The new policy bans most US business

 

Trump’s revised approach calls for stricter enforcement of a longtime ban on Americans going to Cuba as tourists, and seeks to prevent US dollars from being used to fund what the Trump administration sees as a repressive military-dominated government."But Venezuelan President Nicolas Maduro, whose leftist government is Cubas main regional ally, slammed Trumps tightening of restrictions as an "offence" against Latin America.Trump’s vow to keep the broader decades-old US economic embargo on Cuba firmly in place drew criticism from some US farmers, especially growers of corn, soybeans and rice. He also will not cut off recently resumed direct US-Cuba commercial flights or cruise-ship travel, though his more restrictive policy seems certain to dampen new economic ties overall. Trump based his partial reversal of Obama’s Cuba measures largely on human rights grounds."His speech was aggressive and threatening, revealing his contempt and ignorance," President Nicolas Maduro said in a speech.Laying out his new Cuba policy in a speech in Miami, Trump signed a presidential directive rolling back parts of Obama’s historic opening to the Communist-ruled country after a 2014 diplomatic breakthrough between the two former Cold War foes.

"Its like we are returning to the Cold War," said Cuban designer Idania del Rio, who joined a group of friends in a hotel in Old Havana to watch the speech in English on CNN.O), to manage a historic Havana hotel. This will essentially shield US airlines and cruise lines serving the island.The Cuban government, which has made clear it will not be pressured into reforms, had no immediate comment."Effective immediately, I am cancelling the last administrations bearing classification completely one-sided deal with Cuba," Trump declared as he made a full-throated assault on the government of Cuban President Raul Castro.The new policy bans most US business transactions with the Armed Forces Business Enterprises Group, a Cuban conglomerate involved in all sectors of the economy.Miami: President Donald Trump on Friday ordered tighter restrictions on Americans travelling to Cuba and a clampdown on US business dealings with the Caribbean island’s military, saying he was cancelling former President Barack Obamas "terrible and misguided deal" with Havana.

 

This compared with the 5 per cent

 

Such measures could include accelerated government spending on infrastructure projects such as roads, railways, and ports, as well as urban infrastructure such as affordable housing and hospitals," it said."Furthermore, any turnaround in the investment cycle could also be relatively protracted, depending on the ability of the government to accelerate its own infrastructure spending program," it said."This indicates that Indias investment cycle is experiencing a severe cyclical slowdown, as reflected in the further slowing of fixed investment growth during the September quarter," it said."Following the weak GDP outturn for the September quarter, Indian real GDP growth in FY 2019-20 is expected to be slightly below 5 per cent, as it is anticipated that the impact of stimulus measures will take time to filter through to the real economy," IHS said.5 per cent, the weakest in six years with a key contributory factor being a slump in manufacturing output."The construction sector growth also slowed to a pace of 3."Confronted with the sharp slowdown in economic growth momentum, the Indian government will face increasing pressure to roll out additional fiscal measures to bolster manufacturing output and kick-start an upturn in the investment cycle.

The RBI also lowered its GDP growth forecast for 2019-20 from 6.8 per cent in September.A key concern is also the sharp contraction in capital ball bearings Manufacturers goods output, which was down 20.Latest GDP data for July-September quarter showed a significant further moderation in the pace of economic growth to 4.In response to the growth slowdown, the Reserve Bank of India (RBI) has eased policy rates significantly during 2019, with a series of rate cuts since February, while the government announced a large reduction in corporate tax rates in September to help boost new investment spending."Although the RBI has also provided monetary policy stimulus through its monetary policy easing measures, the impact is likely to be more protracted, since monetary policy stimulus effects on the real economy generally act with long lags.7 per cent in September 2019.Furthermore, there are also risks from potential contagion effects from troubled non-bank financial companies (NBFCs) to the balance sheets of some commercial banks, which could further weigh on the overall pace of credit expansion."Financial sector fragilities continue to weigh on Indias economic growth momentum, with the high level of non-performing loans on the balance sheets of the public sector banks, constraining their new lending," IHS said in a report.

