The markets on June 21, 2018 opened up. BSE Sensex is trading at 35,526.86, down by 20.47 points and the Nifty is trading at 10,762.95, down by 9.10 points. 

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 

Two of the most pertinent questions facing long term equity investors are, one, whether to adopt a ‘buy and hold’ strategy; or two, whether one should ‘keep rebalancing the portfolio’ continuously. Majority of the investors who have created wealth in equity markets would agree the answer lies somewhere between.

One of the hallmarks of investing in mutual funds is their ability to allow investors with different risk profiles and time horizons to design the portfolio to suit their needs. It is heartening to see an increasing number of investors taking the selection process seriously and looking beyond past performance by focusing on factors such as suitability of the fund and investment philosophy as well as strategy. However, monitoring the performance of funds in the right way still remains an area where investors often falter.

We are a partnership firm where I, along with one Mr B, are the partners having profit share of 40% and 60%, respectively. The firm has unabsorbed losses of Rs10 crore upto the Assessment Year 2017-18. Due to the losses, Partner B wants to resign and in his place one Mr C is ready to join. Please let us know whether there will be any impact on the allow ability of carried forward losses in the subsequent years with myself and Mr C as partners? 

Since Jan 2018, the Sensex has been volatile, swinging from the high of 36,283 on Jan 29 to the low of 32,596 level by March 23. Though the Sensex recovered from that level to the 35,421 level by June 15, the stocks that bled the most and did not see the same level of recovery were the small and mid-cap stocks. The BSE Small-cap index has shed 1,755 points since January, while the Mid-cap index has dropped by 1,363 points. 

Investing in equity markets has been a rewarding experience for those who have been able to read the market moods correctly. Investors who are able to position their portfolio optimally are often the ones who are able to diagnose the market environment correctly. It is a common perception amongst investors that defensive stocks should form a part of any portfolio in a market environment that displays volatility. 

Mahindra & Mahindra Ltd (M&M) is engaged in the manufacture of tractors, passenger cars and commercial vehicles. The company’s automotive segment comprises sales of automobiles, spare parts and related services and its farm equipment segment comprises sales of tractors, spare parts and related services, while the information technology services consists of services rendered for IT and telecom. 

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 stockmargin 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

Overall volumes in futures & options currently stand at 93.10 lakh contracts with a turnover of Rs. 8,87,651.18 crore.

In-line with the counter import duty hikes imposed by EU and China on goods originating from US, the Indian government has proposed to increase duty on apples, walnuts and non-alloy steel exported by the Americans.

The interest rate hike by the RBI, followed by the US Fed’s second consecutive rate hike, drove Indian stock markets downhill in the last 15 days. The ECB in its policy hinted at a delay in rate hike, may be till the end of the first half of 2019, despite a pick-up in inflation and wages. Further, it said it would halt it bond-buying carried through the decade. All the attempts aimed at tightening liquidity by the major world economies are weighing on the markets.

The market witnessed lot of action in the past couple of weeks, while the Sensex witnessed a rejig in its constituents. The weightage of pharma stocks and IT stocks is seen coming down post the rejig. With the weightage of defensives coming down in the Sensex, the volatility is expected to increase in the key benchmark index. 

Equity markets do look like they will be in for a rough ride for the coming six months at least owing to the medley of events set to unfold during this period, viz., state elections in India by December-end, US Fed rate hikes, ECB’s possible interest rate hardening, RBI’s stance on interest rates, weakening rupee and the trade war fears, which impact the market sentiments more than anything else.

Overall volumes in futures & options currently stand at 93.10 lakh contracts with a turnover of Rs. 8,87,651.18 crore.

In the coming session, support may come in at the levels of 10,700, followed by 10,650. On the upper side, the level of 10,820 is likely to act as an immediate resistance level for the Nifty. Stocks in news: InterGlobe Aviation, Mahindra Lifespace Developers, Adani Transmission, Gayatri Projects, JK Cement, Indiabulls Real Estate, Majesco and BHEL.

Key benchmarks are likely to witness a modestly positive opening following positive leads from Asian peers. The Nifty 50 index futures on the Singapore stock exchange are currently trading with modest gains of 14 points at 10,805.  

Multinational pharma company, Cipla posted a 3 per cent hike in its share price as the company received final approval for its new drug application (ANDA) for Efavirenz tablets 600mg from the United States Food and Drug Administration (USFDA).

Money market mutual fund are the open-ended schemes which predominantly invests in ultra-safe and high-quality liquid instruments like treasury bills, commercial paper, certificates of deposits and repurchase agreements, with having less than one-year maturity. The debt funds, fixed maturity plans and gilt funds are some of the options provided by money market funds.

