One Report to Answer all your Questions!

Get your Portfolio Verdict now

Benchmarks trade slightly in the green in early deals

18 Nov 2014 Evaluate

Indian equity benchmarks are trading slightly in the green in early deals on Tuesday on reports that foreign institutional investors remained net buyers in Indian equities worth Rs 656.37crore on November 17, as per provisional stock exchange data. Some support also came in after Finance Minister Arun Jaitley said that inflation has moderated and global fuel price has eased and hoped that Reserve Bank of India would prune interest rates as it will give a ‘good fillip’ to the Indian economy.

On the global front, the US markets made a flat closing in last session, though the trade remained lackluster throughout the day as traders expressed uncertainty about the global economic outlook following mixed developments overseas. Asian markets were trading mostly higher at this point of time led by Japanese market, which bounced back awaiting a decision by Japanese Prime Minister Shinzo Abe to put off a sales-tax increase after the country’s economy entered recession.

Back home, on the sectoral front, metal, infrastructure and healthcare witnessed the maximum gain in trade, while software and fast moving consumer goods remained the only losers on the BSE sectoral space. The broader indices were trading with traction, while the market breadth on the BSE was positive; there were 1353 shares on the gaining side against 715 shares on the losing side while 70 shares remain unchanged.

The BSE Sensex opened at 28209.03; around 28 points lower as compared to its previous closing of 28177.88, and has touched a high and a low of 28260.66 and 28177.30 respectively. The BSE Sensex is currently trading at 28238.57, up by 60.69 points or 0.22%. There were 18 stocks advancing against 12 stocks declining on the index

The overall market breadth remained in the favour of advances with 63.28% stocks advancing against 33.44% declines. The broader indices were trading in the green; the BSE Mid cap index was up by 0.47%, while Small cap index up by 0.91%.

The gaining sectoral indices on the BSE were Metal up by 1.73%, Infrastructure up by 1.06%, Healthcare up by 0.96%, Power up by 0.86% and PSU up by 0.75%, while IT down by 0.25% and FMCG down by 0.07% were the only losing indices on BSE.

The top gainers on the Sensex were Sesa Sterlite up by 2.91%, Bharti Airtel up by 2.63%, GAIL India up by 2.51%, Tata Steel up by 1.74% and Hindalco up by 1.33%. On the flip side, HDFC down by 1.05%, Bajaj Auto down by 0.65%, Hindustan Unilever down by 0.40%, Axis Bank down by 0.38% and Infosys down by 0.34% were the top losers.

Meanwhile, Finance Minister Arun Jailtey, at an Investor Summit, expressed hope that the Select Committee of the Rajya Sabha on the Insurance Laws (Amendment) Bill would submit a report parliament which would further government’s reform agency in the upcoming winter session. The 15 member committee has been asked to submit its report on the last day of the first week of the session.

In the 15-member committee, headed by BJP member Chandan Mitra, while seven members, including the Biju Janata Dal’s Kalpataru Das and Independent Rajeev Chandrashekhar, support the bill, the remaining 8 members have expressed certain reservations against certain clauses in the bill.

Of the remaining 8 members against the bill, three members belong to congress party and one each from Samajwadi Party, the Bahujan Samajwadi Party, CPI-M, the Trinamool Congress and the AIADMK party respectively.

The Bill, which proposes to hike the FDI limit in the insurance sector from 26% to 49%, has been caught in a logjam with the Congress-led opposition insisting that it be referred to a select committee. In August, succumbing to opposition pressure, the BJP-led NDA Government had agreed to refer the Insurance Bill to a 15-member panel.Further, Select Committee has already held consultations with public and private sector insurance companies, employees’ representatives, experts and officials and is expected to submit its final report to the Government in the third week of November, ahead of the Winter Session.

The CNX Nifty opened at 8,441.25; around 11 point higher as compared to its previous closing of 8,430.75, and has touched a high and a low of 8,448.70 and 8,422.55 respectively.

The CNX Nifty is currently trading at 8441.05, up by 10.30 points or 0.12%. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Sesa Sterlite up by 2.67%, PNB up by 2.57%, GAIL India up by 2.41%, Bharti Airtel up by 1.93% and Tata Steel up by 1.67%. On the flip side, HDFC down by 1.35%, HCL Tech. down by 0.85%, Bajaj Auto down by 0.84%, Indusind Bank down by 0.70% and Cairn India down by 0.69% were the top losers.

Asian markets were trading mostly in the green; Nikkei 225 soared 287.77 points or 1.70% to 17,261.57, KOSPI Index increased by 21.89 points or 1.13% to 1,965.52, Straits Times spurted by 14.03 points or 0.43% to 3,302.70, Jakarta Composite added 26.23 points or 0.52% to 5,080.17 and FTSE Bursa Malaysia KLCI was up by 4.58 points or 0.25% to 1,811.06.

On the flip side, Hang Seng dropped 177.33 points or 0.75% to 23,619.75, Shanghai Composite contracted 10.25 points or 0.41% to 2,463.76 and Taiwan Weighted was down by 41.97 points or 0.47% to 8,842.42.

SEBI Registered: Investment Adviser - INA000013323

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity - May 16, 2019 - Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Disclaimer: Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provides any assurance of returns to investors.

Compliance Officer:

Name: Shrikant Jagtap

Email: shrikant.jagtap@moneyworks4me.com

Mobile No: +91 97638 00745

Grievance Officer:

Name: Mukta Vaze

Email: mukta.vaze@moneyworks4me.com

Mobile No:+91 98609 19463

Principal Officer:

Name: Atharva Bhide

Email: atharva.bhide@moneyworks4me.com

Mobile No:+91 91758 99463

SEBI regional/local office address -

Plot No. C 4-A , G Block, Near Bank of India, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051

Address:

The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

*Color code for outperformance consistency

*Number is average 3 year rolling returns

Want to invest successfully in stocks?

How the heck do you select a solution that ensures it?

Check how good is your current solution!

Does it get you focused on meeting your financial goals?

Investing is to means to funding your goals. Your solution must help you get clarity of your goals and how you should invest to reach them. Does your solution include Financial Planning?

Does it have a way of investing that you are confident will work for you?

Are you clear of the rationale behind recommendations?

Do you have a way of answering the most important questions: Which stocks are worth investing in, at what price and how do you build your portfolio?

Does it make it easy to find opportunities without wasting your time?

Are you spending too much time finding opportunities?
Do you have a way of knowing when opportunities from your chosen set of stocks arise in the future?
How confident are you about them?