Interim Budget and Earnings To Decide Fortune Of The Investors

Sensex halted two-day losing streak; YES Bank rallies 15%

Indian Equity Benchmark indices started the day on flat note, Nifty trading below 10,850 level. The Sensex was by down 2.76 points at 36105.71, while Nifty down by 2.10 points at 10829.40. Among sector compiled by NSE fell, led by the NSE Nifty Metal Indexs 0.55 percent decline.While, the NSE Nifty FMCG Index was the top sectoral gainer, up 0.79 percent. The market breadth was inclined in favor of buyers. About 374 shares have advanced, 306 shares declined, and 29 shares are unchanged.

In the afternoon session, Indian equity benchmarks were trading higher. The BSE Sensex up by 0.10 percent or 37.42 points to 36145.89 and the NSE Nifty 50 Index was up by 0.03 percent or 3.40 points to 10,834.90. Among sector Auto, pharma, infra were trading in red, While, reality, FMCG was in green. In a Broder Market, NSE mid-cap down by 0.22% and smallcap indices were trading lower by 0.18%, respectively.

In the last hour of trade, Nifty was trading at 10820 level. Indian equity benchmarks have ended the day on a positive note, paced by gains in Yes Bank. The Sensex was up 86.63 points or 0.24% at 36195.10, and the Nifty up 18.30 points or 0.17% at 10849.80. Among sectors, energy, IT and PSU banks were the big gainers, while auto and pharma witnessed some selling pressure. The MidCap Index fell 0.34 percent and the SmallCap Index declined 0.37 percent respectively.

Top Gainers

YESBANK by 14.32% to Rs 225.50. , RELIANCE by 1.85% to Rs 1,249.00, TCS by 1.41% to Rs 1,902.00., JSWSTEEL by 1.10% to Rs 284.00., TECHM by 1.01% to Rs 728.00.

Top Losers

INFRATEL By -5.38% to Rs 262.10, TATAMOTORS by -2.61% to Rs 175.55, UPL by -1.95% to Rs 748.00, ULTRACEMCO by -1.73% to Rs.3,784.00, SUNPHARMA by -1.71% to Rs.423.65.

Analysis Of Top Gainer And Loser

YESBANK is the top gainer in today's market shares, Yes Bank Surges After Naming Ravneet Gill As New CEO, and reporting its Q3 results :Net interest income up 41 percent at Rs 2,666.41 crore versus 1,889 crore (YoY),Net profit declines 7 percent to Rs 1,002 crore versus Rs 1,077 crore (YoY),Gross non-performing assets as a percentage of total advances at 2.10 percent versus 1.60 percent (QoQ),Net non-performing assets as a percentage of total advances at 1.18 percent versus 0.84 percent (QoQ), Provisions for bad loans down 41 percent at Rs 550 crore versus Rs 940 crore (QoQ)

INFRATEL is the top loser in today's market, Shares of the Telecom tower infrastructure provider Bharti Infratel on Wednesday reported a rise of nearly 11 percent in its consolidated net profit during the quarter ended December on a year-on-year basis. The consolidated net profit of the company during the third quarter stood at Rs 648.4 crore, against Rs 585.4 crore reported in the year-ago period. The consolidated total income of the company during the period under review rose by 2.51 percent to Rs 17,595 crore from Rs 17,163 crore earned during the corresponding period of the previous financial year.

Key Market News

• The high-level selection panel headed by Prime Minister Narendra Modi will meet on Thursday to decide on a new chief of the Central Bureau of Investigation, nearly two weeks after sacking the incumbent A.K. Verma.
• India will eventually surpass China in economic size and will be in a better position to create the infrastructure being promised by the Chinese side in South Asian countries, former RBI Governor Raghuram Rajan said Tuesday. Addressing a session on Strategic Outlook for South Asia, Rajan said Indian economy would continue to grow while the growth rate is slowing down in China.
• The government would be sticking to a routine and publishing an Economic Survey, essentially the economic report card for 2018-19, though normally this task is left to the next government. The government has appointed a panel under former Reserve Bank of India governor Bimal Jalan to select the next chief economic adviser in the finance ministry and so far it has held two meetings to vet 20 applications.
• A no deal Brexit would represent a major failure of Britains political institutions that would weigh negatively on the countrys creditworthiness, rating agency Moodys said on Wednesday
• Foreign portfolio investors (FPIs) sold Rs 775.82 crore worth of domestic stocks on Wednesday, DIIs were net buyers to the tune of Rs 583.77 crore.

