NCLAT on Thursday approved ArcelorMittal’s bid of Rs. 42,000 crore for Essar Steel India and also ruled that the resolution professional (RP) and not the CoC has to decide on the distribution of amount between financial creditors and operational creditors.

Sentiment Indicators.

The stocks to watch out for July 5 include IndiaMart, McLeod Russel, Kolte-Patil Developers, Gravita India, Quess and Thomas Cook.

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

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

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

Everyone wants to get rich and lead a comfortable life. Nevertheless, very few of them possess that attitude. There are a few common mistakes, which if we avoid will help every one of us to create wealth that is long lasting.

Data Bank

Following stocks are close to their 52-weeks low as at 2:28 p.m. on July 04, 2019.

Zee Entertainment Enterprises Ltd, (ZEEL) which is recently in news for concerns over promoter share pledges, is in advanced talks with James Murdoch family office, LupaSystems, Blackstone and Atairos for a possible structured deal.

The markets on July 04, 2019 opened flat. BSE Sensex is trading at 39,879.63, up by 40.38 points and the Nifty is trading at 11,939.25, up by 22.50 points. 

Chandigarh-headquartered company Steel Strips Wheels Limited (SSWL) reported total sales decline of 10 per cent for the month of June on a year-over-year (YoY) basis.

PPFAS Mutual Fund, has launched Parag Parikh Tax Saver Fund, an open-ended equity linked saving scheme. Read on to find out whether you should subscribe or not.

Query Board

Portfolio Advisory Service or PAS is a unique product which targets maximum returns with minimum efforts. Let us tell you what makes our PAS subscription so special and in what ways do we bring value to our esteemed PAS members. 

In this edition, we have reviewed ITD Cementation and Trident Ltd. We suggest our reader-investors to HOLD in ITD Cementation and Trident Ltd

The stock of life insurance companies have been in the limelight light on the bourses lately. Out of this pack, our sources suggest that the stock of HDFC Life Insurances still has some steam left. There are multiple tailwinds for the stock.

The IPO market has dried up, so much so that investors are wondering whether the market still exists. Yogesh Supekar along with Shohini Nath explore what is happening in the primary market and explain why the momentum may pick up in the second half of 2019

Strides Pharma has received a warning letter from USFDA for its Puducherry facility. The United States Food and Drug Administration (USFDA) previously had classified the company’s Puducherry facility as Official Action Indicated (OAI). 

Penny stocks constitute almost 12 per cent of all the listed stocks. Geyatee Deshpande finds out how the penny stocks have performed when small-caps and mid-caps have struggled in the past couple of years.

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.

The current situation of the equity market is making investing in stocks difficult. There is no clear trend that is emerging.

There are hundreds of chart patterns available to trade profitably. Which patterns are more accurate and should be followed is something best left to the experts. Vinayak Gangule identifies the trend reversal patterns that you can profit from. 

Wealth creation is an important goal for every investor. It requires investors to follow an asset allocation model and a disciplined investment approach to keep investments on track through their defined time horizons.

Presently, the company has an order book of Rs. 5,152 crore. The focus will be on executing the same with the intention of lowering receivables. The management also intends to focus on overseas orders of MIS and plastics, which are secured and will entail a receivable cycle of 90 days. 

Building a mutual fund portfolio is the starting point of a long journey towards achieving your financial well-being. DSIJ explains in detail the importance of reviewing your portfolio and more importantly the specifics you should keep in mind while reviewing your portfolio.

Market awaits Union budget for direction

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. 

The total corpus of mutual funds has increased due to the large inflows from non-corporate investors after demonetisation. The absolute growth between September 2016 and March 2019 is around 50.6%. The major chunk of the growth has come from equity corpus and non-corporate debt corpus. Both the segments registered 118% and 41% absolute growth.

This section gives a recommendation of a stock having stock margin padding price below Rs 100 with sound fundamentals and expected to give handsome returns over a one-year time horizon

Multi-Cap funds invest across categories of equity like large-cap, mid-cap and small-cap and that too in a proportion which the fund manager feels suitable. However, what if you create a portfolio of large-cap, mid-cap and small-cap funds? DSIJ studies and explains what should be your approach, i.e., whether to go for multi-cap funds or create a personalised portfolio of large-cap, mid-cap and small-cap funds.

