Imlie 1st March 2021 Written Episode, Written Update on

Jawaharlal Nehru Port (JNPT) and Deendayal Port are offering concession in ship and cargo charges to boost trade at Iran’s Chabahar port. The Ministry of Ports, Shipping and Waterways gave this information. The port is located in the Sistan-Balochistan province on the southern coast of Iran rich in energy resources. The port has been developed by India, Iran and Afghanistan to strengthen trade relations. Chabahar port is outside the Persian Gulf and is easily accessible from the west coast of India without passing through Pakistan.

“In order to promote Chabahar’s Shahid Behesti Port, JNPT and Deendayal Port are exempting ship charges and cargo charges for vessels going to or from Chabahar,” the ministry said in a statement. The ministry said that for the last six months, a 50 percent rebate is being given in terminal handling charges on transit containers. According to a ministry document, the flow of bulk cargo is now stable. Transit cargo from Afghanistan is also improving. Weekly container service has now been ensured due to increasing volumes. India and Iran formally signed a small lease (interim) agreement on May 6, 2018, due to the challenges of implementing the main agreement on the Chabahar port. A special Iranian entity, India Ports Global Chabahar Free Zone (IPGCFZ), was formed for its implementation.

Rising bond-yields, crude oil prices, US President Joe Biden’s take on Syria-Iran and domestic data will determine the market’s momentum this week. Analysts have predicted this.

According to experts, investors will remain calm after several days of fall in the stock markets. Apart from this, investors will also be looking at the investment trend of foreign portfolio investors (FPIs), vehicle sales data for February, service and manufacturing data. Along with this , the direction of the corona virus in different states can also affect the market direction. There was a big fall in the market last week. During this period, the Sensex and Nifty broke more than three percent. On Friday, the BSE 30-share Sensex fell by a massive 1,940 points. This is the biggest single-day drop in the Sensex in about 10 months.

These eight reasons will affect the stock market

1. Increase in bond-yield

A 10-year bond yield increase in the US is known. This has led to a decline in markets across the world. This is because whenever there is a surge in bond yields, foreign investors withdraw money from developing countries and invest in developed countries. This causes the market to fall.

2. Corona Virus Statistics

Once again, cases of corona virus have increased in India including the world. This will affect market sentiment and market pressure will increase.

3. Vehicle Sales Statistics

February auto sales figures will be released on Monday. According to vehicle experts, passenger vehicles and tractors are expected to have strong sales, while two-wheeler sales figures may be weak. In such a situation, auto shares will remain in focus.

Government extends the deadline for filling the annual GST return for the financial year 2019-20 till 31 March

4. Meeting of your countries

The boom in crude oil demand continues. The price of Brent crude has reached $ 67 per barrel. In such a situation, OPEC and Russia will meet on March 4 to further the strategy and increase production. The market will keep an eye on this.

5. PMI figures

The PMI figures for manufacturing and service sector will come on Monday and Wednesday. Improvements in this may give momentum to the market, while declines will increase the pressure on the market.

6. March’s first IPO

MTAR Technologies’ IPO will open this week. It will be open from March 3 to March 5. The company aims to raise Rs 597 crore. For this, the price band has been fixed at Rs 574-575 per share.

7. Feedback on GDP figures

On Monday, the market will also react to the December quarter GDP figures. GDP growth in the October-December quarter has been 0.4 percent. Third quarter GDP figures are lower than our 0.8 percent growth forecast. These figures will disappoint the stock market.

8. Joe Biden’s Next Step

US President Joe Biden has given a stern warning to Iran after an air strike in Syria. In this case, this week will be important. Any action taken by the US will affect the global market.

Market experts
opine Motilal Oswal Financial Services retail research head Siddharth Khemka said, “The market will be in a downturn amid a weak global trend.” Investors will be on bond receipts, geopolitical tensions and inflation data. Apart from this, he will also keep an eye on the developments related to the new incentive announcement in America.

Rasmic Ojha, vice-president and head of basic research, Kotak Securities, said that the Indian market is seeing an immediate response to increasing global bond yields. In the near future, Indian markets may also have to bear the pressure of correction globally. However, the market will improve after that.
“The third quarter GDP figures are lower than our 0.8 percent growth projection,” said Dheeraj Reilly, managing director and chief executive officer (CEO), HDFC Securities. These figures will disappoint the stock market.

Foreign investors poured 23,663 crore
Foreign portfolio investors (FPIs) remain net investors for the second consecutive month in the current calendar year. FPI has made a net investment of Rs 23,663 crore in the Indian markets in February, amid a positive perception about the general budget and companies reporting good third quarter results. According to depository data, during February 1-26, FPIs netted Rs 25,787 crore in shares, but they also withdrew Rs 2,124 crore from the debt or bond markets.

Nine companies’ capitalization decreased by 2.2 lakh crores
The market capitalization (market cap) of nine of the top 10 companies of the Sensex fell by Rs 2,19,920.71 crore last week. The Sensex broke over three percent during the week. Among the top 10 Sensex companies, only the market valuation of Reliance Industries increased. The market capitalization of Tata Consultancy Services (TCS) declined by Rs 81,506.34 crore to Rs 10,71,263.77 crore. In the top 10 Sensex companies, only Reliance Industries’ market valuation increased. The company’s market capitalization rose by Rs 2,092.01 crore to Rs 13,21,044.35 crore. Reliance Industries ranked first in the list of top 10 companies of SENSEX. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Ltd, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance respectively.

The 12th series of the Sovereign Gold Bond Scheme (SGB) has started from Monday. The price of gold in this series has been fixed at Rs 4,662 per gram. From 1 to 5 March, investors can buy gold in this series at a lower price than the market.

Investors investing online in Sovereign Gold Bonds will be given an additional rebate of Rs 50. That is, such investors will have to pay Rs 4,612 for one gram of gold. Investments can buy gold in at least 1 gram or multiples thereof.

You can buy gold from here

Sovereign Gold Bonds will be sold through the Bank, the Stock Holding Corporation of India (SHCIL) and select post offices and stock exchanges such as the National Stock Exchange of India Limited and the Bombay Stock Exchange. Under this scheme, an investor can buy a maximum of 500 grams of gold.

2.50 percent interest rate

Those investing in sovereign gold bonds will also get interest at a tax rate of 2.5 per cent. At the same time, the benefit of increasing gold prices will also be available. Investors who bonded in the previous series have received returns of 20 to 25 percent. Investment advisors say sovereign gold bonds are good for investors who want to invest in long-term terms. This time too, you can get up to 20 per cent returns in the long term.

Current issue is 9% cheaper than January issue

In the Sovereign Gold Bond Series available for investment from January 11 to 15, the price of gold was fixed at Rs 5,104 per gram. In this way the current issue is 9% cheaper. Significantly, the Sovereign Gold Bond Scheme was launched in November 2015 with the objective of reducing the demand for physical gold in the country.

Benefits of investing in digital gold

Transparency and possibility of fraud No
burden of making and delivery charges

No worry of theft or security
. 3% tax on physical gold, not digital


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