The fierce bulls are on a rampage as they recorded gains for the ninth consecutive day on Tuesday. It seems that there would be a full stop to this merry ride of the bulls as they faced a googly ball from the IMF after they predicted that India’s GDP for 2020-21 may contract 10.3 per cent from an earlier estimate of 4.5 per cent.

On Tuesday, as the domestic markets witnessed a volatile trading session, the benchmark indices barely settled with gains. Sensex closed up by a mere 0.08 per cent or 31.71 points at 40,625.51 levels while Nifty ended flat with a positive bias, gaining by only 0.03 per cent or 3.55 points to settle at 11,934.50 levels.

Considering the daily timeframe, the stock of L&T Technology Services (LTTS) has given a downward sloping trendline breakout, formed by connecting swing highs since May 2019. Further, the breakout is supported by a robust volume of more than 10 times of 50-day average volume, indicating a strong buying interest by the market participants.

On Tuesday, the domestic markets continued to remain volatile and subdued. In spite of this, a number of stocks made fresh 52-week highs, led by investors’ confidence. Stocks such as Cipla, JK Cement, Mindtree, JSL, etc. were trending.

The company confirmed the export orders of nearly 38,000 wheels for the US & EU markets. The wheels, which will be manufactured at Dappar (Punjab) & Chennai (Tamil Nadu) plant, are said to be executed in the months of December & January.

During Tuesday’s trading session, the stock of Rane Brake Lining jumped more than 19 per cent and made an intraday high of Rs 693.65. 

Amid the continuing rise in food prices, the inflation based on the consumer price index (CPI) jumped to an eight-month high of 7.34 per cent in September.

The market opened flat on October 13, 2020.

The market opened flat October 13, 2020, overall volumes in futures & options currently stand at 2,12,40,852 contracts with a turnover of Rs. 15,36,063.53 crore.

The market opened flat October 13, 2020, overall volumes in futures & options currently stand at 2,12,40,852 contracts with a turnover of Rs. 15,36,063.53 crore.

On the Capex front, the board has recently approved the setting up of an additional facility to produce 100,000 MTPA of Chloromethane in Dahej (Gujarat) at a projected cost of Rs 315 crore. This project would enhance the company’s industrial chemical portfolio and is likely to commence by January 2022.

On Tuesday, it will be a rare sight for the market participants to witness the Indian markets open in red as the domestic markets rallied for the eighth consecutive session on Monday.

In the near term, the index might oscillate in a range or move sideways with the level of 12,000 being a resistance level, while the level of 11,750-11,800 is likely to act as a strong support level.

It is very agonising to see that a few promoters take minority shareholders for granted. Conniving with brokers, they want to cheat minority shareholders, who put faith in both, the companies’ management & broker’s report, and invest their hard-earned money to get returns.

The domestic markets witnessed a volatile session on Monday, as Sensex fell by more than 300 points from the day’s high. Sensex gained by 84.31 points or 0.21 per cent to settle at 40,593.80 levels while Nifty closed up by 16.75 points or 0.14 per cent at 11,930.95 levels.

Generally, we rely on the typical momentum indicators or oscillators for recognising an overbought and oversold condition of the stock. However, this Japanese candlestick pattern gives us a unique way to recognise when the momentum is waning out.

The resumption of construction activities and the adoption of digital technologies would strengthen the demand for steel and make the Indian steel sector globally competitive.

Debt MFs witnessed an outflow in the month of September 2020, which was primarily led by liquid funds. Read on to find out more.

The shares of Shilpa Medicare plunged by more than 10 per cent after the company received a warning letter from USFDA for its Jadcherla facility situated in Telangana.

On the debt front, the company’s net debt stands at Rs 70.1 crore as of September 2020 as against Rs 127.9 crore in March 2020 and Rs 217.8 crore in September 2019.

The market opened in green on October 12, 2020, overall volumes in futures & options currently stand at 2,17,80,686 contracts with a turnover of Rs. 15,33,046.36 crore.

