Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
It is absolutely essential.We dont realise the importance of investments when we are young (in fact many make a fun of it ) ....but as is the case with many senior citizen ,they did not act in time and now the age is against them for investing in equities.....we must have a retirement kitty which will give us 3-4 times our expenses as a passive income without any active involvement in any profession. Now at advanced age they dont have money,risk taking ability and they feel totally helpless.I meet some senior citizen who have only 20-25 L as their fixed deposit investments giving them monthly interest in SCSS ( and they come from educated class like college professors ) and they keep worrying about interest rates going down which means money in their hand goes down and they have to manage with less budget.Last week one old couple asked me in low voice that they are unable to manage expenses on FD interest so they are thinking of selling gold ornaments but there also goldsmiths are taking 30-35 % cut from the value of gold.....bad situation for them but atleast gold is trading at high price now....so told them sell your gold now if you are thinking of it else by necessity you will have to sell it when the prices go down.
Smart_trade
Smart_trade
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India June business sentiment lowest since 2016: Survey
India's slowing economic growth, water shortage and regulatory hurdles have taken its business sentiment in June to the lowest level since 2016, a survey by market research firm IHS Markit showed on July 15.
The aggregate of private-sector companies forecasting output growth during this year fell to +15% in June from +18% in February. The level was earlier hit three years ago - its lowest since data became available in 2009, according to the report.
Hopes of pro-business government policies and a better financial flow continue to underpin optimism towards output and profitability growth in the year ahead, said Principal Economist Pollyanna De Lima said.
"As such, firms plan to expand capacities by taking on additional workers, though sentiment for all measures of expenditure are anaemic."
Capital investment confidence in India is among the weakest of all countries for which comparable data are available, ahead of only China and the UK, while optimism regarding research and development is below the average for emerging markets, she said.
India expects its economy to grow 7% this year, after growth slowed to a five-year-low of 6.8% in the last fiscal year, as New Delhi cautioned of challenges in keeping fiscal deficit in check earlier this month.
The country is also staring at a deficit monsoon this year, raising concerns over the output of summer-sown crops in a nation where 55% of arable land is rain-fed.
The survey also found companies were concerned about potential depreciation in the rupee pushing prices for imported materials higher, a lack of skilled labour, likely tax hikes, financial difficulties and customers increasingly demanding discounts.
The IHS Markit reports are produced on a triannual basis, with data collected in February, June and October.
A similar survey report last month by Thomson Reuters/INSEAD showed confidence among broader Asian companies was also at a 10-year low and showed little signs of easing.
India's slowing economic growth, water shortage and regulatory hurdles have taken its business sentiment in June to the lowest level since 2016, a survey by market research firm IHS Markit showed on July 15.
The aggregate of private-sector companies forecasting output growth during this year fell to +15% in June from +18% in February. The level was earlier hit three years ago - its lowest since data became available in 2009, according to the report.
Hopes of pro-business government policies and a better financial flow continue to underpin optimism towards output and profitability growth in the year ahead, said Principal Economist Pollyanna De Lima said.
"As such, firms plan to expand capacities by taking on additional workers, though sentiment for all measures of expenditure are anaemic."
Capital investment confidence in India is among the weakest of all countries for which comparable data are available, ahead of only China and the UK, while optimism regarding research and development is below the average for emerging markets, she said.
India expects its economy to grow 7% this year, after growth slowed to a five-year-low of 6.8% in the last fiscal year, as New Delhi cautioned of challenges in keeping fiscal deficit in check earlier this month.
The country is also staring at a deficit monsoon this year, raising concerns over the output of summer-sown crops in a nation where 55% of arable land is rain-fed.
The survey also found companies were concerned about potential depreciation in the rupee pushing prices for imported materials higher, a lack of skilled labour, likely tax hikes, financial difficulties and customers increasingly demanding discounts.
The IHS Markit reports are produced on a triannual basis, with data collected in February, June and October.
A similar survey report last month by Thomson Reuters/INSEAD showed confidence among broader Asian companies was also at a 10-year low and showed little signs of easing.
As realty bites, builders want you to own a ready home and pay later
Builders are offering customers a "buy now, pay later" scheme for ready-to-move-in homes—buyers can move in with a small down payment and pay EMIs after a year or two—as property developers take "desperate" measures to liquidate their bulging inventory amid slowing demand.
