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Hero seeks 3 months to exhaust BS-IV stock; Tata Motors may shut down Pune plant

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Sat, 21 Mar 2020 10:29:00 +0000

The past week saw two new SUV launches but they almost went unnoticed. Hyundai and Volkswagen launched the new Creta and T-Roc respectively but they were overshadowed by news emerging due to coronavirus. That aside, Hero Motocorp quietly appealed to the SC for relaxation in the deadline of exhaustion of BS-IV stock.

In today’s automotive wrap find out why the company became the only one to do so even as its rivals appear to have managed their own BS-IV inventory better. But first here are the top headlines from the world of auto this week:-

Hyundai launches new Creta at Rs 9.99 lakh

Hyundai Motor India Ltd (HMIL) launched the new Creta on March 16 at an introductory price of Rs 9.99 lakh (ex-showroom, all-India).

HMIL offered the new SUV with three BS-VI compliant engine options – 1.5 litre petrol, 1.4 litre petrol and 1.5 litre diesel with price starting at Rs 9.99 lakh, Rs 16.16 lakh and Rs 9.99 lakh respectively.

Volkswagen launches T-Roc SUV at Rs 19.99 lakh

Volkswagen first debuted the T-Roc at the 2020 Auto Expo and has now launched the SUV in India. The T-Roc will be Volkswagen’s second SUV in India after the recent launch of the Tiguan Allspace.

The T-Roc, just like the Allspace, will come to India via the completely built-up (CBU) route under the 2,500 car per year import rule. The company is however just offering a single, fully-loaded variant of the T-Roc in India.

Apollo Tyres management takes a pay cut

The top management of Apollo Tyres has taken voluntary pay cut taking into account the impact of the coronavirus (COVID-19) pandemic on the automotive industry, the company informed the exchanges on March 20.

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5 Sectors to Lead Next Rally on D-St after Covid-19 Fall

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Fri, 20 Mar 2020 06:52:00 +0000

The Indian market has fallen about 30% from its record high of 12,140 registered on January 20, and a large part of the fall could be attributed to the global sell-off amid signs of economic slowdown due to the rise in Coronavirus cases across the globe.

Factoring the worst, Morgan Stanley in a note on March 17, warned investors that the seismic waves of COVID-19 are likely to trigger a global recession. S&P Global in a note said that the coronavirus outbreak has plunged the world's economy into a global recession.

At a time when the global economy is going through a recession, India Inc. is likely to face a rub-off effect which will in turn impact demand and earnings.

Some brokerage firms are already discounting a double-digit earnings cut in low teens while some sectors are likely to get positively impacted by the Covid-19 outbreak.

Coronavirus is having a major impact on the global economy and the stock markets across the globe. India is among the top 15 economies which are most affected due to this pandemic.

The positive side for the Indian economy is the significant correction in the crude oil prices as India imports 85% of its oil needs which is the silver lining, suggest experts. Sectors that are defensive in nature as well as focused towards consumption are likely to do well along with insurance sectors.

An intermittent rally in sectors like insurance, industrial gases & fuels and retail could be possible as the advance-decline ratio of these sectors are greater than or equal to 0.50 on MoM basis.

This implies that most of the stocks in the above-mentioned sectors are still considered to be bullish and hold the potential to generate good returns in the near future as per investor’s sentiments,” he said.

We also spoke to various experts on sectors which are likely to drive next leg of the rally in the market as and when the dust settles:

After a significant correction and high volatility in the Indian markets, we would advise investors to invest in defensive sectors like Consumer Durables, Paints and Pharma Space as they would be first amongst other sectors that would witness a reversal, with recovery in the markets.

Banking/NBFCs:

Also investing in large private Banking/NBFC would be considered as a safe bet. Going forward, in the medium to long-term we expect a recovery in the FMCG/ Consumer Durables sectors with improvement in the overall economy and uptick in demand.

Paint:

The Paints sector would benefit from lower crude oil prices and recovery in the consumption cycle.

Pharma:

Pharma counters are expected to be immune to the economic slowdown and we believe these counters have been in focus post the virus breakout.

FMCG:

We have a strong bet for the FMCG sector as this the sector stands to gain from the slide in crude prices since many companies use oil and its derivatives in their products.
Demand will surge especially on a day to day essentials consumer products as they have high growth potential and with ongoing health circumstances, people will invest more in hygiene products.

Insurance sector:

The Indian life insurance industry has evolved in the last two decades post-privatization of the industry in 2000. While growth has been aided by strong capital markets, there have also been interim setbacks in the form of regulatory changes. The private players have shown healthy growth since 2014.

