Closing Bell : The final hour recovery helped the Nifty to close around 11,000 level and Sensex above 37,000

At close, the Sensex was down 462.80 points at 37,018.32, while Nifty was down 138 points at 10,980. About 830 shares have advanced, 1587 shares declined, and 147 shares are unchanged. 

Vedanta, JSW Steel, Hindalco Industries, SBI and Tata Motors were among major losers on the Nifty, while gainers were Wipro, Bharti Infratel, Maruti Suzuki, Reliance Industries and Power Grid Corp.

HEADLINES OF THE DAY

TVS Motor July auto sales: The total sales fell 13 percent at 2.79 lakh units against .21 lakh units. The two-wheeler sales down 13.7% at 2.65 lakh units against 3.07 lakh units, YoY.

Motorcycles sales down 10.7% at 1.08 lakh units versus 1.21 lakh units and scooter sales down 11% at 1.05 lakh units against 1.18 lakh units. Total exports down 3.1 percent at 69,994 units against 72,242 units, YoY. 

The crucial resistance for Nifty spot is now seen at 11100 and above this 11200 Support for the immediate term is now placed at 10800 next support will be 10720 .

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Crucial weeks for Guar lay ahead; monsoon in West Rajasthan to decide its fate

The price of Guar seeds has seen a big time consolidation between Rs 4,150 per 10 quintal and Rs 4,450 from December 2018 to July 2019. Despite a significant fall in output in the current 2018-19 season (from October to September), prices were unable to breach the season's high of Rs 4,775 ( which were tested in November 2018). Around 80 percent of Guar produced in India is exported in the form of Guargum/split/meal. The US is the largest destination for Guar products, and lower exports to the nation are the chief reason for capping the potential price rise of Guar in the last eight months.

Sowing for the coming season, which is from 2019-20, has already started. But the figures are far behind the five-year average. Only 25 percent of the normal sowing area has been covered by July 24. In irrigated belts, farmers have preferred cotton to Guar due to assured returns from the fibre crop, while in the rain-fed areas of north Rajasthan, particularly Barmer, Jaisalmer and Bikaner, farmers are eagerly awaiting rains to sow Guar. Very few acres have been covered after last week's rains in northwest Rajasthan. The next two weeks will be crucial as the sowing window in these districts is till the second week of August.

Rains over Northwest India last week had raised hopes about the yield of the early sown crop, but the situation is back to normal, with dry conditions prevailing since then.

Many weather watchers are of the opinion that the monsoon will be active across India in the last week of July. If this happens, the shortfall in sowing would narrow substantially. Accordingly, prices plunged last week from Rs 4,432 and are now hovering around an important support of Rs 4,150-4,180.

The 2018-19 crop was significantly lower, at around 55 lakh bags. Guar exports to the US were also lower, counter-balancing the effect of lower production (higher prices). Carried-forward stocks should thus be around the 2017-18 level. Guar prices, having discounted the demand-supply fundamentals of the 2018-19 season, will now take direction on the basis of the 2019-20 crop. The next two weeks will be crucial from a sowing perspective and will paint a better picture regarding the size of the next year's crop.

Nevertheless, the present situation is the worst and per-hectare productivity would be on the lower side. Any fall due to increased rainfall should be considered a good buying opportunity.

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Indices pull back from lows; Sensex down 100 points, Nifty around 10,200

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Indian Indices:     
                                            Equity benchmarks are off their low points, with the Nifty trading around 10,200-mark. The Sensex is down 117.24 points or 0.34% at 34017.14, while the Nifty is down 42.00 points or 0.41% at 10203.30. The market breadth is negative as 767 shares advanced, against a decline of 1,130 shares, while 1,676 shares are unchanged.
Among sectors, IT is the biggest loser, followed by energy, pharma and PSU banks. The midcap index is marginally lower.

Global Market:

• Asian markets: Japanese shares are lower today as the Nikkei 225 falls 2.27%. The stock markets in Hong Kong and Shanghai are closed at this time.

• US Markets: Banks Lead US Stock Slide, Extending Market's Losing Streak.

• European markets: European markets finished lower on Monday with shares in France leading the region. The CAC 40 is down 0.62% while Germany's DAX is off 0.26% and London's FTSE 100 is lower by 0.10%.

Major Headlines of the day:

•   Ambuja Cements Q2 profit expected around Rs 271-350 crore, margin may grow 16%.
•   Rupee opens weak at 73.70 per dollar

Results to be announced today :- Adani Ports,Ambuja Cements,Bajaj Corp,Bajaj Finance,Bajaj Finserv,Escorts Finance,HCL Tech,HDFC Life,ICICI Prudential,MCX India,RBL Bank,TVS Motor,Zensar Tech..

