Vedanta surges as its mined zinc production in India rises 4% in Q3FY21
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Vedanta is currently trading at Rs. 172.65, up by 3.60 points or 2.13% from its previous closing of Rs. 169.05 on the BSE.

The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 173.00 and Rs. 168.60 respectively. So far 189174 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 189.70 on 08-Jan-2021 and a 52 week low of Rs. 60.30 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 178.90 and Rs. 167.25 respectively. The current market cap of the company is Rs. 62839.17 crore.

The promoters holding in the company stood at 55.11 % while Institutions and Non-Institutions held 29.26 % and 11.41 % respectively.

Vedanta’s mined zinc production in India rose 4 per cent to 2,44,000 tonnes in the third quarter of the ongoing fiscal on account of higher ore production partially offset by slightly lower overall metal grades. The integrated metal production was 2,35,000 tonnes for Q3 FY21, up 7 per cent as compared to Q3 FY20.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
 

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Bharti Airtel inches up after its arm adds third layer authentication for net banking
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Bharti Airtel is currently trading at Rs. 596.55, up by 0.35 points or 0.06% from its previous closing of Rs. 596.20 on the BSE.

The scrip opened at Rs. 600.00 and has touched a high and low of Rs. 604.10 and Rs. 592.25 respectively. So far 309998 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 611.70 on 20-May-2020 and a 52 week low of Rs. 381.05 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 610.00 and Rs. 584.10 respectively. The current market cap of the company is Rs. 325396.72 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 39.29% and 4.48% respectively.

Bharti Airtel’s subsidiary -- Airtel Payments Bank has added third layer of authentication, Airtel Safe Pay, based on network intelligence to prevent online banking frauds for its customers. At present, banking companies use double factor authentication, which includes online banking password and a one-time password that is sent through SMS on registered mobile number. Airtel Safe Pay is completely free of charge and can be activated through Airtel Thanks app home screen or from the banking section.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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Larsen & Toubro Infotech gains on reporting 37% rise in Q3 consolidated net profit
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Larsen & Toubro Infotech is currently trading at Rs. 4150.05, up by 56.95 points or 1.39% from its previous closing of Rs. 4093.10 on the BSE.

The scrip opened at Rs. 4110.00 and has touched a high and low of Rs. 4239.00 and Rs. 4110.00 respectively. So far 11725 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4499.90 on 15-Jan-2021 and a 52 week low of Rs. 1207.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 4499.90 and Rs. 3814.80 respectively. The current market cap of the company is Rs. 72795.16 crore.

The promoters holding in the company stood at 74.31 % while Institutions and Non-Institutions held 17.88 % and 7.81 % respectively.

Larsen & Toubro Infotech has reported a rise of 34.84% in its net profit at Rs 494.20 crore for the quarter ended December 31, 2020  as compared to Rs 366.50 crore for the same quarter in the previous year. Total income of the company increased by 12.54% at Rs 3,038.70 crore for Q3FY21 as compared Rs 2,700.10 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 37.48% in its net profit attributed to shareholders at Rs 518.70 crore for the quarter ended December 31, 2020 as compared to Rs 377.30 crore for the same quarter in the previous year. Total income of the company increased by 12.05% at Rs 3,221.70 crore for Q3FY21 as compared Rs 2,875.30 crore for the corresponding quarter previous year.

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HDFC Bank surges on reporting 14% rise in Q3 consolidated net profit
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HDFC Bank is currently trading at Rs. 1496.25, up by 29.90 points or 2.04 % from its previous closing of Rs. 1466.35 on the BSE.

The scrip opened at Rs. 1472.80 and has touched a high and low of Rs. 1500.00 and Rs. 1467.95 respectively. So far 226385 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1494.00 on 13-Jan-2021 and a 52 week low of Rs. 738.90 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1494.00 and Rs. 1436.00 respectively. The current market cap of the company is Rs. 824083.17 crore.

The promoters holding in the company stood at 26.00%, while Institutions and Non-Institutions held 61.06% and 12.95% respectively.

HDFC Bank has reported results for third quarter ended December 31, 2020. The bank has reported 18.09% rise in its net profit of Rs 8,758.29 crore for the quarter under review as against net profit of Rs 7,416.48 crore for the same quarter in the previous year. Total income of the bank increased 4.12% at Rs 37,522.92 crore for Q3FY21 as compared Rs 36,039 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 14.36% rise in its net profit of Rs 8,760.19 crore for the quarter under review as against net profit of Rs 7,659.96 crore for the same quarter in the previous year. Total income of the bank increased by 3.95% at Rs 39,838.73 crore for Q3FY21 as compared Rs 38,325.70 crore for the corresponding quarter previous year.

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Bajaj Finance trades higher on raising Rs 222 crore through NCDs
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Bajaj Finance is currently trading at Rs. 4905.05, up by 28.75 points or 0.59% from its previous closing of Rs. 4876.30 on the BSE.

The scrip opened at Rs. 4879.90 and has touched a high and low of Rs. 5075.00 and Rs. 4856.15 respectively. So far 32371 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5372.75 on 31-Dec-2020 and a 52 week low of Rs. 1783.10 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 5124.00 and Rs. 4830.00 respectively. The current market cap of the company is Rs. 293556.45 crore.

The promoters holding in the company stood at 56.12%, while Institutions and Non-Institutions held 32.01% and 11.55% respectively.

Bajaj Finance has raised Rs 222 crore through Secured redeemable non-convertibles debentures (NCDs) and allotted 2220 NCDs having face value of Rs 10 each on Private Placement basis. Debenture Allotment Committee of the Company at its meeting held on January 14, 2021 has approved and allotted the same.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.

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Bharti Airtel rings loudly on initiating process to revise foreign investment limit to 100%
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Bharti Airtel is currently trading at Rs. 588.00, up by 22.25 points or 3.93% from its previous closing of Rs. 565.75 on the BSE.

The scrip opened at Rs. 588.00 and has touched a high and low of Rs. 600.00 and Rs. 586.25 respectively. So far 573570 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 611.70 on 20-May-2020 and a 52 week low of Rs. 381.05 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 569.45 and Rs. 513.75 respectively. The current market cap of the company is Rs. 308648.16 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 39.29% and 4.48% respectively.

Bharti Airtel is initiating the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect. In compliance of the foreign direct investment (FDI) approval dated January 20, 2020 granted to the Company by the Department of Telecommunications, the Company has received approvals for its relevant downstream investments.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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TCS gains on reporting 7% rise in Q3 consolidated net profit
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Tata Consultancy Services is currently trading at Rs. 3164.20, up by 43.85 points or 1.41% from its previous closing of Rs. 3120.35 on the BSE.

The scrip opened at Rs. 3215.00 and has touched a high and low of Rs. 3224.00 and Rs. 3147.45 respectively. So far 129726 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3,224.00 on 11-Jan-2021 and a 52 week low of Rs. 1504.40 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 3224.00 and Rs. 2942.00 respectively. The current market cap of the company is Rs. 1185622.23 crore.

The promoters holding in the company stood at 72.05 % while Institutions and Non-Institutions held 23.85 % and 4.03 % respectively.

Tata Consultancy Services (TCS) has reported 20.29% rise in its net profit of Rs 9,242 crore quarter ended December 31, 2020 as compared to net profit of Rs 7,683 crore for the same quarter in the previous year. Total income of the company marginally increased by 8.20% at Rs 37,053 crore for Q3FY21 as compared Rs 34,246 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 7.18% rise in its net profit attributable to shareholders of Rs 8,701 crore quarter ended December 31, 2020 as against net profit of Rs 8,118 crore for the same quarter in the previous year. Total income of the company increased by 5% at Rs 42,706 crore for Q3FY21 as compared Rs 40,672 crore for the corresponding quarter previous year.

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Sensex breaks 11-year record:Index closes for 10th week in a row; investors buy IT and auto stocks
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Record of the last 11 years in the stock market was broken. It was the 10th consecutive week when the Sensex closed up. Earlier in June 2009, such a long weekly gain was recorded. However, the market had closed for two consecutive days before today in the week. On Friday, investors in IT and auto stocks bought fiercely. This led to the Sensex touching a record level of 48,854.34 during trading. It finally closed at 48,782.51, up 689.19.

