Vodafone India, i-banks to kick-off IPO talks today: Sources

Telecom giant Vodafone India will be the largest IPO in half a decade, after Coal India, reports Nisha Podar of CNBC-TV18. Vodafone Group Plc may raise over USD 2 billion via IPO of its Indian arm. Vodafone India has recently mandated major investment banks (Bank of America-Merrill Lynch, Deutsche Bank, HSBC, UBS, Kotak Bank) for the process of carrying out IPO.   Sunil Sood, MD and CEO of Vodafone India, along with the aforementioned banks will soon be kick-starting the process for the IPO in Mumbai on May 19. However, Vodafone Group, the parent company, has not yet given its nod to the IPO, sources said. 

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

or call at-  07314759600

Lupin Q4 profit soars 47% on US biz despite 65% rise in R&D cost

Lupin's fourth quarter earnings surpassed analysts' expectations on Thursday with consolidated profit soaring 47.5 percent to Rs 807 crore compared to year-ago period, driven by strong international as well as domestic business despite sharp spike in tax cost. Revenue in Q4 increased 35.9 percent to Rs 4,181.2 crore with international business rising 41.1 percent (to Rs 3,305.7 crore) and India growing 19 percent (to Rs 875.5 crore) compared to corresponding period of last fiscal, the pharma major said in its filing.

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

or call at-  07314759600

Indian Share Market Trading Tips Services

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 slipped over 100 points in Thursday morning trade ahead of outcome of assembly elections in the high-stakes Assembly elections in West Bengal , Kerala Tamil, Nadu, Puducherry and Assam. The fall in the index was led by losses in HDFC Bank, HDFC, ITC, L&T, and Axis Bank. 

Castrol India down as much as 4.7 pct to its lowest since March 29.Castrol Ltd selling up to 10.5 percent stake in Castrol India for as much as $287 million, according to a term sheet seen by Reuters.Share sale at an indicative range of 355-385.25 rupees per share vs its 385.25 rupees closing price on Wednesday.

JSW Steel Q4 profit up 3-fold to Rs 171cr, FY16 loss at Rs 742cr

JSW Steel's fourth quarter consolidated profit nearly trebled to Rs 171.25 crore compared to Rs 62.38 crore in year-ago period, supported by operational performance and other income. Revenue declined 15 percent to Rs 10,697.52 crore in quarter ended March 2016 compared to Rs 12,599.7 crore in same period last fiscal. Operating profit (earnings before interest, tax, depreciation and amortisation) grew by 8.4 percent to Rs 1,825 crore and margin expanded by 370 basis points to 17.1 percent compared to year-ago period. JSW Steel said it expects FY17 crude steel production at 15.75 million tonnes against 12.56 million tonnes in FY16, adding sales volume in Q4 increased 7 percent to 3.28 million tonnes YoY. In FY16, the steel company posted a loss of Rs 741.95 crore against profit of Rs 1,796.57 crore in previous year. Revenue in same period fell 20.9 percent to Rs 41,878.88 crore compared to earlier year. JSW Steel shares advanced 1.45 percent to close at Rs 1,310.35 on Bombay Stock Exchange.

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

or call at-  07314759600

सेबी ने एलएंडटी इनफोटेक के आईपीओ पर सफाई मांगी

मार्केट की अधिक जानकारी और निवेश के लिए यहाँ क्लिक करे -www.marketmagnify.com/services.php
या कॉल करे- 073147549600


मार्केट रेगुलेटर सेबी ने एलएंडटी इनफोटेक के आईपीओ पर सफाई मांगी है। सेबी ने साफ कर दिया है कि बिना सेबी को डिटेल जानकारी मुहैया कराए कंपनी आईपीओ के प्लान| सेबी ने साफ कर दिया है कि बिना सेबी को डिटेल जानकारी मुहैया कराए कंपनी आईपीओ के प्लान पर आगे नही बढ़ सकती है।

ड्राफ्ट ऑफर डाक्यूमेंट की होगी जांच कंपनी ने ड्राफ्ट ऑफर डाक्यूमेंट सेबी के पास 13 मई को जमा कराए थे। जिसे सेबी अपने वेबसाइट पर 22 मई को अपलोड कर देगी।सेबी ने कंपनी के ड्रॉफ्ट डाक्यूमेंट पर कहा कि सेबी 30 दिनों के भीतर कंपनी के आईपीओ से जुड़ी सारी जानकारियों को जांच कर लेगी। उसके बाद ही किसी निष्कर्ष पर पहुंचा जा सकेगा।

Online Share Trading Market Tips

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 Nifty50 failed to build on the momentum it had begun the day with and closed below its crucial psychological level of 7,900 on Tuesday, making a 'Gravestone Doji' pattern on the daily candlestick charts. The Nifty50 opened at 7,896.85 and closed at 7,890.75 on Tuesday. It rose to an intraday high of 7,940.10, which resulted in the formation of a long upper shadow, and slipped to 7,879.70 which made a small lower shadow on the charts. 

