Jet Airways के फाउंडर नरेश गोयल से पूछताछ कर सकता है ED

Jet Airways। इस बात के पूरे आसार हैं कि एनफोर्समेंट डायरेक्टोरेट Jet Airways के फाउंडर नरेश गोयल को नोटिस भेज सकता है। इकोनॉमिक टाइम्स के मुताबिक, इस मामले की जानकारी रखने वाले लोगों ने बताया कि Jet Airways में स्टेक सेल के दौरान कथित तौर पर की गई गड़बड़ियों को लेकर नरेश गोयल से पूछताछ किया जाएगा।

इसके साथ ही ED 650 करोड़ रुपए की टैक्स चोरी की भी जांच कर रहा है। एजेंसी यह पता लगाने की कोशिश कर रही है कि Jet Airways ने फॉरेन एक्सचेंज मैनेजमेंट एक्ट (FEMA) का उल्लंघन तो नहीं किया है। 

Jet Airways ने 2012 में पूर्ण स्वामित्व वाली जेट प्रिविलेज प्राइवेट लिमिटेड (JPPL) शुरू की थी। इस कंपनी में एतिहाद के 50.1 फीसदी हिस्सेदारी लेने के बाद इसे स्वतंत्र इकाई बना दिया गया। कंपनी में बाकी की 49.9 फीसदी हिस्सेदारी नरेश गोयल के पास थी। 2013 में एतिहाद ने Jet Airways में 24 फीसदी हिस्सेदारी खरीदी। ED ने पहले भी Jet Airways से कई बार JPPL में 15 करोड़ डॉलर में स्टेक सेल से जुड़े सवाल किए थे। लेकिन इस साल मई में ED के सीनियर अधिकारियों ने इस मामले विस्तृत तौर पर पूछताछ की।   

Jet Airways के शेयर 18 जून को गिरकर अपने ऑल टाइम लो पर पहुंच गए। इसके एक दिन पहले लेंडर्स ने कंपनी को बैंकरप्सी कोर्ट NCLT में ले जाने का फैसला किया था। Jet Airways की आखिरी उड़ान 17 अप्रैल को थी। तमाम कोशिशों के बावजूद कंपनी में हिस्सेदारी खरीदने को लेकर कोई पुख्ता प्रस्ताव नहीं आया था।

ED अब यह पता लगाने की कोशिश कर रहा है कि एतिहाद ने कंपनी में हिस्सेदारी खरीदने से पहले FIPB से सभी जरूरी मंजूरी हासिल किए थे या नहीं।

इस मामले की जानकारी रखने वाले एक शख्स ने बताया कि शुरुआती जांच से ऐसे संकेत मिल रहे हैं कि कंपनी ने FDI नियमों का उल्लंघन किया है। Jet Airways ने इसके लिए -एयर ट्रांसपोर्ट सर्विस फर्म- टर्म का इस्तेमाल किया है।

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IndiGo operator gains as Morgan Stanley sees raises target price

Shares of InterGlobe Aviation, the operator of low-cost carrier IndiGo, gained another one percent intraday on June 19 after global brokerage Morgan Stanley said it expects 28 percent potential upside from the current level.

"We maintain overweight call on the stock with a target price at Rs 2,132 after the company ordered CFM LEAP-1A engines worth $20 billion," the research firm said.

Order changes supplier for Neo engines from Pratt&Whitney to CFM and company may also gain from fleet mix changes as Neos come in, it added.

"We are positive on the stock due to market share gains and improving competitive landscape," Morgan Stanley said.

IndiGo, on June 17, ordered CFM International LEAP-1A engines to power its 280 Airbus A320neo and A321neo aircraft. The contract includes spare engines and an overhaul support agreement.

Global brokerage house Credit Suisse, on June 18, also maintained outperform call on the stock and raised the target price to Rs 1,900 from Rs 1,800 after upgrading earnings growth estimates to 16/18 percent for FY20/21.

The stock rallied 51 percent in the last six months on the back of gaining market share from Jet Airways and stable crude oil price. At 0920 hours IST, it was quoting at Rs 1,677.25, up Rs 14.05, or 0.84 percent on the BSE.

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Market Live: Nifty opens above 11,750, Sensex up 300 pts; Tata Steel gains 3%

Market Opens: It is a strong start for the Indian indices on June 19 with Nifty above 11,750 level.

At 09:18 hrs IST, the Sensex is up 267.07 points or 0.68% at 39,313.41, and the Nifty up 81.90 points or 0.70% at 11,773.40. About 523 shares have advanced, 288 shares declined, and 33 shares are unchanged 

Tata Steel, Tata Motors, Indiabulls Housing, NMDC, JSPL, SAIL, Bank of Baroda, Bank of India, SBI and Ashok Leyland are among major gainers on the indices, while losers are BPCL, IOC and Britannia. 

