15th November 2022

 

Market Outlook: US markets ended lower as investors reacted to comments from Fed officials on future policy direction. Crude oil prices have fallen more than 3.5% after OPEC slashed its global oil demand outlook for a second consecutive month. SGX Nifty is indicating a positive start for Indian markets inline with Asian markets and US futures. On domestic front, CPI inflation eases to 3-month low of 6.77% in Oct, mainly due to softening food prices. From past few days, FIIs have remained as net buyers and bought amounting over 13k crore so far in this month. We remain positive on markets and expect the ongoing momentum to continue with sector and stock specific action.

 

Actionable: Buy Ambuja Cements, Mind tree, CDSL.

 

Global market:

DOW:   -211

SGX NIFTY:   +50   (prev. close 18377)

NIFTY 50 : 18329

Sensex : 61624

 

Institution:

FII:                +  1089    Cr

DII:                +  47        Cr

NSE:

Advances:  1668 / Declines:  1948

Currency:

Dollar: $ 81.26

Dollar Index: 107.01

 

Commodity:

Gold: $1772  per ounce

Crude: $92.93  per barrel

 

Bonds:

10 year US bond rate: 3.86

10 year Indian Bond rate: 7.29

Derivative:

PCR: 0.93

VIX:  14.91

Results Update:

Above estimates: KNR Constructions, Strides Pharma, Abbott India, AIA Engineering, Syrma SGS

Inline estimates: ONGC, Biocon, Apollo Tyres, Jyoti labs

Below estimates: Grasim Industries, Bharat Forge, Balkrishna Industries, Lux Industries, NMDC

Updates:

Today is the last day to buy Motherson Sumi Wiring India Ltd to be eligible for Bonus Issue (2:5).

 

Balkrishna Industries - Company withdraws its FY23 volume guidance of 3.2-3.2 lakh MT due to challenging macro environment.

 

Paytm - Paytm lock-in for Pre-IPO investors ends which is nearly 86% of the shareholding.

 

Larsen & Toubro Infotech - LTI and Mindtree both have got clearances from NCLT to operate as a single company from November 14. Record Date is fixed as 24th November for determining eligible shareholders in the amalgamation. All shareholders of Mindtree will be issued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree.

Adani Enterprises - SEBI approves Adani’s open offer for 26% shares of NDTV.

 

Biocon - Company's board approved proposals to raise funds through issuance of NCD worth $250 million (Rs.2,024.61 crore) and commercial papers worth $275 million (Rs.2,227.07 crore).

 

Securities in Ban: BHEL, GNFC, PNB, SUN TV.

Derivative View: Immediate Max Call OI is at 19000 and 18500 and max Put OI is at 18000 and 17500. Option data suggests an immediate trading range in between 18100 to 18600 zone.

Next week market outlook from 14/11/2022 to 19/11/2022from from

·       In the coming week investors will be watching a spate of economic data, including US retail sales numbers on Wednesday, for more clues on whether the Fed's monetary policy tightening is cooling the economy. On the domestic front, Indian Retail Inflation data (CPI) will be announced on Monday which will be important for the market while most of the quarterly results have almost announced.

·       Expects rally to continue in the domestic equity on optimism that cooler-than-expected US inflation will lead to smaller rate hike by the US Federal Reserve and on China’s move to loosen its Covid Zero policies. On the domestic front, USDINR fell sharply to close 2-month low at below 81 indicated aggressive FIIs buying interest (FIIIs net buyers nearly Rs7k this week). Moreover, strong macro data - October PMI reported 6-month high to above 55, 4-month high September IIP data, stable oil price, impressive quarterly results and strong GST collection, will be positive for the market sentiment. Expect beaten down metal (China to relax zero covid policy stance) and IT stocks (global IT Major Index Nasdaq gained 7% this week) will be big positive for next week

·       The domestic market joined the global run as markets across the world cheered the lower-than-expected US inflation data and this was one of the best week in the stock market history. Indian bourses ended on record supported by strong domestic macro data and blessing by US inflation data which has fallen to significantly lower than estimated level along with core inflation number.

