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Indian macroeconomic situation bleak, set to worsen if lockdowns continue: Jean Dreze

SBI have pegged the growth forecast for January-March at 2.5 percent and for 2020-21 at 2.6 percent given the effect of COVID-19-driven lockdowns,
SBI , Growth forecast for January-March at 2.5 percent and for 2020-21 at 2.6 percent, COVID-19-driven lockdowns,

New Delhi, Apr 5 (PTI) The Indian macroeconomic situation is bleak and all set to get worse if local or national lockdowns continue for some more time, renowned economist Jean Dreze said on Sunday.

Dreze further said that due to the country-wide lockdown, social unrest in many parts of India has already started.

The country is under a 21-day lockdown as part of larger efforts to curb spreading of coronavirus infections.

“The situation is bleak and all set to get worse, if local or national lockdowns of varying intensity continue for some time, as is likely to happen.

“Even otherwise, the world-wide recession is likely to have adverse affects on the Indian economy,” the Belgian-born Indian economist told PTI in an interview.

Talking about the impact of the coronavirus outbreak on the Indian economy and job creation, Dreze noted that some sectors are badly affected, but segments like medical care may even grow during the crisis.

“Most sectors would be unable to thrive if others are not in good shape.

“… It’s like, if a bicycle has a puncture, you cannot expect it to move forward on one wheel. In short, if the crisis lasts, it will spread to most parts of the economy, including the banking system,” he emphasised.

Observing that as soon as the lockdown is relaxed, migrant workers who are marooned in different parts will try to return home, Dreze pointed out that they will probably hesitate to migrate again for a while.

“But there is hardly any work for them at home, except for some farming if they have land,” he said, adding that because of reduced migration, sectors that rely heavily on migrant labour may face a shortage of manpower.

Pointing out that already there are reports of shortage of labour for wheat harvest in parts of north India, Dreze said, “This is the paradox of this situation, that shortages and surpluses may coexist, because the circulation channels have been severely disrupted.”

Asked whether it is the right time to go for Universal Basic Income (UBI), he said this is not the time to reinvent the wheel.

“That is why it is best to build on existing schemes for now, including the public distribution system and social security pensions.

“… In other contexts, UBI may be feasible and appropriate, but in India today, it is a distraction,” Dreze, a former member of the previous UPA government’s National Advisory Council argued.

Several international credit rating agencies have cut growth estimates for India in recent days on concerns about the fallout of the Covid-19 outbreak.

According to Fitch Ratings, India may post in 2020-21 a GDP growth of 2 per cent, the slowest since the economy was liberalised 30 years back. Asian Development Bank (ADB) sees India’s economic growth slipping to 4 per cent in the current fiscal (April 2020 to March 2021), while S&P Global Ratings last week further slashed GDP growth forecast for the country to 3.5 per cent from the previous downgrade of 5.2 per cent.

Moody’s Investors Service has also slashed its estimate of India’s GDP growth during 2020 calendar year to 2.5 per cent, from an earlier estimate of 5.3 per cent, saying the coronavirus pandemic will cause unprecedented shock to the global economy.

Source: PTI

Is Nifty on a way to make fresh run downside? Scary one!

Monthly technical chart of Nifty shows the formation of the descending triangle and is looking for breakout in either direction.
NIFTY, Descending Triangle

Today Indian market reversed most of yesterday’s gain.In a volatile seesaw week , Nifty and Sensex lost around 4% in today’s session.Nifty also formed a bearish candle.Now big question arises…..            Is Nifty a way to make fresh runs downside? Scary one!

Monthly technical chart of Nifty shows the formation of the descending triangle. Nifty is trading near support level since the last couple of days and is likely to break either up or down. 

We believe there is a high probability the Nifty will break down and make new lows.

Nifty is witnessing strong selling pressure each time it is trying to bounce back. 

Trend analysis showed the dominant trend is downwards.

Strong bear candle on Candlestick pattern

Formation of new downward trend line with new tops are lower than previous one which is one of the characteristic of bear market..

Today Nifty found support near 8200 (Today’s low 8,198.35), recovered and closed the day at 8,253.80 down -343.95 (-4%).

We have to look for an 8200 level tomorrow. If Nifty breaks it decisively ,it will likely lead to a new downturn.

India is also facing a rising trend of Corona Virus infected cases.India’s and world’s GDP is slowing in last couple of months. Corona Pandemic ex expected to slow it further.

Global economy already in recession on coronavirus devastation: Reuters poll

Latest stat shows India is having 1974 with 339 new cases.Globally also infected cases are just below 9,00,000. Global market also closed in red today. All major European indices closed more than 3% down.

In case of a fresh down leg , Nifty is likely to find strong support around 7500.It is a level from which Nifty had bounced back recently.

Energy stocks gain helps NIFTY and SENSEX regain bull momentum

Energy stocks HPCL and BPCL sparked as the energy index closed the day with 6.95% gain.RBL bank and IndusInd bank closed with sharp cut in prices.
Crude Oil, HPCL, BPCL

Indian stock market started today’s session with a gap up opening.Initial 30 minutes saw profit booking and pushed both indexes down. But both indices recovered as the day progressed to close the day higher.Rally was led by energy and metal stocks, supported by pharmaceutical and FMCG stocks.All sectoral index closed the day in green today.RBL bank and IndusInd bank closed with sharp cut in prices.

Energy stocks shine today following Monday’s steep cut in broader market.Energy index closed the day 6.95 % . Stocks of petrochemical distributors HPCL and BPCL sparked with more than 12% spike in prices.Gail, Reliance, ONGC and IOC also rallied 5 – 8%. Falling crude prices due to weakening demand in the Corona pandemic and price war between major oil exporters are expected to boost these stocks.

Energy stocks shine today following Monday's steep cut in the broader market.HPCL and BPCL sparked  as the energy index closed the day with 6.95% gain.
Energy stocks, Source: NSE

The price of oil has sunk to record low levels not seen since 2002 .Brent crude fell to $22.58 (£18.19) a barrel at one point on Monday.

IndusInd bank was the top loser, closing 15 % down at350.80.Banks market cap now is less than 24,32,9.23 crores following today’s loss. Another private bank, RBL bank  suffered a 9 % price cut. Both banks are trading 80% below its 52 high ( IndusInd bank : 1,823.75and RBL Bank : 716.40). Bandhan bank was another top loser in today’s trade. Bank nifty closed the 1.9 %/ 361.6 points higher. Bank of Baroda, SBI bank and HDFC bank gain 3-6%.

Metal index also closed 5% higher. Sail led the rally with 12 % price rise.Hindalco, Hind copper, Tata steel , Hindustan Zinc and Vedanta gained 5-7%.

Tomorrow’s market is expected to witness resistance around 8640-8680 and likely to remain rangebound.

IRCTC : Next multibagger stock to buy in 2020 bear market.

E-ticketing and catering services account for almost 80 percent of IRCTC profit.Company enjoys monopoly in its business in India.

Indian Railway Catering & Tourism Corp Ltd ,well known as IRCTC is a Central Public Sector Enterprise (CPSE) under Ministry of Railways, Government of India. It is “Mini Ratna (Category-I)” CPSE and was incorporated on 27 th September, 1999. E-ticketing and catering services account for almost 80 percent of IRCTC profit.Company enjoys monopoly in its business in India.

What are the core business activities of IRCTC?

  • Catering & Hospitality
  • Online Ticketing
  • Travel &Tourism
  • Packaged Drinking Water sold as Rail Neer

Highlights of business activities:

  • It is the only company providing hospitality services in more than 460 passenger trains on board . 
  • IRCTC also manages Refreshment rooms, Jan Ahaars and Cell Kitchens on railway platforms and is engaged in providing quality food at affordable rates.
  • To attract high income group customers, it has opened 8 Executive Lounges in the railway stations at Visakhapatnam, New Delhi, Vijayawada, Agra Cantonment, Jaipur, Ahmedabad, Madurai and Sealdah .
  • It’s e-ticketing service account for 70% of reserved tickets booked online in 2018-19 on Indian Railways and contribute most to operating profit of the company. 
  • Cumulative production capacity is 11,64,000 bottles per day from 11 Rail Neer plants.