All the sectoral indices are trading higher led by PSU bank, metal, infra, auto, energy, IT and pharma.

Rupee Opens: The Indian rupee opened higher by 14 paise at 69.56 per dollar on Wednesday versus Tuesday's close 69.70.

Market at pre-open: Benchmark indices are trading positive in the pre-opening session with Nifty above 11,700 level.

At 09:02 hrs IST, the Sensex is up 65.01 points or 0.17% at 39111.35, and the Nifty up 49.80 points or 0.43% at 11741.30.

Technical Analyst, Prakash Gaba:

The Nifty has unfolded weak and has traded lower but has closed mildly in the green. Technically now 11,606 is a support to deal with and upside to 11,818 is not ruled out.

The Nifty Bank unfolded and traded weak but has closed flat for the day. Technically now 30,155 is a support and upside to 30,819 is not ruled out.

Crude Update: Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a US-China trade deal and on continued tensions in the Middle East after tanker attacks there last week.

Wall Street ends higher: Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will cut interest rates this year.

SGX Nifty: Trends on SGX Nifty indicate a positive start for the broader indices in India, a gain of 44 points or 0.38 percent. Nifty futures were trading around 11,756-level on the Singaporean Exchange.

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Soybean prices are expected to trade sideways today: Angel Commodities

NCDEX Jul Soybean fell 1.5% on Monday on profit booking as there are chances of higher planting this season but monsoon rains will be very crucial. As per farm ministry, acreage under soybean was 37,000 ha so far, lower than 75,000 ha from a year ago. As per latest SOPA press release, soybean arrivals for the Oct-May period pegged at 84.75 lt, up by 19.4% on year. Until April, country crushed about 67.8 lt of soybean compared to 60.5 lt last year. In the 3rd advance estimates, government increased production forecast of soybean to 137.43 lt (Vs 109.33 last year). As per SEA, country export only export 40,000 tonnes of soy meal in May down 41.4% y/y. Moreover, for Apr-May period, India shipped out about 58,470 tonnes of soybean meal down 59% compared to last year. USDA in its monthly report forecast output at 109 lt in 2019/20, down 5% compared to last year. Lower crude soybean oil stocks at port may support soybean but lowering of tariff on edible oils and lower soyoil in international market pressurize soybean. CBOT Soybean surged to two-month high on forecasts for wet conditions in the U.S. Midwest which will further slow planting progress.

Outlook

Soybean futures expected to trade sideways due to reports of higher acreage this season. Moreover, increase edible oil imports will put extra pressure on Oilseeds as the sowing season approaching.

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जानकारों के पसंदीदा शेयर, मिलेंगे अच्छे रिटर्न

आइए जानते हैं बाजार के जानकारों के कुछ ऐसे पसंदीदा शेयर जो देंगे आपको बेहतर कमाई के मौके।

LFS ब्रोकिंग के राजेश सातपुते की ट्रेडिंग टिप्स

डीसीबी (फ्यूचर): बेचें, स्टॉपलॉस-233 रुपये, लक्ष्य-221 रुपये

हिंडाल्को (फ्यूचर): बेचें, स्टॉपलॉस-198 रुपये, लक्ष्य-190 से 186 रुपये

चॉइस ब्रोकिंग के सुमीत बगडिया की ट्रेडिंग टिप्स

डाबर: खरीदें, स्टॉपलॉस-390 रुपये, लक्ष्य-410 से 415 रुपये

भारती एयरटेल: बेचें, स्टॉपलॉस-351 रुपये, लक्ष्य-335 से 330 रुपये

पीईएल: खरीदें, स्टॉपलॉस-35 रुपये, लक्ष्य-70 से 80 रुपये

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Did you notice? SBI Life Insurance, Shree Cement entered $10 bn club in 2019

The market rewards consistency, quality of management and earnings growth. SBI Life Insurance and Shree Cements which rose 17 percent and 19 percent in 2019, so far, entered the $10 billion club (market cap over Rs 69,000 crore).

As of June 11, 2019, as many as 42 stocks have a market capitalisation of over Rs 69,000 crore or $10 billion (Re/USD value 69). These include Godrej Consumer, Britannia Industries, Avenue Supermarts, Sun Pharma, IndusInd Bank, Titan Company, NTPC, Asia Paints, Coal India, Maruti Suzuki, ICICI Bank, Kotak, SBI among others.

