Sensex, Nifty at present directionless: Monday Closing Report
Unless the Nifty breaches the high of 6,229, the trend on the index cannot be determined. In fact, there is a strong chance of a decline, despite today’s strong rally

The benchmarks settled 1.66% higher on support from heavyweights in the oil &gas, consumer durables and healthcare sectors. Unless the Nifty breaches the high of 6,229, the trend on the index cannot be determined. In fact, there is a strong chance of a decline, despite today’s strong rally. The National Stock Exchange (NSE) reported a lower volume of 43.01 crore shares and advance-decline ratio of 862:522.


The market opened in the positive on support from Reliance Industries which on Friday announced a huge gas find in its KG-D6 block on the east coast of India. Asian markets were mixed as a strengthening yen weighed on Japanese investors and the Chinese president hinted that the country was prepared for slower economic growth.


The Nifty opened five points higher at 5,989 and the Sensex started the day at 19,751, a rise of 47 points over its previous close. However, profit taking at the open saw the benchmarks falling to their lows in initial trade. At this point the Nifty touched 5,976 and the Sensex slipped to 19,678.


Buying in oil & gas, healthcare and consumer durables stocks soon saw the market brushing aside the early hiccups and move higher. The indices continued to trade firm in the morning session and were steady as trade progressed.


The benchmarks extended their gains in the late session as sectors like consumer durables, oil & gas, healthcare, IT and metal witnessed good buying demand. The gains helped the market its intraday high in the last half of trade. The Nifty went up to 6,100 and the Sensex touched 20,083 at their respective highs, both crossing their psychological levels of 6,100 and 20,000.


The market closed a tad below the highs of the day. The Nifty settled 100 points (1.66%) higher at 6,083 and the Sensex jumped 326 points (1.66%) to finish the session at 20,031.


Among the broader indices, the BSE Mid-cap index climbed 1.14% and the BSE Small-cap index gained 0.79%.


All sectoral gauges closed in the green today. The top gainers were BSE Consumer Durables (up 3%); BSE Oil & Gas (up 2.76%); BSE Metal (up 1.95%); BSE Healthcare (up 1.56%) and BSE TECk (up 1.55%).


Out of the 30 stocks on the Sensex, 27 settled higher. The major gainers were Reliance Industries (up 5.12%); Sun Pharmaceutical Industries (up 4.66%); Jindal Steel & Power (up 3.61%); Bharti Airtel (up 3.31%) and Hindalco Industries (up 3.17%). Cipla (down 1.70%); Mahindra & Mahindra (down 1.60%) and Maruti Suzuki (down 1.09%) were the losers on the index.


The top two A Group gainers on the BSE were—Britannia Industries (up 15.91%) and IndusInd Bank (up 5.99%).

The top two A Group losers on the BSE were—Jet Airways India (down 2.99%) and Prestige Estates (down 2.69%).


The top two B Group gainers on the BSE were—Rathi Steel & Power (up 20%) and Astec Lifesciences (up 19.79%).

The top two B Group losers on the BSE were—Smurthi Organics (down 19.97%) and Remi Metals Gujarat (down 19.94%).


Of the 50 stocks on the Nifty, 43 ended in the in the green. The main gainers were IndusInd Bank (up 6.26%); RIL (up 5.12%); Sun Pharma (up 4.45%); JSPL (up 3.98%) and Bharti Airtel (up 3.85%). The major losers were Cipla (down 1.90%); Maruti Suzuki (down 1.78%); Lupin (down 1.68%); M&M (down 1.66%) and Bank of Baroda (down 1.63%).


Markets in Asia closed mixed as Chinese investors were concerned about the government enhancing measures to curb property prices. The Japanese benchmark tumbled over 3% on uncertainty in the Japanese government bond market.


The Shanghai Composite rose 0.205; the Hang Seng gained 0.30%; the Seoul Composite advanced 0.335 and the Taiwan Weighted surged 0.86%. Among the losers, the Jakarta Composite tanked 1.365; the KLSE Composite declined 0.33%; the Nikkei tumbled 3.22% and the Straits Times lost 0.06%.


At the time of writing, the CAC 40 of France was 0.65% higher and the DAX of Germany was up 0.52% while UK’s FTSE 100 was closed for trade today. While the US markets are also closed for trade, US stocks futures were in the negative.


Back home, institutional investors—both foreign and domestic—were net sellers in the equities segment no Friday. Foreign institutional investors pulled out funds totalling Rs238.56 crore and domestic institutional investors withdrew Rs132.79 crore.


