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Petrol at Rs 89 in Delhi, inches towards Rs 100-mark in Rajasthan

Petrol at Rs 89 in Delhi, inches towards Rs 100-mark in Rajasthan

Petrol and diesel prices on Monday were hiked for the seventh day in a row as a rally in international oil prices took retail rates in India to new highs.

Petrol price was increased by 26 paise per litre and diesel by 29 paise, according to a price notification of state-owned fuel retailers.

This pushed retail rates, which differ from state to state depending on the incidence of local sales tax or VAT and freight charges, to their highest level.

The hike took petrol price in Delhi to a record Rs 88.99 per litre and to a highest-ever rate of Rs 95.46 a litre in Mumbai.

Diesel rate climbed to Rs 79.35 a litre in Delhi and to Rs 86.34 in Mumbai.

Rajasthan, which levies the highest VAT on fuel in the country, had the highest petrol and diesel prices.

In Sriganganagar town of the state, petrol soared to Rs 99.56 and diesel to Rs 91.48 per litre.

The Rajasthan government had late last month cut VAT on petrol and diesel by 2 per cent. Despite this, the state has the highest VAT at 36 per cent plus Rs 1,500 per kilolitre road cess on petrol. On diesel, the state levies 26 per cent and Rs 1,750 per kilolitre road cess.

Branded or additive mixed petrol on Sunday crossed Rs 100-mark at some places in states like Maharashtra and Madhya Pradesh.

Branded petrol at Sriganganagar was priced at Rs 102.34 a litre and similar grade diesel at Rs 95.15.

The main difference between regular and premium fuel grades is the octane number. Regular fuel has a lower octane number — 87, while premium fuel generally gets a 91 octane rating or higher.

Octane number is a measure of the ignition quality of fuel — higher the number, the less susceptible is the fuel to ‘knocking’ when burnt in a standard engine.

In seven straight days, prices have gone up by Rs 2.04 per litre for petrol and Rs 2.22 for diesel.

The relentless hike in prices has been criticised by the opposition parties including Congress that has demanded an immediate cut in taxes to ease the burden on the common man.

A six-hour bandh called by the party in Odisha affected normal life on Monday.

Oil Minister Dharmendra Pradhan last week had told Parliament that the government is not considering a reduction in excise duty to cool rates from their record highs.

Central and state taxes make up for over 61 per cent of the retail selling price of petrol and about 56 per cent of diesel.

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Where can I find the Best Advisory services in Stock Market?

Where can I find the Best Advisory services in Stock Market?
  1. What is advisory services in the Indian stock market?
  2. How to find reliable and genuine advisory company in Indian stock market?
  3. Which is the best stock advisory company in India?
  4. Which are Top 10 SEBI registered stock advisory company in India?
  5. Who are Most successful stock advisors in India?
  6. Which is Best stock advisory service in India?

What is advisory services in the Indian Stock market?

People always need advise, recommendations or tips in the stock market and they search for advisory services so services related to stock investments and stock trading are considered as advisory services. There are pelnty of companies providing stock market advisory services but it’s difficult to find reliable and genuine advisory company so read our blog in details in order to find out about reliable stock advisory company in India.

How to find reliable and genuine advisory company in Indian stock market?

There are hundreds of advisory companies in stock market and commodity market which are giving different types of services by different mediums but it’s difficult to find genuine and reliable advisory company. Main question is that after finding any advisory company, how reliable or genuine are they? Online business is full of cheaters too who just wants to cheat innocent clients by taking money from them. But we can identify that kind of fraud people easily. You should never believe on anyone providing advisory services without SEBI registration certificate. SEBI has come up with very good law to follow compliances for all entities who are in the business of stock market advisory services and clients have to be aware about that. Those who are registered will be afraid of cheating their clients because of the rules and regulations of SEBI.

Please refer to this link for keypoints on how to find reliable and genuine advisory company. https://www.eqwires.com/tutorials/which-is-reliable-tips-provider-in-the-stock-market/#intraday-tips2

Which is the best stock advisory company in India?

Best services are meant to be consistent and quality services which gives good growth in capital. Best doesn’t mean that you will never get a loss but best advisory services mean you are getting full support and quality services on time. If a client getting overall good profit on monthly and quarterly basis, it’s called best service. One has to understand that nobody is God in this market and those who pretend to be God or Operator of this market are nothing but disguised thieves who just want to make you fool. Good results come with lot of experience and analysis. It never comes through miracles. So never believe on those who just claims big and lucrative promises like 500% to 1000% returns in intraday and all. 

