420: Digging Deeper - India's performance at the Asian Games
For those who watched it on television in 1982, the opening ceremony in Delhi of the 9th Asian Games, on November 19, 1982 remains an indelible memory for many reasons. This was the second time India was hosting the games, having first enjoyed the honour in 1951 when we were the hosts of the inaugural Asian Games. 1982 was also the year that television broadcasting in India went all colour and...
12m Sep 12, 2018
12m
419: Stock picks of the day for September 12, 2018
Natco Pharma: BUY | Close: 829.75 | Target: Rs 900 | Stop loss: Rs 795 | Return: 8.47% After making long consolidation, the stock has given a breakout above Rs 824-825 levels on Tuesday with a strong price momentum along with higher volumes. The daily Relative Strength Index (RSI) is trading at overbought zone but still showing positive momentum and MACD is trading around zero line with posit...
7m Sep 12, 2018
7m
418: A morning walk down Dalal Street | Bears may cover their shorts ahead of Thursday; IIP, CPI in focus
After a manic Monday, we witnessed a terrible Tuesday. Indian markets plunged for second day in row. The S&P BSE Sensex plunged by nearly 1,000 points in just trading sessions while the Nifty50 broke below 11,300 levels. Sensex sees its biggest fall in six months. Over 150 stocks hit fresh 52-week low on the BSE which include names like Sun TV, BPCL, GIC Housing Finance, HPCL, DB Corp, Aptech...
4m Sep 12, 2018
4m
417: Highlights from Raghuram Rajan’s note on Non-Performing Assets
Why did NPAs occur? Why did the RBI set up various schemes to restructure debt and how effective were they? Why recognize bad loans? Did the RBI create the NPAs? Why did RBI initiate the asset quality review? Did NPA recognition slow credit growth, and hence economic growth? Why do NPAs continue mounting even after the AQR is over? What could the regulator have done better? How should we preven...
12m Sep 11, 2018
12m
416: Digging Deeper - A closer look at the Vodafone-Idea merger
Two of India’s mobile operators, Vodafone and Idea Cellular, have merged to form India’s largest telecom service provider - a company with over 400 million subscribers. This merger was in the making for a long time now. It had run into hurdles with the National Company Law Tribunal (NCLT) but received a clearance from the tribunal at the end of August. On Digging Deeper, we discuss the merger ...
12m Sep 11, 2018
12m
415: An evening walk down Dalal Street
Bears painted the town red on Tuesday as a combination of weak rupee, high crude prices, trade war concerns, and a global selloff crashed the market. The Nifty managed to give up 11,300, falling over 150 points, while the Sensex shed over 500 points. There was all-round selling visible among sectors such as banks, automobiles, FMCG, metals, pharmaceuticals and IT too. The Nifty Midcap index fe...
6m Sep 11, 2018
6m
414: Stock picks of the day for September 10, 2018
Mahindra CIE Automotive Ltd: Buy| LTP: Rs 297.80| Target Rs. 325 | Stop-Loss: Rs 285 | Return 9% The stock price has broken out on the daily chart on Monday by closing above the resistance level of 290 to close at ten years high with higher volumes. The momentum indicators and Oscillators like RSI and MACD have turned bullish on the daily and weekly charts. The stock has been trading above it...
5m Sep 11, 2018
5m
413: A morning walk down Dalal Street | Nifty can extend fall toward next support at 11,200
It was nothing short of carnage on D-Street. The S&P BSE Sensex breached its crucial support level of 38000 on the downside while the Nifty50 ended below 11,450 levels. Nifty plunged 1.3 percent, its highest single-day fall in nearly six months. It looks like Nifty has resumed the short-term downtrend and can extend the fall toward next supports at 11,200, suggest experts. It would be advisabl...
4m Sep 11, 2018
4m
412: All you need to know about today’s Bharat Bandh
The major opposition party of India, the Indian National Congress, had asked for a nationwide shutdown or "Bharat Bandh" today on the 10th September today protesting the skyrocketing prices of petrol and diesel in the country. While the Congress had announced the bandh for 6 hours starting 9 AM, the CPI(M) had called for a twelve-hour bandh starting from 6 AM to 6PM.
11m Sep 10, 2018
11m
411: Podcast | Digging Deeper- The Real World of Fake News
Fake news - the phrase of the times we live in. So much so, it is the one dominant phrase even in the limited vocabulary of a sitting American President. At a recent rally in Montana, Donald Trump said even Honest Abe (Abraham Lincoln) was a victim of fake news. What is truth? Why do we believe in the things we do? Whom do we believe and why? When faced with questions like these, it is prudent...