Going forward, insurers are well poised to maximize the long the term growth potential of the industry on the back of a stable regulatory environment, favorable demographics and increasing digital adoption by the customers.

These are few factors outlining the same as changing demographic profile & low insurance penetration. Keeping these factors in the mind insurance industry has a big scope in the coming fiscal years and currently looking at fundamentals many stocks are available at attractive valuations.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 20 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Fri, 20 Mar 2020 03:56:00 +0000

➨SENSEX:

OPEN: 28460.82

PREV CLOSE: 28288.23 (⇑ 172.59 )

➨BANK NIFTY:

OPEN: 19898.30

PREV CLOSE: 20083.50 (⇓ -185.2 )

➨NIFTY 50:

OPEN: 8284.45

PREV CLOSE: 8263.45 (⇑ 21 )

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Over 25 stocks lose large-cap tag in market meltdown; time to buy or stay away!

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Thu, 19 Mar 2020 06:19:00 +0000

Sensex has lost more than 30 percent so far this year, that's nearly 13,000 points and is down about 33 percent from its record high of 42,273 registered on January 20.

The average market capitalization of BSE-listed companies have come down by more than Rs 40 lakh cr in the same period. Tracking the sell-off in markets, nearly 30 companies have turned into midcaps from large-caps in the same period as fears of economic slowdown gripped equity markets across the globe.

We have categorized large-caps as companies with a market capitalization of over Rs 20,000 cr as on January 1. As per the Amfi calculations, the top 100 stocks in terms of market capitalization are classified as large-caps and the market-cap is usually over Rs 20,000 cr.

There are as many as 27 companies in BSE500 index whose market capitalization has fallen below Rs 20,000 cr as on March 16, 2020, data from AceEquity showed. The list includes names like Adani Transmission, Adani Power, Canara Bank, Bank of India, LIC Housing, Shriram Transport, Bharat Forge Ashok Leyland, etc. among others.

So what should investors do now? After the recent decline which is primarily led by external factors, massive wealth erosion has happened on D-Street. Does that make some of these stocks an attractive buy?

Well, experts are of the view that some of the companies which have turned midcaps from large-caps can be looked at as a buy candidate but not every stock or a company is looking attractive.

A lot of large-caps have seen their market caps drop, purely driven by the market sentiment and external shocks. However, not all of them are Buys currently, because some of them also have lost out due to governance issues and other uncertainties.

Only those that are fundamentally strong and with higher localized business may be considered for accumulation in this market scenario.

Specifically, if someone is looking to buy in some of the companies from the list then Bata and PI Industries along with Gillette are looking attractive, suggest experts.

Talking about the specific stocks from the list we like Bata India, PI Industries and Gillette India. We would advise investors to start accumulating these 3 stocks from the list.

We don’t believe markets have bottomed out and do not recommend to make an entire investment in one go. There is a panic in the markets and long terms investors will definitely get a good bargain till the dust settles.

What to avoid:

Now the question is – what should they avoid especially at a time when every stock is available at a steep discount when compared to their record highs or even 52-week highs.

Only selective companies have turned into midcap companies due to loss of valuation. Travel stocks should be avoided for the next one year, financial markets will take time to recover from the scare of deadly coronavirus. The best bid is to avoid stocks of travel companies, especially, focusing on Southeast Asian countries.

Nair of Geojit Financial Services is of the view that export-oriented business should be avoided because of the reduction in demand and trade restrictions or those companies that depend on raw materials from abroad because of supply chain issues (especially from China), will be impacted materially in the near term.

These include sectors like Pharma, Automobiles & Ancillaries and Metals. FMCG sector is likely to see limited impact while the smaller Public Sector Banks are also likely to underperform, given the uncertainty in Investor’s mind post the Yes Bank issue and the proposed the amalgamation of smaller banks.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 19 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Thu, 19 Mar 2020 03:47:00 +0000

➨SENSEX:

OPEN:  27,773.36

PREV CLOSE: 28,869.51   (⇓ - 1096.15)

➨BANK NIFTY:

OPEN: 22411.85

PREV CLOSE: 22155.15 (⇑ 256.7 )

➨NIFTY 50:

OPEN: 8063.30

PREV CLOSE: 8468.80   (⇓ -405.5)

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Buzzing Stock News: Don’t Look at Timing The Market

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Wed, 18 Mar 2020 06:27:00 +0000

Traders should adopt “Hit and Run Gorilla Trades” which means they should not take overnight positions, should respect the intraday trend and square up their positions in a day itself.