Eqwires which is the best stock advisory company in India and in Top 10 SEBI registered stock advisory company in India is purely focusing on clients’ satisfaction with maximum client retention ratio. Our services are very clear and well defined where no false commitment or lucrative schemes are there. We just commit what we can deliver and we have delivered in last few years. Our team are well experienced and they have grip on market movement so they can minimize risk by predicting market direction on time. Eqwires has been always in a list of top 10 stock advisory company in India.

Which are Top 10 SEBI registered stock advisory company in India?

There are plenty of firms/companies/individuals who are into the business of stock market advisory services and it’s difficult to find top 10 amongst them because names/quality/efficiency are changin frequently with the movement of markets. Few are best in Equity delivery and few are best in F&O but the most important thing is who delivery consitent support and good results. At Eqwires, we purely focus on delivering high quality services with consistent support and that’s the reason why Eqwires is Top rated SEBI registered stock advisory company in India. Our constant endeavour to deliver best results in trading and investment making Eqwires the Best stock advisory company in India.

Who are Most successful stock advisors in India?

Success doesn’t happen overnight but it happens day by day with forward progress so to be Most successful stock advisors in India, it takes years and at Eqwires, we constantly monitor our efficiency and quality of trades which we are providing to our customers. Eqwires is undoubtedly Most Successful and best stock advisory service in India because of highest client retention ratio and minimum complaints ratio in this market despite of having large number of clients. Eqwires is a No 1 Stock advisory company in India.

Which is Best stock advisory service in India?

Eqwires provides Best stock advisory service in India and Best paid stock recommendation sites in India which provides best stock trading recommendations, Best intraday trading tips, Best stock tips, BTST STBT trading tips, Best Investment advice and many more. We have high qualified research team to do in-depth analysis about stock market activities and provide best share trading recommendations. Eqwires provides Best stock advisory service in India and Best Stock recommendation service in India.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

info@eqwires.com

Telegram | Facebook | Twitter

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

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IFC picks up $56 million of Continuum Energy’s $561 million-green bonds

IFC picks up $56 million of Continuum Energy’s $561 million-green bonds

The International Finance Corporation (IFC) has picked up 10 per cent of the first green bond issuance worth USD 561 million by Continuum Wind Energy as the anchor investor. The IFC has subscribed to 10 per cent or USD 56 million of Continuum Energy’s first green bond sale closed earlier this month, the World Bank Group member said.

On February 2, PTI was the first to report that Continuum was in the market to raise USD 560 million via a six-year green bond issue. Finally, it closed the issue raising USD 561 million at a price of 4.5 per cent over the US treasury.

The bond, which had an order book of USD 3.2 billion, was rated BB+ by Fitch and Ba2 by Moody’s, and was listed on the Singapore Exchange on February 10.

The dollar-bond offering was heavily oversubscribed to almost seven times and the proceeds will primarily be used to refinance existing debt.

This investment will help Continuum maintain sustainable power generation and position it to deliver projects under development as the country emerges from the pandemic, said Isabel Chatterton, Regional Industry Director for Natural Resources and Infrastructure, Asia Pacific at IFC.

It will also help support India in its ambitions to reduce greenhouse gas emissions, at a time when private capital is most needed to fund infrastructure projects and support a green, resilient economic recovery, she added.

Continuum is one of the largest providers of renewable power to corporates in the commercial and industrial sectors, with roughly 2 GW of wind and solar projects across the country.

The company is majority-owned by the USD 4 billion global infrastructure fund managed by Morgan Stanley Infrastructure Partners. IFC’s investment continues a relationship that began in 2014, when IFC financed Continuum’s development of a wind farm in Madhya Pradesh.

This offering enables us to further diversify our sources of funding, and we look forward to strengthening our partnership with global investors as we continue to build and grow our business, said Arvind Bansal, chief executive of Continuum.

Raja Parthasarathy, the managing director at Morgan Stanley Infrastructure Partners, said IFC’s anchor support for the Continuum’s maiden green bond issue validates the company’s strategy.

IFC is one of the largest financiers of climate-smart projects for developing countries and since 2005, it has invested USD 22.2 billion in long-term financing from its own funds and mobilised an additional USD 15.7 billion from other investors for climate-related projects.

