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Menstrual Hygiene Day: Here's why exercising on period is best for your body

Dr Shilpa Agrawal

In Poland, women on their period were once asked to refrain from having sexual intercourse for fear that they would inadvertently kill their partners. Italian women had to steer clear of all contact with water, while Bolivian women were taught to avoid cradling babies so they wouldn't make them sick. The superstitions surrounding menstrual health are many, as this 2017 study conducted by Clue, a menstrual cycle-tracking app, indicates. The opinions become that much more vociferous when it comes to exercising while on your period. Whether for sanitary or health considerations, women have often been advised to lie low and take it easy during that time of the month.

"For ages, women have been shamed into silence about their periods, which breeds misconceptions. Many also suffer from cramps, migraines, nausea and bloating during their period, and are concerned that working out could harm their health. The truth, however, is that smart exercise plans and correct nutrition can go a long way in promoting menstrual health," says Arpita Boyd, certified fitness trainer and specialist in pre- and post-natal fitness. "Regular exercise is beneficial for women, especially those suffering from polycystic ovarian syndrome (PCOS), a hormonal condition that affects up to 18 percent women around the world," says Dr Shilpa Agrawal, high-risk pregnancy and foetal medicine specialist at Jaslok Hospital and Research Centre. Regular exercise has been found to boost fertility, reduce insulin resistance, increase the body's metabolic rate and improve its composition, she says.


Munazza Habibulla

Fitness pros share tips on exercising during menstruation.

Swimming
"Women are often asked to refrain from swimming or water-related activities while on their period, ostensibly for sanitary reasons. However, swimming offers a number of benefits during those few days," says Munazza Habibulla of Swimming Matters. "The natural buoyancy of water prevents bleeding and also ensures that tampons stay in place," she elaborates.


Nisha Millet

Former Olympian Nisha Millet adds, "Competitive swimmers cannot afford to lose four days of training in a row. Women can safely enter the pool with a tampon — choose a size that works well for you — or a menstrual cup. Sanitary pads and panty liners, however, are strict no-nos." The only time when swimming should be avoided is when you are experiencing severe cramps, aches and pains.


Arpita Boyd

Weight training
The key to a successful weight training regimen during your cycle lies in understanding how your body reacts during the various phases, says Arpita Boyd. "The first 14 days are the follicular phase, during which women can achieve greater strength and produce more power. They are also likely to feel less pain and recover faster," she explains. The next fortnight is the luteal phase, during which your body's oestrogen and progesterone levels surge. Exercise may feel harder during this time due to bodily changes. To manage these, she recommends staying hydrated, avoiding foods rich in nitric oxide (spinach, beets, pomegranate), and increasing your protein intake. This, combined with the right stretches can ease symptoms and allow you to lift weights.


Sheetal Shah

Pilates
Sheetal Shah, founder of Core Pilates Studio, believes that the exercise form can greatly alleviate PMS symptoms such as bloating and cramping. "Pilates helps to stretch and open up the body, and also strengthens your deep abdominal muscles. Focusing on your breathing during these workouts can help alleviate tension in the body and promotes relaxation. Pilates also promotes the release of endorphins — the body's natural painkillers — which is another important reason why it works so well during your menstrual cycle," she says. Further, Pilates can help build lean long muscle and reduce the body's fat percentage, which normalises hormone levels and improves reproductive health, she adds.


Ishita Malaviya

Surfing
Ishita Malaviya is India's first female professional surfer and a big believer in not letting your periods get in your way of enjoying the surf. "I can surf just fine with a tampon, and always make sure to change frequently to prevent rashes and infections," she says. She claims to have never missed a day of surfing, even on the first day of her menstrual cycle.


Smiley Suri

Zumba
Zumba workouts offer many benefits to women on their cycle. Sucheta Pal, global brand ambassador for Zumba, shares, "The workouts focus on the hips and pelvic region, increasing core and trunk strength. Exercise also releases endorphins, which make regular workouts a must for women like me who suffer premenstrual hormone-induced mood swings." Pal often trains for several sessions at a stretch while on her period. "[According to gynaecologists] you lose only about four tbsp of blood during your entire cycle, which isn't that big a deal. You must learn to understand your body and modify your movements accordingly," she adds.


Sucheta Pal

Pole dancing
Pole dancer and trainer Smiley Suri found that pole fitness played a major role in managing her PCOS and thyroid condition, while also helping regularise her menstrual cycle. She recalls her instructor asking her to get on the pole on the first day of her cycle, even though she was experiencing cramps and felt bloated. "I was surprised at how much better I felt after the session," she admits. Although many instructors ask women to avoid inversions during their period, Suri believes that these can actually increase your flow and reduces cramps. She emphasises the importance of hygiene during this time.

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Tax-News.com: US To Investigate Ten Countries' Steel Exports

The Department of Commerce has initiated a wide-ranging antidumping duty and countervailing duty investigation into imports of carbon and alloy steel wire rod from ten countries.




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Tax-News.com: Switzerland Exploring Options For Freer Trade

Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country.




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Tax-News.com: Swiss Tax Agency Exchanges Information On Advance Tax Rulings

The Swiss Federal Tax Administration has confirmed that it has transmitted its first spontaneous information reports on advance tax rulings to exchange of information partner states.




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Let's laugh it off! Ex-Mumbai Club cricketer trying to make a difference through free online sessions

With most people struggling with the Coronavirus pandemic-caused lockdown, staying upbeat is becoming a challenge.

Former Mumbai club cricketer and coach Kishore Harkisandas Kuvavala, 73, who is also a laughter therapist, is trying to make a difference albeit in the virtual space.

For the last 18 days, every evening at 6.30, Babulnath-resident Kuvavala goes live goes live from his Facebook account in an attempt to make people laugh and relieve some stress.

'Stress, a bigger threat'

He claims around 350 to 400 people join him live everyday for his fitness and laughter sessions. "Most people are worried about Coronavirus even if they are confined 24x7 to their homes. They are only watching and hearing about the pandemic during the day through various mediums. Corona will not be the biggest killer, but stress will surely have a huge impact on everybody.

There is nothing else left for people to talk about except Corona, it seems these days. So, I am trying to ease a bit of tension that's surrounding us today. Laughter is the best medicine. I have been championing this cause for over two decades now. I feel it can make a lot of difference to people especially in these times," a fit Kuvavala tells mid-day.

Kuvavala has always believed in leading an active life. He played competitive cricket on Mumbai's local circuit till he was 50. Kuvavala owes a lot to cricket. He got the Bank of Baroda job for his cricketing credentials. "I led the bank team too," he says with pride.

He played the famous Dr HD Kanga Cricket League in the 'A' Division for Young Maharashtra Cricket Club. He was also a Managing Committee member of the Mumbai Cricket Association in 1988-89 before taking up coaching.

Fitness first

Kuvavala decided to work towards spreading awareness on the importance of fitness after giving up the sport. In 1995, he began his journey as a laughter therapist, starting with lessons at Priyadarshini Park. Before the lockdown, Kuvavala and his group of 30 to 35 people would gather each morning at Chowpatty on Marine Drive for their dose of laughter. "Do we ever laugh at ourselves? When we do that, we laugh from the heart. There is an expression and feel involved in it. It is the best form of exercise. It fills you up with positivity," explains Kuvavala, who is often invited by top hospitals for laughter sessions. He also conducts laughter therapy activities for corporates. "I do that for a fee, though," he clarifies. "People nowadays have forgotten to laugh," he remarks.

With anxiety and sadness around due to the pandemic, all that Kuvavala wants to ensure is that people do not stop smiling.

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RIP Rishi Kapoor: Sachin, Mithali, Harbhajan extend heartfelt condolences to Kapoor family

Veteran Bollywood actor Rishi Kapoor passed away today after he was admitted at the Sir HN Reliance Foundation Hospital in Mumbai.

Earlier today, Bollywood actor Amitabh Bachchan took to social media site Twitter to confirm the news of the death of Rishi Kapoor.  Sachin Tendulkar, Mithali Raj, Harbhajan Singh and his wife Geeta Basra all took to Twitter to express their feelings on the sudden death of Rishi Kapoor this morning.

"Very very sad to hear about the passing away of Rishi ji. I grew up watching his movies and he was always very gracious when we met over the years. May his soul Rest in Peace. My heartfelt condolences to Neetu ji, Ranbir and the whole Kapoor family," said Tendulkar on Twitter.

Indian women's ODI team skipper Mithali Raj termed the actor's demise as "huge loss" and said she will miss him on the silver screen.

"Shocked by the demise of veteran actor Rishi Kapoorji.Never quite got his due for the acting genius that he was! His boyish smile,straight talking ,jovial & endearing personality won him millions of followers.Huge loss.Will miss dearly on the silver screen. OM Shanti #gonesoon," Raj tweeted.

India spinner Harbhajan Singh also mourned the death of the actor and wrote, "Woke up with this very sad news @chintskap is no more #RIPRishikapoor ji Condolence to the family.."

Harbhajan Singh's actress wife Geeta Basra also took to Twitter to share a quote from his film as a tribute to Rishi Kapoor.

In September 2019, the veteran actor returned to Mumbai after staying in New York for almost a year for cancer treatment. He was last seen in the 2019 film 'The Body' alongside Emraan Hashmi and Shobita Sobhita Dhulipala.

