My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

Powered by Capital Market - Live News

Rupee gains
Feb 28,2017

Rupee closed higher at 66.9300/9325 per dollar on Tuesday (28 February 2017), versus its previous close of 66.94/95 per dollar.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks tepid ahead of Trump policy speech
Feb 28,2017

Headline equities of Asia Pacific market closed mixed in thin trading on Tuesday, 28 February 2017, as investors awaited a speech by U.S. President Donald Trump for details on tax reform and infrastructure spending later in the global day. Regional investors were also opted sideline ahead of key economic indicators (local and global) schedule to release tomorrow.

Investment sentiment was pressured as investors globally remained cautious ahead of President Trumps address to lawmakers. President Trump will deliver his fiscal budget to Congress on Tuesday evening in Washington. Market watchers will take a wait-and-see attitude for details on tax reform and infrastructure policy, areas where the Trump administration has promised sweeping changes. MSCIs broadest index of Asia-Pacific shares outside Japan erased earlier modest gains and edged down slightly.

Markets have largely priced in the new administrations policies, including corporate tax reform, infrastructure spending and deregulation, although expectations have moderated on the timing and extent of fiscal stimulus.

Markets have been longing for more detail on Trumps promised stimulus plans to judge if President Trumps really would lift inflation and economic growth, and thus add to the case for higher US interest rates. Such an outcome would tend to boost the US dollar across the board.

Among Asian bourses

Australia Market ends down

Australian equity market finished session down, due to late hour sharp selloff amid worries ahead of Trumps State of the Union address tomorrow. Among key sectors, shares of bullion, metal & mining, resources, and consumer staples complainers witnessed heavy selloff, while energy and utilities stocks registered notable buying. At the close, the benchmark S&P/ASX 200 index dropped 12 points, or 0.21%, of 5,712.20, while the broader All Ordinaries index shed 12.80 points, or 0.22%, to 5,761. For the month of February, the benchmark index gained 1.6%.

Gold stocks were the biggest drag on the materials sector, on caution ahead of President Donald Trumps speech to the U.S. Congress. Investors werent buying gold miners to hedge the risk. Perhaps it was expectations of some big tax cut or fiscal stimulus announcement that will push the odds of a US rate hike even higher. St Barbara shed 11.2% and Resolute Mining tanked 12.3%.

Shares of energy companies inclined, thanks to a big rally in WorleyParsons and gains in the oil price. Benchmark Brent crude was up 0.3% at $US56.11 today, underpinned by high compliance with OPECs production cuts even as the market remains anchored by rising US production. Engineering firm WorleyParsons rallied 32% on news that privately owned Dar Group had bought a 13% stake. Dar, which made a takeover offer in November that WorleyParsons rejected, said it was a strategic investment and that it currently has no plans to launch takeover talks. Oil-and-gas producer AWE climbed 2.1% after the release of first-half results

Electronics retailer Harvey Norman was up 0.6% after reporting a 39% surge in first-half profit on ongoing sales growth.

Cleaning and laundry-services company Spotless sank 14% after releasing an unexpectedly soft profit outlook.

Bellamys shares have come out of a trading halt, rising 4.2% to A$4.45 following the companys extraordinary shareholder meeting. Shareholders voted to remove existing directors Michael Wadley and Charles Sitch at the meeting.

Nikkei ekes out gain

The Japan share market ended in green terrain for the first time in last five market days, thanks to buybacks on a pause in the yens strengthening and a continued Wall Street rally overnight. The Nikkei 225 average closed 11.52 points, or 0.06%, higher at 19,118.99. The Topix, covering all first-section issues, rose 1.32 points, or 0.09%, to close at 1,535.32

Shares of Japanese electronics, industrial and brokerage stocks attracted buying as hawkish comments from Federal Reserve Bank of Dallas President Robert Kaplan boosted Treasury yields and the dollar against the yen overnight. Electronics parts maker Sharp rose 1.8% to 333 yen, Sony shares rose 0.69% to 3,478 yen, construction machinery maker Komatsu gained 1.8% to 2,710.5 yen and Nomura Holdings added 1.2% to 729.3 yen. Uniqlo operator Fast Retailing, a market heavyweight, was up 0.68% to close at 35,490 yen.

Defense-linked companies also rose on speculation of stronger demand following news that President Trump will call for a $20 billion boost in military spending when he addresses Congress. Industrial-machine maker IHI advanced 3.6% to 350 yen and Kawasaki Heavy Industries climbed 1.4% to 353 yen.

Takata fell 0.18% to 552 yen after the airbag maker pleaded guilty to fraud and agreed to pay a billion-dollar fine to settle suits over the defective safety devices.

