Monday 31 May 2021

ITC to announce Q4 earnings today: Here#39;s what to expect

ITC to announce Q4 earnings today: Here#39;s what to expect FMCG segment is expected to continue to report double digit growth for the quarter given the expected continuity in demand for packaged foods business.

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Gold scales near 5-month peak on weaker dollar, inflation worries

Gold scales near 5-month peak on weaker dollar, inflation worries Spot gold was up 0.2% at $1,911.45 per ounce by 0255 GMT, after hitting its highest since Jan. 8 at $1,914.26 earlier in the session.

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Rajasthan unlock guidelines: What is allowed, what is not

Rajasthan unlock guidelines: What is allowed, what is not According to the guidelines for the modified lockdown, exemption for various activities will be given only in areas where the positivity rate is less than 10 percent or the use of oxygen, ICU and ventilator beds is less than 60 percent.

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Uttar Pradesh #39;unlock#39; guidelines: What’s allowed, what isn’t

Uttar Pradesh #39;unlock#39; guidelines: What’s allowed, what isn’t Like most other states, Uttar Pradesh’s daily COVID-19 cases have also fallen in recent weeks prompting the government to ease restrictions in some districts.

from Moneycontrol Latest News https://www.moneycontrol.com/news/current-affairs/uttar-pradesh-39unlock39-guidelines-what’s-allowedisn’t_15139921.html

Asian stocks at month high ahead of US jobs data, gold rises

Asian stocks at month high ahead of US jobs data, gold rises The world’s recovery from the COVID-19 pandemic remains patchy with exports reviving but broader economic activity still dampened by new measures to contain fresh outbreaks.

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Stocks in the news: ITC, Magma Fincorp, Gujarat Gas, Infosys and Radico Khaitan

Fineotex Chemicals, Emami Paper Mills, Salasar Techno Engineering and TV Vision are among companies that will announce their March quarter results today.

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Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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COVID-19 aid: Indian-American NGO raises $100,000 for specially abled people in India

COVID-19 aid: Indian-American NGO raises $100,000 for specially abled people in India .Los Angeles-based ‘Voice of Specially Abled People’ (VOSAP) said Monday that it has raised close to USD 100,000 to help people with disabilities in India by providing them grocery, PPE kits, among others, during the pandemic.

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2.21 lakh hectare of crops damaged in Cyclone Yaas in West Bengal, says Mamata Banerjee

2.21 lakh hectare of crops damaged in Cyclone Yaas in West Bengal, says Mamata Banerjee The chief minister said that the state has opened around 1200 relief camps in which 2 lakh odd people have taken shelter following the cyclone which made landfall in neighbouring Odisha on May 26.

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Lottery Sambad Result June 1: ‘Dear Bangalakshmi Torsha’ lottery winners to be announced at 4 pm

Lottery Sambad Result June 1: ‘Dear Bangalakshmi Torsha’ lottery winners to be announced at 4 pm Lottery Sambad Result: The first prize winner will take home Rs 50 lakh. The second prize is Rs 9,000, the third prize is Rs 500 and the fourth prize is Rs 250. While the fifth prize is Rs 120, the consolation prize is Rs 1,000.

from Moneycontrol Latest News https://www.moneycontrol.com/news/current-affairs/lottery-sambad-result-june-1-‘dear-bangalakshmi-torsha’-lottery-winners-to-be-announced-at-4-pm_15139781.html

Top 10 things to know before the market opens

Top 10 things to know before the market opens Trends on SGX Nifty indicate a positive opening for the index in India with a 67 points gain.

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KKR, CDR nearing deal to buy Cloudera

KKR, CDR nearing deal to buy Cloudera The terms of the deal couldn#39;t be learned, the report said, adding that the company has a market value of nearly $4 billion.

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Trade Spotlight: What should investors do with PNB Housing, Solar Industries Redington?

Vikas Jain Here#39;s what Vikas Jain of Reliance Securities recommends investors should do with these stocks when the market resumes trading today

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Naomi Osaka withdraws from French Open citing depression

Naomi Osaka withdraws from French Open citing depression Osaka said in the build-up to the tournament that she would not attend the obligatory press conferences for players after matches, saying the questioning by journalists stresses her mental health.

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DAILY VOICE | Reopening of economy to benefit consumer discretionary, industrials and banking: Vaibhav Sanghavi

Vaibhav Sanghavi Shorter-term corrections are part and parcel of markets. However, while investing, one should be focussed on how the economy and companies are likely to perform from a longer-term perspective, saif Sanghavi.

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Buzzing Stocks: ITC, IRB Infra, Narayana Hrudayalaya and others that will be in focus today

Buzzing Stocks: ITC, IRB Infra, Narayana Hrudayalaya and others that will be in focus today Check out the companies making the biggest headlines before the bell.

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RBI slams foreign banks on data rule

In a recent communication, the RBI said that a majority of banks are yet to submit system audit reports certifying compliance to data storage norms even after three years since the issuance of the circular. It also said that many foreign banks have said that the audit norms did not apply to them and this was not acceptable. The central bank had asked banks to submit their compliance along with a plan of action on or before May 15, 2021.

