Moneycontrol Podcast


The Moneycontrol Podcast is your daily source of business news, investment analysis and advice on stocks and the markets. Tune in to broaden your horizons with podcasts by journalists, experts and analysts giving you a head-start in the investment game.
3563: Hot Stocks | Shriram Properties, Kalpataru Power, Gujarat Ambuja Exports can give double-digit returns in short term, here's why?3562: Hot Stocks | Double-digit return in Tata Coffee, Visaka Industries, VRL Logistics possible in short term3561: Hot Stocks | Here's why you should bet on Jubilant Ingrevia, Varun Beverages in the short term
The market was off to a cheerful start on January 10 despite mixed global cues. Barring a small dip around mid day, the Nifty traded in the green throughout the session to gradual march towards the 18,000-mark. Some tail-end buying helped the Nifty push past the psychological mark to end the session over a percent higher. The move got extended in the next couple of days as the benchmark index breezed through the key resistance zone of 18,100–18,200. Lack of participation from heavyweight spaces like banking and IT in the later half, however, saw the index consolidate in a small range to conclude end the week a tad above 18,250. In the week gone by, the Nifty gained 2 percent to rally more than 1,800 points in a span of four weeks, which is remarkable. The market is now exhibiting behaviour that generally happens after a decent rally and if any major event is close by. Since we are inching closer to the budget, key indices seem to be in a consolidation mode. For the coming week, 18,350 is the level to watch. Once it is surpassed, there is no major level visible before 18,600. As of now, we do not expect a runaway move in the forthcoming week, hence, traders are advised to focus on individual stocks because almost each sector has started chipping in. Apart from this, the broader market has started buzzing, which generally indicates a healthy rally. One needs to on potential movers to make decent gains. As far as supports go, 18,200 followed by 18,100 should be considered key levels and the sacrosanct base remains at 18,000.
2d ago
3 mins
3560: Hot Stocks | Tata Steel, Tata Chemicals, Sequent Scientific can give double-digit return in short term3559: Simply Save | How should you select ELSS mutual fund for tax-saving?
It is almost end of the financial year 2021-2022, with just three months left before investors can take investment decisions to finalise their tax-saving plans for the financial year.  Equity linked saving schemes (ELSS) are among the instruments that are eligible for tax deduction under section 80c. This is an important section as one can claim upto Rs 1.5 lakh deduction under this section.    While there are several other options under 80c such as Public Provident Fund (PPF), National Saving Certification (NSC), bank tax-saving deposits and life insurance, ELSS has also grown into a popular instrument.  The mutual fund industry also wants Ministry of Finance to allow a debt-linked saving scheme (DLSS), so that mutual funds can come up with similar products on the debt side as well. But for now, it is only the ELSS funds where mutual funds offer tax-saving feature to investors.  As an equity mutual fund scheme, ELSS can not only help individuals to bring down their tax liability, but also create wealth over the longer term. Of course, it would finally depend upon the scheme’s performance and the overall performance of equity markets during your holding period.  ELSS funds come with three-year lock-in period. After the lock-in period is over, investors can fully or partially withdraw their investments or even stay invested if they wish to.  Remember, any capital gains from your ELSS investments will still be liable for long-term capital gains of 10 percent, if the gains are more than Rs 1 lakh. You get tax relief in ELSS as you can claim deduction for the investments that you make in such funds during the financial year.  As it is an equity-linked product, ELSS can go through periods of sharp volatility and investment returns can see sharp fluctuations.  So, how should you go about selecting an ELSS fund that suits your risk-profile, as well as return expectations, and what should you do if the scheme returns turn out to be below-par even par after a three-year lock-in?  In today’s episode of Simply Save Podcast, Moneycontrol’s Jash Kriplani talks with Rushabh Desai, founder of Rupee with Rushabh Investment Services, on what you should keep in mind when investing in an ELSS fund.
