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Indian Stock Market Remains Strong: Epic Research View

Indian Stock Market Remains Strong: Epic Research View

Indian Markets Recovered from Previous Week's loss and bulls were completely in charge of the market. The sentiment among retail investors are upbeat as many stocks touched their 52-week high. Indian markets are once-again hovering around their all-time high and global cues have led further strength to Indian equities. Majority of voices talking about correction have been silenced (at least for short term) by underlying strength in the market.

Nifty ended up giving a follow up buying post a reversal pattern last week and reversed from its crucial moving averages. The comeback of bulls was led by positive cues coming in from global markets which continued to flourish near all-time highs along with domestic cues as well.

Indian Stock Market Watch and Outlook by Epic Research

Indian Stock Market Watch and Outlook by Epic Research

Indian stocks markets witnessed selling pressure this week but the bullish sentiment returned during the end of the week as Moody's upgraded ratings for India. Market experts are still not convinced about strength in markets to reach new highs next week. Majority of analysts indicate high chances of correction in the market. As results season is about to end, Indian markets will mainly depend on global cues for direction over next few weeks.

Indian Stock Market Outlook by Epic Research

Indian Stock Market Outlook by Epic Research

Indian markets scaled new highs this week as the global sentiment was bullish. As the U.S. Government announced new tax rates, investors in the United States are upbeat about economy and future results from companies (mainly due to tax cuts). BSE Sensex and NSE Nifty touched all-time high during the week. Trading in majority of stocks remained positive and many companies touched their 52-week high during the trading sessions.

Emissions from firecrackers down by 40 percent during Diwali

Emissions from firecrackers down by 40 percent during Diwali

Strict orders from the Supreme Court and proper implementation across the country led to reduction in emissions from firecrackers during Diwali 2017. A survey conducted by SAFAR, a central government air quality monitoring agency, has found nearly 50 percent reduction in emissions on October 19, 20 and 21. The Supreme Court announced strict ban on sales of firecrackers.

Also, there was a ban on lighting firecrackers during festivals in terms of timing. Earlier, people continued celebrating and lighting crackers till late night. The study conducted by SAFAR team added that the air quality level returned to pre-Diwali level within three days.

NSE Nifty touches all-time high

NSE Nifty touches all-time high

NSE Nifty touched an all-time high of 10,191 on Friday and closed at all-time high of 10,167. Stock markets have offered nearly 20 percent return this year with some stocks offering even more than 100 percent return in the last two quarters. Investors have turned cautious in many blue chips and we have witnessed strong selling pressure at higher levels.

Market analysts believe that Nifty can scale new highs if it strongly closes above 10,200 level. Banks have not participated in the recent pullback in the stock markets. Few banks have declared quarterly results, which have remained below market expectations. And, market analysts are not having high expectations from public sector banks considering higher provisions for bad loans.

Uber Will launch Tesla Vehicles in Dubai from October 10

Uber Will launch Tesla Vehicles in Dubai from October 10

Uber’s Middle East division has announced that the ride-hailing service will launch Tesla vehicles in Dubai on October 10. The project has been started by Uber in cooperation with the Roads and Transport Authority (RTA) in Dubai. Dubai is a fast growing market and with high number of tourists, there is high demand for Uber services in Dubai.

Uber users will be able to book Tesla Uber cars in Dubai starting October 10. Pierre Dimitri Gore-Coty, head of Uber's operations in Europe, the Middle East and Africa said, “Customers will then be able to choose between the Model S or Model X, with a fee that is expected to start at a base fare Dh10 and charge Dh1.9 per kilometer.”

Indian Stock Market touches all-time high of 30,793

Indian Stock Market touches all-time high of 30,793

Indian stock market touched all-time high level of 30,793 for BSE Sensex benchmark index on Thursday. The rally in the last hour of the trading session led stocks to their highest level till date. Indian markets have been touching multi-year highs over the last few months. Today’s rally was supported by banks and blue-chip stocks.

Market analysts and traders are still optimistic about strong rally in coming months. If global factors remain positive, Indian stocks could easily push 31,000 level in June.

Among major gainers in today’s trade were Maruti Suzuki, L&T, HDFC Bank, TVS Motor, Voltas and KEC International.

Investors in Indian Stock Market Turn Cautious

Investors in Indian Stock Market Turn Cautious

Investors turned cautious after President Donald Trump started controversy in the United States following surprise change of FBI chief. President Trump is facing a major crisis and investors in the U.S. market turned cautious. As the U.S. markets declined, markets worldwide reacted and declined as well. Most of the stock markets have been trading at their yearly or multi-year highs and even small events of uncertainty lead to fear among market players.

In the Indian stock market, partial sell-off was witnessed on Thursday. However, other emerging markets like Brazil and Turkey faced major declines. Indian stocks closed almost flat on Friday but investors have turned cautious after recent U.S. events.

