OBC gains 2% on posting profit in June quarter

The net interest income of the company was up 2.6 percent at Rs 1,371.6 crore against Rs 1,337.3 crore.

Shares of Oriental Bank of Commerce (OBC) gained 2.5 percent intraday July 22 after company posted profit in the quarter ended June 2019 (Q1FY20). The company reported profit of Rs 112.7 crore against loss of Rs 393.2 crore in a year ago period.

Its gross NPA stood at 12.56% against 12.66%, while net NPA was at 5.91% versus 5.93%, QoQ.

The net interest income of the company was up 2.6 percent at Rs 1,371.6 crore against Rs 1,337.3 crore.

Provisions for the quarter stood at Rs 842.4 crore versus Rs 1,051.5 crore, QoQ; and versus Rs 1,539.5 crore, YoY.

At 14:04 hrs Oriental Bank of Commerce was quoting at Rs 82.65, up Rs 0.65, or 0.79 percent on the BSE.

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Crude Oil prices are expected to trade lower today: Angel Commodities

According to Angel Commodities, Last week, WTI Crude prices surged over 5 percent over falling inventory levels coupled with rising worries of a global supply shortage

Angel Commodities' report on Crude Oil

Last week, WTI Crude prices surged over 5 percent over falling inventory levels coupled with rising worries of a global supply shortage. U.S. Crude stockpiles dipped over 9 million barrels which pushed Crude prices higher. U.S. Inventory levels continued to decline for the fourth week straight. Moreover, cyclone threatened crude production in the Gulf of Mexico amid rising tension from the Middle East. Oil companies in the Gulf of Mexico had to shut over 53 percent of the regions production. The prolonged trade spat between U.S. & China has shown no signs of easing off. The trade war is its second year now and it continues to hamper the global growth prospects & in turn limited the gains for Crude prices.

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Kotak Mahindra Bank Q1 Net Profit seen up 35.6% YoY to Rs. 1,390 cr: Sharekhan

Net Interest Income (NII) is expected to increase by 22.3 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 3,158 crore, according to Sharekhan.

Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects Kotak Mahindra Bank to report net profit at Rs. 1,390 crore up 35.6% year-on-year (down 1.2% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 22.3 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 3,158 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 21.8% Y-o-Y (up 8.4 percent Q-o-Q) to Rs. 2,475 crore.

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D-St Buzz: Over 200 stocks hit 52-week low on BSE; Indiabulls Housing jumps 3%, Tata Motors drags

793 stocks advanced and 926 declined while 364 remained unchanged on the NSE. On the BSE, 1063 stocks advanced, 1319 declined and 153 remained unchanged.

The Indian benchmark indices are trading on a positive note with Nifty up 29 points at 11,894 while the Sensex up 95 points and is trading at 39,781 level.

Nifty IT is up over half a percent led by Oracle Financial Services, Tata Elxsi, Infosys, Tech Mahindra and Wipro.

From the oil & gas space, the top gainers are HPCL, Indian Oil Corporation, ONGC and BPCL. Heavyweight Reliance Industries is also trading in the green.

From the auto space, Eicher Motors added close to 2 percent while Tata Motors shed 2 percent.

Selective banking stocks are trading in the green led by IDFC First Bank, HDFC bank and RBL bank while the top losers are YES Bank, Kotak Mahindra Bank, Axis Bank and IndusInd Bank.

India VIX is down 1.37 percent and is trading at 14.40 levels.

The top gainers from the NSE include Indiabulls Housing Finance, UPL, ONGC, Eicher Motors and HDFC while the top losers are YES Bank, Sun Pharma, Tata Motors, Dr Reddy's Labs and Bajaj Auto.

The most active stocks are YES Bank, Indiabulls Housing Finance, Adani Power, Zee Entertainment and HDFC.

Adani Power, TD Power Systems, SBI Life Insurance, Trent and CESC have hit new 52-week high on BSE.

On the other hand, 204 stocks have hit 52-week low on BSE including Ortel Communications, Healthcare Global, Quess Corp, McNally Bharat, Tilaknagar Industries, TVS Motor, Sun Pharma Advanced Research Company and Graphite India among others.

793 stocks advanced and 926 declined while 364 remained unchanged on the NSE. On the BSE, 1063 stocks advanced, 1319 declined and 153 remained unchanged.

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Escorts jumps 4% after June tractor sales beat analyst expectations

Even its sales for the quarter ended June 2019 declined 14.1 percent to 21,051 tractors against 24,494 tractors sold in the same quarter previous year

Escorts shares rallied 4.5 percent intraday on July 1 after tractor sales in June surpassed analyst expectations.