Benchmark indices have fallen more than 20%g from their respective record highs registered in January effectively placing the Indian market in a bear phase.

The first thing which one should understand is not to be under an illusion that they can time the market. Yes, the way this can be done is to deploy cash in markets in a staggered way.

“In this sharp decline, we are suggesting our clients begin their investments in quality stocks with 20-25% of their investment corpus designated for the equity asset class and infuse their capital slowly in the next 2-3 installments whereas traders should still remain cautious as market volatility will remain an intact cause of coronavirus crisis.

The next question is how can one look at picking stocks? There will be a lot of beaten-down stocks that might be looking attractive from a price perspective, but are all of them a good buy? History, suggest otherwise.

The idea is to invest in stocks that have strong fundamentals because most of the decline is largely due to external factors. To start with, investors should analyze the core the business of the company, balance sheet, profit, and loss statement, and valuations such as EPS, PE, ROCE as all these factors indicate the health of the company.

“Though there are many strategies to invest or select stocks, one should have a mix of value and growth stocks while constructing a portfolio.

“One can select stocks where the fundamental growth is consistent and the long-term business prospects are fairly decent. Also, many high dividend-yielding stocks are available at relatively cheap valuations which can also add value in the long run.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 18 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Wed, 18 Mar 2020 03:42:00 +0000

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➨SENSEX:

OPEN: 30,968.84

PREV CLOSE: 30,579.09 (⇑ 389.75)

➨BANK NIFTY:

OPEN: 22,411.85

PREV CLOSE: 22,155.15 (⇑ 256.7 )

➨NIFTY 50:

OPEN: 9,088.45

PREV CLOSE: 8,967.05 (⇑ 121.4)

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Sensex off day's high, up 200 pts; Vedanta jump up to 7%

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Tue, 17 Mar 2020 06:13:00 +0000

Indian equity markets were trading with gains in Tuesday's highly volatile session that saw the volitality index, India VIX, surge over 7 per cent to a 12-year high level of 63.14.

The S&P BSE Sensex was hovering around 31,660 levels, up 240 points, or 0.76 per cent after falling as much as 500 points earlier in the session. The Nifty50 index was trading 54 points, or 0.6 per cent, higher at 9,250 levels. Majority of the Nifty sectoral indices were trading in the green with Nifty Metal index, up 3 per cent, and Nifty Pharma index, up 2 per cent, leading the gains.

Among individual stocks, shares of YES Bank rallied over 60 per cent to Rs 60.65 on the NSE after global rating agency Moody's upgraded YES Bank's long-term foreign currency rating from "Caa3" to "Caa1".

Power Grid (up 6 per cent) and Sun Pharma (up 5 per cent) were the top gainers in the Sensex pack. On the other hand, index heavayweights Infosys and HDFC Bank were both trading over 1 per cent lower each.

In the broader market, the S&P BSE MidCap index was up 33 points, or 0.28 per cent, and the S&P BSE SmallCap index was flat.

Vedanta jump up to 7% on rise in steel demand -

Among individual stocks, SAIL soared 6.7 per cent to Rs 29.10 on the NSE, followed by gains in Vedanta (6.4 per cent), Jindal Steel (6.3 per cent), Tata Steel (6.2), National Aluminium Company (5 per cent), and Hindalco (4.4 per cent). Besides, NMDC, JSW Steel, Hindustan Copper, Moil, and Hindustan Zinc advanced between 2.7 per cent and 4.9 per cent.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 17 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Tue, 17 Mar 2020 03:44:00 +0000

➨SENSEX:

OPEN:  31,611.57

PREV CLOSE: 31309.07   (⇓ 221.5 )

➨BANK NIFTY:

OPEN: 24,061.60

PREV CLOSE: 25,166.45  (⇓ -1104.85 )

➨NIFTY:

OPEN: 9,285.40

PREV CLOSE: 9,197.40   (⇑ 88 )

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Sensex Plummets 1,500 points; 4 factors Weighing On Market...

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Mon, 16 Mar 2020 06:06:00 +0000

Overseas investors pulled out a net sum of Rs 24,776.36 crore from equities and Rs 13,199.54 crore from the debt segment between Mar 2-13, depositories data showed.

Tracking sell-off in global equities, the Indian market witnessed a knee-jerk reaction on March 16 pushing Sensex and Nifty50 below crucial support levels.

The S&P BSE Sensex broke below 33,000 levels while the Nifty50 broke below 9,500 levels.

The Indian rupee opened lower by 15 paise at 74.06 per dollar versus on Monday against Friday's close 73.91.

