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SGX Nifty Indicates Negative Opening; Rites Announces Share Buyback of Rs 257 Crore

Global stock markets: Dow 30, -0.9%; S&P, -1.1%; Nasdaq, -1.1%; Nikkei, +0.2%; Hang Seng, -0.5%; KOSPI, +0.02%

During the last week, Nifty moved in a relatively narrow range compared with the previous weeks. Through the week, it traded near its 21-DMA. On Friday, Nifty opened on a positive note and traded in positive territory for most of the session. After 2pm, sharp selling in financial stocks dragged the market to negative territory. It lost around 140 points in a span of 30 minutes. Later, some recovery was seen as Nifty pared most of its losses.

In the last week, the reaction on sectoral indices were mixed. Nifty Pharma (+8.9%) was the biggest advancer, followed by Nifty IT (+6.4%), and Realty (+5.5%). On the flipside, Nifty Financial (-4.5%) and PSU Bank (-3.9%) were the major decliners.

As the market condition is in an Uptrend Under Pressure, investors should proceed with caution. Unless a stock shows exceptional fundamental and technical strength, no new addition to the portfolio is advised. Investors should consider booking profits in stocks that have performed well and advanced 20–25% from their ideal buy points. Looking forward, we will change the status to a Downtrend, if more distribution days are added or if Nifty breaches its 50- and 200-DMA. On the flip side, the status will be back to a Confirmed Uptrend if Nifty retakes the 11,795 level (high during the recent rally).

Key News

Rites announced the buyback of shares up to Rs 257 crore at a share price of Rs 265, which is around 4% premium to the current market price. It has fixed September 30 as the record date.

Total liabilities of the Indian government increased to Rs 101.3T at the end of Q1 FY21, from Rs 94.6T at the end of March quarter.

O’Neil Market Condition Report

For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 34%; Rally Attempt, 8%; Uptrend Under Pressure, 54%; Downtrend, 4%.

For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 34%; Rally Attempt, 8%; Uptrend Under Pressure, 58%; Downtrend, 0%.

Visit Marketsmith India to Read More About Indian Share Market News, Daily Market Tips, Model Portfolio etc.

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Colleges and Universities Accreditation Criteria

In the United States colleges and universities are actively looking for accreditation. There are basically two kinds of accreditation which are either institutional or specialized. The US Commission for Higher Education is the one that provides institutional accreditations. The Commission has been developing ways for people to understand the importance of accreditation in the higher education setting in America.

Regional accreditation is a term that is used to refer to educational accreditations that are given by accreditation bodies serving the six defined geographic areas in the country. The accreditation is extended to both public and non-profit private educational institutions in the regional geographical location it serves.

Accreditation is basically a type of quality assurance process where the services and operations of the educational institutions and programs are taken into consideration and to see if the acceptable measures and standards are truly met. If the standards are complied with then the agency issues an accreditation.

The criteria for the accreditation often include standards that the educational institutions are using. The accrediting institution is looking if the college or university is complying with the basic requirements that educational institutions need to have in order to offer such course.

Accreditation commissions are also looking at the facilities that are being offered to students. This form a significant part of the criteria that would get the educational institution accredited. The quality of facilities is important because the students are less likely to get quality education if the facilities are not up to par with the set standards.

Faculty efficiency is also taken in consideration. There should be efficient and credible faculty that will provide the quality instruction that will lead to excellent education. The teachers and instructors should have the necessary credentials and the experience to teach students effectively and raise the bar of the educational standards. It is the guarantee that the students are getting the best education that they deserve and will fully get educated since the faculty and other teaching staff of the college or university is equipped to lay out the foundations of learning.

The college and universities should be able to hurdle evaluations in terms of their ability to extensively offer their programs and have the ability to sustain it for a period of time. This assures the students that the quality is maintained because the programs that the educational institutions are offering are sustainable and able to achieve educational excellence.

Usually educational institutions familiarize themselves with the standards that are set forth and would often spend time to align their facilities and their faculty to improve their chances to get accredited. If the colleges and universities pass the review they will earn an accreditation that is renewable. Some educational institutions are using the accreditation to entice students to enroll in their colleges.

When you are looking for quality education it pays to take a look at accreditation. It gives the students a better idea of what to expect and what they are going to get when they are going to enroll in the institution of their choice.

DegreeDesk – An Educational resource site provides the information on Computer Degree in USA, Psychology Degree, Public Health Degree, and Science Degree in USA and also many other online or on-campus degree from best US colleges.

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Ways to fix Google sync issue

It will be back shortly’. In most cases this error resolves automatically after a few minutes. But if you see Gmail sync experiencing problems frequently then these are a few ways you can try to fix this issue.

1. Auto-sync

Make sure that your Auto-sync is turned on. This will sync your apps and contacts automatically. To check this, go to ‘Settings’ option. Open ‘Accounts’ option. Now click on ‘More’ and check there if your auto sync is on.

2. Sync manually

You can also try to sync manually to fix Google sync experiencing problems issue. To sync your account manually open ‘Settings’ icon. Select ‘Accounts’ option. Now click your Goggle account. Open ‘Account sync’ option and then click on ‘More’. Select the ‘Sync now’ option. See if your account is syncing.

3. Re-add your account

You can also remove your Gmail account from your phone and then re-add it. This will solve minor glitches that might be preventing the account form syncing.

4. Internet connection

Make sure you have an active internet connection. Sometimes our internet is turned on but it does not work. To check if your internet is working, try to load any page on Google. If it loads then you have active internet connectivity otherwise wait for your internet to connect.

5. Update system

Sometimes updating our system can also fix few errors. See if you have an updated version, if not, then update your system and then try to sync your account.

6. Clear cache

Another way to fix the syncing issue is to clear your device’s cache. Many unwanted cache prevents the app from working properly and also creates issues. To avoid this you can clear the cache by going to the settings option of your phone.

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