Business, Equities - July 7, 2022

How do stocks work?

Being mindful about stocks and how they function is essential for strong returns on investment. This will provide substantial financial benefits. Wisely spending your capital is extremely necessary to achieve monetary prosperity and financial goals. It is possible that if you are working on an investment strategy, it will probably include some form of stocks. The stock markets historical success makes this type of investment so common. The S&P 500 index recorded an average return of 9.7% between 1930 and 2013. Although, this includes years and exceptional years which are extremely tough. This high average return on investments in stocks provides a strong basis for buying them.

Stock market investment can look like a scary task. However, as soon as concepts are learned and the right strategies are implemented, the benefits are significant. While there are many vehicles for stock exposure such as mutual funds and ETFs which do not actually require investors to pick up their stocks from the market. However, it remains necessary to understand what stocks are and what they work to achieve when investing.

Straightforward meaning of equity stocks:

Stocks are equity investments that constitute a company’s ownership. If you buy the stock of a particular company, it includes certain rights.

Companies sell shares to collect substantial capital amounts. This capital is then used to fund various projects. This ultimately leads to the growth of business and generate a return for investors and revenue for the company. When a company wants to go public, it must also choose 1-4 separate letters for the distinctive identification called stock ticker symbols. Companies can sometimes even become creative when choosing their ticker symbols.

The stock price of a public company is simply a determination of the value of the company by the market. This value depends among other things, on its assets, current profits, and expected future profits. While raising capital, stock offerings is a great way for a business to grow quickly and expand rapidly. However, there are also disadvantages. In addition to the high charges paid for exchange listing, public firms have to disclose their financial reports as per the rules and regulations.

Categories of stocks viz. Common and Preferred:

Common stock offers you a part and voting rights of the company. With common stock, you aim for capital gains together with dividend collection. However, companies are not obligated to pay dividend to common shareholders. A dividend is a distribution of some amount from total revenue to shareholders or a kind of investment reward.

However, the preferred stock works somewhat differently. The preferential stock does not give you any voting rights. The preferred stock guarantees you more return as compared to common stock. For example, if a corporation pays a dividend, it must first pay its preferred shareholders. Dividends are first paid to preferred shareholders and then to common shareholders. Unless the company cannot pay the dividend in one year on preferred stock, it will proceed to pay it in the future years. They have a right to claim on firms assets in any uncertainty if the firm comes in a position of bankruptcy. Preferred share owners have more significance than common shareholders.

Common stocks are more riskier than preferred stocks. Portfolio must include a perfect blend of both common and preferential share.

Taxation on stocks:

After 1st September 2004, any buying and selling of securities will include the Security Transaction Tax (STT) applied to them. STT is payable on stock trading in India. Inventory income sold within 1 year from the date of acquisition is considered to be STCG. STCG is obliged to taxes and is taxed at 10%. If short-term capital losses are incurred, then it can be compensated for short-term gains in the same financial year. Benefit from stocks sold after 1 year comes in LTCG. Since 1st September 2004, long-term capital gains have been exempt from tax. Long term capital loss is considered to be a loss on inventories sold after one year from the date of purchase. Long term capital losses cannot be substituted with long term capital gains.

Adani Wilmar enters the coveted large-cap category by AMFI

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Why gold funds saw a record weekly inflow — and what it signals for Indian investors

Business, Commodities, Economy, Equities, Expert Views, Investor Forum, Markets - July 31, 2020

What are Gold funds and what are the benefits?

What are Gold Funds and what are its benefits?

Gold funds are unique type of mutual funds, through which investors can invest directly or indirectly in Gold Reserves. They can invest in the gold producing stocks, mining company stocks or in physical gold. Gold funds are the most convenient asset to invest, without the risk of theft or paper work as they are in digital form. This fund is kind of an open ended investment, where investor can issue or redeem at any point of time based on the units which they hold. However, their price directly depends on the metal (gold). Some investors use gold funds to hedge and diversify their portfolio and protect against uncertain economic condition. Many investors diversify around 10 to 20 percent of their portfolio by investing in gold funds. Golds funds are regulated by the SEBI and it is ideal for investors who are risk averse.

Types of gold funds available across globe for investors:

Gold Mining Funds:

In this, funds are invested in stocks of the mining companies and returns depends on the performance of these stocks. However, investment does not get affected due to any fluctuation in economy as gold price is affected mainly due to the fluctuation in demand and supply of gold. Gold exchange traded funds were first introduced by Benchmark Asset Company in India. This funds basically invest in the gold through Demat account. Returns and value of the investments totally depend on the price of gold. Investment in Gold Fund of Fund is same as exchange traded funds as in this, investments are made in particular unit of the Exchange traded funds without opening the Demat account.

Main purpose of Gold Funds:

Main purpose for investors to invest in gold funds is to grow their investment value and create wealth in whatever period the investment is made with protection against the market fluctuation. Price of Underlying asset varies according to change in demand of gold and at the time of maturity returns are calculated on current gold price. If gold price is increased, it gives more returns at the time of redemption.

What are tax charges for Gold Funds?

