Sebi allows UCX to exit commodity business | Live Commodity Tips

Sebi allows UCX to exit commodity business

SEBI Registered Company in Indore | Live Commodity Tips

Markets regulator Sebi today allowed the Universal Commodity Exchange (UCX) to discontinue operations as a commodity bourse. 

Live Commodity Tips

In 2012, UCX was granted recognition as a multi-commodity exchange.

The board of UCX had suspended trading operations with effect from July 16, 2014 in view of the "drastic" decline in trading volume.
Thereafter, the exchange has made no attempts for revival of trading and not formulated any plan for the purpose of its revival, according to a Sebi order.

"I... allow the exit of the Universal Commodity Exchange, as a stock exchange and consequent withdrawal of recognition granted to UCX," Sebi Whole Time Member Madhabi Puri Buch said.

The regulator has allowed UCX to make an exit after considering all the facts pertaining to UCX as well as the relevant documents, valuation report, submission by the shareholders of UCX.
Buch also noted that all known liabilities as on date have been brought out in the valuation report.

"UCX has substantially complied with all the conditions contained in the Exit Circular, 2016 and shareholders have submitted an undertaking to state that," Buch said.

"Therefore, I am of the view that it is a fit case to allow exit to UCX in terms of... the Exit Circular, 2016," she said.

In January 2016, the Securities and Exchange Board of India (Sebi) had issued a circular laying out the mandatory requirements or exit policy for all commodity derivatives exchanges.

According to the circular, if there is no trading operation on the platform of any commodity derivatives exchanges for more than twelve months, then such exchange is liable to exit.

Read Also:- Share Market Tips for today's Market

SEBI returns NSE’s consent application in algo scam | SEBI NEWS

SEBI Registered Company in Indore | Equity Tips | Live Commodity Tips

SEBI Registered Company In Indore

Mumbai: The Securities and Exchange Board of India (Sebi) has returned the consent application filed by the National Stock Exchange (NSE) and some of its executives in the colocation case, delaying its share-sale plans.

The regulator wants to investigate the alleged preferential treatment to a few high-frequency traders and brokers to the exchange’s trading platform before considering the consent application.

Consent orders are similar to out-of-court settlements in securities law parlance. The entities involved seek to settle without admitting guilt. The Sebi move is expected to delay NSE’s initial public offering. Colocation is the positioning of servers in proximity with those of the exchange to reduce latency to the minimum.

“NSE is in receipt of a letter from Sebi returning the consent application filed by NSE in the colocation matter, on account of ongoing investigations relating to the same matter. NSE can file the consent application after the completion of the investigations. NSE intends to do the same in due course,” the bourse said in a release.

The exchange had filed its draft prospectus in December 2016 and originally planned to hit the market by 2017. It now expects the share sale to take place next year.

“NSE is committed to resolving the regulatory issues expeditiously,” it said. “As stated earlier, the timeline for the IPO is dependent on the resolution of the regulatory matters with Sebi and we are hopeful we will be able to do the IPO in fiscal 2019.”

NSE and its 12 officials — both former and serving — will have to refile their application after the regulator completes its investigation against the brokers who were allegedly involved in the colocation case. Sebi has initiated its own probe to ascertain the nexus between brokers and the exchange and its executives.

“Consent regulations prescribe for completing the fact-finding investigation before Sebi would consider an application. This is particularly true of complex cases and is rooted in logic,” said Sandeep Parekh, founder of Finsec Law Advisors. Arriving at a consent decree is difficult if the nature of the underlying violation is not known, he said. The case dates back to 2015, when a whistleblower wrote a letter to Sebi alleging that NSE gave preferential access to a few high-frequency traders and  brokers to the exchanges' trading platform.

Last year in May, Sebi had issued showcause notices to the exchange and its officials asking them to explain the alleged irregularities. The NSE filed its consent application with Sebi in July last year, soon after Vikram Limaye took charge as its CEO. Subsequently, the officials involved also filed for a consent decree. 

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NCDEX, MCX, International Market Updates [09.03.2018]

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NCDEX SUPPORT & RESISTANCE LEVEL[09.03.2018]

SOYABEAN FUTURE

R2–3820

R1 -3790

S1-3730

S2-3700

RMSEED FUTURE

R2 –4260

R1- 4230

S1-4170

S2-4140

JEERA FUTURE

R2 –14800

R1-14600

S1-14200

S2-14000

DHANIYA FUTURE

R2 –5650

R1-5550

S1-5350

S2-5250

CASTOR SEED FUTURE

R2 –4230

R1-4200

S1-4140

S2-4110

INTERNATIONAL MARKET UPDATES [09.03.2018]

International market updates

MCX SUPPORT & RESISTANCE LEVEL [09.03.2018]

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Best Stock Advisory | Shares at only Rs 100, can return up to 133%

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BEST STOCK ADVISORY

There is a fall in the stock market. Nifty has come down from 10250 levels. There is a possibility of further pressure on the domestic level due to worsening the sentiment of government banks, weak global market sentiment, rising crude prices and pressure in rupee. At the same time, the Nifty has broken support level of 10276, which has further threatened further correction in the market. Experts are advising to stay vigilant about investment. In such a way, the best way to make a portfolio is to invest in cheap stocks with good fundamentals. We have selected 5 such shares for you, which can get returns up to 133%. 