Meanwhile, Tata Consultancy Services and Reliance Industries are the only two stocks in the elite $100 billion club (Mcap over Rs 6,90,000 crore).

Shree Cements and SBI Life entered the $10 billion club in 2019, while JSW Steel and Vedanta which were quoting a market capitalisation of over Rs 69000 crore on December 31, 2018, failed to sustain momentum and are out of the club.

While JSW Steel fell 11 percent, Vedanta saw a decline of 15 percent so far this year, which reduced the market capitalisation of both companies below Rs 69,000 crore, as of June 11.

Most brokerage firms remain positive on Shree Cement and SBI Life Insurance and investors who hold these stocks should stay put.

Nomura maintained its Neutral rating on Shree Cements with a target price of Rs 21,500. Volume growth remains healthy for the cement major and, at the same time, the costs are also easing which is a healthy sign.

The rally has been driven by expectations of cement price hikes. “We believe cement is in an upcycle, but we think cement price increase may remain slow, especially after the government’s recent criticism of rising cement prices,” said the note.

“Despite a 5 percent decline since this criticism, valuations at 6.4x FY21F core EBITDA and 33x FY21 P/E are expensive. Overall, we expect 11 percent YoY volume growth for Shree in FY20-21F,” said the note.

As for SBI Life Insurance, Kotak Securities retained its buy rating with a target price of Rs 800. SBI Life reported 14 percent growth in APE in 4QFY19, which was in line with 9MFY19 growth rate, though lower than 17 percent reported in 3QFY19.

Kotak Securities expects SBI Life to deliver 18 percent medium-term operating RoEV with 19 percent VNB (Value of new business) and 19 percent EVOP (Embedded value operating profit) CAGR during FY2019-22E.

The brokerage firm continues to build in high-teens growth and a moderate improvement in VNB margins to drive 18 percent operating RoEV. The brokerage firm also raised the fair value of SBI Life Insurance to Rs 800 from Rs 790 earlier.

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Rupee opens higher at 69.83 per dollar

The Indian rupee opened higher at 69.83 per dollar on Tuesday versus previous close 69.90.

On June 17 local currency fell 11 paise to end at 69.91 against US dollar on the back of sell-off in domestic equity market amid concerns over trade worries.

Rupee came under pressure but consolidated in narrow range ahead of the important major central bank policy statements that will be released later this week. Most Asian currencies are consolidating ahead of the important FOMC policy statement and that could provide a trigger to major crosses as well as to the rupee, said Motilal Oswal.

Expectation is that the central bank could remain dovish and any hints towards rate cut by the Fed could put the greenback under pressure.

Today, USDINR pair is expected to quote in the range of 69.40 and 70.05-70.20, it added.

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Market Live: Nifty opens above 11,700, Sensex up 100 points; Mcleod Russel falls 4%

Market Opens: It is a firm opening for the benchmark indices on June 18 with Nifty around 11,700.

At 09:17 hrs IST, the Sensex is up 114.52 points at 39,075.31, while Nifty is up 33.80 points at 11706. About 403 shares have advanced, 226 shares declined, and 25 shares are unchanged. 

IndusInd Bank, Axis Bank, ITC, Maruti Suzuki, Tata Motors, Tata  Steel, Zee Entertainment are some of the major gainers on the indices, while losers are SBI, Yes Bank, Indiabulls Housing, HUL and ONGC. 

Among the sectors, except FMCG all other indices are trading in the green led by metal, pharma, infra, auto and bank.

Rupee Opens: The Indian rupee opened higher at 69.83 per dollar on Tuesday versus previous close 69.90.

Market at pre-open: Indian indices are trading firm in the pre-opening session on June 18.

At 09:02 hrs IST, the Sensex is up 180.85 points or 0.46% at 39141.64, and the Nifty up 29.10 points or 0.25% at 11701.30.

Brokerages View: Source: CNBC-TV18:

Citi on Bharti Airtel

Buy rating, target raised to Rs 405 from Rs 370 per share

Increase FY20-22 EBITDA estimate by 3-4%

Buy rating is based on its relatively healthier B/S than Vodafone Idea

Citi on Piramal Enterprises

Neutral call, target at Rs 2,640 per share

Proceeds from Shriram stake sale could be used to capitalise lending business 

Proceeds from Shriram stake sale may be used to support organic growth

Transaction does not remove possibility of merger of Shriram companies

Credit Suisse on IndiGo

Maintain outperform, target raised to Rs 1,900 from Rs 1,800 per share

Yield spike almost gone; positive on companies positioning, sector & modest competition

