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Higher Delivery Quantity (20/03/2019)

CARBORUNIV 1975654 56432 358.75
APLAPOLLO 113685 9540 1405.90
SHRIRAMCIT 18556 1594 1795.30
PHOENIXLTD 211755 21411 681.55
INDOSTAR 241802 30319 349.50
CERA 47615 6292 2698.05
JKLAKSHMI 227189 30029 342.20
RNAM 1154636 163038 195.05
GESHIP 206209 31067 286.40

Tremendous speed in the market


After the Mumbai-dull startup, the market has gained momentum in the last one-and-a-half hours. There was a steady increase in the market for the seventh consecutive day. At the end of the turnover, BSE’s 30-share index Sensex closed at a high of 268.40 points i.e. 0.70 per cent, at 38363.47 level. On the other hand, NSE’s 50-share index Nifty closed 70.20 points, ie 0.61 percent, at 11532.40 level.
Nifty has managed to close across 11,500 in the business. Bank Nifty also saw a great shopping today. Government banks rise most today In addition, Reliance, Axis Bank, PFC and REC were also kissing new peaks.
Even mid-caps and smallcap stocks were seen in shopping today. BSE’s mid-cap index closed at a level of 15220.06 with an increase of 0.52 per cent. At the same time, the smallcap index closed at a level of 14873.36 with an increase of 0.37 percent. BSE’s oil and gas index closed at 1.06 per cent higher on the strength of strong buying in oil and gas shares.
In spite of the lack of hostile takeover in MindTree, there was a weakness in both MindTree and L & T shares. At the same time, in the hope of recovery of immersed debt, government bank shares ran a lot In today’s business, SBI, Kenrabank, PNB, Union Bank and Bank of India got a boost of 2 to 8 per cent.

Hero Moto, Bajaj Auto and Eicher Motors today are under pressure due to reports of production losses. Companies will reduce production by 15% by March, companies have inventory of more than 90 days.

Anil Ambani Group’s companies bounce in stocks


After the payment of Rs 550 crore dues to Ericsson, the shares of Anil Ambani group companies have been tremendous.
Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Power, Reliance Home Finance, Reliance Naval and Reliance Nippon Life Asset Management, after paying Ericsson’s dues on behalf of Reliance Communications (RCOM) on the day before the highest court fixed deadline. Stocks have risen sharply.
On Tuesday, with a tremendous 10 per cent surge, RCom’s stock got an additional circuit. Shares of Reliance Infra, Reliance Power, Reliance Home Finance, Reliance Capital, Reliance Naval and Reliance Nippon Life Asset Management have risen up to 5 per cent.
Delivering Reliance Communications Chairman Anil Ambani the contempt of contempt, the Supreme Court had ordered payment of arrears of Ericsson’s outstanding amount of 4,330 million within four weeks of four weeks. The court had said that if he fails to do so, he may have to go to jail for three months.

Houses will be reduced from April 1

Sensex ends down

The Mumbai-based commodity and service tax (GST) council has cleared the plan to implement the rate cut system for the real estate sector in Tuesday’s meeting.
After the meeting, Revenue Secretary, A.B. Pandey said that necessary time will be provided for the developers to come under new arrangements by talking to the states. The meeting discussed the implementation of the new system of reduction in rates for real estate sector and other issues related to it.
In the last meeting on February 24, the rate of GST was reduced to one percent for five percent and affordable housing for the under construction flats. New rates will be effective from April 1.
At present, the GST rate is 12% for the payments made for flats under construction, as well as the provision of input tax credit (ITC). This system is also for such ready flats, for whom the compliance certificates have not been issued at the time of sale. Now the GST rate is 8% for the residential unit coming in the affordable category.

Can not reduce LIC in IDBI stake


In the matter of reducing the majority stake in the Mumbai-IDBI Bank, Life Insurance Corporation (LIC) can take help from the Finance Ministry and it can keep its 51 per cent stake.
Indeed, the country’s largest life insurer LIC has been asked to bring 51 per cent of the recently bought shares in IDBI Bank in 3-5 years to bring it to 15 per cent, due to which its ownership will go. LIC is likely to suffer losses.
According to insurance regulator IRDA guidelines, no insurance company can hold more than 15 percent stake in a listed company. There is no permission from the Reserve Bank to hold promoter’s stake in more than 15 per cent of a private sector bank. In the case of IDBI, both regulators had approved LIC under special arrangement. But now both are in favor of reducing it.
Let us know that earlier in the institutions like ITC, Corporation Bank, LIC has more than 15 percent stake and many times LIC has not reduced the stake even after the dispute. Similarly, in the case of IDBI, it can take help on the matter of reducing stake from the Finance Ministry.
Recently, IRDA Chairman Subhash Chandra Khuntia had said that we will set the deadline for LIC to reduce stake in IDBI Bank. We have asked LIC to make an offer about this. After that we will decide on this. According to sources, it is not possible to reduce the share of 51 per cent in a few months. It will take a long time. Now the regulator has to decide on it.
The decision on deadline could affect the price of IDBI Bank shares. Hence, Irda had asked the LIC to give a proposal about reducing stake. In June last year, IRDA had given permission to LIC to buy a 51% stake in IDBI Bank, which is in debt trapped with debt burden. LIC has deposited Rs 14,500 crore in the bank on December 28 and on January 21 after it has provided 5,030 crore rupees. In December 2018 quarter, the bank’s losses have tripled to 4,185.48 crore. This loss was Rs 1,524.31 crores a year ago.