MarketBuzz Podcast with Ekta Batra: Sensex, Nifty likely to open flat-to-positive; Vodafone Idea, Muthoot Finance, Unichem Labs in focus
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Indian shares are likely to open flat-to-positive as the global markets surging on the back of optimistic comments on the trade deal between the US and China would support the domestic indices.
Indian shares are likely to open flat-to-positive as the global markets surging on the back of optimistic comments on the trade deal between the US and China would support the domestic indices, however, the political developments in Maharashtra could limit the gains.
Among the stocks in the news today, CARE Ratings downgraded Vodafone Idea and Gati Ltd, Muthoot Finance will acquire 100 percent stake in IDBI Asset Management (AMC) and IDBI MF Trustee company for Rs 215 crore while Unichem Lab received ANDA approval for Atenolol Tablets.
Stocks To Watch: Vodafone Idea, Muthoot Finance, Unichem Labs in focus
About MarketBuzz
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MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing.
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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Top stock recommendations by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for Monday
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Among stocks, Ashwani Gujral is bullish on JSPL, HDFC, Ujjivan Financial Services, and bearish on Havells and Indraprastha Gas. Sudarshan Sukhani is positive on Exide Industries, HDFC, and PFC, and negative on UPL. Mitessh Thakkar has ‘buy’ calls on Eicher Motors and JSW Steel, and ‘sell’ calls on TCS and Wipro.
Indian shares are likely to open flat-to-positive on Monday as the global markets surging on the back of optimistic comments on the trade deal between the US and China would support the domestic indices, however, the political developments in Maharashtra could limit the gains.
Among stocks, Ashwani Gujral is bullish on JSPL, HDFC, Ujjivan Financial Services, and bearish on Havells and Indraprastha Gas. Sudarshan Sukhani is positive on Exide Industries, HDFC, and PFC, and negative on UPL. Mitessh Thakkar has ‘buy’ calls on Eicher Motors and JSW Steel, and ‘sell’ calls on TCS and Wipro.
Here are the top buy-sell calls by market experts for Monday:
Ashwani Gujral – ashwanigujral.com
– Buy JSPL with a stop loss of Rs 139, target at Rs 152
– Buy HDFC with a stop loss of Rs 2,200, target at Rs 2,310
– Buy Ujjival Financial Services with a stop loss of Rs 300, target at Rs 321
– Sell Havells with a stop loss of Rs 644, target at Rs 620
– Sell Indraprastha Gas with a stop loss of Rs 408, target at Rs 390
Sudarshan Sukhani – s2analytics.com
– Buy Exide Industries with a stop loss of Rs 188, target at Rs 201
– Buy HDFC with a stop loss of Rs 2,150, target at Rs 2,400
– Buy PFC with a stop loss of Rs 115, target at Rs 125
– Sell UPL with a stop loss of Rs 545, target at Rs 515
Mitessh Thakkar – mitesshthakkar.com
– Buy Eicher Motors with a stop loss of Rs 22,580, target at Rs 23,200
– Buy JSW Steel with a stop loss of Rs 249.5, target at Rs 267
– Sell TCS with a stop loss of Rs 2,100, target at Rs 2,020
– Sell Wipro with a stop loss of Rs 247, target at Rs 233
Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
CNBC-TV18 Market Highlights: Sensex ends at record closing high, Nifty just 30 points away from new high
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Indian ended higher on Monday with Sensex at record closing high and Nifty just 30 points away from its all-time high, led by metals and real estate stocks. The Sensex ended 530 points higher at its record closing high 40,889, as against previous closing high of 40,653.74, hit on November 7, while, the Nifty50 index settled 159 points higher at 12,074.
Indian ended higher on Monday with Sensex at record closing high and Nifty just 30 points away from its all-time high, led by metals and real estate stocks. Meanwhile, gains in broader Asia on hopes of progress in the US-China trade talks also boosted sentiment.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Asia shares bounce, hope for best on US-China trade
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Asian shares made guarded gains on Monday as investors braced for another week of likely conflicting commentary on the Sino-US trade dispute, while the outperformance of recent US economic data gave the dollar a leg up on its peers.
