We had one of the busiest weeks of the year so far on Dalal Street, with key earnings, global developments and a bunch of crucial economic releases making waves throughout the week. In the thick of all this, the scene on Dalal Street was like sinking of the Titanic.

One of the basic fundamental theory on finance suggests that higher beta should be giving higher returns. Read on to find why this is not the case.

Ingersoll-Rand (India) Ltd reported mixed set of numbers for the quarter ended March 2019.

Himachal Futuristic Communications Ltd. (HFCL) has acquired 90 per cent of the equity shares of Raddef Pvt. Ltd.

The stocks that are likely to witness significant movement on the bourses on May 17 are Hindalco Industries, Thomas Cook, Action Construction Equipment, Bajaj Auto and Bharat Forge

Ashok Leyland has secured orders for 400 Ashok Leyland Eagle 916 minibuses from Senbus Industries in Senegal. The total order amounts to a whooping Euro 10.06 million.

Tata Chemicals has approved demerger of its consumer products business into another Tata Group firm Tata Global Beverages, which has ended prolonged speculation. The turnover of the demerged division is around Rs. 1,847 crore, which accounts for nearly 16 per cent of the overall sales of Tata Chemicals on a consolidated basis.

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Following stocks are close to their 52-weeks low as at 12:46 p.m. on May 16, 2019.

The markets on May 16, 2019 opened flat. BSE Sensex is trading at 37,131.58, up by 16.70 points and the Nifty is trading at 11,178.25, up by 21.25 points. 

ROLL OF HONOUR

Overall volumes in futures & options currently stand at 1.88 crore contracts with a turnover of Rs. 12,53,354.99 crore.

Overall volumes in futures & options currently stand at 1.88 crore contracts with a turnover of Rs. 12,53,354.99 crore.

In the coming session, the 100-DMA, which stands at 11,135, is likely to be a crucial support level and the next crucial support stands at 11,036, which is 200-DMA for the Nifty. Going ahead, a move above the 11,300 level is required to turn the bias positive. Stock in news: Tata Chemicals.

After a sharp sell-off in the last hour of trading on Wednesday, Indian indices hope for a recovery at the start of the session on Thursday, following positive close on the Wall Street overnight. At the time of writing, the SGX Nifty was trading higher by 25 points at 11,187 level. Market participants will eye quarterly results of Bajaj Finance, Bajaj Finserv, Hindalco and Praj Industries.

Indian broad market indices, which opened on flat note and traded in the positive terrain till the afternoon session, witnessed sell-off in the last leg of trading and entered into the negative terrain and ended on a negative note.

The stocks that are likely to witness significant movement on the bourses on May 16 are Yes Bank, Bharti Airtel, Dr. Reddy’s Laboratory, Amara Raja Batteries and JK Tyre

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The company received orders worth Rs 3,635 crore during the quarter, which is 24.3 per cent higher than the quarter ended on March 2018. The company said that its order backlog is at a six-year high.

Alkem Laboratories informed the bourses that its manufacturing facility located at St. Louis, USA, has received a letter from the US FDA classifying the inspection conducted as Official Action Indicated .

The government-owned enterprise NTPC informed the bourses that it has won 100 MW of Solar capacities at a levelised tariff of Rs 2.9l/unit, applicable for 25 years

Following stocks are close to their 52-weeks low as at 12:54 p.m. on May 15, 2019.

The markets on May 15, 2019 opened down. BSE Sensex is trading at 37,458.50, up by 139.97 points and the Nifty is trading at 11,250.15, up by 28.10 points. 

Overall volumes in futures & options currently stand at 1.60 crore contracts with a turnover of Rs. 10,68,438.44 crore.

Finally, after nine days, the continuous fall in the market was arrested. Read on to find how historically returns have panned out going ahead.

Overall volumes in futures & options currently stand at 1.60 crore contracts with a turnover of Rs. 10,68,438.44 crore.

The stock had formed bullish belt hold candlestick pattern near the horizontal trendline support, which signals a shift in the sentiment from bearish to bullish.

The stock of Praj Industries Ltd has formed a bullish engulfing candle on the daily scale.