Citi on Realty Companies

Residential demand continues to see gradual recovery

New launches seems to bottom out

Prices remains steady in residential space

Commercial demand showing some weakness

Phoenix Mills & Oberoi Realty are our top picks given healthy balance sheet

Maintain sell on DLF given its expensive valuations

Morgan Stanley on HDFC AMC

Overweight call, target at Rs 2,000 per share

Co to provide liquidity arrangement to FMPs impacted by Essel exposure

CLSA on Coal India

Maintain buy rating, target at Rs 290 per share

Optimistic on volume growth and costs, yet no visibility on price hikes

CLSA on Oil & Gas

Unlike 2014, this crude correction may be a warning sign for refiner

Current crude correction similar to those seen in 1997, 2001 and 2008

OMC upmoves may soon be met with a wall of refining worry 

Have sell call on IOC, BPCL & HPCL; Buy on ONGC & Oil India

ONGC & Oil India offer much better risk-rewar

Wall Street ends higher: On Monday, the Dow Jones Industrial Average rose 22.92 points, or 0.09%, to 26,112.53, the S&P 500 gained 2.69 points, or 0.09%, to 2,889.67 and the Nasdaq Composite added 48.37 points, or 0.62%, to 7,845.02.

Asian markets trade mixed: Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gains of 13.50 points or 0.12 percent. Nifty futures were trading around 11,711.50-level on the Singaporean Exchange.

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Jet Airways के शेयरों में 15% की गिरावट, जानिए क्या कहा है PMO ने?

Jet Airways के शेयरों में लगातार आठवें दिन गिरावट आई है। PMO कर्ज में डूबी एयरलाइन कंपनी की समीक्षा करवाना चाहता है। इस खबर के बाद सोमवार को मार्केट खुलने पर Jet Airways के शेयरों में 14.9 फीसदी की गिरावट आई। 9.35 पर Jet Airways के शेयर 14.9 फीसदी टूटकर 69.75 रुपए पर ट्रेड कर रहे थे।

सूत्रों के मुताबिक, PMO ने रेवेन्यू डिपार्टमेंट को बकाया टैक्स का आंकलन लेने को कहा है। साथ ही पीएम को प्रमुख सचिव नृपेंद्र मिश्रा ने कॉरपोरेट अफेयर्स मिनिस्ट्री से 14 जून को मुलाकात की और NCLT में इस केस पर नजर रखने का निर्देश दिया है।

जेट के शेयरों मे पिछले एक महीने में 42 फीसदी, 2019 में 74 फीसदी और पिछले एक साल में 81 फीसदी की गिरावट देखी गई है। BSE सेंसेक्स में आज सुबह जेट के शेयर 14.9 फीसदी की गिरावट के साथ कीमत 69.75 पर आ गई है। वहीं एनएसई में 28 जून से ट्रेडिंग बंद होने की वजह से पिछले हफ्ते 35 फीसदी की गिरावट दर्ज हुई। नकदी की किल्लत से जेट का ऑपरेशन अप्रैल से बंद है। लेंडर्स जेट के रिवाइवल पर काम कर रहे हैं।

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मॉनसून में देरी से सोयाबीन उछला, एग्री में क्या हो रणनीति

आधा जून खत्म हो गया और मॉनसून पूरी तरह से तमिलनाडु से आगे नहीं बढ़ सका है। हालांकि पूर्वोत्तर के ज्यादातर इलाकों में मौजूदगी दर्ज कराने के बावजूद मॉनसून उत्तरी कर्नाटक को सिर्फ किसी तरह से छू सका है। मध्य भारत से मॉनसून अभी भी काफी दूर है। इलाके में बेहद भीषण गर्मी पड़ रही है। जबकि सोयाबीन और कपास की खेती का वक्त आ चुका है। ऐसे में मौसम की जानकारी देने वाली कंपनी स्काईमेट ने पहले ही खरीद की बुआई में देरी की आशंका जताई थी।

इस बीच खेती वाले इलाको में बारिश की देरी से सोयाबीन का दाम 3 हफ्ते की ऊंचाई पर चला गया है। दरअसल देश का करीब 85 फीसदी सोयाबीन मध्यप्रदेश और महाराष्ट्र में पैदा होता है। और इस इलाके में अभी भी मॉनसून पहुंच नहीं सका है।  वहीं इलायची में आज लगातार 7 दिन तेजी का रुख है और वायदा में 4 फीसदी का ऊपरी सर्किट लगा चुका है। हाजिर में भाव 3100 रुपए के ऊपर है। इस साल पैदावार पिछले 20 साल के निचले स्तर पर है।