The company said its agri machinery segment in June 2019 sold 8,960 tractors, lower by 10.2 percent compared to 9,983 tractors sold in the corresponding month last year. However, it was higher than Emkay expectation of 8,200 tractors

Domestic sales dropped 11.4 percent year-on-year to 8,648 tractors in June but exports increased 38.7 percent to 312 tractors.

Even its sales for the quarter ended June 2019 declined 14.1 percent to 21,051 tractors against 24,494 tractors sold in the same quarter previous year.

The stock was quoting at Rs 556.85, up Rs 20.30, or 3.78 percent on the BSE at 1148 hours IST.

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Gruh Finance plunges 7% as HDFC mulls reducing stake

Gruh Finance traded with volumes of 72,19,000 shares, an increase of 10,413.24 percent compared to its five-day average of 68,666 shares on the BSE.

Gruh Finance shares fell 7.5 percent intraday on June 14 after media reports indicated that HDFC might sell part of its stake in the company ahead of Bandhan Bank merger.

On June 13, CNBC-TV18 reported that HDFC could offload 4.2 percent stake in Gruh Finance on June 14 and the base deal size could be around three crore shares with an upsize option.

HDFC has been gradually paring stake in Gruh to meet RBI conditions for Bandhan Bank merger. The housing finance company recently sold 4.47 crore equity shares representing 6.10 percent of paid-up capital of Gruh.

Of the 4.47 crore shares sold, 1.22 crore were sold at an average price of Rs 260.07 on March 28 and 3.25 crore shares at Rs 310.126 per share on May 24.

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Historical data for last 11 yrs suggests June belongs to bulls; will it be different in 2019?

Benchmark indices have rallied about 10 percent so far in 2019. They have registered most of the gains in May post Lok Sabha election results as a stable government at the Center raised hopes of continuity of reforms

Sensex and Nifty started the sixth month of the calendar year breaking records. Both benchmark indices created new record highs on the very first trading session in June—Sensex hitting 40,312.07 while Nifty climbing to 12,103.05 intraday on June 3.

Historically, bulls have controlled the D-Street in the last six out of eleven years, data from AceEquity showed.

Of those six instances, Sensex jumped 9 percent in June 2011, 6 percent in June 2009 and nearly 3 percent in June 2013—three of the biggest gains in June.

On the other hand, bears have dominated the market on five instances in June. Four of those instances are—2008 (Sensex down 2 percent), 2012 (Sensex down 1.09 percent) and 2016 and 2017 (Sensex down 0.7 percent each).

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किसानों का भुगतान बकाया, महाराष्ट्र में 68 मिलों को नोटिस

गन्ना किसान का भुगतान नहीं करने की वजह से महाराष्ट्र की 68 चीनी मिलों को नोटिस जारी हुआ है। इन मिलों पर किसानों का 1320 करोड़ रुपए बकाया है। गन्ना आयुक्त ने कहा है कि नोटिस का जवाब नहीं देने पर मिलों की संपत्ति और चीनी जब्त की जा सकती है। गौर करने वाली बात ये है कि शुगरकेन कंट्रोल ऑर्डर 1966 में गन्ना खरीद के 14 दिन के भीतर भुगतान हो जाना चाहिए ऐसा नहीं होने पर सालाना 15 फीसदी की दर से बकाया राशि पर ब्याज देने का प्रावधान है। हालांकि मिलों की दलील है कि चीनी की कीमतों में आई गिरावट से उन्हें लागत निकालना मुश्किल हो रहा है और इसी वजह से किसानों को भुगतान में देरी हुई है। महाराष्ट्र के कोल्हापुर में मिलें 3300 रुपए के नीचे चीनी बेच रही हैं।

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इस साल मानसून 5 दिन की देरी से आएगा: IMD जानिए ऐसा क्यों

इस साल मानसून छह जून को केरल के तट पर पहुंचेगा. भारतीय मौसम विज्ञान विभाग (आईएमडी) ने यह अनुमान जताया है. आईएमडी ने कहा है कि सामान्य तौर पर दक्षिण पश्चिम मानसून एक जून को केरल में प्रवेश करता है. पर इस बार यह पांच दिन की देरी से पहुंचेगा. इस तारीख में चार दिन आगे-पीछे का अंतर भी हो सकता है. आईएमडी के अनुसार, दक्षिण पश्चिम मानसून के आगे बढ़ने की स्थितियां अनुकूल बनी हुई हैं.