Normally, the tax which is charged on the Gold Jewellery is applicable to the Gold Mutual Funds schemes. But, taxes also vary according to the tenure. If investments are made for less than three years than revenue is added to the total gross income and considered as short term. But if investments are made for more than three years than 20 percent tax is applicable with indexation norms and CESS charges. However, if capital gains is through exchange traded funds (Gold ETFs), tax exempt is given. No TDS is applicable to Golds Mutual funds. During the time of buying or selling of funds, same tax is applicable as on Gold Jewellery.

Benefits of Gold Funds:

Flexibility in investment:

Gold funds allows investors to invest according to their convenience, comparing to the physical purchase of the gold. Investment can be made as low as Rs 500 and even small income class can also invest in this fund rather than purchasing physical gold which costs higher than these funds and gives flexibility. Gold mutual funds are one of the safest investment as these funds are regulated by Security exchange board of India and they continuously monitors the performance of this type of funds so that investors can analyse their future returns. Gold Funds are also safer than holding physical assets (Gold) as it is in de-materialized form.

Highly liquid:

Gold funds are high liquid funds as investors can redeem them in short term and are also protected against the uncertain economic situation. However, during market hours only, it can be buy or sell and net asset value of previous day is considered at the time of selling and trade is offset in one or two working day. To balance the overall portfolio, investor may always choose gold funds. Gold price is not directly affected to one investor’s overall investment and stocks in which investment is made. Gold fund is considered as one of the safest investment with good returns.

Some finest Gold Mutual Funds in India:

Axis Gold Funds has given return in a year up to 26% and for 3 to 5 year period 4%.
SBI Funds has given returns up to 22% in a year and 6% in 5 years.
HDFC Gold Fund has given returns of 22% in a year and 6% in 5 year period.

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HUDCO Q3FY25 Results Update: Robust Performance Drives Strong Growth

Business, Economy, Equities, Investor Forum, Market News, Markets - July 26, 2020

Importance of Financial Literacy. Why it is a must have today

Importance of Financial Literacy.

One of the main concern is Financial literacy in this present situation, as it is directly affects the country’s economic development. India stands way behind in financial literacy level comparing to other countries. As per the media reports, India accounts for nearly 20% of the world’s population, but 76% of India’s adult population is not even mindful of the simple financial theories. It discloses that financial literacy is very low in India vs. the rest of the world.

Financial literacy, like other developed nations, has still not been a priority in India. The lack of basic financial knowledge contributes to deprived investment and decision-making. Thus a maximum of Indian people invest in plans which have short maturity and physical assets to achieve their personal goals, which offer fewer benefits and do not contribute to the country’s economic growth.

As per the media reports, nearly 76% of Indian adults do not grasp the fundamental financial principles and are thus financially illiterate. The studies suggest that India always had a low rate of financial literacy relative to the rest of the world. In fact, we are still far behind other countries and now is the time for developing countries like India to realize the value of financial literacy.

Why it is Important?

It is important because it will help us to know how money is to be invested and handled and how it can be used in ways that makes a person financially more secure in the future.

Justification for its importance is as follows:

Value of money:

Firstly, it is very imperative for all of us to know the value of money. This will help us to handle our finances efficiently. Financial literacy will teach us the importance of saving and appropriately budgeting the funds. We should not waste our money on unnecessary and expensive products. We can understand better, the difference between our wishes and needs and we should prioritize things in our daily lives according to our quintessence.

Keep the Debt in Control:

Being financially literate will help us to have a proper check-in our debt. Too much debt will make us profoundly troubled. If we are financially competent, we can decide how debt can be afforded and will be able to pay off timely, especially if we have mortgage and insurance bills. This will teach us to plan for the education and future needs of our children as well as medical and hospital expenses without the need to lend money.

Imparting financial Knowledge among Youngsters:

Being financially aware will enable us to protect the future of the coming generation. We should teach them how to make budgets and save for years to come. They will also understand how their parents work hard to fulfill all their needs, even at their young age. In making them understand the importance of financial literacy, responsibility and reverence for their parents will also be taught. This will also help them realize that they will be financially secure as soon as they age. Imparting financial knowledge will help them to be more responsible and street-smart.

To be ready for any kind of uncertainties and to add other income streams:

We face emergencies that need cash, or resources to sustain or overcome our financial and emotional crises. In times like these, being financially educated saves us the trouble of borrowing money, which only brings us more problems. Financial literacy will benefit us to invest in stocks and develop more income sources besides our salaries. The creation of multiple revenue streams gives us the buoyancy that financial crises can survive.

Assistance in old-age:

If you are financially literate at a young age, you will be stress-free for the rest of the life, as all the provisions to secure the future would be initiated earlier itself. An appropriate retirement and pension plan at the age to 30 will be rewarding for an entire life.

Works as a helping hand:

If we spend a certain amount of money for instance we invest in stocks, we assist the company’s business to expand. This will generate more jobs and will help the company to generate more profits. This results in improving jobs and helps to create a more progressive nation. Being financially stable gives us the opportunity to share our blessings with the poor. Helping others brings us an overwhelming feeling of fulfillment.

How co-working spaces can restart post lock down.

