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28Th April 2018
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Saturday, 28 April 2018
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Friday, 27 April 2018
Market has entered a round of rally – Weekly closing report-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27
April 2018
I had mentioned in last week’s closing report that Nifty, Sensex might
head higher. The major indices of the Indian stock markets rallied during the
week and closed with weekly gains on Friday over last Friday’s close. The
trends of the major indices in the course of the week’s trading are given in
the table below: The Total Investment
& Insurance Solutions
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Weekly Indices (The Total
Investment & Insurance Solutions)
The
major indices of the Indian stock markets were range-bound on Monday and closed
with small gains over Friday’s close. On the NSE, there were 793 advances, 728
declines and 58 unchanged.
Both
the BSE and NSE opened on a flat note tracking negative Asian cues on Monday.
The key Indian equity indices traded higher on the back of buying in IT
(information technology), consumer durables and healthcare stocks as the day
progressed. But the gains were not sustained, as there was no momentum among
the bulls. At the end of the day’s trading the major indices closed with minor
gains over Friday’s close. The Total
Investment & Insurance Solutions
In
a major market development, IT bellwether Tata Consultancy Services (TCS) on
Monday emerged as the first Indian listed company to cross the $100-billion
mark in terms of market capitalisation (m-cap).
Mahindra
Electric and cab service Meru on Sunday announced a joint electric vehicle (EV)
pilot project in Hyderabad, to be replicated in other cities soon. Their joint
statement here on Earth Day said that under the pilot project, Meru will deploy
Mahindra's eVeritos’ all-electric sedans.
The
major indices of the Indian stock markets saw an uptrend on Tuesday and closed
with small gains over Monday’s close. On the NSE, there were 125 advances, 100
declines and 1,822 unchanged.
Buying
in oil and gas, banking and auto stocks, coupled with broadly positive global
cues, lifted the key Indian equity indices on Tuesday. Index heavyweights like
Reliance Industries (RIL), Yes Bank, Adani Ports, Mahindra and Mahindra, and
Larsen and Toubro were the top gainers on the BSE. Selling pressure in metals,
IT (information technology) and consumer durables stocks trimmed some gains of
the benchmark indices, market observers said.
The
State Bank of Pakistan on Monday voiced its concerns over the surmounting value
of US dollar against Pakistani rupee in the open market. Currency markets in
the Indian sub-continent could see some turbulence in this context.
LIC
Housing Finance Company Ltd said it closed last fiscal with a net profit of
Rs1,989.58 crore. In a regulatory filing in BSE, the company said it had posted
a net profit of Rs1,989.58 crore last fiscal up from Rs1,931.05 crore posted
during the year ended March 31, 2017, while its total income for last fiscal
stood at Rs15,072.90 crore up from Rs14,080.34 crore for the year ended March
31, 2017. The Board of Directors of the company have recommended a dividend of
Rs6.80 per equity share of Rs2 each for fiscal 2017-18. The dividend on equity
shares will be paid on or after August 20, 2018, the company said.
The
major indices of the Indian stock markets suffered a minor correction on
Wednesday and closed with small losses over Tuesday’s close. On the NSE, there
were 546 advances, 1,194 declines and 309 unchanged.
The
key Indian equity indices traded on a flat-to-negative note on Wednesday
afternoon tracking weakness in the global markets coupled with selling pressure
on oil and gas, banking and capital goods stocks.
Two-wheeler
manufacturer Hero MotoCorp made an upward revision in the ex-showroom prices of
its motorcycles and scooters with immediate effect. "The upward revision
in the prices has been done to partially offset the consistently rising input
costs, including the prices of commodities," the company said in a
statement. "The increase in the prices of the two-wheelers is up to
Rs625. The exact quantum of the increase will vary, basis the model and the
specific market." The Total
Investment & Insurance Solutions
IDFC
Bank reported a decline of 76% in its standalone net profit for the fourth
quarter of 2017-18. According to a BSE filing, the bank's net profit during the
quarter under review declined to Rs41.93 crore from Rs175.95 crore reported for
the corresponding period of the previous fiscal. On a financial year basis, it
reported that its standalone net profit decreased to Rs859.30 crore for the
year ended March 31, 2018 from Rs1,019.73 crore for the previous year.
