TOP CORPORATE NEWS-07 JANUARY 2016

Intraday Stock Futures

S&P BSE Metal index drops over 2%
S&P BSE Metal index declined on amid fears of slower growth in China, the world's second-largest economy
Fears of slower growth in China weighed on metal and mining stocks. Economic data this week showed that China's services sector grew at the weakest pace in 17 months in December. Another data showed that activity had slowed in the country's key factory sector. Another concern is of China's weakening currency.

Indigo announces launch of 24 new flights
Indigo announces launch of 24 new flights – Positive for Inter Globe Aviation
As per media reports, IndiGo announced the launch of 24 new flights on its domestic network which include first daily non-stop flight between Delhi and Thiruvananthapuram.

L&T hits 52-week low
Larsen & Toubro (L&T) slipped over 3% touching to Rs1200, on concerns that the slowdown in the Middle East due to the crash in crude oil prices could affect the company's revenues.

Lupin launches generic Ortho Tri-Cyclen Lo tablets
Lupin has announced that its US subsidiary Lupin Pharmaceutical Inc. has launched Ortho Tri-Cyclen Lo Tablets in US. It is indicated for use by women to prevent pregnancy.

Reliance challenges ONGC’s allegations
As per media sources, Reliance Industries has challenged the jurisdiction of a panel examining ONGC’s allegations that RIL pumped out gas from ONGC's field, and has argued that the dispute should be resolved by arbitration.

Read our more services below:



on No comments:
Labels: , , , , , , , , ,

INDIAN EQUITY MARKET OUTLOOK-07 JANUARY 2016

Sgx Nifty

INDIAN BENCHMARKS are likely to witness gap down opening as the global cues look sluggish with SGX Nifty trading 79.50 points lower. Indian equity benchmarks are set to be rocked by renewed turmoil in China after the country weakened the yuan’s reference rate by the most since August, raising concerns over a worsening slowdown in the world’s second biggest economy, pushing global markets into a tailspin, and prompting traders to shun risky assets. Trading in China’s stock bourses was suspended for a second time this week after the benchmark index slid 7 per cent, triggering an automatic circuit breaker. The World Bank cut the global growth forecasts for 2016 to 2.9 per cent from 3.3 per cent estimated earlier as a slowdown in China prolongs a commodity slump while Brazil and Russia suffer steep recessions.

Headlines for the day:
1. Cipla inks pact with US firm for Ropivacaine infusion system 
2. Lupin launches Generic Ortho Tri-Cyclen Lo Tablets 
3. NBCC wins work construction orders worth Rs295 crore from IIT Mandi

Global Indices:
1. Asian stocks plummeted as China’s move to weaken its yuan reference rate to an unexpectedly low level raised more anxiety over the country’s economic slowdown. China’s Shanghai Composite fell over 7 per cent before trading was halted, Hang Seng shed over 2 per cent while Japan’s Nikkei 225 tanked 1.8 per cent as a stronger yen curbed the lure for exporter stocks.

2. Doom and Gloom struck Wall Street on Wednesday as worries over a China slowdown, coupled with heightened geopolitical fears amidst Middle East tensions and North Korea’s successful testing of a hydrogen bomb hit sentiment.

3. Investors cast aside mostly upbeat US economic data which showed that private payrolls in the US rose by the most in a year, up by 257,000 in December, services maintained solid growth, with the PMI coming in at 55.3 last month, well above the neutral 50-mark, after 55.9 in November.

Trend in FII flows: The FIIs were net  sellers of  Rs -352.42 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 13.19 Cr, as per the provisional figures released by the NSE.

