Monday 26 December 2016
Wednesday 14 December 2016
Mistakes to Avoid When Day Trading
There are many mistakes you can make when trading but some
mistakes come into sight more or are worse in Day Trading. You cannot keep away
from taking losing trades but you can avoid making mistakes or at least keep
them to a minimum.
Many Day Traders
Feels They Need to Be In A Trade All the Time
Just for the reason that you are a Day Trader and thereby an
active trader does not essential mean you have to have one or more positions on
every minute of the day. Many traders feel the require to trade as soon as the
market opens and all the way to the closing bell. Successful Day Trading does
not include trading on “speed”. You still have to stalk your trade. Follow your
rules and strategy and stay patient and wait for the right setup which is the
high odds trade. Do not make mistake of thinking Day Trading means “be in
trades all day”!
Trading Around News
A Day Trader is more susceptible to news during the day.
This is because a Day Trader has a lot tighter stop than a swing trader or long
term trader. So just for the reason that you used to hold during news when you
were swing trading does not mean you can do the same when Day Trading. There
are many kinds of news during the day that can move a stock or future, enough
to stop you out at your tight stop loss. This could be a Fed announcement, ISM
numbers etc. So a mistake to avoid is Day Trading around news as the price
spikes will likely stop you out resulting in a loss.
Another mistake Day Traders often make is not showing up to
“work” prepared. Just because you are a Day Trader does not mean you shouldn’t
work outside the opening hours. A Day Trader should always prepare his trading
day with, at least, the most important things such as support/resistance levels
and what news is coming out that day.
These are only a few of the mistakes that Day Traders make
but be careful and avoid making the same mistake twice.
Sunday 27 November 2016
Tuesday 22 November 2016
Tuesday 15 November 2016
Govt to use indelible ink to crack down repeated exchanges at banks, not ATMs withdrawal
Government has taken some more practical measures to manage
the rush at banks, and plans to use indelible ink marks as used in election
voting, to crack down on cheats and others being used for carrying out multiple exchanges.
The use of indelible ink, or a semi-permanent ink or dye
that is applied to the forefinger (usually) of voters during elections in order
to prevent electoral fraud such as double voting, will be used only at the cash
counters, and not at ATM withdrawl.
Economic Affairs Secretary Shaktikant Das, on Tuesday,
announced that the move is aimed at reducing large crowds at bank branches
leading to long waiting hours for cash withdrawal and discouraging people who
are standing in the queue multiple times in order to convert black money into
white.
"The reason for long queues at banks and ATMs is that
the same people keep coming again and again at different places. We have
received reports that many people are trying to convert black money into white
and they have organised groups of people and are sending them to exchange
money," Das said at a news conference.
"To solve this problem, we have decided to use
indelible ink marks, similar to elections, at cash counters... This will start
today in major cities," he said.
He also appealed to people not to believe on rumors doing
round on social media.
"Lots of false stories on social media. I appeal to
everyone, not to believe such stories on social media and they suddenly create
panic, and it is not a desirable thing", said Das.
He said that there is enough cash available in the system,
and enough stocks of essential commodities, "there is no need to
panic".
He also said that government is trying to popularise
cashless economy.
A Special Task Force has also been set up to monitor
movement of fake currency in the market, he added. He also urged places of
worship, who receive smaller denomination notes, to deposit them in banks so
supply of these notes increases. Das added that government was also keeping
close watch on Jan Dhan Accounts which have suddenly seen surge in cash.
Wednesday 9 November 2016
Monday 7 November 2016
Oil prices steady ahead of election, but oversupply still weighs
Oil prices were stable early on Tuesday after posting strong
gains the previous day, with investors piling money into financial markets in
expectation that Democrat Hillary Clinton would win the US presidential
election. US West Texas Intermediate (WTI) crude futures were down 1 cent at
USD 44.88 per barrel at 0038 GMT. The contract had gained almost 1.9 percent
the previous session on polls putting Clinton ahead of her Republican
competitor Donald Trump for Tuesday's election.
"Oil appears to have coat-tailed most other commodities
higher, as part of a Clinton-led, broad based, risk asset rally," said
Jeffrey Halley, senior market analyst at brokerage OANDA in Singapore.
"Crude oil prices bounced off key support levels as
investors piled back into the energy sector," ANZ bank said on Tuesday.
In physical oil markets, US pipeline companies with
operations at the heart of the country's commercial oil industry at Cushing,
Oklahoma, restarted on Monday after a 5.0-magnitude earthquake late on Sunday
triggered safety shutdowns.
However, traders said that financial crude markets were
capped by lingering doubts over the ability of oil producers to agree on a
planned output cut in order to prop up a market which has been dogged by two
years of oversupply.
The chief executive of US oil giant Exxon Mobil , Rex
Tillerson said on Monday that global oil supplies have exceeded demand by 1 to
1 million barrels per day since the start of 2015.
India, UK sign agreements on IPR, ease of doing business
India and Britain on Monday signed agreements on
intellectual property rights (IPR) and ease of doing business following
delegation-level talks led by Prime Ministers Narendra Modi and Theresa May
here.
"Advancing business through agreements. The two leaders
witness exchange of MoUs in Intellectual Property and Ease of Doing
Business," External Affairs Ministry spokesperson Vikas Swarup tweeted.
Earlier on Monday, Modi and May addressed the India-UK Tech
Summit here.
