ITC informed that it has acquired spices maker Sunrise Foods Private Limited (SWPL) in an all-cash deal valued at Rs 2,150 crore. The announcement was made after the trading hours on Monday. 

Considering the daily timeframe, the stock has given a downward sloping trendline breakout formed by connecting swing highs since July 07, 2020. With this trendline breakout, the ADX, which shows the strength of the trend, turned upside and moved above the -DI.

The net sales reported in Q2CY20 came in at Rs 710.5 crore, which declined by 5 per cent YoY from Rs 747.9 crore in Q2CY19.

Info Edge (India), one of the most active investors among early-stage tech start-ups in the country, announced that it was investing around US$ 6.33 million in Bulbulive Shopping Network Private Limited, a video and live stream-led commerce platform.

Tata Steel informed the bourses on Tuesday that it has flagged-off the first raw material consignment of ferrous scrap on July 24 for trials at its steel recycling plant that is being set up in Rohtak (Haryana). The said plant has 0.5 MTPA scrap processing capacity, which is expected to commence soon

Bulls were in charge during the afternoon trading session as buying was witnessed in mainly IT, banking, cement, and auto stocks. As stocks rallied, Indian benchmark indices such as Sensex surged by 1.47 per cent or 558.22 points to close at 38,492.95 while Nifty rose by 1.52 per cent or 168.75 points to settle at 11,300.55.

The fund, once the darling of investors, looks like a pale shadow of its yesteryears.

SBI Card and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on Tuesday launched IRCTC SBI Card on RuPay platform.The new card has been designed to reward frequent railway passengers. It also offers savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.

Wipro Limited announced on Tuesday that it has selected Google Cloud as the cloud provider for its enterprise-wide SAP footprint. This engagement will bring SAP applications and workloads to the cloud to support Wipro’s 1,80,000 employees. This latest collaboration solidifies the strategic relationship between the companies as they roll out two major initiatives across Wipro’s global organisation

Gold has been the best performing assets in 2020 up till silver posted a sudden jump in its prices. Gold is up by almost 30 per cent on a YTD basis while silver is 31 per cent even as Sensex is down by nearly 7.5 per cent on a similar timeframe.

The consolidated net sales reported in Q1FY21 came in at Rs 7633.75 crore, which declined by 33.15 per cent YoY from Rs 11,419.74 crore in Q1FY20. 

The company caters to several large-cap companies which include UPL Ltd, Jubilant, Indo Gulf Fertilizers, Mahindra Summit Agriscience, Bharat Rasayan, etc. 

Coal India’s coal allocation under special forward e-auction for the power sector declined 28.7 per cent to 4.74 million tonnes (MT) in the first quarter of the ongoing fiscal (Q1FY21)

The market opened in green on July 28, 2020. 

The market opened in green on July 28, 2020, overall volumes in futures & options currently stand at 1,91,53,144 crore contracts with a turnover of Rs. 13,18,992.22 crore.

The market opened in green on July 28, 2020, overall volumes in futures & options currently stand at 1,91,53,144 crore contracts with a turnover of Rs. 13,18,992.22 crore.

The board of the company on Tuesday announced that it has approved the buyback of equity shares having a face value of Rs 2 from the open market at a maximum price of Rs 40 per equity share.

Gold has always been the preferred investment for people in India. In this article, we would list the best gold funds that you can consider investing in.

Indian Oil Corporation Limited (IOCL) has formed a 50:50 joint venture (JV) company with French multinational integrated oil & gas company- Total SA, to manufacture and market high-quality bitumen derivatives and speciality products for the growing road infrastructure industry in India.

This is the first order win of the company for the month of July 2020. In the last month i.e. June 2020, the company had secured orders worth Rs 431.63 crore from BHEL and IIT.

Indian markets are likely to begin its session in green on the buoyant global cues. However, would bulls extend its early lead or fade away like it did in last session? Some of the factors are indicating the latter to be the case.

Even though the indicators are gesturing weakness, it needs to be confirmed by price and this would happen only if the support level of 11,058 is breached on the downside. On the upside, the zone of 11,225-11,240 is likely to act as a resistance. Stocks in news: ITC, United Spirits, Birlasoft, Music Broadcast.

Provisions and contingencies increased by 203.7 per cent YoY to Rs 962.01 crore in Q1FY21, as against Rs 316.76 crore in Q1FY20. 