·       Global market witnessed biggest gains (between 3-8% and S&P 500 close to 4000 mark psychological level) in over two years after the US Inflation for October has come in at 7.7% (expectation at 7.9%) against previous month was at 8.2%. Core Inflation fell to 6.3% while expectation was 6.5%. US Dow Jones climbed up over 1300 points or 3.5% and Nasdaq Composite skyrocket by 7% against the previous week close. A slowdown in US inflation could mean the Federal Reserve won’t have to be so aggressive about raising interest rates. Market expect that the US Fed to raise rates again next month but by a smaller margin of one-half percentage point after a series of 0.75 percentage-point increases. US 10-Year (3.80% from 4.2%) and 2-year bond yield declined by 10% on a single day while Dollar Index fell to 4-month low to below low to below 106.

 

Weekly Update (Week on Week)

 

·       A sharp recovery in the rupee and unabated foreign capital inflows further bolstered sentiment. Sensex zoomed  845 points or 1.40% to settle at 61,795 -- surpassing its previous closing peak of 61,765 hit on October 18, 2021. Likewise, the broader Nifty rallied 233 points or 1.3% cent to finish at 18,350. This week, there was rally in PSU Bank, IT and Metal stocks.

·       Banking stocks witnessing major gainers this week led by HDFC twins and PSU Bank. Nifty PSU Bank Index soared by 6% after announced strong Q2 results. PSU Bank Index surged by 28% just one month. Nifty Metal Index gained by 2% on expectation of improve demand after China announced to partially remove covid lock down and US Dollar Index fell to 3-month low. Nifty IT Index advance 2% due to attractive valuation and Global IT Major Index Nasdaq Composite spiked by 7%. However, Nifty Pharma Index slipped 3% due to poor quarterly results announcement. Nifty Auto Index slipped by 2% after auto major Tata Motor reported lower than expected Q2 results

 

Short Term Buy

 

·       Cochin Shipyard, National Aluminium, Adani Ports, HDFC, Bank of India, SAIL, Tata Steel, Zomato, BoB, LTTS, Coforge

 

Long Term Buy

 

·       Axis Bank, Hindalco, LIC India, Infosys, TCS, SBI, Zee Entertainment, Reliance Industries, HAL, Patanjali Foods, Indian Hotel

 

Technical Levels

 

·       Nifty index has formed a Bullish candle on daily and weekly frame and has been forming higher lows from the last six weeks. Now, it has to hold above 18300 zones, for an up move towards 18500 then 18600 zones whereas supports are placed at 18188 and 18088 zones.

·       Bank Nifty has formed a Doji candle on daily frame and a Bullish candle on weekly frame. Now it has to hold above 41840 zones for an up move towards 42500 and 42750 zones whereas supports are placed at 41750 and 41500 zones.

 

Global Market Update

 

·       US, Europe and Asian markets gained between 3-8% this week.  The tech-heavy Nasdaq Composite rose 8% this week to notch its biggest weekly gain since March on optimism that a slower-than-expected US inflation print will lead to smaller rate hikes by US Fed. Moreover, expectation that the China to relax zero covid policy stance will be back in global demand. US Inflation for October has come in at 7.7% (expectation at 7.9%) against previous month was at 8.2%. Core Inflation fell to 6.3% while expectation was 6.5%. Cooler-than-expected US inflation data set the stage for a slowdown in aggressive interest-rate hikes resulted US 10-Year and 2-year bond yield corrected 10% from the peak and Dollar Index fell to 3-month low.

 

Commodity

 

·       Gold surged 5% to 3-month high at $1771/ounce following tweaks to China’s Covid-19 rules, the US inflation print, and weakness in the dollar, and events next week will shape whether gains hold or wither.

·       Brent Crude advance 2% to $96/bbl following China's announcement that it would relax some of its hardline Covid-19 restrictions, including shortening its quarantine requirements for international travelers by two days. Market expectation global demand will improve after China announced to partially lifted covid lockdown.

 

FIIs and DIIs

 

·       FIIs were net buyers Rs6330cr

·       DIIs were net sellers Rs2255cr

 

Results

 

·       Monday – Aarti Industries, Abbott India, