Open market transaction

More than half a century ago, India’s founding fathers took to setting ablaze foreign-made goods as a sign of defiance to the economic imperialism of the British. Today, India burns more fuel than ever to produce goods for the export market. The tide has turned. And so has the planet.In the heyday of the Industrial Revolution, Great Britain used to source raw materials from its colonies to feed the newly-mechanised factories back home. The goods churned out from such institutions was shipped back to the colonies where they had a stranglehold on policy matters. It was a win-win strategy.Close In the intervening years, the balance of trade changed. The developed countries, which were quick to embrace industrialization, have now trained their guns on highly sophisticated emerging technologies such as information technology. Unsurprisingly, they are also at the vanguard of renewable energy adoption. related news North Korea comments 'hostile and unnecessary': US envoy Gold … [Read more...] about Carbon imperialism | Emissions in emerging markets reaching tipping point

Indian market broke above its crucial resistance levels, thanks to positive global cues which helped S&P BSE Sensex reclaim 41,000, and put the Nifty50 back above 12,000-12,050 levels.The Nifty50 rallied 1.38 percent while the S&P BSE Sensex recorded a rally of 1.39 percent for the week ended December 13. S&P BSE Midcap index rose 1.1 percent, while the S&P BSE Smallcap index ended the week marginally lower down 0.05 percent.Positive global cues helped benchmark indices reclaim crucial resistance levels. The S&P BSE Sensex is just 0.38 percent away from its record high, while the Nifty50 is about 0.6 percent away from hitting an all-time high.Close Prospects of a trade deal between the United States and China and hopes of a swift Brexit after thumping election win by Britain’s Conservative Party spurred risk appetite, said a Reuters report. related news 'If Nifty manages to stay above 11,695 in 2020, … [Read more...] about Yes Bank, Tata Motors among 5 stocks that are on experts’ buy list

For Nifty50, 11,695 is going to be the key level for 2020. The ongoing bull run can only be considered valid if it stays above this level, Gaurav Garg, Head of Research, CapitalVia Global Research, said in an interview with Moneycontrol’s Kshitij Anand.Edited excerpt:Close Q) Nifty50 is above 12,000 levels. Do you think the week macro data could spoil the party for bulls? related news D-Street Buzz: FMCG stocks under pressure led by HUL, ITC; Tech Mahindra, TCS up 2% each Voltas share price gains 2% as analysts retain bullish stance after management meet A) According to the data released by the National Statistical Office (NSO), India's retail inflation has surged to 5.54 percent in November, while factory output has gone down to 3.8 percent in October from 4.3 percent in September.These numbers are worse than those in the same quarter last year. All these factors tend towards a negative bias for market growth and could definitely spoil the chances of a major … [Read more...] about ‘If Nifty manages to stay above 11,695 in 2020, then it is a bull run’

Here are some stocks that are in the news today:Moody's lower India's GDP growth projection for FY20 to 4.9% from 5.8%November Trade Deficit at USD 12.12 billion versus USD 11.01 billion, MoMClose Sun Pharma - USFDA issues Form 483 with 8 observations to company's Halol facility related news Is Nifty showing signs of topping out? KST indicator has a story to tell 'If Nifty manages to stay above 11,695 in 2020, then it is a bull run' 'Time vs timing: Rs 10 lakh invested in markets 30 years ago now worth over Rs 4 cr' Granules India: The company is to sell a stake in China JV to Hubei Biocause for 109 million Japanese yen.Punjab National Bank (PNB): The bank under-reported its non-performing assets by Rs 2,617 crore for the fiscal year 2018-19.Asian Oilfield Services receives Letter of Award (LoA) for acquisition of 20 and 30 seismic data of oil blocks located in Rajasthan and Gujarat stateUnited Breweries: CCI DG completes probe of company and others beer … [Read more...] about Stocks in the news: Sun Pharma, RIL, Granules India, PNB, Asian Oilfield Services, Trent, REC

Shubham AgarwalLast week was a good one for Nifty. After a nervous start, Nifty turned around and had spectacular last three sessions of the week. This meant Nifty revered all the losses of the previous week along with this week, and it once again crossed the 12,000-mark. This is the highest ever weekly close for Nifty.Bank Nifty, too, had a similar move closing around 32,000. As far as index futures are concerned, after a long time, Nifty future had sizeable long carry forward. For this week, Nifty futures added almost 10 percent in open interest. In the case of Bank Nifty though, the index lost around 10 percent in OI despite the rise. While this lack of commitment is strange yet does not threaten the current Long-Long Unwinding structure of the index future.Close As far as stock futures are concerned, after many weeks this time, the long interest addition resumed as over 40 percent stocks added longs for the week. On the other hand, after an overflow of shorts a week before, we … [Read more...] about Nifty near all-time high, deploy Long Call Butterfly strategy: Shubham Agarwal