Global inflation on the rise. Why aren’t central banks worrying?

3. August 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Central banks are under pressure from rising inflation but so far they have brushed it aside as ‘transitory.’

The COVID-19 pandemic continues to challenge central banks. When the pandemic struck and economies nosedived, the pressure was on central banks to rescue and sustain the economy. This led to a fast opening of liquidity floodgates to stay the economy humming. A year later fortunes have changed. And now an increase in inflation has put pressure on central banks to tighten the hosepipes they opened last year. How do central banks deal with this sudden change of events?

The accompanying graph pictures this turnaround of fortunes during a few selected advanced economies. We see that since the pandemic in February 2020, inflation in these economies which was already less than the target of two percent, started drifting even lower. The low inflation indicated low demand which was due to global a slowdown as policymakers imposed lockdowns that curtailed economic activity.

From Jan 2021 onwards, we see rise in inflation due to stronger recoveries in economies and partly due to the bottom effect. In its June 2020 outlook, the International fund had projected the planet economy and advanced economies to shrink 4.9 percent and eight percent respectively in 2020. Since then, IMF has upgraded its forecast in subsequent outlooks. within the recent July 2021 outlook, it said the planet economy and advanced economies contracted 3.2 percent and 4.6 percent in 2020.

Central banks have come struggling thanks to this sudden rise in inflation. However, thus far they need stayed faraway from tightening monetary policy. The catchword for central banks regarding inflation is ‘transitory’ as seen in recent monetary policy statements of Federal Reserve System , European financial institution and Bank of England. IMF’s July outlook also used an equivalent word.

Why aren’t central banks worried? There are multifold reasons.

First, central banks actually are going to be proud of inflation being above target. For nearly a decade now, the inflation in developed countries has been less than targeted resulting in criticism. This was obviously ironical as central banks are often criticized for higher inflation. The Federal Reserve System even tweaked its framework from inflation targeting to average inflation targeting (AIT). Under AIT, if inflation has been lower for a particular period, the Federal Reserve System will allow inflation to be higher in order that average inflation over the whole period to be 2 percent.

Second, there's still slack within the economy and growth and unemployment are still not at pre-pandemic levels. this needs continued support from central banks.

Third, inflation has risen thanks to supply chain disruptions which are gradually easing with rising vaccinations and normalcy.

Fourth, commodity prices have also played a task within the recent rise in inflation. Core inflation, which excludes fuel and food prices, is high only within the case of the US.

Fifth, high inflation is additionally on account of the bottom effect. The chart shows that inflation ebbed in Feb 20 then begins to rise in Feb 21 (For the Euroarea, in December). So, albeit the inflation index has increased marginally from Feb 2021, the change from last year are going to be magnified as index had dipped last year. this is often the bottom effect. As a result, IMF within the July 21 outlook notes “the current spikes in annual inflation partially are the results of mechanical base effects from last year’s low commodity price”.

Last but not least, is that the important factor of inflation expectations. If inflation expectations also go up, then central banks poise themselves for action. In the US, while survey-based inflation expectations have edged up, those tracked by financial markets have remained on the brink of the inflation target. In Europe and UK, inflation expectations are broadly anchored.

Having said that, if current inflation remains elevated, inflation expectations also will inch up creating concerns for central banks.

Coming to Emerging and Developing countries (EDCs), inflation has risen there too. Unlike developed countries, EDCs are never during a comfortable position on the inflation front as food prices have both higher weightage within the inflation basket and influence inflation expectations.

On the highest of it, EDCs also will be watching inflation trends in developed countries. If inflation continues to travel up in developed world, pushing central banks to tighten monetary policy before expectations, one could see capital outflows from the EDCs. this is often what we saw in 2013 when Fed chair Ben Bernanke just announced the likelihood of tapering policy resulting in tantrums and chaos in EDC markets.

To sum up, inflation seems to be back after being within the wilderness for quite a decade. Ever since the 2008 crisis, economists are divided inflation in two camps. The pessimists have constantly warned that inflation is round the corner. On the opposite hand, the optimists have suggested that central banks needn't worry about inflation and will instead specialize in growth.

When inflation had remained muted, the policy weight was towards the second camp. The virus shock has brought inflation back to the discussion. Developed country central banks might not be worried over inflation now, except for how long is yet to be seen.

Get Intraday Trading Tips, Trading Calls

Share Market Closing Note

2. August 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Benchmark indices ended higher with Nifty above 15,850 on August 2 led by the auto, realty, and oil & gas stocks.

At close, the Sensex was up 363.79 points or 0.69% at 52,950.63, and the Nifty was up 122.20 points or 0.78% at 15,885.20. About 2007 shares have advanced, 1071 shares declined, and 136 shares are unchanged.

Shree Cements, Titan Company, BPCL, Grasim Industries, and Eicher Motors were the top Nifty gainers. UPL, Tata Steel, Bajaj Finserv, Bajaj Finance, and NTPC were among the top losers.

All the sectoral indices ended in the green with auto, IT, oil & gas, and realty indices up 1-4.5 percent. The midcap and smallcap indices added 1 percent each.

