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Sep 29, 2018

Falling rupee may impact chemical, agrochem sector: Top 8 stocks that can fetch 10-40% return

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The rupee depreciation year-to-date and in last one month was so sharp that net importers of commodities are likely to hit badly as they have to shell out more money to buy their products.

The research house said FY19 earnings are likely to be clouded by hedging losses and debt revaluation, so it focuses on earnings for FY20, by when the recurring impact on earnings should become more visible.


According to the brokerage, Deepak Nitrite (DNL), UPL and Atul are likely to be among the leading beneficiaries. It expects Aarti, SRF, Navin Fluorine, Rallis and Tata Chemicals to record more modest benefits while Bayer, Coromandel and GSFC – all net importers – may face some near-term challenges.

Rupee depreciation is likely to hit badly net importers of commodities as they have pay more to buy raw material or finished products. On the contrary, exporters will definitely be major beneficiaries.

More the exposure to imports, severe the impact of rupee fall. One of the sectors that may be impacted is chemicals and agrochemicals, but IIFL feels the impact will not be same for all. While exporters can pass on to customers the cost advantage of rupee fall, in case of importers which can't pass on import cost, the pressure can likely go beyond FY19.

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Source: https://www.moneycontrol.com/news/business/markets/falling-rupee-may-impact-chemical-agrochem-sector-top-8-stocks-that-can-fetch-10-40-return-2995791.html
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Sep 27, 2018

Nifty hovers around 11,000, Sensex up 100 points; metal underperform

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Equities have staged some recovery and are trading in the green. The Nifty is trading flat, while the Sensex is up around 50 points. 
The Sensex is up 46.46 points or 0.13% at 36370.63, while the Nifty up 2.60 points or 0.02% at 10980.10. The market breadth is negative as 637 shares advanced, against a decline of 1,508 shares, while 116 shares are unchanged.
HDFC, SBI, and GAIL are the top gainers, while Yes Bank, Tata Steel, and Indiabulls Housing have lost the most. 

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Closing Bell: Nifty ends September series below 11,000, Sensex down over 200 points; banks drag

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It’s a negative close for Nifty in September series and it has ended below 11,000-mark as well. The Sensex concluded the session over 200 points lower.

There was selling across sectors, with maximum cuts visible among banks, automobile, infrastructure, metals and pharmaceuticals. Weakness in the midcaps space also weighed on benchmarks as Nifty Midcap ended over 2 percent lower.

At the close of market hours, the Sensex closed down 218.1 points or 0.6% at 36324.1, while the Nifty was lower by 76.3 points or 0.6% at 10977.5. The market breadth is negative as 767 shares advanced, against a decline of 1,793 shares, while 167 shares were unchanged.

Shares of Tata Consultancy Services (TCS), Infosys, and Bharti Infratel were the top gainers, while Yes Bank, Maruti, and Indiabulls Housing have lost the most.

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Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-ends-september-series-below-11000-sensex-down-over-200-points-banks-drag-2990711.html
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Indian rupee trades flat around 72.60 per dollar

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The Indian rupee erased all its morning gains and trading flat at around 72.60 per dollar.

It slipped more than 30 paise intraday from day's high of 72.38 per dollar.

On Wednesday, the rupee ended with a gain of 8 paise at 72.61 against Tuesday' close 72.69 per dollar.

The Indian rupee has become Asia's worst performer losing over 13 percent of its value in 2018 breaching new highs against the dollar on rising crude oil prices and falling emerging market currencies and there seems to be no end to it, said Shreyansh N Mehta, Manager Equity Research at AUM Capital Market

Though, the Indian currency recovered some lost ground on suspected dollar sales by the Reserve Bank of India but there are still dark clouds in the sky as fears of escalating trade war could further hurt the global market sentiments and growth.

Not to forget, the massive liquidation by the foreign investors and political uncertainty around 2019 general elections in India will further put pressure on rupee. So, as of now, rupee will maintain this downward trend approaching fast towards 74–75 levels and will create a threat on the economy as a whole, he added.

Rupee consolidated in the range of 72.60 and 73 for the third successive sessions but, today, is expected to open higher against the US dollar after the government announced to raise import tariff on some non-essential items. Government decided to raise import tariffs on 19 “non-essential items,” marking a further tilt toward protectionism as it tries to reduce its widening current account deficit and tackle a sharp slide in the rupee, said Motilal Oswal.

