28th Dec 2018 | 12:12 PM IST

Markets Ready To Bid A Happy New Year To Investors

Our Analysis

This week market witnessed a strong buying from lower levels, The buying was visible much more in heavyweight including some specific stock from the broader market, Once again the focus was on banks, NBFC as the government is infusing Rs 28,615 Cr in 7 PSBs. The market has not much reacted on the global clues, Considering we have to focus much more on the domestic trigger in the coming week which will drive the market, Crude & rupee will be closely watched. The market has made strong support indicating a range bound action for a while & we can also evidence VIX volatility index can decline further.

This Week’s Market Highlights:

Benchmark Indices:

1) Indian benchmark indices extended losses for the third straight day on Monday, taking cues from global markets as political uncertainties in the US and dim outlook of global economic growth dampened investor sentiment, Nifty closed at 10663.50.
2) Sixteen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Realty Index's 2.3 percent decline. On the flipside, S&P BSE Information Technology Index was the top gainer, up 0.5 percent.
3) On Wednesday, Indian benchmark indices made a roaring comeback from days low and ended the market with a bullish note, Nifty was up 66.40 points at 10729.90
4) Among sector indices, telecom gained most at 1.7% followed by finance, capital goods, bank, and industrials, which rose 0.6% to 0.9%. IT, realty, FMCG, healthcare, and power fell.
5) On Thursday Indian benchmark indices rose for the 2nd day in a row, following the positive trends in Asian stocks after there was the biggest rally in US stocks since 2009.
6) while the Nifty was higher by 49.90 points or 0.47% at 10779.80. Among the sector indices IT, energy, FMCG and media advanced over 1%, While auto, metal, bank, reality, and pharma declined.
70 Indian benchmark indices advanced on Friday, extending gains for the third day, led by banking stocks.

Broader Index & Global Market:

- Globally In the US after a steep fall, there was a sharp recovery post-Christmas despite the concern about rising interest rates, Donald Trump’s attacks on the Federal Reserve for raising those rates, a government shutdown and the continuing trade tensions between the US and China. Chinese shares marked their lowest close dragged down by Sinopec, The state-owned oil giant had suspended two top executives at its trading arm. while Japan’s Nikkei pulled out of bear market territory it had entered on Tuesday, jumped well over 3%.

- This week broader market Nifty midcap & smallcap index has traded mixed, Specific stock has witnessed the buying.

Movers & Shakers

Shares of REC jumped more than 8 percent in a week as The entire shareholding of REC Transmission Projects Company Limited (RECTPCL), a wholly owned subsidiary of REC Limited in Jawaharpur Firozabad Transmission Limited, containing of 50,000 equity shares, have been transferred along with all its assets and liabilities to Power Grid Corporation of India Limited, Power Grid was the successful bidder selected through tariff based competitive bidding process for evacuation of power from 2x660 MW Jawaharpur Thermal Power Project and construction of 400 kV substation at Firozabad along with associated transmission lines. Along with it, the board of directors of Power Finance Corporation has approved the strategic sale of government's stake in Rural Electrification Corporation to the state-owned financial institution.

Shares of Indian Oil Corp. Ltd plunged nearly 4 percent as the Land availability may turn out to be the biggest hurdle in an ambitious plan by state-run oil marketing companies (OMCs) to open close to 80,000 petrol pumps in the next three years, according to company officials. Of the proposed number, Indian Oil Corp. Ltd plans to open 37,971 retail outlets, A low strike rate is because getting permissions for land approval is the biggest impediment in setting up a petrol pump. More often than not, the land is not approved and even if it is, in many cases, it goes into litigations