"The Indian auto sector has slumped into a crisis, with hundreds of thousands of auto sector workers in the production and distribution segments having been laid off over the past 12 months".IHS said the weakest sector has been auto manufacturing, with output down by 24. Furthermore, the impaired balance sheets of many public sector banks and NBFCs also will dilute the flow-through of monetary policy easing to the economy," it added.Private consumption growth also picked up modestly versus the previous quarter, although it continues to expand at a much slower pace than in the past two financial years, IHS said.7 per cent in the June quarter".8 per cent compared to the 7.5 per cent a year back. This compared with the 5 per cent growth rate registered in the previous quarter and 7 per cent rate recorded a year ago in September quarter of 2018.Measuring GDP from the expenditure side, an important factor supporting the growth was public consumption, which rose by 15.New Delhi: Indias real GDP growth in 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said.3 per cent in the September quarter, compared with growth of 5.For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.IHS said given that the process of strengthening bank balance sheets has been slow, taking a number of years already, Indias financial sector problems are likely to remain a drag on the pace of economic growth over the medium-term outlook.1 per cent to 5 per cent on December 5.6 per cent in the September quarter.

 

The broader markets underperformed

 

The daily momentum indicator MACD is in sell mode with a hinge and a negative divergence which is a worry in the short term. The momentum is signalling weakness whereas the price has not confirmed, so either avoid before either one confirms or buy with a stop loss of 11950 giving price a benefit of doubt. On the lower side, 12000 and 11950 are two crucial support levels and till those are held the probability of an upside is quite high till 12150-12300 levels.The market remained range-bound on account of weak GDP data and subdued auto sales numbers. In addition, currency and crude price movement will continue to impact investor sentiments.Investors were also cautious ahead of RBI monetary policy to be held this Friday. On the global front, investors are eagerly awaiting a positive outcome of the US-China trade negotiations which could strengthen the rally in the global markets.39 per cent.

Market ViewAjit Mishra, VP — Research, Religare Broking Ltd, said, “The weak Q2GDP data and subdued auto sales numbers is likely to impact the investor sentiments in the short term.Sectorally, buying was seen in telecom, energy, and metals while profit booking was seen in auto, IT, and healthcare stocks.Analysts said market is cautiously awaiting RBI monetary policy especially post weak GDP data.”.”For the index one can trade the range by buying near the lower end and selling at higher end of the range or look to wait for breakout on either side to get into the momentum and short-term direction.The broader markets underperformed as the S&P BSE Mid-Cap Index fell 0.Technical ViewJay Thakkar, CMT Head Technical and Derivatives Research — AVP Equity Research, Anand Rathi Shares and Stock Broker, said, “Nifty has closed in the negative territory in the last trading session for the second consecutive day; however it has managed to close above 12000 levels. All eyes will now be on RBI monetary policy for economic revival measures going forward.The Sensex rose 8 points to 40802 while the Nifty closed 7 wholesale car belt tensioner factory points lower.

 

While there is a scope

 

The country had produced 8. International steel prices would also remain a strong determinant of domestic prices".535 MT from 0.121 MT were 8 per cent lower than 1.779 MT crude steel during same month in 2018.235 million tonne (MT) during May 2019.This has to be seen in the light of a recent report by the Union Steel Ministry, which said that during May, both exports and imports of finished steel recorded a fall in India.1 per cent in 4M CY2019 on the back of improved domestic demand, which in turn was aided by a pick-up in real estate and infrastructure auto parts bearings Suppliers related activities post the Chinese New Year.6 per cent to 10.

However, the construction sector would be at the forefront of the demand recovery in the second half of FY2020 on the back of an expected boost to the infrastructure sector, said Jayanta Roy, Senior Vice-President & Group Head, Corporate Sector Ratings, ICRA. India remained a net importer of the steel during May, 2019, the report said. And Indian steel makers through the Indian Steel Association (ISA), have sought a 25 per cent ad valorem safeguard duty on steel imports.2 per cent to 9. And a huge cross- dumping of products have been happening after the US and EU set up tariff and quota barriers.4 per cent from 17. During April-May 2019-20, the production stood at 18. Imports of finished steel have shown a mixed trend during January to May, 2019. And during the same period, exports from the same three countries to India grew by 5,61,000 tonne.318 MT from 0.8 per cent at 0.5 per cent in FY2019 from 7.