On the sectoral front, selling pressure was seen in realty, metals, power, public sector, and Bankex. The Nifty Bank fell nearly 5 percent or 12000 points in opening trade.

The global trend remains weak:-

After a swift rally seen in US markets on Friday, things were looking promising for a stable Monday morning. But, Asian markets were trading weak tracking sharp selloff in Dow Futures.

U.S. stock futures plunged 4.8% to hit their down limit before daybreak in Singapore. The dollar sank more than 2% against the yen, said a Reuters report.

Australia’s benchmark stock index fell 7 percent in the first quarter-hour of the trade before paring some of the losses. New Zealand shares were down 3 percent. Japan’s Nikkei was flat and South Korea’s KOSPI was a shade weaker.

US Fed's emergency cut spooks investors:-

The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, said a Reuters report.

The US Fed slashed short-term rates to a target range of 0% to 0.25%, and announcing at least $700 billion in Treasuries and mortgage-backed securities purchases in the coming weeks.

Depository institutions may borrow from this so-called the discount window for periods as long as 90 days, pre-payable and renewable by the borrower on a daily basis.

“The Fed also said it would support U.S. banks that began to tap the capital and liquidity buffers they built up in the aftermath of the 2008 financial crisis and would reduce reserve requirement ratios to 0% effective on March 26,” said the report.

Oil extends slide! Nears $30 a barrel:-

Crude Oil prices extended losses on Monday, slumping by more than $1 a barrel. Fall in crude oil prices suggests slowdown globally. Generally, an orderly decline in crude oil prices, which if occurs due to increased supply is beneficial for the domestic economy but in case of fears of a global slowdown, it will result in fall inequities as well.

"During the global financial crisis 2008, crude oil prices plunged nearly 70% in a span of seven months on demand concerns as the subprime crisis threatened the global economy and financial system.

"The sharp plunge in crude oil prices was mirrored in the global equities too as the common factor was the global slowdown. Thus, when it is the question of severe impact on the global economy, crude oil and wider markets can’t be seen separately," he said.

FPIs press panic button, withdraw Rs 37,976 cr:-

Foreign portfolio investors (FPIs) have withdrawn a whopping Rs 37,976 crore on a net basis from the Indian markets in March so far amid the coronavirus pandemic triggering fears of a global recession.

Overseas investors pulled out a net sum of Rs 24,776.36 crore from equities and Rs 13,199.54 crore from the debt segment between Mar 2-13, depositories data showed.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 16 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Mon, 16 Mar 2020 03:44:00 +0000

➨SENSEX:

OPEN: 33,103.24

PREV CLOSE: 34,103.48 (⇓ -1000.24 )

➨BANK NIFTY:

OPEN: 24,061.60

PREV CLOSE: 25,166.45 (⇓ -1104.85 )

➨NIFTY:

OPEN: 9,587.80

PREV CLOSE: 9,955.20 (⇓ -367.4 )

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 11 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Wed, 11 Mar 2020 03:41:00 +0000

➨SENSEX:

OPEN: 35,468.90

PREV CLOSE: 35,634.95 (⇓ -166.05 )

➨BANK NIFTY:

OPEN: 26,272.75

PREV CLOSE: 26,462.60 (⇓ -189.85 )

➨NIFTY:

OPEN: 10,334.30

PREV CLOSE: 10,451.45 (⇓ -117.15 )

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 05 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Thu, 05 Mar 2020 03:43:00 +0000

➨SENSEX:

OPEN: 38,604.25

PREV CLOSE: 38,409.48 (⇑ 194.77 )

➨BANK NIFTY:

OPEN: 28,830.30

PREV CLOSE: 28,653.70 (⇑ 176.6 )

➨NIFTY:

OPEN: 11,306.05

PREV CLOSE: 11,251.00 (⇑ 55.05 )

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D-Street Buzz: Nifty Pharma outperforms led by Sun Pharma; Tata Chemicals tanks 56%

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Wed, 04 Mar 2020 06:54:00 +0000

The most active stocks included State Bank of India, Indiabulls Housing Finance, Reliance Industries, Sun Pharma and HDFC Bank.

The Indian share market traded in the red despite the US Federal Reserve cutting interest rates by 50 basis points amid the impact of the coronavirus outbreak.

Sensex is down 227.91 points or 0.59 % at 38395.79, and the Nifty shed 56 points and was trading at 11247.30.

Market rallied on hopes of a coordinated effort by major central banks to combat the economic fallout of the virus was kept in check on Wednesday by losses in heavyweight financials.

