nifty trading tips

A few stocks in focus for on Wednesday

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Commodity Market, BSE,Some companies likely post their financial results today, 31 May 2017, that include Castrol India, Bombay Potteries & Tiles and Raghav Ramming Mass among others.

Indian Hydropower generation company, NHPC Limited reported a standalone net profit at Rs 168.42 Cr, in the quarter ended March 31, 2017, as against Rs. 245.48 Cr, in the corresponding quarter of last year.

The second largest airline company, Jet Airways, has reported 95% decline in consolidated net profit at Rs. 23.00 cr, for the quarter ended March 31, 2017, on account of to higher fuel prices and lower fares. In the same quarter of Last year, the company had reported a net profit of Rs 426.00 Crore.

The leading Steel company, Steel Authority of India Ltd (SAIL India) has reported a net loss of Rs. 771.3 cr, for the Q4FY17, as against Rs 1184.64 Cr, in the corresponding quarter of the last year.

Gitanjali Gems has posted a consolidated net profit of Rs 5.14 crore for the quarter ended March 31, 2017, on higher income, versus a net loss of Rs 23.24 Cr, in the corresponding quarter of the previous year.  Net income went up to Rs 5,544.64 Cr, in the Jan-March quarter of 2016-17 financial year from Rs 4,282.73 Cr, in the year-ago period.

NSE reduces fee on options, currency derivatives to strengthen market

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Money Maker Research, Market News, Daily Market Updates, NSE, BSEThe National Stock Exchange (NSE) has appreciably lowered transaction charges in currency derivatives and equity options. Effectively, trading members will have to pay a flat Rs. 2500 transaction fee for a month, on a premium value of up to Rs. 3.00 crore in equity options.

The new action follows changes in transaction charges of late introduced by Bombay Stock Exchange (BSE), started charging on per trade basis in certain sectors. Moreover, the BSE has been gaining market share in the currency derivatives segment. Additionally, the NSE has also introduced a slab-based structure for turnover above Rs. 3.00 crore, under which transaction charges per lakh of premium value will fall as turnover enhances.

In the meantime, the NSE has also decreased transaction charges for currency derivatives trades and has put in place a slab-based system, helping reduce the cost of trading and hedging for various entities, including small & medium enterprises.

The transaction charges for currency derivatives was in consonance with linking to traded value and compliance points. All reduction features are expected to make Indian markets more competitive and attracting wider participation, that infuse more liquidity.