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Anticipate that development will moderate in the following 2-4 quarters because of  #GST: L&T's R Shankar Raman Taking a gander at all the nations that have executed it from their inheritance tax collection structures, all have taken a plunge in development for two to four quarters, said R Shankar Raman, CFO, Larsen and Toubro. In a selective, CNBC'S Akiko Fujita made up for lost time with R Shankar Raman, CFO, Larsen and Toubro to get some information about the Modi government's greatest expense change – products and enterprises assess (GST) and the effect of that on his organization and the perspectives of India Inc. He stated, India Inc is content with the change subjects/changes taken up by Modi government yet just stressed over speed of making an interpretation of the subjects into activities. "The pace at which the subjects were taken off, to the majority of our psyches - it resembled homework of usage has additionally been tended to yet ...

Indian shares edged higher on Tuesday after a flat opening. The Sensex gained nearly 75 points while Nifty added nearly 20 points to reach 9,636.85. Meanwhile, Asian shares mostly rebounded on Tuesday despite a further slide in U.S. tech shares. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, recouping about half of the previous session's losses as regional tech shares regained their composure. Overnight, tech giants including Apple, Alphabet, Facebook and Microsoft were sold for the second consecutive day on Monday dragging the Nasdaq 0.5 per cent lower.  Buy Rural Electrification Corporation at current market price for a target of Rs. 202 with stop loss at Rs. 188. Buy BEML at current market price for target of Rs. 1,350 and stop loss of Rs. 1,275 Contact us: - +91-9913158794 Or visit:- http://www.profitstreet.in/ Mail us at:-  info@profitstreet.in

Mumbai: Stock markets came off their peak and turned weak early Monday on emergence of profit-booking after recent rally amid mixed Asian cues.The 30-share Sensex, which had gained 135.70 points to close at record high at 31,273.29 on Friday's trade, slipped by 40.64 points, or 0.12 percent, to 31,232.65 with sectoral indices like FMCG, Metal and IT trading in the negative zone, falling by up to 0.27 percent. On similar lines, the NSE Nifty retreated from life-time high as it succumbed to profit-booking to quote 11.75 points lower, or 0.12 percent, at 9,641.75. It had closed at an all-time high of 9,653.50 on Friday.Brokers said that the emergence of profit booking by participants at record levels amid mixed trend at other Asian bourses kept sentiments down. A lacklustre US jobs report and London terrorist attack on Sunday also weighed on the sentiments. Among Sensex-30 constituents, major losers were ITC, Coal India, Lupin, Wipro, HDFC Ltd and HDFC Bank, falling by up to...

In the quarter ended March 2017, Adani Power Ltd reported net loss if Rs. 4,960 crore against profit of Rs. 1,012 crore.Shares of Adani Power jumped as much as 2 per cent to hit intraday high of Rs. 27.50 after the company post market hours on Thursday informed stock exchanges that its board of directors will meet on June 6 to discuss slump sale of its Mundra Power Generating Business Undertaking to its subsidiary company. Adani Power in a notification to exchanges said, "the Board of Directors of the Company is scheduled to be held on 6th June, 2017 to consider and evaluate, among others, the Slump Sale of its Mundra Power Generating Business Undertaking to its subsidiary company, namely, Adani Power (Mundra) Limited. " Slump Sale is a transfer of one or more undertakings of an entity for a lump sum consideration, without values being assigned to the individual assets of the entity.  In the quarter ended March 2017, Adani Power Ltd reported net loss if Rs. 4,960 cr...

The Videocon Industries stock is on a downward slide during the last three days over bad loan worries.State lender Dena Bank recently announced that it had classified Videocon's loan to Rs 520 crore as a non-performing asset. Dena Bank is the first lender to classify Videocon in bad loan category. On December 2015, the firm had a total debt of Rs 47,554 crore.  The firm will announce its earnings for Q4 on May 26, 2017. The stock has lost 42 percent in the last three trading days. It opened at around 100 level on Monday. At 11:21 am today, the stock was trading at a fresh 52-week low of Rs 58.35 level on the BSE. The firm in a statement to BSE said move by Dena Bank "has resulted into some negative publicity of the company and, accordingly, impacted its stock price . We believe that the recent crash on the stock price of the company could be due to the said classification of Videocon's loan as NPA by Dena Bank.  We are not aware of any other information which coul...