Indian shares posted their second straight session of gains on Tuesday, after exit polls showed a likely first-time victory for Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in the key northeastern state of Assam, raising hopes about its reform agenda.

Sun TV surges 11% on exit polls; DMK win may aid ad revenue

Shares of Sun TV Network   surged 11 percent intraday on Tuesday as most exit polls have predicted that the DMK-Congress alliance may win the state elections in Tamil Nadu. Chennai-based Sun TV owned by Kalanithi Maran (grandnephew of DMK President M Karunanidhi) is seen gaining high revenue growth when DMK is in power. 

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

or call at-  07314759600

News on Mcx,Commodity,Stock Market Trading Sessions

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at www.marketmagnify.com/services.php or call at 4759600.

Equity benchmarks maintained early gains with the Sensex rising over 150 points, led by oil, auto, infra, technology and select FMCG stocks. The broader markets also gained, rising 0.4 percent. The 30-share BSE Sensex climbed 154.47 points to 25807.70 and the 50-share NSE Nifty advanced 46.45 points to 7907.20. The market breadth remained positive as about two shares advanced for every share declining on Bombay Stock Exchange.

Sun TV shares jumped as much as 9.5 per cent on Tuesday after exit poll results predicted a victory for opposition DMK in Tamil Nadu. Chennai-based Sun TV is owned by Kalanithi Maran, the grandnephew of DMK President M Karunanidhi.

HSBC upgrades India rating as hype gone; lists 8 stocks it likes

Brokerage house HSBC India has upgraded its rating on the Indian market to ‘neutral’ from ‘underweight’, saying valuation premium to Asia has declined and is now approaching a 10-year average premium. “The hype is almost gone,” says the HSBC note, adding, “High-frequency indicators suggests the earnings environment might improve, although earnings expectations remain too optimistic.”

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

or call at-  07314759600

Bank of Baroda skids 8% as balance sheet clean-up continues

After posting a weak March quarter, Bank of Baroda   is butchered at Dalal Street by heavy selling. Though few analyts are bullish on the stock, investors are pertubed dragging the stock 8 percent intraday on Monday. Bank of Baroda has reported a net loss of Rs 3230 crore in January-March quarter from Rs 598.3 crore in corresponding quarter last fiscal. During the quarter, its net interest income (NII) rose 5 percent at Rs 3330.4 crore against Rs 3171.7 crore year-on-year. However, the lender had a marginal rise in its gross non-performing asset (NPA), but paid a higher provision in Q4. Its provision in Q4FY16 increased to Rs 6858 crore compared to Rs 6164.5 crore on sequential basis and Rs 1817.5 crore YoY. After December quarter, analysts were bullish on the stock even though it had incurred huge losses and asset quality worsened in Q3. A day after Q3 results were announced, the stock had gained 24 percent intraday under the new management's 'clean-up act'.

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

or call at-  07314759600

Indian Stock Market Trading Tips and Recommendation

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 market has erased early gains. The Sensex is down 57.82 points or 0.2 percent at 25431.75, and the Nifty is down 13.60 points or 0.2 percent at 7801.30. About 780 shares have advanced, 529 shares declined, and 78 shares are unchanged. Dr Reddy's Labs, Tata Motors, Asian Paints, BHEL and Coal India are top gainers while SBI, Bharti Airtel, HUL, ICICI Bank and GAIL are losers in the Sensex.

Bank of Baroda led the selling in PSU lenders today, sinking over 7 per cent after posting a Q4 loss of Rs 3,230 crore on Friday. India's second largest state-run lender (by assets) had reported a net profit of Rs 598 crore a year earlier.

Indian Shares Trading Market News and Recommendation

 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 pared all gains after rising over 100 points in Monday morning trade led by losses in SBI, ICICI Bank, HDFC, HUL, and Bharti Airtel.The Nifty50 was trading weak, slipping below its crucial support level of 7800 weighed down by losses in banking, IT, realty, and auto stocks . 

