Apple iPhone XS images leak ahead of the launch; new gold colour confirmed

Apple is hosting its annual iPhone reveal event on September 12, where it is expected to take the wraps off brand new iPhones and perhaps also give us more on its home speaker and audio range. However, ahead of the launch, images of the next-gen bezel-less iPhone have already emerged.

Likely to be called the iPhone XS, it will be the successor to the current iPhone X, and feature a new gold colour, according to 9to5 Mac which revealed the images. Interestingly, Apple's event invite also features the same gold colour, thereby confirming that the iPhone will feature the new gold and black blend.

The images also reveal that the next-in-line iPhone will continue to feature the bezel-less display and have a larger sibling featuring a 6.5-inch display while the base version will be at 5.8-inch. Both the models are likely to be called iPhone XS with one featuring an OLED display.

At the same event, Apple is also expected to unveil the next-gen Watch Series 4.

SC to hear petitions challenging Article 35A; shutdown in J&K Valley

Life across the Kashmir Valley was adversely affected on Friday by a separatist-called protest shutdown to voice support for Article 35A.

Joint Resistance Leadership (JRL), a conglomerate of separatists headed by Syed Ali Shah Geelani, Mirwaiz Umer Farooq and Yasin Malik called a complete shutdown on Friday to highlight support for the article.

All shops, public transport, other businesses and educational institutions remained closed in Srinagar and other places in the valley.

Attendance in government offices, banks and post offices was badly affected because of non-availability of public transport in the city and other districts of the valley.

Post-graduate entrance exams have already been rescheduled because of the shutdown. Rail services between Baramulla and Bannihal towns were also suspended for the second consecutive day.

Derivatives strategy on Tata Steel by HDFC Securities

.

Derivatives strategy on Tata Steel by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities:

Buy Tata Steel September 620 CALL @ Rs 18.8
Stop loss of Rs 14
Target Rs 28
Rationale: We have seen Long positions being rolled over to the September series in Tata Steel with Open Interest rising by 5% with Price moving up by 2%.

We have seen healthy rollover of 94% as against last three series average rollover of 76%

The stock price is trading above its important short-term moving averages Indicating a bullish trend for the short term
Momentum Indicators and Oscillators like RSI and MACD are also Indicating strength in the stock for the short to medium term.

Commodity outlook by Tradebulls Securities: Buy nickel, lead

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls:
Dollar index erased its 2 day gain and has settled lower today trading near 94.60. In spite of dollar index’s sharpest pullback after touching technical resistance mid-month at 97, Indian Rupee continues to fall against Dollar. Indian Rupee is trading at all-time low and there seems to be no respite. Spike in crude oil prices and demand for US Dollar by Indian oil importers have added extra pressure on our currency.

Buy Nickel
Target: Rs 970
Stop loss: Rs 920
Nickel is the only base metal that has failed to rally along with other base metals. Last week we saw all base metals rallying expect Nickel. The emergence of Bullish engulfing pattern on Tuesday along with price action sustaining above the midpoint of bullish engulfing pattern suggests we may see an increase in participation in Nickel. RSI_14 also is trading above 50 indicating buying momentum is picking up. We recommend long position with expected target till 970 and stop loss of 920.

Buy Lead
Target: Rs 151
Stop loss: Rs 143
Last week, we anticipated a breakout in Lead and initiated buy call. This week too we recommend a long position in Lead. Lead prices have settled above its short-term moving average of 13 and 20 after 27 June. Momentum looks strong as RSI_14 is trading above 54 and Stochastic oscillator also have generated crossover buy signal. We recommend a long position in Lead with expected upmove till 151 and stop loss of 143.

Today's picks: From Sun Pharma to HPCL, hot stocks to watch on Friday

Nifty
Current: 11,677 (fut: 11,740), Target: NA
Stop-long positions at 11,650. Stop-short positions at 11,825.
Big moves could go till 11,875, 11,600
A long 11,500p (65), long 11,900c (65) can be offset with short 11,400p (48), short 11,200c (37)

Bank Nifty
Current: 28,103 (fut: 28,229)
Target: NA
Stop-long positions at 28,075
Stop-short positions at 28,400.
Big moves could go till 28,550, 27,875
Trend has slightly negative bias

HPCL
Current price: Rs 253
Target price: Rs 247
Keep a stop at Rs 256 and go short. Add to the position between Rs 248 and Rs 249
Book profits at Rs 247

ITC
Current price: Rs 320
Target price: Rs 326
Keep a stop at Rs 317 and go long
Add to the position between Rs 324 and Rs 325
Book profits at Rs 326

Sun Pharma
Current price: Rs 640
Target price: Rs 650
Keep a stop at Rs 635 and go long
Add to the position between Rs 646 and Rs 648
Book profits at Rs 650

Xiaomi to launch three Redmi 6-series smartphones on September 5: Know more

Chinese smartphone manufacturer Xiaomi is gearing up to launch the Redmi 6-series smartphone in India on September 5. The series includes entry-level Redmi 6A, budget-centric Redmi 6 and a premium budget offering the Redmi 6 Pro. Launched earlier this year in China, the Redmi 6A and Redmi 6 sport 18:9 aspect ratio screen. However, the Redmi 6 Pro would be the company’s first budget smartphone with a notch-based screen.

