Reintroducing Stockgraders
From this issue, we are reintroducing the gradation system Stockgrader which we used to carry several years ago, presenting a select list of stocks a on the scale of 'A' to 'D' under different parameters of fundamental, relative strength and valuation. According to one of our long-time readers Vidhata Bhide, the grader communicated a lot about each trend price trend, earnings trend,...
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BSE offers more transparency for filed listing applications
BSE has started offering a feature to know live status of applications filed by listed companies on its listing centre. This move will offer more transparency to the listed companies and enable them to know the status of their filings for all applications with BSE, the Exchange said in a release.
 
BSE says it had introduced its online filing portal, while moving to mandatory online filing of all compliances and listing applications. 
 
This move will boost the confidence of companies and give them full insight on the stage of processing their application has reached, the Exchange added. 
 
BSE says this will followed up by a phased rollout for displaying status of all types of listing-related applications made through the listing centre.

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Nifty, Sensex on an Uptrend – Weekly closing report

We had mentioned in last week’s closing report that Nifty, Sensex were deeply oversold but were showing no sign of bounce back. The major indices of the Indian stock markets rallied strongly during the week and closed with weekly gains of around 5% on Friday over last Friday’s close. The trends of the major indices in the course of the week’s trading are given in the table below:

 

 
The major indices of the Indian stock markets rallied on Monday and closed with gains over Friday’s close. On the NSE, there were 1,339 advances, 404 declines and 325 unchanged.
 
The key domestic indices -- the S&P BSE Sensex and NSE Nifty50 -- gained over 1.50% on Monday. All the 19 sectors on the BSE gained, with banking and finance counters leading. Gains were witnessed in export-oriented stocks like healthcare and IT (information technology) counters.
 
Sundram Fasteners reported Q2 FY19 standalone results of total revenue at Rs1,001.61 crore (Rs818.45 crore), up 22.4% year-on-year. Profit after tax was at Rs110.22 crore (Rs90.43 crore), up 21.9% year-on-year. Earnings per shares were at Rs5.25 (Rs4.30). Interim dividend of Rs2.00 per share was declared. 
 
Century Textiles reported Q2 FY19 standalone results which included Income from operations at Rs2,088.89 crore (Rs1,821.69 crore), up 14.7%  year-on-year. Net profit was at Rs156.52 crore (Rs52.78 crore), up 196.6% year-on-year. Earnings per share were at Rs14.01 (Rs4.72). 
 
The major indices of the Indian stock markets were up for most of the day on Tuesday but ended lower. On the NSE, there were 1,033 advances, 678 declines and 346 unchanged.
 
Barring the metal, oil and gas and energy sectors, all the other counters were in the green on BSE, led by IT (information technology), capital goods and TECK (technology, entertainment and media). According to analysts, the markets on Tuesday showed signs of settling down after it was over-sold for the past few weeks. "Broadly the trend is still negative. Today the Asian markets are positive but the US stocks are down," pointed out market analysts.
 
 Finance Minister Arun Jaitley on Tuesday held the central bank responsible for the mountain of bad loans, saying the Reserve Bank of India (RBI) looked the other way when banks lent indiscriminately during 2008-14 to keep the economy humming. Jaitley's comments reflect a growing tension between the RBI and the government.
 
ABB India reported Q2 FY19 results including total revenue at Rs2,515.36 crore (Rs1,923.40 crore), up 30.8% year-on-year. Profit after tax was at Rs108.34 crore (Rs83.39 crore), up 29.9% year-on-year. Earnings per share were at Rs5.11 (Rs3.94). 
 
The major indices of the Indian stock markets rallied on Wednesday and closed with gains over Tuesday’s close. On the NSE, there were 1,143 advances, 597 declines and 318 unchanged.
 
Automobile major Tata Motors announced the roll-out of its first SUV "Harrier" from its all-new manufacturing line. "Tata Harrier needed a completely new approach to product development and manufacturing processes," the company said in a statement. 
 
RP-Sanjiv Goenka Group's Phillips Carbon Black Ltd (PCBL) is at an "advanced stage" of finalising a site in one of the southern states for its Rs600 crore greenfield project, Group Chairman Sanjiv Goenka said.
 
The major indices of the Indian stock markets were range-bound on Thursday and ended flat over Wednesday’s close. On the NSE, there were 1,134 advances, 596 declines and 329 unchanged.
 
Despite firm global cues and a slight recovery in the domestic currency, the key equity indices traded flat during the afternoon session of trade on Thursday as investors remained cautious ahead of key macro-economic data release and tension between the RBI and government. Export-oriented stocks, IT (information technology) and healthcare struggled as the rupee recovered to around 73.79 a US dollar from Wednesday's close of 73.95. Buying was witnessed in banking, finance and capital goods counters on BSE.
 
A faster rise in demand accelerated the pace of India's manufacturing sector output in October, key economic data released on Thursday showed. According to the Nikkei India Manufacturing Purchasing Managers' Index (PMI), the composite indicator of manufacturing performance increased to 53.1, from 52.2 in September. An index reading of above 50 indicates an overall increase in economic activity, or growth, and below 50 an overall decrease.
 
Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday.
 
Global IT (information technology) company Tata Consultancy Services announced the acquisition of W12 Studios, an award-winning digital design studio based in London, for an undisclosed sum.
 
The major indices of the Indian stock markets rallied strongly on Friday. On the NSE, there were 1,102 advances, 616 declines and 339 unchanged.
 
The 30-scrip S&P BSE Sensex on Friday opened in the positive territory owing to the recovery in rupee and ease in the crude oil prices. Buying was witnessed in all sectors on BSE led by finance, banking and auto counters. NSE was up 1.66%, Sensex rallied 1.68% and Bank Nifty went up 1.49%.
 

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Chandrakant

1 week ago

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