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Magma Fincorp appoints Adar Poonawalla as chairman

The lender has also appointed Abhay Bhutada as its managing director and Vijay Deshwal as chief executive officer. Deshwal, currently a business head at ICICI Bank, will assume charge at Magma from the first week of July. He will also be the Group CEO of Poonawalla Group’s financial services business.

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Buzzing Stocks: ITC, IRB Infra, Balrampur Chini and others that will be in focus today

Buzzing Stocks: ITC, IRB Infra, Balrampur Chini and others that will be in focus today Check out the companies making the biggest headlines before the bell.

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Coronavirus News Live Updates: WHO says coronavirus strain first detected in India to be called #39;Delta variant#39;

Coronavirus News Live Updates: WHO says coronavirus strain first detected in India to be called #39;Delta variant#39; Coronavirus News Live Updates: More than 2.02 crore beneficiaries of age group 18-44 Vaccinated so far. More than 25 lakh Vaccine Doses administered till 7 pm on May 31: Health Ministry.

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Hot Stocks | TV18 Broadcast, Eveready Industries, Gujarat Gas can give 10-19% returns in short term

Nandish Shah Immediate targets for the Nifty are seen around 16,000-16,100, derived from the channel breakout on the weekly chart.

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High government cash balance likely to limit additional borrowing

The fears of additional borrowing due to GST shortfall may not be as substantial as bond dealers anticipated initially. Any large additional borrowing announcement would have triggered a spike in the yields. This time it didn’t.

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High government cash balance likely to limit additional borrowing

The fears of additional borrowing due to GST shortfall may not be as substantial as bond dealers anticipated initially. Any large additional borrowing announcement would have triggered a spike in the yields. This time it didn’t.

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Sunday 30 May 2021

Here is why long-term investors can buy energy stocks on correction

Gaurav Garg There is huge potential for further growth in energy service demand in India due to a growing economy and the forces of urbanisation and industrialisation.

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Why Indian equity markets ignored the deadly second wave

Why Indian equity markets ignored the deadly second wave For Indian equities, the long-term structural liquidity support is hard to ignore and any correction will therefore be short-lived

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DAILY VOICE | Inflation, delay in vaccination, tapering by US Fed key risks for Indian market: Janakiraman R of Franklin Templeton

DAILY VOICE | Inflation, delay in vaccination, tapering by US Fed key risks for Indian market: Janakiraman R of Franklin Templeton With structural improvement in the economic growth and improving quality of earnings growth, market should hopefully mirror the same going forward, says Janakiraman.

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SBI revises cash withdrawal limits at non-home branches: All you need to know

SBI revises cash withdrawal limits at non-home branches: All you need to know Cash withdrawal for self (using a withdrawal form) along with a Savings Bank passbook has been increased to Rs 25,000 per day.

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North accuses US of hostility for South Korean missile decision

North accuses US of hostility for South Korean missile decision It’s North Korea’s first response to the May 21 summit between the leaders of the United States and South Korea, during which the U.S. ended decades-long restrictions that capped South Korea’s missile development and allowed its ally to develop weapons with unlimited ranges.

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Stocks in news: M&M, Divi's Labs, BoB, Fortis, Gulf Oil, Affle, Max Health

Here are some stocks which may buzz the most in today's trade.

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GDP data, monetary policy panel meeting, auto sales to drive market this week: Experts

GDP data, monetary policy panel meeting, auto sales to drive market this week: Experts As long as 15000 holds, traders can utilize any dip to accumulate long positions for higher targets, says Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

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Benjamin Netanyahu could lose PM job as rivals attempt to join forces

Benjamin Netanyahu could lose PM job as rivals attempt to join forces The dramatic announcement by Naftali Bennett, leader of the small hardline Yamina party, set the stage for a series of steps that could push Netanyahu and his dominant Likud party into the opposition in the coming week.

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Fuel price hike | OMCs raise petrol prices by 28-29 paise, diesel by 26-28 paise on May 31

Fuel price hike | OMCs raise petrol prices by 28-29 paise, diesel by 26-28 paise on May 31 Since May 3, fuel prices have cumulatively jumped by Rs 3.83/litre for petrol and Rs 4.42/litre for diesel after a series of consecutives price hikes over the month.

from Moneycontrol Latest News https://www.moneycontrol.com/news/business/fuel-price-hike-|-omcs-raise-petrol-prices-by-28-29-paise-diesel-by-26-28-paisemay-31_15136061.html

COVID-19 fight: Ethnic groups from New England pledge to donate $1 million to India

COVID-19 fight: Ethnic groups from New England pledge to donate $1 million to India The New England Asian American Coalition (NEAAC), in a statement, said it pledged to raise USD 1 million to support two non-governmental organisations --Sewa International USA and Ekal Vidyalaya Foundation -- in tackling the pandemic.

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Immediate need to rally democracies together against COVID-19: Congressman Raja Krishnamoorthi

Immediate need to rally democracies together against COVID-19: Congressman Raja Krishnamoorthi Stating that achieving global herd immunity is the right thing to do out of compassion and morality, the Congressman asserted that he approaches questions of policy as an American and as an elected member of the Democratic Party.

