IIFL

April 16: NSE Bans Trading on Eleven Stocks in F&O Segment

The F&O ban list is updated daily by the NSE, and derivative contracts in these securities have surpassed the prescribed limit.

16 Apr, 2024 |
10:03 AM

Gold Soars on Safe-Haven Bid Amidst Middle East Tensions

Spot gold was up 0.1% at $2,383.37 an ounce. On Friday, the price of gold reached a record high of 2,431.29.

16 Apr, 2024 |
10:00 AM

Iran Attack Pushes Oil Prices Up as Israel Considers Next Move

June delivery Brent futures had increased by 46 cents, or 0.5%, to $90.56 per barrel. May delivery of U.S. oil futures saw a 0.5% increase, or 43 cents, to $85.84 a barrel.

16 Apr, 2024 |
9:59 AM

Check out today’s Petrol and Diesel prices in your city on April 16

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.

16 Apr, 2024 |
9:58 AM

Indian Rupee Plunges to Record Low Amid Global Concerns

The rupee opened at 83.5100 against the U.S. dollar, a decrease from the previous session's 83.4500.

16 Apr, 2024 |
9:55 AM

Key mutual fund trends observed in March 2024

Overall MF AUM fell in March, but retail shares further improved in the month.

16 Apr, 2024 |
9:31 AM

WPI inflation scales 3-month high of 0.53% in March 2024

Despite the bounce in WPI inflation, the full year reading for FY24 was still in the negative.

16 Apr, 2024 |
9:29 AM

Top Gainers / Losers
16 April , 2024 | 09:49 AM

Company	LTP(₹)	Change(%)
O N G C ONGC	285.5	+5.65 (2.02%)
Hero Motocorp HEROMOTOCO	4431.95	+50.75 (1.16%)
Nestle India NESTLEIND	2580.35	+26.70 (1.05%)
Coal India COALINDIA	455.25	+4.25 (0.94%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Tata Steel TATASTEEL	162.1	+1.20 (0.75%)
Nestle India NESTLEIND	2566.6	+14.65 (0.57%)
Tata Motors TATAMOTORS	1001.25	+2.55 (0.26%)
M & M M&M	2054.65	+4.40 (0.21%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
LTIMindtree LTIM	4669.15	-146.00 (-3.03%)
IndusInd Bank INDUSINDBK	1506.25	-33.65 (-2.19%)
Bajaj Finance BAJFINANCE	6952.9	-123.35 (-1.74%)
Bajaj Finserv BAJAJFINSV	1629.65	-27.20 (-1.64%)

Top Gainers as per Nifty50

Company	LTP(₹)	Change(%)
Bajaj Finserv BAJAJFINSV	1628.3	-29.00 (-1.75%)
Bajaj Finance BAJFINANCE	6955	-120.00 (-1.7%)
IndusInd Bank INDUSINDBK	1513.5	-25.30 (-1.64%)
Infosys INFY	1447.85	-20.45 (-1.39%)

Top Gainers as per Nifty50

Top Performing Funds


Aditya Birla SL PSU Equity Fund (G)	1 Yrs Returns 95.90	NAV 32.93
SBI PSU Fund (G)	1 Yrs Returns 93.81	NAV 29.6229
Invesco India PSU Equity Fund (G)	1 Yrs Returns 86.20	NAV 56.96
ICICI Pru PSU Equity Fund (G)	1 Yrs Returns 83.54	NAV 19.4
Quant Value Fund (G)	1 Yrs Returns 74.24	NAV 19.1586


DSP Credit Risk Fund (G)	1 Yrs Returns 15.22	NAV 39.7625
Nippon India Fixed Horizon-XLV-Sr.5 (G)	1 Yrs Returns 8.72	NAV 10.9141
TRUSTMF FMP - Series II (1196 Days) - Reg (G)	1 Yrs Returns 8.53	NAV 1088.3911
DSP Strategic Bond Fund - Reg (G)	1 Yrs Returns 8.52	NAV 3039.3401
DSP Floater Fund (G)	1 Yrs Returns 8.45	NAV 11.8897


Quant Dynamic Asset Allocation Fund-Regular (G)	1 Yrs Returns 57.20	NAV 15.7314
JM Aggressive Hybrid Fund - (G)	1 Yrs Returns 49.41	NAV 107.6877
ICICI Pru Retirement Fund - Hybrid AP (G)	1 Yrs Returns 47.55	NAV 21.97
Quant Multi Asset Fund (G)	1 Yrs Returns 47.40	NAV 127.1823
Bank of India Mid & Small Cap Equity & Debt Fund (G)	1 Yrs Returns 47.14	NAV 33.68


