Keep an eye on 11,064 and 11,225 levels as a break on either side would open up for a directional move.  Stocks in news: Alkem Laboratories, Vivimed Labs, Wipro, Bharti Airtel.

Indian markets are expected to the begin the session with modest gains, due to sombre cues from the Asian peers. However, how markets will end today’s session would chiefly depend on the outcome of Reserve Bank of India’s (RBI) policy meet. As the retail inflation is well above the RBI’s comfort zone, street strongly believes that there won’t be any further rate cut.

The consolidated net sales reported in Q1FY21 came in at Rs 53.81 crore, which declined by 40.77 per cent YoY from Rs 90.85 crore in Q1FY20. 

The shares of PI Industries were trading in the green on Wednesday and even rallied to hit an all-time high of Rs 1,966 apiece on BSE after the company reported robust numbers for the first quarter of the financial year 2020-21.

Domestic benchmark indices ended the trading day in the negative territory amid a volatile trading session on Wednesday. Sensex closed down marginally by a mere 24.58 points or 0.07 per cent settling at 37,663.33 while Nifty declined by 24.85 points or 0.22 per cent to close at 11,120.10.

The newly-launched drug, which was the need of the hour, would be available in the form of a strip of ten tablets, marketed under the brand name of Covihalt. It will be used to treat patients having a mild to moderate COVID-19 disease.

Global pharmaceutical major, Zydus Cadila announced on Wednesday that its plasmid DNA vaccine to prevent COVID-19, namely ZyCoV-D, was found to be well-tolerated and safe in phase 1 clinical trial.

Pharma major, Lupin Limited had announced on Tuesday that it has received regulatory approval from United States Food and Drug Administration (USFDA) for its Empagliflozin tablets, 10 mg and 25 mg to market a generic version of Jardiance tablets, 10 mg, and 25 mg, of Boehringer Ingelheim Pharmaceuticals.

Most people believe in the phrase, ‘the more the merrier’. However, that might not hold true with mutual funds. Read on to find out why.

The consolidated net sales reported in Q1FY21 came in at Rs 3,639.9 crore, which increased by 4.11 per cent YoY from Rs 3,496.3 crore in Q1FY20. 

The market opened in green on August 5, 2020. 

The market opened in green on August 5, 2020, overall volumes in futures & options currently stand at 2,11,51,827 crore contracts with a turnover of Rs. 14,46,632.04 crore.

The market opened in green on August 5, 2020, overall volumes in futures & options currently stand at 2,11,51,827 crore contracts with a turnover of Rs. 14,46,632.04 crore.

Alembic Pharmaceuticals Limited has received final approval from United States Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Vardenafil Hydrochloride tablets, 2.5 mg (base), 5 mg (base), 10 mg (base), and 20 mg (base).

The promoters have released 27 lakh equity shares, with reference to the earlier announcements. The promoters have informed the company that they have repaid Rs 58.09 crore and now the outstanding amount is Rs 5.91 crore.

The company also reported its first-quarter result of FY21 on Tuesday where it recorded revenue of Rs 32.24 crore as against Rs 35.87 crore in Q1FY20. It posted PAT of Rs 8.63 crore in the quarter as against Rs 10.04 crore in Q1FY20

Shivalik Rasayan Limited is one of the few outperforming small-cap stocks in the agrochemical sector that has beaten Sensex as well as its industry peers by a huge margin.

During July 2020, the company has managed to achieve a healthy performance amid the current uncertain situation due to COVID-19. The company’s production and sales volume stood at 2.19 MT and 2.57 MT, showing growth by 13 per cent and 7 per cent, respectively on a YoY basis.

On the downside, immediate support is seen around 10,974 levels, where the 20-DMA is placed and it becomes important to hold above this significant short-term average to maintain a bullish bias. Stocks in news: Persistent Systems, SRF, NMDC, Paushak, Axis Bank.

The Indian markets are likely to carry a positive baton from its previous trading sessions. Early trends in SGX Nifty suggests that Nifty may open around 11,089.50 level, up by 17.50 points. However, the sombre global cues and the rigid resistance zone of 11,112 to 11,170 might keep the up-move under check.

The consolidated net sales reported in Q1FY21 came in at Rs 2,713.91 crore, which increased by 13.44 per cent YoY from Rs 2,392.36 crore in Q1FY20.

On Tuesday, L&T Technology Services Limited announced that it has expanded its collaboration with Microsoft Corporation and launched the latest & enhanced version of the state-of-the-art i-BEMS™ solution on Microsoft Azure in order to transform buildings into future-ready smart campuses.

Ending a four-day losing streak, bulls made a comeback on Tuesday as Sensex gained by 748.31 points or 2.03 per cent to close at 37,687.91 while its NSE counterpart, Nifty rose by 211.25 points or 1.94 per cent to settle at 11,102.85.

Favipiravir is the only oral anti-viral treatment approved in India for the potential treatment of patients with mild to moderate COVID-19 disease.

The consolidated net sales reported in Q2CY20 came in at Rs 1,665.69 crore, which declined by 41.58 per cent YoY from Rs 2,851.459 crore in Q2CY19. 

