Asian stocks open mixed, Stocks in the news: Natco Pharma, SBI, Syndicate Bank, Sagar Cements, IOB

Indian Indices:        
        
                              The Asian stocks open mixed. Nifty50 which with a gap down managed to recoup a majority of its losses and closed flat with slight negative bias on Friday. The Nifty50 opened the week at 10,765.95 on Monday and closed at 10,767 on Friday. But, it hit a low of 10,633.15 on 5 June and a high of 10,818 on Thursday. For Friday, Nifty index opened negative but managed to hold on to its immediate support of 10,700 – 10,720 zones and recovered towards its crucial hurdle of 10,770-10,780 zones.

Global Market:

• Asian markets- Japanese shares are higher today as the Nikkei 225 gains 0.64%. The stock markets in Hong Kong and Shanghai are closed at this time.

• US Markets: The Dow Jones Industrial Average rose 75.12 points, or 0.3 percent, to 25,316.53, the S&P 500 gained 8.61 points, or 0.31 percent, to 2,778.98 and the Nasdaq Composite added 10.44 points, or 0.14 percent, to 7,645.51.

• European markets- European markets finished mixed as of the most recent closing prices. The CAC 40 gained 0.03%, while the DAX led the FTSE 100 lower. They fell 0.35% and 0.30% respectively.

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Major Headlines of the day:

• Sagar Cements May standalone production up 15% at 1.84 lakh tone.

• Indian Overseas Bank raises lending rate by 5-10 bps effective June 10.

• Syndicate Bank raises one-year MCLR to 8.55% from 8.50.

• Shoppers Stop's chief financial officer Vijay Jain resigned w.e.f. June 08, 2018.

• Natco Pharma launches generic Posaconazole injection.

• SBI to auction 12 bad accounts this month to recover over Rs 1325 crore.

• PNB board approved to initiate the process to disinvest stake in PNB Housing Finance.

• Seya Industries approved fund raising plans for expansion.

• Jubilant Life Sciences issued commercial papers worth Rs 75 crore.



Trend in FII flows:-  The FIIs were Net Value of Rs  -222.5 in the cash segment FRIDAY while the DIIs were Net Value of Rs 459.44 as per the provisional figures.

Securities in Ban For Trade Date 11- JUNE-2018 :- 

1. BALRAMCHIN
2. DHFL
3. JETAIRWAYS

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Nifty open gap down; may retest 10,700 levels,: ITC, HDFC Bank, Tata Motors, Dr Reddy's Lab in news

Indian Indices:
            
                      The Nifty50 is likely to see a gap down opening on Friday weighed down by muted trend seen in other Asian markets. The Nifty50 closed 83 points lower at 10,768 levels. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.45 percent. Nifty futures were trading around 10,724- level on the Singaporean Exchange. The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally while investors turned to safer bets as they kept an eye on global trade tensions and waited for US and European central bank meetings.

Global Market:

• Asian markets- Asian markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.15% while the Hang Seng is down 1.30%. The Nikkei 225 is not trading.

• US Markets: The Dow Jones Industrial Average fell 54.95 points, or 0.22 percent, to 24,713.98, the S&P 500 lost 2.33 points, or 0.09 percent, to 2,720.13 and the Nasdaq Composite dropped 15.82 points, or 0.21 percent, to 7,382.47.

• European markets- European markets finished lower today with shares in France leading the region. The CAC 40 is down 0.17% while Germany's DAX is off 0.15% and London's FTSE 100 is lower by 0.10%.

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Major Headlines of the day:

• HDFC Bank raises MCLR across tenors by 10 bps.

• Tata Motors proposes to raise up to USD 500 mn via ECB.

• Dr. Reddy's expects to launch generic Copaxone in H1 FY20 in US

• Indian Bank revised the marginal cost of funds based lending rates (MCLRs) with effect from              June 11, 2018

• Time Technoplast receives order worth Rs 40 crore

• PTC India: Sutirtha Bhattacharya appointed as the Independent Director on the Board

• ITC acquires Nimyle floor cleaner, forays into home care space

• Capital First debenture committee allots NCD worth Rs 100cr on private placement basis.


