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Market update 1st June 2020. Indian indices continue their positive streak.

Market update 1st June 2020. Indian indices continue their positive streak.

 

Overall performance:

For the 4th consecutive session, Indian indices ended on a higher note, as government has relaxed certain lock down norms and is ready to start some operations in specific areas (with certain regulations) to revive the economy. When market closed, SENSEX increased by 879.42 points or 2.71%, closing at 33,303.52 and NIFTY was up by 245.85 points or 2.57%, closing at 9,826.15. All the sectors ended on positive note. The S&P BSE midcap index was up by 314.18 points or 2.65%, closing at 12,157.40 and S&P BSE Small cap increased by 330.16 points or 3.03%, closing at 11,222.76 While, NIFTY Midcap 100 closed at 13,684.65 up by 411.65 points or 3.10% and NIFTY Small cap 100 closed at 4,131.10, increased by 128.30 points or 3.21%.

 

Global indices, Commodities and Currency:

When Indian market closed, SGX Nifty was up by 320 points or 3.36% and trading at 9,834.00, NASDAQ was trading at 9,489.87 up by 320 points or 3.36% and CAC was trading at 4,753.87, increased by 1.24% or 58.43 points. While, DAX was trading at 11,586.85 down by 194.28 points or 1.65%.

Currently, Gold is trading at 46,774.00 up by 120 points and 0.26% and Silver is trading at 50,298 up by 180 points and 0.36%. Crude oil is trading at 2,667.00 which is increased by 100 points or 3.90%.

At the time of closing of Indian indices, USD was trading at Rs 75.54, down by 0.10%. EURO was trading at Rs 83.90, down by 0.03% and GBP was trading at Rs 93.51, up by 0.29%.

 

Sector wise performance:

Among the sectors, major jump was seen in Banking, Auto, IT and FMCG sector. The S&P BSE Auto index increased by 450.39 points, S&P BSE Energy was up by 148.52 points or 3.21% and BSE BANKEX was up by 721.13 points or 3.26%. At closing, NIFTY BANK increased by 662.65 points or 3.43%, closing at 19,959.90 while, NIFTY IT increased by 296.60 points or 2.12%, closing at 14,307.10.

 

Top 5 gainers:

Share price of Bajaj Finance increased by 207.20 points or 10.61%, closing at Rs 2160.85, Bajaj Finserv gained 358.30 points or 8.13% and closed at Rs 4,763.20, shares of Titan Company increased by 68.90 points or 7.74%, closing at Rs 958.90. Tata Steel was up by 20 points or 6.78%, closing at Rs 315.20 and Mahindra and Mahindra shares was up by 24.75 points or 5.67% and closed at Rs 461.10.

 

Top 5 losers:

Today, shares which declined the most are from the Pharma sector. Dr Reddys Labs declined by 117.70 points or 2.89%, closing at Rs 3,953.55. Bharti Infratel shares declined by 2.48% or 5.70 points, closing at Rs 224.25. Ultra Tech Cement decreased by 89.15 points or by 2.28%, closing at Rs 3,815.70. Share price of Nestle fell by 357.35 points or 2.04%, closing at Rs 17,183.45 and Sun Pharma declined by 8.85 points or 1.87%, closing at Rs 465.40.

 

Stock in news:

Many stocks today locked in the upper circuit which includes shoppers shop, IDBI Bank, Canara Bank, HEG, Adani Green Energy and KEI industries. Bajaj Finance and Bajaj Finserv were in news as share price of their company increased by 10.61 percent and 8.13 percent, closing at Rs 2160.85 and Rs 4,763.20 respectively. Also, Titan Company gained today more than 68 points, closing at Rs 958.90. While, major decline was seen in stocks such as Dr Reddy Labs and Ultra Tech cement. Other than these stocks, most active stocks in terms of volume were Vodafone idea, SBI, Tata Powers, PNB, NCC, Adani Powers, Bank of Baroda, Axis Bank, Ashok Leyland and IDFC First Bank.

 

 

Trends transforming the automotive industry.

Equity Right

Trends transforming the automotive industry.

Trends transforming the automotive industry.

 

The automobile market is undergoing a profound transition in terms of its far-reaching effect on business and its customers. This estimates the structural transformation of the automobile sector in terms of timescale, complexity, and quantity. One of the industries that has been under extreme stress over the past two years is heading for another turbulent year of falling revenue, growing costs, and ever-present government regulations. Driving is going to be convenient, simpler, cheaper, and safer. At the very same point, the revolution in personal transportation will push the automobile industry to redefine itself to some degree.

 

Electrified:

The move to emission-free transition will become a universal necessity. Electric power used to power cars will gradually come from renewable power to maintain carbon dioxide-free mobility. The shift to emission free human autonomy will not be feasible without the electrification of the running rail. Firstly, there is the problem of local materials. The reality is that vehicles are still producing very small amounts of toxic contaminants, noise, and air pollution. It also suggests that the emission-free effort will be a regional one. The energy used to power cars should come from green sources to guarantee CO2-neutral mobility. After all, the vehicles of tomorrow will not only be a subject of mutual and autonomous proportions but will also be wired and electrified. Owing to the accelerated growth of electric cars, it can be concluded that the overwhelming majority of automobiles will be e-vehicle.

