Range-bound Nifty to support bullish scenarioAugust 2nd, 2021 07:27 Technical analysts said Nifty must sustain above 15,700-15,800 levels this week for it to head to 16,000 levels. The index has been moving in a range of 15,450 to 15,950 for the last 42 trading sessions. Nifty ended down 15.4 points, or 0.1%, at 15,763.05. Analysts are bullish on metals and mid-cap IT stocks in the short term.
Movers Shakers | Top 10 stocks that moved the most last weekAugust 2nd, 2021 00:27 Experts expect the rangebound trade to continue in the coming week too and feel the banking sector and global cues are key for any directional move going ahead, and earnings season, auto sales data PMI numbers could drive stock specific movements.
Honda reports 12% rise in domestic sales in JulyAugust 1st, 2021 19:27 "We achieved our production ramp-up from last week of July and have streamlined supplies in line with market activity. Barring few locations, dealer outlets were mostly operational last month, albeit with lesser capacity," HCIL Senior Vice-President and Director (Marketing & Sales) Rajesh Goel noted.
Dhoot moves NCLAT against Twin Star takeover bid for Videocon groupAugust 1st, 2021 19:27 Dhoot, in his petition filed before the National Company Law Appellate Tribunal (NCLAT) has requested to set aside the order passed by the Mumbai bench of the NCLT and to direct the lenders to consider Rs 31,789 crore settlement plan submitted by him under section 12 of the Insolvency & Bankruptcy Code (IBC).
Biological E to break into big league by manufacturing 3 Covid vaccinesAugust 1st, 2021 18:27 Of these, the phase-three trials of Corbevax — jointly manufactured by BE, Baylor College of Medicine in Houston and Dynavax in California — are underway. BE says it will supply 30 crore doses to the Indian government after securing emergency use listing (EUL).
4 IPOs to keep market buzzing this week; to raise Rs 3,600 croreAugust 1st, 2021 18:27 Analysts and traders expect the issues to sail through given the demand for fresh issues in the market. The grey market premium has also jumped for some of the upcoming issues. As many as 12 firms have raised a staggering Rs 27,000 crore through IPO route in the first four months of the ongoing fiscal. Even beyond this week, the pipeline is pretty strong for other issues during the month.
Honda reports 12 per cent rise in domestic sales at 6,055 units in JulyAugust 1st, 2021 18:27 "We achieved our production ramp-up from last week of July and have streamlined supplies in line with market activity. Barring few locations, dealer outlets were mostly operational last month, albeit with lesser capacity," HCIL Senior Vice-President and Director (Marketing & Sales) Rajesh Goel noted.
Weekly Market Outlook: 15,900-15,950 zone to offer stiff resistanceAugust 1st, 2021 18:27 "The weekly MACD is bearish and remains below the signal line. A close examination reveals that the histogram is widening; this implies that the momentum is accelerating on the downside. While continuing to stay highly stock-specific, a defensive approach and vigilant protection of profits on either side is suggested over the coming week."
Trade setup: Market may open on positive note; 15,900 crucial level to watchAugust 1st, 2021 18:27 The markets are under fierce consolidation with the levels of 15900-15950 acting as a stiff resistance area. It is clear from the technical perspective that we will not have any meaningful breakout unless this zone is taken out in a meaningful way with volumes. Until that happens, we will see the Index consolidating and facing profit-taking bouts at higher levels.
Should there be a trading platform for unlisted private securities?August 1st, 2021 17:27 There should be a trading platform for unlisted private securities. Globally there is a formal market for unlisted securities. Even Facebook traded well in the unlisted market before going for IPO. Now that there is significant non-founder capital put in businesses before it goes public a structured private securities trading platform could be useful. This could open a new potential market segment.
Tweet Buster: 8 stock market lessons from Rakesh JhunjhunwalaAugust 1st, 2021 16:27 The benchmark index has been consolidating in a range of 15,450-15,900 for the last two months. Analysts say unless there is a solid backing from bank stocks, Nifty may remain remain range-bound. In this edition of Tweet Buster, we scan through the world of 280 characters to help you make money and understand market signs.
The week that was: Mahindra Logistics, JK Paper among buzzing stocksAugust 1st, 2021 16:27 Sector wise, next week auto names will be on radar as the companies will come out with July sales data. Besides, a number of companies are expected to report their June quarter numbers, which will also keep the market buzzing. “It’s prudent to stick with a stock-specific trading approach until we see a decisive trend in the index. Earnings combined with global cues will continue to dictate the trend,” said Ajit Mishra, VP - Research, Religare Broking.
Tata Motors looking at changes to deal with chip shortageAugust 1st, 2021 15:27 The auto major, which sells models including Nexon, Harrier and Safari in the domestic market, is also looking at different kinds of chips which could be used in components where the supply situation is severe.
