Choice is your’s!Old Investing Method,Or New!-The Total Investment & Insurance Solutions

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13 April  2018

Mutual Fund (The Total Investment & Insurance Solutions)

Nifty, Sensex on an Uptrend – Weekly closing report-The Total Investment & Insurance Solutions

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11 May 2018

I had mentioned in last week’s closing report that Nifty, Sensex were showing signs of fatigue. The major indices of the Indian stock markets rallied over the week and closed on Friday with weekly gains of over 1.75% 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

The major indices of the Indian stock markets rallied on Monday and closed with gains over Friday’s close. On the NSE, there were 951 advances, 790 declines and 318 unchanged. The Total Investment & Insurance Solutions

Broadly positive Asian indices coupled with expectations of healthy quarterly earnings results pushed the key Indian equity indices to trade higher during on Monday. However, gains were capped due to caution over the upcoming assembly polls in Karnataka in the early part of the day. As the day progressed the rally was clear and the gains were significant. According to market observers, buying was witnessed in consumer durables, metals, automobile and banking stocks. Other economic data, investors were looking forward to included fiscal deficit data, industrial production data and consumer price index (CPI) data which were to be released during this week. The IP data released after market show a slump in manufacturing. The Total Investment & Insurance Solutions

Fortis Healthcare said that its shareholders have approved a resolution to acquire the "assets of RHT Health Trust". According to a BSE filing, the company said that 98.328% voted for the resolution. Earlier, the company had entered into an agreements with RHT to acquire its assets for Rs4,650 crore.

Over 10 lakh bankers in government and private banks were planning to go on a two-day strike by the end of May if the government did not ask the Indian Banks Association (IBA) to make an improved offer, said a leader of the All India Bank Employees Association (AIBEA). The Total Investment & Insurance Solutions 

The major indices of the Indian stock markets were range-bound on Tuesday and ended flat over Monday’s close. On the NSE, there were 735 advances, 981 declines and 329 unchanged. The indices traded marginally higher on Tuesday following broadly positive cues in the global markets. Selling pressure on the capital goods and consumer durables stocks restricted further gains, market analysts said. Finally, at the end of the day’s trading the marginal gains were not sustained and the major indices ended flat on Tuesday over Monday’s close.

Automobile major Maruti Suzuki on Tuesday said that it would carry out a "Service Campaign" for its new Swift and Baleno models to inspect for a possible fault in their "brake vacuum hose". According to the company, around 52,686 new Swift and Baleno vehicles manufactured between December 1, 2017 and March 16, 2018 would be covered in this campaign.  Starting 14th May 2018 owners of the vehicles included in this service campaign would be contacted by dealers for inspection and replacement of the faulty part, the company said in a notice on its website.  Service campaigns are undertaken globally by automobile companies to rectify faults that might potentially cause inconvenience to customers. The inspection and replacement would be done free of cost for the customer.

After reporting a 50% decline in its standalone net profit for the quarter ended March 31, 2018, private sector lending major ICICI Bank said that it planned to deploy a "preserve, change and grow" strategy to get back to the growth trajectory. The major indices of the Indian stock markets were range-bound on Wednesday and closed with small gains over Tuesday’s close. On the NSE, there were 701 advances, 1,006 declines and 335 unchanged.

The International Monetary Fund (IMF) reaffirmed on Wednesday that India would be the fastest growing major economy in 2018, with a growth rate of 7.4% that would rise to 7.8% in 2019 with medium-term prospects remaining positive. The IMF's Asia and Pacific Regional Economic Outlook report said that India was recovering from the effects of demonetisation and the introduction of the Goods and Services Tax and "the recovery is expected to be underpinned by a rebound from transitory shocks as well as robust private consumption." Medium-term consumer price index inflation was forecast to remain within but closer to the upper bound of the Reserve Bank of India's inflation-targeting band of 4% with a plus or minus 2% change, the report said. It said the consumer price increase in 2017 was 3.6% and projected it to be 5% in 2018 and 2019. The current account deficit in fiscal year 2017-18 was expected to widen somewhat but should remain modest, financed by robust foreign direct investment inflows, the report said. This is likely to reflect in the long term bullish trend of the Indian stock markets.

