Balanced Funds Can Give You Solac in Volatile Times-The Total Investment & Insurance Solutions

Contact Your Financial Adviser Money Making MC

http://moneymakingaimsee.blogspot.in

https://www.facebook.com/moneymakingmc

3^Rd November 2018

Balanced Funds (The Total Investment & Insurance Solutions)

Contact Your Financial Adviser Money Making MC

http://moneymakingaimsee.blogspot.in
https://www.facebook.com/moneymakingmc

02 November 2018

I had mentioned in last week’s closing report that Nifty, Sensex were deeply oversold but were showing no sign of bounce back. The major indices of the Indian stock markets rallied strongly during the week and closed with weekly gains of around 5% 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 major indices of the Indian stock markets rallied on Monday and closed with gains over Friday’s close. On the NSE, there were 1,339 advances, 404 declines and 325 unchanged. The Total Investment & Insurance Solutions

The key domestic indices -- the S&P BSE Sensex and NSE Nifty50 -- gained over 1.50% on Monday. All the 19 sectors on the BSE gained, with banking and finance counters leading. Gains were witnessed in export-oriented stocks like healthcare and IT (information technology) counters.

Sundram Fasteners reported Q2 FY19 standalone results of total revenue at Rs1,001.61 crore (Rs818.45 crore), up 22.4% year-on-year. Profit after tax was at Rs110.22 crore (Rs90.43 crore), up 21.9% year-on-year. Earnings per shares were at Rs5.25 (Rs4.30). Interim dividend of Rs2.00 per share was declared. 

Century Textiles reported Q2 FY19 standalone results which included Income from operations at Rs2,088.89 crore (Rs1,821.69 crore), up 14.7%  year-on-year. Net profit was at Rs156.52 crore (Rs52.78 crore), up 196.6% year-on-year. Earnings per share were at Rs14.01 (Rs4.72). 

The major indices of the Indian stock markets were up for most of the day on Tuesday but ended lower. On the NSE, there were 1,033 advances, 678 declines and 346 unchanged. The Total Investment & Insurance Solutions

Barring the metal, oil and gas and energy sectors, all the other counters were in the green on BSE, led by IT (information technology), capital goods and TECK (technology, entertainment and media). According to analysts, the markets on Tuesday showed signs of settling down after it was over-sold for the past few weeks. "Broadly the trend is still negative. Today the Asian markets are positive but the US stocks are down," pointed out market analysts.

 Finance Minister Arun Jaitley on Tuesday held the central bank responsible for the mountain of bad loans, saying the Reserve Bank of India (RBI) looked the other way when banks lent indiscriminately during 2008-14 to keep the economy humming. Jaitley's comments reflect a growing tension between the RBI and the government. The Total Investment & Insurance Solutions

ABB India reported Q2 FY19 results including total revenue at Rs2,515.36 crore (Rs1,923.40 crore), up 30.8% year-on-year. Profit after tax was at Rs108.34 crore (Rs83.39 crore), up 29.9% year-on-year. Earnings per share were at Rs5.11 (Rs3.94). The Total Investment & Insurance Solutions

The major indices of the Indian stock markets rallied on Wednesday and closed with gains over Tuesday’s close. On the NSE, there were 1,143 advances, 597 declines and 318 unchanged.

Automobile major Tata Motors announced the roll-out of its first SUV "Harrier" from its all-new manufacturing line. "Tata Harrier needed a completely new approach to product development and manufacturing processes," the company said in a statement. The Total Investment & Insurance Solutions

RP-Sanjiv Goenka Group's Phillips Carbon Black Ltd (PCBL) is at an "advanced stage" of finalising a site in one of the southern states for its Rs600 crore greenfield project, Group Chairman Sanjiv Goenka said.