Here are key features and specifications of the Redmi 6-series:

Xiaomi Redmi 6A

This entry-level smartphone sports a 5.45-inch HD+ (1440 x 720) screen stretched in 18:9 aspect ratio. The dualSIM smartphone is powered by MediaTek Helio A22 system-on-chip (SoC), paired with 2GB of RAM and 16GB of storage, expandable via microSD slot that supports card of up to 256GB capacity. For imaging, the phone features a 13-megapixel primary camera of f/2.2 aperture size on the back and a 5MP lens on the front for selfies. Powering the phone is a 3,000 mAh battery. The phone boots Google Android-based MIUI 9 operating system

Nokia 6.1 Plus to go on sale on Flipkart today: Price, launch offer & more

The Nokia 6.1 Plus, a first notch-based budget offering from the stable of HMD Global, is going on sale today (August 30) for the first time in India. Priced at Rs 15,999, the Android One smartphone will be available exclusively on Flipkart and the sale would begin at 12 noon on the e-commerce platform and Nokia online store. The Nokia 6.1 Plus will be available in three colour options - gloss black, gloss white and gloss midnight blue. As for the launch offer, the company is offering Rs 1,800 instant cashback and 240GB of mobile data valid for 12 months to Airtel customers on Rs 199, Rs 249 and Rs 448 plans.

Nokia 6.1 Plus review
Compared to the predecessor, the Nokia 6.1, the Plus edition is although cheaper but offers better hardware, premium design, bigger screen estate and enhanced camera modules. In terms of design, the Nokia 6.1 Plus looks plush in its glossy outlook. It features a glass-metal-glass design in a compact form factor, which is easy to hold and operate. The phone is light in weight which makes it easy to use and carry around in hand or pocket. It is among the few few smartphones with a perfect body size -- neither big nor small. Granular detailing in design, such as silver accent lining around keys and fingerprint sensor, also accentuates its overall premium appeal.

Rupee sinks to all-time low of 70.82 against dollar, plunges 23 paise

Continuing its free-fall, the rupee today weakened by another 23 paise against the dollar to trade at a life-time low of 70.82 on strong month-end demand for the US currency amid sustained foreign fund outflows.

At the Interbank Foreign Exchange (Forex) market, the local currency opened a tad higher at 70.57 a dollar from its previous close of 70.59 but slipped to hit a fresh low of 70.82, down by 23 paise.

Forex dealers said besides strong month-end demand for the American currency, buying by importers, mainly oil refiners in view of surging crude oil prices and capital outflows, weighed on the domestic currency.

Furthermore, the dollar strength against its rival currencies overseas too put pressure on the rupee, they said.

The rupee had recorded a steep fall of 49 paise, to close at record low of 70.59 against the dollar in the previous session.

Meanwhile, the BSE Sensex recovered by 96.13 points, or 0.24 per cent, to 38,819.06 in early trade.

Nifty outlook and top trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:

NIFTY VIEW
Market ahead of expiry gets volatile with Nifty below 11,700, now having a near term support at 11,600 levels. Bank Nifty though not correcting yet not participating to propel an up move. The support for the day is seen at 38,470/11,620 while resistance is seen at 38,940/11,750.

BUY ITC
CMP: Rs 312.80
TARGET: Rs 345
STOP LOSS: Rs 298
The stock has given a decent rally from the levels of 260 and recently has been consolidating around 310 levels for some time gathering strength and has potential to give a further rally from here on.

BUY SHRIRAM TRANSPORT FINANCE
CMP: Rs 1,348.95
TARGET: Rs 1,510
STOP LOSS: Rs 1,285
The stock has made a higher bottom formation pattern in the daily chart and has indicated a positive bias with the RSI showing a trend reversal with a rising trend. 

Top trading ideas by Tradebulls Securities: Buy V-Guard, sell TVS Motors

Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities:

Nifty Outlook:
Nifty has been crawling throughout the current month but has managed to keeps its float about 11,500 & inched higher towards 11,800 marks. Out of last 15 trading sessions it has witnessed 11 sessions with narrow ranged action with 7 Doji formations throughout the course.

V-GUARD
Reco: Buy
CMP: Rs 221.90
Fresh breakout from a continuation pattern indicates the ongoing upmove to remain constant. Also a sustained move & a close above its immediate highest CE OI congestion of 220 could derail the option writers confidence & provide further stimulus for the upmove. Expect the move to extend towards 228; hence the same could be participated with a trading stop below 217.

TVS MOTORS
Reco: SELL
CMP: Rs 558
Occurrence of Bearish Engulfing formation at the upper end of the declining channel formation could be a sign of exhausting pullback. Fresh shorts could be considered with a stop above 568 for an immediate swing towards the lower end of the pattern placed around 500.

Despite imperfections, Poco F1 can beat OnePlus and Asus on their own turf

Poco, a sub-brand of Chinese smartphone manufacturer Xiaomi, seems to be redefining the mid-range flagship segment with the launch of the Poco F1. The smartphone offers top-of-the-line innards at a starting price of a budget mid-range device, challenging the dominance of OnePlus in its own game, and almost killing the budding new names in mid-range flagship segment, such as Asus.

A smartphone is more than just the sum of its components. This is true of every smartphone, be it one from OnePlus or Samsung, Apple, Asus or Xiaomi. Like a camera, which is more than just the megapixels, a lot more than just a processor defines a smartphone. A powerful processor, coupled with an optimised operating system, proper RAM management, healthy battery, capable camera units with software-based image enhancements algorithms, etc, are a few things that complete a smartphone.

From Google Pay to Google Go apps: Key takeaways from Google for India 2018

Search engine and technology giant Google on August 28 announced new tools and features specifically designed for Indian users at the Google for India 2018 event. These tools and features include the addition of more languages support in existing apps, a new platform to bring offline publishers to online platform, redesigned Google Go apps with more functionalities, redesigned digital payment app and more language support to communicate with technology via voice. While some of these tools and features are now available to experience, rest of them would begin to roll out in coming months.