IRCTC reported profit of 270.42 crores rupees before tax in dec 2019 quarter, growth of 240% in comparison to Dec 2018 quarter. In 2018 ,dec quarter company had reported 112.42 crores profit before tax.

E-ticketing and catering services account for almost 80 percent of IRCTC profit.CPSE firm IRCTC enjoys monopoly in its business in India.

E ticketing and catering services account for almost 80 percent of IRCTC profit. It got listed on 14 oct on bourses at huge premium to IPO price of 315 to 320 rupees per equity share. Stock got consolidated in trading range of 880 to 1020 between nov to Jan end. After upward breakout from the consolidation range ,IRCTC climbed to hit high of 1995.00 on strong profit earning.

In current bear market scenario,IRCTC also have witnessed significant correction. On Friday, it closed the day at 898.95 with gain of 42.80 points (5.00%).Stock is currently trading below its 26 days EMA and according to RSI (28.95) is oversold.

E-ticketing and catering services account for almost 80 percent of IRCTC profit.Company enjoys monopoly in its business in India.
IRCTC, Multibagger stock. NSE

In support to 21 lockdown announced by Indian government , Indian railways have stopped operating passenger trains which expected to have negative impact on IRCTC’s revenue and profit.However, Indian Railways is running its freight train 24/7 to ensure the supply of essential commodities like food grain, milk, fruits & vegetables, sugar, edible oil, petroleum products and coal across the country.

E-ticketing and catering services account for almost 80 percent of IRCTC profit.Company enjoys monopoly in its business in India.

IRCTC’s twitter handle is engaged in increasing the awareness level of Corona virus through it’s large follower base.IRCTC have 226.1K followers on microblogging site,Twitter.

Use internet, mobiles to reach out & stay connected & help to spread awareness about Corona Virus.

E-ticketing and catering services account for almost 80 percent of IRCTC profit.Company enjoys monopoly in its business in India.

Long term investors should start accumulating IRCTC at current levels and should add more in case of further fall. Once market condition improves , it is likely going to outperform the market due to the monopoly it enjoys in its business.

2020 bear market is worrisome and going to be worst one?

2020 Bear Market, financial crisis, Corona pandemic
2020 Bear Market, Corona Pandemic, Financial Crisis, non performing assets

Indian indices have witnessed a drastic fall in recent months. Nifty 50 has corrected nearly 30 % from it’s high of 12340.5. In doing so NIFTY had given all the gains it had achieved in the last 3 years.Decline in the 2020 bear market is much steeper than one we experienced in the 2007- 2009 financial crisis. Is the 2020 bear market due to Corona pandemic going to be the worst we have experienced?

bear market,NIFTY
NIFTY, BEAR MARKET ( Monthly chart from 1998 to 2020 )

NIFTY hit new 52 weeks low of 7511.10 on 24 March and have rallied more than 1000 points in just 4 trading days.Nifty closed at 8,660.25 on 27 march.This kind of rally are common in bear market.These rally can be harmful if market continue its bear trend and result in Bull trap. Bear trend is more likely to continue as the underlying culprit for the start of bear market has not changed yet and is going to be worse in coming days.

What is responsible for the steep fall in Indian market?

India is fighting its own financial crisis along with Corona virus.

1. Corona Pandemic: Major global markets are trading at a huge discount to their recent high and are in bear territory. Corona infected cases have already crossed 6.5 lakh and the trend is not going to show any decline in coming days. Epicenter of corona is currently in Europe which hosts the world’s most economically rich countries having enough resources to deal with the virus.But speed with which the virus is spreading and causing severe illness these major economies also have come to standstill. Suddenly healthcare services are looking inadequate.NHS in the UK is one of the most efficient healthcare service providers in the world.

Corona dashboard

As per the latest stat India is the only country in the top 10 world’s largest GDP countries who have effectively controlled Corona virus. India has only 0.81 cases per million population.

Here comes the main problem and which is alarming.

In just 1024 cases ,Indian stock market has given approximately 28 percent negative return. If coronavirus becomes wild in India , what will happen to the stock market.Small and mid cap are going to get hammer badly along with index stocks.

NIFTY already tested its major support level around 7500 with low of 7511.1. In the short term it forms important support level.Next support levels 6962 and 6190. In the worst case scenario NIFTY can drop up to 2700 level with which it had found support in the financial crisis of 2007-09. Chances of it will increase if NIFTY breaks is 2007 high of 6190 decisively.

2. Financial crisis and increase in bankrupt companies list

India has been facing its own financial crisis since the last few years. But the stock market was doing better till the start of 2020. Number of financial companies have been reported with frauds and poor risk management.IL & FS, Yes bank, DHFL, Punjab & Maharashtra Co-operative Bank Limited (PMC bank). Anil Ambani led groups companies are having a massive pile of debt burden and are facing difficulty in repaying on time. India’s leading private player in aviation Jet Airways had to shut operation and went bankrupt.

RBI has cut key rates 5 times in last year and once in 2020 to keep India’s growth story intact and support liquidity to spur economic activity. Banking systems in India have a huge pile up of non performing assets. According to one of the leading publishers in India , non performing assets( NPA ) could be more than Rs 9.5 lakh crore.

Hope for the best in coming days! For Acche din ,we all have to get aware about Corona and support the government and local authority to mitigate it’s spread.

Novel Corona Virus COVID- 19 : Brief info and resources.

Novel Corona Virus, COVID - 19, Critical illness, Severe illness
Novel Corona Virus, COVID - 19

Novel Corona Virus was first reported in Wuhan city in China ,in December end 2019.Since then it spread across the globe in just a span of two months.COVID -19 is a zoonotic virus. Zoonotic means animals carry the virus and spread it to humans.Critical illness is seen in 6.1 % patients.

Clinical features of Novel Corona Virus infection:

Most cases are seen within 4-5 days following exposure but it can be delayed up to 2 weeks.

Most infected people with coronavirus have mild disease and these patients recover well.

Severity of illnessIncidenceClinical manifestations
Asymptomaticrelatively rareno symptoms
Mild to moderate80%non-pneumonia and pneumonia cases,
Severe13.8%breathlessness, respiratory rate ≥30/minute, blood oxygen saturation ≤93%, PaO2/FiO2 ratio <300, and/or lung infiltrates >50% of the lung field within 24-48 hours
Critical6.1%respiratory failure, septic shock, and/or multiple organ dysfunction/failure
Corona Virus Infection

What are the risk factors for severe illness and death due to COVID – 19?

Age more than 60 years ,chances of dying increases with age



Cardiovascular diseases


Chronic respiratory diseases.

Common symptoms :

fever (98.6%) most common symptom, 

fatigue (69.6%), and 

dry cough (59.4%). 

Breathing difficulty and loss of appetite is more common in patients with severe or critical illness patients admitted in ICU.

How is it diagnosed?

A nasopharyngeal swab is collected for analysis with reverse-transcription polymerase chain reaction to detect RNA of virus.

Blood investigations can may show reduced lymphocyte count , prolonged prothrombin time , and elevated lactate dehydrogenase 

Imaging with chest CT in symptomatic patients shows bilateral patchy shadows or ground glass opacity in the lungs.

Protective measures against CoronaVirus recommended by WHO

Regularly and thoroughly clean your hands with an alcohol-based hand rub or wash them with soap and water.

Maintain at least 1 metre (3 feet) distance between yourself and anyone who is coughing or sneezing.

Avoid touching eyes, nose and mouth.

Seek medical care early, if you have fever ,cough and breathing difficulty.

Stay informed on the latest developments about COVID-19. Follow advice given by your healthcare provider, your national and local public health authority.

Corona Virus pandemic have wipe out trillions of money from world’s stock market in last few weeks.It is also expected to caused drastic fall in world’s GDP.