On the pricing front, Roy said, "While there is a scope for an immediate price hike due to the current disparity between the domestic and imported steel prices, ICRA expects that any meaningful price improvement would happen only in H2 FY2020, when the infrastructure spending is likely to gain momentum and the auto sector is expected to do well on the back of pre-buying ahead of the BS-VI rollout. Production of finished steel in May rose 1. Indias crude steel output already grew 5..6 per cent to 0.018 MT in April-May 2018-19. In May 2019, the imports fell 13.432 MT in the corresponding period of the previous fiscal.715 MT as compared to 1. However, escalation of trade tensions between China and the US in May 2019 points to possibilities of moderation in Chinese economic activities in the coming months, which would keep its steel production growth and in turn global steel production growth under check in the near term.218 MT in the corresponding period of the preceding fiscal.8 per cent, largely supported by a healthy growth registered by China.674 MT in the year ago month, the steel ministry report said.445 MT earlier. Exports in May 2019 declined by 28.

 

Investors are keenly awaiting

 

On the other hand, indices of oil and gas, FMCG and basic materials were in the red. It, however, closed at 11,713.Mumbai: Rising for the fourth session in a row, the BSE benchmark Sensex on Tuesday added another 185 points to hit an all-time closing high of 39,056 and the NSE Nifty closed above the key 11,700-level on intense buying mainly in auto, IT and banking stocks amid hopes of RBI rate cut.96. The gauge finally settled the day at 39,056.78 points or 0.Similarly, the NSE Nifty opened higher at 11,711.

The RBIs rate setting panel started its 3-day deliberations on Tuesday for the first bi-monthly monetary policy of 2019-20 amid expectations of a cut in key lending rate by another 25 basis points to boost economic activities. Other top gainers were Bharti Airtel, TCS, Bajaj Finance, PowerGrid, IndusInd Bank and State Bank of India -- rising as much as 5 per cent.48 per cent higher.Investors are keenly awaiting the outcome of the RBIs first bi-monthly monetary policy review meeting.69 and a low of 38,846. Sectorally, realty, telecom, auto and IT emerged as prominent gainers.Tata Motors drove the Sensex rally for the second session in a row, surging over 8 per cent.05 points or 0.65, 184. Bucking the overall trend, Bajaj Auto, Sun Pharma, Vedanta, Tata Steel, HCL Tech and HDFC Bank stocks saw intense selling on account of profit-booking.

Besides, domestic markets have a spillover effect of robust global sentiment as investors were encouraged by signs of strengthening economic indicators that showed manufacturing activities in China and the United States improving.The 30-share Sensex started on a positive note at 38,988.57 and swung between a high of 39,121.55 and rose to a record intra-day high of 11,729.Experts believe that hopes of interest rate cut by the wheel bearing repair kits Suppliers Reserve Bank have also aided the recent rally in domestic equities.20, up 44. During the course, it also set its new intra-day record by touching 39,121.35.38 per cent. Asian bourses followed Wall Street gains on Tuesday amid strong indications of improving global macro-economic picture.

 

Tata Motors has outperformed

 

However, the base also supports a mounting plate that allows the user to mount it on a ceiling or a wall for a better view of the surveillance area. All set — your camera is ready to eye your house.The Yi Home app is pretty straightforward. You also have a mic and speaker icon on the interface which allows you to hear what is happening in the room under surveillance, or to speak to the person(s) on the other end. Sadly, this camera does not have a sensor that is capable of low light vision and the feed is slightly grainy when the indoor turns a little darker. But when the light goes down further, the night mode kicks in and the IR LEDs light up the surveillance area to give a better view of the surroundings.

Tata Motors has outperformed the industry with a growth of 15 per cent during the April-February period in passenger vehicle sales."The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase," Mayank Pareek, President, Passenger Vehicles at Tata Motors had said..Auto analysts said that auto companies resort to such tactics during December when retail sales cool off considerably.Pune: French car giant Renault, which announced up to 3 per cent price hike from next month, is the latest to join the bandwagon to raise car prices in a bid to sell more cars before the financial year-end to ease high inventory levels with dealerships across the country.Last week, Tata Motors, the biggest auto maker by revenues and earlier, Toyota Kirloskar Motors, and British luxury car maker Jaguar Land Rover had said they would all raise prices from April wheel bearing due to rising input costs. However, the growth fell to two per cent in February in line with the rest of the industry.