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

Nifty spot if closes above 15900 level then expect some further up move in coming sessions and close below above-mentioned level will result in some sluggish movement. Avoid open positions for tomorrow.

--------------------------------------------------------------------------------------------

Topic :- Time:2.20 PM

Just In:

HDFC Q1 results: Net profit falls 1.7% to Rs 3,000.7 crore, NII up 22% at Rs 4,146.7 crore

--------------------------------------------------------------------------------------------

Topic :- Time:2.10 PM

15900 Nifty spot to act as an important level for further upmove and if it breaks and trade below 15860 levels then some decline can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 755. If it breaks and trades below the 754.60 level then expect some decline in it and if it manages to trade and sustain above the 755.20 level then some upmove can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Nifty is going strong. Nifty spot if manages to trade and sustain above 15900 levels then expect some quick upmove and if it breaks and trade below 15860 levels then some decline can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:12.30 PM

Just In:

Reliance Retail to buy out Subway India for Rs 1,488-1,860 crore.

--------------------------------------------------------------------------------------------

Topic :- Time:12.20 PM

Just In:

PolicyBazaar Files DRHP for IPO, Looks To Raise Up To Rs 6,017.5 Crore.

--------------------------------------------------------------------------------------------

Topic :- Time:12.00 PM

Nifty is still going strong. Nifty spot if manages to trade and sustain above 15900 levels then expect some further upmove and if it breaks and trade below 15860 levels then some decline can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex up 350 pts; BSE Midcap & Smallcap indices hit record peaks

2. Realty shares in demand; Oberoi, IB Realty, Prestige Estates, Sobha up 5%

3. Factory growth rebounded in July, hiring resumed after 15 months

4. NSE seeks Sebis go-ahead for IPO amid pressure from shareholders

5. UltraTech Cement accounts for 77% of Aditya Birla Groups profit in FY21

6. Small business suffer as banks shut current accounts after RBI circular

7. Unacademy raises $440 million in fresh funding at $3.44 billion valuation

8. Covid-19 in numbers Cases 31,695,958 | Deaths 424,773 | Vaccination 472,223,639

--------------------------------------------------------------------------------------------

Topic :- Stocks under F&O ban on NSE

1. Sun TV Network

--------------------------------------------------------------------------------------------

Topic :- Stocks in News

Britannia Industries: The company reported lower profit at Rs 387 crore in Q1FY22 against Rs 542.7 crore in Q1FY21, revenue fell to Rs 3,403.5 crore from Rs 3,421 crore YoY.

Equitas Small Finance Bank: The company reported sharply lower profit at Rs 12 crore in Q1FY22 against Rs 58 crore in Q1FY21, net interest income increased to Rs 461 crore from Rs 404 crore YoY.

Cholamandalam Investment: Board approved raising up to Rs 28,000 crore via non-convertible debentures. The company reported lower standalone profit at Rs 326.80 crore in Q1FY22 against Rs 430.93 crore in Q1FY21, revenue from operations increased to Rs 2,466.89 crore from Rs 2,113.63 crore YoY.

Bandhan Bank: The bank reported sharply lower profit at Rs 373.1 crore in Q1FY22 against Rs 549.8 crore in Q1FY21, net interest income rose to Rs 2,114.1 crore from Rs 1,811.5 crore YoY.

UPL: The company reported higher profit at Rs 749 crore in Q1FY22 against Rs 653 crore in Q1FY21, revenue rose to Rs 8,515 crore from Rs 7,833 crore YoY.

Tata Motors: The companys sales in the domestic & international market for July 2021 stood at 54,119 vehicles, compared to 27,711 units during July 2020.

--------------------------------------------------------------------------------------------

Topic :- Results on August 2

HDFC, Punjab National Bank, Emami, Ajmera Realty & Infra, Balaji Amines, Carborundum Universal, Castrol India, CG Power and Industrial Solutions, Nahar Spinning Mills, Orient Cement, RBL Bank, Shree Renuka Sugars, and Varun Beverages will release quarterly earnings on August 2.

--------------------------------------------------------------------------------------------

Topic :- Nifty Opening Note

Indian Stock Market Trading View For 02 Aug,2021:

Nifty to turn volatile as the day progresses. Global cues to dictate trend. Stock specific action expected in the market. Use all decline as an opportunity to go long..

Nifty spot if manages to trade and sustain above 15800 level then expect some quick upmove and if it breaks and trade below 15720 level then some decline can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

Please visit again this section for live stock market and commodity market updates.

--------------------------------------------------------------------------------------------

Inflation rising, MPC will have to tread a cautious path, says Upasna Bhardwaj of Kotak Mahindra Bank

2. August 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Beyond August, we expect the onset of gradual monetary policy normalization, with liquidity management tools at the fore to reset the floor rate slowly within the policy corridor. For sure, the RBI will need to be more agile in using a variety of tools to calibrate the policy.

The Reserve Bank of India's monetary policy committee's (MPC) dilemma has worsened since it last met in June, with the two inflation readings released after the meeting shooting past the central bank's upper tolerance band of 6 percent.