Here are the key takeaways from Google for India 2018:

Google Pay
Last year in September, Google introduced a unified payments interface (UPI) based digital payments app Tez. Now, the company has renamed the app to Google Pay, and promised to make it accessible at more platforms -- in-stores and online, while also expanding its services for merchants, and inclusion of financial institutions such as HDFC Bank, ICICI Bank, Kotak Mahindra Bank, etc. for instant loans without paperwork hassles.

Google Maps
Google Maps will soon be able to provide better public transport guidance, which will inform riders of upcoming stops and alerts on when to get off. The company also partnered with RedBus to provide more than 20,000 routes and 1,500 cities for intercity bus journey routes.

The company also announced turn-by-turn navigation functionality, along with a new home screen with convenient shortcuts new for Google Maps Go app.

Google Assistant
The Google Assistant will soon be integrated with local apps such as Where Is My Train, Airtel, and Hello English to provide added functionality such as providing train schedules, plan expiry data, mobile data balance, etc. The digital personal assistant now also supports Marathi language, along with English and Hindi, and support for around seven new languages will be added shortly.

Bank Nifty would be in a range of 28,000-28,520, says Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:

NIFTY VIEW
Market is precariously overbought with few main frontline stocks supporting the index like RIL, Bank Nifty though succumbing to some selling, however, the trend remains intact. The support for the day is seen at 38,650/11,670 while resistance is seen at 39,120/11,800. Bank Nifty would have a range of 28,000-28,520. Pharma sector, though, positive has taken a breather while Metal & Auto look promising from here on along with HDFC Twins.

BUY GUJ ALKALI
CMP: Rs 576.75
TARGET: Rs 670
STOP LOSS: Rs 540
The stock has been in a consolidation phase for quite some time at around 560 levels and currently has indicated a positive bullish candle to signify strength and has potential to rise further in the coming days to scale till 670 levels. The stock has maintained above the significant moving averages of 34 WMA, 50 DMA and with the RSI indicating a trend reversal has signaled a buy. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of 670 keeping a stop loss of 540.

BUY STERLITE TECH
CMP: Rs 365.15
TARGET: Rs 410
STOP LOSS: Rs 342
The stock has made a series of higher bottom formation pattern in the daily chart and currently, also a similar pattern has been formed with a positive bullish candle moving above the significant 34WMA moving average and strength has been maintained for further upside momentum. The RSI has made a steep rise with a trend reversal and with the stock moving in an upward trend, we recommend a buy in this stock for an upside target of 410 keeping a stop loss of 342.

Nifty outlook and top technical calls by HDFC Securities for today

Nifty outlook and technical calls by Vinay Rajani Technical Analyst, HDFC Securities:

Nifty View
Nifty continued its upward move with new all-time high of 11,760 and closed at 11,738. We believe that 11,768 is a crucial resistance to watch out for Nifty. Any level above 11,768 could extend the rally towards 11,999. As far as support is concerned 11,620 should be kept a stop loss in trading long positions. Nifty midcap and smallcap indices have not been able find their feet and therefore it is advisable to remain focused on Largecaps. BankNifty could see fresh momentum buying above 28,400.

Buy Sterlite Tech
CMP: Rs 365
Target: Rs 400
Stop loss: Rs 350
Stock has broken out from the consolidation which held for last 3 week. Volumes have gone up significantly along with price move. Stock has been trading above 20, 50 and 200 DMA, indicating positional uptrend. Oscillators have been showing strength on the weekly chart. We recommend buying Sterlite Tech for the upside target of 400, keeping SL at 350.

Buy FSL
CMP: Rs 72.60
Target: Rs 69
Stop loss: Rs 78
Stock price has broken out from the downward sloping trend line, adjoining previous two tops on the daily charts. Indicators like RSI and ADX have turned bullish on the daily and weekly charts. Flag Pattern breakout is observed on the weekly charts, indicating continuation of an uptrend. We recommend buying FSL for the upside target of 78, keeping SL at 69.

Today's picks: Tata Steel to YES Bank, hot stocks to watch on Wednesday

Nifty
Current: 11,738 (fut: 11,757) Target: NA
Stop-long positions at 11,675.
Stop-short positions at 11,825.
Big moves could go till 11,625, 11,900. A long 11700p (19), long 11,800c (17) work gain if the index moves outside 11,664, 11,836 by Thursday.

Bank Nifty
Current: 28,269 (futures: 28,313)
Target: NA
Stop-long positions at 28,175. Stop-short positions at 28,450. Big moves could go till 27,950, 28,725. Profit booking seems a little more likely than a continuing uptrend.
Tata Steel
Current price: Rs 590
Target price: Rs 598
Keep a stop at Rs 585 and go long. Add to the position between Rs 596 and Rs 597. Book profits at Rs 598.

YES Bank
Current price: Rs 370
Target price: Rs 364
Keep a stop at Rs 374 and go short. Add to the position between Rs 365 and Rs 366. Book profits at Rs 364. Target prices, projected movements in terms of next session, unless otherwise stated 

Gaganyaan mission: In a first, India to send humans into space for 7 days

Indias first manned space flight - Gaganyaan - is expected to send three persons into the space for seven days and the spacecraft will be placed in a low earth orbit of 300-400 km.

Giving details of the programme at a press conference here, Minister of State for Atomic Energy and Space, Jitendra Singh said GSLV Mk III, the three-stage heavy lift launch vehicle, will be used to launch Gaganyaan as it has the necessary payload capability.

