NACL Industries announced that the company has incorporated a new wholly-owned subsidiary named as NACL Spec-Chem Limited.

There is turmoil in the debt funds after Franklin Templeton India closed six of its debt mutual funds, however, most funds from debt category are generating positive returns in last month.

Extending their gains for the third consecutive day in this week, Indian benchmark indices rose higher with Sensex, gaining by 1.89 per cent or 605.64 points to the level of 32,720.16 while, Nifty closed up by 1.84 per cent which is 172.45 points to reach the level of 9,553.35. Technically, Nifty was seen giving a major resistance breakout of 9,500 level as it made an intraday high at the level of 9,598.85 which eventually indicates the strengthening of the index.

India's leading content powerhouse, Shemaroo Entertainment, announced that it is launching a new Hindi general entertainment channel (GEC)-Shemaroo TV, a free to air channel, targeting Hindi speaking markets of India.

The stock of Indian banking company, IDFC First Bank, rose 1.12 per cent to Rs 22.50 in the early hours of Wednesday’s trading session after the bank informed that its board of directors will meet on May 1 to consider and approve fundraising by way of issue of equity shares of the bank on a preferential basis.

Lupin Limited has received a tentative approval for its Arformoterol Tartrate inhalation solution 15 mcg (base)/2 ml, unit-dose vials, from United States Food & Drug Administration (USFDA) to market generic version of Brovana inhalation solution, 15 mcg/2 ml of Sunovion Pharmaceuticals Inc.

There are various kinds of risk that we need to carry while investing. Sequencing risk is one such risk that specifically affects the retirement. So, what is sequencing risk? Let’s find out.

The market opened in the green on April 29, 2020. The previous trading session witnessed the Sensex going up by 1.2 percent to end at 32,114 and the Nifty was up 1.1 percent to close at 9,380.

Gujarat-based pharma company, Hester Biosciences Limited announced on Wednesday that it is joining hands with Indian Institute of Technology, Guwahati to work on the vaccine development against COVID-19. The agreement between the two parties was signed on April 15, 2020.

The market opened in the green on April 29, 2020. The previous trading session witnessed the Sensex going up by 1.2 percent to end at 32,114 and the Nifty was up 1.1 percent to close at 9,380.

The market opened in the green on April 29, 2020, overall volumes in futures & options currently stand at 1.71 crore contracts with a turnover of Rs. 9,04,461.82 crore.

The market opened in the green on April 29, 2020, overall volumes in futures & options currently stand at 1.71 crore contracts with a turnover of Rs. 9,04,461.82 crore.

The stock of organic chemicals manufacturer & supplier, IOL Chemicals & Pharmaceuticals Ltd, witnessed a jump today on being recognised as ‘three star export house’ by Ministry of Commerce & Industry, Government of India. 

Glenmark Pharmaceuticals announced on Wednesday that it had been granted tentative approval by United States Food & Drug Administration (USFDA) for Dapagliflozin and Saxagliptin tablets, 10 mg/5 mg, the generic version of Qtern 1 tablets, 10 mg/5 mg of AstraZeneca AB.

Moody’s Investors Service on Tuesday slashed India growth forecast for 2020 to 0.2 per cent. 

Strides Pharma Science Limited has developed and commercialised Favipiravir antiviral tablets which is the generic version of Avigan of Toyama Chemical (Japan). It is the first Indian company to develop and commercially launch Favipiravir tablets for the global markets.

The company has expanded its portfolio with this after a successful launch in USA. This is Biocon’s second launch in Canada with Mylan.

Keep a close watch around 9,400 mark and in the case of a gap-up opening, look to buy into dips as long as we hold above 9,400 mark. Stocks in news: Biocon, NLC India, Crompton Greaves Consumer Electricals, Reliance Industries.

South African theologian Desmond Tutu used to say, “Hope is being able to see that there is light despite all of the darkness.” Yes, the word ‘hope’, which has kept the flame of bulls going on Dalal Street. The market participants are hopeful that Finance Minister is likely to announce a second stimulus package for the economy, impacted by the nationwide lockdown and triggered by Coronavirus pandemic.

What an investor should do post Franklin Templeton India’s unprecedented move to wind up six of its debt MF schemes.

One of the leading DTH connection service providers in India, Dish TV, announced that it has partnered with an Indian mobile video player app-MX Player. Post this partnership, Dish TV will showcase MX Player’s content via its Android-based set-up boxes.

