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.

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

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

Estate planning is an important aspect of financial plan. Therefore, it is always advisable to go for estate planning as part of your overall financial planning.  

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.

When we ask the question whether HNIs need financial planning? Then without a second thought, the answer that comes to mind is ‘no’. Let's find out if this is true.

Following stocks are close to their 52-weeks low as at 2:25 p.m. on May 9, 2019.

The markets on May 9, 2019 opened gap down. BSE Sensex is trading at 37,488.11, down by 301.02 points and the Nifty is trading at 11,276.05, down by 83.40 points. 

I have made a public appeal for contribution/donation for medical treatment of my son as I cannot afford his medical treatment. There was a good response and I am likely to receive around Rs.10 lakh. The cheque will come in my name or my son’s name. The issue for your consideration is whether such money collected and spent for medical treatment is chargeable to tax under the Income Tax Act?

Infrastructure development paves the way for rapid economic development of country. Pratap Padode provides an overview of the infrastructure development during the 5-year reign of the Modi government

Contra investing is one of the most difficult and yet one of the most rewarding exercises in the equity markets. Yogesh Supekar explains the nuances of contra investing and, along with DSIJ research team, identifies contra investing opportunities in the current market scenario...

Is it the right time to buy Eveready Industries as it is a beaten down stock?

According to DGCA India, passengers carried by domestic airlines during Jan-Mar 2019 were 354.53 lakhs. 

Review on 1 stock recommended in past.

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

Some of the key takeaways from FII actions can be used smartly while constructing a diversified portfolio. Advait Dharmadhikari observes the trend in FII investments in the Indian markets and identifies the sectors that FIIs are overweight on...

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

In the housing finance business, quality of underwriting remains a key concern due to severe competition in this space. Also, the asset quality must be maintained while continuing to chase growth. A robust mechanism for collection is also important to avoid write-offs.

Buy and hold strategy may give you good explains how DSIJ market returns. switching funds at regular interval can generate superior returns.

Lupin Limited has announced that it has entered into a definitive distribution agreement with Aptissen S.A. Under this agreement, Aptissen has granted Lupin with the exclusive rights to market, distribute and sell the current Aptissen products in Canada.

The Indian stock markets are becoming more and more tricky and volatile since past five weeks. As we are nearing the event risk of general election mandate, market participants are becoming indecisive regarding their new investments and it is reflecting in the price action.

Plan For Your Retirement Wisely!

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.

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.

Glenmark Pharmaceuticals announced positive results from a Phase 3 study of Ryaltris, an investigational fixed-dose combination nasal spray for the treatment of seasonal allergic rhinitis(SAR). 

Adani Group is said to be negotiating an approximately Rs. 1,500 crore deal with Kalpataru Power Transmission Limited (KPTL) for four of its transmission lines.

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

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 contest between bulls and bears in the equity markets is getting tougher than the IPL cricket matches, all thanks to the election outcome uncertainty and the fluctuations in the international crude oil market.

The financialisation of savings has led to the emergence of various financial products in the investment space. analyses the three most prominent among them DSIJ and elucidates their differences and their suitability to different types of investors.

The outlook for the monsoon has been positive. Which sectors can be added to the portfolio to benefit from this prediction?

The market has started showing signs of nervousness before the election result and has thus become volatile.

The BSE benchmark Sensex is down almost 4 per cent from its recent all-time high of 39,275. Long term investors should see this correction as an opportunity to enter the markets as history has shown that no election results have impacted the markets in the long run. Poor earnings this season, renewed trade war fears and lack of liquidity in the markets have created headwinds for the markets in the short run. Such pessimism should be used smartly to enter markets.

Your cover story on 'Financial Planning' was an eye-opener as a financial plan for me meant only making investments. 

A journey of 1000 miles begins with a single step. The recent step taken by Franklin Templeton India, one of the largest asset management companies (AMC) in India, will help mutual fund investors to earn more on their investments.

Overall volumes in futures & options currently stand at 1.98 crore contracts with a turnover of Rs. 13,24,483.37 crore.

Overall volumes in futures & options currently stand at 1.98 crore contracts with a turnover of Rs. 13,24,483.37 crore.

The momentum indicators on the shorter time frame are slightly oversold and this may result in minor bent towards the 11,420-11,450 level. On the downside, if Nifty slips below the Wednesday’s session low of 11,347, then it may go down all the way up to the level of 11,300, followed by 11,220. Stocks in news: Yes Bank, Dilip Buildcon, TVS Motor, Bharat Financial Inclusion, Hindalco Industries.

Indian indices seem to be running out of luck for now as domestic markets are likely to witness yet another negative opening following depressing cues from Asian peers. At the time of writing SGX Nifty was trading down by 26 points at 11,376 level. Among the results to watch are Apollo Tyres, Asian Paints, Granules, HCL Technologies, MGL, OFSS, VBL and Voltas.

Satin Creditcare Network reported a consolidated net profit of Rs. 201 crore for FY19, registering a growth of 169 per cent YoY as against Rs. 75 crore in FY18 on a consolidated basis. The company reported revenues of Rs. 1,448 crore in FY19, up by 40 per cent YoY.

