INDIAN EQUITY MARKET WRAP UP-03 JULY 2015

INDIAN BENCHMARKS extend recent gains to hit 2-1/2-month highs

                                                                    

INDIAN EQUITY BENCHMARKS  rose on Friday to head towards their highest close in 2-1/2 months as HDFC Bank Ltd rose on relative valuations, while drugmaker Lupin Ltd rose after an acquisition in Russia. The S&P BSE Sensex and CNX Nifty ended 0.53%-0.47% higher each.

                                                   

Headlines for the day:      

                                                                            

Services PMI falls for the second straight month in June

Fitch Cuts India's Growth Forecast to 7.8% in FY16

Bajaj Finance surges 30% in one month

The crucial resistance for Nifty is now seen at 8535 and above this 8575. Support for the immediate term is now placed at 8405 and next support will be 8375.

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TOP CORPORATE NEWS-03 JULY 2015

• TVS Motors launches special edition TVS XL Super

In celebration of crossing the milestone 1 crore mark in sales, TVS Motors Company has introduced a special edition of its legendary TVS XL Super. The new variant will come in two never before colours of Silver Grey and Titanium Grey, which have been specially created for the occasion. In addition TVS XL Super will have special graphics, a dual texture seat with stich lines, chrome plated grab ribs and silencer guard and will carry a specially designed 1 crore celebration sticker.

• BHEL successfully modernises Unit-7 at Harduaganj Thermal Power Station

Bharat Heavy Electricals Ltd (BHEL) has announced the successful renovation and modernisation of 110 MW Unit-7 at Harduaganj Thermal Power Station ( TPS) Plant of Uttar Pradesh Rajya Vidyut Utpadan Nigam. After successfully running for 30 years, this unit, originally supplied and commissioned by BHEL, was undertaken for renovation and modernisation. Following the R&M, not only was the working life of the machine extended by another 15-20 years, the capacity was also uprated to 120 MW from its original capacity of 110 MW.

                                                                                       

• RIL to gain from likely price cut in some Saudi crudes

Saudi Arabia is reported to be considering a cut in prices of the medium and heavy grades of crude used by complex refiners, while leaving price of its most popular export, light crude, unchanged. According to industry sources the Arab Heavy crude price could fall as much as 70 cents a barrel in August, while Arab Light could post a small drop of up to 20 cents. Reliance imports more than 15% of its oil from Saudi Arabia hence it will benefit.

• PGCIL in talk with ADB and WB for Rs12000 crore of loan

 PGCIL in talk with ADB and WB for Rs 12000 crore of loan to support strong capex plan; positive read thru for T&D EPC players like L&T, Kalpataru power, KEC International. The World Bank and the Asian Development Bank ( ADB) are in talks with the Indian government for providing a loan of around Rs12000 crore ($2 billion) to Power Grid Corporation of India Ltd (PGCIL).

• Infosys Invests in Ireland on the Back of Strategic Partnership with AIB

Infosys announced that it has been selected as a strategic partner by Allied Irish Bank, p.l.c. ( AIB), a financial services group operating predominantly in the Republic of Ireland and the UK. Leveraging the momentum of this partnership, Infosys will also make significant investments in the Republic of Ireland.

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Sensex, Nifty open flat; ONGC, Lupin, HDFC early gainers

The Sensex is up 37.59 points at 27983.39 and the Nifty is down 4.80 points at 8440.10. About 372 shares have advanced, 141 shares declined, and 75 shares are unchanged.

ONGC, Lupin, HDFC, Tata Steel and BHEL are top gainers in the Sensex while Dr Reddy's, NTPC, TCS, Axis Bank and HUL are among major losers.

The rupee extended its upmove in early trade Friday. The currency has opened at 63.43 a dollar, up 8 paise compared to 63.51 per dollar in previous session. It gained 10 paise yesterday.

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INDIAN EQUITY MARKET OUTLOOK-03 JULY 2015

INDIAN BENCHMARKS  are likely to open on a cautious note as the global cues look unsupportive with SGX Nifty trading 19 points lower.                                                    

                                      

Headlines for the day:

Lupin acquires stake in Russia-based Biocom

Fitch Cuts India's Growth Forecast to 7.8% in FY16

Hindustan Petroleum Corporation is planning to raise $200 million

Trend in FII flows: The FIIs were net  buyers of Rs   575.32 Cr in the cash segment on Thursday  while the DIIs were net sellers of Rs -219.02 Cr, as per the provisional figures released by the NSE.