FPIs pull out net Rs 6,105 cr from Indian capital mkts so far this fiscalAugust 1st, 2021 15:27 The data showed that FPIs were net sellers in all the months barring June when they had invested Rs 13,269 crore. The net outflow stood at Rs 9,435 crore in April, Rs 2,666 crore in May and Rs 7,273 in July. "What is encouraging during the first four months is the fact that the number of new investor registrations in India is up 2.5 times year on year as per data released by the NSE," said S Ranganathan, head of research at LKP Securities.
Planning to invest in index funds? Check the pros and consAugust 1st, 2021 14:27 In the short term, returns could be volatile but over the long tem the fluctuations average out. To conclude, an index fund offers one of the cheapest ways to take exposure to equity markets but before investing do check if the fund matches your risk appetite, investment horizon, and financial goal.
4 IPOs to keep market buzzing this week; Rs 3,600 cr to be raisedAugust 1st, 2021 14:27 Analysts and traders expect the issues to sail through given the demand for fresh issues in the market. The grey market premium has also jumped for some of the upcoming issues. As many as 12 firms have raised a staggering Rs 27,000 crore through IPO route in the first four months of the ongoing fiscal. Even beyond this week, the pipeline is pretty strong for other issues during the month.
LIC Housing waiting for bourses' nod for Rs 2,334-cr preferential issueAugust 1st, 2021 14:27 BSE and NSE sought clarifications on why the valuation report of a registered value had not been considered while determining the price of such shares on allotment to LIC. "Only the stock exchanges had raised queries and we have responded and are waiting for their feedback. The bourses had asked us not to release the voting results on this agenda which we have abided by. There is no query from SEBI so far and we have not approached SAT in this regard," sources told PTI.
Massive stimulus looks here to stay as BOE is likely to echo FedAugust 1st, 2021 14:27 A week after U.S. Federal Reserve Chair Jerome Powell said there’s still some way to go before stimulus can be reduced, a similar message may come from the Bank of England this Thursday. The rise in coronavirus infections in the wake of the European soccer championship has heightened uncertainty about Britain’s economic recovery -- at least in the short term.
Planning to invest in Index Funds? Check the pros and consAugust 1st, 2021 13:27 In the short term, returns could be volatile but over the long term the fluctuations average out. To conclude, an index fund offers one of the cheapest ways to take exposure to equity markets but before investing do check if the fund matches your risk appetite, investment horizon, and financial goal.
Does it make sense to buy telecom stocks now? Ajay Bagga answersAugust 1st, 2021 13:27 “Telecom players have really flattered to deceive. For multiple years, they have not really delivered. I would say there are very few drivers really in place. We do not see some kind of an agreement or some kind of managerial will to take the bitter pill and get rid of non-profitable customers and increase the ARPUs from profitable customers.”
IPOs raise over Rs 27,000 cr in Apr-Jul; issues worth Rs 70K cr in pipelineAugust 1st, 2021 12:27 According to an analysis of data available with the stock exchanges, 12 companies have raised Rs 27,052 crore through IPOs in the first four months (April-July) of the current fiscal 2021-22. Apart from these, PowerGrid InvIT, the infrastructure investment trust (InvIT) sponsored by the Power Grid Corporation of India, mopped up Rs 7,735 crore through its IPO.
Essar sells residential property on Mumbai’s Worli for Rs 185 crAugust 1st, 2021 11:27 The deal for the property that is known as Panhar, which has nearly 20,000 sq ft carpet area property known as Panhar was registered on Friday.The entire transaction was concluded through two agreements including assignment of lease of around half an acre land parcel and conveyance of the residential building.
Cathie Wood is just the beginning as stock pickers storm the ETF worldAugust 1st, 2021 11:27 Amped up by a meme-crazed market and emboldened by the success of Cathie Wood’s Ark Investment Management, stock pickers are storming the $6.6 trillion U.S. exchange-traded fund universe like never before -- adding a new twist in the 50-year invasion from passive investing. Passive funds still dominate the industry, but actively managed products have cut into that lead, scooping up three-times their share of the unprecedented $500 billion plowed into ETFs in 2021, according to data compiled by Bloomberg
Dalal Street investors richer by over Rs 31 lakh cr this fiscal so farAugust 1st, 2021 11:27 Reflecting an upbeat sentiment in the market, the benchmark had reached its all-time high of 53,290.81 on July 16, 2021. It closed at its lifetime high of 53,158.85 on July 15. Thanks to the optimistic investor sentiment, the market capitalisation of BSE-listed companies have zoomed Rs 31,18,934.36 crore to reach Rs 2,35,49,748.90 crore -- its record high level -- on July 30.