He said two unmanned Gaganyaan missions will be undertaken prior to sending humans.

"The total programme is expected to be completed before 2022 with the first unmanned flight within 30 months. The mission will aim to send a three-person crew to space for a period of seven days. The spacecraft will be placed in a low earth orbit of 300-400 km. The programme is expected to cost less than Rs 10 billion," Singh said.

Now, you can pay your mobile and electricity bills with Amazon Pay money

Amazon India has launched a bill payment facility that allows customers to pay electricity, landline, broadband, gas and postpaid bills across more than 100 billers in the country.

Customers can access these categories using the Amazon Pay dashboard and the Amazon home page on the mobile app/website. The service enables bill payments through most of the major billers across various cities in India. These include billers like BSES, Tata Power, BESCOM, BSNL, Airtel, Vodafone, Reliance Jio, ACT, Hathway, IGL and MGL. Amazon drives customers to utilize their Amazon Pay account beyond the marketplace, to categories like Mobile Recharges, DTH Recharges, bill payments, travel, and movie booking use cases.

Amazon has also partnered with select billers, telecom and DTH operators to offer exclusive promotional offers to customers across recharges and bill payments. "The launch of bill payments on Amazon reinforces Amazon’s commitment to Indian customers to provide them new categories and a wide selection of services.," said Shariq Plasticwala, Director – Payments, Amazon India.

Tez rebranded as GooglePay, platform to receive major push this Diwali

Global tech giant Google on Tuesday said that by Diwali it plans to expand the operations of its payments platform, and would add major retail chains restaurants and cab aggregators to the platform.

The tech giant has also re-branded 'Tez' as 'Google Pay' as part of its efforts to take the digital payments app to more online and retail merchants across the country.

“Building for India has helped Google build for everyone all around the world... Our partnership with RailTel is an example where millions of people are accessing the Internet from hundreds of railway station in India. We have also taken Google Station to other countries like Indonesia, Nigeria, Thailand and Mexico," Google General Manager (Next Billion Users initiative and Payments) Caesar Sengupta said.

Previously, Google had partnered with RailTel to offer Wi-Fi access across 400 railway stations in the country.

"Earlier this year, we partnered with APSFNL. We expect to start rolling out the service by year-end in cities like Vijayawada and Visakhapatnam, to connect Gram panchayats, primary health care centres and other public places," he said.

Realme 2 India launch today: Watch livestream, know expected price, specs

Realme, a sub-brand of Chinese smartphone manufacturer Oppo is launching the second iteration of its value-for-money smartphone in India today ( August 28). Named the Realme 2, the smartphone would have a gradient design, similar to the first-generation device. However, compared to the predecessor, the upcoming smartphone will feature a new format screen, better internals and an improved camera module, according to a device listing page on the e-commerce platform Flipkart.

The Realme 2 would sport a 6.2-inch HD+ resolution screen with a notch, accommodating a front camera, earpiece and sensors. On the back, the phone would get a dual camera module placed horizontally on top left centre, along with an LED flash. The back would also feature a fingerprint sensor, which was missing in the predecessor.

However, like the predecessor, the Realme 2 would feature a diamond-shaped gradient design on the back and on the frame.

Today's picks: From Airtel to Hindalco, hot stocks to watch on Tuesday

Nifty
Current: 11,692 (fut: 11,712)
Target: NA

Stop-long positions at 11,625. Stop-short positions at 11,780. Big moves could go till 11,575, 11,830. A long 11,700p (38), short 11,600p (14) would gain on any profit booking.
Bank Nifty
Current: 28,264 (fut: 28,279)
Target: NA
Stop-long positions at 28,150. Stop-short positions at 28,400. Big moves could go till 27,900, 28,575. Uptrend may be paused by profit booking.

Tech Mahindra
Current price: Rs 738
Target price: Rs 752
Keep a stop at Rs 735 and go long. Add to the position between Rs 748 and Rs 750. Book profits at Rs 752.

Bharti Airtel
Current price: Rs 378
Target price: Rs 376
Keep a stop at Rs 386 and go short. Add to the position between Rs 377 and Rs 378. Book profits at Rs 376.

Hindalco
Current price: Rs 231
Target price: Rs 235
Keep a stop at Rs 228 and go long. Add to the position between Rs 233 and Rs 234.
Book profits at 235.

Gaganyaan: Isro's first manned space mission on schedule, says Raghavan

Gaganyaan - The Indian Space Research Organisation will complete its first manned space mission on schedule as the programme was finalised a few years ago, K Vijay Raghavan, principal scientific advisor to the government of India, has stressed.

"This mission is not happening out of the blue, nor is it a coincidence. We were giving shape to this mission for a while," Raghavan told PTI-Bhasha in an interview.

One of the most distinguished biologists, Raghavan, 64, was appointed the principal scientific advisor in March.

The post of principal scientific advisor was created by the Atal Bihari Vajpayee government in 1999. The PSA is the topmost advisor to the government on scientific policy matters.

Since Prime Minister Narendra Modi announced on Independence Day this year that India will put a man or woman in the space on board 'Gaganyaan' by 2022, Raghavan said, Isro has been moving ahead to complete the mission as per the schedule.

Fake news row: Social media won't be allowed to abuse polls, says Prasad

Fake News - At a time when the government is engaged in a row with WhatsApp over tracing of fake messages, Electronics and IT Minister Ravi Shankar Prasad has said spread of radical thought through digital means should be addressed by better regulations as well as international cooperation.

Prasad, speaking at the plenary of the G20 Digital Economy Ministerial meeting in Salata, Argentina, on August 23-24, also said that India has taken serious note of reported data misuse of social media platforms and such tools would never be allowed to abuse the election process for extraneous means.