 

Autonomous:

The development of cars that do not need human interaction will reduce the usage of shared transportation systems and give personal transportation to different consumer groups. The exponential advances made in fields such as machine learning and artificial intelligence make it easier to accomplish that appeared impossible – i.e. the creation of automated cars, which do not need human interaction except in complicated traffic scenarios. This will redefine the usage of human mobility channels. It is probably attribute to the reality that the electrified and autonomous aspects are equally compatible. The proportion of shared and automated vehicles in the total road network will improve dramatically.

 

Car sharing:

Properly operated fleets of autonomous cars can lower the cost of transport dramatically by allowing more effective usage of costly mobile infrastructure. Over several years, many metropolitan areas have provided car-sharing services. Although, these are still mostly conducted as pilot projects or citizens’ programs. Exchanging ideas may become commercially feasible with the advent of automated vehicles. It will no longer be appropriate to look for a shared car in the local area. It will be possible to request vehicles anywhere the customer might be via a flexible on-demand platform. Although, station-based ride-sharing indicates that cars will only be obtained from predefined locations. The region of distribution for car-sharing represents the supplier’s market field. Ride-hailing is about taking a ride. This definition is increasing in prominence and will no longer be considered a fringe trend.

 

Demand for smaller cars:

Possible pay reductions, work shortages, declining wages, and no incentives will all cause Indian customers to be suspicious of investing mega-money on new cars. After the lock down is removed, the market for smaller cars like Tiago, Santro, Celerio, and WagonR, etc. will rise. Citizens will usually be suspicious of commuting through public transit if and when they are accessible to the public because of worries of being infected. They will like to drive in their automobiles and will opt to purchase a 2-wheeler or smaller vehicle without needing to pay so much on luxury SUVs, hatchbacks, or sedans. Maruti Suzuki will be the major winner of all of this and will undoubtedly improve its market share by new product releases and price cuts to target the middle-class community.

 

Used cars:

Used vehicles will be the kind of the post-COVID-19 world. A survey revealed that the inquiries for pre-own vehicles multiplied during the lock down time frame. Purchaser viewpoint appeared to be more rounded among the individuals who enquired about used vehicles. 77% of them were happy to proceed with their buy after the lock down. It was noticed that an impressive level of respondents liked to purchase old vehicles because of budget restrictions. The used car would profit most as people switching from a public vehicle to a private vehicle. With India’s auto industry is facing depression for more than a year and the Covid-19 shutdown now expected to deepen and the financial pressure of the mid-income class, used cars might end up being a go-to option.

 

Online portal:

The auto sector registered a major decrease in sales due to COVID-19 and BSVI. In the past few months, several automotive makers have switched to the online platform to improve demand. Hyundai, Honda, BMW, Maruti Suzuki, and others consider that this is an opportunity to reach out to potential customers as additional support to dealers. Automobile manufacturers are offering schemes to help customers easily buy their vehicle in the middle of the lock down. Auto OEMs try to concentrate further on the digital world to boost demand. Most dealerships and retailers will focus on expanding their digital presence, providing pick-up and delivery of cars for service and sale, and giving consumers a smooth shopping interface to achieve loyalty.

 

 

Importance of Financial Literacy.

Equity Right

Fertilizers, Steel, Cement, and Electricity. How these sectors performed in April 2020.

Fertilizers, Steel, Cement, and Electricity. How these sectors performed in April 2020.

 

Fertilizers:

The Fertilizers production observed a fall of 4.5% YoY to 2,748 thousand tones in April 2020. The price of UREA in April 2020 stood at USD $262/MT vs. at USD $248/MT in April 2019. Price of DAP in April 2020 stood at USD $393/MT vs. at USD $424/MT in April 2019. The price of MOP in April 2020 stood at USD $290/MT vs. at USD $240/MT in April 2019.The production of UREA in April 2020 stood at 18.25 LMT vs. 16.51 LMT in April 2019. The estimated target was 17.67 LMT. The imports in April 2020 was observed at 3.40 LMT vs. 1.75 LMT in April 2019. The availability of UREA in April 2020 stood at 25.89 LMT. However, the sales were observed at 20.24 LMT in April 2020 vs. 15.96 LMT in April 2019. The production of DAP in April 2020 stood at 2.60 LMT vs. 4.18 LMT in April 2019. The estimated target was 2.45 LMT. The import in April 2020 observed at 2.62 LMT vs. 5.38 LMT in April 2019. The availability of DAP in April 2020 stood at 12.09 LMT, however, the sales were observed at 6.95 LMT in April 2020 vs. 3.56 LMT in April 2019.

 

Steel:

The Crude steel production stood at 2.752 MT in April 2020 vs. 9.021 MT in April 2019 with a fall of 69.5%. The Finished steel production stood at 1.346 MT in April 2020 vs. 8.753 MT in April 2019 with a fall of 84.6%. The consumption of steel witnessed a fall of 90.9% at 0.699 MT in April 2020 vs. 7.691 MT in April 2019. The Imports of Finished Steel stood at 407 thousand tones in April 2020 vs. 619 thousand tones in April 2019 with a decline of 34.3%. The Export of Finished Steel stood at 429 thousand tones in April 2020 vs. 516 thousand tones in April 2019 with a decline of 16.8%. The total sales turnover of steel from PSU unit in April 2020 from SAIL stood at 855 MT vs. 4537 MT with a fall of 81.2%. For RINL, in April 2020 it stood at 281 MT vs. 993 MT in April 2019 with a fall of 71.7%. For NMDC in April 2020, it stood at 400 MT vs. 750 MT in April 2019 with a fall of 46.7%. For MOIL in April 2020, it stood at 34.47 MT vs. 55.31 MT in April 2019 with a fall of 37.7%.

