Your Money Life in Your Second Innings
The volatility in the markets, combined with the crash in interest rates, means that this group of people, which is in the second innings of life (where you spend the money from the first innings), is in trouble. Even if you had kept money in liquid mutual fund (MF) schemes, the returns have halved from what was a ‘moderate’ expectation five years ago!
 
The calculations one made on...
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  • Nifty, Sensex still trending up – Tuesday closing report
    We had mentioned in Monday’s closing report that Nifty, Sensex maybe starting a new uptrend. On Tuesday, the major indices were range bound and ended flat. On the NSE, there were 817 advances, 1,047 declines and 100 unchanged.
     
    The trends of the major indices in the course of Tuesday’s trading are given in the table below:
     
     
    BLS International Services won a contract from the Republic of Estonia to provide services with regards to issuance of digital ID to e-residents granted by the Estonian Police and Border Guard Board (PBGB) at 5 newly added locations.
     
    Shree Cement approved setting up of a Clinker Unit at Baloda Bazar, Raipur in Chhattisgarh with capacity upto 12,000 tons/day for an investment of around Rs 1,000 crore.
     
    Steel Strips Wheels received export orders for 9,000 wheels for EU trailer market.
     
    Prime Focus may commence a private offering of USD 375 million in aggregate principal amount of senior secured notes due 2025. 
     
    Dr Lal PathLabs has decided to further expand current testing capacities with installation of additional high throughput machine, automatic systems, hiring of additional manpower and increased working hours to 24*7.
     
    Ceat plans to raise up to Rs 500 crore via non-convertible debentures (NCDs).
     
    Hindustan Zinc board approved allotment of redeemable, non-convertible debentures bearing a face value of Rs 10 lakh each, aggregating to Rs 3520 crore on private placement basis.
     
    Kalpataru Power Transmission and its joint venture partner have completed 74% equity stake sale in Jhajjar KT Transco Pvt Ltd (JKTPL) to IndiGrid. KPTL has completed sale of about 37.78 percent of equity shares (which includes 1.32 percent equity shares held by KVPL and acquired by the Company), the filing said.
     
    Makers Laboratories may acquire Resonance Specialties through negotiated deal either by way of open market purchase or through a share purchase agreement or both with willing sellers.
     
    India Grid Trust has approved the induction of Esoteric II Pte. Ltd., an affiliate of KKR & Co. Inc as a sponsor with special majority. All regulatory approvals including the Board's assent are in place for Esoteric II 's induction as a co-sponsor.
     
    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:
     
  • User 

    Nifty, Sensex starting a new uptrend? – Monday closing report
    We had mentioned in previous week’s closing report that Nifty, Sensex rallied but will remain under pressure. On Monday, the major indices continued to post major gains. On the NSE, there were 1,403 advances, 453 declines and 360 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:
     
     
    Gateway Distriparks board approved the merger of Gateway East India with the company. After Gateway East India’s Merger, the company will be merged with Gateway Rail. The company also approved the payment of an interim dividend of Rs 2 per equity share of face value Rs 10 each for the financial year 2020-21.
     
    Ratnamani Metals bagged domestic order worth Rs 216 crore in Carbon Steel Division for the supply of coated CS Pipes for oil & gas sector.
     
    Gulf Oil Lubricants India has announced a long-term strategic partnership with S-Oil Corporation, South Korea to exclusively manufacture and market their entire range of lubricants under the brand - ‘S-Oil Seven’ for the Indian market.
     
    L&T Technology has been selected to provide engineering services for Tenneco’s DRiV original equipment (OE) Ride Control business group. It will set-up a HUB Development Center to provide DRiV with additional engineering capacity in conventional damper and component development.
     
    Thomas Cook board withdrew its share buyback due to impact of COVID-19 on business. The board in February had approved a share buyback of 6.9% of total equity worth Rs 150 crore. 
     
    State Bank of India board of directors of the bank will consider a proposal for raising of Basel III compliant AT 1 bonds to the extent of Rs 5,000 crore.
     
    State Bank of India said it will waive processing fee on home loans in approved projects. The bank is also providing special concessions up to 10 basis points (bps) on the interest rate for the customers based on their credit score and loan amount.
     
    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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