26m Sep 10, 2018
26m
410: An evening walk down Dalal Street
It’s not a result that the bulls would have anticipated, considering the pullback it had on September 7, 2018. A weak rupee, which fell to record lows of 72.67 per US dollar weighed heavily on indices. The Indian currency saw weak moves following macro concerns on the domestic front along with having spillover effects of a selloff in emerging market currencies too. Back home, investors are lik...
5m Sep 10, 2018
5m
409: Stock picks of the day for September 10, 2018
KPR Mill Ltd: Buy| LTP: Rs 700.25| Target: Rs 728| Stop Loss: Rs 663| Return 4% On the weekly chart, the stock has formed a "Double Bottom" - a short-term reversal pattern which signals a shift of short-term trend reversal to the upside. This breakout is accompanied with a huge spurt in volumes which supports the bullish sentiments ahead. The daily and weekly strength indicator RSI and the m...
5m Sep 10, 2018
5m
408: A morning walk down Dalal Street| Tug of war between bulls & bears likely to continue
A volatile week for Indian markets but the index managed to recoup some losses and closed just below 11600 levels for the week ended September 7. Weakness in the rupee is likely to keep markets on the edge this week which is a truncated week. Markets will remain shut on Thursday on account of Ganesh Puja. Global clues, macroeconomic data, movement of rupee against the dollar, FPI selling and c...
6m Sep 10, 2018
6m
407: Digging Deeper - RBI's Annual Report for 2017-18
Last week, the Reserve Bank of India (RBI) released its annual report for fiscal year 2017-18. The report contained forecasts about the current financial year, updates on demonetisation and the state of the central bank’s finances. It also addressed issues like asset quality in the banking system, the value of the Indian rupee, and other macros with regard to India’s economy. The one point tha...
14m Sep 08, 2018
14m
406: Editor's pick of the day: Aurobindo acquires Sandoz's dermatology and oral solids business for $900 million
India’s second-largest drugmaker Aurobindo Pharma on Thursday said it has entered into definitive agreement to acquire commercial operations and three manufacturing units from Sandoz, a Novartis generic division, in the US. The acquisition, Aurobindo’s largest ever, comprises Sandoz’s dermatology business and a portfolio of oral solid products along with commercial and manufacturing infrastruct...
10m Sep 08, 2018
10m
405: An evening walk down Dalal Street
What a fantastic Friday it was for the bulls! A huge surge in the midcaps space along with automobiles, pharmaceuticals as well as energy names ensured that the market had a strong trading day. The Nifty managed to end well above 11,550-mark. The midcap index ended with gains of over a percent and outperformed the benchmarks. A strengthening rupee also helped the market recover. Cooling off of...
5m Sep 07, 2018
5m
404: Podcast | Digging Deeper - Decoding the Bhima Koregaon conflict 
On 28 August, the news media was abuzz with the news of the Pune Police conducting coordinated raids across the country on the homes of 10 activists, arresting five of them. The news was presented in the context of two suggestions. The first was that the arrests were made in connection with an alleged plot to assassinate Prime Minister Narendra Modi. The second was that the raids were linked t...
24m Sep 07, 2018
24m
403: Freedom: All you need to know about SC's Section 377 verdict
Validation, vindication, exhilaration... are all among the panoply of feelings that the community feels today, but the one that dominates is simple, humble, and silent – relief. The Supreme Court has affirmed what millions of people have always known but millions others doubted – that they are equal; that they are normal; that their love is natural. Constitutional morality has trumped social mo...
28m Sep 07, 2018
28m
402: Stock picks of the day for September 07, 2018
Tata Motors Ltd: Buy around Rs 270| LTP: Rs 269| Target: Rs 305| Stop Loss: Rs 254| Return 14% Looking at the daily chart, the stock has formed a strong base near 250 levels and is trading in a narrow range. As a result, it has formed an inverse head & shoulder pattern on the daily chart. The said pattern will be activated if Tata Motors starts sustaining above 275. The daily Bollinger band h...
6m Sep 07, 2018
6m
401: A morning walk down Dalal Street | Nifty needs to close above 11,571 for move towards 11,620
A smart recovery towards the close of the session with Sensex rising by over 200 points while the Nifty50 reclaimed 11500 levels comfortably. It was a volatile day for Indian markets thanks to fall in rupee which closes just below Rs 72/$. The index needs to close above 11,571 for it to move towards 11,620 levels. Support on the downside is placed at 11500, 11393 levels. With yields crossin...
