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

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
 

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
 ‎

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

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

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,

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