RBI's Revised Co-Lending Norms Set to Transform NBFC Growth

Business, Expert Views - July 11, 2022

RBI expects Inflation to cool from October.

RBI expects inflation to cool from October:

Inflation in India is expected to slow down from October. The Central bank will minimize its aggressive action to cut down inflation, as per Governor Das.

As per RBI governor Shaktikanta Das, global factors should have more consideration while assessing inflation targets and current developments in Europe. The governor was focused on the importance of monetary policy. It will help in reducing inflation and inflation targets, despite fears that policy tightening could crease economic growth. He also added, after controlling inflation in the second half, there are chances of recession in India.

The Central bank on Friday eased its monetary policy to increase foreign investment and lift foreign exchange reserves. In India, inflation is above RBI’s target since the start of the year. This affected a hike in interest rates by 90 basis points in the last 2 months. All the central banks have been fighting against inflation driven by surging commodity prices, the Russia-Ukraine war, and supply chain disruptions. In June, RBI said expected inflation was at 6.7% and will cool down from October.

The impact of global factors on the domestic economy has increased over past years due to pandemics and war. So there should be greater recognition of global factors in local inflation and economic growth. This requires more coordination among countries to tackle problems. As per International Monetary Fund’s Latest projections, around 77% of countries have reported an increase in inflation, and this number could reach up to 90% in 2022.

Conclusion:

RBI governor suggested that not all tightening sessions have ended in recession. He even mentioned that these measures won’t last long. The Central Bank and other major banks have revised GDP projections. It indicates a loss of pace in the growth of the economy rather than loss of a level. RBI governor mentioned many times that RBI plans to bring down inflation to 4% with a sensible slowdown in the economy. Inflation has also raised concerns about whether monetary tightening will end in a global recession or if there can be a soft landing. Global factors have difficult policy alternatives between price stability and economic activity.

How does interest rates affect equity markets

What are liquid funds? Find more

Adani Wilmar enters the coveted large-cap category by AMFI

0 Comment

Business, Editorials, Equities, Expert Opinions, Market News, Markets - July 10, 2022

Adani Wilmar enters the coveted large-cap category by AMFI

Adani Wilmar enters the coveted large-cap category by AMFI

On 5^th July 2022, the Association of Mutual Funds of India (AMFI) declared its semi-annual categorization of stocks which takes into consideration data from January 2022 to June 2022.

The Association of Mutual Funds of India (AMFI) classifies all listed companies into large-cap, mid-cap, and small-cap, on a semi-annual basis. Active equity fund managers build their portfolios based on AMFI’s stock categorization on.

According to the stock categorization by the Association of Mutual Funds of India (AMFI), shares of the Life Insurance Corporation of India (LIC) and Adani Wilmar were classified as large caps. AMFI has also classified shares of Adani Power, Cholamandalam Investment and Finance, Bank of Baroda, Hindustan Aeronautics Ltd (HAL), and Bandhan Bank as large-cap from the mid-cap category.

New large-cap additions:

On the new listing, the market cap for the large-cap is Rs. 475,000 Cr. Stocks such as Adani Power, Cholamandalam Investment and Finance, Bank of Baroda, Hindustan Aeronautics, and Bandhan Bank have been upgraded from mid-cap to large-cap. Currently, the market cap of Adani power is Rs. 1,01,533 Cr. And its market price is Rs. 263. Additionally, Adani Wilmar is also added to the large-cap category with a market cap of Rs. 76,161Cr and CMP Rs. 582. LIC has been upgraded to a large-cap and recorded a market cap of Rs. 444,425 Cr. And the current market price is Rs. 702.65. The market cap of Cholamandalam Investment and Finance (CMP Rs. 643), Bank of Baroda (CMP Rs. 98.65), Hindustan Aeronautics (CMP Rs. 1759), and Bandhan bank (CMP Rs. 273.45) are Rs. 52,822 Cr, Rs. 51,015 Cr, Rs. 58,820 Cr, Rs. 44,046 Cr. respectively.

