Today's Key Result
16th Oct
Reliance( Cog Est Net 6012cr +5% Yoy)
Agro tech Food,Chowgule Steam,Edelweiss,International Comb,Niit Tech,Swaraj Eng,Tata Metals,Tata Sponge
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Friday, October 16, 2015
Today's Key Result
Indian Adr/Gdr
Indian Adr/Gdr
Infy:+1.19%, Wit:+1.30%
Ttm:+7.53%, Rdy: -0.26%
Hdb:+1.68%, Ibn:+2.49%
SBID:+2.16%, RIGD:+0.50%
Market Update
Market Update:
Sgx Nifty +33 pts
Dow +217.00 pts ,Nsdq -87.25 pts , S&P +29.62 pts ,Bovespa +450 pts , Ftse +69 pts , Dax +148 pts, Cac +66 pts, Nikkei +143 pts, now, Crude @ $46.89 brl (+0.46), Brent @ $48.71 (-0.44) , Gold @ $1181.60 (-5.90), Silver @ $16.09 (-0.07), Euro @ $1.1366, JPY @ $119.0900, INR @ $64.8250
Wednesday, October 14, 2015
Today's Key Result 14th Oct
Today's Key Result
14th Oct
Hind Unilever( Cog Est Net 1034cr +5 % Yoy Time -During Mkt)
Zee Enter( Cog Est Net 238cr +5% Yoy Time -During Mkt)
Dic Ind,Goa Carb,Hinduja Vent,Network 18,Rasoi, Ttk Prestige,Tv18
Indian Adr/Gdr
Indian Adr/Gdr
Infy: -1.96%, Wit: -0.80%
Ttm: -0.15%, Rdy: -1.01%
Hdb: -3.12%, Ibn: -1.99%
SBID:-0.53%, RIGD: -0.33%
Market Update
Market Update:
Sgx Nifty -11 pts
Dow -49.97 pts ,Nsdq -42.03 pts , S&P -13.77 pts ,Bovespa -1980 pts , Ftse -28 pts , Dax -87 pts, Cac -45 pts, Nikkei -157 pts, now, Crude @ $46.67 brl (+0.01), Brent @ $49.24 (-0.62) , Gold @ $1167.70 (+2.30), Silver @ $15.89 (-0.01), Euro @ $1.1392, JPY @ $119.6700, INR @ $65.1850
Wednesday, October 7, 2015
FII Activity Yesterday
FII Activity Yesterday :
Yesterday, FIIs were net buyers in both cash market segment and in Index Futures. They bought equities to the tune of Rs. 480 crores and Index Futures of Rs. 251 crores with rise in OI, suggesting good amount of fresh long formation in last trading session.
In Index Options front, FIIs bought of Rs. 468 crores with rise in OI. In call options, 8400-8500 strikes added decent build-up; we believe it’s more of writing. While in put options, huge OI addition was seen in 8000-8200 and 7700 strikes. Maximum OI is seen in 8300 call and 7800 put options. 8150-8200 is a major resistance for market; we suggest waiting and watching these levels before forming any fresh position in Nifty.
News
News
Ø IMF: India to grow faster than China at 7.5%;
Ø Open to different options on Land Bill issue: Govt
Ø Rel Jio may push Airtel to buy Aircel's 4G spectrum
Ø FM Jaitley promises rational personal taxes
Ø Adani Enterprises buys out Glencore's stake in JV
Ø IMF warns slow China, urges Beijing to float yuan
Ø Government begins roadshows for NTPC, BEL disinvestment
Ø Govt drops Greenpeace India from its list of environmental NGOs
Ø Govt hopes to roll out GST next year: Modi
Ø ONGC-RIL row: Technical consultant report set to be delayed
Ø Mah clears two Mumbai metro routes worth Rs 12,618 cr
Ø 10-year bond yield may touch 7.40% by end Dec: BS Poll
Ø Defence companies in India to form industry alliance
Ø European crisis will bend but not break Tata Steel
Ø IL&FS, GIFT sign MoU with Siemens to develop smart mobility solutions
Ø Govt panel recommends parity in taxation of various CSR activities
Ø Sterling Generators plans Hosur facility to cut logistics cost
Ø Suzlon bags repeat order from Orange for 100.8 MW
Ø Arvind to double revenues from Tresca brand in 3 years
Ø Cafe Coffee Day parent to launch IPO on 14 October
Ø Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj
Ø Edelweiss setting up $1 bn real estate fund
Ø Adani faces further delays over Australian coal mine permit
Ø Parag Milk Foods files for IPO to raise Rs325 crore
Ø India takes 17% more Iran oil in September than in August
Ø Sensex rises for 5th consecutive session, Nifty settles above 8,150
Ø Anil Ambani's Reliance MediaWorks sells 9.75% in Prime Focus for Rs 155 cr
Ø Credit Suisse upgrades Coal India, NTPC to 'outperform' from 'neutral'
Ø Terrorism has long-lasting impact on Indian economy: Moody's
Ø Profit of Sensex firms likely to fall 3.7% in Q2: BofA-ML
Ø Rational personal taxes, flat 25% corporate tax in 4 yrs: FM
Ø Infibeam's Rs 450-cr IPO gets Sebi nod
Ø Steel sector set to miss 300 mt output goal by 2025
Ø Over Rs 77,000 cr fly out of mutual funds in Sept
Ø ndiaFirst receives Rs 150 cr capital from promoters
Indian Adr/Gdr
Indian Adr/Gdr
Infy: -2.26%, Wit: -0.16%
Ttm:+2.43%, Rdy: -1.80%
Hdb: -0.50%, Ibn: -2.85%
SBID:+0.64%, RIGD:+1.99%
Market Update
Market Update: Sgx Nifty -10 pts
Dow +13.76 pts ,Nsdq -32.91 pts , S&P -7.13 pts ,Bovespa +137 pts, Ftse +27 pts , Dax +88 pts, Cat +43 pts, Nikkei -33 pts , now, Crude @ $48.72 brl (+0.09), Brent @ $51.92 (+2.67) , Gold @ $1146.90 (+0.50), Silver @ $15.92 (-0.06), Euro @ $1.1273, JPY @ $120.2600, INR @ $65.4125
Tuesday, October 6, 2015
Economic Times
Economic Times
Business Standard
Ø Coal digger: India aims to start Asia's biggest coal mine in 5 yrs
Ø BoB investigating Rs 350-crore bill discounting fraud
Ø Ageing Chinese dragon makes way for India in top spot among EMs
Ø 'Private equity activity may hit record high in 2015'
Ø India, Lithuania agree to collaborate in agriculture sector
Ø Govt to spend Rs 70k crore on 12 major ports: Gadkari
Ø Government to soon decide Monetary Policy Committee structure: Shaktikanta Das
Ø Tax collections to fall 5-7% short of target
Ø Sebi probes JPMorgan's risk assessment system
Ø Indian GDP predicted at 7.5% in 2015-16: World Bank
