4 Ways to Monitor Your Indian Mutual Funds and Stock Portfolio Under One Platform

As an investor in India, it's common to have a diverse portfolio consisting of mutual funds and stocks from various companies. Keeping track of these investments can be a daunting task, especially when you have to monitor multiple platforms for different securities. Fortunately, there are ways to simplify the process and monitor your entire portfolio under one platform. In this post, we'll explore some of the best ways to do so.Mutual Fund Utility (MFU) platform:

1. The Mutual Fund Utility (MFU) platform is a free online platform offered by the Association of Mutual Funds in India (AMFI). The platform allows investors to invest in, redeem, and switch between various mutual fund schemes offered by different fund houses. Additionally, MFU provides a consolidated view of your investments across mutual fund schemes and fund houses. You can register for an account on the MFU website and link your mutual fund holdings to the platform.
2. CAMS or Karvy KRA platform: CAMS (Computer Age Management Services) and Karvy KRA (KYC Registration Agency) are authorized by SEBI to act as KYC registration agencies for mutual fund investors. These platforms also offer a portfolio tracking service that allows investors to view their mutual fund holdings across different fund houses. You can register for an account on the respective websites and link your mutual fund holdings to the platform.
3. Brokerage platforms: Most brokerage platforms in India offer a portfolio tracking feature that allows investors to view their holdings across different stocks, mutual funds, and other securities. You can consider using the portfolio tracking feature offered by your brokerage platform to monitor your entire portfolio in one place.
4. Third-party portfolio tracking tools: There are several third-party portfolio tracking tools available in the market that allow investors to track their investments across different asset classes and platforms. These tools offer features like automated data sync, performance tracking, and tax reporting. Some popular third-party portfolio tracking tools in India include Moneycontrol, Groww, and Paytm Money.

Regardless of the platform you choose, make sure to link all your investments, including SIP transactions and dividend reinvestment, to the platform for an accurate view of your portfolio.

In conclusion, monitoring your Indian portfolio of mutual funds and stocks under one platform is possible and can help simplify your investment tracking. Consider exploring the platforms mentioned above and choose the one that best suits your needs. Happy investing!

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നിങ്ങളുടെ നിക്ഷേപ ചക്രവാളം നിങ്ങൾ ചിന്തിക്കുന്നതിനേക്കാൾ ദൈർഘ്യമേറിയതാണ്

 2017 ൽ, എത്യോപ്യയിൽ വച്ച്,  50 വയസ്സുള്ള കനേഡിയൻ സ്ത്രീയെ ഞാൻ കണ്ടുമുട്ടി . “എന്റെ പണം ഉപയോഗിച്ച് എനിക്ക് വലിയ റിസ്ക് എടുക്കേണ്ടതുണ്ട്,” അവര്‍ പറഞ്ഞു

“കാരണം ഞാൻ 15 വർഷം മാത്രമേ നിക്ഷേപം നടത്തുകയുള്ളൂ. എനിക്ക്  എനിക്ക് 65 വയസ്സുള്ളപ്പോൾ വിരമിക്കണം. ”  

എന്നിരുന്നാലും, അവര്‍ 65വയസ്സില്‍  വിരമിക്കുകയാണെങ്കിൽ, അവരുടെ നിക്ഷേപ കാലാവധി 15 വര്ഷം  അല്ല, അത് മനസ്സിലാക്കുന്നതിൽ അവര്‍ പരാജയപ്പെട്ടു. 85 വയസ്സ് വരെ  അവര്‍ ജീവിക്കുന്നുവെങ്കിൽ, അവരുടെ നിക്ഷേപ കാലാവധി 35 വർഷമായിരിക്കും. നിക്ഷേപകാലത്തിന് രണ്ട് ഘട്ടങ്ങളുണ്ട്. അനാവശ്യ അപകടസാധ്യതകൾ അവര്‍ എടുക്കരുതാത്തത് അതുകൊണ്ടാണ്.

ആദ്യത്തേത് ഒരു സഞ്ചയ ഘട്ടമാണ്. ഇപ്പോഴാണ് നമ്മള്‍  ജോലിചെയ്ത് നമ്മുടെ നിക്ഷേപങ്ങളിൽ പണം ചേർക്കുന്നത്. രണ്ടാം ഘട്ടം വിരമിക്കലാണ്

(അല്ലെങ്കിൽ വിതരണം). നമ്മള്‍  വിരമിക്കുന്ന ദിവസം നമ്മള്‍  വിൽക്കുന്ന ദിവസമല്ല. നമ്മുടെ പണം നിക്ഷേപമായി  സൂക്ഷിക്കേണ്ടതുണ്ട്, അതിനാൽ നമ്മള്‍  നമ്മുടെ ജീവിതച്ചെലവ് നികത്താൻ അതിന്റെ കഷണങ്ങൾ വിൽക്കാൻ കഴിയും. ആ പണം വളർന്നു കൊണ്ടിരിക്കുന്നതിലൂടെ അതിന്റെ വരുമാനം നമുക്ക് തുടര്ന്നും കിട്ടി കൊണ്ടിരിക്കും 

അതുകൊണ്ടാണ് 50 വയസ്സുള്ള നിക്ഷേപകന്റെ സമയ ചക്രവാളം 35 വയസ്സ് ആകുന്നത്. 

അല്ലെങ്കിൽ കൂടുതൽ. 40  വയസ്സുള്ള നിക്ഷേപകന്റെ സമയ ചക്രവാളം 45 വര്‍ഷമോ  അതില്‍  കൂടുതളോ ആകാം.

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എന്തുകൊണ്ടാണ് ഓഹരി വിപണിയുടെ ശരാശരി വരുമാനം സ്ഥിരമല്ലാതാവുന്നത്

30 വർഷത്തെ വിവിധ നിക്ഷേപ കാലയളവുകള്‍ നോക്കിയാൽ ആഗോള ഓഹരി വിപണിയുടെ പ്രതിവർഷ  വരുമാനവര്‍ദ്ധന ശരാശരി 9 മുതൽ 11 ശതമാനം വരെ ആയിരിക്കും . എന്നാൽ വരുമാനവര്‍ദ്ധന ആ പരിധിക്കുള്ളിൽ‌ കൃത്യമായി  വരുന്ന കലണ്ടർ വർഷം വളരെ അപൂര്‍വ്വമായി മാത്രമേ കാണാന്‍ പറ്റു.

എന്റെ ജീവിതകാലത്ത്, ഇത് ഒരിക്കൽ സംഭവിച്ചു. 2010 ൽ ആഗോള ഓഹരികൾ 10.07 ശതമാനം നേട്ടം കൈവരിച്ചു. 

യുഎസ് ഓഹരി വിപണിയിലും ഇത് സമാനമാണ്. 1926 നും 2016 നും ഇടയിൽ മൂന്ന് തവണ യു‌എസ് ഓഹരികൾ‌,  9 മുതൽ 11 ശതമാനം വരെ കലണ്ടർ‌ വർഷത്തിലെ നേട്ടങ്ങൾ‌  രേഖപ്പെടുത്തി.

 1968 ൽ അവർ 11 ശതമാനം നേട്ടമുണ്ടാക്കി; 

1993 ൽ അവർ 10.1ശതമാനം നേട്ടം കൈവരിച്ചു;

 2004 ൽ അവർ 10.9 ശതമാനം സമ്പാദിച്ചു. 

