Is the stock market closed for Diwali-Balipratipada on Tuesday?
The multi-commodity exchange will also be closed for the first half but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Tuesday. The settlement holiday means that the Commodity account balance of investors on November 14 will not include the credits from profits on trades or positions in Commodity derivatives on November 13 and credits from exiting option positions on November 13. Key Points
Economic TimesMaruti Suzuki Q1 margins slightly lower than expected: Naveen Kulkarni
Maruti Suzuki's margin of 9.2% is lower than expected, according to Naveen Kulkarni, CIO of Axis Securities. While the company's progress in small car sales is being hindered by lacklustre growth, Kulkarni suggests there may still be hope for improved margins in the future, thanks to low Commodity prices and a boosted production of premium models. However, it is early to tell how things will develop, and the gross margin and other factors must be considered. Key Points
Economic TimesExpect some correction in Oct-Nov, may increase cash in portfolio: Sandip Sabharwal
August-September should be fine for the stock market, but valuations have become extended in the short run, according to Sandip Sabharwal. Investors should prepare for some corrections in October and November, and he plans to increase some cash in portfolios in September. The overall industrial outlook is positive, and infrastructure projects have increased substantially, but Sabharwal sees short-term bouncebacks in the metals sector rather than sustainable growth. Key Points
Economic TimesWe are in a bull market where 19-20x peak will sustain as long as earnings growth continues: Vinod Karki
Equity strategist Vinod Karki of ICICI Securities believes that the market valuation peak will be around 19-20x PE, but as long as earnings growth continues to expand at around 15%, the market will continue to grow. Karki also commented on the agriculture chemicals sector, suggesting that valuations are nearing a peak and growth concerns could cause multiples to peak out. Key Points
Economic TimesWhat is jeera futures and how can you make money from it? Anuj Gupta explains
Commodity derivatives play an important role for farmers, traders, and middlemen who use commodities such as cumin seed or jeera for their products. The prices of commodities are linked to the common man's kitchen and have increased significantly, with cumin seed prices rising by 150% in the last three years due to unseasonal rains. India is the biggest exporter of spices, with increasing demand from other countries due to geopolitical tension. Exporters can use Commodity derivative products by selling their position in the Commodity futures, allowing them to lock in prices and prevent losses. Key Points
Economic Times
How to Choose the Right Commodity to Invest In
Raw materials like grain, bread, oil, and metals are considered Commodity products. The purchasing and selling of these basic resources is known as commodities trading. It occasionally involves the exchange of actual things. Key Points
Times of IndiaThe Pros and Cons of Investing in Commodities
The phrase Commodity trading is frequently used in investment jargon. Investors can trade commodities in the market in addition to stocks. This makes it simple for investors to diversify their portfolio and boost their earnings. Key Points
Times of IndiaIndia's markets regulator permits MCX to launch new derivatives platform
Multi Commodity Exchange of India (MCX) (MCEI.NS) has received approval from the country's market regulator to launch its proposed Commodity derivatives platform, put on hold last month, the MCX said in a statement on Sunday. Key Points
ReutersBuy Bharat Forge on dips; be careful in specialty chemicals for next 2-3 years: Sandip Sabharwal
Investors must be cautious in the specialty chemicals space for the next two to three years, as many stocks are 30-40% down from their highs but are still up 200-500% from 2020 lows. The margins of these stocks will fall. The decline in Commodity prices in China will create a downside throughout the Commodity world. Key Points
Economic TimesMaharashtra Day: Is the stock market closed on Monday?