The high-frequency data continues to improve, signalling that the worst is behind us. MPC’s statement and the minutes both had highlighted the upside risks to inflation, with adequate reference to the need for the government to take measures on the supply-side inflation.

However, we haven’t seen much traction on that front, which continues to keep upside risks to inflation intact. The progress of the monsoon has been tepid, weighing on kharif sowing, which remains about 8.9 percent lower than the last year.

The rains in the coming two months will be crucial to buffer from further supply shocks. More importantly, even before the inflation overshot, some MPC members in the June minutes were cautious on inflation, with one member noting that “clear signs of generalization in CPI (consumer price index) inflation setting in could be a tipping point where growth-inflation dynamics could alter”.

The members also highlighted that the “scope for accommodation existed since CPI inflation remained within the tolerance band”.

While we believe that inflation may trend below 6 percent from the next reading but upside risks remain amid weak monsoons and elevated global commodity prices.

Against this backdrop, MPC will have to tread carefully in managing the forward guidance, both on the policy and liquidity front. We believe that RBI’s room to ignore the inflationary risks is becoming increasingly difficult and it will soon have to get into action, though gradually.

In response to the inflationary threats, several emerging central banks have started to either hike policy rates or are tilting towards it. A few central banks in developed economies have started tapering or ending their pandemic relief asset purchase programmes.

There is already a growing debate on the timing, scale and pace of the RBI’s process of policy normalisation. Any guidance on the durability of the accommodative policy would bring in some sanity in the market.

Although as a lead signal, RBI is slowly letting lose its hold on bond yields and allowing a gradual settling on higher levels.

While in the upcoming policy we expect a status quo on rates and stance, the focus will be on the underlying tone of the statement, given the increasing risks of inflation.

We expect the RBI to revise its inflation outlook trajectory by 30-50bps across quarters, while the growth forecast of 9.5 percent may be only marginally tweaked accounting for the upside to their Q1FY22 projections— the central bank’s recent bulletin provides an estimate for Q1FY22 GDP of 22.1 percent compared to 18.5 percent mentioned in the June policy.

While near-term growth-related uncertainties will hold back MPC from changing the monetary policy stance in the August policy, it will be interesting to see any split in the voting pattern, given the improving growth momentum amid increasing inflationary risks.

Beyond August, we expect the onset of gradual monetary policy normalization, with liquidity management tools at the fore to reset the floor rate slowly within the policy corridor. For sure, the RBI will need to be more agile in using a variety of tools to calibrate policy.

Tools like the overnight voluntary retention route (VRR), increase in quantum of 14-day VRR and allowing non-bank participation in the VRR could be the playbook before a reverse repo hike in December.

Get Indian Stock Market Tips at Sharetipsinfo.

Break the stigma: Time to make mental health part of sick leaves

31. July 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Employees are often forced to give excuses for taking time off for mental health. It is crucial that organizations make mental health leave a standard HR practice.

Polls are popular on social media lately . One such asked users about the justifications that they gave at workplaces to hunt day off for psychological state .

The answers range from headaches, indigestion , viral fever to even funerals of grandparents (who are dead).One thing is obvious . Employees are hesitant about admitting that they needed leaves for emotional health. And what option do they really have?

Sick leaves are restricted to about 10-12 days a year at the most companies unless there's hospitalization for a medical emergency. Amidst this, the concept of psychological state leaves is non-existent.

While it does appear to be psychological state awareness is rising at Indian workplaces, this is not true everywhere. invite a three-day psychological state leave from your employer and therefore the cold stares will follow.

"My company has psychological state awareness sessions often. But the truth is that the HR team itself isn't conscious of these issues. If you time interval off, they ask questions and even proof," said Megha Gonsalves, a technology professional from Mumbai.

The 'proof' that companies enforce refers to the doctors' certificate for sick leaves. But what about mental health? How will an employee be ready to produce such documents, unless he/she is hospitalised for further treatment?

Here, having a transparent policy for psychological state would help. as an example , why can't psychological state leaves be made a part of the regular sick leave? this is able to enable employees to require day off for anxiety/depression and allied issues without feeling guilty.

Companies could offer say upto five to seven days during a year as psychological state leaves. The key here is to trust the worker and not invite proof. No such proof exists except the medical bills for anti-depressants which isn't prescribed to everyone.

Corporate HR managers would say why have these leaves within the first place when individual employees can approach their team managers for specific time off? the solution here is stigma.

At a mean Indian workplace, psychological state issues would cause employees being termed 'unstable' and 'unreliable'.

Shaeeda Nigam, a 29-year-old human resource professional from Kolkata recounts how she was faraway from a key project overnight when she sought leave to ascertain a therapist.

"I are handling severe anxiety and panic attacks since 2019. I just needed two days leave to ascertain a psychologist and obtain some medical tests done. But this backfired and that i was faraway from a core project i used to be performing on ," says Nigam.

She has now switched jobs but remains not fully comfortable seeking leaves for psychological state . Nigam expains that while her team knows about her anxiety issues, there's still an inherent fear that her employer may consider her incapable.

"Often, I structure excuses of getting a fever. Because unfortunately fever is suitable but anxiety isn't ," admits Nigam.

