INDIAN EQUITY MARKET WRAP UP-08 DEC 2014

INDIAN BENCHMARKS ended lows ; Infosys drags market lower

INDIAN EQUITY BENCHMARKS  posted their biggest fall in 7-1/2 weeks as IT services exporter Infosys Ltd slumped after its founders sold the company's stock, while metals and mining firms tumbled on data showing an unexpected fall in imports to China. The S&P BSE Se nsex and CNX Nifty ended 1.19%-1.17% lower each.

Fin Tech offloads 1.65 lakh MCX-SX shares to Jhunjhunwala

Dolphin Offshore jumps on extension of contract

Bajaj Auto to increase product prices in January

The crucial resistance for Nifty is now seen at 8628 and above this 8735. Support for the immediate term is now placed at 8475 and next support will be 8415.

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CS ROCKING PERFORMANCE OF THE DAY:

STOCK FUTURES:

FUTURES INTRADAY
IDEA FUTURES SELL CALL 3 TG
INFOSYS FUTURES SELL CALL 3 TG
DLF FUTURES BUY CALL 2TG
HEXAWARE  FUTURES SELL CALL 2 TG
KOTAK BANK FUTURES BUY CALL EXIT NEAR COST
ASIAN PAINT FUTURES BUY CALL BOOKED LOSS AT  811
BANK OF BARODA FUTURES BUY CALL BOOKED LOSS AT 1119

NIFTY FUTURES:
BANK NIFTY FUTURES SELL CALL 3 TGT
NIFTY FUTURES SELL CALL 2 TGT

OPTION:
DLF 160 CALL 1 TGT
INFOSYS 2000 PUT 1TGT
PFC 300 PUT 1 TGT

STOCK CASH:

STOCK CASH INTRADAY:
COAL INDIA BUY CALL 1 TGT

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TOP CORPORATE NEWS-08 DEC 2014

ONGC plans to invest Rs 16,000 crore
ONGC Ltd is planning to develop 45 drilling wells at a block in Krishna-Godavari basin at an estimated cost of Rs over Rs 16,000 crore, according to reports. Report stated that the company has approached the Ministry of Environment and Forests seeking clearance for preparing terms of References. ONGC will begin production in 2019, with a peak output of 4.5 million tonnes a year.

Oil Ministry plans to cut subsidy burden of ONGC
Oil Ministry is planning to cut subsidy burden of ONGC and reworking the fuel subsidy sharing formula to cut its payout by quarter through adjustment of statutory oil cess against its share, according to reports.

Report stated that the payout of upstream oil producers like ONGC is to be reduced to the extent of Rs 4,500 per tonne oil development cess they pay to the government.

ICICI Bank to increase ATM charges from January 1
ICICI Bank has announced a hike in ATM charges for saving account holders from January 1 next year, says report. Report stated that the number of free transactions in a month is fixed at five using own ATMs, while it has been capped at three for other banks' machines. The number of free financial and non-financial transactions have been reduced to three per month at six metros of Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad for transactions at non-ICICI Bank ATMs.

Shalimar Productions plans to set up a state of the art film studio
Shalimar Productions announced plans to set up a state of the art film studio 'Shalimar Studio' in Gujarat with complete production facilities. For this purpose, the Company has submitted the investment intention with the Government of Gujarat under Vibrant Gujarat 2015. Proposed to be spread over 100 acres, the project cost is Rs23 crore in the first phase.

Maruti Suzuki bags deal from Indian Army for Gypsy
Maruti Suzuki has received an order for about 4,000 units of its sports utility vehicle Gypsy from the Indian Army.  This is the single largest order the company has received for the Gypsy from the Indian Army.

GAIL India signs agreement with WGL for buying gas
GAIL India Ltd has signed an agreement with US-based WGL for buying about 2.5 million tonnes of gas for 20 years and the supplies are  expected to commence from late 2017; Sentimentally Positive for Gail.

Reliance Industries plans to buy Seven Hills Healthcare
Oil The Nita-led Reliance Foundation, which is the philanthropic arm of energy-to-retail Reliance Industries (RIL),  has signed a non-disclosure agreement with Dr Jitendra Das Maganti and private equity investor JP Morgan, who together own SevenHills Healthcare, which is valued at Rs2,000 crore.

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Commodity Market News-08 Dec 2014

Gold Prices plummeted by Rs 195 to Rs 26,675 per 10 grams at the bullion market in the national capital today due to a weakening trend overseas.

Silver followed suit and ended lower by Rs 200 to Rs 36,700 per kg on lack of buying support from industrial units and coin makers.

Copper Prices moved up by Rs 1.05, or 0.26%, to Rs 404.45 per kg in futures trade today.

Crude Palm Oil Prices rose by Rs 2.50 or 0.58% to Rs 430.50 per 10 kg in futures trading today, largely in tandem with a firming trend at spot markets on good demand.