Inputs from ANI

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Ravi Shastri and other BCCI coaches exchange ideas online

India head coach Ravi Shastri and his counterparts with the A and junior teams discussed future plans for their respective sides in an online interaction, making use of their time at home amid a national lockdown. National Cricket Academy (NCA) head Rahul Dravid was the man behind the initiative and senior team support staff comprising Shastri, bowling Bharat Arun and fielding coach R Sridhar were a part of this interaction last week.

"It wasn't an online coaching class. You can say it was an interaction where you give ideas and listen to the mindset and plans of other coaches. There has only been one such session but it is likely to be a regular affair," an NCA official told PTI. The online session was also attended by junior and NCA coaches including Paras Mhambrey, Narendra Hirwani, Abhay Sharma and Sitanshu Kotak.

"If senior coaches like Shastri, Arun and Sridhar are also part of the interaction, you are bound to learn something from their rich international experience," the official said. "At the moment, it is a lockdown so it was easier to organise this. It remains to be seen how often it can be done when things are normal and the Indian team is on duty," the official added.

The aim was to bring in more synergy in the work of national teams (senior, India A and under-19). All global sporting activity has come to a standstill due to the COVID-19 pandemic. There is no clarity when the Indian team will take the field next, having played last in New Zealand in the first week of March.

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Rohit Sharma: Mumbaikars not lucky as Australians, expensive to get your own house

Indian cricketer Rohit Sharma recently had a candid chat with former Australian pacer Brett Lee about what he’s doing in order to keep himself busy during the lockdown on Star Sports’ show Cricket Connected. Rohit Sharma went on to address the issue of space in Mumbai on streets as well as houses. Rohit said, "I wish I had enough place to play indoor cricket, but unfortunately in Mumbai, the place is very secluded, and you have to stick to your apartment. We are not as lucky as you guys where you have your own backyard to play."

"In Mumbai, it’s very expensive to get your own house where you have your own backyard. I live in an apartment and I am lucky to have a little balcony where I can run around and do some activities that my trainer has given me. I am trying to follow whatever little I can. Hopefully, the gyms will open soon, and I can go there," Rohit added.

"But I am missing hitting the ball, that’s for sure. As you know, I like to hit big, so space is not enough. I just can’t wait to go out there and start hitting the ball."

Born and brought up in Mumbai, Rohit Sharma is also the captain for the IPL franchise Mumbai Indians and has won a record 4 IPL titles with the team.

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EU unveils virus exit plan, asks its nations to move cautiously

The European Union on Wednesday moved to head off a chaotic and potentially disastrous easing of restrictions that are limiting the spread of the Coronavirus, warning its 27 nations to move very cautiously as they return to normal life and base their actions on scientific advice.

With Austria, the Czech Republic and Denmark already lifting some lockdown measures, the EU's executive arm, the European Commission (EC), rushed out its roadmap for members of the world's biggest trade bloc to coordinate an exit from the lockdowns, which they expect should take at least a few months and involve large-scale testing.


Denmark begins to gradually relax its lockdown measures, allowing preschool to fifth grade return to school on Wednesday. Pic/AFP

According to a tally compiled by AFP, more than one million cases of the Coronavirus have been detected in Europe, just over half the global total. With at least 1,003,284 cases, including 84,465 deaths, Europe is the worst hit continent.

The EC did not spell out exactly how EU countries should make the transition, but warned that lifting restrictions will "unavoidably lead to a corresponding increase in new cases," the commission said that this should only start when the spread of the disease has dropped significantly and for some time, and when hospitals can cope with more patients.

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UK court dismisses Vijay Mallya's appeal against extradition to India

A UK court on Monday dismissed fugitive liquor baron Vijay Mallya's appeal against extradition to India.

"We consider that while the scope of the prima facie case found by the Senior District Judge (SDJ) is in some respects wider than that alleged by the respondent in India. There is a prima facie case which, in seven important respects, coincides with the allegations in India," a part of the order by the UK court read.

A CBI spokesperson confirmed to ANI that the "UK high court dismissed Mallya's appeal against his extradition to India." The 64-year-old businessman had begun the lengthy appeals process in the UK court in February this year against an order to extradite him to India to face multiple charges relating to the collapse of Kingfisher Airlines.

It followed a ruling by a lower court -- the Westminster Magistrate's Court -- in December 2018 - that Mallya should be sent to India to face the charges, including one of money laundering to the tune of Rs 9,000 crore. The businessman fled India in March 2016 and has been living in the UK since then.

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US oil prices turn positive, another bloodbath expected Tuesday

Oil is doing something that is even making Market veterans shake their heads in wonder. After shedding more than 300 per cent or $56 a barrel in one single day on Monday, the West Texas Intermediate (WTI) crude for May delivery gained some ground early on Tuesday, recovering 103 per cent to come back in the positive zone at $1.35 a barrel.

But analysts expect that bloodbath in US oil market may continue well into Tuesday when May future contracts are expiring and traders still left with long positions facing actual delivery of oil may look to liquidate their stock even if they have to pay to do this. In simple terms this means that traders do not want to store crude by taking actual delivery for May and incur cost while not finding any buyers in the absence of demand that has also shrunk sharply by more than a third in Covid-19 pandemic.

"We could again see price of oil in US going into the negative zone on Tuesday. But this could be a lot less sharper than what was witnessed on Monday," said an oil sector analyst asking not to be named.

He said that lower oil prices bore good for India but how much oil companies can gain from US fall is uncertain as the Indian oil companies are not very active in the US markets and trade very small quantities in the spot market. Still some of this oil could be contracted if freight arrangements are worked out on time.

While US oil has shown significant fall, Brent has maintained a fairly steady path. The benchmark Brent oil is still hovering at $ 25 a barrel. The US WTI for June delivery is still keeping its heads up at over $ 20 a barrel. But it would be seen if Covid-19 situation improves in coming days and demand picks up. Otherwise, June oil futures can go the May way.

The decline of oil prices comes despite the recent output cut agreement between the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.

There were hopes that agreement would stabilise oil prices, but with the Covid-19 pandemic continuing, there has been a large slip in demand that is not letting a pick-up in oil prices.

The current market is oversupplied on shrinking demand, creating a situation of free fall for crude.

The price of oil has now reached a point that it is increasingly becoming difficult for higher cost producers to remain in operation and rather look at declaring bankruptcy.

A lot of US shale producers are in deep trouble and analysts expect that low oil price for few more months will result in a spate of bankruptcies in the US.

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Viral video: Dog exposes owner's fake handstand, leaves netizens in splits!

In a viral video that left the internet in splits, a dog exposed the owner's fake handstand pose. The video that went viral on Facebook shows a woman pretending to do handstand by lying down and pressing her hands against the wall, while a man on a chair reading a newspaper is seen sitting besides her.

The nearly-perfect clip seemed convincing until the act was exposed when a dog made an appearance in the picture. At that point, the viewers realised that the man and the woman were simply lying on the floor and the handstand pose was created by tweaking the camera angle and successfully tricking people into believing that the pose was legitimate.

Paulinho Martins, who posted this video on Facebook on Tuesday, said in the captions, "Everything was going well, until the dog ruined everything." The video has received over 6.1 million views with more than 48,000 likes and was shared over 225,000 times.

Amid hilarious reactions, users commenting on the post said that they would love to try it out with their friends while one user commented, "Is that spiderdog?" Another user said, "It is not that bad to cheat, well done!" while one more comment read, "It is absolutely obvious, when he touched his glasses. Newspaper fell on him."

What do you think of the video?

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Youtuber accidentally hits man's car. What happens next is heartwarming!

An exchange of texts between the YouTuber and a man whose car he hit has gone viral. YouTuber Casey Neistat had tweeted about leaving a note apologising to a man whose car he accidentally hit with his 17-year-old pick-up truck and what happened next was absolutely heart-warming.

Neistat, who stays in Los Angeles, wrote on Twitter, "I scratched a guys car this morning when parking my truck, total accident, small but noticeable scratch. I left the owner a note on the wiper and he texted me..."

The note Neistat left for the man read, "Hello, I scratched the hood of your car while parking mine. Please call/text so I can pay for the repairs. My sincere apologies for the trouble." The man texted him  on his contact number provided on the note and gave him a surprising reply. He asked Neistat to donate the money he had put aside for the repairs to the local food bank instead.

The reply read, "Hey, Thank you so much for the note. Please don’t worry about the scratch. Any money you have put towards my car feel free to donate to a local venice food bank. Have a great week!"

Neistat then donated 250 USD to the Los Angeles Regional Food Bank in the name of ‘Mr Scratched Car’. The heart-warming exchange between the YouTuber and the stranger garnered over 243,500 likes and was retweeted more than 20,900 times.

The users commenting on the post narrated similar incidents and praised the interaction between them. Some also praised the man’s reply to the Neistat’s note.

What do you think about the post?

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Spain PM plans to extend COVID lockdown after spike in deaths

Despite the World Health Organisation's warnings to not rush into easing the Coronavirus restrictions as it could lead to a resurgence of the disease, some of the affected countries have started to restart their economies.

Spain, which was also planning to ease the lockdown when the daily deaths dropped below 400, had to reconsid its plan after recording a spike for the second day on Wednesday. Another 435 people died in the past 24 hours, bringing the overall death toll to 21,717, said the authorities.


