Hyundai sales up 5.7% at 54,420 units in April

Hyundai Motor India today reported a 5.7 per cent increase in total sales at 54,420 units in April. The company had sold 51,505 units in the same month last year, HMIL said in a statement. In domestic market, Hyundai sold 42,351 units last month, up 9.7 per cent, compared with 38,601 units a year ago. However, exports declined 6.5 per cent to 12,069 units as against 12,904 units in the same period last year. "In an industry seeing challenges on rural sales and diesel vehicle sales, Hyundai continued its growth momentum with volume growth of 9.7 per cent over last year with strong performance of... Creta, Elite i20, Grand." HMIL senior vice- president sales and marketing Rakesh Srivastava said.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759600

Today's Market News on Indian Stock Trading

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759600.

Dragged by weak global cues, the market has opened weak on Friday. The Sensex is down 160.06 points or 0.6 percent at 25102.15, and the Nifty is down 38.55 points or 0.5 percent at 7696.95. About 243 shares have advanced, 435 shares declined, and 35 shares are unchanged. ITC tanks over 3 percent while Dr Reddy's Labs, TCS, Hero MotoCorp and Tata Steel are losers while HDFC, Bharti Airtel and Wipro are gainers in the Sensex.

All sectoral indices on the Bombay Stock Exchange traded in the red, though the FMCG sub-index underperformed, falling over 1 per cent.Tobacco major ITC, which has the second largest weightage in the Nifty, fell over 3 per cent. ITC - India's biggest cigarette maker - has shut its plants from May 4 to comply with a new pictorial warnings rule issued by the government.

NASSCOM, Facebook ink MoU to engage with India's entrepreneurs

The trade body of Indian IT firms NASSCOM has signed an MoU with Facebook to build a product design initiative to engage the country's young entrepreneurs into becoming problem solvers and solution builders. Signed in Silicon Valley this week, the NASSCOM-Facebook initiative is likely to propel innovative thinking and approaches to build solutions in key sectors where technology can play a transformational role, NASSCOM President R Chandrashekhar said.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759600

BSE to provide participant code for derivatives from May 9

Leading stock exchange BSE will introduce a facility to enable trading members to provide participant code (CP code) while entering orders for clients in equity as well as currency derivative segments from May 9. "...exchange shall be making this functionality live from Monday, May 9, 2016 in equity derivatives and currency derivatives segments," BSE said in a circular. It will conduct a mock trading on May 7 in this regard. BSE will enable facility for trading members to provide the CP code at the time of entering orders for clients whose trades are settled by their clearing member and not by the trading member.

Join us at- www.marketmagnify.com/freetrial.php

or call at-  07314759600

Today's Signals on Share Market Trading

For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at www.marketmagnify.com/services.php or call at 07314759600.

 The S&P BSE Sensex surged over 100 points in early morning trade on Thursday tracking skittish trends in other Asian markets. The gains on the index were led by Sun Pharma, HDFC, HDFC Bank and Tata Motors.The 50-share NSE barometer Nifty50 also traded near its crucial support level of 7,750 supported by gains in pharma, banking, FMCG and IT stocks. 

Shares of India's Adani Port and Special Economic Zone fall for second straight session; down as much as 4.3 pct to their lowest since March 1.Jefferies cuts PT to 225 rupees from 250 rupees as it believes slowdown in core port earnings growth will cap upside in Adani Port; maintains "hold" rating.

March trade deficit narrows MoM to $5.07 bn vs $6.54 bn

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

India’s trade deficit or the gap between merchandise imports and exports touched a 5-year low to come in at USD 5.07 billion in March from February’s USD 6.54 billion. On year-on-year basis, the deficit was down to USD 118.46 billion from USD 137.69 billion. A sharper rise in exports, which expanded month-on-month (MoM) to USD 22.7 billion from USD 20.7 billion aided in narrowing the deficit even while imports too widened marginally to USD 27.79 billion from USD 27.28 billion.  Oil imports were only a tad higher MoM at USD 4.8 billion, but a major jump was seen in silver imports to USD 210.9 million compared to USD 50.61 million in February.

Indian Mcx Commodity Trading Tips Services

 For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at  07314759300.

The S&P BSE Sensex pared gains after rallying over 100 points in early morning trade on Monday, weighed down by losses in Infosys, HDFC, M&M, and Asian Paints.Investor sentiment was hit by low expectations from the earnings season that is set to kick start with IT giant Infosys on Friday. 