Lower the chances of risk 

Experts say that lower risk of high volatility in cheap stocks reduces risk. At the same time, if their fundamentals are good then any positive triggers can show good growth. With the stock being cheaper, this option also happens to be invested in more than one stock, rather than putting the entire amount in one stock, this reduces the risk. In this case, there can be a better way of investing. With the lowering of the base price, the impact of the slight increase in these stocks also looks quite aggressive. From this, centiments are positive for stocks. It also gives investors the benefit. 

 What stocks invest in

Tata Power

Tata Power works in the private sector to produce and distribute electricity. Recently, the CERC has approved the company to increase the tariff, which is a positive for the company. Tata Power has identified its non core business and is now the company's focus on core business. Brokerage house Axis Direct has set a target of Rs 136 a share. For the current price of 79, the share can get 72 percent returns. 

Vascon Engineers

Vascon Engineers Limited is Engineering, Procurement, Construction Services and Real Estate Development Company, ZICA Operation is in many states. The company's quarterly results have been better due to the growth in real estate business. The company's order book is strong and there are also some new orders in the pipeline. The company is focusing on its real estate business, in which a good demand is expected to come forward. At present, brokerage house Kotak Securities has set a target of Rs 57. For the current price of 34 rupees, the share can get 68 percent return. 

Power Finance Corp.

Power Finance Corporation Infrastructure Finance Company, which is the financial backbone of Power Sector. Company's quarterly results were not better However, now the focus of management is to improve the asset quality of the company. The valuation of the stock is cheap. Brokerage house Axis Direct has set a target of Rs 135 for the stock. For the current price of 92 rupees, the stock can get 47 percent returns.

Adlabs Entertainment Media and Entertainment Company

The company offers holiday destinations, where there are many means of entertainment such as theme parks and water parks. The company's performance was mixed in the last quarter. The company has taken several measures of cast cutting in the past, thereby improving margins. The extra land the company is going to monetize, which will increase the revenue of the company. The summer is expected to grow in the summer season. Brokerage house SPA Securities has fixed the target of the stock at Rs. 119. In terms of current price 51, the share can get 133% returns. 

Marconsons Pharma

Marcans Pharma is the Indian Pharma Company, whose products are exported to many countries of the world. The company's manufacturing quality is world class. The results of the company's third quarter have been better. The company's US business is improving. The company holds good on the Indian market. Some new products are also going to be approved, which will have the advantage. Brokerage house Centrum has set a target of Rs 55 for the stock. For the current price of Rs 35, there is a 57 per cent return in the share price. 

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NCDEX, MCX, international market updates 08.03.2018 by TradeIndia Research

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NCDEX SUPPORT & RESISTANCE LEVEL[08.03.2018]

SOYABEAN FUTURE

R2–3860

R1 -3830

S1-3770

S2-3740

RMSEED FUTURE

R2 –4260

R1- 4230

S1-4170

S2-4140

JEERA FUTURE

R2 –14700

R1-14500

S1-14100

S2-13900

DHANIYA FUTURE

R2 –5650

R1-5550

S1-5350

S2-5250

CASTOR SEED FUTURE

R2 –4160

R1-4130

S1-4070

S2-4040

INTERNATIONAL MARKET UPDATES [08.03.2018]

International market updates

MCX SUPPORT & RESISTANCE LEVEL [08.03.2018]

MCX FREE TIPS

TradeIndia Research is the SEBI registered company in indore give best advice on stock commodity and forex market, we also grant mcx free tips, free intraday tips and Free Stock Tips. To get most authentic tips with 24/7 proper assistance & fast SMS/ messenger facility.  Join our Whatsapp Group @ 9300421111 Or call @Toll Free No 9009010900

Stocks To BUY, SELL, HOLD: 6 Stocks & 2 sectors are on investor’s views | Share Market Tips

Share Market Tips | Live Commodity Tips | MCX Free Tips

Share Market Tips

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Stocks To BUY, SELL, HOLD: 6 Stocks & 2 sectors are on investor’s  views

Aegis Logistics

Brokerage: Motilal Oswal | Rating: Initiate Coverage with buy | Target: Rs 303

The brokerage house sees LPG throughput CAGR of 51 percent over FY17-20. Meanwhile, gas division EBITDA is expected to grow at 41 percent CAGR over FY17-20. For the firm, it expects liquids throughput CAGR Of 16 percent Over FY17-20. Meanwhile, EBITDA/EPS is expected to grow at 42 percent/51 percent CAGR over FY17-20.