Pedro Sanchez, Spain PM

Spain has suffered the third-highest number of deaths in the world after the US and Italy, with infections now hitting 2,08,000 cases, health ministry figures showed. Monday's figure of 399 deaths was the lowest in four weeks, but a day later, it rose to 430 with officials explaining the numbers tend to go up slightly on Tuesday following delays in receiving regional data on weekend deaths.

The March 14 lockdown has been twice extended with Spain Prime Minister Pedro Sánchez seeking parliament go-ahead to prolong nation's state of emergency until May 9. "We must avoid missteps. If we stay on top of the virus and our health system maintains and reinforces that impression, then we will propose another step," BBC quoted him as saying.


A worker on a construction site on Wednesday in Cenon, France, as works resume after stopping several weeks; long lines built up outside the few McDonald's drive-thrus that started serving customers again; more than 10 million employees in France - one out of every two in the private sector - have been laid off during the lockdown. Pic/AFP

But from Sunday, the conditions are to be eased for youngsters in Spain, who have not been allowed out of the house for nearly six weeks under one of the most restrictive lockdowns in the world. From April 26, those under 14 will be allowed to go for a walk with one of their parents or accompany them on trips out to buy food, medicine or go to the bank.

Addressing MPs at Wednesday's parliamentary session, Sánchez said moves to ease the lockdown would likely begin in the second half of May. "The second half of May offers the prospect of a scaling-back [of the lockdown], of phase two of the fight" when the restrictions "will be modified", he said.
But the lockdown "will not be lifted until we are prepared for it because we are not going to take any risks," he said, insisting that "any optimism must be tempered by prudence".
'
"We must be incredibly careful in this phase," he said. "The scaling-back period will be slow and gradual, precisely because it has to be safe." Restrictions were also being eased in Denmark, Austria and France. In the US, too, some states were relaxing restrictions. The pandemic has infected over 2.5 million people and killed over 1,77,000 around the world.

Iran and Iraq continue to report new deaths

Iraq, which had on Tuesday partly eased the lockdown restrictions, recorded one more fatality, bringing the tally to 83 on Wednesday. The Health Ministry said the total number of cases reached 1,602 with 28 new cases, reported Anadolu Agency. In Iran, where local shops were reportedly allowed to open from April 20 but with social distancing in place, reported 94 new deaths on Wednesday. But the cases of infections was on the way down, it said. Health ministry said the fatalities detected in the past 24 hours took Iran's overall toll to 5,391; and infections climbed to 85,996 with 1,194 new cases. "If we arrogantly think that the job is done and we have won, then this would be the biggest problem that could affect us," President Hassan Rouhani said. Iran has struggled to contain the outbreak. Despite that, Iran has allowed many businesses to reopen since April 11 after shutting most down in mid-March to prevent the spread of the disease.

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Coronavirus: Asteroid flying by earth next week looks like it is wearing a face mask

With the Coronavirus lockdown being the only pressing issue one can think of right now, one can have a constant fear of contracting the deadly virus and taking precautions to protect oneself from it. The pandemic can even takeover one’s thoughts to an extend that it feels that even asteroids are wearing face masks.

A 1.5 km wide asteroid, which is almost half the size of Mount Everest is set to fly by Earth next week, and its shape has already generated curiosity among netizens. The Arecibo Observatory in Puerto Rico tweeted about the asteroid saying that it looks like it wearing a face mask. The observatory also shared a picture of the asteroid it snapped recently. The team researching about the asteroid in the observatory has been wearing the protective masks while at work as a precaution for the Coronavirus pandemic. They have likening the asteroid’s appearance to themselves in the hilarious tweet.

“#TeamRadar and the @NAICobservatory staff are taking the proper safety measures as we continue observations. This week we have been observing near-Earth asteroid 1998 OR2, which looks like it's wearing a mask! It's at least 1.5 km across and is passing 16 lunar distances away!” read the tweet. The team also shared pictures of their members wear masks and posing against the picture of the asteroid.

In a statement to CNN, Anne Virkki, head of the planetary radar at the Observatory said that the small-scale topographic features of the asteroid such as the hills and ridges are 'fascinating scientifically'. "But since we are all thinking about Covid-19, these features make it look like 1998 OR2 remembered to wear a mask," she added.

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Experts urge people to avoid mosques as cases spike in Pa

Pakistan's Coronavirus cases jumped to 12,579 on Sunday after 783 new infections were reported in one day, prompting the government officials and medical experts to appeal to the people to avoid visiting mosques and participating in congregational prayers during Ramzan to contain the spread.

According to the Ministry of National Health Services, at least 15 people have died in the last 24 hours, taking the death toll in the country to 269. The number of those recovered also increased to 2,866, it said. So far, 144,365 tests have been done in the country, including 6,218 in the last 24 hours.

As the infections keep growing, Pakistan Medical Association, Pakistan Islamic Medical Association (PIMA) have urged people to offer prayers at homes and not in mosques. PIMA President Dr Iftikhar Burney warned on Saturday that mosques were becoming a major source of virus transmission.

"Around 6,000 cases for coronavirus surfaced in a month, but the same has doubled in the last six days," he said, warning that the infection would further go up in the coming months of May and June.

The are reports that a 20-point agreement signed by the leading clerics with President Arif Alvi on restricting access to mosques during Ramzan was not being followed completely. Alvi has written a letter to the Imams of mosques urging them to ask worshippers above the age of 50 to pray at home.

783
No. of new infections reported on Sunday

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South Korea experts downplay possible reinfections

South Korean infectious disease experts have downplayed concerns that patients could get reinfected with COVID-19 after recovering. While hundreds in South Korea have tested positive again after their release from hospitals, Oh Myoung-don, who heads the central clinical panel on new infectious diseases, on Wednesday said there was a "high possibility" that such test results were flawed.

He said South Korea's standard real-time PCR tests, designed to amplify the genetic materials of the virus so that even tiny quantities are detected, doesn't reliably distinguish between remains of dead virus and infectious particles. He said lab tests on animals suggest that COVID-19 patients would maintain immunity for at least a year after their infections. He also said it was unlikely that the virus could be reactivated after remaining dormant when it doesn't seem to be a type that causes chronic illnesses.

277
No. of people tested positive after recovering

Construction fire near Seoul kills 8

A fire broke out on a construction site near Seoul on Wednesday, killing eight workers and leaving another 17 presumed dead. Local fire officials said the toll could rise as more people were believed to be trapped inside the warehouse that was under construction in Icheon. Another 14 or the 70 workers remained unaccounted for.

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North and South Korean troops exchange fire along border

North and South Korean troops exchanged fire along their tense border on Sunday, the South's military said, the first such incident since the rivals took unprecedented steps to lower front-line animosities in late 2018.

Violent confrontations have occasionally occurred along the border, the world's most heavily fortified. While Sunday's incident is a reminder of persistent tensions, it didn't cause any known casualties on either side and is unlikely to escalate, observers said. The Joint Chiefs of Staff in Seoul said in a statement that North Korean troops fired several bullets at a South Korean guard post inside the border zone. South Korea responded with a total of 20 rounds of warning shots on two occasions before issuing a warning broadcast, it said.

A preliminary South Korean analysis showed that the North firing wasn't likely a calculated provocation, though Seoul will continue examining whether there was any motivation for the action, a South Korean defense official said. The firing came a day after the North broadcast a video of Kim Jong Un reappearing in public after a 20-day absence.

S Korea refutes surgery rumour

North Korean leader Kim Jong Un did not undergo surgery or any other medical procedure, a South Korean official said on Sunday, amid speculation about his health that continues to linger even after he reappeared publicly. He refused to provide the basis for the intelligence assessment.

Glad Kim is back and well, says Trump

US President Donald Trump said Saturday he was "glad" about the reappearance of Kim Jong Un and that he is apparently healthy. "I, for one, am glad to see he is back, and well!" Trump tweeted, following Kim's first public appearance in nearly three weeks after rumours that he was seriously ill or possibly dead."

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Coronavirus Outbreak: Australia's Qantas extends flight cancellations

Australian flag carrier, Qantas on Tuesday extended international flight cancellations till the end of July, but said that it was in a strong position to endure disruptions caused by the COVID-19 pandemic.

The company said that domestic flights would be cancelled till the end of June and international services until the end of July, adding that domestic and trans-Tasman services could be quickly reinstated should restrictions ease in coming weeks, reports Xinhua news agency.

"Australia has done an amazing job of flattening the curve and we're optimistic that domestic travel will start returning earlier than first thought, but we clearly won't be back to pre-coronavirus levels anytime soon," Group CEO Alan Joyce said.

"With the possible exception of New Zealand, international travel demand could take years to return to what it was."

The company, which includes budget branch Jetstar, also revealed it had secured a further A$550 million ($354 million) in debt funding, placing it in a stronger position to endure the COVID-19 crisis.

According to Qantas, by reducing expenditure and borrowing against its fleet of aircraft, the company could survive several recovery scenarios, including one where current travel restrictions persisted until December 2021.

The reduction in expenditure is largely due to the standing down of more than 25,000 staff who were forced to use leave entitlements before receiving delayed financial assistance from the government.

"The impact of this stand down is deeply regrettable but has been greatly softened by the Australian Government's JobKeeper program, which the Group commenced paying several weeks ahead of the official payment start date," the airline said in a statement.

