Calendar 2019 was a difficult year, yet some 130 BSE500 stocks from across sectors delivered more than 15% returns, almost similar to the index returns. The best performer was a revenue company, the second a home financier; third an AMC, fourth an MFI and fifth a consumer electronics outsourcing firm. They go on to prove that no matter what the market outlook is and how the economy is doing, wherever there is earnings growth, balance sheets are good and corporate governance is dependable, there are rewards!
STREET PULSE: Where we stand Nifty futures on Singapore Exchange traded 16 points down at 7 am (IST), signalling a weak start to trade on Dalal Street. Elsewhere in Asia, stocks saw another quiet year-end session, sitting on an advance of almost 9% for the quarter thanks to ebbing trade tensions.
HERE'S WHAT TO WATCH  | Shares ticked higher in Tokyo and were flat in Seoul, without a cue from Wall Street overnight given the Christmas holiday. Shanghai saw a muted open, while Hong Kong and Sydney were still shut. |
| The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite set new all-time intraday highs on Friday. Dow gained 23.87 points to 28,645; the S&P500 rose 0.11 points to 3,240 while the Nasdaq eased 15.77 points to 9,006. |
| Oil prices hovered around three-month highs on Monday following a higher-than-expected crude inventory drawdown and optimism over an expected US-China trade deal, while traders kept a close eye on Middle East unrest. WTI crude futures edged up 1 cent to $61.73 a barrel, while Brent crude futures rose 12 cents to $68.28. |
| The rupee depreciated by 4 paise to close at a fresh three-week low of 71.35 against the US dollar on Friday, continuing its losing streak for the sixth day in a row amid crude oil prices hitting three-month high levels. |
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Advantage Infy… Infosys is likely to grow faster than larger rival TCS this financial year, analysts said, on the back of its acquisitions and competitive pricing strategy. Over the past two years, the Bengaluru-headquartered software services provider has been investing in an aggressive sales and marketing team and to attract digital-technology focused deals.
Read More FIIs & DIIs on a High… Institutional inflows into Indian equities surged to a record high in 2019, an ETIG analysis shows. Domestic institutional investors and foreign portfolio investors together invested Rs 1.43 lakh crore (around $20 billion) in 2019, the highest in any single year over the last fifteen years. FPIs contributed nearly two-thirds of the money, while local funds made up the rest.
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Rupee's Bleak Outlook…The rupee may lose at least 3% in 2020, possibly setting a new record for lows, as a perfect cocktail of global headwinds and domestic fiscal troubles make global investors wary of buying Indian securities, a survey of 20 market experts by ET showed. The rupee will touch 74 or more to a dollar in 2020, more than half of the poll respondents believed. The local unit closed at 71.35 per dollar on Friday.
Read More LIC Turns Extra-Cautious... State-owned LIC has raised provisions for doubtful assets by 30% to Rs 23,760 crore for the year ended March 31, 2019, it said in its just-released annual report. This came after reviewing asset quality and the performance of investments in real estate, loans and other assets, it said. The country's biggest life insurer has exposure to stressed entities such as DHFL, IL&FS and the Anil Ambani-led Reliance Group, among others.
Read More Telecom Setback… The GST Council will reject requests by telcos for a refund of input tax credit of Rs 36,000 crore, Bihar deputy chief minister Sushil Kumar Modi said, dashing hopes of any financial relief for the beleaguered telecom sector. Telecom service providers have been urging the government to refund the input tax credit or adjust the amount against their statutory dues. They have sent several requests to the finance ministry.
Read More Meanwhile... Sebi votes in favour of investors again. The market regulator is planning to make pre-trade allocations mandatory for all institutional investors, said two people with knowledge of the matter, reviving a proposal it had floated two years ago. Currently, institutional investors buy large blocks of stocks and allocate them to schemes after purchase. However, the regulator now wants these investors to disclose to exchanges in advance what quantity of shares is meant for which fund.
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