Mark Focus Market Support

The central government has sought Parliament's nod for $12.6 billion Bank Recap Bonds. This is a follow up of a mega recapitalisation plan that was announced by the government in October 2017 to counter the rising bad loans of public sector banks. The plan is worth Rs2.11 lakh cr out of which Rs1,35,00cr will be in the form of recapitalisation bonds. The ratification for recapitalization bonds would act significantly positive for the PSU Banks and the stocks would remain positive on this news. The capital infusion is much needed as it would aid these banks to improve their capital adequacy. As a consequence, it would also improve their loan book growth for the coming years, besides giving room to provide for bad loans. Nifty PSU Bank Index has climbed over 1.5% after recap bond news. At the time of filing, IDBI Bank was up 6%, BoB, PNB were up by 3% each, Bank of India, Canara Bank were up 2% each, and SBI was up 1.5%.

Buoyed by a positive trend across most sectors and continued rally in metal stocks, domestic share indices started the session on a positive note.  the BSE Sensex was trading at 33,850, up 56 points, while the Nifty50 was ruling at 10,455, up 11 points. Metal stocks continued to gain on the back of rising global commodity prices. The Nifty Metal Index rose 0.5% in early trade, led by over 1% gains in shares of Vedanta and Welspun Corp. Shares of Tata Motors, which fell 1%, were the worst hit on Nifty50 as the company reported a 9.4% on-year fall in Jaguar Land Rover sales in the US to 11,394 units for December. Shares of SJVN soared over 15% to a lifetime high after the company said its board will meet on Monday to consider a proposal to buyback its fully-paid up equity shares. Barring the Nifty Auto Index, which fell 0.2% all other sectoral indices were 0.1-0.6% higher in early trade. The BSE Mid-cap and BSE Small-cap indices were up 0.60% and 0.41%, respectively. Vola

wwww.thegrssolution.com Precious Metals are struggling to rally further as the market awaits the minutes of the December FED meeting. Gold futures are trading at 29230, up 68 points and Silver is at 39210, up 30 points currently. The 10-day rally in precious metals which saw both Gold and Silver gain by over 4 percent seems to be faltering as the market awaits the minutes from the December meeting to dissect the central bank’s plan on rate hikes in 2018. The US economy has strengthened significantly despite the stubbornly low inflation and struggling labour market but the FED members maintain their view that the economy warrants three rates hikes in the current year to keep the economy chugging at its current pace. The close above resistance at $1300 bodes well for prices and the short-term outlook is now positive but we expect prices to make another dip to $1300 before the second leg of the upside rally begins. On the lower side, a daily close below $1300 could see Gold come unde

Trading is the largest decentralized financial market in the world. The rapid development of this market has a trade volume of more than three trillion dollars a day. Foreign Exchange, often abbreviated as Forex, or even simpler FX, is a unique world money market where currency exchanges every day. For those who like to invest and manage themselves with their money, avoiding brokers who often take large commissions and often show insufficient professionalism in their profession, this is an ideal place to invest. The commodity goods, which they are selling, are the foreign currency of various countries. Money can be traded with other world currencies, but also with gold, silver and platinum, i.e. value metals, and some trading platforms are available to customers and trading with oil. With global development and the capillary spread of the Internet, and especially since the introduction of ADSL technology, Forex became more accessible and gave an additional boost to market developmen

NBCC secured Rs314.8cr business orders in December, which included a contract for construction of border fence and road along Indo-Bangladesh border in Meghalaya amounting Rs215.77cr at a PMC fees of 7%. Tata Motors JLR U.S. sales down 9% year-on-year to 11,394 units in Decembers 2017. For the full year 2017, JLR U.S. sales reached 114,333 units, up 9% year-on-year. Ashish Kacholia bought 10 lakh shares or 0.7% stake in Navkar Corporation on Wednesday, bulk deal data on the NSE website showed. Kacholia bought the shares at Rs187 apiece. SJVN has announced a share buyback proposal. The board will consider the proposal on January 8. HDFC Ltd said its third quarter profit on the sale of investments stood at Rs5,270cr compared to Rs3cr a year ago. Bank of Maharashtra to raise Rs650cr by way of preferential allotment to GOI. HPCL says ONGC may pay Rs45,000cr (45% premium to market cap) for company's stake. The Board of Bank of India at its meeting held on January 3, has ap

                                                                                                                                                                     Major Asian markets are trading in the green at present. Shanghai Composite is up 0.33%, Hang Seng  is up 0.24 %, while the Nikkei is trading 2.41% higher. US markets: Stocks moved mostly higher during yesterday's trade. The major averages finished the day firmly in positive territory with Dow and Nasdaq closing at record highs. The Dow rose 0.4% to 24,922.68, the Nasdaq advanced 0.8% to 7,065.53 and the S&P 500 climbed 0.6% to 2,713.06.The continued strength on Wall Street came as upbeat data added to recent optimism about the economic outlook. A report released by the Institute for Supply Management showed growth in manufacturing activity surprisingly accelerated in the month of December. European markets closed in the green yesterday with FTSE up 0.30%, CAX up 0.80% and DAX up 0.82%.  In yesterday’