23-Dec-18 19:12 Hrs IST

DUE TO DOMESTIC INVESTORS SELLING PRESSURE MKT WILL CRASH UP TO 400 POINTS, AND NIFTY WILL CRASH MORE THAN 100 POINTS..

01-Jan-19 06:01 Hrs IST

The domestic equity market is expected to remain volatile amid selling pressure at higher levels. International factors will continue to influence domestic investor sentiment. While domestic macros remain favourable, political uncertainty, strained global geopolitics and brewing trade wars will act as catalysts to create negative sentiment in equity markets. However, given the strong macros, buying may emerge at lower levels and, thus, investors are advised to remain cautious in choosing sector

01-Jan-19 06:01 Hrs IST

The domestic equity market is expected to remain volatile amid selling pressure at higher levels. International factors will continue to influence domestic investor sentiment. While domestic macros remain favourable, political uncertainty, strained global geopolitics and brewing trade wars will act as catalysts to create negative sentiment in equity markets. However, given the strong macros, buying may emerge at lower levels and, thus, investors are advised to remain cautious in choosing sector

02-Jan-19 04:01 Hrs IST

A sharp rally in banking and financial stocks helped benchmark indices snap out of intraday losses and end the first of the New Year on a firm footing on Tuesday. Sensex closed 186 points or 0.52 per cent higher at 36,255 with 20 stocks in the green and 10 in the red. Its NSE counterpart Nifty settled above the 10,900-mark at 10,910, up 48 points

02-Jan-19 04:01 Hrs IST

The Sensex, also known as the sensitivity index, is the benchmark index of BSE Limited and is the most widely tracked equity gauge in India. Officially known as the S&P BSE Sensex since February, 2013, the index captures the performance of the top 30 largest, most liquid and financially stable companies from across major sectors of the Indian economy that are listed on the exchange. It reflects the health of the equity market, investor sentiment and broadly the state of the economy. The Sensex was launched on January 1, 1986, with the base value of 100 set on April 1, 1979. The credit for coining the term, Sensex, goes to Deepak Mohoni, a stock market analyst and IIT, Kanpur graduate and IIM, Calcutta alumnus. As of September 20, 2017, the index was hovering above the 30,000 mark. It is the oldest index in the country, while the Bombay Stock Exchange, now called BSE Limited, is the oldest exchange in Asia. The Sensex is managed and operated by a joint venture between BSE and S&P Dow Jones Indices, a global index manager. The composition of the Sensex is recast or modified from time to time to represent the true composition of the market. Stocks in the eligible universe must satisfy the following eligibility criteria in order to be considered for inclusion in the Sensex. First of all, the stocks must have a listing history of at least six months on BSE. An exception may be granted if the average float-adjusted market capitalisation of a newly-listed stock ranks in the top 10 of all stocks listed on BSE. In such a case, the minimum listing history required is one month. The qualified stock has to trade on every trading day on BSE during the six-month reference period. Also, the eligible companies must have reported revenues for the preceding four quarters. BSE on December 6, 2016 launched the S&P BSE Sensex50 index, which is designed to measure the performance of the 50 largest and most liquid companies within the S&P BSE100 index. Investors, traders and anyone keen on the equity market can track Sensex quotes live on BSEIndia.com, ETMarkets.com and countless other websites and TV channels from 9.00 am to 3.30 pm on all weekdays. Financial markets in India remain closed on Saturday, Sunday and on select public holidays such as Independence Day, Holi, Republic Day, etc. Sensex live graphs and figures are available on the BSE website. Besides Sensex live updates, one can also track real-time data of a slew of other indices such as BSE Midcap index, BSE100 index, various sectoral indices, top gainers, losers on the BSE webpage. As of September 2017, the Sensex index had the following stocks as its constituents: Wipro, Coal India, HDFC, ITC, M&M, Tata Motors, Power Grid, Maruti, Kotak Bank, HDFC Bank, TCS, ONGC, Bharti Airtel, NTPC, Asian Paint, Sun Pharma, Dr Reddy's, HUL, Infosys, Bajaj Auto, Cipla, Axis Bank, Lupin, Adani Ports, SBI, Hero MotoCorp, ICICI Bank, Reliance Industries, L&T and Tata Steel.

05-Jan-19 10:01 Hrs IST

India wants to make it easier for consumers to complain against companies that may not be passing on the benefits of lower goods and services tax (GST) after having slashed rates on a number of items of daily use and Union finance minister Arun Jaitley pledging a single standard slab.

05-Jan-19 11:01 Hrs IST

If an individual has financial goals, it should not be any different for a business. From savings to investment, personal finance deals with the idea of having a set of goals to achieve a set target. Financial goals are important both for your short-term needs and long-term aspirations. For a small business, it should not be any different. However, not many realize or understand what these goals should be. Let us take a look at some basic financial goals that can prove very handy for your business The first essential that every business should have is to have micro and macro goals. Goals are essential so that you have a clear idea about what you are working towards, without which much of your business effort may be chaotic or ad hoc. Financial goals can be micro in nature, which can be very short-term in nature. On the other hand it is important to have macro financial goals that look at long-term objectives of the business. This can be aspects like how to increase revenue, increasing margin and cutting cost. Along with this it is important for a business to have a vision and mission statement. While both vision and mission are generic and not necessarily financial in nature, it does have significant bearing on how a business is to be conducted. For example, if the mission statement is to produce "fresh vegetables to every home" the business has to be structured in a way that fresh vegetables are indeed delivered. Cost is one thing that a business can control. We hear about a company's burn rate, which is essentially the rate at which you are losing money. When your operating expenses are more than your revenue, a company is suffering from negative cash flow. The idea should be to not burn money at all, but to have a positive cash flow. Reduce operating expenses that can be causing a drag on your revenue. This can be unproductive production practices, high cost of shipping, rentals and even employee salaries that can be a product of excessive headcount. It should be your stated goal to keep reducing costs, so that even at times when revenue stagnates, the business does not feel the pressure. As with any loans that you may have as an individual, the business will also have debt. It is very important that you service all your debt regularly and pay the amount due every month, quarter or yearly as the case may be. If you let interest pile up on debt that has not been repaid, it can quickly become a source of major financial problem. Also, as the case with individual debt, not servicing it on time can impact the credit rating of your business. Businesses that are good with repayment paid, it can quickly become a source of major financial problem. Also, as the case with individual debt, not servicing it on time can impact the credit rating of your business. Businesses that are good with repayment also find it easier it raise additional debt when the need arises. Managing cash flow should be one of the most important goals of your business. Many confuse cash flow with being profitable, but this is not the case. Cash flow is all about the amount of money coming into your business versus what is leaving your business in terms of payments. If the amount of money leaving your business is less than what is coming in, you are termed as cash flow positive. Different things like buying and managing inventory, paying suppliers, paying salaries of employees amongst others take cash away from a business. Every small business must ensure that inventory management is in place, receivables against invoices is expedited and make payments closer to the due dates. In the end it should be about cutting costs and controlling cash flow If managing cash flow is very important, being profitable should be the final goal and this can happen if you continuously look at improving your margin. This can be done by increasing the price of the product or services, but this may often be difficult in a price sensitive market. It would then be important for a business to find other avenues to increase margins. This can be through lowering the cost, like negotiating a new deal with your supplier or letting economies of scale play a part in .. your production process. It can also be around reducing expenses on salaries, which can be done by resorting to flexible hiring and employing your staff as consultants. You may also look at cutting your marketing and advertising expenses or find new customers altogether. At the end of the day it should be your constant endeavour to better margins, which in turn will lead to profitability.

05-Jan-19 11:01 Hrs IST

Ignore predictions Pundits can�t help making predictions every new year. It is a different matter how many of those predictions really come true. You might come across many advices like stick to largecaps; ignore smallcaps; time to nibble midcaps etc. You must learn to ignore the noise. You should remind yourself that these advice are general in nature � they are not specific to your needs. Only you or your mutual fund advisor would know about your financial goals a Don�t fear volatility When there are many uncertainties hovering around the horizon, the market is likely to remain listless. The fear of slowdown overseas and the upcoming parliamentary election are likely to contribute to the volatility in the market. If the election result is not in line with expectations, it might add to the volatility. Any setback to the current ruling party or a hung parliament may further add to the chaos. How do you keep your cool? Well, you you should know that the market is unpredictable. For example, an unexpected election result or setback need not result in predictable reaction. The market may ignore it, or it would react violently, but it is not easy to predict it. All you could do is to remind yourself that the stock market can be volatile, but it would deliver in the long term Don�t be adventurous What if things suddenly improve? For example, the current government is voted back to power and suddenly there is optimism all around you. Don�t get swayed by widespread optimism and rocketing indices and take unnecessary risks. The widespread positive sentiment may lift the battered midcap and smallcap stocks or some sectors may jump � that need not be the reason for you to join the party. Stick to your allocations and investment plans. The market sentiment is something you can�t predict � it may not react negatively to some bad news or it may not react positively to some good news. So, it is always better to keep your distance from the market � be aloof to changing sentiments. Be sure about your plans Most investors tend to get nervous during a bleak period because they are unsure of their plans and choices. For example, etmutualfunds.com official Facebook receives many messages from readers looking for reassurances: they want to know whether they have planned it right or chosen right schemes, etc. Visit your mutual fund advisor at regular intervals � talk with him about your concerns and clear your doubts. If you are a DIY investor, brush up your basics, take a re-look at your investment plans and choices. Just ensure that everything is according to your plan. Don�t treat this task lightly � it will go a long way in offering you the confidence in times of uncertainties in the market. Stick to your plans Once you are sure about your plans, you should stick to .. it. You might have come across the phrase so many times in your investment life, but that doesn�t mean you should doubt its value. Ask your mutual fund advisor, financial planner or mutual fund manager, each of them would tell you that you should stick to your investment plan if you want to achieve your financial goals. Do not let anything change your plan � unless there is an earth-shattering event that changes everything.

