Indian automobile manufacturer, Ashok Leyland, announced that it is planning to raise Rs 300 crore through the issuance of redeemable, non-convertible debentures (NCDs) on a private placement basis.

The zone of 9,188-9,240 is a crucial support level as 38.2 per cent retracement level and 20-DMA is placed in this region. A move below this level could take Nifty towards 8,972 levels in the short-term. Stocks in news: IND-Swift Laboratories, Ashok Leyland, InterGlobe Aviation.

Markets worldwide have been gripped by fear of the viral infection resurging as report suggested that new Coronavirus cases have been found in countries such as China and South Korea. This pessimism is likely to attack Dalal Street and hence, SGX Nifty is indicating a negative start as it is down by 68 points at 9,147 level.

Tata Tea, a part of Tata Consumer Products Limited, the multinational non-alcoholic beverages company, has partnered with Help Age India to support senior citizens in the ongoing pandemic situation.

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

Elgi Equipments informed the exchanges that its wholly-owned subsidiary, Elgi Compressors USA Inc, has formed a joint venture company with Bryan Becker, Managing Partner of the LLC.

BSE StAR MF contributed Rs 56,038 crore as net equity inflow during FY19-20, which is 66 per cent of the entire MF Industry Net Equity Inflow which was 83781 crore for FY19-20. BSE StAR MF contributed 61 per cent in net equity inflow i.e Rs 3806 crore out of the entire MF industry’s total of Rs 6212 crore in April 2020.

The stock of Hexaware Technologies Limited has formed a bullish engulfing candlestick pattern on the 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.

Global enterprise software specialist Ramco Systems announced that WT Partnership Australia, a leading international cost and consultancy firm, has successfully implemented Ramco HR and global payroll solution in Phase I of the project, to replace the latter’s legacy systems for its Australian operations.

Global investment firm-Carlyle Group announced that its affiliated entity; CA Harbor Investments agreed to acquire an equity stake of up to 74 per cent in SeQuent Scientific Limited, the largest pure-play animal healthcare company in India.

Tata Power strategic engineering division (Tata Power SED), a division of Tata Power Company Limited, announced the signing of a contract with Ministry of Defence, Government of India, for infrastructure modernisation of 37 airfields of Indian Airforce, Indian Navy and Indian Coast Guard in a contract, which is to be executed over a period of four years.

There is an old adage attached to the month of May as in ‘sell in May and go away’. It is relevant in the current situation as the stocks have underperformed in the month of May.

Glenmark Pharmaceuticals Limited has launched a single inhaler triple therapy AIRZ-FF-a combination of two bronchodilators, Glycopyrronium & Formoterol and the inhalation corticosteroid Fluticasone propionate for chronic obstructive pulmonary disease (COPD).

The shares of the automaker company, Hero MotoCorp Limited, went up by more than six per cent on Monday after the company announced that they have sold around 10,000 units of motorcycles and scooters on resuming retail business.

The market opened in the green on May 11, 2020. The previous trading session witnessed the Sensex going up by 209.32 points to end at 31,642.70 and the Nifty was up 52.45 points to close at 9,251.50.

The market opened in the green on May 11, 2020. The previous trading session witnessed the Sensex going up by 209.32 points to end at 31,642.70 and the Nifty was up 52.45 points to close at 9,251.50.

The market opened in the green on May 11, 2020, overall volumes in futures & options currently stand at 1,12 crore contracts with a turnover of Rs. 5,76,735.01 crore.

Inox Wind has started execution of the first phase of the project comprising of 126 MW, which is scheduled to be commissioned by Q3FY21 at Dayapar, in Bhuj district (Gujarat) on a turnkey basis.

The test was validated at two sites in Mumbai and has been found to have high sensitivity and specificity. In addition, the test will have the advantage of testing 90 samples together in a single run of 2.5 hours.

The market opened in the green on May 11, 2020, overall volumes in futures & options currently stand at 1,12 crore contracts with a turnover of Rs. 5,76,735.01 crore.

Nifty is likely to trade in the range of 9,100-9,450 range. Break on either side is likely to result in a trending move. Stocks in news: CIPLA, Sequent Scientific, Minda Corp, Lupin.