Read five steps to kicking out CoronaVirus here

If someone is looking for more info please visit following trusted resources:

Corona Virus disease 2019

See latest update on Corona virus situation worldwide here

World Health Organisation ( WHO )

Get answers to your common questions here

Centers for Disease Control and Prevention ( CDC )

United Nations (UN)

Market lose early gain despite cut in key rates by RBI

cut in key rates, repo rate, reverse repo rate, RBI, policy meet,
RBI, Policy meet

Indian market started the day with positive note with major indices gaining more than 2%. Nifty traded initial hour of trading above 8900 and SENSEX above 30000.Today RBI announced a cut in key rates to increase liquidity in the market in a policy meet .Despite cut in key rates, NIFTY and SENSEX gave away early gains.Yesterday Finance minister Nirmala Sitharaman announced 1.7 lakh crores relief packages to fight against Corona virus.

Key highlights of RBI meet :

  • Reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effect;
  • Marginal standing facility (MSF) rate and the Bank Rate stand reduced to 4.65 per cent from 5.40 per cent;
  • Reduced the reverse repo rate by 90 basis points to 4.0 per cent;
  • To support growth maintaining medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent;
  • Increasing probability that large parts of the global economy will slip into recession;
  • Emerging and advanced economy currencies are experiencing severe depreciation pressure.

Currently market is experiencing selling pressure on every rise in prices.After yesterday’s blockbuster day,IndusInd started day with more than 15 % but lose stream after RBI policy and currently trading 6 % down at 410.8. Axis Bank is holding on gain and trading more than 10 % gain at 383.Axis bank hit intraday high of 409.45.

IndusInd bank, Maruti, Bajaj finserv and Bajaj finance have witnessed more than 5% cut in prices and are trading near days low. Market is expected to remain choppy in the coming days with negative bias.

Bank NIFTY is trading flat having given away days gain.Bank NIFTY had hit a high of 21,462.40 in early morning session. Last it traded at 19,617.55. Bandhan bank and Axis bank are trading higher with gain of more than 5%.

Nifty Auto index is trading 3% lower. Bharat forge,TVS motor, Maruti , Hero motocorp and Eicher motors are major losers having lost between 4 to 6%.

Market is on a way to end its three days positive run.In last three trading days ,NIFTY have gain more than 15%.Interest sensitive sectors like Banks,Realty and auto sectors are expected to hit hard by 21 days lock down despite cut in key rates.

Market gained for third consecutive day on stimulus measures

Oower is a Content sharing tool to discover the daily life happenings in global economy ,stock market, express opinions & reviews.
OoWER: Just say it!

Indian major indices NIFTY and SENSEX continued their rally for the third day on government’s announcement of stimulus measures. NIFTY closed at 8,641.45 with 323.60 points (3.89%) gain while SENSEX closed at 29,946.77 with gain of 1,410.99 (4.94%).IndusInd bank was the buzzing stock of the day with more than 46 % gain.

Now NIFTY is trading more than 1000 points from its 52 weeks low of 7,511.10, which was made on 24 march.It means NIFTY has gained 15 percent from its 52 weeks low in just three days.

SENSEX is trading more than 4000 points from its 52 weeks low of 25,638.90. Sensex is trading16 % higher than its 52 weeks low.

Today’s rally was led mainly by interest rate sensitive stocks such as banking and financials ,realty stock. These stocks have been badly hammered in last few weeks.IndusInd bank stock shine with 46% gain.IndusInd bank stock is now trading almost 87% higher than its 52 weeks low price of 235.55.Despite gaining so much ,stock is trading way below its year high of 1,834.40.

Larsen and Toubro, Bajaj finance, Bharti Airtel, Hero motocorp gain around 7- 10%.Gail,HCL tech and Sun Pharma was top losers in today’s trade.Reliance saw some profit booking and closed 13.25 down at 1069 after yesterday’s rally.Total 39 stocks advanced and 11 declined in today’s trade in NIFTY.In SENSEX only 4 out of 30 stocks closed in the red.

Finance minister Nirmala Sitharaman announced 1.7 lakh crores relief packages to fight against Corona virus. These relief measures are especially meant for helping poor.

Key highlights:

  • Insurance cover of Rs 50 Lakh per health worker fighting COVID-19 to be provided under Insurance Scheme
  • 80 crore poor people will to get 5 kg wheat or rice and 1 kg of preferred pulses for free every month for the next three months
  • 20 crore women Jan Dhan account holders to get Rs 500 per month for next three months
  • Increase in MNREGA wage to Rs 202 a day from Rs 182 to benefit 13.62 crore families
  • An ex-gratia of Rs 1,000 to 3 crore poor senior citizen, poor widows and poor disabled
  • Government to front-load Rs 2,000 paid to farmers in first week of April under existing PM Kisan Yojana to benefit 8.7 crore farmers
  • Central Government has given orders to State Governments to use Building and Construction Workers Welfare Fund to provide relief to Construction Workers

But today’s announcement, no specific measures were announced for the revival of the economy . Some measures may be expected to come in a few days time as GDP growth is expected to fall after implementation of 21 days lockdown across India.

It’s a Black Monday! 31 Index Nifty stocks hit a new 52 weeks low.

Black Monday, Corona Pandemic
Black Monday, Corona Pandemic

No respite from Corona pandemic! It’s again black Monday for Dalal street. Banking and financial stocks especially Axis Bank, Bajaj finserve were the worst hit and both suffered nearly 27 % loss.

Till afternoon total 415 corona positive cases are being reported in India causing 7 death.

Indian stock market opened gap down on weak global cues and growing concerns due to Corona pandemic. Sensex hit lower circuit in first hour of trading and hence trading was halted for 45 minutes. Today it was truly black Monday, as 31 of NIFTY stocks hit a new 52 weeks low.

All sectoral indices ended the day in red. Banking, financials and auto stocks were most badly hurt and collapsed around 15 %.All Nifty and Sensex stocks ended in red. In today’s blood bath 31 stocks hit a new 52 weeks low.

Sr NoIndexCloseLoss
1Nifty7,610.25-1,135.20 (12.98%)
2Sensex25,981.24 -3934.72 (13.15%)
3Bank Nifty17,018.35-3,299.25 (16.24)
Major Indices

Let’s have a look at stocks which hit a new 52 week low.

Sr NoStock52 week low% loss
1Coal India120.053.95%
3M & M280.607.08%
4Tata Steel253.558.63%
5Sun pharma315.059.1%
7Shree cement16,068.159.54%
8Hero Motor1,520.0011.05%
9HDFC bank765.0011.77%
13TATA Motors66.0013.71%
15Tech Mahindra471.4014.13%
16Bajaj Auto1,900.0014.42%
17Eicher motors13,326.7014.76%
20Adani ports203.0016.15%
21Vedanta (VEDL)61.6516.5%
23JSW Steel136.1016.98%
26ICICI Bank280.0018.31%
28Bajaj finance2,225.0022.73%
30Bajaj Finserve4,449.0027.48%
31Axis Bank302.0027.6%
New 52 weeks low

Trading halted for 45 min as SENSEX hit lower circuit

Sensex surged over 500 points in opening trade led by gains in Reliance Industries, HDFC duo and ICICI Bank amid thin trade in Asian markets.

Sensex hit lower circuit around 10.13 causing exchange to halt the trading for 45 min.Sensex was trading at 26,924.11 ,down 2991.85 points(-10.00%) and NIFTY at 7,903.00 down 842.45 (-9.63%) when last traded.Bank nifty is down 12.7% (2588.3 points) at 17729.3. Axis bank and ICICI bank were the worst hit.

Indian stock market opened gap down with a huge cut after Friday’s rally.NIFTY opened the day at 7,945.70 while SENSEX at 27,608.80. Both indices tried to recover but it lasted just for 5 min. Since then both NIFTY and SENSEX saw free fall.

Bank, financials, auto and reality stock were the worst hit.All Nifty and Sensex stocks are trading down.

In Nifty, Axis bank,IndusInd bank, ICICI bank and Adani Ports are trading down with more than 15 % cut in prices.While in Sensex Axis bank and ICICI bank saw more than 15 % cut in prices.

Crude oil prices halved but prices of petrol & diesel just corrected less than 10%.

The government hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore revenues.
Representative Image, Photo by Skitterphoto on Pexels.com

Global Crude oil prices are seeing significant correction since the beginning of 2020. Brent crude oil had hit the 2020 high of $70.74 on 6 Jan.It had reached a 52 weeks low of $24.52 on 18 March. Currently its trading around $27.3.Indian crude oil basket for 1 bbl closed at 1938 rupees on 20 march.One barrel is equal to 158.98 lit.Today petrol cost 69.59 rupees in Delhi and diesel .Government is using falling crude oil prices to achieve revenue target by increasing excise duty.