06-Jan-19 06:01 Hrs IST

Throughout the week gone by, the domestic equity market continued to face resistance at the falling trend line pattern. Though no major downsides were witnessed, Nifty did not make any major upward move either. A major part of the previous week saw addition of a significant amount of shorts, but no short covering came through and Nifty settled the week with a net loss of 132 points or 1.22 per cent Despite so many shorts in the system, the market still waiting for a major upward move. Nifty has just ended below its 50-week moving average at 10,753. This level coincides with the falling trend line pattern resistance as well. This trend line begins from the high of 11,760 and joins the subsequent lower top. Going into a new week, we expect a positive start. It would be important for the market to move past above the 50-week moving average meaningfully and then the subsequent resistance areas on the daily charts. As of now, Nifty50 remains trapped in a narrow range and a sharp move, therefore, on either side is possible. The Relative Strength Index (RSI) on the weekly chart stood at 49.0187; which remains neutral and shows no divergence against the price. The weekly MACD remains bullish, as it continues to trade above the signal line. An engulfing bullish candle has occurred on the charts. Since it has occurred during a downtrend, it sign ..signals a potential bullish reversal. However, it requires confirmation on the next trading bar. All in all, while the market continues to struggle to move past key resistance levels, we expect to see Nifty trade with a positive bias during the coming week. Any meaningful upward move will emerge only after the index moves past the congestion zone at 10,900-10,950. Previous week�s low of 10,628 remains a key support for Nifty. Any move below this level will infuse weakness. With the 10,600 level acting as an important support, Nifty will remain in a defined range with the 10,900-10,950 zone acting as key resistance. interest during the past week. Downsides, if any, are expected to be limited in the coming week, as the existing shorts are likely to lend support at lower levels. We recommend traders to overall exposures limited, preserve liquidity at lower levels and go for only modest purchases at every dip. Shorts should be avoided as it may lead to short squeeze at lower levels unless Nifty breaches key supports. Overall, a cautiously positive approach is advised for the week ahead.

06-Jan-19 07:01 Hrs IST

Foreign Portfolio Investors (FPIs) have pulled out nearly $11.3 billion from Indian debt and equity markets in 2018, the highest since 2008. However, it must be remembered that foreign flows into the bond market are capped and the ceiling has been gradually raised over the years. The outflows of $6.7 billion in 2018 from the debt markets were the result of rising yields. The yield on the benchmark on November, 2016 was 6.187%; it rose nearly 200 basis points to 8.18% in September 2018. In other words, the increase over 22-month period was fairly sharp. On Friday, the yield closed at 7.449. Between August and mid-September 2018, the yield rose sharply by nearly 50 basis points. The combination of rising yields and falling rupee prompted FPIs to offload bonds, especially the sharp depreciation in the currency in the second half of the year prompted sales of bonds. The rupee plunged 8% between August and October, hitting an all-time low of 74.39 against the greenback on October 9. The US Federal Reserve raised interest rates four times in 2018, the last increase being in December 19. Investors sold $4.6 billion from the equities market in 2018 compared with an inflow of $8.01 billion in 2017 and $2.9 billion in 2016. In April, 2018, the Reserve Bank of India (RBI) hiked the limit on FPI investments in gilts to 30% from 20% of the outstanding stock of that security. The quota for FPI investment in gilts is `2.23 lakh crore as on January 4, 2019, according to CCIL data. The utilisation as on January 3 was 74.51% for gilts. The NSDL data show that as of January 3, the limit for FPI investments in corporate bonds is `2.89 lakh crore. The utilised level is 71.14%. Even after the central bank eased norms for investing in debt, in April 2018, foreign investors trimmed their holdings in gsec Towards the end of the year, they bought bonds in November and December as the rupee regained much of its lost value following the sharp fall in the prices of crude oil. On Friday, the rupee was trading at a level of 69.72 to the dollar. Treasurers said the weaker rupee made it less attractive for investors to buy bonds and they were unimpressed by the easier norms. FPIs invest in various debt market instruments such as government bonds (G-secs), state development loans and corporate bonds, but with prescribed limits and restrictions by the central bank.

07-Jan-19 07:01 Hrs IST

A positive start is expected on Monday. We are likely to see the market continue with the pullback witnessed in the last hour of the trade on Friday. The broader market had outperformed in the previous session, and this has kept the market breadth favourable. We will also have positive clues from Friday�s rally in US stock to aid a positive start to Monday�s trade. The 10,787 and 10,865 levels are likely to act as immediate resistance for Nifty while supports may come in at 10,680 and 10,630 level

08-Jan-19 03:01 Hrs IST

Global cues yet again swayed Indian equities on Monday, as benchmark indices Sensex and Nifty extended their bull run into the second consecutive session, backed by gains in IT, energy, auto and private ba nk heavyweights. In sync with most Asian peers, Sensex traded in the positive territory through the day, tracking positive global sentiment in the wake of US Fed�s dovish tone, healthy US employment data and policy easing by the Chinese central bank. The market is showing opt .. optimism over forthcoming Q3 earnings and hopes of a comprehensive trade deal between the US and China

09-Jan-19 05:01 Hrs IST

The Nifty has remained trapped in an ascending triangle and the range with the each passing day is getting narrower. Though the index has not penetrated the resistance area in a convincing manner, we expect a modestly positive start to the trade on Wednesday. The session is likely to remain rangebound unless the index moves past its critical resistance areas ahead. Wednesday is likely to see the levels of 10,873 and 10,900 acting as resistance, if it moves past its 200-DMA. S .. Supports may come in at 10,740 and 10,680 levels.

10-Jan-19 04:01 Hrs IST

Headline equity indices Sensex and Nifty remained on the upward trajectory for the fourth consecutive day on Wednesday. The surge in stocks was fuelled by bank, financials, auto and FMCG heavyweights, whereas gains in global stocks on hope of a US-China trade deal kept the momentum upbeat. The market witnessed a sharp plunge for a brief period on bouts of profit booking on select blue chip counters led by banks. However, the selling spree proved shortlived and the market reboun ..rebounded from the day�s low to settle in the positive territory. Sensex finished the day 232 points higher while Nifty gained 53 points.

12-Jan-19 22:01 Hrs IST

Technical outlook Nifty50 has formed a Triangle Pattern, which suggests that Mr Market is not certain in which direction it will move. Besides, major moving averages (200, 100 and 50 EMAs) are converging, which further confirms that the market is in an indecisive phase and about to move sharply. The likely move will be downwards, given the structure of the Triangle. We would advise a 'sell on rise' with a stop loss placed above 11,000 level on the Nifty50. Outlook for the week The market is likely to stay volatile in the coming week. Investors would await the details of trade talks between US and China. These deltails may influence financial markets the worldover. Investors are advised to be on the sidelines and book profits at higher levels. Buying at lower levels would be prudent, given the uncertainties and muted corporate numbers.

13-Jan-19 06:01 Hrs IST

For retail investors, 2018 has been rather dismal. A large number of equity schemes have underperformed their benchmark indices. According to data from mutual funds data-tracking agency Accord FintechNSE 0.00 %, 30 investment plans of 32 large-cap schemes have been unable to outperform their benchmark indices. The key reason for this is the lack of earnings growth, which has made the task of identifying ideas a tad difficult for fund managers. Experts point out that earnings growth in 2 .. 2019 would not be secular either and only select themes would work. They suggest a combination of banking and PSU bond schemes, liquid funds of large Asset Management Companies (AMCs), and balanced and multi-cap schemes (with at least five-year SIP horizon) for retail investors to tide over the various uncertainties in 2019. The uncertainty surrounding the generalNSE -1.94 % elections outcome, the pace of interest rate increases by the US Federal Reserve, and geopolitical unkno .. geopolitical unknowns in 2019 point to periods of extreme volatility. To deal with this, retail investors require a low-risk portfolio, which holds the promise of reasonably good returns in volatile markets. �There are quite a few important developments next year and these may keep the markets volatile.... To beat this volatility, I think retail investors need to create defensive portfolio,�

13-Jan-19 06:01 Hrs IST

here are a few pointers you must keep in mind. One, you should always choose your mutual funds based on your financial goals, investment horizon, and risk profile. If you are goals need to be met within less than five years, you may consider investing in debt mutual fund schemes. If you are investing for long-term goals of over five years, you may consider hybrid or equity schemes. Note, it is extremely important to choose a debt mutual fund scheme that matches your investment .. horizon. Even while choosing equity mutual fund schemes, you should not overlook this aspect. For example, you should have a minimum investment horizon of five to seven years to invest in an equity scheme. However, if you are investing in midcap or smallcap schemes, you should have a longer investment horizon (seven to 10 years). However, you should keep in mind that all debt or hybrid or equity mutual funds have the same element of risk. Some schemes are riskier than the others. For ex .. For example, liquid mutual fund schemes are least risky among debt mutual funds, whereas credit opportunity schemes can be highly risky. Similarly, a smallcap scheme is riskier than a largecap or multicap scheme.

14-Jan-19 06:01 Hrs IST

We expect a stable and modestly positive start to the week on Monday. Friday had seen relative underperformance of Indian market against Asian peers. With absence of any major global negative news flow, we may Nifty getting a head start on a stable note. Monday will see 100-DMA, which is at 10,855 followed by 10,890 acting as immediate resistance levels. Supports may come in at 10,740 and 10,670 areas. On the other hand, with the market continuing to remain in the present range, shorts should be avoided. Overall, highly stock-specific and cautious approach is advised for the day.

15-Jan-19 02:01 Hrs IST

The NSE benchmark Nifty extended losses for a third straight session on Monday and ended with a fall of 57.35 points or 0.53 per cent. At one point, the index was down nearly 100 points, but buying in the second half pushed up stocks a bit, as Nifty managed to hold on to its 50-DMA at the close. The market continued to remain in the present area formation, and with the range getting narrower, the negative bias is weighing heavily on the index. We expect a flat start .. to the trade on Tuesday, but maintaining level above 10,700 will be important for Nifty. The 50-DMA, which is at 10,717 will continue to remain an important support to watch for at the close. Tuesday is likely to see the levels of 10,800 and 10,855 acting as immediate resistance. supports may come in at 10,695 and 10,640

16-Jan-19 10:01 Hrs IST

After opening with mild gains, Sensex rose over 130 points and Nifty topped 10,915 within first 10 mins of trade, on back of healthy buying in bank and energy stocks. At 9:30 am, the BSE Sensex was 119 points, or 0.33 per cent, up at 36,438, while the Nifty50 index was 32 points, or 0.29 per cent, up at 10,918.

17-Jan-19 04:01 Hrs IST

The NSE benchmark Nifty on Wednesday remained in the current area formation and continued to consolidate near its critical resistance zone of 10,900-10,950. Despite a positive opening and making a high of 10,928, the index hea ded nowhere and traded in a capped 40-point range. Nifty finally settled with a gain of 3.50 points or 0.03 per cent. Expect a quiet start to the trade on Thursday. However, Nifty may attempt to break out from the present pattern. Such a breakout will occur only ..

