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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, ...

Gold prices edged up on Friday and were on track for their biggest weekly gain since mid-April as the dollar eased amid lingering political turbulence in the United States.In the previous session, the metal snapped a five-day rally and slipped 1.1 percent on profit-taking, its biggest one-day percentage drop since May 3. "The gold rally was overdone and there was a correction on Thursday. But perhaps, it came down a little too much from the highs of yesterday. So people started to pick up again," said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore. "People are still wary of geo-political risks and not selling the safe-haven asset yet."Spot gold was up 0.4 percent at USD 1,250.96 per ounce, as of 0819 GMT. It climbed 1.9 percent for the week and is set for its biggest weekly rise in five.US gold futures slipped 0.1 percent to USD 1,251.10 an ounce. The dollar index, which measures the greenback against a basket of six major ...

After rising for three days, gold prices softened by Rs 30 on Tuesday to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local jewellers even as the metal strengthened overseas, helping cap a further decline. New Delhi: After rising for three days, gold prices softened by Rs 30 on Tuesday to Rs 28,600 per 10 grams at the bullion market here due to fall in demand from local jewellers even as the metal strengthened overseas, helping cap a further decline. Silver, however, gained Rs 400 to Rs 38,900 per kg due to increased offtake by industrial units and coin makers.Marketmen said easing demand from local jewellers and retailers at existing levels weighed on gold prices but a firm trend overseas capped the fall.Globally, gold rose 0.32 percent to USD 1,234.30 an ounce. Silver too traded 0.60 percent higher at USD 16.70 an ounce in Singapore. In the national capital, gold of 99.9 and 99.5 percent purity fell by Rs 30 each to Rs 28,600 and Rs 28,450 ...

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