Indian Stock Market ended lower losses at the weekend

The domestic stock markets today ended lower on losses. The Sensex closed at the all-time high of
 yesterday's ... and this morning it started with positive nearly 100 points gain. In the last hour, investors
 tend to opt for profit-making ... finally falling into losses. At the end of the trading session, the Sensex 
had lost 7 points to 36,542. The Nifty loses 4 points and settles at 11,019.
 
BSE SENSEX Top Rankers:

Adani Enterprises (5.96%), Fortis Health Care (3.97%), Emphasis (3.92%), Dr. Lal Path Labs (3.53%),
Titan (3.42%).
 
Top losers:

PVR Limited (-13.10%), NCC (-8.75%), Gujarat Narmada Valley Fertilizers and Chemicals (-7.98%),
Karnataka Bank (-7.93%), Indo Count Industries (-6.63%).

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BJP plans massive rallies for Assembly and General elections

 The ruling BJP at centre is preparing for the next general elections. Party is preparing plans to conduct electoral rallies throughout the country. The BJP sources have informed that  the party is aimed at  organizing  200 hundred rallies in 400 lok Sabha constituencies  for 2019 general elections. Prime Minister NarendraModi who is the chief compaigner will tour more than fifty rallies in the country's 100 Lok Sabha seats by February next year. It is reported that each rally will go through two to three Lok Sabha constituencies.BJP leaders say that Modi will participate in 50 rallies in Madhya Pradesh, Chhattisgarh, Rajasthan and Gujarat Assembly elections. BJP national president Amit Shah, senior party leaders Rajnath Singh and Nitin Gadkari will also participate in the rally.BJP is front runner in planning for the election campaign for the forth coming Assembly elections in which the party is in power and  for next year general elections in the backdrop of early pools.

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Uttara Pradesh 2017 elections made Modi stronger

The early lead in the counting seems to have poised the BJP and Prime Minister Narendra Modi for a landslide victory in Uttar Pradesh. The results seem to be a clear thumbs up to Prime Minister Narendra Modi's economic policies over the past few years. 

These elections were seen as the referendum on Modi's decision to demonetise Rs 500 and Rs 1000 notes to fight corruption and black money. The early results seem to suggest he has passed the test. But beyond demonetisation, there were many economic policies that Modi undertook, perhaps, with Uttar Pradesh elections in mind . 

As of seen now the people of Uttara Pradesh the largest state in india have endorsed the demonitisation policy as well as economic policy of Narendra Modi. Let us see the results of the 4 remaining states.       

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US payrolls growth higher than expected

Traders are constantly monitoring various economic indicators to identify trends in economic growth. Some of the most watched economic indicators include the Consumer Price Index, housing starts, gross domestic product and the employment report. Out of these indicators, the employment report contains a variety of data and statistics regarding the employment information of the market.

The employment report is released on the first Friday of every month by the Bureau of Labor Statistics, providing data covering the previous month. The report contains information on unemployment, job growth and payroll data, among other stats.

Out of the payroll data that is provided, the most important statistic that is analyzed is the non-farm payroll data, which represents the total number of paid U.S. workers of any business, excluding general government employees, private household employees, employees of nonprofit organizations that provide assistance to individuals, and farm employees. This data is analyzed closely because of its importance in identifying the rate of economic growth and inflation.

As with other indicators, the difference between the actual non-farm data and expected figures will determine the overall effect of the data on the market. If the non-farm payroll is expanding, this is a good indication that the economy is growing, and vice versa. However, if increases in non-farm payroll occur at a fast rate, this may lead to an increase in inflation. In forex, the level of actual non-farm payroll compared to payroll estimates is taken very seriously. If the actual data comes in lower than economists' estimates, forex traders will usually sell U.S. dollars in anticipation of a weakening currency. The opposite is true when the data is higher than economists' expectations.

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Asian stocks edged up

Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday ahead of the US non-farm payrolls report due later in the day.

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent, taking cues from a modest bounce in Wall Street overnight.    

  Wall Street was marginally higher, underpinned by speculation the widely-anticipated labor market report on Friday would show US payrolls growth in February was far more than economist forecast.