ബാക്കി സമയം, ഓഹരികൾ കുതിച്ചുയർന്നു, മുങ്ങി, അല്ലെങ്കിൽ ചിതറിപ്പോയി.

1926 നും 2016 നും ഇടയിൽ യുഎസ് ഓഹരികൾ ശരാശരി 9.89 ശതമാനം നേട്ടമുണ്ടാക്കി, എന്നാൽ വാര്‍ഷിക  പ്രകടനങ്ങൾ ചാഞ്ചാടുകയായിരുന്നു. 

24 തവണ യുഎസ് ഓഹരികൾ വാർഷിക നഷ്ടം രേഖപ്പെടുത്തി. മറുഭാഗത്ത്, 24 കലണ്ടർ വർഷങ്ങളിൽ ഓഹരികൾ 25 ശതമാനമോ കൂടുതലോ നേട്ടമുണ്ടാക്കി.

ശ്രദ്ധിക്കുക പട്ടിക 1.2 ലെ വാര്‍ഷിക   പ്രകടനങ്ങൾ. 

ഓഹരി വിപണിയിലെ ചാഞ്ചാട്ടം സാധാരണമാണ്. അത്

എല്ലായ്പ്പോഴും അങ്ങിനെ തന്നെ  ആയിരിക്കുകയും ചെയ്യും.

പട്ടിക 1.2 എസ് & പി 500 വാർഷിക വരുമാനം: 1926–2016

SOURCE: Bogleheads.org; Morningstar.com.

11.62%	1926	18.98%	1972
37.49%	1927	-14.66%	1973
43.61%	1928	-26.47%	1974
-8.42%	1929	37.20%	1975
-24.90%	1930	23.84%	1976
-43.34%	1931	-7.18%	1977
-8.19%	1932	6.56%	1978
53.99%	1933	18.44%	1979
-1.44%	1934	32.42%	1980
47.67%	1935	-4.91%	1981
33.92%	1936	21.55%	1982
-35.03%	1937	22.56%	1983
31.12%	1938	6.27%	1984
-0.41%	1939	31.73%	1985
-9.78%	1940	18.67%	1986
-11.59%	1941	5.25%	1987
20.34%	1942	16.61%	1988
25.90%	1943	31.69%	1989
19.75%	1944	-3.10%	1990
36.44%	1945	30.47%	1991
-8.07%	1946	7.62%	1992
5.71%	1947	10.08%	1993
5.50%	1948	1.32%	1994
18.79%	1949	37.58%	1995
31.71%	1950	22.96%	1996
24.02%	1951	33.36%	1997
18.37%	1952	28.58%	1998
-0.99%	1953	21.04%	1999
52.62%	1954	-9.10%	2000
31.56%	1955	-11.89%	2001
6.56%	1956	-22.10%	2002
-10.78%	1957	26.68%	2003
43.36%	1958	10.88%	2004
11.96%	1959	4.91%	2005
0.47%	1960	15.79%	2006
26.89%	1961	5.49%	2007
-8.73%	1962	-37.00%	2008
22.80%	1963	26.46%	2009
16.48%	1964	15.06%	2010
12.45%	1965	2.11%	2011
-10.06%	1966	16.00%	2012
23.98%	1967	32.39%	2013
11.06%	1968	13.69%	2014
-8.50%	1969	1.38%	2015
4.01%	1970	11.96%	2016
14.31%	1971	9.89%	Average Return

 ശ്രദ്ധിക്കുക: ബ്രാക്കറ്റുകളിലെ ശതമാനം നഷ്ടം കാണിക്കുന്നു.

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CareerAcademy.com Launches The Industry’s Best Value Learning Membership Program

Member Benefits include Free Unlimited Access to 1,100+ IT, Cyber Security, Project Management and Business Skill video based courses with University Certificates of Completion. And the ability to earn up to 257 PDUs and 30 College Credits.

JANUARY 09, 2016

Today CareerAcademy.com Inc, the pioneer and global leader in video based career development training courses, announced the launch of its innovative Unlimited Access Learning Membership Program. After 16 years of providing high quality career focused IT, Cyber Security, Project Management and Business Skill video based courses to students at the world’s top adult education training centers and universities, CareerAcademy.com has once again revolutionized the training industry with its Unlimited Access Learning Membership Program. The Unlimited Access Learning Membership Program provides learners with access to over 1,100+ IT, Cyber Security, Project Management and Business Skill video based courses enabling them to quickly acquire the skills they need to succeed in today’s ever changing technological workplace and gain the ability to validate their proficiency to employers and clients. Membership dues are $29 per year. 

• Unlimited access to tens of thousands of dollars’ worth of the industries finest IT, Cyber Security, Project Management and Business Skill video based courses for $29 per year.
• The same content you see in the world’s most popular training centers and universities.
• The ability to earn up to 257 PDUs and 30 College Credits towards Associates or Bachelors degrees

“The motivation behind this Learning Membership program is to allow all people the opportunity to gain access to high quality career focused training without the high costs which in the past have been the main hurdle to acquiring the skills needed to master the technologies needed in today’s economy.” Stated Samson Chu CEO of Career Academy, “These are the very same courses which are being sold in training centers and universities as standalone courses for 100’s to 1000’s of dollars. It is rewarding to see how profound an impact the Learning Membership Program is having on the industry.”

About CareerAcademy.com Inc.

Since 1999, Career Academy has consistently led the training industry in developing technology-based IT, Cyber Security, Project Management and Business Skill video based career development training courses that power the enterprise learning initiatives of the world's largest corporate and consumer training centers, universities, Fortune 500 corporations as well as government agencies. CareerAcademy.com gives students and organizations the ability to extract the maximum value from their training programs, at the lowest total cost, across every point in the information life cycle.

For more info about Career Academy's new unlimited access $29 annual membership benefits and how to enroll, please visit http://vip.careeracademy.com. 

Referral Program: Their referral program is perfect for any bloggers, social media creators/influencers who can help us to spread the word about our best selling online learning membership and make some easy cash each month. For example, if you reached just 10 referrals a month, your payment will be at 10 x $10 = $100 plus $50 bonus = $150 and 20 referrals a month will earn you $300. There's no limit to how much you can earn!

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Local bourses lose some more ground; broader indices trade mixed

Local bourses after getting a soft start have lost some ground in tandem with Asian peers that are reeling under pressure as nagging fears about Europe's spreading debt crisis triggered massive sell off. The volatility has spiked up as the equity market march nearer to the expiry of March month Future & Option series. Local bourses are mainly feeling the heat coming from the Index Heavyweight as the market bellwether - Reliance Industries is trading lower by over 0.50%. Meanwhile, another index heavyweight Infosys also fell by over 1% after company received a subpoena from a grand jury in the US district court that requires the company to provide certain documents and records related the company's sponsorships for and uses of B1 business visas. Besides that, Realty stocks saw deepest cuts after DLF plunged over 4% post reporting nearly 20 per cent fall in net profit for the fourth quarter. On consolidated basis, the group has posted a net profit of Rs 344.54 crore for the quarter ended March 31, 2011 as compared to Rs 426.38 crore for the quarter ended March 31, 2010, down 19%.

On the global front, overnight, the Wall Street closed lower for a third straight day amid continued concerns over the European debt crisis. Meanwhile, all the Asian Indices barring KLSE Composite were trading in the red. The US future indices too were showing a downtick in the screen trade. Back home, the 30 scrip sensible barometer index on Bombay Stock Exchange (BSE) though trading lower over 50 points was at sniffing distance of the physiological 18,000 mark, while the broadly followed 50 share index on National Stock Exchange (NSE) losing over 20 points was trading near its intra-day's low point. The broader indices were showcasing mixed trend similar to the previous trading session. Midcap Index lost over 10% and SmallCap Index enticed a gain of 0.05%. The overall market breadth was in the favour of declines which outpaced advances in the ratio of 1108:1019, while 99 shares remained unchanged.

The BSE Sensex is currently trading at 17,935.17, down by 76.80 points or 0.43%. The index has touched a high and low of 17,976.36 and 17,905.29 respectively. There were 10 stocks advancing against 19 declining ones, while only a stock remained unchanged on the index.

The broader indices were trading mixed; the BSE Mid cap Index lost 0.14% and Small cap index gained 0.05%. 

The only gaining sectoral indices on the BSE were, CD up by 0.81%, PSU up by 0.34%, HC up by 0.32%, FMCG was up by 0.04% and Metal up by 0.03%. While, Realty down by 1.39%, IT down by 0.99%, TECk down by 0.91%, CG down by 0.66% and Oil and Gas down by 0.52% were the top losers on the index.

The top gainers on the Sensex were Jindal Steel up by 0.99%, Tata Motors up by 0.72%, HDFC up by 0.62%, Sterlite Industries up by 0.34% and HDFC Bank up by 0.17%.

On the flip side, DLF down by 3.81%, Tata Power down by 1.50%, Bhari Airtel down by 1.47%, TCS down by 1.42% and L&T was down by 1.29% were the top losers on the index.

Meanwhile, the Indian Pharmaceutical industry has been witnessing phenomenal growth in recent years, driven by rising consumption levels in the country and strong demand from export markets. The pharmaceutical industry in India is estimated to be worth about $10 billion, growing at an annual rate of 9 percent. There are around 10,000 pharmaceutical manufacturers in India, producing bulk drugs and formulations, of which some 7,000 are SMEs, contributing 35 percent of the total domestic turnover of Rs 45,000 crore.

In order to enhance the performance in the domestic and export markets, the small and medium enterprises (SMEs) in the pharma sector are looking for government support on technology upgrade in manufacturing, brand promotion and marketing. The marketing and regulatory constraints are putting pressure on SMEs growth. To overcome this, the SMEs need financial support from the government. The opportunity is mainly in contract manufacturing, for both MNCs operating in India and Indian companies, which are looking to outsource manufacturing activities for the domestic market and focus on exports to regulated markets like the US and Europe. For which the SMEs first have to upgrade their capabilities to comply with manufacturing standards like Good Manufacturing Practices (GMPs) set by the Indian government and the World Health Organization (WHO).

Upgrading facilities according to the WHO-GMP and Indian GMP standards needs liberal funding from the government and some financial incentives, but without so many restrictions. The government has implemented financial assistance programmes like the Credit Linked Capital Subsidy Scheme (CLCSS) for technology up gradation of small-scale industries to enable them to comply with GMP standards with the revised Schedule M norms under the Drugs and Cosmetics Act. Besides, the government also announced a Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS) that provides a 5 percent interest subsidy for SMEs to upgrade their facilities to WHO-GMP standards.

The SMEs also face the challenge of eligibility barriers, including fixed turnover limits and ORG rankings set by institutional buyers in their bidding process for medicine procurement. Small enterprises, which mainly rely on government and institutional supplies, could perform well if these restrictions are removed. Further, the government could also provide SMEs with soft loans for brand promotion.

The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. The contribution of SMEs to pharmaceutical units, output, investment, and employment is considerably higher than many other sectors. In the year 2011-12, the Indian domestic pharma market is expected to grow at a compounded annual growth rate (CAGR) of nearly 16%. Export market is also expected to grow much faster than the domestic market.

The S&P CNX Nifty is currently trading at 5,370.00, down by 24.85 points or 0.46%. The index has touched a high and low of 5,389.10 and 5,362.30 respectively. There were 14 stocks advancing against 36 declines on the index.

The top gainers of the Nifty were Sun Pharma up by 2.04%, Kotak Bank up by 1.33%, Jindal Steel up by 1.07%, Cairn India up by 0.93% and Tata Motors up by 0.86%.

DLF down by 3.95%, BPCL down by 1.86%, Reliance Capital down by 1.82%, Bharti Airtel by 1.61% and Tata Power was down by 1.56% were the major losers on the index.

All the Asian markets barring KLSE Composite were trading in the red; Shanghai Composite lost 0.46%, Hang Seng declined 0.55%, Jakarta Composite slid 0.28%, Nikkei 225 slipped 0.37%, Straits Times dropped 0.50%, Seoul Composite  was down by 0.71%and Taiwan Weighted  too was in red down by 0.02%.

On the flip side, KLSE Composite was the only gainer among the Asian pack and was trading up by 0.18%.

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PAN card must for cash transaction in India

Furnishing (Permanent Account Number) PAN will be mandatory from Friday for cash transactions such as hotel or foreign travel bills exceeding Rs50,000 - a move aimed at curbing the black money menace.

Besides, PAN will be a must for all transactions, including purchase of jewellery, above Rs 200,000 in cash or through card with effect from January 1, 2016, the Finance Ministry of India said in a notification.

PAN will also be mandatory on purchase of immovable property of over Rs1 million. This will be a relief to small home buyers as previously the government had proposed to make PAN mandatory for property worth Rs500,000.

Quoting of Permanent Account Number (PAN) will also be mandatory for term deposits exceeding Rs50,000 at one go or Rs500,000 in a year with banks, Post Offices and NBFCs.

The notification said PAN would be mandatory for payments of more than Rs 50,000 for cash cards or prepaid instruments as well as for acquiring shares of unlisted companies for Rs100,000 and above.

It has also been made mandatory for opening all bank accounts except Pradhan Mantri Jan Dhan Yojana accounts.

Finance Minister Arun Jaitley had earlier this month announced in Parliament that PAN would be made mandatory for all cash and card transactions beyond Rs200,000.

The limit is double of Rs100,000 that he had proposed in 2015-16 Budget, but is lower than the existing threshold of Rs500,000.

Making cash deposit of more than Rs50,000 or purchase of bank draft/pay orders/bankers cheque of equal denomination on a single day, payment of life insurance premium of Rs50,000 in a year would also require quoting of PAN.

In keeping with the government's thrust on financial inclusion, opening of a no-frills bank account such as a Jan Dhan account will not require PAN.

Other than that, the requirement of PAN applies to opening of all bank accounts including in co-operative banks. 

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Manage your Credit Card wisely and avoid Interest

Anytime you speak to someone about applying for a credit card, the usual warning is to be careful or getting caught paying it back on time.

Getting caught in debt is a terrible feeling. But even worse is knowing that it could be years before the debt is cleared. This is because the higher the debt amount, the higher the interest payment per month.

It is always recommended that you manage your credit card bills in a way where you pay the full outstanding so you avoid paying unnecessary fees. 

However, if you have a current balance and paying a high interest rate on it, then you are probably better off considering a credit card with a balance transfer offer allowing you to pay off your current card and transfer the balance on the new credit card at lower rates.

The offers could vary from 0% interest for 3 months or a low rate for 12 months.

While balance transfers generally come with a 0% interest headline, you need to be careful of the processing fee which is a one-time fee you would need to pay in order to enjoy the interest free period.

