One Report to Answer all your Questions!

Get your Portfolio Verdict now

Post Session: Quick Review

07 Jul 2021 Evaluate

Indian equity benchmarks ended the volatile day of trade in green terrain on Wednesday with frontline gauges settling above their crucial 52,000 (Sensex) and 15,850 (Nifty) levels. Markets started the day on cautious note as traders remained cautious on report that India recorded a spike of 43,957 new infections, taking the total caseload to 30,662,896, according to Worldometer. Additional pessimism came from report that, goods and services tax collections fell below the Rs 1-trillion mark for the first time in nine month in June to a 10-month low, as economic activity got disrupted due to the second Covid-19 wave. However, markets turned optimistic in later part of the day as traders took some encouragement with External Affairs Minister S Jaishankar’s statement that India is coming out of the second wave of the coronavirus pandemic and it will witness a strong economic recovery and contribute to being an engine of growth for the global economy.

Sentiments got a boost as government brought Department of Public Enterprises (DPE) under the Finance Ministry in order to better control public sector enterprises as it looks to privatize them. Earlier, the DPE came under the Ministry of Heavy Industries and Public Enterprises. It monitors the performance of PSUs, dividend, capex performance, possibility of buyback of shares, and pay packages of the staff, among others. Traders also took a note of another private report stated that India's hiring rate has recovered moderately from 10 per cent in April to 35 per cent in May 2021, but the aftermath of the second COVID-19 wave has left professionals in India increasingly vulnerable to the economic uncertainty.

Firm opening in European counters too aided sentiments with all the European counters were trading in green as investors moved further away from expecting the Federal Reserve to curb pandemic support for financial markets. Back home, aviation stocks remained in focus as credit rating agency ICRA in its report said domestic air passenger traffic was back to the growth trajectory in June amid the falling number of COVID-19 cases in the country with around three million passengers flying on local routes in the previous month as against around two million in May. Tyre industry’s stocks remained in focus with ratings agency ICRA’s report stated that after two years of contraction, the Indian tyre industry's demand is poised to grow by 13-15 per cent in the original equipment manufacturer (OEM) segment and 7-9 per cent in the replacement market segment this fiscal.

The BSE Sensex ended at 53054.76, up by 193.58 points or 0.37% after trading in a range of 52751.76 and 53105.41. There were 21 stocks advancing against 9 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index gained 0.62%, while Small cap index was up by 0.51%. (Provisional)

The top gaining sectoral indices on the BSE were Metal up by 2.31%, Realty up by 1.91%, Basic Materials up by 1.48%, Capital Goods up by 0.92%and Industrials was up by 0.65%, while Consumer Durables down by 0.86%, Energy down by 0.50%, Oil & Gas down by 0.32%, Auto down by 0.31% and Utilities down by 0.23% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Tata Steel up by 4.91%, Bajaj Finserv up by 2.03%, HDFC up by 1.48%, Nestle up by 1.26% and Asian Paints up by 1.24%. On the flip side, Titan Co down by 2.12%, Maruti Suzuki down by 0.96%, Reliance Industries down by 0.61%, Bajaj Finance down by 0.15% and Tech Mahindra down by 0.15% were the top losers. (Provisional)

Meanwhile, the Goods and Services Tax (GST) collection slipped below Rs 1 lakh crore in June for the first time in eight months as the second wave of the Covid pandemic and the resultant lockdowns hit businesses and the economy. At Rs 92,849 crore, GST collection is the lowest in 10 months since August 2020, when it was Rs 86,449 crore.

The GST collections in June 2021 are primarily for supplies made in May -- a month when most states were under different levels of lockdown, reducing business activity. The gross GST revenue collected in the month of June 2021 is Rs 92,849 crore, of which Central GST is Rs 16,424 crore, State GST is Rs 20,397, Integrated GST is Rs 49,079 crore (including Rs 25,762 crore collected on import of goods) and Cess is Rs 6,949 crore (including Rs 809 crore collected on import of goods). The mop-up in June 2021 is 2 per cent higher than Rs 90,917 crore collected in June 2020.

GST collection had remained above the Rs 1 lakh crore mark for eight months in a row and was Rs 1.02 lakh crore in May. However, the collection in June 2021 dropped below Rs 1 lakh crore. The GST collection for June 2021 is related to the business transactions made during May 2021. During May 2021, most of the states/UTs were under either complete or partial lockdown due to COVID.

The CNX Nifty ended at 15879.65, up by 61.40 points or 0.39% after trading in a range of 15779.70 and 15893.55. There were 32 stocks advancing against 18 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tata Steel up by 4.40%, JSW Steel up by 2.56%, Bajaj Finserv up by 2.34%, Hindalco up by 2.15% and UPL up by 1.69%. On the flip side, Titan Company down by 2.02%, ONGC down by 1.32%, Maruti Suzuki down by 0.87%, SBI Life Insurance down by 0.86% and Shree Cement down by 0.80% were the top losers. (Provisional)

European markets were trading higher, UK’s FTSE 100 increased 49.75 points or 0.70% to 7,150.63, France’s CAC increased 15.44 points or 0.24% to 6,522.92 and Germany’s DAX was up by 129.36 points or 0.83% to 15,640.74.

Asian markets ended mostly lower on Wednesday as investors awaited the release of the minutes from the Federal Reserve's June meeting for more clues on the US central bank's monetary policy outlook. Japanese shares ended down with worries over a resurgence of Covid-19 infections ahead of the Tokyo Olympics, while yen's firmness against the US dollar also weighed on markets. South Korean shares ended lower as the country reported its second-highest number of daily new Covid-19 cases ever. South Korean Prime Minister Kim Boo-kyum said the government would consider tougher social distancing rules if transmissions continued to grow over the next couple of days. However, Chinese shares ended higher after Beijing stepped up supervision of Chinese firms listed overseas.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,553.72	23.46	0.66
Hang Seng	27,960.62	-112.24	-0.40
Jakarta Composite	6,044.04	-3.07	-0.05
KLSE Composite	1,530.15	-1.48	-0.10
Nikkei 225	28,366.95	-276.26	-0.96
Straits Times	3,141.60	-48.99	-1.54
KOSPI Composite	3,285.34	-19.87	-0.60
Taiwan Weighted	17,850.69	-62.38	-0.35

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?