Overall volumes in futures & options currently stand at 1,40,29,793 contracts with a turnover of Rs.9,80,052.00 crore.

Overall volumes in futures & options currently stand at 1,40,29,793 contracts with a turnover of Rs.9,80,052.00 crore. 

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

I read a report that states there will be bigger defaults by IL&FS in October 2019, which would be to the tune of 91,000 crore.

OPEC+ members formalised and extended their existing 1.2 million barrel per day output cuts to further support the elevated price of oil for another nine months. However, the effect of this output cut was a steep decline in crude oil prices. This is good news for Indian equity markets as lower crude prices bode well for the Indian economy. 

I am your old subscriber of the magazine. I have observed that your suggestions and advise is mostly spot on. In the current market situation, do you think the delayed onset of monsoon will affect the movement of small-cap stocks and also agri-related stocks? 

By the time this issue reaches you, the “most-awaited Union budget” would have been released already and the markets will be taking cues from the specific proposals and the overall contours of the budget. Mostly, the budget should set a bullish tone, thus pushing the markets to all-time highs. 

E-commerce company Indiamart Intermesh debuts on the stock market at a price of Rs. 1,180.00 per share against its issue price of Rs. 973 per share on Thursday. The stock was trading more than 35 per cent premium to its issue price in the morning session.

"The ethical is always more robust than the legal. Over time, it is the legal that should converge to the ethical, never the reverse," wrote Nassim Nicholas Taleb, author, Skin in the Game.

The 12,000 mark is likely to play out as a crucial resistance zone. On the downside, immediate support is seen around the 20-DMA (11,826) and as long as bulls manage to hold on to the 20-DMA, maintain a positive bias and 'buy on dips' strategy should be adopted. Stocks in news: Prime Focus, Mcleod Ruseel, Jindal Steel, JB Chemicals and Pharmaceuticals.

Tracking the strong leads from the US markets overnight and Asian peers, the indices are set to open on a positive note. At the time of writing, SGX Nifty was trading higher by 10 points at 11,958 level.

Lupin has received approval for its Phenylephrine and Ketorolac Intraocular Solution from USFDA. The shares of the company however traded in red reacting to the news, on Wednesday.

Several attempts have been made at studying the wealth necessary for happiness. These studies warrant consideration not because they agree on a specific number, but because they attempt to measure how much is necessary to be financially free.

The company has received an additional export order for 80,000 steel wheels for the EU Caravan trailer market. The company expects a record quarterly volume in Q2FY20.

In the latest government auction, Vedanta has won 10 oil and gas (O&G) exploration blocks and ONGC has won 8. Reacting to the development, the shares of ONGC gained, while Vedanta slid.

The stocks to watch out for July 4 include Lupin, Kotak Mahindra, GAIL, Steel Strips Wheels and Tech Mahindra.

USFDA has given the final approval to Zydus Cadila to market Misoprostol Tablets, 100 mcg and 200 mcg. The drug will be manufactured at the group’s formulations manufacturing facility at SEZ, Ahmedabad.

GAIL (India) Ltd. successfully commissioned the 165 km Gorakhpur project under the Pradhan Mantri Urja Ganga (PMUG) national gas pipeline project.

Asian Granito India Ltd (AGIL) received a hearty response from the dealer meet organised during June 16 to July 2, 2019. The company has landed orders to the tune of Rs. 175 crore.

Dr. Reddy’s Laboratories Limited has announced the launch of Carboprost Tromethamine Injection USP, 250 mcg/mL (1mL) Single-dose Vial, a therapeutic equivalent generic version of Hemabate injection, 250 mcg/mL, approved by the US Food and Drug Administration (USFDA).

Kotak Mutual Fund, has launched Kotak Focused Equity Fund, an open-ended equity scheme. Read on to find if you should subscribe

Emotions are something which drives human behaviour and in turn their decisions. Let’s find out which emotions may disrupt your personal finances.