This is Theresa May`s first bilateral visit outside of
Europe since she assumed the Prime Minister`s office in July this year.
She took over the prime ministership after David Cameron
resigned following the historic referendum in June in which Britain voted to
exit from the European Union. Cameron rooted for Britain to stay in the EU.
May`s visit comes a little less than a year after Modi`s
visit to Britain in November last year.
May, who arrived here late on Sunday night on a three-day
official visit to India, will also visit Bengaluru on Tuesday.
Saturday 5 November 2016
RBI issues guidelines for forex hedging by foreign companies
Reserve Bank of India (RBI) issued draft guidelines on how
Indian subsidiaries of multinational companies can hedge their currency
exposure risk in the country.
RBI said on Friday that subsidiaries looking to hedge their
exposure outside of exports and imports could do so through all foreign
currency-rupee derivatives, over-the-counter, and exchange-traded products.
It also said profits and losses arising from hedging
transactions in India must be reflected in the books of the domestic
subsidiaries of multinational companies, among other guidelines.
Previously, multinational companies could only hedge
currency risk arising out of transactions involving imports and exports.
The RBI had said last month that it would widen the scope of
activities where hedging was allowed.
Market participants and banks can submit their comments
about the proposed guidelines by Nov. 11, the RBI said.
Private Sector Needs to Invest Big-Time, Says Arun Jaitley
Finance Minister Arun Jaitley today said public and foreign
investment remains intact, but private sector expansion is needed in a big way
to let the economy start firing on all cylinders.
Observing that domestic investment continues to be a
challenge, Mr Jaitley called upon the banking sector to support corporates to
propel growth.
"Indian private sector needs to expand in a big way. It
needs to invest and that's when all engines of economy (will) start
firing," Mr Jaitley said while addressing a seminar on debt recovery
here.
The minister spoke of liberalisation of FDI policies because
of which India has emerged as a preferred destination of foreign investment.
"Foreign investors are getting far greater returns on
their investment here than in any other country," he asserted.
"Public investment and foreign capital on which the
economy is firing are intact... domestic investment is still a challenge."
The minister further said there is a "silver
lining" visible with festive purchases, indicating upturn in rural and
urban demand, but domestic investment will have to pick up in a big way for
which banks need to do their bit by supporting corporates and thus boosting
growth.
'India's Rank to Seriously Improve In World Bank's Report'
India's rank will "seriously improve" in the World
Bank's 'Doing Business' report next year on the back of reforms like GST and
Insolvency & Bankruptcy Code, Department of Industrial Policy and Promotion
(DIPP) Secretary Ramesh Abhishek said today.
In the World Bank's latest 'Doing Business' 2017 report,
India's place remained unchanged from last year's original ranking of 130 among
the 190 economies that were assessed on various parameters. But the last year's
ranking has been revised to 131 from which the country has improved its place
by one spot.
"We have had marginal improvement this year. But if you
see in giving electricity connections, we have moved up 111 ranks in the last
two years and the kind of reforms that we have done in construction permits, in
starting a business and many more that are being done, it will be reflected and
our rank should seriously improve next year," Mr Abhishek said.
Asked what was the basis of his optimism, Mr Abhishek told
PTI: "A new form is coming up, SPICe (Simplified Proforma for
Incorporating a Company Electronically) for incorporating companies so that
will improve the ranking, the Goods and Services Tax, again it will improve.
"Reforms have to be done, plus it has to be felt by the
people and also there are timing issues. All these things will be reflected next
year in a major way".
However, the DIPP Secretary said it was
"difficult" to put a number to India's rank next year as it depends
on how other countries perform.
Addressing a conference to kick off the Vibrant Gujarat
Summit roadshow here, Mr Abhishek said India has a very good macroeconomic
situation in terms of fiscal deficit, inflation, foreign exchange balance and
strong fundamentals.
He added that infrastructure bottlenecks are being addressed
by Government in terms of doubling national highways, significantly augmenting
railways infrastructure and implementing dedicated freight corridors.
"Implementation is being done now in a timely manner
and it is being monitored at the highest level," he said.
Besides, asked about Gujarat slipping to third position in
the World Bank's latest 'Doing Business' report from the top position last
year, the state's Chief Minister Vijay Rupani said his Government was committed
to improve Gujarat's position in the coming days.
Asked about his views on the four 4-tier tax structure of 5,
12, 18 and 28 per cent decided by the Goods and Services Tax (GST) Council,
Rupani said he believes the indirect tax regime will be implemented nation-wide
in a smooth manner.
He invited investors to participate in the Vibrant Gujarat
2017 Summit to be held from January 10-13.
Tuesday 18 October 2016
What to Look For in a Technical Analysis Course?
People, who are thinking of learning technical analysis,
might be trying to figure out where to begin. Whenever you review the different
technical analysis courses and the plethora of tutorials available in the
market, you need to ensure that it is dealing with these main concepts.
Chart styles
These are the first things to be considered. Is the
technical analysis course encouraging you to use stick chart, candle chart or
line chart? Different styles can have different strengths but most of the
times, technical analysis will make use of candles or OHLC (sticks). In such
cases ensure that you learn the basic principles of each one and then delve
into the proper chart style.
Once you are confident that you know how to read stocks, you
can then move on to master stock trends. To locate these trends, you will have
to learn the basics of supports, trend lines and resistances. All these are
rather analogous and most of the traders admit that they are critical when it
comes to reading charts.
