The Finance Naka

SEBI came up with a circular approving extended trading in the derivatives segment and it will certainly have lot of impact in different ways. We are moving towards being a matured market. However, if you are an options trader and wondering how it will impact your trading pattern;  here are a few technicalities which may change as a result of extended derivatives trading. Lower Volatility Option writers are majorly trying to make money from either theta decay in options or volatility drops. Mostly the perceived volatility of the market is higher than historical volatility and that is the opportunity for option writers. Volatility is a factor of uncertainty and more news / events happens outside the trading window more will be the risk as there might not be an opportunity to act immediately. Gap-ups and Gap-downs are common for an events reactions and this risk keeps the volatility high. With extended trading hours in derivatives the uncertainty becomes lower ...

L eading cab aggregators Uber and Ola are set to face tough competition in the city with the launch of cab-hailing app S3 Cabs next week, which is more driver-focused in terms of fees and over-all benefits. Promoted by city-based mid-sized logistics player Bharat Freight Group, S3 Cabs has already roped in over 700 cabbies from Ola and Uber even before the launch, Sohel Kazani, director, Sahayadri Smart Safe, which owns S3 Cabs brand told PTI. "The main USP for S3 Cabs is that its drivers will not be charged for the first Rs 1,800 collection every day and collections above this will be charged only at 10 percent, which is just 50 percent of what Uber and Ola charge to their drivers," Kazani added. He said the service will be launched formally by state chief minister Devendra Fadnavis "any day between May 7 and 14" depending on his availability. Kazani, who has been into logistics and transport business for decades, claimed to have the advantage of full s...

US retail giant Walmart’s USD 12 billion acquisition of India’s biggest e-commerce firm  Flipkart  is in the final stages and a deal is likely to be announced in the next few days, according to sources. The contours of the deal, which is expected to see Walmart taking nearly 72-73 per cent stake, are being finalised following which approval from the both the boards will be taken, sources privy to the development said. They declined to be identified as the matters are still under discussion and are confidential. Separately, Bloomberg reported that board of Flipkart Online Services has approved an agreement to sell about 75 per cent of the company to a Walmart-led group for about USD 15 billion. Walmart is likely to buy stakes of multiple Flipkart investors, including that of Tiger Global Management and Softbank to end up with a significant majority holding, sources said. Tiger Global and Masayoshi Son-led Softbank hold about 20 per cent stake each in the Singapore holding...

How to book Tatkal e-tickets from IRCTC and make payment via e-wallet: 1. You need to create an account on IRCTC’s online portal. 2. You are requested to login to the IRCTC official website as much as 5 to 10 minutes before the stipulated time. 3. The maximum number of people you can book the e-ticket is 4 Passengers per PNR for Tatkal tickets. 4. For AC ticket the time starts at 10:00 AM and for Non-AC ticket, the time starts at 11:00 AM. 5. You need to select origin-destination and the date of journey. Click on Submit. 6. This is where you need to select quota as “TATKAL”. After doing that, you need to click on BOOK NOW for today’s date for any train. 7. Fill in the details correctly such as Name, Age, Gender, Seat Preference etc. 8. You need to check the “Book only if confirm berths are allotted” checkbox. 9. Another thing to keep in mind is that you will need to enter the Captcha carefully. 10. While making the payments, you will need to select the e-wallet. You can ...

IFCI plans to merge IFCI Financial Services (IFSL) with Stock Holding Corporation of India (SHCIL) as part of the efforts to gain synergies out of the common businesses of these two subsidiaries. As of end-March 2017, IFCI held 94.78 per cent stake in IFSL and 52.86 per cent stake in SHCIL. “The Board approvals are already in place from the three concerned entities. We have sought government’s approval also. The combination is expected to be completed by end-June,” sources in IFCI said. In fact, IFCI was earlier looking to complete the transaction by the end of March 2018. The share swap ratio for the proposed combination is yet to be finalised, sources said. IFCI has been looking to divest holding to unlock value. IFCI:Background IFCI , previously  Industrial Finance Corporation of India , is an Indian government owned  development bank  to cater to the long-term finance needs the industrial sector. It was the first  development finance instituti...

Former IRDAI member Radhakrishnan Nair has been appointed to ICICI Bank’s board as an Additional (Independent) Director. His appointment will be for a period of five years and is subject to shareholders’ approval. Nair has around 40 years of experience in the banking industry and in the field of securities and insurance regulation. He is already an independent director of three subsidiaries of ICICI Bank — ICICI Prudential Life Insurance Company Ltd; ICICI Prudential Trust Ltd and ICICI Securities Primary Dealership Ltd. Meanwhile, Tushaar Shah, an existing non-executive independent director at ICICI Bank, will complete his term of eight years and cease to be director from Thursday. (Source:Hindu)

Complying with the Know Your Customer or KYC norms is mandatory for every mutual fund's investor. It is important for an investor to submit their identity details to the mutual fund houses. AMC's are required to formulate rules and implement a customer identification program in accordance with the Prevention of Money laundering Act, 2002 (PMLA). These rules and regulation gets updated and is issued by SEBI from time to time. The KYC process is free for the investors. What are all documents required? Firstly, you need to get a KYC form which you can download from the various website. You can also ask for the form from a broker or an agent if you are dealing with any of them. After filling up the form, you need to provide self-attested copies of the following documents along with it you need to carry originals for In-person verification. => Proof of identity => Proof of Address => PAN Card => Photograph => Aadhaar Card, if required Where should you submit t...

Hello guys,     Welcome to The Market Adda, a one stop portal for market analysis, the topic which we are going to cover today is about the income tax software through which the return of income is filled by the chartered accountants.                 we are going to tell about TAXBASE which is the simple and accurate software for income tax calculation and filling purpose. so let us begin with the features first The first and the needed feature this software provides is the record of data i.e we can keep the record of all assesses information e.g PAN details, aadhar number, date of birth .etc   It facilitates automatic login to the E-file website and filling of income tax return after furnishing the all the information    Taxbase facilitates computation of advance tax for all instalments based on estimated income and earlier advance tax installments paid. Taxbase facilit...

Doji candlesticks look like a cross, inverted cross or plus sign. Alone, doji are neutral patterns that are also featured   in a number of important patterns . A   doji candlestick   forms when a security's open and close are virtually equal for the given time period and generally signals a   reversa l   pattern for   technical analysts BREAKING DOWN 'Doji' There are two main forms of technical analysis: fundamental and technical. Fundamental analysts concentrate on measures that have to do with business performance such as sales and net income. Technical analysts, on the other hand, concentrate on patterns in the stock price. If the stock price is going up, it might be a sign that prices will continue to go higher and vice versa. Technical analysts believe that all known information about the stock is reflected in the price, which is to say price is efficient. Still, past price performance has nothing to do with future price performance, ...

Infosys has proposed a Buyback of about 4.92% of its total paid up Equity Share Capital i.e., around 11.30Cr Equity Shares. Also, it announced that some of it's promoters too intend to participate in Buyback. However, the said Buyback is yet to receive approval through special resolution by Postal Ballot. What is Buyback? Buyback basically refers to purchasing own Equity Shares from Equity Shareholders. The prime motto behind Buyback is reducing the excess Ownership, Increasing Earnings Per Share, etc.

The optimal system of denominations of currency (coins and notes) is one that would minimize the number of denominations and concurrently increase the probability of proffering exact change. So, what should be the optimal mix of currency denominations? Many countries have opted to use a near variation of the Renard Series, i.e., 1:2 or 1:2.5 ratio between adjacent denominations of currency, which means that the denomination should be twice or two and half times of its preceding denomination. Such a ratio allows exchange of value ordinarily in a maximum of three denominations. In India, we have currency denominations of 1, 2, 5, 10, 20, 50, 100, 500 and 2000. As such, in the lower end of the denomination series, 200 is the missing one.

The Reserve Bank of India (RBI) will issue bright yellow-coloured Rs 200 denomination banknotes on August 25, the central bank today said. In a notification, the banking regulator said, new Rs 200 notes will be issued in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. The new denomination has Motif of Sanchi Stupa (from Madhya Pradesh) on the reverse, depicting the countrys cultural heritage. "The base colour of the note is Bright Yellow, RBI said on its website. Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting, RBI said. Post demonetisation in November 2016, RBI had introduced new Rs 500 notes and for the first time Rs 2,000 denomination notes. Reports have suggested that Rs 2000 notes wi...

What is a 'Head And Shoulders Pattern?' In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. ' Head And Shoulders Pattern ' This pattern is comprised of three component parts: 1. After a long bullish trends, the price rises to a peak and subsequently declines to form a trough. 2. The price rises again to form a second high substantially above the initial peak and declines again. 3. The price rises a third time, but only to the level of the first peak, before declining once more. The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline. Head and sho...

The Nifty rallied to a fresh record high of 10,137.85 on Wednesday but saw selling pressure soon after the Reserve Bank of India (RBI) slashed key rates by 25 bps and made a bearish candle, which closely resembles a Bearish Belt Hold kind of pattern, on daily charts. A Bearish Belt Hold pattern is formed when the opening price becomes the highest point of the trading day, which in Wednesdays trading session was a record high of 10,136.30 and rose slightly to a record high of 10,137.85. After opening, the index then witnesses selling pressure throughout the trading session. In this pattern, there is small or no upper shadow and the index declines throughout the trading day which makes up for the large body and a small lower shadow. In Wednesday's price action, Nifty50 opened at 10,136.30, which was slightly below its record high of 10,137.85. Hence, there was no or insignificant upper shadow. It slipped over 80 points to touch its intraday low of 10,054.20 which made a ...