The market opened in green on October 12, 2020, overall volumes in futures & options currently stand at 2,17,80,686 contracts with a turnover of Rs. 15,33,046.36 crore.

The market opened in green on October 12, 2020.

Sensex made its all-time high in January 2020 when it touched 42,273.87 levels. At that time, SBI was trading at Rs 313.95 per share. 

D-Street gears for an early Diwali-like celebration as the bulls seem to continue to pick up from where they left on Friday. The early trend shows that SGX Nifty is likely to have a blistering start as it is trading up by 42 points above the 12,000 mark. The key catalyst for this is the strong global cues.

Nifty has moved higher within the last 10 days, which makes the current upswing, the longest swing since the last week of May in terms of length. The upswing of May 25-June 3 was about 6-day long but in percentage terms, in this upswing Nifty rallied almost 13 per cent. Both the swings i.e. the current one from September low of 10,790 and May 25-June 3, have quite a few things in common.  Stocks in news: Kellton Tech, Glenmark, GE Shipping, Shilpa Medicare and RITES.
 

Sundaram Bluechip Fund new fund offer closed on October 01 will reopen for subscriptions from October 14, 2020.

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

Currently, the stock of ITC Limited has divided the community of investors into two groups. One group comprises those who believe that it is incredibly attractive at the current levels while the other group is of the view that it’s a value trap. However, the question arises as to who is correct? Let’s check this from a technical perspective.

On Friday, the index surged above its 200-DMA for the first time after February 28, 2020. In technical parlance, the 200-DMA is considered important as it is one of the basic technical indicators that can be used to determine the long-term trend of security.

Overall, business sentiment in the manufacturing sector, which is reflected by the business assessment index (BAI), surged from a record low at 55.3 in Q1 to 96.2 in Q2, (but still remains in the contraction zone).

The company recorded the highest quarterly deliveries of 5.05 million tonnes in India, suggesting a pickup in demand for steel. 

The stock of Gujarat Narmada Valley Fertilisers & Chemicals Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

As per the announcement, all individual housing loans shall have a risk weight of 35 per cent, if their loan-to-value ratio is at 80 per cent or lower. The term, loan-to-value ratio, means the percentage of the amount financed when compared to the value of the property.

Infibeam Avenues share price added 3 per cent during the early trading session on Friday after the company entered into a definitive agreement with Oman's second-largest bank i.e. Bank Dhofar to offer its acquiring processor services to the bank.

Sensex continued its forward march on the last day of a bullish week, gaining by 326 points or 0.81 per cent to close at 40,509 levels. Nifty jumped by 79.60 points or 0.67 per cent to close at 11,914 levels. 

The closest peers such as Rajesh Exports and Asian Star Company saw laggard stock price performance. Both the scrips are trading at a discount of more than 40 per cent from their 52-week high.

The share price of GOCL Corporation surged up to 5 per cent on Friday after its wholly-owned subsidiary, IDL Explosives, won an order to supply explosives and accessories worth Rs 186.8 crore from Singareni Collieries.

On the economic growth front, RBI said that the real gross domestic product (GDP) growth in 2020-21 is expected to be negative at (-) 9.5 per cent, with risks tilted to the downside: (-) 9.8 per cent in Q2FY21; (-) 5.6 per cent in Q3; and 0.5 per cent in Q4.

Solar Industries India and its subsidiary company Economic Explosives Ltd have received an order from the government-owned coal mining company, Singareni Collieries.

We compared the performances of two indices namely, S&P 500 and S&P BSE 500. For this, we have taken their closing values to determine the returns from the beginning of 2020 to September 30, 2020, i.e. of almost nine months.

Today i.e. Friday, October 9, 2020, is the final day for Vedanta shareholders to tender their shares for the reverse book building process for delisting that opened on October 5 and will conclude today.

The market opened in green on October 9, 2020, overall volumes in futures & options currently stand at 6,71,81,202 contracts with a turnover of Rs. 46,09,853.47 crore.