Six out of top 10 firms lose Rs 96,642 cr in market capAugust 1st, 2021 11:27 Six of the 10 most valued domestic firms witnessed a combined erosion of Rs 96,642.51 crore in their market valuation last week, with Reliance Industries Limited taking the biggest hit. Last week, the 30-share BSE benchmark dipped 388.96 points or 0.73 per cent. While Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever Limited, HDFC and Kotak Mahindra Bank were the laggards, Infosys, ICICI Bank, State Bank of India and Bajaj Finance were the winners.
Smallcaps give higher returns to investors this fiscalAugust 1st, 2021 11:27 Smaller stocks have rewarded investors with high returns as the smallcap index jumped by 29.72 per cent so far this fiscal, outshining its bigger benchmark gauge. An analysis of the performance of smaller stocks in the first four months of the ongoing fiscal revealed that the BSE smallcap index has zoomed 6,137.29 points or 29.72 per cent, while the midcap index has jumped 2,905.91 points or 14.39 per cent.
Where to look for leadership in banking pack in Q2? Mahantesh Sabarad answersAugust 1st, 2021 10:27 “The theme for most of the banks is that the leadership will come once they are up and ahead in terms of cleaning up the books. if you go a little lower in terms of the banks’ sizes, then some of the PSU banks at the lower level -- Uco Bank, Indian Bank or even Canara Bank to some extent-- are doing relatively better when it comes to delivering a good set of results."
Pharma a long-term growth story; consolidation likely in IT: Andrew HollandAugust 1st, 2021 10:27 “In pharma, I would be geared more towards those companies which are exposed globally than locally at the moment. That is where we are going to get the continued tailwinds. It is a very good long term earnings story for the pharma companies in the generic side. in IT, the valuations are stretched for a lot of these companies and so it is hard to see incremental rise from here.”
Sify Technologies revenue jumps 23% in Q1; data centers to push future growthAugust 1st, 2021 10:27 The data center co-location business is one of the fastest growing segments in India and is led by hyperscale cloud providers, followed by enterprises and supporting telecommunications players. He said he expects this to drive the company's future growth, alongside cloud, network and digital services businesses.
RBI policy meeting, auto sales among key factors that may guide markets this weekAugust 1st, 2021 10:27 "The factors that have been at the core of market activity are the recent rise in virus cases indicating a probable revival in the near future, the Fed stance on monetary policy turning more foggy with higher inflation and better growth numbers, and the enhancement of Chinese regulatory oversight mainly on tech, and edu tech companies."
IDFC First Bank posts Rs 630-cr loss in Q1 on pandemic provisionsAugust 1st, 2021 09:27 Gross bad loans also jumped significantly with the GNPA ratio coming at 4.61% versus 1.99% a year ago. Total quantum of bad loans rose sharply to Rs 4,667 crore at the end of the June quarter versus Rs 1,741 crore a year ago. Net NPA ratio came at 2.32% versus 0.51% in the year ago period. The identified stress asset pool stood at Rs 1,371 crore as on June 30. Fresh slippages also rose to Rs 2,800 crore.
Swaminomics: Investors be warned, Unicorns can go bust tooAugust 1st, 2021 09:27 The backing of global finance provides no assurance whatsoever that all the unicorns will succeed. On the contrary, the financiers believe the vast majority will fail. But they have spread their risks by buying into hundreds of such companies, so they can survive the sinking of many ventures. Every Indian investor must ask, do I have the cash, guts, and discipline to follow the same approach?
Relaxo Footwears Q1 up 27.8% to Rs 30.96 croreJuly 31st, 2021 19:27 Revenue from operations rose by 36.73 percent to Rs 497.13 crore during the period under review compared to Rs 363.58 crore in the corresponding period of the previous fiscal.
Select pharma, metal stocks may witness more upside: BissaJuly 31st, 2021 18:27 Yes, Nifty has been holding on to 15600 levels quite tightly but when the world markets are at high levels they tend to create some amount of confusion for the emerging markets and that is what is happening in Indian markets as well.
Fintech Fino Payments files DRHP for Rs 1,300 crore IPOJuly 31st, 2021 18:27 FPBL is a scheduled commercial bank serving the emerging Indian market with its digital-based financial services. The company is a wholly-owned subsidiary of Fino Paytech and is backed by marquee investors like Blackstone, ICICI Group, Bharat Petroleum, and IFC.
PI Industries to acquire API biz from Ind-Swift LabsJuly 31st, 2021 17:27 Ind-Swift Laboratories has agreed to sell its Active Pharmaceuticals Ingredients (API) business to PI Industries on a slump sale basis, both the companies said in exchange notifications.