Now even God's can open a Demat account in INDIA

The world's richest god at Tirupati, has now opened a demat account to enable devotees to donate shares and securities, after finding it a tedious task to get physical share certificates dropped in Hundi transferred on his name.

Considered the first globally for a shrine management, Tirumala Tirupati Devasthanams (TTD) has opened demat account (1601010000384828) with the Stock Holding Corporation of India.

PS Reddy, MD and CEO of Central Depositories Service (CDSL),  that the innovative move by TTD was primarily aimed at addressing the hassles pertaining to transferring the physical share certificates. "TTD has been receiving physical share certificates as donations by devotees in its open Hundi, which indicates that devotees are interested in donating shares.

TTD viewed that enabling devotees to use the demat account for donations helps both." Reddy said though TTD is the first shrine management in the country till date to open a demat account, CDSL would explore similar interest from other temple managements in other parts of the country that were receiving shares as donations.

While acknowledging that the temple has been receiving thousands of share certificates valuing lakhs of rupees, a TTD top official, however, refused to divulge details on the quantum and value of shares received so far. 

Foreign brokerages turn bullish, see Sensex hitting 33K in 6-12 months; top 18 bets

The BSE Sensex recorded a steep fall of over 3000 points last month. However, analysts at top global brokerage firms are not giving hope on India, despite its near-term under-performance compared to other emerging market peers.

They see the Sensex rallying past 30000 to hit its fresh record high in the next 6-12 months, led by initiation of pro-growth reforms by the NDA government and recovery in corporate earnings growth, which will fuel further re-rating in the Indian markets. 

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Finolex Industries Ltd Buy Above- 313 Stop loss - 295 Targets - 331,340

After showing correction, the stock has stabilised below the major resistance mark. Further, it is managing to trade above its 200 and 50 days moving averages with the RSI of 64.67.

In the near term, it is likely to continue the northward journey with the crossing of 313 level, and may test the level of 331 if it sustains above the support level of 295. 

NTPC Buy Above- 160 Stop loss - 153 Targets - 167, 175

The stock is trading below the falling trend line in long term charts and has been closing in green since the last two weeks. Further, the stock is trading in range with a positive bias and above its 200 and 50 days moving averages.

It is likely to show positive run in near term. With the breakout of the resistance mark of 160, one may expect the targets of 167 in the stock with the stop loss of 153 

Mcleod Russel Buy Above- 265 Stop loss - 259 Targets - 271,275

The stock is trading in a recovery phase and is consolidating with the positive bias from the last few trading sessions. Further, the stock is sustaining above its 50 and 200 days moving averages, and the stock is likely to continue the upside movement with the crossing of the resistance level of 265, where one may expect the targets of 271 and 275 with the stop loss of 259 

List of top five trading strategies for this week

Sensex falls over 1,000 points in 4 sessions; good time to buy.

The Sensex has plunged over 1200 points in four trading sessions, including today's decline, on earnings growth concerns, while weak cues across the region also dampened sentiment.

The Sensex slipped as much as 639.73 points in trade on Monday, to register its lowest close in three weeks, dragged down by losses in technology, realty, FMCG and auto stocks. 

The rupee slumped to its weakest in over a month after a spurt in dollar outflows triggered by the greenback's strength globally as well as weaker shares, 

 The rupee had fallen to as much as 62.86 to the dollar, its lowest since March 16. 

The 30-share index closed at 27886.21, down 555.89 points or 1.95 per cent. It touched a high of 28,539.46 and a low of 27,802.37 in trade today. The Nifty closed 157.90 points lower at 8448.10.

However, analysts are not worried about the recent fall as they feel that the uptrend still remains intact, and investors should use meaningful dips to accumulate quality stocks or create a balanced portfolio to shield themselves against volatility.

Apart from corporate earnings, developments during the second part of Budget session of Parliament will be closely watched, 

 The second part of the budget session started on April 20 and will conclude on May 8.

The government's focus would be on pushing through the bills on land acquisition and goods and services tax. 

"For large institutional investors, this is a good opportunity to kind of accumulate the stocks - the ones you wanted which you thought were at prices which were elevated,"