Toshiba dropped 3.52% to 208.2 yen after Japans Mainichi newspaper reported that the loss-hit conglomerate aims to raise up to 2.5 trillion yen ($22 billion) by selling all of its prized microchip business.Telecom NTT DoCoMo lost 0.76% to finish at 2,667 yen after reports said it will likely get $1.17 billion in compensation from Indias Tata group for liquidating their joint venture.

China Stocks close edge higher

Mainland China stock market closed edge higher in thin trading, as caution over market overheating after a steady run-up in recent months pushed the main index near its late-November peak. Sector performance was mixed, with property, energy, logistics, and delivery companies led the rally, offsetting a drop in steel and liquor stocks. At the close, the blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.19% to close at 3,452.81. The Shanghai Composite Index added 0.4% to close at 3,241.73. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.63% to 2001.32. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, was edge up 0.02% to 1,927.16 points.

SF Express shares jumped 10% in Shenzhen, rising by its daily limit for a fourth straight day. The share ended at 66.8 yuan. The company completed its back-door listing on Friday after buying Shenzhen-listed Maanshan Dingtai Rare Earth & New Material Co.

Zhejiang People Culture, a takeover target of mainland actress Zhao Wei, slumped 10% in Shanghai to 15.2 yuan, as securities regulators announced plans late on Monday to investigate the company.

Jiangsu Ankura Smart Transmission Engineering Technology, a manufacturer of high-voltage connectors and components, jumped by its allowable 44% limit to 35.11 yuan, from an offering price of 24.38 yuan, in debut trade in Shenzhen.

Hong Kong Stocks fall

The Hong Kong stock market closed down for fourth straight session, as caution prevailed in the market ahead of U.S. President Donald Trumps speech before Congress late today. The Hang Seng Index dropped 0.8% or 184.3 points to 23740.73, while the Hang Seng China Enterprises Index eased 0.3% to 10,297.96. Turnover decreased slightly to HK$73.1 billion from HK$74.5 billion on Monday. For February, Hong Kong stocks gained 1.63%, adding to gains in January when the index rallied 6.18%.

Macau casinos shrugged off the weak sentiment, driven by improved earnings. Galaxy Entertainment added 0.3% to HK$37.2 after it posted a 51% rise in 2016 net profit. Sands China was the biggest gainer among the Hang Seng components, rising 1.1% to HK$32.4. SJM Holdings added 0.2% to close at HK$6.4.

Oil prices were little moved but oilfield service providers saw robust buying orders. Jutal Offshore Oil Services (03303) surged 15% to HK$1.73. It has risen for four consecutive days, with a combined gain of 28%.

CLP Holdings, the larger of Hong Kongs two electricity suppliers, gained 1% to HK$79 after it reported stable growth in operating profit on Monday. Nomura is bullish on CLP Holdings (00002) noting its stable earnings and dividend growth. Deutsche Bank also sees a better prospect for the companys Australian business.

China Yuhua Education, which provides private education in China, closed 2% higher in debut trade at HK$ 2.1, after surging as much as 10.7% from its IPO price of HK$2.05 in the morning trading session.

Sensex, Nifty settle at over one-week low

Indian benchmark indices dropped in a volatile session of trade as investors await an address that US President Donald Trump is scheduled to make to Congress in the global day today. The barometer index, the S&P BSE Sensex, fell 69.56 points or 0.24% to settle at 28,743.32. The Nifty 50 index fell 17.10 points or 0.19% to settle at 8,879.60. Both the Sensex and the Nifty settled at over one-week low. Private bank stocks saw mixed trend. PSU bank stocks rose. Most realty stocks rose. Shares of public sector oil marketing companies declined. Cement shares saw mixed trend.

State Bank of Travancore rose 0.64%. The bank announced the revision of Marginal Cost of Funds Based Lending Rate (MCLR) from 1 March 2017. The announcement was made before market hours today, 28 February 2017.

BPCL fell 5.42% on turning ex-dividend today, 28 February 2017 for an interim dividend of Rs 19.50 per share for the year ending 31 March 2017 (FY 2017).

Tata Steel rose 0.37% after the company said its first greenfield ferro-chrome plant at Gopalpur has started production. The announcement was made during market hours today, 28 February 2017.

Engineering and construction major L&T rose 0.14%. The company said that its wholly-owned subsidiary, L&T Hydrocarbon Engineering (LTHE), signed an enterprise framework agreement (EFA) with Shell Global Solutions International B.V., for providing engineering, procurement and construction management (EPCM) services for Shell projects in the Middle East, South East AsIa and India.