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Vijay Mallya appeals to UK Supreme Court as last ditch effort to prevent extradition to India

As a last ditch effort to prevent his extradition to India, embattled liquor baron Vijay Mallya on Monday filed an application in UK Supreme Court to prevent implementation of an earlier order that made his return to India imminent.

The application came after a gap of almost two weeks after the London High Court on April 20 rejected a similar application and ordered his extradition to India to face enforcement authorities there in connection with a Rs 9,000 crore bank fraud and money laundering case involving his now defunct Kingfisher Airlines.

The UK Supreme Court is expected to hear the matter later this week. Legal experts said that if the application is rejected by Supreme Court as well, then UK Home Secretary would have to sign on Mallya's extradition papers within 28 days.

Mallya's application in Supreme Court came on the last day when such an appeal could be made in the top court. The 64-year-old businessman was given 14 days to file such an application against the order of High Court. The high court dismissed his appeal against a Westminster Magistrates' Court extradition order certified by the UK Home Secretary.

Legal experts quoted above said it is unlikely for Mallya to get a reprieve from Supreme Court as it would only look as constitutional issues and may not tamper with high court's order if other aspects are in order.

This should be music to the ears of enforcement agencies in India who have been waiting for a long time get hold of the fugitive businessman. The ED has attached several properties of Mallya in the last few years under sections of the Prevention of Money Laundering Act.

Mallya is being investigated by the CBI and the Enforcement Directorate in connection with the loan fraud case.

He was arrested by the UK authorities on April 20, 2017 on the request of the Indian investigative agencies.

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UNICEF: At 20.1 million, India expected to have highest births since COVID-19 declared as pandemic

India is projected to record the highest number of births in the 9 months since COVID-19 was declared a pandemic in March, with more than 20 million babies expected to be born in the country between March and December, according to top UN body. The United Nations Children's Fund (UNICEF) warned that pregnant mothers and babies born during the pandemic across the world were threatened by strained health systems and disruptions in services. An estimated 116 million babies will be born under the shadow of COVID-19 pandemic, UNICEF said on Wednesday, ahead of Mother's Day, observed on May 10.

These babies are projected to be born up to 40 weeks after COVID-19 was recognised as a pandemic on March 11. The highest numbers of births in the 9 months since the pandemic was declared are expected to occur in India, where 20.1 million babies are projected to be born between March 11 and December 16. Other countries with the expected highest numbers of births during this period are China (13.5 million), Nigeria (6.4 million), Pakistan (5 million) and Indonesia (4 million), it said. "Most of these countries had high neonatal mortality rates even before the pandemic and may see these levels increase with COVID-19 conditions," UNICEF said.

It is estimated that there will be 24.1 million births in India for the January-December 2020 period. UNICEF warned that COVID-19 containment measures can disrupt life-saving health services such as childbirth care, putting millions of pregnant mothers and their babies at great risk. Even wealthier countries are affected by this crisis. In the US, the sixth highest country in terms of expected number of births, over 3.3 million babies are projected to be born between March 11 and December 16.
"New mothers and newborns will be greeted by harsh realities," UNICEF said, adding they include global containment measures such as lockdowns and curfews; health centres overwhelmed with response efforts; supply and equipment shortages; and a lack of sufficient skilled birth attendants as health workers, including midwives, are redeployed to treat COVID-19 patients.

"Millions of mothers all over the world embarked on a journey of parenthood in the world as it was. They now must prepare to bring a life into the world as it has become ¿ a world where expecting mothers are afraid to go to health centres for fear of getting infected, or missing out on emergency care due to strained health services and lockdowns," UNICEF Executive Director Henrietta Fore said. "It is hard to imagine how much the coronavirus pandemic has recast motherhood" Fore said.
UNICEF said its analysis was based on data from World Population Prospects 2019 of the UN Population Division.

An average full-term pregnancy typically lasts a complete 9 months, or 39 to 40 weeks. For the purposes of this estimate, the number of births for a 40-week period in 2020 was calculated. The 40-week period of March 11 to December 16 is used in this estimate based upon the WHO's March 11 assessment that COVID-19 can be characterised as a pandemic. UNICEF warned that although evidence suggests that pregnant mothers are not more affected by COVID-19 than others, countries need to ensure they still have access to antenatal, delivery and postnatal services.

Similarly, sick newborns need emergency services as they are at high risk of death. New families require support to start breastfeeding, and to get medicines, vaccines and nutrition to keep their babies healthy, it said. "This is a particularly poignant Mother's Day, as many families have been forced apart during the coronavirus pandemic, but it is also a time for unity, a time to bring everyone together in solidarity. We can help save lives by making sure that every pregnant mother receives the support she needs to give birth safely in the months to come," Fore said.

Issuing an urgent appeal to governments and health care providers to save lives in the coming months, UNICEF said efforts must be made to help pregnant women receive antenatal checkups, skilled delivery care, postnatal care services, and care related to COVID-19 as needed. Ensure health workers are provided with the necessary personal protective equipment and get priority testing and vaccination once a COVID-19 vaccine becomes available so that can deliver high quality care to all pregnant women and newborn babies during the pandemic, it said.

While it is not yet known whether the virus is transmitted from a mother to her baby during pregnancy and delivery, UNICEF advised all pregnant women to follow precautions to protect themselves from exposure to the virus. Closely monitor themselves for symptoms of COVID-19 and seek advice from the nearest designated facility if they have concerns or experience symptoms. Pregnant women should also take the same precautions to avoid COVID -19 infection as other people: practice physical distancing, avoid physical gatherings and use online health services, it said.

UNICEF said even before COVID-19 pandemic, an estimated 2.8 million pregnant women and newborns died every year, or 1 every 11 seconds, mostly of preventable causes.
The agency called for immediate investment in health workers with the right training, who are equipped with the right medicines to ensure every mother and newborn is cared for by a safe pair of hands to prevent and treat complications during pregnancy, delivery and birth.

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COVID-19: Premature opening will be a death sentence for people say experts

As Europe and the US loosen their lockdowns against the Coronavirus, health experts are expressing growing dread over what they say is an all-but-certain second wave of deaths and infections that could force governments to clamp back down.

'Risking a backslide'

"We are risking a backslide that will be intolerable," said Dr Ian Lipkin of Columbia University's Centre for Infection and Immunity. Around the world, German authorities began drawing up plans in case of a resurgence of the virus. Experts in Italy urged intensified efforts to identify new victims and trace their contacts. And France, which has not yet eased its lockdown, has already worked up a "re-confinement plan" in the event of a new wave.

"Typically pandemics occur in waves across different places, so people shouldn't think we are getting out of the woods just yet," the Guardian quoted Irwin Redlener, a physician and director of the National Centre for Disaster Preparedness, as saying.

US health officials worried

In the US, with about half of the states easing their shutdowns, public health authorities are worried. "If we relax these measures without having the proper public health safeguards in place, we can expect many more cases and, unfortunately, more deaths," said Josh Michaud, associate director of global health policy with the Kaiser Family Foundation in Washington.

Trump admin shelves CDC guide to reopen

A detailed report by the top Centers for Disease Control and Prevention investigators meant to give step-by-step advice to local leaders deciding when and how to reopen public places such as day care centers and restaurants during the still-raging pandemic has been shelved by the Trump administration. The report was supposed to be published last Friday, but agency scientists were told the guidance "would never see the light of day," said a CDC official.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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Tax-News.com: India To Expand GST E-Way Bill Pilot

The Indian Government has provided an update on the roll-out of the e-Way Bill system, which was introduced on April 1, 2018, confirming it will be extended to another five states from April 15, 2018.




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Tax-News.com: India To Expedite Resolution Of Tax Disputes In June

India's Central Board of Direct Taxation announced on June 7, 2018, that during the first two months of June tax officials have been tasked with resolving disputes with taxpayers.




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Tax-News.com: India Again Extends Deadline For 2017-18 Annual GST Return

India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year.




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Tax-News.com: Netherlands-UK Synthesized Double Tax Agreement Text Released

The UK Government on January 6, 2020, released the synthesized text of the 2008 Netherlands-UK double tax agreement, as modified by the BEPS multilateral instrument.




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Tax-News.com: EU Approves Irish Air Tax Exemption

The European Commission has concluded that an exemption for transfer and transit passengers from the Irish air travel tax was in line with EU state aid rules.




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Tax-News.com: New Irish PM Looking For Brexit Solutions

Irish Prime Minister Leo Varadkar has suggested that there could be an EU-UK customs union after Brexit.




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Sensex Ends Lower, Yes Bank Q4 Results, HUL Block Deal, and Top Stocks in Focus Today

Posted by Equitymaster
      

Indian share markets ended their trading session lower yesterday.

Benchmark indices edged lower tracking weak global cues as investors fretted over weak economic data and rising COVID-19 cases.

Barring energy stocks, all sectoral indices ended on a negative note with stocks in the power sector, telecom sector and consumer durables sector witnessing most of the selling pressure.

At the closing bell yesterday, the�BSE Sensex stood lower by 242 points and the�NSE Nifty�closed down by 72 points.

The SGX Nifty�was trading at 9,200, down by 53 points, at the time of writing.

The�BSE Mid Cap�index and the�BSE Small Cap�index ended their day down by 0.5% and 0.1%, respectively.

Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here -�This is When the Stock Market Will Bottom Out

Also, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can�claim your FREE copy here...

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She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit'

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Top Stocks in Focus Today

From the pharma sector, Dr Reddy's Laboratories share price will be in focus as the company announced that the its NDA (new drug application) Elyxyb ((celecoxib oral solution 25 mg/mL) has been approved by the US Food and Drug Administration.

The drug is indicated for the acute treatment of migraine with or without aura in adults.

From the IT sector, HCL Technologies share price will also be in focus as the company reported a 22.8% year-on-year (YoY) rise in consolidated net profit at Rs 31.5 billion compared with Rs 25.7 billion in the same quarter last year.

Revenue for the quarter rose 16.3% YoY to Rs 185.9 billion from Rs 159.9 billion reported in the year-ago quarter. In dollar terms, revenue rose 11.7% YoY to US$ 2,543.40 million from US$ 2,277.80 million. On a sequential basis, dollar sales were flat. Sales growth in constant currency terms rose 13.5% YoY to US$ 2,584.60 million.

To know more about the company, you can read HCL Technologies' Q4FY20 result analysis on our website.

Market participants will also be tracking RBL Bank share price, Cyient share price and Gillette share price as these companies announced their March quarter results yesterday.

You can read our recently released Q4FY20 results of other companies here: Ambuja Cement,�IndusInd Bank,�Axis Bank,�Tech Mahindra,�HUL,�Reliance Industries,�Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems.

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Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss

Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event.

And with the corona crash, this opportunity has only become even more exciting.

And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run.

So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours.

Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE.

Click here to find out how you can claim your FREE copy
------------------------------

GSK Sells Stake in HUL via Block Deal

From the FMCG sector, Hindustan Unilever (HUL) share price will be in focus as the UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals yesterday.

According to the term sheet, over 133 million shares are being offered in the range of Rs 1,850-1,950 to investors through a special block window. The deal will be valued roughly between Rs 246 billion to Rs 259 billion.

GSK and�Horlicks�are selling up to US$ 3.4 billion worth of HUL shares through what could be India's biggest secondary market block trades.

The British drug maker is looking to monetise about 5.7% of�HUL stock it had got after last year's merger of GSK Consumer Healthcare and HUL.

As per the scheme of amalgamation amongst GSK Consumer Healthcare and HUL, GlaxoSmithKline Pte had received 54.08 million shares of HUL, meanwhile Horlicks received 79.69 million shares.

Accordingly, parent company Unilever Plc and group companies' stake in HUL reduced to 61.9%, from 67.2% earlier after the issue of new shares.

Yes Bank Q4FY20 Results

Yes Bank reported better-than-expected March quarter (Q4FY20) results.

Yes Bank�posted a net profit of Rs 26.3 billion on the back of one-time gain attributed to an exceptional item of Rs 63 billion.

The bank has written-down additional tier-1 bonds as part of its planned reconstruction scheme, leading to a one-time gain of Rs 63 billion.

In the absence of the exceptional gain, the bank would have reported a net loss of Rs 36.7 billion.

The bank had reported a net loss of Rs 15.1 billion a year ago, while the same was Rs 185.6 billion in Q3FY20.

The bank's net interest income (NII) for the March quarter came in at Rs 12.7 billion, up 19.6% sequentially.

Net interest margin (NIM) for Q4FY20 came in at 1.9%, compared to 3.1% a year ago.

On the asset quality front, gross non-performing assets (NPA) fell 19% QoQ to Rs 328.8 billion, mostly on account of write-offs.

The bank's deposits plunged to Rs 1.05 lakh crore, down 54% YoY compared with Rs 2.27 lakh crore.

Meanwhile, Advances declined 29% YoY to Rs 1.7 lakh crore from Rs 2.4 lakh crore in the year-ago quarter.

For the financial year 2019-20 (FY20), the private lender posted a loss of Rs 164.2 billion, on a standalone basis, compared to net profit of Rs 17.2 billion in the previous year.

To know more, you can read Yes Bank's latest result analysis on our website.

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of�The 5 Minute WrapUp...

  • Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.

    The Modi government is looking at various ways�to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.

    Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.

    Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this�megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the�Rebirth of India.�You can read about them here.

And to know what's moving the Indian stock markets today, check out the most recent�share market updates here.



This article (Sensex Ends Lower, Yes Bank Q4 Results, HUL Block Deal, and Top Stocks in Focus Today) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BSE Sensex Surges 640 Points; HUL Among Top Gainers

Posted by Equitymaster
      

The BSE Sensex has surged 640 points to 32,083 (up 2.0%).

Among the top gainers in the BSE Sensex today are HUL (up 4.3%), BAJAJ FINANCE (up 3.3%) and TCS (up 3.0%). Other gainers include RELIANCE IND. (up 2.8%) and MARUTI SUZUKI (up 2.7%).

BAJAJ AUTO (down 2.7%) and NESTLE (down 1.0%) are among the top losers today.

In the meantime, the NSE Nifty Index is up 3,299 points to 9,377 (up 1.9%).

The top gainers in the NSE Nifty Index include include HINDALCO (up 4.5%), HUL (up 4.2%) and ZEE ENTERTAINMENT (up 3.7%). Other gainers include GAIL (up 3.6%) and MARUTI SUZUKI (up 2.6%).

Over the last one year, the BSE Sensex has moved up from Rs 38,277 to Rs 32,083, registering a gain of Rs -6,194 (up -16.2%)..

The top gainers among the BSE Sensex stocks during this same period were BHARTI AIRTEL (up 66.4%), NESTLE (up 63.6%) and HUL (up 22.6%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

Which stocks contributed the most to the BSE Sensex?

The biggest contributors to the gain in the Sensex today were HUL (86 points) and BAJAJ FINANCE (68 points).

Among the other contributors were TCS (57 points) and RELIANCE IND. (43 points).

What about the other broader BSE Indices?

The BSE 100 index has gained -2,133 points today and is now trading at 9,475 (down 18.4%). The top gainer here is AVENUE SUPERMARTS LTD (up 76.0%).

The BSE 500 on the other hand gained 2,818 points (up 1.7%), and is currently at 12,141.



This article (BSE Sensex Surges 640 Points; HUL Among Top Gainers) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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IRB INFRA. Surges by 7%; BSE REALTY Index Up 0.7%

Posted by Equitymaster
      

IRB INFRA. share price has zoomed 7% and is presently trading at Rs 69.

Meanwhile, the BSE REALTY Index is at 1,333 (up 0.7%).

Among the top Gainers in the BSE REALTY Index today is IRB INFRA. (up 7.3%).

GODREJ PROPERTIES (down 0.4%) and SOBHA LIMITED (down 1.8%) are among the top losers today.

Over the last one year, IRB INFRA. has moved down from Rs 118 to Rs 69, registering a loss of Rs 48 (down 41.1%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,333, loss of 650 points (down 32.8%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were [param_historic_top3].

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,083 (up 2.0%).

The top gainers among the BSE Sensex stocks today are HUL (up 4.3%), BAJAJ FINANCE (up 3.3%) and TCS (up 3.0%). Other gainers include RELIANCE IND. (up 2.8%) and MARUTI SUZUKI (up 2.7%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 9,377 (up 1.9%). The top gainers in the NSE Nifty include HINDALCO (up 4.5%), HUL (up 4.2%) and ZEE ENTERTAINMENT (up 3.7%). Other gainers include GAIL (up 3.6%) and BAJAJ FINANCE (up 3.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,083, registering a loss of 6,194 points (down 16.18%).

IRB INFRA. Financial Update...

IRB INFRA. net profit down at Rs 2 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 2.6% to Rs 17.4 billion during the period as against Rs 17.9 billion in October-December 2018.

For the year ended March 2019, IRB INFRA. reported 7.2% increase in net profit to Rs 8.5 billion compared to net profit of Rs 7.9 billion during FY18.

Revenue of the company grew 17.8% to Rs 67 billion during FY19.

The current Price to earnings ratio of IRB INFRA., based on rolling 12 month earnings, stands at 3.1x.

This article (IRB INFRA. Surges by 7%; BSE REALTY Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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CYIENT Plunges by 6%; BSE IT Index Up 1.2%

Posted by Equitymaster
      

CYIENT share price has plunged 6% and is presently trading at Rs 219.

Meanwhile, the BSE IT Index is at 13,667 (up 1.2%).

Among the top losers in the BSE IT Index today is CYIENT (down 5.6%).

FIRSTSOURCE SOL. (up 2.6%) and ORACLE FINANCIAL (up 2.5%) are among the top gainers today.

Over the last one year, CYIENT has moved down from Rs 568 to Rs 219, registering a loss of Rs 349 (down 61.4%)..

The BSE IT has moved down from 15,682 to 13,667, loss of 2,015 points (down 12.8%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were INFIBEAM AVENUES (up 14.6%) and NIIT TECHNOLOGIES (up 10.1%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%). The top gainers among the BSE Sensex stocks today are HUL (up 3.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). DR. REDDYS LAB (up 4.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.35%).

CYIENT Financial Update...

CYIENT net profit stood at Rs 1 billion for the quarter ended December 2019, compared to a profit of Rs 924 million a year ago. Net Sales declined 6.9% to Rs 11.1 billion during the period as against Rs 11.9 billion in October-December 2018.