The total value of imports of the 19 items in last fiscal year ended March was about USD 11.84 billion. Today, USD-INR pair is expected to quote in the range of 72.40 and 73, it added.

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Source: https://www.moneycontrol.com/news/business/markets/indian-rupee-trades-flat-around-72-60-per-dollar-2990761.html
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Sep 26, 2018

Sensex, Nifty turn negative ahead of F&O expiry; Nifty Midcap falls over 1%

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Among sectors, banks are trading in the red, while IT and pharmaceuticals are trading higher.
Rupee Update: Indian rupee erased all morning gains and trading marginally lower at around 72.63 per dollar.

Shares are trading marginally higher after seeing a negative move in the first few minutes of trade. The Nifty is trading around 11,050, while the Sensex is trading flat.

The Sensex is up 39.87 points or 0.11% at 36582.14, while the Nifty is higher by 4.00 points or 0.04% at 11057.80. The market breadth is narrow as 923 shares advanced, against a decline of 697 shares, while 68 shares were unchanged.

Asian Paints, Vedanta, Titan and UltraTech Cement were the top gainers, while Yes Bank, HDFC, Indiabulls Housing and Bajaj Finance have lost the most.

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Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-sensex-nifty-turn-negative-ahead-of-f-nifty-midcap-falls-over-1-2990711.html
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Closing Bell: Sensex ends over 100 pts lower, Nifty holds 11,050; IT, FMCG take a big hit

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After a day of relief rally on Tuesday (September 25, 2018), equity benchmarks have closed on a lower note on Wednesday. However, the key, psychological mark of 11,000 has been held by the Nifty. Investors could also be cautious ahead of US Federal Reserve’s decision on interest rates, which will be declared later in the day. 

There was major selling seen among information technology names. The likes of TCS, Infosys and Wipro, among others dragged the index lower and managed to weigh on frontline indices as well. Automobiles, consumer and PSU banks were the other big losers. The Nifty Midcap index closed with marginal gains. 

All eyes are also on the outcome from the FOMC meeting, which will be announced later in the day. “The outcome of the US Fed meeting on Wednesday is expected to result in another hike in benchmark interest rates, raising the federal funds rate by 25 basis points from its current range of 1.75-2 percent to 2-2.25 percent,” Edelweiss Investment Research has said in a note.

At the close of market hours, the Sensex closed 109.79 points or 0.30% lower at 36542.27, while the Nifty was down 13.70 points or 0.12% at 11053.80. The market breadth is negative as 1,266 shares advanced, against a decline of 1,330 shares, while 197 shares were unchanged.

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Source:https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-over-100-pts-lower-nifty-holds-11050-it-fmcg-take-a-big-hit-2986801.html
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Nifty IT underperforms dragged by KPIT Tech; SBI sheds 2%, metals shine

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185 stocks have hit new 52-week low including names like 8K Miles Software Services, Dish TV, Finolex Cables, Jet Airways, MEP Infra, Rolta India, Suzlon Energy and Vakrangee among others.

The Indian stock market this Wednesday afternoon continues to remain in the red with the Nifty50 is up down 37 points and is trading at 11,030 while the Sensex is trading lower by 177 point at 36,475.

At 14:40 hrs, the IT index is down close to 2 percent dragged by KPIT Tech, HCL Tech, Tata Elxsi, Oracle Financial Services and Wipro.

The auto index is down 1 percent dragged by Motherson Sumi Systems and Tata Motors which fell 3 percent each, Bosch down 2 percent followed by TVS Motor, Bajaj Auto and Maruti Suzuki.

The FMCG index is down 1.5 percent dragged by ITC which shed 2 percent while Hindustan Unilever is down 1 percent. Tata Global Beverage, Britannia Industries, Godrej Industries and Dabur India are the other losers.

Nifty PSU banks is down 1.5 percent with loses from State Bank of India which shed 2 percent while Andhra Bank is down 1.5 percent.

Metals stocks are however shining led by Hindalco Industries, Jindal Steel & Power, JSW Steel, NALCO, NMDC, Vedanta and Tata Steel.