 

Cement:

The cement sector production stood at 4,077 thousand tons with a decline of 86% in April 2020. It observed a fall of 25.08% compared to the preceding month. The yearly Index for fiscal year 2020 stood at 145.7 vs. 147 in FY19. Some insights of cement sectors is that India is on the 2nd position in production of cement all over the globe as of 31st December 2019. Cement production in FY20 amounted to 334.48 MT. The capacity of cement production is projected to reach 550 MT by 2020. 98% of the overall capacity is from the private sector and the rest from the public sector. Around 70% of India’s total cement output is produced by the top 20 firms. Forecast noted the cement industry will meet the demand of 550-600 MT annually by 2025 as a result of the growing demands from different divisions, such as residential, commercial, and industrial construction.

 

Electricity:

The Total Electricity generation in April 2020 stood at 81,538.34 GWH vs. 1,09,263.44 in April 2019 with a decline of 25%. In April 2020, electricity generation stood at 74% as compared to the same period in the previous year. The Electricity generation in April 2020 from nuclear category stood at 4,144.34 GWH vs. 3,287.32 GWH in April 2019 with an increase of 34.28%. In April 2020, electricity generation from nuclear category stood at 126% as compared to the same period in the previous year. The Electricity generation in April 2020 from the hydro category stood at 9,658.23 GWH vs. 11,072.61 GWH in April 2019 with a fall of 12.77%. In April 2020, electricity generation from the hydro category stood at 87.23% as compared to the same period in previous year.

The Electricity generation in April 2020 from Bhutan IMP category stood at 90.90 GWH vs. 239.70 GWH in April 2019 with a fall of 62.07%. In April 2020, electricity generation from the hydro category stood at 38% as compared to same period in previous year. The Electricity generation in April 2020 from Thermal category stood at 67,644.87 GWH vs. 94,663.81 GWH in April 2019 with a fall of 27.66%. In April 2020, electricity generation from Thermal category stood at 71% as compared to same period in previous year.

 

Core Data of Coal, Crude oil, Natural Gas and Refinery Products sector in April 2020.

Equity Right

Weekly market update (26th May – 29th May).

Weekly market update (26th May – 29th May).

 

Overall Performance:

This week, Indian stock market almost observed a volatile week, but market re-gained in the second half of the week. The S&P BSE SENSEX crossed 32,000 and NIFTY reached 9,550 mark. Even after increasing COVID-19 cases, market recovered due to many reasons such as the increase in institutional buyers, domestic GDP data release and growth of US market this week.

On Tuesday 26th May, SENSEX opened at 30,672.59 and closed at 30,609.30 (down by 63.29) while, on Friday market closed at 32,424.10 up by 90.25 points or 0.95 percent. When compared with opening price on Tuesday, SENSEX gained around 5.7 percent this week. While, on the other hand, NIFTY opened at 9,039.25 and closed at 9,580.30 on Friday, up by 6 percent.

The S&P BSE Mid-cap index gained 5.08 percent and 18 stocks increased around 10 to 30 percent which includes stocks such as Godrej Properties, Jindal steel and powers, Future Retail limited, RBL bank, The Federal Bank and Adani Powers. The S&P BSE Small-cap index gained 3.5 percent in this week and 94 stocks in small cap gained around 10 to 30 percent such as Birla Corporation Ltd, Skipper limited, Subex, Alok Industries, Orient cement and JBF Industries limited.

 

Global indices, commodities and currency:

DAX was trading at 11,462.39 up by 71.11 points or 0.62%, on Tuesday while today it is trading at 11,586.85 down by 194.28 points. NASDAQ was trading at 9,324.59 up by 39.71 points or 0.43% while now it is trading at 9,489.87, up by 120.88 and CAC was trading at 4,594.76, up by 1.21% or 54.85 points, now trading at 4,695.44 down by 75.95 points.

When market closed on Tuesday, Gold was trading at 46,760 down by 218 points and 0.46% and now trading at 46,654. Silver was trading at 48,525 up by 268 points and 0.56% currently trading at 50,118 up by 1,560 points.

On Tuesday, at the time of closing of Indian indices, USD was trading at Rs 75.66 which is now trading at Rs 75.61. EURO was trading at Rs 82.91, currently trading at Rs 83.89 and GBP was trading at Rs 93.09 which is now trading at Rs 93.29.

 

Sector wise:

This week major gains was seen in Banking, Financial and Auto Sector. NIFTY Bank increased by 2,018.35 points (in this week, comparing to the opening price of Tuesday), closed at 19,297.25.

 

Top 5 gainers:

This week, Share price of Zee Entertainment increased by 19.23% or by 29.60 points, closing at Rs 183.55, Eicher Motors gained 17.45% or 2460.85 points, closing at Rs 14,087.60. Shares of Larsen and Tourbo jumped by 13.26 percent or 111.75 points, closing at Rs 932.25. IndusInd Bank share price increased by 46.85 points or 13.51 percent, closing at Rs 393.65 this week, and share price of Coal India gained 16.80 points or 13.49 percent and closed at Rs 141.30.