 Choose wisely and a balance transfer can save you a lot of money!

Best Balance Transfer Offers

Balance transfer in 8 easy steps 

1. Send the minimum payment to your existing credit card company by the due date. 
2. Sign up for new card 
3. Complete the balance-transfer form with the new card 
4. Whilst the balance is pending, continue to make your minimum payments by the due date to your old card. 
5. Receive confirmation of balance transfer to your new company, 
6. Call your old company to verify balance transfer. 
7. Receive a billing statement with zero balance from your old card company. 
8. Close your old account by calling or writing to the old card company. 

Tackling Your Credit Card Debt
Your credit card debt can easily get out of hand. Here are a few ways you can save yourself from such financial pitfalls:

• Take advantage of the best balance transfer offers: If you already have a big card debt, reduce your servicing costs by availing of the best balance transfer offer - see our comparison above.
• Convert you outstanding to an installment loan: Convert your outstanding to an installment loan spread over a tenor which you are comfortable with. Personal installment loan rates, especially if you transfer your salary to the Bank, can be less than half of the credit card rates. 
• Stop using your credit card for any and every purchase. If you want to clear your debt, you need to stop adding to it. Resist the temptation by leaving your card at home. 
• Consider reducing the credit limit to an amount you can comfortably afford to repay every month so you are not able to run up debt you cannot repay.
• Choose a credit card that you can access online . This will help you keep track of your credit card balance and how much you are spending.

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Multibagger Stocks From These Sectors Now!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Midcaps Better Than Largecaps

 

 

 

 

 

 

 

 

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Multibagger Stocks From These Sectors Now!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Stocks 40% Down From Recent Highs

 

 

 

 

 

 

 

 

 

 

 

 

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Participate in Smallcaps Rally

 

 

 

 

 

 

 

 

 

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Renewed fears of recession prompt investors to take a flight of safety from Dalal Street

Local bourses have puffed up their losses as renewed qualms over recession in the United States amidst sustained worries about Europe's sovereign-debt crisis have prompted investors to take a flight of safety. U.S. jobs market which stalled for the month August fuelled concerns about the health of the world's top economy and its fallout on ongoing global recovery. Lack of any positive trigger both on positive as well as global front contributed to the slouch at Dalal Street. On the global front, Stocks on Wall Street closed down more than 2 per cent on Friday after the US Labor Department said employers added no net new jobs last month and July's total was revised lower. Meanwhile the Asian indices too trading shaky in the early deals were pointing at daunting global set up. The US future indices depicting no different trend were showing a downtick in the screen trade. Back home, the only soothing factor were the dwindling prices of crude which declined after a U.S. jobs report raised recession worries, thereby outweighing supply concerns over a major shutdown of offshore oil production as Tropical Storm Lee reached the coast of Louisiana on Sunday. The droopiness of the barometer gauges could also be blamed to the plunge of the Index heavyweights such as that of Reliance Industries, ITC and Infosys. However, from the BSE sectoral front, stocks from Information Technology, Oil & Gas and TECk acted as falling knife for the markets, while stocks from Consumer Durable and Realty bucking the trend provided a ceiling to the losses of the markets. The 30 scrip sensitive index -Sensex- after edging lower over 150 points  was trading lower from its 16700 mark, while the 50 share index surrending over 50 points was off its 5000 level. The broader indices too participating in the global carnage were ruling down over 0.25% each. The overall market breadth on BSE was in the favour of declines which piped advances in the ratio of 1233:976, while 76 shares remained unchanged.

The BSE Sensex is currently trading at 16,632.77 down by 188.69 points or 1.12%. The index has touched a high and low of 16,700.64 and 16,593.06 respectively. There were 6 stocks advancing against 24 declines on the index.

The broader indices too were trading in the red; the BSE Mid cap and Small cap indices declined by 0.13% and 0.46% respectively.

The top gaining sectoral indices on the BSE were, CD up by 1.38%, Realty up by 0.42%. While, IT down by 2.07%, Oil and Gas down by 1.68%, TECk down by 1.57%, Power down by 0.96% and PSU down by 0.74% were the top losers on the index.

The top gainers on the Sensex were Hero Motocorp up by 2.34%, Tata Steel up by 1.05%, Jindal Steel up by 0.86%, Bajaj Auto up by 0.51% and Cipla up by 0.11%

On the flip side, Infosys down by 2.65%, Reliance Industries down by 2.49%, HDFC down by 2.35%, BHEL down by 2.13% and Hindalco Industries was down by 2.08%  were the top losers on the Sensex.

Meanwhile, expressing concern over the elevated food inflation, Finance Minister Pranab Mukherjee said, monetary policy the Reserve Bank has adopted will have impact but will take some time to have full impact on the demand management and in the short and medium term we are trying to improve the supply so that the moderating influence of inflation is felt in the coming week. For the week ended August 20, India's food inflation measured by Wholesale Price Index (WPI), stood at 10.05%, this surge in food inflation was due to the increase in prices of vegetables and protein-based items.

This surge in prices of food product is because of supply side management, and on this issue finance minister said, 'The government is trying to improve supply of some critical farm products which will help moderate the double-digit food inflation in coming weeks.' By adding further he said, 'food inflation has reached double digit which is a matter of concern. Definitely there is a seasonal factor, but apart from that seasonal factor, there are supply constraints in some critical agricultural products which we shall have to remove.'

The weekly food inflation entered into two digit mark after a gap of five months, and on the other hand monthly headline inflation for month of July stood at 9.22% from 9.44% in June. This elevated level of inflation has increased anxiety of another hike in policy rates by RBI in mid quarter monetary policy review scheduled on September 16.   The S&P CNX Nifty is currently trading at 4,985.35, lower by 54.65 points or 1.08%. The index has touched a high and low of 4,999.80 and 4,972.85 respectively. There were 16 stocks advancing against 34 declines on the index.

The top gainers of the Nifty were Hero Motorcorp up by 2.28%, Reliance Capital up by 2.01%, SAIL up by 1.73%, RCom up by 1.71% and Reliance Infra up by 1.41%.

On the flip side, Infosys down by 2.86%, Cairn India down by 2.79%, Reliance Industries down by 2.57%, HDFC down by 2.32% and Sterlite Industries down by 2.27%, were the major losers on the index.

All the Asian equity indices barring Jakarta Composite were trading in the red; Shanghai Composite down by 1.63%, Hang Seng was down by 2.17%, KLSE Composite was down by 0.22%, Nikkei 225 was down by 2.02%, Straits Times down by 2.80%, Seoul Composite down by3.77% and Taiwan Weighted was down by 2.63%.

On the flip side, Jakarta Composite up by 1.62% was the lone gainer among the Asian pack. 

#4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA).

