WTI Crude prices hold up above USD 30 per barrel WTI Crude prices hold up above USD 30 per barrel DSIJ Intelligence / Thursday, June 18, 2020 0 477 Article rating: 5.0 Succeeding the previous sharp decline in WTI Crude prices in recent times, the price level is presently being maintained above USD 30 per barrel. This is positive news to drillers who have decided to restart production regardless of the decline in demand. Read more
RBI regulates new directives for Housing Finance Company RBI regulates new directives for Housing Finance Company DSIJ Intelligence / Thursday, June 18, 2020 0 4183 Article rating: 3.5 RBI has suggested stringent norms for housing companies by mandating 75 per cent of their home loans to individual borrowers and 50 per cent of assets as their housing loans by March 2024. Read more
TCS partners with IBM for enterprise transformation TCS partners with IBM for enterprise transformation DSIJ Intelligence / Thursday, June 18, 2020 0 1641 Article rating: 3.8 Information technology giant, Tata Consultancy Services announced on Thursday that it is partnering with IBM and expanding their global alliance in a bid to help clients accelerate their digital and cognitive enterprise transformations to IBM public cloud. Read more
Reviews Reviews Ninad Ramdasi / Thursday, June 18, 2020 0 1014 Article rating: No rating In this edition, we have reviewed HUDCO and Bata India. We suggest our reader-investors to HOLD in HUDCO and Bata India Read more
Sensex gains by 2 per cent; Bajaj Finance rallies by over 5 per cent Sensex gains by 2 per cent; Bajaj Finance rallies by over 5 per cent DSIJ Intelligence / Thursday, June 18, 2020 0 933 Article rating: 4.5 Sustained by financial heavyweights, Nifty rose by 216.20 points or 2.19 per cent to reach the level of 10,097.35 while Sensex ended today’s trading session at 34,208.05, up by 700.13 points or 2.09 per cent. Read more
Technical Portfolio Guide Technical Portfolio Guide Ninad Ramdasi / Thursday, June 18, 2020 0 189 Article rating: No rating Subscribers can ask their queries regarding stocks they hold and get our expert guidance. Read more
Sentiment Indicators Sentiment Indicators Ninad Ramdasi / Thursday, June 18, 2020 0 188 Article rating: No rating Sentiment Indicators. Read more
Technical Analysis Technical Analysis Ninad Ramdasi / Thursday, June 18, 2020 0 66 Article rating: No rating Technical Analysis of 1 Stock (with 15 days horizon). Read more
Review Review Ninad Ramdasi / Thursday, June 18, 2020 0 212 Article rating: No rating Review on 1 stocks recommended in past. Read more
Fundamental Analysis Fundamental Analysis Ninad Ramdasi / Thursday, June 18, 2020 0 138 Article rating: No rating Fundamental Analysis of 1 Stocks (with 180 days horizon). Read more
Street Talk Street Talk Ninad Ramdasi / Thursday, June 18, 2020 0 95 Article rating: No rating 1 stock recommendation based on Street Talk (with 7 days horizon). Read more
Mark of 9,700 Acts Crucial for Nifty! Mark of 9,700 Acts Crucial for Nifty! Ninad Ramdasi / Thursday, June 18, 2020 0 133 Article rating: No rating Editor's views on the capital markets, stock reviews and word on Dalal Street. Read more
Coal mining auction helps Coal India gain 6 per cent intraday Coal mining auction helps Coal India gain 6 per cent intraday Pratik Shastri / Thursday, June 18, 2020 0 1012 Article rating: 4.7 The official statement of the company further stated that such efforts would support its 1 billion tonne coal production target for FY23-FY24. Read more
MF Data Bank MF Data Bank Ninad Ramdasi / Thursday, June 18, 2020 0 1061 Article rating: No rating Databank of top-ranked equity funds based on DSIJ's proprietary research methodology. Read more
Fund of Fortnight Fund of Fortnight Ninad Ramdasi / Thursday, June 18, 2020 0 790 Article rating: No rating 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. Read more
Kerbside Kerbside Ninad Ramdasi / Thursday, June 18, 2020 0 944 Article rating: No rating 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 Read more
Investment is not core but just part of financial life. Know why! Investment is not core but just part of financial life. Know why! DSIJ Intelligence / Thursday, June 18, 2020 0 718 Article rating: 3.9 If you are too concerned about your investment, you may lose other important aspects of your financial life. Read more
