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RBI raises Rs 20000 cr in biggest-ever bond auction


RBI_190The Reserve Bank of India on Thursday fully sold the Rs 20000 crore worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.

The 10-year benchmark bond yield fell 4 basis points to 8.93 percent from 8.97 percent before the auction results after the better-than-expected cutoffs.

The yield was down 3 bps on the day. The RBI set the cut-off price for 8.35 percent 2022 bonds at Rs 95.45, yielding 9.1584 percent, while the cut-off price for 8.24 percent 2027 bonds were set at Rs 92.05, yielding 9.3122 percent.

The cut-off for 9.20 percent 2030 bonds were set at Rs 99.50, yielding 9.2585 percent, while 9.23 percent 2043 bonds were set at Rs 99.27, yielding 9.3004 percent.

General Electric profits top estimates as order backlog grows


The word conglomerate might as well have been invented to describe General Electric. It makes everything from x-ray machines to wind turbines.

However, that wasn’t enough to prevent America’s best-known conglomerate reporting that first-quarter profits fell $2.99bn, or 30 cents a share, from $3.52bn, or 35 cents a share, in the first three months last year. Revenues slipped 2 per cent to $34.2bn.

With discontinued operations stripped out, GE said it earned 33 cents a share, topping Wall Street’s estimates of 32 cents.

Chief executive Jeff Immelt, who has had the top job for more than a decade, is trying to return GE to its manufacturing roots after its lending and consumer finance business scarred the company during the financial crisis. The North American consumer finance business is, for example, being spun off this year.

GE, which divides its sprawling industrial business into seven divisions, including aviation and healthcare, said that its order backlog reached a record $245bn.

Indian liquor industry growing at 8%


mc3Diageo has made an open offer to all public shareholders of United Spirits (USL) to acquire an additional 26 percent stake in the company, which will increase Diageo’s holding in USL to 54.78 percent.

The open offer has been priced at Rs 3030 per share, which is a 22.5 percent premium to the price at which Diageo last acquired USL shares on January 31, 2014. With Diageo displaying an increased level of confidence in United Spirits, growth prospects of Indian liquor business can be looked into. Abhijeet Kundu, FMCG Analyst, Antique Broking and K Laxmi Narasimhan, Deputy MD, Tilaknagar Industries , give us an overview.

Kundu feels that individual investors should tender to USL open offer as it provides an attractive exit price. With all positives already factored into USL stock, Antique Broking sees a likely re-rating for most liquor companies. Narasimhan of Tilaknagar Industries, which mainly focuses on brandy and rum, said the Indian liquor industry for long has been under-rated, adding the country’s branded liquor business stands around Rs 1.2 lakh crore.

Market leader of brandy in South India, the company’s branded liquor sale is over Rs 6,000 crore. Tilaknagar Industries, which has been maintaining a compounded annual growth rate (CAGR) of around 25 percent for the last four years, sees the alcohol industry growing at 8 percent pace.

Muthootfinance Crossed Breakout level 179


 

muthoot

Morning posted Clients Special call MUTHOOTFINANCE

We have Recommend to our Hot Call clients MUTHOOTFIN @ 179

Target given 186 and Stop-loss 176……..

Now kissed our Target!!!

Strong Breakout level crossed Today…… shortly will test 225+

Hold for Target 225++ with tight stop-loss ??

Updated : 02.12pm / 17th April’14

Nifty 6800CE Bought at 13 now Trebled… still hold position!!!


 double

Today Morning we have Recommend NIFTY 6800CE at 13

 Nifty Future also recommend buying @ 6722 ( See previous posting)

See now both Recommends Rocked now……..

Nifty Future currently trading 6793……… and 6800ce 40

If sustain above 6795 with 20 minutes…….. Blast upto 6825 & 6855 levels

More live market update to our clients only

Updated : 02.05pm / 17th April’14

India’s ratings to depend on next govt’s policies: S&P


Standard and Poor’s may upgrade India’s outlook if the government that is elected next month addresses some of the country’s fiscal and economic challenges through steps such as passing a goods and services tax.

“If in the future they implement policies that effectively addresses some of the credit weaknesses that I have highlighted, we could revise the outlook to stable again,” said S&P senior director Kim Eng Tan in a webcast.

“In the absence of effective policy action, we could lower the ratings on the sovereign,” he added. S&P rates India at “BBB-minus” and is the only of the three major credit agencies to have a “negative” outlook.

Nifty Future Rocked after crossed 6722 level……..


nifty 3

Morning we have written Nifty Future if cross 6722……. Correction is over!!!

Same level we have Recommend to our clients

“Buy Nifty Future above 6722……… Target 6755 & 6775 stop-loss 6704″

See now our 1st Target Achieved 6755!!!

Same time we have Recommend 6800CE at 13…..

Now magic figure 6795……. Thereafter we see Big Blast of NF…….

bomb1Updated : 10.54am / 17th April’14

10 Benefits of Watermelon….


watermelon

Google Q1 revenue misses Wall Street targets


googleGoogle Inc’s Internet business revenue grew 19 percent in the first quarter, falling short of Wall Street targets as the price of its online ads continued to decline. Shares of Google were down 5.7 percent at USD 525 in after-hours trading on Wednesday.

The number of “paid clicks” by consumers on Google’s ads increased by 26 percent year-on-year in the first quarter, while the average “cost per click” declined 9 percent. Google’s core Internet business revenue was USD 15.42 billion in the first quarter, versus USD 12.95 billion in the year-ago period.

Google posted USD 3.45 billion in net income, or USD 5.04 per share, in the three months ended March 31, compared to USD 3.35 billion, or USD 4.97 per share, in the year-ago period. Excluding certain items, Google said it earned USD 6.27 per share.

Google reported a USD 198 million net loss from “discontinued operations,” which includes the Motorola smartphone business. Google announced plans in January to sell the money-losing business to China’s Lenovo Group for USD 2.91 billion.

17th April’14 Nifty Future Update


thursday 5

NIFTY  FUTURE Closed: 6697

Profit Booking & Panic selling seen on last Two session!!

After 11 session Nifty Future closed below 6700 mark

Yesterday NF made a high was 6780, low was 6688.50 then closed 6697.30

 

mantra1

In Panic selling  can buy May series 6800ce to 7500ce

Today’s Nifty Future facing support 6685 Once if stays below the level

Again Panic will start upto 6645 & 6620 levels………

Suppose if not break 6685……… if sustain above 6722 with 20 minutes

Correction is over……… Rally expected upto 6755 & 6795 levels…….

More Live Market update to our clients only 

Updated : 08.42am / 17th April’14

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