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Monday, August 5, 2024

Meaning of stock market crash

Meaning of stock market crash

5% Fall : Pullback
10% Fall : Correction
20% Fall : Bear Market
>30% Fall : Crash
>50% Fall : Recession 

So right now Indian Market has not even reached PULLBACK. 

US Market (Nasdaq) has entered CORRECTION. 

Japan’s (Nikkei) Market has entered BEAR MARKET.

Fall from All Time High

Fall from All Time High: 

*Autralia*
 8375 High, 
Today close 7859 
Fallen by 6.3%.

*Taiwan* 
24416 High, 
Today close 19830 
Fell 20%

*Korea* 2896 High, 
Today close 2441 
Fell 16%

*Singapore* 3509 High, Today close 3243 
Fell 8%

*Honkong* 19700 High Today close 16700 
Fell 15%

*India* 
25070 High 
Today close 24070 
Fell 4% - *Lowest*

*Japan* 42426 High Todays close 31426 
Fell 25% - *Highest*

Economic Calendar – 05.08.2024

*Economic Calendar* – 05.08.2024


10:30 INDIA Service PMI (Expected: 61.6 versus Previous: 60.5)

13:30 EURO Final Services PMI (Expected: 51.9 versus Previous: 51.9)

14:00 U.K. Final Services PMI (Expected: 0.3% versus Previous: 0.3%)

*19:30 U.S. Final Services PMI (Expected: 51.3 versus Previous: 48.8)*

News Headlines from Business News Agencies

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Bharat Coking Coal pays first-ever Rs 44 crore dividend to Coal India
📝 Omkara ARC emerges as winning bidder for SASF's Rs 6,151 cr NPA portfolio
📝 Hinduja group did not deposit funds for RCap acquisition: Administrator
📝 Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore
📝 SBI Q1 net profit rises 0.9% to Rs 17,035 cr, NII up 5.7% at Rs 41,125.5 cr
📝 Junk papers share of total bonds value at 20-month high in July
📝 Ford may re-enter India after 2021 exit as western markets face speed bumps
📝 Sovereign gold bond redemption value falls over 4% on Budget duty cut
📝 RBI intervenes as rupee falls to new low; hits 83.76 against US dollar
📝 Oil prices settle at 8-month low after disappointing US job numbers
📝 Forex reserves decline by $3.47 bn to $667.386 bn, shows RBI data
📝 JPMorgan to closely monitor Indian bond liquidity after investor curbs
📝 Sebi looks to boost capital raising, plans to streamline IPO filing
📝 Resolutions under Insolvency and Bankruptcy Code highest in FY24: Crisil
📝 Record 72.8 million ITRs filed till Jul 31 deadline, says I-T department

*Economic Times*

📝 FPIs begin August as net sellers, offload Indian equities worth Rs 1,027 crore in two sessions
📝 BSNL subscribers on rise, homegrown 4G network ready, says Jyotiraditya Scindia
📝 Finmin asks state-owned general insurance companies to focus on profitable businesses
📝 Numaligarh Refinery's expansion will augment crude refining capacity: Hardeep Puri
📝 Innovation to propel Assam into global electronics supply chain: Tata Sons chairman N Chandrasekaran
📝 RBI has agreed to Tata Sons' restructuring plan, which exempts the holding company from mandatory stock exchange listing.
📝 Jaypee Group taps global credit funds for Rs 10k crore to bail out flagship firm
📝 Aurm to set up safe deposit facilities with 5000 lockers in FY24
📝 India ranks 5th in Asia-Pacific cross-border realty investments, draws $3 bln in H1
📝 PHDCCI names Ranjeet Mehta as CEO, secretary general
📝 OPEC+ sticks to policy of unwinding output cuts, plans to reduce cuts from October.
📝 India's dairy sector expected to clock 13-14 pc revenue growth this year on strong demand