The
major indices of the Indian stock markets rallied on Thursday and closed with
gains over Wednesday’s close. On the NSE, there were 783 advances, 927 declines
and 337 unchanged. The Total Investment & Insurance
Solutions
Key
Indian equity indices on Thursday traded with moderate gains with buying
observed in IT (information technology), FMCG (fast moving consumer goods) and
consumer durables stocks. Index heavyweights like Tata Consultancy Services,
IndusInd Bank, Tata Motors, Reliance Industries and ITC were the top gainers on
the BSE. According to market observers, mixed trend in the global markets,
along with caution on the day of derivatives expiry and selling pressure in oil
and gas, capital goods and telecom stocks, trimmed the gains of the indices. The Total Investment & Insurance Solutions
Global
software major Wipro Ltd reported Rs1,801 crore consolidated net profit for
fourth quarter of fiscal 2017-18, registering 21% annual decline from Rs2,267
crore in the same period last year. In a regulatory filing on the BSE, the
city-based IT firm said consolidated revenue for the quarter under review (Q4)
also declined, albeit marginally by 1.6%, to Rs13,769 crore from Rs13,988 crore
in the same period the year ago. Under the International Financial Reporting
Standards (IFRS), net income is $277 million and gross revenue $2,115 million
for the quarter. IT (information technology) services contributed $2,062
million, posting 2.4 per cent sequential and 5.5 per cent annual growth in
dollar terms and Rs13,410 crore in rupee terms, up 1.3% sequentially from
quarter ago.
On
Friday, the major indices of the Indian stock markets rallied and closed with
significant gains over Thursday’s close. On the NSE, there were 919 advances,
800 declines and 328 unchanged. The key Indian equity indices on Friday traded
in positive territory due to firm global cues and robust buying in banking and
capital goods stocks. The Total Investment
& Insurance Solutions
Reliance
Capital reported a rise of 21% in its consolidated net profit for 2017-18 which
rose to Rs1,309 crore ($201 million). According to the company, its total
income during the fiscal under review grew by 13% to Rs19,898 crore ($3.1
billion) from Rs17,640 crore in the corresponding previous year. The company
further reported that its net worth as on March 31, 2018 stood Rs16,605 crore
($2.6 billion). "As on March 31, 2018, the total assets of the company
stood at Rs93,851 crore ($14.4 billion) - an increase of 14%," Reliance
Capital said in a statement. The Total
Investment & Insurance Solutions
Lending
major Axis Bank reported its first net loss since 1998 due to a rise in NPA
(non-performing assets) provisioning. According to the lender, its net loss
stood at Rs2,189 crore during the fourth quarter (Q4) of 2017-18 from a net
profit of Rs1,225 crore reported for the corresponding period of last fiscal.
"One area where we have been disappointed with our performance has been
credit risk. We made some significant bets on the infrastructure sector, which
have turned out poorly in this credit cycle," Axis Bank's Managing
Director and CEO Shikha Sharma said. "Consequently, our NPA ratios have
risen materially over the last two years. We have been course correcting since
as early as 2013, balancing our portfolio mix, strengthening risk management
frameworks, focusing on higher rated corporates, and re-orienting the corporate
lending business towards working capital loans." As on March 31, 2018, the
bank's gross NPA and net NPA levels rose to 6.77% and 3.40% from 5.28% and
2.56% as on December 31, 2017 respectively. On a financial year basis, the bank
reported that its net profit for the year ended on March 31, 2018 declined by
93% to Rs276 crore from Rs3,679 crore for the previous year. The Total Investment & Insurance Solutions
Lending
major Yes Bank reported a 29% increase in net profit for the fourth quarter
(Q4) of 2017-18. According to the lender, its net profit during the quarter
under review rose to Rs1,179.4 crore from Rs914.1 crore reported for the
corresponding period of last fiscal. The bank said that its net interest income
(NII) for the said quarter grew by 31.4% to Rs2,154.2 crore from Rs1,639.7
crore earned during the corresponding quarter of the previous year. On a
financial year basis, the bank reported a growth of 26.9% in its net profit for
the year ended on March 31, 2018, to Rs4,224.6 crore from Rs3,330.1 crore for
the previous year. The 2017-18 NII rose by 33.5% to Rs7,737.1 crore from
Rs5,797.3 crore for the previous year. "FY18 has been a landmark year in
Yes Bank's ‘Large Bank Growth Phase' with the bank crossing significant
milestones in size, outreach and granularity while continuing to deliver on
satisfactory earnings," Yes Bank's Managing Director & CEO Rana Kapoor
was quoted as saying in a statement.
