We expect the buying interest to emerge around the 12,045-12,120 levels as it is a crucial support level for the index in the near term. On the higher side, the level of 12,230-12,250 is likely to act as a resistance area. Stocks in news: Biocon, Glenmark Pharmaceuticals, Bharti Airtel, PEL, ZF Steering Gear India, Vodafone Idea.

The outlook for the day is a flat to positive start as SGX Nifty trade with gains of 30 points at 12,221 levels. However, it would be interesting to see whether or not markets hold its initial gains or traders will use pullback rally to take profit off table and initiate short positions.

The following stocks will be in focus during Wednesday’s trading session in the light of their result announcements: Asian Paints, Axis Bank, Raymond, Larsen & Toubro and SBI Life Insurance Company.

Dish TV and Airtel Digital TV have stalled their merger over differences of the company’s structure, according to reports. However, Bharti Airtel’s Direct-to-Home (DTH) arm-Airtel Digital TV continues to offer its shares, post local reports on a possible merger last year.

BSE Sensex ended at 41,323.81, down by 205.10 points or 0.49 per cent after trading in a range of 41,301.63 and 41,532.59. There were 9 stocks advancing against 21 stocks declining on the index.

The stock of Prestige Estate Projects Limited has formed a dark cloud cover candlestick pattern on daily scale. The dark cloud cover is a bearish reversal candlestick pattern, which usually occurs when a bearish candle on day 2 closes below the middle of day 1’s candle.

Axis mutual fund has announced the launch of its newly open-ended equity scheme- Axis ESG Equity Fund. Read on to find details.

Spencer’s Retail, a chain of retail stores headquartered in Kolkata (West Bengal) jumped more than 19 per cent on Tuesday after the company informed that veteran Mumbai businessman and founder of Avenue Supermarts Ltd, Radhakishan Damani picked up over 2 per cent stake in the company during December quarter.

There are various portfolio strategies available, in which, permanent portfolio strategy is quite talked about. So, what is this strategy all about? Let’s find out!

The shares of Apollo Tricoat Tubes Limited jumped more than five per cent to record a new 52-week high on Tuesday, after the company reported 86 per cent QoQ rise in the net profit at Rs 17.5 crore for December quarter of the current fiscal year-Q3FY20.

Info Edge (India) Limited, which has about 23 per cent stake in Zomato, announced that Zomato Media Private Limited acquired the Indian business of Uber Eats in an all-stock deal that will give Uber 9.99 per cent stake in the Indian food delivery and restaurant discovery platform.

Looking at the current liquidity crunch and slow credit off-take in the infrastructure segment, the fund-raising will be a very important trigger for the company. The company, which has already faced de-growth in disbursement and its consolidated gearing, stood high due to a delay in equity-raising activity.

As the promoters increased their stake, the stock price of these companies have also delivered stellar return in the last quarter

The market opened in the red on 21st January, overall volumes in futures & options currently stand at 1,75 crore contracts with a turnover of Rs. 12,81,508.03 crore.

The net returns of the sugar stocks have been robust since end of the second quarter of current fiscal. The average returns of sugar stocks since September 2019 to January, 2020 stood at 30 per cent, as against 21 per cent gain over Sensex, during the same period. 

The market opened in the red on 21st January, overall volumes in futures & options currently stand at 1,75 crore contracts with a turnover of Rs. 12,81,508.03 crore.

National Buildings Construction Corporation (NBCC) Limited has received a Letter of Acceptance (LoA) from Central Coalfields Limited (CCL) worth Rs 720.32 crore, to provide Project Management Consultancy (PMC) services for the construction of smart township/colony roads, network and other road, service buildings and other allied jobs related to mines for Magadh and Amrapali area (Jharkhand).

The market opened in the red on 21st January. The previous day witnessed the Sensex going down by 416.46 points to end at 41,528.91 and the Nifty was down by 127.80 points to close at 12,224.55. 

The market opened in the red on 21st January. The previous day witnessed the Sensex going down by 416.46 points to end at 41,528.91 and the Nifty was down by 127.80 points to close at 12,224.55. 