6d ago
7 mins
3558: Hot Stocks | Here is why you should buy Tata Communications, Tata Motors, Indus Towers in short term
6d ago
4 mins
3557: The Moneycontrol Real Estate Show | Planning to buy property? Have a deal worked out in your mind from start to finish3556: Hot Stocks | Double-digit return in Birla Corporation, Chambal Fertilisers, Tata Coffee possible in short term
After rising for three consecutive weeks, Nifty has managed to continue with bullish momentum in the start of the current week also. Nifty has managed to surpass the psychological resistance placed at 18,000. From the bottom of 16,410, registered on December 20, 2021, Nifty has shown recovery of almost 10 percent in the span of 16 sessions while Bank Nifty has recovered 13 percent from the low of 34,018 in the same period. Bank Nifty has formed bullish rounding bottom formation on the daily charts, which indicates more upside room for the Index in the coming days. Last Week, Nifty surpassed the crucial resistance of the previous swing high placed at 17,640. Nifty has also surpassed the 61.8 percent Fibonacci retracement level placed at 17,766, which has negated all the bearish developments on the medium term chart. Nifty is now placed above 5, 10, 20, 50, 100 and 200 DMA (day moving average), which indicates the bullish trend on all time frames. On the weekly charts, Nifty has broken out from “Flag” pattern, which indicates the bullish continuation trend. Previous resistance of 17,640 is now expected to act as a short term support for the Nifty going forward. Indicators and oscillators like MACD (moving average convergence divergence), RSI (relative strength index) and DMI (directional movement index) have reached bullish territory and showing strength in the current daily and weekly uptrend. To conclude, we believe that Nifty is in uptrend and dips should be utilized to create longs positions. Support for the Nifty is seen at 17,640. Upside targets for the Nifty are seen at 18,210 and 18,610.
4 mins
3555: Hot Stocks | Here is why you should bet on Asian Paints, Pidilite Industries, HDFC Bank in short term3554: Hot Stocks | Healthy returns in HDFC Bank, Radico Khaitan possible in short term, here's why3553: Simply Save | Missed the tax return-filing deadline? File your return before March 31
December 31, 2021 - the extended due date for individuals to file income tax returns for the assessment year 2021-22 – has just passed by. Despite several requests from individuals and chartered accountants’ associations for another extension, finance minister Nirmala Sitharaman ruled out any further extension.  During the last few days, many complained that they were not able to access the income tax return e-filing portal or faced glitches in the final hours of the December 31 deadline. Those who failed to file income tax returns on time will now have to file a belated return under section 139 (4) of the Income Tax Act, 1961 before March 31, 2022. While you can exercise this option, it comes with a cost. For one, you will have to shell out a penalty of Rs 5,000 for delayed return  filing. This amount is restricted to Rs 1,000 if your income is less than Rs 5 lakh. Also, you wil not be entitled to interest on tax refund due, if any. Moreover, you will not be able to carry forward or set off any losses incurred in financial year 2020-21.  Also, those who completed the exercise before December 31 should not forget to verify the income tax returns filed. You have a window of 120 days from the date of having filed the returns to do so, without which, your returns will not be considered valid. You can either do it through the traditional, physical route or the electronic modes.  Tune into Simply Save for insights from Preeti Khurana, Director, Regulation and Advocacy, Clear on consequences of not filing return before due date and the process for filing a belated return in such cases.
11 mins
3552: Hot Stocks | Here is why you should buy Astral, Monte Carlo Fashions, Triveni Engineering for short term3551: Hot Stocks | Bet on Ramco Industries, Suprajit Engineering, Ingersoll Rand for healthy returns in short term3550: Hot Stocks | Here's why you should bet on UltraTech Cement, Asian Paints in short term
Barring the initial hiccup on December 27, it was overall a week of consolidation as we were approached the monthly expiry as well as the end of the calendar year. The 17,200 – 17,300 zone was seen as crucial to dictating the immediate direction. The expiry session on December 30 started on a soft note and tested intraday support of 17,150 in the opening trade itself. This small down tick was merely a formality as we saw the Nifty recover immediately to erase losses. During the remaining part of the session, the index remained in a slender range with no clear direction. Eventually, the lacklustre session ended on a flat note, with the index staying a tad above the 17,200-mark. On December 31, we witnessed a good broad-based buying to conclude the year on a happy note well above 17,300. Despite some correction in the recent past, the Nifty managed to clock a gain of more than 24 percent year-on-year. With a close above 17,300, the index is likely to kick off the new year on a positive note. As a conservative trader, one can wait for a sustainable close above 17,400, which is the higher end of the ‘Downward Sloping Channel' on the daily chart. But the way individual stocks are behaving, it is likely to happen in the coming session only. After this, the immediate levels to watch out would be around 17,550–17,700. On the flip side, the base is shifting higher towards 17,000–16,800 before which 17,150 is to be considered as key support. Traders are advised to trade with a positive bias as long as the index remains above the mentioned base. The midcap index is well-poised, hence individual stocks are probably gearing up for a pre-budget rally. Let's see how things pan out and the coming week will confirm the short-term path of our markets.
