Mutual Fund platform BSE StAR MF has set a new high. It recorded the highest number of MF transactions for the month of August 2020.

The beginning of the week was disappointing for investors as Sensex cutting its six-day winning streak ended in negative territory on Monday. India VIX rose by 25 per cent.

The price action has formed a dark cloud cover candlestick pattern on the daily scale. The dark cloud cover is a bearish reversal candlestick pattern, which usually occurs when a bearish candle on the second day closes below the middle of the first day’s candle.

Auto component maker Steel Strips Wheels Limited (SSWL) on Monday announced that it has received orders worth over US$ 46,000 (around Rs 34 lakh) for about 3,700 wheels for the US caravan trailer market.

The price action has formed a bearish engulfing candlestick pattern on the daily scale. This pattern is considered to be a bearish reversal pattern and usually occurs at the top of an uptrend.

Meanwhile, BSE 500 index too surged by 3.8 per cent from 14,346.18 as on July 31, 2020, to 14,890.06 as on August 31, 2020.

The Sensex on Monday made an intraday high of 40010.17 in the morning session to tumble by more than 1500 points and close at 38628.29 levels. Sensex was down by 839.02 points or 2.13 per cent. Nifty closed at 11387.50 levels, down by 260.10 points or 2.23 per cent.

Fitch Ratings, in its recently released report, said that the sales of Indian pharmaceutical companies will rise after a gradual easing of the Coronavirus pandemic-related lockdown measures that caused disruptions across most markets in the first quarter of FY21

On the operational front, the sales volume declined 28 per cent on a YoY basis to 6.28 million tonnes in the first quarter of FY21. The resultant decline in the operating profit was 60 per cent over the same period last year to Rs 750 crore.

Biocon's subsidiary Biocon Biologics India Ltd, a fully-integrated pure-play biosimilars company and Mylan announced the launch of Semglee (insulin glargine injection) in the US to expand access for diabetes patients

Parag Milk Foods Limited, a dairy FMCG company, launched Pride of Cows ‘single-origin ghee’ on Monday. Famous for brands like ‘Gowardhan’, ‘Go’, ‘Pride of Cows’, and ‘Avvatar’, the single-origin ghee is procured from Pride of Cows milk, the first-of-its-kind farm-to-home milk.

Anil Ambani-led Reliance Infrastructure informed the bourses on Monday that it has defaulted on the repayment of a loan. The company's stock has deteriorated almost 95 in the last couple of years. The company in its latest quarterly filing has said that it has nearly Rs 60,000 crore of receivables pending

The consolidated net sales reported in Q1FY21 came in at Rs 2,779.48 crore, which increased by 6.5 per cent YoY from Rs 2,609.95 crore in Q1FY20. 

On Monday, Sensex opened with gains but soon, sentiments in the markets turned sour after reports of India-China tensions made the headlines.

The nation's largest gas marketer and shipper has adopted a revised strategic plan identifying priority business initiatives. This strategic plan will help the company to address its challenges in the changing industry scenarios and provide new areas for growth with geographic expansion.

In the recently released report, India Ratings & Research (Ind-Ra) has expressed that despite the share of agriculture in India's gross value, which is 17 per cent, the rural demand at best can extend support to consumption demand but cannot be a substitute for urban demand

The market opened in green on August 31, 2020.

The market opened in green on August 31, 2020, overall volumes in futures & options currently stand at 2,00,73,108 crore contracts with a turnover of Rs. 14,02,335.91 crore.

The market opened in green on August 31, 2020, overall volumes in futures & options currently stand at 2,00,73,108 crore contracts with a turnover of Rs. 14,02,335.91 crore.

On June 17, 2020, Wonderla Holidays forayed into food takeaway and home delivery division as part of its business expansion. Under this business plan, the company has launched two 'Wonder Kitchen' outlets in Bangalore since June 2020.

The markets witnessed a big dent in the month of March 2020 and then recovered gradually. Here is a list of the top 10 funds that returned higher than markets.

The company posted a net profit of Rs 759.75 crore for Q1FY21 on account of exceptional items in connection with the transfer of the business comprising 62 products to Dr. Reddy’s Laboratories Limited. 

The acquisition, which is being done to expand its end-to-end offerings for local as well as regional resources sector, will be made by its wholly-owned subsidiary, Cyient Australia Pty Limited. 

With the recent rise and narrowing range bars, we would advise the traders to follow a strict trailing stop-loss for the long position as there is no signal for short-selling unless the index closes below the prior bar and forms a lower high. Stocks in news: CG Power & Industrial Solutions, Reliance Industries, Cyient.

Early trends in SGX Nifty indicates a strong opening of the week for the markets. 

The company reported consolidated net sales of Rs 217.73 crore in Q1FY21, which declined by 52.99 per cent YoY from Rs 463.19 crore in Q1FY20.

The company reported consolidated net sales of Rs 475.2 crore in Q1FY21, which declined by 45.26 per cent YoY from Rs 868.14 crore in Q1FY20.