Nifty realty is the outperforming sector, up 2 percent led by Unitech which jumped 7 percent followed by Godrej Properties and HDIL which added 4 percent each. The other gainers include Oberoi Realty and Indiabulls Real Estate.

The top NSE gainers include names like Indiabulls Housing Finance which jumped 7 percent while UPL, Vedanta and GAIL India are the other gainers.

The top NSE losers are Bharti Infratel, Tata Motors, Wipro, ITC and HCL Tech.

The most active stocks are DHFL, YES Bank, Indiabulls Housing Finance, HDFC Bank and Vedanta.

Biocon, Divis Labs and Monnet Ispat are few stocks which hit new 52-week high this Wednesday afternoon.

On the other hand, 185 stocks have hit new 52-week low including names like 8K Miles Software Services, Dish TV, Finolex Cables, Jet Airways, MEP Infra, Rolta India, Suzlon Energy and Vakrangee among others.

The breadth of the market favoured declines, with 858 stocks advancing, 878 declining and 322 remaining unchanged. On BSE, 1268 stocks advanced, 1273 declined and 174 remained unchanged.

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Source:https://www.moneycontrol.com/news/business/markets/d-street-buzz-nifty-it-underperforms-dragged-by-kpit-tech-sbi-sheds-2-metals-shine-2988561.html
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Sep 25, 2018

Sep 24, 2018

Indian rupee opens lower by 26 paise at 72.89 per dollar

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The Indian rupee slipped in the early trade on Tuesday. It opened lower by 26 paise at 72.89 per dollar versus previous close 72.63.
Yesterday, the rupee rose marginally against the US dollar but gains for the currency was short lived after global crude oil prices rallied to fresh highs. Brent crude oil rose to the highest level in four years after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump for action to raise global supply, said Motilal Oswal.
Concerns about production shortfalls are encouraging traders to remain long on the commodity. On the other hand, strength in the dollar against its major crosses also weighed on the rupee.
Today, USD-INR pair is expected to quote in the range of 72.50 and 73.20, it added.
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Source:https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-lower-by-26-paise-at-72-89-per-dollar-2982901.html
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D-Street recoups marginally, Sensex down 400 points; Nifty around 11,000

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Automobiles, banks, metals, pharma, and FMCG are all trading lower. Nifty Midcap index is down 3 percent

Gold prices rose by Rs 75 to Rs 30,890 per 10 grams in futures trade Monday as speculators raised bets even as the precious metal weakened overseas.
At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 75, or 0.24 per cent, to Rs 30,890 per 10 grams in a business turnover of 326 lots.
The yellow metal for delivery in October too gained Rs 62, or 0.20 per cent, to Rs 30,644 per 10 grams in 797 lots.

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Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-d-street-recoups-marginally-sensex-down-400-points-nifty-around-11000-2978361.html
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Sep 23, 2018

Sep 20, 2018

Sensex surges nearly 300 points, Nifty reclaims 11,300; Yes Bank recovers after crashing 30%

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Barring information technology names, all sectoral indices are trading in the green, with maximum gains visible in banks, auto, metals, pharma, and energy names.

It’s a good start to the market on this Friday morning as benchmark indices have begun on a good note. Positive global cues and a stronger start to the rupee is aiding sentiment on D-Street. The Nifty reclaimed 11,300 in the opening minutes.

The Sensex is up 171.63 points or 0.46% at 37292.85, while the Nifty is higher by 69.20 points or 0.62% at 11303.60. The market breadth is positive as 461 shares advanced, against a decline of 129 shares, while 61 shares were unchanged.

Barring information technology names, all sectoral indices are trading in the green, with maximum gains visible in banks, auto, metals, pharma, and energy names. In the midcaps space, steel stocks are performing well. Overall, the Nifty Midcap index is trading higher by a percent.

Among stocks, shares of Yes Bank has fallen 15 percent following current MD & CEO Rana Kapoor’s term being cut short. Jet Airways is lower by 6 percent on the back of IT surveys at its premises.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-surges-nearly-300-points-nifty-reclaims-11300-yes-bank-recovers-after-crashing-30-2972051.html
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Govt considering merging PNB, OBC, Andhra Bank: Report

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The development comes days after the Centre announced a plan to merge three public sector lenders -- Bank of Baroda, Dena Bank and Vijaya Bank

After deciding to merge Bank of Baroda (BoB), Vijaya Bank and Dena Bank, the government is likely to announce the merger of three other banks before the end of the year, according to a report by DNA Money.