Jubilant FoodWorks (JFL) selling Domino’s Pizza reported a rise in its net profit for the fourth quarter of 2017-18. According to Jubilant FoodWorks, its profit after tax in the quarter under review increased to Rs68.06 crore from Rs6.71 crore reported for the like period of the previous fiscal. Besides, the company's net profit for 2017-18 rose by 206.91% to Rs206.4 crore from Rs67.25 crore over FY17. The company's Board recommended a dividend of Rs5 per equity share of Rs10 each fully paid up for the financial year ended March 31, 2018 on existing share capital of the company subject to the approval of the shareholders in annual general meeting. The Total Investment & Insurance Solutions

The major indices of the Indian stock markets were range-bound on Thursday and closed with small losses over Wednesday’s close. On the NSE, there were 437 advances, 1,293 declines and 318 unchanged.

Caution ahead of the Karnataka assembly elections along with subdued global factors including high crude oil prices and geo-political tensions in the Middle East dragged the Indian equity indices lower on Thursday. According to market observers, selling pressure was witnessed in consumer durables, capital goods and healthcare stocks. The Total Investment & Insurance Solutions

Public sector Indian Bank on Thursday said that it closed the last fiscal with a lower net profit of Rs1,258.99 crore, down from Rs1,405.67 crore logged for the year ended March 31, 2017. The net NPA as on March 31, 2018 stands at Rs5,959.57 crore as against Rs5,606.56 crore as on March 31, 2017. The bank’s Board of Directors have recommended a dividend of Rs6 per share (Face Value Rs10 per share) for the year ended March 31, 2018.

Two-wheeler maker Eicher Motors Ltd said it closed last fiscal with a net profit of Rs1,712.91 crore. In a regulatory filing in BSE, Eicher Motors said it had posted a net profit of Rs1,712.91 crore for the year ended on March 31, 2018 up from Rs1,560.02 crore logged during the previous fiscal. The Board of Directors has recommended a dividend of Rs110 per share of Rs10 each for the year 2017-18. During the year under review, the company earned a total income of Rs9,544.24 crore, up from Rs8,171.37 crore earned for the year ended on March 31, 2017.

On Friday, the major indices of the Indian stock markets rallied and closed with gains over Thursday’s close. On the NSE, there were 709 advances, 1,027 declines and 310 unchanged. The Total Investment & Insurance Solutions

The decision by the Fortis Healthcare board to recommend the offer of the Hero and Burman Family consortium for sale of its business was primarily guided by the certainty of liquidity flowing in to enable greater efficiency, Fortis Director Brian Tempest said here on Friday. The company’s shares closed at Rs149.50, down 2.22% on the NSE. The Total Investment & Insurance Solutions

Nestle India's net profit for the first quarter of 2018 went up by 38%. The company posted a profit of Rs424 crore for the January-March quarter of 2018 compared to Rs306.7 crore posted during the corresponding period in 2017. The company posted a total income of Rs2813.67 crore for the first quarter of 2018 compared to Rs2,633.5 crore clocked during the corresponding period in 2017. The company’s shares closed at Rs9,482.05, up 5.57% on the NSE.The Total Investment & Insurance Solutions

Major Indices (The Total Investment & Insurance Solutions)

IIP records 5-months low growth of 4.4% in March-The Total Investment & Insurance Solutions

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11 May 2018

Growthman (The Total Investment & Insurance Solutions)

Industrial output grew by 4.4 percent in March, the slowest in five months, due to a fall in capital goods production and deceleration in mining activity, according to the official data. The Total Investment & Insurance Solutions

Industrial growth measured by the Index of Industrial Production (IIP) in 2017-18 too decelerated to 4.3 percent from 4.6 percent in the previous fiscal.

The IIP grew by 4.4 percent in March 2017, the same as in March this year, the data released by the Central Statistics Office (CSO) shoThe previous low at 1.8 percent was recorded in October 2017.

Manufacturing sector, which constitutes over 77 percent of the index, grew at 4.4 percent in March as compared to 3.3 percent in the same month a year ago.

The output of mining sector decelerated to 2.8 percent during the month as compared to 10.1 percent in March 2017.

Similarly, power generation too slowed down to 5.9 percent as against 6.2 percent in March 2017. The Total Investment & Insurance Solutions

Capital goods output, however, declined by 1.8 percent during March as compared to a growth of 9.4 percent in the corresponding period last year.

Consumer durables output on the other hand showed an increase of 2.9 percent as against decline of 0.6 percent in March 2017.

The consumer non-durables segment showed an impressive growth of 10.9 percent in March as against 7.5 percent in corresponding month last year.