*Mint*

📝 Nvidia’s new AI chip delayed due to design flaws, says report
📝 Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18
📝 Fratelli Vineyards to debut on exchanges, aims to become ₹650-cr biz by 2028
📝 SBI to maintain net interest margin at 3.2-3.4%, keep an eye on deposit costs
📝 SBI Q1: Board approves fundraising of up to ₹25,000 crore via bonds in FY25
📝 NTPC, Nuclear Power Corp. to start project by March, spending ₹50,000 crore
📝 Goa, India's hottest beach destination, emerges a luxury real estate hotspot
📝 Maruti Suzuki will continue efforts in low-cost car segment for budget buyers
📝 Intel records $1.6 billion Q2 net loss; shares plunge 26% over growth forecasts
📝 Myntra’s Nandita Sinha gets additional responsibility to lead Flipkart Fashion
📝 HZL seeks Indian partner to set up manufacturing plant for zinc-based batteries
📝 Reliance Capital lenders accuse IIHL of non-compliance, company denies claims
📝 Brazil Central Bank Tightens Rules for Meetings With Outside Institutions
📝 Delhivery to launch dark store network for rapid e-commerce deliveries

Saturday, August 3, 2024

WHAT HAPPENED OVERNIGHT

*WHAT HAPPENED OVERNIGHT*

-> US jobs scare triggered multi-sigma moves !

-> SPX -1.84%, Nasdaq -2.43%, Russell 2000 -3.52%

-> UST 2y yield lost 26 bps to 3.87%

-> VIX climbed up to 28

-> Dollar Index -1.16% to 103.21

-> Fed cut pricing soars after jobs

-> Brent Oil -2.8% to $77.27/bbl

-> Fedspeak, initial jobless claims, ISM services employment data next week

Friday, August 2, 2024

TATA MOTORS

TATA MOTORS: Q1 CONS NET PROFIT 55.66B RUPEES VS 32.03B (YOY); 174.07B (QOQ)

TATA MOTORS: Q1 REVENUE 1.08T RUPEES VS 1.02T (YOY); 1.19T (QOQ)

TATA MOTORS: Q1 EBITDA 157.85B RUPEES VS 132.17B (YOY) || Q1 EBITDA MARGIN 14.61% VS 12.93% (YOY)

TATA MOTORS: CO HAS AN EXCEPTIONAL ITEM OF LOSS 430M RUPEES || Q1 PBT 86.98B RUPEES VS 53.30B (YOY) 

TATA MOTORS: JLR LIKELY TO WITNESS CONSTRAINED PRODUCTION IN Q2 AND Q3 || JLR CONSTRAINED PRODUCTION DUE TO ANNUAL SUMMER PLANT SHUTDOWN

TATA MOTORS: CO SAYS GLOBAL DEMAND IS LIKELY TO REMAIN MUTED EXPECT GRADUAL IMPROVEMENT IN DOMESTIC DEMAND DURING REST OF YEAR EXPECT TO PICK-UP PV DEMAND DURING FESTIVE PERIOD

TATA MOTORS: JLR INCREASES INVESTMENT FROM £15 BILLION TO £18 BILLION OVER FIVE YEARS

TATA MOTORS: CO SAYS DEMERGER OF COMPANY'S COMMERCIAL VEHICLES BUSINESS FROM TML TO TMLCV || MERGER OF TMPV UNDERTAKING PASSENGER VEHICLES BUSINESS WITH TML

TATA MOTORS: CO SAYS DEMERGER OF CV BUSINESS UNDERTAKING OF TATA MOTORS INTO SEPARATE LISTED COMPANY || SHARE ENTITLEMENT RATIO WILL BE 1:1

TATA MOTORS: CO SAYS DEMERGER OF CV BUSINESS CAN TAKE AROUND 12-15 MONTHS TO COMPLETE

WHAT HAPPENED OVERNIGHT

*WHAT HAPPENED OVERNIGHT*

-> SPX -1.37%, Nasdaq -2.30%, Russell 2000 -3.25%

-> UST 10y yield lost 6 bps to 3.97%

-> Dollar Index rises to around 104.34

-> US initial jobless claims soar to 249k, much higher than expected & prior

-> US ISM employment subcomponent fell to 43.3, down to 2020 lows !

