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

There are chances this counter trend rally may extend towards 9,400-9,600 zone. However, we would advise the traders to exercise caution at higher levels. Stocks in news: Gujarat Alkalies & Chemicals, Transgene Biotek, Camlin Fine Sciences, Cadila Healthcare, Lasa Supergenerics.

Welcome to Dalal Street after a long weekend. Today, Indian markets will be back to work.  The beginning of the week seems to be a tepid one as the early indications by SGX Nifty show that markets are set for an insipid start. SGX Nifty trades down by 50 points at 9,056 levels.

Punjab & Sind Bank announced that its board is planning to raise equity capital next week via QIP and preferential issue.

Natural gas distribution company, Adani Gas Limited, gained more than two per cent after the company reduced prices of compressed natural gas (CNG) as well as piped natural gas (PNG).

The shares of world’s seventh largest tyre manufacturer, Apollo Tyres Ltd jumped nearly eight per cent on April 9, after the company announced that it has raised Rs 500 crore through NCDs.

Larsen & Toubro (L&T) has come up with new innovative technologies such as artificial intelligence to help the local authorities in monitoring and implementing measures to combat the spread of COVID-19.

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

Zydus Cadila announced that the company has received a final approval from US Food & Drug Administration (USFDA) to market Imatinib Mesylate tablets, 100 mg and 400 mg.

Despite all the fall in the equity market, investors have shown faith in equity as an asset class and poured in Rs 30,109 crore in equity dedicated funds in the month of March 2020.

The key reason for this staggered performance was the lack of any strong trigger that could bring certainty in term of revenue. Further, many regulatory hurdles, such as from USFDA, also made things difficult for these companies.

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

1 stock recommendation based on Street Talk (with 7 days horizon).

Granules India informed the bourses on Thursday that its wholly-owned subsidiary, Granules Pharmaceuticals Inc has received approval from the United States Food and Drug Administration (USFDA) for Butalbital, Acetaminophen and Caffeine Capsules USP, 50 mg/300 mg/40 mg.

The shares of Aurobindo Pharma Limited (APL) were trading in green on Thursday after the company announced that it has received final approval from US Food and Drug Administration (USFDA) to manufacture and market Fluoxetine Tablets, 10 mg and 20 mg.

NIIT Limited, a global skills and talent development company, on Thursday, announced that it has specially designed and launched NIIT ‘remote work excellence kit’ course to support India’s fight against COVID-19. The online course has been made available absolutely free on its official portal that is, www.niit.com with an aim to facilitate remote working for adults.

Sentiment Indicators.

Fundamental Analysis of 1 Stocks (with 180 days horizon).

Review on 1 stocks recommended in past.

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

Technical Analysis of 1 Stock (with 15 days horizon).

There are various methods used around the globe for goal-based financial planning. Declining glide path is one such method. Read on to find out more.

On Thursday, bulls were again seen establishing their dominance in D-Street as Sensex surged by 4.23 per cent, which is by 1,265.66 points to close at the level of 31,159.62. Nifty also gained by four per cent or 354 points to end the trading week at the level of 9,102.75.

The campaign of Mutual Fund Sahi Hai to promote mutual funds led to the desired result and helped the industry to on-board over 50 lakh new investors within 12 months of its launch. Yet, on deeper analysis it appears that it was ‘void ab initio’. Now, however, the revised campaign seems to be on the right track
 

Data Bank

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 Music Broadcast Ltd. and Indian Hotels Co. Ltd. We suggest our reader-investors to HOLD in Music Broadcast Ltd. and Indian Hotels Co. Ltd. 

This section gives decisive investment rationales to our subscribers on the stock queries they have raised to our research team.

The gap between large-cap companies and small-cap companies is growing. Is there a tangible reason for this difference? Dalal Street Investment Journal investigates

Databank of top-ranked equity funds based on DSIJ

Whether to invest or not in the current crisis is a question faced by most investors. However, the uncertainty is subsiding and the markets are already showing signs of bouncing back to the normal even though it would be premature and hazardous to say that the bottom has been reached. Yogesh Supekar explains how best one can build a futuristic portfolio after discounting the damages to the industry and the economy while the DSIJ Research Team share their top ‘buys’ in the current market environment 

The market opened in the green on April 9, 2020. The previous trading session witnessed the Sensex going down by 0.6 percent to end at 29,893 and the Nifty was down 0.5 percent to close at 8748.

