INDIAN EQUITY MARKET WRAP UP-10 NOVEMBER 2015

INDIAN BENCHMARKS: NIFTY BELOW 7800, SENSEX CRASHES 400 POINTS IN PRE-DIWALI TRADE

In a pre-Diwali trade, the market fell sharply in last hour of trade. The Nifty ended at lowest closing since September 8. The 50-share index slumped 1131.85 points or 1.7 percent at 7783.35 while the Sensex slipped 378.14 points or 1.4 percent at 25743.26.

Bajaj Auto, Hero Moto Corp, Maruti, M&M and Axis Bank are top gainers while ONGC, Dr Reddy's Labs, Hindpetro, Coal India, Lupin, and Reliance are losers in the Sensex

Headlines of the day:

Hindalco drops after weak Novelis earnings

Eros International Q2FY16 results beat estimates

Maruti Suzuki receives 21,000 bookings for Baleno

RESULT’S ON 13 NOV 2015: 

CESC, COALINIDA, KAVERI SEED, PRESTIGE ESTATE, SOBHA

The crucial resistance for Nifty is now seen at 7860 and above this 7910. Support for the immediate term is now placed at 7765 and next support will be 7710.

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TOP CORPORATE NEWS-10 NOVEMBER 2015

Maruti Suzuki receives 21,000 bookings for Baleno

Maruti Suzuki receives 21,000 bookings for its recently launched premium hatchback Baleno. The Baleno is being retailed exclusively through its Nexa outlets. Positive for the company

Hindalco drops after weak Novelis earnings

Hindalco Industries fell over 3%, touching to Rs77.2, after the company's subsidiary Novelis yesterday, November 09, 2015, reported a net loss of $13 million for second quarter of fiscal year 2016

Reliance Power Q2 consolidated net profit rises by 37% (YoY)

Reliance Power announced the following Q2 results for the quarter ended September 30, 2015 (YoY)

Un-Audited Standalone results for the Quarter ended September 30, 2015:

The Company has posted a net profit of Rs9.13 crore Vs Rs7.26 crore (YoY).

Total Income is at Rs86.93 crore Vs Rs95.68 crore (YoY)

Nalco to set up Rs 5,600 cr refinery in Odisha

Public sector firm, Nalco has said that it will soon set up a 1 mtpa refinery at Damonjodi in Odisha's Koraput district at an investment of Rs5,600 crore.

As per reports, this decision was taken when Union Mines Secretary Balvinder Kumar met Chief Minister Naveen Patnaik. The Union Mines Secretary also thanked Patnaik the state Government for recommending Potangi bauxite mines in favour of Nalco.

Eros International Q2FY16 results beat estimates

Eros international has delivered strong set of numbers and beats the estimates, revenues were up by 110.5% yoy to Rs505 crore, led by movies like ‘Bajrangi Bhaijaan’, ‘Srimanthudu’ (Telugu),‘Welcome Back’, ‘Hero’ among others. As a percentage of total Income for Q2FY16, theatrical Revenues contributed 59.1%, Overseas Revenues – 11.8%and Television &Others – 29.1%.

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Nifty opens below 7900, Sensex down 100 pts; ONGC falls 2%

The market started off Tuesday on a negative note with the BSE Sensex falling 115.29 points to 26006.11 and the Nifty declining 33.15 points to 7882.05. Weak global cues drove market lower.

ONGC, Hindalco Industries, Vedanta, Infosys, Coal India and IndusInd Bank were big losers in early trade, down 1-2 percent.

Tata Motors, L&T, NTPC, Tata Power, BPCL and Maruti Suzuki gained strength.

The Indian rupee has opened flat at 66.43 per dollar today against previous day's closing value of 66.44 a dollar.

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CS ROCKING PERFORMANCE OF THE DAY-09 NOVEMBER 2015

STOCK FUTURES:

FUTURES INTRADAY:

IOC FUTURE BUY CALL 3 TGTS

MARUTI FUTURES BUY CALL 3 TGTS

OFSS FUTURES BUY CALL 3 TGTS 

OPTION:

MARUTI 4500 CALL 3 TGTS

RELINFRA 400 CALL 2 TGT

STOCK CASH

STOCK CASH INTRADAY:

MOTHERSUMI BUY CALL 3 TGTS BOOKED 281.75

OFSS BUY CALL 2 TGTS

IOC BUY CALL 1 TGT BOOKED 414.6

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INDIAN EQUITY MARKET WRAP UP-09 NOVEMBER 2015

INDIAN BENCHMARKS: NIFTY CUT LOSSES AFTER INITIAL CRASH

The market has shown smart recovery, though it closed half a percent down on Monday after knee-jerk reaction to Bihar elections results announced Sunday. The Sensex crashed 608 points in early trade but short covering and value buying in major auto, PSU banks stocks helped it gradually get back above 26000 level. The 30-share BSE Sensex fell 143.84 points or 0.55 percent to 26121.40 and the 50-share NSE Nifty declined 39.10 points or 0.49 percent to 7915.20.

