The BSE REALTY Index has hit an all-time high at 2,072 (up 2.1%)

The BSE REALTY Index has surged 2% to 2,072.

Among the top gainers in the BSE REALTY Index today are INDIABULLS REAL EST (up 2.6%), GODREJ PROPERTIES(up 2.0%) and UNITECH (up 2.0%). Other gainers include PHOENIX MILL (up 1.5%) and DLF LTD (up 1.5%).

OBEROI REALTY (down 0.7%) is among the top loser today.

In the meantime, the NIFTY 50 has surges 0.53% to 10,648.

The top gainers in the NIFTY 50 include BSEL INFRASTRUCTURE (up 16.1%), PARSVNATH DEV (up 7.0%) and LANCO INFRATECH (up 6.7%). Other gainers include COMMERCIAL ENGINEERS (up 6.2%) and OBEROI REALTY (up 4.7%).

Over the last one year, the BSE REALTY has moved up from Rs 2,033 to Rs 2,072, registering a gain of Rs 39 (up 1.9%).

The top gainers among the BSE REALTY sector during this same period were PHOENIX MILL (up 45.4%), GODREJ PROPERTIES (up 42.4%) and OBEROI REALTY (up 33.9%).

What about the Benchmark BSE Index?

Meanwhile, the BSE Sensex has surged 0.49% to 35,215.

Among the top gainers in the BSE Sensex today are TATA STEEL (up 2.0%), SBI (up 1.6%) and VEDANTA LTD (up 1.6%). Other gainers include ONGC (up 1.5%) and RELIANCE IND. (up 1.3%).

The most traded stocks in the BSE Sensex are ICICI BANK and HIND. UNILEVER.

In the meantime, the NSE Nifty is at 10,648 (0.5%).

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INFOSYS LTD at All Time High; BSE IT Index Up 0.6%

INFOSYS LTD share price has hit an all-time high at Rs 1,304 (up 0.68%).

Meanwhile, the BSE IT Index is at 13,917 (up 0.64%).

Among the top gainers in the BSE IT Index today are INFOSYS LTD (up 0.68%) and TCS (up 0.34%)

TECH MAHINDRA (down 0.35%) and ORACLE FINANCIAL SERVICES (down 0.63%) are among the top losers today.

Over the last one year, INFOSYS LTD has moved up from Rs 924 to Rs 1,304, registering a gain of Rs 380 (up 40.37%).

The BSE IT has moved up from 9,772 to 13,917, registering a gain of 4,145 points (up 42.01%) during the last 12 months.

The top gainers among the BSE IT Index stocks during this same period were KPIT TECHNOLOGIES (up 119.10%), FIRSTSOURCE SOL. (up 118.75%) and L&T INFOTECH LTD (up 108.94%).

What About the Benchmark Indices?

The BSE Sensex is at 35,215 (up 0.49%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 1.98%), SBI (up 1.64%) and VEDANTA LTD (up 1.59%). Other gainers include ONGC (up 1.46%) and RELIANCE IND. (up 1.34%). The most traded stocks in the BSE Sensex are ICICI BANK and HIND. UNILEVER.

In the meantime, NSE Nifty is at 10,648 (up 0.53%). The top gainers in the NSE Nifty include BPCL (up 2.67%), HPCL (up 1.97%) and ONGC (up 1.76%). Other gainers include SBI (up 1.71%) and IOC (up 1.65%).

Over the last 12 months, the BSE Sensex has moved up from 30,834 to 35,215, registering a gain of 4,381 points (up 14.19%).

INFOSYS LTD Financial Update...

INFOSYS LTD net profit declined 28.1% YoY to Rs 37 billion for the quarter ended March 2018, compared to a loss of Rs 51 billion a year ago. Net Sales rose 1.6% to Rs 180.8 billion during the period as against Rs 177.9 billion in January-March 2017.

For the year ended March 2018, INFOSYS LTD reported 11.9% increase in net profit to Rs 161.0 billion compared to net profit of Rs 143.8 billion during FY17.

Revenue of the company grew 3.0% to Rs 705 billion during FY18.

The current Price to earnings ratio of INFOSYS LTD, based on rolling 12 month earnings, stands at 17.6x.