Alembic Pharmaceuticals’ API facility located at Karkhadi was inspected by US Food and Drug Administration (USFDA) from January 13-17, 2020.

The zone of 12,200-12,216 would be a good support for the index and failure to hold this support, could open doors for further correction towards gap area of January 9 (12,132-12,045). Stocks in news: NBCC, Bharti Airtel, Info Edge, Balrampur Chini Mills.

In the last session, Indian benchmark indices tumbled from record highs to close with deep cuts. However, with yesterday’s landslide, the market participants will be anxious to know what’s in store for the markets today! The International Monetary Fund (IMF) lowered India’s economic growth forecast to 4.8 per cent for this fiscal year, citing the crisis in the non-banking financial sector and weak rural demand.

The following stocks will be in focus during Tuesday’s trading session in the light of their result announcements: Zee Entertainment Enterprises, Havells India, HDFC AMC, Polycab and Granules India.

Cipla announced that it has received Establishment Inspection Report (EIR) which indicates the closure of the inspection by United States Food and Drug Administration (USFDA) at its Patalganga (Maharashtra) manufacturing facility.

The shares of Prestige Estate Projects Limited moved up by almost 10 per cent on Monday, after the company’s wholly-owned subsidiary, Prestige Falcon Realty Ventures Private Limited (PFRVPL), acquired 50 per cent stake in Lokhandwala DB Realty LLP.

Considering the daily time frame, the banking benchmark index, Bank Nifty is trading in head and shoulders pattern since the last 44 trading sessions. The head and shoulders pattern formation occurs when a market is in a bullish trend.

The stock of Avenue Supermarts Limited forms a bearish engulfing candlestick pattern of the daily time frame.

BSE Sensex ended at 41,528.91, down by 416.46 points or 0.99 per cent after trading in a range of 41,503.37 and 42,273.87. There were 9 stocks advancing, against 21 stocks declining on the index.

Recently, the Association of Mutual Funds in India (AMFI) has proposed a few points for the Budget 2020 to aid Indian mutual fund industry towards growth. Let’s find out what are they!

On Monday, Bharati Airtel announced a partnership with Google Cloud to offer G Suite to Small and Medium-sized Business (SMBs) in India as part of its integrated Information and Communications Technology (ICT) portfolio, thus helping to serve the evolving need of millions of Indian businesses in a rapidly digitising economy.

The shares of Lupin Limited, a multinational pharmaceutical company based in Mumbai (Maharashtra), went down by around four per cent on Monday.

On the global front, US dollar strengthened as economic data pointed to strength right across the US economy, reducing the likelihood of any further interest rate cuts by the Federal Reserve.

The market opened in the green on 20th January making new all time high and breaching 12400 mark for the first time ever, overall volumes in futures & options currently stand at 1,14 crore contracts with a turnover of Rs. 8,37,592.91 crore.

The market opened in the green on 20th January making new all time high and breaching 12400 mark for the first time ever, overall volumes in futures & options currently stand at 1,14 crore contracts with a turnover of Rs. 8,37,592.91 crore.

The market opened in the green on 20th January making new all time high and breaching 12400 mark for the first time ever. The previous day witnessed the Sensex going up by 12.81 points to end at 41,945.37 and the Nifty was down by 3.15 points to close at 12,352.35. 

HDFC Bank reported a 32.8 per cent YoY rise in the net profit to Rs 7,416.50 crore for the third quarter ended December 31, 2019, driven by interest and non-interest income.

The market opened in the green on 20th January making new all time high and breaching 12400 mark for the first time ever. The previous day witnessed the Sensex going up by 12.81 points to end at 41,945.37 and the Nifty was down by 3.15 points to close at 12,352.35. 

The aggregate enterprise value of the said transaction is valued approximately Rs 290 crore. The completion of the transaction is subject to fulfillment of certain conditions precedent as agreed in the SPA.

The trend is upward but the momentum is waning and as long as Nifty trades above 12,270, it will continue with positive bias. Any close below 12,270, may lead to a reasonable correction initially to the gap area of January 9. Stocks in news: Lupin, PNC Infratech, ITI, Mercator, Godawari  Power & Ispat.