During 2017-18, the manufacturing sector recorded a growth of 4.5 percent, marginally up from 4.4 percent in 2016-17.

The mining sector as well as power generation reported deceleration to 2.3 percent and 4.6 percent from 5.3 percent and 5.4 percent respectively in 2016-17.The Total Investment & Insurance Solutions

Oil companies look to hike petrol, diesel prices immediately after Karnataka polls-The Total Investment & Insurance Solutions

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11 May 2018

Oil (The Total Investment & Insurance Solutions)

Oil companies are looking to hike petrol and diesel prices, after a long freeze, immediately after the Karnataka polls. ET Now on Friday reported quoting sources that petrol and diesel prices are likely to go up by Rs 1.5 a litre from May 13 — just the next day of Karnataka polls. OMCs are looking at a staggering hike of Rs 3 a litre but fear public outrage if price hike is too steep, the new channel reported. The Total Investment & Insurance Solutions

The oil companies have not hiked fuel prices since April 24. However, on Thursday, Indian Oil Corporation chief denied the link between price hike freeze and Karnataka polls. IOC Sanjiv Singh said the decision of oil PSUs to not hike petrol and diesel prices was aimed at stabilising them and it “incidentally” coincided with Karnataka elections. The Total Investment & Insurance Solutions

The fuel prices were frozen even as the crude oil prices kept rallying, triggered by US President Donald Trump’s decision to walk out on Iran nuclear deal. The petrol and diesel prices were kept frozen at Rs 74.63 and Rs 65.93 respectively in Delhi. The Total Investment & Insurance Solutions

Even as Sanjiv Singh said that the surge in international oil products market was not supported by fundamentals and passing them on to consumers would have created unnecessary panic, some experts disagreed. PTI quoting an oil sector analyst reported that if the dynamic daily price revision practice was followed in letter and spirit, petrol and diesel prices should have been increased by 50-60 paisa a litre in last one week. The Total Investment & Insurance Solutions

The government had in June 2010 freed petrol price from its control and the diesel rates were deregulated in October 2014. Prices have since then moved more or less in tandem with international rates barring a few exceptions like the period before a crucial election. The Total Investment & Insurance Solutions

The prices at petrol pumps of state-owned fuel retailers like Indian Oil Corp (IOC) were cut by 1-3 paisa every day in the first fortnight of December 2017 before Gujarat went to polls. They started moving up immediately after polling for assembly elections in Gujarat concluded on December 14, leading to speculation that government may have asked oil companies to hold on to the prices, the news agency reported last week.The Total Investment & Insurance Solutions

$21.4 billion investment by UK companies in India in 10 Years: Envoy-The Total Investment & Insurance Solutions

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11 May 2018

Investment (The Total Investment & Insurance Solutions)

British companies including BP and Vodafone invested $21.4 billion in India over the past decade, beating French and German companies put together. The investments include multi-billion dollar deals inked by oil and gas company BP with Reliance Industries and telecom operator Vodafone’s investments in India, the UK’s high commissioner to India, Dominic Asquith, told ET. He also cited examples of companies such as Rolls Royce and JCB that have invested in India for decades. The Total Investment & Insurance Solutions

“There is a need for governmentto-government engagement on agreeing frameworks for new areas of collaboration as there are commonalities between UK’s industrial strategy and the Modi government’s priority areas,” Asquith said. 

Modi travelled to the UK in April, his second visit to that country in three years, and met with British Prime Minister Theresa May. 

Asquith said the UK and India were working together in the areas of cybersecurity, financial technology and data management and security as the exchange of goods, services and people between the two countries intensified. “We grant more business visas to Indian nationals than we do to nationals from the rest of the world put together,” Asquith said. The UK  was introducing a new category of visas to facilitate the entry of ‘exceptional talent’ from India, he told ET. The Total Investment & Insurance Solutions

The high commissioner said multiple partnerships were in the works between the two countries in areas of high-end technology such as the use of artificial intelligencebased applications to facilitate the setting up of over 5,000 medical diagnostic centres across India and enabling over 100,000 clinics to be connected through technology. The Total Investment & Insurance Solutions

The high commissioner said multiple partnerships were in the works between the two countries in areas of high-end technology such as the use of artificial intelligencebased applications to facilitate the setting up of over 5,000 medical diagnostic centres across India and enabling over 100,000 clinics to be connected through technology. The Total Investment & Insurance Solutions

London’s prominence as a global financial hub had enabled Indian companies to raise money in that market, according to Asquith, who stated that 80% of of masala bonds issued by Indian companies took place in London. 

