The new week will see the Sensex hitting 39888 to 38666

• Caution is required at any time when a large cation is ripe
• PNB Gilts Ltd. P / EA of Rs 1.63 available at Rs 46.80 per share against expected EPS of Rs 28.65 and expected book value of Rs 86.57 in full year 2020-21, up 527% in profit.

Despite the monsoon being very successful across the country and the corona virus infection figures rising, the economic activity in the country is also on the rise and the attraction of foreign funds to invest in Indian stock markets is on the rise. With the Indian economy expected to recover and the monsoon successful, the recovery is expected to pick up speed in the coming days. In the last week of the August trend, funds have rallied sharply in banking-finance stocks, pushing the Sensex above 39,500 and the Nifty above 11,600. However, given the precautionary warning given by Reserve Bank of India Governor Shaktikant Das last week that the current market boom in the overbought market does not suit the economy, caution may be needed if a major correction is in place at any time. So now with the rise in fund stocks next week, the index-based market is likely to show a two-way slump.

GDP Growth Index, Manufacturing-Services PMI Index, Auto Companies Statistics, Dollar, Monsoon Progress

With the monsoon continuing to be good across the country, the Gross Domestic Product (GDP) estimates for the first quarter of the current financial year to be released on August 31, 2020 The market will keep an eye on India's manufacturing PMI for August and the services PMI for September 3, 2020. The corporate results will also look at ONGC's results for the quarter ending June 2020, September 2020 and Coal India's 2, September 2020 results, as well as the automobile companies' vehicle sales figures for the month of August 2020 from September 1, 2020. . On the international front, US-China strained relations, China's NBS Manufacturing PMI for July 1, will be released on September 1, and Japan's industrial production figures for July 31, August 2020, and US non-pharma employment for August and August 4, The Market Manufacturing PMI for August is due on September 1. The Sensex is likely to hit 39888 to 38666 and the Nifty 11777 to 11444 in the new week between the upcoming events.

Dark Horse: PNB Gilts Ltd.

BSE (532366), NSE (PNBGILTS) listed, Rs.10 paid-up, with 38.88% bonus equity in total equity through 1: 3 share bonus issue in 2013. PNB GILTS LTD, a preferred and well-known name in the market, was established as a wholly owned subsidiary of Punjab National Bank, one of the largest commercial banks in India. PNB Gilts is a leading entrepreneur with a good market share in the overall trading turnover with a significant role in strengthening the local fixed income markets. The company is the only listed primary dealer in India. Supporting the government's borrowing program through underwriting of government securities issues in the company's primary activities as a primary dealer and government securities (G-Sec), treasury bills, state development loans, corporate bonds and other interest rates. Papers etc. include trade. The company has a trading desk operated by experienced professionals with strong research and in-depth market experience. The company, which has completed 23 years of operation, has a diverse customer base in the fixed income market with its vast experience and incredible standards in services. The company's net worth has also increased from Rs 885.86 crore in the financial year 2018-19 to Rs 1002.19 crore at the end of the financial year 2019-20.

The company's extensive customer list includes provident funds trusts, regional rural banks, cooperative banks, companies, individuals, etc. The company has an independent marketing and sales team for specific customer needs. In addition to having a one-stop shop for all investment needs, the company also offers advisory services to its clients with strong research to manage the government securities portfolio. With strong and reliability, the company provides its customers with highly transparent and timely services in the retail market.

The company has no financial impact due to Covid-19 and no liquidity position is expected to be affected going forward. PNB Gilts Ltd has received an Ind-IND A1 Plus rating from India Ratings and Research for its Rs 2,000 crore short-term bank loan facility.

Banks, especially PSU banks, can make good treasury profits in a bullish debt market through their massive G-Sec holdings, but their profits are subject to the burden of NPAs, whereas in the case of PNB gilts, they have no credit risk as only G-Sec (Government Securities) ) Is mainly in investing and trading.