54% shares gain on BSE

Maruti and Tech Mahindra were leading in the Sensex rally. Their shares gained more than 5-5%. A total of 3,267 companies traded on the Bombay Stock Exchange (BSE), out of which 1,763 stocks rose. That is, 54% shares gained on the exchange. In this, shares of 481 companies closed at one-year highs. In addition, 500 shares were held in the upper circuit. The total market cap of BSE has also increased to Rs 195.63 lakh crore due to all-round rise.

Record rise in Nifty

Similarly, the Nifty has also closed at 14,347.25, up 209.90 points. The index touched 14,367.30 in intraday, its all-time high. The Auto, IT and Media index closed up 3-3% on the National Stock Exchange (NSE). In this, the auto index reached the highest level after September 2018. Apart from this, the IT index has also closed at a record level. It has risen 7% in a week. However, Hero Metal sector of the week was up 8% during this period.

The Sensex had closed 465.02 points below the day's high at 48,093.32 yesterday. The Nifty index also closed down 8.90 points at 14,137.35.

Big reason for market boom

Major stock markets around the world were up, including markets in the US, Europe and Asia.
Foreign investors (FII) continue to invest heavily in the market. As of 7 January, FII bought a total of Rs 4,017 crore in the month.
Major stocks in the domestic stock market were up. This supported the market boom.
Boom in global markets

Today, Asian markets also gained momentum due to record gains in US markets. South Korea's Copsy index closed up 3.97% and Hong Kong's Hangseng closed up 1.21%. Japan's Nikkei index also closed up 2.29%. On the other hand, the Shanghai Composite Index of China has closed with a slight decline. At the same time, the US markets Nasdaq index closed up 2.56% and the S&P 500 index 1.48% on Thursday. Apart from this, there was also an increase in the stock markets of Europe.

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Tata Power rises on acquiring 51% equity stake each in TPSODL, TPWODL
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Tata Power Company is currently trading at Rs. 83.65, up by 1.80 points or 2.20% from its previous closing of Rs. 81.85 on the BSE.

The scrip opened at Rs. 84.50 and has touched a high and low of Rs. 84.60 and Rs. 83.10 respectively. So far 547311 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 84.60 on 08-Jan-2021 and a 52 week low of Rs. 27.00 on 12-May-2020.

Last one week high and low of the scrip stood at Rs. 84.60 and Rs. 77.60 respectively. The current market cap of the company is Rs. 26153.85 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 37.53% and 15.61% respectively.

Tata Power has acquired 51% equity stake each in TP Southern Odisha Distribution (TPSODL) and TP Western Odisha Distribution (TPWODL) for a consideration of Rs 127.50 crore and Rs 255 crore, respectively. GRIDCO (GRIDCO) will hold balance 49% equity stake each on TPSODL and TPWODL.

With this takeover, the company’s distribution circles will expand to the western (TPWODL) and southern part (TPSODL) of Odisha with geographical spread of more than 47,000 sq km each. It will manage a network of more than 100,000 CKT. KMs. each for a license period of 25 years.

With the inclusion of two additional distribution utilities, Tata Power expands its consumer base to 9.5 million from the present base of 5.2 million across Mumbai, New Delhi, Central part of Odisha and Ajmer.

Tata Power is India’s largest integrated power company.

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Boom:Gold prices rose by Rs 871 to Rs 51,115 per 10 grams; Silver up by Rs 2114 to Rs 70,237 per kg
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  • Gold was trading 2.29% higher at $ 1,938.50 an ounce in New York.
  • Silver was trading 4.10% higher at $ 27.50 an ounce in New York.

On Wednesday, speculators strengthened their hold on the demand for gold in the futures market, due to which gold prices rose by Rs 871 to Rs 51,115 per 10 grams. On the other hand, silver also rose by Rs 2,114 to Rs 70,237 per kg due to strong demand in futures trade.

Gold prices surged
by Rs 871, or 1.73 per cent, to Rs 51,115 per 10 grams in the Multi Commodity Exchange in February, with a turnover of 10,514 lots. Gold was trading 2.29% higher at $ 1,938.50 an ounce in New York.

Silver
Price Increase Silver for March delivery on Multi Commodity Exchange rose by Rs 2,114, or 3.1 per cent, to Rs 70,237 per kg, with a turnover of 15,489 lots. Silver was trading 4.10% higher at $ 27.50 an ounce in New York.

On Friday,
the price of gold delivered in February rose by Rs 46, or 0.09 per cent, to Rs 50,197 per 10 grams, with a turnover of 10,070 lots on the Multi Commodity Exchange. At the same time, silver for the March delivery rose by Rs 92 or 0.14 per cent to Rs 68,197 per kg at the Multi Commodity Exchange, with a turnover of 14,044 lots.

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Markets at new high, Sensex hits 48,000 for first time ever
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The markets were propelled by positive macro indicators and vaccine progress in India

The markets touched new highs in early trade on Monday, propelled by positive macro indicators and vaccine progress in India. The Sensex hit 48,000-mark for first time ever. At 9.48 am, the BSE Sensex was at 48,093.77, up 224.79 points or 0.47%. The Nifty was at 14,096.20, up 77.70 points or 0.55%.

"Positive economic data such as all-time record goods and services tax (GST) collections and impressive auto numbers, particularly in crucial segments such as heavy commercial vehicles (HCVs) and medium commercial vehicles (MCVs) in December augur well for the markets. Low-interest rate regime in the developed world and the declining dollar are positives for capital inflows into emerging markets such as India. The risk is something triggering capital outflows which can cause a sharp correction in markets," said V.K. Vijayakumar, chief investment strategist, Geojit Financial Services.

Record gross goods and services taxes (GST) collections in December, suggest continued recovery in economic activity and the gradual return to normalcy. Gross GST collections touched Rs1.15 trillion last month, the highest-ever since the implementation of the new tax regime, according to the Union finance ministry.

In December, passenger and commercial vehicles wholesales were above estimates, whereas two-wheeler and tractor wholesales were in line.

“With pent-up demand largely fulfilled, it would be critical for demand to sustain in 4QFY21 and beyond, considering the expected price hikes as well as opening up of public transport in many parts of the globe. Current valuations suggest recovery is likely to sustain, leaving limited safety margin for any negative surprises," said Motilal Oswal Financial Services Ltd.

Shares in other Asia Pacific region were mostly higher on Monday. Markets in Japan were weak on concerns that the government was considering a state of emergency for capital Tokyo and three surrounding prefectures to contain spread of covid-19.

Meanwhile, minutes of the Federal Reserve's December meeting due on Wednesday is likely to offer more detail on discussions about making their forward policy guidance more explicit and the chance of a further increase in asset buying this year.

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Ideal Evening - Nifty touched 14 thousand level for the first time, but the overall market remained sluggish
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The market closed flat on the last trading day of the year. However, the Nifty index touched 14,024 for the first time in intraday. Earlier on November 24, the index crossed the 13,055 level. Finally, the Nifty has closed at 13,981, up 83% from its March low. Explain that the Nifty slipped 13% to close at 7,610 on March 23.

HDFC shares in the Nifty have closed at Rs 2,549.95, up 1.27%. Apart from this, Sun Pharma and Divis Lab shares also gained 1-1%, while Shree Cement shares closed down 2.44% at a price of Rs 24,000. Similarly, shares of TCS Ultratech Cement also closed down 1-1%.

Sensex also at record high

On the other hand, the BSE Sensex has also closed with a slight gain of 5.11 points at 47,751.33. The index also touched a high of 47,896.97 in intraday. This is the all-time high level of the index. Shares of SBI, TCS, HCL Tech, Reliance and Bajaj Finserv closed down in the index. The total market cap of the companies listed in the BSE has reached a level of Rs 187.99 lakh crore.

Shares of 3,170 companies traded on the exchange, of which 1,768 shares closed up and 1,240 closed down. Shares of 299 companies touched a one-year high. Apart from this, there was an upper circuit in the shares of 489 companies.

