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Sensex, Nifty remain in green terrain

30 Jun 2020 Evaluate

Indian equity bourses remained in green terrain in late morning deals, on the back of positive cues from other Asian markets. Heavy buying at Realty and Metal counters, was also helping key indices to maintain their trade in green terrain. Traders were seen taking 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. The Guaranteed Emergency Credit Line (GECL) facility is applicable to all MSME (micro, small and medium enterprises) borrowers with industry-wide aggregate credit exposure of up to Rs 25 crore and industry-wide delinquency less than or equal to 60 days as of February 29, 2020.

On the global front, Asian markets were trading in green, 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 is currently trading at 35064.91, up by 103.39 points or 0.30% after trading in a range of 35029.92 and 35233.91. There were 19 stocks advancing against 11 stocks declining on the index.

The broader indices were trading mixed; the BSE Mid cap index gain 0.41%, while Small cap index was down by 0.09%.

The top gaining sectoral indices on the BSE were Realty up by 1.29%, Metal up by 1.05%, Auto up by 0.79%, Basic Materials up by 0.76% and Bankex up by 0.62%, while Healthcare down by 0.59%, Oil & Gas down by 0.47%, TECK down by 0.16%, Telecom down by 0.15% and IT down by 0.14% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 3.08%, ICICI Bank up by 2.56%, HDFC up by 2.05%, NTPC up by 1.63% and Ultratech Cement up by 1.62%. On the flip side, Sun Pharma down by 1.49%, ITC down by 1.06%, ONGC down by 0.91%, Bajaj Auto down by 0.71% and HDFC Bank down by 0.64% were the top losers.

Meanwhile, the Engineering Exports Promotion Council (EEPC) India in its latest report has said that the auto exports plunged 73% in May 2020 to $230.3 million (about Rs 1,736 crore) as compared to the year-ago period with shipments to key markets like the US and Mexico registering a sharp decline owing to supply-chain issues due to lockdown. It said the exports of auto components too suffered a major setback during the month with important markets including the US, Mexico, Germany, and Japan reporting de-growth in the range of 34-68%.

It said Covid-19 public health crisis has taken a massive toll on exports of India's automobiles in May 2020 with as much annualised erosion as 98% and 65% in shipments to key markets like the US and Mexico, respectively. The exports to the US last month in value terms stood at a mere $1.37 million as against $79.82 million in the same month last year while shipments to Mexico dropped to $42.50 million from $122.98 million. In April-May period of the ongoing financial year, the exports dropped by 83% to $281.1 million from $1,632.7 million in the year ago period.

The council said the total export of auto components and parts recorded 65.5% decline at $163.2 million during May 2020 from $473.6 million exports in the same month last year, it said. In April-May period, the export plunged 77.8% to $196.3 million from $885.6 million in the same period of the previous fiscal. However, the US remained the top importer of auto components in April-May 2020 with a share of 22.33 per cent followed by Turkey, Germany, Japan and Mexico with a share of 8.30%, 6.89%, 4.34% and 3.79%, respectively.

The CNX Nifty is currently trading at 10336.80, up by 24.40 points or 0.24% after trading in a range of 10333.85 and 10401.05. There were 25 stocks advancing against 24 stocks declining, while 1 stock remain unchanged on the index.

The top gainers on Nifty were Tata Steel up by 2.76%, ICICI Bank up by 2.40%, Hindalco up by 2.13%, HDFC up by 2.07% and Britannia up by 2.03%. On the flip side, GAIL India down by 1.59%, Sun Pharma down by 1.40%, ONGC down by 1.03%, ITC down by 1.01% and Vedanta down by 0.88% were the top losers.

Asian markets were trading in green; Nikkei 225 surged 404.70 points or 1.84% to 22,399.74, Taiwan Weighted strengthened 52.49 points or 0.45% to 11,595.11, KOSPI rose 36.93 points or 1.76% to 2,130.41, Straits Times advanced 29.62 points or 1.15% to 2,603.72, Shanghai Composite gained 17.04 points or 0.58% to 2,978.56, Jakarta Composite soared 17.12 points or 0.35% to 4,918.94 and Hang Seng increased 215.16 points or 0.89% to 24,516.44.

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

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