Dabur Q3 beats estimates, profit rises 10%, domestic volume growth at 12.4%

FMCG company Dabur India has reported healthy numbers for October-December quarter as earnings beat analyst expectations on Thursday. Consolidated profit grew by 10.2 percent year-on-year to Rs 366 crore, which was ahead of CNBC-TV18 poll estimates of Rs 357 crore.

Profit in corresponding period last fiscal stood at Rs 332 crore.

Consolidated revenue during the quarter increased 11.8 percent year-on-year to Rs 2,199 crore with healthy domestic volume growth at 12.4 percent against 13 percent in same period last year.

"Prudent cost management initiatives coupled with strong growth in the domestic market across our key business categories helped Dabur India Ltd mitigate the weaker economic indicators and macro-economic headwinds in some international markets to deliver a strong overall performance in the third quarter of 2018-19 financial year," the company said.

A CNBC-TV18 poll estimates for revenue stood at Rs 2,169 crore and domestic volume growth at 8-10 percent.

Dabur's shampoo business grew by 25.2 percent and hair oil business was up 23.6 percent, helping the hair care category report a nearly 24 percent growth during the quarter.

The skin & salon business ended the quarter with a 19.3 percent growth, while the OTC & ayurvedic ethicals business grew by 17.6 percent.

Dabur's toothpaste sales, led by continued demand for flagship Dabur Red Paste, was up 11.1 percent while the foods business also grew by 11.1 percent.

Sunil Duggal, Chief Executive Officer, said, "The medium-term prospects for India remain robust and we are confident that domestic consumer sentiment, particularly in rural markets, will gain pace in the months to come on the back of fiscal stimulus."

At operating level too, numbers were ahead of estimates. Consolidated EBITDA (earnings before, interest, tax, depreciation and amortisation) in Q3 increased 4.3 percent to Rs 445.2 crore, but margin contracted to 20.2 percent against 20.5 percent YoY.

A CNBC-TV18 poll expectations for EBITDA stood at Rs 433 crore and margin at 20 percent for the quarter.

SP Tulsian of sptulsian.com told CNBC-TV18 that Dabur reported very good numbers for the quarter. "Considering the good rabi crop season and likely continuity in rural consumption growth, Dabur is expected to trade strong going ahead."

Even if it does 10 percent volume growth, numbers are expected to remain good going ahead, according to him.

The stock was quoting at Rs 433, up Rs 2.15, or 0.50 percent on the BSE, at 14:48 hours IST.

Source: https://www.moneycontrol.com/news/business/earnings/dabur-q3-beats-estimates-profit-rises-10-domestic-volume-growth-at-12-4-3462671.html

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Closing Bell: Nifty ends January series above 10,800; Sensex surges 665 points

Market at close: Benchmark indices posted handsome gains on the F&O Expiry day and ahead of Budget, which to be declared on February 1.

At the close, the Sensex was up 665.44 points at 36256.69, while Nifty was up 179.20 points at 10831. About 1403 shares have advanced, 1138 shares declined, and 131 shares are unchanged. 

Axis Bank, Infosys, Tata Motors, GAIL and Titan Company are among major gainers on the Nifty, while losers are Yes Bank, Bajaj Finserv, Zee Entertainment, Indiabulls Housing and HCL Tech.

All the sectoral indices ended in green led by Energy, Metal, Bank, Auto, IT, Infra and FMCG.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-indices-extend-gains-on-expiry-day-nifty-at-10830-sensex-up-over-650-points-3459401.html

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Nifty below 10,700, Sensex up 150 points; Zee Ent, Bajaj Finance slip

Market Opens: Benchmark indices opened higher on Thursday with Nifty trading around 10,700.

At 09:17 hrs IST, the Sensex is up 205.23 points at 35796.48, while Nifty is up 44.40 points at 10696.20. About 532 shares have advanced, 242 shares declined, and 26 shares are unchanged. 

Tata Steel, RIL, Grasim, Vedanta, ICICI Bank, UltraTech Cement, Coal India, UPL, Eicher Motors are trading higher, while BPCL, IOC, HPCL, Bharti Infratel, Adani Port, HDFC, Zee Entertainment are among losers.

All the sectoral indices are trading in green, midcap index is up 0.50 percent.

Rupee Opens: The Indian rupee gained in the early trade on Thursday. It has opened higher by 17 paise at 70.95 per dollar versus previous close 71.12.

Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-below-10700-sensex-up-150-points-zee-ent-bajaj-finance-slip-3459401.html

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ICICI Bank Q3 preview: Analysts expect double-digit growth in profit, NII

Country's largest private sector lender ICICI Bank is likely to show further improvement in earnings with loan growth and net interest income in double digits.

Slippages may moderate and asset quality is likely to be stable in Q3. Profitability is likely to be supported by higher treasury income and pre-provisioning profit during the quarter.

Brokerages expect 5-40 percent on-year growth in profit but sequentially it is expected to show a massive 80-150 percent increase on a low base.

Reliance Securities, Motilal Oswal, Edelweiss Securities and Sharekhan expect more than 100 percent increase QoQ in profitability.

Net interest income, the difference between interest earned and interest expended, may grow in the range of 13-20 percent compared to year-ago with loan growth of around 13-15 percent.

"We expect steady improvement in earnings trajectory led by a recovery in loan growth (around 15 percent YoY) and strong NII growth (20 percent YoY)," Kotak Securities said, adding net interest margin may be flat/marginally positive QoQ.

Motilal Oswal expects loan growth to be around 13 percent YoY, driven largely by retail loans. "Corporate loan growth would be moderate while overseas book would continue to see a decline. Deposit is expected to grow at around 12 percent YoY."

According to the research house, net interest income is expected to grow around 16 percent YoY, whereas Emkay said net interest margin is likely to be stable in Q3, but may look better in Q4 on the back of heavy NPA resolutions.

Overall brokerages expect other income (non-interest income) as well as operating profit to grow more than 20 percent.

Asset quality may see some improvement in Q3 as slippages could stabilise, brokerages said.

Kotak Securities expects reduction in gross NPLs on the back of resolution as well as write-offs. At the same time, watchlist loans will decline QoQ and coverage ratio will improve QoQ, it said.

Gross slippages are expected to moderate to 2.4 percent due to reduction in corporate slippages, Motilal Oswal said, adding net stress loans during Q2FY19 stood at 5.9 percent of loans and are expected to decline further as incremental stress addition moderates.

Emkay sees slippages in the range of Rs 3,000-4,000 crore for the quarter.

Source:https://www.moneycontrol.com/news/business/earnings/icici-bank-q3-preview-analysts-expect-double-digit-growth-in-profit-nii-3450391.html

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Volatile trade continues on D-St; Nifty below 10,650; metal stocks outshine

Market Update: Benchmark indices are trading flat with Sensex up 11.97 points or 0.03% at 35604.47, and the Nifty down 7.40 points or 0.07% at 10644.80.
About 1127 shares have advanced, 929 shares declined, and 106 shares are unchanged. 

Market Opens: It is a strong start for the Indian indices on Wednesday with Nifty is trading around 10,700.

At 09:17 hrs IST, the Sensex is up 148.83 points at 35741.33, while Nifty is up 41.10 points at 10693.30. About 472 shares have advanced, 299 shares declined, and 35 shares are unchanged. 

Axis Bank, HCL Tech, Bank of Baroda, Bajaj Finserv, Indiabulls Housing, Yes Bank, ICICI Bank are among major gainers on the indices, while losers include Adani Ports, BPCL, HDFC Bank, Hero Moto, Dr Reddy's Lab.

Rupee Opens: The Indian rupee opened lower by 25 paise at 71.36 per dollar on Wednesday against Tuesday's close 71.11.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-volatile-trade-continues-on-d-st-nifty-below-10650-metal-stocks-outshine-3453021.html

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Sensex ends 169 pts lower, Nifty below 10,800; Zee Ent plunges 30%

Market at close: Indian indices erased all its morning gains and ended lower on Friday with Nifty finished below 10,800 level.

At the close, the Sensex was down 169.56 points at 36,025.54, while Nifty was down 69.30 points at 10, 780.50. About 692 shares have advanced, 1829 shares declined, and 150 shares are unchanged. 

Bharti Infratel, HCL Tech, Bharti Airtel, Cipla and Yes Bank were the top gainers on the Nifty, while Zee Entertainment, Maruti Suzuki, UltraTech Cement, Hero Motocorp and Indiabulls Housing were the top losers on the Nifty.

Among the sectors, auto index slipped over 3 percent followed by bank, FMCG, infra and metal index. BSE midcap and smallcap stocks also finished lower with more than 1 percent cut.