It means global Brent crude oil prices have almost halved since the start of 2020.It saw steep correction after world’s biggest oil exporter Saudi Aramco announced price cut in crude and entered price war on breakdown of alliance talk with OPEC members and Russia.Corona pandemic. Aramco is also increasing crude oil production to increase the supply.Corona pandemic also has contributing to the situation with meltdown in global stock markets.

But why petrol and diesel prices have not seen so much price cut?

One may wonder as petrol and diesel prices in India are synced with global crude prices. Oil distribution market in India is predominantly dominated by government run PUC companies like IOC,HPCL,BPCL.

Let’s have a look how petrol and diesel in Delhi have performed in the last three month.

Sr NoPetrol (in rupees)Diesel (in rupees)
1 Jan75.1467.96
1 Feb73.1966.22
1 March71.7164.30
Petrol and Diesel prices

It means petrol and diesel prices in India have just reduced by less than 10 % in three months.Though Brent crude oil and Indian crude oil prices have almost halved in the last three months.

Government last week increased excise duty on petrol and diesel prices by 3 rupees to increase the revenue. It means consumers are unlikely to benefit significantly from the falling crude oil prices. If crude prices corrects further , we may see another excise duty hike in coming days.

Corona pandemic is likely to reduce world GDP including India.In fact .Oxford economic have outlined two possible scenarios based on Oxford Global Economic Model: a) the pandemic is limited to Asia, and world GDP falls $0.4tn (0.5%) in 2020 b) In a global pandemic, it drops $1.1tn (1.3%). Revenue correction will also likely to drop along with GDP .Thanks to falling crude oil prices , the government is using it effectively to mitigate revenue shortfall.

Stock market bounced back from early loss , posted huge gain.

Sectoral indices,Stock market bounced back
NIFTY, SENSEX, Sectoral Indices

Stock market rally from days low, ending this week’s bearish trend. All sectoral indices ended the week on positive notes.NIFTY closed the day above 8700 and SENSEX ABOVE 29900.

NIFTY opened the day on a positive note following global clues but turned bearish for a while and kept on rising through the day.It hit a high of 8883 points in the afternoon session. Last 2 hours saw extremely volatile sessions and saw swings of more than 300. Finally it closed the day with 482 (5.83%) higher than yesterday’s close.

Sensex also ended day on high note at 29,915.96 (+1627.73 +5.75%).Only HDFC bank and IndusInd bank saw drop in prices.Sensex rally was predominantly led by ONGC, Ultratech, HUL, Reliance; each of them rising more than 10%.

Today’s stock market bounced back was led by energy, IT, FMCG and metal stocks. Bharti infratel was the biggest gainer with 22.6 % gain followed by ONGC (+17.7%) and GAIL (16.4%).

Bank nifty had extreme volatility and saw swing of 1659.5 points from days low. It closed marginally up at 191.05 (+0.95%).Bandhan Bank was top gainer with 17 % spike in price. Surprisingly Sectors leaders such as HDFC Bank, Axis bank,IndusInd bank and RBL bank closed in red losing between 0.76 – 3.73 %.

Let see how sectoral indices performed today.

Sr NoSectoral indicesGain/loss
1Nifty Auto+3.71%
2Nifty Bank+6.65%
3Nifty Energy+8.81%
4Nifty Financial Services+2.96%
5Nifty FMCG+8.77%
6Nifty IT+8.52%
7Nifty Media+3.42%
8Nifty Metal+7.68%
9Nifty Pharma+4.07%
10Nifty PSU bank+1.81%
11Nifty Realty+2.33%
12Nifty Private bank+1.11%
Sectoral indices

Low risk investment strategies for the bear market

low risk investment strategies for bear market
Photo by Pedro Figueras on Pexels.com

A bear market is referred to a fall in the stock market prices below 20 % from its recent high.Bear market can considerably erode the wealth of investors in a very short time.But smart investors can generate profit or restrict their losses to minimum from the falling stock prices by using low risk investment strategies.Let’s have a look on strategies for the bear market:

Buy a put option: A put gives the holder of it the right, but not the obligation, to sell a defined amount of the underlying security at a certain price at or by a certain date. It has the potential of  infinite returns in a falling market scenario. Risk is minimum to premium paid for buying the put option. High net worth investors can use it to hedge the large position in particular share to keep the losses minimum if bears dominate the market

Buy defensive stock: Buy shares from defensive sectors such as fast moving Consumer goods and pharmaceuticals/ healthcare stocks. These sectors commonly have low beta stocks and witnessed less catastrophe during the bear market.Avoid risky stocks such as reality, automobiles, financials and metals.

Value investing: Value investors are one who buys out of favour stocks which are available at a cheap valuation and has very strong fundamentals.These stocks have tremendous potential of giving good profit when the market scenario changes to a bull market.

Diversification of portfolio: Diversification of portfolio into fixed income assets such as bonds, gold and shares help to keep losses in check. In general precious metal such as gold and silver prices climb in falling stock market scenarios.

Invest in mutual funds: Mutual funds offer diversification and are usually managed by expert fund managers at a low cost. Fund managers pull together money from different investors and invest it in various verticals such as shares, bonds etc.

Start SIP (Systematic investment plan): If somebody is looking for low risk strategies for bear market, he or she must start or continue SIP in quality stocks. Monthly SIP helps to accumulate quality stocks over the time horizon. Over time it has exponential growth potential.During bear market stock prices fall and it provides a good opportunity to accumulate stock at a reasonable price.

Indices crashed again, NIFTY near 8.5k & SENSEX below 29k.

Sensex soared over 900 points in opening trade tracking heavy buying at ICICI Bank, Infosys, HDFC twins and Reliance Industries amid rally in global stocks.
NIFTY, Sensex

All major indices crashed today; led by Banks, financials, reality and auto. closed the day at 8541.50 with 4.75% dropped in points. NIFTY started today’s session with brief gain but turned negative and kept on losing whole day. It reached new intraday 52 weeks low at 8,407.05.SENSEX also crashed more than 5 % to close at 28,869.51; down 1,709.58 (5.59%).

Now, both NIFTY and SENSEX are now trading near early 2017 levels. In just a month both indices have crashed to erase three years gain.


44 stocks declined while 6 advanced in today’s session. ZEE entertainment enterprises limited (ZEEL) was the biggest gainer with 34.9 point (26.22%) spike in price.ZEEL closed the day at 168.00. Yesterday ZEEL had declined by more than 20%.Yes bank also continued its rising trade with gain of 4.18%.

Banking stocks and financials were biggest loser of the day led by IndusInd bank, Kotak Bank and twin Bajaj group of companies i.e .Bajaj Finserv limited, Bajaj Finance limited. Automobile companies especially Hero motocorp, M & M , Eicher motors,  Maruti also ended in red with losses from 3-8%.


In 30 SENSEX stocks only ONGC and ITC closed in green. ONGC closed at 65.95 with gain of +5.90 (+9.83%). On 16 March,ONGC had declared 5 rupees interim dividend.

Yes bank’s share jumps more than 55 %

Share reached intra day high of 63.56 in early trading hours.
Yes Bank

Yes bank shares jumped more than 55 intraday and is currently trading at 55.70 with a gain of 20.70 points. Share reached intra day high of 63.56 in early trading hours. In the Dec quarter result company had announced it’s gross NPA has increased to 4,070,920 lakh rupees (18.87%).

Private sector lender’s share is on rise since it reached a low of 5.65 on 6 march after Government’s approval of SBI led consortium to rescue cash strapped bank. India’s largest public sector bank is investing 7500 cr for 49 percent stakes in Yes bank.

Bank had reported on 14 march huge losses of 18,560.31cr for dec quarter.Bank is having gross NPA 4,070,920 lakh rupees (18.87%) and net NPA 1,111,472 lakh (5.97%) . In the Dec quarter of 2018 , the bank had gross NPA 515,862 lakh rupees (2.10%). It means companies’ non performing assets have increased almost 8 times in the last 12 months.