Read full Article here
Builders are offering customers a "buy now, pay later" scheme for ready-to-move-in homes—buyers can move in with a small down payment and pay EMIs after a year or two—as property developers take "desperate" measures to liquidate their bulging inventory amid slowing demand.
Read full Article here
India's steel exports fall 34% to 6.36 MT in 2018-19
The country's total steel exports fell 34 percent in 2018-19 to 6.36 million tonne (MT) compared to the preceding fiscal, Parliament was informed on July 15.
"In comparison to 2017-18 (9.62 million tonnes), India's total steel export has declined by 34 percent in 2018-19 and stood at 6.36 million tonnes," Union Minister for Steel Dharmendra Pradhan said in a written reply to the Lok Sabha.
He also informed the house that the government has taken appropriate measures such as anti-dumping and countervailing duties in order to protect the domestic industry from unfair external competition.
"Government has also notified 53 Steel and Steel Product (Quality Control) Orders which is applicable for both domestic production as well as imports," he said.
The Steel Quality Control Order are implemented in the public interest for protection of human, animal and plant, safety of environment, prevention of unfair trade practices and national security, he added.
He also said that trade related issues are a part of ongoing economic relationship discussion between India and the US.
The country's total steel exports fell 34 percent in 2018-19 to 6.36 million tonne (MT) compared to the preceding fiscal, Parliament was informed on July 15.
"In comparison to 2017-18 (9.62 million tonnes), India's total steel export has declined by 34 percent in 2018-19 and stood at 6.36 million tonnes," Union Minister for Steel Dharmendra Pradhan said in a written reply to the Lok Sabha.
He also informed the house that the government has taken appropriate measures such as anti-dumping and countervailing duties in order to protect the domestic industry from unfair external competition.
"Government has also notified 53 Steel and Steel Product (Quality Control) Orders which is applicable for both domestic production as well as imports," he said.
The Steel Quality Control Order are implemented in the public interest for protection of human, animal and plant, safety of environment, prevention of unfair trade practices and national security, he added.
He also said that trade related issues are a part of ongoing economic relationship discussion between India and the US.
In other news..
India shifts to net steel importer in 2018-19 fiscal
https://www.thehindu.com/business/E...mporter-in-2018-19-fiscal/article26831055.ece
India was a net importer of steel during the 2018-19 fiscal year, the first time in three years, as the country lost market share among its traditional steel buyers and imports jumped on demand for higher quality steel domestically.
The country’s finished steel exports fell by 34% in the fiscal year that ended in March to 6.36 million tonnes, according to preliminary government data given to Reuters. During the same period, finished steel imports rose 4.7% to 7.84 million tonnes.
India’s exports during the fiscal year declined after rival steelmakers in China, Japan, South Korea and Indonesia, blocked from markets in the United States and Europe by tariffs and other protectionist measures, ate away at the country’s markets in the Middle East and Africa, according to an Indian government official with close knowledge of the matter.
Imports from the four Asian countries also climbed as they diverted supply into India, the source said.
Imports of value-added steel, primarily for the auto sector and high-end electrical steel, were the biggest source of imports, the source said.
“The imports for producing value-added steel for the auto sector is mainly by foreign steelmakers like POSCO,” the source said, declining to be identified.
India shifts to net steel importer in 2018-19 fiscal
https://www.thehindu.com/business/E...mporter-in-2018-19-fiscal/article26831055.ece
India was a net importer of steel during the 2018-19 fiscal year, the first time in three years, as the country lost market share among its traditional steel buyers and imports jumped on demand for higher quality steel domestically.
The country’s finished steel exports fell by 34% in the fiscal year that ended in March to 6.36 million tonnes, according to preliminary government data given to Reuters. During the same period, finished steel imports rose 4.7% to 7.84 million tonnes.
India’s exports during the fiscal year declined after rival steelmakers in China, Japan, South Korea and Indonesia, blocked from markets in the United States and Europe by tariffs and other protectionist measures, ate away at the country’s markets in the Middle East and Africa, according to an Indian government official with close knowledge of the matter.
Imports from the four Asian countries also climbed as they diverted supply into India, the source said.
Imports of value-added steel, primarily for the auto sector and high-end electrical steel, were the biggest source of imports, the source said.
“The imports for producing value-added steel for the auto sector is mainly by foreign steelmakers like POSCO,” the source said, declining to be identified.
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