SumanSpeaks: The Information Super Highway

Market Pulse Key benchmark indices were trading lower in early trade, tracking negative leads from Asian markets and overnight slide on the Wall Street. At around 10:51, the BSE Sensex was seen at 35,925.06 down 108.67 points or 0.30%, while Nifty was trading at 11,023.05 down 26.60 points or 0.24%. The Sensex slipped below the psychological 36,000 mark at the onset of trading session after opening above that level. Among secondary barometers, the BSE Mid-Cap index was down 0.39%, underperforming the Sensex. The BSE Small-Cap index was down 0.11%, outperforming the Sensex. The market breadth, indicating the overall health of the market, was negative. On BSE, 706 shares fell and 575 shares rose. A total of 61 shares were unchanged. Overseas, Asian shares were trading lower after US stocks sold off for a second day. US stocks declined on Tuesday, as heavy losses in health-care and energy shares weighed on the main indexes. Climbing US bond yields, which imply a rise i...

Pre-Session : Market may extend losses on negative global cues 31-Jan-18: Overseas, Asian shares were trading lower after US stocks sold off for a second day. US stocks declined on Tuesday, as heavy losses in health-care and energy shares weighed on the main indexes. Climbing US bond yields, which imply a rise in borrowing costs, also put pressure on stocks. US Federal Reserve's Federal Open Market Committee (FOMC) commenced its two-day meeting on monetary policy yesterday, 30 January 2018, with a policy decision due later in the global day today, 31 January 2018. The Fed, in a widely expected move, had raised interest rates by 25 basis points (bps) to a range of 1.25-1.5% in its December monetary policy meeting. Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 105.56 crore yesterday, 30 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 281.65 crore yesterda...

Urja Global  Ltd : A case of Unbridled Stock Manipulation or too much Euphoria.....? Photo : BCG Attorney Search The stock of Urja Global Ltd (Rs.9.72 on Re.1 Face Value and Rs.97.2 on Rs.10 face value) has been hitting the upper circuits since sometime. This Re.1 face value stock has been hitting the buyer freezes since some videos surfaced in the YouTube, claiming its growth story in the solar power sector, when majority of its established peers are not doing that well. On reviewing its financials and other crucial parameters, what I find is : #The net profit for Q2FY18 is only Rs.41 lakhs against a revenue of Rs.28.92 crore, giving an EPS of Re.0.01 or only 1 paise on its Re.1 face value share.  #The depreciation shown is Re.1 lakh which does not make any sense, considering its product pipeline and its solar power business.  #Interestingly its NPMs and OPMs are almost same. It has OPM at 1.45% while NPM at 1.43%, which looks quite bizarre.  ...

Pre-Session : Market may open higher on positive global cues 29-Jan-18: Market is seen opening higher, tracking positive leads from Asian markets and overnight rally on the Wall Street. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 26 points at the opening bell. Overseas, Asian shares were trading higher, mirroring sharp gains seen in the last session on Wall Street. US stocks surged on Friday, 26 January 2018. A reading of fourth-quarter gross domestic product came in slightly softer than expected but was viewed by investors as healthy enough to perceive that the economy is on firm footing. The Dow Jones Industrial Average rose 0.85%. The S&P 500 index climbed 1.18%. The Nasdaq Composite Index surged 1.28%. US gross domestic product (GDP) for the fourth quarter rose 2.6% as consumption and business activity picked up. The Federal Open Market Committee (FOMC) of the US Federal Reserve holds its next two-day mon...

REMINISCENCE I have been in the blogosphere since more than a decade, after trying my hand in Yahoo and Google groups; though many of my contemporaries have perished in the warp of time. I feel I don't have to remind you of their names; as you perhaps know many of them....and my historical conflict with one from my home state, Assam.  I maintain an open-book-style, where the performance of my calls are etched on my blog pages or in other words, one can judge me through my blog-post. Needless to say, those who are with me since a long-long-time, are already privy to my fact-sheet. Your good wishes, innuendos, whispers and murmurs have often helped to improve my style of speaking with you directly, through this mechanism.  Hope in future too, I would be able to disseminate information to the you in the same way and with passion like I did hereto, especially to the small investor community; keeping the delivery frank, intimate, professional, adventurous and sometimes e...

WINNING STROKES Today the scrip of Hindustan Zinc Ltd was recommended  around Rs.297-298, during the dying moments of the market. The stock zoomed to Rs.301 in the NSE. Buoyancy in the Zinc prices, will give an upward push to the stock price, going forward. Among the recommended PSBs, the stock of Punjab National Bank Ltd today made an intraday high of Rs.197, before closing at Rs.180.90 on profit booking. Similarly, Dena Bank Ltd , which made an intraday high of Rs.27.85, also closed at Rs.26.60, after profit booking was suggested in the counter. Recent announcement by India's Finance Minister, of a Rs.2.11 trillion ($33.2 billion) bank recapitalisation package will give new life line to the PSBs.  Today news appeared in the media that Bank NPAs eased by 0.4% from three months earlier to Rs.9.46 trillion at the end of September, signalling that banking reforms and the insolvency and bankruptcy code may be starting to show results. If you remember, I had alre...

