Stocks
Nifty under pressure, Bank Nifty steady – Weekly closing report
Nifty may rally, only if it closes above 8,300
 
The S&P BSE Sensex closed the week that ended on 30th April at 27,011 (down 427 points or 1.55%), while the NSE’s CNX Nifty closed at 8,182 (down 124 points or 1.49%). In the previous week, we had mentioned that the 50-stock Nifty is close to short-term bottom and close above 8,400 will mean a short-term rise.
 
Nifty witnessed a weak move on the first day of this week, pulling stocks lower to hit its lowest since 9 January 2015. Nifty closed at 8,214 (down 92 points or 1.10%). In a move favouring foreign portfolio investors, the Central Board of Direct Taxes (CBDT) said it would settle all minimum alternate tax matters of foreign institutional investors coming under the ambit of Double Taxation Avoidance Agreements (DTAAs) within a month of filing of claims.
 
On Tuesday, after moving in the red for most of the session, towards the end, Nifty gained momentum and closed in the green after three days of being stuck in the red. Nifty closed at 8,286 (up 72 points or 0.87%). SEBI chief UK Sinha said that the market regulator is expected to take at least around six months to decide on the listing of stock exchanges but after the merger of Forward Markets Commission with it. World Bank said that India's economy may expand by 7.5% during the current financial year.
 
The 50-stock Nifty closed Wednesday at 8,240 (down 45 points or 0.55%). The Union Cabinet approved the proposal to set up 100 smart cities across the country. In addition to this, old housing projects initiated by the previous government have also been cleared.
 
On Thursday, Nifty witnessed a highly volatile session due to expiry of April futures and options (F&O). The benchmark closed at 8,182 (down 58 points or 0.71%). US Federal Reserve, after its two-day meeting which concluded on Thursday, offered no changes to its zero interest rate policy and showed no new guidance on the timing of the rate hike.
 
The Indian government reportedly withdrew proposals to set up an independent public debt management agency and strip the central bank of authority to regulate government bonds. Finance Minister Arun Jaitley said in Lok Sabha during a discussion on Finance Bill 2015 that the government would instead consult the Reserve Bank of India (RBI) and come out with a detailed roadmap for a new debt management agency.
 
India's stock market would be closed on Friday, 1 May 2015, for Maharashtra Day/ Labour Day.
 
Out of the 27 main sectors tracked by Moneylife, top five and the bottom five sectors for this week were:
 
 

User

COMMENTS

LALIT SHAH

2 years ago

Nifty April close negative daily charts almost oversold.may bounce but weekly monthly shows clearcut bearish trend nifty likely to settled in between 7500-7000 or in worst conditions 6300 about in 2014 may HOPE journey started now comming to reality in leadership of visiting prime minister.common public feeling mohbhang. Loot fat ki SARKAR taxes rising tours increasing. FII PACKING $ WILL TEST 66 ON 66 BIRTHDAY OF P.M.
HAVE NICE DREAMS

NASA telescope captures 'screams' from zombie stars
Peering into the heart of the Milky Way galaxy, NASA's Nuclear Spectroscopic Telescope Array (NuSTAR) has spotted a mysterious glow of high-energy X-rays.
 
These could be the "howls" of dead stars as they feed on stellar companions.
 
"We can see a completely new component of the centre of our galaxy with NuSTAR's images," said Kerstin Perez from the Columbia University in New York.
 
The centre of our Milky Way galaxy is bustling with young and old stars, smaller black holes and other varieties of stellar corpses -- all swarming around a supermassive black hole called Sagittarius A.
 
NuSTAR, launched into space in 2012, is the first telescope capable of capturing crisp images of this frenzied region in high-energy X-rays.
 
The new images show a region around the supermassive black hole about 40 light-years across.
 
Astronomers were surprised by the pictures which reveal an unexpected haze of high-energy X-rays dominating the usual stellar activity.
 
When stars die, they don't always go quietly into the night.
 
Unlike stars like our Sun, collapsed dead stars that belong to stellar pairs or binaries can siphon matter from their companions.
 
This zombie-like "feeding" process differs depending on the nature of the normal star, but the result may be an eruption of X-rays.
 
According to scientists, a type of stellar zombie called a pulsar could be at work.
 
Pulsars are the collapsed remains of stars that exploded in supernova blasts.
 
They can spin extremely fast. As they spin, the beams sweep across the sky, sometimes intercepting the Earth, like lighthouse beacons.
 
"We may be witnessing the beacons of a hitherto hidden population of pulsars in the galactic centre," added study co-author Fiona Harrison from the California Institute of Technology.
 
This new result just reminds us that the galactic centre is a bizarre place, the authors concluded.
 
The report appeared in the journal Nature.

User

COMMENTS

Kr Nishant

2 years ago

and this is connected to share bazaar .. coz you know stars affect stocks ..

Uproar in Rajya Sabha over Ramdev's infertility medicine
The Rajya Sabha witnessed an uproar on Thursday when members raised yoga guru Baba Ramdev's infertility medicine 'Divya Putrajeevak Seed'.
 
A statement from Ramdev's aide S.K. Tijarawala, however, said "'Putrajivak' is classical name and deals with infertility issue not gender selection".
 
The issue was raised soon after the house met by Janata Dal-United (JD-U) leader K.C. Tyagi, who demanded a probe.
 
Tyagi showed a product of 'Divya Pharmacy' from Haryana and said: "PM gave a call for 'Beti Bachao Beti Padhao', I have bought this I have a receipt. No one can say it is old."
 
Divya Pharmacies sells Ramdev's medicines. Tyagi did not name Ramdev but said: "He is the brand ambassador of a state."
 
"Does government of India under Prime Minister Narendra Modi approve all these things?," he asked. Amid protests from treasury benches, Samajwadi Party member Jaya Bachchan took the packet and gave it to Health Minister J.P. Nadda, who was present in the house.
 
"We need not fight over this... If there is an attempt...with regard to selection of sex through a medicine, or pre-natal sex determination, they are all against the law. If this is being encouraged by any state government, it is against the constitution. But chair cannot do anything," Deputy Chairman P.J. Kurien said.
 
Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi said: "This is not an issue to argue on. We will tell minister to probe it whether it is in accordance with law."
 
Nadda also intervened and said: "This is related to department of Ayush. Government is serious about the matter. We will look into it and action will be taken."
 
Jaya Bachchan said the government should assure it will take out the product from market and take action against those who make the medicine. 
 
Nadda again said the prime minister is personally monitoring the 'Beti Bachao, Beti Padhao' scheme.
 
Leader of Opposition Ghulam Nabi Azad said that many spurious medicines are being sold and the health minister should inquire into it. 
 
The website of Divya Pharmacy prices the product at $10.99 and the description says it is a "unique herbal product of putrajeevak which is aphrodisiac, controls habitual abortion and helps in sterility".

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)