Image source: Yes Bank

Indus Ind bank and IDEA jumps more than 45 % intraday.

Indus Ind Bank and IDEA jumps more than 45 % form intraday low
Indus Ind Bank, Idea, Market capitalisation
Share prices of two stocks IDEA and Indus Ind bank witnessed gain of 46.4% and 48 % from intraday low respectively.
Source: Indus Ind Bank

On 13 March 2020, NIFTY and Sensex saw historical intraday recovery from days low. Share prices of two stocks IDEA and Indus Ind bank witnessed gain of 46.4% and 48 % from intraday low respectively.

Pune based private lender Indus Ind bank jumped more than 250 points from days low. Stock opens day at 724, dropped to reached 52 weeks low at 551.10. It recovered and closed the day at 807.3 with 2.89 % gain . Share prices recovered almost 46.4 percent from days low during volatile trading session. Private lender have market capitalisation of 55,98,831.28 lakh at close. It means bank added 25,97,857.71 lakh in its market capitalisation intraday.

IDEA shares also closed the day with gain of 35.71 % at 5.70. Idea shares had dropped to 3.85 during early hours of trading.IDEA shares saw gain of 48 percent from days low. Telecom stocks were trading higher over speculation of possible reliefs package for the sector from government.

Corona Virus effect: World’s major stock markets turned bear !

World's major stock markets turned bear !

Major stock markets turned negative due to fear of Corona virus on global growth.Oxford economic in its forecast had said, In 2020 global growth will slow to just 2.3%, its weakest since 2009 . World health organisation had alarmed Novel Corona virus COVID -19 outbreak as Pandemic. World Health Organisation (WHO) defines pandemic as a worldwide spread of a new disease.

COVID -19 have already affected more than 1 lakh people.Although recent data suggest its growth is slowing down in China .Corona virus cases had erupted in Wuhan ,China in December last year. Recent WHO data suggest 1,24,847 confirmed cases of COVID-19 span over 118 countries /areas or territories.

World’s major stock market turned bear and are witnessing sharp drop in last couple of days and have turned bear.Bear markets are defined as more than 20% decline in stock prices from near-term highs.

Sr No.IndexLow 1 Month Percentage change
1Dow Jones21,297.88– 26.60
2S & P2,500.65– 25.66
3NASDAQ7279.95– 24.29
4NIKKEI 22518,342.7– 21.64
5FTSE 1005243.2– 29.42
6CAC4,025.89– 32.47
7DAX9139.12– 32.08
World’s Major Stock Indices

Surprisingly China’s Shanghai Composite have given 1 month positive return at 0.75% and negative return of only – 2.93% for week.

In todays trade, major European market crashed more than 10 percent in response to announcement of suspension of travel from Europe to contain Corona virus by U.S. President Donald Trump. All major US indices are also trading more than 8 percent down.

NIFTY and SENSEX both suffered huge losses in today’s trade due to fear of rising cases of Corona virus in India and weak global clues. NIFTY closed day at 9590.15  with drop of 868.25  points (-8.30%), while SENSEX closed 2919.26 points down at 32778.14 (-8.18%). Index heavyweight like HDFC,HDFC Bank, Reliance industry and ICICI bank contributed most to today’s SENSEX fall.

International Women’s Day special: Richest women in the world!

Richest billionaires
Richest women, wealthiest women in the world, International Women's Day
Abigail Johnson

International Women’s Day is celebrated on the 8th of March every year.This year’s theme for Women’s Day is, I am Generation Equality: Realizing Women’s Rights.” On this Women’s day we will have look on wealthiest women in the world

World billionaire’s list is predominantly dominated by mens over the years.But now world is changing and in 2020 ,there are 11 women in Top 100 Worlds billionaires list based on 7 March net worth.(Source : Forbes)

Lets have look on wealthiest women in the world on International Women’s Day:

1) Francoise Bettencourt Meyers:

Richest woman in the world is granddaughter of L’Oreal’s founder Eugène Paul Louis Schueller.

Her net worth is estimated around $56.6 and Rank 15 in top 100 billionaires list.

2) Alice warton :

She is richest billionaire in United states and is only daughter of Walmart founder Sam Walton.

ALice Warton is having net worth of around $52.4B.

3) Jacqueline Mars :

Jacqueline Mars own estimated one third of the world’s largest candy maker, Mars.

Her net worth is estimated around $29.4B.

4) Yang Huiyan:

Yang Huiyan owns 57% of real estate developer Country Garden Holdings, Chiana. She is youngest women billionaires in top 100 list and richest women in Asia.

Yang Huiyan and family net worth is estimated 22.1

5) Susanne Klatten:

Susanne Klatten owns 19.2% of Munich based German automaker Bayerische Motoren Werke (BMW).

Her net worth is estimated around $20.2B and is second richest women in Europe . Francoise Bettencourt Meyers is richest women is Europe and world.

6) Laurene Powell Jobs :

Laurene Powell Jobs is wife of Late Apple founder Steve jobs.Her net worth is estimated at $22.7B and is predominantly contributed by stocks of Apple and Disney.

7) Abigail Johnson :

Abigail Johnson is CEO of Boston based giant, Fidelity Investments. Fidelity investments was founded by Her grandfather, Edward Johnson II in 1946.Abigail Johnson ranked seventh among the wealthiest women in the world.

Her net worth is estimated at $14.9B.

8) Charlene de Carvalho-Heineken :

Charlene de Carvalho-Heineken ranks 89 in world’s billionaires list , thanks to her 23% controlling stake in beer giant Heineken.She and her family is having estimated $15.8B net worth.

9) Gina Rinehart :

She is executive chairman of Hancock Prospecting and is richest billionaire in Australia.

Her net worth is $14.8B.

10) Kwong Siu-hing :

Kwong Siu-hing is having net worth of $13.3B and is a biggest stockholder of Hong Kong based real estate giant Sun Hung Kai .

11) Iris Fontbona:

Fontbona and her family control Chile based mining giant Antofagasta Plc.

She and her family have estimated $12.8B net worth.

Yes bank share dropped to record low at 5.65.

Nifty ,Sensex, Bank, Yes Bank, nifty closed below 9000
Photo by Pixabay on Pexels.com
dropped to record low,stock registered 52 week low
Yes bank

In early hours of trading, Private lender Yes bank stock prices dropped to record low of 5.65. Yesterday, share were closed at 36.8 .Stock registered 84.64 percent drop in the price for a day. Stock recovered 290% from day’s low and is currently trading at 16.4.

According to NSE data, lenders market capitalisation is just 4,18,277.45 lakhs rupees now.

In yesterdays, trade stock prices had zoomed by more than 27 percent after Government have created SBI led consortium to buy stakes in Yes bank.

Stock reacted today harshly to rating downgrade by JP Morgan .On 5 March, JP Morgan cut price target to just 1 rupees from 55 rupees earlier.In today’s trading,dropped to record low and stock registered 52 week low at 5.65. Yesterday, central government had put cap of 50000 rupees for withdrawal of money from the bank.

Worst is coming? Reality check!

Photo by Jakob on Pexels.com

Stock markets are experiencing volatile days with prices swinging on either side drastically.

Dow jones saw highest ever single day price gain in his history in point term (+5.10% or +1,296.81 points) . More than 5% gain have occurred only seven times since 2000 in Dow jones. Investors are getting some sense of relief after thrilling last week ,were Dow jones had lost by whooping 12 percent. It’s only on hope of world major central bank will cut rate to boost growth including Federal reserve. Fed can’t just cut fund rate in emergency every time when stock market blinks.Today after emergency fund rate cut ,fund rate stand at 1% . This level we had seen around March 2017, when economy was growing and Fed was increasing rates.

Only miracle for sustained rally in current scenario is : If something promising happens on the development of Vaccine for Corona virus.

Situation seems going to be worse in coming days if world fails to contain corona virus. World’s major economies are already facing decline in growth rate including USA, China, India etc in last few quarters; inspite of lowering of rates by major central banks.