Market specials

The market gave positive returns for the 5th consecutive year
After the year 2017, the market gave the best returns
Nifty returns 15% to investors in 2020
SENSEX gives 16% return to investors in 2020
FII Investors Total 1.68 Lakh Crore

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Ideal Stock Market LIVE: Shopping returned after midday, Sensex crosses 47700 level, sugar stocks rise
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The stock market opened up for the 6th consecutive day on Wednesday. However, in the opening minutes it came down from yesterday's closing level, which is still trading with an edge. The Sensex is trading at 47,708.91, up 95.83 points. However, the index touched a day high of 47,807.85 during trading. The index gains are led by the shares of Bajaj, HDFC, HCL Tech and Reliance. The index opened up 175.95 points at 47,789.03 in the morning. The total market cap of the companies listed in the BSE has reached Rs 187.54 lakh crore.

Similarly, the Nifty is trading at 13,953.65 with a gain of 21.05 points. However, the index touched 13,982.90 in early trade. UPL shares in the Nifty index are trading up 2.94% at Rs 468.05. Apart from this, shares of Bajaj Finance and Eicher Motor are also trading up by 2-2%. At the same time, shares of IndusInd Bank and GAIL are trading down by 1-1%. In addition, Sun Pharma and IOC shares are also trading down by 1-1%.

Boom in sugar stocks

According to media reports, the Union Cabinet has approved the proposal to increase the subsidy for ethanol production. This has led to a spurt in sugar stocks. In the BSE, Dhampur Sugar Mills shares are trading up 1.27%, Uttam Sugar shares 2%, Avadh Sugar shares 1.47% and KCP Sugar shares up 1.12%.

Shopping in asian markets too

Today, Hong Kong's Hangseng Index in Asian markets is trading at 27,165, up 597 points (2.25%). In addition, the Shanghai Composite Index of China has also closed up 35 points at 3,414. At the same time, Japan's Nikkei index closed down 100 points (0.36%) at 27,468.

Market condition on Tuesday

The Sensex gained 259.33 points to close at 47,613.08 yesterday. This was the highest level of index in terms of closing. Earlier on Monday, the Sensex had closed at the level of 47,353.75. On Tuesday, the Sensex rally was led by shares of State Bank, HDFC, Bajaj and TCS. On the other hand, the Nifty index also closed at 13,932.60, up 59.40 points. Nifty's top gainer IndusInd Bank shares closed at Rs 916.50, up 5.72%. Apart from this, shares of Axis Bank and Tech Mahindra also closed with gains of over 2-2%.

European markets became fiercely purchased

Yesterday, there was a strong buying in the European markets, especially in the UK. The FTSE index was up 100 points (1.55%) to end at 6,602. In addition, France's CAC index was up 23 points (0.42%) at 5,611. Germany's DAX index, on the other hand, was down by 28 points (0.21%) to close at 13,761.

US markets fall

On Tuesday, selling was seen in US markets. The Dow Jones Index was down 68 points at 30,335, down 0.22%. Similarly, the S&P 500 index was down 8 points at 3,727. In addition, the Nasdaq index also lost 49 points to close at 12,850.

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Last day of bid:American fund interps will give physical bid for Air India today
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  • 219 employees of Tata Sons and Air India also consortium in bidders
  • Interps has offered 51% stake to the company's employees

American fund InterApps will give physical bids for Air India today, its founder Laxmi Prasad has said. December 29 is the last date for giving physical bids for the purchase of a government airline company. The three bidders giving expression of interest to the company include one inter-application.

Bidar is also a consortium of 219 employees of Air India

Air India's bidders also include a consortium of 219 employees led by Tata Sons and Air India commercial director Meenakshi Malik. Malik has said that the employee's consortium has already given physical bids for the purchase of the company.

Airline bidders will be shortlisted on 5 January

The government will shortlist the bidders on 5 January after receiving all the bids for the airline. In the next round, bidders will be allowed to do due diligence, allowing them to access more data and information of the company.

Inter-offer of giving majority stake to employees

InterApps has offered to form a consortium with the employees of Air India and give them majority 51% stake. The Malik-led Employees Consortium also has a financial investor whose identity has not yet been revealed. Air India pilots and crew members have kept distance from the bid. They want to pay their outstanding salaries first.

Permission to bid on the enterprise value of Air India

The government has changed its several clauses to attract more buyers in the second attempt to sell Air India. It has said, "Bidders interested in purchasing Air India have been asked to bid on its enterprise value." The winner of the bid will have to pay only 15% of the enterprise value in cash and the loan can be taken for the rest.

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Ideal News Today- TCS Record Market Cap:11 lakh crore mark for the first time, share reached Rs 2,932
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  • Tata Consultancy Services shares reached one-year high this morning
  • The company with the highest market cap is RIL. It is a company of 12.72 lakh crores

Tata Consultancy Services (TCS) has become the second company with market capitalization of Rs 11 lakh crore. However this is the first time it has crossed this level. Its stock reached a one-year high this morning. Its stock touched Rs 2,931 on BSE. This increased its market cap to Rs 11 lakh crore. However, the stock later peaked at Rs 2932.

Reliance first number on

Explain that the company with the highest market cap in the country is Reliance Industries Limited (RIL). Its market cap is Rs 12.72 lakh crore. It is followed by TCS. Talking about the recent 3 months, the market cap difference between RIL and TCS has come down from Rs 6 lakh crore to Rs 1.72 lakh crore now. Tata Consultancy shares are continuously touching new highs while RIL shares are consistently underperforming.

A year ago both were on par

However, till a year ago there was not much difference between TCS and Reliance. But the sale of stake in Jio Telecom in Corona saw a sharp rise in Reliance shares. Due to this, its market capitalization accelerated. HDFC Bank is the third largest private sector bank in the country. Its market capitalization has been Rs 7.78 lakh crore. In the same month, it touched a level of Rs 8 lakh crore.

Infosys is also stock top on

Information and technology company (IT) Infosys shares are trading at Rs 1,239 a share. Its market cap is Rs 5.27 lakh crore. HDFC is at number five. Its market cap is 4.40 lakh crore rupees. The market cap of the Tata Group's total listed companies in the country is at number one. HDFC Group is at number two. Both of them have overtaken Reliance Group in market cap.

28 companies of Tata group listed

The Tata group has a total of 28 listed companies. While HDFC Group has a total of 4 companies listed. Reliance Group has 6 companies listed. TCS in Tata, HDFC Bank in HDFC Group and Reliance Industries in Reliance are the largest companies by market cap. While shares of Reliance have been beaten recently, TCS and HDFC Bank shares are continuously touching new heights. TCS's buyback of 16 thousand crore rupees is also open at this time. This has led to a sharp rise in its shares.

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Gold price rises by 1%, silver rate surges 3%
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In international markets, gold prices jumped 1% on Monday as the metal's appeal as an inflation hedge was boosted by news that U.S. President Donald Trump had signed a long-awaited coronavirus relief aid bill.

Gold and silver prices surged today in Indian markets tracking firm international prices. On MCX, February gold futures rose by 0.97% to ?50,561 per 10 grams and silver prices went up by 3.14% to ?69,578. Though gold has recovered from lows of below ?48,000, it remains significantly lower than the August highs of ?56,200. Similarly, silver had also almost touched ?80,000 per kg in the same month. Gold closed at ?50,073 on Thursday and silver closed at ?67,509 on Wednesday on MCX.

In international markets, gold prices jumped 1% on Monday as the metal's appeal as an inflation hedge was boosted by news that US President Donald Trump had signed a long-awaited coronavirus relief aid bill. Spot gold rose 1% to $1,895.03 per ounce by 0145 GMT. U.S. gold futures gained 0.8% to $1,899.10.

Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a partial federal government shutdown, officials said.

Gold has gained more than 24% this year, largely driven by its appeal as a hedge against inflation and currency debasement in the wake of unprecedented stimulus measures unveiled globally to mitigate the impact of the pandemic.

Silver rose 3% to $26.63 an ounce.

Analysts believe gold is set to score the best gains in a decade this year as the pandemic and a gloomy outlook for the world economy sparked a rush towards the yellow metal, considered a safe haven in turbulent times.

Volatility in other asset classes and a risk-off sentiment also attracted investors to gold.

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Ideal Stock Market LIVE: Beginning with market growth; Sensex crosses 46100 level, TCS shares at one-year high
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On the third day of the trading week, the market started with an increase. The Sensex is trading up 213.23 points at 46,219.92 and the Nifty is up 58.15 points at 13,524.45. IT and auto shares are leading the market boom. The Nifty IT index is trading up 312 points (1.32%) at 23,924.25 and the auto index is up 1.20%. Due to all-round buying, the total market cap of listed companies in the BSE has risen to Rs 182.39 lakh crore. The BSE Sensex opened 66 points higher at 46,072.30 and the Nifty opened 7 points higher at 13,473.50 in the morning.