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Indian benchmarks complete a hat-trick of gains; comprehensively outperform global peers

Indian frontline equity indices managed to extend the sanguinity on last trading day of the week and extended the winning streak for the third straight session. The climb of over three fourth of a percentage point for the benchmarks appeared even more prominent given the fact that the gains came on a day when equity indices around the world suffered heavy pounding as market participants continued to account for a disappointing US nonfarm payrolls figures scheduled to be announced later in the day amid signs that the US economy is losing momentum. The major Asian peers went through a turbulent day deposing well over a percent while European counterparts got lacerated by around two percent on fresh worries over the Greek sovereign debt crisis. On the domestic front, marketmen were busy analyzing an assortment of economic reports that came to the fore. Firstly the weekly inflation numbers failed to provide any kind of underpinning as food inflation, measured by WPI, stood at 10.05% for the week ended August 20 up from 9.80% in the previous week, which is likely to put the Indian central bank in a tight corner. However, fuel price index moderated to 12.55% from 13.13% in last week. India's financial position brought in more worry for policymakers as fiscal deficit crossed the half-way mark and shot up to 55.4% of the full year target to touch Rs 2,28,753 crore in the first four month of 2011-12. Furthermore, a survey of India's manufacturing PMI showed that manufacturing activity expanded at its slowest pace in more than two years as export orders contracted because of weakening global demand. Meanwhile, sentiments in local equity markets took support from the surprisingly encouraging performance of eight core infrastructure industries which showed good upmove in July 2011 and surged to 7.8% from 5.7% in the same period last year, on the back of healthy growth in steel, electricity and cement sectors. Meanwhile the shares of automobile and cement companies kept buzzing in the session as they released monthly sales numbers. Stock like Tata Motors, Mahindra and Mahindra, TVS Motors, Bajaj Auto, Ambuja Cement and ACC garnered a lot of traction and surged 1-4% post announcing good monthly sales numbers.

Earlier on Dalal Street, the benchmark got off to a gap up opening, shrugging the daunting sentiments prevailing in Asian markets ahead of the release of key jobs data from the United States. But hefty profit booking at higher levels led the frontline indices to immediately drift to lower levels. The key indices were swift enough to move back to around sessions' highs in late morning trades. But the attempt of frontline indices to climb to higher levels met with severe resistance around the psychological 5,050 (Nifty) and 16,900 (Sensex) levels in early afternoon trades as the optimism got tempered by discouraging European market opening. Just when it looked like the indices will not be able to forestall the decline and slip into the red terrain, the indices found support and speedily recovered. Finally the NSE's 50-share broadly followed index Nifty, accumulated over three fourth a percent to settle just below the crucial 5,050 support level while Bombay Stock Exchange's Sensitive Index, Sensex garnered around one hundred fifty points and ended above the psychological 16,800 mark. In the broader markets, the midcap index traded on an optimistic note through the session, but the smallcap indices failed to match the fervor displayed by their larger peers and settled on a flat note. On the BSE sectoral space, the metal counter remained amongst the favorites of the marketmen as it soared over two and half a percent, being the top gainer in the space followed by Consumer Durables and Oil and Gas pockets which amassed over two percent gains. The rate sensitive counters like Automobile and Realty too witnessed huge buying interests and rallied 2.09% and 1.73% in the session. On the other hand, the information technology pack witnessed a lot of selling pressure and languished at the bottom of the table with over a percent loss, tracking the global sell-off in technology shares post disappointing finish in the US session. The Capital Goods and Power sectors too remained among the worst performers in the session. The markets bounced on weaker volumes of around Rs 1 lakh crore while the turnover for NSE F&O segment too remained lower compared to Tuesday at over 0.83 lakh crore. The market breadth remained optimistic as there were 1660 shares on the gaining side against 1157 shares on the losing side while 121 shares remained unchanged.

Finally, the BSE Sensex gained 144.71 points or 0.87% to settle at 16,821.46, while the S&P CNX Nifty advanced by 39.00 points or 0.78% to close at 5,040.00.

The BSE Sensex touched a high and a low of 16,989.86 and 16,688.06 respectively. The BSE Mid cap and Small cap indices were up by 0.81% and 0.03% respectively.

The top gainers on the Sensex were DLF up 5.93%, Tata Steel up by 4.26%, Sterlite Industries up by 4.04%, Mahindra & Mahindra up by 3.87% and Bajaj Auto up by 3.21%.

On the flip side, Tata Power down 2.13%, TCS down 1.82%, BHEL down 1.74%, NTPC down 1.56% and Infosys down 1.16% were the top losers on the index.

The top gainers on the BSE sectoral space were, Metal up 2.75%, Consumer Durables (CD) up 2.19%, Oil & Gas up 2.16%, Auto up 2.09% and Reality up 1.73%. While IT down 1.31%, Power down 0.97%, TECk down by 0.53%, Consumer durables (CD) down by 0.14% were the top losers on the BSE sectoral space.

Meanwhile, India's manufacturing sector expanded at its slowest pace in more than two years as export order contracted because of weakening global demand, a survey of manufacturers in Asia's third largest economy showed. The HSBC Markit India Manufacturing Purchasing Managers' Index (PMI) declined to 52.6 in August from 53.6 July, this is the fourth month when India's manufacturing PMI moderated. However, India's manufacturing PMI is still above the 50 level which demarcates growth from contraction. India is among the few economies that showed growth, in a likewise surveys released on August 1, showed contraction in manufacturing activities in Britain, Euro Zone and China.

New export business received by manufacturers in India decreased markedly during August, with the rate of contraction one of the sharpest in the series history. Experts cited a softening in global economic conditions as the main contributor to the fall in new orders received from export markets. This contributed to a further slowdown in the growth rate of overall new work intakes, which was the weakest in the current 29-month sequence of expansion.

As per the survey, in the month of August, the employment in Indian manufacturing sector registered a marginal decline. The purchasing activities also showed moderation, and registered a 21-month slowest growth in August. Input price faced by manufacturers in India continued to increase significantly due to the surge in raw material prices. Output prices continued to rise at a historically marked rate, despite slowing marginally since July. 

While commenting on India Manufacturing PMI survey, Leif Eskesen, Chief Economist for India & ASEAN at HSBC said, 'the growth momentum in India's manufacturing sector eased further in August. The main driver of the weaker reading was a significant contraction in export orders, which are facing stiff global economic headwinds. In turn, this moderated the sequential growth rate of output and pulled down some of the other sub-indices. However, inflation pressures remain elevated, with input prices accelerating and output prices still trekking up, albeit at a marginally slower pace. Overall, the numbers suggest moderation rather than a collapse in growth, and they confirm that inflation remains the primary policy concern.'

The headline inflation measured by Wholesale Price Index has been hovering around double digit mark. In July headline inflation stood at 9.22% from 9.44% in June. On the other hand the RBI has maintained its anti inflationary stance from almost one and half year, and in quarterly monetary policy review it increased its short term leading and borrowing rates by 50 basis points. The RBI's anti inflationary policy stance had affected country's economic growth. Indian economy grew 7.7% in the three months to June from a year earlier, its slowest pace in six quarters. India's manufacturing sector grew 7.2% in April-June from a year earlier, an improvement from the previous quarter but below the 10.6% growth clocked a year earlier, although the services sector continued to perform well and demand from rural consumers remains robust.

The S&P CNX Nifty touched high and low of 5,113.70 and 4,993.35, respectively.

The top gainers of the Nifty were Reliance Capital up 7.50%, RCOM up 6.85%, DLF up 6.68%, Tata Steel up 5.11% and Sterlite Industries up 4.24%.

On the flip side, HCL Tech down 3.39%, IDFC down 3.25%, Siemens down 2.14%, Tata Power down 2.05% and TCS down 1.76% were the top losers on the index.

The European markets were trading in red. France's CAC 40 plunged by 2.55%, Britain's FTSE 100 declined by 1.91% and Germany's DAX lost by 2.78%.

