https://youtu.be/dji3_mFbzuQ?si=FBbNs629ZWJZbaTh
CA. Mohit Gupta
@freedomfinancer
Welcome back to the School, but a different one "School of Finance" ®2018
Our Vision : "To have a world with 100% Financial Literacy and Freedom"
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CA. Mohit Gupta
01 Aug, 02:53
COMEX GOLD *$2453*
Caught Almost 100 dollars move.
MCX Gold Oct likely to open around Rs. 70500
(*positive opening by 850 rupees* )
FED CHAIR POWELL: RATE CUT COULD BE ON THE TABLE AT THE SEPTEMBER MEETING
*POWELL: 'IT'S JUST A QUESTION OF SEEING MORE GOOD DATA'
SUMMARY OF FED DECISION (7/31/24):
1. Fed leaves rates unchanged for 8th straight meeting
2. Fed reiterates no rate cuts until confident inflation is moving to 2%
3. Inflation has eased but remains "somewhat elevated"
4. Fed says there has been "some" further progress on inflation
5. Attentive to risks on both side of dual mandate
6. Unemployment rate has moved up but remains "low"
Is a September rate cut really guaranteed?
Caught Almost 100 dollars move.
MCX Gold Oct likely to open around Rs. 70500
(*positive opening by 850 rupees* )
FED CHAIR POWELL: RATE CUT COULD BE ON THE TABLE AT THE SEPTEMBER MEETING
*POWELL: 'IT'S JUST A QUESTION OF SEEING MORE GOOD DATA'
SUMMARY OF FED DECISION (7/31/24):
1. Fed leaves rates unchanged for 8th straight meeting
2. Fed reiterates no rate cuts until confident inflation is moving to 2%
3. Inflation has eased but remains "somewhat elevated"
4. Fed says there has been "some" further progress on inflation
5. Attentive to risks on both side of dual mandate
6. Unemployment rate has moved up but remains "low"
Is a September rate cut really guaranteed?
CA. Mohit Gupta
23 Jul, 08:26
Gold and silver duty update
Gold and silver customs duty reduced to 5% from 10%
AIDC of 5% reduced to 1%.
Net duty will be 6% in both Gold and Silver.
Gold and silver customs duty reduced to 5% from 10%
AIDC of 5% reduced to 1%.
Net duty will be 6% in both Gold and Silver.
CA. Mohit Gupta
19 Jul, 05:36
Exited all recently bought bees in morning today.
Will reenter post 25k break
Will reenter post 25k break
CA. Mohit Gupta
10 Jul, 11:36
• After hitting a record high in the opening sessions, the equity benchmark Nifty declined by half a percent due to profit booking following a rally of 12 trading sessions. Nifty fell by as much as 1.2% or 300 points intraday, marking its biggest fall since June 4. Price cuts by key automaker M&M, ahead of key US inflation data and the upcoming earnings season, kept the markets cautious. The Nifty 500 stocks' advance-decline ratio was 1:1.50. Nifty declined by 108 points or 0.4% to close at 24,324, while it touched an intraday high of 24,461 and a low of 24,141. Sensex dropped 426 points to settle below 80,000 at 79,924.
• Nifty Auto, banking, and metal stocks witnessed profit booking. However, pharma, FMCG, and paints stocks recorded a smart rally. Traders were booking profits ahead of important events in the next few sessions. TCS will announce its Q1 results tomorrow. US inflation data will be released tomorrow, and India’s inflation data will be announced on Friday. The Union Budget will be presented on July 23, 2024.
• Auto major M&M nosedived 7% to close at 2,731 after the company slashed the prices of the top-end variants of the XUV700 SUV by almost Rs 1 lakh for four months. Paint stocks witnessed fresh buying following the news that Asian Paints raised prices across its portfolio. Asian Paints gained 3% to close at Rs 2,996.
Technical Outlook:
• Nifty index opened positive and after touching a fresh all time high of 24461 zones, it witnessed profit booking of 320 points from its highs. It recovered partially in the second half of the session and closed with losses of around 110 points. It formed a Bearish candle on daily frame with longer lower shadow indicating smart buying at dips.
• Now it has to hold above 24300 zones to extend the move towards 24500 and 24650 zones whereas supports are placed at 24200 then 24100 zones.
• Nifty Auto, banking, and metal stocks witnessed profit booking. However, pharma, FMCG, and paints stocks recorded a smart rally. Traders were booking profits ahead of important events in the next few sessions. TCS will announce its Q1 results tomorrow. US inflation data will be released tomorrow, and India’s inflation data will be announced on Friday. The Union Budget will be presented on July 23, 2024.