Indian shares fell more than 1 percent on Friday after stronger-than-expected consumer inflation data raised the prospect the Reserve Bank of India would keep interest rates on hold, sending lenders such as State Bank of India sharply lower.The broader NSE Nifty closed 1.08 percent lower at 7,814.90, while the benchmark BSE Sensex ended down 1.17 percent at 25,489.57.

Analysis on Indian Stock Market Trading Tips

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 market is still dragging with weakness in banks, capital goods, IT and metals. The Sensex is down 232.77 points or 0.9 percent at 25557.45, and the Nifty down 67.50 points or 0.8 percent at 7832.90. About 670 shares have advanced, 994 shares declined, and 96 shares are unchanged. Adani Ports, Tata Motors and Asian Paints are top gainers while Dr Reddy's Labs, Bharti Airtel, HUL, ICICI Bank and Tata Steel are losers in the Sensex.

Selling momentum has picked up in banking and metal stocks, leading to sharp decline in Sensex and Nifty. The Sensex fell as much as 275 points, while the Nifty is trading below 7,850. Nifty Bank is down nearly 1 per cent, led by selling in ICICI Bank shares, which are trading 2 per cent lower. SBI is down over 1 per cent. Index-heavyweight Infosys is also trading 1 per cent lower.

Analysis on Indian Share Market Trading Tips

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

The S&P BSE Sensex plunged over 250 points in morning trade on Friday after retail inflation spiked in April while industrial growth stagnated, which dented any chance of a rate cut by the Reserve Bank of India in the June review.The fall in the index was led by losses in ITC, ICICI Bank, Infosys, HDFC Bank, HUL, and Bharti Airtel. 

Indian shares closed higher on Thursday, led by lenders such as ICICI Bank, after the country's upper house of parliament passed a new bankruptcy code to address corporate debts and improve the ease of doing business.

Latest News on Indian Stock Market Tips

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

The Sensex is down 101.29 points or 0.4 percent at 25671.24, and the Nifty down 27.85 points or 0.3 percent at 7859.95. About 665 shares have advanced, 916 shares declined, and 99 shares are unchanged. Hindalco, NTPC, Axis Bank, Tata Steel and Maruti are top gainers in the Sensex. Among losers are Bharti Airtel, Tata Motors, Adani Ports, Dr Reddy's Labs and Coal India.

Mid-cap and small-cap indices were outperforming the benchmark indices. The BSE Mid-cap index was up 0.02 per cent and the Small-cap index was down 0.06 per cent compared to 0.5 per cent fall in the Sensex. Zee Entertainment was the top gainer from the mid-cap space, up 5 per cent to Rs 437. MRPL, OFSS, Oberoi Realty, Cummins India, Biocon, Sun TV and Cadial Healthcare were also among the gainers, up 0.7-4 per cent each.

Midcap performance dependent on economic recovery: SBI MF

Sohini Andani, fund manager at SBI Mutual Fund, said over the last year or so, the non-banking finance companies (NBFCs) segment has done well despite a not-so robust loan growth. She expects the stocks in the segment to behave in line with earnings growth in the sector. She asserted that some pockets in the NBFC segment like CVs, where growth has picked up, have shown promise. "Interest rates coming down have contributed to positive expectations," she said. The fund manager, who looks after SBI Bluechip Fund, believes that companies like Titan are getting hit by technology. However, she says Titan stock is "poised for a rebound" on rising discretionary income of consumers. Andani, who also manages SBI Magnum Midcap Fund, said performance of midcap stocks would depend on how strong economic recovery is. 

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

or call at-  07314759600

NTPC starts commercial operation at Anantapuram solar power project

With reference to the earlier letter dated May 03, 2016, NTPC Ltd has now informed BSE that consequent upon testing and commissioning, 200 MW capacity (4X50 MW) of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuram is declared on commercial operation w.e.f. 00:00 Hrs of May 09, 2016.Source : BSE

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

or call at-  07314759600

Live Indian Share Market Trending News

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 started on a cautious note on Tuesday weighed down by losses in Tata Motors, ICICI Bank, ITC, Bharti Airtel, and HDFC Bank.The Nifty50 came under pressure but was still trading above its crucial psychological support level of 7850. The fall in the index was led by losses in power, realty, oil & gas, metal, and consumer durable stocks. 

Indian shares rose nearly 2 percent on Monday, posting their biggest single-day percentage gain in nearly four weeks, as a recent string of positive corporate results raised tentative hopes about an improving domestic economy.Sentiment was also boosted after a weaker-than-expected U.S. jobs report on Friday left some economists anticipating only one interest rate hike from the Federal Reserve this year.