Metal stocks dragged the most dragged by Jindal Steel and Power which fell over 4% followed by Tata Steel, SAIL, JSW Steel, Hindustan Zinc and Vedanta.

Auto stocks were also under pressure dragged by Tata Motors which fell over 3% a day after the company reported a 34.42% cut in production in February 2020 due to fast-spreading coronavirus.

The other losers included Eicher Motors, Motherson Sumi Systems, Mahindra & Mahindra and TVS Motor Company.

However, the pharma index jumped over 2% led by Sun Pharma and Cipla which gained over 4% each. The other gainers included Dr. Reddy's Labs, Glenmark Pharma, Aurobindo Pharma and Cadila Healthcare.

Share price of Tata Chemicals crashed over 56% after the stock started trading on the bourses without food business. The company has fixed March 5, 2020, as the record date, to determine the shareholders of the Company to whom equity shares of Tata Consumer Products (TCPL) shall be issued in consideration for the demerger of the consumer products business of the Company into TCPL.

India VIX was down 0.16% and was trading at a 24.5 level.

SBI Cards and Payment Services, the first initial public offering of 2020 has seen a 88.51% subscription on March 4, the third day of bidding.

The biggest public offer after GIC Rein October 2017 has so far received bids for over 8.92 crore equity shares against IPO size of more than 10 crore equity shares (excluding anchor book), the exchanges data showed.

The top gainers included Vedanta, Sun Pharma, Cipla, Dr. Reddy's Labs, GAIL India and Asian Paints while the top losers included YES Bank, Tata Steel, Tata Motors, IndusInd Bank and Eicher Motors.

The most active stocks included State Bank of India, Indiabulls Housing Finance, Reliance Industries, Sun Pharma and HDFC Bank.

26 stocks hit new 52-week high on the BSE including Max Financial Services, Deepak Nitrite and Ipca Labs among others.

223 stocks hit a fresh 52-week low on the BSE including Tata Chemicals, Spicejet, PNB Housing Finance, Central Bank of India, Karur Vysya Bank, Exide Industries, Bank of India and CESC among others.

About 614 shares have advanced, 1292 shares declined, and 96 shares are unchanged.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 04 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Wed, 04 Mar 2020 03:46:00 +0000

➨SENSEX:

OPEN: 38,715.72

PREV CLOSE: 38,623.70 (⇑ 92.02)

➨BANK NIFTY:

OPEN: 29,252.95

PREV CLOSE: 29,177.05 (⇑75.9 )

➨NIFTY:

OPEN: 11,351.35

PREV CLOSE: 11,303.30 (⇑ 48.05)

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D-Street Buzz: Over 200 Stocks hit 52-week low on BSE; Vedanta, Sun Pharma up 3-4%...

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Tue, 03 Mar 2020 06:39:00 +0000

The most active stocks included State Bank of India, Indiabulls Housing Finance, Reliance Industries, Tata Motors, and HDFC Bank.

The Indian equity the market witnessed a rebound in trade on March 3 after seven straight sessions of losses, lifted by expectations that major central banks would take measures to mitigate the economic impact of the coronavirus outbreak.

The market is trading at the low point of the day with Sensex up 165.96 points or 0.44% at 38309.98, and the Nifty added 66.70 points at 11199.50.

Metal stocks witnessed some handsome gains with the index up over 2%. The top gainers included Vedanta and Hindalco Industries which jumped 3-4% followed by Jindal Steel & Power, Coal India, JSW Steel, Tata Steel, and MOIL.

The pharma index also added over 2% led by Sun Pharma which jumped over 3% after global research firm Morgan Stanley retained its overweight stance on the stock with a target of Rs 530 per share. The other gainers included Piramal Enterprises, Lupin, Cipla and Biocon.

However, banking names including PSU banks are trading in the red. Union Bank of India sheds 2% hitting a new 52-week low of Rs 35 per share. The other losers included J&K Bank, Bank of India, Indian Bank and State Bank of India.

The Rs 10,335 crore public offers of SBI Cards and Payment Services, the country's second-largest credit card issuer company has seen a subscription of over 42% on March 3, the second day of bidding.

The first IPO of the 2020 has received bids for over 4.24 crore equity shares against issue size of more than 10 crore shares (excluding anchor book's portion), as per the data showed by exchanges.

India VIX was up 3.45% and was trading at 26.07 levels.

According to the ICICI direct report, volatility has seen a surge from 10% to 25% already. It is expected to see a cool-off from 30%, which should ideally form the market bottom.

The top gainers included Vedanta, Sun Pharma, Zee Entertainment, Cipla and Eicher Motors while the top losers included Bajaj Auto, Bajaj Finserv, Axis Bank, Asian Paints and ITC.