For the year ended March 2019, CYIENT reported 13.3% increase in net profit to Rs 4.8 billion compared to net profit of Rs 4.2 billion during FY18.

Revenue of the company grew 17.9% to Rs 46 billion during FY19.

The current Price to earnings ratio of CYIENT, based on rolling 12 month earnings, stands at 5.1x.

This article (CYIENT Plunges by 6%; BSE IT Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BANK OF MAHARASHTRA Surges by 9%; BSE BANKEX Index Up 2.1%

Posted by Equitymaster
      

BANK OF MAHARASHTRA share price has zoomed 9% and is presently trading at Rs 10.

Meanwhile, the BSE BANKEX Index is at 22,787 (up 2.1%).

Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 8.6%).

Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 15 to Rs 10, registering a loss of Rs 5 (down 35.9%).

On the other hand, the BSE BANKEX has moved down from 32,704 to 22,787, loss of 9,917 points (down 30.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%).

The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.35%).

BANK OF MAHARASHTRA Financial Update...

BANK OF MAHARASHTRA net profit declined 103.6% YoY to Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 38 billion a year ago. Operating income rose 14.0% to Rs 30.2 billion during the period as against Rs 26.5 billion in October-December 2018.

For the year ended March 2019, BANK OF MAHARASHTRA reported 328.3% increase in net profit to Rs 47.6 billion compared to net profit of Rs 11.1 billion during FY18.

Revenue of the company grew 2.2% to Rs 108 billion during FY19.

The current Price to earnings ratio of BANK OF MAHARASHTRA, based on rolling 12 month earnings, stands at 6.7x.

This article (BANK OF MAHARASHTRA Surges by 9%; BSE BANKEX Index Up 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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DR. REDDYS LAB Surges by 5%; BSE HEALTHCARE Index Up 1.6%

Posted by Equitymaster
      

DR. REDDYS LAB share price has zoomed 5% and is presently trading at Rs 4,100.

Meanwhile, the BSE HEALTHCARE Index is at 15,318 (up 1.6%).

Among the top Gainers in the BSE HEALTHCARE Index today is DR. REDDYS LAB (up 5.3%).

NARAYANA HRUDAYALAYA LTD (down 0.3%) and IPCA LABS (down 0.5%) are among the top losers today.

Over the last one year, DR. REDDYS LAB has moved up from Rs 2,943 to Rs 4,100, registering a gain of Rs 1,157 (up 37.2%).

On the other hand, the BSE HEALTHCARE has moved up from 14,034 to 15,318, registering a gain of 1,284 points (up 9.0%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 145.8%), J.B.CHEMICALS (up 87.6%) and IPCA LABS (up 61.8%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%).

The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.35%).

DR. REDDYS LAB Financial Update...

DR. REDDYS LAB net profit down at Rs 6 billion for the quarter ended December 2019, compared to a loss of Rs 5 billion a year ago. Net Sales rose 13.8% to Rs 44.0 billion during the period as against Rs 38.6 billion in October-December 2018.

For the year ended March 2019, DR. REDDYS LAB reported 108.9% increase in net profit to Rs 19.1 billion compared to net profit of Rs 9.1 billion during FY18.

Revenue of the company grew 8.2% to Rs 154 billion during FY19.

The current Price to earnings ratio of DR. REDDYS LAB, based on rolling 12 month earnings, stands at 40.9x.

This article (DR. REDDYS LAB Surges by 5%; BSE HEALTHCARE Index Up 1.6%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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J.B.CHEMICALS at 52 Week High; BSE 500 Index Up 2.0%

Posted by Equitymaster
      

J.B.CHEMICALS share price has hit a 52-week high at Rs 625 (up 2.0%).

Meanwhile, the BSE 500 Index is at 12,146 (up 1.7%).

Among the top gainers in the BSE 500 Index today are J.B.CHEMICALS (up 2.0%) and ICICI SECURITIES LTD (up 10.5%).

CYIENT (down 5.6%) and RELIANCE CAPITAL (down 5.0%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 625, registering a gain of Rs 294 (up 87.64%).

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 435.7%), ABBOTT INDIA (up 145.8%) and NAVIN FLUORINE (up 122.8%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.8%). The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). DR. REDDYS LAB (up 4.1%) and INDIABULLS HOU. FIN. (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,277 to 32,089, registering a gain of -6,188 points (up -16.4%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.0x.

This article (J.B.CHEMICALS at 52 Week High; BSE 500 Index Up 2.0% ) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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ASHOK LEYLAND Surges by 5%; BSE AUTO Index Up 1.7%

Posted by Equitymaster
      

ASHOK LEYLAND share price has zoomed 5% and is presently trading at Rs 48.

Meanwhile, the BSE AUTO Index is at 12,741 (up 1.7%).

Among the top Gainers in the BSE AUTO Index today is ASHOK LEYLAND (up 5.1%).

Over the last one year, ASHOK LEYLAND has moved down from Rs 86 to Rs 48, registering a loss of Rs 37 (down 43.5%).

On the other hand, the BSE AUTO has moved down from 18,491 to 12,741, loss of 5,750 points (down 31.2%) during the last 12 months.

The top gainers among the BSE AUTO Index stocks during this same period were MRF LTD. (up 11.8%) and BALKRISHNA INDUSTRIES (up 6.4%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are HUL (up 3.3%), INDUSIND BANK (up 2.5%) and BAJAJ FINANCE (up 2.3%). Other gainers include RELIANCE IND. (up 2.3%) and TATA STEEL (up 2.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.54%).

ASHOK LEYLAND Financial Update...

ASHOK LEYLAND net profit down at Rs 278 million for the quarter ended December 2019, compared to a loss of Rs 4 billion a year ago. Net Sales declined 36.5% to Rs 40.2 billion during the period as against Rs 63.3 billion in October-December 2018.

For the year ended March 2019, ASHOK LEYLAND reported 19.7% increase in net profit to Rs 21.8 billion compared to net profit of Rs 18.2 billion during FY18.

Revenue of the company grew 11.0% to Rs 332 billion during FY19.

The current Price to earnings ratio of ASHOK LEYLAND, based on rolling 12 month earnings, stands at 15.0x.

This article (ASHOK LEYLAND Surges by 5%; BSE AUTO Index Up 1.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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NCC Surges by 5%; BSE REALTY Index Up 1.3%

Posted by Equitymaster
      

NCC share price has zoomed 5% and is presently trading at Rs 25.

Meanwhile, the BSE REALTY Index is at 1,345 (up 1.3%).

Among the top Gainers in the BSE REALTY Index today is NCC (up 5.4%).

Over the last one year, NCC has moved down from Rs 92 to Rs 25, registering a loss of Rs 68 (down 73.5%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.4%) during the last 12 months.

The top gainers among the BSE REALTY Index stocks during this same period were [param_historic_top3].

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 3.5%), HUL (up 3.0%) and BAJAJ FINANCE (up 2.6%). Other gainers include RELIANCE IND. (up 2.3%) and AXIS BANK (up 2.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.6%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.3%), INDUSIND BANK (up 3.8%) and HUL (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.0%) and HINDALCO (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.52%).

NCC Financial Update...

NCC net profit down at Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 2 billion a year ago. Net Sales declined 32.5% to Rs 22.8 billion during the period as against Rs 33.8 billion in October-December 2018.

For the year ended March 2019, NCC reported 153.1% increase in net profit to Rs 6.8 billion compared to net profit of Rs 2.7 billion during FY18.

Revenue of the company grew 53.7% to Rs 129 billion during FY19.

The current Price to earnings ratio of NCC, based on rolling 12 month earnings, stands at 3.4x.

This article (NCC Surges by 5%; BSE REALTY Index Up 1.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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HATHWAY CABLE Surges by 11%; BSE 500 Index Up 1.2%

Posted by Equitymaster
      

HATHWAY CABLE share price has zoomed 11% and is presently trading at Rs 20.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top Gainers in the BSE 500 Index today is HATHWAY CABLE (up 11.5%).

ADANI PORTS & SEZ and CARE RATING are among the top losers today.

Over the last one year, HATHWAY CABLE has moved down from Rs 29 to Rs 20, registering a loss of Rs 9 (down 32.2%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 432.6%), ABBOTT INDIA (up 145.6%) and NAVIN FLUORINE (up 117.3%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.0%), HUL (up 3.2%) and KOTAK MAHINDRA BANK (up 2.6%). Other gainers include RELIANCE IND. (up 2.5%) and ICICI BANK (up 2.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.9%), DR. REDDYS LAB (up 3.5%) and KOTAK MAHINDRA BANK (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.2%) and HUL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.71%).

HATHWAY CABLE Financial Update...

HATHWAY CABLE net profit declined 168.0% YoY to Rs 131 million for the quarter ended March 2020, compared to a loss of Rs 192 million a year ago. Net Sales rose 5.7% to Rs 1.5 billion during the period as against Rs 1.4 billion in January-March 2019.

For the year ended March 2019, HATHWAY CABLE reported 336.0% decrease in net profit to Rs 2.4 billion compared to net profit of Rs 1.0 billion during FY18.

Revenue of the company grew 1.5% to Rs 16 billion during FY19.

The current Price to earnings ratio of HATHWAY CABLE, based on rolling 12 month earnings, stands at 206.9x.