Stocks To Watch

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

AUROPHARMA is currently quoting at Rs.791.15 up by Rs 8.05 or 1.03% from its previous closing of Rs.783.10 on the NSE. The scrip opened at Rs.785.00 & has touched a high & low of Rs.795.70 and Rs.779.30 respectively. So far 18,53,657(NSE) shares were traded on the counter. The current market cap of the company is Rs 46,157.80Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 830.45 on 04-DEC-2018 & a 52 week low of Rs.527.00 on 04-JUN-2018.

SUNPHARMA is currently quoting at Rs.423.65 down by Rs.-7.35 or -1.71% from its previous closing of Rs.431.00 on the NSE. The scrip opened at Rs.431.00 & has touched a high & low of Rs.438.00 and Rs.417.10 respectively. So far 1,84,46,490(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,01,369.11cr. 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 370.20 on 18-JAN-2019.

Sharp selling on D-Street, Nifty below 10,850; Led By ITC.

Indian Equity Benchmark indices started on a flat note, with the Nifty holding 10,900 Mark. The Sensex was up 23.88 points or 0.07% at 36468.52, and the Nifty up 2.10 points or 0.02% at 10924.90. All the sector compiled by NSE rose, led by the NSE Nifty Realty Index's 0.27 percent advance. The market breadth was positive as 273 shares advanced, against a decline of 114 shares, while 36 shares were unchanged.

In the afternoon session, Indian equity benchmarks continued to trade flat. The BSE Sensex down by 0.01 percent or 1.98 points to 36442.66 and the NSE Nifty 50 Index was up by 0.04 percent or 4.90 points to 10,927.65. Among sector Auto, reality, the bank were trading in red, While, pharma, media, FMCG was in green. In a Broder Market, NSE mid-cap grew by 0.36% and smallcap indices were trading higher by 0.21%, respectively.

In the last hour of trade, Nifty was trading at 10920. Indian equity benchmarks fell for the second day in a row, A sharp selling in the last hour dragged indices by around a percent. The Sensex was down 336.17 points or 0.92% at 36108.47, and the Nifty down 91.30 points or 0.84% at 10831.50. Auto, banks, consumption, infra and IT, among others, were the sector which ended in the red, Flipside metals and pharma were the sole gainers. The MidCap Index fell 0.11 percent and the SmallCap Index declined 0.28 percent respectively.

Top Gainers

SUNPHARMA by 2.73% to Rs 430.40. , YESBANK by 2.63% to Rs 197.25, TATASTEEL by 1.43% to Rs 463.10., WIPRO by 1.30% to Rs 351.00., ZEEL by 1.19% to Rs 430.30.

Top Losers

ITC By -4.75% to Rs 276.00, GRASIM by -2.97% to Rs 780.50, IBULHSGFIN by -2.53% to Rs 777.15, TITAN by -2.30% to Rs.960.00, M&M by -2.03% to Rs.694.10.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market shares, Shares of the countrys largest pharmaceutical company, rose as much as 2.7 percent, The drugmaker issued clarifications over alleged corporate governance lapses against the company that led to a selloff in its shares recently.

ITC is the top loser in today's market, Shares of the country's largest cigarette maker fell as much as 4.75 percent after its margins missed the estimates in December quarter. Revenues up 15 percent at Rs 11,227 crore versus Rs 9,772 crore (YoY); Net profit up 4 percent at Rs 3,209 crore versus Rs 3,090 crore (YoY); EBITDA up 11 percent at Rs 4,325.5 crore versus Rs 3,889 crore, Margin at 38.5 percent versus 39.8 percent (YoY).