Fitch Ratings revises India outlook to negative; affirm rating at BBB- Fitch Ratings revises India outlook to negative; affirm rating at BBB- Amir Shaikh / Thursday, June 18, 2020 0 797 Article rating: 2.5 Fitch Ratings Inc today has revised its outlook on India's long-term foreign-currency issuer default rating (IDR) to negative from stable and affirmed the rating at 'BBB-'. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Thursday, June 18, 2020 0 1123 Article rating: 4.3 The market opened in the red on June 18, 2020. The previous trading session witnessed the Sensex going down 97.30 points to end at 33,507.92 and the Nifty was down 32.85 points to close at 9,881.15 . Read more
Ten stocks close to their 52-week low Ten stocks close to their 52-week low DSIJ Intelligence / Thursday, June 18, 2020 0 1526 Article rating: 3.6 The market opened in the red on June 18, 2020. The previous trading session witnessed the Sensex going down 97.30 points to end at 33,507.92 and the Nifty was down 32.85 points to close at 9,881.15 . Read more
BEML flags off last train for Kolkata Metro (East-West) project BEML flags off last train for Kolkata Metro (East-West) project DSIJ Intelligence / Thursday, June 18, 2020 0 1281 Article rating: 4.0 BEML Limited, a premier manufacturer of metro cars in India as well as Schedule A company under Ministry of Defence, has flagged off last train set for Kolkata Metro (East-West) project from its metro coach factory at Bangalore Complex. Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Thursday, June 18, 2020 0 1793 Article rating: 4.0 The market opened in the red on June 18, 2020, overall volumes in futures & options currently stand at 3.05 crore contracts with a turnover of Rs. 16,68,054.66 crore. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Thursday, June 18, 2020 0 859 Article rating: 4.0 The market opened in the red on June 18, 2020, overall volumes in futures & options currently stand at 3.05 crore contracts with a turnover of Rs. 16,68,054.66 crore. Read more
NTPC commercializes Unit 1 of 150 MW of Kameng hydroelectric project NTPC commercializes Unit 1 of 150 MW of Kameng hydroelectric project Apurva Joshi / Thursday, June 18, 2020 0 1441 Article rating: 5.0 North Eastern Electric Power Corporation Limited (NEEPCO), wholly-owned subsidiary of NTPC Limited, has been working on a hydroelectric project (4x150 MW) at Kameng, Arunchal Pradesh. It has commenced the commercial operation of Unit 1 of 150 MW of this project on June 17, 2020. Read more
Query Board Query Board Ninad Ramdasi / Thursday, June 18, 2020 0 1256 Article rating: No rating This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team. Read more
Q4 2020 : Hits & Misses! Q4 2020 : Hits & Misses! Ninad Ramdasi / Thursday, June 18, 2020 0 1390 Article rating: No rating The period of Q4 2020 is considered by many as crucial because it can give us a glimpse of what lies ahead of us in the next quarter. However, this time around the last week of March, which is supposed to be the best week for business for many companies, was lost in lockdown, thus impacting the overall results. Yogesh Supekar analyses the Q4 results while Geeyatee Deshpande highlights the positive results and the ones that were below the estimates Read more
Data Bank & Dividend Data Bank & Dividend Ninad Ramdasi / Thursday, June 18, 2020 0 644 Article rating: No rating Data Bank Read more
MF QueryBoard MF QueryBoard Ninad Ramdasi / Thursday, June 18, 2020 0 840 Article rating: No rating 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. Read more
Buying The Right Health Insurance Cover Buying The Right Health Insurance Cover Ninad Ramdasi / Thursday, June 18, 2020 0 694 Article rating: No rating With the human race now susceptible to an extraordinary wide range of ailments and the fact that healthcare-related expenditure could wipe out your entire life-savings, it is of paramount need to opt for a health insurance policy. But from the surfeit of various policies, each with its own fine print, which is the one that you should opt for? The following article provides some tips. Read more
Trackpad Trackpad Ninad Ramdasi / Thursday, June 18, 2020 0 1044 Article rating: No rating According to the announcement made by Igarashi Motors India Limited, its manufacturing units and corporate office at Chennai will be closed Read more
Reading A Fund Factsheet Reading A Fund Factsheet Ninad Ramdasi / Thursday, June 18, 2020 0 1093 Article rating: No rating Prior to investing in any mutual fund, an investor must necessarily go through the details provided in its factsheet. Here are some guidelines about what to look out for Read more
