With China’s Alibaba on the verge of what will likely be the biggest IPO this september in history, Alibab account for 80% of all online commerce in China and comparing with American E-commerce giant Amazon matters a lot. Here’s a brief breakdown of the two companies
Now Crude Oil is trading around $94.30 & as we can see on chart, as crude bounced back from $92.50 mark & this area providing support since may 2013. We have witness consecutive 3 bounce from here & there could be 4th one now. Apart from this, crude is getting support from 161.8% February correction .In last few days we also observe a bullish construction on candlestick pattern. A Lower trendline support & positive divergence proving more strength probably.
The term of FPO is quite prevalent in the present time. However, there are many who are yet to have a clear view of this aspect. FPO stands for Follow-on Public Offer. This is a way through which the listed companies can raise capital. The money is raised from the public and is referred to as the further public offer.
Are you still hassling over filing your returns for the year 14-15? Don’t bother calling up your chartered accountant when you can easily log on to your active internet connection and login to begin the e-filing income tax return. Take ownership of your own finances, as no one will know the nitty-gritties of your finances better than you. Let’s see how one can file returns easily online.
Bank nifty closed the week on positive note after making intraday high of 15745 bank nifty closed the week at 15828.30. Now week starting from 25 August 2014, Monday 15695 is the support for bank nifty. If market is unable to sustain below this level and cross 15775 expect a rally for 16000 and higher in coming sessions.
This week is expiry for derivative markets with dried up volatility and Nifty spot managed to close above 7900 on weekly basis for the very first time .India’s Q2 GDP data and Fiscal Deficit data(Macro Economic data) scheduled during this week on August 29. So far FII’s had more close to Rs 98,802 crore this year in bond market compared to Rs 76,705 crore in equity market.