On Tuesday, the stock has formed a bearish engulfing candlestick pattern on the daily time frame. The bearish engulfing candlestick pattern is considered to be a bearish reversal pattern and usually, occurs at the top of an uptrend.

Continuing the week with positive sentiments, Sensex on Tuesday rose by 1.17 per cent, higher than its previous close or by 371.44 points to be at the level of 32,114.52. Nifty gained by 1.06 per cent or 98.60 points to the reach level of 9,380.90.

Nath Bio-Genes (India) Limited announced an introduction of two new cotton hybrids in Indian market: Sanket and Daksh

Syngene International Ltd, a global research and development services company, today announced the opening of COVID-19 testing laboratory at its Bengaluru site. 

The stock of Kerala-based gold loan provider-Manappuram Finance, gained more than nine per cent on Tuesday after the non-banking financial company (NBFC) informed that it is planning to raise capital up to Rs 500 crore.

The shares of IndusInd Bank were trading in green by more than 10 per cent in the early trade on Tuesday after the company reported its March 2020 quarter numbers.

The board of directors of Axis Bank has approved entering into an agreement with Max Financial Services Ltd (MFSL) to acquire 29 per cent stake in Max Life Insurance Company Ltd (Max Life).

Natco Pharma today announced that it has received a final approval for its first supplemental abbreviated new drug application (ANDA) product from US Food & Drug Administration (USFDA)

The market opened in the green on April 28, 2020. The previous trading session witnessed the Sensex going up by 1.3 percent to end at 31,743 and the Nifty was up 1.4 percent to close at 9,282.

The market opened in the green on April 28, 2020. The previous trading session witnessed the Sensex going up by 1.3 percent to end at 31,743 and the Nifty was up 1.4 percent to close at 9,282.
 

The market opened in the green on April 28, 2020, overall volumes in futures & options currently stand at 1.36 crore contracts with a turnover of Rs. 7,15,978,79 crore.

The market opened in the green on April 28, 2020, overall volumes in futures & options currently stand at 1.36 crore contracts with a turnover of Rs. 7,15,978,79 crore.

The domestic rating agency, CRISIL has slashed India's gross domestic product (GDP) estimates to 1.8 per cent for FY21E while, projecting total losses of Rs 10 lakh crore or Rs 7,000 per person owing to lockdowns to control COVID-19 pandemic

This acquisition would help UPL Limited to further expand its geographical reach, apart from widening its portfolio. Currently, company’s geographical revenue mix stood at Latin America-47 per cent, Europe-nine per cent, rest-of-the-world (ROW)-21 per cent, North America-14 per cent and India-eight per cent. Meanwhile, ROW stands for China, Russia, Brazil, South Africa, Australia and Turkey.

India-based biotechnology company, Transgene Biotek Ltd, announced that the company has initiated a programme of drug development against severe acute respiratory syndrome (SARS) CoV 2 infections.

The level of 9,390 is likely to act as a resistance level, which is 38.2 per cent retracement level. Meanwhile on the downside, an immediate support is seen around 9,180 level, followed by 8,909. Stocks in news: Reliance Industries, Just Dial, UPL, Shipping Corporation of India.

Nifty rallied sharply in the first half of the trading session on Monday however, in the second half of the trading session, Nifty lost its momentum and came off the days’ high but still managed to close with handsome gains. And, if we go by the early indication from SGX Nifty, there is a possibility that Nifty may continue its rally on Tuesday too.

Indian wind energy service provider, Inox Wind Ltd, informed that all the three manufacturing plants of the company have resumed operations now.

Considering the daily time frame, the banking benchmark index, Bank Nifty is trading in symmetrical triangle pattern since the last 21 trading sessions.

The stock of Cholamandalam Investment & Finance Company Limited has formed a homing pigeon candlestick pattern on the daily timeframe.

One of the country’s leading healthcare companies, Lincoln Pharmaceuticals Limited, informed the bourses on Monday that it has received approval from Food & Drugs Control Administration (FDCA) Gujarat, to manufacture Hydroxychloroquine (HCQ), among other critical drugs to fight COVID-19.

Sensex climbed by 415.86 points which is 1.333 per cent to be at the level of 31,743.08 while, Nifty rose by 127.90 points, which is 1.40 per cent to be at the level of 9,282.30 as RBI announced Rs 50,000 crore liquidity support for mutual funds. Post which, AMC stocks had gained by more than five per cent.