 

Top 5 losers:

Tata Communications share price fell by 4.72 percent or by 23.60 points and closed at Rs 476.65. This week, share price of CRISIL decreased by 4.42 percent or 63.80 points, closing at Rs 1378.30, and Ashok Leyland fell by 4.17 % or 1.85 points, closing at Rs 42.50 shares. Adani Transmission declined by 3.98 percent or 7.25 points, closing at Rs 174.90 and share price of Edelweiss Financial declined by 3.36% or 1.65 points and closed at Rs 46.05 on Friday.

 

Stocks in news:

28 stocks hit their 52 week low this week which includes IIFL financial services, AU small Bank Finance, Chennai petroleum corporation, Bajaj finance, Union bank of India, India bulls Integrated and power finance Corporation. After google announced to enter in the telecom business in India through Vodafone, shares of Vodafone gained around 18 percent. Birla Corporations increased by 25% after they declared their Q4 results. Shares of Eicher Motors jumped by 17.45% or 2460.85 points after they announced stock split plan and on Friday closed at Rs 14,087.60. Wipro also gained around 12 percent and was in news as they appointed Thierry Delaporte as their new CEO and MD of the company. Other than these stock, most active in terms of volume includes stocks such as Vodafone Idea, Bharti Airtel, IDFC First Bank, Bank of Baroda, Jindal Steel, ITC, ICICI bank, Adani power, Tata power and SBI.

 

 

Market update 29th May 2020. Another positive day for Indian market led by Realty and Pharma stocks.

Equity Right

How to choose the best mutual funds?

How to choose the best mutual funds?

 

Mutual fund is one of the best investment option for a regular investor, where investors can select and invest in a mutual fund scheme according to their financial goals and risk taking capability. However, an investor can directly invest or hire a mutual fund advisor. If an investor is investing directly, they will invest through direct plans of mutual fund scheme and if investor invests through a mutual fund advisor, they will invest in a regular plan of mutual fund scheme.

 

What are the various types of Mutual funds available to investors?

 

1. Equity mutual fund scheme – These funds are directly invested in stocks and returns depends on how these stocks perform over a period of time. These schemes give high returns but are very risky if invested for short term. Investors should invest for long term, at least for five to ten years. There are 10 types of equity mutual fund schemes available based on the capitalization and tenure such as Multi Cap funds, Large Cap funds, Large and Mid-cap funds, Mid Cap Funds, small cap funds, Dividend Yield Funds, Value Funds, Contra Funds, Focused Funds, Sectoral or thematic funds and Equity linked saving schemes (ELSS).

 

2. Debt mutual fund scheme – This MF scheme directly invests in Debt Securities. Investors who want to invest for short term i.e less than 5 years, should invest in these schemes. These schemes are less risky than equity schemes and provide modest returns. There are 16 debt mutual fund schemes based on tenure and returns such as Overnight Funds, Liquid Funds, Ultra short duration funds, low duration Funds, Money Market Funds, Short duration funds, Medium duration funds, Medium to long duration funds, Long duration Funds, Dynamic Bonds, Corporate bond funds, Credit Risk Funds, Banking and PSU funds, Gilt Funds, Gilt funds with ten years duration and Floater funds.

 

3. Hybrid mutual fund scheme – This scheme invests in debt and equity schemes. Investors can select these scheme based on their risk appetite. There are six hybrid mutual funds available based on the allocation and investment pattern such as Conservative hybrid Funds, Balanced Hybrid Funds, Aggressive hybrid Funds, Dynamic Asset Allocation, Multi Asset allocation, Arbitrage Funds and Equity Savings.

 

4. Solution oriented Scheme – These Schemes are especially for a particular solution or goal such as child’s education or retirement. However, they have mandatory lock in period of 5 years.

 

 

Mutual Fund Charges:

Total Expenses which a particular Mutual Fund incurred is known as Expense Ratio and this measures per unit cost of the funds managed. Generally, expense ratio is charged around 1.5 to 2.5 percent of the weekly (average) net asset of schemes.

 

 

How to select best Mutual Funds?

 

1. Know your financial goals and risk appetite – As an investor, one must first analyse his financial goals. Ask questions like, what they are looking for, short term or long term investment? Do they want to go for high risk, high return or low risk medium returns? For what purpose is money needed like retirement or any other specific purpose? Do they need money in near future? Or they want to invest for lock in period? By answering these questions, Investor will get a clear picture of their financial goals.

 

2. Compare the Expense RatioCost of owing some funds can be expensive so choose the lowest possible expense ratio. For example, if one fund has a cost of 0.50 percent while another has a cost of 1.5 percent as an expense ratio. Investors should choose according to the schemes and expense cost.

 

3. Avoid funds which have high turnoverIt is important to see turnover rate for funds, as it impacts the tax rate. It is basically a percentage of the portfolio that is brought and sold in a particular year. Usually, portfolio with more than 50 percent turnover carry higher tax rates.

 

4. Hire Disciplined Management Team – Fund manager should be selected on basis of the past record track and portfolio manager with high talent and experience team should be chosen.

 

5. Select No load Mutual FundThey are basically the fees, which are charged on assets (5% of assets usually). However, not all funds have charges. Investors should choose wisely, no load fund carry no charges and increases overall returns.

 

6. Check historical data and Diversify assets – investors should check historical data, reports and how they have evaluated them. Diversify whole portfolio, because in case an asset does not perform well due to some reasons, other asset class can balance them.

