Aditya Birla Capital Q2 FY26: Lending Momentum Accelerates, but Profit Expansion Stays Mild

Commodities, Currency, Equities, Markets - May 26, 2020

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

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

Overall performance:

Today, Indian indices ended on low note, dragged by IT and Pharma sector stocks. While market closed, SENSEX was down by 63.29 points or 0.21%, closing at 30,609.30 and NIFTY was down by 10.20 points or 0.11%, closing at 9,029.05. The S&P BSE midcap index was up by 136.56 points or 1.21%, closing at 11,406.58 and S&P BSE Small cap increased by 66.19 points or 0.63%, closing at 10,590.42. NIFTY Midcap 100 closed at 12,835.65, up by 167.60 points or 1.32%, closing at 12,835.65 and NIFTY Small cap 100 closed at 3,880.20, up by 29.35 points or 0.76%.

Global indices and commodiies:

When Indian market closed, DAX was trading at 11,462.39 up by 71.11 points or 0.62%. NASDAQ was trading at 9,324.59 up by 39.71 points or 0.43%. CAC was trading at 4,594.76, up by 1.21% or 54.85 points. While, SGX Nifty was down by 60.50 points or 0.67% and trading at 9,021.50. Currently, Gold is trading at 46,760 down by 218 points and 0.46%, Silver is trading at 48,525 up by 268 points and 0.56% and Crude oil is trading at 2,582 which is up by 5.00 points or by 0.19%.

Currency:

At the closing time of Indian indices, almost all the currencies were trading at a higher note except USD. USD was trading at Rs 75.66, down by 0.38% or 0.29 points. EURO was trading at Rs 82.91, up by 0.17% or 0.14 points and GBP was trading at Rs 93.09, up by 0.76% or 0.71 points.

Sector:

Today, almost all other sectors ended on higher note, expect for the energy, IT and healthcare sector. The S&P BSE Auto index increased by 210.00 points or by 1.61%, closing at 13,280.10 and S&P BSE Metal gained 175.86 points or 2.84%. While, S&P BSE Health care fell by 100.26 points and BSE IT fell by 294.31 points. At closing, NIFTY BANK increased by 161.45 points or 0.93%, closed at 17,440.35 and NIFTY Auto increased by 87.30 points, closing at 5,854.30. While, NIFTY IT and Pharma fell by 267.70 points and 117.15 points respectively.

Top 5 gainers:

Share price of Eicher Motors increased by 882.70 points or 6.34%, closing at Rs 14,805.10. JSW Steel gained 10.10 points or 6.08% and closed at Rs 176.25. Titan company’s shares increased by 43.10 points or 5.07%, closing at Rs 892.75. Share price of Ultra tech cement increased by 147.05 points or 4.04%, closing at Rs 3786.00 and Shree cements was up by 757.05 points or 3.80% and closed at Rs 20667.30.

Top 5 losers:

Today, Bharti Airtel declined by 33.95 points or 5.72%, closing at Rs 559.25. Bajaj finance which is decreasing from last few days, today declined by 3.50% or 66.30 points, closing at Rs 1829.00. Bajaj Finserv decreased by 218.30 points or by 5.06%, closing at Rs 4097.25. Share price of TCS fell by 77.35 points or 3.83%, closing at Rs 1,943. Sun Pharma declined by 10.25 points or 2.18%, closing at Rs 459.15 and Cipla decreased by 11.65 points or 1.82%, closing at Rs 627.70.

Stock in news:

Most active stock by volume were stocks such as Vodafone Idea, Bharti Airtel, IDFC First Bank, Jindal Steel, ITC, Adani power, Tata power and SBI. Eicher Motors was in news as share price of the company increased by 882.70 points and closed at Rs 14,805.10. Also, shares of Ruchi Soya locked in 5% lower circuit today due to the profit bookings and closed at Rs 547.15, down by 28.75 points. Avenue super marts was also in news as they posted 41.6% YoY increase in their consolidated profit, closing at Rs 2,283.25.

Weekly market update (18th May – 22th May).

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Krishna Institute reported a net profit of Rs. 79 Cr.

Commodities, Currency, Equities, Market News, Markets - May 24, 2020

Weekly market update (18th May - 22th May).

Weekly market update (18th May – 22th May).