Indicators
Once this is done you will have to examine and comprehend
the different kinds of technical analysis indicators. Quite a few types of
indicators are available out there so it is pretty easy to get lost in the
topic and get confused. You can avoid this confusion by sticking to learning
the key indicators in order to start off before going to the more advanced
ones. If you are able to become adept at the common indicators being used by
most traders, it is likely that you will be far ahead of the curve.
Chart patterns
When you go further into the study of technical analysis
during a technical analysis course, you will need to get training on the
concept of chart patterns. This is because technical analysis is quite
dependant on many different patterns, because they indicate an approaching
shift in the charts. Stock chart patterns are the key for any course on
technical analysis will be tactic if you employ a lot of them when you are
trading. There are a number of different chart patterns, but you need to read
and learn about the essentials and later is would be intelligent to work on
looking out for some of them by searching through real live charts.
The final steps
Finally when it comes to putting it all together, you will
have to study a few strategies of technical analysis. These strategies are a
mix of the factors mentioned here earlier which in turn help to create a
rational strategy. In fact there are a number of different strategies available
for the enthusiast, but some of these strategies are quite specific and well
liked ones that a number of traders use to produce income again and again. If
you put into practice a few of these basic and lucrative strategies from a well
regarded source, then you can be sure that the course on technical analysis
that you have opted for is the right one.
Technical analysis course should cover the basics of
technical analysis, like chart styles, indicators chart patterns etc. The final
step that you need to cover in a good course is the strategies that you have to
formulate in order to trade successfully in the market.
Tuesday 11 October 2016
Saudi Arabia Sees Its Oil Reserves Lasting Another 70 Years
Saudi Arabia, the biggest oil exporter, sees its crude
reserves of 266.5 billion barrels lasting 70 more years and hasn't sought an
independent consultant to review the figures, according to a bond prospectus
seen by Bloomberg News.
The nation's wealth is based mainly on oil, with crude sales
accounting for 75 percent of total export earnings, according to the
prospectus. Saudi Arabia plans to sell at least $10 billion in bonds maturing
in five, 10 and 30 years, and it disclosed plans to hold investor meetings in
London, Los Angeles, Boston and New York starting on Wednesday.
The country is seeking funds to shore up public finances
that have been hit by the drop in oil prices to about half their 2014 levels.
At the same time, the kingdom plans to wean itself off dependence on oil for
state revenue by selling part of its state oil company to help develop
industries including auto manufacturing and technology. State-run Saudi Arabian
Oil Co. plans to sell shares to investors by 2018 and is still deciding where to
list the shares, Chief Executive Officer Amin Nasser said in Istanbul today.
"Saudi Aramco disclosing more information on its
reserves is a major step needed before listing its shares," Chris Gunson,
a partner with Amereller Legal Consultants, said by phone from Munich.
"It's one thing to fulfill regulatory requirements, it's another to see
what investors will require to convince them to buy the stock -- they may well
require independent verification."
International oil companies report reserves -- the amount of
hydrocarbons to which they have access and which they can profitably pump -- to
show they're finding enough new deposits to replace the crude they're selling.
Saudi Arabia's reserves are the world's second largest after Venezuela's,
according to BP's annual statistical review. Saudi Aramco would be an anomaly
among listed oil companies since its reserves make up the bulk of a single
country's oil.
Saudi Aramco will open its financial data for investors,
Nasser said today. The company is evaluating listing shares on stock exchanges
including those in New York, London and Tokyo, he said.
The kingdom could sell stakes either in Saudi Aramco, which
held about 261 billion barrels of total Saudi reserves, its subsidiaries, or
both, according to the prospectus. The Saudi methodology for calculating its
reserves may differ from that used by other producers or U.S. securities
regulators, according to the prospectus.
In the U.S., the Securities and Exchange Commission
regulates reserve calculations made by companies that are publicly traded in
the country. Companies are not required to have a third party audit their
reserve data, according to rules posted on the SEC website.
Sunday 9 October 2016
Friday 7 October 2016
Reasons Why Most People Do Not Succeed In Forex Trading Online
Forex trading has a lot of potential for profitability. It
can be done any time of day or night, so you can do it on part time basis if
you are employed. You just need to have a computer, internet connection as well
as an understanding of the fundamentals that the whole process involves. But
just like any other business, forex trading requires commitment and discipline.
Before you even think of trading with real money, you need to take your time to
understand everything about it to reduce the chances of making erroneous
decisions that could cause you to lose your money.
One of the reasons why most people who start forex trading
online fail to be successful is that they do not focus on the important things
when they are trading. In order to be successful in this market, you need to
focus on the economic calendar, charts, as well as any other information that
might have an effect on the price of the currency pair that you are trading.
You will need to make the price chart your most important friend because it has
all information that will help you make the right choices when trading in this
market.
Most people also fail to be successful in forex trading
online market because they focus on too many currencies. If you want to
increase your chances of being successful, you will need to evaluate different
currency pairs and then choose one that you can focus on. For instance, if you
find the EUR/USD pair to be favorable to you, you should focus on it and forget
about the rest. Focusing on one currency pair will increase your chances of
making the right trading decisions because you will have less information to
deal with.
