We expect a muted opening for the Indian markets on Tuesday on the back of lacklustre trading in Asian markets. The SGX Nifty suggests that Nifty could open unchanged at 11,584.  

The Indian key benchmark indices reclaimed all-time high level for the first time after August 9 where Nifty Metal index led the move gaining 2.5 per cent on Monday. Recently, the index broke out of the downward sloping trendline yet again on closing basis supported by volumes and 14-period RSI positive crossover cuing momentum.

Maruti Suzuki, auto major and the largest carmaker by market capitalisation has launched a premium sedan Ciaz model. The model is expected to provide a fuel efficiency of 21.56 km/litre and 28.09 km/litre in manual petrol variants and diesel, respectively. he price of the car starts at Rs. 8.19 lakh.

The stock of Goa Carbon opened gap-up and soon hit upper circuit on Monday. This upsurge in the stock was a result of the resumption of regular operations at the company's Goa plant.

Indian Hume Pipe Limited has bagged an order of Rs. 256.19 crores from Tamil Nadu Water Supply & Drainage Board, Coimbatore.

This acquisition would help Tanla Solutions become a global leader in business cloud communications. The deal is expected to close by October 2018 and is subject to approval from Tanla’s shareholders and regulators, if any.

The Board of Directors of Infosys have accepted the resignation of M. D. Ranganath, the Chief Financial Officer of the company. The stock of Infy has taken a hit from this news and was trading at Rs. 1,401 per share, down by over 2 per cent, at10:33 hours on Monday.

Ratnamani Metals & Tubes has received two new orders for supply of CS Pipes from the Oil & Gas sector. Following the development, the stock was quoting Rs. 869.65 per share, up by 1.08 per cent, at 11:46 am on Monday.

Taking cue from Fitch Ratings' commentary on the Indian economy, the benchmark indices BSE Sensex and Nifty50 are charting all-time highs. The BSE Sensex was at 38,224.93, up by 277.05 points or 0.73 per cent, while Nifty50 was comfortably trading at 11,537.10, up by 66.35 points or 0.58 per cent at 10:30 am, on Monday.

A follow-through strength and a close above the zone of 11,495-11,500 would indicate acceleration in the momentum towards the levels of 11,580-11,600 in the near term. Stocks in news: Larsen and Toubro, Infosys, Jet Airways, Goa Carbon, Fortis Healthcare, CG Power and Industrial Solutions, Navin Fluorine, Meghmani Organics and DPL.

A firm start is in the offing for the Indian markets tracking positive global cues. The bullish trend in the SGX Nifty suggests that the Nifty could open higher by 45 points at 11,523.  

All commercial banks levy a plethora of charges for providing various kinds of services to the customers. However, the customers may not even be aware of these charges unless they check up their bank accounts regularly.

Home loan is a big financial liability for a home buyer, not only because the amount involved runs into millions, if not crores, of rupees, but also because the tenure of the home loan runs into a decade or more.

Retired persons drawing monthly pension after retirement can claim various deductions and exemptions under various sections of the Income Tax Act. Let us take a look at all the exemptions and deductions available for the retirees that can help them save on their income tax.

Home loan borrowers are at a loss when it comes to deciding which one to choose between the two. Most find that the fixed rate home loans come at interest rates that are usually higher than the floating rate, so they might be instinctively tempted to go for home loans with floating rate of interest.

You have filed your income tax return (ITR) before the due date but later you find that you have omitted certain deductions for which you were eligible or have claimed wrong deductions or have committed certain errors in the ITR and, therefore, you are wondering whether you would get notice from the IT department.

Diversification is a key tenant of investing, but diversifying across fund houses may not reduce your risk further.

India is the second largest manufacturer of H-acid globally after China. This industry is witnessing a good time, following China's crackdown on local industry to lower pollution.

Sensex reclaimed 38,000 mark and hit 38,022, but could not sustain and closed at 37,948, registering 0.75 per cent gains from its previous close. With Sensex trying a bounce back, more than 20 per cent stocks listed on the index hit 52-week high on the last trading day of the week.

The company received Letter of Intents (LoIs) for installation of captive solar power projects at its manufacturing units located at Satna, Dewas in Madhya Pradesh and in Kunigal (Karnataka), Pen (Maharashtra) and Karaikal (Puducherry), on Friday.

Jet Airways has announced a limited period offer named ‘Seat Select’ sale scheme which will offer an opportunity to the passengers to select preferred seats at Rs. 200 for economy class passengers.

Ion Exchange reported that it has successfully signed a contract for engineering, procurement, supply and construction of water treatment plant worth Rs. 438.84 crore from Cairn Oil & Gas, a division of Vedanta.

