WEEKLY ANALYSIS
GOOD MORNING YESTERDAY I MAKE HUGE LOSS AS A SMALL TRADER . IT'S GIVE ME ENCOURAGE TO WORK HARD. KEEP SUPPORT IF U LIKE SHARE UR FRIEND ,
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NIFTY 50 STOCK
Top News Of The Day India asks Russia to cut duty on packet tea The commerce ministry has asked Russia to reduce the import duty on packet tea from 12.5% at present so as to boost exports of value added teas from India. Oil prices slip as Trump calls on OPEC to lower prices Oil prices dipped on Friday after falling in the previous session as US President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this weekend. International benchmark Brent crude for November delivery was down 3 cents at $78.67. SBI not right candidate State Bank of India, the largest lender in the country with a market share of 23%, said further acquisition of public sector lenders would only lead to a monopoly, although chairman Rajnish Kumar agreed there was a need for consolidation. SBI absorbed five associate lenders and the Bharatiya Mahila Bank in April 2017, bringing almost a quarter of the nation’s outstanding loans in the banking sector on t...
BANK NIFTY WAVE THEORY
TOP NEW TODAY SEBI Move To Cut MF Fees SEBI has reduced the expenses that funds companies can charge from investors, the big change is that it has outlawed the upfront commissions that fund distributors get for getting investors to put money into a fund. 10-year bond yield rises to 8.14% Government bonds (G-Secs) eased on selling pressure from banks and corporates and the overnight call money rates also ended lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking system. 10-year bond yield rises to 8.14% from 8.10%. US exempts India from steel import tariffs India has managed to secure an exemption from the US on steel and aluminium tariffs, but with certain conditions. It’s learnt that the US is willing to exempt a certain percentage of exports from India, which is pressing for a complete waiver of tariffs.
TRADE FOCUS ON 14 SEP
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