Month: August 2019

Blackrock Energy and Resources Trust (BGR) VMA Trending Higher Of Late

Source: Shares of Blackrock Energy and Resources Trust (BGR) have seen the volume moving average (VMA) climb over the past seven sessions.  The stock recently touched 10.17, or a change of -0.09 from the most recent open. There are many traders who think that proper psychology is one of the most important aspects of becoming successful in

Govt’s capex plans likely to get renewed push from RBI windfall

Source: An additional windfall of Rs 58,000 crore from the Reserve Bank of India (RBI) over and above the budgeted estimate may prompt the government to increase capital expenditure (capex). Companies including ACE Construction, Ashok LeylandNSE -1.50 %, Escorts, L&T, Sandhar Technologies and Tata MotorsNSE -1.76 % are dependent on the government’s capital expenditure

Sensex drops 50 points, Nifty tests 11,100 on weak global cues

Source: NEW DELHI: Benchmark equity indices BSE Sensex and NSE Nifty opened on a cautious note on Wednesday tracking weak cues from US stocks in overnight trade. Statement from Moody’s Investors Service’s too impacted investor sentiment on D-Street. Moody’s said the economic measures announced by Finance Minister Nirmala Sitharaman are unlikely to provide some

Moody’s downgrades YES Bank ratings, changes outlook to negative

Source: Mumbai: Global ratings agency Moody’s Investors Service downgraded private sector lender Yes BankNSE -3.53 % deeper in to junk on Wednesday, raising concerns over lower than expected capital raising and its ability to raise further funds. The ratings of the private lender’s long term foreign and local currency bank deposit ratings was downgraded

MCX to reap the benefits as gold fever grips investors

Source: ET Intelligence Group: MCXNSE -0.15 %, India’s largest commodity exchange, will be the biggest beneficiary from increased volatility in gold prices in the listed space.  Total traded value of gold on the exchange for July and August has tripled over last year’s. Average monthly traded value for the past two months is up