Commodity Stocks: The Potential, Perks And Profit Commodity Stocks: The Potential, Perks And Profit Ninad Ramdasi / Thursday, June 18, 2020 0 862 Article rating: No rating Even as commodity prices gain, investors are beginning to get clueless as to how to benefit from such a jump. Read more
Befriend Market Volatility With Balanced Advantage Funds Befriend Market Volatility With Balanced Advantage Funds Ninad Ramdasi / Thursday, June 18, 2020 0 918 Article rating: No rating It is often said that change is the only constant in this world. And as proof one can see that the global dynamics have been rapidly changing amidst the fears of a widespread outbreak of the corona virus. Read more
The Art Of Investing Judiciously The Art Of Investing Judiciously Ninad Ramdasi / Thursday, June 18, 2020 0 422 Article rating: No rating Investing money judiciously enhances your chances of achieving different investment goals over various time horizons. Although there is a plethora of investment options that can help you realise your financial dreams, you must make the right choices and follow a disciplined investment process. To get this process right, you need to follow certain investing principles. Here are a few that can make you a better investor. Read more
PSU Stocks: Deep Value Or Value Trap? PSU Stocks: Deep Value Or Value Trap? Ninad Ramdasi / Thursday, June 18, 2020 0 1553 Article rating: No rating There is a general feeling among investors that PSU stocks make for a safe bet during economic downturns due to the high dividend yield they provide. However, after years of underperformance, do these stocks still hold the promise of good returns? Join Anthony Fernandes as he looks at what is in store for this largely beaten down segment. Read more
ESCORTS: Maintaining Good Growth Momentum ESCORTS: Maintaining Good Growth Momentum Ninad Ramdasi / Thursday, June 18, 2020 0 1757 Article rating: No rating With its various divisions that cater to a wide range of products right from tractors to construction equipment to railway equipment, Escorts Limited has maintained steady equilibrium except for the impact of the virus pandemic Read more
Multi-Asset Funds Multi-Asset Funds Ninad Ramdasi / Thursday, June 18, 2020 0 772 Article rating: No rating You cover story titled ‘Multi-Asset Funds: Better Investment Experience’ was indeed helpful in understanding the category. However, does it make sense to have a portfolio of equity, debt and gold and would it benefit in terms of taxation and costs? Read more
The Art Of Portfolio Management The Art Of Portfolio Management Ninad Ramdasi / Thursday, June 18, 2020 0 690 Article rating: No rating It’s not enough to simply invest. As an investor, you will not be able to make the right gains and cut back on losses or achieve your financial goals unless and until you monitor your portfolio regularly and learn the tricks of rebalancing it to stay on top of the game . Read more
NIFTY Index Chart Analysis NIFTY Index Chart Analysis RULED BY THE FEAR FACTOR Ninad Ramdasi / Thursday, June 18, 2020 0 839 Article rating: No rating A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon. Read more
Protect Your Wealth Protect Your Wealth Ninad Ramdasi / Thursday, June 18, 2020 0 478 Article rating: No rating The equity market around the world has now accepted the fact that the pandemic is still around and there is a serious threat of a second wave of the virus outbreaks. This has made it nervous and it finds itself on slippery ground anew. Read more
Recommendation From Pesticides & General Insurance Sector Recommendation From Pesticides & General Insurance Sector Ninad Ramdasi / Thursday, June 18, 2020 0 1654 Article rating: No rating 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 recommendation Read more
Stocks experiencing selling pressure in May 2020 Stocks experiencing selling pressure in May 2020 DSIJ Intelligence / Thursday, June 18, 2020 0 821 Article rating: 5.0 As every coin has a flip side, the mutual funds are no different in that sense. The fund managers not only buy but also sell. It becomes equally important to know what they are selling. So, let’s read more about them. Read more
Stocks attracting fund managers in May 2020 Stocks attracting fund managers in May 2020 DSIJ Intelligence / Thursday, June 18, 2020 0 1659 Article rating: 4.7 Everyone is eager to know what the mutual fund managers bought and sold but mostly, keen to know what they actually bought. So, let’s know more about the stocks that attracted fund managers in May 2020. Read more