17-Jan-19 04:01 Hrs IST

after the index moves past the 10,900-10,950 zone, which is an important resistance area. Sustainable upmove shall occur only after these levels are taken out. Thursday is likely to see the levels of 10,950 and 11,025 acting as immediate resistance area. Supports may come in at 10,840 and 10,800. The Relative Strength Index (RSI) on the daily chart stood at 55.9891 and it stayed neutral, showing no divergence against the price. The Daily MACD has shown a

17-Jan-19 04:01 Hrs IST

positive crossover and is now bullish, as it traded above its signal line. break out from the present pattern, Nifty will have to move past the 10,900-10,950 zone. Sustainable upmoves shall occur only after these levels are taken out. Until this happens, we will see Nifty consolidating in a capped range. The F&O data, when read along with the present structure on the charts, suggests buoyant undercurrent. This means that unless the Nifty breaches the 10,800 mark on the downside, we will not see any significant weakness creeping in. We recommend .. staying away from creating shorts and all periods of consolidation should be used in making select purchase as the present undercurrent remains intact.

18-Jan-19 04:01 Hrs IST

In an extremely volatile session on Thursday, the NSE benchmark Nifty recovered from the day�s low to end with modest gains. The positive start saw the Nifty opening exactly near its resistance area of 10,900-10,950 zone. Thereafter, the index pared all its gains and lost over 80 points from the day�s high. Nifty then saw itself taking support near its 100-DMA and made a sharp rebound to finally settled with a gain of 14.90 points or 0.14 per c ent. The last hour rebound came .. on the back of short covering, which took place near the important support levels. We once again expect a positive start to the day, and see Nifty looking to move past the important 10,900-10,950 resistance area, which is critical for the market, as it tries to achieve a breakout. As of now, Nifty remains in the ascending triangle formation while consolidating in a defined range. Friday will see the level of 10,950 and 11,030 acting as immediate resistance, while su .. while supports may come in at 10,840 and 10,810.

20-Jan-19 04:01 Hrs IST

Be ready to receive the I-T Department�s notice if you have made above Rs 20,000 cash transaction in a property purchase in Delhi. I-T Department�s Delhi division is going to start a drive against property purchases where the cash transaction crosses the limit of Rs 20,000. �Income Tax Department�s Delhi division is short-listing the registry of properties involving cash payment above Rs 20,000. I-T Dept has scanned all the registries made from 2015 to 2018 when I-T teams visited all 21 ..Registrar offices of Delhi. They scanned all the registries done from June 1, 2015, to December 2018 where the cash payment above Rs 20,000 was made,� a senior I-T Department official said, requesting anonymity. In order to curb the generation of black money by way of dealings in cash in immovable property transactions, Section 269SS of the Income-Tax Act effected some changes for the realty sector in 2015. As per the tax law formulated by the Central Board of Direct .. Taxes (CBDT), which is effective from June 1, 2015, any transaction in real estate including agriculture land shall be required to be made through account payee cheque or real-time gross settlement (RTGS) or electronic funds transfer if the amount is Rs 20,000 or above. If the cash transaction beyond the limit is done, then a penalty of an amount equal under Section 271 D of Income Tax Act will be imposed on a seller who accepts cash or refund of advance is made in cash by the seller of .. Taxes (CBDT), which is effective from June 1, 2015, any transaction in real estate including agriculture land shall be required to be made through account payee cheque or real-time gross settlement (RTGS) or electronic funds transfer if the amount is Rs 20,000 or above. If the cash transaction beyond the limit is done, then a penalty of an amount equal under Section 271 D of Income Tax Act will be imposed on a seller who accepts cash or refund of advance is made in cash by the seller of .. the property. The assessment officer of I-T Department will start sending notices from next month. The notices will be sent to both the seller and the purchaser. The seller will be asked to pay the penalty of an equal amount if he has accepted cash above Rs 20,000. �We will also ask the source of money with the purchaser,� added the I-T officer.

20-Jan-19 05:01 Hrs IST

Calendar 2018 had started on an optimistic note, as equities had generated relatively better returns in 2017. The Nifty 50 index had risen by 28 per cent in 2017, while the Nifty Mid-cap 100 had returned 47 per cent and the Nifty Small Cap 250 index posted 57 per cent. The mid-cap valuations as indicated by NSE midcap trailing PB relative to Nifty were at a decade high. Most of the market looked fully valued and most of the smallcaps and midcaps looked overvalued. In CY2018, the Nifty 50 returne .. returned merely 3 per cent. The mid-cap universe ended with a 15 per cent decline and the Small-cap Index declined by 27 per cent. Hence, the lesson to learn from 2018 is that valuations matter. If you started to invest when valuations were at peak, it is likely that you will end up losing money as markets correct. Where do we stand today? When we compare the start of 2019 with that of previous year, it appears that there is a higher margin of safety today. The easing of crude oil price .. prices, persistent weakness in inflationary trends and the easing of bond yields have resulted in a marked improvement in macroeconomic conditions. Earnings growth is set to revive meaningfully in FY19-20, primarily driven by peaking out of NPA-related provisioning requirements for banks. If we compare the market cap to GDP at 81 per cent (December 31, 2018) with 149 per cent as seen on December 31, 2007, it clearly indicates we are not anywhere near the bubble territory but in fair value zone. .. Currently, we find that around 80 per cent of the stocks are fairly valued and a small set of stocks could be considered overvalued. In 2018, there was a big divergence not only in the returns profile of mid and large caps, but also among the sectors indices. There were sectors such as IT and FMCG which generated double-digit returns, while sectors such as realty, media, metals, auto and telecom lost ground in double digits. The story continues for the banking space with the private sector appre .. appreciating, while the public sector banks continuing to weigh under the NPA pressure. NBFCs, which had a stellar run, saw a brief reversal in its fortunes owing to the large potential defaults. Keeping in view this 2018 experience, we believe year 2019 is likely to be about stock picking, which can help generate healthy returns for investors. India as an investment destination continues to hold sway given the burgeoning domestic demand, lower interest rates, fall in crude oil prices, .. prices, all of which helps in improving the economic activity in the country. Furthermore, corporate earnings, which have been languishing over the past few years, may see a revival this year supported by revival in credit demand, various investment initiatives started by the government, reforms playing out in various sectors, etc. However, one cannot rule out volatile times through 2019 owing to generalNSE 0.00 % elections, trade wars and a possible rise in crude oil prices. Hence, we believe f .. from a retail investor�s point of view, it becomes easy to look at 2019 as a year for systematic investing

20-Jan-19 05:01 Hrs IST

The previous week saw the markets remaining range bound and oscillated in a 250-point range while ending with a modest gain. Though the markets did not take any directional call on either side, it saw significant amount of volatility within the defined range. While holding on to the 50-week MA level which is 10,749 at close, the Nifty ended the week with gains of 112 points (+1.04%) on a weekly basis. Despite staying range bound, there are a couple of technically important poi .. that should be taken note of. On the daily charts, the Nifty rebounded more than once from the important support zone of 200-DMA and 100-DMA, which are important pattern support for the markets. On the weekly charts, the index has managed to crawl further above its 50-week MA, which is 10,749. In the coming week, we expect the markets to make a decisive directional call. For this to happen, the move beyond 10,950-mark will be important. All throughout the coming week, the level of 10,950 will be important to watch. Any decisive move beyond that will see the Nifty testing the lower trend line of the upward rising channel that it breached on the downside in the first week of October 2018. We expect the levels of 10,950 and 11,300 acting as immediate resistance levels while supp .. are expected to come in at 10,810 and 10,670. The weekly RSI is 53.0944. It has marked a fresh 14-period high, which is bullish. RSI does not show any divergence against the price, but it is seen breaking out of a minor formation. The weekly RSI is 53.0944. It has marked a fresh 14-period high, which is bullish. RSI does not show any divergence against the price, but it is seen breaking out of a minor formation. The weekly MACD remains bullish while trading above its signal line and remains in continuing buy mode. A small white body emerged on candles. It has emerged near the support area of 20-week MA and 50-week MA. Apart from this, it remains insignificant in the present context. The zone of 10,900-10,950 might provide some resistance for some more time, but any meaningful breach of those levels on the upside will not only give a breakout from the ascending triangle formation on the daily ch .. daily charts, but also provide the impetus and strength needed to the index to make significant advancements on the weekly charts. However, on technical grounds, unless the zone of 10,900-10,950 is meaningfully taken out, we suggest adopting highly stock and sector-specific approach. Exposures should be kept moderate unless a breakout is achieved. Shorts, however, should be avoided as underlying intent of the markets remains buoyant. In our look at Relative Rotation Graphs, .. shows that the infrastructure index and Nifty Mid 50 index have continued to lose momentum despite remaining in the leading quadrant. The BankNifty Index, along with Services Sector and Financial Services index remains in the leading quadrant, is seen stable. The PSUBank Index remains in leading quadrant, but is seen taking a breather and has shown mild signs of slowing down along with the Auto index which is in the improving quadrant. FMCG, Energy and IT packs are seen getting stronger .. on their momentum when compared against the broader markets. CNX Metal, Pharma and PSE indices are seen continuing to lose ground and apart from stock-specific performances that will be seen, no major index level advancement is likely.

22-Jan-19 04:01 Hrs IST

Equity market made a half-hearted attempt to breakout on Monday, as the NSE benchmark Nifty spent the entire session above the all-important 10,950 level. The index opened on a flat note and after a soft start it soon saw a sharp up move in the morning trade. This took the index above 10,950, which is the breakout level of the present pattern formation. However, despite maintaining its gains, a clear breakout still eluded the market, as the index settled with a gain of 54.90 points or .. or 0.50 per cent. As we step into Tuesday�s trade, the analysis remains on similar lines, as Nifty�s behavior against the levels of 10,950 will be important. A stable opening is expected, but to put more strength in the attempted breakout, Nifty will have to stay above the 10,950 mark and move up with conviction. Any slip below 10,950 will push the market into some more consolidation. Tuesday is once again likely to see the levels of 11,010 and 11,065 acting as immediate resist area. Supports may come in at 10,950 and 10,865 On the other hand, unless a clear and clean breakout is achieved, fresh purchases should be kept limited and profits should be protected at higher levels.