While workplace stress is among the various reasons for deteriorating psychological state , having a conducive HR policy to permit psychological state leaves may be a must-have.

But, preconceived notions about employees 'faking it' continue at the workplaces. Also, what must be drilled down is that psychological state is simply like all other medical condition that's treatable with therapy and drugs .

Priyanuj Tyagi who heads talent management at an insurance broking firm in Hyderabad says that offering psychological state leaves may be a tricky situation because they would not want employees to misuse leaves.

When asked whether the organisation will take responsibility for a mental breakdown of a staffer within the office, he has no answers.

Corporates also got to realise that there's a transparent impact of psychological state on productivity. So if an employee turns up at work with a nasty psychological state , this might affect their daily tasks and eventually also cause financial losses.

The World Health Organization estimated that India will suffer economic losses amounting to a staggering 1.03 trillion dollars from psychological state conditions between 2012 and 2030.

Though India-specific information isn't available, data from the American Psychiatric Association showed that employees with unresolved depression experience a 35 percent reduction in productivity. this is able to contribute a whopping $210.5 billion loss a year in absenteeism, reduced productivity, and medical costs to the US economy.

The Indian economy and its corporations can certainly not afford these losses. the choice to supply psychological state sick leaves must be made soon; better late than never.

National Education Policy launches credit-based flexible courses for students, to reduce dropouts

30. July 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

After the first year of a UG degree, a certificate will be awarded. On completion of the second year, a diploma will be awarded while the three-year program completion will lead to a Bachelor's Degree.

Imagine this situation. A student realizes that he/she does not have the aptitude/interest in the engineering course they have enrolled into. Leaving midway would mean that they lose an entire year, including fees and academics. So, what is the alternative?

Rather than dropping out of the course, this student can now store credits earned in the year into an 'Academic Bank', and join any other program within seven years.

Lateral entry and exit from higher educational programs was a long-standing demand in India. As part of the National Education Policy (NEP) 2020, the government has now allowed this formally.

The NEP 2020 completed one year on July 29. On this occasion, Prime Minister Narendra Modi launched the Academic Bank of Credit (ABC) that will facilitate multiple entry/exit into courses.

To enable this, the University Grants Commission (Establishment and Operation of Academic Bank Of Credits in Higher Education) Regulations, 2021, have been notified. These guidelines will govern the entry and exit into all universities (including the deemed-to-be category) and autonomous colleges.

This will be applicable from the academic year 2021-22. So credits earned from this year onwards can be stored digitally.

Here is a look at how the new ABC system will work:

What is the credit system in a college education?

The regulations state 'credit' means the standard methodology for calculating one hour of theory or one hour of tutorial or two hours of laboratory work per week for a semester (13-15 weeks).

This leads to the award of one credit by the educational institution. In addition, credits for the internship will be one per week of internship, subject to a maximum of six credits. These credits are stored digitally using DigiLocker.

Where will these credits be stored?

The credits will be stored in an ABC or Academic Bank Account. This is similar to a regular savings bank account which an individual student can operate.

Once this account is opened, all academic credits will be deposited into it. These credits will be required to award degrees, diplomas, or certificates on completion of an academic course. Each student can store these credits for a maximum of seven years.

If a student switches from one course to another within the recognized universities/colleges under UGC, the credits in the academic bank can be redeemed.

But remember that your university/college has to first get registered with the UGC for enrolling into ABC. Students shall be required to earn at least 50 percent credits from the parent institution, where he/she is enrolled for a program.

Are all students eligible to enroll in this academic bank?

No. Eligible institutes are universities and autonomous colleges accredited by either the National Assessment and Accreditation Council (NAAC) with minimum ‘A’ grade, or by the National Board of Accreditation (NBA) for at least three program (s) with a minimum score of 675 individually.

However, if the number of program (s) being run by the institution is less than three, 675 or more marks should be secured in each of the programs.

An alternative is that they should be among the top 100 National Institutional Ranking Framework (NIRF). Similarly, Indian Higher Educational Institutions (HEIs), appearing in the top 1,000 world ranking of Quacquarelli Symons (QS)/ Times Higher Education (THE), or are declared Institutions of Eminence (IoE), are also eligible.

How does the credit system work?

There are five levels -- Level 5 to Level 10. After the completion of each level, which is typically two semesters, a student is eligible to get either a certificate, diploma, or degree.

For entry into level 5, the eligibility is a school leaving certificate after the completion of Class 12. Over and above this are the entry requirements specific to each university/HEI.

Once a student completes the first year in college with 36-40 credits, he/she is awarded a certificate.

Credit

In case he/she decides to exit the program, the ABC will store these credits that can be redeemed for rejoining this course or an allied course within seven years.

If the student continues to the second year and completes it with 72-80 credits, a diploma is awarded. Similar to the first year, he/she can exit at this stage with a diploma and can rejoin within seven years after redeeming the credits.

Once a student completes the third year of a UG degree program, he/she will be awarded a Bachelor's Degree. Here, 108-120 credits are required.

When it comes to the Master's level, a student can exit after one year, with a one-year diploma. Completion of the full two-year program will lead to a Master's Degree.