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IREDA Bonds Gain Tax Benefits to Promote Green Energy

Equities - July 15, 2020

Corporate bond funds: A mix of risks and returns.

Corporate bond funds: A mix of risks and returns.

Investors in debt funds have been worried in the past few years, considering the uncertainty in the market. Investors want to allocate their money in schemes which have less volatility and provides decent gains. Banking bond schemes and Public Sector Undertaking Bonds (PSU Bonds) schemes are the preferred sectors by the debt fund investors. Nonetheless, corporate bond funds can also be worth investing. As of April 2020, corporate bond funds approximately have ₹86,000 crore in assets under management.

Mistakes committed while investing:

For more than two decades, debt funds invested in bonds issued by corporations have been in existence. But in the long run while chasing for high returns, some debt funds are invested in the instruments which have low credit rating and did not perform well over a period of time. In fact, a small part of the portfolio invested in such securities which really has a good strategy. However, a credit risk overload in the portfolio will harm if the underlying bonds fail to repay interest or principal.

Corporate bond funds:

As part of its reclassification exercise, the Securities Exchange Board of India (SEBI) tightened the concept of debt fund categories. Thus, corporate bond funds have been separately developed as a group. They are a more secure group of debt funds. Most schemes are open-ended and invest primarily in highly rated corporate bonds like AA+ and contributes almost 80% in the portfolio of investors. Looking at Corporate bond funds as a category, these type of funds fetched 8.8% return in the timeline of one year.

Corporate bond funds vs Public Sector Undertaking Bonds (PSU Bonds) vs Banking bond schemes:

Corporate bond funds, Public Sector Undertaking Bonds (PSU Bonds) and bond schemes issued by banks, all three categories create a safe bunch of investments in debt funds. However, all the three categories are not similar and have their own characteristics. Banking & PSU Debt funds must be invested in the bonds issued by banks and bonds from public sector undertakings (PSUs). Banking & PSU Debt funds may also invest in bonds issued by the banks and public sector undertakings (PSUs) with a lower credit rating.

In case of corporate bond funds, the sector is not restricted but investment in bonds with ratings below AA+ has been strictly limited by the regulator to 20% of the scheme. Obviously, comparatively higher ratings do not mean that returns are guaranteed or credit incidents will not take place. But the probability is very less. In the wake of Covid-19, the country is under lock down and many corporates are suffering due to market failure and poor liquidity. Although, Indian government made various provisions for the revival of economy as well as banking sector.

Reserve bank of India (RBI) made provisions like providing money to banks which further they can lend to corporates. But the truth is, companies which have low credit ratings find it difficult as banks hesitate to lend money to them. Therefore, it is rational for investors to stick to funds invested in top-rated bonds. Corporate bond investments fetch almost more 100 basis points than government bonds compared to returns on top-rated corporate bonds with the same maturity period.

Precautions before investing:

Past returns and performance offer a sense of the scheme’s success. However, search the portfolios for the risks involved. Unless the fund has a paper exposure below AA+, there is an increased risk. The Nippon India Prime Debt Fund, for example, has 5.5% exposure to A rated bonds. On the credit side, some funds can take limited or no risks. However, they may be at risk by investing in long-term government bonds and corporate securities. The L&T triple ace bond fund, for instance, has been updated over a 5.36-year cycle.

While the UTI Corporate Bond Fund has changed over a 3.73-year period as of 31st April, 2020. These funds show strong numbers in the declining interest regime, such as the one we are in, as portfolio bond prices are growing. However, if the tide turns, such schemes may see silent returns unless fund managers properly churn out the portfolio.

Invest in a fairly short-term and high credit quality fund if investors wants to shrink the risk. Capital gains earned from assets held for more than 3 years in corporate bond funds are taxed at 20% after indexation benefits. Then the profits would be added to the income of the investors and taxed at a marginal rate. In a nutshell, it is always better to do your own research before investing into any schemes this will help an investor to get the clear idea about the scheme and also the expected future gains.

Market update 19th May 2020. Vodafone Idea rises 17%

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Godha Cabcon & Insulation Reports Q1 2026 Results

Commodities, Currency, Equities, Market News, Markets - June 16, 2020

Market update 16th June 2020. Market surges despite volatility. HDFC twins top gainers.

Market update 16th June 2020. Market surges despite volatility. HDFC twins top gainers.

Overall performance:

Today, Indian indices witnessed volatile trade due to improving performance of global cues and closed on a positive note. Selling pressure was seen in FMCG, Infra, Energy and Pharma stocks but IT and Metal stocks outperformed. When market closed, SENSEX increased by 376.42 points or 1.13%, closing at 33,605.22 and NIFTY was up by 100.30 points or 1.02%, closing at 9,914.00. The S&P BSE midcap index was up by 46.34 points or 0.37%, closing at 12,501.29 and S&P BSE Small cap increased by 4.77 points or 0.04 %, closing at 11,849.62. While, NIFTY Midcap 100 closed at 14,230.60, up by 62.05 points or 0.44% and NIFTY Small cap 100 closed at 4,404.75 and decreased by 4.85 points or 0.11%.