The high commissioner said his country was conscious about maintaining “levels of probity” for foreign fund flows into the UK. He stated that “due process” was being followed with respect to requests for extradition of Indian businessman such as Vijay Mallya who are currently residing in his country. 

“The UK and India can collaborate to form the guiding principles that will determine future governance and ethics of the digital world,” Asquith said. He said collaborations in financial technology were under way and regulators such as the UK’s Financial Conduct Authority and Reserve Bank of India were in constant contact with each other. Research partnerships were also evolving, according to the high commissioner, who referred to cooperation between University of Oxford and Indian Institute of Institute of Science for high-class prosthetics and a study by the UK and India for seismological research in J&K. 

“Tech hubs that we have agreed to form in Pune and Bengaluru will also become centres of such collaboration,” he said. The Total Investment & Insurance Solutions

European Stocks Take A Breather After Strong Rally-The Total Investment & Insurance Solutions

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11 May 2018

Japan financial markets (The Total Investment & Insurance Solutions)

European stock markets eased slightly Friday after a strong rally saw many indexes strike multi-week highs. Wall Street was poised for further solid gains at the open despite ongoing geopolitical unease related to President Donald Trump's decision to pull the United States out of the Iran nuclear deal.

KEEPING SCORE: In Europe, France's CAC 40 was down 0.3 percent at 5,520 while Germany's DAX also fell 0.3 percent to 12,986. The FTSE 100 index of leading British shares was 0.1 percent lower at 7,696. U.S. stocks are expected to open higher with Dow futures and the broader S&P 500 futures up 0.3 percent.

STOCKS IN VOGUE: Stocks around the world have been in demand this past week, partly because general risk appetite has improved in spite of Trump's move on Iran. That suggests that investors are fairly positive on the outlook for stocks, certainly a contrast to earlier in the year. Soft U.S. inflation data have helped, reining in expectations of aggressive interest rate hikes from the Federal Reserve. U.S. consumer prices rose a modest 0.2 percent in April, indicating that that broader inflation pressure in the world's No. 1 economy remains muted. High oil prices have also helped boost the share prices of oil companies.

ANALYST TAKE: "It is worth noting that global equity markets remain highly sensitive to geopolitics and speculation of higher interest rates," said Lukman Otunuga, research analyst at FXTM. "Risks in the form of escalating geopolitical tensions in the Middle East and other forms of uncertainties could still create headwinds for the markets at any time."

ASIAN SCORECARD: Japan's benchmark Nikkei 225 rose 1.2 percent to close at 22,758.48 and South Korea's Kospi added 0.6 percent to 2,477.71. Hong Kong's Hang Seng jumped 1.0 percent to 31,122.06 but the Shanghai Composite slipped 0.4 percent to 3,163.26. Australia's S&P/ASX 200 edged 0.1 percent lower to 6,116.20. Indexes in Taiwan's and Southeast Asia were higher.

ENERGY: Oil futures were trading near their highest level since 2014 as President Donald Trump's decision this week to re-impose sanctions Iran, the world's fifth-biggest oil producer, reverberated. Benchmark U.S. crude oil was steady at $71.36 a barrel on the New York Mercantile Exchange, while Brent crude, used to price international oils, lost 19 cents to $77.28.

CURRENCIES: The euro was up 0.2 percent at $1.1934 while the dollar fell 0.1 percent to 109.25 yen.The Total Investment & Insurance Solutions

Nifty, Sensex under Pressure – Thursday closing report-The Total Investment & Insurance Solutions

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10 May 2018

I had mentioned in Wednesday’s closing report that Nifty, Sensex were exhibiting strength. The major indices of the Indian stock markets were range-bound on Thursday and closed with small losses over Wednesday’s close. On the NSE, there were 437 advances, 1,293 declines and 318 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

Caution ahead of the Karnataka assembly elections along with subdued global factors including high crude oil prices and geo-political tensions in the Middle East dragged the Indian equity indices lower on Thursday. According to market observers, selling pressure was witnessed in consumer durables, capital goods and healthcare stocks. The Total Investment & Insurance Solutions