After four days of rally, all the Asian equity indices barring KLSE Composite finished the day's trade in the negative terrain on last trading day of the week as profit-booking emerged after four straight days of gains. While, drop in US shares ahead of a key jobs report too dampened the sentiments in the region. Meanwhile, Japanese Nikkei declined by 1.21 percent in the trade on news that capital investment in Japan for the April-June quarter was down 7.8% from a year earlier while, Chinese Shanghai fell a percent, with bank shares falling on worries Beijing will tighten credit even more after its recent move to effectively increase the amount banks must hold in reserve. However, the stock markets in Indonesia remained closed for Idul Fitri holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,528.28	-27.76	-1.09
Hang Seng	20,212.91	-372.42	-1.81
KLSE Composite	1,474.09	26.82	1.85
Nikkei 225	8,950.74	-110.06	-1.21
Straits Times	2,843.09	-24.09	-0.84
Seoul Composite	1,867.75	-12.95	-0.69
Taiwan Weighted	7,757.06	-0.70	-0.01
Jakarta Composite	-	-	-

 

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Indian equities come off session’s highs on European markets’ daunting opening

The optimism in Indian equity markets got tempered in afternoon trades on Friday and the frontline indices came off to some extent from the intraday highs as optimism got tempered by discouraging European market opening. The attempt of frontline indices to climb to higher levels met with severe resistance around the psychological 5,050 (Nifty) and 16,900 (Sensex) levels in early afternoon trades as major European indices traded with large cuts in the range of 1-2% following losses on Wall Street and in major Asia peers, as market participants awaited the release of US nonfarm payrolls figures amid signs that the US economy is losing momentum. Nevertheless, domestic benchmarks are trading with good amount of gains on a day when equity markets across the globe are reeling under the hefty selling pressure with notable losses. On the BSE Sectoral front, the metal counter remained amongst the favorites of the marketmen as it soared over two percent, being the top gainer in the space followed by Oil and Gas and Consumer Durables pockets which amassed 1.94% and 1.47% gains. On the other hand, the information technology pack witnessed a lot of selling pressure and languished at the bottom of the table with over a percent loss, tracking the global sell-off in technology shares post disappointing finish in the US session. The capital goods and Power sectors too remained amid the worst performers in the session. Meanwhile the shares of automobile and cement companies kept buzzing in the session as they released monthly sales numbers. Stock like Tata Motors, Mahindra and Mahindra, TVS Motors and ACC garnered a lot of traction and surged 1-3.5% post announcing good monthly sales numbers.

Moreover, the broader markets too lost a lot of ground from the high point of the day but held their head above the water with marginal gains. The bourses climbed on good volumes while the market breadth on BSE was in favor of advances in the ratio of 1581:1004 while 104 scrips remained unchanged.

The BSE Sensex is currently trading at 16,794.22 up by 117.47 points or 0.70% after trading as high as 16,989.86 and as low as 16,704.71. There were 21 stocks advancing against 9 declines on the index.

The broader indices were trading on a positive note; the BSE Mid cap index gained 0.46% and Small cap rose 0.07% respectively.

On the BSE sectoral space, Metal up 2.09%, Oil & Gas up 1.94%, Consumer Durables up 1.47%, Auto up 1.38% and Realty up 1.06% were the major gainers while IT down 1.19%, Power down 0.76%, TECk down 0.52% and CG down 0.46% were the only losers on the index.

Sterlite Industries up 4.08%, M&M up 3.42%, RIL up 2.85%, Tata Steel up 2.58% and DLF up 2.34% were the major gainers on the Sensex, while BHEL down by 1.91%, Maruti Suzuki down 1.68%, Tata Power down 1.56%, TCS down 1.31% and Infosys down 1.16% were the major losers on the index.

Meanwhile, government may introduce the much awaited Land Acquisition, Rehabilitation and Resettlement Bill 2011, in this monsoon session of parliament as Union Cabinet is expected to approve the draft bill by next week. To speed up the clearance process, Minister of Rural Development Jairam Ramesh met nine cabinet ministers to finalize the draft bill. The cabinet is expected to meet on September 5, to discuss the bill.

As per the rural development ministry official, the government has expedited the process to get the land acquisition bill cleared. It is likely to be tabled in this session and be cleared in the winter session.' After being tabled in parliament, the land acquisition bill is likely to be referred to the parliamentary standing committee.  Presently, the land acquisition is governed by an old legislation passed in 1894. As of now there is no central legislation to mandate compensation norms.

In recent times, the issue of land acquisition gained importance after farmers' stiff protest against the land acquisition for development purposes. The new draft land acquisition bill proposed by the ministry of rural development, has been heavily favoring farmers and land owners, by introducing clause to ensure high compensation for land owners. Besides, the proposed compensation norms mentioned in the draft bill would be applicable to both government and industry agencies, who will acquire land for development purposes.

The draft bill also mandates 80% consensus of the project-affected people for land acquisition by government and private agencies. Land buyers will have to shell out up to twice the registration of stamp duty value of land in urban areas and up to six times in case of rural areas.

The draft bill proposal also includes a subsistence allowance of Rs 3,000 per family for a year and an annuity of Rs 2,000 per family per month for 20 years. Along with this, land owner will get 20% of the appreciation in value of their land every time their land changes hands for 10 years. The proposed bill also contains employment provisions.

For the loss of irrigated land, the draft bill, recommends an acre of irrigated land will have to be provided as compensation over and above annuity. For tribals, draft bill had made special proposition, which will get additional 5 acres of land in case of loss of irrigated land. The proposed bill by the rural development ministry, also seeks to make compensation for people whose livelihoods depends on the land being acquired.

The S&P CNX Nifty is currently trading at 5,030.40, higher by 29.40 points or 0.59% after trading as high as 5,113.70 and as low as 5,006.90. There were 31 stocks advancing against 19 declines on the index.

The top gainers of the Nifty were Sterlite up 4.39%, R Com up by 4.27%, M&M up 3.73%, Ambuja Cement up 3.68%, and Tata Steel up 2.93%.

HCL Tech down 3.87%, IDFC down 2.41%, BHEL down 2.06%, Siemens down 1.84% and Tata Power down 1.79% were the major losers on the index.

Asian markets traded on a pessimistic note, Shanghai Composite declined 0.85%, Hang Seng plunged 1.15%, Nikkei 225 plummeted 1.21%, Straits Times declined 0.60%, Seoul Composite slipped 0.69% and Taiwan Weighted eased 0.01%.

On the other hand, KLSE Composite jumped 1.91%.

The stock markets in Indonesia too remained closed in observance of Idul Fitri holiday.

The European markets traded on pessimistic note as France's CAC 40 plummeted 1.51%, Germany's DAX got pounded 2.01% and Britain's FTSE 100 plunged 1.19%. 

#4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA).

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Markets continue positive rally; Nifty touches 5,050 level

The Indian equity market carried on with its positive rally on further buying across index heavyweights in the late morning trades. Investors tried to match up with the Asian peers which had sound gains in last two sessions, when Indian markets remained closed for public holidays. However, Nifty crossed 5,050 levels, while Sensex holding 16,800 levels. On sectoral front oil, metal, consumer durables, reality, automobile, healthcare, and FMCG stocks were trading in positive zone. Bank and FMCG stocks are trading mixed. Information technology, TECk and power stocks were trading weak. Reliance Communications topped the gainers list on Nifty by gaining 5.91% followed by Sterlite Industries. Tata Motors, M&M and Bajaj Auto surged 1-3%. Maruti lost over 1% due to workers' strike at company's Manesar plant. On the global front, most of the Asian markets were trading in red after low expectations from key jobs data dragged down Wall Street overnight. Back home, the market breadth favoring the positive trend; there were 1,547 shares on the gaining side against 878 shares on the losing side while 110 shares remained unchanged.