-> US jobs data tonight will closely watched

-> Oil down 0.7% to $80.15/bbl

Advisor is online 02/08/2024

Advisory: Good Morning.
Advisory: Advisor is online.
Kindly post your query as and when they arise.
GIFT Nifty: 24800
Advisory: Market Pre-opening
Advisory: Support / Resistance : Intraday

Nifty Futures :
S1 - 24700 S2 - 24600
R1 - 25100 R2 - 25200

BankNifty Futures :
S1 - 51500 S2 - 51200
R1 - 52000 R2 - 52300

FinNifty Futures :
S1 - 23450 S2 - 23350
R1 - 23650 R2 - 23750

MIDCPNIFTY :
S1 - 12750 S2 - 12650
R1 - 12950 R2 - 13050

S&P BSESENSX :
S1 - 81650 S2 - 81350
R1 - 82100 R2 - 82400

Nifty Highest Open Interest (8th Aug Weekly expiry) : Call: 26000 / Put : 24000.

FII DATA as on 01/08/202

*FII DATA
as on 01/08/2024
(fig in crores) Cash Market
FII Net 2,089.28
FII Buy 17,860.22 
FII Sell 15,770.94           

Advisory: India Vix : `12.93

FIIs were net buyers in the cash market segment, as they bought stocks worth Rs. 2089 crore. In the Index futures segment, they bought worth Rs. 1390 crores, with rise in OI, suggesting long formation. In the derivatives segment, we observed the addition of mixed bets in key indices. For the upcoming weekly series, the 25,000 strike prices for both call and put options have accumulated a significant position and currently exhibit the highest open interest concentration. This suggests a potential increase in volatility in the coming sessions. Foreign Institutional Investors (FIIs) have become net buyers in both equities and the index futures segment. Given the market's inherent strength and the fact that any dips are being bought into, but at the same time momentum at these elevated levels is notably lacking, which is not particularly encouraging. For now, it is advisable to avoid aggressive long positions and focus on individual stocks.

Economic Calendar – 02.08.2024

*Economic Calendar – 02.08.2024*


*18:00 U.S. Non-Farm Employment Change (Expected: 176K versus Previous: 206K)*

*18:00 U.S. Unemployment Rate (Expected: 4.1% versus Previous: 4.1%)*

*18:00 U.S. Average Hourly Earnings m/m (Expected: 0.3% versus Previous: 0.3%)*

19:30 U.S. Factory Orders m/m (Expected: -2.7% versus Previous: -0.5%)

Wednesday, July 31, 2024

News Headlines from Business News Agencies

*News Headlines from Business News Agencies:*

*Business Standard*

📝 India's gold demand drops 5% in June quarter; up 14% in value term: Report
📝 Pfizer raises annual profit forecast on strong sales of cancer, heart drugs 
📝 Indian Oil Q1FY25 results: PAT plunges 81% to Rs 2,643 cr on low margins
📝 India is one of the fastest growing markets globally: Samsung CEO Han
📝 Flipkart Pay merges all payments, fintech offerings into unified interface
📝 SBI raises $750 mn via offshore term loan facility for deployment of funds
📝 Since Japan launch, Honda Elevate exports nearly double of India sales
📝 ADB to give $200 mn loan to India for solid waste management in 100 cities
📝 Dunzo co-founder Mukund Jha in talks to raise Rs 50-80 cr for new startup
📝 Daimler India to offer vehicle financing solutions with Bajaj Finance
📝 Amid US scrutiny Alaska extends period for Hawaiian Airlines acquisition
📝 Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan

*Economic Times*

📝 Indian space tech startups secured $126 million funding in 2023, up 7% from 2022: report
📝 Legal tech company DecoverAI raises $2 million in funding round led by Leo Capital
📝 Standard Chartered's India profit steady at $204 million amid rising income
📝 FTA review talks with Japan, Korea, Asean moving slow, but India pursuing: Piyush Goyal
📝 Nexus Select Trust says 5 assets under acquisition, discussions on for 5 more
📝 Torrent Power Q1 Results: Profit jumps 87% YoY to Rs 996 cr
📝 Office space leasing expected to cross 60 million sq ft in 2024
📝 EaseMyTrip to hire 500 interns in next 3-6 months: CEO Nishant Pitti
📝 GST worries for Rapido; Byju’s-BCCI spat nearing settlement
📝 Vivo working with over 30 local component suppliers for its smartphones
📝 Amazon responsible for hazardous products sold by third-party sellers on platform, CPSC says

*Mint*

📝 US specialty chemicals maker Lubrizol to invest $200 million in new India plant
📝 ONGC Videsh seeks US exemption for its oil-for-dividends Venezuela plan
📝 Power Grid Corp projects capex guidance of over ₹2 lakh crore by 2032
📝 Bankruptcy court orders liquidation of Future Retail as resolution eludes
📝 Fortum to sell majority stakes in renewable, EV charging businesses in India
📝 Dixon Tech Q1 results: Net profit rises 94.2% to ₹133.68 crore, revenue rises
📝 Colgate’s valuations get richer after top class performance in Q1
📝 Bankruptcy rescues keep up faster pace in June quarter
📝 Qualcomm's new chip to push 5G phone prices to below ₹8,000: India president
📝 New India Assurance to raise health insurance prices by up to 10%: Report
📝 Blackstone makes move into Indian snacks market with 51% stake in Haldiram’s

Today is the last date to file your Income Tax Returns

Today is the last date to file your Income Tax Returns

Consequences of not filing your Income Tax Return before Due Date u/s 139(1):

- Cannot file ITR under Old Regime

- Late Fee of ₹1,000 if Total Income is upto ₹5,00,000

- Late Fee of ₹5,000 if Total Income is above ₹5,00,000

- Losses, if any, cannot be carried forward if filed after due date u/s 139(1)


10 Benefits of Filing Tax Returns Even if you are not liable to File ITR

*📮10 Benefits of Filing Tax Returns Even if you are not liable to File ITR* 🤘🤘🤘

1) Easy Loan Approval 

Filing your ITR can be beneficial when applying for various loans such as vehicle loans (2-wheelers or 4-wheelers) or home loans. Major banks often require a copy of your tax returns as proof of your income statement. This is a mandatory document for loan approval.  

2) Quick Visa Processing 

When applying for a visa, most embassies and consultants require copies of your tax returns from the past couple of years. These documents are among the mandatory requirements. Therefore, it is advisable to file your ITR on time.  

3) Carry Forward Your Losses 

By filing your return within the original due date, you can carry forward losses to subsequent years. These losses can be offset against the income of future years, thereby reducing your tax liability. Without filing an income tax return, this benefit would not be possible.  

4) Claim Tax Refund 

There may be instances where tax has been deducted (TDS or TCS) from your income, even if your total taxable income is below the basic exemption limit, or you have no tax liability for that year. In such cases, you must file an Income Tax Return to claim a refund of the TDS.

5) For Buying Term Insurance 

To approve term insurance plans, insurance providers often require applicants to submit their Income Tax Return (ITR) records as proof of their annual income. The coverage amount is determined based on the individual's earnings, and presenting the ITR helps insurance providers assess a person's higher income level.  

6) Reliable Proof of Address

The Income Tax Return is valid as address verification. Even an Aadhaar Card can be obtained using it. Aadhar Cards, licenses, passports, and other documents like those are all required to have address proofs. Frequently, these documents do not accept common forms of identification like ID cards. Your Income Tax Return can be applied in such cases.  