Stocks update

Shares of Wipro, M&M and Cipla are trading up 2–2% in the Nifty. Similarly, Bajaj Finance and Maruti shares are up 1-1%. On the other hand, ONGC, HDFC and HDFC Bank shares are trading with a decline. TCS shares are trading up 1.02% at Rs 2900 in BSE. The stock also touched a 52-week high of Rs 2,915 today. The company's market cap has also reached close to Rs 11 lakh crore.

Asian markets boom

Today, Hong Kong's Hangseng Index of Asian markets is trading at 26,266, gaining 146 points. Japan's Nikkei index is trading 120 points up at 26,556. In addition, China's Shanghai Composite Index is also trading up 28 points at 3,385.

Market recovery on Tuesday

Yesterday, shopping returned to the market after noon. The BSE Sensex was up 452 points at 46,006.69. However, the index fell to a day's low of 45,112.19 due to the decline in early trading. The index's gains were led by TCS, Bajaj, Infosys and major banking stocks. Apart from this, the Nifty index also closed up 137.90 points at 13,466.30 due to all-round buying. Shares of Adani Port and HCL Tech were up by 5-5% in the index.

Shopping in europe markets

There was a huge buying in Europe markets yesterday. France's CAC index was up 73 points (1.36%) at 5,466. Germany's DAX index gained 171 points (1.30%) to close at 13,418. Apart from this, the UK FTSE index also closed at 6,453, up 36 points.

Selling in american markets

On Tuesday, the US markets saw a decline. The Dow Jones Index was down 200.94 points at 30,015.50, down 0.67%. Similarly, the S&P 500 index also closed down 7 points at 3,687. On the other hand the Nasdaq index was up 65 points at 12,807.

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DHFL’s resolution turning for the better, but there is risk of buyers remorse
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It has been more than a year since India’s banking regulator initiated insolvency proceedings against a broke housing finance company mired in governance controversies.

The saga of Dewan Housing Finance Corporation Ltd’s (DHFL) insolvency procedure has been intriguing over the past one year. The task to find bidders had looked challenging initially and bankers having exposure to DHFL were getting resigned to large haircuts in the beginning itself. Lenders have already made sizable provisions against the account assuming haircuts in excess of 50%. The plight of thousands of fixed depositors also hangs in the balance.

But now, the plot has turned in favour of financial creditors with the final clutch of suitors competing intensely with each other. The valuation of DHFL has also gone up with revised bids. What’s more is that some bidders that demanded immunity from legal ramifications under the insolvency code are now ready to drop these demands. In short, bidders are sweetening the deal for creditors. What explains this change in approach to DHFL as an asset?

According to analysts, the committee of creditors have made a strong case on the value of the underlying asset. DHFL may not be growing as it cannot undertake fresh lending but asset quality issues have been dealt with. DHFL’s net loss has narrowed to ?2,122 crore in the September quarter from ?7,635 crore in the March quarter. Another encouraging sign has been the improvement in its collections despite the ongoing pandemic. Needless to say, its retail loan book is the priced asset that bidders want.

Moreover, the housing finance market is looking up with home sales registrations rising and investors perhaps see this as an opportune moment to enter the market. “The assets of DHFL are good and the potential to grow is there. That is what bidders are looking at and willing to pay for. While the final deal contours will have to be looked at, prima facie it does not seem like the new owners will have trouble," said an analyst.

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Gold prices today after 3-day gain, silver rates drop
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Gold rates had surged ?750 per 10 gram while silver jumped ?2,300 per kg in the previous session

Gold remains supported at lower levels by US stimulus expectations, say analysts

Gold and silver prices fell today on some profit-taking after the recent upmove. On MCX, February gold futures dipped 0.24% to ?50,270 per 10 gram, snapping a three-day gain, while silver rates declined 0.6% to ?67,882 per kg. In the previous session, gold had surged 1.5% or ?750 to ?50,346 per 10 gram while silver jumped 3.5% or ?2,300 per kg amid a slide in US dollar. Analysts attribute the recent bounce in gold prices to progress in US stimulus talks and a weaker US dollar.

MCX gold has support at ?49620 and any dip below that level could trigger some correction, Geojit Financial said in a note.

Gold traders kept a close watch on the progress on stimulus talks. A bipartisan U.S. stimulus deal “appears to be close at hand," Senate Majority Leader Mitch McConnell said, but will probably require work over the weekend to get through Congress.

"Gold has bounced back sharply from recent lows and remains supported by stimulus expectations however we do not expect a sustained rise as Fed’s stance was largely anticipated and US leaders are still to finalize a stimulus deal and ETF investors are still not buying," Kotak Securities said in a note.

Also supporting gold price is rising virus cases which has forced authorities to impose tighter restrictions.

In global markets, spot gold fell today after the recent bounce. Spot gold fell 0.2% to $1,881.65 per ounce but was up 2.3% so far this week. Silver also declined 1% while platinum dropped 0.8% to $1,035.91.

The US is likely to get another covid vaccine soon after after a panel of experts recommended emergency use approval of Moderna shot, advice that the country's Food and Drug Administration is likely to act on.

The European Union is under massive pressure to approve potential vaccines after Britain and the United States began rolling out a drug produced by Pfizer and BioNtech.

However, weighing on gold prices is ETF outflows which shows weaker investor interest. Holdings in the SPDR Gold Trust , the world's largest gold-backed exchange-traded fund or gold ETF, fell 0.2% to 1,167.82 tonnes on Thursday. 
 

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Stock Market LIVE:Sensex opened beyond record 47 thousand; Stocks of big companies like RIL and HDFC fall to market lows
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The stock market has reached record levels due to heavy foreign investment. The Sensex opened at a record 47,026.02 on Friday. The index is currently trading at 46,720.21, down 170.13 points. In addition, the Nifty is trading down 51.50 points at 13,689.20. At the same time, Burger King shares are trading at Rs 161.45, down nearly 10% on the lower circuit.

Stocks update

The banking sector and large stocks are seeing a sharp decline. The Nifty Bank Index is trading down 379 points at 30,467.70. Among large companies, shares of companies like SBI, HDFC, RIL and Bharti Airtel are trading with a decline.

IndusInd Bank's stock is trading down 3% in the Nifty. ONGC, HDFC and HDFC Bank shares are trading down 2–2%. Apart from this, Kotak Bank's stock is also trading down by about 2%. At the same time, HCL Tech and Infosys shares are up 2-2%. Apart from this, TCS shares are also down by more than 1%. The market cap of listed companies in the BSE has gone up to Rs 184.71 lakh crore. The Sensex opened 136.02 points higher at 47,026.02 and the Nifty opened 24.40 points higher at 13,764.40.

Foreign investment in the market

This year, foreign investors made heavy purchases in the stock market. According to the National Securities Depository Limited (NSDL) data, the figure has so far crossed Rs 1.54 lakh crore. Earlier in 2012, foreign investment of 1.3 lakh crores was done.

The special thing is that the pace of foreign investment in Indian markets only increased since August, which continues till now. Only in the month of November this year, Foreign Portfolio Investors (FPI) invested about 60 thousand crores. It had invested 22 thousand crores in the month of October. At the same time, the figure of FPI investment has crossed 50 thousand crore rupees in the month of December.

Increase in demat account

The market has so far been up 88% since the March lows. Foreign investors as well as retail investors played a big role in this. While the FPI has invested more than Rs 1.5 lakh crore in the domestic market so far, retail buyers have also grown in market presence during the Corona period. According to the Securities and Exchange Board of India (SEBI), about 63 lakh new demat accounts were opened in the last 9 months. With this, the total number of demat accounts in India has increased to 4.44 crore.

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Stock Market LIVE:The Sensex gained close to 47 thousand with a gain of 324 points; Burger King shares lower circuit
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There is a record increase in the market due to heavy foreign investment. The BSE Sensex has gained 324 points to reach the level of 46,991.16 due to the boom. It is expected that today it can touch a record level of 47 thousand. Bajaj, HDFC, TCS and Reliance Industries are the main contributors to the market growth. At the same time, the Nifty index has gained 83.45 points to reach the level of 13,766.15. The market cap of listed companies in the BSE has also crossed Rs 186. lakh crore. The Sensex opened 107.86 points higher at 46,774.32 and the Nifty opened 30.85 points higher at 13,713.55 in the morning.