“Use of the cyber medium to spread radical thought is a challenge that needs to be addressed both domestically by better regulations as well as international cooperation,” he said in a statement.

The minister added that the purity of the democratic process should never be compromised and India would take all required steps to deter and punish those who seek to vitiate this process.
Read More

RJio becomes second largest telco by revenue, adds most subscribers in June

Reliance Jio Infocomm, a Mukesh Ambani-owned telecommunication service provider, has surpassed Vodafone India to become India’s second largest telecom operator by revenue market share, according to a report on financial data released by the Telecom Regulatory Authority of India (Trai) for the second quarter of 2018.

A recent report by Crisil also highlighted that the profits of the top three incumbent telecom firms - Airtel, Idea and Vodafone - have halved in the past three years with a 1,000 bps plunge in operating margins, and a recovery is seen only from FY20 when consolidation in the industry is complete.

The corrosive effect of the competition, which began after Reliance Jio entered the fray in September 2016, will see gross revenue of the top three incumbents plunging by 14-16 per cent this financial year as they are forced to focus on retaining subscriber base, added the Crisil report.

Nifty outlook and top trading ideas by Devang Shah for today

NIFTY
CLOSE- 11557.10 (24.08.2018)
The market closed the 5th consecutive week in positive territory. It has achieved my short term targets levels near recent high as expected. It made a high of 11,620.70 levels on Nifty & 38,487.63 levels on Sensex during the week. It looks like extension case further as per short-term wave count chart. Any kind of short-term consolidation or correction is stock specific buying opportunity till short-term reverses.

Stock Picks:

DHFL - BUY
CLOSE – Rs 655.50
TARGET – Rs 700-740
DHFL closed the weekly in negative territory. Its consolidated in a narrow range during the week. Its daily momentum indicators are in BUY. It is trading above 20DMA. One can BUY with a stop loss of Rs-626 for the target of Rs 700-740 levels in short-term.

POWER GRID - BUY
CLOSE – Rs 190.20
TARGET – Rs 198-205
POWER GRID closed the weekly in positive territory. It looks like the end of short-term correction. It managed to hold 20 DMA. Risk Reward is favourable to BUY at current levels. Its daily momentum indicators are in BUY. One can BUY with a stop loss of Rs-185 for the target of Rs-198-205 levels in short-term.

L&T - BUY
CLOSE – Rs 1342.60
TARGET – Rs 1380-1400
L&T closed the weekly in positive territory. It looks like the end of short-term correction. Its daily momentum indicators are in BUY. It closed above 20DMA. One can BUY with a stop loss of Rs-1280 for the target of Rs-1380-1400 levels in short-term.

BJP and RSS trying to divide, spread hatred in India: Rahul Gandhi

Congress President Rahul Gandhi has lambasted the BJP and RSS, saying they were working "to divide and spread hatred" in India.

Gandhi made the statement while addressing the Indian Overseas Congress on Thursday in Berlin, the Congress said on Friday.

His address was not aired live due to a technical glitch.

Interacting with the Indian-origin parliamentarians, Gandhi said that "the government which is now ruling in India, the Bharatiya Janata Party and Rashtriya Swayamsevak Sangh, want to divide and spread hatred in the country. The Congress party will not let this happen".

Gandhi said the strength of India lies in listening to the views of every citizen, irrespective of his/her religion or caste.

Rahul Gandhi slams mob lynchings and attacks on Dalits; BJP hits back

Congress President Rahul Gandhi on Wednesday said mob lynchings and attacks on Dalits and minorities reflected the anger that currently pervaded India’s society because of growing joblessness and the Narendra Modi government taking away protections provided to the country’s poor. He said the Modi government’s demonetisation and poorly implemented goods and services tax (GST) have destroyed the informal economy and killed jobs in the small and medium businesses, which contributed to this anger.

Addressing a gathering at the Bucerius Summer School at Hamburg in Germany, of which Rahul Gandhi is an alumnus, the Congress president pointed to the example of the rise of the Islamic State, in Iraq and Syria to caution that excluding a large number of people from the development process could lead to creation of insurgent groups anywhere in the world.

Buy Maruti for a target of Rs 9,900, SL of Rs 9,000: Prabhudas Lilladher

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:

NIFTY VIEW

Nifty made a record high but the sentiment was somewhat shaken with BankNifty witnessing heavy profit booking and failing to breach the previous peak of 28,363 levels. Nifty has indicated a “Hanging Man” pattern in the daily chart and the chances of a correction in the indices cannot be ruled out. However, the support for the day is seen at 38,100/11,520 while resistance is seen at 38,520/11,630. Bank Nifty would have a range of 27,770-28,220.

BUY GODREJ INDUSTRIES
CMP: Rs 624.70
TARGET: Rs 675
STOP LOSS: Rs 600

The stock has formed a series of higher bottom formation pattern in the daily chart and this time too has taken support around 590 levels near the significant 200 DMA and has given a revival to move past the 50 DMA moving average to signify strength and has potential to rise further in the coming days. The RSI has recently indicated a trend reversal to signal a buy and with decent volume participation witnessed, we recommend a buy in this stock for an upside target of 675 keeping a stop loss of 600.

Today's picks: From Lupin to Bajaj Auto, hot stocks to watch on Friday

Nifty 
Current: 11,583 (fut: 11,596)
Target: NA
Stop-long positions at 11,500. Stop-short positions at 11,675.Big moves could go till 11,725, 11,475. A long 11,700c (20), long 11,500p (34) would profit if the index moves outside 11,445-11,755 by settlement.