• Auto major M&M nosedived 7% to close at 2,731 after the company slashed the prices of the top-end variants of the XUV700 SUV by almost Rs 1 lakh for four months. Paint stocks witnessed fresh buying following the news that Asian Paints raised prices across its portfolio. Asian Paints gained 3% to close at Rs 2,996.
Technical Outlook:
• Nifty index opened positive and after touching a fresh all time high of 24461 zones, it witnessed profit booking of 320 points from its highs. It recovered partially in the second half of the session and closed with losses of around 110 points. It formed a Bearish candle on daily frame with longer lower shadow indicating smart buying at dips.
• Now it has to hold above 24300 zones to extend the move towards 24500 and 24650 zones whereas supports are placed at 24200 then 24100 zones.
CA. Mohit Gupta
05 Jul, 15:12
Global Market Update - US Stocks Higher as June Jobs Report Renews Fed Cut Hopes…Nasdaq Composite Record high …US Bond Yield decline to nearly 1-month low and Dollar Index fell to nearly 2-month low at below 105
· US equities edged higher after the Fourth of July holiday as a slowdown in job growth bolstered speculation that the Federal Reserve will start cutting interest rates as soon as September. Nasdaq Composite soared over half percent after US Nonfarm payrolls rose by 206,000 last month and job growth in the prior two months was marked down by 111,000. 10-Year Bond declined by 5bps to 4.30% and Dollar Index fell to below 105 on intra-day level.
· European stocks erased the day’s gains in a broader risk-off move in global equity markets, while the export-heavy FTSE 100 extended declines as the pound strengthened following the Labour Party’s victory in the UK election. UK Index declined 0.5% while earlier gain 0.4%. Germany Index is flat to positive from intra-day gain nearly 1%.
· Gold rose 1% month high at $2388/ounce after US hiring data pointed to a gradual cooling in the labor market that bolstered expectations for lower interest rates in the coming months. US Dollar Index fell to $105 level
· Brent oil traded near a two-month high at $87/bbl with global equity markets at a record and shrinking US inventories boosting optimism of a summer rally.
· FIIs were net buyers Rs1241cr while DIIs were net sellers Rs1651cr
Disclaimer - Investments in securities markets are subject to market risks. Please read all related documents carefully. To read complete disclaimer click on https://onlinetrade.motilaloswal.com/emailers/Disclaimer_SRSA/ResearchDisclosure.pdf
· US equities edged higher after the Fourth of July holiday as a slowdown in job growth bolstered speculation that the Federal Reserve will start cutting interest rates as soon as September. Nasdaq Composite soared over half percent after US Nonfarm payrolls rose by 206,000 last month and job growth in the prior two months was marked down by 111,000. 10-Year Bond declined by 5bps to 4.30% and Dollar Index fell to below 105 on intra-day level.
· European stocks erased the day’s gains in a broader risk-off move in global equity markets, while the export-heavy FTSE 100 extended declines as the pound strengthened following the Labour Party’s victory in the UK election. UK Index declined 0.5% while earlier gain 0.4%. Germany Index is flat to positive from intra-day gain nearly 1%.
· Gold rose 1% month high at $2388/ounce after US hiring data pointed to a gradual cooling in the labor market that bolstered expectations for lower interest rates in the coming months. US Dollar Index fell to $105 level
· Brent oil traded near a two-month high at $87/bbl with global equity markets at a record and shrinking US inventories boosting optimism of a summer rally.
· FIIs were net buyers Rs1241cr while DIIs were net sellers Rs1651cr
Disclaimer - Investments in securities markets are subject to market risks. Please read all related documents carefully. To read complete disclaimer click on https://onlinetrade.motilaloswal.com/emailers/Disclaimer_SRSA/ResearchDisclosure.pdf
CA. Mohit Gupta
05 Jul, 15:11
Data is mixed as,
unemployment rate for the first time since Dec'21 is above 4%, while non-farm payroll is above estimates. And other data like hourly earnings are in-line with expectations
unemployment rate for the first time since Dec'21 is above 4%, while non-farm payroll is above estimates. And other data like hourly earnings are in-line with expectations
CA. Mohit Gupta
12 Jun, 02:37
Companies to cooperate across core product domains including missiles & weapons covering airborne, surface, infantry, ammunition, and air defense products.
· Soda Ash stocks positive ANSAC Increases Export Soda Ash prices by US$25.00 per Metric Ton - American Natural Soda Ash Corporation ("ANSAC") announced that it is raising export soda Ash prices US$25.00/MT on all non-contract sales of soda ash and on contracted sales when contracts allow – Expect positive for Tata Chemical, DCW, GHCL, Punjab Chemical.