The three public sector banks (PSBs) are likely to be Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and Andhra Bank, the report suggests.

"Government is analysing the merger of PNB, OBC and Andhra Bank, as it wants few large banks in the country," a source was quoted as saying.


The government is reportedly holding talks with banking officials to examine the feasibility of such a merger and will likely announce the move before December 31.

On September 17, the central government announced the proposal to merge three public sector lenders -- BoB, Dena Bank and Vijaya Bank.

Also listen | Podcast: Editor's pick of the day – All you need to know about Bank of Baroda, Vijaya Bank, Dena Bank merger

The cabinet is likely to approve a scheme of amalgamation of Dena Bank, Vijaya Bank and BoB next week, the report adds.

The three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, they said, adding that the merged entity should be operational from April 1, 2019.

The move follows top lender State Bank of India (SBI) merging five of its subsidiary banks with itself last year and taking over Bharatiya Mahila Bank, catapulting it to be among top 50 global lenders.

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Warren Buffett started investing when he was 11: Here's a look at the billionaire investor's fortune

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Warren Buffett's precocious business acumen was on evidence since early childhood. Here's how the world's third richest man managed to gradually amass a fortune over the years.

Buffett bought his first stock in 1941 at the age of 11, buying six shares of Cities Service, an oil service company, at $38 per share. The world's third richest man filed his first tax return aged 14, after making $500 by delivering newspapers. By the time he finished high school, Buffett had bought a stake in a 40-acre farm in Omaha, Nebraska.

In December of 1962, Warren Buffett (then 32), was gaining notoriety as an investor in Omaha, this was also when he first began buying stock in Berkshire Hathaway. By mid-1965, he had bought enough shares to take control of the company. (Pictured here are caricatures of Buffet and Berkshire Hathaway Vice-Chairman Charlie Munger on Heinz bottles. Kraft Heinz is backed by Berkshire Hathaway and 3G Capital)

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Source:https://www.moneycontrol.com/news/business/warren-buffett-started-investing-when-he-was-11-heres-a-look-at-the-billionaire-investors-fortune-2835821-3.html
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Sep 18, 2018

Sensex rebounds, Nifty hovers around 11,300; HDFC AMC, Reliance Nippon tank

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DFC Asset Management Company share price dropped 7.6 percent and Reliance Nippon Life Asset Management fell 8.6 percent to hit 52-week low of Rs 195.60 as brokerages slashed their target prices after SEBI cut expense ratio for these companies.
Global brokerage house Nomura has downgraded Reliance Nippon AMC share to Neutral from Buy and also slashed target price to Rs 210 from Rs 315 earlier after capital market regulator SEBI on Tuesday cut total expense ratio (TER) for mutual funds by 20-25 basis points.
TER cut is in addition to the recent 15 bps cut in lieu of exit loads, it said.
Morgan Stanley also cut target price on HDFC AMC stock to Rs 1,765 from Rs 2,050 per share while having Overweight call on the stock. "Lowering EPS/price target is materially on sharp TER cut by SEBI."
The global research firm cut estimates for equity & gross revenue / AAAUM by 20 bps & 11bps respectively and expects some further near-term weakness.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-rebounds-nifty-hovers-around-11300-hdfc-amc-reliance-nippon-tank-2964411.html
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Sep 17, 2018

D-Street extends losses, Nifty trades below 11,350; HUL gains 3%

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Stocks in this space are reacting to the merger proposal by the government for three banks that was announced on Monday evening.


Equity benchmarks have continued to trade flat, with the Nifty trading below 11,400.

The Sensex is up 23.19 points or 0.06% at 37608.70, and the Nifty up 3.20 points or 0.03% at 11381.00. The market breadth is positive as 969 shares advanced, against a decline of 636 shares, while 96 shares were unchanged.

PSU banks are undergoing some pain, with the Nifty PSU bank index trading over 2 percent lower. Stocks in this space are reacting to the merger proposal by the government for three banks that was announced on Monday evening. Pharmaceuticals and FMCG names are trading in the green. Meanwhile, midcaps are trading flat.