मौसम का अनुमान जताने वाले निजी कंपनी स्काईमेट ने मंगलवार को कहा था कि केरल में चार जून को मानसून दस्तक दे सकता है. मौसम विभाग ने बुधवार को कहा है कि 18-19 मई के दौरान अंडमान सागर, निकोबार द्वीप समूह और दक्षिण-पूर्व बंगाल की खाड़ी के दक्षिणी भाग की तरफ दक्षिण-पश्चिम मानसून के बढ़ने के लिए परिस्थितियां अनुकूल बन रही हैं. केरल में आम तौर पर मानसून 1 जून को पहुंचता है. इसे .देश में चार महीने की बारिश के मौसम की आधिकारिक शुरुआत माना जाता है

इस वर्ष मानसून के देर से आगमन की भविष्यवाणी पर आईएमडी और निजी मौसम एजेंसी स्काईमेट एकमत हैं. स्काईमेट ने मंगलवार को कहा था कि मानसून दो दिनों के त्रुटि मार्जिन के साथ 4 जून को केरल तट से टकराएगा. यदि मानसून देर से आता है, तो 2014 के बाद से यह तीसरा उदाहरण होगा जब यह 5 जून को आएगा. यह 2015 में 6 जून और 2016 में 8 जून को आया था. 

मानसून के आगमन में देरी से कुल बारिश (पूरे सीजन की बारिश) पर असर पड़े, यह जरूरी नहीं है. पिछले साल, इसने 29 मई को केरल में दस्तक दी थी. फिर भी, देश में सामान्य से कम बारिश हुई.

इसी तरह, 2017 में, मानसून 30 मई को केरल पहुंच गया था. लेकिन लंबी अवधि के औसत (एलपीए) के मुकाबले कुल वर्षा 95 फीसदी हुई थी, जो सामान्य से कम है. अप्रैल में जारी अपने शुरुआती पूर्वानुमान में आईएमडी ने इस साल एलपीए के मुकाबले 96 फीसदी के करीब बारिश की भविष्यवाणी की थी. वहीं, दूसरी ओर, स्काईमेट ने 93 फीसदी एलपीए के साथ 'सामान्य से कम बारिश का अनुमान जताया है. 

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क्यों ज्यादा मतदान ने शेयर ब्रोकरों को बेचैन कर दिया है?

लोकसभा चुनाव 2019 (Loksabha Elections 2019) में रिकॉर्ड मतदान होने की उम्मीद है. ब्रोकरेज फर्म नोमुरा ने 12 मई को छठे चरण के मतदान को देखते हुए इस बार कुल मतदान (सातों चरणों की वोटिंग मिलाकर) करीब 67 फीसदी रहने की उम्मीद जताई है. यह लोकसभा के पिछले चुनाव के मुकाबले ज्यादा है. 2014 में हुए लोकसभा चुनावों में 66.4 फीसदी मतदान हुआ था. 

इस बार ज्यादा मतदान ने शेयर ब्रोकरों की बेचैनी बढ़ा दी है. इसकी वजह यह है कि देखा गया है कि ज्यादा मतदान की स्थिति में चुनाव के नतीजे अप्रत्याशित होते हैं. नोमुरा ने कहा है कि हिंदी भाषी राज्यों में ज्यादा मतदान देखने को मिला है. ये राज्य भाजपा के गढ़ रहे हैं.

विश्लेषकों का कहना है कि हालांकि मतदान में वोटरों की हिस्सेदारी और चुनावी नतीजों के बीच सिद्धांत रूप में कोई साफ संबंध नहीं दिखता है, लेकिन इस बार त्रिशंकुल लोकसभा (Hung Parliament) की उम्मीद ज्यादा दिखती है. मोतीलाल ओसवाल फाइनेंशियल सिक्योरिटीज के एमडी और सह-संस्थापक रामदेव अग्रवाल ने कहा कि अभी बाजार बीजेपी को 245 से 250 सीटें मिलने का अनुमान लगा रहा है. लेकिन आखिरकार अनुमान तो अनुमान हो होता है.

अग्रवाल ने कहा, "इस बार अनुमान गलत साबित हो सकता है. बीजेपी को 300 सीटें मिल सकती हैं या यह 245 से कम भी रह सकती हैं." ईटी नाउ के कंस्लटिंग एडिटर स्वामिनाथन अय्यर का कहना है कि अगर एनडीए 250 या इससे ज्यादा सीटें जीत जाती है तो उसे नई सरकार बनाने के लिए नए दलों का सहयोग मिल सकता है.

