The market opened in the green on July 9, 2020, overall volumes in futures & options currently stand at 3,27,73,159 crore contracts with a turnover of Rs. 19,45,370.49 crore.

As the gradual unlocking of India takes place, Phoenix Mills Ltd announced the opening of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

The international markets, which resumed its normal economic activity much earlier as compared to India, reported a decline of 20 per cent. India's business, on the other hand, fell as much as 36 per cent.

The price action formed a long upper shadow and a small real body, which closed near the bottom end of the trading range. Meanwhile, in Japanese, the candlestick parlance is known as the shooting star pattern. The shooting star’s long upper shadow reflects the market rejection of higher prices.

As bears paid a surprise visit on the D-Street in the last hour, sell-off triggered panic in the market. And finally, the unceasing gains in five back to back sessions halted. Having said that, Thursday morning looks promising for the bulls as suggested by SGX Nifty.

Keep a close watch on the level of 10,676 as a decisive move below this level would give further power to the bears! Stocks in news: Phoenix Mills Limited, ICICI Bank, SBI.

We all have heard of a passive investing strategy in equities. On similar lines, maturity roll down is a passive investment strategy in debt. Read on to find out more.

In the afternoon trading session on Wednesday, benchmark indices witnessed a sharp decline resulting from sudden selling in domestic markets. Sensex shed nearly 500 points from the day's high to close at 36,329.01 that is 345.51 points or 0.94 per cent lower than its previous close while Nifty fell by 93.90 points or by 0.87 per cent to close at the level of 10,705.75.

Lupin Pharmaceuticals Inc. is voluntarily recalling all batches of Metformin Hydrochloride extended-release tablets USP, 500 mg and 1,000 mg to the consumer level.

Larsen & Toubro Infotech has launched LTI Canvas, a modern software engineering platform that addresses the critical need for enabling work from anywhere.

Quartz Smart Solution is a digitally powered solution that enables banks and investment firms to extend secure cryptocurrency trading for their clients.

The scope of your financial planning does not limit only to your income, expenditure or making budgets.

Karur Vysya Bank (KVB) forms a strategic partnership with Bajaj Allianz Life to offer life insurance solutions to its customers. The insurer’s products will be available at the bank’s 780 branch offices, spread across India.

With a view to pump up expenditure and improve the investment climate in the country hit by COVID-19 pandemic, the government has asked public sector undertakings (PSUs) to become vehicles of growth and complete 50 per cent of their capital expenditure for FY21E before the end of Q2FY21

It has also received another order worth US$ 1,40,000 from the US and EU markets, which involves the supply of nearly 3,100 commercial vehicles (CV) wheels for the US and EU markets. This order win would drive the revenue as the company enjoys around 52 per cent market share in the medium and heavy commercial vehicle (M&HCV) segment.

The second and final tranche payment worth Rs 4,565 crore has been received from Groupe ADP.

The market opened in the green on July 8, 2020, overall volumes in futures & options currently stand at 2,44,48,575 crore contracts with a turnover of Rs. 14,59,493.48 crore.

The market opened in the green on July 8, 2020, overall volumes in futures & options currently stand at 2,44,48,575 crore contracts with a turnover of Rs. 14,59,493.48 crore.

The market opened in the green on July 8, 2020. 

In the early trading session on Wednesday, stock of Panache Digilife Limited soared by 10 per cent after the company announced that it had secured an order worth Rs 19 crore from a leading education company in India.

Birlasoft Limited has entered into a partnership with Innoveo for strengthening its domain and digital capabilities in order to rapidly deliver world-class solutions with Innoveo’s enterprise-level no-code platform.

On Tuesday, the stock has given a neckline breakout of double bottom formation, backed by strong volumes. Additionally, the stock formed a sizeable bullish candle on the breakout day, which adds strength to the breakout. 

The level of 10,680 is a crucial level for Nifty on the downside as a move below this level could lead to a further decline, towards the levels of 10,630. On the upside, immediate resistance is placed at 10,813 levels. Stocks in news: Reliance Industries, GMR Infrastructure, NBCC, Titan, BirlaSoft.

Indian key benchmark indices recorded one of the longest winning streaks in a month, ending higher for the fifth consecutive day. Having said that, sessions were volatile, but Banking, Financials and IT stocks helped it to stay buoyant.

The large-cap, mid-cap and small-cap universe defined by Securities and Exchange Board of India (SEBI) have seen many changes following the half-yearly review.

The fully-owned subsidiary of L&T Finance Holdings Ltd received its first tranche of US$ 50 million from AIIB.

Post a highly volatile morning trading session, Sensex was seen trading near its day's high during the afternoon session. On Tuesday, Nifty rose by 36 points or 0.33 per cent to settle at 10,799.65 while Sensex gained by 187.24 points or 0.51 per cent to close at 36,674.52.

Caplin Point Laboratories has an agreement for five generic injectable abbreviated new drug application (ANDAs) in the US, of which, the first product is expected to launch soon.

Automobile manufacturer, Maruti Suzuki informed the bourses on Tuesday of its tie-up with Axis Bank in a bid to offer easy financing options for potential car buyers.

