Index trend and stocks in action April 09, 2018
Index trend and stocks in action April 09, 2018

Index trend and stocks in action April 09, 2018

Karan Dsij Article rating: 5.0

Going ahead, immediate support for the Nifty is placed at 10,270 level, which is 61.8 per cent retracement of downmove and major support is placed around the level of 10,210-20. Stocks in the news: Wipro, Piramal Enterprises, Visaka Industries, Inox Wind, Atul, Tata Chemicals, DHFL, Akzo Nobel and Dabur India.

Negative start likely for the markets
Negative start likely for the markets

Negative start likely for the markets

Karan Dsij Article rating: 5.0

Indian markets are likely to open slightly in the red. The SGX Nifty is pointing that Nifty may open lower by 34 points at 10,308.  

PSBs NPA provisions for 39 months: Rs 3.79 lakh crore!
PSBs NPA provisions for 39 months: Rs 3.79 lakh crore!

PSBs NPA provisions for 39 months: Rs 3.79 lakh crore!

Prakash Patil Article rating: 5.0

If one needs any proof that public sector banks (PSBs) are being looted in broad daylight by fraudsters, scamsters, cheats and swindlers of all kinds, here it is: PSBs made upfront provision of Rs 3.79 lakh crore (Rs 3.79 trillion) between March 2014 and June 2017 towards their stressed loans. 

RBI directs payment operators to store data in India
RBI directs payment operators to store data in India

RBI directs payment operators to store data in India

Gayathri Udyawar Article rating: 4.0

The Reserve Bank of India (RBI) has asked payment operators in India to store their transaction data only in India. The RBI has directed the payment operators to comply with its order by October 25, 2018.

Govt mulls tax concessions for angel-funded start-ups
Govt mulls tax concessions for angel-funded start-ups

Govt mulls tax concessions for angel-funded start-ups

Gayathri Udyawar Article rating: 5.0

The Central government is considering giving tax concession, subject to a maximum limit, to start-ups that have received investments from angel investors. The move is aimed at encouraging budding entrepreneurs in the country.

Trade war between US-China aggravates further
Trade war between US-China aggravates further

Trade war between US-China aggravates further

Sanket Dewarkar Article rating: 5.0

After China’s retaliation with $50 billion tariffs on 106 US products, US further aggravated the situation by imposing $100 billion worth of more tariffs on imports from China. This led to more volatility and slump in oil prices.

PNB surges with volume spurt, breaches 21-day EMA level
PNB surges with volume spurt, breaches 21-day EMA level

PNB surges with volume spurt, breaches 21-day EMA level

Bhagyashree Vivarekar Article rating: 5.0

The bank which has been the talk of D-Street since the unveiling of Nirav Modi scam in January, gained as much as 5.3 per cent on Friday. The stock of PNB witnessed a kind of a Symmetric Triangle breakout on the daily time frame with volume spurt.

MF Update: Equity inflows declines by 55 per cent in March
MF Update: Equity inflows declines by 55 per cent in March

MF Update: Equity inflows declines by 55 per cent in March

Nikhil Desai Article rating: 4.5

The total mutual fund assets base has surged over ~Rs. 22 trillion in 2017-18. This was mainly due to a vibrant secondary market, investor awareness campaigns like Mutual fund sahi hai and strong participation, especially from smaller town investors.

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