Global indices and commodities:

When Indian market closed, almost all the global indices were trading at a positive note. DAX was up by 328.98 points or 2.76%, trading at 12,240.33 and CAC was trading at 4,923.46, up by 107.74 points or 2.24%. SGX Nifty was trading at 9,881.50 and increased by 0.87% or 85.00 points. While, NASDAQ was trading at 9,726.02, up by 85.00 points or 0.87%.

Currently, Gold is trading at 47,350.00 up by 324.00 points or 0.67%, Silver is trading at 47,910.00 up by 517.00 points and 1.09%. Crude oil is trading at 2,859.00, which increased by 74.00 points or 2.66%.

Currency:

At the closing time of Indian indices, almost all the currencies were trading at a positive note. USD was trading at Rs 76.21, increased by 0.25%. EURO was trading at Rs 86.10, up by 0.13% and GBP was trading at Rs 96.21, up by 0.51%.

Sector wise performance:

Among the sectors, major jump was seen in Banking, Auto, IT, and Metal sector while major losses was booked by FMCG and Pharma Stocks. The S&P BSE Auto index increased by 9.74 points or 0.07% and S&P BSE BANKEX was up by 441.83 points or 1.95%. S&P BSE IT was up by 135.73 points or 0.95% and BSE IT was up by 135.73 points. NIFTY BANK increased by 383.80 points or 1.93%, closing at 20,296.70 and NIFTY Auto was up by 8.05 points or 0.12%. While, NIFTY IT increased by 54.10 points or 0.38%, closing at 14,450.80 and NIFTY FMCG fell by 126.45 points or 0.44%.

Top 5 gainers:

Share price of HDFC Bank increased by 40.55 points or 4.27%, closing at Rs 990.40, HDFC gained 70.25 points or 4.01% and closed at Rs 1,891.90. ICICI Bank shares increased by 11.85 points or 3.58%, closing at Rs 342.95. JSW Steel was up by 6.30 points or 3.43%, closing at Rs 190.05 and Hindalco shares increased by 4.30 points or 2.95% and closed at Rs 150.10.

Top 5 losers:

Today, Tata Motors shares declined by 5.75 points or 5.72%, closing at Rs 94.75. Bharti Infratel shares declined by 6.90 points or 3.10 percent, closing at Rs 216.00. Tech Mahindra decreased by 15.50 points or by 2.82%, closing at Rs 533.30. Share price of GAIL fell by 2.15 points or 2.16%, closing at Rs 97.50 and Axis Bank declined by 8.05 points or 2.07%, closing at Rs 381.55.

Stock in news:

Most active stocks in terms of volume were Vodafone idea, Tata Motors, SBI, IndusInd Bank, SAIL, Federal Bank, BHEL, IDFC First Bank, Bank of Baroda, Axis Bank, RBL Bank and PNB. Today, HDFC Twins were in news as both HDFC and HDFC Bank gained more than 4 percent. Tata Motors was in news as after they announced their Quarter 4 Results,. Their share price declined by more than 5 percent and was one of the top losers today, closing at Rs 94.75. IT sector ended on positive note and IT stocks like TCS and Infosys increased around 1 to 2 percent.

Market update 15th June 2020. Market closes on a negative note for third consecutive session.

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India Inc: Navigating a Challenging Q2 with Resilience in ROCE

Commodities, Currency, Equities, Market News, Markets - June 15, 2020

Market update 15th June 2020. Market closes on a negative note for third consecutive session.

Market update 15th June 2020. Market closes on a negative note for third consecutive session.

Overall performance:

Today, Indian indices ended 1.5 percent lower, due to weak performance of Global Cues while, market was majorly dragged by FMCG, Auto, Banking and Finance sector. When market closed, SENSEX was down by 552.09 points or 1.63%, closing at 33,228.80 and NIFTY was down by 159.20 points or 1.60%, closing at 9,813.70. Almost all the sectors ended on a negative note expect Pharma.

In Broader markets, the S&P BSE midcap index was down by 145.20 points or 1.51%, closing at 12,454.95 and S&P BSE Small cap decreased by 0.42 points or 0.00%, closing at 11,844.85. While, NIFTY Midcap 100 closed at 14,168.55, down by 170.80 points or 1.19% and NIFTY Small cap 100 closed at 4,409.60 and increased by 16.10 points or 0.37%.

Global indices, Commodities and Currency:

When Indian market closed, all other major indices was trading at a lower note except NASDAQ. SGX Nifty was down by 103.00 points or 1.04% and trading at 9,796.50. DAX was trading at 11,818.54, down by 130.74 points or 1.09% and CAC was trading at 4,790.73 and decreased by 48.53 points or 1.00%. While, NASDAQ was trading at 9,588.81, up by 96.08 points or 1.01%.

Currently, Gold is trading at 46,751 down by 583.00 points and 1.23%. Silver is trading at 47,021.00, down by 680.00 points and 1.44% and Crude oil is trading at 2,714.00, which decreased by 24.00 points or 0.88%.

At the closing time of of Indian indices, USD was trading at Rs 76.02, increased by 0.24%. EURO was trading at Rs 85.60, up by 0.08% and GBP was trading at Rs 95.35, up by 0.09%.

