Volatility to continue, new listings would decide sentiment (Market Watch)


By Arun Kejriwal
Markets continued to remain highly volatile and the trend of the previous week which saw markets gain on Monday and lose ground on Friday, was reversed.

This week we saw markets lose ground on Monday and gain ground on Friday. Markets lost ground on the first four days of the week and it appeared midway through Friday that this would happen for a fifth day in a row.

However, markets reversed very sharply. The Bombay Stock Exchange (BSE) SENSEX saw an intraday move of more than 1,300 points while NIFTY saw a move of nearly 400 points. Huge volatility, and it took most traders to the cleaners. The BSE SENSEX ended the week with losses of 933.84 points or 1.84 per cent to close at 49,858.24 points while NIFTY ended the week with losses of 286.95 points or 1.91 per cent at 14,744.00 points.

Dow Jones made a new lifetime high of 33,228 points. It was down 150.67 points or 0.46 per cent at 32,627.97 points. The Indian Rupee gained ground and was up 27 paisa or 0.37 per cent at Rs 72.51 to the US Dollar.

The week gone by had plenty of action on the primary markets front. Two IPOs listed during the week and six issues closed for subscription during the week. The first to list was MTAR Technologies Limited which had issued shares at Rs 575. The share debuted at Rs 1,063.75 against an issue price of Rs 575. After hitting a high of Rs 1,154, profit taking saw the issue lose some ground and the share closed at Rs 1,082.25, a gain of Rs 507.25 or 88.22 per cent. The share slipped further during the week and closed at Rs 969.40, a gain of Rs 395.60.

The second issue to list was Easy Trip Planners Limited which had issued shares at Rs 187. The share debuted at Rs 206, made a high of Rs 233.15 and closed at Rs 208.30. It gained Rs 21.30 or 11.39 per cent. The cost of funding in this issue was nearly Rs 110 which meant all leveraged High Net-Worth Individual’s who sold their shares on day one have lost money.

The fresh issue from Anupam Rasayan Limited closed for subscription and was subscribed 45.21 times. The company had raised Rs 760 crore in a price band of Rs 553 to 555. Qualified Institutional Buyer (QIB) portion was subscribed 65.99 times, High Net-Worth Individuals (HNI) portion 97.78 times and Retail portion was subscribed 10.81 times. There were 16.49 lakh applications.

The issue from Craftsman Automation which had a fresh issue component of Rs 150 crore and an offer for sale of 45,21,450 shares in a price band of Rs 1488 to 1490 was subscribed 2.80 times. The QIB portion was subscribed 5.21 times, HNI portion 2.84 times and retail portion 3.44 times. There were 5.42 lakh applications.

The issue from Laxmi Organics Limited which consisted of a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore was subscribed 106.81 times. The price band was Rs 129 to 130. The QIB portion was subscribed 175.43 times, HNI portion 217.62 times and retail portion 20.11 times. There were 23.35 lakh applications.

The issue from Kalyan Jewellers Limited which consisted of a fresh issue of Rs 800 crore and an offer for sale of Rs 375 crore in a price band of Rs 86 to 87 was subscribed 2.64 times. The QIB portion was subscribed 2.79 times, HNI portion 1.93 times, retail portion 2.85 times and employee portion 3.78 times. There were 5.94 lakh applications.

The issue from Suryoday Small Finance Bank Limited which had tapped the capital markets with its fresh issue of 81.50 lakh shares and an offer for sale of 109.43 lakh shares in a price band of Rs 303 to 305 was subscribed 2.37 times. The QIB portion was subscribed 2.18 times, HNI portion 1.31 times, retail portion 3.09 times and employee portion 0.34 times. There were 3.44 lakh applications.

The final issue was from Nazara Technologies Limited which had tapped the capital markets with its offer for sale of 52,94,392 shares in a price band of Rs 1100 to 1101. This was the company which had the maximum hype in the markets. The issue was subscribed 175.46 times with QIB portion subscribed 103.77 times, HNI portion 389.89 times, retail portion 75.29 times and employee portion 7.55 times. There were 23.35 lakh applications.

There is an issue tapping the markets in the coming week from Barbeque Nation Hospitality Limited. The issue consists of a fresh issue of Rs 180 crore and an offer for sale of 54.57 lakh shares in a price band of Rs 498 to 500. The issue opens on March 24 and closes on March 26. The company has recently in January 2021 allotted about 10 per cent of its shares through a preferential allotment to Jubilant Food Works Limited. This was a strategic allotment. The company Barbeque Nation runs a chain of restaurants and has 144 outlets across the country and six of them overseas as well. The company had been incurring losses in the last couple of years and hopes to be back in the black in the next financial year 2021-2022.

The week ahead sees March futures expire on March 25. The current value of futures is lower by 353.35 points or 2.34 per cent compared to the beginning of the series. While the bears have had an upper hand so far in the month, what with a mega scare on Friday as well, the tussle would be interesting. While bears would like to press their advantage, bulls would like to claw their way back. The next four days of trading into expiry would be interesting and highly volatile.

On the Covid-19 front, the world saw 12,34,38,633 patients, 27,22,127 deaths and 9,94,28,534 patients recovering. In India we saw 1,15,99,130 patients, 1,59,790 deaths and 1,11,30,288 patients recovering. During the week, the world saw 33,81,000 new patients, 62,291 new deaths and 28,39,178 patients recovering. In India we saw 2,40,082 new patients, 1,148 new deaths and 1,40,391 patients recovering. In India, the new cases and the number of active cases has been rising quite sharply. Maharashtra is again at the forefront of new cases and cities like Mumbai, Nagpur and Pune are leading the surge. We need to ensure that social distancing and wearing of masks always is strictly followed.

