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Indian Indices Finish Strong; FMCG & Banking Stocks Witness Buying
Fri, 7 Dec Closing | Monish Vora, TM Team

Indian share markets traded on a positive note throughout the day and ended on a strong note. Gains were seen in the bank sector, FMCG sector and auto sector, while oil & gas stocks and PSU stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 361 points (up 1%) and the NSE Nifty closed higher by 93 points (up 0.9%). The BSE Mid Cap index ended the day up 0.2% and the BSE Small Cap index ended the day down by 0.3%.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was down by 0.3% and the Shanghai Composite was up by 0.1%. The Nikkei 225 was up 0.8%.

The rupee was trading at 70.66 against the US$.

As per Association of Mutual Funds of India (AMFI), retail investors continued to pour money in mutual funds through systematic investment plans (SIPs) in the month of November.

This comes as the industry received Rs 79.8 billion via the SIP route in November, a rise of 35.4% on a YoY (year-on-year) basis.

The figure, however, remained flat month-on-month despite the volatility in the stock market.

SIP AUM increased to Rs 2.31 lakh crore in November from Rs 2.17 lakh crore in the previous month. SIP folios also increased to Rs 2.52 crore in November from 2.49 crore last month.

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Average Assets Under Management (AAUM) of the industry for the month of November 2018 stood at Rs 24,031 billion, registering a growth of 5% on YoY basis and 8% on month on month basis.

The total number of folios as on November 30, 2018 stood at 79.7 million, witnessed an increase of 23% on YoY basis. Within that the retail segment stood at 67.1 million, up 27% YoY.

Note that the SIP flows in to Indian stock markets are on the rise. Have a look at the chart below. It plots the month SIP contributions over the 31-month period between April 2016 and October 2018.

SIPs Continue to Rise Despite Market Correction

During the above period, SIP contributions have grown from Rs 3,122 crore in April 2016 to Rs 7,985 crore in October 2018, growing at compounded annual rate of 46%.

Currently, there are about 2.49 crore SIP accounts through which investors regularly invest in various Indian mutual fund schemes. As per AMFI data, the mutual fund industry added an average of about 10.05 lakh SIP accounts each month during the financial year 2018-19, with an average SIP size of about Rs 3,200 per SIP account.

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

    As I've shown you some of my earlier editorials (here, here and here), there's a structural change in the Indian stock markets. Domestic investors have emerged as key players in the Indian markets.

    But there are a few questions that need to be answered...

    Is this flood of domestic liquidity entering the markets a temporary fad? Or is there some element of long-term sustainability to it?

    To answer these questions, the most reliable piece of data is SIP flows.

    First, let me quickly explain what SIP is all about.

    SIP stands for Systematic Investment Plan. It is an investment plan offered by mutual funds where in one can periodically invest a fixed amount in a mutual fund scheme. It is similar to a recurring deposit where in you deposit a certain amount every month.

    SIP is a convenient method of investing in mutual funds through standing instructions to debit your bank account every month.

    This not only saves you a lot of hassle, it also helps in averaging your costs and investing in a disciplined manner without worrying about timing the market.

    For these reasons, SIPs have been gaining popularity among Indian mutual fund investors.

    The liquidity pouring into the markets through SIPs is relatively stable, reliable, and long-term money.

If the trend in SIP inflows remains steady, it will provide the much-needed buoyancy to the Indian markets which have been witnessing an exodus of foreign investors.

In the news from the aviation sector, Jet Airways share price was in focus today after media reports suggested Etihad Airways has offered to finance as much as US$ 200 million to Jet Airways to keep the airline operational.

As per the news, the airline had sought US$ 350 million in soft loans from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier.

To know more about the company, you can access to Jet Airways' latest result analysis and Jet Airways' 2017-18 Annual Report Analysis on our website.

From the IT space, HCL Technologies share price was in focus today after the company said it is acquiring select IBM software products for US$ 1.8 billion.

As per the news, the products which represent a total addressable market of more than US$ 50 billion include the products in areas like security, marketing and commerce.

The acquisition, which is the largest in the history of HCL, is expected to close by mid-2019.

To know more about the company, you can access HCL Tech Q2FY19 result analysis and HCL Tech Annual Report on our website.

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 Ends 441 Points Lower; Nifty Settles Below 15,000-Mark (Today's Market)

Mar 5, 2021 Closing

Indian share markets end lower with the Sensex down by 441 points and the Nifty ending down by 143 points.

GRINDWELL NORTON Share Price Down by 5%; BSE CAPITAL GOODS Index Down 1.5% (Today's Market)

Mar 5, 2021 03:30 PM

GRINDWELL NORTON share price is trading down by 5% and its current market price is Rs 950. The BSE CAPITAL GOODS is down by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 3.3%) and AIA ENGINEERING (up 0.3%). The top losers is GRINDWELL NORTON (down 5.1%).

ADITYA BIRLA CAPITAL Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:28 PM

ADITYA BIRLA CAPITAL share price is trading down by 5% and its current market price is Rs 131. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 7.3%) and MOTILAL OSWAL (up 5.9%). The top losers are ADITYA BIRLA CAPITAL (down 5.0%) and APOLLO HOSPITALS (down 5.2%).

HAVELLS INDIA Share Price Down by 5%; BSE CONSUMER DURABLES Index Down 0.7% (Today's Market)

Mar 5, 2021 03:20 PM

HAVELLS INDIA share price is trading down by 5% and its current market price is Rs 1,163. The BSE CONSUMER DURABLES is down by 0.7%. The top gainers in the BSE CONSUMER DURABLES Index are BLUE STAR (up 1.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.3%). The top losers is HAVELLS INDIA (down 5.1%).

BALMER LAWRIE Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:18 PM

BALMER LAWRIE share price is trading down by 5% and its current market price is Rs 148. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.8%) and MOTILAL OSWAL (up 6.1%). The top losers are BALMER LAWRIE (down 5.0%) and APOLLO HOSPITALS (down 5.5%).

TRENT Share Price Down by 5%; BSE 500 Index Down 1.3% (Today's Market)

Mar 5, 2021 03:16 PM

TRENT share price is trading down by 5% and its current market price is Rs 936. The BSE 500 is down by 1.3%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.6%) and MOTILAL OSWAL (up 6.1%). The top losers are TRENT (down 5.4%) and APOLLO HOSPITALS (down 5.5%).

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