This article was originally published in English at www.equitymaster.com

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Sensex Opens Firm; Realty Stocks Rally

Asian share markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.3% while the Hang Seng is up 1%. The Shanghai Composite is trading up by 1%. US stocks rose on Thursday as technology and other growth sectors rebounded from the prior day's declines and financial shares snapped a 13-day losing streak.

Back home, India share markets opened the day in a positive territory. The BSE Sensex is trading up by 142 points while the NSE Nifty is trading up by 44 points. The BSE Mid Cap index opened up by 0.7% while BSE Small Cap index opened up by 0.9%.

All sectoral indices have opened the day in green with energy stocks and realty stocks witnessing maximum buying interest. The rupee is trading at 68.94 to the US$.

In the news from the bank sector. As per an article in a leading financial daily, Punjab National Bank (PNB) sold a 3.33% stake in rating agency Icra for nearly Rs 1.1 billion, through open market transactions.

Earlier this month, the bank had announced that it would divest stake in its subsidiary PNB Housing Finance and other entities like BSE, Icra and Crisil depending on the market conditions.

The shedding of stake in non-core assets is part of PNB's reforms agenda adopted in January this year.

According to the block deal, PNB disposed of 3.3 lakh shares, amounting to 3.33% stake in Icra.

The shares were offloaded at an average price of Rs 3,291, translating into a transaction of Rs 1086 million.

All the shares were bought by IIFL Management Services.

The state-owned bank had reduced its stake in Icra by 1.94% in the last 10 years during the period from July 2008 to March 2018 through open market transactions.

At the end of March quarter, PNB held 3.4 lakh shares or 3.43% stake in the rating agency.

The bulk deal data available with the BSE and NSE also showed that Societe Generale sold nearly 3.69 lakh shares, amounting to 1.2% stake in Indian Energy Exchange for a total of Rs 584.6 million.

Our team of Equitymaster analysts have been working on a project to track the smartest minds in value investing. They have compiled a special report on them, called The Superinvestors of India.

Now, because of insights from these interactions, the team has glued their eyes on insider activity and bulk and block deals...

As per them...

• "The three approaches - tracking superinvestor shareholdings, catching these moves early through bulk and block deal disclosures, and keeping tabs on changes in promoter holdings - have unveiled some critical smart money secrets..."

PNB share price opened the day up by 2.1%.

Meanwhile, Indian refiners are confident that US sanctions on Iran will not disrupt crude oil supplies because the global market has abundant supplies and numerous sellers.

Indian officials and executives at state oil companies were jolted two days back after US president Donald Trump demanded zero import of Iranian oil by India, and other importing countries, from November 4 when US sanctions on Iran related to the petroleum sector take effect.

They had presumed the new sanctions would be a re-run of the previous Iran sanctions when India received waivers and continued to import a significant quantity.

India refiners prefer Iranian oil as it comes with freight discount and a longer credit period.

As per the reports earlier, India was mulling seeking US exemptions on Iran sanctions, and considering paying for Iranian oil in rupee using a banking channel that had no exposure to the US after State Bank of India told refiners it wouldn't support payment to Iran from November 4.

Indian refiners use euro to pay for Iranian oil, routing the payment via State Bank of India and Germany-based bank Europaeisch-Iranische Handelsbank AG (EIH).

Iran sanctions could become one key issue in the US-India diplomatic ties that has hit a low lately.

Speaking of crude oil prices, whenever oil prices have surpassed US$ 100/barrel, they didn't stay there for very long.

In technical term, it is sort of 'resistance level'.

The chart below illustrates the same.

Resistance Kicks in Once Crude Touches US$ 100/barrel

Oil prices have collapsed thrice because of demand destruction: in 1979, 2008, and 2014.

In 1979, the trigger for oil price increase was the Iranian Revolution and the Iran-Iraq war. Due to this, oil prices rose from US$ 50/barrel to above US$ 100/barrel between January 1979 and April 1981.

Then, new production from the North Sea, Mexico, Alaska, and Siberia flooded the market. By March 1986, prices had fallen to US$ 27/barrel.