This article (HATHWAY CABLE Surges by 11%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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CASTROL INDIA Surges by 6%; BSE OIL & GAS Index Up 1.4%

Posted by Equitymaster
      

CASTROL INDIA share price has zoomed 6% and is presently trading at Rs 131.

Meanwhile, the BSE OIL & GAS Index is at 11,694 (up 1.4%).

Among the top Gainers in the BSE OIL & GAS Index today is CASTROL INDIA (up 5.7%).

Over the last one year, CASTROL INDIA has moved down from Rs 149 to Rs 131, registering a loss of Rs 18 (down 12.5%).

On the other hand, the BSE OIL & GAS has moved down from 15,092 to 11,694, loss of 3,398 points (down 22.8%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 52.7%) and RELIANCE IND. (up 15.1%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.9%). Other gainers include RELIANCE IND. (up 2.7%) and AXIS BANK (up 2.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.9%), DR. REDDYS LAB (up 3.5%) and KOTAK MAHINDRA BANK (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.2%) and HUL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.63%).

CASTROL INDIA Financial Update...

CASTROL INDIA net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 2.1% to Rs 10.1 billion during the period as against Rs 10.3 billion in October-December 2018.

For the year ended December 2018, CASTROL INDIA reported 2.4% increase in net profit to Rs 7.1 billion compared to net profit of Rs 6.9 billion during FY17.

Revenue of the company grew 1.4% to Rs 39 billion during FY18.

The current Price to earnings ratio of CASTROL INDIA, based on rolling 12 month earnings, stands at 15.6x.

This article (CASTROL INDIA Surges by 6%; BSE OIL & GAS Index Up 1.4%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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TV18 BROADCAST Surges by 10%; BSE 500 Index Up 1.5%

Posted by Equitymaster
      

TV18 BROADCAST share price has zoomed 10% and is presently trading at Rs 20.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.5%).

Among the top Gainers in the BSE 500 Index today are TV18 BROADCAST (up 10.1%) and HATHWAY CABLE (up 13.5%).

PAGE INDUSTRIES and SCHAEFFLER INDIA LTD (down 0.1%) are among the top losers today.

Over the last one year, TV18 BROADCAST has moved down from Rs 30 to Rs 20, registering a loss of Rs 10 (down 33.8%).

On the other hand, the BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 19.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 146.0%) and NAVIN FLUORINE (up 119.0%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.7%), KOTAK MAHINDRA BANK (up 3.3%) and HUL (up 3.0%). Other gainers include AXIS BANK (up 2.7%) and BAJAJ FINANCE (up 2.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 4.6%), DR. REDDYS LAB (up 3.9%) and KOTAK MAHINDRA BANK (up 3.1%). Other gainers include HUL (up 3.1%) and INDIABULLS HOU. FIN. (up 3.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.56%).

TV18 BROADCAST Financial Update...

TV18 BROADCAST net profit down at Rs 1 billion for the quarter ended March 2020, compared to a loss of Rs 2 billion a year ago. Net Sales declined 0.0% to Rs 14.2 billion during the period as against Rs 14.3 billion in January-March 2019.

For the year ended March 2019, TV18 BROADCAST reported 390.2% decrease in net profit to Rs 1.7 billion compared to net loss of Rs 602.0 million during FY18.

Revenue of the company grew 243.7% to Rs 57 billion during FY19.

The current Price to earnings ratio of TV18 BROADCAST, based on rolling 12 month earnings, stands at 9.1x.

This article (TV18 BROADCAST Surges by 10%; BSE 500 Index Up 1.5%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Sensex Opens Over 500 Points Higher; Metal and Banking Stocks Rally

Posted by Equitymaster
      

Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.6% while the Hang Seng is up 0.9%. The Nikkei 225 is trading up by 1.8%. Wall Street's indices climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.

Trends on SGX Nifty indicated a positive opening for the index in India with a 91 points gain.

India share markets opened higher. The BSE Sensex is trading up by 542 points while the NSE Nifty is trading up by 158 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.9% and 0.6% respectively.

All sectoral indices are trading in green with metal stocks and banking stocks witnessing maximum buying interest.

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Note that the�coronavirus impact�has shaken markets worldwide. For the�BSE Sensex, FY20 was the second worst year post FY08, the year of the global financial crisis.

Good Time to Start Investing Now?

Naturally, there is an atmosphere of fear all round.

Is it time to sell stocks now? Will the correction get worse?

History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.

If you can�find good businesses�that can survive the current crisis, you will do well in the long run.

Moving on, the rupee is currently trading at 75.57 against the�US$.

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Gold prices are currently trading up 1.7% at Rs 46,161.

Gold prices in India edged lower in yesterday's trade though it remained in a narrow range.

On MCX, June gold futures fell about Rs 30 to Rs 45,340 per 10 gram, extending losses to the third day.

Gold prices had fallen about Rs 426 per 10 gram in the previous session. Silver futures also gave up early gains and were down 0.1% to 41,803 per kg.

In global markets, gold prices edge higher today after a sharp fall in the previous session.

Spot gold climbed 0.3% to US$1,690.19 per ounce, after a 1% fall in the previous session. Despite bleak economic data, the dollar's strength is weighing on gold.

The US dollar today touched a more than one-week high against a basket of major currencies. Besides firmer dollar, some bullion refineries restarted have production, easing supply-side concerns.

Moving on to mutual funds sector. Investors pumped Rs 837.8 billion in equity-oriented mutual fund (MF) schemes in FY20, registering a decline of 25% from the Rs 1.11-trillion inflows in the preceding year.

However, this was the sixth successive year of net inflows in equity mutual funds, according to data by the Association of Mutual Funds in India.

The flows into equity funds in the last fiscal were lower than the flows in 2018-19 primarily because of the equity markets displaying volatility, which made some investors take a break from making fresh equity investments.

Net inflows in these funds were Rs 1.7 trillion in FY18, Rs 703.7 billion in FY17, Rs 740.2 billion in FY16, and Rs 710.3 billion in FY15. However, they had witnessed a net outflow of Rs 92.7 billion in FY14.

To know what's moving the Indian stock markets today, check out the most recent�share market updates here.



This article (Sensex Opens Over 500 Points Higher; Metal and Banking Stocks Rally) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 1.3%

Posted by Equitymaster
      

J.B.CHEMICALS share price has hit an all-time high at Rs 635 (up 4.2%).

Meanwhile, the BSE HEALTHCARE Index is at 15,318 (up 1.3%).

Among the top gainers in the BSE HEALTHCARE Index today are J.B.CHEMICALS (up 4.2%) and ABBOTT INDIA (up 0.3%).

CADILA HEALTHCARE and DISHMAN CARBOGEN AMCIS LTD (down 0.1%) are among the top losers today.

Over the last one year, J.B.CHEMICALS has moved up from Rs 331 to Rs 635, registering a gain of Rs 304 (up 91.7%).

The BSE HEALTHCARE has moved up from 14,034 to 15,318, registering a gain of 1,284 points (up 8.7%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 145.2%), J.B.CHEMICALS (up 91.7%) and IPCA LABS (up 62.9%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.9%). Other gainers include ICICI BANK (up 2.8%) and BAJAJ FINANCE (up 2.4%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.3%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 3.9%), INDIABULLS HOU. FIN. (up 3.6%) and INDUSIND BANK (up 3.6%). Other gainers include HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.8%).

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of -6,188 points (up -16.7%).

J.B.CHEMICALS Financial Update...

J.B.CHEMICALS net profit stood at Rs 622 million for the quarter ended December 2019, compared to a profit of Rs 464 million a year ago. Net Sales rose 9.3% to Rs 3.9 billion during the period as against Rs 3.5 billion in October-December 2018.

For the year ended March 2018, J.B.CHEMICALS reported 24.8% decrease in net profit to Rs 1.4 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 3.3% to Rs 14 billion during FY18.

The current Price to earnings ratio of J.B.CHEMICALS, based on rolling 12 month earnings, stands at 20.4x.

This article (J.B.CHEMICALS at All Time High; BSE HEALTHCARE Index Up 1.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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TUBE INVESTMENTS OF INDIA LTD Plunges by 5%; BSE CAPITAL GOODS Index Up 0.8%

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TUBE INVESTMENTS OF INDIA LTD share price has plunged 5% and is presently trading at Rs 375.

Meanwhile, the BSE CAPITAL GOODS Index is at 11,399 (up 0.8%).

Among the top losers in the BSE CAPITAL GOODS Index today is TUBE INVESTMENTS OF INDIA LTD (down 5.4%).

SKF INDIA (up 7.4%) and SADBHAV ENGINEERING (up 4.9%) are among the top gainers today.

Over the last one year, TUBE INVESTMENTS OF INDIA LTD has moved up from Rs 368 to Rs 375, registering a gain of Rs 7 (up 1.9%)..

The BSE CAPITAL GOODS has moved down from 17,932 to 11,399, loss of 6,533 points (down 36.4%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HONEYWELL AUTOMATION (up 14.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). DR. REDDYS LAB (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.77%).



This article (TUBE INVESTMENTS OF INDIA LTD Plunges by 5%; BSE CAPITAL GOODS Index Up 0.8%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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ITD CEMENTATION INDIA Surges by 11%; BSE REALTY Index Up 1.3%

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ITD CEMENTATION INDIA share price has zoomed 11% and is presently trading at Rs 38.