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Source:https://www.moneycontrol.com/news/business/markets/market-live-d-street-extends-losses-nifty-trades-below-11350-hul-gains-3-2959831.html
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Indian rupee remains rangebound after lower opening, hovers around 72.50

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After a lower opening the Indian rupee is trading marginally higher by 4 paise at 72.47 per dollar.
Rupee opened lower at 72.55 per dollar versus previous close 72.51.
The dollar-rupee September contract on the NSE was at 72.55 in the previous session. September contract open interest declined 0.62% in the previous session, said ICICIdirect.
We expect the USD-INR to find supports at lower levels. Utilise downsides in pair to initiate long positions, it added.

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Source:https://www.moneycontrol.com/news/business/markets/indian-rupee-opens-marginally-lower-at-72-55-per-dollar-2959711.html
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Sep 16, 2018

Sep 14, 2018

Sep 13, 2018

Sep 12, 2018

Learn these top 12 lessons from Lord Ganesha to become a good investor or trader

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As a player in markets, it is never too late to adopt and learn from markets and stay updated with new investment options and grow money wisely


Celebrations of Ganesh Chaturthi started across the country on Thursday. The people celebrate this festival as Lord Ganesha brings with him bring prosperity, happiness, knowledge and wisdom.

Team Moneycontrol conveys its best wishes on this auspicious festival to every trader and investor.

When it comes to learning anything new, there is a lot one can take as inspiration from Lord Ganesha, who himself is an expert in 14 vidyas (techniques) and 64 kalas (art forms).


In the financial world itself, the first and foremost lesson that one can learn is UNITY, the main motive of this festival which was first started by freedom fighter Bal Gangadhar Tilak.

Anything to win in this world or anything to balance in life, unity between different types of people or different types of things (in terms of anything) is a must, which is similar to portfolio building.

In the stock market, if you want to make a profit, you can't depend on one stock or one type of product. You should make a portfolio of several stocks or products to get it balanced so that portfolio can outperform in every up and down.

Here are other lessons which can be learned from Lord Ganesha that can bring happiness, prosperity, wealth and strength to overcome obstacles while trading or investing in the stock market:

2) Don't follow the Herd mentality – When Lord Shiva asked his two sons Ganesha and Kartikeya to race around the world, Ganesha chose to do a pradakshina around his parents. So think like him— out of the box. Don't buy a stock basis a general view or rational.

3) Stick to one's circle of competence - When Lord Ganesha was given the challenge of circumnavigating the universe thrice, he acted within his limitations and used his strength to win. For long-term success in investing, it's very important to stick to one’s circle of competence whether it is about a set of stocks, industries or an investing style.

4) Stick to your investment commitment and discipline- Day traders should abide by the discipline that Ganesha executes, stopping Shiva from entering home as instructed by his mother, risking his life. Hence, all traders must take stop losses and also take all trades to attain the average run rate (profits), which generally is 60-70 percent. Similarly, investors once committed to the idea of investing should remain put for long-term gains and self-fulfilment.

5) EDUCATE yourself, invest in what you understand.

6) Only QUALITY can deliver return.

7) Hope is not a STRATEGY in the investment world.

8) Differentiate between TRADING and INVESTMENT strategies.

Valuable investment lessons which can be inferred from various body parts of Lord Ganesha:

9) His large head encourages ‘to think big’ when looking at long-term investment planning.

10) His small eyes warn ‘not to miss the details and concentrate while planning’.

11) His long ears urge you to ‘listen more’

12) His small mouth is a sign that you should ‘talk less’ as an investor.

13) Lastly, it is Lord Ganesha’s strong tusks, which points towards the required ‘power to weed out bad investments’.

As a player in markets, it is never too late to adopt and learn from markets and stay updated with new investment options and grow money wisely.

Contributors to this article are Ajay Jaiswal, President – Strategies & Head of Research, Stewart & Mackertich Wealth Management; Shailendra Kumar, Director & CIO, Narnolia Financial Advisors; Jayant Manglik, President, Religare Broking; Prashanth Tapse, AVP Research, Mehta Equities; and Sumit Bilgaiyan, Founder, Equity99.

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Source:https://www.moneycontrol.com/news/business/markets/learn-these-top-12-lessons-from-lord-ganesha-to-become-a-good-investor-or-trader-2947671.html
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