TECHNICAL AND FUNDAMENTAL TECHNIQUES

National carrier Air India has defended its move to stock extra meals for the two-way trip to some foreign destinations to save on catering expenses. "Any misgiving about stale food is unfounded as food stay fresh in chillers onboard and served piping hot to ensure authentic taste all over our network," the airline tweeted. "Food uplifted at the country of origin is industry practice favoured by pax for taste, quality and reliability. We are following this practice on our flights up to Europe and not on our longer duration flights to USA." According to the airline, return catering is done by leading flight kitchens adheres to laid down standards and protocols regarding quality of food. On January 9, briefing reporters Air India CMD Pradeep Singh Kharola said that the airline has already started to stock extra meals for the entire two-way trip to destinations like Stockholm, Copenhagen, Birmingham and Madrid. Accordingly, the airline intends to save on catering ...

Key inflationary trends, combined with the ongoing quarterly result season, are expected to determine the movement of equity indices next week. The sharp deceleration in the rate of India's industrial output growth is also expected have an impact on investors' sentiments. Additionally, global cues such as concerns over the rise in crude oil prices and trade talks between the US and China, along with the direction of foreign fund flows, will affect the risk-taking appetite of investors. "Going forward, the market will closely watch guidance and management commentary of the companies coming out with their earnings," SMC Investments & Advisors CMD D.K. Aggarwal told IANS.  "Besides, third quarter results, macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictate the trend of the market going for...

Mumbai - The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points. All the sectoral indices on the BSE traded in the red except the IT and Teck stocks. Weakness in the Asian markets dampened the domestic investor sentiments on Monday, analysts said. At 9.34 a.m., the Sensex traded at 35,838.57, lower by 171.27 points 0.48 per cent from the previous close of 36,009.84 points. It had opened 36,113.27 and so far it touched an intra-day high of 36,124.94 and a low of 35,806.28 points. The Nifty50 on the National Stock Exchange traded at 10,736.75 points, lower by 58.20 points or 0.54 per cent from the previous close. LEARN AND EARN STRATEGY >>>> GOLD SILVER TIPS

If the index manages to breach 11000 levels and sustain above that than another round of short covering is expected that may drive Nifty towards 11,200 levels in the coming weeks. After 4 days of consecutive up move, Indian markets saw profit booking from higher levels in the last two days of the last week but failed to close above 10,800 levels. Since the last 2 weeks, Nifty was consolidating in a broad range of 10,600-10,900 levels. From higher levels, long unwinding was seen in banking, cement and oil & gas sector that kept broader markets under pressure. In the second half of the session, the technology sector saw minor profit booking ahead of the quarterly result of TCS, scheduled to be announced after markets hours. Overall, technical setup for Nifty remains bullish and after this consolidation, the index is again expected to inch upwards. In the short-term, Nifty will find resistance around 10,900-11,000 range whereas at the same time, put writing at 1...

GNA Axles | Sun Pharma Advanced Research | KNR Constructions | Shree Rama Newsprint and Cadila Healthcare are stocks which are in the news today. Indiabulls Ventures, ICICI Securities, Supreme Infrastructure India, Tata Metaliks, Prakash Industries Infosys  Q3: Profit down 12.2 percent to Rs 3,609 crore versus Rs 4,110 crore; revenue up 3.1 percent at Rs 21,400 crore versus Rs 20,609 crore; $ revenue up 2.2 percent at $2,987 million versus $2,921 million and constant currency revenue growth at 2.7 percent QoQ. Company raises FY19 constant currency revenue growth guidance to 8.5-9 percent from 6-8 percent and maintains EBIT margin guidance at 22-24 percent. Infosys : The board approves a special dividend of Rs 4 per share and buyback up to Rs 8,260 crore at maximum Rs 800 per share. Cadila Healthcare : Zydus received final approvals from the USFDA for Betamethasone Dipropionate Cream and Amlodipine & Atorvastatin tablets. Jammu & Kashmir Bank ...

Net interest income increased 13 percent year-on-year to Rs 881.63 crore in quarter ended December 2018. Shares of Jammu and Kashmir Bank (J&K Bank) gained 6.6 percent intraday Monday on the back of strong numbers declared by the company for the quarter ended December 2018 (Q3FY19). The bank has reported a 43 percent year-on-year increase in December quarter profit at Rs 103.75 crore, driven by other income and operating income. Profit in same quarter last year stood at Rs 72.47 crore. Net interest income increased 13 percent year-on-year to Rs 881.63 crore in quarter ended December 2018. Asset quality weakened as gross non-performing assets were higher at 9.94 percent as of  December 2018 against 9 percent as of September 2018. Net NPA were also higher at 4.69 percent against 3.91 percent, QoQ. Other income (non-interest income) grew by 52 percent year-on-year to Rs 163.5 crore and operating profit jumped 11 percent to Rs 425 cror...

The IT major reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter. Analysts remain largely mixed on Infosys’ Q3 performance, especially highlighting the pressure on margins. Upbeat about better revenue and revenue guidance, some brokerages such as CLSA have raised target price. The IT major reported 12 percent quarter on quarter (QoQ) decline in December quarter net profit to Rs 3,609 from Rs 4,110 crore last quarter. The revenue was at Rs 21,400 crore, up around 4 percent over the previous quarter's Rs 20,609 crore. The earnings before interest and taxes (EBIT) was at Rs 4,830 crore, while the EBIT margin was 22.6 percent. The company has maintained FY19 EBIT margin guidance at 22-24 percent. The dollar revenue grew 2 percent quarter-on-quarter to $2,987 million. The constant currency revenue growth was 2.7 percent. Interestingly, the company raised its FY19 constant currency guidance ...