Tuesday, 3 May 2016

Nifty charts suggest more pain ahead, but long-term outlook good; Should you buy Parag Milk IPO?

ET Market

ET Markets Daily Brief | Tue, May 03, 2016 | 05:22 PM IST

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Nifty may touch 9,000 by year-end; five sectors to bet on to make money

With earnings showing signs of recovery, analysts believe if there is no negativity from global markets, Nifty50 may retrace its lifetime high by 2016-end.

Tech view: Nifty charts suggest more pain, index heading towards 7,700 level

The Nifty50 on Thursday dipped below its key support level of 7,800 and formed a reverse Doji candlestick pattern on the weekly charts.

Here's what happened on Dalal Street all through Tuesday

If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. Hence this effort to keep you up to date on LIVE market.

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Selling more loans reduces balance sheet loan book growth but increases return on equity...
Keki Mistry, VC & CEO, HDFC
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Use of Marketing in Insurance: KS Gopalakrishnan, MD & CEO, Aegon Life Insurance
Has the marketing mix and communication strategy been changing for the insurance industry? Find out what Mr KS Gopalakrishnan has to say.
Market Watch 3 May | 05:22PM|
SENSEX NIFTY USD/INR GOLD
25229.70
-207.27
7747.00
-58.90
66.42
-0.03
30350.00
56.00
Gainers Losers 3 May, 2016, 05:22PM IST, PTI|View All
Company Name Live Price Change (%) Volume High Low
Landmarc Leisure Corporation Ltd. 0.58 18.37 410 0.58 0.54
Emmbi Industries Ltd. 81.10 17.96 586490 82.50 71.00
Manaksia Steels Ltd. 9.40 16.05 3100 9.40 8.40
Tweet of the day...
FROM THE NEWSPAPER
Parag Milk IPO opens tomorrow, brokerages say price band steep

Analysts believe the issue may offer only limited listing gains given its premium valuation, but they expect it yield decent returns over the medium to long term.

Is the economy really growing? Five things that can derail India's growth

From 7.4 per cent to 7.75 per cent, India's GDP growth is likely to be flat this financial year, said Suvodeep Rakshit, Economist at Kotak Institutional Equities.

Dell retains name in biggest tech merger in history

Michael Dell said that the biggest merger in tech history will be called Dell Technologies and will comprise Dell, EMC, VMware, Pivotal, Secureworks, RSA & Virtustream.

IMF retains India growth forecast at 7.5% for 2016-17

"India has benefited from lower oil prices and remains the fastest-growing large economy in the world, with GDP expected to increase by 7.5 per cent this year and next," IMF said.

India to pay 1.5% interest on $6.5 billion Iran oil dues

The demand for interest rate was made when Oil Minister Dharmendra Pradhan met Iranian Central Bank Governor Valiollah Seif in Tehran on April 9.

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