The stock has bounced back from the edge of the upward sloping trendline support, which is formed by connecting the swing lows from May 2020. The reversal from the support is further justified with strong volumes.

Sensex closed at 37,934.73 on Monday, down by 194.17 points or 0.51 per cent while Nifty declined by 62.35 points or 0.56 per cent to settle at 11,131.80.

The consolidated net sales reported in Q1FY21 came in at Rs 408 crore, which declined by 42.26 per cent YoY from Rs 706.65 crore in Q1FY20. 

Due to COVID-19 restrictions, the experiences of work, technical skills training, and Engineering Development Trust (EDT) programmes have become inaccessible for many students. To address this gap, EDT has adapted the online version of its summer programmes by leveraging TCS iON platform.

Out of this, its Chennai plant has a capacity of 6 million wheels, which caters to its passenger and multi-utility vehicle (MUV) related demand.

On Monday, when Sensex is struggling and is down in red, the share price of BSE Ltd is exciting lot of investors. At one point, its stock jumped by more than 12 per cent on an intraday basis.

The approval causes the contractual pre-commercialisation milestone of USD 20 million payable to Hatchtech Pty Limited. XEGLYZE is used in the treatment of head lice infestation in patients six months of age and older. The company is working to commercialise this product through its partners.
 

The market opened in red on July 27, 2020. 

The market opened in red on July 27, 2020, overall volumes in futures & options currently stand at 1,61,87,165 crore contracts with a turnover of Rs. 11,53,542.45 crore.

The market opened in red on July 27, 2020, overall volumes in futures & options currently stand at 1,61,87,165 crore contracts with a turnover of Rs. 11,53,542.45 crore.

Liquid funds are aimed at providing liquidity along with safety. In this article, we would discuss the best liquid funds for investing.

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

Mindspace Business Parks REIT is approaching the capital market to raise Rs 4500 crore. Read on to find if you should subscribe to the issue.

The Indian government-owned aerospace and defence company, Bharat Electronics, will report its Q1FY21 result on Monday. Here is a sneak-peak to the stock’s technical position.

Nifty extended its northward journey for the sixth successive trading sessions in the last week, making it a longest winning streak post April 2019. Early trends in SGX Nifty suggests that the bulls are likely to have an edge this morning as Nifty is likely open the session above 11,200 level. At 7:45 AM SGX Nifty was trading higher by 29.50 points.

Traders are advised to be cautious and should not consider momentum buying unless the 11,244 level is breached northward. The next target would be placed at 11,378 level on breakout above 11,244 level. On the downside, do watch out for 11,058 - 10,980 levels as it is acting as an crucial support zone. Stocks in news: Cipla, Goa Carbon, Wipro.

India INX which is promoted by BSE is India's first International Exchange (India INX) at Gandhinagar Gift City. BSE reported that India INX has witnessed a new landmark with an all-time high daily turnover of more than USD 4.9 billion. 

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. Talking about the indicators, the 14-period RSI on the daily timeframe has marked a fresh 14-period high and is trading above its previous swing high.

Net interest income (NII) came in at Rs 9,279.75 crore, which witnessed a growth of 19.9 per cent YoY, compared to Rs 7,737.43 crore in Q1FY20. 

Reserve Bank of India (RBI) conducted a stress test suggesting that the COVID-19 pandemic could lead Indian banks’ gross NPA to its two-decade high. Read on to find out more.

Here is a list of mutual funds that are in line to be launched.

The consolidated net sales reported in Q1FY21 came in at Rs 5,940.92 crore, which declined by 53.31 per cent YoY from Rs 12,723.86 crore in Q1FY20. 

On Friday, the stock has given a breakdown of the upward sloping trendline of the rising channel, which suggests a correction before another northward journey. This breakdown is confirmed by a relatively higher volume.

Domestic benchmark indices closed flat on Friday as Sensex dropped by 0.03 per cent or 11.57 points to settle at 38,128.90 while Nifty fell by 0.19 per cent or 21.30 points to end at 11,194.15.

The stock of Deepak Nitrite Limited has given a cup & handle pattern breakout on the daily timeframe. This breakout is supported by robust volumes. The length of the cup with handle pattern was of 54 trading sessions and the depth of the pattern was 19 per cent. 

Pharma-major, Lupin Limited, announced that it has received tentative approval for its Empagliflozin and Linagliptin tablet in the strengths of 10 mg/5 mg and 25 mg/5 mg from United States Food and Drug Administration (USFDA), to commercialise a generic version of Glyxambi tablets, of Boehringer Ingelheim Pharmaceuticals, Inc.