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Sensex, Nifty flat; Infosys falls 3%, SpiceJet loses 9%

Equity benchmarks opened marginally lower on first day of the week led by Infosys. The Sensex fell 5.64 points to 28452.46 and the Nifty declined 5.30 points to 8533.

About 742 shares have advanced, 316 shares declined, and 65 shares are unchanged on the BSE.

Infosys plunged more than 3 percent after 3.3 crore shares traded in multiple blocks on BSE, NSE in early trade.

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INDIAN EQUITY MARKET OUTLOOK-08 DEC 2014

INDIAN BENCHMARK  are likely to open higher  today tracking a firm trend in most Asian markets after  a positive closing at Wall Street on Friday.  SGX Nifty is trading 1.00 points lower. higher                      

FURTHER, Jet likely to drop plan to transfer ATR turboprop fleet to JetLite.

SpiceJet board to meet on Monday over DGCA order

AstraZeneca, Ranbaxy prevail in Nexium antitrust trial

Trend in FII flows: The FIIs were net sellers of Rs -109.45 cr in the cash segment on Friday while the DIIs were net sellers of Rs. 166.05 cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-04 DEC 2014

INDIAN BENCHMARKS ended highs amid volatility

INDIAN EQUITY BENCHMARKS  hit a record high continued hopes for global monetary stimulus measures, while ITC Ltd surged more than 5% to a six-month high on media reports the government was rethinking a potential ban on the sale of loose cigarettes. The S&P BSE Sensex and CNX Nifty ended 0.42%-0.31% higher each.

Cigarette shares surge 5-6% as govt unlikely to ban sale

Cox & Kings surges on partnership with Fonciere des

ABB rallies on winning order worth Rs334 crore

The crucial resistance for Nifty is now seen at 8675 and above this 8665. Support for the immediate term is now placed at 8535 and next support will be 8450.

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CS ROCKING PERFORMANCE OF THE DAY:

STOCK FUTURES:

FUTURES INTRADAY
TATA CHEMICALS  FUTURES BUY CALL 3TG
HEXAWARE LTD FUTURES BUY CALL 2TGT
SUN TV FUTURES BUY CALL 1TGT
DISH TV  FUTURES BUY  CALL 1TG
ENGINEERS INDIA  FUTURES BUY  CALL 1TG
SIEMENS LTD  FUTURES BUY  CALL COST EXIT

PREMIUM FUTURES
EICHER MOTORS FUTURES BUY  CALL  3 TGT
MRF FUTURES BUY CALL 3 TGT

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 2TGT

OPTION: 

SIEMENS LTD 940 CALL 3 TGT
ALLAHABAD BANK 130 CALL 3 TGT (BOOKED AT 9.55)
YES BANK 740 CALL  2 TGT
ITC 370 CALL COST EXIT

STOCK CASH:

STOCK CASH INTRADAY:
BF UTILITIES BUY CALL 3TGT
STRIDES ARCOLAB BUY CALL 3TGT
WOCKPHARMA BUY CALL 3TGT(BOOKED AT 1014)

STOCK CASH PREMIUM:
AJANTA PHARMA BUY CALL 2TGT

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TOP CORPORATE NEWS-04 DEC 2014

NTPC considers expansion of 1600 MW for Telangana
NTPC is considering expansion of its capacity of 1600 MW for its Telangana's Ramagundam power plant which is a part of the 4000 mw power plant project proposed to be set up in Telangana state. Cost of the Project would be between Rs5.5 crore to Rs6 crore per MW.

PMO proposes Oil ministry for sharing LPG and Kerosene
PMO proposed Oil ministry for sharing LPG and Kerosene subsidies between government and oil companies in 50:50 ratio.
The policy could bring long awaited clarity in the subsidy sharing formula; which would be sentimentally positive for all the OMCs (BPCL/HPCL/IOC) and subsidy bearing upstream companies (ONGC/OIL/GAIL).

M&M is race to buy Swedish car maker Saab’s holding company
India  raised factory gate duties on petrol by Rs2.25 ($0.04) per litre and on diesel by Rs1 rupee per litre with immediate effect, the finance ministry said in a statement to parliament.
The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.

Apollo Tyres launches India's largest loader tyre at IMME
Apollo Tyres launched AWL 822, the largest loader tyre produced in India, at the ongoing 12th International Mining and Machinery Exhibition (IMME) 2014 in Kolkata. The company also introduced ALT 188 TX tyre with the industry's first traction tread design at the exhibition. AWL 822, used for loaders and dozers in high-abrasion conditions, is manufactured using 1300 kg Rubber, 700 kg Carbon Black & Silica, 200 kg Nylon Fabric and 300 kg of other rubber chemicals. With a size of 45/65-45 L5, the tyre has a special tread design with stone ejectors for protection & trouble free service and side protector for improved resistance to shoulder and sidewall cuts.

