Top ten stocks for 13% to 15% return in next 4-5 days

Top ten stocks for 13% to 15% return in next 4-5 days

1. Dena Bank: BUY in NSE cash above 59.75 with stop loss of 57.40, Target of 62.10,64 .

2. REC: BUY in NSE cash above 257 with stop loss of 244 and a target of 270,280.

3. Jyoti Structures: BUY in NSE cash above 42.15 with stop loss of 40.15 and a target of 44.15, 46.15 .

4. Dish TV: BUY in NSE cash above 55.50 with the stop loss of 53 and a target of 58, 60 .

5. Mahindra & Mahindra: (CMP - 1390, Target - 1450) .

6. HOV Services: (CMP - 153, Target - 170)

7. Yes Bank: (CMP - 557, Target - 585)

8. Jet Airways: (CMP - 212, Target - 225)

9. Apollo Hospitals: (CMP - 1116, Target - 1175)

Strong US jobs data boosts dollar and world stocks

The dollar climbed to a more than four-year peak and global equity markets surged on Friday after data showed U.S. employers stepped up hiring in September and the jobless rate fell to a six-year low, further signs of a relatively strong economy.

The strong dollar pushed gold below USD 1,200 an ounce for the first time this year after the Labor Department reported that US nonfarm payrolls rose by 248,000 last month and the jobless rate fell two-tenths of a point to 5.9 percent.

The better-than-expected report knocked the euro to a more than two-year low against the dollar, which hit a 15-month high against the Swiss franc. The dollar index, a measure of the greenback against six major currencies, headed toward its biggest yearly gain in nine years, up 8 percent so far in 2014.

Stocks on Wall Street rose more than 1 percent, and European shares finished with a gain just under that level.

The dollar index hit a high of 86.746, its strongest level since June 2010, and was last up 1.24 percent at 86.663.

Against the yen, the greenback jumped 1.31 percent to 109.83 yen, while the euro slid 1.23 percent to USD 1.2512.

MSCI's all-country world index of stock performance in 45 countries rose 0.51 percent.

The FTSEurofirst 300 index of top European shares closed up 0.9 percent at 1,347.14. Shares of European airlines rallied as the price of oil dropped, and exporters suchas Airbus got a lift from the euro's renewed slide.

On Wall Street, the Dow Jones industrial average rose 214.3 points, or 1.28 percent, to 17,015.35. The S&P 500 gained 23.56 points, or 1.21 percent, to 1,969.73 and the Nasdaq Composite added 54.83 points, or 1.24 percent, to 4,485.03.

German Bund yields rose a day after the European Central Bank showed little willingness to stimulate the economy through the purchase of sovereign debt. Markets could be in for a rough fourth quarter as investors anticipate tighter Fed monetary policy and if the ECB stands pat.

Bund yields rose 2 basis points to 0.93 percent. Treasuries prices fell. The 10-year Treasury note fell 3/32 in price to yield 2.4466 percent.

Brent crude oil futures fell below $92 a barrel at one point, down for a fourth consecutive day in a slide that has pushed prices to their lowest levels since 2012. Abundant supplies and a strong dollar continue to weigh on the market.

Brent for November delivery settled down USD 1.11 at USD 92.31 a barrel. US November crude slipped USD 1.27 to settle at USD 89.74.
Source : Moneycontrol

Government option merging FMC with Sebi to better monitor futures market

The government is considering a proposal to merge the Forward Markets Commission (FMC) with capital market regulator Sebi to ensure better monitoring of the commodity futures market.

"One of the options being considered by the government is merging FMC with Sebi," said a senior Finance Ministry official.

Alternatively, the official said, the government may also pursue the long-pending proposal to give more powers to FMC by amending the Forward Contract Regulation Act (FCRA) Amendment Bill.

While FMC is the regulator for commodities trading, while the Sebi regulates the capital markets.

The move would also help in improving the regulatory architecture for the futures commodity trading.

Earlier the Financial Sector Legislative Reforms Commission (FSLRC) had recommended that Sebi, IRDA, PFRDA and FMC should be merged into a single entity into a unified financial agency (UFA).

Last year in September the government had brought FMC under the ambit of the Finance Ministry in the aftermath of a Rs 5,600-crore payment crisis broke out at National Spot Exchange Ltd (NSEL). FMC was earlier under the Consumer Affairs Ministry.

Turnover of interest rate futures hits Rs 1.5 lakh crore in April-September

The turnover of interest rate futures on bourses nearly hit Rs 1.5 lakh crore in the first half 2014-15, even as trading value in September slipped by nearly 32 percent from the previous month level.

Trading of interest rate futures (IRF) on BSE, NSE and MCX-SX cumulatively stood at about Rs 1.48 lakh crore during April-September period.

In September, however, the total trading value on the three stock exchanges dipped by 31.8 per cent to Rs 19,516 crore over the preceding month.

Turnover of IRF cumulatively stood at Rs 28,644.62 crore in August, as per the data available with the bourses.

An IRF, generally a contract between a buyer and a seller agreeing to the future delivery of any interest-bearing asset such as government bonds, was launched on the three exchanges in January this year.

Individually, NSE accounted for the highest share (93.7 per cent) in turnover among the bourses, during the first six months of the current fiscal. The bourse recorded a turnover of Rs 1.38 lakh crore on its platform for IRF.

At the same time, the IRF value stood at about Rs 7,831 crore on BSE followed by Rs 1,413.16 crore on MCX-SX.

For September, NSE saw a IRF turnover at Rs 17,926.62 crore, down 33 per cent from the preceding month. However, the exchange is much above BSE and MCX-SX both in terms of trading value and volume in IRF.

Trading value on the BSE, last month, dropped by 9.65 per cent to Rs 1,568.41 crore.

Besides, trading in IRF on MCX-SX also saw a sharp dip at about Rs 21 crore in September from Rs 92.18 crore in August. Trading of IRFs on this exchange was above the Rs 100 crore level in the first four months of 2014-15 where in July it had recorded highest value for the fiscal at Rs 536 crore.

In terms of volume, the exchanges together traded 73.69 lakh contracts on their platforms during the first half of 2014-15, with as many as 9.78 lakh trades in the last month.

The number of trades recorded last month were 31.7 per cent lower than in August.

NSE registered trading of 69 lakh contracts, while BSE IRF volumes stood at 3.90 lakh, for April-September period.

Besides, as many as 70,473 IRF contracts have been traded on MCX-SX for period under review.

Last month, the IRF contracts traded on NSE stood at 8.98 lakh, BSE (78,484) and MCX-SX (1047).

The cash-settled IRFs provides market participants with a better option to hedge risks arising from fluctuations in interest rates, which depend on various factors including RBI policy, demand for liquidity and flow of overseas funds.

Banks, primary dealers, mutual funds, insurance firms, FIIs, corporates and brokers, as well as retail investors can trade in this product.