The global cues are positive and as a result, SGX Nifty is indicating a gap-up start for Indian markets. Key catalyst for this optimism is a hope that US and China might avoid another bruising clash over trade and market participants are of the view that trade deal would actually progress.

BSE reported that Honourable Finance Minister Nirmala Sitharaman inaugurated Rupee Dollar Derivatives on BSE’s India International Exchange (IFSC), Limited (India INX), which is India’s first international exchange based in the International Financial Services Centre (IFSC) located at Gujarat International Finance Tec-City (GIFT City).

The inflows in the equity mutual funds saw a sharp drop on a monthly basis. Read on to find out more.

Punjab National Bank (PNB) Housing Finance Limited announced that it has reduced its retail lending rates including home loan as well as loan against property by 15 basis points, with effect from today.

NSE IFSC Limited (Wholly owned subsidiary of National Stock Exchange of India Ltd) today announced the launch of Trading in Indian Rupee – US Dollar, Futures & Options Contracts on NSE IFSC, GIFT City, Gandhi Nagar, Gujarat.

Reliance Jio bags the third deal after Facebook and Silver Lake. This time, Vista Equity Partners will be making an investment of around Rs 11,367 crore into Reliance Jio as announced by Reliance Industries and Jio Platforms Limited.

Pharmaceutical company, Neuland Laboratories Ltd, announced that it has received an establishment inspection report (EIR) for its manufacturing facility located at Pashamylaram in Hyderabad.

During the week, RBI Governor held video conferences with representatives of non-banking financial companies (NBFCs) including NBFC-micro finance institutions (NBFC-MFIs), where issues such as availability of liquidity were discussed.

EBITDA grew by seven per cent as against previous year, to $383 billion. The top-line, though, is down by 12 per cent to $2.7 billion due to lower shipments as well as aluminum prices.

The stock of J B Chemicals & Pharmaceuticals Limited has given a downward sloping trendline breakout on the weekly time frame, formed by connecting swing highs from February 2020. The breakout was supported by strong volumes.

The stock has formed descending hawk candlestick pattern on weekly time frame, which suggest weakening of the short-term uptrend and may reverse to the downtrend after the confirmation candle.

Gold prices went up by 45 per cent in the last year. Is it the right time to invest now?

Active tracking and monitoring of COVID-19 is significant for understanding and curbing its infection vector. For this purpose, Hexaware Technologies came up with a cloud-based, quarantine zone care management software solution called-KareRing. It is a mobile application that provides institutional care providers, a care management dashboard, quarantine zone tracking as well as reporting facility.

On Friday, Biocon announced that United States Food & Drug Administration (USFDA) had issued the company with five observations for its small molecules API manufacturing facility at Biocon Park SEZ, Bommasandra (Bengaluru, Karnataka).

The business also would show high sustainability due to its short-term loans and recovery period of as small as three months, which may not face high risk of defaults due to the current lockdown.

The market opened in the green on May 8, 2020. The previous trading session witnessed the Sensex going down by 0.76 percent to end at 31,443.38 and the Nifty was down 0.78 percent to close at 9,199.05.

Zydus Cadila today informed the bourses that it has launched Enzalutamide, a highly effective drug for the treatment of prostate cancer, under the brand name ‘Obnyx’ in India. With this launch, the treatment cost of prostate cancer is likely to be reduced by almost 70 per cent

Factor-based investing is gaining popularity world over. What is it and how is it different from others?

The market opened in the green on May 8, 2020. The previous trading session witnessed the Sensex going down by 0.76 percent to end at 31,443.38 and the Nifty was down 0.78 percent to close at 9,199.05.

The market opened in the green on May 8, 2020, overall volumes in futures & options currently stand at 4.79 crore contracts with a turnover of Rs. 22,79,856.76 crore.

Dr Reddy today informed the bourses that the company has received an establishment inspection report (EIR) from USFDA for API manufacturing plant at Srikakulam, Andhra Pradesh (CTO VI) facility which was audited as on January 29, 202

Tata Motors announced that it has decided to withdraw the issue for private placement of unsecured non-convertible debentures (NCDs) up to Rs 1,000 crore in view of the higher cost expectations from the market participants. 