वहीं नॉन एग्री कमोडिटी में बेस मेटल में तेजी का रुख है। कॉपर समेत सभी मेटल तेज हैं और निकेल पिछले 2 महीने की ऊंचाई पर चला गया है। 

निर्मल बंग कमोडिटीज की निवेश सलाह

एमसीएक्स लेडः खरीदें 153 रुपये, स्टॉपलॉस 151.9 रुपये, लक्ष्य 155.90 रुपये

एमसीएक्स सोनाः खरीदें 33000 रुपये, स्टॉपलॉस 32810 रुपये, लक्ष्य 33340 रुपये

एमसीएक्स कच्चा तेलः खरीदें 3650 रुपये, स्टॉपलॉस 3605 रुपये, लक्ष्य 3730  रुपये

एनसीडीईएक्स सोयाबीनः बेचें 3760 रुपये, स्टॉपलॉस 3805 रुपये, लक्ष्य 3710 रुपये

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सरकारी बैंकों को मिल सकते हैं 30,000 करोड़ रुपये

देश की आर्थिक वृद्धि सुस्त पड़ने से मोदी सरकार सरकारी बैंकों को रकम मुहैया कराने के लिए विचार विमर्श कर रही है। उम्मीद है कि इस आम बजट में सरकारी बैंकों को तकरीबन 30,000 करोड़ रुपये तक मिल सकते हैं।

वित्त मंत्री निर्मला सीतारमण 5 जुलाई को बजट पेश करेंगी। इसी दौरान वित्त मंत्री सरकारी बैंकों को 30,000 करोड़ रुपये देने का एलान कर सकती हैं। साल 2018-19 में आर्थिक वृद्धि दर में 6.8 फीसदी की गिरावट आ गई है। ऐसे में सरकार के पास वृद्धि तेज करने की चुनौती है। इसमें बैंकिंग सेक्टर का अहम योगदान रहेगा।

सरकारी बैंकों को निजी और व्यावसायिक काम के लिए पर्याप्त पूंजी की आवश्यकता होगी। इसके अलावा आरबीआई के पीसीए ढांचे के तहत पांच कमजोर बैंकों को बासेल-3 नियमों के तहत जरूरी पूंजी बनाये रखने की भी जरूरत होगी।

सूत्रों ने बताया कि अगर सरकार बैंक ऑफ बड़ौदा की तरह कुछ अन्य बैंकों के विलय पर विचार करती है तो उसके लिए भी अतिरिक्त पूंजी की आवश्यकता होगी। दरअसल बीओबी में देना बैंक और विजया बैंक के विलय के कारण अतिरिक्त खर्च की पूर्ति के लिए सरकार ने 5,042 करोड़ रुपए की पूंजी नए बैंक में डाली थी। सरकार ने पिछले वित्त वर्ष में सार्वजनिक क्षेत्र के बैंकों को 1,06,000 करोड़ रुपए की पूंजी उपलब्ध कराई थी।

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'Upside for Nifty capped at 12,000; deploy Call Butterfly Spread'

Nifty and Bank Nifty witnessed volatile swings on either side throughout last week. Nifty spot touched an intraday high of 12,000 and ended the week in red down 0.4 percent. Bank Nifty followed Nifty and was down about 1.45 percent on a week on week basis.

Bank Nifty weekly options data depicts the highest Put base at 30,000 that can act as possible support and highest Call OI is placed at 31,000, which can be immediate resistance.

Nifty Options data for the weekly expiry shows highest Put OI is placed at 11,800, which can act as vital support while on the upside, aggressive call writing of around ~21.89 lakh shares is seen at 11,900/12,000 which can act as immediate resistance.

Over the week, India VIX was down 120 basis point to end at 13.66 indicating low volatility in the market. Meanwhile, Nifty PCR open interest (OI) increased 6 basis point to 1.4682 suggesting positive sentiment in the market.

On a week-on-week basis, OI activity was not too emphatic to signify any alteration to original long-long Unwinding Structure, with heavy PE OI at 11,800 that could act as possible support.

The upside remains capped by aggressive call writing of around ~21.89 lakh at 11,900-12,000.

Moderately bullish strategy Call Butterfly Spread is suggested for this week. Call Butterfly Spread is bullish to rangebound strategy that offers decent risk-to-reward ratio for traders at a low cost.

In this strategy, we need to buy 1 ATM Call, Sell 2 OTM Calls near target level and Buy 1 further OTM call to hedge the risk.

The maximum profit in this strategy is at Call written strike. As theta decay is fast in weekly options, it is idle for deploying Call Butterfly Spread.