Tata Motors

Brokerage: Credit Suisse | Rating: Outperform

Credit Suisse said that JLR Had Another Weak Month With Volumes Declining 3 percent YoY. Except For XF (In China), All Other Models Had Double-digit Declines. It observed that Chinese volumes were softer as it had few working days. Having said that, it highlighted that the domestic business has been doing very well.

Brokerage: Nomura | Rating: Buy | Target: Rs 526

Nomura said that JLR global retail sales in February at 39,911 units versus estimate of 42,000 units. It sees downside risk to JLR wholesale growth target of 6.7 percent in FY18. Further, FY19 Growth Target is seen at 12 percent. It believes that the stock’s valuations are attractive.

NMDC

Brokerage: Macquarie | Rating: Upgrade to outperform

Macquarie expects volumes to witness 7 percent YoY growth in FY19 after stagnant FY18. Further, rise in volumes will be led by higher demand and restart of damaged railway line. Approval for a higher production quota in Karnataka provides upside risk. However, it said that there is a forecast for a lower correction in the realisations, but a downward trajectory has been maintained.

ICICI Bank

Brokerage: Macquarie | Rating: Outperform | Target: Rs 425

The brokerage house quoted the management view that large part of the stress is recognised, but there will be some more going forward. It said that haircuts will be lower in steel cos which are backed by operating assets.

NTPC

Brokerage: Nomura | Rating: Buy | Target: Rs 200

Nomura expects a sharp rise in commercial generation capacity. Further, it sees return on equity improving to 12 percent in FY19 from 10 percent in FY17.

Maruti

Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 10,563

The brokerage house said that February production data implies that the company can delivery 19.5 lakh units in FY19. It sees upside risk to the forecast as well.

Metals

Brokerage: CLSA

The global research firm believes that mine auctions will gather pace going ahead. JSW Steel & Vedanta Could Be Key Beneficiaries Of Better Resource Integration. Further, auctions in iron ore and bauxite could pick up pace too.

Cons Staples & Discretionary

Brokerage: Nomura

Nomura observed that consumer discretionary names are starting to see cons discretionary names starting to witness initial signs of a demand Rebound. Further, government schemes such as PMAY, Electrification, roads, changing lifestyles are driving growth. It prefers discretionary names over staples.

NCDEX, MCX & International Market Updates [07.03.2018] by TradeIndia Research

MCX Free Tips | Free Stock Tips

NCDEX SUPPORT & RESISTANCE LEVEL[07.03.2018]

SOYABEAN FUTURE

R2–3900

R1 -3870

S1-3810

S2-3780

RMSEED FUTURE

R2 –4290

R1- 4260

S1-4200

S2-4170

JEERA FUTURE

R2 –14800

R1-14600

S1-14000

S2-13900

DHANIYA FUTURE

R2 –5630

R1-5530

S1-5330

S2-5230

CASTOR SEED FUTURE

R2 –4160

R1-4130

S1-4070

S2-4040

INTERNATIONAL MARKET UPDATES [07.03.2018]

TradeIndia Research

MCX SUPPORT & RESISTANCE LEVEL [07.03.2018]

MCX FREE TIPS

TradeIndia Research is the SEBI registered company in indore give best advice on stock commodity and forex market, we also grant mcx free tips, free intraday tips and Free Stock Tips. To get most authentic tips with 24/7 proper assistance & fast SMS/ messenger facility.  Join our Whatsapp Group @ 9300421111 Or call @Toll Free No 9009010900

Stocks in the news: TCS, Sadbhav Infrastructure, Sun TV, Dabur, Dilip Buildcon, REC | Best Stock Advisory

Share Market Tips | Equity Tips | Free Stock Tips | Best Stock Advisory

Best Stock Advisory

Here are stocks that are in news today:

Tata Motors - SEBI
-Asks Tata Motors to strengthen internal controls & report back
-Asks Tata Motors complete internal inquiry on leakage of information in 3 months

-Tata Motors shall strengthen processes to avoid instances of UPSI leakage

ICICI Bank/ Axis Bank
-ICICI Bank, Axis Bank send senior representatives for questioning in PNB matter
-ICICI Bank represented by a senior manager, not on the board of the bank
-Axis Bank represented by DMD V Srinivasan
-Serious Fraud Investigation Office (SFIO) to have sought details from both banks on their exposure to Nirav Modi, Gitanjali group companies
-Neither Chanda Kochhar nor Shikha Sharma were personally summoned by SFIO
-Banks co-operating with investigative agencies on the PNB fraud