Ø Germany offers 2 bn euros for clean energy corridor, solar projects
Ø RBI initiates corrective action on Indian Overseas Bank
Ø US scraps discriminatory outsourcing fee on Indian firms
Ø Educomp sells entire stake in Wiz Learn Technology
Ø NMDC cuts iron ore price by 12% for October
Business Line
Mint
Ø ‘No dumping levy’ between provisional, final orders
Ø Cabinet monitoring has fast-tracked projects worth $112 b, says Minister
Ø Crisil downgrades debt worth Rs 2.4 lakh cr in H1 FY16
Ø Gas price cut will hit investments in new reserves: Moody’s
Ø ‘India’s poverty rate lowest among nations with poor population’
Ø HDFC home loans get cheaper as lender cuts benchmark rate
Ø OECD reveals plan for tax clampdown on multinationals
Ø Method of computing GDP deflator misleading: RBI
Ø Sun Pharma settles US patent litigation with Actavis over skin care drug
Ø September quarter corporate earnings may disappoint
Financial Express
Financial Chronicle
Ø Sensex ends 565 points up at 26,785, Nifty settles at 8,119;
Ø Govt raises import duty on ghee, butter to 40%
Ø Black money disclosure: Govt revises amount higher at Rs 4147 cr
Ø 'Motherson Sumi expects revenue growth at CAGR of 24-25% in next 5 years'
Ø Alstom bags Lucknow Metro contract worth Rs 1,100 crore
Indian Adr/Gdr
Indian Adr/Gdr
Infy:+2.91%, Wit:+1.72%
Ttm:+5.57%, Rdy:+2.03%
Hdb:+2.97%, Ibn:+3.64%
SBID:+2.83%, RIGD:+2.57%
Market Update
Market Update:
Sgx Nifty +76 pts
Dow +304.06 pts ,Nsdq +73.49 pts , S&P +35.69 pts ,Bovespa +564 pts, Ftse +168 pts , Dax +261 pts, Cac +158 pts, Nikkei +340 , now, Crude @ $46.34 brl (+0.08), Brent @ $49.33 (+0.08) , Gold @ $1135.30 (-2.30), Silver @ $15.62 (-0.09), Euro @ $1.1188, JPY @ $120.4600, INR @ $65.3000
Thursday, October 1, 2015
Business Line
Ø Govt infuses Rs 13,955 cr capital into 8 PSU banks
Ø Foreign owned assets in India rise to $891.5 bn
Ø Dabhol power project to be split to revive plant
Ø Investors pull $40 bn from emerging market assets in Q3: IIF
Ø NBFC-MFIs chargeable interest rate fixed at 9.82% for December quarter
Ø Government should allow FDI in e-commerce retail trading: Report
Ø April-Aug fiscal deficit at 66.5% of Budget estimate
Ø India gets 14% lower rainfall in June-Sept monsoon season
Ø RCom to offer 4G with Jio partnership
Ø GSK Pharma completes acquisition of Novartis vaccines business
Ø Govt expects call drop issue to be resolved by Oct-end
Ø Maharashtra raises VAT on cigarettes, liquor, petrol, diesel, gold
Ø Infrastructure sector growth slows down to 2.6% in August
Ø Foreign firms to breathe easy as Govt stands by MAT promise
Ø S&P cuts Tata Motors rating on China jitters
Ø Govt to join Cairn tax arbitration; to appoint arbitrator soon
Ø Natural gas price slashed by 16% to $4.24/unit
Ø Steel dumping: safeguard duty is no solution, says CII chief
Ø Softness in global economy to extend into 2016, says IMF chief
Ø India jumps 16 places in WEF competitiveness ranking
Ø Jaiprakash Associates to sell wind power plants in Maharashtra, Gujarat
Ø HCL Tech revenue warning should curb irrational expectations
Ø Ratnagiri Gas to split LNG, Power businesses for restart
Ø State lenders Axis Bank, PNB, BoB, OBC cut base rate by up to 0.40%
Ø Toyota Motor clocks 11 pct growth in Jan-Sept 2015
Ø Fitch lowers GDP forecast to 7.5 pct for 2015-16
Ø Godrej Properties sells Mumbai office space to Abbott for Rs 1,480 cr
Ø Sensex closes 376 points up on upbeat global cues, Nifty at 7,949
Ø Gas price cut to $3.82; will dent govt revenues by Rs 800 cr
Ø Govt accounts show Rs 15,808 cr surplus
Ø Nippon Life to hike stake in life insurance, MF biz: Ambani
Ø Tax-free bonds witness price spike on bourses
Ø Rajan says not running for IMF chief's job: Report
Ø Pharma, tech funds top equity fund mart in Sept
Indian Adr/Gdr
Indian Adr/Gdr
Infy:+5.76%, Wit:+2.33%
Ttm:+3.16%, Rdy:+3.73%
Hdb:+1.61%, Ibn:+0.96%
SBID: -0.19%, RIGD:+1.43%
Market update
Sgx Nifty +29 pts
Dow +235.57 pts ,Nsdq +102.84 pts , S&P +35.94 pts ,Bovespa +925 pts, Ftse +152 pts , Dax +210 pts, Cac +111 pts, Nikkei +85 , now, Crude @ $45.31 brl (+0.22), Brent @ $48.37 (+0.08) , Gold @ $1114.60 (-0.70), Silver @ $14.50(-0.01), Euro @ $1.1172, JPY @ $119.8100, INR @ $65.5900
Wednesday, September 30, 2015
Market Update
Market Update:
Sgx Nifty +36 pts
Dow +47.24 pts ,Nsdq -26.65 pts , S&P +2.32 pts ,Bovespa +175 pts, Ftse -49 pts , Dax -33 pts, Cac -13 pts, Nikkei +334 , now, Crude @ $44.89 brl (-0.34), Brent @ $48.23 (+0.89) , Gold @ $1125.40 (-1.40), Silver @ $14.57(+0.00), Euro @ $1.1257, JPY @ $119.8800, INR @ $65.9550
Monday, September 28, 2015
Markets Today
Markets Today
The trend deciding level for the day is 7,856 levels.
If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,907 – 7,946 levels.
However, if NIFTY trades below 7,856 levels for the first half-an-hour of trade then it may correct towards 7,817 – 7,765 levels.
FII Activity
FII Activity
FIIs were net sellers in both cash market segment and in Index Futures. They sold equities to the tune of Rs. 115 crores and Index Futures of Rs. 632 with significant fall in OI due to expiry.
In Index Options, they bought in a big way of Rs. 3643 crores with fall OI. Being start of new series build-up is quite scattered. In call OI addition was seen in the range of 7800-8300 strikes and in put options was seen between 7400-7900 strikes. Maximum OI is seen in 8300 call and 7800 put options.