Meanwhile, the BSE REALTY Index is at 1,345 (up 1.3%).

Among the top Gainers in the BSE REALTY Index today is ITD CEMENTATION INDIA (up 10.8%).

SOBHA LIMITED and OMAXE LTD are among the top losers today.

Over the last one year, ITD CEMENTATION INDIA has moved down from Rs 115 to Rs 38, registering a loss of Rs 78 (down 67.5%).

On the other hand, the BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.4%) during the last 12 months.

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%), ICICI BANK (up 3.8%) and BHARTI AIRTEL (up 3.1%). Other gainers include HUL (up 2.7%) and KOTAK MAHINDRA BANK (up 2.7%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include RELIANCE IND. (up 4.1%), ICICI BANK (up 3.8%) and DR. REDDYS LAB (up 3.7%). Other gainers include BHARTI AIRTEL (up 3.3%) and HUL (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.56%).



This article (ITD CEMENTATION INDIA Surges by 11%; BSE REALTY Index Up 1.3%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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LAURUS LABS LTD Plunges by 9%; BSE HEALTHCARE Index Up 1.6%

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LAURUS LABS LTD share price has plunged 9% and is presently trading at Rs 488.

Meanwhile, the BSE HEALTHCARE Index is at 15,333 (up 1.6%).

Among the top losers in the BSE HEALTHCARE Index today is LAURUS LABS LTD (down 8.8%).

J.B.CHEMICALS (up 5.5%) and DR. REDDYS LAB (up 3.9%) are among the top gainers today.

Over the last one year, LAURUS LABS LTD has moved up from Rs 386 to Rs 488, registering a gain of Rs 102 (up 26.5%)..

The BSE HEALTHCARE has moved up from 14,034 to 15,333, registering a gain of 1,299 points (up 9.3%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 144.4%), J.B.CHEMICALS (up 94.1%) and IPCA LABS (up 66.0%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.7%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 4.0%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.5%). ZEE ENTERTAINMENT (up 6.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.48%).



This article (LAURUS LABS LTD Plunges by 9%; BSE HEALTHCARE Index Up 1.6%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BRIGADE ENTERPRISES Plunges by 7%; BSE REALTY Index Up 0.7%

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BRIGADE ENTERPRISES share price has plunged 7% and is presently trading at Rs 112.

Meanwhile, the BSE REALTY Index is at 1,345 (up 0.7%).

Among the top losers in the BSE REALTY Index today is BRIGADE ENTERPRISES (down 6.8%).

INDIABULLS REAL EST (up 3.8%) and DLF (up 2.0%) are among the top gainers today.

Over the last one year, BRIGADE ENTERPRISES has moved down from Rs 153 to Rs 112, registering a loss of Rs 41 (down 26.8%)..

The BSE REALTY has moved down from 1,983 to 1,345, loss of 638 points (down 32.2%) during the last 12 months.

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.6%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are SBI and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 5.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.54%).

BRIGADE ENTERPRISES Financial Update...

BRIGADE ENTERPRISES net profit down at Rs 405 million for the quarter ended December 2019, compared to a loss of Rs 594 million a year ago. Net Sales declined 19.7% to Rs 5.5 billion during the period as against Rs 6.9 billion in October-December 2018.

For the year ended March 2019, BRIGADE ENTERPRISES reported 96.0% increase in net profit to Rs 2.8 billion compared to net profit of Rs 1.4 billion during FY18.

Revenue of the company grew 56.7% to Rs 30 billion during FY19.

The current Price to earnings ratio of BRIGADE ENTERPRISES, based on rolling 12 month earnings, stands at 7.2x.

This article (BRIGADE ENTERPRISES Plunges by 7%; BSE REALTY Index Up 0.7%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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NTPC Plunges by 5%; BSE POWER Index Down 2.1%

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NTPC share price has plunged 5% and is presently trading at Rs 92.

Meanwhile, the BSE POWER Index is at 1,456 (down 2.1%).

Among the top losers in the BSE POWER Index today is NTPC (down 5.1%).

RELIANCE INFRA (up 5.0%) and THERMAX (up 0.8%) are among the top gainers today.

Over the last one year, NTPC has moved down from Rs 134 to Rs 92, registering a loss of Rs 42 (down 31.0%)..

The BSE POWER has moved down from 1,954 to 1,456, loss of 498 points (down 25.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 20.9%) and GMR INFRA (up 7.2%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.4%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 5.2%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.73%).

NTPC Financial Update...

NTPC net profit down at Rs 14 billion for the quarter ended December 2019, compared to a loss of Rs 27 billion a year ago. Net Sales declined 2.6% to Rs 235.0 billion during the period as against Rs 241.2 billion in October-December 2018.

For the year ended March 2019, NTPC reported 151.3% increase in net profit to Rs 161.6 billion compared to net profit of Rs 64.3 billion during FY18.

Revenue of the company grew 8.7% to Rs 957 billion during FY19.

The current Price to earnings ratio of NTPC, based on rolling 12 month earnings, stands at 5.1x.

This article (NTPC Plunges by 5%; BSE POWER Index Down 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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TORRENT POWER LTD Plunges by 5%; BSE POWER Index Down 2.1%

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TORRENT POWER LTD share price has plunged 5% and is presently trading at Rs 327.

Meanwhile, the BSE POWER Index is at 1,456 (down 2.1%).

Among the top losers in the BSE POWER Index today is TORRENT POWER LTD (down 5.1%).

RELIANCE INFRA (up 5.0%) and THERMAX (up 0.8%) are among the top gainers today.

Over the last one year, TORRENT POWER LTD has moved up from Rs 255 to Rs 327, registering a gain of Rs 72 (up 28.1%)..

The BSE POWER has moved down from 1,954 to 1,456, loss of 498 points (down 25.5%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were TORRENT POWER LTD (up 20.1%) and GMR INFRA (up 7.5%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.3%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.3%). ZEE ENTERTAINMENT (up 4.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.76%).

TORRENT POWER LTD Financial Update...

TORRENT POWER LTD net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 5.4% to Rs 30.8 billion during the period as against Rs 32.5 billion in October-December 2018.

For the year ended March 2018, TORRENT POWER LTD reported 121.5% increase in net profit to Rs 9.5 billion compared to net profit of Rs 4.3 billion during FY17.

Revenue of the company grew 15.1% to Rs 115 billion during FY18.

The current Price to earnings ratio of TORRENT POWER LTD, based on rolling 12 month earnings, stands at 10.0x.

This article (TORRENT POWER LTD Plunges by 5%; BSE POWER Index Down 2.1%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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JM FINANCIAL Plunges by 5%; BSE 500 Index Up 1.2%

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JM FINANCIAL share price has plunged 5% and is presently trading at Rs 66.

Meanwhile, the BSE 500 Index is at 12,146 (up 1.2%).

Among the top losers in the BSE 500 Index today are JM FINANCIAL (down 5.1%) and LAURUS LABS LTD (down 8.3%).

TV18 BROADCAST (up 9.0%) and E.I.D. PARRY (up 7.3%) are among the top gainers today.

Over the last one year, JM FINANCIAL has moved down from Rs 85 to Rs 66, registering a loss of Rs 19 (down 22.1%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 433.0%), ABBOTT INDIA (up 143.2%) and NAVIN FLUORINE (up 117.1%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.6%). The most traded stocks in the BSE Sensex are INDUSIND BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 9,383 (up 1.4%). ZEE ENTERTAINMENT (up 5.0%) and RELIANCE IND. (up 4.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.61%).

JM FINANCIAL Financial Update...

JM FINANCIAL net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 8.0% to Rs 8.3 billion during the period as against Rs 9.0 billion in October-December 2018.

For the year ended March 2019, JM FINANCIAL reported 14.5% increase in net profit to Rs 11.1 billion compared to net profit of Rs 9.7 billion during FY18.

Revenue of the company grew 16.1% to Rs 35 billion during FY19.

The current Price to earnings ratio of JM FINANCIAL, based on rolling 12 month earnings, stands at 6.6x.

This article (JM FINANCIAL Plunges by 5%; BSE 500 Index Up 1.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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BHARAT DYNAMICS Plunges by 5%; BSE 500 Index Up 0.8%

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BHARAT DYNAMICS share price has plunged 5% and is presently trading at Rs 231.

Meanwhile, the BSE 500 Index is at 12,146 (up 0.8%).

Among the top losers in the BSE 500 Index today are BHARAT DYNAMICS (down 5.4%) and LAURUS LABS LTD (down 9.0%).

TV18 BROADCAST (up 7.9%) and E.I.D. PARRY (up 7.6%) are among the top gainers today.

Over the last one year, BHARAT DYNAMICS has moved down from Rs 281 to Rs 231, registering a loss of Rs 50 (down 17.8%)..

The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 431.9%), ABBOTT INDIA (up 142.8%) and NAVIN FLUORINE (up 115.0%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.0%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 4.0%). The most traded stocks in the BSE Sensex are INDUSIND BANK and ICICI BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.1%). ZEE ENTERTAINMENT (up 5.1%) and DR. REDDYS LAB (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.03%).



This article (BHARAT DYNAMICS Plunges by 5%; BSE 500 Index Up 0.8%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.