BEML has bagged orders worth Rs 398 crore (inclusive of taxes) from  Coal India Limited (CIL), for the supply of seven 150-T dumpers and eight 190-T dumpers under the trial cum sale, along with a contract for spare parts for eight years on April 24, 2020.

Balkrishna Industries has partially resumed its manufacturing operations pursuant to the recent notifications and directives of the government and local authorities

On Monday, Dr Reddy’s Laboratories announced the launch of Fenofibrate tablets USP in US market, a drug approved by United States Food & Drug Administration (USFDA).

We all know that SIP is one of the most efficient ways of investing. However, is it wise to call it superior than lumpsum investment? We shall find it out in this article.

The market opened in the green on April 27, 2020. The previous trading session witnessed the Sensex going down by 1.68 percent to end at 31,327.22 and the Nifty was down 1.71 percent to close at 9,154.50.

The market opened in the green on April 27, 2020. The previous trading session witnessed the Sensex going down by 1.68 percent to end at 31,327.22 and the Nifty was down 1.71 percent to close at 9,154.50.

The market opened in the green on April 27, 2020, overall volumes in futures & options currently stand at 1.19 crore contracts with a turnover of Rs. 6,37,107.29 crore.

The market opened in the green on April 27, 2020, overall volumes in futures & options currently stand at 1.19 crore contracts with a turnover of Rs. 6,37,107.29 crore.

On the back of higher redemption pressure faced by mutual fund houses in their debt funds as well as closing down of some debt MFs by a fund house, RBI has opened special liquidity facility for mutual funds.

NLC India informed the bourses on April 26 that the company has commenced coal production at Talabira-II & II opencast coal mine in the state of Odisha, having a normative capacity of 20 MTPA

JB Chemicals & Pharmaceuticals Limited has received an approval from USFDA for its abbreviated new drug application (ANDA) for Carbamazepine extended-release tablets USP 100 mg, 200 mg and 400 mg.

Indian pharmaceutical company, Natco Pharma Limited, announced that it has received an EIR for Kothur’s formulation facility (Telangana).

This fundraising has been done majorly to meet the ongoing and planned capex requirements and cash flow mismatches of the company as well as for the general corporate purposes, in the wake of COVID-19, arising from the impact of the lockdown.

As per IQVIA Health’s data, Vigabatrin for oral solution had US sales of approximately $255 million MAT for the most-recent twelve months, ending February 2020.

For the day, an immediate support for Nifty is placed around 9,070 and breach of this support zone would open for further correction towards 8,900. On the upside, 9,400 would continue to act as a stiff resistance for the index. Stocks in news: JK Cement, Natco Pharma, Tata Steel, Torrent Pharma, Granules.

The cues from global peers are setting up a firm pitch to bat on for the bulls. On Friday, with Franklin Templeton fiasco, which resulted to sell-off in the markets, it would be interesting to see whether the market participants recover from this wound or they will use today’s gap-up opening to liquidate their positions.

New Fund Offers (NFOs) that are open for subscription.

For many, retirement is a phase with no possible income in hand and thus, protecting wealth becomes very important. Read on to find out more on wealth protection strategies in retirement.

The market regulator eases the norm of valuation for debt mutual funds. Read on to know the details.

The stock of car manufacturer Mahindra & Mahindra (M&M) slipped more than three per cent today after the company announced that it is planning to raise another Rs 1,000 crore via bonds.

CRISIL has reaffirmed its 'CRISIL AA/stable/CRISIL A1+' ratings on the bank facilities of Music Broadcast Ltd (MBL). The ratings continue to reflect MBL's strong market position in the radio industry, healthy financial risk profile and established managerial, operational and financial linkages with the parent. 

TCS iON, a strategic unit of Tata Consultancy Services (TCS) announced that in the wake of COVID-19 and closure of schools & colleges, it is offering access to TCS iON digital glass room, a virtual learning platform, free of cost to educational institutions in US until March 31, 2021. 

Considering the daily time frame, the stock is trading in counter trend consolidation since the last 20 trading sessions and formed a bearish flag pattern.

On Friday, Sensex fell by 535.86 points, which is 1.68 per cent to be at the level of 31,327.22 while, Nifty was down by 159.50 points, which is by 1.71 per cent to reach the level of 9,154.40.