Overall performance:

Fluctuation was seen in market due to many reasons such as resurgence trade tensions between China and US, rate cut by RBI and disappointing reaction for stimulus packages. On 18th May, SENSEX opened at 31,097.73 and closed at 30,028.98 (down by 1,068.75) while, on Friday market closed at 30,672.59 down by 425.14 points or 1.367 percent compared to opening price on Monday. On the other hand, NIFTY touched low at 8,800 during mid-week.

On Monday, NIFTY opened at 9,136.85 and closed at 9,039.25 on Friday lower by 97.6 points or 1.06 percent. However, the S&P BSE small-cap index increased by 10% to 30%. Around 30 stocks increased in small cap which includes Zen Technologies, Alok industries, Sintex Industries, Prozone Intu Properties Ltd and India cements. While, NIFTYBANK declined by more than 8%.

Global indices, currencies and commodities:

DAX was trading at 10,749.56, up by 287.16 points or 2.74%, on Monday while today it is trading at 11,073.87 up by 7.94 points and NASDAQ was trading at 9,014.56 up by 70.84 points or 0.79% while now it is trading at 9,324.59, up by 39.71. CAC was trading at 4,366.26, up by 2.07% or 88.63 points, now trading at 4,444.56, down by 0.89 points.

When market closed on Monday, Gold was trading at 47,858 up by 489 points and is now trading at 47,056. Silver was trading at 48,552 and is currently trading at 48,338, up by 1,003 points. On Monday, at the time of closing of Indian indices, USD was trading at Rs 75.91 which is now trading at Rs 75.95. EURO was trading at Rs 82.20, currently trading at Rs 82.79 and GBP was trading at Rs 92.19 which is now trading at Rs 92.58.

Sector wise update:

On Friday, NIFTY BANK decreased by 456.20 points or 2.57%, closing at 17,278.90 which was trading around 18,529 on Monday. While other sectors like Pharma and Auto sectors increased around 2%-5%.

Top 5 gainers:

This week, share price of ITC increased by 13.18% or by 21.70 points, closing at Rs 186.35, Cipla gained 69.05 points or by 12.11%, closing at Rs 639.3. Shares of Mahindra and Mahindra jumped by 11.81 percent or 45.05 points, closing at Rs 426.35. Bharti Airtel’s share price increased by 39.10 points or 7.06 percent, closing at Rs 593.20 this week, and share price of TCS gained 127.45 points or 11 percent this week and closed at Rs 2,020.35.

Top 5 losers:

Mahindra & Mahindra Financial Services share price fell by 6.31 percent or by 8.60 points and closed at Rs 127.60. This week, share price of Shriram Transport Finance decreased by 5.78 percent or 33.20 points, closing at Rs 541.40. Axis Bank fell by 5.65 % or 20.20 points, closing at Rs 337.10. Ashok Leyland shares declined by 5.42 percent or 2.50 points, closing at Rs 43.60 and share price of Power Finance Corp declined by 5.31% or 4.20 points and closed at Rs 74.90 on Friday.

Which stocks were in news?

This week, various companies were scheduled to announce their March quarter earnings. This is includes companies such as D-mart (Avenue Supermart), JSW steel, DCB Bank, Alembic Pharma, Bosch, Colgate, Bayer cropscein, UPL, Birla Corp, IDFC first Bank, JSW steel, Bajaj Auto, Cipla and Bharti Airtel. Among these companies, many posted loss for Q4 FY20 which affected their shares. Many stocks from Pharma and Auto sector were also in news as share prices of auto companies such as M&M and Hero MotoCorp increased by 2% to 6%. While, Pharma companies stocks such as Cipla and Dr Reddys labs increased by 4%-10%.

Most active stock by volume were Vodafone Idea, SBI, HUL and Maruti Suzuki, Reliance Power, Axis bank, Yes bank, Tata Power, India Bulls and Bharat Electronics. On Friday, around 31 stocks touched their 52 week low which includes Bajaj Finance, Chennai Petroleum Corporation, SBI, ABB, India Bulls, Cyient, The Karnataka Bank and Power Finance Corporation. IRCTC was in news as bookings for passenger trains started and their shares are increasing and again locked in 5% upper circuit (for 2nd time). On Friday their shares gained 22.70 points, closing at Rs 1,422.70.