The major indices of the Indian stock markets were range-bound on Thursday and ended flat over Wednesday’s close. On the NSE, there were 1,134 advances, 596 declines and 329 unchanged. The Total Investment & Insurance Solutions

Despite firm global cues and a slight recovery in the domestic currency, the key equity indices traded flat during the afternoon session of trade on Thursday as investors remained cautious ahead of key macro-economic data release and tension between the RBI and government. Export-oriented stocks, IT (information technology) and healthcare struggled as the rupee recovered to around 73.79 a US dollar from Wednesday's close of 73.95. Buying was witnessed in banking, finance and capital goods counters on BSE.

A faster rise in demand accelerated the pace of India's manufacturing sector output in October, key economic data released on Thursday showed. According to the Nikkei India Manufacturing Purchasing Managers' Index (PMI), the composite indicator of manufacturing performance increased to 53.1, from 52.2 in September. An index reading of above 50 indicates an overall increase in economic activity, or growth, and below 50 an overall decrease.

Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday.

Global IT (information technology) company Tata Consultancy Services announced the acquisition of W12 Studios, an award-winning digital design studio based in London, for an undisclosed sum.

The major indices of the Indian stock markets rallied strongly on Friday. On the NSE, there were 1,102 advances, 616 declines and 339 unchanged.

The 30-scrip S&P BSE Sensex on Friday opened in the positive territory owing to the recovery in rupee and ease in the crude oil prices. Buying was witnessed in all sectors on BSE led by finance, banking and auto counters. NSE was up 1.66%, Sensex rallied 1.68% and Bank Nifty went up 1.49%.The Total Investment & Insurance Solutions

Weekly Indices (The Total Investment & Insurance Solutions)

Indian firms upbeat on local & global opportunities: Survey -The Total Investment & Insurance Solutions

Contact Your Financial Adviser Money Making MC

http://moneymakingaimsee.blogspot.in
https://www.facebook.com/moneymakingmc

02 November 2018

 

Opportunities (The Total Investment & Insurance Solutions)

Indian firms are upbeat on local and global opportunities, with 96 per cent having positive outlook on the international trading environment, according to a survey.

 While 94 per cent companies are upbeat about their growth prospects, a similar majority, 97 per cent, of Indian businesses are bullish about the growth opportunities, global banking giant HSBC said in its 'Navigator' survey.

 Indian companies were found to be significantly more optimistic about the above three factors than the global average of global trading environment (78 per cent), market (76 per cent) and for their own company (77 per cent).

The three key drivers of growth of trade for Indian firms, according to the survey, are greater use of technology (41 per cent), increasing demand for their products (34 per cent) and growth of ecommerce (33 per cent).

Further, optimism amongst Indian firms about growth prospects of their own company is largely driven by an expectation of global economic growth (46 per cent), introduction of new technologies (38 per cent) and consumer confidence (34 per cent). The Total Investment & Insurance Solutions

The US, the UK and China are the top three current trading partners for Indian firms, the survey revealed. The Total Investment & Insurance Solutions

Going forward, companies expect the US, Australia and Canada to be the key markets for their expansion. The threat of protectionism is one development that is worrying Indian businesses. Majority of respondents (81 per cent) said the governments in foreign markets were becoming more protectionist, which was far above the global average (63 per cent), the survey showed. On the other hand, Indian respondents do not necessarily believe that regulations are always negative for their business. The Total Investment & Insurance Solutions

Although just under a third (31 per cent) felt complex approval systems made it hard to do business, nearly two in five firms said regulations are increasing competitiveness of their business and just under a third believed that it increased the value of their business, it said. Around two-thirds (67 per cent) of Indian firms expect industry or sector specific free tradeagreements to have a positive impact on their businesses in the next three years. Businesses appear most confident about the positive impact of India's free trade agreement with ASEAN, according to the survey. The Total Investment & Insurance Solutions

Interestingly, a quarter of firms felt that Brexit will create opportunities for them outside and inside of the European Union. Diversification into other products and services (37 per cent) and expansion to other markets (35 per 11/2/2018 Indian firms upbeat on local & global opportunities in addition to increased spend on research and development and technology (33 per cent) are the major changes companies have made in the last two years, according to the survey.

This has been done with the intention of attracting new customers (41 per cent), driving product innovation (40 per cent) and driving growth (38 per cent). Growing market share is the key factor in setting the future direction for two in five (40 per cent) Indian businesses.