The 100-DMA (11,132) is likely to act as an immediate support for the index, followed by the 200-DMA (11,036). On the higher side, the identical high of the last two sessions, which is near about 11,300, is likely to act as an immediate resistance for the index. Stocks in news: Wockhardt, Datamatics Global Services,Vodafone Idea, Future Supply Chain Solutions, NTPC, GIPCL, Orchid Pharma.

The outlook for the day is a flat start with negative bias in early trade. At the time of writing, the SGX Nifty was trading marginally lower by 20 points at 11,241 level. The results scheduled today are Amara Raja Batteries, Jubilant Food, Lupin, Manappuram, Petronet and Torrent Power.

Tata Motors has entered into partnership with Aaron Travels to deploy electric vehicles in Mumbai. The shares of Tata Motors rose 2 per cent around closing hours.

The Indian benchmark indices BSE Sensex and NSE Nifty emerged in the green today after bleeding red for straight nine sessions. The Sensex closed at 37318.53, up by 227.71 points, while Nifty closed at 11,222.05, up by 73.85 points.

The stocks that are likely to witness significant movement on the bourses on May 15 are NMDC, Edelweiss Financial Services, GIPC, Sharda Cropchem and Almebic Ltd.

The general elections 2019 is in its last phase and volatility has been increasing. Despite this, there were stocks that attracted fund managers in the month of April 2019.

Lupin Limited has announced that it has received the Establishment Inspection Report (EIR) from the USFDA for the Post marketing Adverse Drug Experience (PADE) inspection, indicating successful closure of the inspection.

L&T Infotech’s wholly-owned subsidiary Syncordis S.A. has announced its strategic global partnership with Temenos, the banking software company.

Following stocks are close to their 52-weeks low as at 2:41 p.m. on May 14, 2019.

PPF is one of the most popular investment options for investors looking for good returns, tax saving and safety of investment. So, how does it fare when compared with debt MFs? Let’s find out.

Glenmark Pharmaceuticals Inc., USA, has been granted final approval by the USFDA for Esomeprazole magnesium delayed-release capsules USP, 20 mg and 40 mg, a generic version of Nexium delayed‐release capsules, 20 mg and 40 mg, of AstraZeneca Pharmaceuticals LP. 

The markets on May 14, 2019 opened flat. BSE Sensex is trading at 37,446.26, up by 355.44 points and the Nifty is trading at 11,253.75, up by 105.55 points. 

SRF Limited has announced that it has entered into a definitive agreement to sell its engineering plastics business to DSM, which is the life sciences and materials sciences company. SRF is a chemical-based multi-business company engaged in the manufacturing of industrial and speciality intermediates.

Overall volumes in futures & options currently stand at 1.07 crore contracts with a turnover of Rs.7,20,742.67 crore.

Overall volumes in futures & options currently stand at 1.07 crore contracts with a turnover of Rs. 7,20,742.67 crore.

The zone of 28425-28350 is likely to act as crucial support for the index as it is the confluence of horizontal trendline support and 100-day exponential moving average.

Considering the daily time frame, the stock of Havells India Ltd formed a double inside day pattern near 100-day exponential moving average. The double inside bar is a price action candlestick pattern where two inside bars form successively.

The zone of 11,035-11,070 would now act as a strong support level as it is the confluence of the 61.8 per cent retracement of the entire upmove from the low of February to the April high and the rising 200 DMA. With the RSI almost near the oversold region of 30 and after a continued descend in the last nine trading sessions, Nifty has created scope for a technical pullbacks, which are likely to be resisted around the levels of 11,220 followed by 11,300. Stocks in news: Lux Industries, Engineers India, Tata Power, Avadh Sugar & Energy, Delta Corp, Shankara Building Products, Bajaj Finance, D-Link.

With China retaliating against the US with punitive tariffs, the global markets felt the pain and are bleeding red. The SGX in early trading is showing weakness of 0.90 per cent and this clearly indicates that a gap-down opening is in store for the Indian markets. Now, for the Nifty, the final ray of hope is 11,035 level as it is the 200-DMA.

The Index of Industrial Production (IIP) has contracted by 0.1%. This was against the consensus growth expectation of 1.2%.