Airport Authority of India provides new air travel guidelines.

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Devyani International Q1 FY26 Results: Revenue Growth Amid Profit Challenges

Commodities, Currency, Equities, Market News, Markets - May 22, 2020

Market update 22nd May 2020. Financials dip after RBI's announcement.

Market update 22nd May 2020. Financials dip after RBI’s announcement.

Overall performance:

Indian indices ended on low note today, mostly dragged by banking and financial sector stocks. When market closed, SENSEX was down by 260.31 points or 0.84%, closing at 30,672.59 and NIFTY was down by 67 points or 0.74%, closing at 9,039.25. While, the S&P BSE midcap index was down by 93.82 points or 0.83%, closing at 11,270.02. S&P BSE Small cap decreased by 23.90 points or 0.23%, closing at 10,524.23. NIFTY Midcap 100 closed at 12,668.05, down by 94.60 points or 0.74%, closing at 12,668.05 and NIFTY Small cap 100 closed at 3,850.85, down by 24.35 points or 0.63%.

Global indices and commodities:

When Indian market closed, DAX was trading at 11,016.77 down by 49.16 points or 0.44%. NASDAQ was trading at 9,284.88 down by 90.90 points or 0.97% and CAC was trading at 4,435.93, down by 0.21% or 9.52 points. While, SGX Nifty was down by 45.50 points or 0.50% and trading at 9,035.50. Currently, Gold is trading at 46,965 up by 577 points and 1.24%. Silver is trading at 47,719 up by 415 points and 0.88%. Crude oil is trading at 2,424 which is declined by 139 points and 5.42%.

Currency:

At the closing time of Indian indices, USD was trading at Rs 75.95, up by 0.34%. EURO was trading at Rs 82.69, down by 0.11% and GBP was trading at Rs 92.32, down by 0.10%.

Sector:

Among the sectors, IT, Auto, Pharma and media sector ended on high note but banking and financial sector ended on low note. The S&P BSE Auto index increased by 48.79 points while, S&P BSE Energy declined by 18.29 points or 0.41%,.BSE BANKEX fell by 497.17 points or 2.44%. At closing, NIFTY BANK decreased by 456.20 points or 2.57%, closing at 17,278.90 while, NIFTY IT increased by 194.75 points or 1.43%, closing at 13,842.65.

Top 5 gainers:

Today, share price of Zee Entertainment increased by 9.30 points or 6.04%, closing at Rs 163.25. Mahindra & Mahindra which is increasing from the last few days, gained 18.05 points or 4.42% and closed at Rs 426.35. Shares of Cipla increased by 22.75 points or 3.69%, closing at Rs 639.35. Shree Cements increased by 659.10 points or 3.42%, closing at Rs 19,910.25 and Infosys was up by 20.15 points or 3% and closed at Rs 692.35.

Top 5 losers:

Today, shares which declined the most were from the banking or finance sector. Axis bank declined by 20.25 points or 5.67%, closing at Rs 336.95. HDFC shares declined by 5.08% or 81.15 points, closing at Rs 1,516.15. Bajaj Finserv decreased by 223.65 points or by 4.93%, closing at Rs 4,315.55. Share price of Bajaj finance fell by 94.90 points or 4.77%, closing at Rs 1,895.30 and ICICI Bank declined by 13.35 points or 4.39%, closing at Rs 291.05.

Stock in news:

Shares of Pharma and Auto sectors ended on high note. IRCTC was in news after booking for passenger trains started their shares are increasing. Today it increased by 22.70 points, closing at Rs 1422.70. Today, around 31 stocks touched their 52 week low which includes Bajaj Finance, Chennai Petroleum Corporation, SBI, ABB, India bulls, Cyient, The Karnataka Bank and Power Finance Corporation.

Zee entertainment was in news as share price of the company increased by 6.04 percent and closed at Rs 163.25. Also, Mahindra & Mahindra gained 4.42%, closing at Rs 426.35 . Other than these stocks, most active stocks in terms of volume were Vodafone idea, SBI, ICICI Bank, BHEL, Bank of Baroda, Axis Bank and IDFC First Bank in terms of volume.

Airport Authority of India provides new air travel guidelines.

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Aarti Industries Ltd Q1 FY23 Result Updates.