 "Global trends point towards a rise in protectionist sentiment. While this is a concern, we believe that India will continue to hold its position as one of the fastest growing economies globally, and hence, present long term growth opportunities," said Rajat Verma, head of commercial banking, HSBC India.

Globally, the survey revealed that businesses are upbeat about their prospects, encouraged by customer demand and favourable economic conditions, but are revising their strategies as protectionism dents the outlook for international trade. Moreover, political headwinds are gaining strength as 63 per cent of firms globally think governments are becoming more protective of their home economies, up 2 per cent since the first quarter of 2018.

Reflecting these uncertainties, many companies are turning their attention to intra-regional rather than inter-regional trading opportunities, it added. The survey was conducted among among 8,650 decision makers in 34 markets globally, including in India. The Total Investment & Insurance Solutions

Doubling women workforce can drive GDP up: NITI Aayog CEO Amitabh Kant -The Total Investment & Insurance Solutions

Contact Your Financial Adviser Money Making MC

http://moneymakingaimsee.blogspot.in
https://www.facebook.com/moneymakingmc

02 November 2018

 

GDP(The Total Investment & Insurance Solutions)

The country would be adding an additional USD 700 billion to its economy if its share of the women workforce increases to 48 per cent from the present 24 per cent, chief executive officer of NITI Aayog Amitabh Kant said Thursday.

 For this, attention should be on women's health and education, Kant said while delivering his speech during the 7th N J Yasaswy Memorial Lecture at ICFAI Foundation for Higher Education here. Yasaswy was a finance and investment writer and a founding member of ICFAI University. "Nation can grow at a rate of 9 per cent to 10 per cent only if there is gender parity," he said.

Only 24 per cent of the women in the country work, while the percentage is 48 across the world. To achieve this, men have to push women into employment, Kant said. There is a need to create jobs for women for which their education and nutrition, especially in rural areas and eastern parts of the country, were imperative, he said.

Creation of a world-class infrastructure like in China is a challenge to India where there is a mismatch between demand and supply, Kant said while touching upon challenges India faces to achieve growth. The Total Investment & Insurance Solutions

The government should take up greenfield infrastructure projects on roads and airports and allow private sector for operations and maintenance, he said. The Total Investment & Insurance Solutions

PM Modi's Diwali gift for MSMEs: National rollout of portal to give loans in 59 minutes-The Total Investment & Insurance Solutions

Contact Your Financial Adviser Money Making MC

http://moneymakingaimsee.blogspot.in
https://www.facebook.com/moneymakingmc

02 November 2018

MSME (The Total Investment & Insurance Solutions)

Prime Minister Narendra Modi on Friday launched the Micro, Small and Medium Enterprises (MSME) Support and Outreach Programme on Friday to enhance credit access to the sector. The Total Investment & Insurance Solutions

Speaking at the launch of  Support and Outreach Initiative for MSMEs at Vigyan Bhawan in New Delhi, PM Modi announced the national roll out of online platform for MSME credit which will enable businesses to get loans upto Rs 1 crore within just 59 minutes. The Portal reduces the loan processing turnaround time from 20-25 days to 59 minutes. Subsequent to this in principle approval, the loan will be disbursed in 7-8 working days. The Total Investment & Insurance Solutions

The MSME 'Support & Outreach Program' is being attended by Finance Minister Arun Jaitley and Minister of State for MSME Giriraj Singh. The outreach programme will run for 100 days covering 100 districts throughout the country.

Touching upon several matters of vital interest to the MSME sector, he said, 12 major decisions taken by the Central government are the proof that when after breaking silos, collective initiatives are taken, collective responsibilities are fulfilled,  and collective decisions are taken, it creates a comprehensive impact.

The MSME sector constitutes a vast network of over 63 million units and employs 111 million people, contributing around 30 percent to the GDP. It accounts for about 45 percent of manufacturing output and around 40 percent to total exports.

