India to auction 20 major iron ore mines to revive industry – govt official

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Source: Reuters NEW DELHI  – India will auction about 20 major iron ore mines this year in its first such sale ever, a top government official said, as it looks to revive its corruption-tainted mining industry. India’s mining sector has been mired in controversy over illegal allocation of resources. Once…

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India’s robust growth and gradual reforms underpin positive outlook: Moody’s

positive outlook

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Global rating firm Moody’s Investor’s Service has said that India’s Baa3 government bond rating incorporates the strong growth potential of its large and diverse economy as well as the government’s high fiscal deficits and regulatory and infrastructure constraints on competitiveness. The positive outlook on the rating reflects Moody’s view that…

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Market Mantra: The Money Daily – August 25, 2015

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Market Mantra   Tuesday twist in the tale! Gap-up opening for Sensex, Nifty   Yesterday’s gone. Thank God. Equity shares world over plunged on worries that a China-led economic slowdown could cause serious damage to anyone and everyone. At least that’s what the market suggested with a carnage on Bloody…

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EOD Review On 24-Aug-2015

Nifty hovers around 8,250 level August 21, 2015

My System Calls: 1) Levels to watch are 7957.85 and 7654.85 2) Sell Below 8264.97 SL 8295.97 TGT 7654.85, 7580.78, 7390.56 3) Buy Above 8326.97 SL 8295.97 TGT 4) Supports/Resistances to Watch For :- 7390.56 7580.78 7693.56 7883.78 7996.56 8186.78 8299.56 Camarilla Calls: 1) Sell Below 7639.7 SL 7723.03 TGT…

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Market Mantra: The Money Daily – August 24, 2015

Market Mantra

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Market Mantra   Bear it! Just another Manic Monday on every Street   The selling wave is hitting world markets and the sea of red is sure to hit the Indian bourses at the start itself.  Wall Street saw a big crash on Friday and global markets are continuing the…

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IOC – Offer for Sale

IOC – Offer for Sale

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The Government of India has decided to sell 10% of its 68.57% stake in IOC through offer for sale on August 24, 2015. The floor price has been set at Rs387 per share (2% discount to last closing price), which will earn government a sum of ~Rs9,400crs. 20% of the…

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Technical Analysis

Definition 1) Technical Analysis is the study of data generated by the action of markets and by the behavior and psychology of market participants and observers. Such study is usually applied to estimating the probabilities for the future course of prices for a market, investment or speculation by interpreting the…

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Accumulate Mahindra & Mahindra Financial Services Ltd For Target Rs.325 – Religare Securities Ltd

Investment Rationale *  M&MFIN focus would mainly centered on collections, while company expects to reduce Gross NPAs to 4.8-5.0% level by end March 2015 from 6.2% at end June 2014. * Subsidiaries of the company are showing healthy performance. It expects the balance of Mahindra Rural Housing Finance to touch…

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HCL Infosystems Q4 loss narrows to Rs 41.45 cr

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HCL Infosystems Ltd, a distribution and IT services & solutions company, has reported that its consolidated net loss shrinked to Rs 41.45 crore for the fourth quarter ended June 30, 2015, on the back of slump in sales. “The consolidated net loss of the company stood at Rs 72.37 crore…

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