Last Updated: 04 Jul 2020 05:11 AM

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  • Sensex Ends 178 Points Higher; Telecom and Power Stocks Witness Buying


    Indian share markets witnessed buying interest throughout the day today and ended on a positive note.

    Benchmark indices edged higher as positive developments in a coronavirus vaccine trial improved global risk sentiment.

    Global stock markets were upbeat after a Covid-19 vaccine from Pfizer and Germany's BioNTech was found to be well tolerated in early-stage human trials.

    Sentiment also got a boost after US non-farm payrolls released overnight beat expectations, raising optimism of a V shape recovery. This came as an addition to the recent PMI data from China which was also ahead of expectations and rather encouraging.

    At the closing bell, the BSE Sensex stood higher by 178 points (up 0.5%). The NSE Nifty closed higher by 56 points (up 0.5%).

    The SGX Nifty was trading at 10,560, up by 21 points, at the time of writing.

    The BSE Mid Cap index ended the day up by 0.6%, while the BSE Small Cap index ended up by 0.5%.

    On the sectoral front, gains were largely seen in the telecom sector and power sector.

    Metal stocks on the other hand, witnessed selling pressure.

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    Rapid Profits Summit: Watch Replay Now | Read Transcript

    (Video Goes Off Air Forever at 11:59PM TONIGHT!)
    ------------------------------

    Asian stock markets ended on a positive note today. As of the most recent closing prices, the Hang Seng ended up by 1% and the Shanghai Composite stood higher by 2%. The Nikkei ended up by 0.7%.

    In US, Wall Street closed higher, and the Nasdaq reached an all-time closing high on Thursday buoyed by a record surge in payrolls, which provided assurance that the US economic recovery was well under way.

    European stocks fluctuated alongside US futures, with global equities poised to cap their best week in a month on improving economic data and government support.

    The rupee is trading at 74.66 against the US$.

    Gold prices are trading down by 0.3% at Rs 48,020 per 10 grams.

    Speaking of the current stock market scenario, the last few months have witnessed the kind of shifts that most investors would recall as once in a lifetime.

    The Sensex is up over 34% from the lows in March 2020. At that time, it had declined by over 20%. That seemed to suggest the start of a bear market.

    What's Driving the Markets?

    So, what's driving the markets? An important driver of this rally is the inflow from global funds, now that the global economies have opened the liquidity tap.

    A lot of this money is coming to the mid and smallcap space.

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    As per our co-head of research, Rahul Shah, there is indeed something a lot more interesting about the rebound opportunity in smallcaps versus large-caps this time.

    In times like these, Rahul has been looking at penny stock investing strategies that aims to maximise profits and at the same time, keep losses to a bare minimum.

    In the video below, he tells us about a proven blueprint that you can use again and again to zero in on multi-bagger penny stocks on a consistent basis.

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    In news from the defense sector, defence stocks were in focus today after the Ministry of Defence (MoD) approved the purchase of weapons and equipment worth Rs 389 billion.

    The ministry said procurement from Russia and upgrade of MiG-29s would cost about Rs 74.2 billion, while Hindustan Aeronautics (HAL) would build the Sukhoi-30MKI fighters in Nashik for an estimated Rs 107.3 billion.

    Shares of Hindustan Aeronautics rallied up to 10% on back of the above news.

    URGENT RELEASE: Vijay Bhambwani's #1 Investment of The Decade. Get Details NOW.

    Meanwhile, Bharat Dynamics hit a 52-week high of Rs 378, up 12% on the BSE. The stock has rallied about 29% in the ongoing week after the company's net profit more-than-doubled at Rs 3.1 billion in March quarter (Q4FY20) on the back of strong operational income.

    In the month of May, the government had hiked foreign direct investment (FDI) via automatic route from 49% to 74% as part of reforms in the defence sector to boost the government's Make in India campaign.

    Walchandnagar Industries, Bharat Electronics, Bharat Forge and other stocks engaged in the defence sector ended up in the range of 3-10%.

    Moving on to news from the pharma sector, Cadila Healthcare and Pfizer were among the buzzing stocks today.