Another reason why most people fail to attain the success
that they had hoped for when they join the forex trading market is having poor
risk as well as money management techniques. This market is very volatile, and
just a small change can cause you to lose a lot of money. It is therefore
important to put into place risk management strategies that can help you avoid
losing your money. You need to know when to use stop loses so as to put a limit
to the money that you can lose at any particular time. It is also very
important to be cautious about the money that you expose. You should never
invest money that you cannot afford to lose especially if you are new to the
business.
Other people fail to become successful in the forex trading
online business simply because of the brokers that they work with. One thing
you need to know when joining the forex market is that not all brokers are the
same. They usually have different rules and strategies, and there are some
conniving ones who are out there just to get their hands on people's hard
earned money. Before you choose a broker, you need to carry out a detailed
background research on them and determine if they are reliable.
Wednesday 5 October 2016
Tuesday 13 September 2016
Thursday 8 September 2016
Understanding Fundamental Analysis | Dhanashri Academy
Stock
Market Fundamentals - Understanding Fundamental Analysis
A lot of people like to talk about getting back to basics
and making stock market investing as simple as possible, so that more people
can feel confident about participating. Although you're probably a little
overwhelmed by all the terminology and strategy that is involved with making
smart decisions in the stock market, it's important to remember that much of
the success that experienced investors enjoy is simply a result of them being
able to restrain their emotion and allow common sense to guide their decision
making. Of course, investors also get a little help from stock market
fundamentals.
If you pay attention to any of the television stock picking
shows, or online analysts, you'll hear them constantly referring to the strong
fundamental attributes of a certain security. It's important for you to know
what they mean by this, and how important stock market fundamentals are in
relation to other attributes, because some analysts will swear that technical
merits of a certain stock are the only thing that matters, and you should just
ignore the fundamentals all together. Although you might find these concepts
foreign to begin with, it's important to remember that they are not solid rules
for trading, just techniques that should be combined into your own strategy.
First of all, it's important for you to realize that when
analysts and fund managers are talking about stock market fundamentals, they
are referring to an element of fundamental analysis, which is the method of
evaluating the market by looking for potentially significant factors that can
affect the value of the stock, outside of its current price movements.
Fundamental analysts don't pay any attention to the trading patterns of the
stock, but are instead concerned with outside influences that might be more or
less predictable.
Researching stock market fundamentals means that you are
concerned with creating an entire profile of the company itself in your mind,
from employee experience to financial history. By assembling all these
potential factors in their rightful place, investors can start to understand a
realistic image of the value that the public and market will associate with the
company's stock. The most important elements that a fundamental analyst will
focus on include: cash flow, potential return on assets, conservative gearing,
the history of profit retention as a basis for funding future growth, and
finally, the soundness of capital management so that shareholder earnings and
returns can be maximized.
TCS Adds To IT Sector Gloom, Shares Slump On Cautious Commentary
Tata Consultancy Services (TCS) shares dropped as much as
6.4 per cent on Thursday, after the Mumbai-based IT major said it is witnessing
"sequential loss of momentum" in the key banking, financial services
and insurance (BFSI) vertical.
"Based on data at the end of August 2016, the company
has characterized customer outlook as one marked by abundant caution, with some
holding back of discretionary spending, particularly in the BFSI vertical in
the US, resulting in sequential loss of momentum," said TCS in a statement
to the Bombay Stock Exchange.
BFSI is TCS' biggest vertical, accounting for over 40 per
cent of revenues. More clarity about TCS' outlook will emerge after India's
biggest outsourcer updates investors on business trends next week, the company
said.
TCS refrained from issuing a profit warning like mid-tier
Mindtree did last week, but the selloff indicates that investors are not
willing to take chances with IT stocks that have been under severe pressure,
following Infosys' downward revision of its sales outlook in July. (Read)
All frontline IT stocks, including HCL Tech (-2.2 per cent),
Tech Mahindra (-2.3 per cent), Infosys (-1.8 per cent) and Wipro (-1.9 per
cent) traded lower, tracking the selloff in TCS.
TCS had outperformed in the June quarter, with constant
currency revenue growth rising 3.1 per cent sequentially and EBIT or operating
margin of 25.1 per cent in Q1. The latest commentary however indicates that TCS
may not do as well in the second quarter, traders said.
"We believe that Q2 growth could be in the 1-2 per cent
range (down from 3.1 per cent in Q1), and a seasonally weak H2 (second half)
could translate into earnings downgrades of 3-4 per cent," said Religare
Securities.
According to Edelweiss Securities, Q2 is a high growth
quarter for TCS and Infosys as both companies clock majority of incremental
revenue in this quarter.
"With lack of momentum in the BFSI vertical
(contributes nearly 40 per cent to revenue) the chances of a strong second
quarter FY17 are dim and will probably drag down TCS' FY17 growth as
well," it added.
Gaurang Shah of Geojit BNP Paribas said TCS' commentary is
not surprising, considering the negative outlook about the IT sector.
India's $150 billion IT sector has come under pressure
because of weak growth in the US and Europe, which together account for 70-80
per cent revenues of big IT companies. Adverse consequences of Brexit have
further added to gloom around the IT sector. (Read)
TCS shares traded 5.3 per cent lower at Rs 2,311.50 as of 3
p.m., underperforming the broader Nifty that was up 0.3 per cent.
What You Need to Know About Technical Analysis of Stocks
If you are planning to invest in the stock market, know that
it is essential to have some background of how this market moves. You can't
just trust your broker to do everything. In fact, you have to know exactly what
you're doing, if you're going to gain anything from your investment. If you're
starting small, the more you should begin educating yourself, and one of the
most important lessons you have to learn is technical analysis of stocks.