The most active stocks included State Bank of India, Indiabulls Housing Finance, Reliance Industries, Tata Motors, and HDFC Bank.

31 stocks hit new 52-week high on the BSE including Metropolis Healthcare, Pfizer, Deepak Nitrite and Atul among others.

205 stocks hit fresh 52-week low on the BSE including Union Bank India, Karur Vysya Bank, Bank of India, Kalpataru Power, Dalmia Bharat, CESC, Exide Industries, V-Guard Industries, Elgi Equipments, and Raymond among others.

About 917 shares have advanced, 1020 shares declined, and 119 shares are unchanged.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 03 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Tue, 03 Mar 2020 03:46:00 +0000

➨SENSEX:

OPEN: 38,480.89

PREV CLOSE: 38144.02 (⇑ 336.87)

➨BANK NIFTY:

OPEN: 29701.00

PREV CLOSE: 29147.15 (⇑ 553.85)

➨NIFTY:

OPEN: 11217.55

PREV CLOSE: 29147.15 (⇑ 84.8)

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SBI Card IPO: How Many Up For Grabs...

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Mon, 02 Mar 2020 06:36:00 +0000

State Bank of India-owned SBI Cards & Payment Services’ (SBI Card) initial public offering will open for subscription from March 2 through March 5.

The company plans to raise up to Rs 10,341 crore by selling 13.71 crore shares at the upper end of the Rs 750-Rs 755 price band. The lot size has been decided at 19 shares, meaning one will have to shell out at least Rs 14,250 to bid for the issue.

The company plans to raise up to Rs 10,341 crore by selling 13.71 crore shares at the upper end of the Rs 750-Rs 755 price band. The lot size has been decided at 19 shares, meaning one will have to shell out at least Rs 14,250 to bid for the issue.

Retail investors:

Individual investors who wish to subscribe to the issue can apply under this category. The company has reserved 4,27,81,188 shares for this category, meaning it expects to raise up to Rs 3,229.98 crore from retail investors. As many as 22,51,641 lots are up for grabs in this category. A retail investor can apply for a maximum of 14 lots as the upper limit of the investment is capped at Rs 2 lakh as per regulations.

SBI shareholders:

Retail investors who also hold State Bank of India (SBI) shares can apply for shares reserved for this category. You are eligible even if you own just one share of the bank. SBI Card has reserved 1,30,52,680 shares for SBI shareholders and expects to raise up to Rs 985.48 crore from this category. There is no discount available under this category.

Employees:

Employees of the company can apply for the 18,64,669 shares reserved for them. The company has offered a discount of Rs 75 per share to the employees. This means the price band for them will be at Rs 675-680. At the upper end of the price band, the company expects to raise Rs 126.79 crore from the category.

Qualified Institutional Buyers (QIBs):

This segment of institutional investors include mutual funds, insurance companies, global portfolio managers, registered FIIs, sub-accounts of FIIs, sovereign funds, endowment funds, college superannuation funds, etc. SBI Card has reserved 2,44,46,393 shares for this category and expects to raise Rs 1,845.70 crore.

Non-Institutional Investors (NIIs):

This category includes all other investors other than those who fall under the retail and QIB categories. Thus this portion will include high net-worth individuals (HNIs) investing more than Rs 2 lakh per application, corporates, private limited companies, NBFCs, etc. The company has set aside 1,83,34,795 shares for this category of investors, which if fully subscribed will rake in up to Rs 1,384.28 crore.

Anchor Investors:

Qualified institutional buyers can also participate in the IPO process under this category. They need to make an application of a value of at least Rs 10 crore in the public issue to be eligible under this category. The company has reserved 3,66,69,590 shares for these investors.

The company on Saturday raised Rs 2,769 crore from 74 anchor investors, who included 12 mutual funds, besides Singapore government, Monetary Authority of Singapore, Government Pension Fund Global and others. They have been allocated 3,66,69,589 shares worth Rs 2,768.55 crore.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 02 Mar 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Mon, 02 Mar 2020 03:49:00 +0000

➨SENSEX:

OPEN: 38,910.95

PREV CLOSE: 38,297.29 (⇑ 613.66)

➨BANK NIFTY:

OPEN: 29,701.00

PREV CLOSE: 29,147.15 (⇑ 553.85)

➨NIFTY:

OPEN: 11,387.35

PREV CLOSE: 11,201.75 (⇑ 185.6)

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Sensex Plunged 5.96 Percent While the Nifty50 was Down 6.21%

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Sat, 29 Feb 2020 04:56:00 +0000

The month of February which got off to a shaky start especially after Budget 2020 and the Reserve Bank of India's Monetary Policy Committee (MPC). On the domestic front, bears took control of D-Street weighed down by rising concerns of a slowdown in growth, and muted earnings growth for December quarter; while on the global front, rising concerns of coronavirus (COVID-19) ignited risk-off sentiment.