Bank Nifty 
Current: 28,027 (fut: 28,112)
Target: NA
Stop-long positions at 27,975. Stop-short positions at 28,250. Big moves could go till 27,775, 28,450. Profit booking may continue to drag the index down.

Lupin
Current price: Rs 903
Target price: Rs 915
Keep a stop at Rs 897 and go long. Add to the position between Rs 910 and Rs 913.
Book profits at Rs 915.

HPCL 
Current price: Rs 260
Target price: Rs 255
Keep a stop at Rs 263 and go short. Add to the position between Rs 256 and Rs 257.
Book profits at Rs 255. 

RCom completes sale of some assets to Reliance Jio for Rs 20 billion

Reliance Communications on Thursday said it has completed the planned sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 20 billion, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).

The transaction entailed 248 nodes covering close to 5 million sq. ft. of the area, used for hosting the telecom infrastructure, all of which now stands transferred to Jio, RCom said in a statement.

"Reliance Communications Limited (RCOM) today announced the completion of the sale of its MCNs and related infrastructure assets, worth Rs 20 billion, to Reliance Jio Infocomm," the RCom statement said.

Earlier this month, Reliance Communications had reinstated bank guarantees worth Rs 7.74 billion with the telecom department ahead of the timeline set by the telecom tribunal, and had said that its Rs 250 billion asset sale plans are "on track".

Last year, Anil Ambani-owned Reliance Communications signed a pact with Reliance Jio for sale of wireless spectrum, tower, fiber and MCN assets - the proceeds of which were to be used to reduce debt.

Jio witnesses highest user engagement of up to 30% among all telcos

Reliance Jio apps witnessed the highest subscriber utilisation (number of subscribers using the app) of up to 30 per cent among telecom service providers, says a recent study. For other telcos, the utilisation level was 10-20 per cent.

While part of the high engagement is due to Jio’s presence across smartphones and app-enabled feature phones, analysts said this did not mean that Jio would be able convert that into higher average revenue per user (Arpu).

In a recent report, UBS Evidence Lab said: "While Jio is slightly ahead of incumbents on app engagement, overall engagement levels are low and will limit (all) telcos' ability to charge for these apps separately. Global examples of telcos being able to charge separately for content are limited." The report noted that customer engagement on apps of telecom operators is below 25 per cent.

Nifty outlook and top trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher:

NIFTY VIEW
The market is likely to consolidate or maybe oscillate in a narrow range as the ADX on the daily chart has stopped its up move which implies less momentum in days to come. The support for the day is seen at 38,050/11,500 while resistance is seen at 38480/11630.

BUY CAN FIN HOMES
CMP: Rs 339.60
TARGET: Rs 380
STOP LOSS: Rs 315
The stock has witnessed a decent correction from the peak of 557 to bottom out recently at around 308 levels and has indicated a good bounce back with a positive candle pattern now to move past the significant 50 DMA moving average and so as to signify strength and potential to rise further in the coming days and with RSI indicating a trend reversal from the oversold zone has also signaled a buy to maintain a positive bias.

BUY KAJARIA CERAMICS
CMP: Rs 458.15
TARGET: Rs 530
STOP LOSS: Rs 420
The stock has witnessed a great erosion in recent times from the peak of 765 and now has indicated a bottoming out pattern at around 406 levels. Currently, a positive bullish candle pattern indicates strength and has got the potential to rise further in the coming days to scale to further new heights. 

Today's picks: From Tata Steel to BPCL, hot stocks to watch on Thursday

Nifty
Current: 11,570 (fut: 11,587), Target: NA
Stop-long positions at 11,490. Stop-short positions at 11,655. Big moves could go till 11,450, 11,700. A long 11,700c (24), long 11,400p (24) will gain if there's a 2% move in either direction by settlement.

Bank Nifty
Current: 28,258 (fut: 28,289), Target: NA
Stop-long positions at 28,175. Stop-short positions at 28,400. Big moves could go till 27,950, 28,625. Up trend may be halted by profit-booking.

Tata Steel
Current price: Rs 582
Target price: Rs 572
Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577.
Book profits at Rs 572.

Tech Mahindra
Current price: Rs 709
Target price: Rs 720
Keep a stop at Rs 702 and go long. Add to the position between Rs 715 and Rs 718.
Book profits at Rs 720.

Vajpayee's ashes handed over to BJP state heads for immersion in 100 rivers

Prime Minister Narendra Modi and senior BJP leaders handed urns with former prime minister Atal Bihari Vajpayee's ashes to party presidents from across the country at a function in New Delhi on Wednesday.

Party chief Amit Shah, Home Minister Rajnath Singh and External Affairs Minister Sushma Swaraj. as well as members of Vajpayee's family, were present at the event held in the BJP headquarters here.

The BJP has decided to take out 'asthi kalash yatras' in all districts and immerse the ashes in rivers across the country.

The yatra was being organised as party workers and people in the country wanted to pay tribute to the late prime minister, who died last week after prolonged illness at the age of 93, party leaders said.

8,000 candidates take exam for accountant posts in Goa govt, all fail

Government Jobs - As many as 8,000 candidates appeared for an examination conducted for 80 posts of accountant in the Goa government, but all failed the test.

The candidates, all graduates, needed to secure a minimum of 50 marks out of the total 100 to qualify but none got it, a senior official said on condition of anonymity.

Goa's director of accounts, in a notification issued yesterday, said none of the candidates, who appeared for the initial recruitment examination held on January 7 this year, secured the minimum qualifying marks required to get through.