IT
(Information Technology) bellwether Tata Consultancy Services (TCS) said it has
added a third office in Texas as part of its agreement with US insurance
company Transamerica, which will add more than 200 new employees. The IT sector
is looking up for Indian exporters and American multinationals and the stock
markets are bullish in this regard. The
Total Investment & Insurance Solutions
'By 2025, digital transactions in India could be worth $1 trillion annually'-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27
April 2018
 |
Digital (The Total
Investment & Insurance Solutions)
According
to a white paper by ACI Worldwide along with AGS Transact Technologies (AGSTTL),
digital transactions in India could be worth USD 1 trillion annually by 2025,
with four out of every five transactions being made digitally.
The user base for digital transactions in
India is currently close to 90 million, but could triple to 300 million by 2020
as new users from rural and semi-urban areas enter the market, the report said.
"Flexible, scalable and reliable
technology will be critical to the future of payments in India as the market
continues to experience incredible growth," said Manish Patel, Vice
President, ACI Worldwide.
Meanwhile, with the rise in digital payments,
cyber security costs for companies in India is also rising. The Total Investment & Insurance
Solutions
Mahesh Patel, Group Chief Technology Officer,
AGS Transact Technologies said, "we understand that rapid rise in internet
users nationwide is spurring an increase in digital transactions. However, the
Indian market unlike many western nations is still to mature and remains
threatened due to lower awareness levels".
As per the report, Cyber attacks cost
India an estimated USD 4 billion annually, and could rise to USD 20 billion by
2025, with the digitisation of payments presenting new challenges for
cybersecurity.
"It is necessary that the rise in
digital transactions remain holistic thereby supporting growth with scalable
processing platform. Also, it should be accompanied by allied precautionary
measures such as cyber security and fraud prevention," Patel said. The Total Investment & Insurance
Solutions
Mass adoption of e-payments and a thriving
fintech scene, combined with regulatory policy, are set to propel India into a
leading position in the global payments landscape, it said adding unified
payments interface (UPI) transactions are a key driver of greater financial
inclusion.
The white paper titled "Transactions
2025" noted that India's smartphone user base is likely to double to 500
million by 2020 as affordable devices and data will spur safe, fraud-resistant
digital transactions based on biometrics and multi-factor authorisation. The Total Investment & Insurance
Solutions
ACI Worldwide is a global provider of
real-time electronic payment and banking solutions, while AGS Transact
Technologies (AGSTTL), is an end-to-end payment solutions company. The Total Investment & Insurance
Solutions
Total revenue collection under GST for 8 months was Rs7.19 lakh crore-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27
April 2018
 |
GST
(The Total Investment & Insurance Solutions)
Total
revenue collected under Goods and Services Tax (GST) for eight months upto
March this year has been Rs 7.19 lakh crore with an average monthly collection of
Rs 89,885 crore during the period.
"Including
the collection of July 2017, the total GST collection during the financial year
2017-18 stands provisionally at Rs. 7.41 lakh crore," an official
statement said here on Friday. The Total
Investment & Insurance Solutions
This
indirect tax regime was rolled out on July 1, 2017.