For the month of May 2018, Technology witnessed the fifth straight month of rising weightage in the domestic equity AUM.

With the markets rallying up more than 200 points, the two new IPOs opening on Wednesday are experiencing positive investor interest. The IPOs of State-owned engineering consultancy RITES Limited and specialty chemical major Fine Organics are open for subscription until June 22, 2018.

Following stocks are close to their 52-week low as at 1.19 p.m. on June 20, 2018.

The markets on June 20, 2018 opened up. BSE Sensex is trading at 35,502.56, up by 215.82 points and the Nifty is trading at 10,765.55, up by 55.10 points. 

Anmol Industries Limited, a Kolkata-based biscuit maker, files papers for Initial Public Offering (IPO) with the SEBI. The issue comprises of equity shares aggregating up to Rs. 7,500.00 million via an offer for sale.

Sadbhav Infrastructure Project has signed maintenance contract worth Rs. 55 crore with wholly-owned subsidiary (WOS) – Sadbhav Jodhpur Ring Road for maintenance and repairs works during the tenure of the development and construction work. 

Overall volumes in futures & options currently stand at 73.89 lakh contracts with a turnover of Rs. 6,67,240.74 crore.

Overall volumes in futures & options currently stand at 73.89 lakh contracts with a turnover of Rs. 6,67,240.74 crore.

Going ahead, there is cluster of support in the zone of 10,650-10,700. Stocks in news: Kansai Nerolac, DCM Shriram, MPS, Oberoi Realty, Cipla, Infosys and Wheels.

The stock markets in India are expected to witness a quiet start on Wednesday as cues from the Asian peers are mixed. The trade war between the US and China appears to be escalating by the day and this is likely to keep the markets on the tenterhooks. The Nifty 50 index futures on the Singapore stock exchange are currently trading with modest loss of 8 points at 10,719.  

Mutual fund investor who don’t want to take much risk usually looks at the debt funds as the safer investment avenues. Post categorisation and reclassification, the arena of debt funds have been revived. Out the debt fund basket, floater fund is one of the lesser known mutual funds.

The IPO listings are back in action in the Indian equity market. Latest to announce its IPO offering is Maharashtra-based auto parts manufacturer Varroc Engineering.

Following stocks are close to their 52-week low as at 1.04 p.m. on June 19, 2018.

The markets on June 19, 2018 opened down. BSE Sensex is trading at 35,316.94, down by 231.32 points and the Nifty is trading at 10,714.55, down by 85.30 points.

Fine Organic Industries Limited is the largest manufacturer of oleochemical based additives in India and a strong player in the global market in this industry. The company's products include a wide range of speciality plant-derived oleochemical-based additives which are used in the various industries such as plastic, paint, cosmetic, coatings and ink.

Cords Cable Industries Limited has won a prestigious contract for supplying Signal Cables. These cables will include Fire Resistant – Gas Detector Signal cables, Alarm cables and Control cables to be used in Polymer Addition Project towards Hydrocarbon sector in Punjab.

Setting aside rife speculations about the change of leadership, ICICI Bank has appointed Sandeep Bakhshi as Wholetime Director and Chief Operating Officer (COO) of the Bank.

After a successful launch of the first tranche of Bharat 22 ETF, the government is launching its second tranche today. Read on to find out if you should invest in them.

Overall volumes in futures & options currently stand at 52.47 lakh contracts with a turnover of Rs. 4,67,439.80 crore.

Overall volumes in futures & options currently stand at 52.47 lakh contracts with a turnover of Rs. 4,67,439.80 crore.

On the downside, the zone of 10,755-10,765 is a crucial support zone for the Nifty as it is 38.2 per cent retracement level of the recent upmove (10,550-10,893) placed around 10,762. A move below 10,755 would open up for further correction up to levels of 10,700. Stocks in news: Goa Carbon, TCS, Titan Company, ICICI Bank and Borosil Glass Work.

Indian benchmarks indices are expected to open gap-down in line with global stock markets. The traders across the world are nervous over a trade spat between the top two economies of the world. Nifty 50 index futures on the Singapore stock exchange is currently trading lower by 63 points at 10,728.  

Mutual funds subscriptions through SIPs contributed Rs. 7,304 crore in May 2018. This exceeds the April collection by more than 9 per cent. As per the latest AMFI data, in March, the total SIP accounts stood at 2.23 crore.

The stock of Panacea Biotec was buzzing on the bourses on Monday on the back of an announcement that the company has settled a patent dispute with Celegene Corp.