22-Jan-19 04:01 Hrs IST

The BSE benchmark Sensex continued its winning run for the fifth straight session Monday, rallying 192 points, and the NSE Nifty inched toward the 11,000 mark, riding on strong Q3 earnings by some bluechip companies, coupled with positive global cues. The 30-share index settled at 36,578.96, up 192.35 points, or 0.53 per cent. The Nifty touched the session high (intra-day) of 10,987.45; and finally closed the session with a rise of 54.90 points, or 0.50 per cent, at 10,961.85.Sensex jumps 192 pts, Nifty tops 10,950; RIL rallies 4%

23-Jan-19 05:01 Hrs IST

Losses in metal, bank and auto heavyweights amid weak global cues made domestic equity benchmarks snap five-session winning streak on Tuesday. The market traded in the negative zone throughout the day, as gloom in global markets extended to the domestic bourses. Emerging stocks and currencies slid, as fears of slowing global growth spooked investors and made them move towards safe haven assets. closed with a cut of 134 points, or 0.37 per cent, at 36,444.64, while Nifty settled 39 points, or 0.36 per cent, lower at 10,922.75. BSE Midcap and Smallcap indices fell 0.09 per cent and 0.49 per cent, respectively

24-Jan-19 00:01 Hrs IST

The two-day fall in market wiped off over Rs 1.10 lakh crore wealth as the cumulative market capitalisation of BSE-listed firms plunged to Rs 1,42,04,842.87 crore on Wednesday from Rs 1,43,15,583.11 crore on Monday. On Wednesday alone, the market's loss read nearly Rs 74,199 crore.

26-Jan-19 03:01 Hrs IST

Nifty50 settled below the 10,800 mark on Friday and formed a large bearish candle on the daily chart. The upper wick of the candle was long, suggesting sharp intraday reversal that eventually dragged the index below multiple short-term moving averages. The bears have tightened their grip and some more weakness is in the offing, said analysts. For the day, the index fell 69.25 points, or 0.64 per cent, to 10,780. With Friday�s fall, the index has broken the swing low of 10,798, .. 10,798, which confirms the next impulse on the downside,

28-Jan-19 05:01 Hrs IST

December quarter earnings of heavyweights, including Kotak Mahindra BankNSE -0.13 %, ITC, YES Bank and Maruti Suzuki India, remained most dominant themes for the domestic stock mark et during the week gone by. Global cues and crude oil�s volatility also influenced mood, but not as much as the third-quarter numbers that swung the market. Last week, Sensex slipped 361 points or 1 per cent, while Nifty suffered a loss of 126 points or 1.16 per cent. The domestic stock market may have to endure bouts of volatility as January series futures & options contracts expire on Thursday, and investors roll over positions to the February series. Nifty futures closed in the negative at 10,788 with a 0.74 per cent loss on Friday. On the options front, maximum Put open interest was at strike price 10,800 followed by 10,700 while maximum Call OI was at 11,000 followed by 10,900 levels. Meaningful Call writing was seen at 10,800 follo .. followed by 10,700 while maximum Call OI was at 11,000 followed by 10,900 levels. Meaningful Call writing was seen at 10,800 followed by 10,900 levels, while Put unwinding was seen at all immediate strike prices. The option band signified a lower trading range between 10,700 and 10,900 levels.

28-Jan-19 05:01 Hrs IST

Indian stock market witnessed a disappointing session on Friday, as the NSE benchmark Nifty failed to capitalise on the positive start. After testing the 10,932 level, the index once again found stiff resistance in the 10,900-10,950 zone, and it settled with a loss of 69.25 points 0.64 per cent. Indian equities have underperformed both global and Asian peers off late. Since this is a Budget week, the forthcoming sessions will be interesting for the market. As of now, Nifty h .. managed to hold on its 50-DMA, which is at 10,780 level. The range of 10,780 to 10,837 levels remains an important support zone, as it has all the key DMAs -- 50, 100 and 200 -- in this range. Global markets have remained steady and this may again give Indian market a positive start on Monday. However, post the expected positive opening, now it will be critically important for the index to sustain at higher levels to avoid any major weakness from creeping in. The levels of 10 .. of 10,840 and 10,900 will act as immediate resistance area, while supports are expected to come in at 10,750 and 10,680.

29-Jan-19 05:01 Hrs IST

Monday blues came back to haunt benchmark stock indices as the Sensex and the Nifty tanked 369 points and 119 points, respectively. As many as 36 stocks of the Nifty turned red. Adani Ports plunged over 12.53 per cent, followed by Indiabulls Housing Finance (down 6.51 per cent), Bajaj Finance (down 5.45 per cent), YES Bank (down 5.28 per cent) and Bajaj Finserv (down 4.30 per cent). On the other hand, some buying in Zee Entertainment, Bharti Infratel, Larsen & Toubro, TCS .. Coal India capped the downside.

29-Jan-19 05:01 Hrs IST

Dalal Street has had a weak start to an extremely important week, that will see the unveiling of the Interim Budget, rollover of F&O contracts, US Fed�s rate-setting meeting and some major earnings announcements. The Finance Minister will present the Vote on Account to Parliament on February 1, Friday, for the first three months of the new financial year before the new government presents a full-fledged Budget in July. The domestic stock market may have to endure bouts of volatility as January series futures & options contracts expire on Thursday. Then, earnings of some top companies like Axis Bank, Bank of Baroda, HDFC, HCL TechnologiesNSE 0.87 %, Bharti AirtelNSE -0.76 %, Hero MotoCorpNSE -2.68 %, Bajaj AutoNSE -2.31 %, ICICI BankNSE -3.82 % and State Bank of India are lined up. The US Fed will hold its first monetary policy meet of 2019 on January 29-30.

29-Jan-19 05:01 Hrs IST

The Nifty50 index opened flat but witnessed sustained selling pressure for most part of Monday�s session. It has broken the rising support trend line that connects the recent swing lows of 10,004, 10,333 and 10,700 levels. It has also broken the formation of higher swing lows as it slipped below the recent swing low of 10,692 level. The index formed a bearish candle on the daily scale and has been forming lower lows for past five sessions. As long as it holds below the 10,750-10,777 zon .. Nifty50 can slip towards the next swing low support at 10,630 and then 10,535 level, while on the upside, a major hurdle is seen at 10,777 and then 10,850 levels.

30-Jan-19 04:01 Hrs IST

India's main stock indices have remained resilient compared to many other markets since last Union Budget but that does not paint the real picture. Beneath the surface, there has been a dent on investor wealth. Indian companies excluding top 10 stocks have lost whopping Rs 23.22 lakh crore or 19% of the market capitalisation due to macro-economic uncertainties, US-China trade war and expensive valuations. In the 50-share Nifty, 26 stocks are currently trading 20% below their 52 week hig .. highs. When an index falls 20% continuously, it is said to be in a bear phase. Again 32 of the Nifty 50 stocks are currently trading below their 200 days moving averages.

30-Jan-19 05:01 Hrs IST

The market closed the session on a flat note after witnessing consolidation on January 29 as traders remained cautious ahead of the Interim Budget and F&O expiry later this week. The losses led by banking & financials and auto stocks were offset by the rally in FMCG, IT and pharma stocks. The 30-share BSE Sensex was down 64.20 points at 35,592.50 while the Nifty 50 fell 9.30 points to 10,652.20 and formed 'Long Legged Doji' kind of pattern on the daily scale. "The internal structure i.e. the hourly chart shows that the Nifty has formed an Impulse on the downside from 10,931 to 10,583 & is now undergoing a retracement," Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan by BNP Paribas told Moneycontrol. As per a higher time frame, he said the bounce can be labelled as a fourth wave pullback and is soon to be followed by another leg on the downside. "Thus sell on rise would be the strategy going ahead." On the higher side, 10,720-10,750 shall be the key area where one can look to initiate a fresh sell position, he said, adding overall trend for the Nifty continues to be down. The typical long-legged Doji pattern is formed when the opening price is almost equal to the closing price but there was a lot of intraday movement on either side. trend for the Nifty continues to be down. The typical long-legged Doji pattern is formed when the opening price is almost equal to the closing price but there was a lot of intraday movement on either side. Nifty took support from the previous swing low and lower Bollinger band placed around 10,580 levels. "Sustained trade above today’s high (10,690) will resume the upmove taking the index higher towards immediate resistance zone of 50 DMA & 100 DMA placed around 10,780 levels. Moreover, a close below the strong support (10,640) will push prices lower towards 10,580 levels," Shabbir Kayyumi, Head of Technical Research at Narnolia Financial Advisors said. The broader markets outperformed benchmark indices as the Nifty Midcap index rose 0.3 percent and Smallcap index was up 0.2 percent. India VIX fell by 2.5 percent to 18.42 levels but overall higher volatility is keeping the volatile swing in the market with restricted upside. We have collated top 15 data points to help you spot profitable trades: Key support and resistance level for Nifty The Nifty closed at 10,652.2 on January 29. According to Pivot charts, the key support level is placed at 10,593.83, followed by 10,535.47. If the index starts moving upward, key resistance levels to watch out are 10,700.43 and then 10,748.67. Nifty Bank The Nifty Bank index closed at 26,573.40, down 79.65 points on January 29. The important Pivot level, which will act as crucial support for the index, is placed at 26,428.73, followed by 26,284.06. On the upside, key resistance levels are placed at 26,730.93, followed by 26,888.47. Call Options Data Maximum Call open interest (OI) of 44.52 lakh contracts was seen at the 11,000 strike price. This will act as a crucial resistance level for the January series. This was followed by the 10,900 strike price, which now holds 38.33 lakh contracts in open interest, and 10,800, which has accumulated 36.33 lakh contracts in open interest. Meaningful Call writing was seen at 10,600, which added 4.34 lakh contracts, followed by 10,700 strike which added 4.25 lakh contracts and 10,800 strike which added 0.83 lakh contracts. Call unwinding was seen at 10,900 strike, which shed 9.85 lakh contracts, followed by 11,000 strike which shed 5.72 lakh contracts and 11,100 strike which shed 2.55 lakh contracts Put Options data Maximum Put open interest of 27.01 lakh contracts was seen at the 10,500 strike price. This will act as a crucial support level for the January series. This was followed by the 10,600 strike price, which now holds 24.95 lakh contracts in open interest, and the 10,700 strike price, which has now accumulated 24.71 lakh contracts in open interest. There was hardly any Put writing seen. Put unwinding was seen at the strike price of 10,800, which shed 6.3 lakh contracts, followed by 10,900, which shed 5.04 lakh contracts and 10,400, which shed 2.3 lakh contracts.