Key Market Drivers

  • Government mulls additional Rs 7,400 crore soft loan to sugar mills.
  • K Subramanian has taken charge as a chief economic advisor.
  • The GST Council met on Saturday and announced a cut in tax rates for 22 goods and services. Seven goods have been taken out of the highest tax bracket of 28 percent. These include monitors and television screens up to 32 inches, re-treaded tyres, power banks of lithium-ion batteries. The Council chose not to lower rates on specific high-revenue items in the 28 percent bracket. Cement, which brings the government Rs 13,000 crore, in revenue, has been left at the peak rate. The tax rate on 13 auto part items, that fetch around Rs 20,000 crore in revenue annually, has also been left unchanged at 28 percent.
  • President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as well as the impact of a partial U.S. government shutdown.US President Donald Trump’s budget director and chief of staff on Sunday said the partial US government shutdown could continue into January when the new Congress convenes and Democrats take over the House of Representatives.
  • Foreign investors have told GIFT authorities that they would be interested to invest in funds pooled in IFSC as long as they are not required to have a permanent account number (PAN) issued by the income tax department.
  • Executives from housing finance companies and non banking finance companies are having a meeting with Prime Minister Narendra Modi on Wednesday to seek easier norms regulating the sector as they battling a fund crunch & to overcome a slowdown in growth after the IL&FS defaults.
  • The Reserve Bank of India has formed an expert committee under former governor Bimal Jalan to decide the level of reserves that the RBI should hold.
  • The Commerce Ministry has taken a side of hiking import duty on aluminium to support domestic manufacturers, the basic customs duty on aluminium scrap and primary aluminium is 2.5 % & 7.5 %, respectively. Total production of aluminum in India is about four million tonnes and consumption is about 3.6 million tonnes. During the first quarter of the current fiscal, imports of aluminum scrap increased to 36,000 tonnes from 16,000 tonnes that were the problem arises for domestic players as there is an increase in import.
  • India is aiming to receive USD 100B in foreign direct investments in the next two years and special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest and operate, According to the statement of Union Minister Suresh Prabhu.
  • The government would fill Rs 28,615 crore by end-December in seven state-run banks to help them meet the regulatory norms on maintaining adequate capital buffers.

Event Watch

  • India Federal Fiscal Deficit
  • India Foreign Debt (USD)
  • India Infrastructure Output YoY
  • India Nikkei Services Purchasing Managers Index (PMI)
  • India Bank Loan Growth
  • India Deposit Growth
  • India FX Reserves (USD)

Stocks To Watch

KNR Construction & BEML is on the upside while SRF is on the downside.

Share Market News 27-December-2018

Nifty ends December series above 10,750; Sensex up 157 pts

Indian benchmark indices, Start ’s solid on Thursday morning following the positive trends in Asian stocks after there was the biggest rally in US stocks since 2009. The Sensex is up 289.36 points or 0.81% at 35939.30, while the Nifty is higher by 84.60 points or 0.79% at 10814.50. Among sectors, all of them are in the green, with maximum buying visible among banks, consumption, IT, and metals.

In the afternoon session, Indian benchmark indices extended gains. The BSE Sensex rose by 0.67 percent or 237.77 points to 35887.71 and the NSE Nifty 50 Index up by 0.58 percent or 62.20 points to 10,792.05. All sector were trading higher led by the IT, Energy. The broader markets too standing strong with benchmark indices, the NSE midcap and smallcap indices were trading up by 0.28% and 0.51%, respectively.

In the last hour of trade, Indian benchmark indices were trading higher, Nifty above 10800 Mark. Indian benchmark indices rose for the 2nd day in a row, the Sensex was up 157.34 points or 0.44% at 35807.28, while the Nifty was higher by 49.90 points or 0.47% at 10779.80. Among the sector indices IT, energy, FMCG and media advanced over 1%, While auto, metal, bank, reality, and pharma declined. In the broader market, the midcap ended 0.33% up and the smallcap rose by 0.23%.

Top Gainers

ADANIPORTS by 2.24% to Rs 385.00. , TECHM by 2.21% to Rs 708.90, INFRATEL by 2.06% to Rs 268.00., ZEEL by 2.03% to Rs 464.30., INFY by 1.91% to Rs 656.35.