State-owned Bank of Maharashtra share prices was trading in the green on Friday, climbing by more than 4 per cent after the bank reported positive June quarter earnings on the back of a decline in bad loans.

The revenue from operations of Asian Paints has decreased by 42.7 per cent to Rs 2,922.66 crore from Rs 5,104.72 crore on a consolidated basis for the quarter ended June 30, 2020. The paints segment, which contributes the majority part of this revenue, saw a decrease of 42.56 per cent to Rs 2,870 crore from Rs 4,996 crore last year.

The consolidated net sales reported in Q1FY21 came in at Rs 660.56 crore, which declined by 36.52 per cent YoY from Rs 1,040.55 crore in Q1FY20.

INEOS Styrolution India informed the bourses on Friday that its promoter INEOS Styrolution APAC Pte. Ltd has decided to reject the discovered price of Rs 1,100 per equity share.

The countries leading two-wheeler manufacturer, Hero MotoCorp announced on Friday that it has invested Rs 84 crore (US$ 11 million) into Ather Energy, an Indian electric vehicle (EV) company, thus taking its shareholding in the company up to 34.58 per cent.

Indian airline, SpiceJet, informed the bourses on Friday that the company has been designated as Indian scheduled carrier to operate on agreed services between India and the UK in accordance with the air services agreement between the Government of India and the Government of the United Kingdom

IHS Markit has released a report, which states that the growth of India’s gross domestic product (GDP) is likely to recover in the second half of 2020.  IHS is of the view that if the impact of the COVID-19 pandemic recedes, India would project a GDP growth of 6.7 per cent in FY22E

The market opened in red on July 24, 2020, overall volumes in futures & options currently stand at 5,96,14,984 crore contracts with a turnover of Rs. 34,71,635.85 crore.

The market opened in red on July 24, 2020, overall volumes in futures & options currently stand at 5,96,14,984 crore contracts with a turnover of Rs. 34,71,635.85 crore.

The market opened in red on July 24, 2020. 

One should focus on the way ahead rather than looking at what happened in the past. Markets are here for a long time and thinking over what happened, would add more to the agony of the retail investors.

It posted net profit of Rs 16.75 crore for Q2CY20, which declined by 75.98 per cent, as compared to Q2CY19 when it reported Rs 69.74 crore. 

PNC Infratech Limited has surged 8.9 per cent after receiving letters of acceptance (LOA) from National Highways Authority of India (NHAI) for two EPC projects for which, it had submitted bids on January 11, 2020. Both these projects are worth Rs 1,547.80 crore.

For the first time since March 5, Nifty closed above 11,200 level in the last trading session. Even the broader markets were cheering. As a result, market participants would be expecting the bulls to continue its northward journey! But as the sentiments reverses due to melancholy cues from the global markets, caution is likely to be the buzzword today.

On the upside, the level of 11,240 is likely to act as a stiff resistance and on the downside, the level of 11,103 may act as a support. Stocks in news: Sun Pharmaceutical, Majesco, PNC Infratech, Kingfa Science & Technology, Voltas, Lupin.

The stock of Orissa Minerals Development Company (OMDC) Limited has given a symmetrical triangle breakout on the daily timeframe. This breakout was confirmed by the above 50-day average volume.

With this triangle breakout, the ADX, which shows the strength of the trend, turned upside and moved above the -DI. Additionally, the stock has formed an opening bullish Marubozu candlestick pattern on the breakout day, which indicates an extreme bullishness. Interestingly, the daily RSI has given downward sloping trendline breakout, which is also a bullish sign.

SEBI circular, which aims to enhance the transparency in debt mutual funds, is out now.

A leading global information technology, consulting & business process services company, Wipro, announced that it is planning to launch its 5G edge services solutions suite soon. 

Subscribers can ask their queries regarding stocks they hold and get our expert guidance.

Net interest income (NII) stood at Rs 487.8 crore in Q1FY21, which declined by 22 per cent YoY, as against Rs 625.5 crore in Q1FY20. 

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

After a day's skip, domestic benchmark indices ended on a positive note on Thursday, with Sensex gaining by 268.95 points or 0.71 per cent to settle at 38,140.47, near to the day's high of 38,225.03. Nifty rose by 82.85 points or 0.74 per cent to end at 11,215.45, close to its day's high of 11,239.80.