Concerns in the developed world over fading arsenal of central banks to fight deflation also weighed on sentiments. 
Indian stock markets closed little changed on Friday as investors took a pause before a busy week of corporate results, but the stock indexes posted their biggest weekly fall in six due to profit-taking in recent outperformers.

NPA recovery not PSU banks' core competence: BoB Chair

Even as asset quality concerns continue to persist, the stress in the corporate system will disappear as the economy picks up, says Ravi Venkatesan, Chairman, Bank of Baroda   to CNBC-TV18's Nimesh Shah at the 19th Annual Asia Investment Conference being held by Credit Suisse in Hong Kong. Venkatesan believes that recovering NPAs are not the core competence of a PSU bank and expresses concerns over the reluctance to create a public asset recovery company to deal with the bad loans. Bank of Baroda's balance-sheet is in a less stressed situation as compared to its counterparts, and Venkatesan maintains that they will be able to crawl out of this situation in a couple of quarters.

For more news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Today's Indian Stock Market Tips and Analysis

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 073.14759300.

Indian shares are likely to start with little direction, even as a sell-off on Wall Street overnight echoed in Asian equities today. The latest down move comes amid a rise in concern again that global growth will likely be weak going forward and as questions arise over the effectiveness of central bank monetary policies. 

Asian markets were trading on a weak note after bank shares slumped globally, while the yen soared to a 17-month high against the dollar as investors unwound bets against the yen, calculating that any effort by Japan to drive down the yen would be vigorously opposed by other major economies.

HDFC Shares Fall On One-Time Provision Of Rs 450 Crore

HDFC shares fell over 3 per cent on Thursday after the mortgage lender disclosed that it will make an additional one-time provision of Rs 450 crore in the quarter ended March.

"With the objective of further strengthening its balance sheet, the Corporation believes that it will be prudent to utilise a part of the exceptional gains to build and additional buffer against any unexpected risk in the future," HDFC said in a statement to the Bombay Stock Exchange.

For more news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Today's News on Indian Stock Market Tips

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit at www.marketmagnify.com/services.php or call at 07314759300.

The market rebounded on Wednesday after yesterday's sharp sell-off. The 30-share BSE Sensex rose 106.85 points to 24990.44 and the 50-share NSE Nifty climbed 34.85 points to 7638.05. ICICI Bank, Tata Motors, Lupin, Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, Hero Motocorp, BHEL and Hindalco Industries gained 1-2 percent while Wipro, HDFC, Cipla and NTPC were losers.

The Sensex and Nifty are likely to open marginally higher tracking flat trading of Nifty futures on the Singapore Stock Exchange amid subdued global cues.The Nifty futures traded on Singapore Exchange also known as the SGX Nifty traded 0.28 per cent or 21 points higher at 7,630.

RBI Rate Cut Effect on Investment in Stock Market by Marketmagnify

With the rate cut by RBI its a time to make a good decision in investment also a situation is generated what to do whether to sell/buy which shares and invest in which stocks.Every trader wants to make profit from this and we have the solution for it.

Just join our services and make a profitable calls to get the right decision in the market.Also a better service which make a profitable calls for long term.

Please visit us at www.marketmagnify.com/services.php or call at 07314759300.

Modi reels out credit growth, FDI inflows to slam doubters

In a strong rebuttal to those doubting India being the fastest growing major economy, Prime Minister Narendra Modi reeled out statistics on credit growth and record FDI inflows to underscore that the economic success was the hard-won result of prudence, sound policy and effective management. He said the government programmes are aimed at creating more employment as well as to carry out administrative and policy reforms for sustained growth.

For more news visit us at 

http://www.marketmagnify.com/services.php

 or call at 07314759300 

Indian Stock Market Trading Positions

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market has opened flat on Wednesday. The Sensex is down 43.78 points or 0.2 percent at 24507.39, and the Nifty is down 3.55 points at 7457.05. About 290 shares have advanced, 147 shares declined, and 33 shares are unchanged. BHEL, Adani Ports, Lupin, L&T and Infosys are top gainers in the Sensex. Among the losers are Bajaj Auto, Dr Reddy's Labs, HDFC, ICICI Bank and Tata Motors.

 The Sensex and Nifty edged lower in the opening deals on Wednesday tracking mixed global cues as markets waited anxiously for the Federal Reserve to provide guidance on the risk of US rate hikes this year.