New mid-cap additions:

AMFI has moved IDBI Bank, HDFC AMC, Godrej Properties, Steel Authority of India (SAIL), Zydus Lifesciences, Jubilant Foodworks, and PB Fintech (Policybazaar) from large-cap to mid-cap category. The market cap for mid-caps is Rs 164 billion. The stocks that have been added mid-cap category are Vedant Fashions with market cap of Rs. 24,335 Cr. and CMP Rs. 1003, and Delhivery with market cap of Rs. 36,772 Cr. and CMP Rs. 507.55. Some stocks have been upgraded from small-cap to mid-cap category. These include Tata Tele Maharashtra, KPR Mill, Tanla Platforms, Poonawala Fincorp, Phoenix Mills, SKF India, and Chambal Fertilizers.

New small-cap additions:

Stocks that have been downgraded from mid-cap category are AGS Transact Technologies, UMA Exports, Veranda Learning, Hariom Pipes, Campus Activewear, Rainbow Children’s Medicare, Prudent Corporate Advisory Services, Venus Pipes, Paradeep are added to the small-cap category. Moreover, Nuvoco Vistas, Aditya Birla AMC, UCO Bank, Natco Pharma, GR Infraproejects, Indiamart Intermesh, Happiest Minds, Ajanta Pharma, and Sanofi India.

To make sure a consistent investment universe for equity mutual fund schemes, AMFI categorizes stocks into large-cap, mid-cap, and small-cap. However, a change in the category doesn’t need to result in inventory entries. The equity fund managers find the newly added and upgraded to large-cap stocks more attractive.

As per the AMFI, about 74% of newly listed stocks were classified as small-cap.

The market cap of the top 100 large-cap stocks declined to 68.8% from 71.4% in the July review. However, the market cap of mid-cap stocks which starts from 101 to 250, increased to 16.9% as against 16.2% in the last review. In the previous review, the market cap of small-cap stocks was 12.29% which increased to 14.3% .

After the stock categorization by AMFI, Adani Wilmar declined by 0.92% i.e from Rs. 582.05 to Rs. 576.70. Similary Adani Power also slipped from 262.75 to Rs. 262.70 which is 0.02%. However, stocks such as LIC, Bank of Baroda, Vedant Fashions have been increased by 0.04%, 0.81%, 1.16% respectively. Hindustan Aeronautics Ltd which is upgraded from mid-cap to large-cap fell by 0.68%. Even though some stocks have been upgraded by the AMFI there is a fall in the some stocks.

Stock Categorization by the AMFI — Image shown is for representation only.

Investing in Real estate.

0 Comment

Tarsons Products earned Rs. 29 crores in net profit.

Commodities, Currency, Equities, Market News, Markets - July 7, 2022

Market update: 07th July 2022.

Market update: 07^th July 2022.

Overall performance:

Today as the market closed, SENSEX was up by 427.49 points or 0.80%, closing at 54178.46 and NIFTY was up by 143.10 points or 0.89%, closing at 16132.90. While the S&P BSE small-cap index closed at 25,568.55 and increased by 328.87 points or 1.30%. NIFTY Bank increased by 1.74% or by 596.05 points and closed at 34920.30. Similarly, Nifty IT also surged by 0.67% or 188.70 points and closed at 28196.30

The most active stocks traded today were Reliance, Titan Company, HDFC, and Tata Steel closed at Rs.23,88.10, Rs.127.50, Rs.1395.80, and Rs.900 respectively.

Global Indices and Commodities:

When the Indian market closed, DAX was trading at 12,776.97 up by 189.246points or 1.42%. NASDAQ was trading at 11361.85 and up by 39.61 points or 0.35% and CAC was trading at 4,5998.95, increased by 1.53% or 90.70 points. Currently, Gold is trading at 50,651 and increased by 151 points and 0.30%, and Silver is trading at 57,247 and gained 0.92%. Crude oil is trading at 7900, increasing by 1.73%.

