Stock Blogger

Sensex  - 2.13% ; Nifty   -2.23% The markets were down by more than 2% today. Domestic cues - namely the tension at the Indo-Chinese border is said to be the main reason behind today’s market fall. Top gainers: ONGC, TCS, HDFC Bank Top losers: Sun Pharma, SBI, Bajaj Auto, NTPC Indian Economy Contracts By Almost a Quarter in Q1 GDP in the June-ended quarter stood at -23.9%. The data was released after market hours today. Here are a few sectoral break-ups (Y-o-Y): Agriculture sector grew at 3.4% Mining sector contracted 23.3% Manufacturing contracted 39.3% Construction contracted 50.3% Financial services sector contracted by 5.3% This contraction is the first since India began releasing quarterly GDP growth data in the late 1990s. Reliance-Future Group Deal Sealed Reliance Retail Ventures Ltd. (RRVL), subsidiary of Reliance Industries Ltd. (RIL) is acquiring the retail, wholesale, logistics, and warehouse businesses from the Future Group. The deal is worth Rs 24,713 crores, according to

Apple is splitting its stocks. So is Tesla. Back home in India, Eicher is splitting stocks too. Apple’s split is a 4 for 1 split. Meaning, if you own 1 share, you’ll get another 3 shares of the company. This doesn’t really mean that you are getting stocks for free. Realistically speaking, you’re actually not getting anything new. The underlying company is the same. The percentage of the company you own will also remain the same. There’s 1 packet of 4 kg rice. The shopkeeper takes out the rice and makes 4 packets of 1 kg each. Same thing, right? Apple is splitting 4 for 1. Tesla is splitting 5 for 1. Eicher is splitting 10 for 1. Apple’s current share price  is hovering around $500. Tesla's share price  is around $2,200. On Monday, 31st August 2020, their shares are going to be split. Eicher’s current price  is around Rs 2,200. It has already split on 25th August. Before splitting, its price was around Rs 21,500. Why do companies split stocks? The main reason is accessibility. If yo

Markets  regulator Securities and Exchange Board of India (Sebi) will again meet stock brokers’ association, depositories and clearing corporations on Monday to analyse the readiness to implement new rules on margin pledge from September 1, sources in the know said. They also said  brokers  are not technically prepared to roll out the proposed framework and are seeking a month’s extension to implement the same. This would be their third meeting with  Sebi.  The regulator has already met twice this month and discussed the preparedness with the depositories (CDSL and NSDL), stock  brokers  association and clearing corporations. A member of Association of National Exchanges Members of India (Anmi) said it would be complete disaster if the new system on pledge or repledge comes into effect from September 1. Anmi comprises around 900 stock  brokers  from across the country. “There would be a total chaos in the market as a survey conducted by Anmi found that 90 per cent of brokers are not re

Angel Broking IPO description –  Angel Broking is one of the largest independent full-service retail broking houses in India, in terms of active clients on NSE as of 31 July 2018. It is a technology led financial services company offering broking and advisory services, margin funding, loans against shares (through AFPL) and financial products distribution. Its broking services are offered through (i) online and digital platforms, and (ii) network of more than 11,000 sub-brokers, as of 30 June 2018. The company has more than 850,000 downloads of its Angel Broking mobile app and more than 450,000 downloads of Angel BEE app as of 30 June 2018. Through its network of sub-brokers and over 110 branches, Angel has a pan-India presence across 1,800 cities and towns and managed INR113,023.06 million (INR11,302.3 crore) in client assets and over 1.11 million active broking accounts. During the quarter ended 30 June 2018, 87.25% of its revenues through direct services and 46.49% of the revenue th

Empirical evidence depicts that post each of the three corrections measuring over 25 percent in the last 12 years, the Nifty retraced the decline completely within the following year. Since a dismal March, the Indian equities have continued to rally shrugging off pessimism in what seems to be a near V-shaped recovery, and the momentum is unlikely to stop anytime soon, Dharmesh Shah, Head – Technical, ICICI direct said in ‘The Market Podcast’ with Moneycontrol. “We expect the Nifty to retest its all-time highs of 12,400 by March 2021, as guided by our multi-pronged approach. Sectorally, IT, Pharma, Insurance, Auto, Chemicals are expected to extend outperformance while consumption and banking are expected to catch up from hereon,” he said. Empirical evidence depicts that post each of the three corrections measuring over 25 percent in the last 12 years, the Nifty retraced the decline completely within the following year. “We expect it to maintain this rhythm and head to the life-time high

Key support levels for the Nifty is placed at 11,527.43, followed by 11,495.67. If the index moves up, the key resistance levels to watch out for are 11,604.13 and 11,649.07. The Indian market benchmarks ended flat with a positive bias, thus ending in the green for the fifth consecutive session, on August 27, amid mixed global cues. Investors traded with caution on expiry day of the August F&O series. The Nifty ended with nominal gains despite opening above the 11,600 levels. The Sensex closed 40 points, or 0.1 percent, higher at 39,113.47. The Nifty settled 10 points, or 0.08 percent, up at 11,559.25. The BSE Midcap index closed flat while the Smallcap index ended 0.35 percent higher. "The market has been more or less listless in the last two sessions despite a rise in the domestic currency and decline in bond yields. Investors will be eyeing the Fed president's speech at the Jackson Hole Symposium. On August 28, the Nifty could look for support at 11,480 and 11,450 level

        A rule-based approach to asset rebalancing can work for you Roller-coaster rides in stock prices have rocked investors off their chairs. While the smart ones may take advantage of these fluctuations, the average retail investors may have found the going tough. However, a rule-based approach to asset rebalancing can work for you. How frequently should you take profits? Many of us keep looking at our portfolios on a daily basis. The current lockdown has given many of us enough time to do that. It is better to have a rule-based approach. Rule #1: Track your asset allocation . Exposure to volatile assets such as stocks and, in the recent past, gold can distort your portfolio’s allocation pattern. Keep your emotions away from money management. Rebalance your portfolio at a regular interval, but not too frequently. Amol Joshi, founder of PlanRupee Investment Services, says, “The essence of asset allocation lies in asset-rebalancing.” “It allows you to benefit from the moves in asset

As per RBI's latest annual report, the big note was not printed at all during 2019-20 Mumbai:  It's not quite demonetisation but the Reserve Bank of India looks like it is phasing out the Rs 2000 currency note if cues available in its annual report 2019-20, released on Tuesday, are any indication. The annual report said the Rs 2000 denomination note, introduced during demonetisation in 2016, was not printed at all during 2019-2020. The number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at the end of March 2018 to 27,398 lakh pieces at end of March 2020. The Rs 2,000 notes constituted 2.4 per cent of the total volume of notes at end-March 2020, down from 3.3 per cent at end-March 2018. In value terms also, the share has came down to 22.6 per cent at end-March 2020 from 37.3 per cent at the end-March 2018. It was 50 per cent in 2017, as the major focus that year was on remonetising the economy. On the other hand, the circulation of Rs 500 and R