One Report to Answer all your Questions!

Get your Portfolio Verdict now

Post Session: Quick Review

30 Jun 2020 Evaluate

Indian equity benchmarks closed the trading session below their neutral lines on Tuesday. Key indices made a positive start of the trading day, amid a report stating that the Reserve Bank of India (RBI) will be conducting a buy and sell open market operations (OMO) in bonds worth Rs 10,000 crore. Adding more optimism among market participants, Union minister Mahendra Nath Pandey said that the government has approved the third phase of skill development scheme, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), with an increased focus on digital technology and industry 4.0.

Indices remained in green for most part of the session, aided with a report that India has been holding up better in hiring than other economies as the COVID-19 pandemic has caused disruptions across the globe with reports of layoffs, furlough and organisations freezing their hiring intentions across sector. Traders also took a note of reports that nearly a fifth of the 45 lakh small businesses identified by the government to benefit from a credit guarantee scheme have low credit rankings, and banks should prioritise the remaining 80 per cent while extending loans under the Rs 3 lakh crore package.

However, in the last hour of the trading day, Indian markets failed to hold gains and closed the session in red terrain, as India Ratings and Research (Ind-Ra) in its latest report has said that the gross state domestic product (GSDP) of all states in India is likely to contract in the range of 1.4 to 14.3 percent in the current financial year (FY21) due to the impact of Covid-19-induced lockdown on economic activities. It also said the states that will witness a double-digit contraction in GSDP growth in FY21 are Assam, Goa, Gujarat and Sikkim.

On the global front, European markets were trading at a lower note, after resurgence in virus infections slowed down the pace of business re-opening. Asian markets ended higher, as the manufacturing sector in China continued to expand in June, and at a slightly faster rate, with a manufacturing PMI score of 50.9. That beat expectations for 50.4 and was up from 50.6 in May. It also moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The BSE Sensex ended at 34915.80, down by 45.72 points or 0.13% after trading in a range of 34812.80 and 35233.91. There were 13 stocks advancing against 17 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.14%, while Small cap index was down by 0.75%. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 1.05%, Basic Materials up by 0.44%, Consumer Disc up by 0.19%, Bankex up by 0.18% and FMCG up by 0.18%, while Oil & Gas down by 1.51%, Energy down by 1.30%, Telecom down by 1.26%, Healthcare down by 1.21% and PSU down by 1.06% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Maruti Suzuki up by 2.77%, Nestle up by 2.63%, ICICI Bank up by 2.42%, Ultratech Cement up by 2.11% and Tata Steel up by 1.68%. On the flip side, Power Grid down by 2.08%, Sun Pharma down by 1.70%, ITC down by 1.32%, ONGC down by 1.21% and Bharti Airtel down by 1.17% were the top losers. (Provisional)

Meanwhile, NITI Aayog and Rocky Mountain Institute (RMI) have released a new report titled ‘Towards a Clean Energy Economy: Post-Covid-19 Opportunities for India’s Energy and Mobility Sectors’, which advocates for stimulus and recovery efforts that work towards building a clean, resilient, and least-cost energy future for India. These efforts include electric vehicle, energy storage, and renewable energy programs.

The latest report identifies how COVID-19 is beginning to influence the clean energy transition in India, specifically for the transport and power sectors, and recommends principles and strategic opportunities for the country’s leaders to drive economic recovery and maintain momentum towards a clean energy economy. It said that COVID-19 has presented significant demand and supply-side challenges for India’s transport and power sectors, from liquidity constraints and supply shortages to shifts in consumer demand and preferences.

The report also lays out four principles as a framework for policymakers and other key decision-makers considering programmes to support India’s clean energy future such as invest in least-cost-energy solutions, support resilient and secure energy systems, prioritize efficiency and competitiveness, and promote social and environmental equity.

The CNX Nifty ended at 10302.10, down by 10.30 points or 0.10% after trading in a range of 10267.35 and 10401.05. There were 22 stocks advancing against 28 stocks declining on the index. (Provisional)

The top gainers on Nifty were Shree Cement up by 3.17%, Maruti Suzuki up by 2.81%, Nestle up by 2.69%, ICICI Bank up by 2.43% and Britannia up by 2.40%. On the flip side, BPCL down by 2.44%, Indian Oil Corporation down by 2.01%, Power Grid down by 1.91%, Sun Pharma down by 1.88% and UPL down by 1.55% were the top losers. (Provisional)

European markets were trading lower, UK’s FTSE 100 decreased 55.37 points or 0.89% to 6,170.40, France’s CAC decreased 22.07 points or 0.45% to 4,923.39and Germany’s DAX was down by 26.86 points or 0.22% to 12,205.26.

Asian markets ended higher on Tuesday after strong gains on Wall Street overnight on optimism over economic activity recovery, despite the reports of surging corona virus pandemic cases worldwide. Market sentiment improved further on strong data from the US housing market and Chinese factories. Data showing that China's manufacturing sector expanded more than expected in June, and at a slightly faster rate with a manufacturing PMI score of 50.9. That beat expectations for 50.4 and was up from 50.6 in May. The non-manufacturing index came in with a score of 54.4, beating expectations for 54.1 and up from 53.6 in the previous month. Data showed that the amount of future home sales in the US in May increased by 44.3% month-on-month against expected growth of 18.9%. Investors shrugged off disappointing economic data released from Japan earlier in the day, including rising unemployment and weak factory activity for May.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,984.67	23.15	0.78
Hang Seng	24,427.19	125.91	0.52
Jakarta Composite	4,905.39	3.57	0.07
KLSE Composite	1,500.97	6.54	0.44
Nikkei 225	22,288.14	293.10	1.33
Straits Times	2,589.91	15.81	0.61
KOSPI Composite	2,108.33	14.85	0.71
Taiwan Weighted	11,621.24	78.62	0.68

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?