The Directorate of accounts had advertised 80 posts of accountant in the common account cadre in October last year.

The five-hour examination included a 100 marks paper on English, general knowledge and accounts-related questions, the official said.

4 killed, 16 injured in a fire at Crystal Tower in Mumbai's Parel

At least four persons were killed and 16 others injured on Wednesday when a massive fire ripped through a highrise building in Mumbai's Parel, officials said.

The fire erupted on the 12th floor of 17-storeyed Crystal Tower building located in Parel. The fire quickly spread to the other upper floors equipmentt flats.

The Mumbai Fire Brigade rushed 12 fire tenders, a snorkel and other advanced equipements to combat the blaze.

The firemen managed to rescue another 20 persons stranded in the smoke-spewing residential building with several families living there.

Senior Congress leader and former Union Minister Gurudas Kamat dies at 63

Senior Congress leader Gurudas Kamat died today after a brief illness, party sources said. He was 63.

The former Union minister died at a hospital in Delhi, where he was admitted early today.

Kamat was a Member of Parliament for the Mumbai North West constituency in 2009 and the Mumbai North East constituency in 1984, 1991, 1998 and 2004.

He was Union Minister of State for Home Affairs with an additional charge of the Communications and Information Technology ministry from 2009 to 2011. In July 2011, he resigned as the minister.

He was also a former president of the Mumbai Regional Congress Committee.

An advocate by profession, Kamat was a commerce graduate from the R A Podar College in Mumbai and also had a law degree from the Government Law College here.

Kerala floods: How Isro satellites are playing a key part in saving lives

KerelaFloods - Even as the unprecedented floods and landslides have devastated most parts of Kerala in the last fortnight, technologically the most helpful support the authorities are getting in handling the situation was updates from Indian Space Research Organisation (Isro) and its various satellites which kept their eyes open up from the atmosphere.

A set of remote sensing satellites and radar satellites has been taking pictures of various aspects of the situation in the flood-hit state from a distance of 400-800 kilometres from the Earth and sending it back with supportive data, which once crunched, helped the experts to predict the level of rains till then, what to expect in the next few hours and even about the situation in the forests and the water reservoirs.

For instance, ResourceSat-2, launched on April 20, 2011, has proved to be helpful in taking pictures on the forestry and normal terrain and how the water bodies are while ScatSat-1 can track the wind, how it flows over the sea and over the land which helps to forecast the weather. Insat 3DR, another satellite together with others can communicate how clouds are positioned and with the help of ScatSat-1, experts can come to a conclusion on how fast they are moving considering the wind speed. Insat satellites, which are geostationary, would send data in every half an hour from the atmosphere, which can give an update to the ground station.

Oppo F9 Pro launch today: Watch livestream, know expected features, specs

Oppo, a Chinese smartphone manufacturer, is gearing up for the launch of the Oppo F9 Pro today i.e. August 21. The smartphone would feature a tiny notch-based screen and gradient colour design, similar to the Realme 1. The phone would also feature the VOOC flash charge, an enhanced version of Oppo’s proprietary fast charge technology that can provide up to two hours of talk time in five-minute charge, the company’s claimed.

First introduced in the Oppo Find X Lamborghini edition, the VOOC charge is a fast charging technology that uses a low voltage and high amp configuration to transfer more power from charger to the device. The charger uses a standard configuration of 5V/4A to achieve a charging speed that are 4 times faster than conventional 5V/1A charging technology.

The Oppo F9 Pro is expected to feature a 6.3-inch fullHD+ screen with a minor notch on the top, accommodating earpiece, sensors and front camera. This would be the first Oppo device in India to feature the water drop notch-based screen design. On the back, the phone would feature a gradient glass design with reflective colour properties. It would come in three colour options -- sunrise red, twilight blue and starry purple. Interestingly, the phone’s side frame would also feature the gradient design.

Kerala floods LIVE: UAE offers Rs 7 bn; train services partially restored

Kerala floods: The situation in the flood-ravaged state was gradually improving, even as some rainfall was forecast for the coastal state from Monday onwards. According to the Indian Meteorological Department, “heavy rainfall” is expected only in Kozhikode, Kannur and Idduki districts over the next four days. However, even as water recedes from major areas, authorities are gearing up to deal with the possible outbreak of water-borne and air-borne diseases.

Commercial flight operations from the Naval airport at Kochi commenced today with the first Air India flight from Bengaluru arriving this morning. It is after 18 years that civilian flights are landing and taking off from the naval airport.

The Indian Railways said that two special trains will be run on Monday from Thiruvananthapuram and Ernakulam to Kolkata and that the train services are expected to be restored on all lines in Kerala by Monday evening. The Railways would also provide blankets and bedsheets to the affected people in Kerala.

CATCH ALL THE LIVE UPDATES

Top trading ideas by Anand Rathi Research: Buy Raymond, Bajaj Auto

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:

NIFTY: BUY
TARGET: 11,653
STOP LOSS: 11,501
The Index closed in the positive territory in the last trading session and it has again formed a life time high. The Index after having broken 11,495 on the upside has confirmed the extension on the upside, hence the minimum equality target on the upside comes to 11,653 whereas on the lower side 11,501 becomes a crucial support.

RAYMOND: BUY
TARGET: Rs 830
STOP LOSS: Rs 755
The stock has formed a falling wedge pattern on the daily charts in the fifth wave of the five wave falling structure. A minimum of 23.6% to 38.2% retracement is expected and in that process the stock is expected to bounce back till 830 levels. The support on the lower side is pegged at 755 levels.