 

 

Some of the best mutual funds:

1. Nippon India US Equity Opportunities FundIt has an expense ratio of 1.5% and has given returns around 15% per annum in 5 years.

2. ICICI Prudential US Blue Chip Equity FundIts expense Ratio is 1.79% and returns of 13.81% Per annum in last 5 years.

3. DSP World Gold Fund – Expense Ratio 1.9% and Returns around 12.81% per annum.

 

 

Automakers come up with unique schemes to push sales.

Equity Right

Automakers come up with unique schemes to push sales.

Automakers come up with unique schemes to push sales.

 

Leading passenger car makers are partnering with NBFC’s and banks to give consumers competitive financing solutions and improve market sales. In the  several early months, a potential customer will choose to pay considerably low installments and afterwards increase the percentage payable at a pre-specified rate.

 

Maruti Suzuki:

Maruti Suzuki India Ltd has collaborated with bankers such as ICICI Bank Ltd to include EMI of a maximum of Rs 899 for the first 3 months of its loan value of Rs 1 lakh. Another scheme lets borrowers pay EMI as small as Rs 1797 per lakh over the term of service, including the last payment where the borrower charges one-fourth of the loan value. The Delhi-based auto manufacturer has also partnered with banks to finance 100 percent of the automobile on-road. The firm has recently collaborated with Cholamandalam, to provide plans in which consumers will not have to pay EMI during the first 2 months. Maruti Suzuki has allied with HDFC Bank’s aim of providing financing options to vehicle buyers. Advantages will include low monthly payments over three months each year, up to 100% on-road financing, etc. This will benefit consumers in the entry-level categories in general. Together under tie-up, consumers can make use of a step-up EMI plus balloon plan with a monthly installment of Rs 1,111 per lakh for a loan period of 84 months.

 

Car leasing:

Maruti Suzuki is currently proposing leasing automobiles to its customers via dealer networks. This change will add optimism to Maruti Suzuki distributors at a time when the company has been under continuous stress owing to decreasing domestic revenues and the financial crisis triggered by the COVID-19 pandemic. This scenario can be suitable for the release of such services by Maruti, as city buyers are likely to favor the vehicle leasing system, rate drop, cost-effectiveness, and less burden on leased automobiles. Innovation presents an interesting alternative for the recovery of demand of purchase of cars in city centres.

 

Hyundai:

In the meantime, Hyundai Motor India Ltd is now offering its automobiles on lease. The car manufacturer considers this scheme to increase demand. The Hyundai Assurance Program will be provided on selected Hyundai car variants bought during May 2020. It will also protect the buyer for a term of 1 year since the date of delivery of the vehicle. They introduced a special and industry-leading EMI Assurance Program. It will offer young buyers of Hyundai employed in private companies complete peace of mind through this period and build optimistic and secure feelings for the purchase of Hyundai vehicles.

 

M&M:

M&M, the manufacturer of Scorpio and Bolero SUV, has now launched car loan plans under which consumers are subject to a 90-day suspension or may pay in 2021. In a 8-year loan period, a 90-day payment moratorium including 100 percent on-road financing, to enable buyers conveniently acquire their cars will be provided in the middle of the lock down. According to the company, the policies provide a 50 percent rebate from the payment charge and the opportunity to “buy now, pay later” for the doctor’s segment, a strong reimbursement program for security officers. While, woman consumers will be entitled to a 10-point reduction on the cost of borrowing. The car manufacturer now gives consumers the option of buying a BSVI-compliant pick-up and charging the same EMI as the BS-IV model while, the SUV buyer will now buy the model now and begin paying the monthly installment from 2021. Also, the firm is selling BS-VI vehicles on the same monthly installation as the previous BS-IV platform. In this program, the EMI for funded vehicles begins with as small as Rs 1,234 per lakh.

 

Volkswagen:

Volkswagen India has announced a leasing and lending service. In a bid to improve demand and render its vehicles available to customers, the German automaker has unveiled different ownership options, including rental and buy-back options. According to the company, new ownership models have been introduced, predicting that consumers are progressively looking at personal travel through mass transit and car-sharing. Such new initiatives can be used across every dealer network. Whereas, the rental period can vary from 2 to 4 years. Clients can also make use of zero down payment together with premiums, servicing and some other costs provided by the scheme. The lease program also offers buyers the ability to switch to certain Volkswagen vehicles. Although, Tiguan and Vento can be purchased under the promised buy-back program, the business has indicated that more versions will be put within this scheme.

 

Nissan:

Nissan has also launched Buy Now-Pay Later from January 2021 on selected models.

 

Tata Motors:

Under its latest Keys of Safety financing system, Tata Motors revealed a personalized EMI program for its Tiago model starting at Rs 5,000 per month for 6 months. As per the update, the EMI sum is slowly raised over a cumulative duration of 5 years. Consumers can select between three choices before waiting for their final EMI. Also providing 100% on-road financing for the full line of automobiles and SUVs.

 

Skoda:

Skoda Auto India and Toyota Kirloskar Motor claim to give pre-qualified buyers a zero own payment plan. Even though Toyota has extended the offer to pick customers depending on their credit scores, Skoda is now extending the EMI vacation to four months to six months.

 

Honda:

Honda Cars India give cash discounts of up to Rs 1 lakh on specific variants.

 

 

 

Fertilizers, Steel, Cement, and Electricity. How these sectors performed in April 2020.

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Coal, Crude oil, Natural Gas and Refinery Products. How these sectors performed in April 2020.