Currency:

Currently, USD is trading at Rs 79.17, declining by 0.13%. EURO was trading at Rs 80.79 and increased by 0.36%.

Sector-wise performance:

Today, almost all other sectors ended on a positive note. The IT Services & Consulting Service sector increased by 0.81%. However, some stocks in this sector fell, which are Affle India and Bartronics. Sectors such as Finance, Households, Paints, and Pharmaceutical increased by 7.57%, 9.93%, 4.79%, and 2.49% respectively. The oil exploration and production sector fell by 3.12%.

Top 5 gainers:

The top 5 gainers today were Titan Company, Tata Steel, Larsen, and Induslnd Bank, M&M. Titan Company (CMP Rs.2127.50), and Tata Steel (CMP Rs.900) increased by 5.66% and 4.88% respectively. The current market price of Larsen is Rs. 1611.10 and gained 3.53%. IndusInd Bank was up by 2.92% and closed at Rs.861.00. M&M gained by 2.60%. The CMP of the company is Rs.1133.30

Top 5 losers:

Today, the top 5 losers were Dr Reddys Labs, Nestle, Bharti Airtel, Reliance, and Bajaj Finance. Dr Reddys Labs (CMP Rs. 4,338.35) declined by 1.29% and Nestle (CMP Rs. 18,187) by 1.14%. Bharti Airtel closed at Rs. 686.65 and slipped by 1.05%. Reliance decreased by 1.01%. The closing price was Rs. 2387.65 as against the previous closing price of Rs. 2411.95. Bajaj Finance closed at Rs. 5859.90 and fell by 0.98%

Stock in news:

Titan Company’s first-quarter sales jumped by 205% year on year basis. The closing price of Titan Company was Rs.2127.50 as against the previous closing price of Rs.2013.55. The price increased by 5.66%. The board of PBA Infra approved the voluntary delisting of shares of the company from NSE. The company’s share price fell by 2.61% and closed at Rs. 13.05. Deep IND received a Letter of Awards from ONGC. The company’s share price rallied from Rs.188.45 to Rs.198.50. The price increased by 5.33%.

Adani Wilmar enters the coveted large-cap category by AMFI

0 Comment

Avantel Soars 6% with ₹25 Crore DRDO Deal!

Commodities, Markets - June 28, 2022

Why do commodities Exchange Exist?

What are commodities Exchange?

The Commodities exchange allows traders to buy and sell goods. It includes both simple goods and manufacturing goods. The function of Commodity exchange is to provide a centralized marketplace where commodity producers and commercials can directly sell to those who want them for consumption or manufacturing. Commodity future exchange connects buyers and sellers easily. It helps businesses to enhance while there is a buyer for every seller. It makes the economy much more efficient with standardized prices for a commodity. Commodities are into two broad categories: hard and soft. Hard commodities consist of natural resources that must be mined or extracted, whereas soft commodities are agricultural products such as grain, meat, dairy, and livestock. Investors use these commodities to diversify their portfolios. Commodities are considered a risky investment class.
It is affected by many uncertainties and risks, such as epidemics, natural calamities, or other unpredictable circumstances. Individuals can invest in commodities through futures, options, exchange-traded funds, and contracts. There are six major commodity trading exchanges in India:

1. Multi Commodity Exchange (MCX)
2. National Commodity and Derivatives Exchange (NCDEX)
3. National Multi Commodity Exchange (NMCE)
4. Indian Commodity Exchange (ICEX)
5. Ace Derivatives Exchange (ACE)
6. The Universal Commodity Exchange (UCX)

Types of commodities:

1. Metals Commodities – This includes the trading of precious metals such as gold, silver, copper, and platinum. Gold is traded by investors as it is the safest way to diversify their portfolios against any uncertainties like inflation or currency devaluation.