Commodities, Currency, Equities, Market News, Markets - May 21, 2020

Market update 21st May 2020. ITC record biggest one-day gain in nearly 2 months.

Market update 21st May 2020. ITC record biggest one-day gain in nearly 2 months.

Overall performance:

Indian indices ended on high note. While market closed, SENSEX was up by 114.29 points or 0.37%, closing at 30,932.90 and NIFTY was up by 39.70 points or 0.44%, closing at 9,106.25. While, the S&P BSE midcap index was up by 85.62 points or 0.76%, closing at 11,363.84 and S&P BSE Small cap increased by 75.76 points or 0.72%, closing at 10,548.13 NIFTY Midcap 100 closed at 12,762.65, up by 98.45 points or 0.78% and NIFTY Small cap 100 closed at 3,875.20, up by 23.45 points or 0.61%.

Global indices and commodities:

When Indian market closed, DAX was trading at 11,067.85 down by 155.86 points or 1.39%. NASDAQ was trading at 9,375.78 up by 190.68 points or 2.08% and CAC was trading at 4,452.40, down by 0.99% or 44.58 points. While, SGX Nifty was down by 18.50 points or 0.20% and trading at 9,064.50. Currently, Gold is trading at 46,692 down by 451 points and 0.96%. Silver is trading at 48,101 down by 957 points and 1.95%. Crude oil is trading at 2,604 which is up by 84 points and 3.33%.

Currency:

At the closing time of Indian indices, almost all the currencies were trading at a lower note. USD was trading at Rs 75.60, down by 0.25%. EURO was trading at Rs 82.84, down by 0.11% and GBP was trading at Rs 92.38, down by 0.10%.

Sector:

Today, almost all other sectors ended on higher note, expect for the banking sector. The S&P BSE Auto index increased by 311.34 points or by 2.45% and S&P BSE Energy gained 22.61 points or 0.51% while BSE CDGS increased by 2.09%. At closing, NIFTY BANK decreased by 105.10 points or 0.59%, closing at 17,735.10 and NIFTY IT and AUTO increased by 130.55 points and 146.10 points respectively.

Top 5 gainers:

Share price of ITC increased by 13.20 points or 7.51%, closing at Rs 188.95. Hindalco gained 129.50 points or 7.20% and closed at Rs 129.50. Asian paints increased by 74.25 points or 4.95%, closing at Rs 1,574.30. Hero MotoCorp increased by 95.90 points or 4.74%, closing at Rs 2,119.50 and Maruti Suzuki was up by 158.15 points or 3.23% and closed at Rs 5,050.10.

Top 5 losers:

Bajaj Finserv declined by 162.85 points or 3.46%, closing at Rs 4,539.20. IndusInd bank which is declining from the last few days, declined by 2.94% or 10.50 points, closing at Rs 346.80. NTPC decreased by 2.65 points or by 2.85%, closing at Rs 90.25. Share price of Bajaj Finance fell by 52.60 points or 2.57%, closing at Rs 1,990.20 and Adani ports declined by 6.60 points or 2.04%, closing at Rs 317.15.

Stock in news:

Hero MotoCorp was in news as share price of the company increased by 95.90 points and closed at Rs 2,119.50. Also, IRCTC locked in upper circuit at 5% for the second day, closing at Rs 1,400 after bookings for passenger train started. Other than these stocks, most active stocks were Vodafone idea, SBI, ITC, Bank of Baroda, ICICI Bank and Alok Leyland in terms of volume.

Market update 20th May 2020. SENSEX, NIFTY close on a positive note.

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Avenue Supermarts Shares Jump 4% as New Store Openings Boost Growth Prospects

Commodities, Currency, Equities, Market News, Markets - May 20, 2020

Market update 20th May 2020. SENSEX, NIFTY close on a positive note.

Market update 20th May 2020. SENSEX, NIFTY close on a positive note.

Overall performance:

Today, for the second consecutive day Indian indices ended on a high note. As market closed, SENSEX was up by 622.44 points or 2.06%, closing at 30,818.61 and NIFTY was up by 187.45 points or 2.11%, closing at 9,066.55 While, the S&P BSE midcap index was up by 166.09 points or 1.49%, closing at 11,278.22 and S&P BSE Small cap increased by 117.19 points or 1.13%, closing at 10,472.37. NIFTY Midcap 100 closed at 12,664.20, up by 193.50 points or 1.55% and NIFTY Small cap 100 closed at 3,851.75, up by 39.80 points or 1.04%.