FMCG major Dabur India today announced expansion of its packaged food business with the launch of fruit juice-based drinking yoghurts under the Real Activ brand. The new Real Activ Drinking Yoghurt will be available in two delicious variants of Mango and Strawberry and be available in two stock keeping units of 1 litre and 200 ml priced at Rs105 and Rs25, respectively. The stock shed 0.03% to close at Rs158.10 on the NSE.


Vijay Mallya led-United Spirits today said its board has approved allotment of around 1.45 crore shares on a preferential basis to Relay BV, a subsidiary of Diageo Plc, for a total consideration of nearly Rs2,092 crore as part of the stake sale deal announced last year. The allotment of shares by USL to Relay BV has been according to the preferential allotment agreement inked by three parties—USL, Relay BV and Diageo Plc—on 9 November 2012, it said after its board meeting. United Spirits declined 2.57% to Rs2,502.15 on the NSE.


Gulf Oil Corporation has informed the exchanges that its board has decided to de-merge the lubricants business into a separate listed company. The detailed Scheme of Arrangement will be considered by the board at its next meeting. This move is pursuant to the recommendation of the committee of directors. The stock gained 2.69% to close at Rs66.90 on the NSE.


Kerala Police arrest Amway India chief, two directors

Amway India chief William Scott Pinckney and two other directors are arrested by Kerala Police over financial irregularities

Crime Branch officials of Kerala police arrested Amway India’s managing director and chief executive William Scott Pinckney and two other directors of the multi-level marketing (MLM) company, says a news report from The names of the directors are not yet confirmed, but according to initial reports, it may be Sanjay Malhotra and Anju.


According to the report, the arrests have been made in relation to two cases of fraud registered against the Pinckney in Wayanad district of Kerala. The Amway India chief was in the state to secure anticipatory bail in these cases. He already got a bail in another case registered against him in Kozhikode district.


Earlier, the Crime Branch had seized products worth Rs2.5 crore from various godowns across the state and arrested the Kerala chief of the company.


There were complaints that Amway had supplied new products to distributors at high price. Lakhs of rupees thus collected was invested in the insurance business, the report said.


A probe into the multilevel marketing firm found that products that were Rs37 was sold to consumers for Rs 395 as MRP.


Last year in November, the Economic Offences Wing (EOW) of Kerala Police, conducted searches at the offices of Amway at Kozhikode, Thrissur and Kannur as part of its crackdown on money chain activities and closed down the firm's godowns at these centres. Products valued at Rs2.14 crore were also seized.



jitu moni

2 years ago

Lets spread it friends

Two top representatives of QNet, a Hong Kong-based multi-level marketing company allegedly involved in a Rs 425-crore fraud here, were arrested today after being picked up from Delhi international airport, police said.

The controversial company's senior independent representatives, identified as Sandeep Kalra and Hitesh Miglani, were intercepted by immigration authorities at the Indira Gandhi International Airport at Delhi last night, said an officer with Mumbai Police Economic Offence Wing (EOW).

The duo, who arrived from Dubai in separate flights, was stopped at the airport as Look Out Circulars (LOC) were issued against them by the EOW probing the case.

The two suspects, who were suspected to have had pocketed lakhs of rupees through the scheme and organised several training camps to lure investors, have been subsequently brought to the metropolis and placed under arrest this evening, police said.

The LOCs have been issued against those whose statements have been necessitated in the probe but did not appear before the investigators despite summons.

Kalra hails from Delhi while Miglani is from Bangalore, police said adding that this is the first arrest of those against whom LOCs had been issued.

The EOW had earlier arrested 15 persons for allegedly duping investors by selling QNet products, including magnetic disks, herbal products and holiday schemes, through allegedly fraudulent means.

The EOW has invoked the stringent Maharashtra Protection of Interest of Depositors (MPID) against the company which has denied any wrongdoing on its part.

QNet has also been accused of using the banned binary pyramid business model. An FIR in the case was registered in August in 2013.

The accused had been charged with cheating and forgery under relevant sections of the Prize, Chits and Money Circulation Schemes (Banning) Act, 1978.


4 years ago

Fatwa against the nature of business in which QNET indulges…

Some IR asked this question emphasizing again and again on the word “HALAL PRODUCTS” but the council answering this question sees through the EVIL DESIGN and pronounces this business of “NETWORK MARKETING USING WATCHES AND JEWELLERY AS HARAM”.