Rollover in Nifty is on the lower side at 61.22% and of BankNifty is one the higher side at 67.37%. We believe it is more of short that got rolled in October series. BankNifty has strong resistance at 17200- 17300 while 8150-8200 is a major resistance for Nifty. We don’t expect major upside in this market
News today
News
Ø Foreign investors get relief from controversial MAT
Ø Marriage of Regulators: FMC to merge with Sebi
Ø Mobiles to fall under separate category in revised IIP
Ø Lenders approve higher cost in 4 Lanco projects
Ø Russian traders want JV with Indian tea cos
Ø Maruti's agitating workers chalk out future strategy
Ø NALCO to invest over Rs 65K cr for new projects
Ø FIPB to take up 31 FDI proposals on Tuesday
Ø India will be $20-trillion economy: PM at Facebook event
Ø Rajeev Agarwal to oversee commodities at Sebi
Ø FPIs in selling mode, take out Rs 6,000 cr in Sept
Ø Top six cos take Rs 53,886 cr hit in market valuation
Ø MMTC to produce, market sovereign gold coins
Ø ICICI makes aggressive push in unsecured loans
Ø JPMorgan schemes to hive off Amtek holdings
Ø Liberty to raise stake in joint venture with Videocon to 49%
Ø SEBI steps up measures against SMS, social media scams
Ø India will play big part in driving technology forward: Pichai
Ø Lenders want Amtek promoters to inject some equity first
Ø Four SME IPOs to hit capital markets this week
Ø BSE gets shareholders’ nod to list its shares
Ø Moser Baer to focus on LED products, targets ₹500-cr market size in 3 years
Ø Govt to complete spectrum harmonisation by December end
Ø Xi Jinping pledges $2 billion for South-South cooperation
Ø Laid-off Ssangyong workers in Mumbai seeking reinstatement: Mahindra
Ø German transport authority asks Volkswagen to present car clean-up plan
Ø Narendra Modi shows keen interest in Tesla technology
Ø Modi invites Apple CEO Tim Cook to set up manufacturing base
Ø SAIL invests Rs 2,600 cr in Rourkela plant for hot rolled coils
Ø Qualcomm announces to invest $150 mn for Indian start-ups
Ø ITC aims Rs 18K cr revenue from agriculture business by ‘21
Ø US FDA revokes approval for Sun Pharma's seizure drug over compliance issues
Ø MFs go slow on debt investments in Sept
Ø Stamp duty may be scrapped on property transfers to Reits
Ø Farmers may get right to sell crop at benchmark
Ø Agri-commodities expect upside in medium term
Market Update
Market Update:
Sgx Nifty -18 pts (7877) Nifty Fut(7895)
Dow +113.35 pts ,Nsdq -47.98 pts , S&P -0.90 pts ,Bovespa -460 pts, Ftse +147 pts , Dax +260 pts, Cac +133 pts, Nikkei -222 , now, Crude @ $45.41 brl (-0.29), Brent @ $48.39 (-0.26) , Gold @ $1146.10 (+0.50), Silver @ $15.11 (0.00), Euro @ $1.1209, JPY @ $120.2900,
Thursday, September 24, 2015
FII Activity
FII Activity
FIIs continue selling in cash market segment; they sold to the tune of Rs. 1330 crores. In Index Futures they bought of Rs. 173 crores with rise in OI, suggesting fresh long formation in last trading session.
In Index Options front, they bought of Rs. 1463 crores with some rise in OI. In call options, we hardly saw meaningful OI addition, good amount of unwinding was seen in 7800 call option. On the other hand in put options, huge build-up was seen in the range of 7600-7750 put options, followed by significant unwinding in the money put strikes 7800-8200 put options. Maximum OI is seen in 8000 call and 7600 put options.
FII’s has been adding meaningful shorts in Index Futures in past few days and we believe they are forming these shorts in October series which suggests continuation of pain in market. We would stick to our view, that it’s a sell on rise market. Avoid forming fresh longs in Index.
Roll-over in Nifty and BankNifty is 49.87% & 49.17% respectively.
Markets Today
Markets Today
The trend deciding level for the day is 7,817 levels.
If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,911 – 7977 levels.
However, if NIFTY trades below 7,817 levels for the first half-an-hour of trade then it may correct towards 7,752 – 7,658 levels.
NIFTY Levels
Pivot - 7,658
Support - 7,752 7,817
Resistance - 7,911 7,977
Market Outlook
Market Outlook
Indian markets are expected to open flat tracking the SGX Nifty and Asian cues.
The US markets closed flat showing a lack of direction reflecting continued uncertainty about the outlook for U.S. monetary policy following last week's Federal Reserve decision.
European markets ended in the green led by bargain hunting at lower levels and improvement in market sentiment on account of rebound in shares of Volkswagen after 2 days of sharp declines.
Indian equities opened lower but recovered during the day on account of positive cues from Europe and comments from Chinese President Xi Jinping that a cheaper currency would not be used to boost exports.
News & Result Analysis
RBI eases overseas borrowing rules for domestic companies
Bajaj Auto quadricycle (RE60) receives certification under European WVTA regulations; can commence exports Refer detailed news analysis on the following page
Market Update
Market Update
Sgx Nifty -27 pts
Dow -50.58 pts ,Nsdq -3.98 pts , S&P -3.98 pts ,Bovespa -924 pts, Ftse +96pts , Dax +41 pts, Cac +4 pts, Nikkei -295 , now, Crude @ $44.77 brl (+0.29), Brent @ $47.95 (+0.20) , Gold @ $1130.90 (-1.10), Silver @ $14.79(0.00), Euro @ $1.1180, JPY @ $120.1900, INR @ $65.9875
Today News
News
Ø CIL may revise Rs 60K-cr capex: Coal India chief
Ø China, Europe & US data show bleak growth outlook
Ø Record response to NTPC's tax-free bonds at Rs 4,400 crore subscription
Ø Need to infuse more capital into ARCs : Ind-Ra
Ø Fitch threatens to downgrade Volkswagen over pollution scandal
Ø No progress for business in China without reform, says Xi
Ø RBI eases overseas borrowing rules for domestic companies
Ø L&T to sell assets, dilute stake in non-core businesses: Naik
Ø Small banks in Rs 4,000-cr fix to raise domestic funds
Ø Rural Electrification Corp to extend Rs 9K cr loan to Andhra
Ø Iran has offered natural gas to India at $2.95 per unit for urea plant, says Gadkari
Ø Flipkart confirms valuation at $15.2 billion
Ø Rating slashed to default for GMR's road project
Ø IEX stake: Financial Tech to shed more to five buyers
Ø Sterlite Technologies acquires Elitecore Technologies
Ø No need for regulating algo now: Jhunjhunwala
Ø CCI to conduct survey on healthcare sector
Ø Pfizer to sell vintage Thane plant to Vidhi Research for Rs. 178 crore
Ø Nestle signs deal with biotech firm to develop Alzheimer's test
Ø India’s spending on IT may rise over 5% to $6.88 bn this year: Gartner
Ø Govt panel finds no evidence of data manipulation at GVK Biosciences
Ø Lenders take over Visa Steel under SDR rules
Ø Etihad to buy bonds to help Jet Airways recast debt
Ø L&T opts out of GAIL tender to build LNG carriers locally
Ø Apollo International, Lycos form e-commerce JV
Ø Sensex closes 171 points up on value buying, Nifty settles at 7,846
Ø China's pain can't be India's gain: Chinese media
Ø Monsoon deficiency has dropped by 3 per cent: IMD
Ø Pharma companies growth may remain moderate in Q2: BofA-ML