Global indices and commodities:

When Indian market closed, DAX was trading at 11,136.49 up by 61.20 points or 0.55%, NASDAQ was trading at 9,185.10 down by 49.73 points or 0.54% and CAC was trading at 4,452.75, down by 0.12% or 5.41 points. While, SGX Nifty was up by 259 points or 2.94% and trading at 9,083.00. Currently, Gold is trading at 47,203 up by 153 points and 0.33%, Silver is trading at 49,045 up by 227 points and 0.46%. Crude oil is trading at 2,442 which is up by 40 points and 1.67%.

Currency:

At the time of closing of Indian indices, USD was trading at Rs 75.79, up by 0.21%. EURO was trading at Rs 82.80, up by 0.22% and GBP was trading at Rs 92.79, up by 0.13%.

Sector:

Today, almost all other sectors ended on a high note. The S&P BSE Auto index rose by 258.63 points and S&P BSE Energy rose by 84.07 points or 1.93%. At closing, NIFTY BANK increased by 353.95 points or 2.02%, closing at 17,840.20 while, NIFTY IT increased by 70.80 points or 0.53%.

Top 5 gainers:

Share price of Shree Cements increased by 1,070.90 points or 5.84%, closing at Rs 19,411.65. Mahindra & Mahindra gained 22.15 points or 5.78% and closed at Rs 405.05. Shares of Dr Reddys Labs increased by 210.60 points or 5.69%, closing at Rs 3,910.20. HDFC gained 87.15 points or 5.66%, closing at Rs 1,627 and Eicher Motors was up by 708.90 points or 5.47% and closed at Rs 13,675.10.

Top 5 losers:

Today, Bharti Infratel declined by 17.90 points or 8.18%, closing at Rs 200.85. Vedanta, which is decreasing from last 2 days, declined by 1.61% or 1.45 points, closing at Rs 88.55, IndusInd bank decreased by 10.50 points or by 2.85%, closing at Rs 357.30. Share price of Hero MotoCorp fell by 49.90 points or 2.41%, closing at Rs 2,023.60 and Bharti Airtel declined by 4.75 points or 0.79%, closing at Rs 594.05.

Stock in news:

Today, shares of Pharma, banking and Auto sectors ended on higher note. Shree cements was in news as share price of the company increased by 1,070.90 points and closed at Rs 19,411.65. Bharti Infratel was also in news as today their share price decreased more than 8%, closing at Rs 200.85 and Mahindra and Mahindra shares which was declining since last few days, today gained 22.15 points. Other than these stocks, most active stocks were Vodafone idea, SBI, Tata powers, ICICI Bank, BHEL and Alok Industries in terms of volume.

FPIs exit markets after economic package announcement.

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India Inc: Navigating a Challenging Q2 with Resilience in ROCE

Equities - May 19, 2020

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

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

Overall performance:

After 3 days, Indian indices ended on higher note. However, NIFTY did not cross the 8,900 mark. After market closed, SENSEX was up by 167.19 points or 0.56%, closing at 30,196.17 and NIFTY was up by 55.85 points or 0.63%, closing at 8,879.10 While, the S&P BSE midcap index was up by 56.96 points or 0.52%, closing at 11,112.13 and S&P BSE Small cap declined by 21.13 points or 0.20%, closing at 10,355.18 NIFTY Midcap 100 closed at 12,471.15, up by 61.80 points or 0.50% and NIFTY Small cap 100 closed at 3,811.95, up by 7.05 points or 0.19%.

Global indices and commodity:

When Indian market closed, DAX was trading at 10,975.92, down by 76.266 points or 0.69%, NASDAQ was trading at 9,234.83 up by 220.27 points or 2.44% and CAC was trading at 4,447.57, down by 1.13% or 50.77 points. While, SGX Nifty was up by 42.50 points or 0.48% and trading at 8,828.00 Currently, Gold is trading at 46,718 up by 56 points and 0.12%, Silver is trading at 47,520 down by 182 points and 0.38%. Crude oil is trading at 2,401 which is down by 1.00 points and 0.04%.