Meanwhile, foreign investors have taken out the net amount of Rs 3,207 crore from the Country's capital market in the first week of May amid US President's decision to impose tariff on USD 200 billion products imported from China. In addition to this, uncertainty over the election result also weighed on the market sentiments.

The company is hoping that this approval would help to further expand its footprints in Latin America. The company’s Unit 1 is currently catering to emerging markets of Latin America and Africa with a variety of dosage forms such as tablets, capsules, softgel capsules, suppositories, liquid orals and topicals.

Ester Industries and a global chemical leader have entered into a long term agreement to supply innovative polybutylene terephthalate polymers.

The stocks that are likely to witness significant movement on the bourses on May 14 are Tata Power, HDFC, Hero MotoCorp, Safari Industries and Nestle.

FEMA (Foreign Exchange Management Act) allows NRIs to buy any type of insurance in India. So, should you as an NRI buy one? Let’s find out.

On Monday, Pennar group informed the bourses that it has received orders worth Rs. 311 crore for the month of April across its various business verticals.

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Following stocks are close to their 52-weeks low as at 12:53 p.m. on May 13, 2019.

The markets on May 13, 2019 opened gap down. BSE Sensex is trading at 37,477.56, up by 14.57 points and the Nifty is trading at 11,267.20, down by 11.70 points. 

Overall volumes in futures & options currently stand at 1.00 crore contracts with a turnover of Rs. 6,73,089.52 crore.

Overall volumes in futures & options currently stand at 1.00 crore contracts with a turnover of Rs. 6,73,089.52 crore.

The last eight sessions' descend of about 4.6 per cent has pulled the index towards its crucial support area of 11,180-11,227. In the coming session, holding above this support level would keep the pullback options open.  Else, there would be extension of correction, where the important long term moving average of 200 DMA (11,034) is likely to act as a strong support. On the upside, the pullbacks are likely to be resisted at 11,370, followed by 11,425 levels. Stocks in news: Shankara Building Products, Kridhan Infra, Trident, GAIL, HPL Electric & Power, UPL, Transpek Industry, Tata Steel.

Indian markets have to face a double whammy at the start of the week as India’s industrial output contracted 0.1 per cent in March, recording a 21-month low, due to slowdown in manufacturing sector and the world’s two biggest economies seemed at the end of the road over trade negotiations on Sunday as Washington demanded promises of concrete changes in Chinese law and Beijing said it would not swallow any ‘bitter fruit’ that harmed its interests. At the time of writing, the SGX Nifty was trading lower by 40 points at 11,244.

The stock has strong support in the zone of Rs. 113.85 - Rs. 114.90 as it has an unfilled upside gap which was formed on May 10, 2019. While on the upside, the 20-day EMA is likely to act as immediate resistance, which is currently placed at Rs. 127.55 level.

At present, near the horizontal trendline support, the stock had formed a Doji candle on the weekly scale. The Doji represents indecision in the stock.

The stocks that are likely to witness significant movement on the bourses on May 13 are GAIL, Eicher Motor, Zen Technologies, V-Mart Retail, ITC and HDFC.

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The Securities and Exchange Board of India (SEBI) upped its scrutiny of MFs by raising the surveillance bar. It did so by demanding that the fund houses provide quarterly information pertaining to the AI-based systems employed by them.

Trade war jitters drove markets downwards globally. Indian benchmarks followed the negative sentiment arising from the trade dispute between the US and China coupled with uncertainty due to the ongoing general elections, during the week.

The investments made by Mutual Funds in commercial papers and bonds that mature in 90 days plummeted to Rs. 3.24 trillion towards the end of March reporting the lowest figures in the last six quarters.

Larsen & Toubro was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The plan to combine the steel business of Thyssenkrupp and Tata Steel in Europe have hit the road blocks. The European Commission is unimpressed by the concession offered by the steel makers and is likely to block the deal.

Global financial markets took a negative blow from the US president Donald Trump’s decision to hike tariffs on good worth more than US$200 billion imported from China. The said tariff hike takes effect from Friday, May 10, 2019.

Following stocks are close to their 52-weeks low as at 3:04 p.m. on May 10, 2019.

