In Search of Multi-baggers - I
Everyone is searching for multi-baggers. That ONE investment which will give us our financial freedom. We hear of so many successes. But the statistics are not very encouraging. There are lakhs of investors out there. Less than a hundred have made money from single stocks that became multi-baggers. Maybe, the time they started investing is also an important factor. The chances of success...
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Nifty, Sensex under Pressure Again Due to Global Trends – Wednesday closing report

We had mentioned in Monday’s closing report that Nifty, Sensex might be headed higher. The major indices of the Indian stock markets suffered a correction on Wednesday, as premarket US futures traded deeply in the negative and the Hong Kong market fell more than 700 points, down 2.77%. The rupee fell sharply and there was a slowdown in the manufacturing PMI data. On the NSE, there were 549 advances, 1,134 declines and 381 unchanged. The trends of the major indices in the course of Wednesday’s trading are given in the table below:

 

 
Most sectoral indices traded in the negative, led by auto, metal and banking stocks. The S&P BSE auto index lost 534.70 points on weak December auto sale figures. Also, the decline in the Nikkei Manufacturing Purchasing Managers' Index released during the day subdued the market sentiments. The index declined to 53.2 in December, from 54 in November.
 
The Indian currency slumped 45 paise on Tuesday to trade at 69.89 per dollar (around 1.20 p.m.), against the previous close of 69.45 per dollar.
 
Automobile major Maruti Suzuki India reported a decline of 1.3% in its total sales including exports for December 2018. According to the company, a total of 128,338 units were sold last month, compared to 130,066 units' off-take recorded during the corresponding period of the last financial year. The total sales were dragged down by heavy decline in export. It slumped 36.4% to 6,859 vehicles. However, the company's domestic sales rose 1.8% on a year-on-year basis to 121,479 units in December. The company's domestic passenger vehicles sales was up 1% to 1,19,804 units, while sales of light commercial vehicles in the country rose 130.7 per cent to 1,675 units. The company’s shares closed at Rs7,269.00, down 2.78% on the NSE.
 
Automobile major Tata Motors reported a 7.7% decline in domestic sales in December on a year-on-year basis. The company sold 50,440 units in the country last month, against 54,627 units in December 2017, Tata Motors said in a statement. "During the month, consumer sentiment remained slightly subdued as the customer was still waiting to see a sustained level of improvement in factors like fuel prices and profitability before deciding to further invest in new vehicles," it quoted Girish Wagh, President, Commercial Vehicles Business, Tata Motors, as saying. In the commercial vehicle segment, the company sold 36,180 units during the period under review, 10.6% lower than 40,447 units sold during the corresponding period of financial year 2017-18. "In December 2018, liquidity crisis in the industry, higher interest rates and rising fuel costs continued to impact the commercial vehicle sales, with M&HCV and I&LCV segment witnessing a decline while the passenger vehicle business bounced back," said the statement. Sale of passenger vehicles rose marginally, by 0.6% to 14,260 units "due to good demand for new generation passenger vehicles", the company said. On exports, Tata Motors recorded a 36.5% fall in sales to 3,999 units as against 6,293 units in December 2017. Tata Motors shares closed at Rs168.40, down 2.91% on the NSE.
 
Automobile major Mahindra and Mahindra (M&M) reported a meagre 1% rise in its total vehicle sales for December 2018, owing to tight liquidity and low buying sentiment in the domestic market. The company’s shares closed at Rs740.55, down 4.24% on the NSE.
 
Petrol prices fell nearly 20 paise to Rs68.65 a litre in Delhi on Tuesday to touch the lowest levels in over a year across the four metros.
 
S & P BSE Auto Index closed at 20,103.45, down 3.01% on the BSE.
 