KEC International reported its results for the quarter ended March 31, 2019 on Wednesday after market hours. The company's consolidated revenue for Q4FY19 came in at Rs. 3,841.17 crore as against Rs. 3,662.37 crore in the corresponding quarter last year, registering 4.9 per cent yoy increase.

The stocks that are likely to witness significant movement on the bourses on May 9 are Lupin, Dilip Buildcon, Voltas, Eros International and UPL.

Market on Wednesday opened in the green but soon after the pre-opening session slipped in the red zone. Market trade around the 38,000 level for the most part of the first half of the day and then lost more ground in the afternoon session to close down by 487 points or 1.27 per cent. The biggest draggers were Tata Motors and Reliance.

The latest investors for the debt-ridden airline were a British airline, a non-resident Indian and investment firms Adi Partners, Future Trend Capital and Radcliffe Capital.

NBCC (India) has secured a total business of Rs. 361.91 crore in the month of April 2019. Earlier, the company had secured a total business of Rs. 3,031.70 crore in March 2019.

Indoco Remedies announced that it received approval from the UK-MHRA (Medicines and Healthcare Products Regulatory Agency) for its new solid dosages manufacturing facility in Baddi, Himachal Pradesh (Baddi III unit). The inspection was held from October 16 to 18, 2018.

We have found some mid-cap stocks that outperformed and underperformed in the month of April as compared to the mid-cap index. Read on to find out more....

Gujarat-based pipes and tubes manufacturer, Ratnamani Metals & Tubes Limited informed in the exchange through a filing that the company has secured a new order for CS coated pipes.

Natco Pharma’s marketing partner Alvogen has received final approval of Abbreviated New Drug Application (ANDA) from USFDA for Nitroglycerin Sublingual Tablets USP, 0.3 mg, 0.4 mg, and 0.6 mg.

Following stocks are close to their 52-weeks low as at 12:51 p.m. on May 8, 2019.

The markets on May 8, 2019 opened gap down. BSE Sensex is trading at 37,999.34, down by 277.29 points and the Nifty is trading at 11,418.65, down by 79.25 points. 

Neogen Chemicals Limited has made a strong debut on BSE by getting listed with 16.7 per cent premium.

Trigyn Technologies Limited has informed the bourses that UNAIDS has signed a non-exclusive Long-Term Agreement (LTA) with its wholly-owned subsidiary Trigyn Technologies Inc. for providing open source IT services like Drupal/PHP and Django/Python.

Overall volumes in futures & options currently stand at 1.45 crore contracts with a turnover of Rs. 9,81,837.10 crore.

Overall volumes in futures & options currently stand at 1.45 crore contracts with a turnover of Rs. 9,81,837.10 crore.

The level of 50-EMA, which is placed around 11,436, is likely to act as an immediate support level and sustaining below this level may take the Nifty all the way down up to the level of 11,370. On the higher side, the level of 11,550 is likely to act as a strong resistance. Stocks in news: HCL Technologies, Trigyn Technologies, Vakrangee, Biocon, IDBI Bank, Dewan Housing Finance, FDC.

The global markets present a fairly scary picture with markets across the US and Europe succumbing to selling pressure. The SGX Nifty is under pressure and indicates lower opening in store for the Indian markets. At the time of writing, SGX Nifty was trading down by 63 points at 11,475 level. Some of the key results scheduled today are Titan and Shriram Transport Finance.

Mumbai-based plastic packaging manufacturer, Essel Propack Ltd, posted its Q4FY19 results on Tuesday. The company saw steady growth in revenue and net profits.

Revenue from agri machinery, construction equipment and railway equipment grew by 12.5 per cent, 10.2 per cent and 36.1 per cent, respectively, on a YoY basis.

The drug is a generic version of Emend for Injection, 150 mg single-dose vial of Merck Sharp & Dohme Corp. The injection helps prevent nausea and vomiting caused by cancer drug treatment (chemotherapy).

Capgemini has signed an alliance partnership agreement with Majesco following which the stock was buzzing on Tuesday

Wipro announced that the company has partnered with enterprise blockchain software firm R3 and has developed a blockchain-based solution prototype to enable digital currency for inter-bank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in Thailand.

The stocks that are likely to witness significant movement on the bourses on May 8 are Lupin, Alembic Pharmaceuticals, Larsen & Toubro Infotech, JK Paper and Jyothy Laboratories.

Market held its fort until lunch hours on Tuesday but could not sustain and started slipping in the afternoon session and tanked more than 300 points in the last half an hour of trade. Rise of crude oil prices in the international market led to negative sentiments hit the stocks of oil retailers led by Reliance.

The company's consolidated revenue for Q4FY19 came in at Rs. 434.98 crore as against Rs. 362.56 crore in the corresponding quarter last year, registering a 20 per cent YoY increase.

Following stocks are close to their 52-weeks low as at 2:44 p.m. on May 7, 2019.