The INDIA VIX is higher by close to 4.5% at 11.7. BSE Sensex is trading at 30410 down 160 points, while NSE Nifty is trading at 9392 down 45 points.Tata Motors is trading higher by around 1.2% at Rs 455 per share. The stock is trading cautious ahead of its Q4 earnings announcement. The market expects fairly weak earnings as the company is said to be hit by the BS-III vehicle ban. The Nifty Auto index is trading higher by 0.44% at 10384 levels. Maruti still holds the top position in the index trading higher by around 2.2% at Rs 6849 per share. The other auto stocks like Eicher Motors, M&M, Hero MotoCorp and Amara Raja Batteries are also trading in positive zone. There were 191 advances, 1419 declines and 340 unchanged stocks on NSE reflecting strong negative undertone in the market.At 12 PM, the S&P BSE Sensex is trading at 30410 down 160 points, while NSE Nifty is trading at 9392 down 45 points. A total of 14 stocks registered a fresh 52-week high in trade today, ...

With the markets soaring to record highs yet again on Wednesday, India is now the world’s most expensive market. At a lifetime high of 30,658.77, the benchmark Sensex trades at a price-earnings multiple of nearly 18 times estimated one year forward earnings. India’s market capitalisation hit $2 trillion on Wednesday for the first time ever. The S&P 500, which closed Tuesday’s session at 2,400.67, is a shade less expensive than India, trading at 17.60 times, while the Japanese Nikkei, at 19,814.88, trades at 17.1 times. Both foreign portfolio investors and domestic institutions have been big buyers of Indian equities in 2017; between January and now, FPIs have pumped in close to $6.8 billion into equities while domestic funds have bought stocks worth $1.82 billion. Strategists at Macquarie Research observed, the brokerage’s overweight stance on India was not predicated on expectation of an accelerated pay-off from structural reforms or rapidly rising fixed investment and mor...

On May 12, 2017 Merrill Lynch Markets Singapore Pte bought 27,50,000 shares of Indiabulls Ventures at Rs 149.99 on the BSE.On Friday, Indiabulls Ventures ended at Rs 142.35, down Re 1, or 0.70 percent on the BSE. It has touched a 52-week high of Rs 150.50. The company’s trailing 12-month (TTM) EPS was at Rs 1.20 per share. (Mar, 2017). The stock’s price-to-earnings (P/E) ratio was 118.63. The latest book value of the company is Rs 5.65 per share. At current value, the price-to-book value of the company was 25.19. The dividend yield of the company was 2.1 percent. Contact us: - +91-9913158794 Or visit:- http://www.profitstreet.in/ Mail us at:-  info@profitstreet.in

Benchmark indices were off the day’s high points as investors could have looked to book profits after the bumper rally seen on Wednesday.The Sensex was down 48.66 points at 30202.32, while the Nifty was down 21.60 points at 9400.80. The market breadth was in favour of declines as 772 shares advanced against a fall of 1,516 shares, while 125 shares were unchanged. Asian Paints, GAIL and Zee Entertainment lost the most, while Infosys and Hero MotoCorp were the top gainers. Website:- http://www.profitstreet.in/ Whatsup No. +91 9913158794 Email- info@profitstreet.in

The INDIA VIX is down 1.5% at 11.3. The S&P BSE Sensex is trading at 30,114 up 219 points while NSE Nifty is trading at 9350 up 38 points.the BSE Auto index is the top losing index post lunch hours on BSE. It is trading 0.56% down at 22,768.The stock of Tata Motors is contributing to the index losses and dragging it to lower levels. It is trading down 1.9% at Rs 437 on BSE. Other stock such as Bharat Forge is trading down by 2.8% at Rs 1116, Eicher Motors is down by 1% at Rs 25,635 and Mahindra & Mahindra is down by 0.7% at Rs 1337.The Exide Industries is trading 4.9% up at Rs 233 in the BSE Auto index.Other buzzing stocks of the day are ITC, ICICI Bank, TIL and Sudarshan Chemical Industries which are trading in green. Fertiliser stocks such as FACT, NFL, RCF and Coromandel International also surged.At 3 PM, the S&P BSE Sensex is trading at 30,114 up 219 points while NSE Nifty is trading at 9350 up 38 points. A total of 122 stocks registered a fresh 52-week hig...

The domestic equity market was trading rangebound in late morning trade, but there were plenty of stocks that caught investors’ fancy on Wednesday.  Most active stocks in terms of volume  ICICI Bank (number of shares traded: 0.62 crore), DLF (0.46 crore), PNB (0.46 crore), PowerGrid (0.36 crore), Vedanta Ltd (0.33 crore), Hindalco Inds. (0.31 crore), ONGC (0.27 crore), Bank of Baroda (0.26 crore), SBI (0.26 crore), Axis Bank (0.21 crore), Ashok Leyland (0.21 crore), Tata Motors (0.20 crore), ITC (0.20 crore), Idea Cellular (0.18 crore), HDFC (0.17 crore), NMDC (0.16 crore), PFC (0.16 crore), JSW Steel (0.15 crore), SAIL (0.14 crore) and Indiabulls Housing Finance (0.14 crore) were among the most traded securities on the National Stock Exchange in Wednesday ’s session till 11.30 am (IST).  Most active stocks in terms of value  HDFC (Rs 270.62 crore), TCS (Rs 189.66 crore), ICICI Bank (Rs 169.99 crore), Indiabulls Houging Finance (Rs 153.56 crore), Cumm...

