Today's Key Result
20th Oct
ACC ( Cog Cons Est Net 153Cr -20%Yoy Time-After mkt)
Hero Motoco( Cog Est Net 729cr -4% Yoy Time-After mkt)
Adani Trans,Aro Granite,Bajaj Finance,Bajaj Finserv,Basf,Bayer Crop,Biocon,Canfin Home,Cont Corp,Dewan Hous,Federal Bank, Foseco,Hatsun Agro,Inter Paper Appm,Jyothi Lab,Kajaria Cer, Mphasis,Rane Madras,Sanofi, Syngene,Welspun,Zee Media,Zensar
Market Update:
Sgx Nifty +2 pts
Dow +14.57 pts ,Nsdq +18.79 pts , S&P +0.55 pts ,Bovespa +211 pts , Ftse -25 pts , Dax +59 pts, Cac +1 pts, Nikkei +115 pts, now, Crude @ $46.15 brl (+0.26), Brent @ $48.61 (-1.85) , Gold @ $1169.00 (-4.00), Silver @ $15.80 (-0.03), Euro @ $1.1327, JPY @ $119.4800, INR @ $64.8050
Today's Key Result
19th Oct
HCL Tech( Cog Cons Est Net 1779cr - 5% Yoy)
Ultratech Cem( Cog Cons Est Net 457cr +10% Yoy)
Blue Star Info,Gati ltd,Gruh Fin,Heritage Food,Hind Zinc,Kesoram,Kitex Garment,Mah Scooter,Mang Chem,Motilal Oswal,Petronet Lng,Rane Brake,Sks Micro,Tinplate
Market Update:
Sgx Nifty -18 pts
Dow +74.22 pts ,Nsdq +16.59 pts , S&P +9.25 pts ,Bovespa +74 pts , Ftse +39 pts , Dax +39 pts, Cac +27 pts, Nikkei -31 pts, now, Crude @ $47.30 brl (+0.04), Brent @ $50.50 (+0.04) , Gold @ $1177.40 (-5.70), Silver @ $16.02 (-0.09), Euro @ $1.1369, JPY @ $119.2800, INR @ $64.8150
Result Review
LIC HOUSING FINANCE (CMP: `490 / TP: `570 /Upside: 16.3%)
LIC Housing Finance reported 2Q FY2016 results, which were above consensus estimates, with PAT at INR 411.7 cr reflecting a growth of 21% yoy. NII grew substantially at 34% yoy, aided by healthy loan book growth of 17% yoy and higher margins, leading to 31% yoy growth in operating income at INR 780.3 cr. Provisioning expenses for the quarter came in at INR 30.1cr as compared to INR 44.3cr in 1QFY2016 and a writeback of INR 19.03 cr in 2QFY2015. We await clarity from the management regarding the asset quality performance during the quarter. The stock currently trades at 2.4x FY2017E ABV. We recommend BUY rating on the stock.
Nifty Levels
Support 1 – 8130 Resistance 1 – 8225
Support 2 – 8090 Resistance 2 – 8250
Bank Nifty Levels
Support 1 – 17434 Resistance 1 – 17842
Support 2 – 17350 Resistance 2 – 17910
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
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:
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
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
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:
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 :
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
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
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: 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
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
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:
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
