Investment Advisory

2 March, Sensex trades above 29,100 mark, Nifty at 8,987

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Indian share markets have opened on Thursday on a positive note tracking positive leads from Asian markets. At 10.20 am, the BSE Sensex is trading higher by 130.60 points at 29,115.09 while the NSE Nifty is trading higher by 41.25 points at 8,987.05. The BSE Mid Cap index was up by 0.57% and BSE Small Cap index was up by 0.55%. The broad market depicted strength. About 1,118 shares rose, 454 shares fell and a total of 58 shares were unchanged.

ICICI Bank, Wipro, Bajaj Auto Tata Motors, GAIL, Hindalco and Tata Motors were early gainers while Dr Reddy’s Labs and Coal India were under pressure.
Overseas, Asian stocks were trading higher. U.S equities surged to all-time highs yesterday, with major indices posting their best day of the year, on the back of Trump’s speech to Congress.

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Maha Shivratri – Celebration, Significance and Rituals

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Maha Shivratri, the great night of Shiva, is a traditional Hindu festival mainly observed in India as well as in Nepal. As per Hindu calendar, the festival is observed on the new moon day in the month of Maagha. The day is celebrated to worship Lord Shiva, a major deity in Hindu culture.

Different mythological legends associated with this day. A popular legendary note that when a hunter could not find anything to kill for his food in a forest, he waited on the branch of a Wood apple tree; Aiming to attract deer, he started throwing the leaves of the tree on the ground, he did not see that there was a Shiva Lingam beneath the tree. Delighted with the Wood apple leaves and the patience of the hunter, it is believed that Lord Shiva appeared before the hunter and blessed him with wisdom. From that day onwards, the hunter desisted from eating meat.

Another legend has it that after the Earth was faced with an looming destruction, Goddess Parvati pledged with Lord Shiva to save the world. Hearing her prayers, Lord Shiva agreed to save the world on pretext that the people of the Earth would have to adore him with dedication and passion. From that day onwards, the night came to be known as Maha Shivratri and people began worshipping Shiva fervently.

Maha Shivratri is an important Hindu festival which being celebrated by people in India. People take fast on the night of Shivratri and sing hymns and praises Lord Shiva. Temples across the country are decorated with lights and people can be seen offering night long prayers to Shiva Lingam. Wood apple leaves, cold water and milk are offered to the Shiva Lingam on Shivratri day as they are believed to be Lord Shiva’s favorite.

The most popular Maha Shivratri celebrations take place in Ujjain, believed to be the place of residence of Lord Shiva. Large processions are performed all through the city, with people thronging the streets to catch a glimpse of the revered idol of Lord Shiva.

Market Open higher, Airtel spikes over 10%|Stock Advisory Company

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Indian share markets have opened the trading day, Thursday day, marginally higher. The BSE Sensex is trading higher by 71 points while the NSE Nifty is trading higher by 21 points. At 10.15 am, the S&P BSE Sensex was trading at 28,932, up 67.82 points, while the broader Nifty50 was ruling at 8,944, up 18.5 points. The BSE Mid Cap index and BSE Small Cap index both have opened the day up by 0.3% & 0.26% respectively.

Bharti Airtel stock dominated the attention, rising over 10% to hit its 52-week high of Rs 400 after the company said it would buy Telenor (India) Communications with additional spectrum in the 1800 MHz band. It was the top mover on Sensex and Nifty both.

On the BSE, 742 shares rose, 412 shares fell and a total of 64 shares were unchanged.

22 Feb Stock Markets Open positive, Nifty above 8,900

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sensex-up22-febKey benchmark indices opened on higher in early trade on Wednesday with positive Asian stocks. At 10:15 am, the BSE Sensex, was up 109.13 points or 0.38% at 28,870.72. The Nifty 50 index was up 32.25 points or 0.36% at 8,940.10. The BSE Mid-Cap index was up 0.03%. The BSE Small-Cap index was up 0.04%. Both these indices underperformed the Sensex. On the BSE, 960 shares rose and 583 shares decline and a total of 83 shares were unchanged.

Tata Motors, BHEL, Reliance, ONGC, Axis Bank, BPCL and Bharti Infratel were early gainers while Hero Motocorp, GAIL, Wipro,Tata Steel, Infosys, Idea Cellular, Aurobindo Pharma and Eicher Motors were losers. 

The financial markets are expecting on the Federal’s Jan. 31 – Feb. 1 policy minutes of meeting due later today for fresh hints on the US central bank’s stance towards interest rates.

Sensex opens flat, Nifty holds above 8,880

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Key benchmark indices on Tuesday opened on flat note with small gains in early trade. At 10:15 am, the S&P BSE Sensex, was up 17.15 points or 0.06% at 28,678.73. The Nifty50 index was currently up 9.15 points or 0.10% at 8,888.35. In the broader markets, the BSE Mid-Cap index was currently up 0.51%. The BSE Small-Cap index was currently up 0.54%. Both these indices outperformed the Sensex.

Infosys is the top Nifty gainer in the morning hours on Tuesday’s trading session. Infosys was trading at Rs 1021.85 share apiece, up by 1.15%. About 863  stocks advanced, 502 stocks  declined and 414 unchanged stocks on NSE in the morning hours.

Asian Paints, ONGC, L&T, SBI and Axis Bank were gainers among others, while HDFC Bank, ITC, Bharti Airtel, Maruti and Cipla were under pressure.

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SEBI TO ENLIST RESOURCE PERSONS TO SPREAD FINANCIAL LITERACY

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Markets regulator SEBI will empanel financial education resource persons on part-time basis for different districts in Haryana, U.P, Punjab, Jammu &Kashmir, Himachal Pradesh and Uttarakhand with a view to help spread financial literacy, said SEBI in a notice. SEBI has invited applications from interested candidates by February 28.

Serving or retired teachers, professionals, bank and government officials as well as defence persons can apply for the opportunity. The candidates should have at least a graduate degree and minimum three years working experience, SEBI added.

SEBI would empanel individuals for seven districts in Himachal Pradesh, viz. Kinnaur, Lahaul-Spiti, Sirmour, Solan, Una, Kangra and Chamba, and five districts in Haryana, including Fatehabad and Faridabad.

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Gold Slip lower as U.S. dollar mildly recovers

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gold-17-febGold prices slipped lower on Friday, since the U.S dollar recovered moderately from losses posted in the previous session, despite the ongoing geopolitical concerns expected to support safe-haven demand. In the New York Mercantile Exchange’s Comex division, gold futures for April delivery were down 0.28% at USD 1,238.05. The April contract ended Thursday’s session 0.69% higher at USD 1,241.60 an ounce. However, the dollar regained some ground on Friday, aided by recent upbeat data and positive comments by Federal Reserve Chair Janet Yellen.
Meantime, in Indian domestic stock market, Nifty50 closed at 8821.70 levels, up by 43.70 points while Sensex closed at 28468.75 levels, up by 167.48 points.