What is Technical
Analysis of Stocks?
Technical analysis generally involves looking into the
movements of prices in the market and anticipating how they are likely to
affect prices within a specific timeframe. It is, to some extent, a prediction
of how the market is likely to behave within a certain timeframe. However,
technical analysis is not absolute, meaning; any market prediction can fail.
Technical analysis is typically used to manage accounts in stock, commodities,
futures, forex or any other traded instrument where price is largely dependent
on supply and demand. Some analysts though would also consider volume or open
interest figures as important factors. Price in this context is defined as any
combination of open, high, low or close occurring for a certain security over a
period of time, which can be anywhere from one minute to one year or even many
years.
What Goes Into Stock
Technical Analysis?
It is said that there is no single element that is at the
center of stock market technical analysis. In fact, there could be a
combination of three elements, first of which is price. According to experts,
price is pretty much all that is needed to see a market clearly. It is the one
true representative of how market participants, from traders to fundamental
analysts, think price should be at a particular point. Thus, it forms the sole
basis for predicting future market actions. Second, price can be more scientific
than people think. This has something to do with trends being reliable
indicators of where a market is headed, although they remain unbolted as well.
Third, the way price is moving is always more important than why it is moving
that way. Everybody knows that price is the result of supply and demand, so it
is futile to over-rationalize.
Stock Technical
Analysis and the Bottom-line
A technical analyst may use various principles in analyzing
charts, indicators and other concrete facts that point to a particular market
direction. However, it can all be simplified by going down to the basic
requirements for analysis - the price, where it came from and where it's
headed. Even so, technical analysis in stocks can be more accurately described
as an art rather than a science because it is not exact and therefore, not
foolproof. A prediction may be based on actual price movements, but it will
ultimately hinge on the analyst's perception of such behavior. In other words,
even the evaluation of the best technical analysts in the world are not
infallible because there is no real gauge as to whether or not a prediction is
correct until such time that it proves to be correct or not.
Wednesday 31 August 2016
Friday 26 August 2016
Wednesday 10 August 2016
Monday 8 August 2016
Forex Technical Analysis
This article provides insight into one of the two major
methods of analysis used to forecast the behavior of the Forex market.
Technical analysis and fundamental analysis differ greatly, but both can be
useful forecast tools for the Forex trader. They have the same goal - to
predict a price or movement. The technical analyst studies the effect while the
fundamentalist studies the cause of market movement. Many successful traders
combine a mixture of both approaches for superior results.
Technical Analysis
Explained
Technical analysis is a method of predicting price movements
and future market trends by studying charts of past market action. Forex
technical analysis is concerned with what has actually happened in the market,
rather than what should happen and takes into account the price of instruments
and the volume of trading, and creates charts from that data to use as the
primary tool. One major advantage of forex technical analysis is that
experienced analysts can follow many markets and market instruments
simultaneously.
Technical analysis is
built on three essential principles:
Market action
discounts everything! This means that the actual price is a reflection of
everything that is known to the market that could affect it, for example,
supply and demand, political factors and market sentiment. However, the pure
technical analyst is only concerned with price movements, not with the reasons for
any changes.
Prices move in
trends. Technical analysis is used to identify patterns of market behavior
that have long been recognized as significant. For many given patterns there is
a high probability that they will produce the expected results. Also, there are
recognized patterns that repeat themselves on a consistent basis.
History repeats
itself. Forex chart patterns have been recognized and categorized for over
100 years and the manner in which many patterns are repeated leads to the
conclusion that human psychology changes little over time.
Forex charts are based on market action involving price.
There are five categories in Forex technical analysis theory:
Indicators
(oscillators, e.g.: Relative Strength Index (RSI)
Number theory
(Fibonacci numbers, Gann numbers)
Waves (Elliott
wave theory)
Gaps (high-low,
open-closing)
Trends (following
moving average).
Tuesday 26 July 2016
Maruti Suzuki Q1 Profit Rises 23%, Beats Estimates
Maruti Suzuki India Ltd, India's top-selling carmaker,
posted on Tuesday a forecast-beating 23 per cent rise in first-quarter net
profit, as higher sales offset the adverse impact of an unfavourable foreign
exchange rate.
Maruti, which is controlled by Suzuki Motor Corp through the
Japanese company's 56.2 per cent stake, said profit for the April-June quarter
was Rs 1,486 crore ($220.80 million), up from Rs 1,208 crore in the same period
a year ago. Net sales rose about 12 per cent to Rs 14,650 crore.
Analysts had expected the company to post a profit of Rs
1,239 crore, Thomson Reuters data showed.
Maruti's results are increasingly important to parent Suzuki
as the Japanese company recovers from an emissions testing scandal at home.
Suzuki's stake in Maruti is worth $11.5 billion, or nearly 80 per cent of the
Japanese company's $14.5 billion market value.
"The profit in the quarter was helped by a higher
turnover, material cost reduction, higher non-operating income and lower
depreciation," the company said in an emailed statement.
"Adverse foreign exchange movement reduced profits to
some extent," it said.
The yen appreciated 11 per cent against the rupee in the
April-June quarter, Reuters data showed, increasing Maruti's outgo for imports
and the royalty it pays to its parent.
Net profit came in well ahead of expectations also due to
"lumpy other income" due to changes in accounting methods in India
starting this fiscal year from April 1, Mumbai-based analyst Phillip Capital's
Nitesh Sharma said in a note.
