Market Surges In Early Trade

Domestic stocks saw a gap-up opening tracking firm Asian stocks. At 9:30 IST, the barometer index, the S&P BSE Sensex, was up 375.33 points or 1.14% at 33,394.40. The Nifty 50 index was up 125.95 points or 1.24% at 10,254.35.

The S&P BSE Mid-Cap index was up 1.33%. The S&P BSE Small-Cap index was up 1.57%. Both these indices outperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,459 shares rose and 197 shares fell. A total of 41 shares were unchanged.

Overseas, Asian shares were trading higher as optimism grew that the US and China will step back from the brink of a trade war. Representatives from China and the US left the door open for a negotiated solution to avoid tariff proposals that wouldn’t take effect for months. Markets in mainland China, Hong Kong and Taiwan were closed for holidays.

China’s tariffs would place 25% duties on major US exports to China including airplanes, autos and soybeans, covering 106 categories of products and affecting $50 billion of goods. The announcement followed plans by the Trump administration to impose tariffs of 25% on Chinese products worth $50 billion, on top of levies introduced on steel and aluminum last month. Retaliatory Chinese levies on US pork and fruit came into effect early this week.

US stocks closed sharply higher yesterday, 4 April 2018 amid heavy intraday volatility as investors speculated the likelihood of, or the potential impact from, a trade war between the United States and China.

Traders and investors are awaiting the outcome of the Reserve Bank of India’s (RBI) monetary policy meeting. The RBI’s two-day Monetary Policy Committee (MPC) meeting began yesterday, 4 April 2018 for the first bi-monthly monetary policy for 2018-2019. The resolution of the MPC will be announced at 14:30 IST today, 5 April 2018. As per reports, the central bank is likely to keep interest rates unchanged in the first monetary policy review of the current fiscal year, amid a gradual recovery in growth and easing inflation.

Interest rate sensitive stocks in focus ahead of RBI’s rate decision

Shares in interest-rate sensitive sectors such as auto, banking and realty will be in focus ahead of the Reserve Bank of India’s (RBI) monetary policy decision today, 5 April 2018.

The RBI’s two-day Monetary Policy Committee (MPC) meeting began on 4 April 2018 for the first bi-monthly monetary policy for 2018-2019. The resolution of the MPC will be announced at 14:30 IST today, 5 April 2018. As per reports, RBI is likely to keep interest rates unchanged amid a gradual recovery in growth and easing inflation.

In its last meeting on 7 February 2018, RBI decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6%. Consequently, the reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the bank rate at 6.25%.

Dynamics of Equity Analysis and Portfolio Management

Internship is that time in a student’s life where he/she is exposed to the functioning of the real world. Having done my internship in my first year of PGPM, a whole new world of Investments opened up for me. I did my internship from a small sub broker of IIFL called Amrutleela Equities Pvt Ltd. One of the registered brokers with NSE, BSE and MCX, Amrutleela specialized in the segment of Equity and Derivatives trading.

I made two reports for my Internship, The Initial report and the Final Report. The Initial reports consists of my first Equity research reports which I created using Relative valuation and also studied Technical analysis and how to apply them across different asset classes. My Final report spoke about concepts beyond Valuation such as Market Efficiency and Investment Theory which forms the basis of Portfolio Management.

I now share my two reports here with anyone who wishes to access and gain something out of it. Use all the Data in these to the fullest, All the more power to you. Also, if you feel there is any area of finance that I should write about which will help anyone in their projects please drop in a comment and I’ll try my best to put something up.

Happy Reading..!!

interim report

Aamir final report

https://drive.google.com/open?id=1eFrw9FGjPIROllatryrAbF-oZbITHHfU

The Journey Begins

 

"Investing should be more like watching paint dry or watching grass grow. 
If you want excitement, take $800 and go to Las Vegas..!!"Warren Buffett

Welcome to my world of Value Investing where we will take the first fundamental steps in value investing. Here I’ll lay the foundation of different approaches to valuations. There’s no established way for finding the value of an asset. But that’s what makes it so intriguing. You could try a hundred approaches and all of them might work. So by the time you check my site, I hope you might be a little clearer on what works best for you..!!

Welcome to A.K. Financial Services.