Opening Bell

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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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