Trend in FII flows:-  The FIIs were Net Value of Rs  -525.40 in the cash segment THURSDAY while the DIIs were Net Value of Rs +1197.89 as per the provisional figures.

Securities in Ban For Trade Date 08-JUNE-2018 :-

1. DHFL
2. BALRAMPUR CHINI

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Markets slide on global sentiment

Markets slide on global sentiment 

Market’s in my view had more or less factored in TDP’s exit from the NDA after its Ministers’ exit from the Union Cabinet and the vociferous disruption of the ongoing session by its MPs of both the Houses of Parliament. BJP’s shock defeat in the UP by polls and the prospect of SP and BSP forming an alliance in 2019 polls and it’s likely adverse impact on BJP’s tally from UP in 2019 is what has got the market concerned, Ajay Bodke, CEO & Chief Portfolio Manager PMS Prabhudas Lilladher told FE Online.

Local political uncertainty, a string of share sales and weak sentiment in global equities dragged down India’s stock markets on Friday with benchmark indices posting their biggest single-day fall since February 2. 

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The Sensex declined 509.54 points, or 1.51 per cent, to close at 33,176. The Nifty dropped 165 points, or 1.59 per cent, to close at 10,195.15. Out of 30 Sensex stocks, 26 ended weak while four ended higher. The Volatility Index, or VIX, soared 6.2 per cent, suggesting traders expect risks to the market to remain in the near-term. 

US 10-year government bond yield is at ~2.9%, and domestic yields have also inched up. This has been on the back on inflationary expectations.

Domestic investors trimmed equity holdings ahead of March 31, when the zero-taxation regime for long-term capital gains from equities ends. 

Domestic politics is seeing some uncertain moments which is making investors nervous,” said Mahesh Patil, chief investment officer — equities, Birla Sun Life Mutual Fund. “There is also a constant supply of paper that’s taking away the liquidity and uncertainty about the public sector banks.

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Today's market condition

Markets set to open in the green in line with Asian peers

Indian Indices:

SGX Nifty indicating a positive opening for the Indian markets. Indian markets are expected to witness a bounce back in today’s trade after witnessing 4 consecutive sessions of selling pressure. In stock specific news, according to media reports JSW Steel signs MoU to acquire Italy’s second largest steelmaker Aferpi. HDFC Bank hikes bulk deposits rates up to 175bps. Asian markets gain in morning trade. Asian stocks rose in morning trade, tracking gains in US equities, as concerns eased on US President Donald Trump’s proposed tariffs. Overnight, US stocks closed higher. S&P 500 at 2,720 points is up 1.1%.

  

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Global Market:

·       Asian markets are trading in the green at present. Nikkei is currently up 2.07 %, Hang Seng is trading 0.92% higher while Shanghai Composite is trading marginally lower down 0.28%.

·       US Markets: Stocks recovered significantly after initially trading in the red. The Dow jumped 1.4% to 24,874.76, the Nasdaq surged 1% to 7,330.70 and the S&P 500 gained 1.1% to 2,720.94.

·       European markets closed in the green yesterday with the FTSE closing 0.65% higher, CAC ended 0.59% higher with surging 1.47%.

Major Headlines of the day:

·        Arbitration court bars RCom from selling assets- An arbitration court has “restrained” Reliance Communications (RCom) from selling or transferring assets without its permission, reports The Economic Times. The order comes amid an arbitration battle between Ericsson and RCom over dues.

·        RIL’s non-core spending seen diluting return on capital- Reliance Industries Ltd (RIL) has committed Rs1.3 trillion worth of investments across five states in its non-energy businesses over the past two months, stoking fears the return on capital employed may be diluted.

·        SC asks Unitech to submit details of unencumbered assets- The Supreme Court has asked realtor Unitech Ltd to submit an affidavit giving details of all its unencumbered properties in India and abroad. The development comes amid proceedings about unfinished projects and refunds to buyers.

Trend in FII flows:  The FIIs were Net Value of Rs -366.60 the cash segment Monday while the DIIs were Net Value of Rs -154.20 as per the provisional figures.