Powered by Capital Market - Live News

Hong Kong Stocks fall ahead of Trump policy address
Feb 28,2017

The Hong Kong stock market closed down for fourth straight session on Tuesday, 28 February 2017, as caution prevailed in the market ahead of U.S. President Donald Trumps speech before Congress late today. The Hang Seng Index dropped 0.8% or 184.3 points to 23740.73, while the Hang Seng China Enterprises Index eased 0.3% to 10,297.96. Turnover decreased slightly to HK$73.1 billion from HK$74.5 billion on Monday. For February, Hong Kong stocks gained 1.63%, adding to gains in January when the index rallied 6.18%.

Powered by Capital Market - Live News

China Stocks close edge higher
Feb 28,2017

Mainland China stock market closed edge higher in thin trading on Tuesday, 28 February 2017, as caution over market overheating after a steady run-up in recent months pushed the main index near its late-November peak. Sector performance was mixed, with property, energy, logistics, and delivery companies led the rally, offsetting a drop in steel and liquor stocks. At the close, the blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.19% to close at 3,452.81. The Shanghai Composite Index added 0.4% to close at 3,241.73. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.63% to 2001.32. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, was edge up 0.02% to 1,927.16 points.

Powered by Capital Market - Live News

Nikkei ekes out gain on yen pause
Feb 28,2017

The Japan share market ended in green terrain for the first time in last five market days on Tuesday, 28 February 2017, thanks to buybacks on a pause in the yens strengthening and a continued Wall Street rally overnight. The Nikkei 225 average closed 11.52 points, or 0.06%, higher at 19,118.99. The Topix, covering all first-section issues, rose 1.32 points, or 0.09%, to close at 1,535.32

Powered by Capital Market - Live News

Bullion, mining stocks weigh down Australia market
Feb 28,2017

Australian equity market finished session down on Tuesday, 28 February 2017, due to late hour sharp selloff amid worries ahead of Trumps State of the Union address tomorrow. Among key sectors, shares of bullion, metal & mining, resources, and consumer staples complainers witnessed heavy selloff, while energy and utilities stocks registered notable buying. At the close, the benchmark S&P/ASX 200 index dropped 12 points, or 0.21%, of 5,712.20, while the broader All Ordinaries index shed 12.80 points, or 0.22%, to 5,761. For the month of February, the benchmark index gained 1.6%.

Powered by Capital Market - Live News

Zee Entertainment Enterprises provides update on sale of Sports Broadcasting Business
Feb 28,2017

Sony Pictures Networks India (SPN) and its affiliates have completed the first phase of a two-phase acquisition of the TEN Sports Network from Zee Entertainment Enterprises (ZEE) and its subsidiaries.

The first phase of the transaction inter alia comprising of sale of entire equity share of the Company in Taj-India and transfer of major part of Sports Broadcasting Business of Taj - Mauritius concluded upon receipt of USD 330 million, being consideration of the transaction, by the Company and/or its subsidiaries.

The second phase of the transaction is expected to be concluded within next few months.

Powered by Capital Market - Live News

India Ratings Maintains Stable Outlook on Cement Sector for FY18 on Stable Demand Growth
Feb 28,2017

India Ratings and Research (Ind-Ra) has maintained a Stable Outlook on Indian cement manufacturers for FY18. Ind-Ra expects the operating profitability of cement manufacturers in FY18 to be around the FY16 and estimated FY17 levels, due to stable demand growth, despite an increase in input cost. Demand will be backed by an increase in government expenditure. Ind-Ra also expects the credit profile of cement manufacturers to remain stable on stable operating profitability and in the absence of debt-led capex.

Ind-Ra has revised down its FY17 growth estimates to 3%-3.5% from 4%-6% earlier. This revision is largely attributed to a blip in demand due to demonetisation. Ind-Ra however expects the cement industry to grow 4%-5% yoy in FY18, driven largely by the demand stemming from infrastructure activities and a revival in housing demand in rural areas, both led by government spending.

The price of pet coke and coal has almost doubled since September 2016. The current increase in crude oil prices is also likely to lead to an increase in diesel prices. Ind-Ra expects stable cement demand to enable cement manufacturers to pass on increases in cost during FY18.

Ind-Ra believes that a 38% and 23% increase in the allocation of funds towards the housing sector under Pradhan Mantri Awas Yojna and spending of the ministry of road transport and highways to INR290 billion and INR649, respectively, would increase cement demand in FY18.

Ind-Ra expects cement producers to add additional 50mtpa capacity over FY16-FY18 at a CAGR of 6% compared to the CAGR of 4.9% during FY13-FY16 (additional 40mtpa). The countrys eastern region will continue to lead supply growth and is likely to add 17mtpa through FY16-FY18, followed by north (14mtpa). The CAGR capacity additions in the eastern (10%) and northern regions (7%) may outpace cement demand in these regions.