Markets to witness a gap-down opening Markets to witness a gap-down opening DSIJ Intelligence-3 / Thursday, June 18, 2020 0 837 Article rating: 4.5 On back of negative cues from Asian peers, Indian markets are likely to open sharply lower today. At 7:48 AM, SGX Nifty was down by 84.50 points at 9,780 levels. It would be interesting to see whether the dip would be bought or not? In the recent days, weakness has been bought and the level of 9,720 has proved to be a strong support for the index. Read more
Recommendation from Aluminium Sector Recommendation from Aluminium Sector Ninad Ramdasi / Thursday, June 18, 2020 0 1288 Article rating: No rating 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. Read more
Index trend and stocks in action on June 18, 2020 Index trend and stocks in action on June 18, 2020 DSIJ Intelligence-3 / Thursday, June 18, 2020 0 1335 Article rating: 4.5 Nifty is set for an eventful weekly expiry and the 20-DMA on the downside is likely to act as a support for the index. Stocks in news: BEML, UPL, Karnataka Bank. Read more
Recommendation from Chemicals Sector Recommendation from Chemicals Sector Ninad Ramdasi / Thursday, June 18, 2020 0 1665 Article rating: No rating 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. Read more
Markets Go Through Another Shakedown Markets Go Through Another Shakedown Ninad Ramdasi / Thursday, June 18, 2020 0 1224 Article rating: No rating The US Federal Reserve launched its much-awaited Main Street Lending program to help the economy to cope with the strains caused by the pandemic offering up to USD 600 billion in loans. Read more
FII Buying List FII Buying List Ninad Ramdasi / Thursday, June 18, 2020 0 881 Article rating: No rating I am most appreciative of the recent issue of DSIJ discussing the role that FIIs play in the market and how an investor must work out a strategy to work FII buying to his advantage. Read more
Risk-Reward To Be In Favour Of The Investor Risk-Reward To Be In Favour Of The Investor Ninad Ramdasi / Thursday, June 18, 2020 0 984 Article rating: No rating The virus pandemic, amongst many other things, has definitely created two extreme schools of thought about the direction of the market. Each thought is supported by strong conviction and belief. Read more
Maruti Suzuki partners with Karur Vysya Bank for attractive financial schemes Maruti Suzuki partners with Karur Vysya Bank for attractive financial schemes DSIJ Intelligence / Wednesday, June 17, 2020 0 936 Article rating: 5.0 Given the current situation of COVID-19 pandemic, EMI will ease the stress on the customers by proving financial solution. Easy availability of finance and cost effective scheme for consumer convenience is an important part of this partnership. Read more
Praj Industries inks deal to co-develop lactic acid yeast technology Praj Industries inks deal to co-develop lactic acid yeast technology DSIJ Intelligence / Wednesday, June 17, 2020 0 1706 Article rating: 4.4 The shares of Praj Industries were trading in green on Wednesday after the company announced that it has signed a memorandum of understanding (MoU) to co-develop Lygos’ proprietary yeast for the production of lactic acid. Read more
Are fund managers expecting more volatility? Are fund managers expecting more volatility? DSIJ Intelligence / Wednesday, June 17, 2020 0 992 Article rating: 5.0 The cash level of equity Mutual Fund (MF) schemes has increased. Does it mean that fund managers are expecting the market to fall going ahead? Read more
NFO analysis: BOI AXA Multi-Cap Fund NFO analysis: BOI AXA Multi-Cap Fund DSIJ Intelligence / Wednesday, June 17, 2020 0 1898 Article rating: 3.9 Multi-cap fund is considered to be a diversified equity fund. BOI AXA has launched BOI AXA Multi-Cap Fund. Read on to find out whether you should subscribe to it or not. Read more
Sensex down by nearly 100 points; RIL-owned businesses rally Sensex down by nearly 100 points; RIL-owned businesses rally DSIJ Intelligence / Wednesday, June 17, 2020 0 981 Article rating: 4.2 Shifting between gains and losses during today's trading session, domestic benchmark index Nifty fell by 32.85 points or 0.33 per cent to settle at 9,881.15 while Sensex closed down by 97.30 points or 0.29 per cent at 33,507.92 as investors remained cautious with the escalation in tensions over the India-China border. Read more
Everest Group names TCS as leader and star performer in IoT services Everest Group names TCS as leader and star performer in IoT services DSIJ Intelligence / Wednesday, June 17, 2020 0 1264 Article rating: 5.0 Tata Consultancy Services (TCS) has been named a leader in Everest Group-PEAK Matrix® for IoT services for the second consecutive year. In addition to this, it was also named a star performer for top quartile year-on-year improvement in its scores. Read more