Wealth destruction and bear markets are considered to be synonymous. However, historical evidence suggests that bear markets do provide lucrative opportunities to those who show conviction in equities. Geyatee Deshpande explains how the bounce-backs are sharper in bear markets, thus offering ample investing opportunities for investors

I have invested in two funds, IDFC Arbitrage Fund and ICICI Prudential Credit Risk Fund. Should I exit from the same? Could you suggest some good funds too? 

Global financial markets are in the midst of mayhem due to the novel corona virus pandemic. Investors are highly anxious about the level of fall in the stock market and its impact on their financial future.  

The market opened in the green on April 9, 2020. The previous trading session witnessed the Sensex going down by 0.6 percent to end at 29,893 and the Nifty was down 0.5 percent to close at 8748.

Power transmission & distribution business of L&T Construction has bagged orders in India and abroad. In Kuwait, a prestigious order has been awarded to upgrade substations and related power facilities in KNPC’s Mina Al Ahmadi oil refinery

Kolte-Patil Developers Limited, Pune-based real estate developer, announced yesterday that the company, through its subsidiary Kolte-Patil I-Ven Townships (Pune) Ltd (KPIT) has entered into an agreement with Planet Smart City for strategic land monetisation of a portion of sector R10 in KPDL’s township project-Life Republic in Pune for Rs 91 crore

The ongoing spread of the Covid-19 pandemic has rattled equity markets world over. The aftermath has resulted in sharp corrections in the markets.

The market opened in the green on April 9, 2020, overall volumes in futures & options currently stand at 2.25 crore contracts with a turnover of Rs. 11,62,159.01 crore.

I have been adopting the strategy of asset allocation from quite some time while investing but have not been getting better results

Given the current market scenario in the wake of the pandemic, investors are concerned about how to choose the right mutual fund portfolio to invest in. Is this the time to take advantage of the market correction? To provide a guideline, Dalal Street Investment Journal has structured a portfolio of funds that will serve you well in the long run 

IDBI Bank on Wednesday informed the bourses that its board of directors has approved rupee bond borrowing limit of Rs 7,500 crore for FY 2020-21 to be borrowed in one or more tranches

The market opened in the green on April 9, 2020, overall volumes in futures & options currently stand at 2.25 crore contracts with a turnover of Rs. 11,62,159.01 crore.

The spread of the novel corona virus has had a catastrophic impact on equity shareholders.

Since the natural gas industry in India is likely to grow faster in the coming years due to the push given by the government to make India a gas-based economy, one of the benefactors will be Indraprastha Gas Limited.

A fortnightly view on Nifty 50 and two investment ideas on the basis of intensive technical analysis in a 15-day horizon.

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.

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 recommendations. 

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.

The recovery in the stock markets and indices is seen as a push by bulls after the drastic drop experienced towards the end of March 

As a long-time subscriber to your magazine, I found your feature on HFT trading to be highly informative and useful. Is it true that HFT or algorithmic traders generally perform better than manual day traders?

Every now and then the markets shine a beacon of hope amidst the carnage that has taken place in these unprecedented pandemic times.

Cipla Limited has received a final approval for its abbreviated new drug application (ANDA) for Albuterol Sulfate Inhalation Aerosol 90 mcg (base)/actuation from United States Food and Drug Administration (USFDA).

The stock of Cummins India Limited has formed a bullish engulfing candlestick pattern on a daily time frame. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

The zone of 9,000-9,150 is stiff resistance for the bulls and hence, only sustaining & closing above this zone, would result in the further advancement. Meanwhile, on the downside, the level of 8,500 is a crucial support for the index. Stocks in news: Manali Petrochemicals, Kolte-Patil Developers, Marico, Titan.

The early trend on SGX Nifty indicates that Indian markets are likely to open with a gap-up, following strong cues from Wall Street overnight. SGX Nifty is indicating that Nifty may open 140 points higher at 8,891 levels. Going forward, traders will keenly watch the outcome of key OPEC+ meeting as it will provide further cues for markets across the globe.

The country’s largest passenger car manufacturer, Maruti Suzuki India, announced that its total production dropped 32.06 per cent to 92,540 units in March 2020 from 1.36 lakh units in March 2019.

Sterlite Technologies Limited (STL), a leading integrator of data networks, announced on Wednesday that it has increased 258 global patent portfolios to its credit, including 93 patent applications filed in FY20 for its optical connectivity, network services and virtual mobile edge solutions.