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Rupee opens flat at 69.80 per dollar

The Indian rupee opened flat at 69.80 per dollar on Monday versus Friday's close 69.80.

On June 14 the domestic currency slipped 30 paise to end at 69.80 against US dollar on strengthening greenback and increasing crude oil prices kept the investors cautious.

Also read - Rupee may remain under pressure amid widening trade deficit, attack on crude tankers

Rupee continued to consolidate in narrow range for the whole week but today in the Asian session came under pressure following broad based strength in the dollar. This week, on the domestic front, no major economic numbers are expected to release and that could keep the volatility low for the currency. Today, USD-INR pair is expected to quote in the range of 69.40 and 70.05-70.20, said Motilal Oswal.

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Market Live: Nifty around 11,750, Sensex falls 200 pts; Shriram Transport tanks 6%

Buzzing: ITC shares fell after global brokerage house CLSA slashed price target on lower cigarette multiple.

Gold Update: Gold prices on Monday edged away from a 14-month peak hit in the previous session, with the dollar gaining after encouraging US retail sales data tempered fears about a sharp downturn in the world's largest economy.

Market Update: Benchmark indices extends the losses with Nifty around 11,750 level.

At 10:01 hrs IST, the Sensex is down 189.48 points at 39,262.59, while Nifty is down 63.10 points at 11,760.20. About 515 shares have advanced, 1075 shares declined, and 99 shares are unchanged.

Buzzing: Shares of Shriram Transport Finance Corporation fell 6.5 percent on June 17 after about 10 percent equity changed hands via block deals in early trade on the NSE.

Dollar Update: The dollar hovered near a two-week high early on Monday, as strong US retail sales data tempered some of the fears about a sharp downturn in the world’s largest economy.

Crude Update: Oil prices rose on Monday after US Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.

Market Opens: It is a weak start for the benchmark indices on June 17 with Nifty around 11,800 level.

At 09:17 hrs IST, the Sensex is down 47.78 points or 0.12% at 39404.29, and the Nifty down 22.90 points or 0.19% at 11800.40. About 298 shares have advanced, 490 shares declined, and 61 shares are unchanged. 

Cadila Healthcare, Aurobindo Pharma, Asian Paints, L&T, Titan Company, ICICI Bank, M&M are some of the major gainers on the indices in the early trade, while losers are Shriram Transport, JSW Steel, Tata Steel, Axis Bank and IndusInd Bank. 

Among the sectors, except infra, all other sectoral indices are trading lower.

Rupee Opens: The Indian rupee opened flat at 69.80 per dollar on Monday versus Friday's close 69.80.

  

Market at pre-open: Benchmark indices are trading firm in the pre-opening session on June 17.

At 09:02 hrs IST, the Sensex is up 53.67 points or 0.14% at 39505.74, and the Nifty up 58.60 points or 0.50% at 11881.90

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मॉनसून में देरी से पानी की किल्लत, एक्शन में सरकार

मॉनसून में देरी से पानी की किल्लत बढ़ता जा रहा है। केंद्रीय जल आयोग ने कहा है कि देश भर के जलाशयों में पूरी क्षमता का सिर्फ 18 फीसदी पानी मौजूद है। पिछले एक हफ्ते में इसमें करीब चार परसेंट की गिरावट आई है। जिसमें देश के पश्चिमी हिस्से में दिक्क्त ज्यादा है। इस बीच वायु तूफान की वजह से मॉनसून की चाल कमजोर पड़ गई है और अभी तक ये कर्नाटक और तमिलनाडु से आगे नहीं बढ़ सका है। ऐसे में मध्यप्रदेश, महाराष्ट्र समेत देश के बाकी हिस्सों में खेती में देरी की अटकलें हैं।

भीषण गर्मी में पानी के लिए मचे हाहाकार को लेकर सरकार भी एक्शन में आ गई है। कल दिनभर इस बात पर मंथन होगा कि पानी की किल्लत कैसे दूर की जाए। नीति आयोग के गवर्निंग काउंसिल की बैठक में पीएम मोदी के साथ सभी राज्यों के मुख्य मंत्री और कैबिनेट मंत्री भी शामिल होंगे।

नीति आयोग गवर्निंग काउंसिल की ये बैठक प्रधानमंत्री नरेंद्र मोदी की अध्यक्षता में की जायेगी। इस बैठक में जल संकट मुख्य मुद्दा होगा। बैठक में सूखे का आकलन और उपायों पर भी चर्चा होगी। रेन वाटर हार्वेस्टिंग को बढ़ावा अहम मुद्दा होगा। इसके अलावा इस बैठक में कृषि क्षेत्र में बुनियादी सुधार और पिछड़े जिलों की चुनौतियां से निपटने की रणनीतियों पर भी चर्चा होगी।

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With all eyes on Fed policy, G-20 meet, gold to shine; oil on the boil ahead of OPEC meet

A weak dollar, dovish Fed signals and safe-haven buying led to gold closing in the green for the second week. The yellow metal climbed above $1,350, a level that was last seen in April 2018. Weaker-than-forecast economic releases held the dollar down, favouring the yellow metal's price rise.

