Daily Archives: Tuesday February 5th, 2019

Higher Delivery Quantity (05/02/2019)

JCHAC 30546 1371 1785
SOMANYCERA 194979 15533 341
GRINDWELL 34246 5816 518.40
SUNTECK 719153 123343 345.05
ADANITRANS 518484 99138 214.70
NAVNETEDUL 72987 16491 105.35
SCHAEFFLER 11441 3187 5502.80
CARERATING 166436 47775 975.80
HIMATSEIDE 99548 28681 183.25

DSP mutual fund introduced the Nifty 50 index and DSP Nifty Next 50 Index

stock trading education

Mumbai- DSP Investment Managers Pvt. Ltd. has introduced DSP Nifty 50 Index Fund and DSP Nifty Next 50 Index Fund. It is an open index fund, which attempts to replicate the performance of the Nifty 50 Index and the Nifty Next 50 Index, respectively. This new fund offer (NFO) will open on February 11 and close on 15th February.

The Nifty 50 index tracks the performance of India’s top 50 companies according to market capitalization. The index invests in the market’s leading index from different sectors and represents the economy from time to time. The Nifty Next 50 Index tracks the index ranking of 51 to 100 according to stock market capitalization. This index keeps track of companies that can become big companies tomorrow.
These funds are the first time investors are willing to invest in those who want to reach equity markets and who want to stay in the market at lower costs. Well experienced investors who are looking for a diversified equity exposure and want to add a core allocation to their portfolio, they will prove to be beneficial for them. DSP Nifty 50 Index Fund and DSP Nifty Next 50 Index Fund will be managed by Gauri Secariya. DSP Investment Managers launched its first fund in 2017, it was a better offer of its kind in the form of a smart, better and diversified version of the DSP equal Nifty 50 fund, the Nifty 50 index.
Kalpen Parekh, president of DSP Investment Managers said that “We are increasing awareness and demand in the passive place in India, which has increased from Rs 9000 crore in 2008 to Rs 1 lakh crore in August 2018. However, under this, investors do not have to control themselves to choose between active and passive investment strategies.

PNB profits up to Rs 246 cr


The Mumbai-Punjab National Bank (PNB) has succeeded in recovering a scam worth Rs 14,000 crore. In the third quarter of the current financial year, the bank has made tremendous profits.
In the December quarter, PNB has earned a profit of Rs 246.51 crore, which is 7.12 per cent higher than the previous year’s Rs 230.11 crore.
The main accused of the PNB scam, Neerav Modi and Mehul Choksi have fled from the country, who are trying to extradite. Compared to the September quarter, the bank has seen a decrease in bad stranded debt (NPAs). In December, the gross NPA of the bank declined to 11.33 per cent, from 12.11 per cent in the same quarter last year.
In the December quarter, the bank made a provision of debt of Rs 2,753.84 crore, whereas in September, the bank had made a loan of Rs 9,757.90 crore. It is noteworthy that due to the provision of trapped loans, the bank had a loss of Rs 4,532.35 crore in the second quarter of the current financial year.
In February 2018, PNB had disclosed the fact of fraud on a large scale, which amounted to Rs 14,000 crore. In this case, the Recovery Authority of India (DRT) sent notices to the main accused and diamond trader Nirav Modi, his family members, for recovery of dues of more than Rs 7,000 crore. In the Bombay Stock Exchange (BSE), the bank’s shares are trading at about 74 rupees with a bounce of more than one per cent at one o’clock in the afternoon.

Ratings Agencies of how to duplicate from DHFL, IL & FS


In the case of Mumbai-corporate disturbances, the government is preparing to crack the rating agencies. There have been many such incidents in recent times that have given a tremendous shock to investors and these disturbances mainly make accounting agencies accountable. The finance ministry has asked the capital market regulator Securities and Exchange Board (SEBI) to review the existing rules within one month to submit the report in this case.
It is possible to take big steps to protect the interests of small investors. In this way, the rating agencies will try to increase the accountability. According to sources, preparations are being made to further tighten the existing rules. There will also be a provision for punishment with strict rules. Apart from fines, the ban can also be made even if the report is issued. Along with this, suggestions have also been sought for changes in the SEBI Act. The finance ministry has sought a report from SEBI in a month.
In addition to rating agencies, the role of auditors has also been questionable in some cases. There have been many such cases during the recent past which have been cheated due to the auditor. However, in the past year, auditors had resigned from several companies, including the likes of Beverages, Vikranti etc.

Market flat closure

Recession Chart

MUMBAI: The Indian stock market closed at a flat level on Tuesday due to the mixed trend of investors in the day-to-day business. The Bombay Stock Exchange’s BSE ended 34 points higher at 36,616 points and the National Stock Exchange’s Nifty closed at 22, up 10 points to 10,343.
Early in the morning after the start of the morning, the Sensex dived into the red mark in the early trading. The highest level of 36,717 in the day-to-day business, while the lowest level was 36505. BSE midcap and small caps also closed down. Consumer durables, finance, auto, private banks, with sharp rise in green mark and PSU bank, telecom, healthcare, energy, infrastructure closed in red mark.
Nifty of the National Stock Exchange has managed to close in green mark. Talking about the auto sector, Hero MotoCorp, Mahindra and Mahindra and Bajaj Auto were closed with a gain due to buying shares. Sensex index of 50-share Nifty closed 30 shares green, 19 shares red and 1 share without any change. In the Nifty, all the Sectoral Index except the PSU Bank, Auto, Finance Services, Media and Private Bank were closed in the red mark. Nifty mid-caps and smallcaps were also closed in red marks.
In the BSE, Reliance Nippon Life Assures 6.63 percent, Balrampur Chinese Mills 5.62 percent, Grameen Finance Ltd at 5.40 percent, DHFL 5.00 percent, Jee Entertainment 4.68 percent and NSE Dr Reddy 1.62 percent, Hero MotoCorp 1.54 percent, UPL 1.34 percent, Mahindra And Mahindra 1.16 per cent, Bajaj Auto climbed 1.04 per cent, while Reliance Power at 30.12 per cent, RCom 27.95 per cent, Suzlon at 23.26 per cent, JP Asoci 14.60 per cent, CG Power 14.38 per cent and Bharti Airtel 3.85 per cent on the NSE, Indiabulls Housing Finance 2.21 per cent, Bharti Infratel to 1.54 per cent, Tata Steel 1.02 per cent, JSW Steel 0.90 per cent.