Question: 20938
Saudi Arabia
I want to know about one business. Which is as following. Sir the business name is network marketing. The process is that I buy one product which is truely HALAL.e.g wathces, Jewellery etc. Aftre buying the product the company from where I bought the products asked me whether you want to become our business parter If I said Yes. Then I become the business partern of that company. And the money I paid to buy the product is my investment. Now if some more persons come to buy the product from this company through my refrece. Then company will give me commission let say 3% to 6% of each product. and the products are truely HALAL. And there is no cheating also. If I make the marketing of this company and asked the people to buy more product from this company then my i will get profit. If i stop then i will not getting anything. Please let me know whether this business is HALAL or not ... i shall be very thankfull to you if you email me this answer.
Answer: 20938
Mar 28,2010
(Fatwa: 548/L=186/tl=1431)

Network marketing involves cheating and invalid condition. Also, it involves earning profit by unlawful means; hence this business is unlawful according to Islam. It is not lawful to become a member of the company and receive profit.

Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband

The FATWA can be seen here


4 years ago

Seminar of Illegal MLM/Money circulation/Binary Marketing Schemes on 20th of September 2013 at 3.30 Pm, Free entry, Please register A.S.A.P.

Come on Friends a golden opportunity for us LIKE minded people to come together and share our thoughts and experiences regarding this menace being played in India on the name of MLM/Network marketing and what not. LETS MEET !! YES !!

Saradha, Speak Asia, QNet, City Limouzine, StockGuru India, Sahara, MPS Greenery, NMart Retail… All these start as hot, new, investment opportunities and as alternative careers that offer high earnings and ways to escape the drudgery of 9-to-5 jobs. But, eventually, most of them fetch only small additional income and, worse, encourage you to lure and mislead your closest friends and relatives. You need to know how multi-level marketing (MLM) schemes and ponzis can destroy a large chunk of your savings or push you into debt. Understand the mechanics of these schemes, the laws that are applicable to them and why regulators fail to rein in dubious enterprises before they cheat thousands of people. Understand the basics of how to keep your money safe—the first step to smart investment! Collective investment schemes are not even under SEBI's regulation.

Sucheta Dalal, founder trustee of Moneylife Foundation and Managing Editor of Moneylife magazine, is one of the best known financial journalists in India. She has worked with many of India's leading newspapers including Times of India, Indian Express, Economic Ti mes and Business Standard. She was awarded the Padma Shri in 2006 for her investigative journalism spanning over 25 years which included exposing the Harshad Mehta scam in 1992. Sucheta Dalal will be conducting this seminar.

For registration please Contact:
Seraphina / Komal
at 022-49205000 or
email [email protected]
Log on to


4 years ago

This video is so FUNNY, every one should watch it..will lighten up your day :)

Say thanks to creator James for doing this :)


4 years ago

All these words or sentences means the SCAM called QNET…

Listed below are some of the lines or words which mean nothing but QNET aka SCAM

Owner at Global marketing project
A Visionary at Global Marketing Project
Retired at I am THE COMPANY
e-Entrepreneur ! at Entrepreneur
Co Founder at My Office My Health
Global Marketing Projects at E- Enterprenuer
Works at Self Employed and Loving It!
Global Partner at Qnet
Worked at I am unemployable
Business Owner at Business Owner of a Global E-Franchise
Worked at Qnet
Past: THE V and QNET | Faith Egypt | Team Bring It

Global Entrepreneur at QNET (Official)
Past: InService Brotherhood Bootcamp
Works at Achieving the Dream
Chief Executive Officer at Unemployable
Works at Retired
Prosperity Consultant at Faith - Empowering You, Life & Business Coach, JPO Consultant, Networker at Tigers - Leveraging Vision andIndependent Consultant at QNET (Official)
Past: Genpact
Studies Leadership management style at Swiss E-learning Institute
Former Partnership at QI intl
Works at Self Employed and Loving It!
Worked at Honkong Based Multi Billion Dollar Company
Worked at Self-Employed (Business-Entrepreneur)
Retired of a JOB at Social Entrepreneur
Partner at ßusiness of Imp0rts & Exp0rts
Owner at E-Entrepreneur
Works at
Chief Executive Officer at Briltime Corp

If you see any of the above keywords on social media profiles of people trying to catch up with you ..just RUN RUN RUN :P


Sagar Bhambri

4 years ago

Business Standard - Corporate Affairs Ministry Supports Amway, commenting on incident they said that it "is disappointing that such an eventuality came about."

