Market Update-23 April 2019

Market Update-Date 23 April 2019

·       Sensex closed at 38564 and Nifty closed at 11575 and BankNifty closed at 29479.

·       Crude Oil Traded in range US $74.35 per barrel to US $ 74.52.

·       Rupee traded in range 69.64 to 69.77.

·       US Dollar Index was at 97.35.

·       VIX was at 25.13 and Put Call Ratio was at 1.36.

News Updates:

1.NSE TO exclude 34 stocks from FNO trading.

The stocks to be excluded are: 1)Ajanta Pharma 2)Allahabad Bank 3)BEML 4)Canfin Homes 5)CEAT 6)CG Power 7)Chennai Petro 8)DCB Bank 9)Godfrey Phillips 10)Godrej Industries 11)Gujarat State Fertiliser 12)IDFC 13)IFCI 14)India Cements15) Indian Bank 16)Infibeam 17)IRB Infra 18)Jet Airways 19)Jain Irrigation 20)Kaveri Seed 21)Karnataka Bank 22)MRPL 23)NHPC 24)Oriental Bank 25) PC Jeweller 26)Repco Home 27)Reliance Power 28)South Indian Bank 29)Suzlon 30)Syndicate Bank 31)Tata Communications 31)TV18 Broadcast 32)VGuard Industries 33)Wockhardt

2)Biocon to consider issuing of bonus shares on 25^th April.

Biocon rose 1.48% to Rs 616.75 at 9:23 IST on BSE after the company said it board will consider issuing bonus shares at its meeting scheduled on 25 April 2019.

3) Analysts say crude oil prices may rise to the $80-85 range in the short term. 

Crude oil prices hit a fresh five-month high on Tuesday after the Trump administration decided not to extend the waiver that it had granted to India and seven other countries on Iranian oil imports beyond the May 2 deadline. 

Market Update-19 April 2019

Market Update -Date 19 April 2019

Today's Data
	Closed At	Today's Range
Sensex	39140	39487-39083
Nifty	11752	11738-11856
Bank Nifty	30223	30142-30669
Rupee	69.49	69.44-69.70

Crude Oil traded in range between  $ 70.85 per barrel and $71.63 per barrel.

US Dollar index closed at 97.01 and VIX is closed at 22.96.

News Updates:

At close, the Sensex was down 135.36 points , while Nifty was down 34.40 points .

About 872 shares have advanced, 1662 shares declined, and 163 shares are unchanged.

Market will remain shut of Friday (April 19) on account of Good Friday.

Yes Bank, India bulls Housing, Hindalco Industries, Vedanta and Zee Entertainment were among major losers on the indices, while gainers include Reliance Industries, JSW Steel, Tata Motors, BPCL and Wipro.

Next Week Quarterly Results:

20 April 2019- HDFC Bank

22 April 2019- AU Small Finance,Goa Carbon, Lux Industries, Swaraj Engines

23 April 2019- Tata Global Beverages

24 April 2019 -Hexaware,IBULSHSG Finance,ICICI PRU,Tata Elexi,Bharti Infratel

25 April 2019- AXIS Bank,Maruti,biocon,nestle,SBI Life

Life Insurance- Best Gift to your Loved Once

IN-How to fill Demand Draft form of SBI

What is Inflation?

This post will shed some light on the questions like: What is Inflation? What causes inflation?

People usually complain about prices going up these days. This rise in prices in economic terms is called “inflation”.Inflation:” Inflation is a rise in the general level of prices of goods and services in an economy over a period of time”.-WikipediaThe higher the inflation, the lesser the value of our money. Inflation reduces the purchasing power of our money. Your money 5 years back cannot buy the same amount of goods now. We pay more money for the same quantity of goods.
Inflation is a sign that an economy is growing. The lack of inflation may be an indication that the economy is weakening.

Have you ever perhaps asked to anyone “What causes the inflation? "If you want to know then here’s a simple explanation:
There are many causes for inflation, depending on a number of factors. But there are broadly 3 causes:
Demand pull inflation: If demand is growing faster than supply, prices will increase. This usually occurs in growing economies like India. Prices are forced upwards because of the high demand.
Cost-push inflation: If there is drop in supply due to natural disaster (e.g. drought) or increased prices of inputs (raw material).
When a country experience natural disasters like excessive rain or drought, it destroys various crops, causing prices of these crops rise to high.
Let us say, if inputs/raw materials increase in price, this leads to the cost of production increasing. If there is a rise in production costs, which leads to an increase in the price of the final product of the company, which in turn leads to the company increasing prices to maintain their profits.
Built- in inflation: Rising labor costs can lead to inflation. As workers demand their wage increases, and companies usually chose to pass on those costs to their customers. It leads to a vicious circle.

Documents required to open DEMAT account

The following are the Documents required to open DEMAT account.

1.PAN Card (mandatory)
2.Proof of identity (copy of any one proof):
1) Passport
2) Voter ID Card
3) Driving license
4) PAN card with photograph
5) Identity card/document with applicant's photo
3.Proof of address (copy of any one proof):
1) Ration card
2) Passport
3) Voter ID card
4) Driving license
5) Bank passbook
6) Verified copies of electricity bills/ residence telephone bills (not more than two months old)/ Leave and license agreement .
7) Identity card/document with address, issued by Central/State government and its departments.
4. Photographs (passport size 2 or more. depends on the DP)
5. Bank account details (The one that needs to be linked to the DEMAT account) along with 3 Cheques i.e. Margin amount Cheque, Cancelled Cheque and DP Cheque.

The above mentioned docs should be sufficient to open a DEMAT account.
Above all PAN Card is extremely essential to open a demat Account. I advise you to carry original documents along with photocopies as they will ask the originals for verification.
So get your all documents in place.

Charges levied on a demat account

Before going to DP for opening a Demat account, We should know what all type of charges are levied for opening the account. Here I listed them.

Different types of Demat Account Charges:
There are 3 major charges charged on a demat account: >
1. Account Opening fee :> There may or may not be an opening account fee, depends on your DP.
2. Annual maintenance fee :> Charged in advance, for maintaining your portfolio.
3. Transaction fee :> Charged for crediting/debiting securities to and from the account on a monthly basis.

Do not confuse Demat account charges with brokerage charges.
Demat account charges are levied to your DP and Brokerage charges are paid to your Broker, in case if your DP and broker are 2 different entities.
There are also other type of charges levied on a demat account like Dematerialization, Rematerialization, Pledge Services, off market transfers, STT charges and they may or may not be applicable and varies from DP to DP.