On Tuesday, Tata Communications announced that it has launched a secure connected digital experience (SCDx) platform for enterprises to help them rebuild and adapt their organisations to the changing times, caused due to the COVID-19 pandemic.

The market opened in green on August 4, 2020. 

The market opened in green on August 4, 2020, overall volumes in futures & options currently stand at 1,57,19,920 crore contracts with a turnover of Rs. 10,81,112.79 crore.

The market opened in red on August 3, 2020, overall volumes in futures & options currently stand at 1,64,41,863 crore contracts with a turnover of Rs. 11,37,132.45 crore.

JSPL’s consolidated steel sales during July 2020 soared 25 per cent to 7,62,000 tonnes from 6,11,000 tonnes sales in the same period last year

As more and more corporations are raising money via rights issues, investors are closely tracking the performance of rights entitlement (RE) of various issues.

Dilip Buildcon Limited has won a new hybrid annuity model (HAM) project from National Highways Authority of India (NHAI) in the state of Telangana. The project cost is worth Rs 1,140.50 crore.

Besides, to further expand in the Eastern region, the company had acquired Jaipur Cements in May 2019 to set up a grinding unit with 1.5 MTPA capacities at a cost of Rs 308 crore.

The growth in the non-food bank credit remained subdued in the month of June 2020. Read on to find out more.

The company’s order book as on March 31, 2020, stood at over Rs 20,503 crore. Its order book mix comprises of T&D-54 per cent, Railways-29 per cent, Civil-13 per cent, Cables-2 per cent and others- 1 per cent.

The company is going to market this product under the brand name ‘Jubi-R’ in India. The company will make the drug available to over 1,000 hospitals providing COVID-19 treatment in India through its distribution network.

Yesterday’s session proved to be Black Monday for the Indian markets as both Sensex and Nifty glided below their important psychological level of 37,000 and 11,000, respectively. However, the bulls on D-Street would attempt for revival on Tuesday, aided by the joyful mood amongst the global peers.

If Nifty manages to close below the 200-DMA, the next level of meaningful support would be placed at 10,550. Interestingly, the 61.8 per cent retracement of the current upswing is also at 10,860. Stocks in news: Jubilant Life Sciences, Alembic Pharmaceuticals, Infosys.

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Considering the daily timeframe, the stock of Tata Motors Limited has given a downward sloping trendline breakout along with robust volume. The stock has also managed to close above the upper Bollinger band and started the band walk, which is a very bullish sign.

The month of August has begun with strong bearish sentiments prevalent in the domestic markets as Sensex slumped by 667.29 points or 1.77 per cent to close at 36,939.60 while Nifty tanked by 173.60 points or 1.57 per cent to settle at 10,899.85.

With these orders, the company’s order book as on June 2020, stood at 759 KMT valued at almost Rs 6,200 crore. These order books translate into book-to-bill of 0.62x on TTM revenue, giving healthy revenue visibility in the near term

The stock of Procter & Gamble Health Limited has given an ascending triangle pattern breakout on the daily timeframe. This breakout is confirmed by the above 50-day average volume.

Wockhardt, the global pharmaceutical and biotechnology major, on Monday, announced that it has entered into an agreement with the UK Government to fill-finish COVID-19 vaccines.

Provisions and contingencies declined by 20.9 per cent YoY to Rs 1,512.07 crore in Q1FY21, as against Rs 1,911.98 crore in Q1FY20. 

Generally, the promoters or promoter groups are the ones who have major control over the company and may also hold senior executive positions. As a result, they are in a better position to understand the company’s day-to-day performance and future outlook

Polycab India is planning to expand its presence in the international markets, where dependence on Chinese imports is higher. The company is targeting markets like the US, Australia, Europe, and Africa, among others

The company witnessed a sequential growth of 27 per cent sales in the month of July with sales of 2,52,744 units as against 1,98,387 units reported in June 2020.

The market opened in red on August 3, 2020. 

The market opened in red on August 3, 2020, overall volumes in futures & options currently stand at 1,64,41,863 crore contracts with a turnover of Rs. 11,37,132.45 crore.

The market opened in red on August 3, 2020, overall volumes in futures & options currently stand at 1,64,41,863 crore contracts with a turnover of Rs. 11,37,132.45 crore.

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The downward spiral of the US dollar may have worried certain influential people including US President Donald Trump. However, the question arises: Why would he worry about the fall of USD?

BSE 500 index too surged by 6.7 per cent from 13,438.14 as of June 30, 2020 to 14,346.18 as of July 31, 2020.

The rate of contraction of the output of eight core industries’ has slowed down in the month of June 2020. Read on to find out more.

Zydus Cadila, a part of Cadila Healthcare, informed the bourses during the weekend that it has received tentative approval from United States Food and Drug Administration (USFDA) for Carbidopa and Levodopa extended-release capsules.

The bulls finally halted its upward run as on July 31, 2020 post recording gains for six successive weeks. Last week, Nifty and Sensex descended by 120 points and 421 points, respectively. The fall of 4.51 per cent in the Bank Nifty acted as the biggest thorn in the flesh resulting into a market correction.

