INDIAN EQUITY MARKET OUTLOOK-09 DECEMBER 2015

Sgx Nifty

INDIAN BENCHMARKS are likely to start the session on a negative note as the global cues look unsupportive with SGX Nifty trading 22 points lower.
                                                                      
Headlines for the day:
•Tata Comm enters modified agreement for stake sale in Neotel 
•Kaya enters into agreement to purchase 75% stake in Iris Medical Centre 
•Tata Motors launches new version of SUV Safari Storme

Global Indices:

• Asian stock markets risked slipping to two-month lows on Wednesday as crumbling oil prices took a toll on energy and resource shares, with cooling demand from China putting more pressure on resources-reliant economies.

• Crude prices rose on Wednesday as Japan posted stronger than expected machinery orders and China announced an easing of some import taxes, lending the market at least temporary support in an environment of general oversupply.

• China's consumer inflation picked up slightly in November, while factories were plagued by persistent producer price deflation in another sign that Beijing's year-long easing efforts have yet to restore momentum to a fragile economy.

• European shares fell on Tuesday, with mining shares led lower by a slump in Anglo American to a new record low, and a top pan-European index falling to a 6-week low.

Trend in FII flows:   The FIIs were net  sellers of  Rs – 518.46 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 590.32 Cr, as per the provisional figures released by the NSE.


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INDIAN EQUITY MARKET OUTLOOK-08 DECEMBER 2015

Sgx Nifty

INDIAN BENCHMARKS are likely to start the session on a negative note as the global cues look unsupportive with SGX Nifty trading 37.50 points lower.
                                                                      
Headlines for the day:
• UFO Moviez gets service tax demand order 
• Ashok Leyland resumes operations at Ennore facility impacted by rains 
• Siemens  bags order worth Rs377 crore from Indian Railways

Global Indices:

• Asian stocks sank as tepid China trade data signaled a worsening slowdown in Asia’s biggest economy while tumbling oil prices hit shares of energy producers. China’s Shanghai Composite slid over 1.3 per cent while Hang Seng slumped over 1.7 per cent as China’s exports slipped for a fifth month on the trot, declining 3.7 per cent, year on year, in yuan terms, in November 2015.

• Japan’s Nikkei 225 fell over 1 per cent as a sell-off in energy producers overshadowed upbeat GDP data which showed that the world’s third biggest economy grew by an annualized 1 per cent in the September quarter, hence averting a recession.

• Wall Street treaded water on Monday with all three of the Dow Jones Industrial Average, the Nasdaq Composite and S&P 500 retreating led by a sell-off in shares of raw material producers and energy companies.

Trend in FII flows:   The FIIs were net  sellers of  Rs – 65.04 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs -54.9 Cr, as per the provisional figures released by the NSE.


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INDIAN EQUITY MARKET OUTLOOK-07 DECEMBER 2015

Sgx Nifty

INDIAN BENCHMARKS are likely to start the session on a positive note as the global cues look supportive with SGX Nifty trading 24.50 points higher.
                                                                      
Headlines for the day:

• GST Bill update: CEA-led committee suggests GST rate of 17-18 % 
• SBI looks to list subsidiaries to raise capital 
• NMDC cuts iron ore lump prices by Rs300/MT to Rs1,800/MT

Global Indices:

o Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world's biggest economy was well placed to handle an expected first increase in interest rates in almost a decade.

o European shares ended lower on Friday, extending losses from the previous session when the European Central Bank's new stimulus measures disappointed some investors, with oil stocks leading the fall.

Trend in FII flows: The FIIs were net  sellers of  Rs – 1745.72 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 1069.01 Cr, as per the provisional figures released by the NSE.

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INDIAN EQUITY MARKET WRAP UP-04 DECEMBER 2015

Bank Nifty Live

INDIAN BENCHMARKS: SENSEX ENDS 248 POINTS LOWER, NIFTY 50 BELOW 7800

The domestic equity market slipped on Friday after a less-than-expected stimulus from the European Central Bank, which on Thursday decided to cut bank lending rates to minus 0.3 per cent and extend its bond-buying program till March 2017. 

The S&P BSE Sensex tanked 248 points, or 0.96 per cent, to 25,638 while 50-stock benchmark Nifty50 ended at 7,781, down 82 points, or 1.05 per cent. M&M and HDFC were the top losers on the BSE benchmark. 

HEADLINES OF THE DAY
Sun Pharma announces USFDA approval for Gleevec
Rcom signs non-binding Term Sheet with Tillman Global
Apollo Tyres, Eicher operations near Chennai disrupted due to rains
Jain Irrigation gets shareholders nod to raise Rs400 cr

The crucial resistance for Nifty SPOT is now seen at 7832 and above this 7879. Support for the immediate term is now placed at 7765 and next support will be 7725.