The Real Estate (Regulation and Development) Bill, 2016 was introduced by Dr. Girija Vyas, Minister of Housing and Urban Poverty Alleviation in 2013. The Union Cabinet of India approved 20 major amendments to the Bill upon Rajya Sabha’s recommendations, in 2015. It then finally got approved by the Rajya Sabha and the Lok Sabha on 10th and 15th March, 2016, respectively and finally became an Act in May, 2016. What is It? RERA aims to create a regulatory body for the real estate sector. The main aim of the Act is to protect the interest or buyers and promote timely delivery of properties or projects. In order to achieve this, registration of the projects covering either more than 500 sq. ft. land or involving at least eight apartments has been made compulsory. The builder or “promoter” will need to furnish the details of the project online and this information would be available to the public. Earlier, builders used to include extra spaces in the carpet area and charged buyers 20-30 ...

At the closing bell today, Sensex fell by 73.42 pts and arrived at 32309.88 pts. The intraday index was below 32300 pts. Nifty closed at 10014.50 pts at the closing bell, thus, showing a bearish candle. As experts said earlier days that a downfall will be seen for next few sessions at Nifty index, today the bearish candle was finally seen at Nifty. Gold prices surged by ₹113 to arrive at ₹28443/10gms while USD was ₹64.15 (surged by ₹0.05). Crude Oil rised by ₹28 is currently ₹3145/barrel.

At the closing bell today, Sensex rised by 154.19 pts and arrived at 32382.46 pts. The intraday index was somewhere above 32400 pts. Amongst the top gainers were the Tata Steel with 2.22% rise, Sun Pharma with 2.08% rise, ICICI by 2.07%. Other gainers were the Cipla, M&M, Hindustan Unilever, etc. Nifty finally crossed 10000 mark today to arrive at 10020.55 pts at the closing bell and leaves a historic impression of crossing the said 10000 mark. Though experts say that a downfall will be seen for next few sessions at Nifty index, still today the bullish candle was seen at Nifty. However, a continuous bullish candle may not end for long period and hence the bulls are adviced to be cautious. Bajaj Finance, Yes Bank, Godrej, etc. were amongst the top gainers while the top losers were Idea Cellular, Axis Bank, Pidilite Industry, Shriram Transport, etc. Gold prices fell by ₹75 to arrive at ₹28327 while USD was ₹64.36 (fell by ₹0.02). Crude Oil rised by ₹44 is currently ₹3082/barrel.

The International Monetary Fund (IMF) kept its outlook for growth in India unchanged at 7.2% in 2017-2018 and 7.7% in 2018-2019,according to the latest update of the fund's World Economic Outlook released on July 24.The Indian economy expanded by 7.1% in 2016-2017.The fund revised upwards its growth for China and Japan,although India remains the fastest growing major economy in the region and the world.

Sensex slipped by 17.60 pts today and arrived at 32228.27 pts. The intraday index was somewhere between 32230 and 32225. Amongst the top gainers was the Axis bank with 1.96% rise, Bharti Airtel with 1.76% rise, TCS (1.50%), Tata steel and Adani Ports SEZ, etc. Nifty finally crossed 10000 mark today to give a historic touch today. However, it slipped by 1.85 pts as compared to last day index to arrive at 9964.55 pts at the closing bell. Experts say that a downfall will be seen for next few sessions too at Nifty index. Idea Cellular, Vedanta ltd, Shriram Transport, etc. were amongst the top gainers while the top losers were Zee Entertainment, Power Finance Corporation, Glaxosmithkline Pharmaceuticals, etc. Gold prices fell by ₹6 to arrive at ₹28423 while USD was ₹64.38 (rised by ₹0.04). Crude Oil rised by ₹55 is currently ₹2987/barrel.

Today, Sensex showed the upward trend at the closing bell with 216.98 pts to end at 32245pts. Further, Nifty50 showed the bullish trend by crossing it's all time high strike price of 9928 and ended at 9966. Support from bears is found to be ranging between 9850 to 9880 and Bulls support and uprise to 10000 to 10100. A fall in Gold price by ₹14 was found where the Gold price arrived at ₹28539/10gms. USD rised by ₹0.01 and it at ₹64.335 today. The Crude oil surged to ₹2944/barrel today.