IT major Tech Mahindra on Thursday announced signing a four-year technology partnership deal with a US-based football team Jacksonville Jaguars.

Trigyn Technologies’ subsidiary has won a contract to provide enterprise staffing services for Minnesota, a state in the mid-west of US. The stock of Trigyn surged more than 4 per cent at 14:33 hours, but continued with its 4-day consolidation at lower levels.

IL&FS Transportation Networks has signed a definitive agreement with Ramky Infrastructure for sale of entire stake in NAM Expressway and acquire 50 per cent stake in Jorabat Shillong Expressway, on Thursday. The stock surged more than 8 per cent during Friday’s trade, bouncing back from its 52-week low.

Many of the fund houses are coming up with the NFOs in the FMP category, that is, fixed maturity plans. In the month of July 2018, AMCs have launched more than 40 FMPs both in short and long-term tenure.

PVR announced the opening of a multiplex at SKLS Galaxy Mall, Chennai on Friday. The stock of PVR is trading up with marginal gains of 0.9 per cent at 12:00 hours. The stock of PVR has been trading in a consolidation phase for the last four trading sessions after six consecutive upbeats prior to that.

Following stocks are close to their 52-week low as at 1.03 p.m. on August 17, 2018.

The markets on August 17, 2018 opened gap up. BSE Sensex is trading at 37,951.17, up by 287.61 points and the Nifty is trading at 11,466.45, up by 81.40 points. 

Ashok Leyland has announced that it has bagged an order from Bangladesh Road Transport Corporation (BRTC) for supplying 300 Ashok Leyland buses. The order consists of Double Decker buses which would help decongest roads of Dhaka.

Fineotex Chemical reported its results for the quarter ended June 30, 2018. Fineotex Chemical consolidated revenue for the quarter came in at Rs. 42.86 crore, registering 6.5 per cent yoy increase.

Overall volumes in futures & options currently stand at 1.67 crore contracts with a turnover of Rs. 17,76,483.56 crore.

Overall volumes in futures & options currently stand at 1.67 crore contracts with a turnover of Rs. 17,76,483.56 crore.

EBITDA for the quarter rose by 19.8 per cent yoy to Rs. 21.2 crore with a corresponding margin contraction of 795 bps. EBITDA margin for the quarter stood at 15 per cent. The PAT for the quarter came in at Rs. 10.22 crore, yoy increase of 77.4 per cent.

In the last few months, mutual fund investors have been witnessing the consistency in the losses from their mutual fund investment. You must have heard many times, of late, that the Indian markets are falling due to weak global cues or due to macroeconomic aspects. 

The exchanges had asked the two companies to clarify if any stake deal is been contemplated between the companies as published in a leading newspaper which spoke of Allcargo Logistics negotiating a deal to buy a controlling stake in Gati.

On the last trading session of the week, we may see the market opening on a flat note and there is likelihood that it may continue to trade in a range before the index kicks off the next leg of the rally. Stocks in news: Maruti Suzuki India, BEML, Gati, TCS, Persistent Systems, Tree House Education and Accessories, NBCC, Astrazeneca Pharma, Lemon Tree Hotels, MCX, ION Exchange and Cosmo Films.

A quiet opening is expected for the Indian markets and we may see the markets trading in a range with stock-specific movement. The muted trend in the SGX Nifty suggests that Nifty could open unchanged at 11,421.  

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Street Talk

Technical Analysis of 1 Stock (with 15 days horizon)

Review on 2 stocks recommended in past.

Fundamental Analysis of 2 Stocks (with 180 days horizon).

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

The stocks that are likely to witness significant movement on the bourses on August 17 are Cosmo Films, V-Mart, Tata Consultancy Services, Niraj Ispat Ind. and Infibeam.

On August 14, 2018, Andhra Pradesh Capital Region Development Authority (“APCRDA”) successfully raised Rs. 2000 crores by issuing bonds on private placement basis using BSE BOND platform.

The Indian mutual fund industry is evolving very fast, thanks to the pro-active market regulator SEBI which is bringing in regulations that are pro-investor and helping the industry to grow. In one of its circulars last year, it asked the asset management companies (AMCs) to rationalise and categorise their schemes.

This is an open-ended equity scheme, which seeks to generate long-term capital appreciation by investing in small-cap companies.

The share price of Patel Engineering Company jumped about 12 per cent on Thursday after the company reported profit of Rs. 36.2 crore for the quarter ended June 2018.

Investing money is a process that requires investors to plan at the beginning and tackle the numerous challenges that may emerge periodically during their defined time horizon. This needs to be done in a manner that portfolio remains on track to achieve various short-term, medium-term and long-term investment goals.