Ø Ajanta Pharma to replace Aditya Birla Nuvo on Nifty Midcap 50
Ø TRAI to firm up position on net neutrality soon
Ø Sahara's Plaza world's top-ranked hotel for super-rich
Ø Asian business sentiment crumbles on China shock
Ø SKS Micro lowers rate by 1.25% for new disbursals
Ø Balmer Lawrie lines up Rs 400 crore capex
Ø Restrictions on stocking pulses, edible oils extendedMarket Update:
Tuesday, September 22, 2015
Business Line
Business Line
Ø Ricoh looking at Digital India projects to drive revenue growth
Ø Air India inaugurates Airbus A-320 training for external pilots
Ø After 10 years, MakeMyTrip turns to hotels, packages to drive growth
Ø Defamation suit against website: HC stays Rs. 50-lakh penalty on NSE
Ø Google aims to make India a hub for app development
Ø Amtek Auto fails to meet bond redemption deadline
Ø Aditya Birla Minerals to sell Australia copper mine to Lighthouse Minerals
Ø Power Grid gets shareholders nod to raise Rs14,000 crore in FY17
Ø OVL chasing $712 million in dues from foreign govts
Financial Chronicle
Financial Chronicle
Ø GE says no to Nuclear-power plants in India, cites liability risks
Ø Give govt access to Whatsapp messages, emails: Draft National Encryption Policy
Ø Black money: Declare foreign assets by Sep 30 or face consequences, says FinMin
Ø Sensex ends flat to settle at 26,193; Nifty closes at 7,977
Ø RBI may cut policy rate by 25 bps on Sep 29: Report
Ø US-based healthcare tech company to invest `750 cr
Ø Domestic MFs have got $18b of inflows in 1 year: Sikka
Ø Indian IT cos among world's worst paymasters
Ø Centre will no longer bail out defaulting discoms
Economic Times
Economic Times
Business Standard
Ø Infy bags Rs 1,320cr contract to build GST Network
Ø India's Ashok Leyland plans to list financing arm
Ø Oil prices up 2 per cent after US drilling falls
Ø Enhanced southwest monsoon to bring good rains: IMD
Ø Adani eyes 20% growth in Rs 20K crore agro biz
Ø Declare foreign asset by September 30 or face consequences: Finance Ministry
Ø Bain Capital acquires 10% stake in L&T Fin for Rs 1370 cr
Ø LIC big market player, not only to bailout divestment: FM
Ø Call drop issue: Bharti Airtel moves all prepaid users to per-second plan
Ø Govt considers FDI cap hike in DTH, cable networks; Dish TV up 4.5%
Ø Godrej & Boyce aims at Rs 10,000 cr turnover this year
Ø Corporate tax exemptions phase-out may end MAT
Market Update
Market Update:
Sgx Nifty +2 pts
Dow +125.61pts ,Nsdq +1.73 pts , S&P +8.93 pts ,Bovespa -673 pts, Ftse +4 pts , Dax +32 pts, Cac +49 pts, Nikkei Cls , now, Crude @ $46.22 brl (-0.46), Brent @ $48.57 (-0.35) , Gold @ $1131.90 (-0.90), Silver @ $15.18(-0.04), Euro @ $1.1194, JPY @ $120.4000, INR @ $65.7388
Monday, September 21, 2015
market segment
Friday, FIIs were net buyer in both cash market segment and in Index Futures. They bought equities to the tune of Rs. 643 crores and Index Futures of Rs. 470 with good amount of rise in OI, suggesting mix of long and short formation in last trading session.
In Index Options front, they bought significantly of Rs. 2858 crores with some fall in OI. In call options, we hardly witness any fresh OI build-up, meaningful unwinding was seen in the range of 7800-8300 call options. While in put options, 7900 & 8000 strike added decent OI, followed by unwinding in out the money put strikes. Maximum OI is seen in 8200 call and 7500 put options.
Surprisingly, we saw buying figure in cash and Index Futures in last trading session. In Index futures mixed positions were formed, while in options, we saw FIIs covering their shorts formed in call options. Fresh put buying was also visible. We suggest avoid forming longs in Nifty till we see continuation of meaningful buying.
Economic Times
Economic Times
Business Standard
Ø Resolution of pending tax disputes in works: FM
Ø Better return on investment in India: FM
Ø Companies Act to be fully implemented by Mar 2016
Ø India's merchandise exports slide as commodity prices dip
Ø BPCL set to start work on Rs 5k-cr complex in Kochi
Ø Govt examining oil cos' demand to lower cess
Ø Ambanis unite against GSM rivals' proposals to DoT
Ø PSUs' capex down 24% in 2014-15
Ø Petrol, diesel contribute Rs 30,000 cr addl excise in Apr-Aug
Ø Rates should come down, but RBI final authority: Jaitley
Ø BSE eyes 10 times faster trading speed in next few months
Ø SFIO report on Kingfisher Airlines at least 6 months away
Ø Govt may raise FDI cap to 100% in DTH, cable networks
Ø PowerGrid to set up lines to link solar parks with ISTS
Business Line
Mint
Ø Steel makers build case for anti-dumping duties on imports
Ø Jaitley seeks foreign investments for infra, other sectors
Ø Registered research analysts rises to 121 as of July: SEBI
Ø Stanchart revises FY16 CAD forecast to 1.5% of GDP
Ø Fortis to use drones to transport organs
Ø Xander to acquire distressed assets
Ø Bad loans: IDFC gets RBI nod for using Rs.2,500 cr reserve as provision
Ø Sun Pharma sells Ranbaxy divisions to Strides Arcolab for Rs165 crore
Ø Govt policy on spectrum trading, sharing could boost service quality
Ø DLF to open Rs300-crore Emporio Mall in Delhi by May 2016
Ø NTPC gets shareholders nod to raise Rs.5,000 cr
Financial Express
Financial Chronicle
Ø Sebi widens black money probe; offshore arbitrage under regulator's lens
Ø Delhi power gencos charging 50% more than the NTPC’s rate: Tata Power
Ø In real distress, developers join forces to get projects off ground
Ø Top 10 BSE Sensex companies add Rs 74,521 cr in market cap
Ø $4b Indian cyber security segment is expected to grow
Ø A divided Fed pits world's woes against domestic growth
Ø India insulated from economic fallout, says Jaitley
Ø Top 10 Sensex cos add Rs 74,521 cr in market cap
Ø SBI expects less slippages, asset quality improvement
Market Update
Market Update:
Sgx Nifty -56 pts from Nifty fut(7896)
Dow -290.16pts ,Nsdq -66.72 pts , S&P-32.17 pts ,Bovespa -1290 pts, Ftse -82 pts , Dax -313 pts, Cac -119 pts, Nikkei Cls , now, Crude @ $44.93 brl (+0.23), Brent @ $47.62 (+0.15) , Gold @ $1136.50 (-1.30), Silver @ $15.15(-0.01), Euro @ $1.1304, JPY @ $119.8200, INR @ $65.6738
Friday, September 18, 2015
Buy ONGC
Buy ONGC
The stock has corrected significantly in the last few months and has reached around its support area of 215 – 220 zone in the monthly chart. While, on the weekly chart, we are observing a formation of a bullish harmonic pattern called ‘Bullish Bat’ pattern, whose Potential Reversal Zone (PRZ) is placed at 220 – 226 levels. On oscillator front, the ‘RSI- smoothened’ is giving positive crossover with its average from the oversold territory in the daily chart, indicating reversal on cards. Looking at the current chart structure, we advise traders to buy this stock at current levels and on declines to ` 232 for a target of ` 252 in coming 14 to 21 trading sessions. The stop loss for this trade set up can be kept at ` 224.
trend deciding level
The trend deciding level for the day is 7,889 levels.
If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,924 – 7,949 levels.