The market opened in the green on May 8, 2020, overall volumes in futures & options currently stand at 4.79 crore contracts with a turnover of Rs. 22,79,856.76 crore.

Pharma major, Zydus Cadila informed the bourses after trading hours on Thursday that the company has received a final approval from USFDA to market Deferasirox tablets for oral suspension in the strengths of 125 mg, 250 mg and 500 mg. The drug will be manufactured at the group’s manufacturing facility at SEZ, Ahmedabad.

The rating agency also focussed on the strong liquidity position of the company. Its statement said that the liquidity stood around Rs 4,500 crore (cash as well as CC & WCDL) and Rs 13,000 crore from sanctioned term loans, debentures etc.

The immediate level resistance placed at 9,227 will act as a point of control. Only above this level, Nifty may test the levels of 9,290 and 9,365. In any case, if Nifty sustains below 9,189, it can test 9,142 and 9,014 levels. Stocks in news: Neuland Laboratories, Vakrangee, BOSCH, Tata Motors, Cadila Healthcare.

Welcome to the last trading session of the week! Today, SGX Nifty is flashing green as Asian peers are trading with healthy gains and overnight, Wall Street ended on a positive note. Currently, SGX Nifty is trading up by 98 points at 9,294 level.

The stock of Godrej Industries Limited has formed a bullish engulfing candlestick pattern on the daily time frame.

On Thursday, the stock has given a neckline breakdown of the double top pattern. This breakdown was confirmed by the above 50-day average volumes. 

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

Review on 1 stock recommended in past.

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

Today’s session for domestic indices was again very volatile but the indices this time closed in red as Sensex dropped by 242.37 points or 0.76 per cent to the level of 31,443.38 while, Nifty fell by 71.85 points or 0.78 per cent to reach 9,199.05 level.

Sentiment Indicators.

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

Most of the senior citizens tend to rely heavily on real estate for regular income. However, let’s find out whether or not it should form a part of your retirement strategy.

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

The shares of Salasar Techno Engineering Limited were trading in green on Thursday after the company announced that it has secured an order for the construction of 220 and 66 kV transmission lines in Yamuna Nagar and Ambala area on a turnkey basis received from Haryana Vidyut Prasaran Nigam Limited (HVPNL).

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. 

CARE revises the credit rating of Ashok Leyland a notch down from CARE AA+; negative (double A plus; Outlook: negative) to CARE AA; negative (double A; Outlook: negative).

Databank of top-ranked equity funds based on DSIJ

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.

The winding down of six funds has definitely created a lot of anxiety among investors. They should now check their debt mutual funds in terms of quality and liquidity. If the fund is holding sufficient liquidity and the quality of papers it has invested in is of superior quality, it is better to remain invested.

Investment is made with the aim of either generating superior returns or achieving your financial goal. Taking into consideration these quantitative and qualitative factors will help you achieve both. The following article provides a guideline about managing your SIP for a fund 

Welspun Enterprises, part of US$ 2.7 billion Welspun Group, announced on Thursday that it is planning to acquire a build-operate-transfer (BOT) project from Essel group company namely, Mukarba Chowk-Panipat Toll Roads Limited, subject to final approval by National Highways Authority of India (NHAI).

Your cover story titled ‘Sectoral Funds: Triggered to Perform Post-Pandemic’ was indeed very insightful.

Risk is an important element in portfolio construction but gets little attention. Risk, per se, is not bad. In fact, if taken with due care, it can lead to rewarding portfolios in the long run. 

The Indian mutual fund industry, and especially the debt mutual fund segment

Debt fund investors have been having a rough ride for over a year and a half now as they have had to deal with a number of defaults and downgrades impacting their investments.

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 Hindustan Oil Exploration Company and Hero MotoCorp We suggest our reader-investors to HOLD in Hindustan Oil Exploration Company and Hero MotoCorp.