The USFDA has successfully completed the inspection of JB Chemicals & Pharmaceuticals Limited's (JBCPL) newly set up and commissioned solid oral dosage formulation manufacturing facility at Panoli, Gujarat.

Following stocks are close to their 52-weeks low as at 1:08 p.m. on July 03, 2019.

Kalpataru Power Transmission Limited (KPTL) has entered into binding agreements with CLP India Private Limited to sell its stake in 3 power transmission assets for an estimated enterprise value of Rs. 3,275 crore.

The markets on July 03, 2019 opened gap down. BSE Sensex is trading at 39,868.47, up by 51.99 points and the Nifty is trading at 11,919.95, up by 9.65 points. 

Overall volumes in futures & options currently stand at 1,37,43,435 contracts with a turnover of Rs.9,65,185.21 crore.

Overall volumes in futures & options currently stand at 1,37,43,435 contracts with a turnover of Rs.9,65,185.21 crore.

Sustaining above the level of 11,920 will take the index towards the 12,000 level. On the downside, the 20-DMA is likely to act as a strong support, which is placed around 11,832 level. Stocks in news: Tourism Finance Corporation of India, Uco Bank, Allahabad Bank, Aditya Birla Fashion and Retail, Kalpataru Power Transmission, Graphite India.

The Indian benchmark indices are expected to open on a flat note as cues from Asian peers are negative. At the time of writing, SGX Nifty was trading up by 19 points at the 11,962 level.

Erickson Incorporated has selected Ramco Systems to implement its Aviation M&E MRO Solution V5.8. The stock of Ramco Systems gains over 8 per cent intraday.

KPTL to acquire 19.94 per cent stake in Shree Shubham Logistics for consideration of Rs. 64.66 crore by signing a definitive agreement with Tano India Private Equity Fund II (Tano).

Strides Pharma has received a warning letter from USFDA for its Puducherry facility. Reacting to this development, the stock of the company fell by 4 per cent.

The stocks to watch out on July 3 include Hexaware Technologies, Graphite India, Panorama Studios, Rathi Graphic Technologies and KPTL.

The company had filed a plea in the Supreme Court with regards to the cancellation of PPA with Gujarat Urja and the same has been allowed by the court. The stock of Adani Power traded close to its upper circuit limit of 10 per cent on Tuesday.

Rallis India has received a communication from the Gujarat Pollution Control Board (GPCB) directing the company to suspend its operations at one of its units in Dahej, Gujarat.

Cox & Kings is looking to take necessary steps to fix the temporary cash flow mismatch, while the company's stock continued its downward spiral. The company will also approach lenders to work out a 'time-bound' solution to this emergency, informed the company in a filing.

When you look at your credit report and it shows a low credit score, it’s time to rethink on how you manage your credit. There are some ways which may help you to boost your credit score. Let’s find out.

Sadbhav Infrastructure Project Limited (SIPL), subsidiary of Sadbhav Engineering, has entered into a definitive agreement with IndInfravitTrust for sale of the entire shareholding of SIPL in nine operational road projects.

The company’s order book as on FY19 was at Rs. 7,407 crore which translates to a book-to-bill of 3.3x on FY19 revenue giving strong revenue visibility for the next 3-4 years.

Following stocks are close to their 52-weeks low as at 12:58 p.m. on July 02, 2019.

The markets on July 02, 2019 opened down. BSE Sensex is trading at 39,593.05, down by 93.45 points and the Nifty is trading at 11,833.45, down by 32.15 points. 

Alembic Pharmaceuticals Limited has received USFDA approval for its Abbreviated New Drug Application (ANDA) Febuxostat Tablets, 40 mg and 80 mg.

The Organization of Petroleum Exporting Countries (OPEC) will hold a meeting on Tuesday, July 2 with its allies and Russia to decide on a production cut. Market participants are expecting that OPEC will decide to extend the oil production cut for another nine months period.