However, if NIFTY trades below 7,889 levels for the first half-an-hour of trade then it may correct towards 7,864 – 7,828 levels.
cash market segment
Wednesday, FIIs were net sellers in cash market segment to the tune of Rs. 337 crores. They sold Index Futures marginally with fall in OI, suggesting mix of long unwinding and short covering in last trading session.
In Index Options front, they were net sellers of Rs. 287 crores with marginal change in OI. In call options we saw build-up in 7800 and 8200 strikes, followed by unwinding in 8000 & 8300 call options. While in put options, 7800 strike added good amount of OI, some build-up was also visible in 7500 & 7900 put option. Maximum OI is seen in 8200 call and 7800 put options.
We continue to see meaningful selling in equities by bigger hands. Even though Nifty gave a decent bounce, we are hardly witnessing any substantial buying interest in Nifty. We still believe it’s a sell on rise market; 7900-8000 is an immediate resistance for Nifty.
Financial Express
Financial Express
Financial Chronicle
Ø Goldman Sachs chief 'would not invest in China'
Ø Infra projects remain under stress as funds fall short
Ø GMR Energy gets gas for two power plants in Andhra Pradesh
Ø Kishore Biyani says getting harder to do biz, rues ever-rising permits
Ø GAIL re-floats $7 billion tender to hire LNG ships
Ø Govt mulls raising FDI limit in private banks to 100%
Ø NHAI allows 2 developers to divest stake in TN project
Ø India all set to witness a wearable tech explosion
Ø MMTC to help Goa mine operators sell iron ore
Ø L&T to build Rs 1,700-cr Bangladesh power plant
Business Line
Business Line
Mint
Ø US current account narrows sharply in second quarter
Ø Private equity deals worth $1.7 bn sealed in August: Thornton
Ø CAD to be around 1.5% of GDP this fiscal: RBI
Ø Emerging markets with limited forex at higher risk to US rate hike: Moody’s
Ø Govt may raise cap on equity investments by state PF to 15%
Ø Labourers clash at RIL colony in Jamnagar
Ø ONGC expects a correction in oil prices
Ø SABMiller and AB InBev merger likely to lift spirits at India units
Ø Blackstone buys Serco’s India BPO operations for Rs2,558 crore
Ø Sun Pharmaceutical eyes InSite Vision’s research portfolio
Ø Mahindra Auto Steel opens new factory near Pune
Economic Times
Economic Times
Business Standard
Ø Fed holds rates steady on global economic weakness
Ø India's ranking slips further in Global Innovation Index 2015
Ø Worries over global growth weigh as US Fed mulls rate hike
Ø US jobless claims at 8-week low; housing starts fall
Ø Emerging central banks step in to curb currency falls
Ø Government notifies miners contribution to District Mineral Foundation
Ø Pvt placement of debts doubled, capex remains limited
Ø Carrot & stick approach for sick power discoms
Ø Sustained low inflation to cut cost of capital: RBI deputy governor
Ø Hero Cycles acquires Firefox Bikes in all-cash transaction
Ø Govt will 'put to sleep' pending tax disputes: FM
Ø Commodity brokers urge Sebi to exempt transaction fee, charges
Ø BPCL may import Ethane from US for its petchem unit
Market Update
Market Update:
Sgx Nifty +62 pts from Nifty fut(7896)
Dow -65.21pts ,Nsdq +4.71 pts , S&P-5.11 pts ,Bovespa -2 pts, Ftse -42 pts , Dax +2 pts, Cac +9 pts, Nikkei -192 pts , now, Crude @ $46.77 brl (-0.13), Brent @ $49.08 (-0.66) , Gold @ $1130.50 (+13.50), Silver @ $15.12(+0.14), Euro @ $1.1417, JPY @ $119.8800, INR @ $66.4000
Wednesday, September 16, 2015
NIFTY trades
The trend deciding level for the day is 7,836 levels.
If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 7,873 – 7,917 levels.
However, if NIFTY trades below 7,836 levels for the first half-an-hour of trade then it may correct towards 7,793 – 7,756 levels.
market segment
Yesterday FIIs were net sellers in cash market segment to the tune of Rs. 910 crores. They bought Index Futures of Rs. 257 crores with rise in OI, suggesting some fresh long formation in last trading session.
In Index Options front, they were net sellers of Rs. 1721 crores with marginal change in OI. In call options we saw build-up in 7800 and 8100 strikes, followed by unwinding in 8500 call options. While in put options, we hardly saw any strike adding reasonable OI, some unwinding was visible in 8000 put option. Maximum OI is seen in 8000 call and 7500 put options.
We continue to see meaningful selling in equities by bigger hands. Even though Nifty gave a decent bounce, we are hardly witnessing any substantial buying interest in Nifty. We still believe it’s a sell on rise market; 7900-7950 is an immediate resistance for Nifty.
Economic Times
Economic Times
Business Standard
Ø RBI base rate calculation norms may help monetary policy: ICRA
Ø Govt to pump Rs 70,000 cr in replacing old power units
Ø 9 biggest banks to form blockchain partnership
Ø Advance tax from steel, banking sectors registers fall
Ø Trade data: Exports fall 20.7 per cent y/y in August
Ø Fed meets, decision on rate hike seems like a toss-up
Ø SFIO probes fund diversions by Kingfisher Airlines
Ø Tata front runner for GE Capital's stake in SBI Cards
Ø China falls drag world stocks back into red
Ø India's FX reserves loss in August fourth highest among EMs
Ø Everstone closes its third private equity fund at $730 million
Ø Suvidhaa acquires mobile PoS platform AasaanPay
Ø ONGC to complete 12 projects worth Rs 13K cr by May 2016
Ø Orchid Pharma to convert rupee term loans to foreign currency loans
Business Line
Mint
Ø To check bad loans, RBI for cap on lenders in a consortium
Ø Industry body urges Centre to re-define MSMEs
Ø Fertiliser cos see good sales growth in Kharif season
Ø Corporate agents can now sell policies of up to 3 insurers
Ø Modi asks Sri Lankan PM to support Indian investments in infra, energy
Ø Biocon opens new facility to make insulin devices in India
Ø NPAs grew faster than bank credit during 2011-15: RBI
Ø Infosys to announce Q2 results on 12 October
Ø Sebi asks MFs to explain corporate bond investments
Ø IDFC Alternatives to buy operational road projects
Ø Finance ministry falls short on promised contribution to EPS
Ø India acquiring energy assets through the oil price roller coaster
Financial Express
Financial Chronicle
Ø Sensex ends 151 pts down on caution ahead of US Fed meet, Nifty settles at 7,829
Ø Expecting quick reforms in India unrealistic: US official
Ø Reliance Jio launches unlimited free wi-fi at select places in Mumbai