Arbitrage funds tend to work better in volatile times. They are safe as compared to equity funds. So, should you bet on them? Let’s find out.

India Ratings and Research (Ind-Ra) on Monday released a report in which it expects the top 500 debt-heavy private sector borrowers turning delinquent due to COVID-19, would add nearly Rs 1.67 lakh crore additional debts during FY21-22E

The market opened in the green on July 7, 2020. 

During a con-call with its investors, Gurugram-based Apollo Tyres stated its decision to cut down capital expenditure by Rs 400 crore and its fixed costs by about 20 per cent in the current fiscal year amidst the challenging business environment due to the ongoing COVID-19 pandemic.

The market opened in the green on July 7, 2020, overall volumes in futures & options currently stand at 1,65,41,031 crore contracts with a turnover of Rs. 10,30,180.30 crore.

The market opened in the green on July 7, 2020, overall volumes in futures & options currently stand at 1,65,41,031 crore contracts with a turnover of Rs. 10,30,180.30 crore.

The shares of PNC Infratech have delivered a significant return of around 63 per cent on BSE in the last three months. The company’s order book as on March 31, 2020 stood at Rs 8,629 crore.

Taking measures to enhance the company's liquidity, the board of directors has authorised a rights issue of Rs 300 crore. The company has set the price for the rights issue at Rs 784 per share (almost at 25 per cent discount from its previous close of Rs 1,043.40), which includes a premium of Rs 774 per share, over the face value of Rs 10 per share.

For the day, the gap area of July 6 (10,631-10,695) is likely to act as strong support and on the upside, 10,820-10,880 is likely to act as a resistance. Stocks in news: Greaves Cotton, Bharti Airtel, MFSL, Mannapuram Finance.

Bull run that continued for the last four trading session could take a break as Indian markets are likely to open on a flat to negative note. This was indicated by the early trend on the SGX Nifty.

There are various ways to select mutual funds and Ulcer Performance Index (UPI) is one of them. Read on to find out more.

Continuing gains for the fourth consecutive trading session, domestic benchmark indices closed with Sensex at 36,487.28 that is 456.86 points or 1.29 per cent higher than its previous close while Nifty rose by 156.30 points or 1.47 per cent to close at 10,763.65.

The board of directors of eClerx Services Ltd at its meeting held on July 6, 2020, approved the buyback of the company's equity shares for an aggregate amount not exceeding Rs 109.5 crore

Power Mech Projects’ order book as of December 31, 2019 stood at Rs 5,777 crore, which translates into order book to sales ratio of 2.55x that provides medium to long-term revenue visibility.

The order is worth over US$ 1 million, which is to be executed in the month of August from its Chennai plant. This is the largest order from a single customer for the month.

The two new Bharat Bond ETF series will have maturities of April 2025 and April 2031.

CRISIL has reaffirmed its ‘CRISIL AAA/stable/CRISIL A1+’ ratings on the bank facilities of Titan Company Limited (Titan) and withdrew its rating on the commercial paper on the receipt of request from the company. The withdrawal of rating is in line with CRISIL's withdrawal policy.

The market opened in the green on July 6, 2020, overall volumes in futures & options currently stand at 1.31 crore contracts with a turnover of Rs. 7,92,884.44 crore.

The market opened in the green on July 6, 2020, overall volumes in futures & options currently stand at 1.31 crore contracts with a turnover of Rs. 7,92,884.44 crore.

The company will be conducting a Phase 2b, multicenter, open-label, randomised, comparator-controlled study to assess the effectiveness and safety of Desidustat tablet for the management of COVID-19 patients. 

In its 2019-20 annual report, Bengaluru-based Biocon Limited stated that it aims to list its biosimilar unit Biocon Biologics in the next two to three years, subject to market conditions.

The market opened in the green on July 6, 2020. The previous trading session witnessed the Sensex going up by 412.84 points to end at 36,434.26 and the Nifty was up 136.35 points to close at 10,743.70.

Kalpataru Power Transmission Limited (KPTL) has signed definitive agreements with Adani Transmission Limited to sell its wholly-owned subsidiary named Alipurduar Transmission Limited (ATL) for a total enterprise value (EV) of about Rs 1,286 crore.

Currently, India imports over 60 per cent of its APIs consumption from China and other countries, which opens up significant opportunities for Indian API manufacturers like Aarti Drugs. The company has geared up its API production by nearly 44 per cent to 25,591 MT in FY20.

All-in-all, Bank Nifty at present, is trading in the range of 22,500-20,900. A move above or below this level, could give the traders an opportunity to take a directional bet or else, buy on support and sell on the resistance is the best strategy for traders in this environment.

With the sideways price action, Bollinger Band has narrowed substantially and the stock is likely to give a consolidation breakout in the coming days.

Indian frontline equity indices ended the last week with a considerable gain. It helped equity bellwether index like Sensex and Nifty to close above their important psychological level of 36,000 and 10,600. This gain was achieved on the back of the positive global cues.

