INDIAN EQUITY MARKET WRAP UP-24 NOV 2014

INDIAN BENCHMARKS rose to record highs ; China and Europe whetted risk appetite globally,

INDIAN EQUITY BENCHMARKS  rose to record highs on Monday after the prospect of further policy stimulus in China and Europe whetted risk appetite globally, while expectations of more reforms during the ongoing winter session of parliament also helped.

Astral Poly Technik rose 0.62% after the company acquired 76% stake in Resinova Chemie for Rs212.80 crore.

Power Grid Corporation of India lost 2.90% after the Reserve Bank of India placed restrictions on further purchases of shares of the company by foreign portfolio investors.

Crompton Greaves surged 4.37%, after Avantha Power & Infrastructure signed a Memorandum of Understanding with Adani Power for sale of power plant.

The crucial resistance for Nifty is now seen at  8545 and above this 8610 . Support for the immediate term is now placed at 8495 and next support will be 8460.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

CS ROCKING PERFORMANCE OF THE DAY:

STOCK FUTURES:

FUTURES INTRADAY
TATA POWER FUTURES BUY CALL 2TG
ICICI BANK FUTURES BUY CALL 1 TG
DLF FUTURES BUY CALL 1TGT
ZEE LTD FUTURES BUY 1 TGT
SIEMENS LTD FUTURES BUY 1 TGT
INFOSYS FUTURES BUY 1 TGT

PREMIUM FUTURES
JSW ENERGY FUTURES BUY CALL 2TGT

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 1TGT

OPTION:
JSW ENERGY 85 CALL 3 TG
INFOSYS 4200 CALL 1TGT
BHEL 250 CALL EXIT AT 9.50

STOCK CASH:

STOCK CASH INTRADAY:
JINDAL STEEL BUY CALL 1TGT
ALLCARGO LOGISTIC BUY CALL SL TRIGRRED

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

TOP CORPORATE NEWS-24 Nov 2014

SBI to come up with roadmap for merger of subsidiaries
SBI Chief Mrs Arundhati Bhattacharya said that, the bank will come out with roadmap of merger of its associate banks in a month’s time. The merger of associate banks with result in further expansion in market share and hence will be positive for bank over medium to long term.

Sun Pharma-Ranbaxy: Court approves merger
Sun Pharma-Ranbaxy merger: Gujarat High Court approves merger; sentimentally positive. The Gujarat High Court has approved the proposed merger of Sun Pharma and Ranbaxy. However, a crucial clearance from competition commission of India (CCI) and competition commission in US remains pending.

A representative from CCI earlier disclosed to media that the CCI would take decision on merger by end of this month. Nonetheless, the approval of Gujarat High Court is a positive development for the company.

ICICI Bank gains 2% on stock split plans
Shares of private banking leader ICICI Bank Ltd gain 2% to Rs1763 on NSE as the bank has fixed record date as December 05, 2014 for the purpose of ascertaining the eligible shareholders who would be entitled to receive 5 (Five) equity shares of nominal value of Rs2 each in lieu of 1 (One) equity share of nominal value of Rs10 each of the Bank. Today the stock gained another 2 per cent as the stock rallied to a fresh all-time high of Rs 1,770. The stock is now up 1.8 per cent at Rs 1,766, and around 142,000 shares have changed hands at the counter so far on the BSE.

Tata Steel’s Thai unit expects net profit for 2014-15
Tata Steel’s Thai unit expects net profit for 2014-15; Sentimentally positive. It expects to post a net profit for the FY2015, bouncing back from a H1FY2015 loss by boosting sales of high-margin products. During H1FY2015, it reported a net loss of USD2.14mn due to weak construction demand and the impact of imports of steel bar products from China. It expects sales of more than 1.1 million tonne in the current financial year (as against 1.3 million tonne in previous year).

Aurobindo Pharma to consider raising of funds via securities
Aurobindo Pharma to consider raising of funds through securities; positive. The Board of Aurobindo Pharma is likely to meet on November 25, 2014, inter alia, to consider raising of funds through issue of securities. Aurobindo Pharma has recently announced to bidding for Natrol in US for US$132.5 million plus certain liabilities and it also plans Rs1300 crore capex over next two years. The company currently has debts close to US$440mn. The additional equities will ease off pressure on balance sheet.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

Commodity Market News-24 Nov 2014

BULLION

Gold prices gained marginally after sliding over the last two sessions at the domestic bullion market today due to renewed offtake by jewellery stockists and traders to meet seasonal demand.

Silver also recovered sharply to reclaim Rs 37,000 per kg-mark on heavy speculative demand coupled with firm industrial support.

ENERGY

Crude Oil and Brent Oil January futures are marginally up at $ 76.62 and $ 80.55, respectively.

Natural Gas January contract has slumped 4.5 per cent to $ 4.219.