Trend in FII flows:-  The FIIs were Net Value of Rs  -511.91 segment while the DIIs were Net Value of  303.21 per the provisional figures.

Securities in Ban For Trade Date 23-OCTOBER-2018

1.Adanient
2.Adanipower
3.Jetairways.

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Market Conditions Showing Negative Bias

Markets open lower amidst negative global cues.

Indian Indices:

SGX Nifty indicating a negative opening for the Indian markets. Indian markets are expected to trade with a negative bias continuing the negative momentum witnessed in yesterday’s trade. The Indian equity benchmark indices are likely to open on a negative note tracking bearish Nifty futures on the Singapore stock exchange and weak cues from Asian peers. Weak SGX Nifty Index Futures for March delivery, which was trading at 10,073, down by 42 points or 0.42 at 11:26 AM Singapore time, also signaled a negative opening for the domestic equity bourses.

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Global Market:

·      Major Asian markets are trading in the red at present. Nikkei is currently down 0.99%, Hang Seng is down 0.66% while Shanghai Composite is down 0.39%.

·       US Markets saw major dip with Dow Jones shedding 335 points to close 1.35% lower, while Nasdaq index tumbled 1.84% as fresh regulation worries tanked technology stocks.

·       European markets also saw deep cuts with FTSE closing 1.7% lower, CAC ended 1.1% lower while DAX ended 1.4% lower.

Major Headlines of the day:

·        L&T set to win EPC contract for new dry dock- Larsen & Toubro Ltd has emerged the lowest bidder in a tender issued by Cochin Shipyard Ltd for the engineering, procurement and construction (EPC) contract of a new dry dock.

·        Godrej Agrovet may join race to acquire Ruchi Soya- Godrej Agrovet Ltd plans to bid for Ruchi Soya Industries Ltd, which is undergoing bankruptcy resolution, with an eye on its palm oil business.

·        Nalco to form joint venture for auto-grade aluminium unit- National Aluminium Company Ltd (Nalco) has firmed up plans to set up a joint venture with Canada-based Almex for the production of automotive-grade aluminium.

Trend in FII flows:   The FIIs were Net Value of Rs 292.23 the cash segment Monday while the DIIs were Net Value of Rs -191.52 as per the provisional figures.

Securities in Ban For Trade Date 20-MAR-2018:

1.DHFL

2.HDIL

3.IDBI

4.JPASSOCIAT

5.R COM

6.SAIL

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Sensex down 150 pts, Nifty below 10,400; Airtel falls 2%

Sensex down 150 pts, Nifty below 10,400; Airtel falls 2%

Indian stock markets dropped in the early morning trades with Sensex diving over 100 points and Nifty slipped below 10,400-level as the quantum of India’s biggest banking scandal at PNB inched up further by Rs 942 crore. The S&P BSE Sensexshed 123.23 points or 0.36% to open at 33,733.55 while NSE Nifty slipped below 10,400-mark starting the day at 10,393.05, down by 33.8 or 0.32%. All of the shares of BSE Sensex traded in negative territory barring NTPC, IndusInd Bank, L&T, TCS and Sun Pharma. In a major blow yesterday, the Reserve Bank of India barred all the banks from issuing guarantees in the form of LoU (Letters of Undertaking) as the fraud at nation’s second-largest PSU lender PNB has been worsening day after day.

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Shares of SBI, Yes Bank, Adani Ports, Tata Steel, Hero MotoCorp, ICICI Bank, Axis Bank, Bharti Airtel were the major laggards among the Sensex components falling up to 1.5%. Shares of Gitanjali Gems crumbled by 5% to a 52-week low of Rs 13.6 on Wednesday. NSE has levied penalties on as many as 24 companies including scam-hit Gitanjali Gems for failure to file financial results for the period October-December 2017. All the sectoral indices of NSE traded in red except Nifty IT and Nifty Pharma with Nifty PSU Bank and Nifty Metal index leading the losses.

The NSE Nifty index was trading 36 points down at 10,391, while the BSE Sensex was down 115 points at 33,742 around 10:25 am (IST). Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red. 