Reliance Industries Ltd and Future Group announced that the former is acquiring the Retail & Wholesale business and Logistics & Warehousing business of the latter on slump sale basis for lumpsum aggregate consideration of Rs 24713 crore.

The company reported consolidated net sales of Rs 522.93 crore in Q1FY21, which declined by 37.98 per cent YoY from Rs 843.22 crore in Q1FY20.

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

Net interest income (NII) stood at Rs 53.33 crore as against Rs 400.82 crore it reported in Q1FY20. A decline of 86.7 per cent YoY.

The company reported consolidated net sales of Rs 1092.81 crore in Q1FY21, which declined by 28.32 per cent YoY from Rs 1524.51 crore in Q1FY20.

On Friday, the markets were dominated by the banks. Sensex managed to close at 39467.31 up by 353.84 points or 0.90 per cent. Nifty closed at 11655.25, up by 96 points or 0.83 per cent.

We analysed the last one year's returns of Nifty as an index and its constituents too in the last one year, starting from August 27, 2019, till August 27, 2020. Over this period, Nifty gave an absolute return of a mere 4.09 per cent. Surprisingly, there was enough disparity in Nifty constituents with regard to the returns they gave individually.

On July 27, 2020, BSE Metal index was at 7,598.48 which jumped by 20.7 per cent to 9,175.04 on August 27, 2020. BSE Realty index was at 1,536.99 as of July 27, 2020, which grew by 19.8 per cent to 1,842.24 on August 27, 2020.

In the last one-year, corporate bond funds, on average, generated a return of 10.74 per cent. Hence, if you are planning to invest in them, then here are some key points that you need to bear in mind.

The consolidated net sales reported in Q1FY21 came in at Rs 673.72 crore, which declined by 5.44 per cent YoY from Rs 712.49 crore in Q1FY20.

It expects to reach an average gross revenue rate of Rs 150-Rs 155 crore per month in the next 3 months. This is a 14 per cent increase in the average volume and revenue on a YoY basis.

Avantel, a small-sized telecom equipment manufacturer, informed on Friday that it has signed a contract worth Rs 96.76 crore with IHQ, MoD (Indian Navy), for the supply of communication equipment for Indian Naval ships. Looking at its annual revenue of Rs 52 crore for FY20, this order is of quite a significance to the company.

The company reported consolidated net sales of Rs 179.43 crore in Q1FY21, which declined by 71.94 per cent YoY from Rs 639.53 crore in Q1FY20.

The market opened in green on August 28, 2020.

The market opened in green on August 28, 2020, overall volumes in futures & options currently stand at 5,12,97,629 crore contracts with a turnover of Rs. 35,09,028.64 crore.

The market opened in green on August 28, 2020, overall volumes in futures & options currently stand at 5,12,97,629 crore contracts with a turnover of Rs. 35,09,028.64 crore.

Net interest income (NII) stood at Rs 4.46 crore as against Rs 3.97 crore it reported in Q1FY20. A growth of 12.3 per cent YoY.

Markets are likely to end the week on an optimistic note amid strong global cues.

In the coming session, the zone of 11,530-11,500 is crucial to monitor as it is the confluence of upward sloping trendline support and 20-hour EMA level. Failure to hold above the 11,500 mark could be the first sign of weakness. Stocks in news: Yes Bank Ltd, Artson Engineering Ltd, Mahindra & Mahindra Ltd, GMR Infrastructure Ltd.

The consolidated net sales reported in Q1FY21 came in at Rs 1,937.5 crore, which declined by 40.64 per cent YoY from Rs 3,263.74 crore in Q1FY20. 

The consolidated net sales reported in Q1FY21 came in at Rs 955.40 crore, which declined by 12.63 per cent YoY from Rs 1,093.49 crore in Q1FY20.

Dr Reddy’s Laboratories Ltd announced the launch of Penicillamine capsules USP, 250 mg, a therapeutic equivalent generic version of Cuprimine (Penicillamine) capsules, 250 mg, approved by United States Food & Drug Administration (USFDA) on Thursday.

The shares of Blue Star Limited were trading as high as 15 per cent on Thursday after the company announced that it has won an electrical & mechanical works (E&M) order valued at Rs 149 crore.

Infosys, a global leader in the next-generation digital services & consulting, announced a five-year partnership with Genesys, a global leader in cloud customer experience and contact centre solutions. 

On the last expiry day of the month, Sensex and Nifty saw profit booking. Sensex managed to close at 39113.47 levels, up by 39.55 points or 0.10 per cent on Thursday. Nifty closed at 11559.25 levels, up by 9.65 points or 0.08 per cent.

To compile the CFO rankings, DSIJ examined the performances of companies listed on the BSE and the NSE across market capitalisation.

Future Enterprises Ltd (FEL) announced that a meeting of the company’s board of directors is scheduled to be held for considering proposals of raising funds. Reacting to the announcement, the shares of various Future Group-owned companies soared high on Thursday.

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Alembic has a total of 130 ANDA approvals, out of which, 113 are final approvals while 17 have tentative approvals from USFDA.

Equity portfolio management is all about maximising returns while minimising risks. Most professional investors are able to understand this relation very well which makes them good at managing long-term portfolios.