4 mins
3549: Hot Stocks | Here is why you should bet on Aptech and sell Ambuja Cements in short term3548: Simply Save | How 2021 affected your personal finances
For people across the world, 2021 has been a year to forget as COVID-19 continued to wreak havoc in many countries. India was amongst the worst-hit as the deadly second wave ravaged the country between March and May 2021.  However, for stock and mutual fund investors, it was an exciting year with the stock market indices scaling new peaks, except towards the end of the year. The market benchmark indices S&P BSE Sensex and CNX NSE Nifty have yielded returns of 20 percent in year to date. The broader market indices - mid- and small-cap - have yielded returns of 35 percent and 60 percent respectively. The run-up in stock markets over the last one and a half years has got reflected in the performance of the equity schemes.  While euphoria reigned supreme at the bourses in 2021, experts caution against expecting the kind of returns that investors saw in 2021.  It was also an eventful year for the retirement funds space, with both Employees’ Provident Fund (EPF) and National Pension System (NPS) witnessing several changes. Budget 2021 introduced a tax on interest earned on EPF contributions of over Rs 2.5 lakh, taking many employees – particularly those who contribute large amount to their voluntary provident fund (VPF) – by surprise. NPS saw its investment management fee go up, though it remains one of the cheapest retirement planning tool available today. The liberalised investment guidelines are expected to provide more options to invest for pension fund managers, though risks, too, could be higher.  Taxation was in the news constantly with the income tax department extending timelines for filing returns and also launching a new tax return-filing portal. This new e-filing portal was beset with glitches since the launch, prompting tax consultants to demand another extension to compensate for the time lost due to teething troubles. What should investors keep in mind as we enter into the New Year, with worries over Omicron cases leading to some volatility in stock markets? Should employees who voluntarily contribute more than the statutory requirement to their VPF look at National Pension System (NPS) instead? Will the December 31 deadline for filing tax returns be extended once again? Tune into Simply Save to understand the impact that 2021 had on your finances.
13 mins
3547: Hot Stocks | 'Double-digit return for D-Link India, NIIT, KNR Constructions possible in short term'3546: Cryptocontrol | Regulations in Cryptoworld - A Necessary & Welcome Move.3545: Hot Stocks | Gland Pharma, NIIT, L&T Technologies Services can give up to 13% return in short term, here is why
The Nifty recovered 279 points from the day's low to close at at 17,096.30, the highest level since December 16. However, volumes have gone down as foreign institutional investors remain sluggish. The National Stock Exchange cash turnover was at its lowest since April 3, 2020. From the recent swing low of 16,410, the Nifty has managed to recover more than 4.5 percent. It is still in continuation of a downtrend, forming lower tops and lower bottoms on the daily charts. The previous swing on the daily chart was seen from 17,640 (top of December 13) to 16,410 (bottom of December 20). If we were to consider this downswing and apply 61.8 percent Fibonacci retracement, then that level comes in at 17,170. If the Nifty manages to surpass 17,170 on a closing basis, it will be the first indication of bullish trend reversal. There has also been good amount of Call writing at 17,200 strike price, which indicates strong resistance. So, unless Nifty sustains above 17,200, trend will remain down. Currently 56 percent of NSE500 stocks are trading above their 200-daily moving average (DMA), which can be considered near the lower band of the last one year data. Downward sloping trend line adjoining the previous swing highs projects the strong resistance at 17,500. The Bank Nifty formed bullish "Piercing Line" candlestick pattern on December 27, which indicates the probability of a short-term reversal. A level above 35,478 would trigger the buy signal of this candlestick pattern and would also result in higher top preceded by higher bottom on the daily chart. Strong support for the Bank Nifty is seen at 34,000. Resistances for Bank Nifty are seen at 35,800 and 36,220. Indicators and oscillators like Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) have developed positive divergence on the short-term chart of the Nifty as well as the Bank Nifty. We believe that markets are on the path to recovery, however, the short-term bullish trend reversal would be confirmed only above 17,170. The medium-term downtrend would be negated once we see the Nifty closing above 17,500.
4 mins
3544: Don't know where to start off with your global investment journey?