 

It had lost near

 

The fall in diesel price under GST would be marginally less, as tax on the fuel is slightly lower than petrol.52 per cent at 10,578.In the Sensex kitty, major gainers included Tata Motors, Vedanta, TCS, RIL, Yes Bank, Infosys, Sun Pharma, Maruti Suzuki, Kotak Bank, IndusInd Bank, HDFC Bank, Bajaj Auto, Hero MotoCorp, ONGC, ITC Ltd and Axis Bank, rising by up to 3.76 per cent on Monday. Shanghai Composite index, however, fell 1.Sector-wise, BSE IT, teck, consumer durables, realty and auto indices were trading in the positive zone with gains up to 1. The US Dow Jones Industrial Average rose 0.45 per cent.59 per cent, to 35,158.It had lost near 61 points Monday.02 per cent, South Koreas KOSPI Index rose 0.

The National Stock Exchanges Nifty too was trading higher by 54.90 per cent.90 points, or 0. Exchanges will conduct a special Muhurat trading session on Wednesday between 1700 and 1830 hours on the occasion of transmision system bearing Diwali.21 points, or 0.13.The 30-share index gained 207.Brokers said a mixed trend in other Asian markets, supported by overnight gains at the Wall Street ahead of the US mid-term elections, influenced sentiments here.Meanwhile, foreign institutional investors (FIIs) bought shares worth Rs 12 crore, while domestic institutional investors (DIIs) sold shares to the tune of Rs 622 crore on Monday, provisional data showed.22 per cent.05 per cent, while Hong Kongs Hang Seng shed 0.42 per cent in their morning sessions.Elsewhere in Asia, Japans Nikkei was up 1.90.

 

The gauge had gained

 

28 per cent at Rs 1,888.Brokers said besides fresh buying by domestic institutional investors (DIIs), a firm trend at other Asian markets influenced sentiments.85 per cent.The NSE Nifty recaptured the key 10,800-level by rising 68.57 against the US dollar at the forex market, fuelling the uptrend in domestic equities.35 points, or 0.70.Mumbai: The benchmark Sensex on Monday rose over 200 points, while Nifty reclaimed the 10,800-mark on widespread buying in metals, auto, IT and banking counters, amid firm Asian cues and a strengthening rupee.Rupee rose by 30 paise to trade at 68.11 per cent, while Chinas Shanghai Composite Index advanced 1.65 per cent.The 30-share BSE Sensex jumped 244.Major gainers were Tata Steel, Vedanta, Yes Bank, Tata Motors, RIL, M&M , Asian Paints, ICICI Bank, Axis Bank, Bajaj Auto, Power Grid, Coal India, Maruti Suzuki, NTPC, L&T, SBI, IndusInd Bank, Bharti Airtel, and Infosys, gaining up to 1.62 per cent at Rs 1,292.61 per cent.

TCS was trading lower by wheel bearing 1.DIIs bought shares worth a net of Rs 1,480.All sectoral indices, led by metal, auto, infrastructure, power, capital goods, healthcare and bankex, were in the green, rising up to 1.82 crore, while foreign portfolio investors (FPIs) sold equities to the tune of Rs 968.84 points, or 0.31 points in the previous session on Friday. The gauge had gained 83.63 per cent, to 10,841.61 per cent, Japans Nikkei gained 3.18 crore on Friday, provisional data showed.Investors are also looking forward to the quarterly results of IT majors TCS and Infosys that will kick-start the earnings season later this week.40.41 per cent higher on Friday..The US Dow Jones Industrial Average ended 0.Globally, Hong Kongs Hang Seng rose 1.69 per cent, to 35,902.Asian shares rose tracking gains on Wall Street after the release of strong jobs data for June, which muffled the impact of an escalating US-China trade dispute.00.80, while Infosys was up 0.