Coal, Crude oil, Natural Gas and Refinery Products. How these sectors performed in April 2020.

 

Coal:

The production of coal in April stood at 47 MT with a fall of 15.46% vs 4% in March 2020. The imports of coal decreased by 29.1% at ₹18.65 MT in April 2020, whereas in April 2019 it stood at 26.34 MT. The fall in the month of April 2020 is due to rise of the pandemic. The coal imports observed a fall of 6.18% in April 2020 over the preceding month. Out of the total imports of coal in April 2020, the volume of non-coking coal stood at 13.05 MT vs. 13.6 MT in the preceding month whereas the volume of cooking imports coal stood at 3.3 MT in April 2020. The total coal import for FY20 stood at 247.1 MT vs. 235.35 MT in FY19, with an increase of 5%. The key coal consumption sector is struggling with poor demand as a result of the lock down and the low capacity of plants. This resulted in a decline of demand for coal. In order to raise coal demand, the government has announced a range of steps such as an expanded availability of dry fuel for linkage consumers. It has also announced a number of relief measures, including the power sector, for CIL consumers.

 

Crude oil:

The production of crude oil in April 2020 stood at 2.5 MT vs. 2.7 MT in April 2019 with a fall of 6.35%. The production in April was 1.44% less than the monthly target. The target was 2,583.03 TMT whereas production was of 2,545.81 TMT. Crude oil production by ONGC stood at 1,681.77 TMT in April 2020 vs. 1,690.78 TMT in April 2019 with a fall of 0.53%. It was less by 0.65% to achieve the monthly target of 1,692.83 TMT in April 2020. Crude oil production by Oil India Limited stood at 248.25 TMT in April 2020 vs. 250.52 TMT in April 2019 with a fall of 6.39%. It was less by 0.9% to achieve the monthly target of 250.52 TMT in April 2020. Crude oil production by PSC Fields stood at 615.80 TMT in April 2020 vs. 639.68 TMT in April 2019 with a fall of 19.25%. It was less by 3.73% to achieve the monthly target of 639.68 TMT in April 2020.

 

Natural Gas:

The production of Natural gas in April 2020 stood at 2,161.33 MMSCM vs. 2,655.89 MMSCM in April 2019 with a fall of 10.88%. The production in April was 10.88% less than the monthly target, the target was 2,425.32 MMSCM. Natural gas production by ONGC stood at 1,725.69 MMSCM in April 2020 vs. 2,037.71 MMSCM in April 2019 with a fall of 15.31%. It was less by 12.73% to achieve the monthly target of 1,977.42 MMSCM in April 2020. Natural gas production by Oil India Limited stood at 202.05 MMSCM in April 2020 vs. 224.49 MMSCM in April 2019 with a fall of 9.9%. It was less by 4.64% to achieve the monthly target of 211.88 MMSCM in April 2020. Natural gas production by PSC Fields stood at 233.59 MMSCM in April 2020 vs. 393.70 MMSCM in April 2019 with a fall of 40.67%. It was less by 1.03% to achieve the monthly target of 236.02 MMSCM in April 2020.

 

Refinery Products:

The production of Refinery products in April 2020 stood at 14,745.18 MT vs. 2,20,703.06 MT in April 2019 with a fall of 28.78%. The production in April was 22.01% less than the monthly target, the target was 18907.44 TMT. Refinery Products production by CPSE Refineries stood at 7,103.76 TMT in April 2020 vs. 11,263.33 TMT in April 2019 with a fall of 36.93%. It was less by 28.91% to achieve the monthly target of 9,992.36 TMT in April 2020. Refinery Products production by JV Refineries stood at 925.13 TMT in April 2020 vs. 1,721.66 TMT in April 2019 with a fall of 46.26%. It was less by 22.71% to achieve the monthly target of 1197 TMT in April 2020. Refinery Products production by Private Refineries stood at 6,716.28 TMT in April 2020 vs. 7,718.08 TMT in April 2019 with a fall of 12.98%. It was less by 12.98% to achieve the monthly target of 7,718 TMT in April 2020.

 

 

Weekly market update (26th May – 29th May).

Equity Right

Market update 29th May 2020. Another positive day for Indian market led by Realty and Pharma stocks.

Market update 29th May 2020. Another positive day for Indian market led by Realty and Pharma stocks.

 

Overall performance:

Today, Indian indices ended on a positive note for the third consecutive day. SENSEX crossed 32,000 and NIFTY ended above 9,500. Almost all sectors gained and ended on a high note. While market closed, SENSEX was up by 223.51 points or 0.69%, closing at 32,424.10 and NIFTY was up by 90.20 points or 0.95%, closing at 9,580.30. The S&P BSE midcap index was up by 221.16 points or 1.90%, closing at 11,843.22 and S&P BSE Small cap increased by 123.26 points or 1.14%, closing at 10,892.60. NIFTY Midcap 100 closed at 13,273 up by 143.05 points or 1.09% and NIFTY Small cap 100 closed at 4,002.80, up by 34.30 points or 0.86%.

 

Global indices and commodities:

When Indian market closed, DAX was trading at 11,650.88 down by 130.25 points or 1.11%. NASDAQ was trading at 9,368.99 down by 43.37 points or 0.46% and CAC was trading at 4,738.30, down by 0.69% or 33.09 points. While, SGX Nifty was up by 36.00 points or 0.38% and trading at 9,496. Currently, Gold is trading at 46,550 up by 145 points and 0.31%, Silver is trading at 48,802 increased by 240 points and 0.49% and Crude oil is trading at 2,479 which is down by 103 points or 3.95%.