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TOP CORPORATE NEWS-04 DECEMBER 2015

Intraday Stock Futures


Sun Pharma announces USFDA approval for Gleevec
Sun Pharmaceutical Industries has received final approval from US FDA for generic version of Gleevec. As per IMS MAT August 2015, these tablets have annual sales of approximately US$ 2.5 billion in the US. These tablets are indicated for the treatment of chronic myeloid leukemia.


Rcom signs non-binding Term Sheet with Tillman Global

Leading communication firm, Reliance Communications has said that it has signed a non-binding Term Sheet with Tillman Global Holdings, LLC and TPG Asia, Inc. (“TPG”) in relation to the proposed acquisition of RCOM’s nationwide tower assets and related infrastructure by Tillman and TPG.


Apollo Tyres, Eicher operations near Chennai disrupted due to rains

Apollo Tyres and Eicher Motors (Royal Enfield) operations near Chennai disrupted due to rains; sentimentally negative for the companies.


Jain Irrigation gets shareholders nod to raise Rs400 cr

Jain Irrigation Systems said its shareholders approved the proposal for raising more than 400 crore funds through issue of equity warrants and compulsorily convertible debentures to agri-business funding firm Mandala Co-Investment and a promoter.


SKS Microfinance raises loan ticket size

SKS Microfinance said it has raised loan ticket size for one and two years of tenure to Rs 30,000 and Rs 50,000, as per reports.


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INDIAN EQUITY MARKET OUTLOOK-04 DECEMBER 2015

Sgx Nifty

INDIAN BENCHMARKS may extend recent losses tracking weakness in Asian stocks. SGX Nifty is trading 58.00 points lower. Indian shares fell nearly 1% on Thursday, their biggest single-day percentage fall in more than two weeks after hawkish comments from US Federal Reserve Chair Janet Yellen reinforced the case for an interest rate hike later this month. The S&P BSE Sensex and CNX Nifty ended 0.89%-0.85% lower each. On Thursday (December 04, 2015) Sensex lost 231.23 points or 0.89% to settle at 25,886.62. The Nifty 50 index shed 67.20 points or 0.85% to settle at 7,864.15.
                                                                      
Major Headlines of the day:
• Jet Airways ATR planes cleared for low visibility operations
• Chennai Petroleum shuts 210,000 bpd refinery due to flooding
• Reliance Defence applies for 16 industrial licences

Trend in FII flows:   The FIIs were net  sellers of  Rs – 611.43 Cr in the cash segment on Thursday while the DIIs were net buyers of  Rs 521.11 Cr, as per the provisional figures released by the NSE.

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TOP CORPORATE NEWS-03 DECEMBER 2015

Intraday Stock Futures

Just Dial falls on brokerage downgrade
Just Dial dipped nearly 6%, touching to Rs863, on reports that Goldman Sachs has downgraded the stock to 'sell'.

Ajanta Pharma launches generic asthma treatment tablets in US
Ajanta Pharma has launched its generic Montelukast Sodium tablets used for treatment of asthma and seasonal allergies in the American market.
Ajanta Pharma USA Inc, a subsidiary of the company today announced the launch of Montelukast Sodium immediate release tablets in the strength of 10mg and Montelukast Sodium chewable tablets in 4mg & 5mg strengths.

Wipro acquires Cellent for Rs517 crore
Wipro acquires Cellent for 73.5 m euros (Rs517 crore), to expand its presence in continental Europe, negligible earnings impact.

CESC signs MOU with Silver Spring
CESC has signed MOU with Silver Spring, a US based Company and a market leader in Smart Grid space across the globe, for exploring business opportunities in India in the same space.

Axis Bank launches country's first 'display variant' debit card
Axis Bank said it has launched a 'display variant' debit card which does away with the hassles of generating one time password (OTP) over SMS while transacting.
The card, which is being made available for high-value NRE customers, has an embedded EMV chip, a display screen and a touch-sensitive button which helps generating the OTP on the card itself.

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Sensex, Nifty remain under pressure; ICICI, Tata Motors dip

Nifty Tips

The market remained under selling pressure with the Sensex falling 134.60 points to 25983.25 and the Nifty down 37.70 points to 7893.65.

The likelihood of Nifty going to 7500 is high and can happen anytime, but the general market may not fall in tandem

Shares of ITC, ICICI Bank, Tata Motors, Lupin, HUL, Mahindra & Mahindra, ONGC and Cipla were down more than 1 percent while Reliance Industries, Axis Bank, NTPC and Bharti Airtel bucked the trend with marginal gains.