Currency:

At the closing time of Indian indices, USD was trading at Rs 75.64, down by 0.36%. EURO was trading at Rs 82.82, up by 0.29% and GBP was trading at Rs 92.49, up by 0.23%.

Sector:

Today, other than banking sector, all other sectors ended on a higher note. The S&P BSE Auto index increased by 144.11 points and S&P BSE IT gained 100.68 points or 0.75% At closing, NIFTY BANK fell by 86.95 points or 0.49%, closing at 17,486.25. While, NIFTY IT increased by 132.20 points or 0.99%.

Top 5 gainers:

Share price of Bharti Airtel increased by 60.75 points or 11.29%, closing at Rs 598.80, Adani Ports gained 25.90 points or 8.83% and closed at Rs 319.20. ONGC increased by 4.25 points or 5.83%, closing at Rs 77.15. Bharti Infratel gained 11.65 points or 5.63%, closing at Rs 218.75 and UltraTechCement which is increasing from two consecutive days, was up by 130.35 points or 3.94% and closed at Rs 3438.15.

Top 5 losers:

Today, UPL declined by 36.15 points or 9.62%, closing at Rs 339.65. Vedanta fell by 2.70% or 2.50 points, closing at Rs 90, Induslnd bank decreased by 8.95 points or by 2.38%, closing at Rs 367.80. Share price of Reliance fell by 31.85 points or 2.21%, closing at Rs 1408.90 and Larsen declined by 17 points or 2.09%, closing at Rs 796.35.

Stock in news:

UPL was in news as share price of the company fell around 10%, even after the market ended on higher note today and closed at Rs 339.65. Bharti Airtel was also in news as today their share price increased by more than 11%, closing at Rs 598.80. Other than these stocks, most active stocks were Vodafone idea, SBI, Tata motors, ICICI Bank, BHEL and Bank of Baroda in terms of volume.

Fifth tranche of economic package covers MNREGA, Health and more.

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Equities - May 18, 2020

Weekly market update (11th May - 15th May)

Weekly market update (11th May – 15th May)

Overall performance:

Indian stock market started with on a good note this week but ended at lower note and market saw the most volatile week because of many reasons such as resurgence trade tensions between China and US and Rs 20 lakh package which announced by PM Narendra Modi attracted investors and indices to rise by 2 percent. After the announcement of details of this stimulus package by Finance Minister Nirmala Sitharaman, market witnessed decline in indices.

On 11th May, SENSEX opened at 31,479.74 and closed at 31,561.22 while on Friday market closed at 31,097.73 down by 382.01 points or 1.7 percent compared with opening price on Monday. On the other side, NIFTY opened at 9,226.9 on Monday and closed at 9,136.85 on Friday lower by 90.05 points or 1.2 percent. However, the S&P BSE 500 Index increased by 10-30 percent which includes around 30 stocks. The S&P BSE mid-cap index increased by 0.67 percent and the S&P BSE Small-cap index increased by 0.47 percent.

Global indices, currencies and commodities:

Global indices, DAX was trading at 10,818.48, down by 86.00 points or 0.79% on Monday while today it was trading 10,465.17, up by 128.15 points and NASDAQ was trading at 9,121.32 up by 1.58% or 141.66 points while now it is trading at 9,014.56, up by 70.84.
When market closed on Monday, Gold was trading at Rs 45,656 which is now trading at Rs 47,381 and silver was trading at Rs 42,972, and currently trading at Rs 46,718.
On Monday, at the time of closing of Indian indices, USD was trading at Rs 75.74 which is now trading at Rs 75.56. EURO was trading at Rs 81.96, currently trading at Rs 81.98 and GBP was trading at Rs 93.37 which is now trading at Rs 91.89.

Sector wise update:

On Friday, NIFTY bank closed at 18,833.95 which was around 19,600 on Monday when market opened, lower by around 766.05 points. While, NIFTY Auto which increased 4.26 percent on Monday, declined by 97.35 points or 0.73% closing at 13,196.35 on Friday.

Top 5 gainers:

Share price of jubilant life sciences increased by 21 percent this week closing at 472.40. Vedanta gained 20 percent after they decided to delist at price of Rs 87.50, closing at Rs 92.95 on Friday. Shares of Indian cements jumped by 16 percent this week and on Friday it gained by 13.22 percent, closing at Rs 114.30. MphasiS share price increased by 14 percent this week, closing at Rs 845.30 and share price of Escorts gained 11 percent this week and closed at Rs 823.55.