The S&P BSE Sensex plunged 5.96 percent while the Nifty50 was down 6.21 percent in the month of February making it one of the worst monthly falls since September 2018, data showed.

Nearly 400 companies out of the top 500 companies recorded negative returns in February in the S&P BSE 500 index but 25 of them bucked the trend as they rose 10-60 percent in the same period.

Stocks which rallied in double digits at a time when Sensex broke below 39,000 and Nifty50 gave up 11,300 levels. These include names such as Bajaj Electricals, Swan Energy, V-Mart, Suzlon Energy, Max Financial Services, Trent, Abbott India, and Shilpa Medicare among others.

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SBI Cards IPO to open on March 2...

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Fri, 28 Feb 2020 08:43:00 +0000

State Bank of India owns 74 percent stake in the company and the rest 26 percent is held by CA Rover Holdings, an affiliate of the Carlyle Group.

The long-awaited initial public offering of SBI Cards and Payment Services, a subsidiary of the country's largest lender State Bank of India is set to open for subscription.

It will open on March 2 for four days, and will close on March 5.

This will be the largest IPO after General Insurance Corporation of India which came out with the initial offering in October 2017.

The anchor book, a part of qualified institutional buyer (QIB) portion, will open for a day on Friday, February 28.

Kotak Mahindra Capital The company, Axis Capital, DSP Merrill Lynch, HSBC Securities, and Capital Markets (India), Nomura Financial Advisory and Securities (India) and SBI Capital Markets will be book running lead managers to the issue.

IPO Size:-

SBI Cards proposed to raise Rs 10,289 crore at the lower end of the price band (Rs 750 per share) and Rs 10,355 crore at the upper end (Rs 755 per share).

It comprises a fresh issue of Rs 500 crore and an offer for sale of up to 13,05,26,798 equity shares.
As a part of the offer for sale, parent company SBI will sell up to 3,72,93,371 shares and CA Rover Holdings, an affiliate of the Carlyle Group, will sell up to 9,32,33,427 shares.
The offer includes a reservation of up to 18,64,669 equity shares for subscription by eligible employees and reservation of up to 1,30,52,680 equity shares for SBI shareholders.
Eligible employees will get shares at a discount of Rs 75 per share on the final issue price.
The price band for the issue has been fixed at Rs 750-755 per share. Bids can be made for a minimum of 19 equity shares and in multiples of 19 equity shares thereafter.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 28 FEB 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Fri, 28 Feb 2020 03:39:00 +0000

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➨SENSEX:

OPEN: 39,087.47

PREV CLOSE: 39,745.66 (⇓ -658.19 )

➨BANK NIFTY:

OPEN: 29,501.55

PREV CLOSE: 30,187.00 (⇓ -685.45)

➨NIFTY:

OPEN:11,382.00

PREV CLOSE: 11,633.30 ( ⇓ -251.3 )

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D-Street Buzz: Metal stocks tumble led by JSW Steel; YES Bank up 2%, VIX jumps....

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Thu, 27 Feb 2020 06:37:00 +0000

About 504 shares have advanced, 1470 shares declined, and 94 shares are unchanged.

Coronavirus the outbreak is fast developing into a pandemic and that has

unnerved investors as the Indian stock market has fallen for the fifth consecutive day.

Sensex is down 382.37 points or 0.96 percent at 39506.59, and the Nifty shed 115 points and is trading at 11563.50.

All sectoral indices are trading in the red with the metal index falling the most, down over 2%. The top losers included JSW Steel after Fitch revised the outlook on the company to 'negative' from 'stable'.

The other losers included Jindal Steel & Power, NALCO, Tata Steel, SAIL, Ratnamani Metals, NMDC and Hindustan Copper.

Realty stocks are also under pressure as stocks like Godrej Properties, Prestige Estates, Indiabulls Real Estate and Phoenix Mills falling 3-4% each. The other losers included DLF, Sobha and Sunteck Realty.

Nifty Media shed over 2 percent with Jagaran Prakashan falling over 5% followed by PVR, Sun TV Network, Zee Media, Inox Leisure, Hathway Cable, Dish TV & Network18.

India VIX spiked 3.12 percent and was trading at 18.83 level.