Asian shares made guarded gains on Monday as investors braced for another week of likely conflicting commentary on the Sino-US trade dispute, while the outperformance of recent US economic data gave the dollar a leg up on its peers.
MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.26 percent, after losing 0.4 percent last week.
Japan’s Nikkei firmed 0.8 percent in early trade, while Australian stocks rose 0.5 percent. E-Mini futures for the S&P 500 added 0.2 percent.
On Saturday, US national security adviser Robert O’Brien said an initial trade agreement with China is still possible by the end of the year, but warned Washington would not turn a blind eye to what happens in Hong Kong.
The comments add to worries that a Chinese crackdown on anti-government protests in Hong Kong could further complicate the talks.
Over the weekend, pro-democracy candidates in Hong Kong romped to a landslide and symbolic majority in district council elections in the embattled city.
“Markets are showing some signs of tiring of the steady drip-feed of upbeat comments from US officials and no signs of a final agreement looking likely,” said Robert Rennie, head of financial market strategy at Westpac.
He noted six weeks had passed since the “phase-one” deal was agreed in principle yet there was still no deal in place.
“Key for markets will thus be whether the Dec 15 tariffs covering approximately $156 billion of largely technology imports are postponed and whether a deal can be signed ahead of that date, with press suggesting that these tariffs will be delayed to give negotiators more time.”
Reuters reported an ambitious “phase two” trade deal was also looking less likely, according to US and Beijing officials, lawmakers and trade experts.
Least Dirty
In currency markets, the dollar had rallied on Friday when US manufacturing surveys beat forecasts, just as European Union numbers disappointed.
“US economic data outperformed, highlighting again the resilience of the economy and that while global growth has slowed, it remains the least dirty t-shirt in the laundry basket,” said Tapas Strickland, a director of economics and markets at National Australia Bank.
“For the EU data, the important takeaway was the ongoing decline in the manufacturing sector is now spreading to the larger services sector, a worrying sign for the global economy.”
European Central Bank President Christine Lagarde on Friday called on eurozone governments to strengthen domestic demand after a global trade war brought a decade of export-driven growth to an abrupt end.
Federal Reserve Chair Jerome Powell speaks later on Monday and is expected to underline the steady outlook for rates given the better economic figures.
The euro was off at $1.1021 on Monday, having breached chart support at $1.1040, while the dollar edged up to 108.72 yen.
The dollar was steady on a basket of currencies at 98.258, after gaining 0.3 percent last week.
Spot gold was flat at $1,460.62 per ounce, restrained by the bounce in the dollar.
Oil prices held near two-month highs helped by expectations of an extension to OPEC+ production cuts.
Brent crude futures firmed 19 cents to $63.58, while US crude rose 24 cents to $58.01 a barrel.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Govt courts private hospitals to boost insurance programme
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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India will offer incentives to private hospitals to take part in the government’s health insurance programme, potentially the biggest of its kind in the world.
India will offer incentives to private hospitals to take part in the government’s health insurance programme, potentially the biggest of its kind in the world, a senior government official told Reuters.
Launched last year, the scheme is critical to Prime Minister Narendra Modi’s plans to reform the country’s health system, where private healthcare is too expensive for most people and public hospitals are overburdened and often dilapidated.
The “Modicare” programme offers families health cover of up to Rs 500,000 ($7,000) a year for serious ailments — a significant amount by Indian standards — but the scheme has struggled to gain traction.
India has so far registered about 20 percent of the eligible 500 million people, due to lack of public awareness of the scheme and low private sector participation, said Indu Bhushan, CEO of the National Health Authority (NHA), which runs the programme.
“There is a challenge of creating awareness and building the required infrastructure,” Bhushan said in an interview. “We need to work more on awareness … give us time.”
Under the programme, more than 6 million people have so far received treatment free of charge, he said.
Currently, 60 percent of the approximately 20,000 hospitals registered under the programme are in the private sector, Bhushan said, adding that increasing their participation was critical to the scheme’s success.