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CS ROCKING PERFORMANCE OF THE DAY-31 MARCH 2016

STOCK FUTURES:

FUTURES INTRADAY:
SKS MACRO FIN FUTURE  BUY  CALL 3  TG 
TCS FUTURE   BUY  CALL  1 TG 
RELIANCE  FUTURE BUY CALL SL TRIGERRED

NIFTY FUTURES:
NIFTY FUTURE BUY CALL SL TRIGERRED 

OPTION:
TCS 2500 CALL BUY CALL SL TRIGERRED
IGL 550 CALL BUY CALL 1 TG 

STOCK CASH

STOCK CASH INTRADAY:
LAMBODHARA BUY CALL 3  TG   
NATCOPHARMA BUY CALL 2 TG  
RUSHIL BUY CALL 1 TG  

STOCK CASH  PREMIUM:
JUBILANT LIFE BUY CALL 2 TG 
RELIANCE   BUY CALL EXIT AT -1052.20-1055
MAJESCO  BUY CALL SL TRIGERRED

STOCK SUPER PREMIUM 
IGL BUY CALL 2 TG 

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TOP CORPORATE NEWS-25 FEB 2016

Just Dial's Rs165-cr buyback opens today

Just Dial will buy back up to 10,61,499 fully paid-up shares of face value of Rs 10 each at a price of Rs1,550 a piece for an aggregate amount of up to Rs164.53 crore.

The buyback will be undertaken on a proportionate basis from the shareholders holding shares as on December 4 by way of tender offer via the stock exchange mechanism.

The share re-purchase program will close on March 10, 2016.

Government may auction stake in ITC, L&T to achieve divestment target

ITC & L&T: As per media reports Government may auction stake in ITC and L&T to achieve divestment target.

The stakes are held via SUUTI, a state-controlled entity that was created at the time of the bailout of the erstwhile Unit Trust of India (UTI) in 2001 - Sentimentally negative for ITC & L&T.

Crompton Greaves to decide record date for demerger

Crompton Greaves will hold a meeting today to decide record date to entitle shareholders of demerged consumer business.

The stock had reacted negatively in the recent past due to lack of clarity on time line of listing of consumer business. However this would improve clarity.

SAIL plans to invest over Rs10,200 cr on mines

SAIL will invest over Rs10,200 crore on mine development as the domestic steel giant embarks on a modernisation and expansion programme.

The Maharatna PSU's modernisation and expansion drive is to enhance its steel production capacity from 12.8 million tonnes per annum (MTPA) to 21.4 MTPA at an indicative investment of Rs61, 870 crore.

NTPC raises Rs655 cr via private placement

Leading power company, NTPC Ltd has said that the company has raised Rs655 crore through private placement of secured non-convertible debentures at a coupon of 8.33% p.a. with a 5 year door-to-door maturity on February 24, 2016.

The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred.

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INDIAN EQUITY MARKET WRAP UP-19 FEB 2016

INDIAN BENCHMARKS: SENSEX ENDS FLAT AFTER A VOLATILE SESSION, NIFTY 50 CLOSES ABOVE 7200

Tracking mixed cues from European and other Asian markets, the domestic equity market ended a volatile week on a flat note.

The S&P BSE Sensex ended a choppy session with gains of 59.93 points or 0.25 per cent, at 23,709.15. The 50-share NSE Nifty50 also managed to eke out gains to close at 7,210.75, up 19 points, or 0.26 per cent. Both, the bourses have climbed 3.31 and 3.15 per cent, respectively, in the week.

Banking shares gained for the second straight day, with public sector banks taking the lead. The government is likely to set up a "bad bank" to take over the non-performing assets. 

HEADLINES OF THE DAY

SBI issues 30,000 Basel III compliant Tier-II bonds; stk up

Ultratech purchases two cement plants of JP Associates

Bajaj Auto launches CT100B for Rs30, 990

The crucial resistance for Nifty SPOT is now seen at 7271 and above this 7324. Support for the immediate term is now placed at 7127 and next support will be 6980.

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INDIAN EQUITY MARKET WRAP UP-17 FEBRUARY 2016

INDIAN BENCHMARKS: LATE RALLY LIFTS SENSEX 190 POINTS, NIFTY CLOSES ABOVE 7100

The domestic market pared morning losses to end the session on a positive note on Wednesday, tracking mixed cues from global markets. There was speculation over the Opec-Iran meeting amid indications that Tehran may not join a deal reached among top oil producers Saudi Arabia, Russia, Venezuela and Qatar to freeze crude output at January 11 levels. The Opec countries and Iran were to meet later in the day.

For a major part of the day, the 30-pack benchmark remained flat, but rallied in the last one hour of trade as European markets opened in the green and crude prices rose.

