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09 Jul 2020 Evaluate

Indian equity benchmarks ended Thursday’s trading session on a bullish note. After a positive start, the markets remained in green for the whole trading session, as the Cabinet approved the development of affordable rental housing complexes (ARHCs) for urban migrants and poor as a sub-scheme under the Pradhan Mantri (PM) Awas Yojana. This initiative was first announced by Finance Minister Nirmala Sitharaman as part of the Atmanirbhar Bharat package in May. Some support also came in with a private report that hiring activities in June remained muted on a year-on-year basis, but registered an increase over the previous month amid nationwide relaxations of coronavirus-induced lockdown norms.

Key indices extended their gains in the second half of the trading session, after the Cabinet approved a proposal to extend distribution of free foodgrains and pulses under the Pradhan Mantri Garib Anna Yojana (PMGKAY) to 81 crore PDS beneficiaries for five months till November. The scheme was initially rolled out for three months till June to ensure no poor goes hungry during the COVID-19 crisis. Market participants took a note of report that the National Association of Software and Services Companies (Nasscom) has launched Nasscom Launchpad in New Jersey, to promote cross border trade through partnerships.

On the global front, European markets were trading mostly in green as software giant SAP signalled a rebound in its business from a coronavirus hit, while optimism over China's recovery helped Germany outperform. Asian markets ended mostly higher on Thursday, after China's producer prices declined for the fifth straight month in June, but the pace of deflation eased as the economy showed signs of recovery from the coronavirus driven downturn. Producer prices dropped 3 percent on a yearly basis, slower than the 3.7 percent fall seen in May. Although this was the fifth consecutive decrease in prices, the pace of fall slowed in June.

The BSE Sensex ended at 36737.69, up by 408.68 points or 1.12% after trading in a range of 36422.30 and 36806.30. There were 22 stocks advancing against 8 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.07%, while Small cap index was up by 0.49%.(Provisional)

The top gaining sectoral indices on the BSE were Metal up by 2.13%, Bankex up by 1.47%, Basic Materials up by 1.42%, Energy up by 0.95% and Telecom up by 0.89%, while FMCG down by 0.35%, Power down by 0.34%, Capital Goods down by 0.32% and Oil & Gas down by 0.09% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bajaj Finance up by 3.93%, SBI up by 3.72%, Tata Steel up by 3.05%, HDFC up by 3.05% and Bajaj Finserv up by 2.83%. On the flip side, ONGC down by 1.29%, Tech Mahindra down by 1.27%, TCS down by 0.60%, Hindustan Unilever down by 0.45% and Maruti Suzuki down by 0.31% were the top losers. (Provisional)

Meanwhile, the Union Cabinet has given its approval to new pan India Central Sector Scheme-Agriculture Infrastructure Fund, in order to provide a medium - long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.

Under the scheme, Rs 1 lakh crore will be provided by banks and financial institutions as loans to Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations (FPOs), Self Help Group (SHG), Farmers, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, Aggregation Infrastructure Providers and Central/State agency or Local Body sponsored Public Private Partnership Project.

Agri Infra fund will be managed and monitored through an online Management Information System (MIS) platform. It will enable all the qualified entities to apply for loan under the fund. The online platform will also provide benefits such as transparency of interest rates offered by multiple banks, scheme details including interest subvention and credit guarantee offered, minimum documentation, faster approval process as also integration with other scheme benefits.

The CNX Nifty ended at 10813.45, up by 107.70 points or 1.01% after trading in a range of 10733.00 and 10836.85. There were 33 stocks advancing against 17 stocks declining on the index. (Provisional)

The top gainers on Nifty were Hindalco up by 6.32%, Bajaj Finance up by 3.80%, SBI up by 3.75%, Tata Steel up by 3.08% and HDFC up by 2.96%. On the flip side, Bharti Infratel down by 2.19%, Coal India down by 1.84%, ONGC down by 1.35%, Tech Mahindra down by 1.05% and Hero MotoCorp down by 1.02% were the top losers. (Provisional)

European markets were trading mostly in green, France’s CAC increased 8.84 points or 0.18% to 4,989.97, Germany’s DAX increased 143.74 points or 1.15% to 12,638.55. On the flip side, UK’s FTSE 100 was down by 13.18 points or 0.21% to 6,142.98.

Asian markets ended mostly higher on Thursday, despite concerns over the surging corona virus cases worldwide. Chinese shares ended with strong gains following the release of China’s June inflation data. The Chinese Consumer price index grew 2.5 percent year on year last month, expanding from the 2.4 percent gain in May, according to data from the National Bureau of Statistics. The bureau also stated that producer price index slipped 3 percent year-on-year in June. Meanwhile, its state-run media warned that investors should still pursue rational investments and manage risks. In addition, China’s securities regulator published a list of 258 illegal margin lending platforms and their operators to try to tame a bull run on the country's stock markets. Moreover, Japanese shares ended up as the yen eased on the back of better than expected machinery orders data. The total value of core machine orders in Japan was up a seasonally adjusted 1.7 percent in May after a 12.0% slump in April, the fastest drop since 2018.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,450.59	47.15	1.39
Hang Seng	26,210.16	80.98	0.31
Jakarta Composite	5,052.79	-23.38	-0.46
KLSE Composite	1,583.25	-0.25	-0.02
Nikkei 225	22,529.29	90.64	0.40
Straits Times	2,652.65	-16.84	-0.63
KOSPI Composite	2,167.90	9.02	0.42
Taiwan Weighted	12,192.69	22.50	0.18

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
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

Data provided by Accord Fintech Pvt. Ltd.

*Color code for outperformance consistency

*Number is average 3 year rolling returns

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