Source: https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-169-pts-lower-nifty-below-10800-zee-ent-plunges-30-3433321.html

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Nifty above 10,900, Sensex gains 250 points; IT stocks trade higher

Market Opens: Benchmark indices started the day on positive note with Nifty is trading above 10,900 level.

The Sensex is up 201.85 points at 36396.95, while Nifty is up 59.60 points at 10909.40. About 445 shares have advanced, 240 shares declined, and 35 shares are unchanged.

Yes Bank gained 10 percent in early trade on appointment of Ravneet Gill as new MD & CEO. UPL, Bharti Infratel, Sun Pharma, Bhrati Airtel, RIL, Axis Bank, TCS are other mojor gainers, while ICICI Bank and HDFC Bank are trading lower.

Rupee Opens: The Indian rupee opened higher at 71 per dollar on Friday against previous close 71.07.

Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sgx-nifty-indicates-gap-up-opening-for-indian-indices-3433321.html

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Nifty forms 'Doji' pattern, may consolidate unless index breaks 10,985 on upside

The Nifty50 closed rangebound session on a positive note Thursday and formed a 'Doji' kind of indecisive formation on daily candlestick charts. Positive global cues and the rally in Reliance Industries, TCS, HDFC and ITC helped the benchmark index end higher.

The 8 percent rally in Yes Bank after the appointment of Ravneet Singh Gill as new MD & CEO also lifted sentiment.

A 'Doji' is formed when the index opens and then closes approximately around the same level. However, it remains volatile throughout the trading day which is indicated by its long shadow on either side. The candle appears like a cross or a plus sign.

A Doji usually means indecisiveness among the bulls as well as bears, hence there could be some consolidation in coming sessions before directional move on either side, experts said.

The Nifty50 after opening marginally higher immediately slipped into red and hit an intraday low of 10,798.65, followed by rangebound move. The index after consolidation gained strength in late trade and touched a day's high of 10,866.60. It closed 18.30 points higher at 10,849.80.

Interestingly Nifty appears to be taking support around its 100-day simple moving average (10,795) which in the past acted as a resistnace point.

"Inline with its recent behaviour Nifty50 once again attracted buying on a dip towards its critical short term support points which resulted in a Doji kind of indecisive formation with a slightly longer lower shadow hinting positive price action for the day," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

He said lack of follow through selling to Wednesday's fall is suggesting that indices are caught up in a sideways zone and unless they emerge out if this sideways range a directional move will not emerge.

Today's bounce also coincided with the test of its 14-day old ascending channel support whose value is placed around 10,792 levels, he added.

Hence, he said in near term 10,790 appears to be a critical support breach of which may strengthen bearish sentiment for the short term with targets placed around 10,590 kind of levels where as upsides shall remain capped around 10,950.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-doji-pattern-may-consolidate-unless-index-breaks-10985-on-upside-3431151.html

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Sensex trades lower, Nifty around 10,800; Tata Motors, Infosys major losers

  

Market Opens: Indian indices started the day on flat note with Nifty trading below 10,850 level.

The Sensex is down 2.76 points at 36105.71, while Nifty is down 2.10 points at 10829.40. About 374 shares have advanced, 306 shares declined, and 29 shares are unchanged. 

Bharti Airtel, Bharti Infratel, Vodafone Idea, Hero Motocorp, ITC, Zee Entertainment, Asian Paints are the major gainers, while United Spirits, Pidilite, Interglobe are among major losers.

Rupee Opens: The Indian rupee opened higher by 7 paise at 71.27 per dollar on Thursday versus previous close 71.34.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-trades-lower-nifty-around-10800-tata-motors-infosys-major-losers-3427891.html

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Nifty forms bearish candle after consolidation, 10,790 crucial for bulls

The Nifty50 after rangebound trade fell sharply in last hour of trade on Wednesday and formed big bearish candle on the daily charts, weighed by index heavyweights HDFC Bank, Infosys, HDFC and Reliance Industries.

ITC was the biggest loser, down over 4 percent after margin disappointment in Q3.

The immediate crucial support for the index could be 10,790, experts said, adding if it breaks that level then there could be sharp fall in coming sessions.

Overall index has got stuck in a broader trading range of 10,700 to 10,985 zones and requires a decisive range breakout for next leg of rally, experts said.