When credit crisis erupts in August 2007 , US economy was growing at 1.876% in 2007. Fed reserve rates were 4.75 % in Sep 2007. US economy went into Recession in Dec 2007. Fed cut rates over the time to spurt growth rate, reduce unemployments and increase spending. Fed fund rate was just at 0.25 % in Dec 2008. Serial rate cuts, bail out (Bear stearns, AIG and bak bailout) and tax rebate helped US economy to come out of recession in June 2009. Between long time of 2008 to 2015 Fed fund rate were kept at zero.

2020 situation looks glimpse. There is not much room for the Fed reserve to cut rate from 1 % (after Todays rate cut of 0.5%) .GDP growth rate is already lower compared to previous two years.

GDP growth rate2.4%2.9%2.1%
Inflation 2.1%1.9%2.3%

One more reason investors need to worry is presidential election in 2020.Second term for Trump may provide some boost to market, But we don’t know the future; surprises….. are always there in catastrophe.

Where is NIFTY headed: Bear territory ? Or It’s just correction?

low risk investment strategies for bear market
Photo by Pedro Figueras on Pexels.com
Photo by Pedro Figueras on Pexels.com

Last week NIFTY dropped nearly 3.7 % .Global markets have witnessed drastic correction over the week on fear of impact of Corona virus.The Dow and S&P 500 each dropped 12% and 11% for the week, respectively. Its worst weekly performance since subprime crisis.

NIFTY had fallen 3.7% i.e 431.55 points in week. NIFTY is currently trading below 50,100 and 200 day SMA. It saw sharp gap down opening on Friday on poor global clues.NIFTY is expected to form support around 11075-11110 and next immediate support is around 10700-10750.In short term market is expected to trade in range with negative bias.

India’s economy is also not showing any encouraging signs with GP growth at 4.7% for Oct-Dec 2019 quarter.

Out of 50 stocks in Index NIFTY, 18 are trading near 52 week low (within0-7% range) , while only 4 are trading near 52 week high. Metal and Auto stocks saw drastic correction, especially Vedanta ( l3.56 %), TATA Motors ( 10.74%) are badly affected.

GDP Growth: Is Latest Corona pandemic fear real?

Corona Virus

World Health Organisation (WHO) defines pandemic as a worldwide spread of a new disease. Currently Corona virus is considered as epidemic. As of WHO data on 27 Feb , 46 countries have recorded confirmed case or cases of Corona virus.

Let’s have look on past pandemic and how it affected regional and/or global economy.

1918Spanish flu influenza pandemic20 million–100 million deathsGDP loss of 3 percent in Australia, 15 percent in Canada, 17 percent in the United Kingdom, 11 percent in the United States
1957Asian flu influenza pandemic0.7 million–1.5 million deaths GDP loss of 3 percent in Canada, Japan, the United Kingdom, and the United States
1968Hong Kong flu influenza pandemic1 million deathsUS$23 billion–US$26 billion direct and indirect costs in the United States 
1981HIV/AIDS pandemicMore than 70 million infections, 36.7 million deaths2–4 percent annual loss of GDP growth in Africa
2003SARS pandemic8,098 possible cases, deathsGDP loss of US$4 billion in Hong Kong SAR, China; US$3 billion–US$6 billion in Canada; and US$5 billion in Singapore
2009Swine flu influenza pandemic151,700–575,500 deaths GDP loss of US$1 billion in the Republic of Korea
2015Zika virus pandemic2,656 reported cases of microcephaly or central nervous system malformation US$7 billion–US$18 billion loss in Latin America and the Caribbean
Disease Control Priorities: Improving Health and Reducing Poverty. 3rd edition.

The Corona virus pandemic may heart Global economy badly .Oxford economic have outlined two possible scenarios based on Oxford Global Economic Model: a) the pandemic is limited to Asia, and world GDP falls $0.4tn (0.5%) in 2020 b) In a global pandemic, it drops $1.1tn (1.3%).

Oxford economic in forecast said, In 2020 global growth will slow to just 2.3%, its weakest since 2009 .

Sharp reaction to CPSE Index Changes

One of the world’s largest transmission utilities

Constitute of CPSE Index

Bharat Electronics Ltd, Coal India Ltd, SJVN Ltd, NBCC (India) Ltd,NLC India Ltd,NTPC Ltd, Oil & Natural Gas Corporation Ltd,Oil India Ltd, Power Grid and Cochin Shipyard .

Why CPSE Index was formed?

To facilitate Government of India’s dis-investment initiative; some of its stake in selected Central Public Sector Enterprises were traded trough ETF route.

Recent changes in Index is effective from 23 Jan 2020.

How market reacted?

Share prices of recently included CPSE i.e. Cochin shipyard, NHPC, NMDC AND Power Grid corporation are on sharp rise on hope of increase participation on institutional investors in coming days.While excluded Indian Oil Corporation and Power Finance Corporation have seen sharp decline in last few days. Share prize of Indian oil corporation is trading near 52 week low.

Meet Urvashi Sarkar from Kolkata who uses art therapy to spread mental health awareness.

Meet Urvashi Sarkar from Kolkata who uses art therapy to spread mental health awareness.
Meet Urvashi Sarkar from Kolkata who uses art therapy to spread mental health awareness.

Urvashi Sarkar, a practicing psychologist by profession co-founded aureole.sacredmandalas with Harivars in August 2020. Aureole.sacredmandalas is a mental health initiative to spread and bring in awareness through Art Therapy. Being impacted by the process herself, the form adopted by Urvashi and her partner consists of healing circles or mandalas. 

Urvashi’s greatest inspiration to work on this initiative was her personal healing journey. She believes that creating art is just not about the final product and the beautiful pieces one creates, it is in fact a way to meditate and center oneself. The entire process works on self-discovery and is often used in therapy as it helps in reducing stress and anxiety. 

Urvashi’s initiative was also challenged in a lot of ways. One of the biggest struggles so far has been trying to find people to connect with on a larger scale and building up the tempo of her page. Content is another thing as it needs to come through with the message and grab the attention of the audience and so far her content is handcrafted ink creatives. 

Urvashi has been trying hard to gather people and let her initiate reach someone in need, and even though her journey has struggles, her belief in what she does motivates her every day. Before getting into the process of creation, Urvashi makes sure she listens to sacred chants for cleansing from within and bringing in inner peace. She derives clarity, patience, hope and love for oneself while creating the pieces. She believes that there are no rights or wrongs attached to it and it is just an individual being oneself and reconnecting to oneself on a much deeper level.

WhatsApp Image 2020-09-27 at 5.39.43 PM.jpeg

Instagram: @aureole.sacredmandalas

Her vision is to create a better society where people are much aware of the happenings of the human mind, a place where mental health is appreciated without any stigma attached to it and more and more people are well-informed about themselves. A place where people realize and embrace self-love to self-heal and embark on their journey in this beautiful world. 

Urvashi’s journey in making the world a better place has just begun, and she has immense faith that she will be able to make a difference in society. Reaching the right people have always been a challenge for her, but she believes that the right things find the right people at the right time and all that you need to have is patience and courage to be kind to one-self!

Savour the flavor by Prerna Shahani

Savour the flavor by Prerna Shahani
Savour the flavor by Prerna Shahani

When the nationwide lockdown curbed several activities across the country, Prerna Shahani used this obstacle and turned it into an opportunity of a lifetime. Prerna founded Rustic Relish, a home-based cloud kitchen in Kolkata along with her mother Meghna Shahani in August 2020. Despite not being from a culinary background, the mother-daughter duo decided to embark on this journey as they had faith in their passion and the love for what they do was the medicine to their fear. 

Prerna who is 20 years old and a student of 3rd year, and her mother Meghna, 49, a SAT coach, didn’t have it all easy trying to balance their respective professional lives along with their startup. But the constant support and love from their family and friends kept them moving in the right direction until that support resulted in a major breakthrough. 

The struggles 

Initially, the mother-daughter came across a lot of challenges but one of the most major challenge was to be able to source top quality ingredients from the market that too amidst the lockdown. The situation also asked for extra measures like maintaining and following the strict hygiene protocol including safe and contactless delivery system. Being new to the industry, Prerna wasn’t aware of the functioning of the industry and thus found it difficult to get people who would assure her safe and contact-less delivery. To make sure she delivers nothing but perfection, Prerna has fixed multiple suppliers and also makes sure that all orders are placed 24 hours in advance so that her food is prepared only with the best quality ingredients ticking all sanitation norms strictly.