Top 5 losers:

Reliance industries share price fell by 6.56 percent or by 102.40 points and closed at Rs 1,459.40 on Friday. Share price of Dr. Reddys Lab decreased by 6.25 percent or 248.90 points, closing at 3,735.10, then GAIL India fell by 6.08% or 5.55 points, closing at Rs 85.80, IndusInd bank shares declined by 4.92 percent or 21.65 points, closing at Rs 85.80 and share price of tech Mahindra declined by 4.78% or 25.65 points and closed at Rs 510.55 on Friday.

Which stocks were in news?

On Friday, various companies were scheduled to announce their March quarter earnings. This includes L&T Finance and technology services, Cipla, Mahindra and Mahindra financial services, Tata chemicals, Nippon life asset management, Crompton greaves consumer and IIFL Securities. Most of these companies posted losses. Many Auto sector stocks were also in news as share prices of auto companies increased in mid-week. Most active stock by volume were Reliance, ICICI bank, HUL and Maruti Suzuki, Tata motors, Axis bank, Yes bank, Biocon, SAIL and BPCL.

Vedanta was in news after they announced to delist from stock market at a price of 87.50, After online bookings for passenger train started, shares of IRCTC locked in 5 percent upper circuit closing at Rs 1,303.55 and up by 62.05 points on Monday. Stocks of aviation sector saw slight increase after announcement of packages by finance minister, Indigo gained around 2 percent, closing at Rs 984 and spice jet increased around 3% and closed at Rs 45.60 on Friday.

Fourth tranche includes structural reforms in various sectors

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Dalmia Bharat Reports Disappointing Q3 Results, Sees Limited Short-Term Growth

Business, Equities, Expert Views, Investor Forum, Markets - May 15, 2020

Credit risk funds. Should you invest?

Credit risk funds. Should you invest?

Credit risk funds are debt funds that lend not less than 65% of their portfolio in the lower rated instruments (less than AA rated papers). The borrowers have to shell out higher interest charges to compensate for their lower credit rating, which translates into a higher risk for the lender due to an increased possibility of default. Although, these funds lend mostly for short duration. They are still one of the riskiest in the category.

These funds are ideal for an investment horizon of at least 3-5 years. There is a high probability of incurring losses if held for short term.These funds tend to deliver higher returns than Bank Fixed Deposits thereby involving higher risk.

Portfolio with Credit Risk Funds fetches:

• Higher Return : These funds take high risks and invest that money in the low risk instruments and the returns generated are higher as compared to other funds.

• Tax Benefits: These funds are tax-efficient as the Long Term Capital Gains (LTCG) is flat 20% where as if the assessee is in 30% slab still LTCG will be taxable at 20%.

• Extended Supervision: In these funds, fund managers play a very significant role in obtaining remarkable returns. Credit rating alone is not the only basis of decision making. There are various parameters such as the company’s scope of expansion, its potential and business model.

For instance,

ICICI Prudential Credit Risk Fund is presently giving return of +8.64% p.a.

Kotak Credit Risk Fund is presently giving return of +7.44% p.a

HDFC Credit Risk Fund is presently giving return of +7.55% p.a

Debt, hybrid mutual funds see large outflows in April

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MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!

Equities - May 11, 2020

Market update 11th May 2020. IRCTC 5% Up

Market update 11th May 2020. IRCTC 5% Up

Overall performance:

Indian stock market closed lower on 11th May. At close, SENSEX was down by 81.48 points or 0.26% at 31,561.22 and NIFTY was down by 12.30 points or 0.13% at 9,239.20. However, the S&P BSE Small cap index fell by 10.56 points or 0.10% closing at 10,628.14 and S&P BSE mid cap index was up by 0.65% or 74.20 points closing at 11,498.01.

Global indices and commodities:

When Indian market closed, DAX was trading at 10,818.48, down by 86.00 points or 0.79%, NASDAQ was trading at 9,121.32 up by 1.58% or 141.66 points and CAC was trading at 4,485.11, down by 1.42% or 64.53 points. While, SGX Nifty was down by 41 points or 0.44% and trading at 9,215.00
Currently, Gold is trading at 45,656 down by 156 points and 0.34%, Silver is trading at 42,972 down by 321 points and 0.74% and Crude oil is trading at 1,844 which is up by 7 points and 0.38%.

