Drawing Parallels from the Bull Market after the 2008 Crash? Look at the Data First - I
Stock markets have been rising globally after the shocking decline from mid-March 2020, much to the surprise of everyone, including the investors themselves. NIFTY50 has risen to 10,400 at the time of writing this piece, an increase of 38% from the bottom of 7,511 made on 24th March, defying assumptions, and denying the bleak prospects, of a severe slowdown, if not a recession. We will come...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital Access

Subscribe

Moneylife Magazine Subscriber or MAS member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Weekly Moneylife Indices & Sector Trends
    INDIAN MARKET TRENDS
    From 19th June to 25th June, ML Micro-cap Index rose 5%. ML Mid-cap Index, ML Large-cap Index and ML Small-cap Index rose 3% each. ML Mega-cap Index rose 1%. Both, the Sensex and the NIFTY ended flat.
     
     
    FUND FLOWS
    Foreigners: Foreign institutional investors were net buyers of equities during the period (Rs1,309.46 crore). They bought...
    Premium Content
    Monthly Digital Access

    Subscribe

    Already A Subscriber?
    Login
    Yearly Digital Access

    Subscribe

    Moneylife Magazine Subscriber or MAS member?
    Login

    Yearly Subscriber Login

    Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • Nifty, Sensex continues to trend up – Weekly closing report
    We had mentioned in last week’s closing report that Nifty, Sensex were on an uptrend due to global cues. The major indices were volatile and ended with minor gains. The trend of the major indices in the week is given in the table:
     
     
    On Monday, the major indices were volatile but ended with minor gains. On the NSE, there were 1,361 advances, 554 declines and 70 unchanged.
     
    Glenmark Pharmaceuticals received Indian regulatory approval to make and sell oral antiviral drug Favipiravir for treating mild-to-moderate COVID-19 infections in India. The Drugs Controller General of India's approval was part of India's accelerated approval process and the drug was meant for "restricted emergency use", meaning patients must sign their consent before being treated by the drug. 
     
    India's Drug Regulator gave permission to Hetero and Cipla to manufacture and market antiviral drug Remdesivir for "restricted emergency use" on hospitalised COVID-19 patients, official sources said.
     
    ICICI Bank divested 21.5 million equity shares of face value of Rs10 each of ICICI Prudential Life Insurance Company, representing 1.50 percent of its equity share capital at March 31, 2020.
     
    On Tuesday, the major indices were volatile but ended with minor gains. On the NSE, there were 1,323 advances, 504 declines and 293 unchanged.
     
    Skipper’s net profit jumped 58.42% YoY to Rs 28.12 crore in the quarter ended March 2020. Sales of the company were up 1.26% to Rs438.85 crore in the quarter ended March 2020 as against Rs 433.39 crore during the previous quarter ended March 2019. 
     
    Info Edge (India) approved raising of funds through issue of equity shares to eligible qualified institutional buyers for an aggregate amount not exceeding Rs 1,875 crore in accordance with SEBI regulations.
     
    Balrampur Chini Mills reported fall of 16.24% in net profits to Rs241.44 crore for the quarter ended March 2020. Revenues grew 32.33% to Rs1,766.61 crore.
     
    On Wednesday, the major indices suffered major losses. On the NSE, there were 754 advances, 1,074 declines and 295 unchanged.
     
    Asian Paints reported a 2.1% year-on-year decline in consolidated profit at Rs 462 crore for March 2020 quarter. Revenue declined 7.1% to Rs 4,635.6 crore over the past year.
     
    Indian Oil Corporation reported a net loss of Rs 5,185 crore for the quarter ending March 2020, aided by higher inventory losses. The company had reported a net profit of Rs 6,099 crore a year earlier.
     
    Reliance Infrastructure shares rallied after Chairman Anil Ambani said the company will be completely debt-free this financial year. RInfra, which is sitting on a debt of over Rs6,000 crore, has been working towards monetising its assets to reduce debt.
     
    Power Finance Corporation reported net profits of Rs 693 crore against Rs 3,391 crore YoY. NII stood at Rs 5,554 crore against Rs Rs 5,036 crore YoY.
     
    On Thursday, the major indices suffered minor losses. On the NSE, there were 1,019 advances, 845 declines and 64 unchanged
     
    Canara Bank reported a loss of Rs3,259.33 crore for the quarter ended March 2020. The bank had reported loss of Rs551.53 crore in year-ago period.
     
    Metropolis Healthcare promoter shareholder Duru Sushil Shah divested 3.05 million shares, or 6.03% stake, in the company for Rs422.58 crore.
     
    Prestige Estates Projects reported consolidated net profit of Rs 15.4 crore for the March quarter, down 88.9% YoY. Revenue had slightly grown at Rs1,982.3 crore versus Rs1,979.3 crore.
     
    On Friday, the major indices posted minor gains. On the NSE, there were 1,097 advances, 767 declines and 65 unchanged.
     
    Sterling And Wilson Solar’s subsidiary Sterling and Wilson Solar Solutions, Inc, was awarded a $99 million (Rs 747 crore) contract to construct a 194 MW project in the US.
     
    PNC Infratech won order from NHAI of Rs 1,412 crore for a project of 53.95 km long four-laning of Meerut - Nazibabad section of NH-119 (New NH-34) from design chainage, in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity Mode.
     
    Ashok Leyland reported 92.31% fall in its consolidated net profit at Rs 57.78 crore in the fourth quarter ended March 31. The company had reported a profit of Rs 751.71 crore in the same quarter of last year.
     
  • User 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)
    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
    We promise not to share your email id with anyone