A last hour pick-up in banking and realty stocks, along with positive global markets, buoyed the key Indian equity indices on Tuesday. The day's trade saw 30-scrip Sensex gaining over 180 points to regain the 36,000 points-mark. However, the two key indices traded mostly in the red throughout the day's session, but a sharp recovery in the last hour changed the overall scenario. Index-wise, the S&P BSE Sensex settled 186.24 points or 0.52% higher at 36,254.57 points after touching an intra-day high of 36,284.04 and a low of 35,888.62. The NSE Nifty50 closed at 10,910.10 points up 47.55 points or 0.44%. Expectations of weak monthly auto sales and slower industrial November data, concerned the market, observed market analysts. Apart from realty sector, finance stocks also edged higher, gaining close to 1%.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 
 

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Nifty, Sensex May be Headed Higher - Monday closing report

The major indices of the Indian stock markets were range-bound on Monday and ended flat. On the NSE, there were 1,129 advances, 643 declines and 114 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:

 

 

The last session of 2018's trade ended on a flat note with the Sensex declining 8 points and the Nifty adding just 2 points to its previous close. The indices however were in the green for the most part of Monday's trade session but were dragged by weakness in key stocks of sectors like realty, oil and gas and energy.
 
The indices advanced during the afternoon session of trade after opening higher in line with global markets on Monday over signs of progress in the US-China trade stand-off. The indices had, however, slipped in the red for a short while -- 12-1 p.m. -- as oil and gas and energy stocks witnessed selling pressure. Finally, by close of trading the major indices ended flat. Asian stocks also traded in the green after US President Donald Trump said: "Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!" he said.
 
The benchmark Brent Crude price was also flat at $53.21 per barrel ahead of the OPEC (Oil and Petroleum Exporting Countries) and other oil producers' production cut which will take effect from January 1. OPEC had earlier said that they consider the $50-60 per barrel range as stable. Now that Brent crude price slid below 50, it may be expected that there will be further production cut, pointed out market analysts. The Indian currency was trading at 69.91 per dollar after closing at Rs69.94 last week.
 
Petrol prices on Monday declined to their lowest levels of 2018 across the four metro cities, with the fuel being sold at Rs68.84 per litre in the national capital.
 
Macro-economic data points, coupled with Indian rupee's performance against the US dollar will influence domestic equity market's trajectory during the current week, pointed out market analysts.
 
Leading private insurer SBI Life Insurance on Monday said it has signed a 'bancassurance' pact, with state-run Allahabad Bank to offer a financial planning solution to consumers. 
 
The Central government has decided to infuse Rs10,086 crore into Bank of India. The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment. According to the filing, the bank's board will consider "by way of circular resolution on or after January 2, 2019 the proposal for raising capital by this infusion and further issue of equity shares or securities at an appropriate time and other incidental matters thereat". Bank of India shares closed at Rs104.05, up 1.07% on the BSE.
 
Reliance Jio announced an offer of 100% cashback in the form of coupon for the e-commerce portal AJIO on recharge of Rs399 during December 28, 2018 to January 31, 2019. Jio has partnered with Reliance Retail's fashion portal AJIO for the "Jio Happy New Year Offer" and customers can redeem the coupons by March 15, 2019, Reliance Jio said in a statement. "The coupons can be redeemed over and above the existing AJIO offers," it said. "AJIO coupon worth Rs399 will be credited in MyCoupons section of MyJio (app). The coupon credited can be redeemed on AJIO app and website on minimum cart value of Rs1,000." Reliance Industries shares closed at Rs1,121.05, down 0.42% on the BSE.
 
The Cabinet Committee on Economic Affairs has approved the listing of six Central Public Sector Enterprises (CPSE) on the stock exchange through initial public offerings (IPO) and one Public Sector Undertaking (PSU) through issue of follow-on public offer (FPO), Union Minister Ravi Shankar Prasad said. The seven PSUs are Telecommunication Consultants (India) Ltd, RailTel Corporation India Ltd, National Seed Corporation India Ltd, Tehri Hydro Development Corporation Ltd, Water and Power Consultancy Services (India) Ltd, FCI Aravali Gypsum and Minerals (India) Ltd, and Kudremukh Iron Ore Company Ltd (KIOCL). All PSUs will be listed through the IPO route except KIOCL, which will come out with an FPO. 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 

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