Stocks update

In the market this week, the list of Burger King shares started lower circuit in the second half of trading. The stock is down 10% at Rs 179.35. Earlier in the morning, the stock was trading at Rs 219.15 along the Upper Circuit. Apart from this, Jet Airways stock also got an upper circuit. The stock has reached Rs 106.20. In the Nifty index, Divis Lab's stock is trading up 3%. The company's market cap crossed 1 lakh crore rupees for the first time. IndusInd Bank and Bajaj Finance also gained 2–2% each. Apart from this, shares of HDFC and Bajaj Finserv are also trading up 1-1%. At the same time, shares of HUL, Hindalco and Coal India are down more than 1-1%.

Booming in Asian markets

Today, the Hong Kong Hangseng Index of Asian markets has gained 203 points to close at 26,663. Japan's Nikkei index closed up 49 points at 26,806. Apart from this, the Shanghai Composite Index of China has also closed with a gain of 37 points at 3,404.

Market condition on wednesday

Yesterday, the Sensex gained 403.29 points to end at 46,666.46 and the Nifty jumped 114.85 points to close at 13,682.70. This is by far the highest level of both indices in terms of closing. However, the Sensex touched a high of 46,704.97 and the Nifty 13,692.35 during trading. Hindalco and Bharti Airtel shares were up 2-2% in the Nifty on Wednesday. At the same time, ICICI Bank shares and IndusInd Bank shares closed down by 1-1%.

Sensex closed at record high of 46,666, market cap of BSE also crossed 185 lakh crore for the first time

European markets boom

Yesterday saw shopping in the European market. Germany's DAX index gained 203 points to close at 13,566. France's CAC index was up 17 points at 5,547. Apart from this, the UK FTSE index was also up by 6 points to close at 6,570.

Flat business in US markets

US markets closed flat on Wednesday. The S&P 500 index was up 6 points at 3,701. Apart from this, the Nasdaq index also gained 63 points to close at 12,658. At the same time, the Dow Jones index was down 0.15% to close at 30,154, down 44 points.

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Burger King share hit 20% upper circuit again, up 233% from IPO issue price
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The market cap of Burger India has now zoomed past that of Westlife Development

Burger King shares were locked in 20% upper circuit for second straight day today with prices rising to ?199.2 on BSE. After more than doubling as compared to its issue price on listing day on Monday, Burger King shares hit the 20% upper circuit limit on Tuesday After today's rise, Burger King shares are up about 233% as compared to its IPO issue price.

The market cap of Burger India has now zoomed to ?7,604 crore, moving past Westlife Development's market valuation of ?6,800 crore.

Burger King's market debut on Monday was the best since 2017 when Astron Paper & Board Mill Ltd. jumped 142%.

NSE bulk deals data shows Basant Maheshwari Wealth Advisers and Valiant Mauritius Partners Offshore buying 2.4 million and 2.5 million of Burger King respectively on Monday, at average price of ?112.79 and 130.28 apiece.

Burger King India's ?810 crore IPO was subscribed a massive 156.65 times earlier this month. The quick-service restaurant chain currently operates 268 stores in India and out of them, eight are franchises, mainly located at airports, while the rest is owned by the company.

Meanwhile, the IPO of Mrs Bectors Food, which is currently open, has also seen strong demand. It was fully subscribed in just few hours after opening on Tuesday. The price band in Mrs Bectors Food IPO has been fixed at ?286-288 per equity share. The company sells biscuits under the 'Cremica' brand and manufactures and markets a wide range of biscuits such as cookies, creams, crackers, digestive biscuits, and an array of premium breads under the 'English oven' brand.

Mrs Bectors Food is also a supplier of buns to quick-service restaurant (QSR) chains such as McDonald's, KFC, Burger King and Carl's Jr among others.
 

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Supply chain company preparing to raise money:Announcement of Delhivery; IPO to be launched in next 12-15 months
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Supply chain Delhivery said on Tuesday that it was preparing to launch an initial public offering (IPO) in the next 12-15 months. The company said that Steadview Capital had bought Rs 184 crore ($ 25 million) from the secondary stock market from one of its initial investors. However, the logistics firm did not name the investor.

The company raised $ 400 million fund

Last year, Delhii announced to raise Rs 2,776.82 crore ($ 400 million) from the Softwank Vision Fund. Sahil Barua, founder and CEO of Delhihi said in a statement, "Steadview is a long-term investor and will be a key role as we prepare to move towards a public issue in the next 12-15 months."

Logistics service in 2,300 cities

Explain that Delhi provides logistics services in 2,300 cities such as Express Parcel Transportation, LTL and FTL Freight, Reverse Logistics, Cross Border, B2B (B2B) and B2C, Warehousing and Technology Services.

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Ideal Stock News - Rich earnings this year:Burger King King made on IPO listing, gave investors 92% advantage in 8 days
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  • Burger King is the fourth IPO of this year which has given the most benefit
  • The SBI card has been the largest IPO. It has raised more than 10 thousand crores

This year, Initial Initial Public Offers (IPOs) have been successful in giving investors an advantage. Burger King has also emerged as King. Its stock was listed at a 92% premium on Monday. That is, the investors who invested money in the IPO have gained 92% on the day of listing. This is the fourth IPO of this year which has given the most benefit.

Opened from 2 to 4 December

Let us know that Burger King's IPO was open from 2 to 4 December. Its price was 58-60 rupees. It was listed on the Bombay Stock Exchange (BSE) at Rs 115 on Monday. That is, those who invested Rs 1,000 in the IPO became Rs 1,920. The craze of the IPO market in 2020 is tremendous. Investors have not only earned money from IPO, they have also earned good money from secondary market. The secondary market has gained nearly 78% since March. However, compared to January, it has got more than 10% return.

These three IPOs gave more than 100% profit

There are 3 IPOs before Burger King, which are listed at more than 100% premium. In the year 2020, 70% IPOs have been listed, which are listed at a premium. So far this year, 12 IPOs have come. In this, 8 have given good benefit to the investors. The IPO of 10 of these companies has come in September or after. Talking about this year, due to the lockdown, companies kept avoiding entering the market for a long time. But once the economy is back on track, companies are continuously bringing IPOs.

Companies raised 25 thousand crores

The data of the exchange shows that companies have raised more than 25 thousand crore rupees so far this year. It is expected that this figure can go up to 30 thousand crores. This year, SBI Card has been the largest IPO among 12 companies whose IPO has come. It has raised more than 10 thousand crores. After that, CAMS and UTI Mutual Fund have raised more than Rs 2000-2000 crore.

Pharma's largest IPO

Gland Pharma has brought the largest pharma IPO in the country so far. It has raised Rs 6,400 crore. Apart from this, Rosari Biotech, Root Mobile, Happiest Minds, Chemcon Specialty, Angel Broking, Mazgaon Dock, Equitas Bank and Burger King. Talking about their performance, the value of the IPO of Chemcon Specialty was Rs 340. It was listed at Rs 731. Investors have gained 115% in this.

Benefit of 111%

Happiest Minds' IPO came in at Rs 166. The listing was done at Rs 351. That is, 111% of the investors benefited. Root Mobile's IPO was listed at a premium of 102%. It came in IPO for Rs 350. It was listed at Rs 708. Burger King, listed today, gave 92% to investors.

Burger King price of 60 rupees

The IPO of Burger King was worth 60 rupees. It was listed at Rs 115. That is, investors have gained 92%. Rosari Biotech's IPO has given investors a 58% advantage. It came at Rs 425 and was listed at Rs 670 on the IPO exchange. Apart from this, the IPOs which have been listed have also given good benefits. However, this advantage has been less than 50%.

Mazgaon post gave advantage of 49%

Mazgaon Dak's IPO has given 49% benefit to investors. It was listed at Rs 216 and the IPO was priced at Rs 145. The IPO of CAMS working for mutual funds gave a profit of 25%. The IPO of Gland Pharma gave a 14% gain. Its IPO was valued at Rs 1,500. Some IPOs, however, had given losses to investors at this time.