In the coming trading session, important support is placed at 10,562 and resistance will be seen around 10,631, followed by 10,751. Stocks in news: HDFC Bank, Astrazeneca, IFB Agro Industries, NLC India.

Annuities are popular among people seeking regular income. There are various types of annuities. We shall discuss the same in this article.

Stamp duty is now applicable to mutual funds, with effect from July 01, 2020. What does it mean to mutual fund investors? We shall find it out in this article.

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

Interestingly, the relative strength index (RSI), which is a momentum indicator in the daily timeframe, turned up from the 60-mark and in the bullish trend, we have seen that the RSI does not move below the 60-mark.

The stock of Siemens Limited has given a symmetrical triangle breakout on the daily timeframe. This breakout was confirmed by the above 50-day average volume.

Granules Pharmaceuticals, Inc., (Chantilly, Virginia), which is a wholly-owned subsidiary of Granules India Limited, has voluntarily recalled 12 lots of Metformin Hydrochloride extended-release tablets USP, 750 mg, 100 and 500 count bottles within expiry to the consumer level due to the detection of N-Nitrosodimethylamine (NDMA) levels above the acceptable daily intake (ADI).

Equitas Small Finance Bank Limited launched a video KYC account on Friday. It is a web application designed to conduct a remote verification process through a video call.

The average utilisation capacity dropped to 76 per cent in the month of June due to a drop in production at Vijaynagar Works as certain employees were tested positive for COVID-19. 

RBI has recently launched the Floating Rate Savings Bond 2020. In this article, we shall be discussing its concept in detail, which would further enable you to decide, whether it’s worth investing in it or not.

Moreover, prospective growth triggers are likely for its agrochemical business. Various factors are at play for this such as the storage levels in water reservoirs across the country, a hike in minimum support price (MSP) of key Kharif crops and an anticipated strong monsoon spread.

Today's trading session ended with Sensex closing in green, up by 177.72 points or 0.50 per cent at 36,021.42 while Nifty gained by 55.65 points or 0.53 per cent to settle at the level of 10,607.35.

This investment confirms commitment to Affle 2.0 growth strategy and in developing sustainable market leadership. 

Knowing your budget busters  can help you to save your hard-earned money for something that is more important.

With a total capacity of nearly 3 million wheels, the company looks at the volume growth as its way ahead to meet the plant's commitment in FY21.

According to its 2019-20 annual report, HDFC Limited has plans to secure up to Rs 1.25 lakh crore by issuing debt securities via various modes.

In the latest big-ticket investment in the digital unit of Reliance Industries Limited (RIL), Intel Capital, the investment arm of Intel Corporation will invest Rs 1,894.5 crore in Jio Platforms, joining the list of marquee firms, who have recently invested in RIL’s digital unit.

The vaccine candidate ZyCov-D has been developed originally at the company’s research centre-Vaccine Technology Centre (VTC) in Ahmedabad, India. The vaccine when tested on animals brings out a strong immune response in multiple animal species like mice, rats, guinea pigs and rabbits. 

On a month-on-month basis, the improvement in sales was witnessed by the company. In June 2020, it generated 80 per cent of its planned average monthly sales, which was 60 per cent in May and as low as 45 per cent in April 2020.

As far as capex spends are concerned, it envisages spending nearly Rs 1,500 crore in FY21. The total expenditure will see an equal split of small molecules and the biosimilars.

The retail growth fizzles out the overall growth in bank credit. What does it hint? Let’s find out.

The level of 10,600 would act as immediate resistance and on the downside, the level of 10,480 followed by 10,400, are likely to act as an important support zone. Stocks in news: PTC India Financial Services, Reliance Industries, Cadila Healthcare, JB Chemicals & Pharmaceuticals, Motherson Sumi, Hindustan Unilever.

In the previous trading session, Nifty and Sensex ascended to the highest level in four months, where Nifty contentedly settled above its psychological level of 10,500. Auto stocks contributed largely to the rally as the monthly figures showed some optimistic trend, especially in two-wheelers and tractors segment.

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

Kolkata-based infrastructure company, GPT Infraprojects announced after trading hours on Thursday that it has received an order worth Rs 102.80 crore from National Highways & Infrastructure Development Corporation Limited (NHIDCL).

The shares of Steel Strips Wheels Limited (SSWL) slipped by 1.32 per cent on Thursday after the company reported its monthly sales numbers for the month of June.

Their partnership will be of great help especially in the current COVID-19 situations, where enterprises are looking to reorganise cash flows.

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The company's production capacity of IPA is already among the highest in the industry. With an installed capacity of 70,000 MTPA, it dominates the industry with a 75 per cent market share in IPA manufacturing.

Following gains in auto and IT stocks, domestic benchmark indices ended today's trading session on a positive note with Sensex gaining by 429.25 points or 1.21 per cent to close at 35,843.70 levels while Nifty increased by 121.65 points or 1.17 per cent to settle at 10,551.70.

Overall, with one segment having an adverse forecast and exposure to the commercial vehicle class (38 per cent of total revenues), the outlook is still looking grim for the company. The stock is already trading at its multi-year low.

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

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

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