Private hospitals, however, are concerned about costs. A report by Indian lobby group FICCI and consultants EY said in August that private hospitals complained that treatment rates offered by the NHA covered only 40-80 percent of their costs.
Bhushan said his agency was in talks with hospitals, industry groups and service providers and was open to revising rates, even though he had last month increased payments offered to hospitals for some treatments.
“We are hoping that private sector would come. If rates are not viable, private sector will not come,” he said.
The NHA’s budget spending also reflects the slow uptake of the scheme. The health agency will spend only Rs 50-55 billion ($766 million) of the allocated Rs 62 billion in the current fiscal year that ends in March, said Bhushan.
In order to expand the scheme more swiftly, however, the NHA was likely to seek at least Rs 80 billion for next year, 30 percent more than its current annual budget, a senior government source said.
“In the next one year, the scheme should be quite well-known across the country,” Bhushan said.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Bills on corporate tax, unified regulator for IFSCs in Lok Sabha today
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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The government will introduce two important Bills in the Lok Sabha on Monday — the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.
The government will introduce two important Bills in the Lok Sabha on Monday — the Taxation Laws (Amendment) Bill and the International Financial Services Centres (IFSCs) Authority Bill.
These Bills were cleared by the Union Cabinet on November 20. The Taxation Laws (Amendment) Bill provides for reduction in rates of corporate income tax as an additional fiscal stimulus to attract investment, generate employment and boost growth.
A new provision was inserted in the Income Tax Act that with effect from the current financial year (2019-20), an existing domestic company can opt to pay tax at 22 percent plus surcharge at 10 percent and cess at 4 percent if it does not claim any exemption.
Since these could have been achieved through an amendment to the Income tax Act, 1961 (IT Act), or to the Finance Act, as the Parliament was not in session, it was done through promulgation of The Taxation Laws (Amendment) Ordinance 2019 (the Ordinance) in September, 2019.
The same Cabinet meeting also approved the introduction of International Financial Services Centres Authority Bill, 2019, in the Lok Sabha after its withdrawal from the Rajya Sabha. This provides for a unified financial regulator for IFSCs.
The Union Cabinet in a meeting held on February 6, 2019, had approved the proposal for the establishment of a unified authority for regulating all financial services through the introduction of the International Financial Services Centres Authority Bill 2019 in the Parliament. Subsequently, the Bill was introduced in the Rajya Sabha on February 12, 2019.
The withdrawal from Rajya Sabha has been necessitated as the Lok Sabha Secretariat has now conveyed that this is a Finance Bill under Article 117(1) of the Constitution which should be introduced in the Lok Sabha accordingly with the recommendation of the President under Article 117(1) and 274(1) of the Constitution.
The introduction of the Taxation Laws (Amendment) Bill, 2019 will replace the Ordinance issued in September.
Economic developments after the enactment of the Finance (No. 2) Act, 2019 along with reduction of the rate of corporate income tax by many countries world over necessitated the provision of additional fiscal stimulus to attract investment, generate employment and boost the economy.
In order to promote growth and investment, a new provision was inserted in the IT Act to provide that with effect from the current financial year (2019-20), an existing domestic company may opt to pay tax at 22 percent plus surcharge at 10 percent and cess at 4 percent if it does not claim any incentive/deduction.
The effective tax rate for these companies comes to 25.17 percent. They would also not be subjected to Minimum Alternate Tax (MAT).
In order to attract fresh investment in manufacturing and provide a boost to the ‘Make in India’ initiative of the government, another provision was inserted to the IT Act to provide that a domestic manufacturing company set up on or after October 1, 2019 and which commences manufacturing by March 31, 2023, may opt to pay tax at 15 percent plus surcharge at 10 percent and cess at 4 percent if it does not claim any incentive/deduction. The effective rate of tax comes to 17.16 percent for these companies. They would also not be subjected to MAT.
Currently, the banking, capital markets and insurance sectors in IFSCs are regulated by multiple regulators i.e. RBI, Sebi and Irdai. The dynamic nature of business in the IFSCs necessitates a high degree of inter-regulatory coordination. It also requires clarifications and frequent amendments in the existing regulations governing financial activities in IFSCs.