These IPOs gave losses

Financial servicing Equitas Holding had given a 6% loss to investors. It was listed at Rs 31 compared to Rs 33. Angel Broking has lost 10%. Its price was Rs 306 which was listed at 275. UTI Asset Management Company had a lot of difficulty in filling the IPO as well. It gave investors a loss of 12%. While the SBI Card IPO has given a loss of 13% to the investors.

Chance to earn again

By the way, you are getting a chance to earn an IPO again from Tuesday. The IPO of Mrs. Bacter, which supplies the material to Burger King, is opening from tomorrow. It is trading at a 70% premium in the gray market. That is, there is a huge demand among investors even before the IPO opens. In such a situation, its IPO will be good as well as it can give good profits on listing. The company aims to raise Rs 540 crore. Many shareholders will sell their stake in it.

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Stock Market LIVE:Sensex crosses 46200 due to all-round buying in market, Nifty also sets new record
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  • Total market of listed companies in BSE crosses Rs 183 lakh crore
  • BSE Sensex up 100 points at 46,060 and Nifty opens up 34 points at 13,512

The market is bullish on the last trading day of the week. The Sensex is trading up 249.21 points at 46,209.09 and the Nifty is up 74.55 points at 13,552.35. However, the Sensex touched 46,247.43 and the Nifty touched 13,562 during trading. This is the highest level of both indexes. Due to all-round buying in the market, the market cap of listed companies in the BSE has crossed Rs 183.30 lakh crore.

Stocks update

Shares of government companies in the Nifty are very strong. The stock of ONGC is trading up 6%. GAIL and IOC are also up 2-2%. Apart from this, shares of SBI and NTPC are trading up by 2-2%. At the same time, there is a slight decline in the shares of Infosys and Adani Ports. The BSE Sensex opened 100.44 points up at 46,060.32 and the Nifty opened up 34 points at 13,512.30.

Selling in Asian markets

Today, Japan's Nikkei index is trading down 166 points at 26,590 in Asian markets. China's Shanghai Composite Index is also trading down 34 points at 3,338. At the same time, Hong Kong's Hangseng index is trading 79 points at 26,490.

Market falls on Thursday

The BSE Sensex was down 143.62 points at 45,959.88 and the Nifty closed 50.80 points down at 13,478.30 yesterday . Shares of UPL in the Nifty closed down over 11%. Cement shares were also sold due to the news of the raid. Ultratech Cement shares were down 3% and Shree Cement shares closed down 2%. Nestle India shares closed up 4% in the index.

Sluggish markets in Europe

There was a flat business in the European market yesterday. The UK's FTSE index was up 35 points at 6,599.76. France's CAC index also closed with a slight gain at 5,549. At the same time, Germany's DAX index was down 44 points at 13,295.

US markets fall

Light selling was seen in US markets on Thursday. The Dow Jones index was down 0.23% to close at 29,999.30, down 69 points. The S&P 500 index also lost 4 points to end at 3,668.10. On the other hand, the Nasdaq index was up 66 points at 12,405.

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Assessment of Mahindra & Mahindra:Production and sales are expected to decline in the last quarter, work was affected due to lack of global supply
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  • Assessing any production shortfall in the last quarter of the year 2020-2021
  • Work in the automotive sector may be affected due to lack of global supply

Mahindra & Mahindra anticipates that the production and selling of its automotive division and its wholly owned subsidiary may decline in the last quarter of the current financial year due to a shortage in supply of micro processors on a global scale.

The company said that it is in touch with Bosch, which supplies its auto spare parts, and is assessing any shortfall in production in the last quarter of FY 2020-2021 due to supply disruptions and steps to reduce it Are being raised. "

Mahindra told the stock market, "The company's functioning in the automotive sector may be affected due to a decrease in the global supply of micro processors (semiconductors) used in electronic control units (ECUs)."

In these circumstances, Mahindra said it expects the production and sales of its automotive division and its wholly owned subsidiary Mahindra Vehicle Manufacturers (MVML) to decline in the last quarter of FY 2020-21.

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Stock Market LIVE:The market reached a new high; Sensex crosses 46 thousand for the first time, banking and IT shares also buy
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  • BSE listed companies market cap crosses Rs 183 lakh crore
  • Sensex up 282 points at 45,891 and Nifty opens 65 points up at 13,458

Sensex and Nifty have reached record levels due to all-round buying in the market on the third trading day of the week. The BSE Sensex is trading 542 up at 46,150.51 and the Nifty is up 154.80 points at 13,547.75. However, the Sensex touched a level of 46,164.10 and the Nifty 13,547.95 during trading. This is the alltime high level of both indexes.

IT and banking shares are leading the market growth. The Nifty Bank Index is trading up 510 points at 30,772.20. Due to the boom in the market, the total market cap of listed companies in the BSE has crossed Rs 183.18 lakh crore.

Market boom is the main reason

The main reason for the rise in the market is the excellent growth in global markets and the rise in heavy stocks. RIL's stock is trading at 1.30% up 2030 in the BSE. TCS and Infosys shares are also trading up. Other Asian markets recorded a record high today on hopes of vaccination. In addition, the Nasdaq index also made a new high in the US markets yesterday.

Stocks update

UPL and IOC shares are up more than 3-3% in the Nifty index. Kotak Bank and Infosys are up over 2–2% each. HDFC Bank shares also gained 2%. At the same time, Hindalco's stock is trading down by more than 1%. UltraTech Cement and Wipro are also down slightly. The BSE Sensex opened 282.53 points up at 45,891.04 and the Nifty opened 65.15 points up at 13,458.10 in the morning.

Shopping in Asian markets

Today, Japan's Nikkei index has closed up 350 points at 26,817 in Asian markets. Hong Kong's Hangseng index gained 213 points to close at 26,518. At the same time, the Shanghai Composite Index of China has fallen by 38 points to close at 3,371.

The market rose sharply on Tuesday

The Sensex closed up 181.54 points at 45,608.51 and the Nifty closed up 37.20 points at 13,392.95 on Tuesday due to the rise in heavy stocks. This is the highest level of both indices in terms of closing. However, the Sensex touched a high of 45,742.23 and the Nifty 13,435.45 during trading. Yesterday, UltraTech Cement shares closed up 3% and TCS gained 2% to the Nifty. Apart from this, shares of Reliance and Wipro also gained 1-1%.

Sluggish markets in Europe

Flat business was recorded in the European market yesterday. France's CAC index was down 12 points at 5,560. At the same time, Germany's DAX index was up 7 points at 13,278. Apart from this, the UK FTSE index also closed with a slight gain at 6,558.

Shopping in american markets

On Tuesday, there was a slight rise in American markets. The Dow Jones Index was up 104.09 points at 30,173.90, up 0.35%. The S&P 500 index was up 0.28% at 3,702.25. In addition, the Nasdaq index also closed at 12,582.80, up 62.83 points. Nasdaq also touched the highest level of 12,453 during the business.

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Market sprung from RBI estimates:Expects 7.5% decline in GDP in 2021; Sensex crosses 45 thousand for the first time as this rate decreases by 2%
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The Reserve Bank of India (RBI) made a big announcement on GDP on Friday. Governor Shaktikanta Das said that the estimate of GDP has been changed in 2020-21. It is now expected to fall by 7.5%. GDP was forecast to decline by 9.5% in October. That is, the fall estimate has been reduced by 2% in two months. Das quotes the philosopher Socrates by saying that we can either get worse or get better.

Das while presenting the final monetary policy for this calendar year also said that commercial and cooperative banks will not pay any dividend this year (related to FY 2020-21). Keep all the profits with you. There is no change in policy rates. All rates are unchanged.

3 key things of RBI governor-

1. Supply side will control inflation pressure
Supply side, which is inflation pressure, needs more efforts to bring it under control. Corporate income shows that demand is improving and profit figures are rising. In view of further increase in urban demand, recovery in rural demand is likely to be more. Necessary steps will be taken to maintain financial sector stability.

2. Instructions on Digital Penet Security Control: For
institutions which are under the purview of regulation, RBI has proposed to issue instructions for Digital Payment Security Control. On Thursday, the problems of digital service of two of the country's largest banks, SBI and HDFC Bank, were revealed. HDFC Bank is prohibited from launching any new digital service. At the same time, SBI's YONO digital service came to a standstill yesterday.

