Daily Archives: Friday March 8th, 2019

Higher Delivery Quantity (08/03/2019)

LAURUSLABS 1336483 10625 350.15
533033 20991 1756 5358.85
AKZOINDIA 31545 4010 1711.20
INDOCO 58251 9092 184.95
RATNAMANI 27933 4809 878.05
MASFIN 34041 7057 557.95
ATUL 35742 9463 3330
MAHLOG 62370 16712 495.70
SCHAEFFLER 14272 5078 5500

52 Week High Breakout (08/03/2019)

ALBK 57.60
PIIND 989.05

60 million target of online broking Avighna trades

stock market news

Mumbai-Avignna Trades, a service provider in discount broking and equities, F & O and commodities established in year 2018, aims to generate revenue of 60 crores by 2022. During this period, the company has planned to increase the number of its subscribers to 3,00,000.
Company founder and managing partner Shivendra Faujdar told that the company is getting better due to adoption of better technology and customer-oriented approach. Originally on-line discount broking company Avigna Trades is established as a startup, but the company has been performing well since its inception. Avigna is basically a Sanskrit word, which means to work without interruption.
Shivendra Faujdar has a deeper experience of more than 12 years in securities, insurance and banking industries. While working in banking, he realized that customers are being charged for large amount of broking services and there is no good result. At the same time, they also saw that the brokerage industry is dominated by traditional brokers and they own 80 percent market share.
Based on this, they started online trading and they studied the opportunities and possibilities present in the industry in depth. According to trends, they felt that technology can change this industry and keeping it in mind, they researched the number of pan holders and the number of demat holders. They came to know that the number of demat holders is quite small compared to the number of PAN holders. Their effort is to facilitate customers easily through online business.
They say that cost-effective and easy broking solutions can be provided on the basis of technology and on the same route, the web and mobile platform are being used by the business. The company charges a mere 0.01 per cent for Indra Day, futures and delivery based transactions, while charging a fee of 21 rupees per transaction in the Opposition.

Gold prices rise

28063414 - gold ingots isolated on white background

MUMBAI: Gold prices have seen an upward trend in the last trading day of the week, stopping the last several days. Gold closed at Rs 33,270 per 10 gram with a rise of Rs 200 to end at the day’s trade. According to the All India SARFA Association, due to fresh purchases in bullion market, gold prices have gained momentum.
Like gold, silver prices have seen an upward trend in today’s business. Silver in today’s trade has closed at Rs 39,100 per kg with a jump of Rs 120. Due to the rise in silver prices, it is getting stronger due to industrial units and coin makers.
Traders say that China’s business figure is showing a declining position, which reflects a weak global outlook, that is why jewelers have better understood buying gold considered safe. Besides, strong global cues also supported the rise in gold prices.
Globally, gold in New York rose steadily at $ 1,290 an ounce and silver at $ 15.08 an ounce. In last 6 sessions, gold has shown a decline of Rs 1,130. In the national capital Delhi, 99.9% and 99.5% purity gold closed at Rs 33,270 and Rs 33,100 per 10 grams, with a jump of Rs 200.

Closes with market downturn

Sensex ends down

Mumbai: After the week-long rally, market pressure came on the last day of the week. After the closure of the green mark for 4 consecutive days, this fast was stopped. At the end of the turnover, BSE’s 30-share index Sensex closed at 36671.43, down 54 points, which is 0.15 per cent. On the other hand, NSE’s 50-share index Nifty closed at 225.80 points i.e. 0.21 percent with the weakness at 11035 level.
Bank Nifty also closed in the red mark due to the sell-out in PSU banks. At the same time, the market did not get support from mid and smallcap too. In the business, there was a weakness in small and medium stocks as well as with gains. BSE’s mid-caps index closed below 14805 with a weakness of 0.08 per cent. At the same time, the BSE’s Smallcap Index closed at a low of 14530 with a weakness of 0.08 per cent. Oil and gas stocks also came down today, BSE’s oil and gas index fell by 0.20 percent.
Bank shirts today slipped, Bank Nifty closed 0.01 percent down at 27,761.80. PSU banks are under pressure to sell However, private banks showed marginal rise. Nifty’s private bank index closed with an increase of 0.02 percent. While the PSU bank index closed with a weakness of 0.50 per cent. Tata Motors was down 4 per cent, while NTPC was up 4 per cent. Bajaj Auto, Bajaj Finance and Sun Pharma are top losers. While HCL Tech, Tata Steel and Vedanta are the top losers.