Key Market News

• RBI Continuing with its commitment to provide adequate liquidity, the Reserve Bank on Tuesday announced an Rs 10,000-crore bond buyback on Thursday. The central bank had earlier committed to purchase government securities under its open market operations for an aggregate Rs 50,000 crore in January and has so far done Rs 30,000 crore.
• China has imposed anti-dumping duties on ortho-dichlorobenzene (ODCB) imported from India and Japan which will come into effect from on Wednesday. The domestic industry has been subject to substantial damages due to the dumping of these products, the Chinese Commerce Ministry said on Tuesday in a final ruling after the anti-dumping investigation into the imports.
• The Bank of Japan kept monetary policy stable on Wednesday and downgrade its price projections, bolstering market views it is in no position to rush an exit from its massive stimulus programme, despite the costs of prolonged easing.
• Foreign portfolio investors (FPIs) sold domestic stocks on Tuesday worth Rs.79 crore, DIIs were net sellers to the tune of Rs 84 crore.

Stocks To Watch

ESCORT is on the upside while M&M is on the downside.

ESCORT is currently quoting at Rs.728.25 up by Rs 7.45 or 1.03% from its previous closing of Rs.720.80 on the NSE. The scrip opened at Rs.719.40 & has touched a high & low of Rs.736.25 and Rs.717.90 respectively. So far 12,19,553(NSE) shares were traded on the counter. The current market cap of the company is Rs 8,939.53 Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 1,017.70 on 02-MAY-2018 & a 52 week low of Rs.541.00 on 08-OCT-2018.

M&M is currently quoting at Rs.694.10 down by Rs.-14.40 or -2.03% from its previous closing of Rs.708.50 on the NSE. The scrip opened at Rs.708.50 & has touched a high & low of Rs.709.75 and Rs.693.60 respectively. So far 47,14,919(NSE) shares were traded on the counter. The current market cap of the company is Rs.86,575.93 cr. The BSE/NSE group stock has touched a 52 week high of Rs 993.00 on 29-AUG-2018 & a 52 week low of Rs 693.60 on 23-JAN-2019.

Sensex, Nifty Halt Five-Day Rally; Vedanta, M&M Plunged

Indian Equity Benchmark indices start on a negative note, The Nifty is below 10,950-mark. The Sensex is down 98.12 points or 0.27% at 36480.84, while the Nifty is lower by 35.90 points or 0.33% at 10926.00. Selling is visible among auto, banks, energy, IT and metal names, while Nifty Pharma index is trading higher. The market breadth was inclined in the favor of the seller. The Nifty Midcap index is down around 0.25 percent.

In the afternoon session, Indian equity benchmarks were trading lower. The BSE Sensex down by 0.55 percent or 200.59 points to 36378.37 and the NSE Nifty 50 Index was declined by 0.61 percent or 66.80 points to 10,895.05. Among sector metal, media, IT, auto were trading in red, While, pharma was in green. In a Broder Market, NSE mid-cap was down by 0.79% and smallcap indices were trading lower by 0.74%, respectively.

In the last hour of trade, Indian equity benchmarks continued to trade lower, Nifty was trading at 10900. Indian equity benchmarks snapped their five-day winning streak, but off the low points as bulls put up a strong fight in the last hour, The Sensex fell 0.37 percent or 134.32 points to 36,444.64 and the NSE Nifty 50 Index declined 0.36 percent or 39.10 points to 10,922.75. Among the sector, metal Index's remained under pressure decline of more than 2 percent, while some buying was witnessed in pharma index led by Sun Pharma. The MidCap Index fell 0.11 percent and the SmallCap Index declined 0.22 percent respectively.

Top Gainers

SUNPHARMA by 4.80% to Rs 417.40. , WIPRO by 3.09% to Rs 348.25, TITAN by 1.99% to Rs 981.90., KOTAKBANK by 1.89% to Rs 1,291.50., DRREDDY by 1.52% to Rs 2,639.20.

Top Losers

VEDL By -3.65% to Rs 191.20, TATASTEEL by -3.26% to Rs 456.30, M&M by -3.09% to Rs 707.75, ZEEL by -2.78% to Rs.424.50, JSWSTEEL by -2.49% to Rs.277.50.