Ø Govt cuts import tariff on gold, silver
Ø India home to 1.98 lakh millionaires; 11th largest globally
Ø Govt looks to settle `3L cr combined discom debts
Ø Vedanta-Cairn India merger gets go ahead from bourses
Ø ING merger will boost Kotak Life’s bancassurance business
Ø IOC to invest Rs 1.75 trillion over 7 years
Ø TAM acquires Thai electronics brand Abaz World
Ø FIs allowed to invest through partly paid share
Market Update
Market Update:
Sgx Nifty +83 pts
Dow +228.89pts ,Nsdq +54.76 pts , S&P+25.06 pts ,Bovespa +88 pts, Ftse +53 pts , Dax +56 pts, Cac +51 pts, Nikkei +139 pts , now, Crude @ $45.01brl (+0.42), Brent @ $46.63 (+0.26) , Gold @ $1104.40 (+1.80), Silver @ $14.37(+0.04), Euro @ $1.1278, JPY @ $120.3100, INR @ $66.3638
Monday, September 14, 2015
Market Update
Market Update:
Sgx Nifty +55 pts
Dow +103 pts ,Nsdq +39.72 pts , S&P +10.25 pts ,Bovespa -153 pts, Ftse -37 pts , Dax -92 pts, Cac -68 pts, Nikkei -9 pts , now, Crude @ $44.82brl (-0.20), Brent @ $48.23 (+0.08) , Gold @ $1104.60 (+1.30), Silver @ $14.6
51(+0.05), Euro @ $1.1344, JPY @ $120.7100, INR @ $66.5412
Tuesday, August 11, 2015
11-Aug: Prov Cash: Rs.crs
11-Aug: Prov Cash: Rs.crs:
FIIs: -736.81 (3488.91-4225.72)
DIIs: +130.74 (1510.87-1380.13)
Cash Vol: 21361 vs 19474, +10%
F&O Vol: 223320 vs 178162, +25%
FII F&O Stats as on 11 Aug'15(Rs in crs)
Total BUY : + 278
Index Future : - 858
Index Option : + 1257
Stock Future : - 91
Stock Option : - 31
Agri Commodities
Agri Commodities
· SELL NCDEX CHANA SEPT AT 4470 - 4475, SL - 4810, TARGET - 4410(CMP - 4470)
· SELL NCDEX COCUDAKL SEPT AT 1936 - 1940, SL - 1960, TARGET - 1910(CMP - 1936)
· SELL NCDEX RMSEED SEPT AT 4123 - 4128, SL - 4160, TARGET - 4070(CMP - 4123)
Morning Commodities
Morning Commodities Recommendations
International Commodities
· BUY MCX GOLD OCT AT 25105 - 25115, SL - 25033, TARGET - 25230 (CMP - 25113)
· BUY MCX NATURAL GAS AUG AT 181.20 - 181.70, SL - 178, TARGET - 185(CMP - 181.70)
· SELL MCX COPPER AUG AT 337.50 - 338.50, SL - 341.50, TARGET - 334 (CMP - 337.45)
Buy ITC
Buy ITC at 317-315 Target 340, Stop Loss 304 (14-21 Sessions)
This stock has been a laggard since past few months. After a sharp fall from the all time high of `402.62 post the Union Budget; this stock consolidated within a range of `320 – `290 for quite some time. Last week, we observed a first sign of strength as the stock prices confirmed a ‘Higher Top Higher Bottom’ formation on the daily chart for the first time in past few months. This can also be termed as a breakout from the ‘Multiple Resistance Zone’ of `322 on a closing basis. Due to lack of follow up buying interest, the stock prices have given a pull back towards the breakout point. But, going forward, we expect this momentum continue over the next few trading sessions.
STOCK OPTION STRATEGY
STOCK OPTION STRATEGY: BUY SBI AUG 300CE @ 5 & 275 PE @ 4.50. TOTAL PREMIUM 9-10. SL 4 TGT 30
Topay's Key Result 11th Aug
Topay's Key Result
11th Aug
Tata Steel(Cog Cons Est Net -438cr -229% Yoy Res Time-After Mkt)
SBI(Cog Est Net 3507cr +5% Yoy Res Tim-During Mkt)
Sun Pharma(Cog Cons Est Net 1304cr -6% Yoy Res Time-After Mkt)
BOSCH(Cog Est Net 293cr -4% Yoy Res Time-During Mkt)
NMDC(Cog Est Net 1097cr -43% Yoy Res Time-After Mkt)
Adani Ent,Aksh Opti,Ansal Prop,Apollo Hosp,Apollo Tyre,Aries Agro,Asian Oil,Aurionpro Sol,Deccan Cem,Ginni Fila,Gofrej Inds,Gnfc,Harr Malay, Hathway Cab,Hind Cop, HPCL,IFCI,Jai Corp,Jbf Inds,Jubliant Life,Kabra Extru,Mafatlal Inds,Prem Explo,Rajapalaya Mill,Rel Power,Supra Eng,Suryajyoti Spin,Tata Inv,Vindhya Tele, Vst Till,West Coast Pap
Economic Times
Economic Times
Business Standard
Ø Govt may not link gold monetisation scheme with CRR
Ø Govt to announce new gas price formula: Oil Minister
Ø Government approves 17,000-crore highways upgradation projects
Ø Rlys arm to issue Rs 6,000 cr tax-free bonds
Ø Govt bonds over-subscribed; FIIs pump in Rs 974 cr
Ø Foxconn's decision to invest in India ruffles Chinese media
Ø ABD calls off buyout talks with Tilaknagar Industries
Ø Govt lists GST Bill for passage in Rajya Sabha today
Ø Centre set to seek Rs 426 cr in damages from Nestle
Ø Asset quality pressures to continue for a few more quarters
Ø RBI intervenes more through forwards in foreign exchange market
Ø Indonesia urges US Fed to hurry up and raise interest rates
Ø Back to the future: Nokia prepares for mobile comeback
Ø Govt caps kerosene subsidy at Rs 12/ltr, LPG at Rs 18/kg
Business Line
Mint
Ø Greece, creditors ‘close’ to deal on third bailout
Ø Poland woos Indian firms to set up manufacturing facilities
Ø Vedanta resumes mining operations in Goa after 3 years
Ø Persuading States for single tax structure on bio-fuels: Oil Min
Ø State Bank, Sun Pharma, Tata Steel results today
Ø Chambal Fertilisers’ net jumps 81% on higher sales
Ø Wockhardt’s profitability rises in Q1 but US FDA’s go-ahead remains critical
Ø Shapoorji Pallonji raises Rs.2,610 crore in largest infra refinancing deal
Ø Videocon to roll out 4G mobile services by year end
Ø Lanco lenders to acquire Teesta Hydro Power by converting debt to equity
Ø J&K Bank Q1 profit rises 22%
Financial Express
Financial Chronicle
Ø Sensex ends 135 points on GST worries, ONGC top loser
Ø Recovery in corporate earnings several quarters away
Ø Airtel reduces prices for new broadband customers by up to 30%
Ø Adani Ports Q1 net profit up 13 per cent at Rs 641 crores
Ø FPIs go slow on corp bonds, await gilt limit hike
Ø Gujarat's all 4 discoms get A+ rating for 2013-14
Ø Sadbhav Engineering bags Rs 1,557-cr projects from NHAI
Ø Japan marks biggest H1 gain in current account surplus since 2010
Ø New premium gas pricing policy for deepwater blocks soon
FII Activity & Nifty View
FII Activity & Nifty View
Yesterday, FII’s activity in cash market segment was subdued. While in Index Futures they were net buyers of worth Rs.613 crores with rise in open interest. This suggest FII’s did not participated in last half an hours fall in Nifty, in fact they formed fresh longs in Index Futures in last trading session.
In Index Options front they bought to the tune of Rs.633 crores with rise in open interest. In call options, 8700 strike added good amount build-up, which is long position formed by FIIs. On the other hand in put options, we hardly saw any fresh build-up. Some unwinding was seen in 8200 and 8400 put options. Maximum open interest is seen in 8800 call and 8200 put options.