Over and above this is the doctoral degree for which the course work and the thesis will determine its completion. The MPhil program has been done away with.

Can anyone enter courses laterally?

While the ABC will store credits for a maximum duration of seven years, he will have to frame rules for lateral entry. This means that the entry of students directly into the second/third year of a course will depend on the rules set by each HEI.

Here, students who have pursued allied courses will be allowed lateral entry. So if you are an English literature student who wants to switch to engineering in the second/third year, that wouldn't be possible.

Also, the UGC guidelines have stated that a student can only enter at odd semesters and exit at even semesters. This means that you cannot enter/exit a program in the middle of an academic year and should have completed at least two semesters.

A similar glide path will be followed for entry/exit in the vocational education field as well.

Share Market Closing Note

29. July 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Share Market Closing Bell! Sensex, Nifty end on a positive note | Zee Business

The market broke the three-day losing streak and ended higher with Nifty above 15,750 supported by the IT, metal, financial stocks.

At close, the Sensex was up 209.36 points or 0.40% at 52653.07, and the Nifty was up 69.10 points or 0.44% at 15778.50. About 1781 shares have advanced, 1170 shares declined, and 109 shares are unchanged.

Among sectors, the metal index gained 5, while IT, PSU Bank, and realty indices rose 1-3 percent. However, the FMCG index was down 1 percent. BSE midcap and smallcap indices rose 0.4-0.9 percent.

Hindalco, Tata Steel, Bajaj Finserv, SBI, and JSW Steel were the top Nifty losers. Maruti Suzuki, Power Grid Corp, Bajaj Auto, ITC, and Coal India were among the top losers.

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

Nifty spot if manages to close above 15800 levels then expect some further up move in the market and if it breaks and closes below the above-mentioned level then some sluggish movement can be seen.

--------------------------------------------------------------------------------------------

Topic :- Time:2.30PM

COPPER Trading View:

COPPER is trading at 757.50. If it manages to trade and sustain above 758 level then expect some quick upmove and if it breaks and trades below 756.80 level then some decline can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 15820 levels then expect some quick upmove and if it breaks and trades below 15780 levels then some decline can follow in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:1.30 PM

GOLD Trading view:

GOLD is trading at 47950. If it manages to trade and sustain above 48000 levels then expect some quick upmove and if it breaks and trades below 47900 levels then some decline can be seen in it.

--------------------------------------------------------------------------------------------

Topic :- Time:1.10 PM

Nifty spot if manages to trade and sustain above 15820 levels then expect some further up move in the market and if it breaks and trades below 15760 levels then some decline can follow in the Nifty.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex climbs 250 pts; Nifty Metal index hits new record high

2. Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr

3. Covid-19 in numbers Cases 31,528,114 | Deaths 422,662 | Vaccination 450,706,257

4. Airtel raises minimum prepaid plan to Rs 79, offers more usage time

5. Tatva Chintan makes solid debut; lists at 95% premium over issue price

6. Robinhood banks on its trader's allegiance in IPO like no other

7. Sebi revising risk management framework for MFs: Official

8. Retail loans, long a safe bet for many banks, show an uptick in defaults

--------------------------------------------------------------------------------------------

Topic :- Time:11.00 AM

Nifty is cruising high. Nifty spot if manages to trade and sustain above 15800 levels then expect some further upmove and if it breaks and trades below 15760 levels then some decline can be seen in the market.

--------------------------------------------------------------------------------------------

Topic:- Nifty Opening Note

Indian Stock Market Trading View For Today:

Stock-specific action is expected in the market. Nifty to trade volatile as the day progresses.

Nifty spot if manages to trade and sustain above 15740 levels then expect some up move in the market and if it breaks and trades below 15680 levels then some profit booking can follow in the market.

Please note this is just an opening view and should not be considered as the view for the whole day.

--------------------------------------------------------------------------------------------

India's gold demand up 19% in April-June quarter at 76 tonne: WGC

29. July 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the WGC's "Gold Demand Trends Q2 2021" report.

Representative image (Source: Shutterstock)

India's gold demand increased by 19.2 percent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report.

The overall gold demand during the second quarter of the 2020 calendar year stood at 63.8 tonnes, according to the WGC's "Gold Demand Trends Q2 2021" report.

In value terms, India's gold demand witnessed 23 percent growth during the April-June quarter at Rs 32,810 crore, compared to Rs 26,600 crore during the corresponding period of 2020.

However, demand plunged 46 percent quarter-on-quarter as the second wave of COVID-19 hit the nation, according to the report.

"Demand in H1 totaled 157.6 tonnes, which was 46 percent below H1 2019, and 39 percent lower than the H1 average from 2015-2019," the WGC data stated.

"The second quarter of 2021 was marked by widespread regional lockdowns following a rise in COVID infections. Unlike the previous year when a national lockdown took businesses by surprise, this quarter was relatively better as businesses were more prepared.

"Demand in Q2 2021, showed a 19.2 percent year-on-year increase on a very low base of Q2' 2020, the impact was, however, severe as it muted demand during Akshaya Tritiya and wedding season in Q2," WGC Regional CEO, India, Somasundaram PR told PTI.

