Daily Archives: Friday April 5th, 2019

Higher Delivery Quantity (05/04/2019)

TCNSBRANDS 254863 19355 802.30
SOMANYCERA 231038 30669 435.50
JKCEMENT 229030 46043 860
PRESTIGE 4097554 1062315 255.85
KNRCON 108532 28483 251
JCHAC 9880 2752 2026.95
GPPL 358816 102933 94.95
NAVNETEDUL 81210 23865 109.10
LINDEINDIA 61233 18554 463.65

52 Week High Breakout (05/04/2019)

HDFC 2059.20

Gold prices climbed

28063414 - gold ingots isolated on white background

Gold and silver prices have gained momentum in Mumbai-Friday trade. At the end of the day’s trade, gold rose to Rs. 32,770 per 10 grams with a surge of Rs. 100. Gold prices have risen due to increased buying by local jewelers.
According to the All India SARFA Association, silver prices were also seen on the lines of gold. Silver has climbed by Rs 200 to Rs 38,530 per kg in business. The reason for the rise in silver prices has been rising from the industrial units and coin makers.
Traders say gold prices have risen due to the increase in demand from local jewelers, although the prices in the overseas market did not pick up much due to weak trend. In the international market, gold declined in New York at $ 1,287.98 an ounce and silver at $ 15.13 an ounce. In the national capital Delhi, 99.9 percent and 99.5 percent purity gold closed at Rs 32,770 and Rs 32,600 per 10 grams, with a jump of Rs 100.

Seven consecutive weeks rally in the market

Stock Market Trading Education Kanpur

Seven consecutive weeks rally in the market
Mumbai-Indian stock market remained steady for the seventh consecutive week. Nifty closed with the fastest seventh week. On the weekly basis, the longest rally was seen in Nifty after January 2018. This week, Tata Motors, Bharti Airtel and Maruti Suzuki are the biggest contributors. At the turn of the end, the BSE 30-share index Sensex climbed 177.51 points, or 0.46 per cent, to close at 38862.23. On the other hand, NSE’s 50-share index Nifty closed at 6765.95 with a rise of 67.95 points, or 0.59 percent.
Housing finance companies also got a strong action look. In F & O’s top 5 trade, 3 shares belong to this sector. Ken Finn Holmes reached the highest level after July. Real estate shares have also been strengthened. Almost all the shares ran in the Nifty Realty Sector Index.
In today’s business, strong gains were seen in the mid-and small-cap shares, with giant stocks. BSE’s mid-cap index was up 0.63 percent and the smallcap index climbed 0.72 percent. Oil and gas shares also saw good buying, which led to the BSE’s oil and gas index climbing up 0.9 percent.

Due to good purchases in private bank stocks, the bank nifty has managed to stay above 30000 with an increase of 0.60 per cent. However, due to the pressure on PSU banks in the last hour of the business, the PSU bank Index of Nifty closed in the red mark with a weakness of 0.70 per cent. The Nifty’s private bank index closed at an increase of 0.89 percent.
There was a sharp rise in IT, metal, auto and realty stocks. Nifty’s IT index closed 1.13 percent, Metal index was up 1.97 percent, Auto index was 0.33 percent, and Realty Index surged by 1.32 percent. However, today’s business has seen weakness in FMCG and PSU bank shares. The Nifty’s FMCG index closed 0.45 percent with weakness.

Axis Bank Removes 50 Managers

stock market news

Mumbai: Ace Bank, the third largest private sector bank in the country, has shown a way out of middle-level 50 managers. All of them were employed in the corporate and retail banking of the bank. This move by the new managing director Amitabh Chaudhary has stirred up the employees.
In January this year Amitabh Chaudhary took over the bank and since then he was planning to reduce the expenses in the bank. During his inspection, he decided that it was better to remove these 50 employees. The bank has spoken to all these people that they look forward to any of their jobs.
Recently, the Axis Group has prepared a brand named “Forest Axis” and has brought all the units under the same banner. According to this, employees of the bank can go to mutual funds or they can go to Axis Capital or both of them can go to vacant vacancies in the bank. That is, in total, the employees of any unit can go to any vacancies. However, that should be his qualification for that position.
According to sources, some employees of the bank have already opted for retirement and the layoff of employees is not a part of this scheme. Chaudhary is actually focusing on lower risk and higher growth and for this reason they are taking such a step.