It all comes together! 

Prerna’s Rustic Relish offers a range of global cuisines like authentic Continental, Italian, Mexican, Rajasthani, South Indian, Punjabi, traditional Sindhi platters, and South-east Asian cuisines. It was founded on the basis of innovation by mixing authentic flavors and delivering soul satisfying food at the comfort of one’s home without compromising on its standard of quality. 

Other than it being crazy all along, Prerna’s startup has also been a learning experience for her. She takes care of all end-to-end operations, checks all her orders before they are handed out, and juggles the tasks of cooking and tracking between her and her mother which has made discipline a part of their everyday process.  She works on improving her menu diligently and makes sure she always has something new to offer so that it helps her to increase her client base and also be able to cater to customers craving different cuisines. Currently, they have a chock-a- block schedule delivering for small family gatherings and house parties including treat platters loaded with goodies from their innovative menu catering to her customers in Kolkata. 

WhatsApp Image 2020-09-17 at 5.35.01 PM.jpeg

Instagram: @rusticrelish_official 

WhatsApp Image 2020-09-17 at 5.38.25 PM.jpeg

Instagram: @rusticrelish_official 

A blessing in disguise All mistakes are blessings in disguise. Each mistake puts forward a new learning and a hope for something better in store for us. Even though Prerna had to face a lot of struggles, her number one motivation has been her determination her one track time which helped her to keep moving forward. Prerna’s journey puts forward an important message for all those aspiring to become “someone” someday, that it is the zeal and discipline which are the building blocks of becoming a successful entrepreneur, and we should never let the fear of striking out keep us from playing the game.

Handcrafted with love; Merakii

Neharika Sabharwal

“The desire to create is one of the deepest yearnings of the human soul.” This quote stands true to Neharika Sabharwal’s entrepreneurial journey who co-founded Merakii in April 2019. A year down the lane she recalls her journey as an integral part of Merakii, putting across the innovations of her creative mind. 

The stereotypical view of working in a 9 to 5 shift and being in a safe place with a fixed salary prevents many from going out there to follow their passion. Neharika gave up on her well-paying settled job to follow her passion and her decision to do so was initially questioned by many. While she was torn between right and wrong, her family and close friends were her biggest support that pushed her towards following her passion. 

Like every startup, Merakii went through a lot of ups and downs. This lockdown had harsh effects on sales and the entire functioning hit a rock bottom. Everything became stagnant and the marketing wasn’t picking which resulted in the loss of spirit. The entire team was hooked on to the hope of things getting better and eventually, things did start to iron out. This period of immense hardship didn’t break Neharika’s spirit for the sole reason of her belief in what she creates. 

WhatsApp Image 2020-09-02 at 2.29.14 AM.jpeg
Instagram: @merakii_gifts
WhatsApp Image 2020-09-02 at 2.29.16 AM.jpeg
Instagram: @merakii_gifts

Neharika’s vision for the company is to deliver creativity with a magical touch as the name of her startup suggests.

She handcrafts all her products with a lot of love and perfection trying to bring something different to the table each time. Before getting onto the entire making process, she tries to get all the details right and makes sure that each gift has a personal connection to it. 

Her startup is currently catering to customers in Mumbai, and she wishes to expand her services across India and abroad as well. Even though many people were skeptical of her decision to quit her job, now they are her whole and sole support system encouraging her to do better each day. Neharika’s sister has been her biggest support and strength helping her to make Merakii better and bigger. Today when she looks back and thinks about her journey, she realizes how important it is to have faith in what you believe in and keep moving in that direction. 

Space and Beauty by Driti Laxminarayanan

Space and Beauty by Driti Laxminarayanan
Driti Laxminarayanan

26 years old Driti started her entrepreneurial journey back in 2019. Her startup ‘Space and Beauty’ is growing exponentially in India and even abroad. Her journey saw major ups and downs but her passion and love for what she does helped her keep moving.  

In an exclusive interview with OoWER, Driti talks about her journey in length revealing her struggles, inspiration and vision for the company. 

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WhatsApp Image 2020-09-02 at 7.50.44 PM.jpeg

Instagram: @spaceandbeautyofficial       

Oower: What is ‘Space and Beauty’ all about? What inspired you to embark on this journey?

Driti: Space and beauty is about creating meaningful lifestyle products and at the same time being aesthetic and appealing. 

My inspiration to create this brand has been my love for design, hoarding stationery and bullet journaling. One thing led to another and this is how ‘Space and Beauty’ came into the picture.  

Oower: What were the initial struggles that you faced?

Driti: Initially I wasn’t aware of all the areas of responsibility and the set of skills required to run a business. I had to go the extra mile and work on developing new skills that would help me understand the process better. After doing an in-depth study of the process, I took care of designing, finding the vendor for raw materials, and marketing all alone. But my journey has not been completely alone. Appreciation and support from fellow artists and women like you and me helped me to keep moving forward. 

Oower: Till where is your startup expanded and how far do you wish to go?

Driti: We are currently delivering products pan India and also in US, Canada, Australia and Dubai. It has been amazing so far so much and I hope I get to make more products and connect with more people in my journey. 

Oower: What is your vision for your startup?

Driti: One of my major concerns has been to make my products stand out. This also sets the vision on how and where I see my startup. I want to make products that not only satisfy the purpose but also the eyes and soul by making a statement out of itself. 

Oower: What has this journey taught you so far?

Driti: One important lesson this journey has taught me is that learning is endless and being consistent with your work helps you understand how far you’ve developed and how far you need to go. 

Oower: One piece of advice you would like to give to all those trying to start somewhere out there!
Driti: One thing I have learned as an entrepreneur is to not be afraid to explore and take up opportunities even if that seems hard. You will never know if you won’t try it!

‘Do what makes you happy’; Rupa Neralla


Passion drives us to break barriers and stereotypes pushing us to make the impossible possible. 43 years old Rupa Neralla is a Kolkata based artist and a full-time teacher, who lives her life by the above phrase. Her story of being an entrepreneur is a reflection of her confidence and her love for art. 

While many do not think of putting themselves out thinking about the endless possibilities of how it could fail, Rupa dived right into it. From an early age, art has been one of those many things Rupa was passionate about and this hobby became her inspiration to set her own startup. 

She used to paint in her free time and posted her art on her social media handles. Her amazing art pieces didn’t go unnoticed, and she received buckets of appreciation from friends and family. This motivated her to start ‘Our Creations’ in October 2018, a platform for affordable and quirky home décor. Most of her designs are inspired by nature or have reflection of elements of nature in them. 

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                            Instagram: @our_creationss

It initially started with home décor, like hand-painted coasters, all kinds of wall décor, paintings and custom-made décor as well, 2 years down the line it has expanded to bookmarks, gift tags, DIY vases and festive décor. Her every piece of art is crafted with a lot of love and attention to detail with a reflection of vibrant colors with a traditional touch in all of them.  

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Instagram: @our_creationss

One of the major struggles Rupa faced was to create a balance between her job and her startup. Managing time, replying to queries, delivering pieces on time, and all other aspects are managed by her alone. Even though this makes her schedule hectic, her love for art gives her immense happiness and helps her to keep moving forward. Currently, her startup markets through Instagram and Facebook catering to her customers in Kolkata helping them beautify their spaces. 

Her journey gives out an important message to all those people who aspire to make it big someday, that it is important to believe in yourself to reach places in life and it is equally important to find joy and peace in what you love doing!

Bajaj Auto posts 9 pc fall in total sales in August


Mumbai, Sep 2 (PTI)
 Bajaj Auto on Wednesday reported a 9 per cent fall in its total vehicle sales at 3,56,199 units in August.

The Pune-based automaker had sold a total of 390,206 vehicles in August 2019.

Total domestic sales in August stood at 1,85,879 units as compared to 2,08,109 units in the same month of 2019, a drop of 11 per cent, Bajaj Auto said in a regulatory filing.

Total two-wheeler sales declined 1 per cent to 3,21,058 units as against 3,25,300 units in August 2019.