31-Jan-19 06:01 Hrs IST

The Nifty50 settled flat on Wednesday but negated the formation of a lower low ahead of Thursday�s F&O expiry and Friday�s interim Budget. Analysts believe the bears have an edge over the bulls, as the index ended up forming a bearish candle on the daily chart that resembled a Bearish Belt Hold. The index has managed to hold multi-week support in the 10,600-10,550 zone, which remains a crucial support to watch out for, said Rajesh Palviya of Axis Securities. During the session, the index reclaimed the 10,700 level at opening bell, but that level proved to be the intra-day high as the index drifted lower as the session progressed. It settled the day 0.40 point lower at 10,651. The index has failed to confirm a short-term trend reversal, The daily chart shows this is a Fourth Wave bounce. It is expected to be followed by another leg on the downside. Thus, sell on rise should be the strategy going ahead, with the 10,720-10,750 zone likely to be the key area to initiate fresh sell positions. A breach of the swing low of 10,583 would set off the next leg down without further bounce

01-Feb-19 06:02 Hrs IST

As you read this, hopefully before Piyush Goyal presents the interim Budget in Parliament today, the hand-wringing over another Budget � the last one of this government before the Lok Sabha election � continues. Will GoI meet its fiscal target after goods and services tax (GST) and disinvestment shortfalls? Will it be forced to cut an already meagre capex? Will it provide a big handout to farmers? Will the combined central and state fiscal deficit balloon out of control? Will the path .. of fiscal consolidation be maintained next year when earlier announced schemes such as Ayushman Bharat have to be paid for? Instead of the perennial tinkering at the margins, could we ask what a dream Budget at this stage of India�s development looks like? But first, a look at the context in which we face today�s Budget. The Glass is More Empty India has made remarkable progress since liberalisation some 25 years ago. Its GDP has grown almost 10-fold si .. since, making it the sixth-largest economy in the world. But much remains to be done. India is a low middle-income country with per-capita GDP of around $2,000, behind all other G20 economies. Poverty, and child and maternal mortality are declining, but they remain too high in many parts of the country, and 9-10 million households fall back into poverty due to illness. Rural distress has increased, and lack of employment remains a huge issue. Important reforms were undertaken in the last five years � notably, huge fiscal decentralisation, GST, Insolvency and Bankruptcy Code (IBC) and Ayushman Bharat. There�s been progress in expanding education, improving the score on ease of doing business and in addressing corruption. But huge challenges remain. The growing uncertainty and tensions in the global economy will require India to lift its game even higher in the next five years. First, India needs another round of reforms to r .. reforms to reboot its economic vitality. Sclerotic labour regulations have proven to be anti-worker. India�s producers suffer the world�s most inefficient and least inclusive financial system. Its trade and industrial policy needs a strategic thrust to help India gain greater share in global markets as well as to reverse the growing threat of de-industrialisation. Agriculture needs modernisation to help farm incomes grow and to better preserve natural assets. India also needs less red .. tape and confusing, overlapping (over-)regulation, as well as judicial and police reforms. Second, to be more competitive, India needs to shift from �hand-outs� to �hand-ups�. There is inordinate attention in generating schemes for handouts � universal basic income (UBI), quasi-UBI (QUBI) � especially before elections. India needs to focus more on hand-ups to help farmers, entrepreneurs and exporters to become more competitive and increase employment. Instead of new schemes to provide .. more subsidies and quotas, people need more opportunities to lift themselves by the bootstraps and increase the economic pie. Third, the role of the State must be strengthened and expanded in some areas but reduced in others. GoI�s balance-sheet must shift from less Stateowned companies and banks, to more schools and health facilities, better sanitation, roads and railways. A Better Savings Scheme Given this context, what would a dream Budget look like? .. Better targeted subsidies � such as a shift to direct benefit transfer (DBT) for small farmers instead of free electricity and fertiliser subsidies, along with cash transfers to consumers instead of leaky fair price shops � and reforming the lumbering Food Corporation of India (FCI) could help save close to 2% of GDP. A better functioning GST should eventually help increase revenues by around 3% of GDP. Direct tax reform coupled with elimination of exemptions, and higher property taxes .. taxes could add another 3% of GDP to public revenues. Finally, more aggressive privatisation and share sales of both public companies at the central and state levels, as well as some state banks, could bring in another 2% of GDP for the next five years. These funds could be utilised to increase public spending on education and skills development by 3% of GDP, from the current levels of around 3%. Public spend on health and sanitation should be increased by at least 2% from th .. GDP. Some will argue against this. But as private investment (which has been in aslump) increases, its financing needs will increase. If the public sector borrowing requirement does not decline, there will be huge pressures on the government security (G-sec) yields, jeopardising public debt dynamics. If we think such bold changes are just a dream, we must remember Khalil Gibran�s lines, �Yesterday is but today�s memory, tomorrow is today�s dream.�

02-Feb-19 05:02 Hrs IST

Nifty50, which at one point was on the verge of reclaiming the 11,000 mark in Friday�s trade, finally settled near the 10,900 mark. The index formed a High Wave candle on the daily chart. The long upper wic k on the candle reflected the selling pressure that the index faced at higher level. The 10,985-90 range may prove a strong resistance for Nifty in the coming days. On the flip side, the 10,820 level may offer some support, experts said. For the day, Nifty rose 62.70 points, points, or 0.58 per cent, to 10,893. The High Wave candle suggested a tug of war, as dips got bought into and hurdles were intact at higher levels, Charts showed the index has formed a bullish candle on the weekly scale, with long lower shadow. This pattern is signalling a volatile movement in the market

02-Feb-19 06:02 Hrs IST

Benchmark Sensex ended over 212 points higher in see-saw trade Friday after the government presented a farm-friendly, consumption-oriented Budget ahead of the general elections. After rallying over 500 points to hit the day's high of 36,778.14, the 30-share index gave up all gains and sank to 36,221.32 in late-afternoon trade. It finally ended 212.74 points, or 0.59 per cent, higher at 36,469.43. Similarly, the 50-share NSE Nifty jumped 62.70 points, or 0.58 per cent, to close at 10,893.65.Sensex jumps 212 pts on Budget proposals, Nifty ends at 10,894

03-Feb-19 18:02 Hrs IST

Friday session on Dalal Street went off much on the expected lines. The markets saw a steady start and after remaining rangebound in the morning session, it reacted in an extremely volatile manner to the Interim Budget proposals. At one point, Nifty came off nearly 150 points after a sharp rise only to recover again. After such wild swings back and forth, the benchmark index ended the day 62.70 points, or 0.58 per cent, higher. In one of our previous notes, we had mentioned that despite any volatility or upward moves that the market may witness, it will continue to be broadly guided by macro technical level. Going by Friday�s trade, even with the strongest of the initial moves, the index halted the moment it went beyond the all-important 10,950 mark, which is acting as a resistance for many weeks now. To put this in perspective, unless Nifty moves past this level, sustainable upward moves would be difficult to come by. Monday�s session might see a flat to modestly positive start. The Interim Budget is likely to be taken positively and as one of the balanced ones, and we might see Nifty attempt to inch higher once again. The index is now trading above its key moving averages. Going forward, we expect the market to face resistance at 10,950 and 11,085 levels. Supports come in at 10,840 and 10,760 levels. The Relative Strength Index (RSI) on the daily chart stands at 55.8109. It remains neutral and shows no divergence against price. The daily MACD remains bearish as it trades below the signal line. A white body has emerged on the candles. Apart from this, no significant formations were observed. Through pattern analysis of the daily charts, it was observed that despite the failure of the ascending triangle formation, Nifty continues to be in a broad range. Also, along with this, the index remains trapped in a range with the 10,950 level acting as a major resistance for the immediate short term. Overall, Nifty is expected to remain in a broad range and trade with a positive bias. It is also expected to make attempts to inch higher towards 10,950 level and move past it. On the other hand, the 10,740-10,840 zone remains an important support zone, as all key moving averages fall in this area. We recommend avoiding shorts. Keep making stock-specific purchases as long as the indices remain above their critical supports. A cautiously positive outlook is advised for the day

03-Feb-19 18:02 Hrs IST

Realty developers are aligning their business strategies with market realities by offering more ready-to-move-in apartments with affordable ticket prices. Of the total 6.73 lakh units of unsold housing inventory, nearly 85,000 units are currently ready-to-move-in across the top seven cities. What�s interesting is that out of these total unsold ready-to-move options, nearly 60% of the units are in the affordable and mid segments priced below Rs 80 lakh, showed data from Anarock Property .. Consultants. Homebuyers are also showing more preference towards picking up such properties as completed properties that have received completion certificate get exemption from 12% Goods & Services Tax (GST). Currently, the bulk of end-user as well as investor demand are skewed heavily towards affordable and midsegment properties in this price bracket. Anarock�s consumer sentiment survey for the second half of 2018 also revealed that nearly 67% of the aspiring homebuyers pr .. preferred to buy properties within this budget range.

06-Feb-19 04:02 Hrs IST

The stock market continued to consolidate on Tuesday after a shaky start and ended the day with a modest gain. The NSE benchmark Nifty again witnessed resistance at the 10,950 level and never moved beyond that. The index ended the day with a gain of 22.10 points or 0.20 per cent. The Nifty had a tryst with its critical resistance level of 10,950 once again. It resisted hard to that level, but did not moved past that mark despite spending considerable time near that mark. On t positive side, the index also did not see any sell-off originating from this resistance area. As we step into Wednesday, the session remains important from the technical perspective. We expect a positive start to the trade, and may see Nifty attempting to break above the 10,950 level. If the index moves past this zone, it would be very important to observe the price behaviour against the level. As long as Nifty is not able to move past the 10,950 zone, we will see the market .. market continuing to consolidate. Wednesday is likely to see levels of 10,950 and 11,085 acting as immediate resistance area. Supports may come in at 10,890 and 10,840. The daily RSI stood at 58.0061 and it remained neutral, showing no divergence against the price. The daily MACD was bullish and it traded above its signal line. The pattern analysis of the daily chart revealed that Nifty was attempting to move past the 10,950 level once again. The index has been resisting to this level for the past several weeks, and it needs to move past this for a sustainable rally. Overall, the F&O data suggests that the undercurrent remained intact. T .. The market stared at a possible breakout, but for this to happen, moving past the 10,950 level and staying above it will be important. We expect the buoyant undercurrent to persist and recommend making select purchases that are rotating favourably. A positive outlook is advised for the day.