The BSE Sensex is currently trading at 16,852.37, up by 175.62 points or 1.05%. The index has touched a high and low of 16,989.86 and 16,704.71 respectively. There were 24 stocks advancing against 6 declining ones on the index.

The broader indices too gained some weight after flat start; the BSE Mid cap and Small cap indices rose 0.86% and 0.18% respectively.

The top gaining sectoral indices on the BSE were, Oil & Gas up by 2.35%, Metal up by 2.14%, CD up by 1.84%, Reality up by 1.71% and Auto up by 1.65%. While, IT down 0.90%, TECk down by 0.13%, Power down by 0.08% were the top losers on the index.

The top gainers on the Sensex were Sterlite Industries up by 4.20%, M&M up by 3.32%, RIL up by 3.08%, Hindalco Industries up by 2.99% and Sun Pharma up by 2.90%. On the flip side, Tata Power down by 1.56%, Maruti Suzuki down by 1.41%, TCS down by 1.08%, Infosys up by 1.05% and BHEL down by 1.02% were the top losers on the Sensex.

Meanwhile, despite the uncertainties in United States and European nations, India's export in July jumped by 81.79% to $29.3 billion year-on-year compared to $16.14 billion in July 2010. On the other hand, in July imports also surged by 51.5% to $40.4 billion year-on-year, whereas it was around $26.6 billion in the same period of last financial year. As a result, India's trade deficit stood at $11 billion.

As per the Ministry of Commerce & Industry data, during the first four months of current financial year, India's exports increased by 53.98% to $108.34 billion from $70.36 billion in the corresponding period last year. However, imports in the same period of time, increased by 40% to $151 billion from $107.88 billion in April-July 2010. As a result, trade deficit for the April-July 2011 stood at $42.6 billion.

As per the Commerce Ministry statement, exports of engineering, petroleum products and gems and jewelery were worth $8.7 billion, $4.6 billion and $3.5 billion respectively. In July 2011, India's oil imports surged by 37.02% to $11.4 billion from $8.35 billion in July 2010. Whereas non-oil imports increased by 58.12% to $28.98 billion from $18.32 billion in July 2010. In the April-July 2011, India's oil import increased by 22.72% to $41.97 billion and non-oil imports increased by 48.03% to $109.06 billion.

However, this robust growth in India's export is unlikely to sustain its growth rate in coming months because of uncertainties in US and European nations. The uncertainties in US and Europe is expected to have adverse impact on the global demand, as together, these countries account for 35% of India's total exports. 

The S&P CNX Nifty is currently trading at 5,050.50, higher by 49.50 points or 0.99%.  The index has touched a high and low of 5,113.70 and 5,006.90 respectively. There were 35 stocks advancing against 15 declining ones on the index.

The top gainers of the Nifty were RCOM up by 5.91%, Sterlite Industries up by 4.70%, M&M up by 3.47%, Reliance up by 3.18% and Ambuja Cement up by 3.12%. On the flip side, HCL Tech down by 3.13%, Tata Power down by 1.58%, TCS down by 1.32%, Maruti Suzuki down by 1.27% and Grasim down by 1.17% were the top losers on the index.

Most of the Asian equity indices were trading in the red; Shanghai Composite was down by 1.12% Hang Seng by 1.43%, Nikkei 225 was down by 1.07%, Straits Times was down by 0.84%, Seoul Composite was down by 0.62% and Taiwan Weighted was down by 0.01%

On the flip side, KLSE Composite up by 1.62% was the lone gainer amongst the Asian pack. 

#4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA).

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Indian equities outperform global markets; Weekly inflation data overlooked

Local equities after opening in high spirits post the two day's holiday have almost doubled its gains despite daunting global set-up as pessimist investors shrugging the weekly food inflation data have grabbed equities ahead of the weekend. India's weekly food inflation, measured by Wholesale Price Index (WPI) has stood at 10.05% for the week ended August 20 up from 9.80% in the previous week. Resumption of buying by foreign funds coupled with the surge of the index heavyweights like that of Reliance Industries, Infosys, ICICI Bank, ITC and Larsen & Toubro has mainly heartened the sentiment at Dalal Street.  On the global front, Asian equity indices are bleeding in red tailing pattern of trade at Wall Street. Wall Street's four-day rally grounded to a halt on Thursday as investors turned cautious ahead of a key labor market report expected to underscore fears the economy is headed for another recession. Meanwhile, US stock futures are showing a downtick in the screen trade. Back home, on the BSE sectoral front, stocks from Metal, Oil & Gas and Consumer Durable counters are supporting the outperformance of the Indian equity market, while stocks from Information Technologies, TECk and Capital Goods counters are capping the further upside of Dalal Street. The 30 scrip sensitive index on BSE-Sensex-have captured over 150 points and are currently trading over the 16800 level, while the broadly followed 50 share index -Nifty-also clutching in gains close to 50 points are currently trading over 5000 mark. The broader indices also drawing cues from the larger counterparts are ruling up over 0.20% each. The overall market breadth on BSE is in the favour of advances which have outpaced declines in the ratio of 1369: 786, while 75 shares remained unchanged.

The BSE Sensex is currently trading at 16,845.08, up by 168.33 points or 1.01%.  The index has touched a high and low of 16,989.86 and 16,704.71 respectively. There were 25 stocks advancing against 5 declining one's the index.

The broader indices too gained some weight after flat start; the BSE Mid cap and Small cap indices rose 0.76% and 0.19% respectively.

The top gaining sectoral indices on the BSE were, Metal up by 2.29%, Oil & Gas up by 2.16%, CD up by 1.59%, Auto up by 1.43%, HC up by 1.34% and FMCG was up by 0.88%. While, IT down 0.86%, TECk down by 0.17%, CG down by 0.07% were the top losers on the index.

The top gainers on the Sensex were Sterlite Industries up by 3.61%, Jindal Steel up by 3.51%, RIL up by 3.02%, M&M up by 2.64% and Sun Pharma up by 2.45%. On the flip side, TCS down by 1.02%, Tata Power down by 0.87%, Infosys down by 0.86%, BHEL and Maruti Suzuki down by 0.78% were the top losers on the Sensex.

Meanwhile, India's weekly food inflation, measured by Wholesale Price Index (WPI), stood at 10.05% for the week ended August 20 up from 9.80% in the previous week. The surge in food inflation is due to the increase in prices of onion, fruits, vegetables and protein-based items. This hike in food inflation is expected to put more pressure on the government and the RBI. However, for the week ended on August 20, fuel price index moderated to 12.55% from 13.13% of last week.

As per the data released by Ministry of Commerce and Industry, the index for `Food Articles` group rose by 1.2% to 195.0 (Provisional) from 192.7 (Provisional) for the previous week due to higher prices of poultry chicken (5%), fruits and vegetables and fish-inland (3% each), ragi, jowar, egg and gram (2% each) and fish-marine, moong, pork and bajra (1% each). However, the prices of barley (1%) declined.

The index for 'Non-Food Articles' group remained unchanged at its previous week's level of 181.3 (Provisional). The items for which the index showed variations are raw cotton (+4%), coir fibre (+3%), groundnut seed, gingelly seed and fodder (+2% each) and raw silk (+1%). Flowers (-11%), sunflower (-4%), raw rubber and gaur seed (-3% each) and castor seed and soyabean (-2% each).

