Market Report: BSE Sensex closed at 31,588.72 with +986.11 (3.22%). Nifty50 ended with 9,266.75 points.

Share Market

Market Report: BSE Sensex closed at 31,588.72 with +986.11 (3.22%). Nifty50 ended with 9,266.75 points.

April 18, 2020

Market Report: BSE Sensex closed at 31,588.72 with +986.11 or 3.22%. Nifty50 index ended with 9,266.75 points. Axis bank limited is up 58.85 or 13.93% in today's trading and is the top gainer of the day in Nifty50 Index. Nifty Private Bank index closed at 11212.10 with 769.45 points.

Market Report: #BSE #Sensex closed at 31,588.72 with +986.11 (3.22%). The #Nifty50 ended with 9,266.75 points. #Axisbank is up 13.93% in today's trading and is the top gainer of the day at #NSE. #NIFTYPVTBANK is up 7.37%.#MarketUpdate #EquityCash #EquityResearch

— Capital Report (@reportcapital) April 17, 2020

Capital Report Stock Performance of 18-04-2020

Sunpharma first target has reached & second target just missed from 0.20 points. 15 minutes high was 463.80 at 1.00PM. refer below picture #CapitalReportGain #Sunpharma https://t.co/vEYlBamhvL pic.twitter.com/PNrvCqUJOH

— Capital Report (@reportcapital) April 17, 2020

Powergrid first target 167.90 has reached. #Powergrid 15 Minutes candlestick low was 167.80 at12.00PM. #CapitalReportGain Chart Courtesy #KiteZarodha https://t.co/6sAtcAqnLx pic.twitter.com/OuEGPszkwp

— Capital Report (@reportcapital) April 17, 2020

M&M stock is under risk. https://t.co/xxAZnselmt

— Capital Report (@reportcapital) April 17, 2020

M&M 1st target has reached. M&M day low was 355.55 at 12.59PM #CapitalReportGain pic.twitter.com/6hvp7QuJ8c

— Capital Report (@reportcapital) April 17, 2020

If you want exit now you can book small profit. stock was very weak 10.00AM to 10.30AM. Depend on this candlestick we have given sell call of Mahindra and Mahindra pic.twitter.com/Z4xOs7avuJ

— Capital Report (@reportcapital) April 17, 2020

Sunpharma reach all target in morning session by reaching day high 476.95 at 9.47AM. #SUNPHARMA Chart Courtesy #KiteZarodha. pic.twitter.com/Qxt583GDEx

— Capital Report (@reportcapital) April 17, 2020

Grasim hit all our target in early trading. Grasim open price today is 560. Our intraday target was 559. Chart Courtesy #KiteZarodha pic.twitter.com/lLjNdKDNJA

— Capital Report (@reportcapital) April 17, 2020

Axis Bank Limited hit all target by reaching day high 455 at 9.39AM. #AxisBank target was 425-432-442. #CapitalReportGain Chart Courtesy #YahooFinance https://t.co/oCQm984y8C pic.twitter.com/yog8tQJqRD

— Capital Report (@reportcapital) April 17, 2020

#Sensex up +1,030.79 points & trading at 31,633.40 in early trade. Nifty50 gap up opening with 330.65 points. #NIFTYPVTBANK rose 4.77% & #INDUSINDBK raise 26.30 points. All NSE indices are started in green early trade.
Except #NESTLEIND, all #Nifty50 stocks traded in green. pic.twitter.com/ESC6jhe7zY

— Capital Report (@reportcapital) April 17, 2020

Note: Capital Report states that it has no financial liability of information provided on this blog. Investing in stock market are subject to market risk. Seek a professional advisor before taking any investment decision. Capital Report will not be liable for any losses incurred or investments made or decisions taken or not taken based on the information provided.

Reserve Bank Monetary Policy Statement for 2019-20: Reduced Repo rate 0.25 points 6.25% to 6%.

Share Market

Reserve Bank Monetary Policy Statement for 2019-20: Reduced Repo rate 0.25 points 6.25% to 6%.

April 04, 2019

Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das today announced its first meeting for the Financial year 2019-20. This is the 2nd  Monetary Policy for Shaktikanta Das after his appointment as new RBI Governor.

In second RBI Monetary policy of Shaktikanta Das reduced repo rate 0.25 points 6.25% to 6%. Last month Monetary Policy Committee of reduced 0.25 points of Repo rate, this was first meeting conducted by RBI New Governor. Reserve Bank of India (RBI) on Thursday cut its key interest rate by 25 basis points or 0.25 per cent to 6 per cent.This is second time Reserve Bank of India bring it down 25 bps in 2019.

In Six Members of Monetary Policy Committee, Four Members voted for reduce repo rate 0 .25 points 6.25% to 6%. and other two members voted for keep the Repo rate unchanged. Central Bank of India  expected GDP growth at 7.2 per cent for financial year 2019-20.

Skymet Weather forecast below normal monsoon and RBI Monetary policy update of year beginning, Sensex lost 179.53

Top Gainer

Skymet Weather forecast below normal monsoon and RBI Monetary policy update of year beginning, Sensex lost 179.53

April 03, 2019

Reserve Bank of India will announce Interest rate decision on April 4 Thursday and Skymet published weather forecast on 2019 monsoon, Sensex dropped 46% down in today market. Nifty also lost 69 points on afternoon trade.

After announcement of 2019  Monsoon forecast Sensex start to falling down from 39164 to 38830, Sensex finally closed 38,877.12 points. National Stock Exchange closed market on 11,643.95 Nifty today reached 11,761.00 High and 11,629.15 low in today market.