06-Feb-19 04:02 Hrs IST

The Interim Budget proposal to hike tax deducted at source (TDS) limit on interest earned is likely to make bank deposits attractive, which can even take some sheen off equities and mutual funds, say analysts. Real estate investment may also pick up following the Budget sops, they said. Among many popular announcements made in the Interim Budget 2019, Finance Minister Piyush Goyal proposed to raise the TDS limit on interest earned on bank deposits/post office deposits under Section 194A .. Income-Tax Act to Rs 40,000 from Rs 10,000 currently. This will incentivise investors to put money in bank deposits, says SBI�s Economic Wing. It noted that hike in TDS limit was a long-pending demand. Many investors could benefit from this announcement. There were 23.9 crore term deposit accounts in banks as of March 2018, with an average per account balance at Rs 2.75 lakh, the bank said. �Assuming 7.5 per cent rate of interest, on an average every term deposit holde .. Income-Tax Act to Rs 40,000 from Rs 10,000 currently. This will incentivise investors to put money in bank deposits, says SBI�s Economic Wing. It noted that hike in TDS limit was a long-pending demand. Many investors could benefit from this announcement. There were 23.9 crore term deposit accounts in banks as of March 2018, with an average per account balance at Rs 2.75 lakh, the bank said. �Assuming 7.5 per cent rate of interest, on an average every term deposit holde .. would accrue interest income of Rs 20,000, out of which an investor at present has to pay TDS on Rs 10,000. Now, the FM proposes to raise the limit for TDS on interest income to Rs 40,000. This will provide big relief to small depositors and they may escape tax on term deposits up to Rs 5 lakh. Banks may see a surge in term deposits going forward,� the bank said. Nirmal Bang Institutional Equities noted that domestic flows have been a key factor supporting equities in last 18-24 months. .. However, the proposal to raise the TDS threshold on interest income earned to Rs 40,000 from Rs 10,000 could incrementally make fixed income more attractive, especially as the trailing 12-month return in most equity mutual funds has been unexciting,� the brokerage said. Sensex delivered 1.60 per cent return in last one year, while the largest state-run lender SBI offered 6.80 per cent return on deposits of 1 year to less than 2 years. Nirmal Bang said the changes proposed in th .. in the rules for the real estate sector, especially in terms of reinvestment of capital gains from property and notional rental income from second property make this asset class also incrementally more attractive. �Real estate players have also been given sops, which could help firm up pricing,� it said. The FM said tax on notional rent on unsold real estate inventory will now be levied after two years against one year. The exempted notional rent is applicable on second self-oc .. self-occupied house too. The threshold limit for TDS on rental income has been increased to Rs 2.4 lakh per annum from Rs 1.8 lakh per annum previously. Capital gains limit u/s 54 has been raised to Rs 2 crore and it will now be available for two residential houses instead of one earlier. Besides, a group of ministers has been set up to discuss measures to reduce the GST burden on home buyers

07-Feb-19 05:02 Hrs IST

Key benchmarks Sensex and Nifty surged 1 per cent on Wednesday and closed higher for the fifth consecutive session on the eve of the crucial RBI monetary policy call. The market momentum was mainly driven by IT, energy and oil and gas shares. Optimism over the possibility of a rate cut by the Reserve Bank of India this time around ran high. The MPC is set to announce its decision of the sixth bi-monthly policy review of 2018-19 on Thursday. According to analysts, the .. the panel is likely to change its policy stance to 'neutral' from the current 'calibrated tightening' on lower inflation. Market at a glance BSE barometer Sensex shot up 358 points, or 0.98 per cent, to 36,975 points while NSE Nifty was at 11,062, up 128 points. The 50-share pack topped the crucial 11,000 mark in the morning for the first time since October 1, 2018. In the 30-share Sensex pack, as many as 28 stocks showed up in the green. Bajaj Finance, Tata Steel, ONGC, Bajaj Auto and RIL surged up to 4.34 per cent. On the other hand, Axis Bank and IndusInd Bank fell up to 0.54 per cent. Reliance Industries, ICICI Bank, Infosys and TCS were major contributor's to the Sensex's rally. Broader indices, however, threw up a mixed picture. While BSE MidCap lost 0.12 per cent, BSE SmallCap edged up 0.05 per cent Here are the factors that gave the market a big lift. RBI rate cut on the cards The Reserve Bank of India is likely to change its monetary policy stance to "neutral" from "calibrated tightening", in the first meet under the leadership of Shaktikanta Das, who was appointed last December, according to a Reuters report. A softer stance could aid Prime Minister Narendra Modi's government, which wants to boost lending and lift growth as it faces national elections by May

08-Feb-19 03:02 Hrs IST

Headline equity indices Sensex and Nifty ended flat on Thursday after seesaw trade as RBI's monetary policy committee (MPC) lowered the repo rate by 25 basis points to 6.25 per cent in a surprise move and changed its policy stance to �neutral� from �calibrated tightening�. The market was expecting a change in policy stance, but the rate cut came as a surprise. The market swung between gains and losses after the RBI move that economists say can give a boost to the domestic economy. However, after an initial knee-jerk response, the market turned stock-specific and remained so for the rest of the session. Sensex closed 4 points down at 36,971, while Nifty settled with a nominal gain of 7 points at 11,069.

09-Feb-19 06:02 Hrs IST

Indian equities suffered heavy losses on Friday, following weak trends in most global peers, as bleak economic data from Europe and lack of any sign of a resolution to the US-China trade tussle spooked investor sentiment. The European Commission on Thursday slashed its growth forecast for the euro zone this year and the next, stoking concerns that a global slowdown is spreading to Europe as businesses and investors grapple with trade friction, Reuters reported. Sensex plunged 425 points, or 1.15 per cent, to close at 36,546, extending the losses into the second successive session. Nifty suffered a loss of 126 points, or 1.14 per cent, to close at 10,943. Rs 1.70 lakh crore gone today Freaky Friday erased over Rs 1.7 lakh crore of investors� wealth in a single day as cumulative wealth of BSE-listed firms plunged to Rs 1,41,04,729 crore on Friday from Rs 1,42,74,785 crore on Thursday.

09-Feb-19 06:02 Hrs IST

SEBI on February 8 issued a new circular related to physical settlement of stock derivatives. According to the circular, in addition to the existing schedule of stock derivatives, the derivatives on stock meeting the eligibility criteria specified by the regulator will also be physically settled from the new expiry cycle. The stocks that qualify for physical settlement are the ones that witness an intra-day movement of 10 per cent or above on ten or more occasions in the last six months or three or more occasions in the last one month. Other eligibility criteria for the stock includes an intra-day movement of 25 percent or above on one or more occasions in the past one month . Also, if the maximum daily volatility of the stock exceeds 10 percent either in equity or equity derivatives segment in the past one month, the stocks shall be physically settled. The maximum daily volatility of the stock will be as estimated for "margining purpose". SEBI said the "exchanges shall review the above conditions on a monthly basis. Existing contracts on the stock, however, shall continue to follow the settlement mode as applicable at the time of contract introduction."

09-Feb-19 06:02 Hrs IST

The Income Tax (I-T) Department is holding back tax refunds of many private and public sector enterprises, likely equaling to 5-10 percent of total tax collection in 2017-18, sources in the department told Moneycontrol. The delay in some cases extends up to four years. Direct tax collection in 2017-18 was Rs 9.95 lakh crore, exceeding the revised budgeted target of Rs 9.8 lakh crore. The I-T Department is likely to be holding the refunds to exhibit a high tax collection figure. An additional commissioner in the department told Moneycontrol, "We have not received any formal communication from Central Board of Direct Taxes to delay tax refund to corporates. However, we are also not giving approval for any major tax refund to corporates." Speaking about the volume of the pending refunds, the source said, "About Rs 1 lakh crore of tax refund is stuck at this point of time across the country, which is almost 10 percent of tax collection. In my circle alone, thousands of crore of tax refund is pending. In some companies, the tax refund is pending for the last 3-4 years." As per the Income Tax Act, we have to pay an interest on delayed tax refund at the rate of six percent after 90 days in the case of an appeal. However, the department has held back the refund to show a good number in tax collections, another source said. Aarti Sathe, an Independent Counsel who deals in income tax cases told Moneycontrol �The department has shown a very lackadaisical attitude towards issuing refunds. In most cases, it amounts to denying the assessee the money which rightfully belongs to them. The Dept is bound to refund delayed money with interest as per section 244A of the act. With the present amendments of digitising filing returns and refunds without human interface, hopefully, this problem will be resolved." Revenue from direct tax grew 13.6 percent to Rs 7.43 lakh crore in the first nine months of the current financial year 2018-19 (April-March. The tax receipt figures indicate net direct tax collection, which is arrived after adjusting refunds. Following is the response of the CBDT to a query sent by Moneycontrol: "It is stated that the Department has been focusing on issuing refunds expeditiously. It is pertinent to state that during F.Y. 2018-19, over 2.57 crore refunds have been issued as against 1.75 crore refunds during the corresponding period of F.Y. 2017-18, marking, not only an increase of 47% but also representing more than 94% of all refund claims." "In fact, the total amount of refunds issued during F.Y. 2018-19 stands at Rs.1.42 lakh crore as compared to refunds of Rs. 1.26 lakh crore issued in the corresponding period of the immediately preceding year. This translates into an increase of 12.5% over the preceding year. The balance refund claims pertain to such cases as were either selected under scrutiny or awaiting response from taxpayers on defective returns or are under processing as the income tax returns claiming such refunds have been filed only in the past few months

10-Feb-19 23:02 Hrs IST

Domestic equity benchmarks Sensex and Nifty managed to eke out gains for the week gone by despite a deep cut on Friday's session. However, gains were nominal as weak global sentiment and absence of any positive domestic trigger weighed on investor sentiment. For the week, Sensex rose 77 points, or 0.21 per cent, to 36,546, while Nifty50 gained 49 points, or 0.45 per cent, to 10,943. Budget session: The last Parliament session of the current NDA government is ending on Wednesday. Having announced several sops for farmers and the lower-middle class, in the run-up to the general elections, the market is not expecting any additional populist steps by the government, but as they say, politics is an unpredictable game Inflation print: The retail inflation and wholesale inflation prints for the month of January will set the tone for the market. Lower fuel prices further eased India's retail inflation in December to 2.19 per cent from the annual rate of 2.33 per cent in November. The annual rate of inflation, based on monthly WPI, stood at 3.80 per cent for the month of December 2018 as compared to 4.64 per cent for November. The numbers may come out in a similar range for January too. Recently .. the RBI cut its repo rate by 25 basis points considering the benign inflation level. Consumer inflation numbers will be out on Tuesday, while wholesale inflation is scheduled to be unveiled on Thursday. IIP data: The Index of Industrial Production (IIP) print for the month of December will be released on Tuesday. IIP growth stood at 0.47 per cent in November, with the high base of last year contributing to the slowdown, according to data released by the stat i statistics office, mostly because of the contraction in the manufacturing sector as a post-festival season decline in manufacturing, fewer working days in the month and tighter financial conditions pulled down output. Manufacturing, which constitutes 77.63 per cent of IIP, shrank 0.4 per cent versus 10.4 per cent growth a year ago. A disappointing IIP data for the two consecutive months may not augur well for the market. Global macro: UK's fourth quarter GDP print wil .. certainly catch eyes as a softer number may further aggravate the concerns of global economic slowdown after the European Commission last Thursday cut its growth forecast for the euro zone this year and the next, fanning worries that a global slowdown is spreading to Europe. Moreover, China's inflation data for January, Japan's industrial production data for December and US Retail Sales for December are the major global macroeconomic numbers slated for release this week that will influence market movement US-China trade talk: As the recent meetings failed to offer any breakthrough, a new round of US-China trade talks is to begin on Monday. This is in the wake of the US President's comment last week in which he negated any possibility of meeting his Chinese counterpart to resolve the issue before the March 1 deadline. A swift and timely resolution of the issue will be no less than manna from heaven for markets. Technical outlook: Friday's losses indicated a downside momentum for Nifty on technical charts. On the weekly scale, the index formed a �High Wave� pattern, suggesting selling pressure at higher levels. Any negative close on Monday could see the index test its 200-DMA at 10,855, Other than the above-mentioned factors, global markets sentiment, crude oil prices, rupee's movement against the US dollar and the inflow/outflow of institutional investors will also have their say in the market.