The market opened in green on October 9, 2020, overall volumes in futures & options currently stand at 6,71,81,202 contracts with a turnover of Rs. 46,09,853.47 crore.

The market opened in green on October 9, 2020.

The shares of Auro Laboratories have gained by almost 43.90 per cent in the last two trading sessions. The stock has been buzzing since the second day of this week when it jumped by 10.81 per cent during Tuesday’s trading session.

Hence, we analysed how much of BSE 500 universe is pledged, or has the promoter pledging increased or decreased as a trend? Here are the results of our analysis:

September results season has begun now with companies posting good recovery in numbers. However, to put it in perspective, let's recap June's quarterly earnings of Nifty 50 companies and compare it with their earnings last year’s same quarter to get an idea of how much effect the pandemic and GDP had on the June quarter.

The markets on Friday has continued with Thursday’s rally. However, in today’s session, mid-caps and small-caps are seen outperforming Sensex as BSE Small-Cap is up by 0.32 per cent while BSE Mid-Cap gains by 0.30 per cent. 

SEBI recently introduced a set of new rules on the table for MF, which would become effective from January 2021. Read on to find out more.

Majesco, an IT company that focusses on providing solutions to the insurance industry, announced in its board of directors meeting on Thursday that it has approved the proposal to buyback up to 74,70,540 fully-paid equity shares of Rs 5 each at a price of Rs 845 per share. This purchase will cost the company a total of not exceeding Rs 6,31,26,06,300.

In the T20 World Cup of 2007, it was Yuvraj Singh, who took Stuart Broad to knockers as he hit 6 sixes in a row! On Thursday, D-Street too witnessed a similar magical moment as the bulls knocked 6 sixes in a row i.e. they gained for the sixth straight session! Stocks in news: Voltas, Cybertech, Ramco Cements, Solar Industries.

In the last trading session, Sensex reclaimed its milestone level of 40,000 after almost 7 months, while Nifty regained its 11,800 mark. With this, Nifty is trading at an exuberant historical PE ratio. Definitely, the technical trend of the index in an upward trajectory but one should not forget this fundamental fact that PE is at historical highs.

Domestic AUM declined by 2.3 per cent on a sequential basis in the month of September 2020

Saregama India Ltd on Thursday launched a new product namely, Carvaan Mini Kids, which is the ultimate solution for parents worrying about kids’ increasing screen time.

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Editor's views on the capital markets, stock reviews and word on Dalal Street.

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

Sensex closed Thursday’s session up by 303.72 points or 0.76 per cent from Wednesday’s close to end the session at 40,182 levels while Nifty was up by 95.75 points or 0.82 per cent at 11,834 levels.

Infosys today informed that it has signed a definitive agreement to acquire a US-based data analytics company, Blue Acorn iCi.

The technological process employed by the company for the manufacturing of this product is simple, affordable, and scalable. Besides, the company also filed a patent application for the innovative process of this product.

Hitachi ABB Power Grids in India, listed on Indian stock exchanges as ABB Power Products & Systems India Ltd, announced that it has won a project of more than Rs 100 crore from HPCL Rajasthan Refinery Limited (HRRL), a joint venture between state-run Hindustan Petroleum Corporation Limited and the Government of Rajasthan.

Principal Mutual Fund has launched a new fund offer. Read on to find out more details.

A healthy IPO market is always good for the overall wellbeing of the equity markets.

Jayesh Dadia Chartered Accountant

The strength of the markets can be gauged by using several technical indicators. Investors at any point of time would always want to know if it is a 'good time' to invest in the equity markets. Market breadth, if positive, is one such indicator that prompts investors to increase their allocation to equity markets as the chances of winning in the market increases manifold. Yogesh Supekar discusses what exactly is market breadth and how does one ascertain if the market breadth is increasing even as Karan Bhojwani with the help of expert comments attempts to highlight technical indicators that can help analyse the market breadth objectively

Additional Surveillance Mechanism (ASM) is just an additional step launched by SEBI in order to minimise damage to investors who have invested in those securities that show signs of abnormal volatility and hence may be vulnerable to manipulation. Geyatee Deshpande explains in detail the logic behind the ASM list of stocks while pointing out that there is no need to press the panic button just because their favourite stocks feature on the ASM list 

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

The market opened in green on October 8, 2020, overall volumes in futures & options currently stand at 3,35,95,099 contracts with a turnover of Rs. 23,42,833.63 crore.