The Nifty50 after opening flat remained rangebound, but started falling in last hour of trade and hit an intraday low of 10,811.95. The index closed 91.30 points lower at 10,831.50 after breaking its consolidation range of last five trading sessions.

"Recent breakout appears to have whipsawed as Nifty50 signed off the session with a strong bearish candle from around critical resistance point of 10,950 levels. However, still larger picture remains that of sideways as Nifty50 is unable to attract any follow through action in recent past," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

He said interestingly last 13 days of price action carved out a small ascending channel whose support is placed around 10,790 levels.

In case if Nifty slide continues below 10,790 levels then based on this channel breakdown another 200 points fall can be expected with a initial target of 10,571 levels, according to him.

Mazhar said in between Nifty may find some meaning full support around 10,690 levels where as upsides shall remain capped around 10,950. Hence, aggressive traders can go short on Nifty if it trades below 10,790 for one hour and look for a target of 10,600, he advised.

India VIX moved up by 0.58 percent to 18.08 levels. Volatility has to cool down below 16 zones to get a decisive range breakout.

On the option front, maximum Put open interest (OI) is at 10,500 followed by 10,800 strike while maximum Call OI is at 11,000 followed by 10,900 strike.

Meaningful Call writing is at 11,000 followed by 10,900 strike while Put unwinding is at most of the immediate strikes. Option band signifies a trading range in between 10,700 to 11,000 zones.

"Nifty index started to form lower highs - lower lows on daily scale from last two sessions as it failed to surpass multiple hurdle of last nine weeks at 10,985 zones," Chandan Taparia, Associate Vice President | Analyst-Derivatives at Motilal Oswal Financial Services told Moneycontrol.

He said now if it sustains below 10,880 zone then it may drift towards it 50 DEMA and next major support at 10,777 then 10,700 zones while on the upside hurdles are seen at 10,929 then 10,985 levels.

Bank Nifty finally broken its consolidation band of last five trading sessions from 27,350 to 27,600 zones and slipped towards 27,190 levels. It closed 231.50 points lower at 27,250.75 and formed a bearish candle on daily scale as supply pressure is visible at higher levels.

"It has taken multiple hurdle at 27,600 zones and resistances are shifting lower. Now it has to cross and hold above 27,350 zones to witness an upmove towards 27,600 then 27,750 zones while immediate support exists at 27,150 then 27,000 zones," Taparia said.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-bearish-candle-after-consolidation-10790-crucial-for-bulls-3426401.html

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Sensex continues to trade flat, Nifty above 10,900; metal stocks gain

Market opens It is a flat start for the market on Wednesday morning, with the Nifty holding 10,900.

All sectoral indices are giving mixed trends, with gains visible among consumption and pharmaceuticals, while automobiles are showing minor signs of pressure. 

The Sensex is up 23.88 points or 0.07% at 36468.52, and the Nifty up 2.10 points or 0.02% at 10924.90. The market breadth is positive as 273 shares advanced, against a decline of 114 shares, while 36 shares were unchanged.

Yes Bank and Asian Paints were the top gainers, while Infosys, Hero MotoCorp, and Vedanta have lost the most.

Source:https://www.moneycontrol.com/news/business/markets/market-live-sensex-continues-to-trade-flat-nifty-above-10900-metal-stocks-gain-3422411.html

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TVS Motor Q3 profit rises 15% YoY at Rs 178.4 crore; revenue rises 26% YoY

TVS reported a rise of 15 percent (year-on-year) in its net profit for December quarter at Rs 178.4 crore. The company had reported a profit of Rs 154.4 crore during the corresponding quarter of last year.

The company reported revenue growth of 26 percent for the quarter under review at Rs 4,664 crore against Rs 3,703.1 crore last year.

At an operating level, the earnings before interest, taxes, depreciation and amortization (EBITDA) grew to Rs 375.7 crore a jump of 25 percent from Rs 300.5 crore during the previous year.

The operating margin is reported at 8.1 percent against 8.12 percent last year.

At 13:18 hrs TVS Motor Company was quoting at Rs 545.20, up Rs 7.15, or 1.33 percent, on the BSE. It touched an intraday high of Rs 551.10 and an intraday low of Rs 520.60.