    Shares of Cadila Healthcare surged 5% today after the company said its vaccine candidate for Covid-19 has received the permission from DGCI for human clinical trials.

    In an exchange filing, the company said it has received the approval from Drug Controller General of India - Central Drugs Standard Control Organisation (DCGI-CDSCO) to initiate Phase I/II human clinical trials for its Covid-19 (plasmid DNA) vaccine.

    The company has completed preclinical development and plans to begin the trials in July 2020.

    The company intends to rapidly ramp up the production capacities of ZyCoV-D at multiple sites and facilities to cater to Indian and global demand.

    Cadila Healthcare share price ended the day up by 0.3%.

    Meanwhile, here's an interesting data reported by Economic Times recently.

    Nearly 1.2 million new demat accounts were opened in the month of March and April during the lockdown.

    Most people are drawn to trading because of the availability of free time during the lockdown. It doesn't take much of an effort to enter the markets. But it would take hell of an effort to survive and profit from the market.

    If you are one of those new to trading, and if you want to learn more about using technical analysis and charts to improve your trading, then read this free article here: The Secret to Success in Intra-Day Trading.

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



    This article (Sensex Ends 178 Points Higher; Telecom and Power 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.

  • SIEMENS Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6%


    SIEMENS share price has zoomed 5% and is presently trading at Rs 1,154.

    Meanwhile, the BSE CAPITAL GOODS Index is at 13,137 (up 1.6%).

    Among the top Gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 5.2%) and HINDUSTAN AERONAUTICS (up 10.3%).

    HAVELLS IND (down 0.3%) and V GUARD INDUSTRIES (down 0.6%) are among the top losers today.

    Over the last one year, SIEMENS has moved down from Rs 1,327 to Rs 1,154, registering a loss of Rs 173 (down 13.3%).

    On the other hand, the BSE CAPITAL GOODS has moved down from 19,932 to 13,137, loss of 6,795 points (down 34.3%) during the last 12 months.

    The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HINDUSTAN AERONAUTICS (up 21.6%) and HONEYWELL AUTOMATION (up 17.6%).

    URGENT RELEASE: Vijay Bhambwani's #1 Investment of The Decade. Get Details NOW.

    What About the Benchmark Indices?

    The BSE Sensex is at 36,110 (up 0.5%).

    The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.9%), BAJAJ AUTO (up 2.5%) and TITAN (up 2.1%). Other gainers include TCS (up 1.9%) and NTPC (up 1.9%). The most traded stocks in the BSE Sensex are ONGC and ITC.

    In the meantime, NSE Nifty is at 10,631 (up 0.6%). The top gainers in the NSE Nifty include EICHER MOTOR (up 4.1%), BHARTI AIRTEL (up 4.0%) and ADANI PORTS & SEZ (up 3.9%). Other gainers include HERO MOTOCORP (up 2.6%) and BAJAJ AUTO (up 2.2%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved down from 39,816 to 36,110, registering a loss of 3,706 points (down 9.50%).

    SIEMENS Financial Update...

    SIEMENS net profit down at Rs 2 billion for the quarter ended March 2020, compared to a loss of Rs 3 billion a year ago. Net Sales rose 5.7% to Rs 28.2 billion during the period as against Rs 26.7 billion in January-March 2019.

    For the year ended September 2019, SIEMENS reported 22.0% increase in net profit to Rs 11.0 billion compared to net profit of Rs 9.0 billion during FY18.

    Revenue of the company grew 7.6% to Rs 138 billion during FY19.

    The current Price to earnings ratio of SIEMENS, based on rolling 12 month earnings, stands at 40.4x.

    This article (SIEMENS Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6%) 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.

  • BHEL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.7%


    BHEL share price has zoomed 5% and is presently trading at Rs 39.

    Meanwhile, the BSE CAPITAL GOODS Index is at 13,137 (up 1.7%).

    Among the top Gainers in the BSE CAPITAL GOODS Index today are BHEL (up 5.4%) and HINDUSTAN AERONAUTICS (up 10.8%).