Thomas Cook launches ‘Live it up holidays Thomas Cook launches ‘Live it up holidays DSIJ Intelligence / Wednesday, June 17, 2020 0 1183 Article rating: 4.5 The ‘Live it up’ holiday package along with the inclusion of ‘Thomas Cook assured programme’ collectively provides safe travel in COVID-19 period in partnership with Apollo Clinics, a member of Apollo Hospitals Group. Read more
Breakthrough drug Dexamethasone effective in treating COVID-19 symptoms Breakthrough drug Dexamethasone effective in treating COVID-19 symptoms Amir Shaikh / Wednesday, June 17, 2020 0 1536 Article rating: 4.0 In the midst of times where the whole world is struggling to cope with the aftermath of COVID-19 pandemic, there has been a major breakthrough wherein Dexamethasone a generic low cost corticosteroid used to treat auto-immune disorders has been effective in treating COVID-19 patients Read more
HDFC AMC promoter, Standard Life Investments to divest its stake HDFC AMC promoter, Standard Life Investments to divest its stake Amir Shaikh / Wednesday, June 17, 2020 0 1022 Article rating: 4.3 HDFC Asset Management Company on Tuesday informed the bourses that one of its promoter-Standard Life Investments Limited proposes to sell up to 60,00,000 equity shares, which represent nearly 2.82 per cent of the total issued and paid-up equity share capital of the company Read more
Igarashi Motors closes units temporarily due to lockdown in Chennai Igarashi Motors closes units temporarily due to lockdown in Chennai Apurva Joshi / Wednesday, June 17, 2020 0 1881 Article rating: 3.2 According to the announcement made by Igarashi Motors India Limited, its manufacturing units and corporate office at Chennai will be closed from June 19, 2020 to June 30, 2020 as Government of Tamil Nadu has imposed a complete lockdown in Chennai and its adjoining districts in light of a sudden rise in COVID-19 cases in the state and especially in Chennai. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Wednesday, June 17, 2020 0 1299 Article rating: 4.3 The market opened in the red on June 17, 2020. The previous trading session witnessed the Sensex going up by 376.42 points to end at 33,605.22 and the Nifty was up 100.30 points to close at 9,914 . Read more
Ten stocks close to their 52-week low Ten stocks close to their 52-week low DSIJ Intelligence / Wednesday, June 17, 2020 0 1929 Article rating: 4.0 The market opened in the red on June 17, 2020. The previous trading session witnessed the Sensex going up by 376.42 points to end at 33,605.22 and the Nifty was up 100.30 points to close at 9,914 . Read more
Steel Strips Wheels Ltd gains on order win from USA Steel Strips Wheels Ltd gains on order win from USA Nidhi Jani / Wednesday, June 17, 2020 0 1575 Article rating: 4.3 The order, which involves the supply of nearly 10,000 truck wheels for USA truck trailer markets, is planned to be executed between June and September from its Chennai plant. The said order is likely to generate a revenue of around US$ 4,00,000. Read more
Disbursement of Rs 16,031 crore loan to MSME under ECLGS Disbursement of Rs 16,031 crore loan to MSME under ECLGS Amir Shaikh / Wednesday, June 17, 2020 0 1783 Article rating: 3.5 In order to extend financial support to micro, small and medium enterprises (MSME) in the wake of COVID-19, the government had announced Rs 3 lakh crore under Emergency Credit Line Guarantee Scheme (ECLGS) Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Wednesday, June 17, 2020 0 1691 Article rating: 3.7 The market opened in the red on June 17, 2020, overall volumes in futures & options currently stand at 2.99 crore contracts with a turnover of Rs. 16,92,243.64 crore. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Wednesday, June 17, 2020 0 973 Article rating: 4.6 The market opened in the red on June 17, 2020, overall volumes in futures & options currently stand at 2.99 crore contracts with a turnover of Rs. 16,92,243.64 crore. Read more
Genus Power faces low energy demand due to COVID-19 Genus Power faces low energy demand due to COVID-19 Apurva Joshi / Wednesday, June 17, 2020 0 1807 Article rating: 3.3 Genus Power Infrastructures Limited, which is a leading manufacturer of smart metering solutions with an installation base of 48 million electricity meters across the world, has stated the impact of COVID-19 pandemic on its business operations. Read more
