The weakness that has set into Indian equity markets is likely to stay put as the markets are set to start the June F&O series expiry session on a weak note amid gloomy leads from the global markets. Nifty 50 index future on the Singapore stock exchange is currently trading lower by 19 points at 10,654. 

Volatile markets test an investor’s patience. Read on to find what to do in such conditions.

Policy reforms along with digitization of governance process are driving the formerly unorganised SMEs to become part of India's growing formalised and transparent SME ecosystem. This in turn is attracting lenders to more actively engage with this sector.

Larsen & Toubro InfoTech inaugurated latest global delivery center in Johannesburg. The 30,000+ sq. ft. state-of-the-art center with a capacity of 250 seats will help the company expand its operations in South Africa across all sectors.

Following stocks are close to their 52-week low as at 1.08 p.m. on June 27, 2018.

The markets on June 27, 2018 opened up. BSE Sensex is trading at 35,333.65, down by 156.39 points and the Nifty is trading at 10,712.20, down by 56.95 points. 

The securities regulator has ordered VCPL to make an open offer for NDTV within the next 45 days. The stock was up 20 per cent right from the opening bell, and was stuck at its upper circuit limit on Wednesday.

The worst might not yet be over for the banking sector as bad loans of commercial banks are expected to worsen to 12.2 per cent of total loans by March 2019, the Reserve Bank of India (RBI) said in its Financial Stability Report.

Gallantt Ispat jumped over 9 per cent in the early trade on Wednesday after the company announced plans to consider splitting its equity shares.

Indusland Bank has signed a purchase agreement to acquire 100 per cent shares of IL&FS' securities services subsidiary. The agreement is subject to regulatory approvals.

Overall volumes in futures & options currently stand at 1.05 crore contracts with a turnover of Rs. 9,31,576.17 crore.

Overall volumes in futures & options currently stand at 1.05 crore contracts with a turnover of Rs. 9,31,576.17 crore.

It has been observed that in the last couple of weeks, Nifty has been trading in the range of 10,700-10,837. On the charts one thing remains distinctly clear that unless this range is breached either on upside or downside, we will see each upmove getting stalled in the range of 10,830-10,840. Stocks in news: Infosys, Hindustan Unilever, Tata Communications, IDBI Bank, Relaxo Footwears, Majesco, PNB Housing Finance, IndusInd Bank and NMDC.

The outlook for the day is a quiet start and there are chances that the market may continue to exhibit sluggishness on account of continuing consolidation. The Nifty 50 index future on the Singapore stock exchange is currently trading with modest loss of 4 points at 10,751. 

Equity markets yet again ended in doldrums on Tuesday, repeating what it has been doing for the past four to five trading sessions. FMCG sector gained more than a per cent, while energy sector shedding 1.4 per cent, which led to a roller-coaster ride in the markets.

The most common quoted rule of thumb for asset allocation is 100 minus your age. Read on to check if it is suitable for you.

Following stocks are close to their 52-week low as at 1.20 p.m. on June 26, 2018.

The markets on June 26, 2018 opened down. BSE Sensex is trading at 35,554.28, up by 83.93 points and the Nifty is trading at 10,789.15, up by 26.70 points.

In a bid to give relief to certain sectors which are being adversely affected by the GST regime, the government may plan to remove items including cement, paint, movie tickets from 28 per cent tax slab.

Mutual fund investors are looking at various smart investment ideas to generate better returns. The mutual fund arena offers a wide basket of the choices to the investors of which quant funds are one of the lesser known funds.

Overall, the robust and well-diversified order book gives the confidence that the company may deliver the growth target of 15-20 per cent for FY19.

The stock of Info Edge was buzzing on the bourses in the early morning session, post the announcement of an investment in the company which operates online marketplace for insurance and financial products, namely www.policybazaar.com and www.paisabazaar.com.

Overall volumes in futures & options currently stand at 85.89 lakh contracts with a turnover of Rs. 7,56,917.32 crore.

Overall volumes in futures & options currently stand at 85.89 lakh contracts with a turnover of Rs. 7,56,917.32 crore.

On Tuesday, there are chances that Nifty will try to stabilise near its critical moving average support, i.e. 50-DMA. But there are higher chances of seeing lot of vulnerability persisting at the opening bell as hints from the global markets are negative. Stocks in news: Piramal Enterprises, Fortis Healthcare, Zuari Agro Chemicals, United Spirits, Jet Airways, NHPC, NOCIL, OIL India, Info Edge and Ratnamani Metals and Tubes.

The Indian markets may open sharply lower as it is reckoned that the trade war between the US and China may go on much longer, which resulted in a sharp drop on the Wall Street and sell-off in the Asian markets. Nifty 50 index future on the Singapore stock exchange is currently trading at 10,705, down by 50 points. 

The stocks that are likely to witness significant movement on the bourses on Tuesday, June 26, 2018 are Oil India Limited, Jet Airways Limited India, Tata Communications Limited, Biocon and Max India Limited.