Total jewelry demand during the second quarter was up by 25 percent at 55.1 tonnes, compared to 44 tonnes in the same quarter last year, the report said.

In value terms, jewelry demand was up by 29 percent at Rs 23,750 crores compared to Rs 18,350 crore in the corresponding period last year.

Total investment demand during the second quarter increased by 6 percent in the country at 21 tonnes in comparison with 19.8 tonnes during April-June 2020.

Gold Investment demand in value terms went up by 10 percent at Rs 9,060 crore, against Rs 8,250 crore in the same quarter of 2020.

Total gold recycled in India during the second quarter was 19.7 tonnes compared to 13.8 tonnes in April-June 2020, an increase of 43 percent.

Gold imports in India surged to 120.4 tonnes during the April-June quarter, as compared to 10.9 tonnes in Q2 2020, according to the WGC data.

Somasundaram further noted that the digital solutions and pause in restrictions in some pockets helped the growth of 25 percent in jewelry demand, to 55.1 tonnes.

"Investment demand grew 6 percent to 21 tonnes as prices softened. Interestingly, imports surged to 120.4 tonnes in anticipation of pick up in fabrication. Overall, gold demand in India in H1 2021 was 216.1 tonnes, up 30 percent versus H1 2020," he added.

Though it is still a multi-year low, it reflects an underlying demand momentum that will likely support a sharp spike in demand once normalcy is restored on the COVID front, he opined.

Going forward, he said, demand is expected to come back in a big way, however, the consumer confidence and business response are subject to the impact of a looming threat of the third wave of COVID and the pace of economic recovery.

"One view, most comforting, is that given the pace of vaccination and the serosurvey results, as a society, we may learn to live with COVID and its variants, ensuring businesses and sales become more resilient," he pointed out.

Dhanteras and the upcoming season, which has more auspicious wedding days in Q4 2021, compared to the previous year appear positive for demand, said Somasundaram."For the gold investment segment, however, attractive equity markets and volatile gold prices are strong headwinds. Consumer behavior is linked to several economic and non-economic variables that pose great difficulty in making any forecast of full-year gold demand in India," he added.

National Education Policy: One year of steady reforms, a few more miles to go

29. July 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

India finished 365 days of the National Education Policy (NEP) 2020 on July 29. The coverage changed into revised after 34 years to satisfy the converting wishes of Indian and global training standards.

Image: Pixabay

A lot has been modified in 365 days. Curricula had been tweaked in colleges to encompass topics that include economic literacy and synthetic intelligence.

When it involves the medium of coaching in colleges and schools, the mom tongue or a local language has been delivered on a pilot foundation. This applies even to engineering guides and some institutes had been selected to enforce this initiative withinside the 2021-22 instructional 12 months.

The number one goal of NEP 2020 changed into lessening undue attention at Class 10 and Class 12 board tests. Consequently, board tests administered with the aid of using the Central Board of Secondary Education could have a better wide variety of a couple of-desire and analytical questions from 2022. The authorities will launch an in depth coverage framework at the adjustments in board tests with the aid of using the cease of this 12 months, human beings aware about the problem informed Moneycontrol.

With holistic training one of the key dreams of NEP 2020, multidisciplinary streams have began out throughout institutes. This approach that engineering schools will now no longer best provide technical guides however additionally trade and humanity topics.

While there’s been great development on curriculum adjustments and the advent of local languages, a few key reforms are pending and that they encompass the bendy access and go out for university college students and permitting global institutes to installation campuses in India.

Multidisciplinary training

NEP 2020 envisaged a gadget wherein colleges and better training institutes could permit college students to choose and pick topics primarily based totally on their pastimes and aptitude. This approach an engineering pupil need to additionally be capable of examine economics or layout withinside the identical institute. Moneycontrol has mentioned how the Indian Institutes of Technology, the u . s .’s pinnacle engineering collages, are trying to begin guides along with economics, layout, music, enterprise administration, linguistics and literature.

The training ministry has requested all better training institutes to provide a big range of guides throughout streams so that you can have a numerous pupil population. IIT Bombay, IIT Delhi, IIT Madras and IIT Roorkee are amongst many such institutes that provide guides past conventional engineering.

In colleges as well, topics which include economic literacy, statistics technological know-how and synthetic intelligence may be provided to college students on an non-compulsory foundation. As a part of this initiative, CBSE has tied up with Microsoft to assist Class VI-VIII college students paintings on coding-associated modules beginning withinside the 2021-22 instructional 12 months.

“Since early-age skilling is being released from the 6th grade, it's far important that topics like statistics technological know-how are made a part of the curriculum. Initially, we are able to employ part-time visitor instructors however because the numbers choose up, full-time body of workers may be appointed,” stated Seema Chawla, vice-fundamental of New Blossom High School in Punjab’s Gurdaspur.

According to a UNICEF report, India’s training gadget is one in every of the biggest withinside the world, with greater than 1.five million colleges, 8.five million instructors and 250 million youngsters from various socio-monetary backgrounds.

Online diploma guides

NEP 2020 lets in the pinnacle a hundred universities in India to provide on-line diploma guides to lead them to less costly and enhance accessibility. Following this, on-line structures are presenting various guides in partnership with institutes.

