Tuesday, 21 May 2019

Asian shares

|Near | four-month | lows | on Huawei | fallout fears |

The Philadelphia Semiconductor Index fell 4.02% to two-month lows. Apple fell 3.1% to its lowest level since early March.

Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House's black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade but stayed close to a four-month low touched on Friday. It has fallen about 8% from a nine-month peak hit just over a month ago. Japan's Nikkei fell 0.5%.
In New York, the S&P 500 lost 0.67% while the Nasdaq Composite dropped 1.46%. The Philadelphia Semiconductor Index fell 4.02% to two-month lows. Apple fell 3.1% to its lowest level since early March.
"With the news around the U.S. and Huawei taking a turn for the worse, it seems that the trade war is increasingly showing signs of becoming a tech war," said Seema Shah, senior global investment Strategist at Principal Global Investors in London. "The further this trend develops, the bigger the collateral damage will be รข€“ particularly in Asia and the U.S., but the ripple effect will be significant across the globe."
The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China's Huawei, allowing the company to purchase American-made goods to maintain existing networks and provide software updates to existing Huawei handsets for 90 days.
But that was of little comfort for investors who are worried about the increasingly acrimonious atmosphere between the world's two biggest economies.
Some U.S. companies, such as Alphabet's Google and Lumentum Holdings Inc, have already started to limit services to Huawei.
"The determination of the U.S. administration to paralyze China's aspirations to become a technology superpower is clear when you consider that its actions against Huawei are not only damaging to China‘s technology sector but also the US tech sector," Shah said.
Corporate earnings guidance provided to investors so far does not take into account the impact of the Huawei ban, said Nobuhiko Kuramochi, chief strategist at Mizuho Securities.
"The sales of semiconductors will be curtailed at least in the short-term and companies will likely need to revise down their earnings," he said.
Markets showed a scant reaction to the speech by Federal Reserve Chairman Jerome Powell, who dismissed comparisons between the rise of business debt to record levels in recent years and the conditions in U.S. mortgage markets that preceded the 2007-to-2009 economic crisis.
In the foreign exchange market, major currencies were on the sideline for now.
The euro was under pressure ahead of the European election this weekend but was little moved at $1.1169, off Monday's low of $1.1150, its lowest level since May 3.
The dollar slipped slightly to 110.05 yen from Monday's near two-week high of 110.32 yen.
The British pound is listless near four-months, trading at $1.2728, just a stone throw from Friday's low of $1.2714, as an embattled UK Prime Minister Theresa May struggled to pull together a Brexit deal.
The offshore yuan stood at 6.9403 to the dollar, just above Friday's 5-1/2-month low of 6.9497.
Oil prices held near multi-week highs as OPEC indicated it was likely to maintain production cuts while escalating Middle East tensions provided further support.
Brent crude futures traded up 0.1% at $72.07 per barrel while U.S. crude futures fetched $63.30 per barrel, up 0.3 percent.

Source:- https://www.moneycontrol.com/news/business/markets/asian-shares-near-four-month-lows-on-huawei-fallout-fears-3997211.html

Tuesday, 14 May 2019

Stocks in the news

| Siemens | Godrej Industries | Avadh Sugar | Engineers India | Aarti Industries |

Divis Lab | United Bank of India | Engineers India and Indian Acrylics are stocks which are in news today.

Here are the stocks that are in news today:

Results Today: Siemens, Nestle India, UCO Bank, Union Bank of India, Welspun Corp, Zee Media Corporation Edelweiss Financial Services, Endurance Technologies, Film Industries, HOEC, IIFL Holdings, Lumax Industries, Pidilite Industries, Polycab India, PTC India, Sequent Scientific, Speciality Restaurants, Tribhovandas Bhimji Zaveri, Westlife Development.

CARE reaffirmed credit rating on the bank facilities of PNC Infratech subsidiary PNC Khajuraho Highways as CARE A
Godrej Industries Q4: Consolidated net profit at Rs 424 crore versus Rs 178.3 crore, revenue up 48.3 percent at Rs 2,917 crore versus Rs 2,004 crore, YoY.
Indian Acrylics Q4: Net profit up 81.8% at Rs 5 crore against Rs 2.6 crore, revenue up 47.5% at Rs 174.2 crore versus Rs 118.1 crore, YoY
Avadh Sugar recommended the issue of bonus shares in the ratio of 1:1
Shreyans Industries recommended a final dividend of Rs 5 per equity share
CRISIL downgraded DHFL’s commercial paper rating to A4+ from A3+ due to more than expected reduction in the company’s liquidity
Aarti Industries board may consider the issue of bonus shares on May 21
United Bank of India board approved raising of Rs 1,500 crore via equity
Engineers India signed a contract with Mangol Refinery from providing its PMC Services for the construction of Crude Oil Refinery plant in Mongolia
Analyst or Board Meet/Briefings
BEML board meeting on May 25 to consider and approve the financial results for the period ended March 31, 2019, and dividend
Lakshmi Vilas Bank board meeting on May 28 to consider and approve the financial results for the period ended March 31, 2019
Divis Lab board meeting on May 25 to consider and approve the financial results for the period ended March 31, 2019, and dividend
JSPL board meeting on May 21 to consider and approve the financial results for the period ended March 31, 2019

Source:- https://www.moneycontrol.com/news/world/north-korea-says-ship-seizure-by-us-violates-spirit-of-trump-kim-summit-3969541.html

Wednesday, 8 May 2019

Alembic Pharma

Gains 3% on JV with Chinese firms

|SPH Sine | Alembic & Adia shall hold 51 percent | 44 percent & 5 percent | equity respectively in the joint venture.|

Shares of Alembic Pharmaceuticals rose 3 percent in the early trade on Wednesday after the company entered into JV agreement with Chinese firms.