Headlines of the day:

Maruti launches WagonR with AMT technology

HPCL reports Q2 net loss at Rs320.50 cr

SUNPHARMA tanks 7% on poor results

RESULT’S ON 10 NOV 2015: 

HINDALCO ,NMDC,NCC,RENUKA

The crucial resistance for Nifty is now seen at 7990 and above this 8045. Support for the immediate term is now placed at 7890 and next support will be 7840.

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TOP CORPORATE NEWS-09 NOVEMBER 2015

Maruti launches WagonR with AMT technology

Maruti launches WagonR with AMT technology; to also offer safety package (Airbags & ABS) as optional on all variants

Maruti has launched variants of its hatchbacks WagonR and Stingray equipped with Automated Manual Transmission (AMT) technology priced between Rs4.76 lakh and Rs5.31 lakh.

Coal India to invest Rs6,000 crore in solar power generation capacity

Coal India ( CIL) will invest Rs 6,000 crore to set up 1,000 MW of solar power generation capacity over the next five to six years.

The projects will have 70% debt. CIL is also considering setting up floating solar panels on water bodies that are formed when a mine is closed down. – Positive for COAL India

HPCL reports Q2 net loss at Rs320.50 cr

Hindustan Petroleum Corporation Ltd (HPCL) has announced the following Q2 Un-Audited Standalone results for the quarter ended September 30, 2015 :

The Company has posted a net loss of Rs320.50 crore Vs net profit of Rs850.21 crore (YoY).

BPCL in JV with Gail Gas wins award

Bharat Petroleum Corporation and Gail Gas (100% subsidiary of GAIL India) has been awarded the authorisation for laying, building, operating and expanding of a City Gas Distribution Network (CGD Network) in the geographical area of Haridwar District by the Petroleum and Natural Gas Regulatory Board established under the PNGRB Act, 2006.

Tata Power to enhance focus on renewable capacity addition

Tata Power to enhance focus on Renewables by aggregating and carving out renewable assets to fully-owned subsidiary Tata Power Renewable Energy Ltd. (TPREL) and its subsidiaries

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निफ्टी में मार्केट एक्सपर्ट की राय.

निफ्टी में मार्केट एक्सपर्ट की राय...

मार्केट एक्सपर्ट  के अनुसार बिहार चुनाव के नतीजों का असर शॉर्ट टर्म में मार्केट की चाल पर देखने को मिल सकता है। निफ्टी 7800-7750 के स्तर तक आ सकता है। ऐसे में इन्वेस्टर्स गिरावट पर खरीददारी कर अपने पोर्टफोलियो में अच्छे फंडामेंटल वाले स्टॉक्स पर दांव लगा सकते है।...

जानिए निफ्टी मार्केट: http://goo.gl/eBFMBk

निफ्टी छू सकता है 7850 का स्तर, खरीददारी का मौका

बिहार चुनाव के नतीजों का असर निफ्टी पर 1 से 2 दिन से ज्यादा नही होगा। निफ्टी में 100 से 200 अंकों की कमजोरी आ सकती है। ऐसे में इन्वेस्टर्स  इस गिरावट में लॉन्ग टर्म के लिए दांव लगाकर अच्छे स्टॉक्स को अपने पोर्टफोलियो में शामिल कर सकते है। ...

निफ्टी के 7850 का स्तर छूने की आशंका

ट्रेड स्विफ्ट ब्रोकिंग के सीईओ संदीप जैन का कहना हैं कि मार्केट में नर्वसनेस बढ़ सकती है। बिहार चुनाव के नतीजों के बाद मार्केट में अच्छा खासा करेक्शन देखने को मिल सकता है। निफ्टी 7850 तक गिर सकता है। ...

एक्सपर्ट्स की राय... : http://goo.gl/dpZcaK

Sensex, Nifty trim losses; Tata Motors, SBI, Maruti rebound

The Sensex S&P BSE Sensex falling 333 points or 1.27 percent to 25,932.01 and the Nifty down 104.80 points or 1.3 percent to 7849.50. The broader markets recovered sharply from day's low, down 0.3 percent. 

Tata Motors (up 2 percent), State Bank of India (up over 1 percent) and Maruti Suzuki (up over 1 percent) rebounded amid market weakness. 

Sun Pharma also cut losses to 4 percent from more than 6.5 percent seen in early trade post Q2 earnings. Dr Reddy's Labs lost 3.5 percent. 

Shares of Infosys, HDFC, ICICI Bank, HDFC Bank, Reliance Industries, L&T, ONGC and Bharti Airtel were down 1-2 percent.

INDIAN EQUITY MARKET WRAP UP-06 NOVEMBER 2015

INDIAN BENCHMARKS: NIFTY CRACKS 7950 SENSEX DOWN

The market ended wih minor losses as the Sensex was down 38.96 points at 26265.24. The Nifty slipped 1.15 points at 7954.30. About 1050 shares advanced, 1620 shares declined, and 139 shares were unchanged. 