Seeing the above data, we believe Nifty may remain strong, as FIIs continue to form longs. We suggest to trade with positive bias in Nifty till we see any relevant changes.
Indian Adr/Gdr
Indian Adr/Gdr
Infy:+0.91%, Wit:+0.64%
Ttm:+1.17%, Rdy:+0.70%
Hdb:+0.06%, Ibn:+0.30%
SBID: -0.11%, RIGD: -0.23%
Yoy
Market Update
Market Update:
Sgx Nifty +28 pts
Dow +241.79 pts ,Nsdq +58.25 pts , S&P +26.71 pts ,Bovespa +775 pts, Ftse +17 pts , Dax +113 pts, Cac +40 pts, Nikkei +107 pts , now, Crude @ $44.77/brl (-0.19), Brent @ $50.09 (-0.32) , Gold @ $1104.60 (+0.50), Silver @ $15.25 (-0.04), Euro @ $1.1019, JPY @ $124.6200,
Friday, August 7, 2015
Business Line
Economic Times
Business Standard
Ø Fin ministry to seek cabinet nod for monetary policy panel
Ø Govt working on new coal scheme to aid sick discoms
Ø Sebi seeks to step up scrutiny of managers: Sources
Ø China has spent $147 bn to prop up stocks: Goldman
Ø Govt approves proposal to divest NTPC, NHPC stake
Ø Govt to set up special notified zone for diamond trade
Ø Crisil downgrades Vedanta by one notch to 'AA'
Ø Commerce Ministry allows bulk export of rice bran oil
Ø Private players cry foul over 'unfair' project allotment to BHEL
Ø EPFO makes stock market debut through SBI MF
Ø Reserving mines for OMC to hurt mineral development: Experts
Ø Airtel launches 4G services nationally ahead of Jio
Ø ADAG, Maharashtra govt set for a showdown over Mumbai Metro
Ø Odisha govt to engage SBI Caps, MSTC for mine auctions
Ø Srei Infra plans to scale up acquisition of stressed infra projects
Business Line
Mint
Ø NSE lists SBI MF’s Nifty ETF for trade
Ø Mozambique eager to build cooperation in agriculture, infrastructure
Ø Lok Sabha passes Negotiable Instruments (amendment) Bill
Ø RBS raises $3.1 billion through issue of contingent convertible bonds
Ø Another blow for Adani in Australia as bank ends adviser role
Ø Motherson Sumi net profit jumps 62%
Ø Aviva Investors opposes Vedanta takeover bid for Cairn India
Ø Oil trades close to multi-month lows, Brent below $50
Ø US Fed rate hike in sight, but bond markets are quiet
Ø Dr. Reddy’s plans more R&D alliances with foreign firms
Ø Jharkhand govt stalls Tata Steel’s iron ore disptaches from Noamundi mine
Ø Practo raises $90 million from China’s Tencent, others
Financial Express
Financial Chronicle
Ø Nomura pegs GDP growth at 8% in FY16; Sensex at 33,500 by December
Ø India defers FTA talks after EU bans 700 pharma products of GVK Bio
Ø FIIs trim stake in 41 Nifty stocks
Ø Jet Airways chairman pitches for reducing aviation fuel prices
Ø SRF Records 22% Jump in Consolidated PAT at Rs.113 Crore
Ø Rolta bags $15 mn smartcity project in Middle East
Ø Govt mulls surplus sugar export via barter trade
Ø Aviva to hike stake to 49 pc in Indian insurance JV
Ø Govt capital infusion in PSBs credit positive: Moody's
Ø IRDAI to announce bancassurance norms in three weeks
Ø Bajaj Electricals net rises over three-fold at Rs 20.34 crore
Ø Tata Global Beverages reports lower profit
Market Update
Market Update:
Sgx Nifty -35 pts
Dow -120.72 pts ,Nsdq -83.50 pts , S&P -16.23 pts ,Bovespa -275 pts, Ftse -5 pts , Dax -51 pts, Cac -4 pts, Nikkei -35 pts , now, Crude @ $47.79/brl (+0.13), Brent @ $49.63 (+0.11) , Gold @ $1088.60 (-1.50), Silver @ $14.61 (-0.07), Euro @ $1.0930, JPY @ $124.7100, INR @ $63.7650
Topay's Key Result 7th Aug
Topay's Key Result
7th Aug
Bhel(Cog Est Net 194cr -78% Qoq Res Time-During Mkt)
Grasim(Cog Cons Est Net 488cr -4% Qoq Res Time-After Mkt)
M&M(Cog Est Net 745cr -16% Yoy Res Time-During Mkt)
Tata Motors(Cog Cons Est Net 3650cr -32% Yoy Res Time-After Mkt)
Allsec Tech,Amforge Inds, Apar Inds,Aptech,Corp Bank, Cox&King,Dalmia Sug,D-link,Eih Asso,Finolex Inds, Future Retail,Gateway Dist, Gspl,Gulf Oil,Jindal Stainless,MT Educare, Nagar Agri,Neyvile Lig, Ramkrishna Forge, Ratnamani Metal,Repco Home,Rubfila Int,REC, Shilpa Medi,Sunil Hitech, Take Sol,Ttk Health,Uttam Value Steel, Xchanging Sol,Zee Media
Thursday, August 6, 2015
Indian Adr/Gdr
Indian Adr/Gdr
Infy:+2.66%, Wit:+3.43%
Ttm:+1.25%, Rdy:+2.54%
Hdb:+0.19%, Ibn: -0.29%
SBID: 0.00%, RIGD:-0.40%
Key Result 6th Aug
Topay's Key Result
6th Aug
Aarti Inds,Arvind,Bajaj Elect,Banco,,Bombay Dying,Claris Life,Control Print, Cummins Ind,Deepak Spin, Escorts,Fortis Health, Gareware Poly,Jp Power,Mang Chem, Motherson Sumi, Omaxe, Ofss,Pbm Poly, Piramal Ent,Praj Inds, Srf Ltd, Sundaram Brake, Talwarkar's,Tata Global,Trent, Tulip Star
Market Update
Market Update:
Sgx Nifty +5 pts
Dow -10.22 pts ,Nsdq +34.40 pts , S&P +6.52 pts ,Bovespa +228 pts, Ftse +65 pts , Dax +180 pts, Cac +84 pts, Nikkei +164 pts , now, Crude @ $45.22/brl (+0.07), Brent @ $49.74 (+0.15) , Gold @ $1083.90 (-1.70), Silver @ $14.56 (+0.01), Euro @ $1.0915, JPY @ $124.8200, INR @ $63.7550
Wednesday, August 5, 2015
5-Aug: Prov Cash FII,DII
5-Aug: Prov Cash: Rs.crs:
FIIs: +447.90 (4586.69-4138.79)
DIIs: -189.11 (1364.60-1553.71)
Cash Vol: 24906 vs 26482, -6%
F&O Vol: 157957 vs 244754, -35%
Buy Voltas
Buy Voltas at 322-320 Target 348 Stop Loss 308 (14-21 Sessions)
We have seen a stupendous rally in this stock from the September 2013 low of `61.51. Last month, this stock posted a new all time high of `357.36 and since then has been undergoing a medium term consolidation phase. Recently, the stock has given a decent bounce after taking a strong support around its daily ’89-EMA’ level of `305; which we expect to act as a sheet anchor in the near term. This support zone coincides with the 50% Fibonacci retracement level of the recent up move from `256.43 to `357.36. Considering the positive placement of the momentum oscillators along with the continuation of a higher degree up trend, we expect this stock to give a decent up move in the near term.
