Last Updated: 20 Nov 2019 08:21 PM

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  • Sensex Ends 181 Points Higher; Energy and Healthcare Stocks Witness Buying


    Indian share markets continued to trade on a positive note during closing hours but ended their session off day's high.

    At the closing bell, the BSE Sensex stood higher by 181 points (up 0.5%) and the NSE Nifty closed higher by 59 points (up 0.5%).

    The BSE Mid Cap index ended up by 0.3%, while the BSE Small Cap index ended the day up by 0.1%.

    On the sectoral front, gains were seen in the healthcare sector and energy sector. Realty sector and consumer durables sector, on the other hand, witnessed selling.

    Asian stock markets finished on a negative note as of the most recent closing prices. The Hang Seng stood down by 0.75% and the Nikkei was trading down by 0.62%, while the Shanghai Composite was trading down by 0.78%.

    European markets were also trading on a negative note. The FTSE 100 was down by 1.24%. The DAX was trading down by 0.98%, while the CAC 40 was trading down by 0.70%.

    The rupee was trading at 71.84 to the US$ at the time of writing.

    In the news from commodities space, gold was trading on a volatile note today. Prices for the yellow metal fell for the second straight day today.

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    After the recent decline, gold prices are now down about Rs 1,800 per 10 grams from September highs of about Rs 40,000 per gram.

    Gold prices have been weighed down this week as optimism grew about US-China trade ties following a report of "constructive talks" over the weekend, while losses were capped by a softer dollar.

    Gold is considered a safe store of value during times of economic or political uncertainty.

    Market participants now await minutes of the Federal Reserve's last policy meeting which is due today for clues about the future interest rate trajectory.

    Gold is highly sensitive to interest rates, as a lower interest reduces the opportunity cost of holding the non-yielding bullion.

    Speaking of gold, how lucrative gold has been as a long-term investment in India?

    The chart below shows the annual returns on gold over the last 15 years...

    Gold Has Been a Shining Long-Term Investment

    As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

    Here's what Ankit Shah wrote about this in a recent edition of The 5 Minute WrapUp...

    • In fact, gold has delivered double-digit gains in 10 of the last 15 years.

      During the entire 15-year period, gold has shot up 555% (compounded annual return of 12.1%).

      During the same period, the Sensex surged 511% (compounded annual return of 12.0%). If you include dividends, the Sensex returns would be higher than gold by a couple of percentage points.

      One must note that the Sensex returns are not representative of the broader market returns. Moreover, gold was a no-brainer. You didn't have to study financial statements, business models and forecast future earnings growth to get a double-digit return on your investment.

      If you grab a pie of the big money-making opportunities beyond stocks, I would strongly insist you attend Vijay's Weekly Cash Summit here (It's free).

    Meanwhile, Vijay Bhambwani also talks about how gold has been relied upon by humankind for 3000 years in one of his videos.

    If you consider street inflation, your fixed deposits are giving negative yields. In times like these, Vijay considers gold as a safe haven.

    So, is it the time to buy gold?

    Tune in to find out...

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    Moving on to news from the power sector, Kalpataru Power Transmission share price was in focus today. The stock of the company witnessed buying interest as the company exited one of its subsidiaries.

    In a filing, Kalpataru Power Transmission said it had completed the sale of its entire stake in Kalpataru Satpura Transco on November 20 after obtaining the regulatory and other approvals.

    Consequently, Kalpataru Satpura Transco Private Limited ceases to be the subsidiary of the company from November 20.

    The company has entered into definitive agreements to sell its stake in three subsidiaries to CLP India Private Limited, subject to receipt of relevant approvals and completion of conditions precedent.

    In other news, stock markets regulator SEBI will be looking to tackle a host of issues at its board meeting scheduled today.

    The market regulator may discuss a significant reduction in time taken to process a rights issue to 31 days or less, from the current 55-58 day framework.

    Also, as per a leading financial daily, it will consider increasing the minimum investment limit from Rs 25 lakh to Rs 50 lakh and raising the minimum net worth requirement from Rs 2 crore to Rs 5 crore for a company to run a PMS fund.

    The regulator is also looking to streamline regulations for auditors, especially after the accounting scandals that have hit India Inc. lately.

    We will keep you updated on all the decisions and news from this space. Stay tuned.

    And to know what's moving the Indian stock markets today, check out the most recent share market updates here.