President Obama assured by Trump's commitment: White House

President Obama assured by Trump's commitment: White House

Washington D.C. (United States), Nov. 11 : White House Press Secretary Josh Earnest asserted that President Obama is filled with renewed confidence in the commitment of the President-elect Donald Trump to engage in an effective, smooth transition after meeting him at the White House.

"We are committed to doing what is required on our part to make sure that that happens. And the President was pleased to hear a similar commitment expressed by the President-elect," said Earnest while responding to a question.

Mumbai Metro struggling to cope with crowd

Mumbai Metro struggling to cope with crowdThe authorities in Mumbai are still struggling to cope with the heavy crowd at the newly opened Metro service in the mega city.

It has been a week since the metro began running on the first east-west route in the city but the officials are still struggling to cope with the large number of people. Ghatkopar Metro station saw larger number of children and their parents lining for a joy rise on the swanky new travel option in the city. The metro ride is free for the children under the age of 12 years.

Manmohan redefined Indian foreign policy: Sanjay Baru

Sanjay BaruNew Delhi, Apr 18 : Former media advisor to Prime Minister Manmohan Singh, Sanjay Baru, has said that Dr. Singh redefined India's foreign policy and took important initiatives to ensure that the country improved its bilateral relations with other nations.

Baru, it maybe recalled, stirred a controversy through his controversial book, "The Accidental Prime Minister", in which he claimed that Dr. Singh's authority was repeatedly undermined by Congress President Sonia Gandhi.

Amplats raises doubts over Rustenburg unit

Amplats raises doubts over Rustenburg unitAnglo American Platinum (Amplats) has raised doubt over the financial position of its Rustenburg operations.

The company said on Monday that the unit is not in a good financial position and the management might have to restructure its operations. The company indicaed that it will have to make changes in order to achieve long tern sustainability.

Keppel REIT's revenue fall 1% in first quarter

Keppel REIT's revenue fall 1% in first quarterKeppel REIT has said that its total revenue has fallen 1 per cent during the first quarter of the year to S$46.8 million due to a smaller contribution from its operations in Australia.

On the other hand, NPI recorded a growth of 6 per cent to S$39.5 million on a quarter to quarter basis. The earnings improved mainly due to a stronger contribution from Ocean Financial Centre (OFC). The company's distributable income remained the same on a quarter to quarter level. The NPI was smaller due to lower rental support and higher amortization expense.

Nufarm shuts down plant in New Zealand

Nufarm shuts down plant in New ZealandNufarm, which is a leading agricultural chemicals manufacturer, has said that it is planning to close down its plant in New Zealand.

The company has also said that it is planning to shift its regional production to Victoria. The company believes that consolidating its production will generate annual cost savings of $3 million. The move will result in a loss of 59 jobs at the Otahuhu factory, in Auckland, according to the company.

Shaw Communications to axe 400 jobs

Shaw Communications to axe 400 jobsShaw Communications has said that it is planning to cut a total of about 400 employees, which is about three percent of its workforce.

The company is looking to lay off workers in order to revive its business and saving costs. The company, which is based in Calgary, said on monday it is aiming to rearrange the structure of its cable, satellite, Internet and home phone services in order to make them more efficient.

Second Sydney airport to be built at Badgerys Creek

Second Sydney airport to be built at Badgerys CreekAustralian Prime Minister Tony Abbott has said tha the second airport for Sydney will be devloped at Badgerys Creek.

The plans to develop the new airport will result in tens of millions of dollars of infrastructure investment for the city's west areas. Badgerys Creek, which is about 50 kilometres west of Sydney's Central Business District, has been selected as the site for the development of the new airport by the country's cabinet on Tuesday.

TCS teams up with Twitter to launch iElect app

TCS teams up with Twitter to launch iElect appTata Consultancy Services (TCS) has teamed up micro-blogging service Twitter to launch an app called iElect, which will provide live insights and data about the ongoing general elections.

TCS said the iElect app does real-time analysis of millions of tweets in the cloud and allow users to know what people are thinking about ongoing Lok Sabha polls. Pradipta Bagchi, vice president and head of corporate communication at TCS, said the users of the app would have access to insights and trends on a real time basis.

No differences with BJP leadership, says Rajan

No differences with BJP leadership, says RajanRaghuram Rajan, the governor of India's central bank has said that the he has not differences with the BJP leadership.

Organ donation attitude is able to guess the number of people who will sign up

Organ donation attitude is able to guess the number of people who will sign upA recent report says that almost all Americans support organ donation but less than half actually go up there and sign up for the same.

An American Psychological Association (APA) news release reported that scientists doing the study found that the reason for such less people registering for organ donation could be because supporting something may not mean that they will be a part of the same.

Lawyer says doctor's billing to Medicare suggests high drug expense

Lawyer says doctor's billing to Medicare suggests high drug expenseRecently is very affluent doctor based in Florida has been raided by the FBI. He had just recently allowed a U. S. senator to fly in his privately owned jet plane too. He is now being scrutinised for accepting money from the Medicare program, which is a taxpayer-funded health scheme, more than any other practicing doctor around.




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