LTI introduces return-to-work app to ensure employee safety LTI introduces return-to-work app to ensure employee safety DSIJ Intelligence / Wednesday, June 17, 2020 0 1137 Article rating: 2.8 Larsen and Toubro Infotech has introduced LTI SafeRadius, a general data protection regulation (GDPR)-compliant return-to-work app to ensure workforce well-being as well as to enhance operational efficiency as employees return to work in a phased manner across industries. Read more
Wipro Gallagher collaborates with DocMagic to enhance digital mortgage processes Wipro Gallagher collaborates with DocMagic to enhance digital mortgage processes DSIJ Intelligence / Wednesday, June 17, 2020 0 1269 Article rating: 3.3 Wipro Gallagher Solutions (WGS), a leading provider of loan origination software solutions and a part of Wipro Limited, announced on Monday that it was joining hands with DocMagic, a provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services in a partnership, which will enable the company to advance its digital mortgage process. Read more
Things to do when market crash-like situation emerges Things to do when market crash-like situation emerges DSIJ Intelligence / Wednesday, June 17, 2020 0 834 Article rating: 2.5 Market run in cycles and when it crashes, people, like in any other situation, run to press the panic button. Therefore, in this article, we shall discuss things to do when the market crashes. Read more
D-Street likely to open on a weak note D-Street likely to open on a weak note DSIJ Intelligence-3 / Wednesday, June 17, 2020 0 749 Article rating: 5.0 Today Indian markets are likely to have a weak start, due to mixed cues from Asian peers. At 7:55 am, SGX Nifty was trading down by 58.50 points at 9,846.50 levels. In the last couple of trading sessions, markets have been experiencing high volatility and even today’s session is expected to be volatile. Read more
Thematic Funds: Should you bet on them? Thematic Funds: Should you bet on them? DSIJ Intelligence / Wednesday, June 17, 2020 0 1587 Article rating: 5.0 Thematic funds are often confused with sector funds. However, they are quite different from each other. So, what are thematic funds and should you bet on them? Let's find out. Read more
Index trend and stocks in action on June 17, 2020 Index trend and stocks in action on June 17, 2020 DSIJ Intelligence-3 / Wednesday, June 17, 2020 0 784 Article rating: 5.0 On the lower timeframe, Nifty is moving in a rising channel and now going ahead the level of 9,740, followed by 9,674, it’s likely to act as a strong support for the index. Stocks in news: HDFC Asset Management Company, Wipro,HCL Technologies. Read more
Steel Strips Wheels Ltd climbs by more than 1 per cent on new orders Steel Strips Wheels Ltd climbs by more than 1 per cent on new orders DSIJ Intelligence / Tuesday, June 16, 2020 0 1380 Article rating: 2.0 Steel Strips Wheels Limited (SSWL) has received new export orders for over 36,000 wheels for European Union (EU) caravan and truck trailer market. Read more
Eastern Treads Ltd partially resumes its operations Eastern Treads Ltd partially resumes its operations DSIJ Intelligence / Tuesday, June 16, 2020 0 1997 Article rating: 4.0 The company informed that its manufacturing plants in Oonnukal and Vannappuram (Kerala) have started day-shift basis as per the norms issued by the government. Read more
Sensex gains by more than 300 points; HDFC twins shine Sensex gains by more than 300 points; HDFC twins shine DSIJ Intelligence / Tuesday, June 16, 2020 0 1087 Article rating: 4.6 Having regard to US Fed's announcement about additional stimulus and taking cues from global indices, domestic markets were trading higher by about 800 points during the morning trading session. However, a sharp fall erasing all the gains was witnessed after tensions between India and China flared up as the Indian Army reported that an officer and two soldiers were killed in Galwan Valley in eastern Ladakh on Monday night during a violent face off with the Chinese troops. Later a recovery in Sensex by 651.92 points from the day’s low was seen as Sensex closed at 33,605.22 which is 376.42 points or 1.13 per cent higher than its previous close while Nifty gained by 100.30 points or 1.02 per cent to settle at 9,914. Read more
Trident Ltd gets second patent this month; shares recover intraday losses Trident Ltd gets second patent this month; shares recover intraday losses Pratik Shastri / Tuesday, June 16, 2020 0 8058 Article rating: 3.7 During previous month, the company also informed about the manufacturing of its new product i.e. Kraft Paper. The product will have uses in packaging material such as carry bags, business cards, Kraft envelopes, etc. Read more