4m Sep 07, 2018
4m
400: Podcast | Digging Deeper- Decoding the Bhima Koregaon conflict
On 28 August, the news media was abuzz with the news of the Pune police conducting coordinated raids across the country on the homes of 10 activists, arresting five of them. The news was presented in the context of two suggestions. The first was that the arrests were made in connection with an alleged plot to assassinate Prime Minister Narendra Modi. The second was that the raids were linked to...
24m Sep 06, 2018
24m
399: An evening walk down Dalal Street
Sentiment on the market moved in tandem with the rupee’s movement on Thursday. A recovery in the Indian rupee, after it fell to a record low of 72.10/USD, helped the market end the day in green as well. The Nifty reclaimed 11,500-mark and ended above the threshold. Along with the currency, rally in index heavyweights such as Reliance Industries and HDFC twins helped indices see a strong surge ...
5m Sep 06, 2018
5m
398: Stock picks of the day for September 06, 2018
Bajaj Auto Ltd: Buy| LTP: Rs 2,758 | Target: Rs 3,000 | Stop Loss: Rs 2,640| Return 9% On the daily charts, the price has started off lower but managed to recoup the entire loss of the previous session. In addition, price found support just above the rising trend line on the daily chart. The weekly momentum oscillator, RSI (14) is in positive divergence and currently in a bullish crossover. T...
5m Sep 06, 2018
5m
397: A morning walk down Dalal Street | Rupee may continue to remain weak, can breach Rs 72-73/$
A smart recovery towards the close of the session but it failed to push the index above 11500 levels on the Nifty. The Sensex did reclaim 38,000 while the Nifty closed above 11,450 levels on closing basis. Rupee also saw some recovery in the second half of the session. The currency closed off record low at 71.75/$; down 12 percent in 2018 so far. Rupee might have recovered but experts see the...
4m Sep 06, 2018
4m
396: Podcast | Editor's pick of the day: Amazon hits $1 trillion market value milestone
Amazon.com Inc on September 4 joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months. If the online retailer's share price continues at its recent pace, it will be a matter of when, not if, Amazon's market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on August 2, according to Reuters. Apple took a...
9m Sep 05, 2018
9m
396: An evening walk down Dalal Street
A good recovery in the last hour helped the market close with shallow cuts. The Sensex managed to recover over 250 points from its low point, while the Nifty shed about 70-odd points from its low points. Both indices closed in the red. A combination of weak rupee as well as high crude oil prices weighed on sentiment on D-Street as investors rushed to sell stocks through the afternoon. However,...
6m Sep 05, 2018
6m
395: Podcast | Digging Deeper- The Asian Paints story: Colour-coding the success mantra
"Har ghar kuch kehta hai,” says the Asian Paints punch line and it in a way sums up the brand's lasting relationship with the Indian consumer. On today's Digging Deeper with Moneycontrol, we will share with you the story of the homegrown brand that has gone global as it manufactures, sells and distributes paints, coatings, products related to home decor, bath fittings and even provides a bouqu...
16m Sep 05, 2018
16m
394: Podcast | Wipro lands Alight: A billion (and a half) dollar story
Wipro on Sunday said it had won a $1.6 billion engagement from Alight Solutions LLC, its biggest deal till date. Under this 10-year deal, Wipro will provide a comprehensive suite of solutions and services to the Illinois-based Alight Solutions that provides technology-enabled health, wealth, HR and finance solutions. "This deal will result in revenues of $1.5 to $1.6 billion for Wipro over the...
10m Sep 05, 2018
10m
393: Stock picks of the day for September 05, 2018
Shriram Transport Finance Company Ltd: SELL | Close: 1297.25 | Target: Rs 1260 & 1230| Stop loss: Rs 1335 | Return: 3.08% The stock has given a breakdown from the Symmetrical Triangle pattern around 1323-1322 on Monday with higher volumes. The daily Relative strength index (RSI) is showing negative momentum and MACD is trading around zero line with negative cross whereas (-) DI trading above (...
6m Sep 05, 2018
6m
392: A morning walk down Dalal Street | Investors should watch out for Service & Composite PMI data
Another weak day for Indian markets. The Nifty50 failed to hold on to 11600 levels and dipped below 11,550 levels. It breached its 5 and 13-EMA but found support near its 20-EMA on daily charts on Tuesday. A weaker currency and rising crude oil prices are a lethal combination for India. Rising crude oil price may spike inflation in near term, it also impacts our import bills The Indian curre...
