Trends On SGX Nifty Indicate A Negative Opening For The Broader Indices In India

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 53 points or 0.45 percent. Nifty futures were trading around 11,707.50-level on the Singaporean Exchange.

Asian equities tumbled, oil prices plunged and the safe-haven yen strengthened early on Monday as trade negotiations between China and the United States deteriorated suddenly, reversing apparent progress made in recent months.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Tata Motors Adds 3% Despite Dismal April Sales

Shares of Tata Motors added nearly 3 percent intraday on May 3 despite the company reporting muted sales for April 2019.

The company in its BSE release said that domestic sales dropped 20 percent in April 2019, at 42,577 units against 53,511 units YoY.

The Mumbai-based car and truck manufacturer said its commercial sales went down by 18 percent at 29,883 units last month compared to 36,276 units in April 2018.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

The Sensex Is Up 41.39 Points At 39022.82, While Nifty Is Up 10.90 Points

The Sensex is up 41.39 points at 39022.82, while Nifty is up 10.90 points at 11735.70. About 318 shares have advanced, 187 shares declined, and 31 shares are unchanged.

Yes Bank, IOC, Sun Pharma, Bharti Infratel, Coal India, HDFC, Bombay Dyeing, Suntech Realty, NFL, Orient Papers, Tata Power are among major gainers, while losers are Laurus Lab, Jet Airways, L&T Infotech, TCS and Infosys.

Among sectors, except IT and FMCG all other indices are trading in green.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Asian Share Markets Were Subdued On Friday Amid Thin Holiday Trade

Asian share markets were subdued on Friday amid thin holiday trade although the dollar found support as investors pared expectations for a US rate cut this year while oil prices loitered near one-month lows on oversupply fears.

Trends on SGX Nifty indicate a flat start for the broader indices in India, a fall of 9.50 points or 0.08 percent. Nifty futures were trading around 11,745.50-level on the Singaporean Exchange.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Kotak Mahindra Bank Q4 Profit Jumps 25% YoY; Should You Buy, Sell Or Hold?

The brokerages have a mixed rating on Kotak Mahindra Bank after it reported an impressive jump in profits. Jefferies downgraded the stock to Underperform, while CLSA maintained 'buy' rating on the company.

The private lender reported Q4 standalone net profit at Rs 1,407.8 crore against Rs 1,124 crore reported in the same quarter last fiscal.

The net interest income of the bank rose 18 percent at Rs 3,048 crore against Rs 2,580 crore in Q4FY18.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Indian Indices Are Opened Flat With Negative Bias On Thursday

Indian indices are opened flat with negative bias on Thursday with Nifty around 11,700.

The Sensex is down 61.16 points at 38,970.39, while Nifty is down 22.50 points at 11,725.70. About 414 shares have advanced, 445 shares declined, and 59 shares are unchanged.

Yes Bank, Eicher Motors, Jet Airways, IndusInd Bank, Tata Steel, Hindalco, Vedanta, TVS Motor, Maruti Suzuki, HPCL, BPCL are among major lower in the early trade, while gainers are ONGC, IOC, JSW Steel, Britannia HDFC Bank and ITC.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com

Wall Street Ends Lower: US Stocks Ended Lower On Wednesday

Wall Street ends lower: US stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this year to cut interest rates.

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 56 points or 0.47 percent. Nifty futures were trading around 11,793-level on the Singaporean Exchange.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com