Quant ELSS Tax Saver Fund - Regular (G)	1 Yrs Returns 59.93	NAV 367.3007
SBI Long Term Equity Fund (G)	1 Yrs Returns 58.93	NAV 379.2903
Motilal Oswal ELSS Tax Saver Fund (G)	1 Yrs Returns 55.09	NAV 41.9814
Bank of India ELSS Tax Saver (G)	1 Yrs Returns 53.59	NAV 153.33
ITI ELSS Tax Saver Fund (G)	1 Yrs Returns 51.23	NAV 21.3124


ICICI Pru Nifty PSU Bank ETF	1 Yrs Returns 86.18	NAV 70.82
Kotak Nifty PSU Bank ETF	1 Yrs Returns 85.78	NAV 700.87
Nippon India ETF Nifty PSU Bank BeES	1 Yrs Returns 85.66	NAV 78.17
ICICI Pru Nifty Financial Services Ex-Bank ETF	1 Yrs Returns 42.01	NAV 23.27
UTI-Nifty Bank Exchange Traded Fund	1 Yrs Returns 14.20	NAV 48.53

Blogs

Key mutual fund trends observed in March 2024

Overall MF AUM fell in March, but retail shares further improved in the month.

16 Apr, 2024 |
9:31 AM

WPI inflation scales 3-month high of 0.53% in March 2024

Despite the bounce in WPI inflation, the full year reading for FY24 was still in the negative.

16 Apr, 2024 |
9:29 AM

What the Iran-Israel conflict means for the Indian economy

It may not all-out war, but the implications for the Indian economy could be huge.

15 Apr, 2024 |
12:16 PM

Weekly Musings – Big start-up updates for the week to April 12, 2024

In the 5 weeks prior to the current week, the start-up collections were to the tune of #152 Million, $243 Million, $205 Million, $226 Million, and $150 Million. In the latest week to April 12, 2024, start-ups raised $105 Million across 21 start-up deals, with Sprinto and Neysa dominating the funding story in the week.

15 Apr, 2024 |
10:35 AM

Weekly Musings – NFO Pick (HDFC Manufacturing Fund)

Today, manufacturing contributes about 15% of GDP and that must transition to over 20% of GDP if the Indian economy has to transition to $5 Trillion economy in 4 years and $10 Trillion in the next 10 years. Between FY23 and FY30, India’s nominal GDP is expected to more than double to $7 Trillion, while the manufacturing GVA is expected to grow nearly 3-fold.

15 Apr, 2024 |
10:33 AM

Leaders & Fund Managers Speak

Dr. Faruk Patel, Chairman & Director, KP Green Engineering Limited

Sheetal Agarwal of IIFL caught up with management of the company, which is launching India's largest SME IPO. Edited Excerpts:

John Verghese, Chief Financial Officer, Popular Vehicles and Services Limited

Sheetal Agarwal of IIFL in conversation with management of the IPO bound company. Edited Excerpts:

Anil Ghelani, CFA, Head - Passive Investments and Products at DSP Mutual Fund

Sheetal Agarwal of IIFL brings you an insightful conversation about the relevance of ELSS investments today. Edited excerpts:

Anurag Tantia, Executive Director, GPT Healthcare Limited

Sheetal Agarwal of IIFL chats with the management on the eve of the IPO.

Prabhat Agrawal, MD, CEO & Co-Founder, Entero Healthcare Solutions Limited

A day before its IPO opens for subscription, Sheetal Agarwal of IIFL caught up with management of the company.

Invest Right

Shyam Metalics: Well set to deliver steady growth

In stainless steel, longs capacity at Indore will expand to 220kt by FY26 while Sambalpur would see a new 500kt flats capacity (incl 200kt CR) by FY27.

12 Apr, 2024 |
10:47 AM

BSE: Firing on all cylinders

Its market share improved from 5.5% in Apr’23 to 8.5% in Mar’24. The exit ADTO stands at Rs90-100bn, implying a strong start to FY25. The Star-MF platform remains the preferred platform for MF distributors – FY24 volumes grew by 59% YoY to 421mn.

09 Apr, 2024 |
10:33 AM

JB Chemicals & Pharma: Small in size, but big enough to create a difference

JB targets to double CMO revenue from USD50mn to USD100mn over the next 3-5 years, driven by geographic expansion, on-boarding new clients, and adding new lifecycle products.

08 Apr, 2024 |
11:12 AM

ICICI Lombard General: Centralised strategy to drive expansion

While ILOM witnessed minor market share loss in the Motor segment last year, it has started to recoup the same with high growth in new private car segment. Presence of a multi-channel business model helped them navigate this business cycle. ILOM believes that with the new EoM regulations, industry CoR should improve; benefitting ILOM disproportionately.