Sector wise performance:

As Market ended on a negative note, losses was witnessed by all the sectors. But among the sectors, major decline was seen in Metal, FMCG, Banking and Auto sector and gains were seen in Pharma sector. The S&P BSE Auto index decreased by 242.74 points, S&P BSE FMCG was down by 162.64 points or 1.49%. While, BSE BANKEX was down by points 829.39 or 3.53% and BSE Metal was down by 148.73 points or 2.09%. When market closed today, NIFTY Bank fell by 741.65 points or 3.59%, closing at 19,912.90 and NIFTY Auto decreased by 116.40 points or 1.77%, closing at 6,443.00. While, NIFTY Pharma was up by 6.25 points or 0.06% and closed at 9,989.05.

Top 5 gainers:

Today, GAIL increased by 3.30 points or 3.43%, closing at Rs 99.65. Wipro gained 5.90 points or 2.84% and closed at Rs 213.80. Reliance increased by 25.75 points or 1.62%, closing at Rs 1,614.55. HCL Tech was up by 8.20 points or 1.44%, closing at Rs 578.95 and Sun Pharma shares was up by 5.70 points or 1.19% and closed at Rs 485.80.

Top 5 losers:

Today, shares which declined the most were from the Banking and Auto sector. IndusInd Bank declined by 37.90 points or 7.17%, closing at Rs 490.55. Shares of Tata Motors declined by 4.56% or 4.80 points, closing at Rs 100.50, Axis Bank decreased by 18.40 points or by 4.51%, closing at Rs 389.60. Share price of Bajaj Finance fell by 98.75 points or 4.03%, closing at Rs 2,351.40 and NTPC declined by 3.70 points or 3.82%, closing at Rs 93.20.

Stock in news:

Today, even when market ended on a lower note, eight Nifty 50 stocks gained up to 4 percent which includes GAIL, Wipro, Reliance, HCL Tech, Sun Pharma, ONGC, Dr Reddy’s Lab, and Cipla. IndusInd Bank was in news as after gaining for six consecutive day, today their share price fell by 7.17 percent and closed at Rs 490.55. After reporting loss in Q4 results, Tata Motors declined by 4.56 percent. Other than these, stocks which were active by volume were Vodafone idea, SBI, BHEL, RBL Bank, Tata Motors, PNB, Bank of Baroda, ICICI Bank, Zee Entertain, Ashok Leyland and IDFC First Bank.

Weekly market update (8th June – 12th June).

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Avantel Soars 6% with ₹25 Crore DRDO Deal!

Commodities, Currency, Equities, Market News, Markets - June 13, 2020

Weekly market update (8th June - 12th June).

Weekly market update (8th June – 12th June).

Overall Performance:

This week, Indian Equities witnessed the most volatile week. The week started on a positive note but selling pressure was seen in mid-week due to which market declined by 1 percent in this week. Decline was noticed due to many reasons such as Moody’s downgrade rating, decline in global equities, ADR verdict and rising cases of COVID-19. However, market was supported due to the increasing foreign investment and the decision by the government to lift certain lock down norms to recover the economy.

Overall Indian market declined by 1 percent but small cap index and mid cap index outperformed in this week. On Monday 8th June, SENSEX opened at 34,287.24 and closed at 34,370.58 (up by 83.34 points) while, on Friday it closed at 33,780.89 and increased by 242.52 points. When compared with opening price on Monday, SENSEX declined by 1.48 percent this week. While, on Monday, NIFTY opened at 10,142.2 and closed at 9,972.90 on Friday, down by 1.68 percent.

The S&P BSE Mid-cap index gained more than 0.37 percent and closed at 12,600.15 on Friday. But some mid cap stocks gained more than 10 percent. This includes stocks such as Ujjivan Financial Services, PC jewellers, Cochin Shipyard, Info Edge, Granules India, Dishman Carbogen and Swan Energy. On the other side The S&P BSE Small-cap index was flat in this week.

Global indices, commodities and currency:

DAX was trading at 12,777.50, down by 70.18 points or 0.55% on Monday while today it is trading at 11,949.28, down by 21.01 points and NASDAQ was trading at 9,814.08 up by 198.27 points or 2.06% while now it is trading at 9,588.81 up by 96.80. CAC was trading at 5,169.24 and decreased by 0.55% or 28.55 points. It is now trading at 4,839.26 up by 23.66 points.

When market closed on Monday, Gold was trading at 45,985.00, up by 274 points or 0.60% and is now trading at 47,334. Silver was trading at 48,189.00, up by 838.00 points and is currently trading at 47,690, down by 949.00 points.

On Monday, at the closing time of Indian indices, USD was trading at Rs 75.54 which is now trading at Rs 75.84. EURO was trading at Rs 85.20, and is currently trading at Rs 85.46. GBP was trading at 95.21, which is now trading at Rs 95.25.

Sector wise:

This week, major gain was seen in Banking, Financial, IT, Energy and Auto Sector. NIFTY Bank decreased by 379.95 points (in this week, comparing to the opening price of Monday), closed at 20,654.55.

