Sensex Trades Marginally Higher; Tata Motors & Infosys Top Gainers

Thu, 16 May 12:30 pm

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Share markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the realty sector and IT sector witnessing maximum buying interest, while telecom stocks and healthcare stocks are trading in red.

The BSE Sensex is trading up by 79 points while the NSE Nifty is trading up by 26 points. Both, the BSE Mid Cap index and the BSE Small Cap index are trading on a flat note.

Speaking of Indian stock markets, note that the Sensex, BSE Midcap index and BSE Smallcap index have had differing degrees of volatility over past fifteen years.

But the returns from the three different indices are mostly in line since 2004. Rs 100 invested in any of these indices in 2004 would have yielded about Rs 700 by March 2019.

In fact, as we can see in the chart below, the gap in the compounded annual return of the Sensex and Smallcap index is less than 1%.

Difference in 15 year CAGR of Sensex and BSE Smallcap Index is Less than 1%

This shows that while small caps are a good place to look for big returns, blue chips can also offer you big returns over long time frames.

In fact, as per Tanushree, the best contrarian bets on such safe stocks could even offer you handsome three and digit returns.

In the news from the currency space, the rupee is trading at Rs 70.24 against the US$. Yesterday, the domestic currency ended higher by 10 paise driven by easing crude prices.

Rupee rose after remaining under pressure in the last few sessions following ease in trade war tensions between US and China.

Trade war concerns between the two major economies has kept most market participants on the edge and volatility has been high.

For the second successive session, US markets rebounded yesterday as tensions between the two eased-off. There were also reports that US president could hold off on imposing tariffs on imported cars and parts.

Tata Chemicals share price is witnessing buying interest today after the company announced demerger of its consumer products business into other group firm Tata Global Beverages.

As per an article in a leading financial daily, the Tata Group will bring its consumer businesses under one unit as the salt-to-software conglomerate continues restructuring to streamline its operations.

Here's an excerpt from the article:

• The combination of the two consumer-focused businesses will benefit both sets of shareholders who will be able to participate in a larger business poised to grow their share of the foods and beverages market with a broader exposure to the attractive and fast growing FMCG sector

Shareholders will get 114 shares of Tata Global for every 100 held in Tata Chemicals.

The company will buy the business of selling edible salt, spices, and lentils and give shares in return to Tata Chemicals. The company will rename itself after the deal as Tata Consumer Products.

The board of directors of both the companies approved the demerger, at their respective meetings yesterday.

Tata Chemicals share price is presently trading up by 7.4%.

To know more about the company, you can read Tata Chemical's Q4FY19 Result Analysis on our website.

Moving on to the news from the automobile space, Ashok Leyland has received an order from Senegal. This order comes from Sen bus Industries, a company assembling urban buses in Dakar.

The company has signed a contract for supplying 400 units of Ashok Leyland eagle 916 minibuses worth 10.06 million euros. The Eagle 916 bus is a strong and sturdy platform, which has been developed exclusively for Africa.

This project will provide mobility solutions to the country by expanding reach and covering the remote areas through AFTU, a leading private bus association of operator groups that run buses extensively across Senegal.

Ashok Leyland share price is presently trading up by 0.7%.

In other news, Tata Motors share price has launched its official service app, Tata Motors Service Connect (TMSC), for its passenger vehicle customers to meet their aftermarket needs.

This app allows users to view multiple features on the home screen including live notifications, weather in the city and other important features.

Last week, the company was in talks with China's Chery Automobiles for a joint venture (JV).

Reportedly, Chinese automaker Chery Automobiles is keen on a joint venture with Tata Motors for an India entry.

The company already has a JV with Tata Motors-owned Jaguar and Land Rover to make cars in China. The partnership was formed in 2012 and helped Jaguar Land Rover open their first assembly facility in Changshu, China in October 2014.

Speaking of automobiles sector, one thing we must keep in mind is that not all auto companies will make money over time. And also, you shouldn't stay away from auto stocks altogether.

Even Tanushree Banerjee, Co-head of research at Equitymaster believes that there are businesses in this sector that you cannot ignore. She is particularly talking about the blue-chip auto stocks.

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

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