Since Mid-May, Oil prices witnessed a downfall of nearly 11 per cent. The recent fall in the prices was in the wake of an expected increase in the output by OPEC, Russia and allies, who are scheduled to meet in Vienna in the next week. The news has proven advantageous to India’s oil marketing companies and airline operators. 

Following stocks are close to their 52-week low as at 12.35 p.m. on June 18.

Lupin as entered into a strategic partnership with Japan’s Nichi-Iko. The news seems to have been discounted and thereby the stock of Lupin witnessed profit booking in Monday’s trade, shedding 2 per cent and more, after four consecutive daily upticks.

The markets on June 18 opened flat. BSE Sensex is trading at 35,616.10 down by 6.04 points and the Nifty is trading at 10,815.90, down by 1.80 points. 

Overall volumes in futures & options currently stand at 68.01 lakh contracts with a turnover of Rs.  5,98,789.74 crore.

Private banking major Yes Bank has received a final license from the Securities and Exchange Board of India (SEBI) to offer custodial services to market participants.

Overall volumes in futures & options currently stand at 68.01 lakh contracts with a turnover of Rs.  5,98,789.74 crore.

For the coming session, it would be crucial for the index to move past the level of 10,835 to carry on any meaningful upmove. On the higher side, the zone of 10,890-10,900 is likely to act as a strong resistance level, while on the way down, support is seen around the levels of 10,750-10,770.  Stocks in news: 8K Miles, Dr Reddy Laboratories, NBCC, Kanoria chemicals and Industries, Panacea Biotech and PNC Infratech.

Indian markets are likely to make pessimistic start to the new week as cues from Asian peers are negative. Nifty 50 index futures on the Singapore stock exchange is currently trading at 10,781,  down by 45 points.  

Mutual fund houses have been offering a free add-on feature of life insurance cover to investors who invest through SIPs of select mutual fund schemes. The amount of life insurance cover offered depends on the amount of monthly SIP investment made by the investor, so higher the SIP amount, higher the life insurance cover. 

A travel insurance policy should not only cover the risk of death and hospitalisation, but it should also provide cover for delay or cancellation in flight, baggage loss, etc arising during travel.

Need for diversification or high growth makes savvy investors dabble in illiquid securities. Some want to transact in tax-free bonds, fixed maturity plans (FMP), closed-ended funds (CEF) or even non-convertible debentures (NCD) listed on stock exchanges. 

There are literally thousands of brokers in India offering not just stockbroking services, but also many other kinds of financial products and services to their clients. So, how does one decide on which brokerage house to choose and what criteria should be applied?

With the markets going into correction and consolidation mode, the year 2018 has been disappointing for the mid-cap and small-cap fund investors. These funds have corrected more than the large-cap funds and investors in these funds are clueless about their next course of action.

Rites Limited, a Government company, is coming with an IPO which will open for subscription from June 20 to June 22, 2018. The issue consists of Offer for Sale (OFS) of 2,52,00,000 equity shares worth Rs 466.20 crores. The issue price band is between Rs 180-185 per equity share.

In the recent past, the mutual fund houses aligned their products to invest in the pharma sector. The sector which has seen a huge decline in the last couple of years is now a darling for the mutual fund houses. Recently, Mirae Assets and ICICI Pru announced new thematic schemes keenly focused on maximizing profits from the pharma sector stocks.

The company signed an agreement with Indorama Group to exit their joint venture company, Egyptian Indian Polyester Company (EIPET).

Following stocks are close to their 52-week low as at 12.43 p.m. on June 15, 2018.

Dr. Reddy's Laboratories has received final approval from the US drug regulator for launching Buprenorphine and Naloxone Sublingual Film in the US market. The product is being launched through an approved Risk Evaluation and Mitigation Strategy (REMS) Program.

The share price of pharma major Alembic Pharmaceuticals continued to surge in Friday’s trading session. The share price grew by 7 per cent on Friday as the company bagged EIR for its formulation facility at Panelav, Gujarat from the US Food and Drugs Association. 

The markets on June 15, 2018 opened gap down. BSE Sensex is trading at 35,555.79, down by 44.03 points and the Nifty is trading at 10,800.80, down by 7.25 points. 

The stock of Virinchi surged as the company announced the start of expansion work at Banjara Hills healthcare facilities in Hyderabad.

Overall volumes in futures & options currently stand at 1.41 crore contracts with a turnover of Rs. 14,18,956.96 crore.

Overall volumes in futures & options currently stand at 1.41 crore contracts with a turnover of Rs. 14,18,956.96 crore.

