Sensex Trades in Green; Maruti Suzuki & Tata Steel Top Gainers

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Share markets in India are presently trading on a strong note tracking higher global equity markets.

The BSE Sensex is trading up by 294 points while the NSE Nifty is trading up by 95 points.

The BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index is trading up by 0.1%.

Barring IT stocks, all sectoral indices are trading in green with stocks in the automobile sector and power sector witnessing most of the buying interest.

The rupee is trading at 71.22 against the US$.

Speaking of Indian stock markets, in his latest video, Rahul Shah outlines the action you can take if the bull market of 2019 passed by you.

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Market participants are tracking Coal India share price, TVS Srichakra share price, and Siemens share price as these companies are scheduled to announce their December quarter results later today.

In news from the FMCG sector, shares of Bajaj Consumer Care fell over 8% in early trade today after the company's standalone net profit in December 2019 quarter declined 16.7% on a year-on-year (YoY) basis to Rs 500.8 million, due to lower operational revenue.

It had posted a net profit of Rs 600.9 million in the October-December quarter a year ago.

The FMCG firm's operational revenues during the quarter fell 7.8% to Rs 2,115 million as against Rs 2,296 million in the corresponding quarter a year ago.

The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 23.7% to Rs 543 million while margin declined to 27.1% from 32.6%, YoY.

On a consolidated basis, the company reported a 17.8% decline in its net profit at Rs 487.4 million for the third quarter ended December 2019.

The company's net sales during the quarter fell 8.2% to Rs 2,065.6 million as against Rs 2,250.3 million in the corresponding quarter a year ago.

Total expenses during the quarter under review declined 1.2% to Rs 1,622.8 million as compared with Rs 1,643.2 million in the year-ago quarter.

Bajaj Consumer Care share price is presently trading down by 7%.

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

Moving on to news from the mutual funds space, net inflows into equity mutual funds (MFs) were at a five-month high of Rs 79.3 billion in January, up 73% from December, according to data released by the Association of Mutual Funds in India (Amfi).

The asset size of the MF industry at the end of January stood at Rs 27.85 trillion.

Investor flows to small and midcap funds improved 154% and 126%, respectively, over the previous month. Small-cap funds garnered Rs 10.7 billion in January, while midcap funds collected Rs 18 billion.

Equity mutual funds have seen steady inflows for the last two months. Retail monthly systematic investment plan (SIP) contribution was at an all-time high at Rs 85.3 billion.

Equity MF redemptions also softened to Rs 134.4 billion in January, against the previous month's Rs 154.4 billion.

On the debt side, investor flows stood at Rs 1.09 trillion, contributed largely by liquid and overnight schemes. For liquid schemes, investor flows stood at Rs 596.8 billion, while overnight schemes garnered Rs 226.5 billion.

At the beginning of the current financial year, overnight schemes accounted for Rs 113.1 billion of investor assets. At the end of January, the size of the category stood at Rs 545.8 billion.

At the end of January, equity assets stood at Rs 7.89 trillion, while assets managed by debt schemes stood at Rs 12.41 trillion.

Speaking of the mutual fund industry, note that the Indian mutual fund industry is a high growth sector.

In fact, the growth rate over the last five years has been even higher. The chart below shows the trend in mutual fund AUMs since FY14.

Mutual Fund AUM Tripled in Just 5 years

Over the last five years, mutual fund AUMs have nearly tripled, growing at 23.5% CAGR.

Recently, NSE-backed Computer Age Management Services (CAMS) filed a draft red herring prospectus with the market regulator. CAMS is the largest registrar and transfer agent (RTA) for mutual funds in India.

Being the largest registrar and transfer agent for mutual funds, CAMS is a direct beneficiary of the twin megatrends of financialisation and digitalisation.

Ankit is closely tracking this IPO and will be sharing his views at his premium newsletter Equitymaster Insider (requires subscription).

He's also closely watching the IPO trend in 2020 and is going to pick all the profitable IPOs for his readers at Equitymaster Insider. In one of his recent articles, he has explained why keeping a tab on the IPO market is vital to your overall investing goals. You can read it here: What I Learnt from IPOs in 2019 (requires subscription).

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

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

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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