 

Net sales during the quarter

 

 

With reference to the media report stating, ICICI Bank masked bad loans through change in accounting policy, the bank clarified that its accounts are audited by reputed statutory auditors whose audit report and audit opinion form part of the banks annual report.56.70 and climbed to life highs at 38,076.The second-line shares of S&P BSE Mid-Cap index rose 3.29 per cent to settle at 16784.50.73 per cent, PSU 0.78.83 per cent, M&M 2..Among the 31-share Sensex pack, 18 stocks rose and remaining 13 stocks fell during the week. Net sales during the quarter fell 4. Both these indices underperformed the Sensex. The barometer auto bearings Manufacturers index, the S&P BSE.

Sensex, rose 135.03 crores, while NSE fell to 1,65,424.09 points or 0.23 per cent at 11,387.24 per cent, while healthcare fell by 2.78 crores previously.67 per cent, realty 1.53 crs as against last weekends level of Rs 17,607.32 points or 0.55 points or 0.The BSE Sensex started the week strong at 37,714.41 per cent to settle at 37,869.89 points or 0.10.07 or 0.79 points or 2.63 per cent and Infosys 1.Trading for the week began on positive note.36 per cent at 37,691.70.23, while the broader Nifty closed at 11,429.35 points or 0.40 per cent, Reliance 2.It works on both GEPON/GPON technologiesThe key features of the ONU Wi-Fi router include support for plug and play, auto-detection, auto-configuration, and auto firmware upgrade. It comes with integrated OAM/OMCI remote configuration and maintenance function and support rich QinQ VLAN functions and features IGMP snooping multicast.11n Wi-Fi (2T2R), layer 2/3 and VoIP as well.

 

 

 

The US Dow Jones

 

Brokers said sentiments remained firm largely on the back of sustained buying by DIIs as well as retail investors and positive cues from other Asian cues, tracking gains on the Wall Street.Major gainers were Tata Motors (3.60 points, or 0.The US Dow Jones Industrial Average ended 1.93 per cent), Bajaj Auto (0.Mumbai: The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of Indias monetary policy review that begins on Wednesday.66 per cent), M&M (0.66 per cent), TCS (0.Rising for the third straight session, the 30-share index gathered another 98. Shanghai Composite Index gained 0.78.15 points, or 0.29 per cent, to 33,468.51 crore on Tuesday, provisional data showed.46 per cent in early trade today.48 per cent), Hero MotoCorp (0.85 per cent), Yes Bank.

Sectoral indices, led by auto, realty, healthcare, consumer durables, IT and metal, were trading in the positive zone with gains up to 1.18 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 376.20 per cent, while Japans Nikkei rose 0.95 points in previous two sessions.Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 479.55 per cent).28 per cent, to trade at 10,274.58 per cent), Bajaj Auto (0.12 per cent.Similarly, the NSE Nifty gained another 29.72 per cent.Elsewhere in Asia, Hong Kongs Hang Seng was up 0.65 per cent higher in Tuesdays trade.The six-member Monetary Policy Committee (MPC), headed wheel bearing by RBI Governor Urjit Patel, is scheduled for a two-day meet today and tomorrow.The gauge had rallied by 401.58 per cent) and Maruti Suzuki (0.Investors, however, are in a wait-and-watch mode ahead of the RBIs first bi-monthly policy meet for FY19, they added.

 

A global aspirational

 

Commenting on the companys plans for the expo, M&M President,Automotive Sector, Rajan Wadhera, said, "We will display the widest range of electric passenger and mass mobility solutions including inspiring concepts, electric mobility platforms and future electric wheel unit bearings Manufacturers architecture that will manifest our commitment towards sustainable mobility in India.New Delhi: Homegrown auto major Mahindra & Mahindra on Friday said it will showcase six new electric vehicles, including two futuristic concepts, at the upcoming Auto Expo.

A global aspirational SUV as well as a Stinger concept of one of the companys popular SUVs will also be displayed at the expo, Mahindra & Mahindra said in a statement..Apart from the EVs, M&M will also display "first of its kind future electric architecture and an electric mobility platform that will drive connected experiences for consumers", it added.The companys display at the expo will highlight Future of Mobility based on three pillars Clean, Connected and Convenient, it added.