Of
the total revenue collection, Central GST was Rs 1.19 lakh crore, State GST was
Rs 1.72 lakh crore, Integrated GST was Rs. 3.66 lakh crore (including Rs. 1.73
lakh crore on imports) and cess was Rs. 62,021 crore (including Rs. 5702 crore
on imports). The Total Investment & Insurance
Solutions
While
the tax on domestic supplies in a month is collected through the process of
returns and gets collected in the next month, IGST and cess on imports gets
collected in the same month. Therefore, during the current year, GST on
domestic supplies has been collected only in eight months from August 2017 to
March 2018, IGST and cess on imports has been collected for nine months, from
July 2017 to March 2018, the statement explained.
The
SGST collection during the year, including the settlement of IGST has been Rs
2.91 lakh crore and the total compensation released to the states for a period
of eight months during the last financial year was Rs 41,147 crore to ensure
that the revenue of the states is protected at the level of 14 per cent over
the base year tax collection in 2015-16.
The
finance ministry statement said the revenue gap of each state is coming down
over last eight months. The average revenue gap of all states for last year is
around 17 per cent. The Total Investment
& Insurance Solutions
It
said there has been a progressive improvement in the compliance level observed
during the course of the year.
The
compliance level as on the due date has steadily increased and, by the end of
the financial year, has reached to an average of 65 per cent from around 55-57
per cent observed during initial months. The cumulative compliance levels
(percentage of returns filed till date) for initial months has crossed 90 per
cent and for July, 2018, has reached 96 per cent.
The
statement said state-wise variations in the compliance level were observed till
due date. However, including delayed filings, the State-wise compliance levels
converge over a period of time.The Total
Investment & Insurance Solutions
Global firms with combined market cap of $8.9 trillion come to India-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27 April 2018
 |
| Money
(The Total Investment & Insurance Solutions) |
International
Business Congress ("IBC"), an international non-governmental and
non-profit organisation with 122 members from 28 countries worldwide, held its
annual general meeting for the first time in India at the invitation of Mr.
Hemant Kanoria, Chairman and Managing Director, Srei and Trustee, Kanoria
Foundation.
More than 100 global corporations with a
combined market capitalisation of USD 8.9 trillion and annual revenue of USD
2.3 trillion participated in IBC's twenty first annual general meeting in New
Delhi reflecting India's meteoric rise as an economic powerhouse. The event
served as a platform for economic co-operation, bringing forward proposals for
debottlenecking and building favourable environment for safe and efficient
entrepreneurial activities. The event is also expected to enhance opportunities
for investments and trade cooperation between Indian and global corporations.
"The government is on a mission mode to
usher in structural reforms aimed at improving the business climate in India.
Many outdated laws have been repealed. FDI (foreign direct investment) regime
has been liberalised and new laws such as Insolvency and Bankruptcy Code have
allayed investors' apprehensions on lack of exit route from their investments
in India. Technology is also being embraced in a big way to make government
processes more transparent and hassle-free. Now, India is definitely one of the
most attractive investment destinations for global corporations," Mr.
Kanoria said.