Link to the article -

Sagar Bhambri

4 years ago

Amway CEO is a Victim of Obtuse Policy - Economic Times.

Link to the article -

Further development in the above mentioned case.

Sagar Bhambri

4 years ago

Post Amway arrests, industry demands regulations for genuine direct selling companies - Economic Times. Link to the article



In Reply to Sagar Bhambri 4 years ago

We also have a bigger Multi level marketing or chain marketing scam by Qnet going on in big way, the minimum amount with this scam is 1 lakh, techiques and wealthy people are being targeted.

Modulus Operandi: Call wealthy friends and relatives to Cafe coffee day, get them a costly drink first, then tell them about e-commerce is the best thing on earth and tell all the big names who are into this business, mesmerise them and tell them they will become crorepathi in few months, finally close the transaction on the same day, don't allow the person leave cafe coffee day without signing.

If you want to see yourself, just visit CCD hsr layout,Bangalore on Saturday and Sunday, CCD will be full with around 50 to 100 people doing this activity.

Please publish this and create awareness among the citizens and avoid them getting cheated.

Sagar Bhambri

4 years ago

Ficci Condemns Amway India CEO Arrest. The arrest was unwarranted -


4 years ago

Amway is a scam. Google "Stop The Amway Tool Scam Wordpress" for more information, and forward this to every non-Distributor/IBO you know, so they don't get scammed.

3G case: Delhi HC issues contempt notices to Idea Cellular, others

DoT, in its contempt plea, had said that instead of complying with the orders passed by the high court, Idea Cellular had filed an additional affidavit stating that it has “additionally decided” to provide 3G services to those existing customers who meet the criteria

The Delhi High Court today issued contempt notices against telecom major Idea Cellular (ICL) and its Chairman Kumar Mangalam Birla for allegedly disobeying its earlier order by providing 3G services to new customers in circles where it lacks the requisite licences.


Justice Rajiv Shakdhar asked the telecom company and five others including Birla to file their responses within four weeks and posted the matter for further hearing on 5th August.


Besides the telecom company and its chairman, the court also issued notices to Himanshu Kapania, managing director of ICL, Akshya Moondra, chief financial officer of the firm, P Lakshminarayana and Pankaj Kapdeo, company secretaries of ICL.


The Department of Telecommunications (DoT) had earlier moved the court seeking initiation of contempt proceedings against the telecom firm and its office bearers for “wilful and deliberate” disobedience of a judicial order passed on 12th April by which ICL was restrained from providing 3G services to its new customers.


DoT, in its contempt plea, had said that instead of complying with the orders passed by this court, the petitioner (Idea Cellular) had filed an additional affidavit stating that it has “additionally decided” to provide 3G services to those existing customers who meet the criteria. There are no criteria provided by this court, it had said.


“The order of 12th April is clear and has to be obeyed in its entirely. The petitioner, under the garb of so-called criteria, has modified the condition imposed by this court on 12th April... Therefore, it amounts to contempt of the said order,” it had said.


Earlier, in pursuance of a Supreme Court order on a plea moved by Bharti Airtel, the high court had restrained DoT from taking any “coercive steps” against Vodafone and Idea Cellular which were asked to pay penalty of Rs550 crore and Rs 300 crore respectively for providing 3G facilities outside their circles without the requisite licences.


The court had, however, put a condition on the telecom majors, including Idea Cellular, that they will not provide 3G services to new customers in the circles for which they lacked licences.


Besides initiation of contempt proceedings, DoT has also sought dismissal of Idea Cellular’s plea against its notice demanding Rs300 crore as penalty for providing 3G services in circles including Tamil Nadu, West Bengal, the north east, Assam, Bihar, Karnataka, Rajasthan and Delhi.


In addition to Idea Cellular, Vodafone had also moved the high court against a penalty of Rs550 crore imposed on it by DoT for providing 3G services outside their licensed circles.


Both the telecom firms got the relief from the court which followed the apex court order on a similar plea of Bharti Airtel.


Earlier, the Supreme Court had directed the Centre not to take any coercive step against Bharti Cellular and asked the telecom company not to extend its roaming services to new customers in seven circles where it does not have licences for 3G spectrum.


Bharti Cellular (BCL) had moved the apex court after the division bench of the high court vacated its stay on the operation of a DoT notice against BCL for providing 3G services outside its licensed circles.


DoT had, in separate notices, asked all the three telecom firms to pay the penalties and stop offering 3G mobile phone services in circles where they did not win spectrum in the 2010 auction of the radio waves.


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