Indian Share Market Technical Analysis Free

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 rallied over 300 points in Monday morning trade on Monday led by gains in ITC, HDFC, HDFC Bank, Infosys, L&T, and RIL.The Nifty50 surged above its crucial level of 7,800 supported by gains in realty, power, metal, capital goods, banks, and auto stocks. 

Maker of watches and jewellery Titan Company Ltd falls as much as 3 pct.Company posted a 14.4 pct fall in March-quarter net profit.Company says weak market conditions and new regulatory restrictions for the jewellery business impacts profit.Jewellers were on strike for most of March after govt announced an excise duty in the 2016-17 budget.Elara Capital says results a "disappointment on all counts", believes Titan's watches segment will find it tougher to grow, with heavy online discounts to impact sales.Broker cuts rating to "sell" from "reduce", PT reduced to 289 rupees from 331 rupees .

RBI's draft guidelines for on-tap bank licences may upset big business houses

Mumbai - The Reserve Bank of India (RBI) has issued proposals for the relaxation of requirements for banking licences in the latest effort to boost a sector struggling with $100 billion of stressed debt that is choking the financial system and hitting economic growth.

With only about half of India's population having access to financial services, particularly in rural areas, the RBI is keen to extend the sector's reach and the new proposals aim to encourage investment in new lenders.

Reuters

The draft guidelines announced on Thursday include a move to allow large industrial companies to buy up to 10 percent stakes in new lenders. The proposal may upset the plans of several business houses who had lost out in the last round of distribution of universal bank licences and were eagerly waiting for on-tap regime to set up their own banks.

The central bank also proposed a lowering of the minimum ownership level for companies or people setting up lenders under a financial holding structure to 51 percent from 100 percent.

The RBI emphasised, however, that it would remain cautious when granting licences.

"Banking being a highly leveraged business, licences shall be issued on a very selective basis to those who conform to the above requirements, who have an impeccable track record and who are likely to conform to the best international and domestic standards of customer service and efficiency," the RBI said.

In a departure from the earlier norms on universal banks, the draft guidelines have made resident individuals and professionals having 10 years of experience in banking and finance as eligible for promoting universal banks.

"The initial minimum paid-up voting equity capital for a new bank shall be Rs 500 crore and thereafter, the bank shall have a minimum net worth of Rs 500 crore at all times," the central bank said.

While assuming charge on 4 September, 2013, Governor Raghuram Rajan had said one of his key reform measures would to put bank licensing on-tap. He fulfilled a part of it in April 2014 by issuing in-principal approvals to two-infra lender IDFC and microfinancier Bandhan, out of 25 applicants.

Both of them are operational since last year. These banks came in after a gap of over a decade.

Rajan took the second step by announcing in-principle nod to 10 payments banks and 11 small finance banks last year.

At the last monetary policy in April, Rajan had said he would look at more differentiated banks like custodian banks and wholesale banks.

The RBI said interested parties will have to float a non-operative financial holding company (NOFHC), which has now been made non-mandatory in case of promoters being individuals or standalone promoting/ converting entities who/ which do not have other group entities.

The NOFHC is now required to be owned by the promoter or promoter group to the extent of at least 51 percent of the total paid-up equity capital of the NOFHC, instead being wholly-owned by the promoter group, which was a necessity in the previous guidelines.

Existing non-banking financial companies (NBFCs) that are 'controlled by residents' and have a successful track record for at least 10 years will be eligible for the licence.

"Entities or groups in the private sector that are 'owned and controlled by residents' and have a successful track record for at least 10 years, provided that if such entity or group has total assets of Rs 5,000 crore or more, the non-financial business of the group does not account for 40 per cent or more in terms of total assets or in terms of gross income," the guidelines said.

The foreign shareholding will be as per the existing foreign direct investment (FDI) policy, which is currently at 74 percent.

The RBI has invited suggestions and comments on the draft guidelines by June 30.

"The final guidelines will be issued and the process of inviting applications for setting up of new universal banks in the private sector will be initiated after receiving feedback, comments and suggestions on draft guidelines," the central bank said.

The applications will be referred to a standing external advisory committee to be set up by the Reserve Bank.

The committee will submit its recommendations to the apex bank for consideration and the decision to issue an in-principle approval for setting up of a bank will be taken by the RBI. Those winning applicants will have 18 months to operationalise the new banks.

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

or call at-  07314759600