Source:https://www.moneycontrol.com/news/business/markets/tvs-motor-q3-profit-rises-15-yoy-at-rs-178-4-crore-revenue-rises-26-yoy-3419381.html

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Sensex down over 100 points, Nifty around 10,900; Sun Pharma up 3%

  

Market opens It’s a negative start to the market on Tuesday morning, with the Sensex falling around 100 points. The Nifty is below 10,950-mark. 

Weakness is visible among automobiles, banks, energy, IT and metal names, while Nifty Pharma index is trading higher. Gains in Sun Pharma are leading the charts for Nifty Pharma. The Nifty Midcap index is down around 0.25 percent. 

The Sensex is down 98.12 points or 0.27% at 36480.84, while the Nifty is lower by 35.90 points or 0.33% at 10926.00. The market breadth was narrow as 209 shares advanced, against a decline of 178 shares, while 38 shares were unchanged.

Sun Pharma and Kotak Mahindra Bank are the top gainers, while Axis Bank, M&M, Hindalco and TCS lost the most

Rupee Opens: The Indian rupee opened marginally higher at 71.22 per dollar on Tuesday versus 71.28 Monday.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-down-over-100-points-nifty-around-10900-sun-pharma-up-3-3417771.html

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IT stocks surge as rupee extends fall to near 71.50/$

Shares of information technology (IT) companies rose in trade as the rupee saw some depreciation.

After falling to 71.34 per US dollar against its previous close of 71.18 per US dollar, the rupee has further extended its fall to nearly 71.50 per US dollar.

Rupee fell in the latter half of the session on Friday primarily as global crude oil prices continued to rally after supply cuts led by OPEC supported prices. OPEC issued a list of oil production cuts by its members and other major producers for six months starting on January 1 to boost confidence in its oil supply reduction pact.

Last week, OPEC’s monthly report showed it had made a strong start in December before the pact went into effect, implementing the biggest month-on-month production drop in almost two years. Today, USD-INR pair is expected to quote in the range of 70.70 and 71.50, said Motilal Oswal.

A weaker rupee is seen as a positive cue for IT companies as it means better revenue.

Source: https://www.moneycontrol.com/news/business/markets/it-stocks-surge-as-rupee-extends-fall-to-near-71-50-3413801.html

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Nifty around 10,900, Sensex flat; L&T slips on buyback rejection by SEBI

Market opens: Benchmark indices started the week on a flat note with Nifty holding above 10,900 level. 

The Sensex is up 30.57 points at 36417.18, while Nifty is down 0.40 points at 10906.60. About 386 shares have advanced, 448 shares declined, and 56 shares are unchanged. 

HDFC Bank, Sun Pharma, NTPC, Infosys, RIL are trading higher, while Wipro, L&T, IOC, BPCL, TCS, Jet Airways, South Indian Bank, DCB Bank,  are among major losers. 

Rupee Opens: The Indian rupee opened lower by 18 paise at 71.36 per dollar on Monday versus Friday's close 71.18.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-around-10900-sensex-flat-lt-slips-on-buyback-rejection-by-sebi-3413441.html

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Budget 2019: What to expect out of interim budget or vote on account

Propriety demands that not too many changes should be made in a vote on account or interim budget. This is all the more true as the vote on account (on February 01) will precede the unveiling of the Direct Tax code report on February 28. Tinkering with the tax rates or tax provisions before the release of the report will lead to avoidable controversies.

While no political party can dare to roll back some reliefs (such as raising exemption limit for individuals under the Income Tax Act), relief measures for rural the population can be expected. We do not foresee any measures having substantial impact on businesses. While the speech may include a vision statement for the next 3-5 years, its implementation will be postponed to the new government.

Shortfall in GST collections (despite customs duty revenues being better than budgeted, net indirect tax receipts till November were only 49.4 percent of estimates compared with 57 percent last year), telecom sector revenues, divestment revenues and some shortfall in direct tax receipts (going by the caution displayed by CBDT chairman recently) could upset the targeted budgeted revenues. This might happen at a time when the expenditure may overshoot budgeted numbers (including fertilizer subsidies which alone could be closer to Rs 1 lakh crore vs Rs 70k crore budgeted). While some shortfall may be recouped from higher RBI dividends, a minor overshooting of fiscal deficit (easily justifiable as usual, due to unpredictable events) is likely unless severe expenditure cuts are undertaken (which does not seem likely ahead of general elections).