The development of financial services and products in IFSCs would require focused and dedicated regulatory interventions. According to an official statement, a need is felt for having a unified financial regulator for IFSCs in India to provide world class regulatory environment to financial market participants.
Further, this would also be essential from an ease of doing business perspective. The unified authority would also provide the much-needed impetus to further development of IFSCs in India in-sync with the global best practices.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Indian shares are likely to open flat-to-positive as the global markets surging on the back of optimistic comments on the trade deal between the US and China would support the domestic indices, however, the political developments in Maharashtra could limit the gains. Among the stocks in the news today, CARE Ratings downgraded Vodafone Idea and Gati Ltd, Muthoot Finance will acquire 100 percent stake in IDBI Asset Management (AMC) and IDBI MF Trustee company for Rs 215 crore while Unichem Lab received ANDA approval for Atenolol Tablets. Here are the stocks to watch out for:
Vodafone Idea: CARE revised NCD long term ratings to CARE BBB- from CARE A-. The downgrade is on account of significant erosion in the overall risk profile of the company while taking into cognizance of the financial impact of unfavorable ruling of Supreme Court, significant losses in Q2FY20 due to provision related to AGR dues, recognition of deferred assets and provision for additional depreciation or impairment of assets and consequently resulting in the significant deterioration in the tangible net worth and overall debt protection metrics, it said. Rating agency CRISIL also revised ratings on NCD from BBB+ to BBB-.IDBI Bank, Muthoot Finance: Muthoot Finance has entered into an agreement to acquire IDBI Bank’s mutual fund unit, making its entry into mutual fund asset management space.Unichem Lab: The company has received approval for its Atenolol Tablets USP in the strength of 25 mg, 50 mg, and 100 mg.Ashoka Buildcon: The company’s subsidiary Ashoka Concessions Limited has received a Letter of Award (LOA) from the National Highways Authority of India for a project in Telangana worth Rs 1,000 crore.Gati Ltd: CARE has revised the long term bank facilities and medium term fixed deposits to BB+, with stable outlook.Power Grid: Power Grid Corporation of India Limited has been declared as a successful bidder in two intra-state transmission system projects of Uttar Pradesh under tariff-based competitive bidding (TBCB).Shree Cement: The company has allotted 12.43 lakh equity shares to qualified institutional buyers at Rs 19,300 each.MEP Infra: The company has received a Letter of Award (LOA) for a project in Uttar Pradesh worth Rs 158 crore.Zee Entertainment: Subodh Kumar has resigned as director of the company with effect from November 22, 2019. The resignation letter will be placed before the board at the next meeting for appropriate noting.Shoppers Stop: The company has added one store in Navi Mumbai, taking the total store count to 85.
1. Asia: Shares in Asia traded higher after the US and China made positive comments on the trade deal. The Nikkei 225 in Japan rose 0.79 percent in early trade, with shares of index heavyweights Fast Retailing, Softbank Group, and Fanuc all seeing gains. South Korea’s Kospi also gained 0.93 percent. Overall, the MSCI Asia ex-Japan index traded 0.27 percent higher. (Image: Reuters) 2. US: Wall Street advanced on Friday as both Washington and Beijing made positive comments on the potential for a trade deal between the world’s two biggest economies and upbeat domestic economic data helped to ease investor worries. The Dow Jones Industrial Average rose 109.33 points, or 0.39 percent, to 27,875.62, the S&P 500 gained 6.75 points, or 0.22 percent, to 3,110.29 and the Nasdaq Composite added 13.67 points, or 0.16 percent, to 8,519.89. (Image: AP)3. Markets At Close On Friday: Indian equities edged lower on Friday, dragged by IT stocks, even as Asian shares recovered from a three-week low though concerns over trade negotiations between China and the United States lingered. The Sensex ended 216 points lower at 40,359, while the Nifty50 index ended 52 points lower at 11,916. For the week Sensex was up 0.03 percent and Nifty rose 0.2 percent. Meanwhile, the foreign institutional investors sold Rs 832 crore in the cash market while the domestic institutional investors bought Rs 679 crore during Friday’s trading session. (Image: Reuters)4. Currency: The Indian rupee furthered its gains by 5 paise to close at 71.71 against the US dollar on Friday, helped by sustained foreign fund inflows and lower crude oil prices. Starting on a steady note, the rupee went through bouts of volatility during the session and touched an intra-day low of 71.87 against the US dollar. Experts attributed the initial bouts of volatility in the forex market to lack of guiding factors on the domestic front and uncertainty with regard to ongoing global trade tariff tussle. (Image: Reuters)5. Crude Oil: Oil prices fell on Friday, pulling back from two-month highs as concern over U.S.