Today Mangalam Cement rise 5% on commence of 0.75 mpta Aligarh unit

NEW DELHI: Shares of Mangalam CementBSE 4.44 % surged nearly 5 % in Tuesday's trade after the company revealed commencement of production at a new 0.75 million tonne per annum (mtpa) unit. In a brief note to BSE, the company said the mashing unit is now in Aligarh, Uttar Pradesh. The opening of its commercial workings from the unit has increased the overall capacity of the cement producer to 4 mpta from 3.25 mtpa. 

The stock jumped 4.63 % to hit a high of Rs 350 on BSE. Mangalam Cement has initiate commercial production at its new cement mashing unit of 0.75 million tonnes per annum (mtpa) capacity in Aligarh, Uttar Pradesh, state a media report. 

Market for cement sector grew merely by 3 % in Q1FY17, which is expected to stay in the constant range in Q1FY17as well. Still, favourable monsoon & ease of water issues in Madhya Pradesh & Maharashtra are expected to cast good impact on consumption as many projects were stuck for want of water. The government's continuous thrust in progress of Roads & Highway and irrigation sector will prompt demand, going ahead, said Reliance Securities in a note. 

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Nifty-50 tests 7,450; Kitex Garments falls 3% 27 Jan, 2016

Market update : Today, the S&P BSE gains after rallying over 100 points in morning trade. Click Here For Options tips .The fell down in the index was led by losses in L&T, Coal India, ITC,  HDFC Bank and State Bank of India.

The Nifty-50 too came into pressure and but was still trading above its critical support level of 7400, supported by gains in power, consumer durable, and Pharma stocks.

Shares of companies like - Tata Motors went high around 2 per-cent while that of Sun Pharma earned 1 per-cent in early trading. In the meantime, Kitex Garments slipped 3 per-cent.

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Stock market headlines for 8 Jan, 2016

Former IAS officer D.K. Sikri appointed CCI chairman.

Saudi considers IPO for oil giant Aramco: Reports said.

Need to avoid beggar-thy-neighbour policies: Rajan.

Netflix launches service in India for Rs 500 monthly.

China shares gyrate wildly; Shanghai sheds gains.

Dow, S&P off to worst 4-day Jan start ever as China fears grow.

Chinese regulator suspends circuit breakers.

RBI panel on financial markets meets amid chinese yuan spillover.

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Share tips : Sensex breaks at 25000 7 Jan, 2016

Today, Sensex breaks at 25000, the market expanded losses in morning trading session with the Sensex breaking at 25000, down  by 410.08 pts or 1.61 per-cent to 24996.25. 

While the Nifty slided by 126.20 points or 1.63 per-cent to 7614.80. 

The stock market breadth was pathetic as nearly four shares declined for every share advancing on the BSE(Bombay Stock Exchange).

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Jaitley hopeful for GST Bill news & commodity tips for 2 Jan, 2016

After striking the Congress wall in two back to back Parliament sessions, Finance Minister Arun Jaitley today exuded confidence that landmark GST Bill will be passed in the up coming session as numbers in the Rajya Sabha will tilt in favour of the new indirect tax regime.

The up coming session is about to be extremely important and half way through the next period, the numbers of the Upper House are also going to change. Therefore, I am reasonably optimistic, as far as the next session is concerned, that we may be able to strike it through. Parliament's Budget session will start in last week in month of February.

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Today's stock market tips & prediction 29 Dec, 2015

Today, the Indian market is expected to trade high, tracking positive trend seen in other markets of Asia.

If we see at the overall scenario & structure of the markets, the odds are quite high that we would actually breach its newely peak of 7,950 level, BSE 6.19 %.

Importantly like you mentioned, we have seen a very good recovery from the Dec lows & looking at the complete formation, the prices are also at present trading above its short term moving averages.

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Stock Market Updates For 17 Dec, 2015

Market ending update : Sensex is at 25825.26, up 330 points while Nifty -50 is at 7851.40, up 100 pts.

A big relief rally in world wide stock market pulled the native equity market higher on today as the benchmark indices surged smartly throughout the day. Echoing the sentiments seen on other European & Asian markets, investors, traders at home breathed a sigh of relief over the passing of this most-awaited financial event of this year.

Top Gainers of the day- TATA STEEL (5.1%), VEDANTA (3.8%), HINDALCO (3.7%), BAJAJ AUTO (3.3%), RIL (3.2%). Top Losers were- ONGC (0.7%), AXIS BANK (0.5%), GAIL (0.1%), LUPIN (0.1%).

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Top ten Headlines Of Stock Market On 26 Nov 2015

• Bank Nifty; mkt has strong support at 7700: PhillipCap.
• Lumax Auto up 15% on JV with Italian co for defence space.
• Hero MotoCorp up 1%; Bain to exit from co via block deal.
• Good response to Indian made brands in Bihar:Globus Spirits .
• Commerce & Industry Ministry for cut in import duty on gold.
• Govt reaching out to Opposition a positive:
• Dr Reddy's tanks 10% on USFDA warning:
• Ola ropes in former Infosys CFO Rajiv Bansal to head finance
• India & China remain largest overweight, says Macquarie
• China allows 1st foreign institutions into interbank FX m

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Top ten Headlines Of Stock Market On 25 Nov 2015

                                          Stock Market Headlines

 

               Asian equity markets weighed down by geopolitical fears .

               Videocon sells two spectrums to Idea for Rs 3,310 cr .

               Govt ready to discuss changes in GST bill with Congress.

               IiAS urges Maruti shareholders to vote against Guj plant.

'             Challenge is not in implementing GST but in legislative action'.

              Vijay Mallya unfazed at AGM, continue as USL Chairman .

              Nippon ups stake in Reliance Life to 49%, invests Rs 2265cr .

              No policy paralysis; GDP to touch 8% this year:

             PM Modi inks 10 pacts with strategic partner Singapore .

             Europe must tackle bad loans to recover.

             NBCC bags the AIIMS campus redevelopment project.

             Facebook takes Free Basics pan-India with RCom .

             SunEdison to offload 400MW of solar power in India.

             Four good habits for your little millionaire of tomorrow.

             Discover your next destination with Travel Cafe.

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Natural Gas extends rally on weather outlook

Natural Gas extended a rally in the domestic and overseas market on Wednesday as forecasts for warmer weather in the US boosted the demand outlook for the fuel that is used in firing up power plants as demand for air conditioning rises at offices and homes.Latest weather forecasting models called for warmer-than-normal temperatures across many regions, including the east, central and southern parts of the US after August 20 and until the end of the month.

 

About 49 5% of US households use natural gas for cooling purposes.
 

All eyes are on Thursday’s storage data which may show an injection of 50 billion cubic feet in the week ended August 7, 2015, lower than the year ago build of 79 billion cubic feet.However, total storage levels at 2.912 trillion cubic feet are 22.5 per cent above year ago levels and 2.2 per cent higher than the five-year average, a sign that the market remains more than adequately supplied, trimming gains in the fuel. At the MCX, Natural Gas futures for August 2015 contract closed at Rs 183 per 1 kg, up by 0.49 per cent after opening at Rs 182, against the previous closing price of Rs 182.10. It touched the intra-day high of Rs 183.70 till the closing.

 

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