TBZ) is a very old and well know Gems & Jewelers company.
According to the Annual Report of this company the most important thing for them to care the
interest of their share holders. Even as they pursue an aggressive expansion strategy, at the
heart of our business model is delivering value to our shareholders as well as all other
stakeholders. Our consistence and relentless focus on delivering value has today brought us to
an inflection point.
We have the right combination of people and proposition, design and brand, reach and
presence that will propel our next phase of growth.
It seems respectful to know about the company, but the reality is different. The promoters put
their increment with the strategy to care their share holders; this is very strange to know. From
the periods of January 2019 companies top promoters Mr. Shrikant Zaveri has requested to
increase their salary 60,50,000/- per month and for his two daughter’s (Raashi and Binaaisha)
salary 31,10,400/- per month for each, according to this parameters the annual salary of Mr.
Shrikant will be 7.26 cr and his two daughter’s 7.46 cr,This will be a very huge load on
company.
The company that makes 21Cr. profit but according to the increment of their 3 promoters it
will pay 15 cr. That will be 66% of their profit. This is not good for their shareholders.
This is very unfair for retail investors. Investors should avoid investing in such companies and
their promoters.
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