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My Stocks

Nifty ends marginally higher by 17 pts

The NSE benchmark Nifty made late recovery to end marginally higher by 16.80 points on buying in FMCG, pharma and PSU bank counters.
The opening day of July series derivatives contracts witnessed caution on the eve of launching of historic goods and services tax (GST) regime, while not so supportive Asian market also kept the investors at bay.
Asian markets took cues from dismal performance of US markets though Chinese surveys showed activity in the country's manufacturing and services sector accelerated in June from the previous month.

Market in wait and watch, Sensex slips 154 pts ahead of GST

The Sensex fell over 154 points and the Nifty went below 9,500 in the beginning today as the July derivative series took off on a negative note amid anxiety ahead of GST rollout.
Capital outflow by foreign funds and weak global shares only added to concerns.
Investors kept their fingers crossed ahead of the landmark tax reform Goods and Services Tax (GST), which is set for a mid-night launch today.
The 30-share Sensex tumbled 154.23 points, or 0.50 per cent, to 30,703.29. It had gained 23.20 points in the previous session though.

MF industry’s Jan Dhan moment is here: Ambani

Reliance Group chairman Anil Ambani expects the Securities and Exchange Board of India (Sebi) to further simplify the on-boarding process for new mutual fund investors and permit bank account holders to invest in mutual funds.
Citing the instance of 29 crore new Jan Dhan accounts opened with banks in two-and-a-half years at the rate of one crore accounts per month, Ambani said, "I believe India’s mutual fund industry is today poised for its Jan Dhan moment."

Sebi cautions MFs on debt fund play

Market watchdog Sebi has asked mutual funds (MFs) to improve their due diligence before investing in corporate bonds, while cautioning them not to rely only on credit ratings given the rising concerns about potential defaults.
The warning comes as several companies, including Amtek Auto, Jindal Steel and Power and Ballarpur Industries, have defaulted on their debt coupon payments over the past few years.

Sensex's gains dry up on late sell-off, F&O expiry weighs

The Sensex today ended with a marginal rise after much of its early gains were washed out, hit by a late sell-off on expiry of June series derivatives contracts.
The benchmark quickly reclaimed the 31,000-mark as investors cheered the Cabinet's decision to give in-principle nod to Air India disinvestment and the Sebi's proposal to relax entry norms for foreign portfolio investors.
But liquidation of bets following expiry of June series futures and options contracts saw the index settle up by only 23.20 points, or 0.08 per cent, at 30,857.52.

Sensex goes up 160 pts on reforms, F&O expiry

The Sensex headed up today surging 160 points as investors welcomed the Cabinet's decision to give 'in-principle' nod to disinvestment of Air India, a sign the government is not shying away from bold reforms.
A firm trend in Asia brought risk appetite back. Speculators went about covering their short positions in anticipation of more reforms, today being the expiry of June futures and options derivative contracts.
The 30-share index, which had lost 456.42 points in the previous three sessions, rose 159.85 points, or 0.51 per cent, to 30,994.17.

Assess demand first to make CIL’s $1 billion investment plan work

A careful assessment of coal demand for the power sector is needed so that the over $1 billion annual investment plan by CIL for raising its production capacity to one billion tonne is not stranded, the government think tank Niti Aayog has said.
The think-tank also suggested spinning off Coal India’s seven arms into independent firms and imbibe competition, saying the coal behemoth was supplying coal to consumers at higher prices.

Mutual funds sitting on cash as market looks overheated

Cash levels are rising in equity mutual funds as a perception is gaining ground that the stock market could be over-heated.
However, no consolidated dataa is available on how much cash the mutual funds are sitting on right now, though a steady gush of money is moving into equity mutual funds, going by the monthly data of Amfi, the nodal association of mutual funds.

Nifty cracks below 9,500, down 20 points

Benchmark Nifty slipped for the sixth consecutive session to crack below the 9,500-mark today amid selling in energy, FMCG and PSU Bank counters ahead of June derivatives expiry tomorrow.
Sentiment was subdued on weak global cues, though the downside was capped on account of short-covering.
Asian stocks edged lower after a softer lead from Wall Street, with the vote on a bill to replace Obamacare in the US delayed.
European stocks were trading lower in their afternoon trade.

Sensex moves down ahead of F&O expiry

Markets swung into weakness as the Sensex today fell over 76 points and the NSE Nifty slipped below the 9,500 mark as investors brought down their bets ahead of the derivatives expiry.
Negative leads from global markets weighed. Cutting down of positions by participants in view of tomorrow's June derivatives contract expiry added to the downward move.
The BSE 30-share barometer fell 76.62 points, or 0.24 per cent, to 30,881.63. The gauge had lost 332.49 points in the previous two sessions.