Filings for United States unemployment benefits increased, rising to a five-week high and adding to signs of potential cooling in the labour market. A closely-watched measure of US inflation, the core consumer price index, rose 2 percent from a year earlier, against a survey of a 2.1 percent increase.

In May, the US's $207.8-billion budget deficit was up from $146.8 billion in the corresponding month the year prior. Other data showed US import prices in May fell by the most in five months in the latest indication of subdued inflation pressure, adding to expectations that the Fed would cut rates this year.

Safe-haven-asset buying emerged as US President Donald Trump threatened to again raise tariffs on China if President Xi Jinping did not meet him at the forthcoming G-20 summit in Japan. President Trump said he would impose tariffs of 25 percent, or ‘much higher than 25 percent’ on Chinese goods worth $300 billion.

Crude oil experienced another negative week. Prices of crude rebounded as tanker attacks in the Gulf increased prices only slightly; they have already been hammered by the deepening trade war and swelling US stockpiles.

As per the US trade association API and Energy Information Administration (EIA), inventories for yet another week have risen.

The US blamed Iran for the attacks on two oil tankers in the Gulf of Oman on June 13, driving up oil prices and raising concerns about a new US-Iranian confrontation. Tehran bluntly denied the allegation.

In a monthly report, OPEC said that international trade tensions are hurting demand for oil, slashing its earlier estimates of consumption and predicting further challenges ahead. The Organization is due to meet in the coming weeks to set production levels for the second half of the year.

Meanwhile, the Saudi Arabian Energy Minister Khalid A Al-Falih said he was confident that OPEC would extend output cuts into the second half of the year after holding talks with Russia.

Next week will be crucial for commodities. The US Empire State manufacturing index, building permits, housing starts and existing-home sales for May will be released. Hence, the greenback is likely to be choppy.

Next week, Central banks of the US, Japan and the UK will have their quarterly monetary-policy meetings to decide interest rates. The most important would be that of the Federal Reserve.

In the light of the weaker-than-forecast economic growth, the cooling labour market, rising unemployment benefits and the mounting budget deficit, calls for a rate cut has increased.

Dovish hints from the Fed have provided additional fuel to traders. The odds of the Fed’s dovish shock with a 25bp cut in rates next week are close to 33 percent, according to CME’s Fed Watch tool.

Meanwhile, China's commerce ministry said Beijing will not yield to any 'maximum pressure' from Washington, and attempts by the US to force China into accepting a trade deal would fail. Therefore, we expect more inflows into SPDR gold exchange-traded funds (ETFs), which would further support a rise in gold prices.

Great volatility is expected in crude oil ahead of OPEC’s meet in Vienna in the last week of June. Any unpredictable development in US-China trade relations may dampen the sentiment for oil.

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छोटे कर्मचारियों को अब ज्यादा मिलेगी सैलरी!

15 हजार के कम कमाने वाले नौकरी-पेशा लोगों को सरकार ने बड़ी राहत दी है। सरकार ने कर्मचारी राज्य बीमा निगम यानी ESIC के तहत योगदान में कटौती कर दी है। इस फैसले से कर्मचारियों के हाथ में ज्यादा सैलरी आएगी और करीब तीन करोड़ 60 लाख कर्मचारियों को इसका फायदा होगा। ESI में कटौती के बाद अब कर्मचारियों का योगदान सिर्फ 0.75 फीसदी रह गया है जबकि नियोक्ता का योगदान 4 फीसदी रह गया है जो पहले 6.5 फीसदी था। फैसले से इंडस्ट्री को सालान करीब 500 करोड़ की बचत भी होगी। नया नियम 1 जुलाई से लागू होगा।

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As stocks dwindle, downside in castor seed seems limited: Anand Rathi

After falling consistently since the beginning of the month, prices of most agricultural commodities rebounded on June 11. Despite a delay in the onset of the south-west monsoon, markets are optimistic that kharif sowing would begin on time.

The private weather agency, Skymet, reports that, for the first 10 days of the month, the cumulative deficiency has risen to 46 percent, taking into account region-wise pre-monsoon deficiencies for that period.

