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.

The consolidated net sales reported in Q1FY21 came in at Rs 9,278.77 crore, which declined by 6.7 per cent YoY from Rs 9,945.56 crore in Q1FY20. 

Interestingly though, the company is yet to report its Q4FY20 as well as FY20 financial numbers. The company notified about its board meeting cancellation via an exchange filing made on June 25, 2020.

The shares of Unichem Laboratories surged almost 3 per cent from its day’s low on Wednesday after the company announced that it has received abbreviated new drug application (ANDA) approval from United States Food and Drug Administration (USFDA) to market its Amiodarone tablets, USP, 200 mg.

The consolidated net sales reported in Q1FY21 came in at Rs 10,731 crore, which increased by 3.54 per cent YoY from Rs 10,364 crore in Q1FY20. 

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

Shares of Mahindra & Mahindra Financial Services were up by 14 per cent in the early trading session on Wednesday after the stock went ex-rights today.

In addition to this, the bank also reported advances growth of 13 per cent on YoY basis. The advances in the balance sheet of the bank show the total amount of credit it has till the accounting date.

The market opened in the red on July 22, 2020. 

The market opened in the red on July 22, 2020, overall volumes in futures & options currently stand at 2,07,57,764 crore contracts with a turnover of Rs. 13,17,023.27 crore.

The market opened in the red on July 22, 2020, overall volumes in futures & options currently stand at 2,07,57,764 crore contracts with a turnover of Rs. 13,17,023.27 crore.

The consolidated net sales reported in Q1FY21 came in at Rs 421.6 crore, which increased by 0.17 per cent YoY from Rs 420.9 crore in Q1FY20. 

From the low of March 2020, the equity markets are up by more than 50 per cent.  Read on to find how the mutual fund schemes have performed in the same duration.

CG Power & Industrial Solutions Limited informed the bourses that the divestment process of its subsidiary, CG Service Systems France SAS (SEFR) has been completed on July 20, 2020, and with this, SEFR ceased to be a step-down subsidiary of the company.

Looking at the revenue aspect, this project is likely to generate revenue to the tune of around Rs 5,000 crore over the next five to seven years. Going ahead, this would result in further strengthening the cash flow and the balance sheet of the company.

The company has a few other foreign subsidiaries, which have reported losses in FY19. Bharat Forge Global Holding GmbH, Bharat Forge Kilsta AB, Mécanique Générale Langroise, and Bharat Forge PMT Technologie LLC have contributed to consolidated losses of the company.

Since registering a low on July 16, the bulls on Dalal Street are driving the markets higher as they have rallied close to 5 per cent. The early trend in SGX Nifty suggests that markets are on the verge for another positive opening.

The level of 11,180 is likely to act as immediate resistance and any move above this would result in a breakout of the channel. If Nifty sustains above this level, it may test the levels of 11,350-11,400 in the near term. Stocks in news: Sunteck Realty, BEML, Wipro, Info Edge.

BEML Limited informed the bourses on Tuesday that it has secured an order worth Rs 557 crore.  The acquisition wing of Ministry of Defence (MoD) has signed a contract with BEML for the procurement of 1,512 mine plough (MP) for tank T-90 S/SK

On Tuesday, the stock has formed ‘opening bullish Marubozu candle’, which indicates an extreme bullishness. Further, since the last two trading sessions, the volume is above the 50-day average, which is a sign of accumulation. The 14-period RSI on the daily timeframe has given a positive crossover and it is in bullish territory.

Continuing on Tuesday, bulls were witnessed maintaining their dominance over domestic benchmark indices as Sensex gained by 511.34 points or 1.37 per cent to close at 37,930.33 while Nifty rose by 140.05 points or 1.27 per cent to close at 11,162.25.

The debt-to-GDP ratio is attributable to the falling growth if it increases over four per cent. As a result of which, we would witness a contraction in the gross domestic product (GDP). Read on to find out more.

Tata Communications informed the exchanges on Tuesday that it has secured Type B licence in Kingdom of Saudi Arabia (KSA)

Jubilant Life Sciences announced that the company has received approval from Drug Controller General of India (DCGI) for manufacturing and marketing investigational antiviral drug Remdesivir for 100 mg/vial (lyophilized injection).

Since May 2020, it has witnessed a trend of the new order as the ports are now operational with the ease of the lockdown, worldwide. The quantity, however, still remains lower. Its order book as of the end of FY20 is at Rs 210 crore.

Info Edge (India) Limited informed the bourses on Tuesday that it has entered into an agreement through its wholly-owned subsidiary to invest up to Rs 10.6 crore in Bizcrum Infotech Private Limited.

Elgi Equipments on Tuesday informed the bourses that it has signed a memorandum of understanding (MoU) with Government of Tamil Nadu on July 20, 2020

The market opened in the green on July 21, 2020.