    HAVELLS IND (down 0.2%) and SADBHAV ENGINEERING (down 0.2%) are among the top losers today.

    Over the last one year, BHEL has moved down from Rs 72 to Rs 39, registering a loss of Rs 33 (down 46.3%).

    On the other hand, the BSE CAPITAL GOODS has moved down from 19,932 to 13,137, loss of 6,795 points (down 34.2%) during the last 12 months.

    The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HINDUSTAN AERONAUTICS (up 22.2%) and HONEYWELL AUTOMATION (up 17.9%).

    URGENT RELEASE: Vijay Bhambwani's #1 Investment of The Decade. Get Details NOW.

    What About the Benchmark Indices?

    The BSE Sensex is at 36,110 (up 0.4%).

    The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.7%), BAJAJ AUTO (up 1.7%) and HCL TECHNOLOGIES (up 1.6%). Other gainers include RELIANCE IND. (up 1.5%) and TCS (up 1.4%). The most traded stocks in the BSE Sensex are ONGC and ITC.

    In the meantime, NSE Nifty is at 10,631 (up 0.4%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 3.9%), BHARTI AIRTEL (up 3.7%) and EICHER MOTOR (up 2.6%). Other gainers include HERO MOTOCORP (up 2.1%) and TATA MOTORS (up 2.1%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved down from 39,816 to 36,110, registering a loss of 3,706 points (down 9.63%).

    BHEL Financial Update...

    BHEL net profit down at Rs 15 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 11.1% to Rs 50.5 billion during the period as against Rs 56.8 billion in January-March 2019.

    For the year ended March 2019, BHEL reported 44.1% increase in net profit to Rs 11.9 billion compared to net profit of Rs 8.3 billion during FY18.

    Revenue of the company grew 5.3% to Rs 304 billion during FY19.

    The current Price to earnings ratio of BHEL, based on rolling 12 month earnings, stands at down 19.3x.

    This article (BHEL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.7%) 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.

  • HINDUSTAN AERONAUTICS Share Price Up by 12%; BSE 500 Index Up 0.5%


    HINDUSTAN AERONAUTICS share price has zoomed 12% and is presently trading at Rs 862.

    Meanwhile, the BSE 500 Index is at 13,823 (up 0.5%).

    Among the top Gainers in the BSE 500 Index today are HINDUSTAN AERONAUTICS (up 11.6%) and BHARAT DYNAMICS (up 11.7%).

    VST INDUSTRIES and 3M INDIA are among the top losers today.

    Over the last one year, HINDUSTAN AERONAUTICS has moved up from Rs 700 to Rs 862, registering a gain of Rs 162 (up 23.1%).

    On the other hand, the BSE 500 has moved down from 15,430 to 13,823, loss of 1,607 points (down 10.6%) during the last 12 months.

    The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 647.6%), DIXON TECHNOLOGIES (up 156.1%) and NAVIN FLUORINE (up 136.7%).

    URGENT RELEASE: Vijay Bhambwani's #1 Investment of The Decade. Get Details NOW.

    What About the Benchmark Indices?

    The BSE Sensex is at 36,110 (up 0.5%).

    The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.5%), BAJAJ AUTO (up 2.0%) and POWER GRID (up 1.7%). Other gainers include RELIANCE IND. (up 1.6%) and TCS (up 1.5%). The most traded stocks in the BSE Sensex are ONGC and ITC.

    In the meantime, NSE Nifty is at 10,631 (up 0.4%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 3.9%), BHARTI AIRTEL (up 3.8%) and BHARTI INFRATEL (up 2.6%). Other gainers include EICHER MOTOR (up 2.3%) and TATA MOTORS (up 2.3%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved down from 39,816 to 36,110, registering a loss of 3,706 points (down 9.56%).



    This article (HINDUSTAN AERONAUTICS Share Price Up by 12%; BSE 500 Index Up 0.5%) 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.

  • JINDAL SAW LTD Share Price Up by 5%; BSE METAL Index Down 0.5%


    JINDAL SAW LTD share price has zoomed 5% and is presently trading at Rs 62.