Read More Topic




on No comments:
Labels: , , , , , , , ,

CS ROCKING PERFORMANCE OF THE DAY-06 JANUARY 2016

Sgx Nifty Futures

STOCK FUTURES:

 FUTURES INTRADAY:
IGL  FUTURE  BUY  CALL 3 TG 
ARVIND   BUY CALL 2  TGT 
RELIANCE CAPITAL  CALL  SL TRIGERRED 

                  
NIFTY FUTURES:
NIFTY FUT BUY CALL 1 TGT 

 OPTION:
SKS MICRO 520 CALL  BUY CALL 1 TG
RELIANCE 1020  CALL  BUY CALL 2 TG 

 OPTION PREMIUM:
ASHOKLEY 95  CALL  BUY CALL HOLD FOR TOMORROW 

 STOCK CASH

 STOCK CASH INTRADAY:
SRF BUY CALL 3 TG 
NARAYANA  BUY CALL 3  TG 
IGL  BUY CALL 3 TG (BOOKED AT 571.50)
NILKAMAL BUY CALL 1 TG 
IBULHSGFIN  BUY CALL 1 TG 
SINTEX BUY CALL COST EXIT 104.75-105.40  

 STOCK CASH  PREMIUM:
IGL  BUY CALL 2 TG (BOOKED AT 571.50)
RELIANCE IND BUY CALL COST EXIT (1031-1034.70) 
Read our more services below:



on No comments:
Labels: , , , , , , , , , , ,

INDIAN EQUITY MARKET WRAP UP-06 JANUARY 2016

Bank Nifty Live

INDIAN BENCHMARKS: SENSEX ENDS 174 POINTS DOWN, NIFTY 50 BELOW 7750

The domestic equity market tumbled on Wednesday after fresh weakness in crude oil prices and weak services PMI print from China raised investor concerns over the health of the global economy. 

The S&P BSE Sensex slid 174 points, or 0.68 per cent, to end the day at 25,406. Broader market barometer Nifty50, too, ended weak, slipping 44 points, or 0.56 per cent, at 7,741. ITC and ICICI Bank -2.59 % were the top losers on the benchmark. 
Selling was seen on the counters of ITC, ICICI Bank, Infosys, TCS and L&T, which helped ensure a weak closing of the NSE benchmark for the third consecutive session.

HEADLINES OF THE DAY
Narayana Hrudayalaya makes stellar debut, jumps 35%
Petronet LNG plans to start consultancy services in human resource
Aurobindo receives tentative approval for Prasugrel

The crucial resistance for Nifty FUTURE is now seen at 7847 and above this 7893.Support for the immediate term is now placed at 7711 and next support will be 7650.

Read our more services below:





on No comments:
Labels: , , , , , , , , , , ,

TOP CORPORATE NEWS-06 JANUARY 2016

Intraday Stock Futures

Narayana Hrudayalaya makes stellar debut, jumps 35%
Shares of Narayana Hrudayalaya got listed at Rs291 on the bourses with a premium of over 16% over its issue price of Rs250.
The shares of the Company witnessed significant investor demand and jumped as much as 35% to touch high of Rs343.20 on BSE and Rs345.65 on NSE.

HMT jumps after CCEA approves to shut 3 units
HMT rallied over 17%, touching to Rs60.05, after the government approved closure of HMT Watches, HMT Chinar Watches and HMT Bearings.

SRF gains in volatile market
SRF rose over 4%, to Rs1333.7, after the company announced that power and basic utilities have been restored in the company's plant at Manali, Chennai.

Petronet LNG plans to start consultancy services in human resource
Petronet LNG plans to start consultancy services and training in human resource capability related to the industry.
The boards of directors have given their approved to amend its Memorandum of Association for the same.

Aurobindo receives tentative approval for Prasugrel
Aurobindo receives tentative approval for Prasugrel, used by patients with heart diseases – Big positive as there is no generic equivalent in US for the drug currently and the patent expires in April 2017.

Read our more services below:





on No comments:
Labels: , , , , , , , , , ,

INDIAN EQUITY MARKET OUTLOOK-06 JANUARY 2016

Sgx Nifty

INDIAN BENCHMARKS are likely to open on a flat note as the global cues look muted with SGX Nifty trading unchanged. The key domestic equity benchmarks are set to witness a flat opening, with a negative bias on Wednesday as investors and speculators resort to a cautious approach tracking a mostly weak trend in Asia amidst ongoing worries surrounding China. The CNX Nifty Index futures for January delivery fell 0.03 per cent or 2 points at 7,779 at 10:27 am Singapore time, signaling that the Sensex may open tad lower today.