2. Energy – This includes commodities like gasoline, natural gas, heating oil, and crude oil. Normally, oil price fluctuates due to the increasing demand for energy commodities. However, individuals entering energy commodities should be aware of economic reforms, a shift in production by OPEC, and new advances in technology.

3. Agriculture commodities – Commodities such as soya, rice, wheat, coffee, corn, cocoa, sugar, and cotton come under agriculture commodities. These commodities are bought by the wholesaler or a firm that uses them as a raw material.

4. Meat and livestock – This includes commodities like feeder cattle, pork bellies, lean hogs, and live cattle. The trading of livestock is not popular in India. It is mostly done in the US, UK, China, etc.

Ways to Invest:

A derivative Contract (Financial Instrument) is a contract between two parties for deriving value from any underlying assets. As the Price of underlying assets changes, the value of underlying assets also fluctuates.

The types of Derivative Contracts:

Options – Options are contracts where the buyer has a right to buy or sell a particular security at a predefined price. It is commonly known as a strike price. However, they don’t have obligation to buy or execute the option. One who executes the contract is known as the option writer.
Forwards – It has an obligation in the contract, which is unstandardized and not traded on stock exchanges. Forwards are available over the counter only and cannot de traded directly on market. However, forwards can be customized according to the parties involved. Forwards contract has third party risk. There are chances that the other party defaults in the payment or delivery of the product are not done as there is no regulatory party involved.
Futures – This is the same as forwards, but futures are standardized and allow holders to sell or buy security at a specified price and date. Futures can directly be traded on market.
Swaps – It involves swapping of obligations between the two parties depending on cash flows which are depended on the rate of interest and agreed upon at the period while entering into the contract. Here, one cash flow is fixed and the other depends on the market interest rate and usually, these rates are swapped.

The best way to trade in commodities is through futures contracts. An agreement to buy or sell a commodity in the future agreed on a date at a pre-determined price.

Role of commodity market:

1. Food security – Farmers can use the future market more effectively by selling at a future price by fixing the price. This will ensure that they are not susceptible to future fluctuation in price. Hence, food security can be achieved using the commodity market. Many times commodity markets help farmers in hedging the commodity which is prone to uncertainties and risk.
2. Agricultural ecosystem – Substantial amount of food grains are lost in the transmission process. The commodity market helps farmers, brokers, middlemen, and customers. If the food gains are not stored properly they get attacked by rats and pests.
3. Aggregation – Currently, the middleman acts as an aggregator which is not a transparent mechanism. So, commodity exchange provides an organized and guaranteed mechanism for all the essential commodities.
4. Hedging and risk – One important role and function of the commodity market is to hedge and distribute the risk in the market.
5. Speculative excess – The commodity market absorbs speculative excess risk in the market, especially in the spot market. It helps various retail investors to participate in the new asset class.

What are Gold funds and what are the benefits?

0 Comment

Expansion of capex to tackle global issues and decline in economic growth

Economy, Market News, Markets - November 10, 2020

How to invest in Insurance sector with tax planning.

How to invest in Insurance sector with tax planning.

Investment in insurance tools is a major part of everyone’s investment planning exercise. Although, it is important for people to be covered by certain risks, it is equally important that they buy insurance in which they accomplish their long term financial goals and helps them in tax planning. In recent years, the insurance sector has been at the forefront since the government opened it for private companies. Private insurers launched many new products and a healthy competition. This is good for investors because they have more options and a range of investments, but on the other hand it’s just as bad as it creates more uncertainty and the possibility of losing money occasionally.

All insurance products have their own pros and cons, so before making an investment decision investors should carefully understand all the aspects of the policy. Diversification and the development of a multi-product portfolio is one way to fix this challenging situation. Investors need to have knowledge of the various insurance products offered in the market and the positive or negative implications of these products. A stable insurance basket should contain Life Insurance cover, Medical Insurance cover, and Retirement/ Pension plans.