Last 12 months, upgrade introduced e-diploma guides along with Bachelor of Business Administration, Master of Computer Applications and Master of Business Administration with Jamia Hamdard in New Delhi and a one-12 months diploma in company and economic regulation and a -12 months MBA in virtual finance and banking with OP Jindal Global University.

Edtech corporation Great Learning is presenting MBA, MCA, and BBA guides in partnership with JAIN (Deemed-to-be University) and an MBA with Shiv Nadar University.

Imarticus Learning has released a web BBA diploma path in banking and finance with Bengaluru-primarily based totally JAIN (Deemed-to-be University).

Emphasis on local languages

A key element of NEP 2020 changed into the merchandising of all reputable languages of India, aside from English. It changed into advised that colleges and better training institutes deliver college students the choice to examine of their mom tongues. A few hundred colleges withinside the u . s . at the moment are presenting this feature on a pilot foundation. The translation of books is beneathneath manner.

Education minister Dharmendra Pradhan stated on July 26 that technical training may be provided in 8 local languages in positive establishments on a pilot foundation from 2021-22. The local languages are Hindi, Bengali, Tamil, Telugu, Marathi, Gujarati, Kannada and Malayalam.

At the faculty level, step one may be to spend money on instructors who can communicate a couple of languages. Currently, broadly speaking instructors communicate English, a local language and/or Hindi. Under NEP 2020, colleges and schools have to teach instructors in extra languages or rent greater body of workers.

RK Gupta, fundamental of Kolkata-primarily based totally Aim High School, stated this may be a further expense. He stated a selection on hiring new instructors and translating instructional content material may be taken in 2022, relying on what number of college students need to examine in local languages.

The training ministry has knowledgeable colleges and better training institutes that local language-primarily based totally curriculum may be non-compulsory. However, it reiterated that no pupil may be denied access to a path best due to the fact he/she isn't fluent in English.

What’s withinside the pipeline?

A primary alternate proposed withinside the training coverage is permitting overseas universities to installation campuses in India and giving entire access-go out flexibility for guides taken with the aid of using university/college college students.

Some early paintings has began out in this front. Flexible access and go out offers instructional credit score for in part finished guides. A pupil who quits a diploma path after 365 days receives a certificate. A degree is earned after years and a diploma after 3/4 years.

IIT Madras has released a web Bachelor of Science path in programming and statistics technological know-how that gives the ability of having a diploma or a degree. A pupil have to entire all 3 degrees to get a BSc Degree withinside the path.

On the access of distant places academic institutes, rules to permit overseas institutes to open campuses is but to be passed. So far, international institutes needed to tie up with a neighborhood companion to installation an India campus.

Close to 200,000 college students tour overseas each 12 months for better training, ensuing in an outflow of just about Rs 50,000 ($6.7 billion) crore each 12 months.

The manner forward

As mentioned with the aid of using Moneycontrol earlier, the authorities needs NEP 2020 to be carried out on the quick music throughout states, paving the manner for a much broader desire of topics in better academic institutes, putting in training complexes and permitting bendy access-go out schemes in schools and universities as a part of the primary phase.

Education minister Pradhan has recommended nation establishments, along with schools and universities, to enforce the coverage withinside the cutting-edge instructional 12 months.

The ministry is likewise putting in a committee so that it will be headed with the aid of using better training branch officials, whose quick it'll be to screen the development of the 181 tasks.

Share Market Closing Note

28. July 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Benchmark indices erased most of the intraday losses but ended lower in the volatile session on July 28.

At close, the Sensex was down 135.05 points or 0.26% at 52,443.71, and the Nifty was down 37.10 points or 0.24% at 15,709.40. About 1299 shares have advanced, 1682 shares declined, and 90 shares are unchanged.

Among sectors, except metal index added over 1 percent and IT index rose 0.2 percent, however, selling was seen in the auto, bank, energy, and pharma sectors.

BSE midcap index ended flat, while smallcap index fell 0.4 percent.

Also Read: How to earn money in share market

Dr. Reddys Labs, Kotak Mahindra Bank, Tata Motors, Cipla, and M&M were the top Nifty losers. Bharti Airtel, Tata Steel, SBI Life Insurance, Divis Labs, and IndusInd Bank were among the top gainers.

--------------------------------------------------------------------------------------------

Topic :- Time:3.00 PM

Nifty spot if holds above 15700 levels on closing basis then expect some further up move incoming session and if it closes below above-mentioned level then some sluggish movement can be seen. Avoid short positions and stay long in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 47552. If it breaks and trades below the 47500 levels then expect some further decline in it and if it manages to trade and sustain above the 47580 levels then some upmove can follow in GOLD.

--------------------------------------------------------------------------------------------

Topic :- Time:2.25 PM

Just In:

Ola expands ESOP pool to Rs 3,000 crore, allots additional Rs 400 crore worth of stocks to employees ahead of IPO.