In India, the IFC has 31-year history of investing in the power sector, committing USD 2.3 billion across 60 projects since 1989, of which 35 are renewable energy projects.

The city-based Continuum was founded in 2009 and since 2012, it is majority-owned by a fund managed by Morgan Stanley Infrastructure which focuses on long-term investments in infrastructure assets across the globe.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company

info@eqwires.com

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

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Inflow in Gold ETFs surges 45 pc to Rs 625 cr in January

Inflow in Gold ETFs surges 45 pc to Rs 625 cr in January

Investors put in Rs 625 crore in gold exchange traded funds (ETFs) in January, 45 per cent higher than the preceding month, on expectation that the yellow metal will perform well going forward.

The inflow pushed the asset base of gold funds by 22 per cent to Rs 14,481 crore at the end of January from Rs 14,174 crore at the end of December, data available with Association of Mutual Funds in India showed.

After witnessing a net outflow of Rs 141 crore in November 2020, the Gold ETF category is once again back under investors’ radar. While it received a net inflow of Rs 431 crore in December, the net inflow in January was even higher at Rs 625 crore.

Himanshu Srivastava, Associate Director Manager Research, Morningstar India said the gold prices have come-off its all-time highs touched in August last year. The month of January also saw fair bit of correction in its prices.

“This, along with expectation that gold may do well going ahead provided a good buying opportunity to investors, which resulted in net inflows for the category in January,” he added.

Barring March and November, such instruments had seen a net inflow in the entire 2020. Gold ETFs had attracted Rs 6,657 crore last year, much higher than just Rs 16 crore inflow seen in 2019.

According to Srivastava, gold functions as a strategic asset in an investor’s portfolio, given its ability to act as an effective diversifier, and alleviate losses during tough market conditions and economic downturns. This is where it draws its safe-haven appeal, as has been evident since 2019.

From January 2019 till January 2021, the category has received a robust net inflow of Rs 48,159 crore.

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Kishore Biyani’s Future Group stocks hit the upper circuit, FRL, FEL jump 10% on Delhi HC’s nod to Future-RIL deal

Kishore Biyani’s Future Group stocks hit the upper circuit, FRL, FEL jump 10% on Delhi HC’s nod to Future-RIL deal

Future Group share prices hit the upper circuit on Tuesday after the Delhi High Court allowed the Kishore Biyani company to go-head with Reliance Industries Ltd (RIL) deal. On Monday, Delhi HC’s division bench stayed the single judge’s order passed which had directed Future Group to maintain status quo till further orders with regard to its Rs 24,713-crore deal with Reliance Retail. Future Retail Ltd shares hit 10 per cent upper circuit at Rs 80.50, Future Enterprises Ltd at Rs 11.78 apiece, Future Market Networks Ltd at Rs 19.15 apiece, Future Lifestyle Fashions Ltd at Rs 91.35 apiece, and Future Supply Chain Solutions Ltd at Rs 99.05. Similarly, Future Consumer Ltd shares were locked into 10 per cent upper circuit at Rs 8.67 apiece.

The legal battle involving Amazon, Future group & Reliance continues to influence the stock prices of the above mentioned companies leading to uncertainty and high volatility, says AR Ramachandran, Co-founder & Trainer, Tips2Trade. He advises investors to use every uptrend to exit Future group stocks as this legal battle could stretch out for a very long time. Ramachandran told Financial Express Online that currently, Rs 83-90 remains a strong resistance zone for Future Retail Ltd.

Reliance Industries Ltd (RIL) share price gained as much as 2 per cent to Rs 1,990 apiece on BSE. So far in the trade, 3.43 lakh have been traded on BSE, while 50.80 lakh shares have exchanged hands on the National Stock Exchange (NSE). Following this order from Delhi HC, now Future group can go ahead with the formalities related to the completion of the transaction. So far, the Competition Commission (CCI) and the Securities and Exchange Board of India (Sebi) have given their approval for the FRL-RIL deal. This deal now requires the approval of the National Company Law Tribunal (NCLT), which got stalled by the single judge’s February 2, 2021 order.

In the noon deals, BSE Sensex was trading 364 points or 0.71 per cent higher at 51,713, while the broader Nifty 50 index surged 110 points or 0.72 per cent to 15,225 levels.

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