At stock specific level, Sun Pharma led the gains with 4.7 per cent while, Tata group stocks  such as TCS and Titan were among the top losers, ending the session down by 4 per cent and 3.5 per cent, respectively.

Does it make sense to time the dates on which you select your SIP investment in mutual fund schemes?

The shares of the pharmaceutical company, Granules India Limited, jumped 10.61 per cent on Wednesday after the company announced that its facility in Visakhapatnam (Andhra Pradesh) has received EU good manufacturing practice approval.

Coronavirus pandemic have hurt equity markets a lot and no denying the fact, it will have a potential impact on your retirement planning as well. Read on to find out more.

The market opened in the red on April 8, 2020. The previous trading session witnessed the Sensex going up by 9 percent to end at 30,067.21 and the Nifty was up 8.7 percent to close at 8792.20.

The market opened in the red on April 8, 2020. The previous trading session witnessed the Sensex going up by 9 percent to end at 30,067.21 and the Nifty was up 8.7 percent to close at 8792.20.

Larsen & Toubro Limited’s wholly-owned subsidiary L&T Hydrocarbon Engineering Limited (LTHE) has been awarded a large project by Indian Oil Corporation Limited (IOCL). The estimated cost of this project is Rs 2,500-Rs 5,000 crore.

The market opened in the red on April 8, 2020, overall volumes in futures & options currently stand at 1,53 crore contracts with a turnover of Rs. 7,65,848.37 crore.

The market opened in the red on April 8, 2020, overall volumes in futures & options currently stand at 1,53 crore contracts with a turnover of Rs. 7,65,848.37 crore.

A successful meeting is being expected on April 9 between the members of Organisation of Petroleum Exporting Countries (OPEC) and allied producers including Russia. On the back of this, crude prices oil prices saw a positive jump as US West Texas Intermediate (WTI) crude oil price rose by 5.59 per cent to USD 24.95 per barrel and Brent crude oil price went up by 2.35 per cent to USD 32.62 per barrel.

Gujarat Alkalies & Chemicals (GACL) on Tuesday informed the bourses that it has started partial operation of poly aluminium chloride (PAC) and hydrogen peroxide plants at Dahej complex and chloromethane & poly aluminium chloride (PAC) plants at Vadodara

Galaxy Surfactants in its press release stated that the company has partially resumed operations at its plants with effect from April 6, 2020. Nevertheless, the company supplies essential commodities including units engaged in manufacturing and distribution of sanitisers, soaps and detergents.

With this new order, the company’s O&M order book has strengthened, which would help in the improvement of cash flows and better revenue growth.

20-DMA (8,906) is likely to act as a stiff resistance for Nifty, followed by 9,039 and above this, Nifty may test 9,390 levels. On the downside, the level of 8,500 is likely to act as a strong support. Stocks in news: Advaced Enzyme Technologies, Galaxy Surfactants, Hero Motocorp, Deepak Nitrite.

Doug Kass says often that the market has no memory from day to day. In the last trading session, Indian market posted a record single day but today morning, it seems that the bears will be ruling the D-street as God knows who laid the red carpet for the bears this morning!

The stock of Dabur India Limited has given a consolidation breakout on the daily time frame along with relatively higher volumes. Additionally, the stock has formed a sizeable bullish candle on the breakout day, adding strength to the breakout.

Sensex records the biggest one day gain as it closed at the level of 30,067.21 with an increase of 8.97 per cent or 2,476.26 points. Nifty closed at the level of 8,792.20, up by 8.76 per cent or 708.40 points. Nifty witnessed all stocks advance with no declines. The advance-decline ratio on BSE was 3:1.

Man Industries (India) Limited, one of the leading large-diameter pipe manufacturing companies announced that the promoters of the company (RCM Group) have purchased 14.67 lakh shares, representing 2.6 per cent of the company's total shares holding during the financial year 2019-20.

Shares of Shilpa Medicare Ltd were locked in an upper circuit on Tuesday after the company announced that its subsidiary has received approval for anti-cancer drug Imatinib from UK Medicines and Healthcare products Regulatory Agency (MHRA).

At a time when the entire country is shut down and industries such as airline and hotels are on the verge of collapse; alcohol-based chemical industries can be seen as better placed. Along with specialty chemical companies, specific products can be used in the medication of virus and also, be looked after by the investors.