The company has entered into a joint venture agreement with SPH SINE Pharmaceutical Laboratories Co Ltd, China & Adia (Shanghai) Pharma Co Ltd, China to promote and sell pharmaceutical products for the Chinese market, as per company's BSE filing.
Initially, this JV will commercialize products manufactured by Alembic Pharmaceuticals and subsequently the JV plans to set up a manufacturing facility in China, it added.
The JV will commercialize products in the Chinese market which has an increasing demand for generic drugs. It will initially launch with a portfolio of oral solids and is expected to widen to other areas like injectable, ophthalmology, dermatology & oncology which are being currently developed and manufactured by Alembic.
SPH Sine, Alembic & Adia shall hold 51 percent, 44 percent & 5 percent equity respectively in the joint venture.
At 09:22 hrs Alembic Pharmaceuticals was quoting at Rs 561.20, up Rs 10.10, or 1.83 percent on the BSE.
Source:- https://www.moneycontrol.com/news/business/stocks/alembic-pharma-gains-3-on-jv-with-chinese-firms-3945591.html

Monday, 6 May 2019

Board exams results

India| needs | to |Reduce| Pressure |on students|

There has been a spike in the number of students committing suicide if they fail in an examination

Image for representation

Within two weeks of the Class 12 board examination results being declared by the board of intermediate education in Telangana, 20 students have taken their lives. The board officials have admitted to a 'technical glitch' that lead to erroneous marks being awarded to students. One student reportedly got 0 in a subject which was later corrected to 99 marks.
Though there has been a huge public outcry in the state over the matter, the board authorities seem lax in the investigation process, blaming the external examination partner instead. Due to the error, thousands of students have been failed as per the score-card. The board has now begun the process of revaluation.
As per government statistics, 9,474 students committed suicide in India in 2016. This was compared to 8,068 in 2014 and 8,934 in 2015. In 2016, a total of 2,413 students committed suicide after failing in an examination.
deaths and suicides
Board examinations in India are no less than a period of panic for both parents and students. Since future career choices, as well as the choice of the higher education institute, is purely dependent on the marks scored in the board examinations of classes 10 and 12, there is immense pressure on students.
No doubt that parents want the best education for the child. However, this is no excuse to push the child to score above a certain percentage, which depends on multiple factors. In the Telangana case, for instance, students who had topped in the past examinations ended up scoring less than 40 percent in subjects which were a software error.
Higher educational institutions like the Delhi University (DU) end up having unattainable cut-offs for admission. Those scoring below 90 percent don't even stand a chance to make it to the first list at some of the colleges under DU.
Schools are now going to the other extreme by ensuring that students literally slog it out last year. Uma Theatre, whose son has just been promoted to Class 10 is upset that he does not have any summer vacations this year.
His school will be open all Saturdays and will conduct classes even in the humid summers of May. The reason? Board examinations are important.
Examinations are important, no doubt. They help analyze the knowledge of the student so that he/she is prepared for their future careers. But an often repeated fact needs to be drilled down; marks are not the only criteria. Former human resource development minister Kapil Sibal had also tried to make Class 10 board examinations optional, however, that system was scrapped later.
Top corporate houses have stated that students passing out of institutes with the highest marks are not skilled enough for the job. Rote learning and aiming only for the highest marks will not surely get you the corner office role.
While all board examination results are being declared, it is time to sit back and introspect. If you have scored very well, congratulations. If not, do not worry. Life will present many more opportunities.

Wednesday, 1 May 2019

Sebi order in co-location case

Will not impact market, says NSE CEO Vikram Limaye

The Securities and Exchange Board of India's (Sebi) order in the NSE co-location case will not impact the market, said Vikram Limaye, managing director and CEO, National Stock Exchange.

"The markets will function normally, the way they have been functioning in the past. It has no impact on the market, it has no impact on NSE functioning as a stock exchange as it has been for the last 25 years," said Limaye, in an interview with CNBC-TV18.
The market regulator has barred the NSE from the securities market for 6 months in the co-location case. It has directed the leading stock exchange to disgorge more than Rs 625 crore.
"Rs 625 crore with 12 percent interest is not an insignificant amount," said Limaye.
"This is not an order on NSE's functioning as a market infrastructure institution or as a stock exchange... the immediate interpretation could be that if we had any plans to go public and raise money from the markets, that cannot be done for 6 months," he explained.
"Indian markets are trusted markets by global investors. This order has no implications on the trust that investors have in the Indian market. There is nothing in here that should cause any kind of confusion in anybody's mind about the trust in the Indian market. Investors have been investing in the Indian markets over the last few years while this investigation has been ongoing, I do not think it has caused any kind of disruption for investors, markets have been functioning very well, they are very well regulated," Limaye further added.

Resource:- https://www.cnbctv18.com/videos/market/sebi-order-in-co-location-case-will-not-impact-market-says-nse-ceo-vikram-limaye-3140601.htm

Monday, 29 April 2019

Stocks in the news

HPCL | JSW Energy | GMM Pfaudler | Hero Motocorp | Yes Bank and CONCOR are stocks, which are in news today.

Asian shares

|Near | four-month | lows | on Huawei | fallout fears | The Philadelphia Semiconductor Index fell 4.02% to two-month lows. Apple fell 3...