Axis Bank says
-SFIO sought information on accounts of Nirav Modi & Gitanjali Group of companies
-Exposure to Nirav Modi & Gitanjali Entities about Rs 200 crore
-Continue to offer information to authorities on Nirav Modi & Gitanjali companies

Indo Rama Synthetic will have board meeting on March 9, 2018 for:
-Issue of non convertible debentures amounting Rs 183.33 crore
-Issue of compulsorily convertible debentures amounts to Rs 16.67 crore via private placements

Sadbhav Infrastructure says
-Bid approved from NHAI for the project four lane of Tumkur-Shivamogga based on hybrid annunity model
-Bid project cost Rs 1,008.0 crore
-NHAI will provide letter of award within 60 days

Sun TV Network
-Board meeting on March 12, 2018 for declaration and payment of interim dividend
-Record date for interim dividend, if declared will be March 12, 2018

Ashoka Buildcon
-Company's subsidiary submitted bid to NHAI for the projects in Karnataka
-ACL has emerged as lowest bidder at the meeting
-Aggregate amount of bidding for 3 projects is Rs 2,991 crore

Jubilant Life Sciences
-Maharashtra government stays order by excise department cancelling licences for distillery operations
Alert: Maharashtra Excise Department cancelled Jubilant Life's DS-I, Form-I licences on March 3

Religare Enterprises
-Promoter sells 2.16 percent stake in company via pledge invocation from February 24-March 1

-Singh brothers’ stake falls to 1.42 percent from 2.51 percent post pledge invocation

Other stocks and sectors in the news today:

Dabur India in focus - Dabur South Africa (Pty) Ltd step down subsidy of Dabur has entered into agreement for purchase of D and A Cosmetics Proprietary Limited, and Atlanta Body & Health Products Proprietary Limited (both incorporated in South Africa)

IRB Infrastructure's SPV Solapur-Yedeshi Tollway starts toll collection today

TCS issued press release for extension of partnership with Virgin Atlantic Airlines for 5 years

HPL Electric & Power issued commercial papers of Rs 40 crore on March 6, 2018

Zee Entertainment will make partial redemption (20 percent) of listed bonus preference shares

JSW Steel says upgraded bond rating from Ba3 to Ba2 by Moody's Investor Service

Avenue Supermarts says CRISIL rating revised from stable to positive at AA

Dilip Buildcon received letter of award from NHAI for new Hybrid Annuity project valued at Rs 917 crore in Jharkhand

UltraTech Cement in focus - Limit increased to 40 percent of capital for investment by RPFIs (FII)

AU Small Bank tied up with Aurionpro Solutions to enhance its digital banking offering corporate internet banking and cash management platform for SME, MSMEs and Corporate customers

Ortel Communications says registration of wholly owned subsidiary Ortel Broadband Limited with ROC

Baring PE and representative from E&Y met the senior management for understanding the business model and operations of Can Fin Homes

Speciality Restaurants opened two new restaurants in Mumbai i.e. Sweet Bengal and Zoodles

Millitoons Entertainment announced acquisition of J & K Hotels, LLC (20 percent stake) and termination of acquisition agreement of Kirksville Hospitality

Rural Electrification Corporation approved the sale of WR-NR Power Transmission Limited, wholly owned subsidiary of the company to Power Grid Corporation

Bank of Baroda will have to provide for potential loss of Rs 120 crore for Gupta family company in South Africa

Union Bank plans to offload 26 big stressed accounts to Rs 5,900 crore

Tata Motors showed its plugged into E-Vehicles, unveils Sedan concept

SEBI asked to investigate results leaked on Whatsaap

ITC's Aashirvaad atta is now Rs 4,000-crore brand

Hindustan Aeronautics, Bandhan Bank, ICICI Securities, Bharat Dynamics IPOs to hit market this month to raise money for Rs 12,000 crore: Mint

Government’s Health cover plan will benefit Apollo Hospitals as well: ET

Tata Sons to buy up to 6.64 percent in Indian Hotels Company from three promoter entities

Reliance Communications moves to HC against order restraining asset sale: ET

UltraTech Cement takes fight for Binani Cement to National Company Law Tribunal: BS

Torrent Pharma readies Rs 16,000 crore bid for Sanofi’s European unit: Media Report

Liberty House emerges as top bidder for Amtek Auto: ToI

Power Grid emerges as lowest bidder for 1 transmission system of REC

Central Pollution Control Board orders temporary suspension of Sharon Bio Medicine's API plant

Kaveri Seed in focus - Government likely to slash BT Cotton seed price to Rs 740 per packet: Mint

TradeIndia Research is India’s one of the best stock advisory who give best stocks to buy with live commodity tips, stock trading tips, equity tips, share market tips. To get most authentic tips with 24/7 proper assistance & fast SMS/ messenger facility. Join our Whatsapp Group @ 9300421111 Or call @Toll Free No 9009010900