-China trade talks overshadowed expectations of an extension to OPEC+ production cuts. Brent crude futures shed 40 cents to settle at $63.57 a barrel. West Texas Intermediate (WTI) crude futures shed 81 cents, or 1.4 percent, to settle at $57.77 a barrel. (Image: AP)6. Government On Oil PSUs: The government may end the cross-holding structure existing in the oil sector as it looks to further consolidate operations of public sector enterprises and go ahead with its privatization plan by getting a fair valuation of assets. Official sources said that all oil sector PSUs would be asked to exit from their investments made in equity shares of other state-owned entities. This could be done in phases, depending on the market conditions, so that the shares get a maximum valuation. (Image: Reuters)7. DIPAM On ETF Funds: The government has so far garnered Rs 17,364.26 crore from disinvestment, but around 82 percent (Rs 14,369.03 crore) of it has been accrued from the index funds and not from stake sales, showing the reliance on funds have worked out well for selloff as a strategy. The Bharat 22 ETF under its FFO 2 mopped up Rs 4,368.80 crore and CPSE ETF under FFO sixth tranche collected Rs 10,000.32 crore in this financial year, as per the Department of Investment and Public Asset Management (DIPAM) data. (Image: Reuters)8. Government To Amend IBC: The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution for financial crimes committed by erstwhile promoters. This will help make the insolvency process more attractive for the bidders and instill confidence in them, sources said. The amendment comes after several companies that are vying for assets being auctioned under IBC expressed concern regarding getting into legal trouble over the cases against previous promoters. In many of the cases under insolvency, the promoters are under investigation by various agencies, the sources said. (Image: IANS)9. RBI On Corporate Governance: The Reserve Bank is looking at introducing new rules on corporate governance for banks in sync with global ones, and would also like lenders to disclose more, Deputy Governor N S Vishwanathan said on Friday. Vishwanathan also urged banks to recognize losses because of NPAs as early as possible and not to defer the same. Citing the case of under-reporting of NPAs which used to go unrecognized earlier and is made compulsory now, and the benefits it gets, the DG urged banks to disclose as much as possible to present a truthful picture. (Image: Reuters)10. RBI Governor On Finance Commissions: Reserve Bank Governor Shaktikanta Das on Friday said there is a “great need” to institutionalize state finance commissions and helping the local bodies enhance their revenue generation capacities. He said fiscally strong states and Centre is the “essence” of Indian federalism and weakness at either end poses a slew of challenges for the country. The governor also said that GST introduction and formation of Niti Aayog give a greater role to the states in our federal set up. Das said local bodies deserve more attention and is an aspect that needs to be looked into. (Image: PTI)
Tone of disbelief, playing on puns: How newspapers reacted to Maharashtra political shocker
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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While the headline of The Hindu used ample words to point out the coup in the NCP: “Fadnavis sworn in as CM after Ajit Pawar ditches uncle”, the Indian Express wrote across the page: “While you were sleeping” emphasising the odd nature of the early morning developments.
Frontpage headlines across the country on Sunday carried matter-of-fact tones as well as those of disbelief and sarcasm, a day after morning newspapers were caught on the wrong foot following an overnight change in the political developments in Maharashtra.
While the headline of The Hindu used ample words to point out the coup in the NCP: “Fadnavis sworn in as CM after Ajit Pawar ditches uncle”, the Indian Express wrote across the page: “While you were sleeping” emphasising the odd nature of the early morning developments.