Northwest India is 40 percent short, while the deficiency in one of the rainiest regions, Central India, is the most, at 66 percent. Thus, responding to the weak monsoon progress, prices of kharif and rabi commodities rose significantly from a one-month low.

In soybean, however, only a thin recovery was seen. With the onset of the monsoon, soybean prices generally decline and the fall continues as long as the monsoon advance over the land mass and rainfall distribution is favourable.

In fact, any price rise arising from the present weak monsoon phase would be short-lived, and pressure on prices might again pile up once rainfall increases. Most weather models suggest a more normal monsoon from July. Thus, subsequent spells of rain would raise prospects of a good yield.

Cotton acreage may be slightly lower this season, particularly in Maharashtra, where farmers might prefer soybean to the fibre crop. But, expectations of good rainfall in the later months are upbeat. Accordingly, we don't see any major movement either side in cotton prices.

For prices of rabi commodities, the sentiment is mostly positive as physical supplies have started dwindling. In fact, a rally is due in most rabi commodities, including mustard, chana, coriander and jeera. Supplies of chana and coriander may be squeezed due to lower output in the current season, while jeera would be firm due to robust exports for the second year in a row. A bumper mustard crop has been seen this season, and crushing is on in full swing amid hopes of meal exports. Thus, despite greater output, prices of mustard are likely to be firm.

The market is quite optimistic about castor sowing in the forthcoming season,i.e., 2019-20. But, castor oil exports have hit current season' stocks. The new crop would be available only after six months. Thus, any downside in castor seed seems to be restricted while there are good prospects of an upside.

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Dr Reddys Labs slips 2% on agreement to sell neurology branded products

Dr Reddy's Laboratories shares fell 1.7 percent intraday on June 14 despite company entered into a definitive agreement to sell its neurology branded products.

"We have entered into a definitive asset purchase agreement with Upsher-Smith Laboratories, LLC (Upsher-Smith), pursuant to which we would sell US and select territory rights for Zembrace Symtouch (sumatriptan injection) 3 mg and Tosymra (sumatriptan nasal spray) 10 mg," the drug maker said in its filing.

The company will commercialise these products through its wholly owned subsidiary, Promius Pharma, LLC, it added.

Under the agreement, Dr Reddy's said it would receive $70 million as upfront consideration, $40.5 million in near term milestones and additional financial considerations including, existing contractual obligation and inventory.

Subsequently, it will receive sales-based royalties on a quarterly basis, the company added.

"Tosymra and Zembrace were designed and developed with the goal of addressing unmet needs of large but discrete segments of patients suffering from episodic migraine who need options other than their current therapies," said Anil Namboodiripad, Senior Vice President, Proprietary Products and Head, Promius Pharma.

The stock was quoting at Rs 2,549.00, down Rs 37.15, or 1.44 percent on the BSE at 10:18 hours IST.

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जेट के शेयरों में 23% की गिरावट, 28 जून से NSE सस्पेंड करेगा ट्रेडिंग

Jet Airways। जेट एयरवेज की रिकवरी की उम्मीद जैसे-जैसे खत्म हो रही है इसके शेयरों में गिरावट बढ़ती जा रही है। गुरुवार को बाजार खुलने के बाद  Jet Airways के शेयरों में 23 फीसदी की गिरावट आई है। कंपनी के शेयर अब 86.55 रुपए पर ट्रेड कर रहे हैं.

NSE ने बताया कि Jet Airways की ट्रेडिंग 28 जून से बंद हो जाएगी। माना जा रहा है कि Jet Airways के बारे में फैली अफवाहों की वजह से Jet Airways के शेयरों में गिरावट आई है।

सुबह 9:30 बजे BSE सेंसेक्स में जेट के शेयरों में 12.7 फीसदी की गिरावट के साथ 95.90 रुपये पर इसका भाव आ गया। वहीं इसके मुकाबले निफ्टी 50 में 22.35 अंकों की गिरावट के साथ 11,883.85 पर था। पिछले हफ्ते स्टॉक में 21 फीसदी गिरा है। जबकि इस साल 64 फीसदी की गिरावट देखी गई।

स्टॉक एक्सचेंज का कहना है कि जेट के शेयरों को ट्रेड फॉर टेंड सेगमेंट में 28 जून से मूव कर दिया जाएगा। इसके तहत आप डिलिवरी ले सकते हैं। लेकिल सेल या बॉय नहीं कर सकते है। कुल मिलकार इंट्रा डे ट्रेड नहीं कर सकते हैं। उधर एनएसई का कहना है कि जेट एयरवेज ने अभी तक अपने नतीजे नहीं दिए हैं।

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