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23 Jun 2020 Evaluate

Indian equity benchmarks ended near their day’s high points on Tuesday, as bulls held tight grip over the Dalal Street. Key indices made a positive start of the day, aided by Niti Aayog Vice Chairman Rajiv Kumar’s statement that India will transform into a middle-income country from a lower middle-income economy by 2030. Kumar also said that India will witness a recovery in investment cycle by April 2021 and beef up efforts on trade front as well. Adding more optimism among market participants, Commerce and industry minister Piyush Goyal said that India's exports in the first two weeks of June have reached above 80% level of the same period last year and would be only 10-12% lower in the month compared to June 2019.

Key indices turned sluggish in early morning deals but soon gained traction, taking support from Fitch Ratings’ report that India is very likely to come out with another round of fiscal stimulus package, worth about 1 percent of Gross Domestic Product (GDP) in the coming months. Domestic sentiments remained positive for whole day, amid reports that despite the economic setback India is experiencing from the COVID-19 pandemic, business leaders and experts are predicting the Indian economy and recruitment landscape will bounce back in the near future. However, the demand for technology talent with niche skill sets in ecommerce, artificial intelligence (AI) and other emerging industries continues to stay strong.

On the global front, European markets were trading higher, despite some concerns over the state of the U.S.-China trade deal, and a surge of coronavirus cases in the U.S. and elsewhere. Asian markets ended mostly higher, despite the manufacturing sector in Japan continued to contract in June, and at a faster rate, with a manufacturing PMI score of 28.9. That's down from 30.3 in May, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Individually, output, new orders, new export orders, employment, backlogs, output prices, input prices and future output all continued to contract.

The BSE Sensex ended at 35430.43, up by 519.11 points or 1.49% after trading in a range of 34843.69 and 35482.16. There were 27 stocks advancing against 3 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 1.69%, while Small cap index was up by 1.80%. (Provisional)

The top gaining sectoral indices on the BSE were Power up by 4.24%, Capital Goods up by 4.06%, Utilities up by 3.40%, Realty up by 3.05% and Industrials up by 3.00%, while Energy down by 1.05% was the only losing index on BSE. (Provisional)

The top gainers on the Sensex were Larsen & Toubro up by 6.68%, Bajaj Finance up by 6.54%, Indusind Bank up by 6.29%, NTPC up by 5.88% and Power Grid up by 3.86%. On the flip side, Reliance Industries down by 1.55%, Bharti Airtel down by 0.36% and Maruti Suzuki down by 0.20% were the top losers. (Provisional)

Meanwhile, in its significant step to promote ‘Make in India’ and ‘Aatmanirbhar Bharat’, the Government e-Marketplace (GeM), a Special Purpose Vehicle under the Ministry of Commerce and Industry, has made it mandatory for sellers to enter the Country of Origin while registering all new products on GeM.

As per the notification, sellers, who had already uploaded their products before the introduction of this new feature on GeM, are being reminded regularly to update the country of origin, with a warning that their products shall be removed from GeM if they fail to update the same.

GeM has also enabled a provision for indication of the percentage of local content in products. With this new feature, now, the Country of Origin as well as the local content percentage are visible in the marketplace for all items. Besides, the ‘Make in India’ filter has now been enabled on the portal.

The CNX Nifty ended at 10471.00, up by 159.80 points or 1.55% after trading in a range of 10301.75 and 10484.70. There were 46 stocks advancing against 4 stocks declining on the index. (Provisional)

The top gainers on Nifty were Larsen & Toubro up by 6.63%, Bajaj Finance up by 6.52%, Indusind Bank up by 6.23%, NTPC up by 5.72% and Hindalco up by 5.50%. On the flip side, Reliance Industries down by 1.45%, Bharti Airtel down by 0.39%, Maruti Suzuki down by 0.16% and Vedanta down by 0.05% were the top losers. (Provisional)

European markets were trading higher, UK’s FTSE 100 increased 52.76 points or 0.84% to 6,297.38, France’s CAC increased 73.06 points or 1.48% to 5,021.76 and Germany’s DAX was up by 250.36 points or 2.04% to 12,513.33.

Asian markets ended mostly higher on Tuesday after US President Donald Trump said the trade deal with China was fully intact, following confusing statements from the White House regarding the agreement’s status. Japanese shares ended higher tracking gains on Wall Street overnight with a boost from technology stocks following Apple's announcement that it plans to build its own chips for its Mac computers. Investors shrugged off reports of surging corona virus cases in the US and many other countries.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,970.62	5.35	0.18
Hang Seng	24,907.34	396.00	1.62
Jakarta Composite	4,879.13	-39.70	-0.81
KLSE Composite	1,507.04	-4.20	-0.28
Nikkei 225	22,549.05	111.78	0.50
Straits Times	2,634.92	5.23	0.20
KOSPI Composite	2,131.24	4.51	0.21
Taiwan Weighted	11,612.36	39.43	0.34

SEBI Registered: Investment Adviser - INA000013323

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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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

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