Total commercial vehicles sales also plunged 46 per cent in the previous month to 35,141 units as compared to 64,726 vehicles sold in August 2019, it said.


Sensex rises over 50 pts in early trade; Nifty tests 11,500

Sensex rallied in early trade led by gains in HDFC twins, ITC and Reliance Industries amid positive cues from global markets.
Sensex rallied

Mumbai, Sep 2 (PTI) Domestic equity benchmarks Sensex and Nifty started on a muted note on Wednesday amid concerns over India-China border tensions and weak cues from Asian peers.

After opening on a choppy note, the BSE Sensex was trading 58.69 points or 0.15 per cent higher at 38,959.49; while the NSE Nifty was up 22.95 points or 0.20 per cent at 11,493.20.

UltraTech Cement was the top gainer in the Sensex pack, rising around 2 per cent, followed by ONGC, Tech Mahindra, Tata Steel, ITC, Reliance Industries and Infosys.

On the other hand, SBI, Bajaj Auto, HDFC, Kotak Bank and Titan were the laggards.

In the previous session, Sensex settled 272.51 points or 0.71 per cent higher at 38,900.80, while Nifty advanced 82.75 points or 0.73 per cent to settle at 11,470.25.

Exchange data showed that foreign institutional investors bought equities worth Rs 486.09 crore on a net basis on Tuesday.

According to traders, domestic equities turned choppy as concerns of India-China border tensions weighed on investor sentiment.

India on Tuesday said China’s fresh attempt to change the status quo in the south bank area of Pangong lake in eastern Ladakh is in “complete disregard” to the understandings reached between the two countries.

Further, weak cues from other Asian markets also kept investors cautious, traders said.

Bourses in Shanghai, Hong Kong and Seoul were in the red in mid-day deals, while Tokyo was trading with gains.

Stock exchanges on Wall Street ended on a positive note in overnight session.

Global oil benchmark Brent crude was trading 0.75 per cent higher at USD 45.92 per barrel.


Bharti Infratel shares close nearly 5 pc lower


New Delhi, Sep 1 (PTI) Shares of Bharti Infratel on Tuesday erased all its early gains and closed nearly 5 per cent lower on profit-taking.

In morning trade, it had jumped over 5 per cent after the company said its board has decided to proceed with the scheme for the merger with Indus Towers.

The stock, which gained 4.91 per cent to Rs 208 on the BSE during the day, later surrendered the gains and closed 4.82 per cent lower at Rs 188.70.

On the NSE, it declined 4.91 per cent to close at Rs 188.80 after rising 5.16 per cent to Rs 208.80 during the day.

Bharti Infratel on Tuesday said its board has decided to proceed with the scheme for the merger with Indus Towers, and that the cash consideration chosen by Vodafone Idea for its 11.15 per cent stake in Indus Towers is expected to be about Rs 4,000 crore.

The company said its board, in a meeting held on August 31, 2020, took note of the status of the scheme of arrangement between Indus Towers and Bharti Infratel and the related agreements.

“After deliberations, the board has decided to authorise the chairman to proceed with the scheme and to comply with other procedural requirements for completion of the merger including approaching NCLT (National Company Law Tribunal) to make the scheme effective subject to certain procedural condition precedents,” it said in a regulatory filing.

Bharti Airtel will hold 36.7 per cent stake in the merged entity, Vodafone UK (28.2 per cent), Providence Equity Partners (3.2 per cent) with public holding (31.6 per cent), according to a source.


Shorter payment duration for AGR dues may impact industry structure, necessitates ARPU hike: ICRA

Telecom operator Bharti Airtel posted a consolidated loss of Rs 5,237 crore for the January-March quarter mainly on account of provisions for statutory dues
Telecom operator Bharti Airtel

New Delhi, Sep 1 (PTI) The relatively shorter timeframe granted to telcos for payment of AGR dues will exert additional pressure on the cash flows, necessitates “sizeable” ARPU hike, and may have longstanding impact on industry structure, ICRA said on Tuesday.

The Supreme Court has granted 10 years to telecom firms such as Vodafone Idea and Bharti Airtel for paying the Adjusted Gross Revenue (AGR)-related dues to the Department of Telecommunications (DoT) with certain conditions.

The apex court asked telcos to pay 10 per cent of the AGR-related dues by March 31, 2021.

“The proposed payment pattern adds to the burden of the industry which was already saddled with elevated debt levels,” ICRA said in a statement.

Noting that the Telecom Department had proposed 20 year duration for payment of dues, ICRA said that the relatively shorter payment timeframe of 10 years that has been granted to telcos “exerts additional pressure on the cash flows and necessitates sizeable ARPU (Average Revenue Per User) increase and can have an impact on the industry structure”.

Ankit Jain, Assistant Vice President, Corporate Ratings, ICRA, said it would also leave limited room for network capex and expansion, especially for the relatively weaker player.

“Assuming these payment terms are implemented on the balance amount to be paid, the telcos will have to shell out an amount of Rs 9,000 crore by March 31, 2021 as upfront payment, followed by 10-annual instalments of around Rs 12,000 crore at 8 per cent rate of interest starting February 2022 till February 2031,” Jain said.

These dues arose after the Supreme Court, in October last year, upheld the government’s position on including revenue from non-core businesses in calculating the annual AGR of telecom companies, a share of which is paid as licence and spectrum fee to the exchequer.

ICRA said the telecom industry, after witnessing a turbulent phase with intense competition and pricing pressures, was on a path to recovery.

Telecom operators announced substantial tariff hikes in December 2019, which along with moderation in capex intensity and deleveraging initiatives pointed towards “greenshoots of recovery” in the sector that was expected to result in expansion in cash flow generation.

“The tariff hikes have led to restoration of pricing power to the telcos and aided improvement in the operating metrics of the industry with growth in revenues and profit margins,” ICRA said.

It further said that the industry has been saddled with elevated debt levels amid consistently high capex requirements.

As per ICRA estimates, the debt as on March 31, 2019 stood at Rs 5 lakh crore, which declined to Rs 4.4 lakh crore as on March 31, 2020 after a series of deleveraging measures undertaken by private telcos during FY2020.

“Moreover, despite the improvement in cash flow and moderation in capex intensity, the debt is further expected to increase to Rs 4.6 lakh crore as on March 31, 2021 owing to addition of AGR dues,” it said.

Anupama Arora, Vice President and Sector Head, Corporate Ratings, ICRA, pointed out that while the government had earlier allowed deferral of the spectrum auction instalments for FY2021 and FY2022, the 10-year payment timelines for AGR dues “dampens the relief on auction payments to some extent”.

It is likely to weigh heavily on the balancesheet of the weaker telecom operator, especially when the two-year moratorium gets over and auction payments resume in FY2023, Arora said.

“The annual instalments for the auction payments are to the tune of Rs 32,000 crore for the industry starting FY2023, which along with Rs 12,000 crore annual instalment for the AGR dues starting February 2022 will necessitate substantial increase in the ARPUs to more than Rs 350 and has the potential to have a longstanding impact on the industry structure,” Arora added.


MG Motor India post 41.2 pc increase in retail sales in Aug

MG Motor India on Friday said it retailed zero units in April as dealerships remained closed due to the nationwide lockdown to contain coronavirus pandemic.
MG motor, Representative image, Photo by Georgi Petrov on Pexels.com

New Delhi, Sep 1 (PTI) MG Motor India on Tuesday reported a 41.2 per cent increase in its retail sales at 2,851 units in August.

The company had sold 2,018 units in the same month last year, MG Motor India said in a statement.

The recently-launched Hector Plus is witnessing significant traction from the family segment as people begin to travel with easing restrictions, while there was good traction in the electric vehicle (EV) segment as well, it added.

With the support of state government in Delhi, the company hopes that the EV category would see a further increase in momentum soon, MG Motor India said.

MG Motor India, Director – Sales, Rakesh Sidana said, “We have ramped up the overall production in August compared to July. We are working on fulfilling existing backorders for the Hector and prioritising vehicle deliveries for the ongoing festive season.

The recovery in upcountry markets has been faster which should augur well during the festive season, he added.

The company is also getting ready for the launch of its new SUV Gloster by Diwali this year, the company said.


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