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until the principles of trading in futures and choices completely, that you must end up working big losses, as Chirag Gupta, a 27-yr-previous day trader just lately did. imagine investing about Rs 11,250 in the inventory market and getting a return of Rs 6.08 lakh in a span of five minutes. however when the dealer sends you the contract word, the securities transaction tax (STT) for the exchange is over Rs 24 lakh -- almost four times the profit -- and it is not a printing mistake. It took place with 27-yr-old management pupil Chirag Gupta. When about five minutes had been left for the markets to close, Gupta noticed that he might purchase Nifty call options at 5 paise per unit and make a revenue of around Rs 2.75 a unit. He bought options that Nifty will close above 8,600 and it closed at eight,602.75. Gupta bought all of the Nifty quite a bit (three,000) he could within the short span of time. One Nifty lot has 75 units. Later, he realised that his dealer ha...

Silver prices went up by way of Rs 296 to Rs 42,498 per kg in futures trading today as members widened their positions, monitoring a firm pattern in world markets. at the Multi Commodity alternate, silver for supply in may just used to be trading greater via Rs 296, or zero.70 per cent, to Rs forty two,498 per kg, in a trade turnover of 746 rather a lot. in a similar fashion, the white metal for delivery in a long way-month July used to be up by using Rs 268, or zero.sixty three per cent, to Rs 42,953 per kg in 29 lots. Analysts enlarged their positions in tandem with a firming trend in international markets where silver has rallied as endured geo-political tensions raised the metals appeal as a secure haven, influenced silver futures here. Globally, silver rose zero.seventy one per cent to USD 18.46 an oz. in the big apple the previous day. PTI sun KPS ADI MR VISIT - Profir street

The board of retirement fund body EPFO is more likely to approve the notion to increase its investment in stocks to fifteen per cent of investible deposits in 2017-18, from the present 10 per cent. "The investment within the alternate Traded funds (ETF) will also be raised to fifteen per cent of the investible deposits in a CBT assembly scheduled the next day to come," a supply stated. The relevant Board of Trustees, the apex decision making physique at EPFO, had deferred a call on the concept to extend exposure in ETFs in its ultimate assembly on March 30. The retirement fund physique invests part of its investible deposits in shares via ETFs. The supply said that the revised agenda for the meeting contains the status report on the ETF funding through the EPFO. "whereas offering the standing report back to trustees, the idea to support the investments in the ETF would be mooted and is more likely to be approved the next day," the supply introduced. The b...

Asian stock markets are likely to gain up to 20 per cent between now and December finish, suggests a survey via credit Suisse. The survey that covered 2,500 institutional investors, hedge dollars, HNIs preserving over $18 trillion belongings and 330 companies from 15 international locations, along with popular policy makers and political leaders, confirmed China and India are two most chubby bets within the Asian area. “inside the Asia Pacific region, the survey individuals selected three nations as their most obese picks: India, China (H-shares) and China (A-shares) - cumulatively accounting for around 52 per cent of total votes. The latter has seen a reversal of fortunes, being probably the most heavily underweighted market remaining 12 months. India and China-H, on the other hand, had been in the prime four overweight nations in remaining two surveys,” it mentioned. On the flip aspect, Pakistan, Malaysia and Australia have been among the many markets on which buyers were pr...

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...

Asian shares edged up on Wednesday, helped by way of a soar in chinese shares, though investors held off from making big bets before a extremely-expected summit between U.S. President Donald Trump and his chinese counterpart Xi Jinping gets underway on Thursday. European stocks have been set to practice Asia's regular lead with index futures pointing to a moderately greater start. chinese language development shares had been among the prime gainers after Beijing on Saturday introduced plans to construct Xiongan New space, modelled on the Shenzhen special financial zone next to Hong Kong that helped kickstart China's economic reforms in 1980. "it is a very headline-pushed market and the only supply of optimism is the new economic zone information over the weekend - however that is not going to be sustainable," said Conita Hung, an independent market strategist in Hong Kong. Shares in additional than 30 listed companies viewed prone to benefit from the ne...

The Nifty50 index reclaimed the psychological degree of 9,100 in morning exchange on Tuesday with Asian markets offering a positive backdrop amid sustained overseas inflows. because the starting of this month, foreign portfolio traders have pumped in just about Rs 23,000 crore into the home equity market until March 27 in opposition to inflows of Rs 9,902 crore within the preceding month. lots of the market specialists consider that the GST roll out is more likely to be the next big positive for the market. they are saying that Indian economic system at the moment is much more resilient, hence earning improvements are prone to happen. The 30-share BSE Sensex was once trading above the 29,400 stage in morning deals on Tuesday.  VK Sharma, Head-personal consumer group (PCG), HDFC securities said, “we think Nifty to the touch 10,four hundred by March 2018 as a result of plentiful liquidity with local and international institutional investors. we expect 20 per cent ...

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 21.50 points at the opening bell, says Maximus Securities. Maximus Securities’ Daily Report: F&O Outlook: Nifty PCR-OI has increased to 1.11 from 1.08. The rise in the ratio may be due to increase in PE of 8400 and decrease in CE of 9100. PE of 9100 and CE of 9200 are the highest number of contracts traded. Opening for the Day: Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 21.50 points at the opening bell. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Author :  Profit Street

Shares of Hindustan CompositesBSE 11.sixty four % zoomed 20 per cent in Thursday’s alternate after the corporate knowledgeable stock exchanges that its board will meet on April 10, to consider and approve stock split and bonus issue of shares. Following to the announcement, the stock rallied 20 per cent to hit a high of Rs 1,908, prior to taking flight slightly. The inventory hit a 52-week high of Rs 2,119 closing year in September. In a submitting to BSE, the company stated it will consider and approve additional problem of shares by means of bonus shares. The meet will believe the sub division of face worth of equity shares i.e. stock split, the company mentioned. it'll additionally “consider looking for approval of the contributors of the company via postal ballot course of for the above referred gadgets, if authorized.” the company has said a 37.7 per cent YoY leap in web profit to Rs 12.08 crore in the December quarter on 26 per cent YoY upward push i...

"The bank is open to selling its stake in the firm. We have not decided on the amount or time of the stake sale," MD, Usha Ananthasubramanian told the newspaper.  Punjab National Bank (PNB) is looking to sell 7 percent of its stake in its mortgage arm PNB Housing Finance . Two officials familiar with the development told the Economic Times that the public sector bank has received interest from some players and private equity investors.           "The bank is open to selling its stake in the firm. We have not decided on the amount or time of the stake sale," MD, Usha Ananthasubramanian told the newspaper. PNB currently holds a 39 percent stake in the housing finance company. At yesterday's closing price, 7 percent stake on PNB Housing Finance could fetch around Rs 1,200 crore. "We have had some early discussions.              There is a lot of interest as PNB Housing has a great portfolio...