The start to the fresh week is likely to be on a flat note for the Indian markets, as early cues from SGX Nifty indicates that markets may open with modest gains of 16 points at 12,398 levels. Last week, the bulls lacked that gush after a strong start, despite hitting all-time highs, as we approached the end of the week.

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

The board of directors of Dishman Carbogen Amcis on January 16, 2020, approved the buyback of fully paid-up equity shares by the company having a face value of Rs 2 each. On Friday, the stock dipped by nearly 9 per cent from its intraday high level.

On Friday, the stock has given a neckline breakout of the double bottom pattern. This breakout was confirmed by the above 50-day average volumes. With this pattern breakout, the stock has also managed to close above their long-term moving averages that are, 100-day EMA and 200-day EMA.

The benchmark indices were also supportive with BSE-200 and BSE-500, gaining 1.42 per cent and 1.13 per cent each during the week. Emami emerged as the highest gainer with a gain of 15 per cent at Rs 351 on Friday.

The following stocks will be in focus during Monday’s trading session in the light of their result announcements: Chennai Petroleum Corporation, HDFC Bank, Cupid, Jindal Steel & Power and Goa Carbon.

The company had mentioned about its plan of FPO after the second quarter numbers of the current fiscal. In a statement to the stock exchanges, the company stated that the public offering is intended towards raising funds by issuing equity shares of face value of Rs 10.

Indian equity benchmarks ended the lacklustre day of trade flat on Friday, with frontline gauges swinging between red and green terrain throughout the session, despite a strong trend seen in other Asian markets.

The stock of Torrent Power Limited has given a breakout of downward sloping channel. This breakout was confirmed by the above 50-week average volume.

Money market funds are one of the closest substitutes to your bank savings account. Read on to find where you can use them.

Shriram Transport Finance Company (STFC) announced that it has managed to raise $500 million out of $ 3 billion raising plans, which was earlier approved by its board. The company completed the allotment through senior secured notes.

As every coin has a flip side, mutual funds are not different in that sense. Fund managers not only buy but also sell. It becomes equally important to know what they are selling. So, let’s find out!

The partially convertible currency is currently trading at 70.97, weaker by 4 paise from its previous close of 70.93 on Thursday. The currency touched a high and low of 71.00 and 70.94, respectively.

The telecom companies’ face a big blow as the apex court of the country ruled out its review petition for Adjusted Gross Revenue (AGR) verdict given on October 24, 2019.

On Friday, Kalpataru Power Transmission Limited (KPTL) announced that its wholly-owned subsidiary Alipurduar Transmission Limited (ATL) has successfully connected 'Element 1' or the Alipurduar to Siliguri Line with the interconnection facilities of the grid.

The market opened in the red on 17th January, overall volumes in futures & options currently stand at 4.66 crore contracts with a turnover of Rs. 32,27,320.73  crore

The market opened in the red on 17th January, overall volumes in futures & options currently stand at 4.66 crore contracts with a turnover of Rs. 32,27,320.73  crore.

The market opened in the red on 17th January. The previous day witnessed  the Sensex going up by 59.83 points to end at 41,932.56  and the Nifty was up by 12.20 points to close at 12,355.50.

The consolidated revenue for the quarter Q3FY20 came in at Rs 533.6 crore, as against Rs 417.35 crore in the corresponding quarter last year, registering 27.9 per cent YoY increase. In this quarter, domestic business grew by 35 per cent YoY and international sales by 24 per cent YoY.

The market opened in the red on 17th January. The previous day witnessed  the Sensex going up by 59.83 points to end at 41,932.56  and the Nifty was up by 12.20 points to close at 12,355.50. 

The Supreme Court of India has lifted the suspension of Environment Clearance (EC) imposed on the construction of a new greenfield airport at Mopa (Goa) of GMR Goa International Airport Limited (GGIAL), which is a subsidiary of GMR Infrastructure Limited.