A major obstacle for growth of MSMEs is their inability to access timely and adequate finance as most of them are in niche segments where credit appraisal is a major challenge.The Total Investment & Insurance Solutions

World Stock Markets Rally On News Of Trump-Xi Talks-The Total Investment & Insurance Solutions

Contact Your Financial Adviser Money Making MC

http://moneymakingaimsee.blogspot.in
https://www.facebook.com/moneymakingmc

02 November 2018

financial markets (The Total Investment & Insurance Solutions)

Stock markets charged ahead Friday after President Donald Trump and his Chinese counterpart, Xi Jinping, spoke by phone and reported progress in resolving trade tensions. Investors are looking ahead to U.S. jobs figures due later in the day. The Total Investment & Insurance Solutions

KEEPING SCORE: The CAC 40 in France jumped 1.3 percent to 5,150 and Germany's DAX advanced 1.5 percent to 11,637. Britain's FTSE 100 rose 0.7 percent to 7,168. Futures augured a strong start on Wall Street, with the Dow future contract up 0.9 percent and that for the S&P 500 up 0.7 percent.

ASIA'S DAY: Hong Kong's Hang Seng index rallied 4.2 percent to 26,486.35 and the Shanghai Composite index added 2.7 percent to 2,676.48. Japan's Nikkei 225 index surged 2.6 percent to 22,243.66 while South Korea's Kospi climbed 3.5 percent to 2,096.00. The S&P ASX/200 in Australia erased early losses to end up 0.1 percent at 5,849.20. Shares also rose in Taiwan, India and Southeast Asia.

CHINA-US TRADE: U.S. President Donald Trump tweeted that he spoke with Chinese President Xi Jinping and that the two countries were making some progress in trade negotiations. He didn't give details, but there have been few signs of movement in the trade dispute in recent months, and investors are getting nervous about the prospect of huge tariff increases.

 A Chinese foreign ministry spokesman told reporters the discussion was quite positive and that the two leaders were optimistic about resolving the dispute over technology that has resulted in both sides imposing penalty tariffs on billions of dollars' worth of each other's exports. Meanwhile, Chinese state media said Xi has promised tax cuts and other help to China's entrepreneurs in a renewed effort to revive the cooling, state-dominated economy. The Total Investment & Insurance Solutions

US JOBS: The momentum in the markets will likely depend on the U.S. jobs report, which is expected to show a healthy net increase of 190,000 workers to the economy. That would be just short of this year's monthly average increase of 208,000 and leave the Federal Reserve on track to keep raising interest rates. It's an open question whether the figures could influence voting in the U.S. midterm election next week, as polls suggest that while many Americans approve of the economy's direction, that has not translated into greater support for Trump or Republican congressional candidates. The Total Investment & Insurance Solutions

CURRENCIES: The dollar rose to 112.85 yen from 112.71 yen, while the euro gained to $1.1450 from $1.1408. The British pound was up to $1.3028 from $1.3004 amid hopes for progress in the Brexit talks.

ENERGY: Oil prices continued to weaken after the Department of Energy said U.S. crude stockpiles increased for the sixth straight week. Benchmark U.S. crude slipped 3 cents to $63.66 per barrel in electronic trading on the New York Mercantile Exchange. It slumped 2.5 percent to $63.69 a barrel in New York. Brent crude, used to price international oils, was up 25 cents to $73.14 per barrel. It shed 2.9 percent Thursday to $72.89 a barrel in London.The Total Investment & Insurance Solutions

Nifty, Sensex May Head Higher If Today's Low Holds – Thursday closing report-The Total Investment & Insurance Solutions

Contact Your Financial Adviser Money Making MC

http://moneymakingaimsee.blogspot.in
https://www.facebook.com/moneymakingmc

01 November 2018

I had mentioned in Wednesday’s report that Nifty, Sensex might continue to rise. The major indices of the Indian stock markets were range-bound on Thursday and ended flat over Wednesday’s close. On the NSE, there were 1,134 advances, 596 declines and 329 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

Despite firm global cues and a slight recovery in the domestic currency, the key equity indices traded flat during the afternoon session of trade on Thursday as investors remained cautious ahead of key macro-economic data release and tension between the RBI and government. Export-oriented stocks, IT (information technology) and healthcare struggled as the rupee recovered to around 73.79 a US dollar from Wednesday's close of 73.95. Buying was witnessed in banking, finance and capital goods counters on BSE.

