General Trading Chat

[vikas2131]

FM to hold a press conference at 3:00 pm......

ST

Most likely try to calm market down.

 

[soft_trader]

FM to hold a press conference at 3:00 pm......

ST

some relief on fuel price likely to come in the way of excise cut.

Though I don't follow AG but one of his statements few mins ago made me laugh, "..... once these farmers are sitting outside Delhi something was bound to get cut. I think traders should also sit around Delhi and get STT cut ......"

 

[Smart_trade]

Center to give Rs 1.5, OMC to give Rs 1 and they are asking states to give Rs 2.5 relief to Petrol and Diesel both.

ST

 

[travi]

Center to give Rs 1.5, OMC to give Rs 1 and they are asking states to give Rs 2.5 relief to Petrol and Diesel both.

ST

Market's verdict is now clear and undoubtful, tum OMC ko dhuup mein khade kardo aur free mein petrol/diesel baato, mkt ko koi farak nahi padega ab

 

[vivektrader]

Nifty holding weekly TDST support (for today atleast).

Vivek

 

[Dr. Jan Itor]

Market's verdict is now clear and undoubtful, tum OMC ko dhuup mein khade kardo aur free mein petrol/diesel baato, mkt ko koi farak nahi padega ab

True Ravi sir. Rs. 1 does not matter. What matters is that even if government de-regulates a PSU, there is no guarantee that it will stop interfering with it's business. The disproportionate (20%) cracking in OMCs indicates this fear in market.

 

[Smart_trade]

True Ravi sir. Rs. 1 does not matter. What matters is that even if government de-regulates a PSU, there is no guarantee that it will stop interfering with it's business. The disproportionate (20%) cracking in OMCs indicates this fear in market.

With Re 1 reduction per ltr the OMCs will take a hit of 20 % on their profits...any sector where Govt has a say Govt spoils it...better to stay away from such Govt interference sectors.....

Smart_trade

 

[Riskyman]

With Re 1 reduction per ltr the OMCs will take a hit of 20 % on their profits...any sector where Govt has a say Govt spoils it...better to stay away from such Govt interference sectors.....
Smart_trade

A one rupee cut is not a significant reduction. The market is so fragile that any news is used to sell and take cash away. If you will remember, in 2014 just before the elections, the OMCs were one of the first to start rallying even though WTI crude was trading above 90-95 USD.
Also, the OMCs were the first to start correcting from as early as Aug-sept 2017 when WTI was trading at 47-50 usd

 

[Vipul_84]

ST Sir,
Wanted to know how profit harvesting works after bonus issue. I mean say a company is trading at 444 and I purchase 100 shares of the company at the price of 444. Now it decides to give 1:1 bonus. After due date, now I have 200 shares at price of around 222. So can I sell 100 shares at 222 and claim the loss? But then what happens to remaining 100 shares? When I want to sell them, how much profit would be considered?

 

[travi]

ST Sir,
Wanted to know how profit harvesting works after bonus issue. I mean say a company is trading at 444 and I purchase 100 shares of the company at the price of 444. Now it decides to give 1:1 bonus. After due date, now I have 200 shares at price of around 222. So can I sell 100 shares at 222 and claim the loss? But then what happens to remaining 100 shares? When I want to sell them, how much profit would be considered?

Actually, ST sir has answered in very detail, can search and if you're lucky will get the post.
To answer last part in short, the purchase price of bonus share is considered 0 in accounting, hence full sale value will be the profit component.

see this http://www.traderji.com/community/threads/general-trading-chat.96368/post-1224589
search, you'll get many posts on this.