Face Value: Actual cost of the stock assigned by the security issuer and shown in the certificate. Year: First two digits shows Year while last two digits showmonth of calender , eg. 1103 shows March 2011 results.

The following table lists top-ranked equity funds based on DSIJ's proprietary research methodology. We have evaluated each funds underlying portfolio of stocks and ranked them based on their expected portfolio returns. This way we are also able to rank newly launched funds that are not rated by others due to their short duration of existence.

This film has been specially designed to offer superior inter-layer bond strength for making multi-layer laminate structures, which in turn enhances barrier properties, said the company in a filing to the bourses.

Retail investors who procrastinate in filing their income tax returns (ITRs) till the last week of July have found another reason to delay filing their ITR. The Central Board of Direct Taxes (CBDT) has extended the due date for filing IT returns from July 31 to August 31 for the assessment year 2018-19. Individuals and entities whose accounts are not required to be audited need to file their IT returns by August 31, 2018 for AY 2018-19, without attracting any penalties. 

We are living in a fast-paced world where everyone is busy and has the scarcity of the most valuable commodity: Time. The digital revolution has exacerbated this further by opening the gates of unlimited information on the go. In this discordant and bustling environment, significant tasks get missed or messed up. Financial planning is one such activity. 

After starting on a good note this year, the markets have had a roller-coaster ride over the past six months. Markets touched all-time highs in the month of January and then frontline indices corrected by more than 10%, while the broader market indices corrected 15-20% and individual portfolios dipped even more.

Suven Life Sciences reported its results for the quarter ended June 30, 2018. The company’s standalone revenue for the quarter came in at Rs. 191.66 crore, registering 35.9 per cent yoy increase. This was mainly driven by a jump in revenue from the manufacturing segment by 35.2 per cent yoy.

It has been a challenging market environment for equity investors in CY18 so far, in spite of the indices doing well and inching up by 11 per cent on a YTD basis.

This edition was a great reading stuff for me. The way you explained the strategy to build the portfolio and the insights provided on international funds in comparison with the current market scenario has changed my approach towards mutual fund investments.

In an interesting development in the global mutual fund industry, Fidelity Investments launched a mutual fund scheme with zero expenses for retail investors in the US. In India, it is inconceivable bringing such a product into the market as expense ratio remains a bone of contention between the regulator and the MF industry, both having their own perception about the desirable level of expense ratio.

Lira, the currency of Turkey, has fallen by 40 per cent the year till date with a fear of contagion being spread to other emerging countries including India.

In the infrastructure sector, road transport plays an important role. The Bharatmala Pariyojana, is targeted at building 34800 km in Phase-1 at a cost of Rs 5.35 tn,,of which 6,320 km length of road worth ~Rs 1.44 tn has been awarded.

 The company has an order book of more than Rs. 80,000 crore in hand. This leads to book/bill ratio of 13x which is highest amongst infrastructure companies.

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 Vascon Engineers and N R Agarwal. We suggest our reader-investors to HOLD Vascon Engineers and N R Agarwa 

The stock of pharma major Dr. Reddy's Laboratories was buzzing on Thursday as market expected the company to receive US drug regulator's approval for blockbuster cancer drug imatinib mesylate.

I have 100 Ingersoll Rand shares bought at Rs 850. I have got dividend. Now the share price is Rs 490. Whats should I do ? 

Double-digit returns in the longer term is what most mutual fund investors desire for. Mutual fund investments are meant for the long-term wealth creation and investors usually invest in the schemes for achieving long-term financial goals.

The company will be engaged in execution and implementation of engineering, procurement and construction (EPC) for expansion of the Terminal Building and Airside Infrastructure Works at the Rajiv Gandhi International Airport in Hyderabad, Telangana. The expansion project will increase the airport’s capacity to handle 34 million passengers per annum.

Sun Pharmaceutical Industries Limited has received approval for CEQUA (cyclosporine ophthalmic solution) 0.09%, from the US Food and Drug Administration (FDA). CEQUA is indicated to increase the tear production in patients that suffer from the condition of Keratoconjunctivitis sicca that is, dry eyes.

Road and infrastructure builder, KNR Construction may sell four of its HAM (Hybrid Annuity Model) projects, reported a leading business daily. The company is said to be in talks with private equity firm Brookfield and Cube Highway for the deal.

The long term capital gain in respect of listed securities would be taxed @10%, while other long term capital gain is taxable @ 20%. The short term capital gain in respect of STT paid transaction is taxable @15% while other short term capital gain is taxable @30%, plus applicable surcharge. 

Following stocks are close to their 52-week low as at 12.40 p.m. on August 16, 2018.