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UP govt announced Rs 10 lakh aid for family members of scribes who died due to COVID-19

UP govt announced Rs 10 lakh aid for family members of scribes who died due to COVID-19 On the occasion of #39;Hindi Journalism Day#39;, Adityanath said, "From the freedom movement to the present times, Hindi journalism has had an unprecedented contribution in social awakening and nation-building. My heartfelt greetings to all journalists on Hindi Journalism Day."

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Top 10 things to know before the market opens

Top 10 things to know before the market opens Trends on SGX Nifty indicate a negative opening for the index in India with a 44 points loss.

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UAE extends suspension on flights from India till June 30

UAE extends suspension on flights from India till June 30 The ban was initially imposed on April 25, after a surge in COVID-19 cases in India.

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Buzzing Stocks: Aurobindo Pharma, PNB, Archies and others that will be in focus today

Buzzing Stocks: Aurobindo Pharma, PNB, Archies and others that will be in focus today Check out the companies making the biggest headlines before the bell.

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Bangladesh extends closure of borders with India amidst surge in COVID cases linked to B.1.617.2 strain

Bangladesh extends closure of borders with India amidst surge in COVID cases linked to B.1.617.2 strain However, the transportation of goods through the land borders would continue as earlier, the foreign ministry said.

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Naomi Osaka fined $15,000 for not speaking at French Open

Naomi Osaka fined $15,000 for not speaking at French Open The penalty was announced in a joint statement from the president of the French tennis federation, Gilles Moretton, and the heads of the other three Grand Slam tournaments.

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Lottery Sambad Result May 31: ‘Dear Bangalakshmi Teesta’ lottery winners to be announced at 4 pm

Lottery Sambad Result May 31: ‘Dear Bangalakshmi Teesta’ lottery winners to be announced at 4 pm Lottery Sambad Result: The first prize winner will take home Rs 50 lakh. The second prize is Rs 9,000, the third prize is Rs 500 and the fourth prize is Rs 250. While the fifth prize is Rs 120, the consolation prize is Rs 1,000.

from Moneycontrol Latest News https://www.moneycontrol.com/news/current-affairs/lottery-sambad-result-may-31-‘dear-bangalakshmi-teesta’-lottery-winners-to-be-announced-at-4-pm_15135881.html

Deploy Nifty modified call butterfly spread strategy: Shubham Agarwal

Shubham Agarwal Considering the positive momentum along with decline in India VIX, upcoming week can be approached with a low-risk strategy like Modified Call Butterfly in Nifty, suggests Shubham Aggarwal

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Most family-owned cos remain bullish on FY22

See Local Growth Avenues, Expect CrisisWill Pass With Vax Gathering Steam: Study

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Zerodha’s profits more than doubled to Rs 1,000 cr in FY21: Kamath

The company has recently been in the news after its board approved an enabling resolution to allow promoters of the bootstrapped startup to draw a salary of Rs 100 crore

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Coronavirus News Live Updates: Govt targets to buy 200-250 million vaccine doses by July-end, says report

Coronavirus News Live Updates: Govt targets to buy 200-250 million vaccine doses by July-end, says report Coronavirus News Live Updates: "Lockdown is being extended for 15 days, shall be in place till June 15 now. Depending on the case tally of districts, certain relaxations and restrictions will be enforced." Uddhav Thackeray said.

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Hot Stocks | Here#39;s why OMDC and Piramal Enterprises are good short-term bets

Sameet Chavan We advise traders not to get complacent and not to get over leveraged. They should follow strict stop losses for existing positions, said Sameet Chavan of Angel Broking

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FICCI for cancelling Class 12 board exams due to prevailing COVID-19 situation

FICCI for cancelling Class 12 board exams due to prevailing COVID-19 situation In a letter to HRD Minister Ramesh Pokhriyal Nishank, FICCI President Uday Shankar said an alternate solution should be devised to determine academic progression.

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CBSE, ICSE Class 12 exam cancellation: Supreme Court to hear plea on May 31

CBSE, ICSE Class 12 exam cancellation: Supreme Court to hear plea on May 31 The plea, filed by advocate Mamta Sharma, has sought directions to the Centre, Central Board of Secondary Education and the Council for the Indian School Certificate Examination to cancel the CBSE and ICSE Class 12 exams 2021.

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COVID-19 | Saudi Arabia lifts travel ban for passengers arriving from 11 countries: Check full list here

COVID-19 | Saudi Arabia lifts travel ban for passengers arriving from 11 countries: Check full list here Earlier in the month, the nation had eased the travel ban by allowing vaccinated citizens to leave the kingdom for the first time in more than a year.

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Delhi HC to rule on Monday on plea to stop Central Vista work during Covid

Delhi HC to rule on Monday on plea to stop Central Vista work during Covid A bench of Chief Justice D N Patel and Justice Jyoti Singh, which had been hearing a plea for suspending the ongoing construction work during the Covid pandemic, has fixed May 31 for delivery of its judgement on it, the high court’s cause list revealed on Saturday.

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