 

Currency:

At the time of closing of Indian indices, almost all the currencies were trading at a lower note. USD was trading at Rs 75.62, down by 0.17% or 0.13 points and GBP was trading at Rs 92.87, down by 0.34% or 0.32 points. While, EURO was trading at Rs 84.06, up by 0.32% or 0.26 points.

 

Sector Wise:

Today, almost all other sectors ended on higher note, expect for the IT sector. The S&P BSE Auto index increased by 229.95 points or by 1.66%, closing at 14,094.69 and S&P BSE Energy increased by 38.71 points or 0.84% and closed at 4,620.96. While BSE IT fell by 0.97% or 137.55 points and closed at 14,067.30. At closing, NIFTY BANK was up by 127.45 points or 0.66%, closing at 19,297.25 and NIFTY Pharma gained 304.10 points or 3.21%, closing at 9,768.60. NIFTY IT declined by 18.10 points or 0.13% and closed at 14,010.50.

 

Top 5 gainers:

Share price of IOC increased by 5.50 points or 7.08%, closing at Rs 83.20, Wipro which was declining for last few days, gained 13.45 points or 6.75% and closed at Rs 212.80. Coal India shares increased by 7.40 points or 5.53%, closing at Rs 141.30. ONGC increased by 4.35 points or 5.52%, closing at Rs 83.20 and BPCL shares was up by 16.35 points or 5.01% and closed at Rs 342.80.

 

Top 5 losers:

Today, Adani Ports declined by 8.00 points or 2.41%, closing at Rs 323.80. Shares of Infosys declined by 2.32% or 16.40 points, closing at Rs 691.00. Bharti Airtel decreased by 10.15 points or by 1.80%, closing at Rs 552.60. Share price of TCS fell by 31.95 points or 1.59%, closing at Rs 1972.35, Axis Bank declined by 6.00 points or 1.53%, closing at Rs 384.95. Titan company shares which are declining since last few days, today fell by 9.45 points or 1.05% and closed at Rs 890.

 

Stock in news:

Today, shares of all the sectors except for IT ended on higher note. IOC was in news as share price of the company increased by 7.08 percent and closed at Rs 83.20. Wipro shares were in news as they gained more than 6 percent and closed at Rs 212.80. Infosys was in news because their shares declined by 16.40 points and was one of the top losers, closing at Rs 691.35. Other than these stocks, most active stocks were Vodafone idea, Tata Power, BHEL, Tata Motor, Federal Bank, SBI, ITC, Bank of Baroda, ICICI Bank and Ashok Leyland in terms of volume.

 

 

Market Update 28th May 2020. Market record gains for second consecutive day.

Equity Right

Market Update 28th May 2020. Market record gains for second consecutive day.

Market Update 28th May 2020. Market record gains for second consecutive day.

 

Overall performance:

Today, for the second consecutive day Indian indices ended on higher note. When market closed, SENSEX was up by 595.37 points or 1.88%, closing at 32,200.59 and NIFTY was up by 175.15 points or 1.88%, closing at 9,490.10. The S&P BSE midcap index was up by 154.23 points or 1.34%, closing at 11,622.06 and S&P BSE Small cap increased by 150.33 points or 1.42%, closing at 10,769.34. NIFTY Midcap 100 was up by 218.70 points or 1.69%, closing at 13,129.95 and NIFTY Small cap 100 closed at 3,968.50, up by 62.90 points or 1.61%.

 

Global indices and commodites:

When Indian market closed, DAX was trading at 11,686.39 up by 28.70 points or 0.25%. NASDAQ was trading at 9,412.36 up by 72.14 points or 0.77% and CAC was trading at 4,710.97, up by 0.47% or 22.23 points. While, SGX Nifty was up by 177 points or 1.87% and trading at 9,460.00. Currently, Gold is trading at 46,677 up by 146 points and 0.31%, Silver is trading at 48,671 up by 281 points and 0.58%. Crude oil is trading at 2,450.00, down by 62 points or 2.47%.

 

Currency:

At the closing time of Indian indices, USD was trading at Rs 75.74, up by 0.04% or 0.03 points. EURO was trading at 83.45, down by 0.08% or 0.07points and GBP was trading at 92.90, down by 0.09% or 0.08 points.

 

Sector:

Today, almost all other sectors ended on a high note. The S&P BSE Auto index increased by 474.21 points or by 3.54%, closing at 13,864.74 and BSE Bankex gained 505.58 points or 2.35%. While, S&P BSE Health care was up by 9.27 points or 0.06%. When market closed, NIFTY BANK was up by 459.25 points or 2.45%, closing at 19,169.80, NIFTY IT increased by 75.70 points or 0.54%, closing at 14,028.60 and NIFTY Auto increased by 215.35 points, closing at 6,112.30. While, NIFTY fin service ganed 245.15 points and closed at 9,464.65.

 

Top 5 gainers:

Today, share price of Zee Entertainment increased by 16.25 points or 9.88%, closing at Rs 180.70, Eicher Motors gained 1,269.55 points or 8.48% and closed at Rs 16,236.50. Larsen shares increased by 54.65 points or 6.42%, closing at Rs 905.50. Share price of Hero MotoCorp increased by 122.45 points or 5.63%, closing at Rs 2,298.10. IndusInd Bank was up by 17.90 points or 4.85% and closed at Rs 386.85 and HDFC Bank gained by 41.60 points or 4.60%, closing at Rs 945.25.