In 2008, when oil touched US$ 150/barrel, it was quickly followed by the financial crisis and recession.

Then, between 2011 and 2014, when oil was above of US$ 100/barrel, several years of triple-digit oil prices led to a near doubling of shale production in the US, a volume that helped trigger the crash in 2014.

As per the media reports, even Saudi officials think US$ 60 is a reasonable price for oil in the long term.

A spike in oil prices could result in history repeating itself.

To get more updates on share market, click here.

This article was originally published in English at www.equitymaster.com

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JINDAL SAW LTD plunges by 5%; BSE METAL Index Up 0.1%

JINDAL SAW LTD share price has plunged 5% and is presently trading at Rs 90.

Meanwhile, the BSE METAL Index is at 13,143 (Up 0.1%).

Among the top losers in the BSE METAL Index today is JINDAL SAW LTD (down 5.02%)

NMDC LTD (up 0.50%) and HINDALCO (up 0.49%) are among the top gainers today.

Over the last one year, JINDAL SAW LTD has moved up from Rs 90 to Rs 90, registering a gain of Rs 1 (up 0.61%).

The BSE METAL has moved up from 11,343 to 13,143, registering a gain of 1,800 points (up 15.87%) during the last 12 months.

The top gainers among the BSE METAL Index stocks during this same period were JINDAL STEEL & POWER (up 81.93%), JSW STEEL (up 68.27%) and SAIL (up 47.56%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (up 0.29%). The top gainers among the BSE Sensex stocks today are ADANI PORTS & SEZ (up 2.19%), ICICI BANK (up 1.14%) and RELIANCE IND. (up 0.78%). Other gainers include L&T (up 0.53%) and TATA STEEL (up 0.45%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (up 0.25%). ADANI PORTS & SEZ (up 2.17%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.91%).

This article was originally published in English at www.equitymaster.com

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BATA INDIA at All Time High; BSE FMCG Index Up 0.2%

BATA INDIA share price has hit an all-time high at Rs 848 (down 0.05%).

Meanwhile, the BSE FMCG Index is at 11,124 (up 0.17%).

Among the top gainers in the BSE FMCG Index today are BATA INDIA (down 0.12%) and NESTLE (up 0.12%)

VENKYS (I) LIMITED (down 0.02%) and HIND. UNILEVER (down 0.03%) are among the top losers today.

Over the last one year, BATA INDIA has moved up from Rs 532 to Rs 848, registering a gain of Rs 316 (up 58.52%).

The BSE FMCG has moved up from 10,194 to 11,124, registering a gain of 930 points (up 9.13%) during the last 12 months.

The top gainers among the BSE FMCG Index stocks during this same period were RADICO KHAITAN (up 204.03%), VENKYS (I) LIMITED (up 80.04%) and BRITANNIA (up 68.40%).

What About the Benchmark Indices?

The BSE Sensex is at 35,679 (up 0.24%). The top gainers among the BSE Sensex stocks today are ADANI PORTS & SEZ (up 2.20%), ICICI BANK (up 1.02%) and L&T (up 0.51%). Other gainers include TATA MOTORS (up 0.51%) and M&M (up 0.47%). The most traded stocks in the BSE Sensex are ADANI PORTS & SEZ and ICICI BANK.

In the meantime, NSE Nifty is at 10,810 (up 0.24%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 2.05%), ICICI BANK (up 1.01%) and HINDALCO (up 0.80%). Other gainers include IOC (up 0.73%) and TECH MAHINDRA (up 0.72%).

Over the last 12 months, the BSE Sensex has moved up from 31,298 to 35,679, registering a gain of 4,381 points (up 13.85%).

BATA INDIA Financial Update...

BATA INDIA net profit declined 23.6% YoY to Rs 521 million for the quarter ended March 2018, compared to a loss of Rs 682 million a year ago. Net Sales declined 6.2% to Rs 6.3 billion during the period as against Rs 6.7 billion in January-March 2017.

For the year ended March 2017, BATA INDIA reported 26.6% increase in net profit to Rs 1.8 billion compared to net profit of Rs 1.4 billion during FY16.

Revenue of the company grew 2.0% to Rs 25 billion during FY17.