Bajaj Electricals secures new order from Odisha Power
Bajaj Electricals announced that the Engineering & Project Business Unit of the Company has bagged a new order for EHV sub-station and associated transmission line from Odisha Power Transmission Company (OPTCL) worth Rs31.35 crore.

Fin Min is stepping up efforts to sell stake in Hindustan Zinc
The  finance ministry is stepping up efforts to sell the residual stake the government holds in Hindustan Zinc, majority owned by the Vedanta Group.
The ministry indicates that there is no legal hurdle and the finance ministry has already initiated the process of the remaining stake and the sale could be completed within the financial year.

Oil Min disallows development costs of $2.376 billion for RIL
Oil ministry disallowed development costs of $2.376 billion for RIL, leading to additional profit petroleum liability of $195.3 million for 2013-14; negative for RIL
The Minister of State for Petroleum & Natural Gas informed in Rajya Sabha that the ministry had disallowed development cost based on the cumulative shortfall in production of gas vis-a-vis production estimates under the approved AIDP (Addendum to Initial Development Plan) for corresponding years incurred by the Contractor, RIL.

Daily Commodity Market News-04 Dec 2014

Bullion

Gold
Spot gold prices gained by 0.89 percent to $1209.2/oz on Wednesday boosted by firmer oil prices that prompted investors to shuffle positions while largely shrugging off the firm U.S. dollar.

Silver
Spot silver prices declined by 0.2 percent to $16.4/oz in contrary to the gains in gold prices. Strength in the dollar index coupled with decline in copper prices also acted as a negative factor.

Energy

Crude Oil
Brent crude oil futures price declined by 0.9 percent while NYMEX WTI oil prices rose by 0.7 percent on Wednesday after data showed a surprise tumble in inventories, but a report suggesting Saudi Arabia expected still lower prices for oil sent Brent below $70 a barrel. The spread between Brent and U.S. crude, narrowed to below $3 a barrel, its lowest in 1-1/2 months.

Natural gas
U.S. natural gas futures slid nearly 2 percent on Wednesday, its fourth straight losing session, on forecasts for continued warmer-than-normal weather over the next two weeks. Meanwhile, the natural gas inventory report due tonight by the EIA is expected to show a withdrawal of 41 bcf billion cubic feet of gas from storage last week.

Base Metals
The base metals pack traded on a mixed note in yesterday’s session on the back of unfavorable employment figures from the US economy acting as a negative factor. Further, strength in the DX exerted downside pressure on the prices.

Copper
LME Copper prices plunged around 0.6 percent yesterday on the back of unfavorable non-farm employment figures from the US hinting towards slow growth in world’s largest economy. Further, strength in the DX exerted downside pressure on the prices.

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Sensex gains over 250 pts; ITC surges 5%

The market has opened at all-time high once again. The Sensex is up 282.94 points or 0.9 percent at 28725.65, and the Nifty is up 44.75 points or 0.5 percent at 8582.40. About 510 shares have advanced, 107 shares declined, and 27 shares are unchanged.

ITC is up 5 percent while Cipla, ONGC, Tata Motors and BHEL are other top gainers in the Sensex. Among the losers are ICICI Bank, Sun Pharma and Coal India.

The Indian rupee opened on flat note at 61.93 in the early trade. It has closed at 61.91 Wednesday.

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INDIAN EQUITY MARKET OUTLOOK-04 DEC 2014

INDIAN BENCHMARK  are likely to open higher today tracking a bullish trend in Asian stocks and a record closing at Wall Street overnight . SGX Nifty is trading 2.50 points higher

FURTHER, BPCL to diversify into petrochemicals

Strides' arm to set up facility in Malaysia for Rs 360 crore

Empee Sugars registered with BIFR

Trend in FII flows: The FIIs were net buyers of Rs 391.07 cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. -157.23 cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-03 DEC 2014

INDIAN BENCHMARKS Narrow trade; flat end on Dalal Street

INDIAN EQUITY BENCHMARKS edged higher on snapping two days of falls, as oil explorers rose after recent sharp falls, while some firms seen as sensitive to rates extended recent rallies on hopes the central bank would ease policy early next year. The CNX Nifty ended 0.15% higher today.

The Reserve Bank of India kept interest rates unchanged at 8% as widely expected, staying focused on containing inflation while adopting a more dovish tone in respo nse to the government's call for help to revive economic growth. However, the central bank indicated rates could ease early next year as inflation shows signs of cooling.

BHEL rose 2.50%, after the company said it successfully commissioned India's first phase shifting transformer in Telangana.

Further, Eicher Motors rose 7.14%, after a foreign brokerage resumed coverage on the stock with a 'Buy' rating, citing strong demand for Royal Enfield.

Pennar Industries rose 2.88%, after the company along with its subsidiary secured orders worth Rs102 crore in November 2014.

The crucial resistance for Nifty is now seen at 8670 and above this 8725. Support for the immediate term is now placed at 8545 and next support will be 8480.

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