SBI, Reliance, Coal India, Infosys and Lupin were top gainers while Dr Reddy's Labs, Tata Steel, Tata Motors, Vedanta and GAIL were losers.

Headlines of the day:

Dr Reddy's tanks 11% post warning letter from USFDA

M&M Q2 profit down 2.4% on tax cost, revenue beats forecast

BHEL posts Q2 loss Rs 205 cr, revenue beats estimates

RESULT’S ON 7-9 NOV 2015: 

BRITTANIA,ANDHRABANK,SUNPHARMA,BPCL,BANKINDIA,HPCL,COALINDIA,REC,TATAPOWER.

The crucial resistance for Nifty is now seen at 8030 and above this 8110. Support for the immediate term is now placed at 7930 and next support will be 7890.

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TOP CORPORATE NEWS-06 NOVEMBER 2015

Dr Reddy's tanks 11% post warning letter from USFDA

Shares of pharma major Dr Reddy's Laboratories plunged 11.2 percent intraday Friday as it has received a warning letter from USFDA. "The warning letter is relating to its API manufacturing facilities at Srikakulam, Andhra Pradesh and Miryalaguda, Telangana, as well as Oncology Formulation manufacturing facility at Duvvada, Visakhapatnam, Andhra Pradesh.

BHEL posts Q2 loss Rs 205 cr, revenue beats estimates

State-run power equipment maker Bharat Heavy Electricals  (BHEL) has posted a loss of Rs 205 crore in July-September quarter against profit of Rs 124.84 crore in corresponding quarter of last fiscal. Lower revenue and weak operational performance hit bottomline but other income and tax write back limited losses. Revenue declined 3.35 percent to Rs 5,938 crore during the quarter compared to Rs 6,144 crore in same quarter last fiscal.

M&M Q2 profit down 2.4% on tax cost, revenue beats forecast

Utility vehicle maker Mahindra and Mahindra  's (M&M) standalone profit declined 2.4 percent to Rs 923.6 crore in July-September quarter compared to Rs 946.6 crore in year-ago period, impacted by tractor business and higher tax cost.

Eicher Motors Q3 net jumps 55% to Rs 255 cr, income rises

Eicher Motors has posted a consolidated net profit of Rs 255.5 crore in September quarter, up 55 percent from Rs 165 crore in corresponding quarter last fiscal. In third quarter, total income rose 37 percent to Rs 3122.5 crore versus Rs 2275 crore in year-ago period. The company follows January-December as its financial year.

Tata Global Q2 consolidated profit up 24% to Rs78 cr (YoY)

Tata Global Beverages has announced the following Q2 results for the quarter ended September 30, 2015 (YoY):

Audited Standalone results for the Quarter ended September 30, 2015

The Company has posted a net profit of Rs108.31 crore Vs Rs131.22 crore (YoY).

Total Income is at Rs852.61 crore Vs Rs831.60 crore (YoY).

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INDIAN EQUITY MARKET OUTLOOK-06 NOVEMBER 2015

INDIAN BENCHMARKS  started the session on a flat to positive note as the global cues look supportive with SGX Nifty trading 27.50 points higher.

                                                                          

Headlines for the day:

• Glenmark gets USFDA nod for Betamethasone dipropionate

• Torrent Pharma commences operations at Dahej plant

• Orbit Exports Q2FY16 sees Weak topline; margin expansion strong

TODAY’S RESULTS : AUROPHARMA,BHEL,BANKBARODA,EICHER,IGL,M&M,PNB,ONGC,SAIL,SRF,SBI,VOLTAS

Trend in FII flows:   The FIIs were net  sellers of  Rs -991.87 Cr in the cash segment on  Thursday while the DIIs were net buyers of  Rs 636.15 Cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-05 NOVEMBER 2015

INDIAN BENCHMARKS: SENSEX DOWN 249 POINTS, NIFTY BELOW 8000

Equity benchmarks as well as broader markets extended sell-off in last hour of trade on Thursday, especially ahead of Bihar exit polls and big earnings. Banking & financials, healthcare, technology and metals stocks dragged market. The 30-share BSE Sensex fell 248.72 points or 0.94 percent to 26304.20. The 50-share NSE Nifty closed below 8000-mark (for the first time since October 1), down 84.75 points or 1.05 percent to 7955.45.

Headlines of the day:

PM launches 3 gold schemes and national gold coin

Jubilant Foodworks Q2 net profit at Rs23.88 crore

Cummins India Q2 net profit at Rs198.62 crore

RESULT’S ON 6 NOV 2015: AUROPHARMA , BHEL , BANKBARODA , EICHER , IGL , M&M , PNB , ONGC , SAIL , SRF , SBI , VOLTAS

The crucial resistance for Nifty is now seen at 8030 and above this 8110. Support for the immediate term is now placed at 7930 and next support will be 7890.

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