Weekly Moneylife Indices & Sector Trends
INDIAN MARKET TRENDS
For the period from 5 July 2019 to 11 July 2019, the Sensex, the NIFTY and ML Mega-cap Index fell 2% each. ML Large-cap Index, ML Mid-cap Index fell 3% each, while both, ML Micro-cap Index and ML Small-cap Index, fell 4%.
 
 
FUND FLOWS
Foreigners: Foreign institutional investors were net sellers of equities for the period (Rs1,998.05 crore)....
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  • Nifty, Sensex in No Man’s Land - Thursday closing report
    We had mentioned in Wednesday’s closing report that Nifty, Sensex may suffer severe decline if they go below Monday’s close. The major indices of the Indian stock markets rallied. On the NSE, there were 912 advances, 805 declines and 368 unchanged. The trends of the major indices in the course of Thursday’s trading are given in the table below:
     
     
    The Sensex and Nifty opened higher on Thursday after US Federal Reserve Chairman Jerome Powell hinted at a rate cut. The US dollar weakened against its major rivals in late trading on Wednesday after Federal Reserve Chairman Jerome Powell's gloomy comments on US economy.
     
    Public sector Bharat Sanchar Nigam Ltd (BSNL) is in the process identifying land parcels all over the country for monetisation, which as per its internal estimate is valued at Rs20,000 crore in 2018-19. "The total area of land parcels, which are spread across the country and have in-built structures, buildings and factories, is 32.77 lakh square metres (sq m) and the spareable land parcel is 31.97 lakh sq m," said an earlier BSNL corporate office letter to its circles seeking their comments.
     
    Hero MotoCorp has rejigged its leadership team by assigning the role of the Chief Technology Officer (CTO) to Vikram Kasbekar, while Rajat Bhargava will head the newly created ‘Emerging Mobility’ Business Unit.
     
    Shares of GTPL Hathway rallied after the company reported stellar earnings performance for the quarter ended June 2019. Consolidated profit during the quarter jumped 120% year-on-year to Rs29.45 crore. Revenue from operations grew 50% to Rs445.5 crore with subscription business showing a whopping 47% growth YoY in Q1.
     
    Aviva Life Insurance launched 'Aviva Income Suraksha', a non-participating traditional retirement plan designed with the defence forces in mind. The insurer said that the product offers soldiers financial preparedness post-retirement and provides an additional monthly income stream.
     
    Bank of Baroda plans to launch an online marketplace to its customers offering banking services and farm-related products. The state-owned lender has invited bids seeking a partner to supply 'digital commerce platform' to provide assistance to merchants on catalog management, purchase management fulfilment, pricing, promotion and other similar services.
     
    Vedanta Ltd on July 11 said it spent around Rs10,000 crore in FY 19 on capital expenditure. "As India's largest private sector oil and gas producer, your company aims to double its current contribution of 27 per cent of nation's production," the company's Chairman Navin Agarwal said at its Annual General Meeting (AGM).
     
    Larsen & Toubro (L&T) has received orders across various business segments in the domestic and international market. Although the company did not provide value of the contracts but said the orders fall under "significant" category which ranges between Rs1,000 crore and Rs2,500 crore as per its classification of contracts.
     
    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:
     
     
     
  • User

    Nifty, Sensex May Suffer Severe Decline If They Go Below Monday’s Lows – Wednesday closing report
    We had mentioned in Tuesday’s closing report that Nifty, Sensex are still in downturn. The major indices continued to suffer a correction. On the NSE, there were 607 advances, 1,138 declines and 339 unchanged. 
     
     
    Domestic passenger car sales continued to slump with the segment's offtake falling 24.07% in June. According to the Society of Indian Automobile Manufacturers (SIAM), passenger car sales in the domestic market dropped to 139,628 units from 183,885 units sold during June 2018. Among the other sub-segments of passenger vehicles, the number of utility vehicles sold in India went down by 0.99% to 72,917 units in June 2019, while 13,187 vans were sold last month, down 18.70% from the corresponding month of 2018. Overall, passenger vehicle sales declined 17.54% in June to 225,732 units from 273,748 units.
     
    Shares of IndiGo fell 17% during early trade on Wednesday after the dispute between its promoters came out in the open. Gangwal lamented that IndiGo has started veering off from the core principles and values of governance that made IndiGo what it is today. The stock recovered later and closed down 10.74%.
     
    The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on July 18 for anchor investors and on July 19 for other investors, an official said.The government aims to raise a record Rs 1.05 lakh crore through disinvestment in 2019-20, up from Rs 85,000 crore raised last fiscal.
     
    After banks, the government may capitalise public sector general insurers this year to improve their finances and get them ready for the next wave of restructuring. Sources in the Finance Ministry said that management consultancy firm Ernst & Young (EY) has been shortlisted to advise on restructuring of three general insurers and based on its report, the government may also consider providing capital support to these companies.
     
    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:
     
     
     
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