Overall volumes in futures & options currently stand at 83,76,552 contracts with a turnover of Rs.5,91,774.05 crore.

The rating company's board has placed ICRA's Managing Director and Chief Executive Officer Naresh Takkar under forced leave with immediate effect. The stock reacted strongly to the development and slipped by more than 5 per cent in the morning session on Tuesday.

Overall volumes in futures & options currently stand at 83,76,552 contracts with a turnover of Rs.5,91,774.05 crore.

The last week’s high of 11,911 is likely to act as an immediate hurdle, followed by the 12,000 level. On the downside, Monday’s session low of 11,830 is likely to act as an immediate support. Stocks in news: Cox & Kings, ONGC, Shree Rama Newsprint, Vikas WSP, Karnataka Bank, HCL Technologies, Apollo Pipes, Prakash Industries, Bharti Airtel, Nitin Spinners.

The outlook for the Indian markets is a flat start with a positive bias. At the time of writing, SGX Nifty was trading higher by 15 points at 11,917 level.

The stocks to watch out on July 2 include TATA Teleservices (Maharashtra), Alembic Pharmaceuticals, Nitin Spinners Ltd., SML Isuzu, SpiceJet and Zensar Technologies.

The major revenue of Pokarna comes from the US markets (nearly 98 per cent) and quartz contributes nearly 68 per cent to overall revenue. The United States International Trade Commission (USITC) has determined a reasonable indication of material impact on the US market owing to the import of quartz from India and Turkey which may lead to the imposition of anti-dumping duty on quartz.

Indian equity market gained handsomely following global cues. The governments of US-China agreed to set aside newly proposed trade tariff hikes and continue to resolve trade difference through talks. The news was cheered by Indian investors.

Hyderabad-based construction company NCC made a stock exchange filing notifying about its fresh order book for the June 2019, on Monday.

With these three projects, GE Power will treat approximately 35 million cubic meters per hour of flue gas and will reduce up to 1,08,400 tons of SO2 per year to meet India’s latest thermal power plant emission norms for SO2.

Many people start implementing their financial plan but due to time constraints, some of the actions are left undone. Now its time to review your personal finances with a mid-year financial check-up.

However, despite weak auto sales numbers, the NIFTY auto index was up by nearly 1.4 per cent or 108.4 points from its previous close. The stock of Bajaj Auto and Eicher Motors were up by more than 2 per cent. While Ashok Leyland and Maruti were trading at a flat note.

Following stocks are close to their 52-weeks low as at 2:05 p.m. on July 01, 2019.

The markets on July 01, 2019 opened up. BSE Sensex is trading at 39,657.62, up by 262.98 points and the Nifty is trading at 11,861.00, up by 72.15 points. 

The leading construction company has secured an order inflow of Rs. 262.23 crore for FY19-20, as of the end of June. The new order wins are for construction of institutional, commercial complexes including electrical, plumbing and firefighting works.

The company further informed that the new drug application filing is underpinned by the successful demonstration of clinical bioequivalence of Taclantis with Abraxane and associated clinical safety data.

Indian software engineers are being held response for faults in coding software of flight-test equipment for Boeing's 737 Max aircraft, by the US media. Two Indian IT firms HCL tech and Cyient have partnerships with Boeing.

Overall volumes in futures & options currently stand at 87,61,682 contracts with a turnover of Rs.6,17,277.53 crore.

Overall volumes in futures & options currently stand at 87,61,682 contracts with a turnover of Rs.6,17,277.53 crore.

Over the last couple of weeks, Nifty is trapped between the 50-DMA and 20-DMA. Traders are advised not to trade aggressively until and unless this range is breached on either side. A break of this range on either side will result in a directional momentum. Till then, Nifty will continue to consolidate in this broad range of 11,625-11,910. Stocks in news: Deepak Nitrite, Bombay Dyeing, Eveready Industries, Anatraj, Inox Leisure, Reliance Home Finance, Lemon Tree, ONGC, Kalpataru Power Transmission, Adani Power.

Monday morning promises a smiling start for the Indian markets after the US and China agreed to restart the trade talks at the G20 summit.