The markets on May 10, 2019 opened flat. BSE Sensex is trading at 37,672.82, up by 113.91 points and the Nifty is trading at 11,335.60, up by 33.80 points. 

Pharma major Lupin informed bourses about its launch of Clobazam Tablets, 10 mg and 20 mg. The company had received approval from the United States Food and Drug Administration (FDA) earlier.

As awareness about investments grow, you can see people providing different financial plans among which some are goal-based and some are comprehensive. So, which financial plan should you opt for? Let’s find out.

The Indian conglomerates Reliance Industries' subsidiary announces plans to acquire British toy retailer Hamleys for a cash consideration of Rs. 620 crore or GBP 67.96 million.

South Indian Bank reported its financial performance for the quarter ended March 2019. Net Interest Income (NII) surged a mere 1 per cent YoY to Rs. 499 crore in Q4FY19 from Rs. 492 crore in Q4FY18.

Overall volumes in futures & options currently stand at 3.32 crore contracts with a turnover of Rs. 21,48,919.95 crore.

Overall volumes in futures & options currently stand at 3.32 crore contracts with a turnover of Rs. 21,48,919.95 crore.

The index has strong support in the zone of 11,180-11,230 as it has an unfilled upside gap (11,180-11,227) which was formed on March 12 and also 50 per cent retracement of the rise from February's low to April's high is placed in the region. In any case, if it falls below this level, Nifty may test 11,000 very fast. Stocks in news: Reliance Industries, Edelweiss Financial Services, Welspun Corp.

Indian markets are likely to start the session near the dotted line as at the time of writing SGX Nifty was trading marginally down by 6 points at 11,335. Among the results to watch are Eicher Motors, Canara Bank, LT, SBI, PVR, IDFC First Bank and Oberoi Realty. Market participants would also focus on IIP data, which is scheduled to be released today.

This indicator is a measure of the percentage of Nifty 50 stocks that are trading above/below their 200-day moving averages. The 200-DMA is considered important and one of the basic technical indicators that can be used to determine long-term trend of a security.

Asian Paints posted healthy revenue growth and announced a final dividend of Rs. 7.65 for the quarter ended March 2019.

We had recommended Time Technoplast in vol. 35, issue no. 23, (dated Apr 1, 2019), when the scrip was trading at Rs 103.45.

Indraprastha Medical Corporation declared its financial results for the quarter ended March 2019. 

Nifty lost almost 410 points in the last five trading sessions. The 22-day consolidation range has broken downside with huge distribution. As we expected, a move on either side of the range will lead to a sharp move.

DCM Shriram Limited is engaged in the business of fertilisers, sugar and caustic soda. The company's segments include fertilisers, sugar and sugar products, co-generation of power, 

The stock is likely to keep its upward momentum alive in the short term.

Multi-cap funds witnessed the highest inflows in the month of April 2019 among the equity-oriented schemes. This is in-line with the thinking that multi-cap funds are best suited for volatile times.

Gillette India Limited reported sales of Rs. 466 crore for the quarter ended March 2019 on Thursday. The company's sales were up 3 per cent YoY.

Varun Beverage reported consolidated net sales of Rs. 1,359.2 crore for the March quarter, up by nearly 24.1 per cent from the corresponding quarter of the previous year. This was mainly on account of increase in overall sales volumes to 90 million-unit cases from 80 in Q1CY18

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The stocks that are likely to witness significant movement on the bourses on May 10 are JSW Steel, Excel Crop Care Limited, Maruti Suzuki India, Lupin and IDFC First Bank.

Market continued to be in the red, but managed to cut the losses. As it has been the case for the last two day, Reliance continued to be the top draggers on Thursday.

Delhi-based steel and power company, Jindal Steel and Power Limited, informed the stock exchanges in a press release that the company has won a contract worth Rs. 665. crore, on Thursday.

Dalal Street Investment Journal is pleased to bring to you the much-anticipated DSIJ PSU Award. Since 2009, the birth year of this flagship issue, we have identified the efforts and the brilliant achievements of the PSUs in India and we yet again present to you our celebrated PSU Journal. 

All of us aspire to create wealth over time so that there are sufficient financial resources at every stage of our lives.