Top 5 gainers:

This week, share price of IndusInd Bank increased by 25.12% or by 106.10 points, closing at Rs 528.45, India Bulls Housing gained 17.81% or 23.20 points, closing at Rs 153.45. Shares of Mahindra and Mahindra jumped by 5.01 percent or 24.25 points, closing at Rs 508.45. Hero MotoCorp’s share price increased by 61.20 points or 2.61 percent, closing at Rs 2,401.85 this week, and share price of Bajaj Finance gained 59.80 points or 2.50 percent and closed at Rs 2,450.15.

Top 5 losers:

Dewan Housing Finance Corporation fell by 4.36 percent or by 0.67 points and closed at Rs 14.68. This week, share price of Zee Entertainment decreased by 4.20 percent or 7.40 points, closing at Rs 168.60. Reliance Power fell by 4.09% or 0.11 points, closing at Rs 2.58 shares. Endurance Tech declined by 3.98 percent or 34.10 points, closing at Rs 821.85 and share price of ONGC declined by 3.39% or 2.95 points and closed at Rs 83.95 on Friday.

Stocks in news:

This week, IT sector saw a huge loss mainly after the H-1B Visa news which impacted on their stocks and almost all IT stocks including TCS, Wipro and Infosys ended on a negative note. On the other side, telecom index impacted due to the ADR verdict. IndusInd Bank was in news in this week, as they continued to gain for 5 consecutive day mainly after the announcement of Additional shares purchase by promoters in the company and closed at Rs 528.45. On the other side, after announcement of Quarter 4 Results, Mahindra and Mahindra share price jumped more than 5 percent this week. Other than these stocks, most active in terms of volume includes stocks such as Vodafone Idea, SAIL, Axis Bank, Bharti Airtel, IDFC First Bank, SBI, NCC, Bank of Baroda, Tata Motors, Jindal Steel, ITC, ICICI bank, Adani power and Tata power.

Market update 12th June 2020. Market closes with highest intraday gains in more than two months.

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Shipa Medicare reported an 85 lakh net profit.

Commodities, Currency, Equities, Market News, Markets - June 12, 2020

Market update 12th June 2020. Market closes with highest intraday gains in more than two months.

Market update 12th June 2020. Market closes with highest intraday gains in more than two months.

Overall performance:

Today, Indian indices witnessed volatile trade with the biggest intraday gain and closed on a positive note, majorly supported by Banking, Pharma, Energy and Telecom sector stocks. All the sectors ended on positive note except IT. When market closed, SENSEX increased by 242.52 points or 0.72%, closing at 33,780.89 and NIFTY was up by 70.90 points or 0.72%, closing at 9,972.90.

The S&P BSE midcap index was up by 119.57 points or 0.96%, closing at 12,600.15 and S&P BSE Small cap increased by 14.85 points or 0.13%, closing at 11,845.27. While, NIFTY Midcap 100 closed at 14,339.35 up by 181.55 points or 1.28% and NIFTY Small cap 100 closed at 4,393.50 decreased by 4.85 points or 0.11%.

Global indices and commodities:

When Indian market closed, almost all the global indices were trading at a positive note. DAX was up by 179.74 points or 1.50%, trading at 12,150.03 and CAC was trading at 4,931.07 up by 115.47 points or 1.50%. SGX Nifty was trading at 9,899.50 and increased by 0.47% or 46.50 points. While, NASDAQ was trading at 9,492.73, down by 527.62 points or 5.27%.

Currently, Gold is trading at 47,204, down by 195.00 points or 0.41%, Silver is trading at 48,145, down by 494.00 points and 1.02%. Crude oil is trading at 2,774.00 which decreased by 8.00 points or 0.29%.

Currency:

At the closing time of Indian indices, almost all the currencies were trading at a positive note expect Euro. USD was trading at Rs 75.84, increased by 0.08%. EURO was trading at Rs 85.80, down by 0.03% and GBP was trading at Rs 95.81, up by 0.09%.

Sector wise performance:

Among the sectors, major jump was seen in Banking, Auto, Pharma and Energy sector while major losses was booked by IT Stocks. The S&P BSE Auto index increased by 419.22 points or 2.91% and S&P BSE BANKEX was up by 67.36 points or 0.29%. While, S&P BSE IT was down by 216.96 points or 1.49%. At close, NIFTY BANK increased by 129.40 points or 0.63%, closing at 20,654.55 and NIFTY Auto was up by 185.80 points or 2.92%. While, NIFTY IT decreased by 216.70 points or 1.48%, closing at 14,402.75 and NIFTY Media fell by 11.25 points or 0.87%.

Top 5 gainers:

Share price of Mahindra and Mahindra increased by 33.90 points or 7.14%, closing at Rs 508.45, Bharti Infratel gained 14.20 points or 6.74% and closed at Rs 225.00. Shree Cements shares increased by 1,141.45 points or 5.37%, closing at Rs 22,392.65. Bajaj Finance was up by 111.25 points or 4.76%, closing at Rs 2,450.15 and Hero MotoCorp shares increased by 91.90 points or 3.98% and closed at Rs 2,401.85.