 

Top 5 losers:

Today, most stocks in the top losers declined by less than 1%. Shares of Wipro declined by 1.90 points or 0.94%, closing at Rs 199.35. BPCL decreased by 3 points or 0.91%, closing at Rs 326.45. ITC shares fell by 1.50 points or by 0.78%, closing at Rs 190.65, share price of Cipla, which is declining from last few days, today fell by 4.70 points or 0.74%, closing at Rs 628.35 and JSW Steel shares declined by 0.65 points or 0.35%, closing at Rs 184.15.

 

Stock in news:

Most active stock by volume were stocks such as Vodafone Idea, Tata Motors, ICICI Bank, IDFC First Bank, Axis Bank, ITC, Motherson Sumi, Adani power, Tata power, BHEL and SBI. Today, most of the stocks gained as almost all the indices ended on a positive note. Eicher Motors was in news as their shares gained more than 1,269 points and closed at Rs 16,236.50. Other stock in news due to the increasing points was Hero MotoCorp. It increased by 122.45 points and closed at Rs 905.50.

 

 

Market update 27th May 2020. Nifty, Sensex witness the best trading day of May.

Equity Rght

Market update 27th May 2020. Nifty, Sensex witness the best trading day of May.

Market update 27th May 2020. Nifty, Sensex witness the best trading day of May.

 

Overall performance:

Today, Indian indices ended on strong note with NIFTY above 9,300 and SENSEX crossed 31,000 mark supported by banking stocks. When market closed, SENSEX was up by 995.92 points or 3.25%, closing at 31,605.22 and NIFTY was up by 285.90 points or 3.17%, closing at 9,314.95. The S&P BSE midcap index was up by 61.25 points or 0.54%, closing at 11,467.83 and S&P BSE Small cap increased by 28.59 points or 0.27%, closing at 10,619.01. NIFTY Midcap 100 closed at 12,911.25, up by 75.60 points or 0.59%, closing at 12,911.25 and NIFTY Small cap 100 closed at 3,905.60, up by 25.40 points or 0.65%.

 

Global indices and commodities:

When Indian market closed, DAX was trading at 11,694.73 up by 190.08 points or 1.65%. NASDAQ was trading at 9,340.22 up by 15.63 points or 0.17% and CAC was trading at 4,685.20, up by 1.71% or 4,687.35 points. While, SGX Nifty was up by 275.50 points or 3.05% and trading at 9,297. Currently, Gold is trading at 46,105 down by 217 points and 0.47%, Silver is trading at 47,900 up by 79 points and 0.17% and Crude oil is trading at 2,574.

 

Currency:

At the closing time of Indian indices, almost all the currencies were trading on a high note. USD was trading at Rs 75.72, up by 0.07% or 0.05 points. EURO was trading at 83.34, up by 0.63% or 0.52 points and GBP was trading at Rs 93.22, up by 0.22% or 0.21 points.

 

Sector:

Today, almost all other sectors ended on higher note, expect for Pharma sector. The S&P BSE Auto index increased by 110.43 points or by 0.83%, closing at 13,390.53 and BSE Bankex gained 1,465.45 points or 7.31%. While, S&P BSE Health care fell by 129.96 points or 0.84%. When market closed, NIFTY BANK was up by 1,270.20 points or 7.28%, closing at 18,710.55. NIFTY IT increased by 377.95 points or 2.78%, closing at 13,952.90 and NIFTY Auto increased by 42.65 points, closing at 5,896.95. While, NIFTY Pharma fell by 19.80 points and closed at 9,463.70.

 

Top 5 gainers:

Today, banking and financial sector performed well as most of the gainers are from banking sector. Share price of Axis bank increased by 45.70 points or 13.39%, closing at Rs 387, ICICI Bank gained 26.15 points or 8.93% and closed at Rs 318.85. Wipro shares increased by 12.45 points or 6.59%, closing at Rs 201.25. Share price of Grasim gained 34 points or 6.38%, closing at Rs 566.65, HDFC Bank was up by 51.25 points or 6.01% and closed at Rs 903.65 and Bajaj Finance increased by 107.45 points, closing at Rs 1936.45.

 

Top 5 losers:

Today, Sun Pharma declined by 8.25 points or 1.80%, closing at Rs 450.90. Ultra tech cement which is increasing from last few days, today declined by 1.55% or 58.60 points, closing at Rs 3,727.40, Shree Cements decreased by 189.75 points or by 0.92%, closing at Rs 20,477.55. Share price of Titan Company fell by 6.90 points or 0.77%, closing at Rs 885.85 and Asian Paints shares declined by 10.40 points or 0.64%, closing at Rs 1,619.45.

 

Stock in news:

Most active stock by volume were stocks such as Vodafone Idea, ICICI Bank, IDFC First Bank, Axis Bank, ITC, Adani power, Tata power, BHEL and SBI. Today most of the stocks of banking sectors were in news as their stocks hiked over 8%, which includes stocks such as Axis bank which increased by 13.39%, closing at Rs 387. ICICI Bank increased by 8.93% and closed at Rs 318.85.

 

 

Market Update 26th May 2020. Pharma and IT stocks decline.