The immediate support for Nifty is placed at 10,952 to 11,058 levels as the last two weeks’ low and the 20-DMA is placed in this zone. Further, the breach of this support zone would lead Nifty towards its 200-DMA placed at 10,860 level.

Indian Oil Corporation announced today that the company’s board had approved the implementation of an Integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Odisha, at an estimated investment of Rs 13,805 crore. The PX-PTA complex is estimated to be completed by 2024 and will be integrated with the company’s Paradip Refinery which is operational since 2015.

The consolidated net sales reported in Q1FY21 came in at Rs 537.37 crore, which declined by 13.36 per cent YoY from Rs 620.25 crore in Q1FY20. 

The stock is meeting Daryl Guppy’s multiple moving averages set up rules as it is trading above both the short and long-term moving averages. Interestingly, the RSI has broken out of inverse head and shoulders like pattern, which is a very bullish sign.

Sensex opened in green only to lose momentum and spend the rest of the trading session in red. Sensex closed at 37,606 levels, down by 129 points or 0.34 per cent while Nifty shut shop at 11,088, down by 13.90 points or 0.13 per cent.

The numbers show a very positive trend in the re-opening of the economy. Despite this, the bank added that the overall situation continues to be uncertain. One of the major challenges that the bank sees is the extended working capital cycle and waning cash flows.

ABB India has opened a new robotic facility in Bengaluru. ABB Nelamangala factory premises in Bengaluru would enable the company to deliver robotic applications and digital solutions for a variety of Indian industries, including automotive, food and beverage, electronics, and other upcoming sectors.

During the recently concluded Q1FY21, the company reported 14.5 per cent growth in electricity volumes at 14,878 MU in comparison to the same quarter last year.

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The market opened flat on July 31, 2020. 

The market opened flat on July 31, 2020, overall volumes in futures & options currently stand at 6,29,47,311 crore contracts with a turnover of Rs. 41,88,028.33 crore.

The market opened flat on July 31, 2020, overall volumes in futures & options currently stand at 6,29,47,311 crore contracts with a turnover of Rs. 41,88,028.33 crore.

Tata Capital Growth Fund is set to invest Rs 225 crore (USD 30 million) to buy 0.85 per cent minority stake in Biocon Biologics, which is the subsidiary of Biocon Limited, handling the company’s biosimilar business.

The consolidated net sales reported in Q1FY21 came in at Rs 91,238 crore, which declined by 43.8 per cent YoY from Rs 1,62,353 crore in Q1FY20. 

India’s largest public sector bank, State Bank of India will report its Q1FY21 result today. Here is a sneak-peek to the stock’s technical position.

The company generates nearly 48 per cent revenue from the consumer electronics segment, which mainly comprises of LED TVs. During Q4FY20, the company added three new customers for this business including Toshiba. The company is in a process to enhance LED TV capacity to 4.4 million units in FY21 from 3.6 million currently.

Exactly a year ago, Prudential Global Investment Managers (PGIM) had completed the purchase of its previous 50 per cent held joint venture with DHFL.

Despite markets losing close to a per cent on the Futures & Options (F&O) expiry day, the July series ended with gains of almost 868 points or 8.47 per cent. Early trends in SGX Nifty suggests that the first trading session of the August F&O series is likely to begin with optimism. At 7:45 AM, SGX Nifty is trading with gains of 0.57 per cent at 11,147.50 level.

A weekly close below 11,058 could lead to 10,800 levels. However, a close above Thursday's high would be a positive sign. Stocks in news: Wipro, Kesoram Industries.

The consolidated net sales reported in Q1FY21 came in at Rs 1,980 crore, which declined by 12.9 per cent YoY from Rs 2,273.3 crore in Q1FY20. 

Mutual funds have tentatively changed the cut off timings. Read on to find out more about it.

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The consolidated net sales reported in Q1FY21 came in at Rs 2,056 crore, which increased by 1.68 per cent YoY from Rs 2,022 crore in Q1FY20. 

Tata Consultancy Services (TCS) has expanded partnership with Vaillant Group, a global leader in heating, ventilation and air-conditioning technology, to streamline the latter’s business processes and implement those on a single, digital enterprise process platform to support its business model transformation and future growth.

Selling continued to be witnessed in domestic markets as Sensex declined by 335.06 points or 0.88 per cent to settle at 37,736.07 while Nifty fell by 100.70 points or 0.90 per cent to close at 11,102.15.

IOCL forms JV with Total SA to Provide Bitumen Derivatives
 

Tax Queries By Jayesh Dadia Chartered Accountant

It also mentioned that with this new order, its order book would be well-placed and might reach Rs 2,000 crore in FY21. As of the end of FY20, the order book stood at Rs 1,788.2 crore.

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
 

Healthcare company Lincoln Pharmaceuticals announced the launch of its Vitamin C+ Zinc tablets in Indian markets thus, consolidating its position in a market estimated at about Rs 150 crore in the country and growing at 15 per cent per annum.

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