The top gainers from Nifty are YES Bank, Titan Company, Sun Pharma, Kotak Mahindra Bank and Asian Paints while the top losers included JSW Steel, ONGC, Wipro, Cipla and Mahindra & Mahindra.

The most active stocks included State Bank of India, HDFC Bank, Reliance Industries, Indiabulls Housing Finance and ICICI Bank.

48 stocks hit a new 52-week high on BSE including White Organic Retail, Fairchem Specialty, Suven Life Sciences, Aarti Drugs, IOL Chemicals, Neogen Chemicals, and Uttam Value Steel among others.

243 stocks hit a 52-week low on BSE including Future Consumer, Mahindra CIE Automotive, Gujarat Pipavav, GE T&D India, Finolex Cables, Oil India, Tata Power, NBCC, Engineers India, BHEL, LIC Housing Finance, PNB and Syndicate Bank among

others.

About 504 shares have advanced, 1470 shares declined, and 94 shares are unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

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Nifty | Nifty 50 | Nifty 50 Live | Bank Nifty | Sensex - Opening Today - 27 FEB 2020

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Thu, 27 Feb 2020 03:55:00 +0000

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➨SENSEX:

OPEN: 39,947.80

PREV CLOSE: 39,888.96 (⇓ -58.84)

➨BANK NIFTY:

OPEN:30,270.00

PREV CLOSE:30,306.85 (⇓ - 36.85)

➨NIFTY:

OPEN:11,661.25

PREV CLOSE: 11,678.50 ( ⇓ -17.25 )

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5 Factors : Sensex breaches 40K in intraday trade...

noreply@blogger.com (The GRS Solution | Best Stock Trading Services Provider) — Wed, 26 Feb 2020 09:05:00 +0000

Markets are likely to remain volatile ahead of February series monthly expiry on Thursday, as traders will rollover positions in the F&O segment to March series 2020.

The S&P BSE Sensex breached 40,000 marks briefly in the intraday trade on February 26 but bounced back, while the Nifty50 was trading around its 200-day exponential moving average placed around 11,720.

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Sectorally, selling pressure was seen in telecom, auto, realty, power, and metal indices.

The Indian currency gained in early trade. The rupee opened higher by 13 paise at

71.75 per dollar against the previous close of 71.88.

Top 5 factors that could be weighing on markets:

Weak Asian markets

Asian stocks fell on 26 February, causing losses in US markets overnight.

The sharp selloff pushed yields at the safe-haven treasury to record the ascent. S&P 500 & both Dow Jones industrial averages shed more than 3 percent in their fourth.

Yields on 10-year and 30-year US funds reached record lows and close to gold Concerns about the economic impact of the coronavirus outbreak rose safely - Haven Property, a Reuters report said.

Chinese shares declined by 1.3%. Shares in South Korea, surprised by a sudden increase in virus the infection briefly hit a two-month low, it said.

US coronavirus warning

The United States has asked Americans to begin preparations to spread coronavirus there is growth and apprehension within the country, as the outbreak of Iran, South Korea, and Italy the epidemic said that the epidemic would accelerate global markets.

The World Health Organization says that the epidemic in China is at its peak, but it is a matter of concern its spread in other countries is accelerating and investors are likely to maintain the lead.

The report states that the virus originated in China and spread to about 30 countries.

Slowdown in Asian economies Effects of coronavirus, outbreaks are likely to manifest as more than China the major economies of the region are expected to either slow down or stop.

Many Asian economies, which were limiting growth due to spillover effects so far the 18-month-long US-China trade the dispute was dealt a blow by the outbreak, which has been closed.

Technical View

The Nifty, which formed a candle of doubt on the daily chart on the previous day opened on February 27, with a gap around 11,720 to reclaim its critical support.

The major support on the daily chart is 200- DMA placed at 11,684.

The Supertrend indicator indicated sales on the daily chart. Last time it indicated a sell on January 28 and the Nifty tested 11,600 levels Before backing up.

On the Nifty monthly options front, the maximum Put OI is at 11,800 followed by 11,700

Strike while maximum Call OI is at 12,000 followed by 12,200 strikes.

Markets are inaccuracy mode and are likely to serve as significant support for the 11,600 indexes.

"Level 11,600 is the prime area for bulls as mentioned move.

“A recovery of 12,000 is likely to act as a resistance zone. The market is expected to remain or unstable with the direction. Merchants should increase their pay point of view.

F&O Expiry on Thursday

Markets are likely to remain volatile ahead of February series expiry on February 27, as traders will roll over positions in the futures and options (F&O) to March series 2020.

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