The BSE S&P Sensex ended at 23381.87, up 0.82 per cent or 189.90 points, while the NSE's Nifty50 gained 60.20 points, or 0.85 per cent, to settle at 7,108.45.

HEADLINES OF THE DAY

Adani Ports raises Rs750 cr via NCDs.

BPCL up after getting nod from environmental clearance.

BoI declines after S&P revises outlook.

The crucial resistance for Nifty SPOT is now seen at 7163 and above this 7271. Support for the immediate term is now placed at 6980 and next support will be 6869.

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TOP CORPORATE NEWS-17 FEBRUARY 2016

BPCL up after getting nod from environmental clearance

The Bharat Petroleum Corporation’s Kochi refinery has received environmental clearance for its heat-traced pipeline project, which is part of the Rs20,000 crore integrated refinery expansion and upgradation project currently under way.

The pipeline from Kochi port to the Ambalamugal premises of the refinery will carry vacuum residue from BPCL’s Mumbai refinery.

Adani Ports raises Rs750 cr via NCDs

Adani Group’s arm Adani Ports and Special Economic Zone (APSEZ) said it has raised Rs750 crore through non-convertible debentures ( NCDs) on a private placement basis.

APSEZ said, the company has raised Rs750 crore by allotment of 7,500 rated, listed, taxable, secured, redeemable, NCDs of the face value of Rs10,00,000 each on private placement basis.

HCL Tech buys Volvo group's external IT business

HCL Technologies confirmed today that it has acquired Volvo group's external IT business and has signed a five-year outsourcing deal with the commercial vehicles maker.

The acquisition will add 40 new customers in the Nordic and France regions and 2,500 highly skilled employees from 11 countries to HCL's portfolio. The transaction will bring in revenue upwards of $1.8 billion (cumulatively) over the next five years to the Indian firm.

Glenmark gets tentative approval for Azelaic Acid Gel

Leading pharma company, Glenmark Pharmaceuticals has said that its US arm has been granted tentative approval by the United States Food & Drug Administration ( USFDA) for its Azelaic Acid Gel, 15%, the generic version of Finacea® Topical Gel, 15% of Bayer Healthcare.

BoI declines after S&P revises outlook

Shares of Bank of India declined over 6%, touching to Rs80.1, after S&P Ratings revised the outlook on the bank to negative.

The rating agency sees the asset quality of the state-run lender weakening over 12-18 months, straining its profitability.

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TOP CORPORATE NEWS-15 FEBRUARY 2016

NMDC Q3 profit drops by 59% to Rs655 crore

NMDC has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015 (YoY):

The Company has posted a net profit of Rs655.04 crore Vs Rs1593.01 crore.

Total Income has decreased to Rs1938.42 crore Vs Rs3471.19 crore.

FM indicates reforms push in PSU Banks

The government will soon initiate a series of reforms to improve governance in public sector banks (PSBs), which have reported losses in excess of Rs10,000 crore in an effort to get rid of bad loans.

The finance minister's statement on bank reforms comes ahead of the second edition of the Gyan Sangam — a retreat of PSU banks likely to be held on March 4 and 5 in Gurgaon.

Bank of Baroda rallies post Q3FY16 results

Shares of Bank of Baroda rallied over 24% to Rs140 on NSE post Q3FY16 results despite NPA stress being up fronted, dives into losses

Bank of Baroda reported a loss of Rs3342 crore, highest among the PSU Banks so far, led by sharp increase in NPAs and provisions (up 388% YoY). Unlike most PSU Banks which preferred to spread the hit on asset quality (based on RBI directive) over 2 quarters (Q3 &Q4); BOB took it head-on.

UCO Bank Q3: Net Loss at Rs1, 497 Cr Vs Profit of Rs303.6 Cr (YoY)

UCO Bank Q3: Net Loss at Rs1, 497 Cr Vs Profit of Rs303.6 Cr (YoY)

Gross NPA at 10.98% Vs 8.51% (QoQ)

Gross NPA at Rs14, 931 Cr Vs Rs12, 226.6 Cr (QoQ)

Net NPA at 6.51% Vs 5.15% (QoQ)

Net NPA at Rs8, 409.5 Cr Vs Rs7, 123.1 Cr (QoQ)

PI Inds Q3 net profit up 17% (YoY)

PI Industries has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)

The Company has posted a net profit of Rs72.53 crore Vs Rs62.22 crore.

Total Income has increased to Rs516.05 crore Vs Rs510.85 crore.

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