Top Losers

BPCL By -2.01% to Rs 359.00, TATAMOTORS by -1.67% to Rs 168.05, HEROMOTOCO by -1.46% to Rs 3,129.00 ,BHARTIARTL by -1.37% to Rs.316.05 , TATASTEEL by -1.35% to Rs.506.50.

Analysis Of Top Gainer And Loser

ADANIPORTS is the top gainer in today's market, The company has announced about completing the import of 50 locomotives to Indian railway with complete satisfaction and no accident, The company also expect much more order coming in future as over 1,000 locomotives will be delivered to Indian Railways over the next 10 years

BPCL is the top loser in today's market, The shares of the oil retailers declined after Brent crude gained the most since December 2016

Key Market News

  • Foreign portfolio investors (FPIs) bought Rs 80 crore worth of domestic stocks on Wednesday & DIIs were net buyers to the tune of Rs 137.63 crore.
  • Executives from housing finance companies and nonbanking finance companies are having a meeting with Prime Minister Narendra Modi on Wednesday to seek easier norms regulating the sector as they battling a fund crunch & to overcome a slowdown in growth after the IL&FS defaults.
  • The Reserve Bank of India has formed an expert committee under former governor Bimal Jalan to decide the level of reserves that the RBI should hold.
  • The Commerce Ministry has taken a side of hiking import duty on aluminum to support domestic manufacturers, the basic customs duty on aluminum scrap and primary aluminum is 2.5 % & 7.5 %, respectively. Total production of aluminum in India is about four million tonnes and consumption is about 3.6 million tonnes. During the first quarter of the current fiscal, imports of aluminum scrap increased to 36,000 tonnes from 16,000 tonnes that were the problem arises for domestic players as there is an increase in import.
  • India is aiming to receive USD 100B in foreign direct investments in the next two years and special industrial clusters are being created for countries like Japan, South Korea, China and Russia where their companies can invest and operate, According to the statement of Union Minister Suresh Prabhu.

Stocks To Watch

INFY is on the upside while FORTIS is on the downside.

INFY is currently quoting at Rs.656.35, up by Rs 12.30 or 1.91% from its previous closing of Rs.644.05 on the NSE. The scrip opened at Rs.652.75 & has touched a high & low of Rs.663.25 and Rs.649.00 respectively. So far 1,53,33,756(NSE) shares were traded on the counter. The current market cap of the company is Rs 2,87,173.07Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 754.90 on 01-OCT-2018 & a 52 week low of Rs.503.00 on 05-JAN-2018.

FORTIS is currently quoting at Rs.134.50 down by Rs.-0.70 or -0.52% from its previous closing of Rs.135.20 on the NSE. The scrip opened at Rs.135.45 & has touched a high & low of Rs.136.50 and Rs.133.20 respectively. So far 17,83,966(NSE) shares were traded on the counter. The current market cap of the company is Rs.6,985.00Cr. The BSE/NSE group stock has touched a 52 week high of Rs.171.25 on 05-JAN-2018 & a 52 week low of Rs 107.10 on 06-FEB-2018.

Share Market News 26-December-2018

Sensex rebounce 640 Points From Day's low, Nifty Above 10,700

Indian benchmark indices, Start’s in a negative note as global markets remained under selling pressure over political uncertainty in the US and concern of global economic slowdown. The Sensex is down 155.73 points or 0.44% at 35314.42, while the Nifty is down 51.00 points or 0.48% at 10612.50. All sectors are trading in the red, with maximum selling visible among auto, IT, metals and pharma. The Nifty Midcap index is half a percent lower.

In the afternoon session, Indian benchmark indices showed slight recovery from day's low. The BSE Sensex fell 0.96 percent or -340.59 points to 35,129.56 and the NSE Nifty 50 Index dropped 0.87 percent or 92.90 points to 10,570.60. All sector except media were trading in red Lead by energy, reality, pharma. The broader markets hit badly compared to benchmark indices, the NSE midcap and smallcap indices were trading down by 1.22% and 1.12%, respectively.