7) Authentic Evidence of Your Earnings

Form 16 is typically given by employers to their employees as proof of income. The ITR Filing form serves as actual income verification for self-employed or independent contractors. It includes a thorough breakdown of a person's income and expenses for the entire fiscal year.  

8) Scholarship Advantages

Various authorities view an ITR as a source of income documentation (both government and private). For instance, you can submit an ITR to claim specific institute and/or university scholarships. The ITR aids in establishing the prospective student's ability to prove their income, and insurance companies also accept them as acceptable documentation.  

9) Losses can be Carried Forward

Section 70 and 71 of The Income-tax Act 1961 contains some provisions for carrying forwarding losses of a particular year to the subsequent year. This means that you can move your loss to the next assessment year. Here are a few examples: a. Losses from house property can be carried forward till the next 8 assessment years and can be set off from income from house property. b. Loss from business can be carried forward and paid with the future income from the business. If you do not file an Income tax return, you cannot carry forward or set off your losses.  

10) Accident or Other Claims 

Many times Courts ask for proof of Income like in case of accident claims of Motor Insurance or cases like divorce, etc. ITR becomes valid proof of your income and can be proper evidence in a court of law.

I am sure there are more than 10 benefits for filing tax returns, and even NRIs who are not liable but expected to return to India should regularly file to take the benefits of filing. Further, you would never know how the document will be useful in future.  

🤘🤘🤘

Wednesday, October 11, 2023

TCS Tender Route Buyback Announced

*TCS Tender Route Buyback Announced*

*Buyback Price : 4,150 ₹*

*Last Closing Price : 3,610 ₹*

*Buyback Size ₹ : 17,000 Crore*

Buyback Size in Shares : 4,09,63,855 Shares

Retail Quota : 61,44,579 Shares

Record Date for Eligibility : To Be Announced

Monday, September 4, 2023

contracts will expire

*Monday onwards, the Banknift contracts will expire on Wednesday instead of Thursday.*
Any user who has an open position in the position of Banknifty with an expiry date of 
1. 07/09/2023
2. 14/09/2023
3. 21/09/2023
4. 05/10/2023
will change to: 
1. 06/09/2023
2. 13/09/2023
3. 20/09/2023
4. 04/10/2023

Therefore, from Monday, users will see the positions with new expiry dates.

𝐖𝐡𝐲 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐈𝐬 𝐒𝐩𝐞𝐜𝐢𝐚𝐥

𝐖𝐡𝐲 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐈𝐬 𝐒𝐩𝐞𝐜𝐢𝐚𝐥.

𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟏𝟖: Nifty 11751 - 10850 = 900 Points

𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟏𝟗: Nifty 11694 - 10670 = 1000 Points

𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟎: Nifty 11618 - 10854 = 800 Points

𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟏: Nifty - 17050 - 17950 = 900 Points

𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟐: Nifty 18096 - 16788 = 1300 Points

How about 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟐𝟎𝟐𝟑? 

Nifty was already up by 200 Points Yesterday. fwd

Sunday, September 3, 2023

contracts will expire

*Monday onwards, the Banknift contracts will expire on Wednesday instead of Thursday.*
Any user who has an open position in the position of Banknifty with an expiry date of 
1. 07/09/2023
2. 14/09/2023
3. 21/09/2023
4. 05/10/2023
will change to: 
1. 06/09/2023
2. 13/09/2023
3. 20/09/2023
4. 04/10/2023

Therefore, from Monday, users will see the positions with new expiry dates.