Hindustan Times’ story on the political twist ran with “Maharashtra drama continues: Fadnavis is CM, Ajit his deputy”. English daily Times of India drew a comparison with the ongoing India-Bangladesh day-night test match in Kolkata. “The real Day-Night test is in Mumbai,” the headline read.
Shiv Sena mouthpiece Saamna covered the event with harsh words that read: “Height of shameless politics, Ajit Pawar’s revolt fizzles out”.
New Delhi: A collage of English newspapers fronted with headlines on Maharashtra government formation, in New Delhi, Sunday, Nov. 24, 2019. (PTI Photo/ Vijay Verma)
A few newspapers including The Sunday Guardian, Mail Today, and The Pioneer mentioned the dispute in the Sharad Pawar-led NCP. While The Sunday Guardian read: “Pawar outplays Pawar in Maha stunt”, the Mail Today ran “Maha coup – the inside story” as the headline, and the New Sunday Express carried the story with “Confusion after coup”. “Pawar coup unsettles Sena,” read the Pioneer’s headline.
Vernacular dailies too grabbed the chance to run witty headlines. Hindi dailies Dainik Bhaskar and Navodaya Times (NBT) played with the name ‘Pawar’. While Bhaskar’s headline read “Pawarful Politics”, Navoday Times carried “Pawar brake” on its front page.
Mumbai: Copies of local newspapers fronted with headlines on Maharashtra government formation, in Mumbai, Sunday, Nov. 24, 2019. (PTI Photo/Mitesh Bhuvad)
Drewing comparison with a game of chess due to the surprising move by the BJP, Rajasthan Patrika’s headline read: “Shah…maat…phir shanshay (Check…mate…then doubt)”. Hindi newspaper Sanmarg also compared the news to a game of chess while making a pun on the word ‘Shah’. “Sha(a)h aur maat (check and mate),” it read.
Bengali daily Anandbazar Patrika compared the surprise political move to India’s retaliation across the Line of Control in 2016. The paper ran the story with “surgical strike” as its headline.
A number of newspapers focussed on the late-night nature of the political turnaround.
While Bengali daily Bartman carried the headline “BJP captures Maharashtra at midnight”, Ganashakti ran with “Big forgery at midnight”. Tamil dailies Dinathanthi and Dinakaran also focussed on the midnight angle in their headlines.
Mumbai: Copies of local newspapers fronted with headlines on Maharashtra government formation, in Mumbai, Sunday, Nov. 24, 2019. (PTI Photo/Mitesh Bhuvad)
“The nation was sleeping, a political earthquake happened, an unexpected twist in Maharashtra, BJP forms govt,” wrote Dinathanthi. “(BJP) forms government in Maharashtra after splitting NCP at midnight,” read Dinakaran’s headline.
Malayalam daily Deshabhimani and Kerala Kaumudi carried the headlines “Midnight treachery” and “Strike at dark, sabotage”, respectively.
Till Friday, political pundits, as well as media houses, remained focused on the then ongoing talks between Congress, NCP and Shiv Sena to form the government in the western state. Some front page headlines also carried an initial disbelief after Fadnavis was sworn-in as the CM.
Telugu daily Sakshi and Andhra Jyothy carried: “Maha scene reverse” and “Maratha…Ulta-Pulta”, respectively.
While the Hans India’s story ran with “Maha midnight stunner”, Hindi daily Hindustan carried a proverb depicting something that changes instantly. “Maharashtra me pal me tola, pal me masha,” it read.
As most newspapers remained in the ambit of being witty or even sarcastic, some went ahead and printed front pages with rather hard-hitting and unusual headlines.
“Chichen coop…government cackle at dawn after a midnight start,” read Telugu daily Eenadu’s headline.
Known for its blunt cum catchy headlines, The Telegraph carried “We, the idiots” as the headline, hinting at the beginning of the Preamble to the Indian Constitution with “We, the people”.
Deccan Chronical and Asian Age, going a step forward, printed the Sunday paper with something readers don’t expect to find in daily newspapers: “WTFadnavis”.