The company reported consolidated net sales of Rs 252.02 crore in Q1FY21, which rose by 31.95 per cent YoY from Rs 190.99 crore in Q1FY20.

The company reported consolidated net sales of Rs 103.64 crore in Q1FY21, which declined by 59.14 per cent YoY from Rs 253.67 crore in Q1FY20.

With the ongoing pandemic disrupting economies around the world and pushing companies into finding innovative ways to stay afloat, the chief financial officers of all the leading organisations are now shouldering the immense responsibility of creating a new path of sustainability

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc.

Voracious bulls are at play right now and the jumping stock prices are a pleasing sight to many investors. As the stock prices and indices, both local and global, inch higher, a majority of investors and professionals are wondering if it is the right time to book out.

Healthy product mix and penetrating existing markets while entering new markets is the growth mantra for Godrej Agrovet 

Before we begin let’s do a recap of what we had mentioned in our previous market update. We had stated that Bank Nifty was likely to regain its lost ground and according to the measure rule of the ascending triangle pattern index was likely to touch the level of 22,800-23,000.

The company sees greater opportunity in appliances, cold storage, hospitals for anti-microbial coated steel products amidst customers’ behavioural shift due to the ongoing pandemic that has increased health awareness.

In this edition, we have reviewed JK Paper Limited and Bajaj Finance. We suggest our reader-investors to HOLD in JK Paper Limited and Bajaj Finance.

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

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.

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. 

Indian multinational vehicle manufacturer, Mahindra & Mahindra, signed the deal to explore the development and manufacturing of electric commercial vehicles for the global markets.

The PMI data in the Euro zone did disappoint market participants but the stock prices after a bout of correction managed to recover, nevertheless tracking the virus-related developments and the US markets. The Asian markets traded strong in the past couple of weeks as there are signs emerging of the situation getting calmer between the US and China 

The market opened in green on August 27, 2020.

The market opened in green on August 27, 2020, overall volumes in futures & options currently stand at 2,64,21,835 crore contracts with a turnover of Rs. 18,47,582.19 crore.

The market opened in green on August 27, 2020, overall volumes in futures & options currently stand at 2,64,21,835 crore contracts with a turnover of Rs. 18,47,582.19 crore.

I am very thankful for the recent issue discussing beaten-down stocks and their prospects for recovery.

Believe it or not, despite the economic challenges foreseen, there is a race going on between small-caps and mid-caps to top the markets

In July 2020, Tau Investment has made an open offer to acquire up to 2,00,93,346 shares of JB Chemical to its existing shareholders. The open offer constitutes 26 per cent of the voting share capital, at the offer price of Rs 745 per equity share, subject to the terms and conditions.

Xelpmoc Design and Tech Ltd is a recently-listed (January-2019) micro-cap company that is catching investors’ attention with its accelerating performance on bourses. Xelpmoc Design is a technology, data analytics, and design company.

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 through mutual funds can be a sure-shot way of enhancing your chances to achieve your investment goals over varied time horizons as they offer a number of advantages over traditional investment options.

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.

An analysis carried out by DSIJ shows that debt gave better risk-adjusted returns. This should certainly be of interest to a conservative investor

Most investors think that risk is proportionately reduced by adding each additional stock in a portfolio, which, actually, is quite farther away from the truth. In the book titled ‘Modern Portfolio Theory and Investment Analysis’ authored by Edwin J. Elton and Martin J. Gruber, there is evidence that one can only reduce risk to a certain point beyond which there is no further benefit from diversification.

It is not a question about whether you should buy equity or gold. It is more about whether it should be an essential part of your portfolio. In this article we have highlighted the reasons why we recommend gold to be an integral investment along with other asset classes

In the last couple of weeks gold has turned out to be quite volatile and is down by almost 6 per cent from its recent high. Many investors now believe that gold has run its course as it is up by more than 50 per cent in the last one year and there is no merit in investing in this yellow metal.

I am heavily invested in large-cap funds and am thinking of shifting to index funds. Is it the right step? Also, should I go for ETFs instead of index funds?

On the upside, Nifty may witness resistance in the zone of 11,660-11,680 level. On the downside, immediate support is placed in the zone of 11,490-11,460 as it is a confluence of upward sloping trendline support and 20-hour MA. Stocks in news: Jindal Stainless Ltd, Punjab & Sind Bank, Hindustan Aeronautics Ltd, Affle (India) Ltd.

Early trends in SGX Nifty indicates a flat start for the markets.

The company reported consolidated net sales of Rs 692.53 crore in Q1FY21, which declined by 60.29 per cent YoY from Rs 1744.07 crore in Q1FY20.

The company reported consolidated net sales of Rs 350.98 crore in Q4FY20, which declined by 24.35 per cent YoY from Rs 463.97 crore in Q4FY19.

The share price of Affle (India) Ltd hit its upper circuit on August 26, 2020, and made a new 52-week high after the company announced that it has won the contract from Singapore Government to build a ‘digital & cloud-based commuter survey platform’ for the countries’ Land Transport Authority (LTA).