In the last hour of trade, Indian benchmark indices rebounded from days low, Nifty was up 62.08 % trading at 10,729.5. Indian benchmark indices made a roaring comeback and ended the market with a bullish note, the Sensex closed up 179.79 points or 0.51% at 35649.94, while the Nifty was up 66.40 points or 0.62% at 10729.90. Among sector indices, telecom gained most at 1.7% followed by finance, capital goods, bank, and industrials, which rose 0.6% to 0.9%. IT, realty, FMCG, healthcare, and power fell. Flip Side in the broader market the BSE midcap ended 0.01% down and the smallcap declined 0.21%.

Top Gainers

ADANIPORTS by 4.53% to Rs 377.45. , ZEEL by 4.20% to Rs 455.10, BHARTIARTL by 4.00% to Rs 321.45., BAJAJFINSV by 3.01% to Rs 6,463.45., HDFCBANK by 2.13% to Rs 2,125.00.

Top Losers

SUNPHARMA By -2.22% to Rs 414.95, YESBANK by -1.62% to Rs 179.35, TCS by -1.28% to Rs 1,894.00 ,TATAMOTORS by -0.81% to Rs.171.10 , INFY by -0.76% to Rs.644.10.

Analysis Of Top Gainer And Loser

ADANIPORTS is the top gainer in today's market, The company declared that it has completed the import and delivery of fifty US made GE locomotives to Indian Railways, Commissioning of locomotives was completed between OCT 2017 - Nov 2018, A landmark record for logistic and port sector. All 50 locomotives were manufactured by GE Electromotive in the US and imported to Mundra port, APSEZ concluded the import with full customer satisfaction and ‘zero' incident.

SUNPHARMA is the top loser in today's market, The company is witnessing the selling pressure right when the rumor headed in the market that there is some concern of the corporate governance in the company.

Key Market News

  • There has been a nearly 600% increase in the settlement orders passed by Sebi over the past three financial years, with a record number of 200 orders passed in FY18 that accrued cumulative charges of Rs 30.8 crore to the regulator. In contrast, 34 cases were settled in FY16 resulting in charges amounting to Rs 4.4 crore.
  • Foreign investors have told GIFT authorities that they would be interested to invest in funds pooled in IFSC as long as they are not required to have a permanent account number (PAN) issued by the income tax department.
  • Bank of Japan policymakers disagreed on the feasibility of allowing bond yields to move more flexibly around the central bank’s zero percent target, reflecting the division within the board on how to address the growing dangers of prolonged easing.
  • President Donald Trump described Federal Reserve as the “only problemâ€� for the U.S. economy, as top officials convened to discuss the growing rout in stock markets caused in part by the president’s attacks on the central bank.
  • Investments in Indian capital market through participatory notes reached Rs 79,247 crore in November after hitting 9 year low.

Stocks To Watch

BEML is on the upside while SUNPHARMA is on the downside.

BEML is currently quoting at Rs.902.90, up by Rs 33.05 or 3.80% from its previous closing of Rs.869.85 on the NSE. The scrip opened at Rs.871.20 & has touched a high & low of Rs.905.00 and Rs.852.50 respectively. So far 60,26,948(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,748.10Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 1,639.65 on 29-DEC-2018 & a 52 week low of Rs.521.25 on 26-OCT-2018.

SUNPHARMA is currently quoting at Rs.414.95 down by Rs.-9.40 or -2.22% from its previous closing of Rs.424.35 on the NSE. The scrip opened at Rs.423.45 & has touched a high & low of Rs.423.45 and Rs.410.00 respectively. So far 84,06,699(NSE) shares were traded on the counter. The current market cap of the company is Rs.99,329.74Cr. The BSE/NSE group stock has touched a 52 week high of Rs.679.30 on 06-SEP-2018 & a 52 week low of Rs 390.60 on 11-DEC-2018.