Headlines for the day:
• Aurobindo  receives tentative approval for prasugrel 
• India Index Services launches Private Sector Bank Index 
• Jaguar Land Rover December 2015 US Retail volumes up 29.6%

Global Indices:
• Asian stocks were trading mostly lower as a slowdown in China’s services activity raised concerns over the world’s second biggest economy while the country set a weaker fix for the yuan, signaling pressure on policymakers to devalue the currency to support the economy. The People’s Bank of China cut the yuan reference rate by 0.22 per cent, the most since November 3, to 6.5314 per dollar.

• Shanghai Composite bounced back after a severe two-day rout, but Hang Seng fell as the China services index declined to 50.2 in December from 51.2 in November. Japan’s Nikkei 225 fell as a stronger yen curbed the lure for exporter stocks. Wall Street closed little changed on Tuesday as traders weighed China’s move to stabilize the country’s stock markets while December auto sales from top US automakers disappointed.

• The Dow Jones Industrial Average climbed 0.06 per cent; the Nasdaq Composite dropped 0.24 per cent while S&P 500 advanced 0.20 per cent.

Trend in FII flows: The FIIs were net  sellers of  Rs -352.42 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 13.19 Cr, as per the provisional figures released by the NSE.

Read our more services below:



on No comments:
Labels: , , , , , , , ,

CS ROCKING PERFORMANCE OF THE DAY-05 JANUARY 2016

Sgx Nifty Futures

STOCK FUTURES:

FUTURES INTRADAY:
ASIAN PAINT FUTURE  BUY  CALL 3 TG 
TATA STEEL   BUY CALL 3 TGT 
PIDILITIND  CALL 3 TG 

OPTION:
TATA STEEL 270 CALL  BUY CALL 3 TG
HDIL 80  CALL  BUY CALL 3 TG 
ASIAN PAITS 900  CALL  BUY CALL 2 TG 

STOCK CASH

STOCK CASH INTRADAY:
LAMBODHARA  BUY CALL 3 TG 
CROMPGREAV  BUY CALL 3 TG 
INDOTECH  BUY CALL 3 TG  
MAJESCO  BUY CALL 3 TG 
RAJESHEXPO BUY CALL 2 TG 
JSW STEEL BUY CALL 2 TG 
ASIAN PAINT BUY CALL BOOKED AT 897.60  
IBULHSGFIN  BUY CALL COST EXIT  

STOCK CASH  PREMIUM:
NILKAMAL  BUY CALL 3 TG 
MAJESCO  BUY CALL 3 TG 
JSW STEEL BUY CALL 2 TG  

Read our more services below:




on No comments:
Labels: , , , , , , , , , , ,

INDIAN EQUITY MARKET WRAP UP-05 JANUARY 2016

Bank Nifty Live

INDIAN BENCHMARKS: SENSEX ENDS 43 POINTS DOWN, NIFTY 50 HOLDS 7750

The domestic equity market traded range bound on Tuesday, tracking mixed cues from other Asian and European markets. While the Chinese state authorities intervened to ease the panic in the market, the volatility in stocks kept investors nervous, hampering initiation of fresh positions on the benchmarks. 

The S&P BSE Sensex lost 43 points, or 0.17 per cent, to close the day at 25,580. Nifty50, the 50-stock barometer, closed at 7,785, down 6.69 points, or 0.1 per cent. Tata Steel and GAIL were the top gainers in the index. Selling was seen on the counters of HDFC Bank, TCS, Infosys and HUL, which weighed heavy on the BSE benchmark. 

HEADLINES OF THE DAY
Indraprastha Gas surges 6%; SC asks Oil Ministry to set up new CNG pumps in NCR
Reliance Cap gets CCI nod to acquire Goldman Sachs Onshore Asset management business
JSW Steel gets partial relief from Karnataka HC; stk up

The crucial resistance for Nifty FUTURE is now seen at 7887 and above this 7940.Support for the immediate term is now placed at 7760 and next support will be 7711.