Pan-India capacity utilisation remained stable in FY16 at around 70%. However, Ind-Ra has revised pan-India capacity utilisation for FY17 to 65% from 69%-70%, due to the weak demand outlook in 2HFY17 on account of demonetisation. Ind-Ra does not expect capacity utilisation to improve significantly in FY18. It is likely to remain around 70% during FY18.

The credit profile of cement manufacturers for FY17 is likely to remain stable. The negative impact of a possible decline in operating profitability during 2HFY17 due to an increase in fuel cost and lower volumes will be compensated by the higher operating profitability reported by the companies during 1HFY17 due to lower fuel prices and higher demand. Median EBITDA margins for a sample of 17 cement companies improved to 15.37% in 1HFY17 (FY16: 14.38%, FY15: 15.07%).

Ind-Ra expects the credit profile of cement manufacturers to remain stable during FY18 in the absence of major debt-led capex plans and on an improvement in cement demand despite a possible increase in input costs.

OUTLOOK SENSITIVITIES

Housing Demand

Ind-Ra does not expect any significant turnaround in housing demand in the near term; however, a higher-than-expected housing demand or significant progress by the government on schemes such as Housing for All or Smart Cities could result in a better cement demand and thus in a positive sector outlook.

Construction/Infrastructure Sector

A lower-than-expected pick-up in construction/infrastructure projects could affect the credit profile of cement players and result in the sector outlook being revised to negative.

Powered by Capital Market - Live News

Jubilant Life Sciences issues commercial paper aggregating Rs 40 crore
Feb 28,2017

Jubilant Life Sciences has issued Commercial Papers of Rs 40 crore on 28 February 2017. The aggregate amount of commercial papers (including this issue) outstanding as on data is Rs 190 crore.

Powered by Capital Market - Live News

Eight core infrastructure sector output rises 3.4% in January 2017
Feb 28,2017

The eight core infrastructure sector output, comprising nearly 38% of the weight of items included in the Index of Industrial Production (IIP), rose 3.4% in January 2017 over January 2016. Its cumulative growth was 4.8% in April-January 2016-17.

Coal production (weight: 4.38%) increased by 4.8% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 increased by 2.3% over corresponding period of previous year.

Crude Oil production (weight: 5.22%) increased by 1.3% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 declined by 2.8% over the corresponding period of previous year.

The Natural Gas production (weight: 1.71%) increased by 11.9% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 declined by 1.9% over the corresponding period of previous year.

Petroleum Refinery production (weight: 5.94%) declined by 1.5% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 increased by 6.8% over the corresponding period of previous year.

Fertilizer production (weight: 1.25%) declined by 1.6% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 increased by 2.9% over the corresponding period of previous year.

Steel production (weight: 6.68%) increased by 11.4% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 increased by 9.2% over the corresponding period of previous year.

Cement production (weight: 2.41%) declined by 13.3% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 increased by 1.0% over the corresponding period of previous year.

Electricity generation (weight: 10.32%) increased by 4.8% in January 2017 over January 2016. Its cumulative index during April to January 2016-17 increased by 5.4% over the corresponding period of previous year.

Powered by Capital Market - Live News

Persistent Systems enters into agreement with USAA
Feb 28,2017

Persistent Systems announced an agreement with USAA for development rights to a number of patented innovations currently in use by USAA related to security in financial services.

Through this agreement, Persistent will extend these technologies and address a growing market opportunity for digital security products and solutions in the financial services industry.

Powered by Capital Market - Live News

Hexaware Technologies strengthens its Oracle HCM Cloud implementation services
Feb 28,2017

Hexaware Technologies announced the launch of package based fixed price and fixed scope Oracle HCM Cloud implementation services. Hexaware is an Oracle platinum partner and a co-development partner for Oracle HCM Cloud application. These offerings are a new addition to the existing pay as you use support offerings, launched last year.

Powered by Capital Market - Live News

Credit Analysis & Research appoints compliance officer
Feb 28,2017

Credit Analysis & Research has appointed Mahendra Naik, Company Secretary and Compliance Officer under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as the Compliance Officer of the Company with effect from 01 March 2017.

Powered by Capital Market - Live News

Shipping Corporation of India announces cessation of director
Feb 28,2017

Shipping Corporation of India announced that CAPT. K Devdas, Director (Technical & Off Shore Services)., will cease to be the director on the board of SCI from 01 March 2017 on account of superannuation from the service.

Powered by Capital Market - Live News

MIC Electronics secures patent for LED TV Display System
Feb 28,2017

MIC Electronics announced that the Company have been granted a patent by the Controller General of Patents, Designs & Trademarks, Intellectual Property of India, for an invention entitled A LED TV DISPLAY SYSTEM for a period of 20 years commencing from 04 September 2009.

Powered by Capital Market - Live News