05 Apr, 2024 |
11:50 AM

HDFC Life: Investing to capitalise on growth opportunity

Investments towards the expansion of distribution footprint will continue for another two years, which would be offset by elimination of the operating leverage gap due to a better growth profile. As a result, margins should stay largely range-bound in the medium term, and HDFCLI is willing to reinvest for better growth. Analysts of IIFL Securities continue to believe that HDFCLI is a healthy compounding story and should be accumulated post corrections

05 Apr, 2024 |
11:32 AM

Aurobindo Pharma: Strong pipeline of growth levers across spaces

Analysts of IIFL Securities upgrade FY25/26 EPS by 2-3% to account for higher margins led by the Pen-G project and their TP of Rs1,330 (19x 2YF EPS) implies 21% upside. Although analysts of IIFL Securities base case assumes an OAI/WL on Eugia Unit-3, an import alert will lead to 5-7% downgrade to their Ebitda estimates in the worst-case scenario.

03 Apr, 2024 |
11:21 AM

Editor's Choice

Stagnant contracting increases ask rate for H2 in IT sector: IIFL Securities

Analysts of IIFL Securities recommend to stay selective with firms providing better visibility (INFO/PSYS), while avoiding turnaround trades (TECHM/WPRO).

12 Apr, 2024 |
10:31 AM

Economy: RBI MPC: Status quo, expect cuts before long

Analysts of IIFL Securities replace BAF with Chola Investment in their large-cap picks, along with removing Trent and Mankind after their recent OP, and retain their overall constructive stance. Geo-politics causing a sharp crude spike is a risk.

08 Apr, 2024 |
11:00 AM

Cognizant: A year of closing gaps!

In 2023, CTSH’s revenue declined by 0.4%, majorly due to a decline in BFSI revenues. However, the growth gap with Indian IT peers reduced in BFSI, North America and Europe. Analysts of IIFL Securities believe a stable CTSH can pose threat to Indian IT peers’ market share in future. Acquisitions contributed 110bps to the growth in CY23.

05 Apr, 2024 |
11:14 AM

Cement: Q4 prices down 7% QoQ; hikes likely in April

With the impending elections in Q1 and monsoons in Q2, cement demand could see some moderation. But, with the current government most likely continuing, the focus on infrastructure spends and affordable housing should remain intact; driving cement demand over the medium term. Thus analysts of IIFL Securities maintain their positive view on the sector and BUY on UltraTech Cement, Dalmia Bharat and JK Lakshmi.

04 Apr, 2024 |
10:26 AM

Growth rate moderates across the board in auto sector: IIFL Securities

Tractors declined ~25% YoY in Mar’24 and ended FY24 down 7-8% YoY. Although the end-demand has been weak, the rate of decline was magnified in March, due to a shift in the festive calendar (high base in March 2023).

03 Apr, 2024 |
10:33 AM

Agriculture and Chemicals: Crop & Chemical dashboard: March 2024

Season-to-date rainfall (since 1-Jan-24) is ~5% below normal. Reservoir levels are below last-year levels and 10yr average.

01 Apr, 2024 |
11:22 AM

Put Call Ratio
18 April , 2024 | 12:00 AM

Note : Put/Call contract in thousand

Script Name	Put	Call	Ratio
NIFTY	87,877	136,119	0.65

Script Name	Put	Call	Ratio
NIFTY	87,804	136,134	0.64

All You need to know about markets

US October inflation tapers to 7.7% but MOM inflation is higher

Since March 2022, when the Fed hawkishness first manifested, the Fed has hiked rates by 375 basis points. However, till June 2022, inflation was on the ascendant, when the US consumer inflation peaked at 9.1%. Since then, the inflation has gradually tapered from 9.1% to 7.7%. While a 140 bps fall may not sound substantial, what is notable is that in October 2022, the consumer inflation was lower than the consensus street expectation.

M&M Financial Services hits upper circuit today, find why here?

Mahindra & Mahindra Financial Services (M&M Finance), which posted better-than-expected profits for the September quarter, increased by as much as 10% during early trade on Thursday.

Board of Steelcast recommends Second Interim Dividend?

Steelcast announced that the Board of Directors of the Company at its meeting held on 20 October 2022, has recommended a Second Interim dividend of Rs.1.35 per share (i.e.27%), subject to the approval of the shareholders

RBI to do pilot project on its digital currency this year

T. Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), announced on Wednesday that the central bank will introduce its digital currency as a pilot project this year.

How many Sectors are there to invest in Stock Market?

You can invest in 11 different sectors in the stock market. This type of industry categorization helps the portfolio manager create a diverse portfolio and allocate funds more efficiently.

What is nifty and sensex ?

Nifty and Sensex are benchmark index values for measuring the
overall performance of the stock market. Nifty is the Index used
by the National Stock exchange, and Sensex is the Index used by the Bombay Stock Exchange.