Read our more services below:



on No comments:
Labels: , , , , , , , , , , ,

TOP CORPORATE NEWS-05 JANUARY 2016

Intraday Stock Futures

Indraprastha Gas surges 6%; SC asks Oil Ministry to set up new CNG pumps in NCR
The scrip opened at Rs. 525.95 and has touched a high and low of Rs. 571.55 and Rs. 520.4 respectively.

Reliance Cap gets CCI nod to acquire Goldman Sachs Onshore Asset management business
Reliance Capital Ltd has announced that it has received CCI nod to acquire Goldman Sachs' Onshore Asset management business.

BHEL starts 600 MW thermal unit in Telangana
Bharat Heavy Electricals Ltd (BHEL) said it has successfully commissioned the first 600 megawatts coal-based thermal power plant in Telangana
Bharat Heavy Electricals (BHEL) said that the unit, commissioned at Kakatiya Thermal Power Project (TPP) at Chelpur in Warangal District of Telangana, is the highest rating unit in the state.

JSW Steel gets partial relief from Karnataka HC; stk up
JSW Steel announced that the Karnataka high court on December 03, 2015 provided a partial relief on the payment of Forest Development Tax (FDT) while hearing a petition filed by mine owners and the purchasers of iron ore, including JSW Steel on the levy of FDT by the Karnataka state government.

Petronet LNG is set to renegotiate Australia gas price
Petronet LNG is set to renegotiate Australia gas price after successfully renegotiating Qatar gas price.
The contract was signed in 2009 however the off-take of the Australian gas would start from early 2017.

Read our more services below:




on No comments:
Labels: , , , , , , , , , , ,

INDIAN EQUITY MARKET OUTLOOK-05 JANUARY 2016

Sgx Nifty

INDIAN BENCHMARKS were trading on a positive note during the morning trading session tracking a rebound in China after the regulator planned to unveil measures to boost its economy. HDFC contributed the most to the Sensex gains along with Tata Motors and engineering major L&T. At 9:36AM BSE SENSEX was at 25653.68, up by 30.33 points or by 0.12% while the NSE Nifty was at 7814.6, up by 23.3 points or by 0.3%. The BSE MIDCAP was at 11131.33, up by 20.88 points or by 0.19% while the BSE SMLCAP was at 11860.16, up by 52.34 points or by 0.44%. 

The top gainers");'> gainers of the BSE Sensex pack were Tata Steel 2.33%, ONGC 1.26%, GAIL 1.08%, BHEL 0.97%, Tata Motors 0.76%, among others. 
The top losers");'> losers of the BSE Sensex pack were SBI 0.75%, Axis Bank 0.64%, Coal India 0.56%, Infosys 0.56%,  HUL 0.48% among others. 

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of total 1759 shares traded, 1338 shares advanced, 366 shares declined while 55 were unchanged. Among the sectoral indices on BSE, BSE Oil&Gas index was at 9528.63, up by 69.34 points or by 0.73% led by Petronet LNG 2.10%, ONGC 1.26%,  IOC 1.24%, GAIL (India) 1.08%, Cairn India 0.90%. 
Asian stocks were trading with marginal gains with Chinese stocks witnessing a recovery from early lows after the rout in the previous session. Shanghai Composite was up 0.4% while Nikkei rose 0.4%. Among others, Hang Seng was trading flat with negative bias while Straits Times was trading flat.

Trend in FII flows:   The FIIs were net  sellers of  Rs -667.15 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 222.78 Cr, as per the provisional figures released by the NSE.

