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Post Session: Quick Review

26 Jun 2020 Evaluate

Indian equity benchmarks ended the last trading day of the week on optimistic note. After a positive start, markets remained in green terrain for the whole trading session, supported with Union Commerce Minister Piyush Goyal’s statement that India is keen to focus on certain sectors where it has competitive advantage, emphasising that the country cannot afford to remain dependent on low cost, low quality products. Investors also took a note of Union Finance Minister Nirmala Sitharaman’s statement that the government was in talks with the Reserve Bank of India (RBI) for a one-time restructuring of loans to help companies which are under stressed due to the Covid-19 pandemic.

In the second half of the trading session, firm trade continued, as Minister of State for Defence Shripad Naik said that strong indigenous defence-manufacturing capabilities would help India safeguard its prosperity generated over the last couple of decades. Naik emphasised on the huge opportunity the defence sector presents for the micro, small and medium enterprises (MSMEs). However, volatility witnessed over Dalal Street with FIEO’s statement that the country's exports are likely to witness a 10-12% year-on-year decline during the ongoing fiscal, if the current trend persists, due to the contraction in global demand on account of the COVID-19 pandemic.

On the global front, European markets were trading on higher note, despite resurgence in U.S. COVID-19 cases and its impact on the global economy. Asian markets ended mostly higher, after Consumer sentiment in South Korea ticked higher in June, with a consumer survey index score of 81.8. That's up from 77.6 in May. Consumer sentiment regarding current living standards was 5 points higher than in May at 84, and the future outlook for living standards was 2 points up to 87.

The BSE Sensex ended at 35171.27, up by 329.17 points or 0.94% after trading in a range of 34910.34 and 35254.88. There were 17 stocks advancing against 13 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.27%, while Small cap index was up by 0.19%. (Provisional)

The top gaining sectoral indices on the BSE were IT up by 5.06%, TECK up by 4.02%, Oil & Gas up by 2.75%, Energy up by 1.76% and PSU up by 1.37%, while FMCG down by 1.16%, Realty down by 1.10%, Healthcare down by 0.54% and Consumer Durables down by 0.13% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Infosys up by 6.94%, TCS up by 5.22%, Indusind Bank up by 3.64%, ONGC up by 2.87% and HDFC Bank up by 2.59%. On the flip side, ITC down by 3.54%, Bajaj Finance down by 3.33%, Kotak Mahindra Bank down by 3.00%, Sun Pharma down by 1.58% and Mahindra & Mahindra down by 1.00% were the top losers. (Provisional)

Meanwhile, Minister of State for Defence Shripad Naik has expressed optimism that strong defence capabilities would help the nation in safeguarding the prosperity generated over last couple of decades and also protect key economic interests like trade routes and safety going forward.

He also said that focus on developing a strong domestic capability in defence would be a great economic growth impetus and also help in skilled job creation in manufacturing, a key need and priority for the nation. Naik further noted that India has emerged as a key global power driven by the impressive economic growth backed by its longstanding moral leadership on core humanitarian and geographical issues.

The Minister emphasised that the huge opportunity and clear vision of Central Government for the defence sector has attracted the attention of not only a few large players but also a large number of Micro, Small and Medium sized enterprises, which visualise this unprecedented opportunity as a gateway towards entering into the domain of defence production.

The CNX Nifty ended at 10383.00, up by 94.10 points or 0.91% after trading in a range of 10311.25 and 10409.85. There were 26 stocks advancing against 23 stocks declining, while 1 stock remain unchanged on the index. (Provisional)

The top gainers on Nifty were Infosys up by 6.81%, BPCL up by 6.32%, TCS up by 5.10%, Indian Oil Corporation up by 4.82% and Indusind Bank up by 3.66%. On the flip side, Bharti Infratel down by 3.44%, ITC down by 3.41%, Bajaj Finance down by 3.39%, Kotak Mahindra Bank down by 3.01% and Tata Motors down by 2.31% were the top losers. (Provisional)

European markets were trading higher, UK’s FTSE 100 increased 65.18 points or 1.06% to 6,212.32, France’s CAC increased 42.50 points or 0.86% to 4,961.08 and Germany’s DAX was up by 66.56 points or 0.55% to 12,244.43.

Asian markets ended mostly higher on Friday, tracking gains on Wall Street overnight after U.S. regulators eased bank rules that will free up billions of capital. The news helped offset worries about a continued surge in coronavirus cases in the United States. Though, Hong Kong shares ended lower as the US Senate passed a bipartisan bill by unanimous consent that would impose sanctions on China for its decision to implement national security laws in Hong Kong and Macau. Meanwhile, markets in Taiwan and China were closed for the Dragon Boat Festival.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	-	-	-
Hang Seng	24,549.99	-231.59	-0.93
Jakarta Composite	4,904.09	7.36	0.15
KLSE Composite	1,488.14	-1.06	-0.07
Nikkei 225	22,512.08	252.29	1.13
Straits Times	2,604.51	14.36	0.55
KOSPI Composite	2,134.65	22.28	1.05
Taiwan Weighted	-	-	-

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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