A faster rise in demand accelerated the pace of India's manufacturing sector output in October, key economic data released on Thursday showed. According to the Nikkei India Manufacturing Purchasing Managers' Index (PMI), the composite indicator of manufacturing performance increased to 53.1, from 52.2 in September. An index reading of above 50 indicates an overall increase in economic activity, or growth, and below 50 an overall decrease. The Total Investment & Insurance Solutions

Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday.

HCL Technologies (HCL) on Thursday announced its collaboration with California-based Pivotal Software to help enterprises create a new generation of Cloud-native applications. As part of the collaboration, HCL will use Pivotal's software offerings and Platform Acceleration Lab (PAL), the company said in a statement. The company’s shares closed at Rs1,015.50, down 3.80% on the NSE. The Total Investment & Insurance Solutions

Automobile major Maruti Suzuki India's overall sales, including exports for October, inched up by 0.2%. The company said on Thursday that total sales rose to 146,766 units in the month, compared to 146,446 units sold in the year-ago period. "Maruti Suzuki India Ltd sold a total of 146,766 units in October. This includes 138,100 units in domestic market and 8,666 units of exports," the company said in a statement. In the domestic market, it sold 138,100 units during October, up by 1.5% from 136,000 units sold in the corresponding month in 2017. However, the carmaker exported 8,666 units, registering a decline of 17% from 10,466 units shipped out in the year-ago month. Maruti Suzuki shares closed at Rs6,702.00, up 1.29% on the NSE. The Total Investment & Insurance Solutions

Jet Airways said that it has received notices for payment "delays or defaults" from some aircraft lessors. "Whilst the company is in receipt of notices for payment delays or defaults from few aircraft lessors, they are mindful of the challenges currently faced by the Indian aviation industry and they have been supportive of the company's efforts," the airline said in a BSE filing. "We also wish to clarify that the company is current on its payments to Airports Authority of India (AAI) and no show-cause notice has been received by the company from AAI." The airline is financially suffering from an increase in Brent fuel price by more than 36 per cent, along with a weak rupee and a mismatch between high fuel prices and low fares primarily undermined its financial performance during the quarter under review. Jet Airways also plans to go in for a cost reduction programme to reduce expenses totalling Rs2,000 crore over two years. In addition, the company has decided for a "balance-sheet restructuring" which entails capital infusion and debt reduction. The company’s shares closed at Rs225.65, up 1.69% on the NSE. The Total Investment & Insurance Solutions

Automobile major Tata Motors reported a standalone net profit of Rs109.14 crore during the quarter ended September 30, on the back of rise in sales. During the same period last year, the company reported a net loss of Rs283.37 crore, Tata Motors said in a statement. Total standalone income during the second quarter of the financial year 2018-19 was Rs18,102.56 crore, 33.77% higher from Rs13,532.64 crore earned during the corresponding period of FY18. It further said its total revenue from operations during the period under review rose by 32.85% to Rs 17,644.13 crore. In Q2 FY19, wholesales (including exports) grew 25% to 190,283 units with broad-based growth across the entire portfolio. Tata Motors shares closed at Rs178.75, up 0.06% on the BSE. The Total Investment & Insurance Solutions

Global IT company Tata Consultancy Services on Wednesday announced the acquisition of W12 Studios, an award-winning digital design studio based in London, for an undisclosed sum. TCS shares closed at Rs1,934.60, down 0.15% on the BSE.

State-run Canara Bank reported Rs300-crore net profit, registering 15.4% annual growth for second quarter of fiscal 2018-19 from Rs260 crore in the same period a year ago. Canara Bank shares closed at Rs251.75, down 3.89% on the BSE.

The top gainers and top losers of the major indices are given in the table below:

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)