Following the benchmark indices, S&P BSE 100 index too tumbled to close down by 0.6 per cent. However, three stocks listed on BSE 100 category hit 52-week high levels including Bajaj Finserv, Bajaj Finance and Page Industries. 

The company has signed an agreement to acquire assets of Tudor India situtated in Gujarat. The assets include immovable land assets and movable assets in its factory in Prantij, Sabarkantha.

Union Budget of FY19 has wiped-off some of the tax disadvantages that FoF had compared to normal equity fund. Does this warrants investment in them?

Indian stock markets turned subdued at the start of the week, despite a very sharp upside and positive closure in the last week. Nifty Auto index which shed more than 1 per cent is the top sectoral loser. Tata Motors which is a part of Nifty50 and forms almost 10 per cent of Nifty Auto, has tumbled nearly 4 per cent and was the top loser in both the indices on Monday.

The upcoming expansion at Mysuru, Karnataka and Visakhapatnam, Andhra Pradesh will add 6,00,000 KL and 5,00,000 KL to existing facilities. The company is investing around Rs. 4,000 crore for this expansions.

Following stocks are close to their 52-week low as at 1.26 p.m. on June 25, 2018.

The markets on June 25, 2018 opened gap down. BSE Sensex is trading at 35,585.15, down by 104.45 points and the Nifty is trading at 10,793.10, down by 28.75 points. 

Phoenix Mills’ (PML) wholly-owned subsidiary, Insight Hotels & Leisure has acquired an under-construction retail asset in Indore. PML has acquired the asset for Rs. 2.34 billion in an auction conducted by an Asset Reconstruction Company.

The US drug regulator, USFDA has cleared Biocon's sterile drug product unit after an inspection that ended last month.

The upcoming IPO of Varroc Engineering Ltd. will remain open for subscription from June 26-28, 2018. The issue consists of Offer for Sale (OFS) comprising of 2,01,21,730 equity shares with face value of Rs 1 per share. The IPO size is worth Rs 1945.77 crore. The price band is in the range of Rs 965-967 per share. The minimum lot size consists of 15 shares.

Overall volumes in futures & options currently stand at 79.84 lakh contracts with a turnover of Rs. 7,12,491.54 crore.

Overall volumes in futures & options currently stand at 79.84 lakh contracts with a turnover of Rs. 7,12,491.54 crore.

On Monday, we anticipate weakness might persist in the initial part of the trading session as cues from Asian peers are negative and the behaviour of the Nifty vis-à-vis the level of 10,840-10,850 continues to remain very decisive. Stocks in the news: Tata Communications, Biocon, Indian Hotels, Phoenix Mills, ICICI Bank, Symphony, Goa Carbon, Bombay Dyeing and Unichem Laboratories.

As we step into the F&O expiry week, we feel that Indian markets may open on a weak note as leads from the Asian markets are negative. This is on the back of media reports stating that the US President Donald Trump is planning to impose new curbs on Chinese investments in the US. The Nifty 50 index future on the Singapore stock exchange is currently trading lower by 50 points at 10,786.  

The Insurance Regulatory & Development Authority of India (IRDAI) has asked general insurance companies to submit third party vehicle insurance policies offering 3-year and 5-year insurance for cars and two-wheelers, respectively, and offer these options to their customers. The IRDAI directive to the insurers comes in the wake of the recommendation made by the Committee on Road Safety of the Supreme Court.

If you are in need of money and want to have a loan at a rate cheaper than personal loan, you can consider pledging your life insurance policy as collateral for raising the loan. You may apply for the loan either through the insurance policy or directly with the bank.

The performance of a mutual fund scheme cannot be done in isolation and it has to have some reference point or yardstick for comparison. The index to which the scheme is benchmarked provides such a reference point for comparison of the performance. If the scheme gives higher returns than the benchmark’s returns, it is said to have outperformed the benchmark during a given period of time; however, if it gives lower returns than that of the benchmark, the scheme is said to have underperformed the benchmark.

In India, an average investor barely knows about money market mutual funds (MMMFs), and even if he is aware, he seldom ventures to invest in these funds. There is a tendency among Indian investors to opt for known investment avenues such as bank fixed deposits, bonds, debentures, PPF, etc. The lack of awareness amongst investors about MMMFs deprives them of a good investment opportunity.

If you are planning to invest in securities such as fixed maturity plans (FMPs), closed-ended mutual funds, tax-free bonds or non-convertible debentures, you need to know that these securities are illiquid as there are not many buyers and sellers of these securities in the market.

The trade war tensions have escalated and the Asian markets have been rattled and have reached 6-month low post the deepening of trade war between the US and China.

Indian benchmark indices which remained subdued for almost the entire trading session, gave the last hour bounce back to close nearly 0.7 per cent up. Broader markets too closed in green but underperformed the benchmark indices. All the sectors closed in the positive territory where pharma followed by all banking sectoral indices and FMCG outperformed the markets.

