Higher Delivery Quantity (16/04/2019)

FDC 542787 14728 166.15
PRSMJOHNSN 2876049 88408 101.15
VSTIND 21292 715 3483.85
JAGRAN 550212 41094 118.10
PNCINFRA 301675 45351 160.40
ABB 143502 21725 1411.65
KPRMILL 27670 5916 576.20
505533 140855 30241 440.05
GUJFLUORO 29479 6626 1059.05

52 Week High Breakout (16/04/2019)

INDIGO 1581.90
SHREECEM 19595.50
IGL 322.55

RBI can reduce rates again


Mumbai-The Reserve Bank of India (RBI) can cut further policy rates by 0.25 per cent in the next monetary policy review. Bank of America Merrill Lynch, an overseas brokerage company, has made such an estimate. This global brokerage house said that this is indicated by the speech by the governor of the Reserve Bank of the ruling party Das. In his address, there was an emphasis on accelerating economic growth. Earlier this institution had said that the Reserve Bank will make the next cut in monetary policy review in June or August. This deduction will depend on the condition of the rain.
Indeed, during the annual meeting of the International Monetary Fund in Washington, Das had emphasized the need to accelerate economic growth while staying below the inflation target. Bank of America Merrill Lynch said in a note that we now expect the Monetary Policy Committee to cut the policy rate by 0.25 per cent on June 7 and bring it to 5.75 per cent. If this happens then it will be a third consecutive time, when the policy rate is cut in the repo rate. Overall the cut will be 0.75 per cent, which is quite large.
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10.51 percent interest on NCD of JM Financial

stock market news

Mumbai- The NCD (Non Convertibable Debentures) of JM Financial Products Limited will open on April 22 and close on May 21. The company will give 10.51 percent annual interest to the investors in this NCD. However, once more subscription comes, the company can close it earlier. This NCD has given CRISIL and IKRA a stable rating of AA. However, before this, some companies are getting interest of 10.75 per cent in NCD and it has a good rating from those companies.
The company officials in Mumbai said that this NCD will be listed on the stock exchanges and its face value is Rs. 1,000. Through this, the company wants to raise Rs 200 crore, but if more subscription comes, then it can be increased to Rs 1,000 crore. That is, the company can take 800 crores more.
Company’s managing director Vishal Kampani told that the company has a diversification product and has a strong credit profile and a good track record of growth and profitability. Also, the profile of good lending reflects its growth and the quality and returns of the assets. The gross NPA of the company has been 0.3 percent till December 2018.
He said that our focus has always been on risk-adjusted profit and continuous growth. This NCD is the next part of our process. The minimum application for this NCD can be Rs 10,000. After that, its multiplier can be applied. There will be different interest rates on different series, which will be between 9.89 percent and 10.51 percent.

Market closes on new record


After the Mumbai-9 sessions, the market has set a new record level on Tuesday. The Sensex has closed very close to 39300. At the turn of the business, the BSE 30-share index Sensex climbed 369.80 points, or 0.95 per cent, to close at 39,275.64. On the other hand, NSE’s 50-share index Nifty closed at 967.80 points, which was 0.83 percent higher at 11,787.15.
Banking stocks also saw strong buying today, which led to the close of close to 1.5% of the bank nifty. Mid and small-cap shares also saw purchases. BSE’s Midcap Index closed 0.15 percent higher at close to 15520. Smallcap index was up 0.4 percent to close at 15170. Oil and gas stocks also saw good shopping. BSE’s oil and gas index closed with an increase of 0.9 percent.
Although the share of public sector banks has closed down, but private banks have seen strong purchases. Nifty’s private bank index closed with an increase of 1.7 percent. In the business, good buying was seen in auto, financial services, FMCG, metal stocks. Nifty’s Auto index closed 0.8 percent, Financial Services Index 1.02 percent, FMCG Index 0.6 percent and Metal index rose 0.3 percent.
However, in the business, Realty, PSU Bank and IT stocks have disappointed the market. The Nifty’s realty index closed 1 percent and the IT index 0.2 percent weakened. IndusInd Bank closed with 3.96 per cent and ICICI Bank surged by 3.58 per cent. ONGC, LT and Maruti were among the top gainers, while Infosys, Tata Motors and Powergrid were among the worst performers.