Maruti's quarterly vehicles sales in terms of units rose
just 2.1 per cent, mainly due to a 10 per cent fall in sales in June because of
a fire at one of its component suppliers, Subros Ltd.
Maruti, which sells about one in every two cars in India, is
targeting double-digit sales growth in India in the 2016-17 financial year and
has earmarked Rs 4,400 crore for capital expenditure, versus Rs 2,500 crore in
the previous year.
India is expected to become the world's third largest
passenger car market by 2020 but recent regulatory crackdowns on diesel-powered
vehicles have dampened the sentiments of several carmakers such as Toyota Motor
Corp and General Motors. GM is reconsidering planned investment in the country.
Shares in Maruti, valued by the market at about $20.5
billion at the previous day's close, on Tuesday ended 1.44 per cent lower at Rs
4,485.25 apiece on the BSE, whose benchmark Sensex index finished down 0.42 per
cent.
Maruti's shares are down 3 per cent since January, making it
the only major automobile company in India with a negative performance so far
in 2016.
Thursday 14 July 2016
Saturday 9 July 2016
Stock Market Classes in India makes easier to Buy and Trade Stocks
In the present scenario, the world's economy depends on
buying and trading stocks making it very important for the people to have
understanding of the stock market, trading stocks and graceful investing plans.
Any new trader or investor can begin his own business by choosing suitable
stocks and stock market acts as a gateway for it. Stock market opens the doors
for the traders and investors to buy and sell with a perfect knowledge. Owning
a piece of publicly traded company and making profit from it can be done by
buying stocks. The aspects of training must be considered before going on
through the real market because investing and trading stocks need a proper
strategy and full confidence. The training does not require any fundamentals
but need to be well-organized for investing in suitable stock. And so, the
special courses designed by stock market classes in Mumbai, India will help
anyone trade privately or publicly as per the needs. Proper guidance and
instructions with proper training methods will be taught by the eminent stock
market classes in India and you can gain market expertise to trade stocks. The
faculty members here are the professionals who can help you understand the fundamental
terms and state of stock market so you may come to know its dynamics. The
students will be able to think innovative developing one's own path. The great
principles of education will help you make a reputed position in the industry
achieving a huge profit in the following manner:
·
You can track market trends, choose
high-potential stocks and make logical investment decisions
·
You can manage your finance through stock
trading either online or in regular
·
You can trade the shares of publicly listed
companies, You can learn the basics of stock market and technical analysis with
expert advice so that you can stock trades
The most widespread stock analysis and research will help
you learn live market trading such as buy and hold, active stock and day
trading. These institutes provide good opportunities that can help in the
growth of stock market segment and shares equity. You can come to know the
tomorrow's market position either you are trader, investor, officer, insurance
adviser or business man. The stock market training is provided by keeping in
view the long-term investment plan through the audio-visuals and digital aids.
So, effective learning will be needed with the best faculty team and solid
infrastructure. The most high-class career oriented programs are tailored by
these classes so that one can invest in stock market and earn profit in return.
The main goal of these classes is to make their students industry ready with absolute
information of stock market to face the challenges of continuously changing
financial world. These classes form an effectual part in helping losses to be
again in profit with several investment strategies.
L&T Infotech IPO to open on July 11: 10 things you should know
Mumbai-based IT services provider Larsen & Toubro
Infotech, the subsidiary of engineering and construction major L&T , will
open its 1.75 crore shares initial public offer on July 11. The price band is
fixed at Rs 705-710 per share.
It is an offer for sale issue, so the promoter and founder
L&T will receive entire IPO proceeds of around Rs 1,200 crore. Post IPO,
L&T's stake will be reduced to 84.7 percent from currently around 94.94
percent.
Retail investors will get a discount of Rs 10 per share on
IPO price. The issue will close on July 13.
Here are 10 things you should know before subscribing for
the IPO: Incorporated in 1996, L&T Infotech with revenue of USD 887 million
is the sixth largest IT services company in India. It has strong brand name of
L&T, the parent company. It benefits from the expertise and experience of
the L&T group in verticals such as hydrocarbons, heavy engineering, oil and
gas and automotive and aerospace. This assists the company in developing and
delivering IT services and solutions that benefit its clients in these
verticals and differentiates L&T Infotech from its competitors.
L&T Infotech's substantial business comes from the US
region that contributed 69 percent to revenue (followed by Europe with 17
percent). It has only 2 percent exposure to UK, hence analysts see minimal
impact of volatility caused by Brexit.
Top client contributed nearly 15 percent to revenue and top
10 clients contributed 50 percent of revenue reported in the financial year
gone by. It's client retention is high as it has 96.9 percent of revenue from
repeat business in FY16 against 98.1 percent in FY15 and 96.9 percent in FY14.
It operates in diverse industries such as banking and
financial services (26.3 percent to total revenue), insurance (20.7 percent),
energy and process (12.7 percent), consumer packaged foods, retail and pharma
(9.3 percent), media and entertainment (6.2 percent), hi tech and consumer
electronics (5.2 percent), automotive and aerospace (6.8 percent). It has
presence in fast growing areas like digital, IMS and testing which contributed
over 30 percent to total revenue in FY16.
It has high dividend payout policy, with payout of over 75
percent in the last three years.