The consolidated net sales reported in Q1FY21 came in at Rs 411.49 crore, which declined by 18.42 per cent YoY from Rs 504.39 crore in Q1FY20. 

A swiss-Swedish multinational corporation, ABB, will deliver the largest automation projects in the Indian agrochemical industry for Deccan Fine Chemicals, a leading chemical manufacturer in India.

In the recently reported financial numbers of Q4FY20, it reported a profit of Rs 16.78 crore, which is the first time since the September quarter in 2015. The bank has shown signs of improvements in FY20.

Meanwhile, its annual sales volume declined by 11 per cent in FY20. The company has reported its fourth quarter and FY20 financial numbers. Its sales volume declined to 3,20,373 MT for FY20.

Dilip Buildcon Limited informed the bourses on Thursday that its joint venture with Hindustan Construction Company (DBL-HCC) has received a letter of acceptance (LOA) from Narmada Water Resources, Water Supply and Kalpasar Department (Water Resources) for an engineering, procurement and construction (EPC) project in the state of Gujarat.

Speciality Chemicals manufacturer, Rossari Biotech Limited, made a strong debut on the stock exchanges on Thursday, as the stock listed at Rs 670 on BSE, with a 57.5 per cent premium to its issue price of Rs 425 apiece.

The company stands out as one of the leading pharma companies in the world. Its core fundamental growth is driven by 294 approved & filed 390 abbreviated new drug applications (ANDAs).

The market opened flat on July 23, 2020. 

The market opened flat on July 23, 2020, overall volumes in futures & options currently stand at 3,23,91,894 crore contracts with a turnover of Rs. 19,98,781.81 crore.

The market opened flat on July 23, 2020, overall volumes in futures & options currently stand at 3,23,91,894 crore contracts with a turnover of Rs. 19,98,781.81 crore.

On the liquidity front, the company’s working capital cycle has also been affected by rising inventory days from 79 in FY17 to 85 in FY18 and 91 in FY19. The company’s liquidity has been harshly affected due to lockdown measures. It has applied to the lenders for a moratorium as per the RBI package as well as to the bankers for enhancement in working capital limits.

The bulls on Dalal Street seem exhausted in the last trading session and as result Indian markets halted its five-day bull run.  As bulls managed to recoup some of the losses in the last leg of trade, the correction was not too acute. But the signs of exhaustion were clearly visible. The Nifty faced its real resistance around 11,200-11,230 levels.

The level of 11,050 is likely to act as an immediate support level. Any move below this level would open gates for further correction of a minimum 70-100 point. On the way down, the level of 10,863, which is 200-DMA, would act as major support. Stocks in news: Wipro, Future Consumer, Glenmark.

We have seen a lot of studies around the world dictating to invest in passive funds over active funds. Is it worth doing so? Let’s find out.

The board of directors of CRISIL has approved the payment of the second interim dividend for the financial year ending December 31, 2020, of Rs 6 per equity share of the face value of Re 1 each.

The consolidated net sales reported in Q1FY21 came in at Rs 21,259.97 crore, which declined by -28.26 per cent YoY from Rs 29,635.95 crore in Q1FY20. 

The consolidated net sales reported in Q1FY21 came in at Rs 662.7 crore, which increased by 6.33 per cent YoY from Rs 623.24 crore in Q1FY20.

The cable sector is expected to take cues from results as the core fundamentals may have taken hit during the lockdown. Companies such as Finolex Cables and Universal Cables have reported 20 per cent and 10 per cent decline in sales, respectively, for the fourth quarter of the previous fiscal.

The stock has also managed to close above the upper Bollinger band and started the band walk, which is a very bullish sign. Interestingly, the daily RSI has given downward sloping trendline breakout, which is also bullish.

Domestic benchmark indices end their gaining streak as Sensex closed in red at 37,871.52, down by 58.81 58.81 points or 0.16 per cent from its previous close while Nifty dropped by 29.65 points or 0.27 per cent to settle at 11,132.60.

Momentum in the share price can be expected to continue as the buyback is proposed at Rs 1,000 per equity share, which is at 22 per cent premium from its Tuesday closing price.

India’s leading integrated travel services company, Thomas Cook (India) Limited and its Group Company, SOTC Travel Ltd, have partnered with ICMR accredited medical centres pan India, becoming the first travel service providers to offer seamless, end-to-end COVID-negative certification services.

The shares of Majesco Limited were locked in at an upper circuit band of five per cent at Rs 421.20 for the second consecutive day on Wednesday.