FII Activity & View
FII Activity & View
Yesterday, FII's were net buyer in cash market, where they bought equity of worth Rs. 119 crores. Whereas, they sold index futures worth Rs 231 crores with marginal rise in open interest, suggesting combination of both short positions and long unwinding.
In Index options front, FIIs were net buyer of Rs. 605 crores with rise in open interest. We saw decent amount of buildup in 8600 to 8800 call options. Whereas, in put options, 8100 to 8300 strikes added considerable amount of open interest. We have also witnessed decent built up in 8500 Put option. Maximum buildup in current series in seen in 8800 call and 8200 put options.
Economic Business
Economic Times
Business Standard
Ø Rajan warns of action against banks hiding NPA nos
Ø Oil price unlikely to recover as Saudi refining hits market
Ø FSSAI-approved lab finds Maggi noodles safe
Ø Adani to announce JV worth $5 bn with Foxconn
Ø No decision yet on Cairn-Vedanta deal: UIICL
Ø I-T Dept searches 20 premises of Claris Lifesciences
Ø RBI leaves repo rate unchanged at 7.25%
Ø RBI, govt in talks on medium term framework for FPI limit in debt
Ø Klesch Group drops plans to buy out Tata Steel unit
Ø Coal imports drop by 11% to 19 MT tn in July
Ø UK takes 1 billion pounds hit in RBS sell-off
Ø AIG profit beats estimates, boosts buyback by $5 billion
Business Line
Mint
Ø RBI Governor bats for shifting veto power to monetary policy committee
Ø Bharti Airtel Q1 net up at Rs 1,554 cr
Ø US restores duty benefits to Indian exporters
Ø No plan to hike duty on petroleum products: Pradhan
Ø Over 3,500 tonnes plastic waste generated daily
Ø FinMin moves Cabinet note on gold monetisation scheme
Ø Govt may raise Rs40,000 crore via bonds from LIC
Ø Thomson re-entering India market after 11 years
Ø Sunteck Realty keen to buy distressed assets from rivals
Ø Jay Shree Tea to sell sugar and fertilizer businesses
Ø Sony to start manufacturing Bravia TVs in Tamil Nadu
Ø Birla in talks with PE firms to sell insulator unit
Financial Express
Financial Chronicle
Ø Monsoon, US Federal Reserve impact next trigger for rate cuts: Moody's
Ø Govt mulls selling 3 per cent stake in GAIL to raise Rs 1,800 crore
Ø Reliance MediaWorks concludes multiplex sale, debt cut by Rs 700 crore
Ø Steel shares jump on likely import duty hike
Ø Vedanta Resources bets on India for future growth
Ø Rajan links more easing to lower bank rates, monsoon, inflation
Ø RBI may cut interest rates before next policy: Rajan
Ø CCI charges SMTB with violating competition norms
Ø SC defers hearing, FIIs wait gets longer on MAT clarity
Ø China footwear biz shrinks, India gets a foot in the door
Ø Arcelor Mittal expects India to be active on M&A in steel, mine
Market Update
Market Update:
Sgx Nifty +3 pts
Dow -47.51 pts ,Nsdq -9.84 pts , S&P -4.72 pts ,Bovespa -79 pts, Ftse -2 pts , Dax +12 pts, Cac -8 pts, Nikkei -2 pts , now, Crude @ $45.89/brl (+0.15), Brent @ $50.12 (+0.13) , Gold @ $1086.00 (-4.70), Silver @ $14.53 (-0.03), Euro @ $1.0874, JPY @ $124.3200, INR @ $63.7525
Topay's Key Result 5th Aug
Topay's Key Result
5th Aug
Accelya Kale,Asahi India, Auto Axles,Bata India, Bengal&Assam,Bombay Burmah,Brigade Ent,Camlin Fine,Can Bank,Deepak Fert,Fdc,Glaxo Smith Cons,IGL,Jb Chem,Marico, Mercator,Mah Seam,Manali Petro,Nahar Spin,Ndtv, Parshvanath Dev,Prism Cem,Ptc Ind,Shree Cem,Siemens,Snowman Log,Sonata Soft,Stampede Cap,Tata Chem,Tree House,Uflex,Vardhman Tex
Tuesday, August 4, 2015
weekly charts
On weekly charts, the prices are trading near the lower end of a long term trendline support. In last one year, prices have formed a complex corrective pattern and the wave counts indicate end of a corrective leg near the recent lows. Prices in last few days have been consolidating in a narrow range and breakout from the consolidation zone could lead to sharp pullback. Looking at above evidences, we believe the stock could move higher and retrace the recent corrective leg.
FII Activity & Nifty View
FII Activity & Nifty View :
Yesterday, FII's were net buyers in cash market of worth Rs. 350 crores. Whereas, in Index Futures, their activity was quite, they sold of Rs 188 crores with fall in open interest, suggesting long unwinding in last trading session.
In Index options front, FIIs were net buyer of Rs. 588 crores with rise in open interest. PCR-OI increased with rise in IV’s which indicates buying in
put options. We saw decent amount of buildup in deep out the money call options of 9000 strike. Whereas, in put options, 8200 and 8500 strikes added some open interest. Maximum buildup in current series in seen in 9000 call and 8200 put
options.
Seeing the overall data, we believe Nifty may strengthen from current levels, as too many long are in system. We are hardly seeing selling in Index Futures, in fact FII’s had formed reasonable fresh longs last week. We suggest to trade with positive
bias in market.
Market update
Market Update:
Sgx Nifty -6 pts
Dow -91.66 pts ,Nsdq -12.90 pts , S&P -5.80 pts ,Bovespa -726 pts, Ftse -7 pts , Dax +134 pts, Cac +37 pts, Nikkei -51 pts , now, Crude @ $45.47/brl (+0.30), Brent @ $49.87 (+0.35) , Gold @ $1083.00 (-6.40), Silver @ $14.44 (-0.07), Euro @ $1.0935, JPY @ $124.0700, INR @ $64.0437
Indian Adr/Gdr
Infy:+0.30%, Wit: -0.73%
Ttm:+0.07%, Rdy:+1.32%
Hdb:+0.80%, Ibn:+3.08%
SBID:+7.84%, RIGD:+0.05%
Topay's Key Result
4th Aug
Bharti Artl(Cog Cons Est Net 1401cr +26% Yoy Res Time-After Mkt)
Astra Zen,Britania,Capital First,Dion Global,Eid Parry,EIH ltd,Future Life, Godrej Prop,Grindwell Nort,Hexaware, Hinduja Ven,Jayshree Tea,Jk Tyre,Kesar Ent,MM Forg,M ultibase,Noida Toll, Peninsula Land,Sundaram Clay,Tamil Petro,Torrent Pow,Tv Today
Today's Data Alert
4th Aug
Rbi Monetary Policy
Exp Interest Rate - Unchanged
srcs Cogencis
Monday, August 3, 2015
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