4m Sep 05, 2018
4m
391: Interview | Ramesh Damani's thumb rule of 24% returns can make you really rich
In a freewheeling podcast interview with Moneycontrol Editor Santosh Nair, legendary investor Ramesh Damani talks about his beginnings, his investing journey and what individual investors should do if they want to succeed in the market. Damani is also the chairman of the board of Avenue Supermarts, the parent company of retail chain DMart, founded by another legendary market investor, Radhakis...
24m Sep 04, 2018
24m
390: An evening walk down Dalal Street
It was a double whammy for the market on Tuesday as a weak rupee along with higher crude oil prices dragged the market further. The Nifty managed to give up 11,550-mark, while the Sensex shed 38,200-mark as well. Investors were likely to have been worried about macro effect of higher crude oil prices, even as Brent crude touched USD 79 per barrel. Any upmove on oil prices adversely impacts dom...
5m Sep 04, 2018
5m
389: Stock picks of the day for September 04, 2018
Escorts: Sell| LTP: Rs 832| Target: Rs 777| Stop-Loss: Rs 880| Return 7% The stock has violated the crucial support of its 200-DMA, placed at Rs 841 on the downside. Lower tops and lower bottoms are observed on the daily charts which is a bearish sign. The stock formed a bearish head and shoulder pattern on the daily charts with a jump in volumes. Oscillators and indicators show the sign of a...
7m Sep 04, 2018
7m
388: A morning walk down Dalal Street | After touching fresh record low of 71.23/$, rupee likely to be in focus
Last hour selling really put markets in a tailspin as Sensex lost over 300 points while Nifty slipped below 11600 levels on Monday. A couple of factors could be blamed: A)Fall in rupee which touched a new low of 71.23/USD and closed at a record low of 71.21/USD B) Also, weak PMI data also dented sentiment. The Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to 51.7 in August ...
4m Sep 04, 2018
4m
387: Podcast | Editor's Pick of the Day - India records 8.2% GDP growth in the first quarter of FY18, racing past China
India’s economy zoomed to a nine-quarter high, clocking an 8.2 percent growth in the April-June quarter, beating analyst expectations. The growth has been on the back of a pickup in manufacturing, and of course, a low base from the year-ago period. The numbers have brought some relief to the administration in New Delhi, already under fire about the demonetization episode and the depreciating ru...
12m Sep 03, 2018
12m
386: An evening walk down Dalal Street
It was an anti-climax for the market on Monday, as benchmarks closed nowhere near to the levels they had opened at. In fact, a sharp selloff in the last hour erased all the gains, with the market closing at low points of the day. The Nifty managed to give up 11,600, while the Sensex fell around 300 points. While FMCG were one of the big laggards through the day, weakness among banks, along wit...
6m Sep 03, 2018
6m
385: Stock picks of the day for September 3, 2018
Reliance Capital: Buy| LTP: Rs 469.85| Target: Rs 535| Stop Loss: Rs 445| Return 14% The price formed a bullish Hammer candlestick at the support zone and has breached an internal falling trend line which confirms a trend reversal Castrol India: Buy| LTP: Rs 158.95| Target: Rs 175| Stop Loss: Rs 153| Return 10% There is an emergence of the positive divergence pattern in the RSI along with bu...
5m Sep 03, 2018
5m
384: A morning walk down Dalal Street | Tread with caution, keep stop Loss below 11,630 for all long positions
The Nifty50 rose over 1 percent for the week ended August 31 despite mild profit booking in the second half of the week. The index closed positive in 3 out of last 5 trading sessions. Fall in rupee which touched a new low of Rs 71/USD kept investors’ on the edge. But, Indian market continued its winning streak. This is the sixth consecutive week of positive closing for the index. In all likel...
5m Sep 03, 2018
5m
383: Podcast | Editor's story of the day - Apple likely to release gold-coloured iPhone on 12th September
It is 2018. In America, it may be what some people might call a golden age. Not because everything is hunky dory (it is not), but the man at the helm of affairs in the land of the free and the home of the brave, the “leader” of the free world, is a man whose idea of grandeur and majesty begins and ends with gold. Literal gold, to be sure; the man has neither the breadth of wisdom nor the depth ...
11m Sep 01, 2018
11m
382: Podcast | Digging Deeper - Does Harley Davidson need a new breed of riders?
Harley Davidson, an all American classic that is celebrating its 115th anniversary and its merits a deeper dive than usual on this Moneycontrol podcast because of its long history, the current trade complications it is facing and their possible impact on its future. Even before we attempt to vroom down that chequered path, let us try to get to the core of the complex appeal that the simple act...
