Country’s second largest airline by market share, SpiceJet today launched yet another limited period special fare scheme, ‘Early Bird’, offering customers ticket prices as low as Rs 499 on its domestic network.
The bookings for this three-day offer commences from today with a travel validity period between January 16 and October 24 next year, SpiceJet said in a release. SpiceJet offers discounted flying options to destinations across the country, with one way fares starting as low as Rs 499 (including fuel surcharge but excluding applicable statutory taxes and fees), the release said.
This sale will allow customers to enjoy low fares by planning their journey and holidays in advance. The sale offer is applicable on all direct, via and connecting flights on SpiceJet’s domestic network. “While the number of travellers opting for air travel during holidays has increased over the years, with the introduction of Early Bird sale, this number will only grow further.
This early bird sale will encourage customers to make their holiday plans well in advance and save on travel costs at the same time,” said Kaneswaran Avili, Chief Commercial Officer, SpiceJet Ltd. “This will also allow an average Indian customer to plan for more than the typical one holiday during the year at never before rates,” Avili said. Last week also, the Kalanithi Maran-promoted budget airline SpiceJet had announced a similar discounted scheme offering passengers fares starting Rs 1,888 across its domestic destinations. The airline operates more than 340 daily flights to 49 destinations, comprising 41 Indian and 8 international cities.
Nifty Future shown strong strength and trading above 8000 mark
Now NF marked high of 8062 & currently trading at 8055
Closely watch on 8065 levels……….. After 2.30pm if sustains above the levels
Will check 8090 & 8110 levels……..
Suppose if not breaks 8065 & if breaks 8040………. we see 8000 mark!!!
More update to our clients only
Updated : 02.20pm / 01st Sep’14
Above is AXISBANK 3 month daily chart & click chart to enlarge
AXISBANK facing Strong Resistance & Breakout level at 409
100% Fibonacci Retracements level at 409
Currently trading 405……… If cross 409 and close above the levels
Will check 420 & 426 for next Resistance!!!
Updated : 12.32pm / 01st Sep’14
A Reserve Bank of India (RBI) ban on Indian banks buying new issues of infrastructure bonds has handicapped Prime Minister Narendra Modi’s chances of gathering billions of dollars needed for mega-projects through the bond market
. Elected in May, Modi has made heavy infrastructure investment and construction of affordable housing for all by 2022 key elements of a reform agenda aimed at getting India’s lumbering economy to grow a lot faster.
Meeting the housing goal alone would need investment of at least USD 2 trillion, according to a KPMG report released last month. Faced with those funding needs, the government in mid-July encouraged banks to issue bonds to fund infrastructure by exempting these bonds from reserve requirements, in order to enable them to extend cheaper loans to the cash-starved sector.
The trouble is the RBI issued guidelines a week later that barred banks from buying bonds issued by other banks in order to forestall risks arising from circular trading, whereby lenders agree to buy each other’s bonds. The RBI is hoping for greater investor participation by the likes of insurers, pension funds and mutual funds .
But, analysts and bankers say the ban hampers secondary market liquidity and prevents the creation of a deeper market. Banks are traditionally the biggest buyers of debt, and without them the market for these bonds has become so illiquid that other investors are reluctant to buy. “Banks are the market makers, the largest investors and underwriters of corporate bonds,” said Shashikant Rathi, head of investments and capital markets at Axis Bank. “If banks are not allowed to invest in these senior infrastructure bonds then other investors like mutual funds would be sceptical buying them since they wouldn’t be sure of being able to sell them if liquidity need arises,” he said.
Given these constraints, few banks have made fresh issues, despite the incentives, and those that have, have received a lukewarm response. Analysts said the RBI would have to relax its ban if it wanted bond funding to raise anywhere near the 500-600 billion rupees (USD 8.3 billion to USD 9.9 billion) in infrastructure bonds that traders say can be raised in the year to March.
All are Enjoyed RAYMOND, INDUSINDBANK, SRF and Voltas……..
Morning we have written in our blog RAYMOND, and Voltas
We recommend to our clients RAYMOND at 470………. See now 477
Recommend SRF at 705…………. Rocked 716
BTST Call INDUSINDBANK Fut Rocked 13 points!!!
Now hold INDUS 600ce…………. Target ??
What else you want in Life ???
Updated : 11.15 / 01st Sep’14
Just refresh your mind!!!
25th Aug’14 we have written INDUSINDBANK with chart
If you having doubts click here http://www.flyingcalls.com/indusindbank-chart-update/
We have written INDUSINDBANK Strong Resistance and Breakout at 587 level
If cross 587……….. will check 605 and 620!!!
Thursday we have Recommend BTST Call and 600CE option to our clients!!!
Recommend Fut at 585……….. See now trading 598
Wait & see 605 level………
Updated : 10.09am / 01st Sep’14