Going ahead, Thursday’s session low of 10,774 would be a crucial support level. However, a move below this level would open gates for further correction which may take the index up to the zone of 10,710-10,700, while on the upside, the level of 10,850 would act as an immediate resistance level, followed by 10,890. Stocks in news: Dr Reddy’s Laboratories, TNPL, Inox Leisure, Ruchi Soya Industries, Jyoth Laboratories, ICICI Bank, EKC and Wirpo.

Indian equities are poised to open on a cautious note tracking subdued leads from the Asian markets. Nifty 50 index futures on the Singapore stock exchange is currently trading with a loss of 18 points at 10,797.  

The stocks that are likely to record significant movement on the bourses on Friday, June 15 are HIL Limited, Wipro Limited, Maha Rashtra Apex Corporation Limited and Hind Aluminium Industries Limited.  

The wholesale price index for the month of May stood at 4.43 per cent against 3.18 per cent in the previous month of April. The significant surge in WPI was largely due to higher oil prices in the international market.

HCL Technologies signed an end-to-end IT infrastructure services deal with Falck, which is an international player in the ambulance and healthcare markets.

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MAHINDRA CIE AUTOMOTIVE

Data and technology will enable smarter, responsible investment decisions The Chinese have a phrase: “May you live in interesting times”; this phrase certainly holds true for the investment management industry that, over the past few years, has indeed been having an interesting time. The industry has been wading through challenges, both regulatory and economic, while leveraging opportunities presented by digitisation as they seek alpha returns for their investors. 

Review on 2 stocks recommended in past.

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

Stay tuned, but be cautious of the June Swoon! 

The Indian mutual fund industry offers various investment avenues to the investor. In the recent AMFI data disclosure, we have seen that the folios of the fund of funds have increased. So let us just explore these funds.

HDFC Bank's FDI proposal to raise Rs. 24,000 crore received a green signal from the government's Cabinet Committee on Economic Affairs (CCEA).

Following stocks are close to their 52-week low as at 12.49 p.m. on June 14, 2018.

The share price of Cipla surged by nearly 2 per cent in the early trade on Thursday as the company received the USFDA approval for Isoproterenol Hydrochloride injection, a generic version of Hospira Inc’s Isuprel injection.

The markets on June 14, 2018 opened down. BSE Sensex is trading at 35,518.34, down by 220.82 points and the Nifty is trading at 10,782.85, down by 73.85 points. 

Pharma major Alembic Pharmaceuticals bagged the approval of US Food and Drugs Association for its abbreviated new drug application (ANDA) for Doxycycline Hyclate capsules.

ICICI Bank received approval from its board of directors for sale of 2 per cent stake in ICICI Prudential through an offer for sale.

Overall volumes in futures & options currently stand at 73.61 lakh contracts with a turnover of Rs. 6,93,000.92 crore.

Overall volumes in futures & options currently stand at 73.61 lakh contracts with a turnover of Rs. 6,93,000.92 crore.

In the coming session, the level of 10,890 is likely to act as an immediate resistance level, followed by 10,930, while on the downside, supports are seen at the levels of 10,800, followed by 10,770. Stocks in news: HDFC Bank, Infosys, Canara Bank, Cipla, Oberoi Realty, ICICI Bank, Kansai Nerolac, Lupin and Tata Power.

Key benchmark indices are expected to open on a pessimistic note amid negative global cues. Nifty 50 index futures on the Singapore stock exchange is currently trading with a loss of 27 points at 10,818.  

In a significant development, Lupin launched its generic Tobramycin Inhalation Solution USP in the US markets on Wednesday. 

The stocks that are likely to record a significant movement on the bourses on Thursday, June 14 are Kansai Nerolac Paints Limited, Maharashtra Seamless Limited, Adani Transmission Limited, Lupin Limited and Tata Power Company Limited.      

India’s macroeconomic factors portray an improvement in the economy. The manufacturing index surged substantially, while industrial production grew marginally for the month of April. The Inflation inched up to 4.9 per cent in the past month.

Being a mutual fund investor, if you are looking at the closed-ended fixed income mutual funds as the investment avenue you must know some pros and cons of these mutual funds.

Being a mutual fund investor, one should always know the investment avenues available in the mutual fund industry. India mutual fund industry has a vast choice of options available with different mutual fund houses for every type of investor.

Sebi continues with its endeavour to bring in more transparency in the way expense ratio are charged and disclosed.

Chalet Hotels Limited, a subsidiary of K Raheja Corp Group, owns and operates a chain of luxury and upscale hotels situated in prominent Indian cities.