The market opened in green on October 8, 2020, overall volumes in futures & options currently stand at 3,35,95,099 contracts with a turnover of Rs. 23,42,833.63 crore.

The market opened in green on October 8, 2020.

Tata Motor's subsidiary Jaguar Land Rover reports positive sales for Q2FY21.

In this edition, we have reviewed Indian Hotels Company Limited and Procter and Gamble Hygiene and Healthcare Limited. We suggest our reader-investors to HOLD Indian Hotels Company Limited and Procter and Gamble Hygiene and Healthcare Limited.

Primarily catering to sectors such as pharmaceutical, specialty chemical and agrochemical, among others, the company had been on a sure footing till recently when stake sale at a heavy discount to market price attracted regulatory scrutiny over allegations of possible insider trading 

The domestic benchmark indices are in the positive territory on Thursday as well. Sensex is up by more than 500 points or 1.29 per cent at 40,392.30 level while Nifty gained by 140.10 points or 1.19 per cent at 11,878.95 levels.

A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon.

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team. 

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations. 

This section gives a recommendation of a stock having stock price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

Reliance Industries’ weightage in the index has grown from around 5 per cent in September 2016 to nearly 14.90 per cent in September 2020. Whereas, the leader in 2016 i.e. HDFC Bank, which had a weightage of around 8 per cent in FY16, has more or less maintained its weightage of 8 per cent to 9 per cent.

This column gives you scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year.

Towards the end of the fortnight, domestic markets recovered with broader markets stealing the show.

I have been your magazine's ardent reader. I always enthusiastically wait for the small-cap special issue.

To begin with, I must say that the market conditions are looking better than they were 15 days ago.

The stock of Eveready Industries India Limited has been picked up by our Bollinger Band Squeeze scanner, which suggests that the stock is near a consolidation breakout.

The trend is up with bulls in the driving seat but do not get complacent and instead, keep a close eye on the level of 11,620, followed by 11,550 as these are important support levels. Stocks in news: Infosys, RBL Bank, Hero MotoCorp, Wipro.

The bulls of D-Street are in a T-20 mode as every day, they are hitting the ball out of the park and not believing in taking singles. This was quite evident when the index gained almost 9 per cent from the lows of 10,790.

This is a super house of financial data on 3500 corporates with up to date information. In the Magazine version the top 1100 -1400 companies are covered while the data on the entire 3500 companies is available in excel format for subscribers to download.

Data Bank of top-ranked equity funds based on DSIJ's proprietary research methodology.

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved. 

Investing is a process that requires you to choose the right mix of assets and investment options while also ensuring that investments remain on track to achieve your investment goals.

Small has always been beautiful. According to the Big Bang theory, the universe we are all a part of, at the beginning was very small, and since then it has been expanding, creating a beautiful world. Similarly, great companies that you see today.

This is our mutual fund recommendation. Every fortnight ,we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

When it comes to investment in mutual funds, the second most important thing people consider is taxation; returns remain undoubtedly the first. When we say a particular investment is taxable, then it is very important to understand how it is taxed. This is because taxation is one of the things that might influence your investment decision and returns that you take home. In this article, we would try to understand how mutual funds are taxed and how should you go about the process.

A circular issued by the capital market regulator, Securities and Exchange Board of India (SEBI), on September 11, 2020, states that multi-cap funds need to allocate at least 25 per cent of their portfolios in large-cap, mid-cap and small-cap stocks each by February 2021. How will this impact the mutual fund industry and, in particular, the investors? DSIJ presents detailed insights into what is and what will be

Recently SEBI modified its asset allocation rules of multi-cap mutual funds under the pretext that the existing funds under this category are not