Share Market News 24-December-2018

Reality and Metal Stocks Drag Markets, Sensex Down by 272 Points

Indian benchmark indices start on a positive note with the Nifty trading one-fifth of a percent higher. The Sensex was up 89.93 points or 0.25% at 35832.00, while the Nifty was higher by 21.80 points or 0.20% at 10775.80. Metals and automobiles are the ones to be in the red, while consumption, pharma and PSU banks were gainers. In the broader market, the Nifty Midcap was up quarter of a percent.

In the afternoon session, Indian benchmark traded marginally lower. The BSE Sensex fell 0.13 percent or -47.88 points to 35,694.19 and the NSE Nifty 50 Index dropped 0.25 percent or 26.40 points to 10,727. Among sectorial gauge Metal, Media, Reality was trading in the red While IT & FMCG trading in green The NSE midcap and smallcap indices were trading down by 0.41% and 0.79%, respectively.

In the last hour of trade, Nifty was trading around 10,725. Indian benchmark indices extended losses for the third straight day on Monday, taking cues from global markets as political uncertainties in the US and dim outlook of global economic growth dampened investor sentiment. The Sensex was down 271.92 points or 0.76% at 35470.15, while the Nifty was lower by 90.50 points or 0.84% at 10663.50. Sixteen of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Realty Index's 2.3 percent decline. On the flipside, S&P BSE Information Technology Index was the top gainer, up 0.5 percent. The BSE mid- and small-cap indices fell 0.54% and 1.14%, respectively.

Top Gainers

INFRATEL by 1.94% to Rs 264.90. , TCS by 1.38% to Rs 1,922.00, WIPRO by 1.23% to Rs 326.05., M&M by 0.90% to Rs 788.15., KOTAKBANK by 0.88% to Rs 1,238.00.

Top Losers

JSWSTEEL By -5.16% to Rs 292.10, HEROMOTOCO by -4.76% to Rs 3,166.00, IOC by -3.11% to Rs 135.41 ,BAJAJ-AUTO by -2.86% to Rs.2,728.00 , HINDALCO by -2.77% to Rs.217.80.

Analysis Of Top Gainer And Loser

INFRATEL is the top gainer in today's market, as The Airtel board has “approved the sale/transfer of up to 591.87 million equity shares (32%) of Bharti Infratel, to its wholly-owned subsidiary, Nettle Infrastructure Investments Ltd, to explore a potential monetization of its (Bharti) Infratel stake.

JSWSTEEL is the top loser in today's market, On the concern of availability of raw material at the right price and then there is the threat of cheap dumping from China.

Key Market News

  • Foreign investors have pumped in close to Rs 4,000 crore in the Indian capital markets this month.
  • Government mulls additional Rs 7,400 crore soft loan to sugar mills.
  • K Subramanian has taken charge as a chief economic advisor.
  • President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as well as the impact of a partial U.S. government shutdown.US President Donald Trump’s budget director and chief of staff on Sunday said that partial US government shutdown could continue into January when the new Congress convenes and Democrats take over the House of Representatives

Stocks To Watch

UPL is on the upside while TITAN is on the downside.

UPL is currently quoting at Rs.738.00, up by Rs 2.32 or 0.32% from its previous closing of Rs.735.65 on the NSE. The stock opened at Rs.736.00 and touched a high-low of Rs.747.70-Rs.721.00 respectively. So far 17,86,546(NSE) shares were traded on the counter. The current market cap of the company is Rs 37,533.46Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 828.50 on 24-JAN-2018 & a 52 week low of Rs.537.25 on 19-JUL-2018.

TITAN is currently quoting at Rs.883.15 down by Rs.-16.90 or -1.88% from its previous closing of Rs.900.05 on the NSE. The stock opened at Rs.900.10 & touched a high-low of Rs.902.80- Rs.874.00 respectively. So far 25,54,749(NSE) shares were traded on the counter. The current market cap of the company is Rs.78,160.69Cr. The BSE/NSE group stock has touched a 52 week high of Rs.999.70 on 18-APR-2018 & a 52 week low of Rs 723.30 on 09-OCT-2018.

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