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Sovereign Gold Bond Scheme 2020-21 Series V

We are pleased to inform you about the Sovereign Gold Bonds 2020-21 Series V issuance calendar as decided by Government of India, in consultation with the Reserve Bank of India. They are denominated in grams of gold and can be purchased instead of physical gold. Investors can invest in Sovereign Gold Bond Scheme 2020-21 Series V…

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Weekly Market View – 1st August 2020

Indian Market Outlook: The Key benchmark indices fell over 1% over the week after the sixth consecutive weeks that Nifty closed with gains. Index heavyweight RIL contributed the most to the benchmark’s decline and dropped 1.98 per cent post Q1 numbers. Nifty ended the week 1.08 percent lower at 11073 points while Sensex ended 1.37…

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Techno Funda Research Report | Recommended Stock of the Week (1st August 2020)

Sun Pharmaceuticals Industries is in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharmaceutical Ingredients (APIs). The Company’s products include AB PHYLLINE, ABZORB DUSTING POWDER, ACAMPROL, ACOSTIN 3 MIU, ACOSTIN FORTE and AB PHYLLINE SR 200. Its manufacturing units are situated in India, the United States…

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Daily Market Outlook – 31st July 2020

NIFTY: The Nifty opened almost unchanged in the morning, moved up, and then spent one hour trying to cross 11300 decisively. Price did not hold the higher levels and started a down move. From 12:40 PM onwards, the index began to fall steadily. A sharp intraday decline of 200 points (from intraday high to intraday…

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Daily Market Outlook – 30th July 2020

NIFTY: The Nifty opened almost unchanged after daybefore’s big move. This should have been taken to be positive because the US markets weighed down overnight. The fact that India was opening almost unchanged was not bearish. After a very brief foray in positive territory, the index started falling and reached a low of 11240 rather…

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Daily Market Outlook – 29th July 2020

NIFTY: After five days of narrow range movement, the Nifty decided to finally begin a breakout and the breakout was on the upside. We had identified a resistance of 11200 in the Nifty. During the day the index crossed this resistance and then did not look back, touching a high of 11318 before closing significantly…

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Result Analysis: Kotak Mahindra Bank

Kotak Bank 1QFY21 Result 1QFY21 4QFY20 1QFY20 QoQ% YoY% Net Interest Income 3724 3560 3161 4.6% 17.8% Other Income 774 1489 1317 -48.0% -41.2% Fee and Services 776 1270 1162 -38.9% -33.2% Others (2) 219 155 -100.9% -101.3% Net Total Income 4498 5049 4478 -10.9% 0.4% Employee Cost 911 970 902 -6.1% 1.0% Other Operating…

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Daily Market Outlook – 28th July 2020

NIFTY: The Nifty had a very narrow movement throughout the day, continuing this narrow range moves over the last five days. Yesterday was the fifth day of very narrow ranges in the Nifty. The index opened with very marginal losses just slightly lower, and then throughout the day moved in a range between 11100 and…