3. Compensation to customers for delay in
redressal of complaints An elaborate arrangement has been announced for better disclosure of customer complaints, monetary compensation for any kind of delay in resolution. The proposed digital payment security control guidelines are likely to be made public soon. Corona infections are increasing in some places, but positive economic conditions dominate them.

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RBI MPC meeting LIVE:Reserve Bank keeps repo rate at 4% keeping inflation in mind, no change in bank rates
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Keeping in view the inflation, the RBI committee did not change the policy rates, which is 4%. After a 3-day committee meeting, RBI Governor Shaktikanta Das said today that it is expected that inflation may still remain at a high level. However, it is expected to get some relief in the winter months.

He said that the reason for high inflation is the supply chain is hindered. Experts had earlier predicted that there will be no change in the repo rate. After the verdict, the repo rate remains at the level of 4%, reverse repo rate 3.35%, cash reserve ratio of 3% and bank rate of 4.25%.

Retail inflation may remain 6.8%

Governor Shaktikanta Das said that retail inflation is estimated to be 6.8% in the third quarter of FY 2020-21, 5.8% in the fourth quarter. The RBI had earlier estimated in its October monetary policy that the country's GDP growth rate could decline by 9.5% in 2020-21. It was forecast to decline by 5.6% in the third quarter. At the same time, GDP was projected to grow by half a percent in the fourth quarter.

CPI rate estimated at 6.8%

The Consumer Price Index (CPI) inflation is estimated to be 6.8% in the third quarter. The real GDP growth rate is projected to be -7.5% in FY 2021. The governor said that the financial market is doing well. Demand for villages is expected to strengthen recovery. This will continue in the future. We will use all means at the right time to maintain liquidity in the system.

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Ideal Stock Market LIVE: Market record continues to boom; Sensex reaches near 45 thousand with a huge increase, banking stocks rise well
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  • Total market cap of listed companies in BSE crosses Rs 178 lakh crore
  • GAIL, Hindalco and Tata Steel gain 2-2% in Nifty

The market continues to boom in the trading session. The Sensex is trading up 223.59 points at 44,841.63 and the Nifty is up 63.60 points at 13,177.35. Auto and metal shares are leading the market growth. The Nifty Auto and Metal index is up more than 1-1 percent. Apart from this, banking stocks are also rising. The Nifty Bank index is trading at 29,801.55, up 338 points.

Stocks update

Maruti's stock is trading up 4% in the Nifty. SBI and Hindalco are up 3-3 per cent. Apart from this, Tata Steel and ONGC shares are also up 2-2%. At the same time, shares of SBI Life and Bharti Airtel are down more than 1-1%. Shares of Bajaj Auto and Ultratech Cement also declined 1-1 per cent. Apart from this, Infosys shares are also down slightly.

Market continues to gain record

Business started in the market with a record increase. The Sensex opened 283.02 points higher at 44,902.02 and the Nifty opened 101.55 points higher at 13,215.30 in the morning. However, the Sensex touched 44,953.01 and the Nifty touched 13,216.60 during trading. This is the highest level of intraday for both indices. Earlier on 25 November, the Sensex touched 44,825.37 and the Nifty touched 13,145.85. On Thursday, the total market cap of listed companies in the BSE has also crossed Rs 178.13 lakh crore for the first time. After 32 months, the Nifty Midcap 100 Index once again reached the 20,000 level. It is trading at 20,144.85.

Asian markets boom

Today, Japan's Nikkei index is trading up 40 points at 26,841 in Asian markets. Hong Kong's Hangseng Index is trading at 26,739, up by 206 points. At the same time, China's Shanghai Composite Index is trading at 3,446.19, down 0.09%.

Market condition on wednesday

The BSE Sensex was down 37.40 points at 44,618.04 and the Nifty closed up 4.70 points at 13,113.75 yesterday. The market saw the impact of flat business in other Asian markets and Europe markets. However, this level of the Nifty index is the highest in terms of closing. Earlier on Tuesday, the Nifty closed at 13,109.05. Banking stocks were led by the market's decline. At the same time, the Nifty Auto index closed up 1.19% and the metal index gained over 2.56%.

European markets boom

There was a good boom in the European market. The FTSE index of the Corona vaccine approval in the UK closed at 6,463.39, up 1.23% yesterday. However, in other European markets, France's CAC index closed at 5,583.01 with a slight gain. At the same time, Germany's DAX index was down 0.52% to close at 13,313.20.

Growth in US markets

On Wednesday, the US markets gained. The Dow Jones index was up 0.20% to close at 29,883.80, up 59.87 points. The S&P 500 index was also up 0.18% at 3,669.01. At the same time, Nasdaq was down 5.74 points at 12,349.40.

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New Investment in Startup: Credit card repayment app Cred got investment of Rs 591 crore
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  • CRED received $ 80 million investment in Series B round from investors including DST Global
  • DST Global also invested in companies like Flipkart, Facebook, Spotify, Udaan and Ola

Credit card repayment platform Cred (Cred) has received a new investment of Rs 591 crore. The value of the company has increased to $ 80 million (5.91 thousand crore rupees) from this investment under Series B in Kunal Shah's company CRED. However, the total value of a company to be a unicorn from a startup must be one billion dollars.

Company got new investment

According to media reports, CRED received $ 80 million from investors including DST Global in the Series B round. Earlier in 2018, Creed invested in the company. In addition to DST Global, Ribbit Capital, Sequoia Capital and Sequoia Capital and Tiger Global were also involved in this investment round. Yuri Milner's company DST Global has also invested in companies like Flipkart, Facebook, Spotify, Udaan and Ola.

Great rise in the value of the company

In the last two years, there has been a tremendous jump in credit value due to increasing investment. With the new investment it has increased to $ 800 million. It was $ 450 million in August last year, when the company raised $ 120 million through a funding round. Earlier, at the end of 2018, the startup raised $ 30 million in investments through an investment round.

Currently the company is a bit far from becoming a unicorn from a startup. Explain that startups whose value exceeds one billion dollars (7.35 thousand crore rupees) or more are called unicorns. For example, Paytm, Oyo and Biju have unicorn status.

What does the CRED app do?

The credit card repayment app Cred is owned by Kunal Shah, who was also the co-founder of the bill payment company Freecharge. Axis Bank currently operates Freecharge. Let me tell you, the Cred app is especially for those customers who use different credit cards.

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Ideal Stock Market LIVE: Sensex 44300 and Nifty cross 13000 level; 
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  • The total market cap of the companies listed in the BSE has crossed Rs 175 lakh crore.
  • The BSE Sensex opened up 286.11 points at 44,435.83 and the Nifty opened 93.25 points up at 13,062.20.

The domestic market has an edge due to the boom in Asian markets. The Sensex is up 207.57 points at 44,357.29 and the Nifty is trading up 55.20 points at 13,024.15. Metal and IT shares are leading the market growth.

Stocks update

In the Nifty, the shares of state-run GAIL are trading up 4%. Infosys, UltraTech Cement and Shree Cement are up 2-2 per cent. Grasim's stock is trading up 1%. At the same time, Nestle India stock is trading down 2%. Kotak Bank shares also declined by 1%. The BSE Sensex opened 286.11 points up at 44,435.83 and the Nifty opened 93.25 points up at 13,062.20.

State of asian markets

Today, Japan's Nikkei index is trading at 26,847, up 413.38 points in Asian markets. Hong Kong's Hangseng index is trading 238 points at 26,580. The Shanghai Composite Index of China is also trading at 3,437, up 1.35%.

These stocks will be watched -

1. Auto Share - Mahindra & Mahindra, Maruti Suzuki, TVS Motor, Hero MotoCorp and Ashok Leyland will be under watch. Because, today auto companies will release the sales figures in the month of November.

2. SAIL - Soma Mandal has been appointed as the new chairman of the state-run Steel Authority of India (SAIL). His term will be till April 2023.

3. Future Consumer - Bennett, Coleman & Co. will reduce their stake in Future Consumer. According to media reports this will be done from 6.33% to 4.25% through open market transactions.