The nonfarm payrolls report is expected to show 190,000 jobs were added in the US private and public sectors in February.

The employment figures are drawing particular interest as chances of the Federal Reserve raising interest rates several times this year could improve if the data underlines US economic strength.

Also of key concern to the broader risk asset markets were the developments in crude oil, which saw prices fall to more than three-month lows overnight as record US crude inventories fed doubts about the effectiveness of OPEC's recent deal to curb a global glut. 

  The dollar did not fare as well against the euro. The common currency gained the previous day after European Central Bank head Mario Draghi suggested it was less necessary to prop up the market through ultra-loose monetary policy.                            

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Reliance - 1GB for Rs 49 to new 4G customers - R.com also with new plan

Reliance Communications today came out with a new offering that provides 1GB data to new 4G customers for Rs 49 whereas 3GB data will be priced at Rs 149 plus free, unlimited local and STD calls within its network.

The plans under 'Joy of Holi' offer come with a 28-day validity.

"With this launch, all new 4G customers of Reliance Communications will get... 1GB of data access offered at just Rs 49 while 3GB of data access can be availed for only Rs 149, along with free and unlimited on-net local and STD calls, valid for 28 days," a company release said here.

The Anil Ambani-owned RCom has also announced variants of the plan for its 3G and 2G customers, including unlimited 3G data access for Rs 99 and unlimited 2G data access for Rs 49.

"... We still see immense potential in the 3G and 2G markets, which boast of 750 million smartphones and data-ready feature phones. We have, therefore, customised special offerings in this space as well, with segmented and value-creating propositions," said Gurdeep Singh, co-CEO, Reliance Communications and CEO of RCom's Consumer Business.

RCom further said new 3G customers in Delhi, Mumbai, Kolkata, Himachal Pradesh, Madhya Pradesh, Punjab, Rajasthan and Jammu and Kashmir can now recharge with Rs 99 and get unlimited 3G data, bundled with Rs 20 worth of talk time.

In this plan, voice calls will be charged at 25 paise per minute with a validity of 28 days.

In addition, new 2G customers in Haryana, Uttar Pradesh Andhra Pradesh, Gujarat, Maharashtra, Kerala, Karnataka, Tamil Nadu and Chennai will be offered unlimited 2G data access for only Rs 49 with an in-built talk time of Rs 20 and call charges at 25 paise per minute, valid for 28 days, it added.

The offers come at a time when the Indian telecom service providers are rolling out attractive packages to woo and retain consumers in the aftermath of Reliance Jio's aggressive pricing plan.

The Mukesh Ambani-owned Reliance Jio has already sweetened its offering for 'Prime' members, saying those recharging with Rs 303 will get an extra 5GB data beyond the 28GB already committed under the scheme.

Bharti Airtel CEO Gopal Vittal has reached out to post-paid subscribers promising more data to them starting March 13, which they can access through their mobile applications.

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Vijay Malya ready for settelment

Mallya posted a series of tweets in the early hours of 9th march 2017

The business tycoon also said that the allegations laided against him by Attorney General Mukul Rohatgi before the Supreme Court "only prove the attitude of the Government against" him.

He also raised question over Public Sector Banks' One Time Settlements policy: "Public Sector Banks have policies for One Time Settlements. Hundreds of borrowers have settled. Why should this be denied to us?," he tweeted.

The liqour baron also added that his previous offer before the apex court was oppossed by banks.

"These remarks came a day after the Supreme Court asked him about the "truthfulness" of his disclosure of assets and transfer of USD 40 millions to his children.

The consortium of banks led by State Bank of India have alleged that Mallya concealed the facts and diverted the money to his son Siddharth Mallya and daughters Leanna Mallya and Tanya Mallya in "flagrant violation" of the orders passed by the Karnataka High Court.

Attorney General Mukul Rohatgi and senior advocate Shyam Divan, appearing for the banks, contended that unless Mallya deposits USD 40 million before this court, he does not deserve to be heard and, moreover, he needed to appear personally as the contempt notice has already been issued.

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