Indian equity markets, as well as the multi-commodity exchange, will remain closed on Monday due to Maharashtra Day. Analysts expect the current rally to continue as investors track fourth-quarter results and global trends. May has historically been a turbulent month, but data shows that investing in May has produced an average double-digit return 83% of the time by the end of the calendar year. The upcoming week is crucial with policy meetings from the US Fed and ECB and PMI data from the US, China, and India being keenly watched. Key Points
Economic Times
Multi Commodity Exchange Of India Q4 Results Live : profit rise by 1512.29% YOY
Multi Commodity Exchange Of India Q4 Results Live : Revenue increased by 35.43% YoY & profit increased by 1512.29% YoY Key Points
mintBullish on Vedanta story, expect stock price to appreciate 30-40% within a year: Sudip Bandyopadhyay
Vedanta, a unique company with diverse commodities, is well-positioned in the Commodity cycle. Sudip Bandyopadhyay sees deep value in Vedanta and expects 30-40% appreciation in one year. The demerger, upcoming Tuticorin plant, and entry into power distribution contribute to its promising future. Key Points
Economic TimesView: India isn’t immune to the stagflation that felled its neighbors
Luckily for India, a part of this two-year period coincided with a post-Covid-19 reopening. Self-sufficiency in food production, a sizeable foreign-exchange war chest and a vast software exports industry helped cushion the Commodity and hard-currency shortages that, in various degrees, hobbled the regions frontier markets: Sri Lanka, Pakistan and Bangladesh. Key Points
Economic TimesCrude oil futures surge to six-session high amid rising tensions in Middle East: S&P GCI
New Delhi [India], January 6 (ANI): Crude oil futures reached a six-session high on January 5, driven by escalating tensions in the Middle East, leading to concerns about potential long-term disruptions to Red Sea vessel traffic. According to S&P Global Commodity Insights (GCI), the decision by A.P. Moller-Maersk, one of the world’s largest shipping lines, […] Key Points
ThePrintAsia’s growth outlook remains positive despite external uncertainties, says ADB
The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions. Key Points
ThePrint
Stocks in news: TCS, MCX, Delta Corp, Bajaj Auto, Vinati Organics, Aurionpro Solutions
The exchange is set to go live with its new Commodity derivative platform from Monday. The exchange will conduct a mock trading session on October 15. Key Points
Economic TimesBinance and its CEO seek dismissal of CFTC complaint
Binance and its CEO Changpeng Zhao have filed a motion to dismiss a complaint filed against the exchange by the U.S. Commodity Futures Trading Commission (FTC), the company said in a court filing on Thursday. Key Points
ReutersMaruti Suzuki to hike prices in January due to inflationary pressures
Maruti Suzuki plans to increase its car prices in January 2024 due to rising Commodity prices and inflation. The company aims to reduce costs and offset the increase, but may pass it on to the market. The price increase will vary across models, the company said in a stock exchange intimation. Key Points
Economic TimesTop 10 Commodities to Invest in for High Returns
Investors and traders always wonder what the next big item to invest in on the stock market and the Commodity market. Particularly Commodity traders are always looking for new investment options. Key Points
Times of IndiaIndia markets regulator asks MCX to put launch of new platform on hold
India's Multi Commodity Exchange of India (MCX) (MCEI.NS) said the country's markets regulator has asked the company to put on hold the proposed go-live of its new Commodity derivatives platform planned for next week, sending shares crashing on Friday. Key Points
Reuters
Britannia Q4 profit up 47% at Rs 559 cr
Britannia reported a 47.1% year-on-year (y-o-y) rise in consolidated net profit for the March quarter (Q4) to Rs 559 crore, on the back of softer Commodity prices. Key Points
FinancialexpressAre select metals prices indicating China’s economic revival? 5 metal stocks with upside potential of up t
Few days back, there was a sudden spurt in oil prices, though they might have cooled down a bit. The question is why this sudden spurt when there has not been any rise in tension in the Middle east and it is not even the peak season where demand for heating oil could have led to sudden rise. Now combine this with price trends in some non ferrous metals like copper which have inched upward to form a one year high. While to some it might appear far-fetched at this point of time as there have been many false starts, are the Commodity markets giving an indication that finally there are some green shoots in the Chinese economy? The risk is the US election result. Will the election results help in resolving the trade issue or continuation of the issues ? Key Points
Economic TimesStock markets closed for trading today on account of Good Friday
Equity markets will remain closed on two occasions in April, once each in May, June, July, August, October, December, and twice in November. November 1, Friday will be Diwali (Laxmi Pujan) and Muhurat Trading will be conducted by the exchanges, the timings for which will be notified later. Key Points
Economic TimesIndia to grow 6.5% in FY25, down from 6.9% this fiscal: Ind-Ra
India's economy is expected to grow by 6.5% in the fiscal year 2024-25, supported by sustained government capex, soft global Commodity prices, and signs of growth in the private corporate capex cycle, according to India Ratings and Research. The forecast aligns with the International Monetary Fund's projection but is below the Reserve Bank of India's estimate of 7%. Key Points
Economic TimesMaruti Suzuki India to hike prices in Jan, quantum not finalised
New Delhi, Nov 27 (PTI) Marti Suzuki India on Monday said it plans to increase prices of its vehicles in January 2024, citing cost pressure driven by overall inflation and increased Commodity rates. The company, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh […] Key Points
ThePrint
BSE share price vs MCX share price: Which exchange stock to buy amid bull run?