12-Feb-19 04:02 Hrs IST

Equity benchmarks Sensex and Nifty closed in the negative territory on Monday, hit by an all-round selling ahead of key macroeconomic prints such as retail inflation and IIP, slated for release on Tuesday. However, improved global sentiment and rupee's rise on softer crude oil prices saved stocks from suffering heavy losses. Global markets rose, as investors eyed the resumption of trade talks between the United States and China and watched for signs of progress on brexit The NSE Nifty index closed the day 55 points, or 0.50 per cent, lower at 10,888.80, with 21 stocks in the green and 29 in the red.

12-Feb-19 04:02 Hrs IST

The Indian benchmark indices have been trading on a negative note with the Nifty and Sensex down half a percent each. Nifty50 was trading lower by 69 points, trading at 10874 while the Sensex shed 164 points and was trading at 36,381 mark. Nifty Metal along with the pharma index was down over 2 percent each dragged by NALCO, Hindalco Industries, Jindal Steel & Power, JSW Steel, MOIL, Vedanta and Hindustan Copper. From the pharma space, the top losers were Dr Reddy's Labs which tanked 6 percent followed by Piramal Enterprises, Glenmark Pharma, Lupin and Sun Pharma. The Indian benchmark indices have been trading on a negative note with the Nifty and Sensex down half a percent each. Nifty50 was trading lower by 69 points, trading at 10874 while the Sensex shed 164 points and was trading at 36,381 mark. Nifty Metal along with the pharma index was down over 2 percent each dragged by NALCO, Hindalco Industries, Jindal Steel & Power, JSW Steel, MOIL, Vedanta and Hindustan Copper. From the pharma space, the top losers were Dr Reddy's Labs which tanked 6 percent followed by Piramal Enterprises, Glenmark Pharma, Lupin and Sun Pharma. 260 stocks have already hit new 52-week low on the NSE including names like Indiabulls Housing Finance which fell 4 percent followed by Vedanta, Mahindra & Mahindra, NTPC, JSW Steel, MRF, Motherson Sumi Systems and Coal India. Rolta India was trading with volumes of 1,093,907 shares, compared to its five day average of 497,208 shares, an increase of 120.01 percent while Eveready Industries was trading with volumes of 288,785 shares, compared to its five day average of 8,166 shares, an increase of 3,436.34 percent. Among the other stocks which moved the most with respect to volumes were Sun TV Network which spiked over 8 percent and was trading with volumes of 332,209 shares, compared to its five day average of 101,354 shares, an increase of 227.77 percent. Mirza International was down over 11 percent, hitting new 52-week low and was trading with volumes of 36,075 shares, compared to its five day average of 9,561 shares, an increase of 277.33 percent. On the BSE over 300 stocks have hit fresh 52-week low including names like NALCO, Indiabulls Housing Finance, Vedanta, Indian Bank, NTPC, IDBI Bank, JSW Steel, Tata Chemicals, Coal India and Balkrishna Industries. Global research firm, Credit Suisse has maintained an outperform rating on M&M and has cut target to Rs 890 from Rs 1,020 per share. It believes that Q4 will be a soft quarter for margin and has cut forecasts by 5-9 percent.

13-Feb-19 06:02 Hrs IST

The NSE benchmark Nifty turned weak in the last hour of the trade on Tuesday and ended in the negative zone for the third day in a row. After a soft start, the session remained extremely rangebound and the market headed nowhere. Nifty settled the day with a loss of 57.40 points or 0.53 per cent. In Tuesday�s trade, Nifty slightly slipped below the 200-DMA, which was at 10,858. However, it has rested at the 50-DMA, at 10816, after taking support near to this level. Though a stable start to the trade is expected, holding on to 50-DMA will be extremely important. Any breach of this level will open some more downsides. The support zone of 10,816-10,858, which is made of two important DMAs -- 50 and 200 -- is important in the near term and breach of this zone will invite some short-term weakness. Wednesday will see the range of 10,850 to 10,945 levels acting as immediate resistance area. Supports may come in at 10,800 and 10,710. The Relative Strength Index (RSI) on the daily chart stood at 48.3610, and it continued to remain neutral, showing no divergence against the price. The daily MACD continued to remain bullish and traded above its signal line. No significant formations were observed on the candles. The pattern analysis revealed that Nifty failed the breakout, which it attempted by moving past the 10,950 level. In what was seen as a throwback, the index actually failed that breakout and returned inside the .. broad range again. All in all, the index at present remains in a no-trade zone. However, the bias remains positive, as Nifty has not shown any structural breach on the charts. We recommend remaining light on overall exposures and keeping positions modest. Liquidity should be preserved and exposures should be taken on a very selective basis, as the market breadth continues to remain a concern.

13-Feb-19 06:02 Hrs IST

Dont do fresh buying

16-Feb-19 05:02 Hrs IST

Nifty50 on Friday formed a small bearish candle on the daily chart that resembled a �bullish hammer�. On the weekly chart, it formed a Bearish Belt Hold pattern. While the technical setup has a negative bias, bouts of buying could emerge from the lows. It was evident in Nifty�s recovery from near the 10,600 level on Friday. The index eventually settled 21.65 points, or 0.20 per cent, down at 10,724. �The candle setup suggests weakness, but the daily setup shows meaningful dips Friday�s session ended up as the sixth one when Nifty formed lower highs and lows on the daily chart. �The daily candle resembled a bullish hammer, but not a classical one. The pattern signalled the emergence of some buying interest from near the 10,600 mark. As per weekly timeframe chart, Nifty has slipped into a zone of weakness after showing a downward reversal last week. Hence, there is a possibility of intra-week weakness early next session, but there is also the possibility of an .. upside bounce from the lows during mid to later part of next week

16-Feb-19 05:02 Hrs IST

The Nifty50 index opened in the positive on Friday, but failed to hold previous day�s high of 10,792 and drifted sharply towards the 10,620 mark. However, it recovered sharply from lower levels and managed to reclaim the 10,720 level. The index has been making lower highs and lows for last six sessions and needs to negate the same to get a short-term trend reversal after the recent decline of around 500 points from its swing high of 11,118. The index formed a Hammer candle on the daily .. scale and a Bearish Belt Hold candle on the weekly chart. The candle setup suggests overall weakness, but the daily setup shows every meaningful dips could be bought into. Now, Nifty has to negate the formation of lower highs by moving above 10,785 to witness a bounce towards 10,850 and then 10,929 levels, while on the downside, support exists at 10,630 and then 10,580 levels. On the options front, maximum Put open interest was at 10,700 followed by 10,400 while maximum Call OI was at 1 .was at 11,000 followed by 10,900. Put writing was seen at 10,300 followed by 10,500 while there was Call writing at 10,700 and 10,800 levels. The options band signified a lower shift in the trading range to 10,650-10,929 zone. India VIX moved up 3.91 per cent to 16.39 level. However, it needs to cool down with a hold below 16 to get any recovery from the support zone. Bank Nifty formed a bearish candle on the weekly as well as daily scales and drifted towards the major support .. at 26,666. It has been making lower highs and lows from last six sessions and needs to negate the same to get a short-term reversal. If it manages to hold above 26,850, then a bounce could be seen towards 27,000 and then 27,150-27,350 zone while support is seen at 26,666 and then 26,400 levels.

18-Feb-19 06:02 Hrs IST

????? ??? ?????? ??? ???? ????? ????? ?? ???? ???? ?? ???? ??? ???? ??. ???? ??? ????? ?? ?????? ???? ????????? ???. ??????? ?? ?????? ?? ?????????? ?????? ??. ??????? ????? ????? ????? ?? ????? ???? ??. ??????? ??? ????? ?????? ?? ??? ??? ???? ??. ??????? ????? ????? ????? ?? ???? ??? ?????? ?? ???? ???? ????? ??????? ??? ??????? ????? ?? ???? ??. 2018 ??? ?????? ?? ???????? ?????? ??? ???? ??? ??? (????? ???) ?????? ????? ?? ???? ??. 2019 ??? ?? ?? ??????? ???? ??. ???????? ????? ?? ?????? ???????? ?? ???? ?? ???? ?? ??? ?????? ?? ???????? ?????? ??? ?????? ?? ??. ????? ???? 5 ??? ?? ???? ?? ????? ??? ??? ?????? ?? ???????? ?????? ?? ????????? ???? ??? ?? ??. ??? ??? ????? ?? ??????? ?? ????????? ??????????? ???? ?? ????? ?? ??. ??? ???????? ??? ????????? ???????? ?? ?? ???? ??? ??. ??? ???????? ?? ????? ?? ??????? ???? ?? ??? ?? ???????? ?? ????????? ?? ???? ??. ?????? ???????, ??????? ???? ?? ????, ????? ??? ??????, ????? ?? ????? ??????, ????? ?????? ???? ??? ?????? ?? ???????? ?????? ?? ????? ?? ???? ?????? ?? ???????? ?????? ??? ???????? ?? ????? ????? ??? ??. ???????? ??? ?? ?????? ??????? ??? ???? ???? ????? ????? ?? ???? ??. ?? ?????? ???? ???? ???? ????? ??? ???. ???????, ?????? ?? ??????? ?????? ?? ?????? ??? ?? ????? ?? ????? ???? ??. ??? ??? ??????? ?????? ??? ???? ???? ????? ?? ????? ???? ?? ??? ???? ????? ???? ????? ???. ????? ?? ???? ???? ????? ?? ??? ????? ?? ??? ?? ??? ???? ???. ???????? ?????? ????????? ?????? ???? ???? ?? ???????? ?? ????? ??? ????? ????? ??, ???? ??? ?????? ???????? ???? ???? ???? ????? ???????? ?????? ??? ????? ?? ??? ???. ????? ?????? ?? ???? ???????? ?? ???? ???? ???? ???????? ???????? ????? ???????? ?? ??? ???. ??? ??????? ?? ????? ??? ???????? ??? ???? ?? ???? ???. ?? ??? ??????? ?? ??? ?? ??? ????? ??? ?? ???? ?? ??? ?????? ?? ???????? ?? ????? ?????. ???????, ?????? ?????? ?? ??? ?????? ?????? ?? ?????? ??? ???? ?? ???, ????? ????? ???????? ?? ?????? ??? ????? ???? ??????? ????. ???????? ?? ????? ?? ???? ?????? ?? ??????????? ??? ????? ?????? ?? ??????? ???? ?????. ?????? ???? ??????? ?????? ???? ?? ????? ??. ?? ??? ??????? ?? ????????, ????????? ?? ???????, ????? ?? ?????? ????? ?? ?????? ?? ??? ??? ????????? ?? ??? ???? ????.