Fund houses in India are launching ESG Funds. Read on to find what are these ESG funds and should you be investing in them.

Dr Lal PathLabs gave its prolonged multiple resistance breakout on Friday in the zone of 920-930 levels. The stock should sustain 930-932 levels on all daily, weekly and monthly closing basis to witness significant upside in future.

Brent oil rose on Friday after witnessing three consecutive red days as Russia and Saudi Arabia called for an increase in the output. The outcome of the meet has been discounted and Brent rose on Friday expecting a output hike by OPEC in the meeting scheduled later during the day.

In testing market condition on the last trading day of the week as well as the last day of subscription for two IPOs RITES and Fine Organics, investors seem to be wanting to subscribe these IPOs.

Following stocks are close to their 52-week low as at 12.23 p.m. on June 22, 2018.

The markets on June 22, 2018 opened flat. BSE Sensex is trading at 35,467.30, up by 34.91 points and the Nifty is trading at 10,750.75, up by 9.65 points. 

Overall volumes in futures & options currently stand at 1.75 crore contracts with a turnover of Rs. 17,57,000.41 crore.

Overall volumes in futures & options currently stand at 1.75 crore contracts with a turnover of Rs. 17,57,000.41 crore.

Steel major, JSW Steel has proposed a plan to invest approximately US$ 500 million in the newly acquired US company Acero Junction Inc, in a phased manner.

On the downside, the zone of 10,650-10,700 will act as a strong support zone as Nifty has cluster of support placed in this region. Stocks in news: JSW Steel, HCL Technologies, KPIT Technologies, Karnataka Bank, AstraZeneca Pharma India, Havells and Astral Poly Technik.

The Indian stock markets are likely to see a cautious opening as cues from the Asian peers are adverse on the back of the lingering concerns of trade war and OPEC meeting outcome. The Nifty 50 index futures on the Singapore stock exchange are currently trading with loss of 28 points at 10,705.  

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High risk taking investors can take exposure in ICICI BANK (BSE Code 532174).

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).

In the recent past, traders seemed to have established their dominance in the Indian stock markets. This is because markets have become vulnerable to every event, be it micro or macro. Markets tend to become highly volatile on the occurance of an event, but there is complete lull in the absence of any trigger, making it difficult for the delivery-based investors and traders to enter.

As trade war deepens across the globe, India doesn’t want to stay back wounded. Hike in import tariffs levied by India will counter the increased import duty imposed by the US on steel and aluminium imports. The tariff will be in place from August 4.

Crude oil is the most important commodity for the Indian economy. The OPEC meeting in Vienna will decide the future output. Read on to find how it will impact Indian economy.

The stock of Manpasand Beverages surged on Thursday as the company's board considers dividend payout for FY18. The company's Q4 results will be announced on June 27.

Arvind is planning to expand its textiles business to Rs. 10,000 crore by 2023, from Rs. 6,000 crore now. This will be achieved through verticalisation, more garmenting, ramping up advanced materials division which is into specialised textiles and adopting newer technologies.

The rule of 80-20 is all-pervasive and you can find it in every aspect of life, including investments. The rule states that 80% of the effect comes from 20% of the causes. If you analyse your portfolio, you will find that 20% of your investment is generating 80% of your overall portfolio returns. This rule of 80-20 was first developed by Vilfredo Pareto, an Italian economist and mathematician. Therefore, this rule is also better known as the Pareto principle.

Reliance Consumption Fund - Direct Plan-Growth Reason for recommendation This is an open-ended equity scheme, which seeks long-term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of the companies which are expected to benefit from the domestic consumption-led demand. 

The market regulator, Securities & Exchange Board of India (SEBI), has continued its investor-friendly stance in mutual fund investment. This time it is targeting the expense ratios of mutual funds, which will directly impact the returns. In the last few months, SEBI has taken

P.H.D (Healthcare) theme’s inflection point growth kick-off makes it an ideal time to invest for the long haul.

If you want to choose a sector that has all the levers of growth in place and with the icing of a very high degree of valuation comfort, have a look at the P.H.D universe of stocks. P.H.D stands for pharma, healthcare, and diagnostics – and by our reckoning, this segment is a stable, maturing space that offers tremendous growth potential.

Despite lull market conditions, the two open IPOs continued to received investor interest on Thursday, the second day of subscription. The Initial Public Offering (IPO) of state-owned railway engineering company RITES Limited and additive chemical major Fine Organics are open for subscription until Friday, June 22, 2018.

Some of the innovations, including the financial ones, are accidental. The ideation and introduction of the Exchange Traded Fund (ETF) is one of them. The origin of ETFs can be traced back to the 840-page report by the US market regulator Securities and Exchange Commission (SEC).

Following stocks are close to their 52-week low as at 12.52 p.m. on June 21, 2018.

India is a land of ‘Jugad’ and Indians have mastered this‘art’ in every field, including the complex world of finance. Since the start of this calendar year, we have been seeing many of the mutual fund houses coming up with the closed-ended schemes. 

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.