    This article (Sensex Ends 181 Points Higher; Energy and Healthcare Stocks Witness Buying) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • UNITED BANK OF INDIA Plunges by 5%; BSE BANKEX Index Up 0.3%


    UNITED BANK OF INDIA share price has plunged 5% and is presently trading at Rs 10.

    Meanwhile, the BSE BANKEX Index is at 35,578 (up 0.3%).

    Among the top losers in the BSE BANKEX Index today is UNITED BANK OF INDIA (down 5.1%).

    INDUSIND BANK (up 5.4%) and YES BANK (up 2.7%) are among the top gainers today.

    Over the last one year, UNITED BANK OF INDIA has moved down from Rs 11 to Rs 10, registering a loss of Rs 1 (down 12.6%)..

    The BSE BANKEX has moved up from 29,603 to 35,578, registering a gain of 5,975 points (up 20.2%) during the last 12 months.

    The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 36.5%), KOTAK MAHINDRA BANK (up 36.0%) and CITY UNION BANK (up 29.3%).

    Listen In: Our Investor Hour Podcast Connects You with the World's Most Successful Investors

    What About the Benchmark Indices?

    The BSE Sensex is at 40,816 (up 0.4%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 5.4%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

    In the meantime, NSE Nifty is at 12,039 (up 0.4%). ZEE ENTERTAINMENT (up 7.7%) is among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,816, registering a gain of 5,041 points (up 13.6%).

    UNITED BANK OF INDIA Financial Update...

    UNITED BANK OF INDIA net profit declined 110.9% YoY to Rs 1 billion for the quarter ended September 2019, compared to a loss of Rs 11 billion a year ago. Operating income rose 18.0% to Rs 24.4 billion during the period as against Rs 20.7 billion in July-September 2018.

    For the year ended March 2019, UNITED BANK OF INDIA reported 59.2% increase in net profit to Rs 23.2 billion compared to net profit of Rs 14.5 billion during FY18.

    Revenue of the company grew 2.6% to Rs 86 billion during FY19.

    The current Price to earnings ratio of UNITED BANK OF INDIA, based on rolling 12 month earnings, stands at down 8.4x.

    This article (UNITED BANK OF INDIA Plunges by 5%; BSE BANKEX Index Up 0.3%) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • ORIENTAL BANK Plunges by 6%; BSE BANKEX Index Up 0.0%


    ORIENTAL BANK share price has plunged 6% and is presently trading at Rs 64.

    Meanwhile, the BSE BANKEX Index is at 35,578 .

    Among the top losers in the BSE BANKEX Index today is ORIENTAL BANK (down 6.3%).

    INDUSIND BANK (up 4.2%) and YES BANK (up 0.2%) are among the top gainers today.

    Over the last one year, ORIENTAL BANK has moved down from Rs 89 to Rs 64, registering a loss of Rs 25 (down 28.0%)..

    The BSE BANKEX has moved up from 29,603 to 35,578, registering a gain of 5,975 points (up 20.2%) during the last 12 months.

    The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 36.7%), ICICI BANK (up 36.1%) and CITY UNION BANK (up 29.1%).

    Listen In: Our Investor Hour Podcast Connects You with the World's Most Successful Investors

    What About the Benchmark Indices?

    The BSE Sensex is at 40,816 (up 0.4%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 6.0%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

    In the meantime, NSE Nifty is at 12,039 (up 0.4%). ZEE ENTERTAINMENT (up 6.6%) is among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,816, registering a gain of 5,041 points (up 13.5%).

    ORIENTAL BANK Financial Update...

    ORIENTAL BANK net profit down at Rs 1 billion for the quarter ended September 2019, compared to a loss of Rs 1 billion a year ago. Operating income rose 6.9% to Rs 48.8 billion during the period as against Rs 45.6 billion in July-September 2018.

    For the year ended March 2019, ORIENTAL BANK reported 100.9% decrease in net profit to Rs 550.0 million compared to net profit of Rs 58.7 billion during FY18.

    Revenue of the company grew 2.8% to Rs 179 billion during FY19.

    The current Price to earnings ratio of ORIENTAL BANK, based on rolling 12 month earnings, stands at 13.7x.

    This article (ORIENTAL BANK Plunges by 6%; BSE BANKEX Index Up 0.0%) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • SHIPPING CORP. Surges by 10%; BSE 500 Index Up 0.4%


    SHIPPING CORP. share price has zoomed 10% and is presently trading at Rs 69.

