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October 2015 - Archive

Saturday, October 31, 2015

News Updates - India needs more action to support fiscal stability: IMF


India needs to take further policy action to support external and fiscal stability in coming years and should focus on revenue-side measures and adopt additional structural reforms to sustain its strong growth, the IMF said today.

Observing that favorable policies and increased political certainty following 2014 election strenghned India's economic activity, the International Monetary Fund (IMF) said, "Since 2013, reductions in spending have fostered some improvement in the fiscal deficit, and the current account deficit has narrowed considerably more than expected.

" The IMF in its latest Staff Sustainability Assessments for G-20 Mutual Assessment Process attributed this improvement to import compression associated with weak private investment, as well as a reduction in gold imports.

More recently, economic activity has been strengthening, as business and consumer confidence have rallied in response to favourable policies and increased political certainty following the 2014 election, it said.

Going forward, this strong growth is expected to continue as a result of lower oil prices and favourable policy measures, though inflation expectations remain elevated despite relatively tight monetary policy and lower global commodity prices, IMF said.

These positive developments notwithstanding, the IMF observed, further policy action is needed to support external and fiscal stability in coming years.

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TOP NEWS - Govt provides Rs 3,000 cr duty benefits to boost exports

To boost country's exports, which have been in the negative zone since December last year, the Centre today has given additional incentives of Rs 3,000 crore to several products, including textiles and electronics.
"In light of the major challenges being faced by Indian exporters in the backdrop of the global economic slowdown, the Department of Commerce today announced increased support for export of various products and included some additional items under the Merchandise Exports from India Scheme (MEIS)," the Commerce Ministry said in a statement today.
On October 7, the Commerce Secretary after holding consultations with exporters has informed that the allocations for export incentive schemes in the current financial year has been increased to Rs 21,000 crore, from earlier Rs 18,000 crore.
Commenting on the move, exporters body Federation of Indian Export Organisations (FIEO) said that the incentives would enhance price competitiveness and help in arresting the current downfall in exports.
FIEO Director General Ajay Sahai said that Rs 3,000 crore incentive would help Indian exporters at this challenging time.
As many as 110 new products such as chemicals and medical equipment have been included under the MEIS scheme and rates or country coverage or both have been increased for 2,228 existing tariff lines.
As many as 110 new products such as chemicals and medical equipment have been included under the MEIS scheme and rates or country coverage or both have been increased for 2,228 existing tariff lines.
Under the MEIS, the government provides duty benefits at 2 percent, 3 percent and 5 percent depending upon the product and country.
Global support has been extended to products including textile items, pharmaceuticals, project goods, auto components, telecom, computer, electrical, electronics and railway transport equipment.
Earlier, benefits to these items were provided to a few countries.
The move is expected to help in improving competitiveness of large number of exporters and help them tide over the difficult global economic scenario.
Contracting for the 10th month in a row, India's merchandise exports dipped 24.33 percent in September to USD 21.84 billion, mainly due to steep fall in shipments of petroleum products, iron ore, and engineering goods amid tepid global demand.
Rewards under MEIS are payable as percentage of realised free-on-board value and the MEIS duty credit scrip can be transferred or used for payment in a number of duties including the basic customs duty.
The other new products that have been added under this scheme include medical instruments, sports goods, value added processed products of natural rubber, chemicals and plastics.
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Friday, October 30, 2015

CAPITALSTARS PERFORMANCE TODAY'S



CAPITALSTARS PERFORMANCE TODAY'S


STOCK FUTURES:
FUTURES INTRADAY:

KOTAK BANK FUTURES   BUY  CALL 3 TGT
CASTROL INDIA  FUTURES BUY CALL 2 TGT
TATACOMM  FUTURES BUY CALL 2 TGT

CASTROL INDIA  FUTURES 2ND BUY CALL 1 TGT

PREMIUM FUTURES:

LT  FUTURES   SELL  CALL 3 TGT

CASTROL INDIA  FUTURES   BUY  CALL SL HIT

NIFTY FUTURES:

NIFTY FUTURES SELL CALL ON HOLD

OPTION:

APOLLOTYRE  180  PUT  BUY CALL  3 TGT

KOTAK BANK 680 CALL BUY CALL 2 TGT

OPTION PREMIUM:

RELINFRA 400 CALL  BUY CALL 3 TGT  

STOCK CASH:
STOCK CASH INTRADAY:

KOTAK BANK  BUY CALL  3 TGT (BOOKED AT 693.80)
DR REDDY  BUY CALL  3 TGT
ITC  BUY CALL  2 TGT
DIVISLAB  BUY CALL 1 TGT
YES BANK BUY CALL 1 TGT

JETAIRWAYS BUY CALL COST EXIT

STOCK CASH PREMIUM :
ICICI BANK BUY CALL 1 TGT


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CAPITALSTARS DAILY NIFTY SMART MOVERS & TOP LAGGARDS

DAILY NIFTY SMART MOVERS 

SCRIPTS
PRICE
VOLUME             (IN 000’S)
PRE. CLOSE
CHANGE (%)
CHANGE (Rs.)
688.85
4271.44
664.00
3.74
24.85
   NTPC
132.10
8805.11
127.95
3.24
4.15
   ICICI Bank
276.75
24323.11
271.45
1.95
5.30
   Yes Bank
755.75
3936.50
743.60
1.63
12.15
4279.90
1011.22
4221.35
1.39
58.55


DAILY NIFTY TOP LAGGARDS  


SCRIPTS
PRICE
VOLUME (000’S)
PRE. CLOSE
CHANGE (%)
CHANGE (Rs.)
99.35
16404.93
107.10
-7.24
-7.75
1409.00
7334.15
1470.75
-4.20
-61.75
   ITC
335.65
18220.20
350.00
-4.10
-14.35
1180.40
896.99
1227.80
-3.86
-47.40
   Bosch
20435.15
24.70
21067.45
-3.00
-632.30

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CAPITALSTARS CLOSING BELL

CAPITALSTARS CLOSING BELL

 NIFTY SPOT DOWN 45@8065 
 SENSEX DOWN 182@26655 
 BANK NIFTY FUTURES UP 95@17412 

 HAVE A NICE DAY!

+917316790000

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