The company earned profit of Rs 922.2 crore (up nearly 20
percent over FY15) on revenue of Rs 5,847.1 crore (up over 17.5 percent over
FY15) in FY16. Its dollar revenue stood at USD 887 million during the year.
It has reported CAGR (compounded annual growth rate) of 9
percent in USD revenue over FY14-FY16 despite a weakness in energy vertical
(that contributed 12 percent to revenue). Constant currency dollar revenue
growth in FY16 stood at 13.8 percent. Digital revenue reported more than 30
percent CAGR in FY13-16. Operating profit margin contracted sharply from 28.1
percent in FY14 to 17.7 percent in FY16 on account of steep fall in gross
margin, which is materially lower than closest peers like Infosys (27.2
percent), TCS (28.2 percent) and HCL Tech & Wipro (21 percent each).
Key management personnel: CEO and Managing Director Sanjay
Jalona has over 25 years of experience in the IT industry. Chief financial
officer AK Sonthalia is a chartered Accountant with over 24 years of
experience. Chief operating officer Aftab Ullah has over 20 years of experience
in the IT industry.
Thursday 7 July 2016
Top 6 Forex Trading Strategies for Beginners
To be a successful forex trader, you will need to have
different trading strategies that can be applied in different situations. One
of the trading strategy you will need to have as a beginner is pricing. Even
though profits and losses are mostly affected by indicators, price also affects
them. Using pricing patterns will help you determine when to enter or exit a
trade. There are some price patterns that usually repeat themselves due to
repeated human behavior. If there is anything that hinders the view of the
price itself during trades, it is detrimental to your trading.
Another strategy that will be of great benefit in forex
trading is trend trading. Its basis is that price moves in a trend, either in
an uptrend, downtrend, or a sideways trend. It is therefore important to watch
out for the trends and take advantage of them when the price is in your favor.
The problem with trend trading is that you will not have much to do when the
price consolidates or stagnates. You will need to be highly looking after the
trends that usually cover the actual price and only give its general direction.
You can also use breakout, demand and volume trading to
maximize your profits. The basis of this strategy is that the price of trades
usually bounces out of certain levels or breaks out of a consolidation period.
You will therefore need to take advantage of the periods when the price is
favorable to you when making the trades. You will need to understand the
demand, supply, volume as well as what causes the price levels to fluctuate as
well as the indications when the bounce or breakout is about to happen. You
also need to understand which direction the bounce or breakout will go to.
Diverge trading is another strategy you can use in the forex
trading market. It is based on the fact that movement of oscillating indicators
does not follow the real price movement. There are times when the price can
make higher peaks while the indicators are recording lower peaks. Even though
these might seem like inconsistencies, they might be good trade signals. You
will need to understand the indicators since they are the ones that will help
you determine whether to enter or exit a trade.
Another trading strategy that you can use it basket trading
which relies on the tradable relations between currency pairs. Even though the
correlations may not be 100 percent consistent, when certain pairs move in a
particular direction, the associated pairs will generally follow the trend. You
will need to know how to see multiple charts at the same time when using this
strategy and then make your decisions basing on multiple inputs. You will need
to know how to trade a single currency or multiple currencies simultaneously.
Last but not least, there is the combo trading strategy.
Here, you can combine anything that you find to be working. The only problem is
that you may suffer from information overload as well as analysis paralysis due
to different signals you will be getting from different trading methods.
Lupin Gets Establishment Inspection Report For Goa Unit, Shares Jump 6%
Pharma firm Lupin has received Establishment Inspection
Report (EIR) from the US health regulator for its Goa facility regarding a
inspection done by the USFDA in July last year.
The company "has received notification that the
inspection carried out by the United States Food and Drug Administration
(USFDA) in July 2015 at its Goa facility is now closed and the agency has now
issued an EIR," Lupin said in a filing to BSE.
However the responses from March's USFDA inspection and
updates thereafter are still under the review of the agency, it added.
The company's Goa facility supplies over 100 products to
various regulated markets including the US and EU. The plant has filed more
than 115 abbreviated new drug applications (ANDA's) in the US market.
Lupin has also filed for ANDAs for markets like the EU,
Japan and Brazil from the facility.
Shares of Lupin today closed at Rs 1,657.30 on BSE, up 6.25
per cent from the previous close.
Gold Prices Fall Off 28-Month High As Demand Falters
Slipping from a 28-month high, gold prices fell by Rs 150 to
Rs 30,900 per 10 grams in the bullion market on Thursday, with demand from
jewellers softening, even as the metal rose overseas.
However, silver weekly-based delivery continued to climb as
speculators mounted fresh bets on hopes of a further rise in its prices.
Traders said the fall in gold demand from jewellers at the
existing higher levels mainly contributed to the decline.
They said, however, a firming trend overseas capped the
losses as investors looking for asset haven following market instability in the
wake of UK's vote to leave the European Union lapped up gold.
Globally, gold traded higher by 0.3 per cent to $1,367.45 an
ounce in Singapore. The prices have gone up by 29 per cent in 2016 so far.
Silver, too, inched up 0.02 per cent to $20.06 an ounce.
In the national capital, gold of 99.9 per cent and 99.5 per
cent purity fell Rs 150 each to Rs 30,900 and Rs 30,750 per 10 grams
respectively. It had risen by Rs 400 in Wednesday's trade.
Sovereign, however, saw scattered buying from retailers and
traded higher by Rs 100 at Rs 23,500 per piece of 8 grams.