18-Feb-19 06:02 Hrs IST

Amid volatile crude oil, election environment and the backdrop of FII as net sellers, Indian equity market is seeing the most nervous time. The fierce sell off that continues in midcap and smallcap looks frightening at this stage. Around 80-85 percent stocks fell 30 to 75 percent from their recent highs and portfolio of investors are also 50 percent down while Nifty is trading at the same range with help of few stocks. We strongly believe that this is the time when we think about our capital protection but history tells us differently. Historical data suggest that those who bought quality shares in 6 months period before election results were announced got huge profit in next one year. So this is the time when you should apply bottom fishing strategy with capital protection approach. One should invest in 4-5 parts till election results' are announced. Nifty has strong support at 10,620-10,535 levels and resistance at 10,815-10,940 levels. Here are the top stock trading ideas which can give good returns in the near term: IOL Chemicals & Pharmaceuticals IOL Chemicals is the world�s largest manufacturer of IBUPROFEN (capacity of 10,000 TPA against global demand of 35,000 TPA and global supply of around 28,000 TPA) and the second largest manufacturer of IBUPROFEN�s raw material ISO Butyl Benzene (IBB). It is the world�s only backward integrated IBUPROFEN manufacturer company. It is also manufacturing Ethyl Acetate, MCA and Acetyl Chloride in the chemical segment and manufacturing Metformin Hydrochloride (Anti Diabetic), Lamotrigine Fenofibrate (Anti Convulsant), Clopidogrel Bi Sulphate (Anti Platelet) & Fenofibrate (Anti cholesterol) in pharmaceutical segment. The company has announced bumper numbers for Q3FY19 and 9MFY19. During Q3FY19, its sales grew by 82 percent YoY to Rs.478 crore, EBITDA grew 316 percent to Rs 136.36 crore while PAT increased by 835 percent to Rs 82.24 crore. During 9MFY19, its sales grew 77 percent to Rs 1,263.04 crore, EBITDA grew 188 percent to Rs 260.68 crore while PAT increased 733 percent to Rs 135.05 crore. At CMP, the stock trades at a PE ratio of just 7.5X. We had first recommended this stock at Rs 95 and still we are bullish on this stock. We are recommending a strong buy for medium to long term. PI Industries Incorporated in 1947, PI Industries focuses on complex chemistry solutions in agrisciences. With the strength of over 2,000 employees, PI Industries currently operates a strong infrastructure set-up consisting 3 formulation facilities as well as 8 multi-product plants under its 3 manufacturing locations. It has reported excellent results for Q3FY19. Its sales and EBITDA grew by 32 percent YoY and 42 percent YoY, respectively, while its PAT grew 33 percent to Rs 107 crore as against Rs 81 crore. During 9MFY19, its PAT grew 8 percent to Rs 283 crore on 23 percent higher sales of Rs 2036 crore. During 9MFY19, EBITDA grew 12 percent to Rs 401 crore as against Rs 357 crore. PI Industries trades at PE ratio of 31x. The company expects its exports will be driven by higher momentum from ramp up in existing products and new introductions. We are recommending a buy in a staggered manner for medium to long term. AIA Engineering AIA Engineering Limited (AIA) is one of the global leaders in manufacturing value-added, impact abrasion and corrosion resistant High Chrome Mill Internals (HCMI). Group has a global customer footprint and directly serves an ever-expanding customer base in over 125 countries panning all continents of the world. It has reported strong results for Q3FY19. Its sales and PBDIT grew by 25.85 percent YoY and 30.24 percent YoY, respectively, while its PAT grew 11.02 percent to Rs 128.96 crore as against Rs 116.15 crore. During 9MFY19, its PAT grew 21.94 percent to Rs 355.05 crore on 25.7 percent higher sales of Rs 2106.43 crore. During 9MFY19, PDBIT grew 26.96 percent to Rs 468.62 crore as against Rs 369.12 crore. FIIs hold 21.59 percent and mutual funds hold 13.84 percent stake in this company. AIA trades at PE ratio of 32.5X. We are recommending a buy in a staggered manner for medium to long term.

19-Feb-19 05:02 Hrs IST

Marking its longest losing streak since August 2013, domestic equity barometer Sensex fell for the eighth consecutive session on Monday on unabated selling across sectors. Sensex has decline 4 per cent in last eight sessions. In a similar fall over eight sessions in July-August, the index had come down 5.60 per cent. Most sectors fell prey to the selling spree and all sectoral indices closed in the red on BSE, barring telecom and realty Rupee�s weakness, rise in crude oil prices and absence of any positive trigger at home kept investors away from Indian equities. The Sensex closed at 35,498, with a loss of 311 points, or 0.87 per cent. Only eight components ended the day in the green; 23 shed weight Nifty finished 83 points, or 0.78 per cent, lower at 10,640. Among the 50 Nifty stocks, 13 rose and 37 declined. Midcaps and smallcaps lost more than the Sensex, as BSE Midcap and Smallcap indices closed 1.04 per cent and 1.01 per cent YES Bank falls on RBI warning Shares of YES Bank dropped 2.54 per cent to close at Rs 213.15 after the Reserve Bank of India (RBI) warned the lender of regulatory action for disclosure of the �nil divergence� report in violation of the confidentiality clause. RBI said �nil� divergence is not an achievement to be published and is only compliance with the extant Income Recognition and Asset Classification norms. Dilip Buildcon jumps for 10th sessionIn last 10 sessions, the stock has risen 44 per cent. For December quarter, the company had reported a 25 per cent year-on-year (YoY) growth in its net profit at Rs 207 crore. DHFL shares jump 5% Shares of Dewan Housing Finance Corporation (DHFL) settled 4.67 per cent higher at Rs 128.90 on BSE after reports emerged that private equity firms Barings, Bain and Hero Fincorp were in talks to buy a 10 per cent stake in the company. R-ADAG shares shine .. Shares of Reliance Power (up 11.27 per cent), Reliance Communications (up 10.91 per cent), Reliance Infrastructure (up 7.40 per cent), Reliance Naval and Engineering (up 5.15 per cent) and Reliance Capital (up 2.86 per cent) logged strong gains after the Anil Ambani-led Reliance Group reached an understanding with 90 per cent of its lenders to avoid selling any pledged shares until September 30 on account of lower collaterals or reduced margin due to the recent fall in share prices.

19-Feb-19 05:02 Hrs IST

Looming concerns over geopolitical tensions between India and Pakistan and rising crude oil prices dragged benchmark BSE Sensex lower for the eighth straight session on Monday, its longest losing streak since August 2013. As a result, the market capitalisation of the BSE-listed firms declined by Rs 5.69 lakh crore to Rs 136.31 lakh c rore on February 18 from Rs 142 lakh crore on February 6. The NSE Nifty also declined for the seventh straight session with the index falling belo ..the 10,650 mark. The BSE Sensex has plunged 4 per cent to 35,498.44 during the eight days of fall. However, the 30-share index is now down 2 per cent on a year-to-date basis. Following the fall, Indian equity market is now among the worst performing equity markets for 2019, whereas American indices including Dow, Nasdaq and S&P 500 are up over 10 per cent till date. Asian peers Hang Seng and Shanghai have advanced 10 per cent on a year-to-date basis. The overall view sugges .. suggests deep pain for stock market. However, companies such as Capital India Finance, Dilip Buildcon, Shankara Building Products, Dish TV, Redington India rallied 20-50 per cent in this selloff. Overall, as many as 563 companies managed to deliver positive return to investors in the last eight sessions. On the other hand, companies such as Punj Lloyd, Sadhana Nitro Chem, Indsil Hydro Power, Uflex and Indo Count stood among the companies that witnessed up to 39 per cent fall during the .. After the correction, Sensex is now hovering at a price-to-earnings ratio of 22.68 times against five year average of 21.21, still indicating little overvaluation at index levels. Hemang Jani, Head-Advisory, Sharekhan by BNP Paribas said, �Market participants have turned cautious ahead of the general elections. Q3FY19 earnings too have been lacklustre so far. On the positive side, FII and DII inflows have improved in January. We continue to remain stock specific and prefer private bank .. and prefer private banking and consumption stocks. Volatility in the markets is likely to continue and investors should stay away from companies with expensive valuations and corporate governance issues.� After an outflow of Rs 4,262 crore in January, foreign portfolio investors have poured over Rs 5,000 crore in Indian equity market. On the other hand, domestic institutional investors bought share worth over Rs 4,500 crore (net) in 2019 so

20-Feb-19 05:02 Hrs IST

equity market took a pause on Tuesday after a relentless selling spree over past eight sessions. The BSE Sensex declined 4 per cent to 35,498 between February 6 and 18. On Tuesday, the 30-share index traded 186 points, or 0.52 per cent, higher at 35,684, while Nifty was up 48 points, or 0.45 per cent, at 10,689. Geopolitical tensions between India and Pakistan and rising crude oil prices were key reasons behind Sensex�s longest losing streak since aug 2013 The long correction has surely turned some of the stocks attractive. Based on various brokerage recommendations, here is a list of stocks investors can look at in the current market scenario.