Analysis Of Top Gainer And Loser

SUNPHARMA is the top gainer in today's market shares, Shares of the countrys largest pharmaceutical company, rose as much as 4.8 percent, The drugmaker issued clarifications over alleged corporate governance lapses against the company that had led to a selloff in its shares earlier.

VEDL is the top loser in today's market, In todays trade Tamil Nadus political executive remaining committed to keeping Vedantas Sterlite copper smelter plant in Thoothukudi shut despite unfavorable court orders, the Tamil Nadu Pollution Control Board (TNPCB) has decided not to renew the plants Consent to Operate (CTO). Instead, the pollution control board plans to ask Sterlite to submit a compliance report under the Air and Water Acts.

Key Market News

• The International Monetary Fund (IMF) on January 21 cuts its global growth projections for 2019 and 2020 to 3.5 percent and 3.6 percent respectively, citing a slowdown in several advanced economies around the world more rapidly than previously anticipated.
• The International Monetary Fund (IMF) on January 21 downgrade its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets. India's growth projection for 2019 was, however, raised by 10 basis points to 7.5 percent.
• The rupee on Monday weakened by 9 paise to close at 71.28 against the US dollar amid a rise in demand for the greenback from exporters and unabated foreign fund outflows.
• A meeting was chaired by deputy governor Viral Acharya, who reportedly wanted investors to avail the Voluntary Retention Route (VRR), The VRR, which is still in its draft stage, seeks to draw long-term and stable overseas portfolio investments into Indias debt markets
• China Industrial Production YoY Reported, 5.7%.

  India may soon start exporting tobacco to China as both the countries have signed a protocol for the same, the department of commerce said on January 21."India and China signed the Protocol of phytosanitary requirements for the export of tobacco leaves from India to China. This has paved the way for the export of Indian tobacco to China, strengthening India-China trade relations," the department said in a tweet.

• Global foreign direct investment (FDI) fell 19% last year to an estimated $1.2 trillion, largely caused by US President Donald Trump's tax reforms, the United Nations trade and development.

Stocks To Watch

BIOCON is on the upside while LUPIN is on the downside.

BIOCON is currently quoting at Rs.671.50 up by Rs 8.50 or 1.28% from its previous closing of Rs.663.00 on the NSE. The scrip opened at Rs.664.70 & has touched a high & low of Rs.671.90 and Rs.660.10 respectively. So far 11,85,290(NSE) shares were traded on the counter. The current market cap of the company is Rs 40,320.00 Cr. The NSE/BSE group stock has touched a 52 week high of Rs. 718.00 on 26-SEP-2018 & a 52 week low of Rs.543.30 on 26-JUL-2018.

LUPIN is currently quoting at Rs.865.00 down by Rs.-1.65 or -0.19% from its previous closing of Rs.866.65 on the NSE. The scrip opened at Rs.866.00 & has touched a high & low of Rs.872.40 and Rs.851.00 respectively. So far 12,58,723(NSE) shares were traded on the counter. The current market cap of the company is Rs.39,051.63 cr. The BSE/NSE group stock has touched a 52 week high of Rs 986.10 on 10-SEP-2018 & a 52 week low of Rs 723.65 on 15-May-2018.

Sensex climbs for 5th day; Nifty above 10,950; RIL gains 4%

Indian Equity Benchmark indices started the week on a flat note, Nifty above 10,900 level. The Sensex was up by 30.57 points at 36417.18, while Nifty was down 0.40 points at 10906.60. Among sector compiled by NSE advanced, led by the Pharma Indexs 0.42 percent gain. While, the Nifty Realty Index was the top sectoral loser, down 0.34 percent. The market breadth was inclined in the favor of buyers.

In the afternoon session, Indian equity benchmarks were trading higher. The BSE Sensex rose by 0.59 percent or 216.31 points to 36602.92 and the NSE Nifty 50 Index was up by 0.48 percent or 52.10 points to 10,959.05. Among sector reality, auto was trading in red, While, pharma, energy, IT was in green. In a Broder Market, NSE mid-cap was down by 0.30% and smallcap indices were trading lower by 0.38%, respectively.