Cadila exits from Windlas Healthcare Cadila announced that the board of directors of the company at a meeting held have signed an agreement for the sale of the shares that the company holds of Windlas Healthcare Private Limited (WHPL).

With many new investors in the fray now in the wake of the pandemic and the irregular movement of the markets, there are some who have doubts about whether choosing index funds would be the right choice in such a scenario. The following article provides some insights

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

Data Bank

At a time when the market observers had started to believe that Indian markets can survive an onslaught of foreign portfolio investments (FPIs) owing to steady inflows from domestic investors, the recent violent correction highlights how dependant Indian equity markets are on FPI investment flow. Yogesh Supekar and Anthony Fernandes highlight why and how FPIs are crucial for the Indian equity markets.

The panic created by the virus pandemic has taken a heavy toll on most sectors but pharmaceutical companies seem to have withstood the carnage with some stocks even delivering healthy returns during this period. Join the DSIJ Team to know how the sector has been affected and what lies in store.

The market opened in the red on May 7, 2020. The previous trading session witnessed the Sensex going up by 0.75 percent to end at 31,685 and the Nifty was up 0.7 percent to close at 9,270.

The market opened in the red on May 7, 2020. The previous trading session witnessed the Sensex going up by 0.75 percent to end at 31,685 and the Nifty was up 0.7 percent to close at 9,270.

The markets are up by more than 25 per cent from the lows posted in March 2020. This movement has indeed come as a surprise to market participants not just for the fact that the markets have bounced back but for the speed of recovery. However, in such a situation, investors lose focus and ignore the basics of how the markets function. As Geyatee Deshpande explains, it is the high beta stocks that have the capacity to recover faster

The market opened in the red on May 7, 2020, overall volumes in futures & options currently stand at 2.92 crore contracts with a turnover of Rs. 14,76,310.45 crore.

With the Indian chemical industry considered an important component of the Indian economy since it accounts for approximately 2 per cent of the country's GDP and 15 per cent of India's manufacturing GDP, Deepak Nitrite, with its successful portfolio of chemicals, finds itself soundly established in this sector

The statement from the company further added that its lab facility is fully-equipped; having advanced instruments used in various routine as well as specialised investigations.

The market opened in the red on May 7, 2020, overall volumes in futures & options currently stand at 2.92 crore contracts with a turnover of Rs. 14,76,310.45 crore.

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

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.

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 big dampener, however, is the rising feud between the US and China that has brought back uncertainty and volatility in the markets. 

As a long-time reader and admirer of the magazine, I found your coverage on banking stocks to be highly interesting.

If March 2020 was one of the worst months ever witnessed by investors

Dr Reddy’s Laboratories Limited announced that USFDA has given an approval to ELYXYB (celecoxib oral solution 25 mg/ml). The company is working to commercialise this product through partners.

Majority of the sales were generated in the last few days of April after the exemption of the sale of agricultural machinery was announced by Union Government on April 20.

The level of Wednesday’s session low of 9,116.50 is likely to act as an immediate support level. On the upside, the range of 9,350-9,450 is likely to act as a stiff resistance. Stocks in news: Dr Reddy’s Laboratories, HDFC, Maruti Suzuki, Aster DM Healthcare.

On Thursday, Indian markets are set for a negative start as SGX Nifty indicates a gap-down opening. At the time of writing, SGX Nifty was down by 101 point at 9,154 level. The main cause of concern in India is that the total number of Coronavirus cases has crossed 50,000 mark and the death toll is reported to be around 1,785.

In a latest development, Wipro Limited announced that it has signed a memorandum of understanding (MoU) with Government of Maharashtra for converting one of its branches to a 450-bed COVID-19 hospital.

PNB Housing Finance Limited (PNBHFL) announced that it has signed a memorandum of understanding (MoU) with Indian Institute of Technology (IIT) Delhi, in an initiative to support critical research and development (R&D) of a unique prototype material to be used in manufacturing sustainable personal protective equipment (PPE) surgical gowns and masks, which would then be supplied to notable government hospitals.

The shares of NIIT Technologies were trading deep in green on Wednesday and surged as much as 19 per cent after the IT company announced its Q4 results after market hours on Tuesday.