--------------------------------------------------------------------------------------------

Topic :- Time:2.10 PM

Nifty spot if manages to trade and sustain above 15720 levels then expect some further upmove and if it breaks and trades below 15640 levels then some decline can follow in the market. Since Monday we are mentioning use all lows as an opportunity to go long in the market as Nifty is heading for the 16000 marks.

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Just In:

SEBI committee deliberating if SPACs should be introduced in India: SEBI Chairman Ajay Tyagi.

--------------------------------------------------------------------------------------------

Topic :- Time:1.00 PM

Nifty is showing some good recovery. Nifty spot if manages to trade and sustain above 15660 levels then expect some quick upmove and if it breaks and trades below 15640 levels then some decline can be seen in the market.

--------------------------------------------------------------------------------------------

Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 757.45. If it breaks and trades below the 757 level then expect some decline in it and if it manages to trade and sustain above the 757.90 level then some upmove can follow in it.

--------------------------------------------------------------------------------------------

Topic :- Time:12.15 PM

Just In:

Rolex Rings IPO fully subscribed on Day 1, retail portion booked 2.22 times.

--------------------------------------------------------------------------------------------

Topic :- Time:12.00 PM

After a gap down nifty is filling the gap now. The decline should be used as an opportunity to go long in the market. Nifty spot if manages to trade and sustain above 15620 levels then expect some quick upmove and if it breaks and trades below 15600 levels then some fall can follow in the Nifty.

--------------------------------------------------------------------------------------------

Topic :- Time:11.30 AM

News Wrap Up:

1. Indices off lows; Sensex down 500 pts, Nifty near 15,600

2. 4 funds invested in Adani firms have a history of bets gone wrong

3. Sebi asks for ultimate beneficial owners information in Adani firms

4. Bitcoin tops $40,000 as traders get a boost from high-profile investors

5. Dr. Reddys extends fall on disappointing Q1; stock down 14% in 2 days

6. UTI AMC hits new high ahead of results, rallies 111% from October lows

7. Maruti Suzukis Q1 PAT may slip up to 32% QoQ, say analysts

8. Retail rush drives mobile trading volumes at BSE

--------------------------------------------------------------------------------------------

Topic:- Nifty Opening Note

Indian Stock Market Trading View For Today:

Stock-specific action is expected in the market. Nifty to trade volatile as the day progresses.

Nifty spot if manages to trade and sustain above 15780 levels then expect some up move in the market and if it breaks and trade below 15700 levels then some profit booking can follow in the market.

Please note this is just an opening view and should not be considered as the view for the whole day.

--------------------------------------------------------------------------------------------

The Ramco Cements shares fall 3% after missing estimates, global brokerage downgrades stock to 'underperform'

28. July 2021 Sandeep Stock Market Research (0)

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Global research firm CLSA has downgraded the stock to underperform from outperform and has cut the target to Rs 1,060 from Rs 1,140 per share while Prabhudas Lilladher has maintained reduce on the stock with a target of Rs 980.

The Ramco Cements share price was down over 3 percent within the morning session on July 28, each day after the corporate declared its June quarter results.

The cement maker on July 27 reported a 46.10 percent increase in consolidated net income at Rs 171.67 crore for the quarter ended June, helped by growth in sales. It had posted a net income of Rs 117.50 crore during the April-June period of the previous fiscal, it said during a regulatory filing.

Total income was up 17.33 percent to 1,239.99 crores during the quarter under review as against Rs 1,056.79 crore within the corresponding period of the previous fiscal.

Total expenses were at Rs 988.46 crore in Q1 FY 2021-22, up 9.91 percent from Rs 899.29 crore earlier.

The stock was trading at Rs 1,027.65, down Rs 32.55, or 3.07 percent at 09:54 hours. it's touched an intraday high of Rs 1,069.45 and an intraday low of Rs 1,024.20.

Global research firm CLSA has downgraded the stock to underperform from outperform and has cut the target to Rs 1,060 from Rs 1,140 per share. it's of the view that Q1 EBITDA was largely in-line while volumes fell 33 percent QoQ.

EBITDA was also in-line with lower volumes offset by higher realizations adding that weak volume attributed to state-specific lockdowns, consistent with a CNBC-TV18 report.

"We expect FY22 volume growth of 12% YoY and EBITDA per tonne of Rs 1,470. We await a pick-up in volume growth before turning constructive with volume growth remaining elusive," it said.

Catch all the market action on our live blog

According to domestic research firm Prabhudas Lilladher, The Ramco Cements reported Q1FY22 EBITDA below its/consensus estimate. The miss came on all counts except in-line realizations.

"We remain negative on Southern region thanks to overcapacity and volatile demand pattern. As demand outlook improves for the region in H2, volume growth would come at the value of weaker margins thanks to rise in competition for market share and low capacity utilization," it said.

"Due to expensive valuations and weak outlook on southern region, we maintain reduce on the stock with a target of Rs 980 (earlier Rs 950), EV/EBITDA of 14x FY23E," it added.

Mon	Tue	Wed	Thu	Fri	Sat	Sun
28	29	30	31	1	2	3
4	5	6	7	8	9	10
11	12	13	14	15	16	17
18	19	20	21	22	23	24
25	26	27	28	29	30	1
2	3	4	5	6	7	8