In the last hour of trade, Indian equity benchmarks continued to trade higher, Nifty was trading at 10970. Indian shares grew today but ended off days high, supported by strong gains in heavyweight Reliance Industries., The Sensex rose 0.53 percent or 192.35 points to 35,578.96 and the NSE Nifty 50 Index climbed 0.50 percent or 54.90 points to 10,961.85. Among sectors energy, IT and pharma indices led the gainers, while auto, infra, FMCG and metal indices ended in the red. The Mid- and small-cap Indexs underperformed their larger peers as the MidCap Index fell 0.6 percent and the SmallCap Index declined 0.7 percent., respectively.

Top Gainers

RELIANCE by 4.28% to Rs 1,235.00. , KOTAKBANK by 2.73% to Rs 1,274.00, BAJAJFINSV by 2.08% to Rs 6,380.00., SUNPHARMA by 2.00% to Rs 398.55., BAJFINANCE by 1.77% to Rs 2,588.00.

Top Losers

HEROMOTOCO By -3.99% to Rs 2,783.00, YESBANK by -3.73% to Rs 191.20, WIPRO by -2.80% to Rs 336.45, MARUTI by -2.31% to Rs.7,188.00, BAJAJ-AUTO by -1.79% to Rs.2,672.00.

Analysis Of Top Gainer And Loser

RELIANCE is the top gainer in today's market, on the back of strong result and recent re-rating in stock by numerous broking house help company to soar for the 2nd consecutive day.

Reliance Industries Ltd's numbers in Q3FY19 beat the consensus estimates on all fronts. Revenue grew 55.9% YoY to Rs1,71,336cr against Rs1,09,905cr in Q3FY18. EBITDA for the quarter grew 20% YoY to Rs23,801cr against Rs19,837cr last year. EBITDA margin declined 416bps YoY to 13.9%. Net profit for the quarter grew 8.8% YoY to Rs10,251cr against Rs9,420cr last year, beating the estimate of Rs9,523cr.

HEROMOTOCO is the top loser in today's market, In todays trade The Auto sector witnesses heavy sell-off lead by HEROMOTOCO plunged by nearly 4%

Key Market News

• China Q4 GDP growth at 6.4% Fourth-quarter gross domestic product (GDP) rose at the slowest pace since the global financial crisis, easing to 6.4 percent from 6.5 percent in the third quarter, data from the National Bureau of Statistics showed on Monday.
• Goldman Sachs sees RBI rate cut next month as inflation slows.
• ISMA Cuts 2018-19 Sugar output to 30.7 mn tn from 31.5mn tn.
• Foreign investors have pulled out more than Rs 4,000 crore from the Indian capital markets so far in January, highlighting their cautious stance towards the country.
• India is likely to surpass the United Kingdom in the worlds largest economy rankings in 2019, according to a report by global consultancy firm PwC.
• The forex reserves continued its upward march and increased by USD 1.267 billion to USD 397.351 billion in the week to January 11, aided by a rise in core currency assets and value of gold.
• As per a report by global consultancy firm PwC, India is likely to move ahead of the United Kingdom in the worlds largest economy rankings in 2019.

Stocks To Watch

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

INFY is currently quoting at Rs.743.25 up by Rs 12.30 or 1.68% from its previous closing of Rs.730.95 on the NSE. The scrip opened at Rs.738.20 & has touched a high & low of Rs.751.00 and Rs.734.00 respectively. So far 81,29,422(NSE) shares were traded on the counter. The current market cap of the company is Rs 3,24,481.32 Cr. 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.545.10 on 14-FEB-2018.

WIPRO is currently quoting at Rs.336.45 down by Rs.-9.70 or -2.80% from its previous closing of Rs.346.15 on the NSE. The scrip opened at Rs.340.15 & has touched a high & low of Rs.340.00 and Rs.333.20 respectively. So far 1,56,20,297(NSE) shares were traded on the counter. The current market cap of the company is Rs.1,52,721.33 cr. The BSE/NSE group stock has touched a 52 week high of Rs 347.50 on 18-JAN-2018 & a 52 week low of Rs 253.50 on 06-JUN-2018.