List of HERO TO ZERO Stock since 2014

*List of HERO TO ZERO Stock since 2014*

1. Reliance Infra - 2500 > 20
2. Rel Capital - 2924 > 10
3. Rel Power - 430 > 3
4. R COM - 800 > 1
5. R NAVAL - 117 > 1
6. DHFL - 690 > 10
7. Jet Airways - 883 > 30
8. Jain Irrigation - 264 > 10
9. PC jewellers - 600 > 10
10. Vakrangee - 515 > 30
11. Suzlon - 400 > 3.35
12. Kwality - 225> 2.45
13. JP Associates - 339 > 2.70
14. JP Power - 140 > 1.90
15. JP Infra - 100 > 1.60
16. manpasand beverages - 500 > 28
17. Central Bank - 210 > 10
18. J&K Bank - 176 > 12
19. Mercator - 165 > 1.65
20. Aban offshore - 5400 > 35.40
21. Sintex Plastic Tech - 120 > 8
22. BPL 152 > 21
23. HDIL 1100 > 14.50
24. Videocon 760 > 1.70
25. MTNL 217 > 7.60
26. ILFS 308 > 3.10
27. Cox & King - 367 > 50
28. Mcleod Russel - 325 > 18.85
29. Eros Int - 643 > 25.80
30. LEEL Electricals - 340 > 7.30
31. Alok Ind 105 > 3.80
32. Subex 725 > 5.80
33. Adlabs - 207 > 4.05
34. Atlanta - 270 > 9.30
35. IFCI - 114 > 7.65
36. GMR Infra - 124 > 14.80
37. Uttam Galva - 172 > 7.55
38. Oil Country - 172 > 5.90
39. Punj Llyod - 580 > 1.25
40. Lovable lingerie - 612 > 69
41. Shree Renuka Sugar - 120 > 9
42. Patel Eng - 1020 > 18.80
43. RS Software - 400 > 20.75
44. On mobile - 361 > 31.15
45. Windsor machines - 150 > 25.10
46. Bartronics - 255 > 3.90
47. Rolta - 375 > 5.45
48. kohinoor food - 136 > 16.30
49. Dolphin offshore - 445 > 29.40
50. Snowman logist - 130 > 29.50
51. IRB INFRA 310 > 93
52. HEG 4500 > 1320
53. Varroc Engineers 1151 > 450
54. Goa Carbon 1185 > 340
55. Hotel leela 85 > 7.55
56. Vodafone Idea 118 > 8
57. Educomp 1100 > 1.50
58. VIP Clothing 100 > 11.70
59. Gati 290 > 50
60. GTPL 180 > 50

Invest only after looking fundamentals, the list is long it may impact anyone.

Stocks in the news

More...

+India's GST collection stood at Rs 1.59 lakh cr in August, 11% year-on-year increase.

+Countdown for India’s first solar mission ‘Aditya L1’ has started; launching tomorrow.

+UPI crossed 10 billion transactions in August, highest ever.

+Rishabh Instruments IPO was subscribed 31.65 times. Retail investors subscribed 8.43 times.

+The government has increased jet fuel prices by around 14% to Rs 1.12 lakh per Kl.

+Commercial LPG price has been reduced by Rs 158.

+RBI mentioned that 93% of Rs 2,000 notes have been returned to banks.

+Real estate company Arkade Developers has applied to g


*Stocks in the news*

Bajaj Auto: subsidiary Bajaj Auto Consumer Finance has received RBI approval to start NBFC business.

HFCL: raised Rs 353 cr through a qualified institutional placement (QIP).

BSE (company): increased its share buyback offer price to Rs 1,080 from Rs 816.

Auto Sales for August

*Auto Sales for August*

Automakers released their sales numbers for August. Here are the highlights:

*Maruti Suzuki*: sales rose 14.48% to 1.89 lakh units (highest ever).

*Tata Motors*: sold 78,010 units, 1.06% decline year-on-year.

*Mahindra*: sales rose 19% to 70,350 units.

*Ashok Leyland*: sales increased 10.30% to 15,576 units.

*Eicher Motors*: sales increased 10.66% to 77,583 units.

*TVS Motor*: sold 3.46 lakh units, increase of 3.61%

*Bajaj Auto*: sales fell 15% to 3.42 lakh units.