BSE share price has witnessed an impressive surge of over 330% YTD, underscoring the robust investor confidence in the exchange. Similarly, MCX shares have demonstrated substantial growth, registering an 85% increase during the same period. Key Points
mintOil reports second straight weekly gain on Israel-Hamas concerns; Brent settles lower at $92/bbl
Both Brent crude and US WTI had gained more than a dollar per barrel during Friday's session on signs of escalation of the conflict. For the week, both front-month contracts rose over 1 per cent, a second straight weekly jump. Key Points
mintThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%, according to analysts
Even in volatile markets analysts are bullish on selective mid-cap stocks. One of the reasons, impact of developments in Israel has not been as hard as the street was expecting both in Commodity and global equity markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesChinese bid to revive growth to make a difference; 5 metal stocks that can deliver up to 38% returns
Last week, when broader market indices were correcting sharply, it was metal stocks which were able to keep their head above water. This has happened for the third time in the last two months, that metal stocks have been able to inch upward when other sectors are under strong pressure. Is it an indication that global Commodity markets are finally expecting the Chinese economy to recover after a long sluggish phase or it is just another spike which may fizzle out as soon as lower than expected number for China comes. Key Points
Economic TimesAdding sweetness to portfolio; 5 stocks from sugar industry with upside potential of up to 35%
Recent spike in prices of sugar futures in the global Commodity markets have brought back focus on the sugar sector. However, in the case of India, the sugar sector has been going through a transformation much before that and the bottom lines are becoming better for a large majority of companies. All thanks to mixing ethanol with other fuels. As the underlying macro changes sugar companies are making a comeback on the analyst list and some of them have seen an increased participation by institutional investors. Key Points
Economic Times
Long-term wealth creation: 6 stocks with the right PEG ratio
One of the reasons why looking only at Price earning (PE) ratio leads to wrong decisions is that by the time PE gets adjusted to newly announced earnings per share (EPS), it is too late. Especially in the case of Commodity stocks, PE ratio is probably the last thing to look at as it creates a mirage of value. Coming on the list is an Adani group company, which even skeptics say is probably best placed in its sector. Key Points
Economic TimesL&T could consider share buyback once in a few years: R Shankar Raman, CFO, L&T
Indian engineering company Larsen & Toubro's shares hit an all-time high after the firm announced its first-ever buyback proposal worth $1.33bn. CFO R Shankar Raman said the company had surpluses beyond requirements, adding that creating value to shareholders through dividends was one option, but the company opted for a buyback to return accretive. Key Points
Economic TimesWe can consider share buybacks once every few years: R Shankar Raman, CFO, L&T
We have surpluses beyond our requirements, not for all times to come, but at least for some time to come. Given that, we thought that it is a good way to create value back to shareholders. One way to create value for shareholders is to keep distributing dividends. So we decided not to interrupt with that but to go for a buyback. Key Points
Economic TimesBe slightly cautious and take some money off the table: Varun Lohchab
Market experts suggest that the current earnings season in India has been lacklustre, neither a big hit nor a miss. While largecaps do better when inflation is high, midcaps and smallcaps might do better this quarter on account of easing Commodity inflation pressure. However, the overall upside in the market looks capped for the rest of the year, and it may be time to reduce equity exposure. Consumer discretionary, capital goods, and some autos and cement stocks are starting to look expensive and overbought. Key Points
Economic Times4 stocks from different sectors with right PEG ratio for long-term wealth creation
One of the reasons why looking only at Price earning (PE) ratio leads to wrong decisions, is that by the time PE gets adjusted to newly announced earnings per share (EPS), it is too late. Especially in the case of Commodity stocks, PE ratio is probably the last thing to look at as it creates a mirage of value. Key Points
Economic Times
They also build portfolios! 4 companies from homebuilding sector can offer up to 31% returns
Like every other industry, home building products like ceramic tiles and laminates witnessed headwinds when Commodity prices including natural gas witnessed a sharp rise last year. Despite those pressures on margins, the topline numbers were much better than expected. Now with softening of some of the raw materials, the pressure on margins has come down, while the demand tailwind continues. For this report, we have selected stocks from the latest Stock Reports Plus report dated 20th June 2023 with an analyst count of at least 2 and a minimum average Stock Report Plus score of 5. Key Points
Economic TimesThe decoupling propensity of India amid global uncertainty
The clampdown of global Commodity prices has improved the outlook for Indian industry, reducing operational costs and increasing profitability. The correlation between the Nifty50 index and Brent crude oil is relatively weak due to the strong influences of economic, social, and earnings data. The current market rally in India is being influenced by consistent FII inflows driven by lower Treasury yields and the weakness of the US Dollar. However, investors must evaluate if the recent decline in Commodity prices is temporary or long-lasting as an extended in-equilibrium in the global economy could ultimately affect the Indian stock market. Key Points
Economic TimesGovt working to rein in inflation, says FM
Wholesale price inflation fell to a 29-month low of 1.34% in March, aided by a sustained decline in Commodity prices and a favourable base effect. Key Points
FinancialexpressIndian MSMEs’ bottomlines hit by volatile Commodity prices, exports face headwinds: CRISIL
The profitability of Indian MSMEs was impacted by volatile Commodity prices in the previous financial year that ended March 31, leading to credit rating downgrades, rating agency CRISIL said. Raising concerns for the export-oriented sectors, CRISIL said it expects this year's export to grow at around 2-4% compared to its estimation of 5-7% growth last year. Key Points
Economic Times