SumanSpeaks: The Information Super Highway

Winning Strokes : Think Different Domestic stocks settled with modest gains following recent weakness in crude oil prices. The barometer index, the S&P BSE Sensex, rose 118.55 points or 0.34% to settle at 35,260.54. The Nifty 50 index rose 40.40 points or 0.38% to settle at 10,616.70. Among secondary barometers, the BSE Mid-Cap index rose 0.74% to 14,992.48. The BSE Small-Cap index was flat at 14,548.04. The market breadth, indicating the overall health of the market, was negative. On BSE, 1099 shares rose and 1497 shares fell. A total of 139 shares were unchanged. Yes Bank lost 7.42%. The bank informed that Ashok Chawla, non-executive independent part-time chairman, has tendered his resignation from the Bank's Board, with immediate effect, mentioning that during the current transition period, the Bank would need a Chairman who could devote more time and attention. The bank shall in due course announce the appointment of a Chairman, post RBI's approval. Th...

Market Mantra After hovering near flat line in morning trade, key equity indices bounced back in mid-morning trade. At 12:10 IST, the barometer index, the S&P BSE Sensex, was trading at 35,300 up 158.90 points while Nifty was seen at 10,6184 up 2.65 points.  Most metal and FMCG shares advanced. Among secondary barometers, the BSE Mid-Cap index was up 0.17%. The BSE Small-Cap index was down 0.03%. The market breadth, indicating the overall health of the market, was negative. On BSE, 931 shares rose and 1249 shares fell. A total of 109 shares were unchanged. Alkem Laboratories rose 1.23% after the company said that USFDA has concluded inspection at its Taloja facility. The announcement was made after market hours yesterday, 14 November 2018. Alkem Laboratories said that USFDA had conducted an inspection at the company's Bioequivalence facility located at Taloja, Maharashtra from 8 November 2018 to 14 November 2018. At the end of the inspection, no Form 483 was...

Market Mantra The market extended gains and hit fresh intraday high in mid-afternoon trade, backed by positive opening in the European market. At 15:15 IST, the barometer index, the S&P BSE Sensex, was trading at 35,148.46 up 335.47 points or 0.96% while Nifty was seen at 10,584.50 up 102.30 points or 0.98%. The Nifty 50 index was up 91.15 points or 0.87% at 10,573.35. Gains were supported by firmness in oil sector stocks. The Sensex regained 35,000 mark in mid-afternoon trade. Among secondary barometers, the BSE Mid-Cap index was up 0.09%. The BSE Small-Cap index was down 0.07%. Both these indices underperformed the Sensex. The market breadth, indicating the overall health of the market, was negative. On BSE, 1214 shares rose and 1292 shares fell. A total of 127 shares were unchanged. On the economic front, India's industrial production grew 4.5% in September compared with the upward revised 4.7% in August, data released by the statistics office showed. A...

Crude Oil : Where the Prices can go ? Photo : Market Watch What the heck happened to oil prices? But more significantly, what does it mean for the broader stock market and the global economy? That is what has some Wall Street investors scratching their noggins, as crude futures and U.S. stocks staged a tandem tumble this week, just when investors thought the worst was over following a bruising October for risk assets.   The near WTI futures price is down 23% since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week.  Fearing spiking oil prices, the U.S. granted waivers to eight of Iran’s largest buyers of crude – China, India, South Korea, Japan, Italy, Greece, Taiwan, and Turkey. According to a report in the Economic Times , The oil bears are back, and they’re looking at OPEC before making their next move. While money managers slashed bets on rising West Texas Intermediate crude prices for a ninth week in...

Winning Strokes : Think Different Photo : Best Stock Picks from Dolly Khanna Amid a divergent trend among various index constituents, the key benchmark indices settled with small gains. The Nifty gained marginally 6 points to close at 10530 lead by Reliance, Coal India, NTPC and ONGC. The Sensex settled a tad below the psychological 35,000 level after moving above and below that level amid volatility in intraday trade. The market saw a positive opening led by buying demand in index pivotals. Stocks trimmed gains in morning trade. Key indices hovered in positive zone in mid-morning trade. Stocks gyrated in a small range with positive bias in early afternoon trade. Indices firmed up in afternoon trade. Key indices dipped in negative zone in mid-afternoon trade. Stocks regained positive zone in late trade. The Sensex rose 40.99 points or 0.12% to settle at 34,991.91. The index rose 245.11 points, or 0.70% at the day's high of 35,196.03. The index fell 61.20 points, or ...

Some Raw Data Photo :  Best Picks From Dolly Khanna 1. Lasa Supergenerics Ltd (Rs.21.70):~ #Market Cap: Rs.49.50 Cr #EPS - Rs.1.02 #Price/Book -- Rs.0.42 #P/E -- 21.23 #Industry P/E -- 39.22 #Face Value -- Rs.10 2. Omkar Speciality Chemicals Ltd (Rs.10.10):~ #Market Cap -- Rs.21.38 Cr only. #P/E -- 0.58 #Book Value -- Rs.94.99 #EPS -- Rs.18.02 (From Money Control Website. Double Check from your sources) #Price/Book -- 0.11 #Industry P/E -- 39.22 #Face Value -- Rs.10. Though the scrip of Lasa Supergenerics Ltd has been hitting the upper circuits since the last couple of days. I find that, its parent company, Omkar Speciality Chemicals Ltd where corporate bodies and NRIs hold 6.55% and 2.94% respectively, to be more promising. However, both the companies are good as far as creating wealth for the shareholders are concerned and hence you can decide your choice, from the two. 

Winning Strokes : Think Different Anant Raj, Tech Park - Panchkula, Haryana Key equity indices settled with modest losses on first trading day of the week due to negative Asian stocks. Key barometers remained in negative zone for majority of the day's trading session. The Sensex settled below the psychological 35,000 level after sliding below that level in early trade. The Sensex fell 60.73 points or 0.17% to settle at 34,950.92. The index rose 111.76 points, or 0.32% at the day's high of 35,123.41. The index fell 200.05 points, or 0.57% at the day's low of 34,811.60. The Nifty 50 index fell 24.80 points or 0.24% to settle at 10,528.20. The index rose 5.80 points, or 0.05% at the day's high of 10,558.80. The index fell 76 points, or 0.72% at the day's low of 10,477. The S&P BSE Mid-Cap index fell 0.47%. The S&P BSE Small-Cap index fell 0.28%. The market breadth, indicating the overall health of the market, was negative. On the BSE, 12...

Winning Strokes : Think Different Photo : Triveni Turbines The market climbed on Friday in line with global stocks as crude prices fell and the rupee extended gains to touch a one-month high. Global shares rose on hopes of a trade agreement between China and the United States. The Sensex ended above the psychologically important 35,000 mark after moving above and below that level in intraday trade. Weakness in IT shares capped gains. The Sensex rose 579.68 points or 1.68% to settle at 35,011.65, its highest closing level since 16 October 2018. The index rose 758.23 points, or 2.20% at the day's high of 35,190.20. The index rose 217.83 points, or 0.63% at the day's low of 34649.80. The Nifty 50 index rose 172.55 points or 1.66% to settle at 10,553, its highest closing level since 16 October 2018. The index rose 226.50 points, or 2.18% at the day's high of 10,606.95. The index rose 77.25 points, or 0.74% at the day's low of 10,457.70. Among secondary b...