BASE METAL

Copper March delivery is trading with a gain of 0.3 per cent at $ 30.37

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

Nifty hits 8500, Sensex strong; metals surge

The market opens at a record high once again. The Nifty hits 8500 in opening for first time. The 50-share index is at 8510, up 31.70 points while the Sensex is at 28461.77, up 120.46 pts.

Metal stocks are up with Sesa, Hindalco and Tata Steel as major gainers. Infosys and Tata Motors are other gainers. Bajaj Auto, ITC, NTPC, HUL and Dr Reddy's Labs are among the losers.

The Indian rupee opened higher by 7 paise at 61.69 per dollar on Monday versus 61.76 Friday.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

INDIAN EQUITY MARKET OUTLOOK-24 NOV 2014

INDIAN BENCHMARK  are likely to open on a positive note tracking a firm trend in Asian stocks and a record high closing at Wall Street on Friday as a surprise interest rate cut by China spurred optimism over the outlook for the world economy. SGX Nifty is trading 49.50 points higher.

FURTHER, Tata Motors to launch trucks with auto gear shift.

TNPL launches new paper brand 'GreenPal' targeting students.

Coal India unions call off strike

Trend in FII flows: The FIIs were net buyers of Rs 122.5 cr in the cash segment on Friday while the DIIs were net sellers of Rs. 137.59 cr, as per the provisional figures released by the NSE.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc. 

WEEKLY EQUITY MARKET REPORT-17NOV TO 22 NOV 2014

INDIAN BENCHMARKS ended at a record closing high on Friday as foreign investors continued to pile into domestically oriented blue-chips such as Asian Paints Ltd amid a slide in crude oil prices and data showing easing wholesale inflation. Data on Friday showed the wholesale price index rose an annual 1.77 percent last month; it’s slowest since September 2009, while data on Wednesday showed consumer prices rose at the slowest rate on record.

India will also benefit from Brent sliding below $77 per barrel to its four-year low, as it imports more than two-thirds of its fuel requirements.

The INDIAN BENCHMARKS SENSEX ended 0.38 percent higher at 28046.66 and the 50- share NIFTY ended 0.38 percent up at 8389.90.


GLOBAL MARKET CHASE

ASIAN STOCKS Nikkei has retreated from the seven-year high mark as investors turned cautious ahead of the release of GDP data and is currently trading flat with a negative bias.

U.S. STOCKS posted a fourth straight week of increases but ended little changed as losses in healthcare shares offset gains in energy.

EUROPEAN STOCKS fell back and U.S. stocks looked set to open flat after a mixed bag of euro zone growth numbers that showed France and Germany growing marginally but others like Italy still firmly in recession.

WEEK AHEAD

In the coming week, trend in global markets, investment by foreign portfolio investors (FPIs), the movement of rupee against the dollar and crude oil price movement will dictate near term trend on the bourses.

All eyes will be on the G-20 meet on Saturday, 15 November 2014. The Group of 20 leaders and finance ministers convene for their annual summit in Brisbane, Australia on Saturday, 15 November 2014 with an agenda focused on promoting economic growth and cracking down on loopholes that let multinational companies shift profit to low-tax countries.

Back home, investors' focus will remain on further policy announcements, if any, by the government.

CS ROCKING PERFORMANCE OF THE DAY:

STOCK FUTURES:

FUTURES INTRADAY
VOLTAS LTD FUTURES BUY CALL 3TG
KARNATAKA BANK FUTURES BUY CALL 2 TG
FEDERAL BANK FUTURES BUY CALL 1TGT
AXIS BANK FUTURES BUY 1 TGT

PREMIUM FUTURES
ICICI BANK FUTURES BUY CALL 1TGT

NIFTY FUTURES:
BANK NIFTY FUTURES BUY CALL 3TGT
NIFTY FUTURES BUY CALL 1TGT

OPTION:
SBIN 300 CALL 2 TG
BHEL 240 CALL 1TGT

STOCK CASH:

STOCK CASH INTRADAY:
ALSTOM T&D BUY CALL 2TGT
CAIRN INDIA BUY CALL BOOKED AT 243.50

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

INDIAN EQUITY MARKET WRAP UP-22 NOV 2014

INDIAN BENCHMARKS soar to record ; banks surge on Kotak-ING deal

INDIAN EQUITY BENCHMARKS  soared to record highs on Friday as lenders surged after Kotak Mahindra Bank's acquisition of ING Vysya sparked hopes for further consolidation in the sector, while expectations of more reforms in the winter session of Parliament also helped. The BSE Se nsex and the CNX Nifty ended 0.95%-0.90% higher each.

Cox & Kings fell 2.44% after the Board of Directors of the company at its meeting held on November 20, 2014 decided to open the qualified institutional placement issue.

Further , Yes Bank rose 4.01%, after the central bank allowed the purchases of the bank's shares by the foreigners after foreign holding fell below the caution limit.

Future Consumer Enterprise surged 9.14% after company completed the acquisition of the Nilgiris convenience store chain in the southern states of Kerala, Karnataka, Andhra Pradesh and Tamil Nadu.

