India Financials Sector : Credit Tracker Non-food credit offtake remains sluggish – Religare Securities Ltd

Religare Securities

This gallery contains 1 photo.

Source: Religare Securities Ltd Non-food credit growth remained tepid at 8.6% YoY in Sep’15, as per RBI data. On a YoY basis, offtake was largely aided by the retail (+18%) and agriculture (13%) segments. The absence of fresh investments in the economy kept industry-sector credit growth muted at 5% YoY,…

Continue reading

Sell EURINR @ 72.80 Target 72.20 – Sushil Finance

EURINR

This gallery contains 1 photo.

Source: Sushil Finance USDINR U.S. manufacturing activity in October hit a 2-1/2-year low, but a rise in new orders offered hope for a sector buffeted by a strong dollar and relentless spending cuts by energy companies. Other data on Monday showed construction spending rose in September, indicating the economy remained…

Continue reading

Market Mantra: The Money Daily – November 3, 2015

Market Mantra

This gallery contains 1 photo.

Market Mantra   Tolerable Tuesday! Sensex, Nifty set to open higher   The negativity of the last six trading sessions may be arrested as global markets seem to have regained some health. A jump in the health-care sector on account of soaring bio-tech stocks boosted US markets. Energy shares too…

Continue reading

Buy NTPC Ltd For Target Rs. 180 – Religare Securities Ltd

NTPC

This gallery contains 1 photo.

Source: Religare Securities Ltd Robust core performance – BUY NTPC’s Q2 results were ahead of our estimates with adj. PAT (excluding exceptional and other income) coming in at Rs 20.3bn (+45% YoY) versus RCMLe of Rs 16.5bn. Consequently, core ROE was robust at 5.2% for Q2FY16 and ~10.2% for H1FY16.…

Continue reading

Buy Mentha oil Around @ 917 Target 967 stoploss 895 – Way2Wealth

Mentha oil

This gallery contains 1 photo.

COMEX Gold COMEX Gold prices rallied towards $1183 last week, but couldn’t sustain at higher levels and a sharp fall from the same dragged the prices into negative zone by forming a “hanging man” candlestick pattern on weekly charts. This signifies that the gold price have resumed its privileged bearish…

Continue reading

Sell Silver @ 36700 Target 36000 – Sushil Finance

Silver

This gallery contains 1 photo.

Source: Sushil Finance Gold Gold fell to a three-week low on Friday, extending two days of losses andheading for its biggest weekly drop since August on the chance the U.S.Federal Reserve may still raise interest rates this year. The Fed indicated after a two-day policy meeting this week that aDecember…

Continue reading

Buy USDINR @ 65.40 Target 66 – Sushil Finance

USDINR

This gallery contains 1 photo.

Source: Sushil Finance USDINR The dollar fell on Friday, reducing its monthly gain against a basket of currencies, as traders who favored commodity-linked currencies booked profits on gains tied to the U.S. Federal Reserve's unexpected hint it may raise rates in December. The U.S. dollar struggled after data showed U.S.…

Continue reading

Accumulate KEC International Ltd For Target Rs. 171 – Prabhudas Lilladher Ltd

Prabhudas Lilladher

This gallery contains 1 photo.

Source: Prabhudas Lilladher Ltd KEC International (KEC) reported Adjusted Profit of Rs 441 mn up 118% YoY. EBITDA margin increased by 210bps YoY to 7.7%. Order inflow for Q2FY16 stood at Rs 15bn up 37% YoY. Outlook on inflows continues to be healthy due to strong bid pipeline, both in…

Continue reading

Market Mantra: The Money Daily – November 2, 2015

Market Mantra

This gallery contains 1 photo.

Market Mantra   Subdued start to the week; Adani, India Cement results in focus   The weakness is likely to remain for a while in the market with no clear triggers for an upward bias. To avoid a Winter of Discontent in Parliament, the government is reportedly looking at a…

Continue reading