The list of attendees of IBC's twenty first
annual general meeting included Russian natural gas major Gazprom, German
energy giant Uniper Global Commodities SE, Schneider Electric, Cisco Solutions
LLC, Shell Exploration and Production Services B.V., Siemens A.G., Sumitomo
Mitsui Banking Corporation Limited, J.P. Morgan Securities PLC, KPMG JSC,
Hewlett Packard Inc., Goldman Sachs Russia Limited, Deutsche Bank A.G., UBS
Bank Limited (Russia) and several other large global corporations.The Total Investment & Insurance
Solutions
Landmark Koreas Meeting Shores Up Stock Market Sentiment-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27 April 2018
 |
| Japan financial markets (The Total Investment & Insurance
Solutions) |
Global stock markets tracked Wall Street higher on Friday on
strong U.S. earnings and as hopes swelled over the landmark summit of the
leaders from North and South Korea. The
Total Investment & Insurance Solutions
KEEPING SCORE: In Europe, Germany's DAX rose
0.8 percent to 12,601 and France's CAC 40 added 0.3 percent to 5,469. London's
FTSE 100 jumped 0.9 percent to 7,485, though that rise had more to do with the
sharp fall in the pound following worse than expected U.K. economic growth
figures. Wall Street was headed for modest falls at the open with Dow futures
and the broader S&P 500 futures down 0.2 percent — on Thursday, both
indexes rose 1 percent amid strong earnings from the likes of Facebook, Amazon,
Starbucks and United Parcel Services. The
Total Investment & Insurance Solutions
KOREA SUMMIT: Geopolitical hopes are helping
global stock markets too after Kim Jong Un became the first North Korean leader
to visit South Korea since the end of the Korean War in 1953 for talks with the
South's president, Moon Jae-in, about the North's nuclear program. The meeting
comes amid mounting pressure on Kim's government to give up nuclear and missile
development. Kim and Moon greeted each other warmly and then held a private
meeting. The two sides repeated a previous vow to rid the Korean Peninsula of
nuclear weapons but failed to provide any specific new measures or forge a
potential breakthrough on an issue that has captivated and terrified many since
the rivals seemed on the verge of war last year. The Total Investment & Insurance Solutions
ANALYST TAKE: "Today's landmark summit
between the two Koreas should help to remove a major tail risk for the region's
markets and economies," said Gareth Leather, senior Asia economist at
Capital Economics.
ASIA'S DAY: That viewpoint was evident in the
performance of Asian shares. The Shanghai Composite Index rose 0.2 percent to
3,082.23 and Tokyo's Nikkei 225 added 0.7 percent to 22,467.87. Hong Kong's
Hang Seng advanced 0.9 percent to 30,280.67 and Seoul's Kospi was 0.7 percent
higher at 2,492.40. Sydney's S&P-ASX 200 gained 0.7 percent to 5,939.60 and
India's Sensex climbed 0.8 percent to 35,003.46. The Total Investment & Insurance Solutions
UK SLOWDOWN: In Britain, shares got a lift
after soft growth data reined in expectations that the Bank of England will
raise interest rates again next month. The 0.1 percent outturn for the first
quarter was less than anticipated and renewed fears about the impact on the
economy of Britain's impending exit from the European Union. The pound fell
sharply on the news as traders priced in a lower likelihood of a rate hike next
month. In early afternoon trading it was trading 0.9 percent lower at $1.3790.
The lower pound helped boost sentiment towards exporters as well as increase
the dollar-denominated earnings of the index's international companies. The Total Investment & Insurance
Solutions
JAPAN ECONOMY: Japan's central bank left its
ultra-easy monetary policy and inflation forecast unchanged. The Bank of
Japan's short-term policy interest rate is negative 0.1 percent and it aims to
keep the yield on 10-year government bonds at zero percent. The meeting was the
first since BOJ Gov. Haruhiko Kuroda began a new five-year term this month. The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude fell 26 cents to
$67.93 per barrel in electronic trading on the New York Mercantile Exchange
while Brent crude, used to price international oils, shed 27 cents to $73.61
per barrel in London. It jumped 65 cents the previous session to $73.88.