The index for `Minerals` group rose by 3.1% to 310.8 (Provisional) from 301.6 (Provisional) for the previous week due to higher prices of copper ore (34%), limestone (19%), zinc concentrate (18%), steatite (9%), dolomite and bauxite (7% each) and chromite (2%). However, the prices of magnesite (25%), barytes (22%) and sillimanite (10%) declined.

As a result, the index for primary articles group which has the highest weightage of 20.12% in WPI rose by 1.2% to 200.9 (Provisional) from 198.5 (Provisional) for the previous week. The annual rate of inflation, calculated on point to point basis, stood at 12.93% (Provisional) for the week ended August 20 as compared to 12.40% (Provisional) for the previous week. 

Meanwhile, the index for Fuel and Power group which has the weightage of 14.91% in WPI, declined by 0.2% to 166.8 (Provisional) from 167.2 (Provisional) for the previous week due to lower prices of light diesel oil (3%), aviation turbine fuel and naphta (2% each) and furnace oil (1%). However, the price of bitumen (1%) moved up.

The weekly food inflation has entered into double digit after the gap of five months, despite the anti inflationary stance adopted by the RBI. This surge in food inflation has increased concerns for the government. The finance minister Pranab Mukherjee has termed this surge as disturbing. He said 'Food inflation has gone up... This is really disturbing. We shall have to ensure and remove the supply constraints on food items.'

The S&P CNX Nifty is currently trading at 5,045.25, higher by 44.25 points or 0.88%.  The index has touched a high and low of 5,113.70 and 5,006.90 respectively. There were 36 stocks advancing against 14 declining one's on the index.

The top gainers of the Nifty were Sterlite Industries up by 3.93%, Jindal Steel up by 3.475, Reliance Industries up by 2.95%, M&M up by 2.73% and Ambuja Cement up by 2.67%. On the flip side, HCL Tech down by 2.40%, TCS down by 1.32%, Tata Power down by 1.26%, Infosys down by 0.95% and IDFC down by 0.83% were the top losers on the index.

Most of the Asian equity indices were trading in the red; Shanghai Composite was down by 1.29% Hang Seng by 1.32%, Nikkei 225 was down by 0.80%, Straits Times was down by 0.47%, Seoul Composite was down by 0.56% and Taiwan Weighted was down by 0.17%

On the flip side, KLSE Composite up by 1.62% was the lone gainer amongst the Asian pack. 

#4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA).

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Benchmarks pare gains after a gap up start

The Indian equity markets have made a gap up start shrugging off weak global cues as it resumed trading after a two-day holiday break. But, pared most of its early gains on the back of profit booking aimed downtrend in global equity indices ahead of US key job report. Though, the US markets lost momentum in last session breaking their four days long gaining streak while, most of the Asian counterparts were trading in the negative terrain at this point of time. Back home, the country's Exports surged by 82% to $29.3 billion year-on-year in July, notwithstanding problems in the US and Europe. On the sectoral front consumer durables witnessed the maximum gain in trade followed by oil and gas and auto while, realty, technology and capital goods remained the top losers on the BSE sectoral space. Meanwhile, the Met department has reported that, India's monsoon rains were 18 percent above normal in the week to August 31, improving from 8 percent below normal in the previous week. The broader indices were trading on a flat note at this point of time. The market breadth on the BSE was positive; there were 1,054 shares on the gaining side against 690 shares on the losing side while 92 shares remained unchanged.

The BSE Sensex opened at 16,963.67 about 287 points higher compared to its previous closing of 16,676.75, and has touched a high and a low of 16,989.86 and 16,704.71 respectively.

The index is currently trading at 16,740.02, up by 63.27 points or 0.38%. There were 18 stocks advancing against 12 declines on the index.

The overall market breadth has made a strong start with 57.41% stocks advancing against 37.58% declines. The broader indices were trading near their neutral lines; the BSE Mid cap and Small cap indices rose 0.08% and 0.05% respectively.

The top gaining sectoral indices on the BSE were, CD up by 1.84%, Oil and Gas up by 1.28%, Auto up by 1.10%, HC up by 0.97% and FMCG was up by 0.88%. While, Realty down by 1.33%, IT down by 1.16%, CG down by 0.67%, TECk down by 0.49%  and Power down by 0.16% were the top losers on the index.

The top gainers on the Sensex were Sun Pharma up by 2.59%, M&M up by 2.37%, Sterlite Industries up by 1.90%, Hero Motocorp up by 1.56% and Bharti Airtel was up by 1.52%.

On the flip side, DLF was down by 2.14%, TCS was down by 1.60%, Jaiprakash Associates was down by 1.55%, Infosys was down by 1.51% and BHEL was down by 1.40% were the top losers on the Sensex.

Meanwhile, with a view to strengthen the regulatory and supervisory structure of non-banking financial companies (NBFCs), the Reserve Bank of India's (RBI) working group headed by former RBI Deputy Governor Usha Thorat has recommended new regulations for NBFCs. The working group of RBI has recommended that 'any transfer of shareholding, direct or indirect, of 25% and above, change in control, merger or acquisition of any registered NBFC should have prior approval of the RBI.

The NBFC is a non banking institution involved in the business of receiving deposits or lending to various classes of consumers. All the NBFCs which raise funds from public are required to register with the central bank. Reliance Capital, Bajaj Finance and Shriram Transport Finance are some of the well known NBFCs.

The proposed guideline also recommended that the RBI should register only those NBFCs which have minimum asset size more than Rs 50 crore, whereas NBFCs which are not raising funds from the public may be exempted from registration only if their asset is less than Rs 1,000 crore. It also suggested that the NBFCs have to maintain certain liquidity ratios like cash, bank balance and holding of government securities fully cover the gaps, if any, between cumulative outflows and cumulative inflows for first 30 days.

The working group also recommended introducing asset classification and provisioning norms for NBFCs in phases similar to banks. It also recommended bringing in suitable income tax deduction and accounting norms similar to banks. The group also proposed to improve a host of disclosure and risk management norms for NBFCs.

The S&P CNX Nifty opened at 5,109.80; about 108 points higher compared to its previous closing of 5,001.00, and has touched a high and a low of 5,113.70 and 5,006.90 respectively.

The index is currently trading at 5,019, higher by 18.75 points or 0.37%. There were 29 stocks advancing against 21 declines on the index.

The top gainers of the Nifty were M&M up by 2.20%, Ambuja Cement up by 2.14%, Reliance up by 1.63%, Tata Motors up by 1.62% and Ranbaxy up by 1.56%.

On the flip side, HCL Tech down by 3.91%, Sesa Goa down by 2.37%, DLF down by 2.03%, IDFC down by 2.02% and Jaiprakash Associates down by 1.55%, were the major losers on the index.

Most of the Asian equity indices were trading in the red; Shanghai Composite was down 32.74 points or 1.28% to 2,523.30, Hang Seng was down 271.34 points or 1.32% to 20,313.99, Nikkei 225 was down 120.00 points or 1.32% to 8,940.80, Straits Times was down 16.99 points or 0.59% to 2,850.19, Seoul Composite was down 10.10 points or 0.54% to 1,870.60 and Taiwan Weighted was down by 4.81 points or 0.06% to 7,752.95.

On the flip side, KLSE Composite was up by 23.38 points or 1.62% to 1,470.65.

#4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA).

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