Zydus Cadila has received a final approval from US Food & Drug Administration (USFDA) to market Perphenazine tablets USP, 2 mg, 4 mg, 8 mg and 16 mg (US RLD: Trilafon tablets)

Tata Power Solar Systems Limited, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power has received a letter of award (LoA) to build 300 MW CPSU-II for NTPC at an all inclusive price of Rs 1,730.16 crore.

Ratings agency CRISIL in its latest report stated that cement demand in India is expected to dip by nearly 20 to 25 per cent in the current fiscal year if the country is unable to contain the pandemic by the month of May

The market opened in the green on April 7, 2020. The previous trading session witnessed the Sensex going down by 674.36 points to end at 27,590.95 and the Nifty was down 170 points to close at 8,083.80.

The market opened in the green on April 7, 2020. The previous trading session witnessed the Sensex going down by 674.36 points to end at 27,590.95 and the Nifty was down 170 points to close at 8,083.80.

Looking at FY20, the total booking value is up by 11 per cent YoY at Rs 5,915 crore with residential sales increasing by 14 per cent YoY to Rs 5,840 crore, comprising of over 7,300 homes sold. The company launched 17 new projects in FY20, including six launches in Q4.

The market opened in the green on April 7, 2020, overall volumes in futures & options currently stand at 91.14 lakh contracts with a turnover of Rs. 4,45,927.56 crore.

The steel output for the month of January and February showed signs of recovery with nearly one per cent growth on YoY basis. However, the lockdown and weak manpower during March has led to a decline in the production for the quarter.

The market opened in the green on April 7, 2020, overall volumes in futures & options currently stand at 91.14 lakh contracts with a turnover of Rs. 4,45,927.56 crore.

The smart world and communication business of Larsen & Toubro Limited’s Construction arm has bagged a large order from Indian Army to establish a first-of-its-kind state-of-the art unified network management system (NMS) to manage, support and operate the countrywide armed forces under network for spectrum (NFS).

Hikal Limited has informed the bourses that the company has received a permission from the government authorities to restart its operations since it is a provider of the essential services (pharmaceutical and continuous industries), which are exempted from the lockdown.

The stock of Emami Limited has formed a bullish engulfing candle on the weekly time frame. The bullish engulfing candlestick pattern consists of two real bodies of opposite colours. The second day’s body completely engulfs the previous day's body. A large bullish candle suggests this was a sudden and decisive shift to bullish sentiment.

The low of Friday’s trading session (8,055) is going to act as a crucial support level. On the upside, the high of Friday’s trading session (8,356) is likely to act as a stiff resistance for the index. Stocks in news: Bajaj Finance, Godrej Properties, IndusInd Bank, Kotak Mahindra Bank, Lupin, HDFC Bank, L&T.

Indian markets are set to open today after an extended weekend as Monday was a trading holiday. Over the last three days, news from the global shore has been soothing as COVID-19 cases appear to peak out in Europe and New York thereby, bring hopes of stabilisation. Further, icing on the cake is a historic stimulus announced by Japan’s Minister Shinzo Abe to combat the impact of Coronavirus on the economy.

The low volatility strategy is used to survive in situations like the present crisis. But does it really work and pays off? Let’s find out.

KEI Industries has extended its support to ISKCON Delhi for feeding homeless people amid the recent pandemic outbreak and the nationwide lockdown.  

Mahindra & Mahindra (M&M) in a filing to the exchanges stated that it has reviewed its investment in SsangYong Motor Company (SYMC) worth 500 billion Korean Won (KRW) or USD 406 million. The company has also discussed the approach to capital allocation embracing COVID-19 impact.

Global rating agency, Moody’s Investor Service, placed private sector lender IndusInd Bank’s ratings under review for downgrade and cut its outlook on ICICI Bank, Axis Bank and IDBI Bank by a notch due to asset quality concerns.

Associated Alcohols & Breweries announced that the company has received permission from MP Drug & Food authorities for the production of alcohol-based hand sanitisers.

SRL informed that the credit rating agency has reaffirmed the company’s long-term issuer rating at CARE AA- with stable outlook and short-term issuer rating at CARE A1+. 

The shares of pharmaceutical company, Cipla Limited surged more than eight per cent on Friday after the company announced that it has successfully completed phase-3 of clinical end-point study for fluticasone propionate & salmeterol inhalation powder.