Latest Tips and Services on Indian Stock Market

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

Equity benchmarks started off Tuesday on a negative note, tracking tepid Asian cues. The 30-share BSE Sensex fell 34 points to 24770.28 and the 50-share NSE Nifty declined 17.25 points to 7521.50. Lupin crashed 6 percent on Goa facility inspection by USFDA. HDFC and Sun Pharma declined over a percent while Infosys, SBI, TCS, L&T, Axis Bank and Maruti Suzuki gained 0.2-0.8 percent.

The broader markets were trading on a mixed note. The BSE mid-cap index was down 0.12 per cent while the small-cap index was up 0.16 per cent.The Sensex and Nifty are likely to open on a flat note tracking flat Nifty futures on the Singapore Stock Exchange amid subdued global cues.

Budget 2016: 100% tax deduction for startups for upto 3 years

Finance Minister Arun Jaitley in his budget speech announced a 100 percent tax deduction programme for three years over a period of five years for startups approved before FY2019 under the Startup India scheme. A recent report states that startups in India are expected to raise USD 700 million and 5000 jobs in the next 12 months. The Startup India iniciative, launched in January by Narendra Modi, plans to move in the same direction by providing incentives to startups in the form better incubation, talent and capital.

For more news visit us at 

http://www.marketmagnify.com/services.php

 or call at 07314759300 

No tax on PPF withdrawal; only interest to be taxed in EPF: Govt

The government today has clarified that the popular public provident fund (PPF) scheme will continue to stay out of the tax ambit and that tax will be levied only on accrued interest on 60 percent of employee provident fund (EPF) contribution. This was confirmed by Revenue Secretary Hasmukh Adhia who spoke to PTI, a day after the Union Budget set the cat among the pigeons when the Finance Minister vaguely referred to tax being referred to PF schemes. Further, small salaried employees with up to Rs 15,000/month income will be kept out of purview of proposed taxation of EPF.

For more news visit us at 

http://www.marketmagnify.com/services.php

 or call at 07314759300 

Updates on Indian Stock Market Services

For updates on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300.

The market rebounded sharply after the market priced in Union Budget 2016 in previous session. The Sensex rose 247.60 points or 1.08 percent to 23249.60 and the Nifty climbed 69.85 points or 1 percent to 7056.90, led by ITC. ITC rallied 6.46 percent post factoring in excise duty hike on cigarettes. ICICI Bank, Axis Bank, Infosys, SBI and PNB gained 1-3 percent while ONGC and Bharti Airtel fell more than 1 percent. 

Meanwhile, in a boost to the equity markets, The People's Bank of China (PBOC) said on its website on Monday that it cut its reserve requirement ratio, or the amount of cash that banks must hold as reserves, by 50 basis points.

News on Indian Stock Market Trading Services

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300

The market has opened flat on a very crucial day of February Future & options expiry and Rail Budget. The Sensex is up 2.37 points at 23091.30 and the Nifty is up 11.15 points or 0.2 percent at 7029.85. About 247 shares have advanced, 106 shares declined, and 20 shares are unchanged. Hindalco, ONGC, Tata Motors, ICICI Bank and BHEL are top gainers while NTPC, ITC, Hero MotoCorp, Dr Reddy's Labs and HDFC are losers in the Sensex.

Shares of companies dealing with Indian Railways turned highly volatile ahead of rail budget. Hind Rectifiers, Kalindee Rail, Kernex Microsystems and Titagarh Wagons were among the losers, down 1.6-6.2 per cent each.

Indian Stock Market Trading Tips and Services

For updates on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 07314759300 

The market has opened sharply lower on Wednesday, tracking weak global cues. The Sensex fell 129.34 points or 0.55 percent to 23280.84 and the Nifty declined 34.85 points or 0.49 percent to 7074.70. ICICI Bank, ONGC, NTPC, BHEL, Dr Reddy's Labs, PNB, Cairn India and Vedanta were down 1-4 percent while HUL, Maruti Suzuki, BPCL, Grasim, Zee Entertainment and Power Grid Corp were early gainers. 

The broader markets were also facing the heat of selling pressure. The BSE mid-cap index fell 0.74 per cent and small-cap index declined 0.56 per cent.From the Nifty-50 baskets of stocks, 35 shares were declining while 15 were advancing.