Public sector Indian Bank on Thursday said it closed last fiscal with a lower net profit of Rs1,258.99 crore, down from Rs1,405.67 crore logged for the year ended March 31, 2017. In a regulatory filing in BSE, it said it had a total income of Rs19,519.48 crore as against Rs18,251.11 crore earned during 2016-17. The total provisions including for non-performing assets (NPA) but excluding taxes for the last year stood at Rs3,924.56 crore up from Rs2,242.47 crore provided during 2016-17. Indian Bank's gross NPA as on March 31, 2018 stands at Rs11,990.14 crore as against Rs9,865.13 crore as on March 31, 2017. The net NPA as on March 31, 2018 stands at Rs5,959.57 crore as against Rs5,606.56 crore as on March 31, 2017. The bank’s Board of Directors have recommended a dividend of Rs6 per share (Face Value Rs10 per share) for the year ended March 31, 2018. Indian Bank’s shares closed at Rs314.00, down 8.17% on the BSE.

The Central government has "not approved" the merger scheme between Jet Airways and its subsidiary Jet Lite, the company said. "The Ministry of Civil Aviation has not approved the scheme of merger of Jet Lite (India) Ltd. with the company, the same stands revoked, cancelled...," the company said in a BSE filing. Accordingly, the company said that Jet Lite and Jet Airways shall continue with their respective operations as "two separate legal entities with their respective air operator certificates". "Jet Airways respects the decision of the Ministry of Civil Aviation (MoCA) on the proposed scheme of merger," a Jet Airways spokesperson said. Jet Airways India shares closed at Rs484.20, down 3.12% on the BSE. The Total Investment & Insurance Solutions

Jindal Power and Steel (JSPL) reported a consolidated net loss of Rs426 crore for the quarter ended March 31, 2018 due to expenses incurred on a one-time exceptional item. The company had reported a net loss of Rs98 crore during the corresponding period of the previous year.  According to the company, its turnover for the quarter ended March 31, 2018 increased by 27% to Rs8,599 crore from Rs6,756 crore for Q4 of the previous year. "JSPL produced 1.72 million tonnes on the consolidated level (up 32% from 1.30 million tonnes in 4QFY17) and sold 1.66 million tonnes (up 27% from 1.31 million tonnes in 4QFY17)," the company said in a statement. "JSPL reported consolidated revenues of Rs8,599 crore (up 27% YoY) while consolidated EBITDA increased to Rs2,136 crore from Rs1,552 crore (in 4QFY17), up 38% YoY." On the fiscal basis, the company reported a decline in its standalone net loss for the financial year ended March 31, 2018. The net loss decreased to Rs1,624 crore from Rs2,540 crore reported for the previous corresponding period. In addition, the company reported that its turnaround for the year ended March 31, 2018 increased by 23% to Rs27,841 crore from Rs22,696 crore for the year ended on March 31, 2017. "The overall EBITDA for FY18 stood at 23%  vs. 21% for FY17, supported by better operating profits across all its steel and power business globally," the statement said. "As of year ended 31st March 2018, JSPL consolidated net debt was at Rs42,000 crore levels." JSPL shares closed at Rs244.30, down 6.61% on the BSE.

Two-wheeler maker Eicher Motors Ltd said it closed last fiscal with a net profit of Rs1,712.91 crore. In a regulatory filing in BSE, Eicher Motors said it had posted a net profit of Rs1,712.91 crore for the year ended on March 31, 2018 up from Rs1,560.02 crore logged during the previous fiscal. The Board of Directors has recommended a dividend of Rs110 per share of Rs10 each for the year 2017-18. The profit would have been much higher had it not been for the impairment loss of Rs311.98 crore following the decision to wind up the joint venture company Eicher Polaris Pvt Ltd last fiscal. During the year under review, the company earned a total income of Rs9,544.24 crore, up from Rs8,171.37 crore earned for the year ended on March 31, 2017. According to the company, it would invest Rs800 crore during 2018-19 in all areas of its business -- setting up Phase-2 of the company's third plant at Vallam Vadagal near Chennai, completing construction of the Technology Centre in Chennai this year, investing towards the development of new products to meet upcoming regulations and to expand the product portfolio for global markets. The planned capacity for FY 2018-19 is 950,000 units. Last fiscal, Eicher Motors sold 820,121 units, up from 666,135 units sold during 2016-17. The company’s shares closed at Rs30,605.00, up 0.99% on the BSE. The Total Investment & Insurance Solutions

The top gainers and top losers of the major indices are given in the table below: The Total Investment & Insurance Solutions

The closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions

Major Indices (The Total Investment & Insurance Solutions)