Life insurance:

The policy is available in 3 broad categories viz. endowment plans, life insurance plans, i.e. term plans and ULIPs. Endowment policies provide insurance and have some maturity returns. In this plan, maximum of the funds are invested in corporate bonds, Government securities, and various instruments from the money market. They deliver a healthy and stable return from 5% to 8%.

Term insurance is basically an insurance scheme. The premium covers the risk factor (mortality charges), revenue, and operating expenses in this package. This is why the premium paid for insurance policies is low as compared to the endowment plans. The premium charged in term insurance has no savings element and therefore no maturity benefits are paid to the individual.

Funds in the ULIPs scheme are mostly invested in the stock market and corporate bonds. The main distinction between ULIPs and standard insurance policies is the allocation of funds in stocks. These schemes pledge better maturity benefits, as stock markets have historically produced better returns over the long term. Nevertheless, investments in stocks are likely to lose money to a certain degree. Investors should opt for life insurance policies as soon as possible as age is one of the key determinants of the risk premium decision. As the income of an individual rises, they should increase their cover. It is normally said that the cover must be approximately 4 to 5 times of the annual income. An individual must fusion all three plans to limit the cash outflow and also to get the balance returns and reduce the risk.

Medical Insurance cover:

Medical compensation plans cover the massive medical expenses that occur in the care of an illness. As daily medical treatment is expensive, every person must have a medical insurance policy. Until accepting a policy, most health insurance plans do not cover chronic illnesses. It is therefore necessary to comprehend your medical policy in depth and invest early to offset the policy’s full grievances.

Future Provisions with Pension and retirement plans:

Insurance pension schemes offer life insurance to the investors when they are in the earning stage and monthly retirement benefits once they retire. ULPP is a type of pension plan where the funds are invested in market instruments. Investors can invest in ULPPs early, say at the age of 20, because they can afford to lose equity funds. Later, they can transfer their funds slowly into capital security schemes.

Tax planning:

While the majority think of tax planning as a process which reduces their tax liabilities, investing in the right instruments at the right time is also important in order to reach your financial goals as per your maturity period i.e. short, medium, and long. Basically, four different forms of tax planning exist.

Tax planning under Short Range:

It is a term used for tax preparation, which is used and conducted at the end of the financial year. Investors use this strategy to find ways to shrink their tax payments officially at the end of the financial year. Suppose if you decide at the end of the financial year that your taxes are high relative to the previous year, you might want to diminish it. Assessments can be done to get benefits under Section 88. Short-term tax planning does not require long-term obligations, though substantial tax savings can also be promoted.

Tax planning under Long Range:

The long range tax strategy is one that the taxpayer implements over the year. This policy does not provide immediate tax relief benefits as short-term plans do, but maybe beneficial in the long term. Typically you will begin investing at the start of the new financial year and continue to invest for a period of more than one year.

Tax planning under Permissive Measures:

Permissive tax planning means managing investments under different terms of India’s taxation legislation. There are various legal provisions in India that include exemptions, deductions, and benefits. Like Section 80C provides various types of exemption on tax savings investments.

Tax planning under Purposive Measures:

Purposive tax planning states planning of your investments for specific purposes thus ensuring that you can make the most of your investments. This includes the correct selection of investment instruments, the creation of an appropriate plan to substitute (if necessary), and Revenue and business assets diversification depending on your residential status.

In a nutshell, spending on Income tax is a moral and financial obligation which we all bear as citizens of India. The taxes we pay are used for our country’s growth. In a way, the taxes we pay are used for our benefit. According to the different income slabs, we each pay a different percentage of taxes, but all Indian people are entitled for the benefits equally.

0 Comment

Safe Havens in 2025: Gold, Yen and Alternatives in a Volatile Year

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.

0 Comment

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.

0 Comment

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.

0 Comment

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).

0 Comment

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.

0 Comment