18m Sep 01, 2018
18m
381: An evening walk down Dalal Street
Equities did not have the best of their starts to a new series, with the Nifty ending the first day of September series below 11,700-mark. However, bulls did manage to battle it out well with the bears as the market was off its low points. A weak rupee, higher crude oil prices along with selloff in midcaps were one of the major reasons behind the downtrend on the market. The Indian currency fe...
5m Aug 31, 2018
5m
380: Editor's Pick of the Day - Freefallin' - All you need to know about the Rupee hitting an all-time low
There has been no respite for the rupee. It continues its freefall right into today, the 30th of August, as well. The rupee obliging gravity almost too enthusiastically is our Story of the Day. But we also want to go beyond the precipitous fall itself and examine the reasons why we are witnessing a freefall. After a new all-time low hit only on the 29th of August, the rupee has hit a fresh all...
20m Aug 31, 2018
20m
379: Stock picks of the day for August 31, 2018
Sun Pharma: LTP: Rs 639.50| Buy around 635 - 630| Target: Rs 690-725| Stop Loss: Rs 600| Return 13% After confirming its breakout from the double bottom pattern on the weekly chart, Sun Pharma rallied to 645.50. Subsequently, it saw mild pullback but stock found support near 617 and rebound sharply in Thursday’s trade. The daily RSI (14) found support above 60 levels whereas the weekly RSI (...
6m Aug 31, 2018
6m
378: A morning walk down Dalal Street | Immediate hurdle for Nifty placed at 11,760-11,777
The Nifty50 might have closed lower on the August expiry day but it rallied 4.5 percent or a little over 500 points in August series to touch new highs above 11700. A couple of factors which started weighing on investor sentiment is falling rupee as well as rise in crude oil prices which are a threat to our current account deficit, as well as trade war woes. Washington has proposed slapping t...
4m Aug 31, 2018
4m
377: An evening walk down Dalal Street
A good recovery in the last hour of trade helped D-Street cut big losses and end August series on a slightly better note. However, the Nifty managed to close below 11,700-mark. For the series, Nifty gained around 5 percent, while the Midcap index ended higher by 7 percent. A weak rupee weighed on indices through the day, with the Indian currency dropping to a fresh low of 70.8550. Analysts had...
5m Aug 30, 2018
5m
376: Stock picks of the day for August 30, 2018
ITC: Buy| CMP: Rs 312| Target: Rs 345| Stop Loss: Rs 285| Return 11%| Time Frame 6 months The share price of ITC has generated a resolute breakout above the rectangle pattern, thereby confirming strong base formation around Rs 250, in turn resulting in a resumption of the primary uptrend. Currently, the stock is consolidating at a higher level to work off the excess formed during last month’s...
9m Aug 30, 2018
9m
375: A morning walk down Dalal Street | Bulls have to push Nifty above 11,760 for further momentum
After rallying about 3 percent in the month of August, Nifty took a breather and witnessed a profit booking decline on Wednesday. It closed below 11700 levels a day ahead of F&O expiry. Rise in crude oil prices due to withholding of supply by Iran as well as a depreciating rupee too added to the negative sentiment. For today, markets are expected to remain volatile ahead of August derivative ...
4m Aug 29, 2018
4m
374: Podcast | Deep Dive - The Business of Family: The Munjals
Fill it, shut it, forget it, they said but the legacy that has the momentum and ambition to keep reinventing itself , remains perpetually relevant and memorable. And that is why when in 2015, the founder and chairman of Hero Cycles OP Munjal passed away, he left behind a brand that keeps growing younger and stronger and more diverse with each passing year. But OP was not the only engine to pro...
14m Aug 29, 2018
14m
373: An evening walk down Dalal Street
A sharp selloff in the last hour of trade weighed on equity benchmarks on Wednesday, with the Nifty giving up 11,700-mark. Weakness among giant index names such as Reliance Industries, HDFC Bank, and Infosys, among others, dragged the market lower as well. Banks had a negative impact on the market, along with energy stocks, infra, IT and pharmaceutical names. However, PSU banks and metals trie...
5m Aug 29, 2018
5m
372: Stock picks of the day for August 29, 2018
Vedanta Ltd: BUY | Close: 230.30 | Target: Rs 255| Stop loss: Rs 217 | Return: 10.73% After making a marginal consolidation, the stock has given a breakout above Rs 225-226 levels on Tuesday with moderate volumes. The daily Relative strength index (RSI) is showing positive momentum and (+) DI trading above (-) DI whereas MACD trading around zero line with positive crossover, which indicates t...
7m Aug 29, 2018
7m