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Market Commentary & Stock To Watch-03 July 2015

Key benchmark indices edged lower amid a divergent trend among various index constituents. The barometer index, the S&P BSE Sensex, fell below the psychological 28,000 level, as per provisional closing data. The Sensex alternately moved above and below the psychological 28,000 level in intraday trade. A rally took the Sensex past the psychological 28,000 level yesterday, 1 July 2015. The Sensex was provisionally off 79.38 points or 0.28% to 27,941.49. The market breadth indicating the overall health of the market was positive. 

STOCKS TO WATCH

TITAN:   

Buy TITAN above 360 stocks may show 375-380 in coming days, Below 360 major support will be 353.

 ITC:   

Buy ITC above 310 stock may show 320/330 in coming days. Below 310 major resistances will be 303. 

BIN:  

Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

VISIT: CapitalStars

Today’s view on Nifty-03 July 2015

Nifty levels:    

Nifty spot close @8444 

Nifty future close @8438  

Profit booking from upper level will be seen today, but keep buy on dips, we may see 8500 as a resistance level and 8370 as a support level for nifty.   

Bank Nifty levels:   

Bank nifty spot close @18585 

Bank nifty future close @18550 

Buy as remain above 18400, consolidation seen from upper level, so be cautious we may see profit booking. No sell keep buy on dips.

VISIT: CapitalStars

Market Commentary & Stock To Watch-02 June 2015

Banking and IT stocks led gains as key benchmark indices edged higher after a report that Greek Prime Minister Alexis Tsipras is ready to accept the creditors' bailout terms. A bout of volatility was witnessed in late trade as benchmark indices trimmed gains after extending intraday gains. The barometer index, the S&P BSE Sensex, trimmed gains after hitting its highest level in more than ten weeks. The 50-unit CNX Nifty trimmed gains after hitting its highest level in almost six weeks. The Sensex provisionally closed above the psychological 28,000 mark after alternately moving above and below that level in intraday trade. The Sensex hit the psychological 28,000 mark today, 1 July 2015, for the first time in almost 6 weeks.

 STOCKS TO WATCH

TITAN:  

Buy TITAN above 360 stocks may show 375-380 in coming days.

ITC:                                                        

Buy ITC above 310 stock may show 320/330 in coming days. Below 310 major resistances will be 303.

SBIN:

Buy SBIN as remain above 263 stock may show 280/290 level in coming days, below 263 major support 254.

Visit us: CapitalStars 

Today’s view on Nifty-02 June 2015

Nifty levels:  

Nifty spot close @8453

Nifty future close @8454

 Profit booking from upper level will be seen today, but keep buy on dips, we may see 8500 as a resistance level, and 8370 as a support level for nifty. 

Visit us: CapitalStars 

Nifty above 8450, Sensex flat; Hero, Bharti, Hindalco gain

The Sensex is up 28.41 points at 28049.28, and the Nifty is up 11.85 points at 8464.90. About 600 shares have advanced, 129 shares declined, and 63 shares are unchanged.

Lupin, Hero, Sun Pharma, Bharti Airtel and Hindalco are top gainers in the Sensex. Among the losers are Vedanta, Tata Motors, HDFC Bank, Cipla and L&T.

The Indian rupee slipped marginally to 63.63 a dollar in early trade compared to 63.61 a dollar in previous session.