CURRENCY: The euro fell 0.3 percent to
$1.2068 while the dollar was flat a109 yen.The Total Investment & Insurance Solutions
Thursday, 26 April 2018
Nifty, Sensex on an uptrend again – Thursday closing report-The Total Investment & Insurance Solutions
Contact Your Financial Adviser Money Making MC
27
April 2018
I had
mentioned in Wednesday’s closing report that Nifty, Sensex were dipping on
global cues. The major indices of the Indian stock markets rallied on Thursday
and closed with gains over Wednesday’s close. On the NSE, there were 783
advances, 927 declines and 337 unchanged. The trends of the major indices in
the course of Thursday’s trading are given in the table below: The Total Investment & Insurance
Solutions
 |
Major Indices (The Total Investment
& Insurance Solutions)
Key
Indian equity indices on Thursday traded with moderate gains with buying
observed in IT (information technology), FMCG (fast moving consumer goods) and
consumer durables stocks. Index heavyweights like Tata Consultancy Services,
IndusInd Bank, Tata Motors, Reliance Industries and ITC were the top gainers on
the BSE. According to market observers, mixed trend in the global markets,
along with caution on the day of derivatives expiry and selling pressure in oil
and gas, capital goods and telecom stocks, trimmed the gains of the indices. The Total Investment & Insurance Solutions
China's
trade with India saw robust growth in the first quarter, with bilateral trade
hitting $22.1 billion, up 15.4% year-on-year, official data showed on Thursday.
This is good news for those in the stock markets who are watching the growth in
Sino-Indian relations and the Chinese leaders’ meeting with PM Modi next week.
In the case of US and China, on the contrary, there is practically, a trade
war.
Global
software major Wipro Ltd reported Rs1,801 crore consolidated net profit for
fourth quarter of fiscal 2017-18, registering 21% annual decline from Rs2,267
crore in the same period last year. In a regulatory filing on the BSE, the
city-based IT firm said consolidated revenue for the quarter under review (Q4)
also declined, albeit marginally by 1.6%, to Rs13,769 crore from Rs13,988 crore
in the same period the year ago. Under the International Financial Reporting
Standards (IFRS), net income is $277 million and gross revenue $2,115 million
for the quarter. IT (information technology) services contributed $2,062
million, posting 2.4 per cent sequential and 5.5 per cent annual growth in
dollar terms and Rs13,410 crore in rupee terms, up 1.3% sequentially from
quarter ago. Wipro shares closed at Rs280.30, down 2.39% on the NSE. Nifty IT
index closed at 14,026.65, up 0.97% on the NSE.
Aditya
Birla Group company UltraTech Cement reported a decline in its consolidated net
profit for the fourth quarter of 2017-18. According to the company, its Q4 net
profit declined to Rs724 crore from Rs726 crore reported for the corresponding
period of the previous financial year. Further, the company reported that its
consolidated net sales during the quarter under review increased to Rs9,298
crore from Rs6,922 crore in the corresponding quarter of 2016-17. "During
Q4 FY18, the company recorded a robust growth of 31% in volumes with a 5% increase
in realisations," the cement manufacturer said in a statement. "The
quarter continued to witness increase in input costs attributable to rise in
pet coke and coal prices and the ban on pet coke usage in TPPs." On a
financial year basis, the company reported that its consolidated net profit
dipped to Rs2,534 crore for the year ended March 31, 2018 from Rs2,714 crore
reported for the previous financial year. "The Board of Directors at their
meeting recommended a dividend of 105%, at the rate of Rs10.50 per equity share
of face value of Rs10 each aggregating Rs288.34 crore," the statement
said. "The company will absorb the Dividend Distribution Tax amounting to
Rs59.27 crore, resulting in a total payout of Rs347.61 crore." The
company’s shares closed at Rs4,079.45, down 1.39% on the NSE. The Total Investment & Insurance Solutions
The
rupee recovered from its 14-month low to trade higher by 11 paise at 66.79
against the US dollar in opening session today on fresh selling of the dollar
by exporters and banks amidst higher opening in domestic equity market. Forex
dealers said besides selling of the American currency by exporters and banks,
weakness in the dollar against other currencies overseas supported the rupee.
The domestic currency had tumbled 52 paise to hit a 14-month low of 66.90
against the US dollar, the third biggest single-day fall for the domestic
currency this year, amid surging crude prices coupled with headwinds on the
macro-economic front in form of widening trade deficit. Foreign institutional
investors are always watching the currency markets to pick and choose among
emerging markets to invest in. The Total
Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
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Top Gainer (The Total
Investment & Insurance Solutions)
The closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions
 |
Asian Indices (The Total
Investment & Insurance Solutions)
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