· Railtel – Company received a fresh order worth Rs 11.23 crores from the Ministry of Defense. – Positive
· Mahindra & Mahindra - Company reported production at 69,886 units (up 17.5% YoY) during the month of May and sales at 69,011 units (up 17.4% YoY. Company reported May exports sales at 2,671 units (up 2% YoY). – positive
· State Bank Of India - Company has launched 'SME Digital Business Loans' for loans to micro, small and medium enterprises. The product offered an end-to-end sanction with turnaround time of up to 45 minutes. - Positive
· Tata Steel – Company confirms to continue with announced closure of heavy end assets and restructuring program expresses concern at UK media reports on policy differences between UK Govt & opposition – positive
· Borosil Renewable – Company approves draft letter of offer for Rs 450 crore fundraise via rights issue- positive
· Tata Technologies – Company has announced that it has implemented SAP S/4HANA for Mitsubishi Electric India Pvt. Ltd., a key milestone in the ongoing transition of the company to digitalization, reads a statement released by the company. – Positive
· Suzlon - Renewable energy solutions provider Suzlon Group on Tuesday said it has secured a 103.95 MW wind project from AMPIN Energy Transition. – Positive
· Electronics Mart India – Company started commercial operations of a multi-brand store under the "Bajaj Electronics" brand name in Srikakulam in Andhra Pradesh – positive
· HOAC – Company opens new spices and oil production unit at Haryana - positive
· Persistent Systems – Company has entered into a long-term strategic partnership agreement with Google Cloud, to drive innovative solutions using Google Cloud's advanced platforms and AI capabilities to develop innovative solutions tailored for various industries including BFSI, Healthcare and Life Sciences – Positive
· Mindspace – Company approve Rs650cr fund raising plan via bond issue– Positive
· GDL – Company sells land, building to Snowman Logistic for Rs20cr – Positive
· Union Bank – Company approved fund raising up to Rs 10,000 crore of which raising up to Rs 6,000 crore via FPO &/or rights issue and up to Rs 4,000 crore via bonds – Long term positive
Disclaimer - Investments in securities markets are subject to market risks. Please read all related documents carefully. To read complete disclaimer click on https://onlinetrade.motilaloswal.com/emailers/Disclaimer_SRSA/ResearchDisclosure.pdf
· Soda Ash stocks positive ANSAC Increases Export Soda Ash prices by US$25.00 per Metric Ton - American Natural Soda Ash Corporation ("ANSAC") announced that it is raising export soda Ash prices US$25.00/MT on all non-contract sales of soda ash and on contracted sales when contracts allow – Expect positive for Tata Chemical, DCW, GHCL, Punjab Chemical.
· Railtel – Company received a fresh order worth Rs 11.23 crores from the Ministry of Defense. – Positive
· Mahindra & Mahindra - Company reported production at 69,886 units (up 17.5% YoY) during the month of May and sales at 69,011 units (up 17.4% YoY. Company reported May exports sales at 2,671 units (up 2% YoY). – positive
· State Bank Of India - Company has launched 'SME Digital Business Loans' for loans to micro, small and medium enterprises. The product offered an end-to-end sanction with turnaround time of up to 45 minutes. - Positive
· Tata Steel – Company confirms to continue with announced closure of heavy end assets and restructuring program expresses concern at UK media reports on policy differences between UK Govt & opposition – positive
· Borosil Renewable – Company approves draft letter of offer for Rs 450 crore fundraise via rights issue- positive
· Tata Technologies – Company has announced that it has implemented SAP S/4HANA for Mitsubishi Electric India Pvt. Ltd., a key milestone in the ongoing transition of the company to digitalization, reads a statement released by the company. – Positive
· Suzlon - Renewable energy solutions provider Suzlon Group on Tuesday said it has secured a 103.95 MW wind project from AMPIN Energy Transition. – Positive
· Electronics Mart India – Company started commercial operations of a multi-brand store under the "Bajaj Electronics" brand name in Srikakulam in Andhra Pradesh – positive
· HOAC – Company opens new spices and oil production unit at Haryana - positive
· Persistent Systems – Company has entered into a long-term strategic partnership agreement with Google Cloud, to drive innovative solutions using Google Cloud's advanced platforms and AI capabilities to develop innovative solutions tailored for various industries including BFSI, Healthcare and Life Sciences – Positive
· Mindspace – Company approve Rs650cr fund raising plan via bond issue– Positive
· GDL – Company sells land, building to Snowman Logistic for Rs20cr – Positive
· Union Bank – Company approved fund raising up to Rs 10,000 crore of which raising up to Rs 6,000 crore via FPO &/or rights issue and up to Rs 4,000 crore via bonds – Long term positive
Disclaimer - Investments in securities markets are subject to market risks. Please read all related documents carefully. To read complete disclaimer click on https://onlinetrade.motilaloswal.com/emailers/Disclaimer_SRSA/ResearchDisclosure.pdf
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