The week ahead with expiry in four days would see an increase in volatility. Further there would be four primary issues which closed for subscription last week’s listing. Readers are advised to use sharp dips to add to their position and use rallies to sell and book profits. On a medium-term basis, upcoming results in a fortnight from now would set the trend going forward.

(Arun Kejriwal is the founder of Kejriwal Research and Investment Services. The views expressed are personal)

Source: IANS

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How to Apply Coconut Hair Oil : 5 Ways to Getting Nourished, Shiny Strands

How to Apply Coconut Hair Oil : 5 Ways to Getting Nourished, Shiny Strands

There are very few hair care ingredients that are as amazing and trusted as coconut oil. For centuries, coconut oil has been used as a hero ingredient and grandmothers of Indian households swear by it. The buttery, thick oil has managed to make quite an impression among the international fashionistas worried about the health of their hair as well.

Coconut oil brings to you an impressive resume of natural beauty advantages for both the scalp and hair.

If you haven’t yet discovered the wonderful benefits of coating your strands in coconut oil, you are probably wondering why this oil is considered a hair care mainstay. Keep reading to know how exactly coconut oil can nourish your hair and the best ways to apply it for brilliant results.

What is coconut hair oil good for?

How to Apply Coconut Hair Oil
How to Apply Coconut Hair Oil

Here, take a look at some of the reasons that make coconut oil reign supreme in the department of hair care.

  • The oil is super moisturizing for your hair strands. The low molecular weight of coconut oil allows it to easily penetrate the shaft of your hair and get absorbed quickly, much better than other oils.
  • The oil has a high moisture content naturally, and therefore, it is effective in conditioning and moisturizing the strands. The oil doesn’t just sit on top of it.
  • The oil will also help your hair to retain protein because it contains a specific type of fatty acid, known as lauric acid. Nick Stenson, a celebrity hairstylist and Matrix’s artistic director, says that strands hold to proteins better when they are coated in coconut hair oil.

If you need more reasons – coconut hair oil is affordable and found ubiquitously, and does not contain any chemicals.

How to apply coconut hair oil for maximum benefits?

The application of coconut oil to hair entirely depends on how you wish to use it. For instance, a deep conditioning hair mask needs a different application than a split end treatment or detangler.

You’ll find below 5 ways to apply coconut oil.

  1. As a treatment of the scalp

Are you interested in a tension-relieving, relaxing scalp massage? Sounds interesting, right? You can relieve your tensed scalp after a tough day of work by wetting the pads of your fingers with coconut oil. Apply the oil gently onto your scalp and massage it gently for a few minutes. This will help the coconut oil to moisturize your scalp and promote healthy hair growth. A relaxing scalp massage using coconut oil is going to make your hair follicles happy and this will result in speedier and also healthier hair growth.

The reason why scalp massages promote hair growth is because they encourage blood circulation. This helps in delivering your hair follicles all the essential nutrients and also oxygen.

  1. As a hair mask

Coconut oil for hair is known to work wonders when it comes to deep conditioning hair treatments. You can create a DIY at-home hair mask by melting a few tablespoons of the oil over low heat and then transferring the oil to a bowl. Section your hair to properly massage warm coconut oil into the roots of your hair and saturating your strands throughout the tips. After that, use a wide-toothed comb to run through your entire hair so that your hair detangles gently. Then, cover your hair with a warm towel or shower cap, and relax for ten to thirty minutes. You can use your regular or mild shampoo to wash out the oil. Make sure to rinse properly.

Remember not to sleep while you are relaxing. You need to wash out the oil to prevent any build-up.

  1. To define your curls more prominently

Coconut oil is a worthy styler and it can help you look your best. Even if you don’t have the right outfit for the day, your hair is surely going to make heads turn!

A lot of people are partial to wash-and-go or an air-dry. If you are one of them, you can slide the oil through the strands of your hair after taking a shower. The oil will help to define the pattern of your curl while also reducing frizz and moisturizing your hair.

If you want your curls to keep their spring, you can make use of coconut oil in between washes. Your curls will be replenished and have a beautiful shine.

  1. To prevent your hair from tangling or to detangle 

A physical barrier is required for all hair types before detangling the strands, especially for those who have more breakage-prone, drier hair. Coconut oil is a brilliant detangling hair care product that you can use to prevent your hair from breaking. You can apply warm oil or you can use a spray bottle to spritz oil on your hair before detangling.

  1. To treat split ends 

Honestly, you cannot mend split ends forever. There just isn’t a way. You can snip them from time to time, but you cannot say goodbye to them forever. Another way to manage your split end problem is by applying coconut hair oil products. The oil will help to seal the cuticle and make your hair look shinier, healthier, and also less brittle. You might even notice density to your strands, especially if you have been noticing that your hair is tapered toward the bottom and looking thin.

The takeaway

Do you think that your hair can benefit from the use of fatty-rich coconut hair oil? You can give it a try in any one of the 5 ways above. And if anybody was wondering, the oil can also be used straight up on your strands.

However, if you are allergic to coconut in general, you might want to stay away from using this oil. In such cases, applying the oil may result in causing irritation.


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