The markets on August 16, 2018 opened down. BSE Sensex is trading at 37,815.08, down by 36.92 points and the Nifty is trading at 11,422.90, down by 12.20 points. 

During the quarter, the company won new orders amounting to Rs. 2,744.1 crore. The net order book as on June 30 stood at Rs. 24,090.3 crore.

Making a portfolio will help you achieve your financial goals, however, a disciplined approach is needed to make a strong portfolio.

FMCG stocks have inched up and major FMCG players have reported decent growth in earnings. Amir Shaikh explains why it may not be a good idea to book profits in FMCG stocks. 

OMC stocks have seen good upmove in the last week or so due to correction in crude oil prices, but these stocks are still trading way below their alltime highs. Tanay Loya finds out if it is the right time to add OMCs to your portfolio. 

Overall volumes in futures & options currently stand at 75.25 lakh contracts with a turnover of Rs. 7,49,496.29 crore.

RITES Ltd is a newbie in the secondary market as it recently got listed on the bourses on July 2, 2018. RITES is a Mini-Ratna company formed under the patronage of the Indian Railways.

Overall volumes in futures & options currently stand at 75.25 lakh contracts with a turnover of Rs. 7,49,496.29 crore.

Indian key benchmark indices are off their peak levels on account of heightened trade war tensions across the globe, the latest flare-up being the US-Turkey trade war. The current week started off on a pessimistic note amid sell-off in the Turkish lira after Donald trump announced doubling of tariffs on import of metals from Turkey.

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 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 Reserve Bank of India has refused to let Uday Kotak to dilute promoter shareholding in Kotak Mahindra Bank through the non-convertible perpetual non-cumulative preference share (PNCPS) route.

We had yet another eventful fortnight with the BSE Sensex touching the 38,000 mark as the market reached the last leg of Q1 earnings season. The run-up to the psychological barrier of 38,000 level was fuelled by strong earnings growth and a revival in the FII inflows.

All Time High Markets Markets have touched 38,000 as you had predicted in April when most people had a bearish view on the markets. Markets have moved exactly as you had said. Now, from here, what next? Should one book profits or continue to hold?

Once again, we have a geopolitical situation spooking equity markets all over the world. The impact on emerging markets is deeper even as the emerging market currencies hit multi-year lows as the Turkish sell-off spreads.

On Thursday, Indian markets will open after a day’s break on account of Independence Day holiday and there are chances we may see a weak opening on account of sell-off seen in the global markets. Even if we see a weak opening, the zone of 11,265-11,285 is likely to act as a strong support zone. Stocks in news: Reliance Industries, Monsanto India, Siyaram Silk, Shilpa Medicare, UPL, UCO Bank and Kotak Mahindra Bank.

Indian markets are expected to make a cautious start as cues from global peers are not encouraging. Going ahead, market participants will have their eyes glued on the movement of the rupee. The SGX Nifty suggests that Nifty could open lower by 22 points at 11,412.  

Nifty PSU Index turned positive on Tuesday giving up its losing streak after two consecutive days of fall. Index registered a marginal gain of 0.34 per cent. The fall could be either a pullback in the form of profit booking or a reversal on the downside.

The company’s standalone revenue for the quarter came in at Rs. 500.69 crore as against Rs. 350.71 crore in the corresponding quarter last year, registering 42.8 per cent yoy increase.

Recent market correction which has been an eye opener for the investors who were in the hallucination of bull run in the past couple of years and were expecting very high returns from the equity funds. In the recent past almost every category except IT has witnessed erosion in the returns.

The PAT for the quarter came in at Rs. 4.82 crore as against Rs. 5.96 crore in the corresponding quarter last year yoy decline of 19.1 per cent.

Balkrishna Industries, the auto tyres and rubber products maker, surged more than 8 per cent in Tuesday’s trade with the F&O segment grabbing the top most position in the gainers’ list. The rally was on the back of robust Q1FY19 earnings performance by the company.

The company informed the bourses that it has received approval from the Maharashtra Pollution Control Board to manufacture Sulphuric Acid and Derivatives at its plant in Tarapur, Maharashtra on Tuesday.

Through this acquisition, the company aims to expand its pharma manufacturing footprint, said the company's filing to the exchange. The cost of acquisition is Rs. 155.55 crore and the deal will be completed by the end of September 2018

Thirumalai Chemicals in Tuesday’s trading session surge almost 13 per cent as the stock turned ex-date on Tuesday, August 14, 2018.

Spark Minda, Ashok Minda Group through its flagship company, Minda Corporation Limited is set to install and set-up a manufacturing automotive lockset sub-assembly unit at the female cell of Yerwada Jail in Pune.