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Markets will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

Sensex Trades in Red; IT & Metal Stocks Drag
Wed, 21 Nov 09:30 am | Monish Vora, TM Team

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.7% while the Hang Seng is down 0.2%. The Shanghai Composite is trading down by 0.1%. US stocks dropped, and the Nasdaq fell 1.7% on Tuesday.

Back home, India share markets have opened the day on a negative note. The BSE Sensex is trading down by 101 points while the NSE Nifty is trading down by 20 points. The BSE Mid Cap index opened up by 0.5% while BSE Small Cap index opened up by 0.3%.

Sectoral indices have opened the day on a mixed note with oil & gas stocks and healthcare stocks witnessing maximum buying interest. While metal stocks and IT stocks have opened the day in red.

The rupee is currently trading at Rs 71.40 against the US$.

In the news from the pharma space, Dr Reddy's share price is witnessing buying interest today.

Reportedly, a court ruling allowed the company to sell a generic of Indivior Plc's opioid treatment drug Suboxone in the US.

The US court appeals for the Federal Circuit which were set aside yesterday blocked Dr. Reddy's from selling the generic in the country. The market comprising drugs that treat opioid abuse in the US during the past 12 months is worth $2.8 billion.

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Dr Reddy's share price is trading up by 7.5%.

You can also read Dr Reddy's Q2FY19 result and Dr Reddy's annual report on our website.

Moving on to the news from the commodity space, oil prices tumbled more than 6% on Tuesday in heavy trading volume, with US crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about a slowdown in global economic growth.

Speaking of crude oil, India's crude oil production was lower by 4.2% in September 2018 as compared to last year, as can be seen from the chart below.

The worrying factor is this was the lowest production this year.

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

  • Comparing domestic production with the crude oil processed by refineries gives an idea of the demand supply gap. Low domestic production as compared to the demand for crude oil places a huge burden on India's import bill.

    Rising crude oil prices could have severe implications. Rising inflation. Rising interest rates. Pressure on the government to cut excise duty, thereby impacting its revenues.

    We have seen some of this play out. With elections around the corner, expect a lot of subsidies on fuel prices. This is bound to worsen India's fiscal deficit further.

It would be interesting to see how this pans out. Meanwhile, we will keep you updated on all the developments from this space.

Sarvajeet offers an interesting insight on an infinite return business.

Here's what he wrote in a recent edition of The 5 Minute Wrap Up...

  • Talking about moat businesses, I believe the moat should be reflected in the financials.

    Keeping things simple, a business with competitive advantage, should earn above average margins. It should have an asset and working capital light business model.

    The low investment in assets and working capital should be reflected in strong cash flows. The balance sheet should be strong with minimum or no debt.

    Growth in profits should surpass the growth in sales.

    The below chart shows the last five-year performance of the company we are about to recommend in Smart Money Secrets in the coming week.


    Financials Like These Are Seen Only in Duopoly Markets

    A company operating in a duopoly market with limited competition fares very well on key financial metrics.

    As we can see in the chart, this company has grown its profits faster than its sales.

    It earns margins in north of 50% (a very rare feat to achieve), and pays a dividend that's more than 35% of its profits.

    It's asset light with no big capex requirements to grow. In fact, it barely invests any money at all in working capital (see the cash conversion cycle in the chart).

    The big question is - are these financials sustainable?

    If yes, at what price should you consider buying the stock?

    Find out soon...

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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Stock Market Updates

Sensex Trades Over 300 Points Lower, Dow Futures Down by 128 Points (Today's Market)

May 12, 2021 12:30 pm

BSE Sensex is trading down by 328 points, while the NSE Nifty is trading down by 89 points.

GODREJ AGROVET Share Price Up by 9%; BSE FMCG Index Down 0.1% (Today's Market)

May 12, 2021 12:14 PM

GODREJ AGROVET share price is trading up by 9% and its current market price is Rs 577. The BSE FMCG is down by 0.1%. The top gainers in the BSE FMCG Index are GODREJ AGROVET (up 8.5%) and GSK CONSUMER (up 5.1%). The top losers are GILLETTE INDIA (down 0.2%) and ITC (down 0.2%).

Sensex Dips 300 Points, Nifty Falls Below 14,800; Godrej Consumer Zooms 10% (Today's Market)

May 12, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 325 points, while the Nifty is trading lower by 84 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.7% (Today's Market)

May 12, 2021 09:36 AM

SIEMENS share price has hit an all time high at Rs 2,096 (up 7.5%). The BSE CAPITAL GOODS Index is up by 0.7%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 7.5%) and HONEYWELL AUTOMATION (up 0.1%). The top losers include CARBORUNDUM UNIVERSAL (down 0.1%) and SCHAEFFLER INDIA (down 0.4%).

CADILA HEALTHCARE at All Time High; BSE HEALTHCARE Index Down 0.1% (Today's Market)

May 12, 2021 09:36 AM

CADILA HEALTHCARE share price has hit an all time high at Rs 640 (up 1.1%). The BSE HEALTHCARE Index is down by 0.1%. Among the top gainers in the BSE HEALTHCARE Index today are CADILA HEALTHCARE (up 1.1%) and ABBOTT INDIA . The top losers include TORRENT PHARMA (down 0.1%) and SANOFI INDIA (down 0.1%).

BLISS GVS PHARMA Share Price Down by 6%; BSE HEALTHCARE Index Down 0.1% (Today's Market)

May 12, 2021 09:34 AM

BLISS GVS PHARMA share price is trading down by 6% and its current market price is Rs 124. The BSE HEALTHCARE is down by 0.1%. The top gainers in the BSE HEALTHCARE Index are SUN PHARMA ADV. RES. (up 2.0%) and AJANTA PHARMA (up 1.9%). The top losers are BLISS GVS PHARMA (down 5.6%) and DISHMAN CARBOGEN AMCIS (down 7.8%).

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