Shilpa Medicare to acquire two pharmaceutical-based entities Shilpa Medicare to acquire two pharmaceutical-based entities Apurva Joshi / Tuesday, June 16, 2020 0 3096 Article rating: 3.0 Shilpa Medicare Limited is all set to acquire FTF Pharma Private Limited through share purchase agreement (SPA). As per the terms of draft share purchase agreement, the acquisition would be completed on or before April 30, 2023. Read more
Maruti Suzuki join hands with IndusInd bank for finance schemes Maruti Suzuki join hands with IndusInd bank for finance schemes DSIJ Intelligence / Tuesday, June 16, 2020 0 1255 Article rating: 5.0 India’s largest automaker, Maruti Suzuki India Limited (MSIL) informed the bourses that it has collaborated with IndusInd Bank in a bid to offer attractive finance schemes for its customers. Read more
Vardhman Special Steels: Stock gains upon Q4FY20 sales volume growth Vardhman Special Steels: Stock gains upon Q4FY20 sales volume growth Pratik Shastri / Tuesday, June 16, 2020 0 1444 Article rating: 4.7 With upgradation purposes in mind, Vardhman Special Steels underwent 78 shutdowns during the previous fiscal year. Such upgrade was executed in order to modernize steel melting shop facilities whose annual capacity at present stands at 2,00,000 TPA. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Tuesday, June 16, 2020 0 1333 Article rating: 4.3 The market opened in the green on June 16, 2020. The previous trading session witnessed the Sensex going down by 552.09 points to end at 33,228.80 and the Nifty was down 159.20 points to close at 9,813.70 . Read more
Ten stocks close to their 52-week low Ten stocks close to their 52-week low DSIJ Intelligence / Tuesday, June 16, 2020 0 3530 Article rating: 3.8 The market opened in the green on June 16, 2020. The previous trading session witnessed the Sensex going down by 552.09 points to end at 33,228.80 and the Nifty was down 159.20 points to close at 9,813.70 . Read more
Five stocks with buying interest Five stocks with buying interest DSIJ Intelligence / Tuesday, June 16, 2020 0 1484 Article rating: 3.5 The market opened in the green on June 16, 2020, overall volumes in futures & options currently stand at 2.12 crore contracts with a turnover of Rs. 12,02,860.24 crore. Read more
Five stocks with selling interest Five stocks with selling interest DSIJ Intelligence / Tuesday, June 16, 2020 0 1370 Article rating: 3.7 The market opened in the green on June 16, 2020, overall volumes in futures & options currently stand at 2.12 crore contracts with a turnover of Rs. 12,02,860.24 crore. Read more
Mutual Fund investors turn cautious now! Mutual Fund investors turn cautious now! DSIJ Intelligence / Tuesday, June 16, 2020 0 881 Article rating: 4.5 The month of May 2020 saw 46-month low gross inflows into equity mutual fund (MF) schemes. The investor seems to be cautious now on their MF investment. Read more
Tata Communications Ltd hits 52-week high on enhancing network capabilities Tata Communications Ltd hits 52-week high on enhancing network capabilities DSIJ Intelligence / Tuesday, June 16, 2020 0 1154 Article rating: 3.4 Tata Communications announced today that the company is enhancing its network capability by building a new submarine cable in Asia Pacific. Reacting to the news, the stock of the company hits a fresh 52-week high of Rs 586.70. Read more
Cadila gets final USFDA approval to market Deferasirox tablets Cadila gets final USFDA approval to market Deferasirox tablets Nidhi Jani / Tuesday, June 16, 2020 0 1365 Article rating: 4.1 The company has received USFDA nod to market Deferasirox tablets (90 mg, 180 mg and 360 mg), which is used for treating high levels of iron in patients, having a certain blood disorder. Read more
COVID-19 affects May exports adversely; exports plunge 36 per cent COVID-19 affects May exports adversely; exports plunge 36 per cent Nidhi Jani / Tuesday, June 16, 2020 0 767 Article rating: 5.0 However, the drop in exports during the month under review is low as compared to 60.28 per cent fall in April 2020. Trade deficit, gap between imports and exports, narrowed to US$ 3.15 billion in May 2020 from US$ 15.36 billion a year ago. Read more
Alembic Pharmaceutical touches 52-week high, gets fresh USFDA approval Alembic Pharmaceutical touches 52-week high, gets fresh USFDA approval Pratik Shastri / Tuesday, June 16, 2020 0 1404 Article rating: 5.0 The IQVIA, a US-based company, which is engaged in serving as the information and database provider of the healthcare industry, stated that Deferasirox Tablets, 180 mg, has an estimated market size of US$ 53 million (Rs 400 crore approximately). Read more