पिछले हफ्ते सपा प्रमुख अखिलेश यादव ने कहा था कि कई ऐसे दल हैं, जो गैर-भाजपा और गैर-कांग्रेस सरकार बनाने के लिए एक साथ आ रहे हैं. उन्होंने कहा, "केसीआर और नायडू इस दिशा में कोशिश कर रहे हैं. ममता दीदी ने हमें बुलाया था. हम सभी गए भी थे. यह कवायद 23 मई के बाद देखने को मिलेगी. पहले भी हम क्षेत्रीय दलों का प्रधानमंत्री देख चुके हैं. इस बार ज्यादा बड़ी गैर-भाजपा और गैर-कांग्रेस सरकार बनेगी."
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Share Market Investment Tips

Before you invest in the stock market, understand these Golden Rules

Tips to Invest in the Stock Market

1. Do not Be a Part of Sheep Movement -

It is a specialty of the human being that whenever an important decision has to be taken or any other work is done, then they work only after consultation with their close relatives, friends, and colleagues. But before investing Shares, you have to avoid this sheep-minded mentality. If you think that all of you are investing in company shares, then you have to do the same, you can get trapped.

Doing this will prove to be fatal for your long term investment. Therefore, you should take your decision according to your information, the purpose of investing, analysis and understanding, not being a part of the crowd.

2. Invest in Business -

The biggest and important rule of the stock market is that whenever you invest, always invest in the business and not in Stock. When you are investing, look at the business of that company, that is, see what the company is doing business and how it is doing. Invest in shares of that company whose business you understand.

3. Thoughtful decision -

If you are deciding to invest in stocks, you should study the Balance Sheet and all the necessary Financial Statements properly to see the performance of the company that you want to invest in the shares of the company. Only then decide to invest your money amount.

4. Get complete information -

When you are studying a company's shares, do not just look at Max and Minimum Shares Price but study whole Share Pattern. Most investors make this mistake in the Share Price level while investing, which they suffer in Long Term Investment.

5. Disciplined Investments -

Decide with your analysis and patients without taking a decision with fear and greed in the ups and downs of the Shares Market. Any investor who disciplines and patiently invest in the right shares of the right company can avail the benefits of the Share Market for a long time.

6. Do not flush in emotions -

While investing in the stock market, be free from feelings of fear and greed and decide. Both of these emotions can affect you by affecting your decision.

7. Portfolio -

Those people who keep diversification in their portfolio of investment, get the right advantage of this market. If you make a good portfolio of your investment and keep separate company shares, you can minimize your risk.

8. Realistic Emotion -

Before investing, you have to do a lot of thinking about Return of Investment. If you earn an income of at least 12% of your investment, then this calculation will not be wrong. But if you are too excited to expect to earn up to 50%, then this excitement can sometimes cause you huge damage.

9. Additional Money Use -

When investing in the Share Market, you should use your money that does not affect your main income and expenditure. That's why its Extra Money should be used only for investing in the stock market.

10. Panini look -

After investing in the stock market, not only will you have to look at the upturn of companies but also keep an eye on the bustling happening in the entire world. The event or accident occurring in any part of the world is directly influenced by the Stock Exchange. That's why you have to keep yourself updated all the time.

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Max India rallies 10% after report of PE firm buying stake in Max Bupa Health

Max Bupa Health Insurance Company is a joint venture between Max India with 51 percent stake and the UK based healthcare services expert, Bupa with 49 percent stake.

Max India shares climbed 10 percent intraday Tuesday after a media report indicated that Indian private equity firm True North Capital is likely to buy a controlling stake in Max Bupa Health Insurance.

The stock was quoting at Rs 82.70, up Rs 2.30, or 2.86 percent amid high volumes on the BSE, at 14:08 hours IST.

"Homegrown private equity fund True North Capital is set to purchase a 51 percent stake owned by Max Group in Max Bupa Health Insurance Company for Rs 1,100 crore, The Economic Times said quoting two persons with knowledge of the plan.

The deal is in the final stages and may be discussed by the Max Bupa board, which is scheduled to meet soon, and the board is likely to approve the transaction later this week, the report added. "Max India will exit the venture."

Max Bupa Health Insurance Company is a joint venture between Max India with 51 percent stake and the UK based healthcare services expert, Bupa with 49 percent stake.

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