4. Glanmark Pharma - Dr. Reddy's Laboratories says that it is going to acquire several pharmaceutical brands of Glanmark Pharmaceuticals. An agreement has been reached between the two companies regarding this. These anti-allergic drug brands are available in Russia, Ukraine, Kazakhstan and Uzbekistan.

5. Reliance Capital - Reliance Capital has defaulted on interest payment of term loan of Rs 624.61 crore. In a report to stock exchanges on Monday, the company said that a term loan of Rs 523.98 crore was received from Housing Development Finance Corporation (HDFC). While a term loan of Rs 100.63 crore was received from Axis Bank.

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Another shock to the Chinese company: British telecom companies banned use of Huawei 5G kit
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  • Order to remove already used Huawei equipment by the end of 2027
  • Government has already banned the purchase of new Huawei 5G kit

On Monday, the British government received a major blow to the Chinese company Huawei. The government, while issuing the order, has ordered local telecom companies not to use the Huawei 5G kit from September 2021. Apart from this, orders have also been issued to remove already used Huawei equipment by the end of 2027. This announcement was made before the debate in Parliament, where the new telecom rules are to be discussed.

National Security Risk

The UK government issued the order, taking into account the security risk posed by US intelligence partners. It says that there is a risk on the national security front from Huawei. The government has already banned the purchase of the new Huawei 5G kit. Britain said its decision in July was related to concerns that US sanctions on chip technology could affect the supply chain.

British digital minister Oliver Dowden said that we are completely removing high risk vendors from the country's 5G network. Under the new rules, we are prohibiting those telecom devices which can pose a threat to our national security.

Chinese company Huawei sold its sub-brand Honor, the company was struggling for the last 2 years

Huaway accusation

China has criticized Britain's decision. Earlier, Huawei said last week that the UK government wants to exclude it from the 5G expansion in the country under the new law. Under the new law, if a company does not accept the restrictions, it will be fined £ 100,000.

The UK government has also announced a new strategy for the 5G supply chain. This includes an initial investment of £ 250 million. As well as the setting up of trial and new research facilities in collaboration with the Japanese company NEC.

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Ideal Stock- Gold dives below $1,800 on optimism for economic recovery
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Gold slumped 2%, breaking below the key $1,800 support level to a near five-month trough on Friday, as growing optimism about a quick vaccine-fuelled economic recovery and a smooth White House transition powered share market to fresh records.

Spot gold slid 1.4% to $1,785.11 per ounce by 11:43 a.m EDT (1643 GMT), earlier falling to its lowest since July 6 at $1,773.10 an ounce.

The metal has shed about 4.7% so far this week, the most since the week of March 13.

U.S. gold futures slipped 1.2% to $1,784 an ounce.

"As soon as prices touched below the key $1,800 level, it triggered a sell-off. It is probable that prices might test the $1,750 level given we have a strong fundamental reason like the vaccine," said OANDA analyst Craig Erlam.

Further weighing on gold, U.S. equities raced to a record on the vaccine optimism and as investors bet on calmer global trade under a Joe Biden administration in the United States.

"It is believed that Biden will take a calmer approach towards trade with other countries like China and that is getting reflected in the stock market," said Natixis analyst Bernard Dahdah.

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Google India's revenue grew 35% to Rs 5,593.8 crore in FY 2020, profits increased by 24%
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  • The company had a net profit of Rs 586 crore for the financial year ended 31 March
  • The company's expenditure in the last financial year also increased by 30% to Rs 4,455 crore.

Google India, the Indian arm of US tech tech company Google India, grew 34.8% in FY 2020 to Rs 5,593.8 crore. The company had a total revenue of Rs 4,147 crore in FY 2019. This information has been given by the market intelligence firm Toffler, quoting the Registrar of Companies filing.

586.2 crore profit

According to the filing, Google India has a net profit of Rs 586.2 crore in FY 2020. This is 23.9% higher than Rs 472.8 crore in the year-ago period. The company's revenue from operations in the financial year ended 31 March 2020 was Rs 5384.7 crore. This revenue was Rs 3992.8 crore in the same period a year ago.

30% increase in spending

Google India has seen a 30.4% increase in expenses in FY 2020. The total expenditure during this period has been Rs 4,455.5 crore. The total expenditure of the company has been Rs 3,416.5 crore in FY 2019. A Google India spokesperson said that the FY 2019-20 Google's pre-tax profit stood at Rs 1,138.3 crore. It also includes corporate tax of 302 crores rupees. During this period, the company has invested around Rs 400 crore on Indian operations.

Company provides IT and IT based services

Google India provides IT and IT based services to the Internet industry. Apart from this, the company also acts as a third party re-seller in the advertising space through the Google Ad-Words program. According to the filing, advertising accounted for 27% of Google India's total revenue. IT based services accounted for 32% and IT services 41%.

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Ideal Stock News -The business earned Rs 8,183 crore. Shares in employees, became 200 millionaires
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For the company and employees, the owner of Britain's 'The Hut Group' divided his company's profit shares into employees. This led to 200 millionaires working in the company. Mathew Molding, the owner of the e-commerce company, decided to see the company making a profit when the company's shares rose sharply. Matthew divided the shares of his company into 8,500 million pounds, or about 8,183 crore rupees, from his company's profits. He ran a buy back scheme. It was for all employees. Employees were selected by their managers and passed on to the list owner.

Everyone benefited from

this scheme, from the company's drivers to Matthew's personal assistant. Matthew's personal assistant says that she has received so much money that she can take retirement at the age of 36. Matthew said that I wanted everyone to share the profits of myself and the company, so introduced this scheme. Everyone has received a lot of money. At this time a lot of people were saying something against the trade but I was confident that the stock would go up. No one is perfect, but we all definitely want profit and share in money. The Hut Group is an e-commerce business. Matthew Molding is fond of gyming. He has received several business awards. Introduced to many veteran leaders around the world. Matthew is also known for his fabulous parties.

The company

Matthew Molding (48) , operating in 164 countries, founded 'The Hut' group in 2004 with John Gallmore. They have been making a lot of money for the last 16 years. He has given a bonus of 1.1 billion dollars i.e. 8,122 crore rupees to his shareholders.

The Hut Group gave this bonus to its shareholders when the company's shares went up and the company made a profit of Rs 63,505 crore. That too within just 15 days. The group came out with its IPO two months ago. The group currently has a market cap of Rs 80,521 crore. The Hut Group operates in 164 countries around the world. In September this year, Matthew Molding was included in the list of billionaires for the first time by Forbes. The share scheme has directly benefited about 200 employees of the company and now they have become millionaires.

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Ideal MCX News - Mentha Oil Rate: Mentha Oil Declines, Make Profit Strategy
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Mentha oil fell on Thursday. Around 10 am today, Mentha Oil's December futures on MCX were trading down 0.30 per cent or Rs 2.80 to trade at Rs 945.40 per kg.

the volume in futures is low. Due to this, there is some pressure, but further demand from the industry is expected to increase. From this, prices are expected to rise further as demand from pharmaceutical companies will also increase in the current winter season. In such a situation ..

Pharma and FMCG companies use mentha oil to make soaps, sanitizers and cough syrups. Apart from this, mentha oil is also consumed in the pan masala industry. Mentha oil is most used in pharma industry, cosmetic industry, FMCG sector as well as confectionery products.

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Union Bank of India jumps on planning to raise Rs 1,000 crore from bonds
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Union Bank of India is currently trading at Rs. 26.55, up by 0.85 points or 3.31% from its previous closing of Rs. 25.70 on the BSE.

The scrip opened at Rs. 26.00 and has touched a high and low of Rs. 27.00 and Rs. 26.00 respectively. So far 488221 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.70 on 29-Nov-2019 and a 52 week low of Rs. 22.60 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 27.00 and Rs. 25.15 respectively. The current market cap of the company is Rs. 17074.24 crore.

The promoters holding in the company stood at 89.07%, while Institutions and Non-Institutions held 5.44% and 5.49% respectively.

Union Bank of India is planning to raise funds through issuance of Basel III compliant Tier II bonds in the nature of debentures aggregate issue size not exceeding Rs 1,000 crore, with a base issue size of up to Rs 500 crore and a Green Shoe option to retain oversubscription up to Rs 500 crore. The bonds of face value of Rs 10 lakh each, bearing a coupon of 7.18 percent per annum, will have maturity of 15 years.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.

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