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INDIAN EQUITY MARKET OUTLOOK-03 DECEMBER 2015

Sgx Nifty

INDIAN BENCHMARKS are likely to start the session on a cautious note as the global cues look unsupportive with SGX Nifty trading 38.50 points lower.
                                                                      
Events for the day:

• Nikkei India PMI Services 
• Nikkei India PMI Composite
Headlines for the day:

• Sun Life to Increase its stake in Birla Sun Life Insurance from 26% to 49% 
• Wipro acquires Cellent for 73.5 m euros 
• Ajanta Pharma receives USFDA nod for generic version of Namenda

Trend in FII flows:   The FIIs were net  sellers of  Rs – 60.61Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 78.31 Cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-02 DECEMBER 2015

Sgx Nifty Futures

FUTURES INTRADAY:
BPCL FUTURES BUY CALL 1 TGT 
AXIS BANK SELL CALL 1 TGT
AMARAJBAT SELL CALL  1 TG
BHARTI ARTL SELL  CALL  SL
                                                                                                                                                                                                            
NIFTY FUTURES:
NIFTY FUTURES SELL CALL 2  TG

OPTION:
TATA STEEL  240 CALL  BUY CALL 3 TG 
WIPRO  540 PUT HOLD FOR TOMORROW 

OPTION PREMIUM:
AXIS BANK 470 PUT  HOLD FOR TOMORROW 

STOCK CASH

STOCK CASH INTRADAY:
CESC  BUY CALL 2 TG 
ENGINERSIN  BUY CALL 1 TG 
CHENNPETRO SELL CALL 1 TG 

STOCK CASH  PREMIUM:
GODFRYPHLP  BUY CALL 3 TGT 

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INDIAN EQUITY MARKET WRAP UP-02 DECEMBER 2015

Bank Nifty Live

Bank stocks tanked on Wednesday on a new Reserve Bank of India (RBI) initiative to link their base rates to marginal cost of fund, while auto stocks bled on less-than-projected November sales data, making the benchmark equity indices to snap a four-day winning streak and close lower. 

Investors also turned cautious ahead of the US Federal Reserve's rate-setting meeting in mid-December. Lack of any visible progress on the GST Bill in the ongoing winter session of Parliament also hit sentiments on the Street. 
The S&P BSE Sensex ended 51 points, or 0.2 per cent, lower at 26,117 while the Nifty50 closed at 7,931, down 23 points, or 0.3 per cent. SBI and Infosys were the top losers on the BSE benchmark. 

HEADLINES OF THE DAY

Tata Steel up as overseas arm inks deal for refinancing debt
TVS Motor drops after Nov 2015 volumes come below estimates
Ceat partners Pirelli to distribute premium motorcycle tyres; stk up

The crucial resistance for Nifty SPOT is now seen at 7980 and above this 8035. Support for the immediate term is now placed at 7877 and next support will be 7812 intact.

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TOP CORPORATE NEWS-02 DECEMBER 2015

Intraday Stock Futures

Tata Steel up as overseas arm inks deal for refinancing debt
Tata Steel rose over 3%, touching to Rs245.65, after the company said its wholly-owned Singapore-incorporated subsidiary executed agreements worth $1.5 billion for refinancing its debt.

Yes Bank signs deal worth $265 mn with US companies
Yes Bank signs deals worth $265 mn with US companies for MSME lending
Yes Bank has signed an agreement with the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, for debt financing of $245 million to increase lending to micro, small and medium enterprises (MSMEs) in India.

Rcom to monetize tower arm Reliance Infratel
Media reports Rcom to monetize tower arm Reliance Infratel; deal to fetch Rs22000 crore- Positive
Reliance Communication is likely to announce sale of its tower arm Reliance Infratel. Private equity players Farallon Capital and Tillman Capital in race for the same and the deal valuation is likely at Rs22000 crore.
This would enable Rcom to deleverage its balance sheet and hence is positive for the company.

TVS Motor drops after Nov 2015 volumes come below estimates
TVS Motor Company dipped nealy 6%, touching to Rs285.75, after company reported a single digit 2.43% year on year increase in total sales at 225,401 units in November 2015. The Chennai-based company had sold 220,046 units in the same month last year.

Ceat partners Pirelli to distribute premium motorcycle tyres; stk up
Ceat rose nearly 4%, touching to Rs1088.2, after the company said it forged an exclusive distribution partnership with premium Italian tyre maker, Pirelli.

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INDIAN EQUITY MARKET OUTLOOK-01 DECEMBER 2015

Sgx Nifty

INDIAN BENCHMARKS are likely to start the session on a cautious note as the global cues look mixed with SGX Nifty trading 15 points higher.
                                                                      
Events for the day:
• Auto Sales and Cement Dispatches for September 
• RBI bi-monthly monetary policy 
• Nikkei India PMI Mfg

Headlines for the day:
• Maruti Suzuki to invest Rs15,000 crore to double sales network 
• India’s GDP growth for Q2FY16 stands at 7.4% versus 7.0% QoQ 
• Core Sector growth for October 2015 remains unchanged at 3.2% MoM
•

Trend in FII flows:   The FIIs were net  sellers of  Rs -1043.84 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 601.72 Cr, as per the provisional figures released by the NSE.

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