Securities in Ban For Trade Date 06-MAR-2018:

1.FORTIS

2.HDIL

3.IDBI

4.ORIENTBANK

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MAJOR HEADLINES FOR TODAY – 06 JULY 2017

Following are the major headlines for day

v J&K Assembly passes resolution for implementing GST

v Tata Motors JLR June UK total sales at 9,161 units vs 8,591 units YoY

v IndiGo will hold a conference call to discuss the Air India deal.

v Sobha has release its real estate operational update for the first quarter, new bookings are up 20%.

v Shriram EPC bags orders worth Rs71 crore.

v ICICI Bank, others move UK court to recover $600-mn loans to Essar arm

v Govt asks Vedanta to make a buyback offer for Cairn's 9.8% stake

v Ramco Systems Bags Order From Airline MRO Parts

v IRB Infra SPV achieves fin closure for Rs2,088 cr road proj

v BSE, NSE may consider extending trading hours only if other one moves first, but ignore MSEI for now

v Qatar signals LNG price war for market share in Asia

v Residential launches decline 41 % in first half of 2017: Survey

v National Insurance plans IPO in Q4

v $13 billion Rosneft-Essar deal gets crucial LIC nod

v Insolvency proceedings against Essar Steel stayed

v IL&FS Engg bags Jharkhand contract for electrification

v Indiabulls Ventures comes under Sebi lens over unusual share price rise 

v ONGC Videsh to acquire 30% petroleum participating interest in Namibia 

v  HDFC has Rs909 crore exposure in a insolvent account & HDFC’s PE subsidiary may sell stake in Windflower.

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CS ROCKING PERFORMANCE OF THE DAY-24 DECEMBER 2015

STOCK FUTURES:

FUTURES INTRADAY:
BATAINDIA FUTURE  BUY  CALL 3 TG 
CESC  BUY CALL 2 TGT 
ADITYABIRLA  CALL 2 TG 
                 
NIFTY FUTURES:
NIFTY FUTURES BUY CALL SL HIT 

OPTION:
RELIANCE INFRA 460 CALL  BUY CALL 3 TG
VOLTAS 310  CALL  BUY CALL 1TG 

OPTION PREMIUM:
INFY 1080 CALL  BUY CALL  HOLD FOR MONDAY

STOCK CASH

STOCK CASH INTRADAY:
RIIL BUY CALL 3 TG  
ZANDUREALT BUY CALL 1 TG  
ASTRA MICRO  BUY CALL 1 TG 
BFUTILITIE BUY CALL SL HIT
CROMPGREAV BUY CALL HOLD FOR TOMORROW 

STOCK CASH  PREMIUM:
RELIANCE CAPITAL BUY CALL 1 TG 
KAJARIACER  BUY CALL COST EXIT

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INDIAN EQUITY MARKET OUTLOOK-16 NOVEMBER 2015

INDIAN BENCHMARKS  are likely to start the session on a negative note as the global cues look unsupportive with SGX Nifty trading 26 points lower.

                                                                          

Events for the day:

Wholesale Price Inflation data to be announced 

New Listings: SH Kelkar

Headlines for the day: 

Kaveri seeds reports net loss of Rs47.52 crore in Q2 

JLR October 2015 global wholesale volumes up 26.9% YoY 

COAL India reports Q2 profit of Rs2544 crore

                                                                                                                                                                                                             

Trend in FII flows:   The FIIs were net  sellers of  Rs -746.7 Cr in the cash segment on  Friday while the DIIs were net buyers of  Rs 70.89 Cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-12 OCTOBER 2015

INDIAN BENCHMARKS  drop; Infosys falls most in 5 weeks after earnings

                                                                    

INDIAN EQUITY BENCHMARKS  turned flat after hitting their highest in nearly two months as software stocks declined, led by Infosys as it reduced its full-year U.S. dollar revenue growth guidance, while worries retail inflation for September could edge higher also weighed on the market. The S&P BSE Sensex and CNX Nifty ended 0.65% and 0.56% lower each.

                                                                                                                                             

Headlines for the day:

Infosys drops post Q2 nos as guidance downgrade hurts sentiments

JSW Steel Crude Steel production at 3.35 Million Tons for Q2

HCC wins Rs942.58 crore contract from BARC

The crucial resistance for Nifty is now seen at 8205 and above this 8250. Support for the immediate term is now placed at 8125 and next support will be 8085.

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