    Meanwhile, the BSE METAL Index is at 7,341 (down 0.5%).

    Among the top Gainers in the BSE METAL Index today is JINDAL SAW LTD (up 5.3%).

    VEDANTA LTD (down 0.3%) and HINDUSTAN ZINC (down 0.4%) are among the top losers today.

    Over the last one year, JINDAL SAW LTD has moved down from Rs 83 to Rs 62, registering a loss of Rs 21 (down 25.8%).

    On the other hand, the BSE METAL has moved down from 11,151 to 7,341, loss of 3,810 points (down 35.0%) during the last 12 months.

    The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 9.9%).

    URGENT RELEASE: Vijay Bhambwani's #1 Investment of The Decade. Get Details NOW.

    What About the Benchmark Indices?

    The BSE Sensex is at 36,110 (up 0.4%).

    The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.8%), BAJAJ AUTO (up 1.7%) and TCS (up 1.7%). Other gainers include POWER GRID (up 1.7%) and RELIANCE IND. (up 1.6%). The most traded stocks in the BSE Sensex are ONGC and ITC.

    In the meantime, NSE Nifty is at 10,631 (up 0.5%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 4.0%), BHARTI AIRTEL (up 3.9%) and EICHER MOTOR (up 2.3%). Other gainers include TATA MOTORS (up 2.3%) and BHARTI INFRATEL (up 2.2%) are among the top gainers in NSE Nifty.

    Over the last 12 months, the BSE Sensex has moved down from 39,816 to 36,110, registering a loss of 3,706 points (down 9.60%).

    JINDAL SAW LTD Financial Update...

    JINDAL SAW LTD net profit down at Rs 258 million for the quarter ended March 2020, compared to a loss of Rs 1 billion a year ago. Net Sales declined 7.8% to Rs 24.9 billion during the period as against Rs 27.0 billion in January-March 2019.

    For the year ended March 2019, JINDAL SAW LTD reported 311.2% increase in net profit to Rs 4.0 billion compared to net profit of Rs 968.0 million during FY18.

    Revenue of the company grew 41.5% to Rs 121 billion during FY19.

    The current Price to earnings ratio of JINDAL SAW LTD, based on rolling 12 month earnings, stands at 3.3x.

    This article (JINDAL SAW LTD Share Price Up by 5%; BSE METAL Index Down 0.5%) 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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  • Time to Get Active on Passive Funds?

    Globally, as a majority of the actively-managed funds have been underperforming their benchmark indices for a long time, investor money has been flowing into low-cost passive (or index) funds. In India, while the money managed by index funds pales in comparison with that handled by actively-managed funds, they have been gaining in popularity. They are […]

    The post Time to Get Active on Passive Funds? appeared first on Insights.

  • Should You Invest In Gold?

    Wow or Oops! Let us look at the recent Gold ETF returns.. Wow! We need to invest in Gold ETF 🙂 But hang on. Let us rewind 1 year back.. Oops. We need to sell Gold 🙁 Same asset class – but two completely different interpretations! Note: Returns of Nippon India ETF Gold BeES (largest […]

    The post Should You Invest In Gold? appeared first on Insights.

  • Monthly Market Insight – May 2020

    The May 2020 edition of FundsIndia’s Monthly Market Insight discusses the PM’s proposed 20 Lakh Crore Stimulus and the Market bounce despite the growing pandemic. Gross Domestic Product (GDP) rose by 3.1% for Q4 in FY-20 compared to 4.1% (revised growth data) for Q3 in FY-20. GDP growth rate of FY-20 stood at 4.2% compared to […]

    The post Monthly Market Insight – May 2020 appeared first on Insights.

  • Arbitrage Funds – Look Before You Leap

    Arbitrage funds have seen some revival in investor interest in recent times. Most often these funds have been pitched to investors as an alternative to debt funds for parking short-term surpluses, given their tax advantage.  Are the seemingly risk-free arbitrage funds a better alternative to shorter duration debt funds? Yes to some extent, if we […]

    The post Arbitrage Funds – Look Before You Leap appeared first on Insights.

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