Market Pulse A bout of volatility was witnessed as key benchmark indices trimmed losses in early afternoon trade. At 01.20 pm the Sensex was trading at 35,982.96 down 178.68 point or 0.49%, while the CNX Nifty was trading at 11,034.70 down 51.30 points or 0.46%. Trading was volatile as traders roll over positions in the futures & options (F&O) segment from the near month January 2018 series to February 2018 series. The January 2018 derivatives contract expires today, 25 January 2018. Key indices opened almost flat and declined as the session progressed. After hitting a fresh intraday low in mid-morning trade, key indices trimmed losses in early afternoon trade. The Sensex rose 85.38 points, or 0.24% at the day's high of 36,247.02 in early trade. The index fell 144.16 points, or 0.40% at the day's low of 36,017.48 in mid-morning trade, its lowest intraday level since 23 January 2018. The Nifty rose 9.60 points, or 0.09% at the day's high of 11,095.6...

Pre-Session : Market may open lower 24-Jan-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25.50 points at the opening bell. Investors could book profits today, 24 January 2018, after recent rally. Overseas, Asian shares were trading lower on profit booking after recent gains. US stocks closed mixed on Tuesday, with market focus shifting from politics to corporate earnings after a government shutdown came to an end on Monday. The Dow Jones Industrial Average slipped 0.1%. The S&P 500 index climbed 0.2%. The Nasdaq Composite Index rose 0.7%. Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 1229.35 crore yesterday, 23 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 169.03 crore yesterday, 23 January 2018, as per provisional data. Key benchmark indices extended recent gains to hit fresh record ...

Market Pulse Buying continued unabated as key benchmark indices extended intraday gains and hit fresh intraday high in early afternoon trade. At 12:23 IST, the barometer index, the S&P BSE Sensex, was up 295.06 points or 0.82% at 36,093.07. The Nifty 50 index was up 103.20 points or 0.94% at 11,069.40. Shares opened higher as positive leads from Asian markets and overnight gains on the Wall Street boosted investors sentiment. Both, the Sensex and the Nifty hit record high level in early afternoon trade. The Sensex crossed the 36,000 mark and the Nifty crossed the 11,000 mark. The Sensex rose 309.06 points, or 0.86% at the day's high of 36,107.07 in early afternoon trade, its record high level. The index rose 65.97 points, or 0.18% at the day's low of 35,863.98. The Nifty rose 107 points, or 0.98% at the day's high of 11,073.20 in early afternoon trade, its record high level. The index rose 28.35 points, or 0.26% at the day's low of 10,994.55. Among...

Market Pulse Key benchmark indices hovered in positive zone in early afternoon trade on sustained buying demand in index pivotals. At 13.12 IST, the barometer index, the S&P BSE Sensex was at 35,643.57 up 131.99 points or 0.37%, while the Nifty was seen at 10,918.10 up 23.40 points or 0.21%. Most capital goods stocks rose. Realty stocks saw mixed trend. Trading for the week began on a positive note led by gains in Reliance Industries and HDFC Bank. A bout of volatility was seen in morning trade as the Sensex and the Nifty trimmed gains after scaling a fresh record highs. Volatility continued in mid-morning trade as stocks regained strength soon after trimming gains from higher levels. The S&P BSE Mid-Cap index was up 0.03%, underperforming the Sensex. The S&P BSE Small-Cap index was up 0.44%, outperforming the Sensex. The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,458 shares rose and 1,250 shares fell. A total ...

Pre-Session : Market may open higher 22-Jan-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19 points at the opening bell. Overseas, Asian stocks were trading on a mixed note. US stocks shrugged off the government shutdown drama in Washington and rose to all-time highs on Friday, 19 January 2018 following a report that regulators are close to further easing banking rules. Back home, trading for the week ended on a buoyant note on Friday, 19 January 2018, with key benchmark indices settling with decent gains and extending their record high hitting streak. The Sensex rose 251.29 points or 0.71% to settle at 35,511.58, its record closing high. The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 988.25 crore on Friday, 19 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net ...

WINNING STROKES Trading for the week ended on a buoyant note as dream run on the Dalal street continued, with key benchmark indices settling with decent gains and extending their record high hitting streak. The barometer index, the S&P BSE Sensex rose 251.29 points or 0.71% to settle at 35,511.58. The Nifty 50 index advanced 77.70 points or 0.72% to settle at 10,894.70. The Nifty crossed the psychological 10,900-mark for the first time in its history. Both the Sensex, and the Nifty, hit record high levels in intraday as well as on closing basis. Firmness in global stocks and GST council in its latest meet slashing the tax rate on 54 services and 29 items and also simplifying return filing process for businesses boosted sentiment. The market gained for the third straight day. The S&P BSE Mid-Cap index gained 0.77%. The S&P BSE Small-Cap index rose 0.88%. Both these indices outperformed the Sensex. The breadth, indicating the overall health of the market, w...

Market Pulse Key indices extended initial gains and hit fresh intraday high in morning trade. At 11.26 am IST, the Sensex was seen trading at 35,392.81 up 132.52 points, while Nifty is seen at 10,841.80 up 24.80 points  or 0.23%. Firmness in most Asian stocks and GST council in its latest meet slashing the tax rate on 54 services and 29 items and also simplifying return filing process for businesses boosted sentiment. The S&P BSE Mid-Cap index was up 0.43%, underperforming the sentiment. The S&P BSE Small-Cap index was up 0.7% outperforming the sentiment. The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,388 shares rose and 976 shares fell. A total of 82 shares were unchanged. Telecom stocks declined. Reliance Communications (down 2.89%), Tata Teleservices (Maharashtra) (down 3.77%), MTNL (down 0.57%) and Idea Cellular (down 0.79%) declined. Bharti Airtel fell 0.91% after consolidated net profit fell 16.50% to...