A close below 12,270 may provide some bearish signs for the short-term. As long as it does not close below the prior bar low, be with the positive bias for the target of 12,400 and above. Stocks in news: Rallis India, Shriram Transport Finance, GMR Infrastructure, Premier Explosives, Nilkamal.

In the previous trading sessions, markets celebrated the phase 1 of the trade deal but that did not last long as the markets gave away most of its gains. As we enter the final trading session of the week, the SGX Nifty is trading flat and is likely to be cautious ahead of the weekend.

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Street Talk

If one recalls the commercial ad of the well-known amusement park-Essel World, it says ‘Essel World mein rahunga main, ghar nahi nahi jaunga main!’

The following stocks will be in focus during Friday’s trading session in the light of their result announcements: Tata Consultancy Services, HCL Technologies, L&T Finance Holdings, Reliance Industries and ICICI Lombard General Insurance Company.

On Thursday Wockhardt announced that the Drug Controller General of India (DCGI) has approved two of its new antibiotics, EMROK (IV) and EMROK-O for acute bacterial skin and skin structure infections, including diabetic foot infections and concurrent bacteraemia, thereby, becoming the first Indian company to achieve approval for newly-discovered antibiotics.

On Thursday, Alphageo announced that it has received Notification of Award (NOA) from the Oil and Natural Gas Corporation Limited (ONGC) for two contracts worth Rs 43.23 crore and Rs 68.75 crore.

We have considered BSE 500 companies and listed down top five companies in which promoters have increased their stake as well another set of top five companies in which promoters have decreased their stake in the quarter ended December 31, 2019.

BSE Sensex ended at 41932.56, up by 59.83 points or 0.14 per cent after trading in a range of 41,812.28 and 42,059.45. There were 12 stocks advancing, against 18 stocks declining on the index. The broader indices ended in green; the BSE mid-cap index rose 0.78 per cent, while small-cap index was up by 0.78 per cent.

Databank of top-ranked equity funds based on DSIJ's proprietary research methodology.

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. 

MF Select- 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. 

Data Bank

Market fluctuations and near-term negative returns have always remained temporary and as time progresses; they do get adjusted in one’s portfolio returns and builds a good experience.

There is a tectonic shift happening in the asset management industry, all over the world. Passive investment is attracting more and more funds compared to active funds. In one of the reports by Emerging Portfolio Fund Research (EPFR),

The last few years have been difficult for most of the mutual fund investors. Their investments in mutual fund schemes through Systematic Investment Plan (SIP) have generated lesser returns compared to very safe, fixed deposits in banks.

If you are a serious investor and follow an asset allocation method to decide the asset mix for your portfolio, you would typically have equity, debt, and gold in it. While asset allocation helps in diversifying your portfolio, each of these asset classes requires a different investment strategy to stay on course, advises Hemant Rustagi, CEO, Wiseinvest Advisors.

The shares of Jet Airways (India) hit lower circuit on January 16, 2020 (Thursday) amidst reports that the Indian multi-industry, Hinduja Group, which had expressed their interest of investing in this airline earlier, has now backed out on the grounds that it found ‘no value’ in the company.

The investments in the portfolio must be periodically aligned with the risk profile. Dynamic asset allocation funds, like balanced advantage fund, asset allocator fund, etc., allow you to maintain a prudent asset allocation strategy based on the relative valuations.

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

Please suggest me the Best SIP and Mutual fund to invest.

The market has a way of always rewarding the patient investor. But that’s if he or she is sitting on the right investments. At the same time, there are opportunities galore for discerning investors exploring the next prospect

In this edition, we have reviewed Tata Power Company and BHEL. We suggest our reader-investors to HOLD in Tata Power Company and BHEL

QueryBoard

I sold a residential flat during the current financial year 2019-20.

The market opened flat on 16th January. The previous day witnessed  the Sensex going down by 79.90 points to end at 41,872.73  and the Nifty was down by 19 points to close at 12,343.30.  

ROIC is a highly reliable and useful metric to consider when measuring investment quality. It is not readily available like other popular ratios and it takes a bit of work, but once investors start figuring out ROIC, they can be better armed to pick out stocks with great value, suggests Anthony Fernandes