There is concern that the new and cumbersome regulations will lead some RAs to either shut down their operations or make side deals with their clients that fall outside the regulator's oversight.
Front-month Brent LCOc1, the global oil benchmark, had gained USD 1.10 to USD 44.24 a barrel by 0300 GMT (11.00 p.m. EDT), having ended down 7 cents at USD 43.14 on Wednesday.
Asian equity markets and the euro were facing sell-offs at the start of the week after cash-strapped Greece broke off deadlocked talks with creditors over the weekend, despite a June 30 due date of a massive repayment to the International Monetary Fund.
WTI surged USD 1.74 and Brent jumped USD 1.51 yesterday in a second day of rallies after the US Department of Energy (DoE) released its latest petroleum stockpiles report that was largely seen by analysts as bullish.
The US Commerce Department said yesterday that the world's biggest economy and top oil consuming nation stalled in the first quarter this year, expanding at an annual pace of just 0.2 percent , much slower than the 1.0 percent growth expected by analysts.
US benchmark West Texas Intermediate (WTI) fell 26 cents to USD 57.48 while Brent eased 26 cents to USD 64.59 in late-morning trade. WTI yesterday gained USD 1.58 and Brent advanced USD 2.12.
US benchmark West Texas Intermediate (WTI) for May delivery declined USD 1.03 to USD 52.95 and Brent crude for May dropped 64 cents to USD 58.46 in late-morning trade.
According to Ashish Chugh, Investment Analyst, IFB Industries is looking cheap at the current valuations. “This company has been introducing a number of new products. The company which used to be primarily a washing machine company has transformed itself into a complete appliance company,†he adds.
According to Ashish Chugh, Investment Analyst, one may prefer Transport Corporation of India (TCI), which is available at very reasonable valuations.
DCM Shriram Consolidated is a well-run company in a variety of businesses having managed a turnaround and also available at extremely attractive valuations, says Ashish Chugh, Investment Analyst.
Today not many people are interested in small caps but it is only during these distressed times that you are getting well-managed businesses below their cash values. So these are extraordinary times but it does throw up extraordinary opportunities also and Eimco Elecon is probably one of those opportunities, says Ashish Chugh, Investment Analyst.
Alok Industries currently trades at about Rs 11-11.50. The possibility of downside looks to be maximum of about 10-15%. If it is able to sell its real estate and pair down its debt and textile companies business environment improves or remains the way it is as of now, the stock could be on a revival path, says Ashish Chugh, Investment Analyst.
FIEM Industries is a multibagger, says Ashish Chugh, Investment Analyst. The company has got eight manufacturing plant located in Karnataka, Tamil Nadu, Haryana and Rajasthan. The company last year started its Alwar plant which is built on 10 acre and this plant caters exclusively to Hondo Motorcycle.
Ashish Chugh, Investment Analyst advice small investors to accumulate Dr Agrawals Eye at current levels.
Jayaswal Neco has potential to give good returns, says Ashish Chugh, Investment Analyst.
Accumulate Acrysil (India) between Rs 110-120, says Ashish Chugh, Investment Analyst. This is a small company which is into a niche business. This company manufactures granite and kitchen sinks. This is a niche product which not many companies do in India. 80% of the production of the company is exported.
India Glycols can give 50-60% returns over a period of one year, says Ashish Chugh, Investment Analyst. It was mainly a commodity company a few years back. The company has been transforming itself from just a commodity play and it‘s focusing more on value added products now.
Ashish Chugh, Investment Analyst, Hidden Gems share his view on NCL Industries.
Accumulate Shri Dinesh Mills around Rs 75-85, says Ashish Chugh, Investment Analyst, Hidden Gems.
Enter Ion Exchange at around Rs 120-130, says Ashish Chugh, Investment Analyst.
Accumulate Narmada Gelatin below Rs 100, says Ashish Chugh, Investment Analyst.
Buy Jayant Agro, says Ashish Chugh, Investment Analyst.
Balmer Lawrie offers potential appreciation from the current market price, says Ashish Chugh, Investment Analyst.
Ansal Properties & Infrastructure is looking good for patient contrarian investor, says Ashish Chugh, Investment Analyst.
Buy Ganesh Poly, says Ashish Chugh, Investment Analyst. One can make a staggered purchase in the stock and not buy everything in one go because it is possible in case the market comes down the stock can also drop to about Rs 55-58 levels.