Read our more services below:



on No comments:
Labels: , , , , , , , , , ,

CS ROCKING PERFORMANCE OF THE DAY-04 JANUARY 2016

Sgx Nifty Futures

STOCK FUTURES:

FUTURES INTRADAY:
HUL  BUY CALL 2 TGT
BEML  FUTURE BUY CALL 1 TGT 
                                                                                                                                                                                                          
NIFTY FUTURES:
NIFTY FUTURES BUY CALL 2 TG 

OPTION:
HUL 860 CALL BUY CALL  2 TGT
TATA STEEL 270 CALL BUY CALL  SL HIT 

STOCK CASH

STOCK CASH INTRADAY:
IRB INFRA  BUY CALL 2  TGT 
MAJESCO  BUY CALL 1 TGT 
CADILAHC  SELL  CALL COST EXIT 
RIIL   BUY CALL SL HIT 

Read our more services below:




on No comments:
Labels: , , , , , , , , , ,

INDIAN EQUITY MARKET WRAP UP-04 JANUARY 2016

Bank Nifty Live

INDIAN BENCHMARKS: SENSEX PLUNGES 537 POINTS FOLLOWING THE GLOBAL CUES, NIFTY 50 BELOW 7800

The domestic equity market came under the bear grip on Monday, as equity markets the world over succumbed to selling pressure on fears of further economic slowdown in China. 
China's December manufacturing PMI slipped to 48.2 from 48.6 in November, heightening investor fears and causing the Shanghai Composite and Shenzen Composite to tumble 6.85 per cent and 8.22 per cent, respectively. The country's share market later suspended trading for the rest of the day as the newly-introduced circuit breakers got triggered. 

The S&P BSE Sensex slumped 537 points, or 2.05 per cent, to 25,623.35 tracking the widespread selling in other Asian and European markets. Nifty50, the 50-stock barometer, slipped 172 points, or 2.16 per cent, to 7,791. Tata Motors and Hindalco were the top losers in the BSE benchmark.

HEADLINES OF THE DAY
Ashok Leyland surges on strong sales in Dec 2015
IRB Infra bags Rs10, 050 crore project in J&K
Eicher Motors logs 41% sales growth; stock up

The crucial resistance for Nifty FUTURE is now seen at 7887 and above this 7940.Support for the immediate term is now placed at 7760 and next support will be 7711.

Read our more services below:




on No comments:
Labels: , , , , , ,

TOP CORPORATE NEWS-04 JANUARY 2016

Intraday Stock Futures

Ashok Leyland surges on strong sales in Dec 2015
Ashok Leyland rose nearly 4%, touching to  Rs91.95, after the company reported 31% growth in total sales to 12,209 units in December 2015 over December 2014.
Ashok Leyland December 2015 volumes up an impressive 31.4% YoY to 12,209 units; beat estimates.

IRB Infra bags Rs10, 050 crore project in J&K
IRB Infrastructure has bagged Rs10,050 crore project from Ministry of Road Transport and Highways for construction, operation and maintenance of Zozila Tunnel spanning 14.08 kms (longest in Southeast Asia) in J&K on annuity basis.

IOC hikes non-subsidized LPG, cuts ATF prices by 10%
IOC hiked non-subsidized LPG while cut the ATF prices by 10%
Indian Oil Corp (IOC) hiked prices of non-subsidized LPG, or cooking gas, cylinders by around Rs50, effective from Friday.

Eicher Motors logs 41% sales growth; stock up
Eicher Motors gained over 3%, touching to Rs17974.45, after total motorcycles sales rose 41% to 40,453 units in December 2015 over December 2014.
Eicher Motors motorcycle volumes for the month of December 2015 up 41.3% YoY; impact of Chennai floods contained, volumes beat estimates.

Punj Lloyd receives four highway EPC projects worth Rs1555 crore
Punj Lloyd has bagged 4 highway EPC projects in Bihar (4 laning of 60km of Simaria-Khagaria worth Rs567 crore), Chattisgarh (4/6 laning of 48km of Raipur-Simga section worth Rs513 crore), Odisha (4 laning with paved shoulders of 50km of Talebani-Sambalpur section worth Rs392 crore) and Punjab (4 laning with paved shoulders of 35km of Tallewal-Barnala section amounting Rs83 crore, 30% company stake in JV).

on No comments:
Labels: , , , , , , , , ,
Subscribe to: Posts (Atom)