On the other hand, silver weekly-based delivery spurted by
Rs 1,325 to Rs 47,840 per kg, but silver ready saw some pressure and plunged by
Rs 1,300 to Rs 46,100 due to reduced offtake by consuming industries.
Silver coins surged by Rs 3,000 to Rs 77,000 for buying and
Rs 78,000 for selling of 100 pieces.
Tuesday 5 July 2016
72 Stock Market Investing Tips
72 Stock Market
Investing Tips
Why do so many investments fall through cracks? Experts
blame everything from lack of information to wrong strategy and over-confidence
about the swings in the market. Here, thereby, are 72 tips that may get you
find the tracks of investments.
1. Determine
your objectives in terms of short and long term.
2. Once the
objectives are finalized, seek towards the type on investments to buy.
3. Calculate
the level of risk to withstand it.
4. Determine
where you stand in terms of needs and goals.
5. Make sure
you have time to follow through your commitments.
6. Be
consistent and organized. Make thorough efforts in whatever you do.
7. Be open
to all the new thoughts and get out the myths of your bag.
8. Develop
your own plans and play your own games.
9. Access
quality investment information available at internet.
10. Diversify
your knowledge and investments plans to various channels.
11. Making
decision to buy or sell, stock, futures or options under pressure may turn out
to be disasters. Never feel pressurized at any time.
12. Try to
reduce risks, as far as possible.
13. Follow the
2% rule, i.e. never risk more that 2% of your trading capital on a single
trade.
14. Always use
stop loss orders to protect capital whenever you make trade.
15. Never
overtrade with under-capitalized accounts.
16. Move your
stop loss to lock the profit in as soon as the deal gets profitable.
17. Be a tail
to the trade trend. Trading against trend without reasonable stops may harm a
lot.
18. When you
are unsure of the fluctuations of the market, it is useless to trade. Rather
quitting is a smart move at that time.
19. Avoid
stagnant and volatile markets.
20. It is
beneficial to trade in a market that is trending with a volume of more than
100,000 daily.
21. Do not put
all your profits in re-investments. Rather it is highly recommended to save
profits and have a surplus account.
22. Develop
strategies and financial plans and work on other alternatives of investments.
23. Always be
well informed through the sources available.
24. Watch
financial market news to help you to get through the moods of market.
25. Never run
after tips. Refer them and use your own brains.
26. Invest in
long-term investments, as there are greater chances of getting better returns
in long term.
27. Short-term
market being too fluctuating may cause severe problems to the one.
28. Evaluate
your investments well.
29. State
those in objective terms hat are easy to use for future reference.
30. A
well-researched and well-done valuation is timeless.
31. Ask for
help of your broker or a fundamental analyst.
32. Always go
for a thorough research work before getting into the investment world.
33. Evaluate
and analyze your decisions well in future to avoid repetition of same mistakes.
34. Select an
intelligent broker and use his experience to fetch better returns.
35. Always
seek for cheap brokerage firm but do not compromise on the quality of services
provided by them.
36. Grab the
opportunities of discount brokers.
37. When
investing online, remember that online bets are not always instant.
38. It may get
delayed due to heavy traffic on net or so.
39. Other
technological faults like modem, computer and service provider may also act as
a hindrance to your investment.
40. While
investing in share market always set your price limits on fast moving stocks.
41. Market
order vs. limit orders rule must be followed.
42. In case
you are not able to access your online account get alternative for placing
trade in advance.
43. Take time
and do not assume that your order has not been placed. It may cause repetition
of your order and hence, may fetch you losses.
44. Make sure
the cancellation of order has worked before ordering another trade.
45. If you
purchase a security in cash account, you must pay for it before you can sell
it.
46. Reread
your margin agreement, as if you trade on margin, your broker can sell your
securities without giving a margin call.
47. Get to
know about the legal terms.
48. Talk to
your broker and online firm in case of some misunderstanding in investing.
49. Know what
you are buying and risking in the market.
50. Bernard
Baruch once said that "If you want to make money, big money, buy that
which is being thrown away."
51. Do your
research before making investment.
52. Be alert
for any alarms of losses.
53. Do not
expect your broker to recommend the stock that may double your money in few
months itself.
54. Don't be
greedy and sell the stock that goes up considerably i.e. 50% or more.
55. Don't be
impulsive and take calculated risks.
56. Don't buy
a stock on a hot rumor; you'll get burned 90% of the time.
57. Consider
tax-planning and income-splitting techniques.
58. Go for
values of stocks.
59. Maintain a
well-evaluated portfolio.
60. Keep an
eye everywhere. Look for bonds of the companies that are out of favor too.
61. Be an
above average trader.
62. Prepare a
checklist for investment.
63. Make sure
that the money you are investing is vital to your financial survival.
64. Beware of
the internet stock fraud.
65. Verify
your investment i.e. do not just rely on your broker, ask other advices too.
66. Every time
you invest, assess the risk/return profile of your investment before actually
committing to it.
67. Also, pay
attention to how easily the investment can be turned back into cash, just in
case.
68. Compare
and contrast stock trading options available with other options.
69. It is also
important to ascertain one's risk appetite.
70. Make sure
you follow some precautions before investing, like make sure that your broker
is registered and not a fraud.
71. Make sure
stock trading documentation is in order.
72. Remember
the stock investment can be risky like any other investment; thus, evaluate the
risks associated to a particular move.
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