    Meanwhile, the BSE 500 Index is at 15,512 (up 0.4%).

    Among the top Gainers in the BSE 500 Index today are SHIPPING CORP. (up 10.2%) and TEJAS NETWORKS LTD (up 20.0%).

    CRISIL and KPR MILL are among the top losers today.

    Over the last one year, SHIPPING CORP. has moved up from Rs 45 to Rs 69, registering a gain of Rs 24 (up 53.7%).

    On the other hand, the BSE 500 has moved up from 14,346 to 15,512, registering a gain of 1,166 points (up 7.7%) during the last 12 months.

    The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 137.7%), RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD (up 112.8%) and MANAPPURAM FINANCE (up 95.0%).

    Listen In: Our Investor Hour Podcast Connects You with the World's Most Successful Investors

    What About the Benchmark Indices?

    The BSE Sensex is at 40,816 (up 0.5%).

    The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 6.1%), INDUSIND BANK (up 4.6%) and RELIANCE IND. (up 2.7%). Other gainers include COAL INDIA (up 1.7%) and MARUTI SUZUKI (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

    In the meantime, NSE Nifty is at 12,039 (up 0.4%). SUN PHARMA (up 6.0%) and ZEE ENTERTAINMENT (up 4.5%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,816, registering a gain of 5,041 points (up 13.6%).

    SHIPPING CORP. Financial Update...

    SHIPPING CORP. net profit down at Rs 565 million for the quarter ended September 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 7.1% to Rs 10.0 billion during the period as against Rs 10.7 billion in July-September 2018.

    For the year ended March 2018, SHIPPING CORP. reported 78.4% increase in net profit to Rs 2.5 billion compared to net profit of Rs 1.4 billion during FY17.

    Revenue of the company grew 0.6% to Rs 35 billion during FY18.

    The current Price to earnings ratio of SHIPPING CORP., based on rolling 12 month earnings, stands at 24.6x.

    This article (SHIPPING CORP. Surges by 10%; BSE 500 Index Up 0.4%) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

  • GODFREY PHILLIPS Plunges by 6%; BSE 500 Index Up 0.4%


    GODFREY PHILLIPS share price has plunged 6% and is presently trading at Rs 1,224.

    Meanwhile, the BSE 500 Index is at 15,512 (up 0.4%).

    Among the top losers in the BSE 500 Index today are GODFREY PHILLIPS (down 6.2%) and INDIABULLS INTEGRATED SERVICES (down 5.0%).

    UCO BANK (up 20.0%) and TEJAS NETWORKS LTD (up 20.0%) are among the top gainers today.

    Over the last one year, GODFREY PHILLIPS has moved up from Rs 862 to Rs 1,224, registering a gain of Rs 362 (up 42.0%)..

    The BSE 500 has moved up from 14,346 to 15,512, registering a gain of 1,166 points (up 8.1%) during the last 12 months.

    The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 137.8%), RELIANCE NIPPON LIFE ASSET MANAGEMENT LTD (up 112.8%) and MANAPPURAM FINANCE (up 95.1%).

    Listen In: Our Investor Hour Podcast Connects You with the World's Most Successful Investors

    What About the Benchmark Indices?

    The BSE Sensex is at 40,816 (up 0.5%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 6.0%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

    In the meantime, NSE Nifty is at 12,039 (up 0.4%). SUN PHARMA (up 5.9%) and ZEE ENTERTAINMENT (up 4.7%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved up from 35,775 to 40,816, registering a gain of 5,041 points (up 13.7%).

    GODFREY PHILLIPS Financial Update...

    GODFREY PHILLIPS net profit stood at Rs 1 billion for the quarter ended September 2019, compared to a profit of Rs 785 million a year ago. Net Sales rose 8.3% to Rs 7.5 billion during the period as against Rs 6.9 billion in July-September 2018.

    For the year ended March 2019, GODFREY PHILLIPS reported 87.2% increase in net profit to Rs 2.6 billion compared to net profit of Rs 1.4 billion during FY18.

    Revenue of the company grew 9.6% to Rs 26 billion during FY19.

    The current Price to earnings ratio of GODFREY PHILLIPS, based on rolling 12 month earnings, stands at 3.5x.

    This article (GODFREY PHILLIPS Plunges by 6%; BSE 500 Index Up 0.4%) is authored by Equitymaster.

    Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

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