Newspapers on Saturday morning had carried headlines declaring Shiv Sena leader Uddhav Thackeray to be the next Maharashtra chief minister. However, the political scenario in the state had already changed by the time the dailies arrived to people’s doorsteps, with BJP’s Devendra Fadnavis making a sudden come back as the CM.
Given the previous day’s political shocker, Sunday’s front-page headlines across the country played with words to describe the surprise element of the situation.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Why you should choose mutual fund over individual stock
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
You cannot predict the future, so at the time of investing, you would not know whether the stock that you are investing in is going to provide great returns in the future or crash and make you lose your hard-earned money.
Whenever investing is talked about, you would probably hear stories about how much the stock of Wipro or Infosys has risen since their inception. You might also get to hear that if you would have bought shares of Eicher Motors instead of buying a Bullet, or shares of Page Industries instead of Jockey products, you would have made a lot of money. However, have you actually seen people make this kind of money? Are these stories fake? Not at all! What you need to think about is that the time to invest in these stocks was different. Did you have the time or money to do that investment in the past? Was your risk profile suitable for such an investment at that time?
In addition to this, these are just success stories that you hear. You have also heard of Jet Airways, Kingfisher, Satyam, etc. as the other side of the coin.
Investing in stocks
You cannot predict the future, so at the time of investing, you would not know whether the stock that you are investing in is going to provide great returns in the future or crash and make you lose your hard-earned money. If you wish to invest in the stock market, you should do so only if you tick the following three boxes:
1) You have around Rs 25 lakh to invest in the stock market which is not more than 5 percent of your net worth. Though there is no fix formula for this but the logic is to withstand any major loss in your stock investments and restricting it to 5 percent of your total net worth in the initial phase of your stock market investment will make you handle any negative situation without losing your sleep.
2) You have enough time to do your research and understand the stock market.
3) You have enough experience to be able to know when to buy and sell in the stock market.
It might not be so that everyone can tick these three boxes. However, this does not mean that equity investment is out of the picture. If you want to go in the stock market, then you can start off with blue-chip stocks. Most of these companies are too big to fail, so it is hard to go wrong here. You can diversify to mitigate your losses here too, in case even a blue chip company fails. The strategy to employ here is that you buy these stocks, and your children will sell it. The point is to invest for the long term, following the principle of buying a stock, not renting a stock, as said by John Bogle, former CEO of the Vanguard Group.
Looking beyond blue chip stocks, investing in small-cap or mid-cap companies through stocks is very difficult. Regular tracking, and knowing how much and when to buy or sell is difficult when you are not doing this full time. Mid-cap and small-cap shares can help you make a lot of money, but you may also lose a lot of money if you don’t play your cards well. This is where mutual funds can come to your rescue to help you make money from this sector with a reduced element of risk.
Benefits of mutual fund investment
Diversification is built into mutual funds by default. They can invest in different securities by aggregating the money of a pool of investors. Mutual fund investment is professionally managed by a fund manager on behalf of the investors, where each investor holds a particular share of the entire portfolio and is a participant in any losses or gains of the fund. The fund’s portfolio is structured to match the objectives stated in the prospectus.
Since a mutual fund manager has access to market information and manages funds professionally, it is of great benefit to smaller investors. Mutual Funds can trade cost-effectively and help to mitigate risk because of the number of stocks they invest in. Even if one or more stocks tumble, other stocks can help to cover up for that loss.
Mutual funds also give access to the equity market at a lower price, for as low as Rs 500 per month, where you can gradually build up your corpus by increasing your investment and investing slowly but steadily.
You should go ahead and invest in the stock market only once you have a sizeable chunk of investments ready in mutual funds. If your expectation of returns from the equity market is 12-13 percent, then mutual funds are the way to go.
Keep in mind that you can lose money even in mutual funds if you have the wrong strategy, or choose the wrong schemes to invest in. Going with multi-cap or index funds is a safe and easy choice for those looking to start off with mutual fund investment.
Rishabh Parakh is a personal finance strategist and Chief Gardener of Money Plant Consultancy, an established firm providing tax and wealth management services across Maharashtra, Singapore and the UK.
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