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INDIAN EQUITY MARKET OUTLOOK-02 JUNE 2015

INDIAN BENCHMARKS  are likely to open on a cautious note as the global cues look unsupportive with SGX Nifty trading 10.50 points lower.                                                    

                                      

Headlines for the day:

Bharti Airtel completes tower divestment in 5 countries

Videocon Industries gets shareholder nod to raise Rs5,000 crore

Rajesh Exports is close to acquire a company for backward integration

Trend in FII flows: The FIIs were net  buyers of Rs   75.03 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 52.12 Cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-01 JULY 2015

STOCK FUTURES:

FUTURES INTRADAY:

EICHER MOTORS   FUTURES  BUY CALL 3 TGT 

GLENMARK  PHARMA   FUTURES  BUY CALL  1 TGT

                                                                                                        

PREMIUM FUTURES:

PTC  FUTURES  BUY CALL  1 TGT

                                                        

NIFTY FUTURES:

BANK  NIFTY  FUTURES  BUY CALL  3 TGT

OPTION:

GAIL  390  CALL  BUY  CALL 3  TGT 

NIFTY  8300  CALL  BUY  CALL 3 TGT  

INDIACEM  95  CALL  BUY  CALL 2 TGT  

PTC  70  CALL  BUY  CALL 2 TGT  

OPTION PREMIUM:

IDBI  60  CALL  BUY  CALL 1  TGT 

JISLJIALEQS  70  CALL  BUY  CALL COST EXIT  

STOCK CASH:

STOCK CASH INTRADAY:

GAYAPROJ   BUY  CALL  3 TGT 

VADILALIND   BUY  CALL  2 TGT 

                                                                                          

STOCK CASH PREMIUM :

EICHER MOTOR  BUY CALL 3 TGT

NBCC  BUY CALL 2  TGT

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INDIAN EQUITY MARKET WRAP UP-01 JULY 2015

INDIAN BENCHMARKS marks highest close in 2-1/2 months; banks rally

                                                                    

INDIAN EQUITY BENCHMARKS  rose nearly 1 percent on Wednesday, to close above the psychologically important 28,000 level, its highest close in nearly 2-1/2 months, as state-run banks rose after the government's plan for a comprehensive package raised hopes of faster recapitalization. The S&P BSE Sensex and CNX Nifty ended 0.86%-1.01% higher each.

                                                   

Headlines for the day:      

                                                                            

Petrol price cut by 31 p/L, diesel by 71 p/L

Maruti June 2015 volumes up 1.8% (YoY); in-line with estimates

Eicher Motors June 2015 CV volumes in-line with estimates

The crucial resistance for Nifty is now seen at 8530 and above this 8570. Support for the immediate term is now placed at 8385 and next support will be 8285.

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TOP CORPORATE NEWS-01 JULY 2015

• IOL Chemicals gets renewal of “HALAL CERTIFICATE’

IOL Chemicals & Pharmaceuticals Ltd has informed that the Company has got renewal of “HALAL CERTIFICATE’ from Hold Committee, Jamiat Ulama - E - Maharashtra for Ibuprofen, iso Buty / Benezene, Ethyl Acetate and other products of the Company for the year 2015-2016. It will facilitate the Company to explore the untapped export markets for its products.

• Relaxo Footwears touches fresh high on ex-bonus

Shares of Relaxo Footwears rose 4% at Rs493, also their record high on the BSE. Today, the stock turned ex- bonus in the ratio of 1:1.The board of directors of the footwear company at its meeting held on May 11, 2015, had recommended the issue of bonus shares in the ratio of 1:1 i.e. one equity share for every one equity share held. Since then, the stock has outperformed the market by gaining 38% on BSE.

                                                                                       

• JSW Energy plans to raise Rs12,500 cr for capex, expansion

JSW Energy is planning to raise up to Rs12,500 crore through issuance of various securities as it eyes organic and inorganic ways to expand business. The firm will seek shareholders' approval next month for raising up to Rs5,000 crore for ongoing capital expenditure and another Rs7,500 crore to pursue 'organic and inorganic growth opportunities'

• Puravankara jumps after company monetise its land

Puravankara Projects rose over 10%, touching to Rs87.75, after the company has monetised its land in Bengaluru. Puravankara has entered into an agreement to sell for its 18 acre property located off Kanakapura Road, Bengaluru,' said the company. This is a strategic transaction and coincides with our business and capital strategy of the group, it added.

• BASF receives Rs144 cr from sales of textile business

BASF receives Rs144 cr from sales of textile business – Positive read thru .BASF India Ltd has now informed that the said closing has taken place and consequently, with effect from July 01, 2015, the textile chemicals business of the Company will stand transferred to Archroma India Private Limited on a 'going concern basis'.

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