Currency:

At the time of closing of Indian indices, USD was trading at 75.74, up by 0.19%. EURO was trading at 81.96, up by 0.07% and GBP was trading at 93.37, down by 0.35%. Indian Rupee ended higher by 0.26% at 75.74 per Dollar.

Sector:

Sector wise, the S&P BSE Finance index declined by 77.21 points and S&P BSE Auto rose by 522.72 points or 4.23%. At closing, NIFTY BANK fell by 402.40 points but NIFTY Auto increased by 231.95 points or 4.26%.

Top 5 gainers:

Today, most of the top gainers were auto stock. Hero MotoCorp gained 6.42% closing at 2,0885.65. Tata Motors increased by 6.23% closing at 86.10, Maruti Suzuki and Bajaj auto gained 6.09% closing at 4,937.80 and 2,566.30 respectively. Bharti infratel increased by 5.37% closing at 183.60.

Top 5 losers:

ICICI bank declined by 5.20% and closing at Rs 320.15, both BPCL and Dr Reddys Labs fell by 3.06% closing at Rs 314.80 and 3,862 respectively. Kotak Mahindra decreased by 2.38% closing at Rs 1,188.45 and HUL fell by 1.98% closing at Rs 2,048.

Stock in news:

Most active stock by volume were reliance, ICICI bank, HUL and Maruti Suzuki. After online bookings for passenger train started today, shares of IRCTC locked in 5 percent upper circuit closing at Rs 1,303.55 and up by 62.05 points. Other stock in news was Vodafone idea as their share price jumped today by 9.52 percent, closing at Rs 4.40 and around 77,55,07,976 shares were traded today.

BSE, NSE to launch rupee derivative contracts

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Equities, Market News, Markets - May 9, 2020

BSE, NSE to launch rupee derivative contracts

The NSC IFSC and India INX have introduced rupee derivatives which will help in bringing much needed added liquidity in the economy. This will supplement their customers with several investment options.

The motive behind introduction of rupee derivatives:

The CEO of NSE, Vikram Limaye communicated to the media that the introduction of rupee derivatives will help in the development of (Gujarat International finance tech) GIFT IFSC as a hub of global financial services. This IFSC platform will help in the rupee exposure of non resident participants. This non residents’ participation will also enhance the IFSC’s extended trading hours and USD settlement. They’ve already received permissions for offering securities trading in any currency except the Indian rupee.

Importance of introduction of rupee derivatives:

Mr. Limaye added that this measure will enhance the efficiency of Indian rupees’ price discovery. It will be done by eliminating the onshore and offshore markets’ segmentation. It will also allow for trading and hedging using rupee derivatives contracts to their trading partners viz. IFSC entities and banking units. The Finance Minister Nirmala Sitharaman did the inauguration of the rupee derivatives contract. The contract will be having a lot size in NSE IFSC – Rs 20 lacs and India INX – Rs 10 lacs and the contract will be settled in cash.

The futures and options:

The futures at the NSE IFSC will have in total three monthly expiry contracts . The options at NSE IFSC will have total seven weekly and three monthly expiry contracts. For the other one i.e India INX, there will be in total eleven weekly and twelve monthly contracts. In the past few months due to the corona virus pandemic crisis, there is an acute volatility faced by the currency markets. The introduction of rupee derivative contracts in the IFSC will lead to more stability during these situations.

The Contracts:

The chairman of India INX, Ashishkumar Chauhan communicated to the media that the size of contract will be Rs 10 lacs and the trading is made available from 8th May 2020, 3:30 pm IST. The trading is for both the pairs viz. USD-INR and INR-USD. He added that for the USD-INR product, many of the people like the exporters, importers, traders, etc associated with any kinds of businesses have expressed their keen interest. The Gandhinagar GIFT City is the only IFSC situated in India having zero short term, zero long-term, zero stamp duty and zero transaction taxes as of now.

Each and every businessman interested should consider trading and hedging using rupee derivatives contracts at the GIFT City. The MD and CEO of India INX, V Balasubramaniam communicated to the media that he looks towards the best participation of members and international participants. This will be the first launch of offshore Indian rupee derivatives contract.

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