BAJAJ AUTO: BUY
TARGET: Rs 2,840
STOP LOSS: Rs 2,688
The stock has started to retrace the five waves declining structure with a buy crossover in its momentum indicator MACD. The minimum target on the upside comes to 2840 whereas the support on the lower side is pegged at 2688.

AUROBINDO PHARMA: BUY
TARGET: Rs 690
STOP LOSS: Rs 640
The stock has provided a breakout from the cup and handle pattern which is a bullish reversal pattern. The momentum indicator has also come into buy mode which is quite positive for the stock. So, we recommend buying this stock for the target of 690 with a stop loss of 640.

Limited Google Drive space an issue? Whatsapp has some good news for you

Google is making life easy for WhatsApp users as starting this November, 1.5 billion users of this popular instant messaging platform will be able to back up their data on Google Drive without worrying about storage space.

"Starting November 12, 2018, WhatsApp backups will no longer count towards the Google Drive storage quota," WhatsApp said in an update on its FAQ page.

Until now, WhatsApp backup data counted towards the space one had on Google Drive.

According to a report in The Verge on Thursday, unlike other texting apps that store messages on their servers, Facebook-owned WhatsApp requires users to back up their messages to another company's Cloud service to sync chats between phones.

Apple users have their messages stored in iCloud, while Android users have always used Google Drive, it added.

WhatsApp also warned that with the November update, backups that have not been updated in more than one year will be automatically removed from Google Drive storage.

SC asks panel to reduce water level at Mullaperiyar dam by three feet

The Supreme Court today asked the National Crisis Management Committee (NCMC) and a sub-committee set up by Kerala to deal with the flood situation in the state to coordinate and explore the possibility of reducing the water level at the Mullaperiyar Dam by three feet.

A bench of Chief Justice Dipak Misra and Justice D Y Chandrachud asked Kerala and Tamil Nadu to abide by the directions given by NCMC on the rehabilitation of displaced people and the reduction of water level from the existing 142 feet to 139 feet at the dam.

The bench observed that it was not an expert to deal with such severe natural calamity and was leaving to the executive to contain the crisis.

The top court asked Kerala to submit the report on the steps taken on disaster management and rehabilitation measures.

The death toll in the monsoon fury in the southern state has crossed 167, while rains and flood water have caused extensive damage.

Rise in flood waters in Periyar River due to the rains and opening of the shutters of all major dams including Mullaperiyar, Cheruthoni, part of Idukki reservoir and Idamalayar, have severely affected the lives of people in downstream areas.

Over 100 killed in Kerala floods in just one day; death toll touches 173

Kerela Flood Relief - More than 100 people died in rain-related incidents in Kerala in just one day on Thursday, sources in the State Disaster Management Authority said, even as defence forces scaled up operations this morning to rescue those stranded in the worst-hit areas.

The toll for Thursday, initially put at 30, has now been revised to 106, the sources said, which takes the overall fatalities to 173 since the second spell of monsoon fury unleashed itself on August 8.

Prime Minister Narendra Modi is expected to reach Kerala on Friday evening after the funeral of former prime minister Atal Bihari Vajpayee. He is likely to undertake an aerial survey of the flood-affected areas on Saturday.

Chief Minister Pinarayi Vijayan had on Thursday said 23 more helicopters will join the rescue operations on Friday and 200 additional boats will also be pressed into service.

Around 3,000 people were rescued from Ernakulam and Pathanamthitta districts on Thursday.

Several people are stranded in buildings in various districts. Many of them, including children, were rescued from various waterlogged areas.

Former PM Atal Bihari Vajpayee's mortal remains taken to BJP headquarters

Atalji Amar Rehen - Former Prime Minister Atal Bihari Vajpayee's mortal remains, wrapped in the tricolour, were taken to the BJP headquarters here on Friday for the people to pay their last respects to the departed leader.

The body in a flower-decked casket was carried in a hearse to 6-A Deen Dayal Upadhyay Marg headquarters.

Vajpayyee, who passed away at the AIIMS here on Thursday evening at the age of 93, will be cremated at the Rashtriya Smriti Sthal near Rajghat in the national capital at 4 p.m.

His last journey will begin from the Bharatiya Janata Party headquarters to Rashtriya Smriti Sthal at 1 p.m. The government has announced a state funeral for Vajpayee.

A seven-day state mourning has been announced as a mark of respect for the former Prime Minister. Delhi government offices, schools and institutions have been closed.

Congress President Rahul Gandhi, National Security Advisor Ajit Doval and all the three armed forces chiefs earlier led a host of leaders in paying homage to Vajpayee.

Syksa SmartLED review: A smart bulb for home that works with Amazon Alexa

A future world with household appliances or devices connected to the internet and operated remotely is not a sci-fi writer’s imagination. We already are living in a world where you can control some devices using your laptop or mobile phone. This is known as the Internet of things in which devices are added to a network and they can be controlled through the internet.

It has not become very common in India yet but smart bulbs are now starting to change things. Imagine switching a bulb on or off using your mobile phone or speaking to another device and asking it to do this for you. What’s more you can even change the colour of the light that the bulb emits using your mobile phone or another device.

That basically is what Syska SmartLED light is all about. It is a 7W LED bulb priced at Rs 1,600 which you can link to your home wifi and then convert your regular living room into a smart room.

All you need are a home wifi connection, a bulb holder (B22) and a mobile phone. Install Syska Smart Home app on your smartphone and then follow the simple steps provided to link your phone to the bulb and viola, you have light on your hands. Operation is fairly straightforward. The company claims that the bulb has millions of colours that it can emit. You can also change the brightness of the lamp using your mobile phone.