GlobalSpace Technologies gains popularity in STEAM education space GlobalSpace Technologies gains popularity in STEAM education space DSIJ Intelligence / Tuesday, June 16, 2020 0 1279 Article rating: 3.9 The EduTech subsidiary, Makebot Robotic Solutions Pvt Ltd of GlobalSpace is surfacing as a leader in STEAM education using robotics, artificial intelligence (AI), internet of things (IOT) platforms for all the students across K-12. Read more
Ind-Swift Lab gets ready to launch new API in US markets Ind-Swift Lab gets ready to launch new API in US markets Nidhi Jani / Tuesday, June 16, 2020 0 1601 Article rating: 3.3 Speaking only of US, the revenue contribution stands at approximately 14 per cent and the company delivers seven to eight products to the US markets. This new API launch would be a different opportunity for the company as US is a significant market for Fexofenadine. Read more
Gap-up opening for markets! Gap-up opening for markets! DSIJ Intelligence-3 / Tuesday, June 16, 2020 0 910 Article rating: 5.0 The announcement from US Fed to purchase individual corporate debt is likely to boost the sentiment on the Dalal Street. Early trends on SGX Nifty suggests that bulls are likely to hit a double century at the opening bell. At 7:51 am, SGX Nifty was trading up by 1.97 per cent at 9,889.50 levels. Read more
Index trend and stocks in action on June 16, 2020 Index trend and stocks in action on June 16, 2020 DSIJ Intelligence-3 / Tuesday, June 16, 2020 0 868 Article rating: 3.5 The level of 9,700 and 9,640 is likely to be a strong support zone for the index and on the upside, Friday’ session high of 9,996 is likely to act as a strong barrier on the upside. Stocks in news: SBI Cards and Payment Services Limited, Ind-Swift Laboratories, Wipro. Read more
Mutual Fund Update: New Fund Offer (NFO) Mutual Fund Update: New Fund Offer (NFO) DSIJ Intelligence / Monday, June 15, 2020 0 664 Article rating: 4.0 New Fund Offers (NFOs) that are open for subscription. Read more
JM Financial plunges despite raising Rs 770 crore through QIP JM Financial plunges despite raising Rs 770 crore through QIP DSIJ Intelligence / Monday, June 15, 2020 0 1656 Article rating: 3.3 JM Financial has issued and allotted Rs 11 crore equity shares with a face value of Re 1 each. The issue price for qualified institutional buyers was Rs 70 each, amounting to Rs 770 crore. Read more
Tata Power arm obtains 120 MW solar project order from GUVNL Tata Power arm obtains 120 MW solar project order from GUVNL DSIJ Intelligence / Monday, June 15, 2020 0 1033 Article rating: 3.8 On Monday, Tata Power declared that its renewable energy arm, Tata Power Renewable Energy Limited (TPREL) received a letter of award (LoA) from Gujarat Urja Vikas Nigam Limited (GUVNL) to construct a 120 MW solar project in the state of Gujarat, India. Read more
Sun Pharma & Hikma enter deal for plaque psoriasis drug in MENA region Sun Pharma & Hikma enter deal for plaque psoriasis drug in MENA region DSIJ Intelligence / Monday, June 15, 2020 0 578 Article rating: 5.0 On Monday, Sun Pharma announced that one of its wholly-owned subsidiaries entered into an exclusive licensing and distribution agreement with Hikma Pharmaceuticals PLC (Hikma) for Ilumya, a plaque psoriasis medicine, in the Middle East & North Africa (MENA) region. Read more
WPI inflation shrinks by 3.21 per cent in May WPI inflation shrinks by 3.21 per cent in May Nidhi Jani / Monday, June 15, 2020 0 1104 Article rating: 5.0 Since the information available for the month of April 2020 is limited, the provisional figures of May 2020 have been compared with the final figures of March 2020. Read more
Sensex sheds by over 500 points; Bank Nifty down by four per cent Sensex sheds by over 500 points; Bank Nifty down by four per cent DSIJ Intelligence / Monday, June 15, 2020 0 988 Article rating: 4.5 Domestic benchmark indices ended the trading session on a negative note on Monday as Sensex slipped by 552.09 points or 1.63 per cent to a level of 33,228.80 while Nifty fell by 159.20 points or 1.60 per cent to settle at 9,813.70. Read more
Ten stocks close to their 52-week high Ten stocks close to their 52-week high DSIJ Intelligence / Monday, June 15, 2020 0 1191 Article rating: 3.8 The market opened in the red on June 15, 2020. The previous trading session witnessed the Sensex going up by 242.52 points to end at 33,780.89 and the Nifty was up 70.9 points to close at 9,972.90 . Read more