The current Price to earnings ratio of BATA INDIA, based on rolling 12 month earnings, stands at 48.5x.

This article was originally published in English at www.equitymaster.com

Read the complete Indian stock market update. For the terms of use, go here.

Sensex Opens Higher; Consumer Durables & Bank Stocks Lead

Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.8% while the Hang Seng is down 0.4%. The Shanghai Composite is trading flat. On Wednesday, US markets ended the day mixed with the Nasdaq Composite closing at a record high and the Dow trapped in its longest losing streak since March 2017 as US trade concerns lingered.

Back home, India share markets opened the day on a positive note. The BSE Sensex is trading up by 94 points while the NSE Nifty is trading up by 30 points. The BSE Mid Cap index and BSE Small Cap index both opened up by 0.2%.

Barring power stocks, healthcare stocks & metal stocks, all sectoral indices have opened the day in green with consumer durables stocks and bank stocks witnessing maximum buying interest. The rupee is trading at 68.08 to the US$.

It's been almost five & a half months of 2018.

While the BSE-Sensex has increased marginally so far, the mid and small cap indices have fallen between 10% and 12%.

Uncertain Times for the Benchmark Index

But that's just the indices. Individual mid and small caps have fallen much more.

The steep fall in these indices is due to several reasons.

First, there has been some profit-booking in the mid and small cap space. After all, these indices were sharp outperformers in 2017. Second, rising crude oil prices and a falling rupee have taken a toll.

And third, there is some pressure in this space due to the re-alignment of investments by mutual fund managers prompted by the recent changes in regulation.

In such an environment, it makes sense for investors to be selective while buying stocks. Focus on value and the underlying fundamentals of the business. Then, they need not worry about the market.

So, what is key to identifying potential multibagger stocks?

Most importantly, are there any stocks right now that could turn out to be multibaggers? Click here to know everything that you need to know right now about mutlibagger stocks...

opened the day on a mixed note with & leading the gainers. As per an article in a leading financial daily, Bharat Heavy Electricals Ltd (BHEL) has bagged two major orders for emission control equipment. The order is worth Rs 10 billion from Telangana State Power Generation Corporation Ltd (TSGENCO).

The orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at TSGENCO's 1x800 MW Kothagudem Thermal Power Station (TPS) and 4x270 MW Bhadradri TPS in Telangana.

The order for Bhadradri TPS also includes modification in Boiler and Electrostatic Precipitators (ESPs) to meet the revised emission norms.

BHEL is presently executing these projects on an engineering, procurement, and construction (EPC) basis.

opened the day up by 0.9%.

To know more about the company, you can access to BHEL's latest result analysis and BHEL stock analysis on our website.

To get more updates on share market, click here.

Moving on to the news from the . IndiGo (Interglobe Aviation Ltd) retained its No.1 spot in terms of market shareamong India's air passenger careers in May, carrying 4.85 million people during the month.

Reportedly, the low-fare airline commanded a 40.9% market share in May, against 39.8% in April, and 41.2% in May 2017.

The Jet Airways (India) Ltd. came a distant second, with 13.7% market share, flying 1.63 million passengers during the month, as per the data from Directorate General of Civil Aviation (DGCA).

National carrier Air India clocked 12.8% market share, carrying 1.52 million passengers, while SpiceJet, which registered 12.3% market share, carried 1.5 million passengers. Besides, GoAir carried 1.03 million passengers, AirAsia India 648,000, Vistara 471,000 and Jet Lite 182,000.

During May, SpiceJet clocked the highest passenger load factor at 94.8%, meaning nearly 95% of its seats were filled. IndiGo registered a load factor of 91%, while AirAsia India and GoAir registered 89.7% and 89.2%, respectively.

Despite the anticipated spike during the month, growth in comparison with the same period last year was only 17%, as opposed to 26% in April and 28% in March, due to the increase in fuel prices, and travel in particular sectors becoming expensive.

The total number of passengers carried by domestic airlines during Jan-May 2018 was 57.1 million, registering a growth of 22.7%, the reports noted.

IndiGo share price opened the day up by 3.9%.

This article was originally published in English at www.equitymaster.com

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