Southwest Monsoon in 2019 https://t.co/NFLkt4hVvi

— SkymetWeather (@SkymetWeather) April 3, 2019

Top Gainers April 02 2019

IBULHSGFIN, MARUTI, BAJAJFINSV, HCLTECH, TATASTEEL

Check out today’s top gainers dominating the market - https://t.co/p6X8oze2az #NSEUpdates pic.twitter.com/0ZfsCaDemP

— NSEIndia (@NSEIndia) April 3, 2019

 Top Losers April 02 2019

BPCL, ZEEL, IOC, GAIL, SBIN

Here are today’s top losers - https://t.co/tgVBVnJVOH #NSEUpdates pic.twitter.com/tBxqRIRDaT

— NSEIndia (@NSEIndia) April 3, 2019

Skymet 2019 Monsoon Report

Monsoon 2019 is likely to be ‘below normal’ to the tune of 93% (with an error margin of +/-5%) of the long period average (LPA) of 887 mm for the four-month period from June to September.

YES Bank has appointed Ravneet Singh Gill as its new CEO, Yes Bank shares jump 14%

Share Market

YES Bank has appointed Ravneet Singh Gill as its new CEO, Yes Bank shares jump 14%

January 25, 2019

Yes Bank has appointed New Managing Director and CEO of Ranveet Singh, Yes Bank stated it has received approval from Reserve Bank of India. Ravneet Singh Gill is succeeding Rana Kapoor whose term ends on January 31. He will join Yes Bank on or before March 1, 2019.

After announcement of Ravneet Singh Gill is the New CEO and Managing Director for Yes Bank Private Limited. Yes Bank stock has Jumped 14% in Stock Market. Yes bank share Previous close was 215.40 in National Stock Exchange and 213.85 Bombay Stock Exchange Today Yes bank is the Most active stock in Share Market. In September 2018  the RBI had denied Kapoor's extension for the position of Yes Bank CEO. On same day Yes bank share plunged in Stock market.

Speaking on the occasion, Rana Kapoor, MD & CEO, YES BANK, said, "On behalf of the Board of Directors and 21,000+ YES BANKers, I am extremely pleased to welcome Ravneet Gill as the new MD & CEO of YES BANK and also convey our finest appreciation to RBI for its expeditious approval in less than 3 weeks. 

I have had the opportunity to have known and briefly interacted with Ravneet Gill professionally over the years, and have admired his exceptional professionalism and outstanding leadership style. I am certain that his diverse, comprehensive experience as a career banker will provide significant confidence & conviction to all stakeholders including employees, customers and investors.”

Ravneet Gill is an eminent leader with more than 3 decades of experience with the last 25+ years with Deutsche Bank AG, the 11th largest bank in the World. He is a well-known banker with an illustrious career spent spearheading all key banking functions including Corporate Banking, Capital Markets and Treasury Solutions (CMTS), Investment Banking, Retail & Private banking at Deutsche Bank AG. Most recently, Ravneet Gill was re-appointed as the MD & CEO of Deutsche Bank, India for the 3rd term by RBI.

YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.

Source: Yes Bank

Union Cabinet approves recapitalisation of Export-Import Bank of India

Union Cabinet

Union Cabinet approves recapitalisation of Export-Import Bank of India

January 16, 2019

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the recapitalization of EXIM Bank. Issuance of Recapitalization Bonds by Government of India to the tune of Rs.6,000 crore for capital infusion in Export Import Bank of India (Exim Bank). 

#Cabinet approves recapitalisation of Export-Import Bank of #India to the tune of Rs. 6,000 crores and increase in the authorized capital of Exim Bank from Rs. 10,000 crore to Rs. 20,000 crore@arunjaitley @finminindia @PiyushGoyal pic.twitter.com/tHhpnbc55I

— PIB India (@PIB_India) January 16, 2019

The equity will be infused in two tranches of Rs. 4,500 crore in FY 2018-19 and Rs.1,500 crore in FY 2019-20 respectively. The Cabinet also approved an increase in the authorized capital of Exim Bank from Rs. 10,000 crore to Rs. 20,000 crore. The recapitalisation bonds will be on the lines issued to Public Sector Banks.

Exim Bank is the principal export credit agency for India. The infusion of capital into Exim Bank will enable it to augment capital adequacy and support Indian exports with enhanced ability. The infusion will give an impetus to anticipate new initiatives like supporting Indian textile industries, likely changes in Concessional Finance Scheme (CFS), likelihood of new LoCs in future in view of India's active foreign policy and strategic intent.

Cabinet approved for merge Vijaya Bank and Dena Bank with Gujarath Based Bank of Baroda

Share Market

Cabinet approved for merge Vijaya Bank and Dena Bank with Gujarath Based Bank of Baroda

January 02, 2019

After the merger of the State Bank groups. The government has approved to merge Vijaya Bank and Dena Bank with Bank of Baroda. After the merger process, the Bank of Baroda  becomes the third largest bank in India. 

Union Cabinet approves the First-ever three way merger in Indian Banking with amalgamation of Vijaya Bank, Dena Bank and Bank of Baroda; For full details, please log on to: https://t.co/AVlgh2ajoN

— Ministry of Finance (@FinMinIndia) January 2, 2019

Bank of Baroda will take over all businesses, assets, rights, other privileges and all property, borrowings, liabilities and obligations of the Vijaya and Dena Banks. Bank of Baroda has more lending power  than Vijaya and Dena banks. Currently ICICI Bank is the third largest bank after State Bank of India and HDFC bank. 

After complete the consolidation process  Bank of Baroda would be third largest commercial banks in India. All the employees of Dena Bank and Vijaya Bank will automatically come under Bank of Baroda. The amalgamation will help create a strong globally competitive bank with economies of scale and enable realisation of wide-ranging synergies.