Top 5 losers:

Today, Shares of Zee Entertainment declined by 7.40 points or 4.21%, closing at Rs 168.55. ONGC shares declined by 3.45% or 3.00 points, closing at Rs 83.90. Tech Mahindra decreased by 17.15 points or by 3%, closing at Rs 554.70. Share price of Power Grid Corp fell by 4.70 points or 2.75%, closing at Rs 166.30 and Wipro declined by 5.00 points or 2.35%, closing at Rs 207.90.

Stock in news:

Most active stocks in terms of volume were Vodafone idea, Tata Motors, SBI, IndusInd Bank, Ashok Leyland, BHEL, IDFC First Bank, Bank of Baroda, Axis Bank, RBL Bank and PNB. Today, IT sector saw a huge loss mainly after the H-1B Visa news which impacted on their stocks and almost all IT stocks including TCS, Wipro and Infosys ended on a negative note. On the other side, telecom index jumped more than 2 percent due to ADR verdict. Mahindra and Mahindra was in news as they announced their Quarter 4 Results. Their share price jumped more than 7 percent and was one of the top gainers today, closing at Rs 508.45.

Market update 11th June 2020. Market closes 2% lower, IndusInd Bank gains for 5th consecutive day.

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BEML Surges by 7.86% on Likely Upgrade to Navratna Status

Commodities, Currency, Equities, Market News, Markets - June 11, 2020

Market update 11th June 2020. Market closes 2% lower, IndusInd Bank gains for 5th consecutive day.

Market update 11th June 2020. Market closes 2% lower, IndusInd Bank gains for 5th consecutive day.

Overall performance:

Today, Indian indices ended on a negative note due to weak performance in Global Cues and AGR case verdict by Supreme Court. While, market was majorly dragged by Metal, IT, Auto, Banking and Finance sector. When market closed, SENSEX was down by 708.68 points or 2.07%, closing at 33,538.37 and NIFTY was down by 214.15 points or 2.12%, closing at 9,902.00 and almost all sector ended on negative note. In Broader markets, the S&P BSE midcap index was down by 178.76 points or 1.41%, closing at 12,480.58 and S&P BSE Small cap decreased by 124.62 points or 1.04%, closing at 11,830.42. While, NIFTY Midcap 100 closed at 14,157.80, down by 184.20 points or 1.28% and NIFTY Small cap 100 closed at 4,398.35 decreased by 38.45 points or 0.87%.

Global indices, commodities and currency:

When Indian market closed, all other major indices was trading at a low note except NASDAQ. SGX Nifty was down by 221.50 points or 2.19% and trading at 9,890.00. DAX was trading at 12,288.01, down by 242.15 points or 1.93% and CAC was trading at 4,949.33, decreased by 104.09 points or 2.06%. While, NASDAQ was trading at 10,020.35, up by 66.60 points or 0.67%.

Currently, Gold is trading at 47,170, up by 544.00 points and 1.17%. Silver is trading at 48,870, up by 786.00 points and 1.63% and Crude oil is trading at 2,912 which is decreased by 52.00 points or 1.73%.

At the time of closing of Indian indices, USD was trading at Rs 75.78, increased by 0.26%. EURO was trading at Rs 86.18, up by 0.25% and GBP was trading at Rs 96.09, down by 0.29%.

Sector wise performance:

As Market ended on a negative note, losses were seen all the sectors. But among the sectors major decline was seen in Metal, IT, Banking and Auto sector. The S&P BSE Auto index decreased by 293.39 points, S&P BSE IT was down by 243.21 points or 1.64%. While, BSE BANKEX was down by points 671.53 or 2.79% and BSE Metal was down by 207.49 points or 2.85%. When market closed today, NIFTY Bank fell by 574.95 points or 2.72%, closing at 20,525.15 and NIFTY IT decreased by 222.60 points or 1.50%, closing at 14,619.45. While, NIFTY Auto was down by 129.05 points or 1.98% and closed at 6,373.60.

Top 5 gainers:

Today, all the indices ended on a negative note. However, six stocks managed to end at positive note. IndusInd Bank which is increasing from last few days, today increased by 23.55 points or 4.71%, closing at Rs 523.15. Hero MotoCorp gained 17.70 points or 0.77% and closed at Rs 2,309.95. Power Grid Corp shares increased by 0.95 points or 0.56%, closing at Rs 171.00, Mahindra and Mahindra was up by 2.50 points or 0.53%, closing at Rs 474.55 and Nestle shares was up by 73.55 points or 0.44% and closed at Rs 16,608.25.

Top 5 losers:

Today, shares which declined most were from the Banking and Metal sector. Bharti Infratel declined by 21.90 points or 9.41%, closing at Rs 210.80. Zee Entertainment shares declined by 7.30% or 13.85 points, closing at Rs 175.95. Shares of SBI decreased by 10.55 points or by 5.62%, closing at Rs 177.15. Share price of Sun Pharma fell by 25.50 points or 5.11%, closing at Rs 473.65 and Vedanta declined by 5.05 points or 4.76%, closing at Rs 101.05.