The crucial resistance for Nifty is now seen at  8515 and above this 8550. Support for the immediate term is now placed at 8445 and next support will be 8375.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

TOP CORPORATE NEWS-22 NOV 2014

Kotak Mahindra Bank jumps on acquisition of ING Vysya Bank
Shares of Kotak Mahindra Bank gained nearly 9%, touching to Rs1260.9, after the Kotak Mahindra Bank announced it was acquiring ING Vysya Bank in an all-stock deal.ING Vysya Bank shareholders will get 725 Kotak Mahindra Bank shares for every 1,000 shares they hold. This exchange ratio indicates an implied price of Rs 790 for each ING Vysya share based on the average closing price of Kotak shares during one month to November 19, 2014, which is a 16% premium to a like measure of ING Vysya market price. The proposed merger would result in issuance of approximately 15.2% of the equity share capital of the merged Kotak.

Yes Bank jumps after RBI drops restriction on foreign buying
Yes Bank rose nearly 4%, touching to Rs702, after the central bank allowed the purchases of the bank's shares by the foreigners after foreign holding fell below the caution limit. The Reserve Bank of India ( RBI) on Thursday said restrictions placed on the purchase of its shares by foreign investors withdrawn.RBI in September said further share purchase by foreign investors will be allowed only after obtaining its approval.

ICICI Bank fixes record date for Stock Split
The Bank has also informed that, each American Depositary Share (ADS) of ICICI Bank will continue to represent two underlying equity shares as at present. The number of ADSs held by an American Depositary Receipt holder would consequently increase in proportion to the increase in number of equity shares. The stock is up 2% at Rs1730. The stock has hit a high of Rs1739 and a low of Rs1678.

Tech Mahindra acquires Lightbridge Communications
Tech Mahindra: Acquires Lightbridge Communications Corporation (LCC) in an all cash deal, will strengthen its position in Network space, we remain positive on the company.Tech Mahindra has announced its acquisitions of US based network solutions company Lightbridge Communications Corporation (LCC) for $240 million, in an all cash deal. The acquisition is likely get close by end January 2015 and Financials consolidation will happen in Q1FY16. For CY2014, LCC expects revenues of $430 mn and EBITDA margins of 8%.Currently LCC has total employees of around 5700, out of which 800 are US based and rest are outside Europe.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

Commodity Market News-21 Nov 2014

Gold:- Spot gold prices traded negative last week on combination of falling crude oil prices and strength in the dollar. Continued outflows from the ETF ’s further exacerbated the fall in gold prices. Higher U.S. quits rate and new jobless claims remaining near a 14-year low suggest the U.S. job market is moving toward full health, undermining gold's appeal as a hedge against economic uncertainty. Bullion investors looked to the currency and energy markets for trading cues.

Silver:- Last week, spot silver prices in the international markets traded lower for the entire week in line with fall in gold prices, however recovered strongly at the end of the week on short covering.

Base Metal:- Base metals may trade with sideways bias on mixed fundamentals. Copper may trade in range of 408-420 while Lead may move in range of 125-127. Aluminum may move in range of 125-127.50.

Copper:- Copper slipped on Thursday as weak manufacturing in China and slower business growth in the euro zone raised concerns about demand, while nickel hit a five-week high due to expectations of an ore shortage.

Crude Oil:- Brent crude oil steadied above $78 a barrel on reports that oil producers would agree to cut output next week offset weak economic data from China and Europe. Ministers from the Organization of the Petroleum Exporting Countries will meet in Vienna on Nov. 27 to decide how to respond to a collapse in oil prices that have fallen more than 30 percent in five months.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

Nifty opens mildly higher; Kotak-ING zoom 7-2%

Indian shares opened mildly higher, amid mixed cues from global peers and as yesterday's mega M&A action spurred some sentiment.

At open, the BSE Sensex was up 0.02 percent, or 7 points, to 28,070 while the Nifty rose 0.02 percent, or 3 points, or 8,405.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.

INDIAN EQUITY MARKET OUTLOOK-21 NOV 2014

INDIAN BENCHMARK  are likely to open on a flattish note today tracking subdued cues from Asian markets . SGX Nifty is trading 4.50 points higher.

                                                                                                                                                                                                       FURTHER, Indiabulls buys Chennai office complex for Rs600 cr.

Shriram EPC promoters increase shareholding as part of CDR scheme.

FIIs hike stake in Infosys to 43% in Jul-Sep quarter.

Trend in FII flows: The FIIs were net sellers of Rs -477.15 cr in the cash segment on Thursday while the DIIs were net buyers of Rs. 101.62 cr, as per the provisional figures released by the NSE.

Get free trading in equity tips, free equity tips, stock tips, stock cash tips, stock futures tips,  commodity tips, nifty tips, nifty futures, mcx tips, ncdex tips,  and share market tips etc.