sellers said an organization buck against some world currencies overseas also weighed on the rupee but a better opening of the domestic equity market capped the autumn. The rupee weakened with the aid of 9 paise to 64.sixty five towards the greenback in early change today at the Inter- bank overseas change market on elevated demand for the American forex from importers and banks. dealers mentioned an organization greenback in opposition to some international currencies out of the country additionally weighed on the rupee but a better opening of the domestic equity market capped the autumn. The rupee edged higher by means of 2 paise in opposition to the American unit to shut at 64.fifty six in the day gone by’s exchange on emergence of mild promoting of the American buck by banks and exporters. meanwhile, the benchmark BSE Sensex rallied 161.ninety five points, or zero.fifty five per cent, to 29,584.34 in early exchange. Visit - Profit Street

The month of April has been nothing short of thrilling for retail traders on D-side road as widely tracked Nifty hit a recent lifetimes highs. The index which has been making record highs for the reason that March rose to a recent lifetime excessive of 9,273.ninety on April 5 remaining week. The index which has given a little bit over 12 p.c return to this point in the year 2017 is fast approaching crucial resistance levels which could put brakes on the up to date up move. The liquidity pushed rally has already pushed many small and midcap shares to report highs with stretched valuations. the problem with liquidity is that it drives valuation upwards without any subject matter trade in common fundamentals of the company. it's important for lengthy-term traders to select the appropriate stock at an even price to make chance-to-reward ratio more beneficial in the long run. We spoke to various analysts on how can investors’ maximise their return by way of warding off thes...

The rupee used to be trading susceptible at sixty four.93 as the buck won power overseas. forex dealers said that increased demand for the united states forex from importers and the buck’s positive aspects towards different currencies in another country put pressure on the rupee. then again, a higher opening in the home equity market capped the rupee’s losses, they said. The domestic unit opened a tad sturdy at sixty four.ninety on the Interbank overseas change market these days. then again, it weakened to 64.99 because of strengthening of greenback towards different currencies in another country. It hovered in a spread of sixty four.99 and 64.88 before quoting at sixty four.93, down 2 paise at eleven.10 am local time. the day gone by, the rupee had marched to a brand new 17-month excessive of sixty four.ninety one. This was once a level not seen considering that October 2015, as speculative merchants and exporters resorted to heavy selling of the dollar. ...

Markets focused on what is expected to be a third rise in U.S. interest rates since the financial crisis later on Wednesday, while there was also relief in commodity markets as oil pulled out of a six-day dive. The dollar slipped against the euro, the yen and the pound after a near 3 percent gain over the last five weeks, while U.S. bond yields hovered at just under 2.6 percent and gold rose for the first time in three days. "We are estimating three Fed rates hikes this year, we have seen some talk that they might be a bit behind the curve and four might be on the table but we don't think that is the case," Kully Samra, UK Managing Director at Charles Schwab, said. New economic projections from the Fed, including its 'dot plot' showing what policymakers expect to happen with rates, and a Janet Yellen press conference will all be key, he added. Oil was the other main market mover, pulling out of a six-day slide that had seen Brent cru...

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Women are indeed hugely under-represented in Indian equity market, and also in global equity markets. But the few women, who manage around Rs 2,00,000 crore of investor wealth on Dalal Street, have been fairly consistent in delivering returns across market cycles, which make them stand out On the International Women’s Day, Morningstar published a brief profile of the best of the best women fund managers from India’s mutual fund industry. According to the report, as much as 18 women fund managers handle schemes either as primary or secondary managers or as heads of equity/fixed income. Morningstar India undertook a short study to evaluate gender diversity in the Indian mutual fund space. They found that women fund managers constitute about 7 per cent of the industry and manage a total of Rs 2,32,000 crore worth of assets out of Rs 17.89 lakh crore asset under management of the mutual fund industry. his is much below global standards, with women being named fund manager...

According to a report in the Economic Times, the market regulator has penned a letter to the Reserve Bank stating that the latter’s intervention without consulting with SEBI was not correct.  The Securities and Exchange Board of India (SEBI) is reportedly not happy with the central bank’s intervention in the HDFC Bank 's February 17 trading case where foreign funds ended up trading in the stock even after the limit was breached. According to a report in the Economic Times, the market regulator has penned a letter to the Reserve Bank stating that the latter’s intervention without consulting with SEBI was not correct. An official with direct knowledge of the letter said that SEBI has also requested for a solution to avoid such instances in the future. Following the letter, officials of both the regulatory bodies met to discuss the issue last week. On February 16, the foreign holding of HDFC Bank went below 72 percent on back of conversions of employee stock ownership plan (E...