Canara Bank Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

Post this acquisition, the company’s shareholding in HLFL now stands at 68.81 per cent from 65.45 per cent. The company added that this acquisition is a part of 6.99 per cent acquisition approved by the company’s board in a meeting held on March 21, 2020.

The total order book of the company stood at Rs 2,120.53 crore at the end of the third quarter of FY20. Road segment constituted 63.81 per cent of this total order book.

Indian Hotels Company, on Thursday after the market hours, informed the bourses that its borrowings committee has approved the allotment of 1,500 rated, unsecured, listed, redeemable, non-convertible debentures (NCDs)

Granules India has received US Food & Drug Administration (USFDA) approval for abbreviated new drug application (ANDA), Trospium Chloride extended-release capsules, 60 mg.

The market opened in the red on April 24, 2020. The previous trading session witnessed the Sensex going up by 1.54 percent to end at 31,863 and the Nifty was up 1.4 percent to close at 9,313.

The market opened in the red on April 24, 2020. The previous trading session witnessed the Sensex going up by 1.54 percent to end at 31,863 and the Nifty was up 1.4 percent to close at 9,313.

The market opened in the red on April 24, 2020, overall volumes in futures & options currently stand at 4,31 crore contracts with a turnover of Rs. 21,07,936.09 crore.

The market opened in the red on April 24, 2020, overall volumes in futures & options currently stand at 4,31 crore contracts with a turnover of Rs. 21,07,936.09 crore.

Railways Strategic Business Unit of L&T Construction’s Transportation Infrastructure IC in consortium with Kyosan Electric Manufacturing Co Ltd (Japan) has received a significant order in the form of three packages from Dedicated Freight Corridor Corporation of India Limited

Shilpa Medicare Limited has informed the bourses that it has launched Indian branded generic of Dasatinib, an anticancer drug with a brand name ‘Dasashil’. The drug substance patent on Dasatinib was owned by Bristol-Myers-Squibb and had expired on April 12, 2020.

One of India's oldest fund houses is winding up its six debt funds. Read on to find how it will impact its investors.

Further, the data also shows that FMCG companies trade at a much higher valuation than that of their sales. Like, Hindustan Unilever, Dabur India and Emami get up to eight times more valuations in comparison to their sales.

Indian markets might witness a soft start but an important event of the day is that Prime Minister Narendra Modi is likely to meet Finance Minister Nirmala Sitharaman to finalise a second stimulus package. The market participants will be all eyes & ears to this event as it could dictate the future trend of the market.

The index is heading towards the important resistance level of 9,390-9,400 and if Nifty fails to cross this level, the bears will come back with full strength. Stocks in news: Indian Hotels, Kingfa Science & Technology, M&M, L&T.

The stock of Infosys Limited has given a symmetrical triangle breakout on the daily time frame. This breakout was confirmed by the above 50-day average volume. 

While running in the rat race, we often forget to streamline our personal finances. Take advantage of the lockdown period to improve your personal finances. Read on to find out more.

The project size is of nearly 0.3 million sq. ft. The commencement of leasing agreement was expected in the current quarter, which too can be seen being delayed thus, impacting its long-term revenue guidance.

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Vodafone Group announced that it has accelerated payment of US$ 200 million to Vodafone Idea, which was due in September 2020, mainly to tide over any liquidity crisis arising out of COVID-19 pandemic.

 Review on 1 stocks recommended in past.

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Technical Analysis of 1 Stock (with 15 days horizon).

As we all know, crude oil grabbed everyone’s attention, right at the beginning of the week by doing something which people had never imagined.

On Thursday as well, Sensex and Nifty closed in green, thus witnessing second consecutive day of recovery post the downfall experienced by Indian benchmark indices on April 21, 2020. Today, Sensex closed up by 1.54 per cent which is 483.53 points at the level of 31,863.08 while, Nifty climbed by 1.38 per cent which is 126.60 points to the level of 9,313.90.  

Data Bank

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

In this edition, we have reviewed Thyrocare Technologies and Himadri Speciality Chemicals We suggest our reader-investors to HOLD in Thyrocare Technologies and Himadri Speciality Chemicals 

Retirement is an important goal of one’s life and hence should be given its due in the investment process.

In one of the biggest deal in the recent history, Reliance Industries has informed that the global social media giant, Facebook will invest Rs 43,574 crore in Reliance’s subsidiary for digital services-Jio Platforms. The deal is also termed as the largest FDI for minority investment in India.