 

The Mumbai Metropolitan

 

The aim is to avail transport to and from metro stations without disrupting existing traffic on the road.The MMRDA has plans to integrate China wheel bearings Manufacturers with the BEST authorities again, this time for line 2A and line 7 feeder services. As per the study, a mini bus may be deployed near selected stations to ferry the passengers in a bid to create a feeder network. Once the plan is finalised, the authority will appoint contractors to create bus stands and other amenities,” added the official.Also, a study for auto, taxi and share-auto line within a radius of 500 meters near the station is underway.For Metro-1 (Versova-Ghatkopar), the MMRDA had earlier integrated with the Brihanmumbai Electric Supply and Transport (BEST), wherein the buses used to ply on two routes suggested by BEST.

The Mumbai Metropolitan Region Development Authority (MMRDA) has initiated a study on a ensuring the last-mile connectivity around the upcoming Metro-2A (Dahisar to DN Nagar) and Metro-7 (Andheri east to Dahisar east) stations.. “The consultant will ensure that adequate space is available for auto stands, taxi and private parking near metro stations. “The elevated metro corridors leave darkness beneath, so for the upcoming lines, spaces under the stations will be illuminated.“We have appointed a consultant who is studying the commuter patterns, and the routes which are accessed the most to reach the metro stations,” said a MMRDA official.Also, drop boxes, ATMs and plants will be added to beautify if the station falls in a residential area,” said the official. Meanwhile, the plan also entails enhancing the stations and the surrounding areas.

 

The Sensex gained

 

While, Car major Maruti Suzuki India was the top gainer in the Sensex pack last week. Among the 31-share Sensex pack, 28 stocks fell and remaining 3 stocks rose during the week.94, while the broader Nifty ended below the key 10,200- level to close at 10,121.69 per cent, oil and gas 2. The company said its total sales rose 14.The market saw largely volatile sessions throughout the week, with first three-days trading range-bound possessed by uncertainty over the September quarter GDP data.07 per cent, it was followed by SBI 5.05 points, or 1.05 and traded in the range of 10,409.28 per cent, Reliance 4.15 and 33,797.60 per cent and realty 0.71 per cent, consumer durables 0.The S&P BSE Mid-Cap index fell 177.20 crores, While NSE rose to 1,66,518.91 per cent, Tata Steel 3.43 per cent, FMCG 0. The S&P BSE Small-Cap index fell 7.55 and 10,108.42 per cent and Coal India 0.12 per cent, Power Grid 3.48 per cent, healthcare 1.Selling was led by Metals, PSUs, IT, Teck, Banks, Oil and Gas, Power, Auto, Healthcare, FMCG, ConsumerDurables and Capital Goods.Mumbai: The benchmark Sensex tumbled 846.The stock rose 1.Among sectoral and industry indices, Metal declined by 4.Auto major Tata Motors fell by 6.27.

Countrys reversing trend in economic growth with GDP data showing an expansion by 6.90 crore during the week, as per Sebis record including the provisional figure of December 01. Broader Indices midcap and smallcap company shares also sold off this week.82 per cent and ICICI Bank 3.90 points, or 2. While Realty and IPOs witnessed some buying.04 per cent, to settle at 18,017.1 per cent or 5.92 per cent, Adani Ports 4.48 per cent.Finally, the bounce-back in the GDP growth and China ball bearings Manufacturers the brief short-covering gains during start of the week dismantled by caution as bears silently took control, pressured by surge in countrys fiscal deficit figure, while renewed tensions in korean peninsula and F&O expiry added the volatility.93 per cent, Infosys 5.07 points, or 0.09 per cent, Tata Motors DVR 4. The Sensex gained 364..00 per cent followed by IT 3.48.14 per cent, teck 2.1 per cent to 1.The Nifty also started the week lower at 10,361.46 per cent, while IPO rose by 0.70 per cent and capital goods 0.55 to end at 10,121.60 per cent, auto 1.65 per cent, power 1.54 lakh units in November 2017 over November 2016.18 per cent, Sun Pharma 4.72 per cent.30, or 2.34 crs as against last weekends level of Rs 21,642.42 per cent.85 crs previously.68 points or 1.78 before settling the week at 32,832.The Sensex started the week lower at 33,640. It was followed by NTPC 0.05 per cent, to settle at 16,757.25 lakh crore of the budget estimate for 2017-18 pressuring banking sector.