Indian Stock Market Analysis Today

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

Domestic equities inched higher in Tuesday's trading session on mixed Asian cues, ahead of the release of February industrial production and March consumer price index (CPI) data later in the day.The S&P BSE Sensex was trading higher by nearly 100 points above the crucial support level of 25,000. The 50-share Nifty50 inched up and was testing its crucial psychological support level of 7,650. 

 Kitchenware and appliances maker TTK Prestige soars as much as 10.3 pct to a 3-week high.Buys Horwood Homewares Ltd, a table and cookware suppliers, in UK for an undisclosed amount.Deal to help TTK expand global operations and give access to European markets, company says in statement.

RBI declines to share details of banks inspection report

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

The RBI has declined to share details of banks inspection reports citing a section of the transparency law that exempts public authority from disclosing information that may prejudicially affect sovereignty, security or economic interests of the country. Replying to an RTI query, the central bank also said furnishing the requested information will disproportionately divert the resources of the public authority. The Reserve Bank of India (RBI) was asked to provide copies of all the annual financial inspection reports, concurrent audit or inspection reports carried out between 2007 and 2015 on foreign currency derivative contracts sold by the 19 banks that were earlier penalised by it.

Aadhaar, net banking-based IT e-filing appeal system activated

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Income Tax department has activated the Aadhaar and net banking-based e-filing verification system for taxpayers to file the first appeal before a tax officer, on similar lines of online ITR filing. In order to reduce the interface between taxman and the taxpayer, the department has recently operationalised the maiden facility on its official e-filing portal. "One EVC can be used to validate one form of the assesse irrespective of the assessment year. The EVC will be stored against the assesse PAN along with other verification details. The EVC will be valid for 72 hours or as otherwise specified," a notification in this regard said.

DLF up 3% as promoters kick off divestment in rental arm

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

Shares of realty major DLF   today climbed over 3 per cent after the company initiated the process to sell promoters' 40 per cent stake in the rental arm, a deal estimated at Rs 12,000-14,000 crore. Shares of the firm were trading at Rs 122.40 on BSE, up by 3.33 per cent over the previous close. On NSE, the stock surged 3.42 per cent to trade at Rs 122.45. DLF had in October announced that its promoters will sell their stake in the DLF Cyber City Developers Ltd (DCCDL),which holds the bulk of office and retail complexes. The realty firm would continue to own remaining 60 per cent stake in DCCDL.

RBI to launch Unified Payment Interface on April 11

For news visit us at 

www.marketmagnify.com/services.php

 or call at 07314759300 

The Reserve Bank of India (RBI) April 11 will launch Unified Payment Interface (UPI), which will make money transfer as simple as sending a text message. In the first phase, which will start next week, 29 banks will operate the platform. It will be inter-operable across different banks and will allow instant payments. This UPI method could change the micro-payment landscape in the country.   According to a report, 95 percent of consumer transactions in volume terms and 65 percent in value terms are in cash. This is much higher than the 40-50 percent transaction in volumes and 10-20% in value terms for advanced economies. Therefore, the government and the Reserve Bank of India have been working on ways to reduce cash in the economy. Considering the number of smart phones in the country is estimated to go up from 150-200 million to 500 million, mobile money transfer is expected to get a boost. 

Indian MCX Commodity Trading Tips and Suggestions

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 started off week on a flat-to-positive note. The Sensex rose 41.81 points to 24715.65 and the Nifty advanced 13.35 points to 7568.55. Bharti Airtel topped buying list on Sensex, up 3.11 percent after acquisition of 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore.

Reliance Infrastructure was the top gainer from the mid-cap space; the stock advanced 2.13 per cent to Rs 552. Titan, JSW Energy, Pidilite Industries, Reliance Capital, Adani Power, Page Industries, Bajaj Holdings, Divis Labs and Emami were also among the gainers.

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.