Source:https://www.moneycontrol.com/news/business/markets/budget-2019-what-to-expect-out-of-interim-budget-or-vote-on-account-3410771.html

Sensex, Nifty jumps 1%; Heads up as 45 stocks hit 52-week low this week

The Indian market which started on a somber note managed to push the index back above crucial resistance levels in the week gone by, which was largely positive for the bulls. The Nifty50 reclaimed its crucial resistance level of 10,900 and closed the week with gains of 1.04 percent.

Similarly, the S&P BSE Sensex reclaimed 36,000 and closed 1.05 percent higher for the week ended January 18. The broader market underperformed with Smallcap index falling by 0.6 percent while the BSE Midcap index slipped a little over 1 percent in the same period.

Even though the benchmark indices managed to reclaim their crucial resistance levels, the number of stocks which hit 52-week low were more than the number of stocks which hit 52-week highs in the week gone by. This could be seen as a sign of caution ahead of the big event.

Source:https://www.moneycontrol.com/news/business/markets/sensex-nifty-jumps-1-heads-up-as-45-stocks-hit-52-week-low-this-week-3410611.html

Here’s how you could turn Rs 10,000 monthly SIP into Rs 1 crore

The year 2018 was not a golden year for investors in terms of percentage returns. The S&P BSE Sensex rose by about 6 percent while the Nifty50 rallied a little over 3 percent.

2018 could be termed as a volatile year for investors, but as we move into 2019, is there a way investors can grow their wealth?

Well, yes, if investors stick to a disciplined approach to investing via mutual funds — the goal to become a crorepati is quite achievable with minimum risk, suggest experts.

Systematic Investment Plan, or SIP, is an investment plan (methodology) offered by Mutual Funds wherein one could invest a fixed amount in a mutual fund scheme periodically at fixed intervals — say once a month instead of making a lump-sum investment.

SIP has been gaining popularity among Indian MF investors, as it helps in Rupee Cost Averaging and also for investing in a disciplined manner without worrying about market volatility and timing the market, said AMFI.

AMFI data shows that the MF industry added about 9.74 lakh SIP accounts each month on an average during the FY18-19, with an average SIP size of about Rs 3,200 per SIP account. The total amount collected through SIP during November 2018 was Rs 7,985 crore.

Assuming investors in the age bracket of 30-40 years, investors could start with a SIP of Rs 10,000 per month.

“To grow the lump-sum investment of Rs 10 lakh to Rs 1 crore, it will take approx 20 years assuming an average portfolio return of 12 percent,” Rahul Jain, Head, Personal Wealth Advisory, Edelweiss told Moneycontrol.

Equities should be a major part of your portfolio if you are looking to create wealth over a longer time horizon, followed by some amount in debt. Large-cap stocks will be a better choice as compared to mid or small-caps stocks that saw a major correction in 2018.

The big carnage was seen in the broader market that witnessed double-digit cuts in 2018. Remember, the S&P BSE Midcap and the Smallcap index recorded over 160 stocks that rose more than 100 percent in 2017.

“Assuming an investor is 35 years of age with a moderate risk profile and considering the investment horizon of 5 years, he/she should allocate 50% to equity and 50% to debt. Within equity, a larger allocation should be towards large-cap stocks/funds. On the debt side, one should consider short-term debt funds and high-quality bonds and non-convertible debentures,” said Jain.

Source:https://www.moneycontrol.com/news/business/markets/crorepati-portfolio-heres-how-you-could-turn-rs-10000-monthly-sip-into-rs-1-crore-3339351.html

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Indian indices open higher with Nifty holding 10,900-mark; Sun Pharma plunges 11%

Market Opens: Benchmark indices started the day on the positive note with Nifty holding above 10,900 mark.

The Sensex is up 64.75 points at 36438.83, while Nifty is up 14.70 points at 10919.90. About 429 shares have advanced, 312 shares declined, and 30 shares are unchanged. 

RIL, HUL, Vedanta, Hero Motocorp, Grasim, Hindalco, ONGC are the gainers, while Sun Pharma is down 11% and Lupin, Au Small Finance, Jet Airways, Interglobe Aviation are the other major losers.

Rupee Opens: The Indian rupee opened flat at 71.06  per dollar on Friday versus previous close 71.05.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-indian-indices-open-higher-with-nifty-holding-10900-mark-sun-pharma-plunges-11-3405561.html

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