Stock in news:

Today, even when market ended on a lower note, six Nifty 50 stocks gained up to 4 percent which includes IndusInd Bank, Hero MotoCorp, Power Grid Corp, Mahindra and Mahindra, Nestle and Bajaj Auto. IndusInd Bank was in news as they continued to gain for 5th consecutive day, mainly after announcement of additional shares purchase by promoters in company. After AGR verdict, many stocks fell which includes Bharti Airtel, Vodafone Idea and Bharti Infratel. Other than these, stocks which were active by volume are Vodafone idea, SBI, BHEL, RBL Bank, Tata Motors, PNB, Bank of Baroda, ICICI Bank, Federal Bank, Ashok Leyland and IDFC First Bank.

Market update 10th June 2020. Market regains from Tuesday’s losses, Auto sector shares fall.

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India: Infrastructure Set to Outpace IT as the Growth Engine

Commodities, Currency, Equities, Market News, Markets - June 10, 2020

Market update 10th June 2020. Market regains from Tuesday's losses, Auto sector shares fall.

Market update 10th June 2020. Market regains from Tuesday’s losses, Auto sector shares fall.

Overall performance:

Today, Indian indices witnessed volatile trade but ended on a positive note majorly supported by IT, Bank, Pharma, Energy and Infra sector stocks. When market closed, SENSEX increased by 290.36 points or 0.86%, closing at 34,247.05 and NIFTY was up by 69.50 points or 0.69%, closing at 10,116.20. The S&P BSE midcap index was up by 101.84 points or 0.81%, closing at 12,659.34 and S&P BSE Small cap increased by 108.99 points or 0.92%, closing at 11,955.04. While, NIFTY Midcap 100 closed at 14,342.00 up by 173.35 points or 1.22% and NIFTY Small cap 100 closed at 4,436.80, increased by 22.65 points or 0.51%.

Global indices and commodities:

When Indian market closed, almost all the global indices were trading at a negative note. DAX was down by 84.54 points or 0.67% and trading at 12,533.45 and CAC was trading at 5,072.09, down by 23.00 points or 0.45%. While, SGX Nifty was trading at 10,116.50 and increased by 1.05% or 105 points. NASDAQ was trading at 9,953.75 up by 29 points or 0.29%.

Currently, Gold is trading at 46,670 up by 60.00 points or 0.13%, Silver is trading at 48,057 down by 42.00 points and 0.09%. Crude oil is trading at 2,867.00 which decreased by 21 points or 0.73%.

Currency:

At the time of closing of Indian indices, almost all currencies were trading at a positive note expect USD. USD was trading at Rs 75.58, decreased by 0.03%. EURO was trading at Rs 85.76, up by 0.21% and GBP was trading at Rs 96.20, up by 0.14%.

Sector wise performance:

Among the sectors, major jump was seen in Banking, IT, Finance and Energy sector while major losses was booked by Auto Stocks. The S&P BSE IT index increased by 84.88 points or 0.58% and S&P BSE BANKEX was up by 423.93 points or 1.79%. While, BSE Auto was down by 148.56 points or 1.00%. At the time of closing, NIFTY BANK increased by 375.20 points or 1.81%, closing at 21,100.10 and NIFTY IT was up by 104.25 points or 0.71%. While, NIFTY FMCG decreased by 21.70 points or 0.07%, closing at 29,503.20 and NIFTY Auto fell by 75.05 points or 1.14%.

Top 5 gainers:

Share price of IndusInd Bank increased by 35.70 points or 7.70%, closing at Rs 499.60, Hindalco gained 4.35 points or 3.05% and closed at Rs 146.95. Shree Cements shares increased by 503.50 points or 2.40%, closing at Rs 21,513.30. Reliance was up by 35 points or 2.28%, closing at Rs 1,572.15 and Kotak Mahindra’s shares increased by 28.10 points or 2.15% and closed at Rs 1,332.25.

Top 5 losers:

Today, shares of Hero MotoCorp declined by 95.05 points or 3.98%, closing at Rs 2,292.25. GAIL declined by 2.97% or 3.00 points, closing at Rs 98.10. Bajaj Auto decreased by 73.95 points or by 2.65%, closing at Rs 2,717.20. Share price of COAL India fell by 3.60 points or 2.49%, closing at Rs 140.70 and Tata Steel declined by 8.20 points or 2.47%, closing at Rs 324.

Stock in news:

Most active stocks in terms of volume were Vodafone idea, SBI, PNB, Tata Motors, Ashok Leyland, India Bulls Hsg, Bank of Baroda, Suzlon Energy, Axis Bank, RBL Bank and IDFC First Bank. IndusInd Bank was in news as their shares gained for the 4th straight day and reached nearly at 3 month high, closing at Rs 499.60. JM Financial increased by 3.67 percent today, due to the launch of QIP with indicative issue of Rs 770 crore and closed at Rs 73.50.

Among all the sectors, major gain was seen in Banking and Finance sector today and shares of Kotak Mahindra and Axis Bank increased around 2 to 3 percent. On the other side, as Auto sector ended on negative note, shares like Hero MotoCorp and Bajaj Auto decreased around 3 to 4 percent.

Market update 9th June 2020. Pharma stocks surge, Dr Reddy’s Labs and IndusInd Bank top gainers.

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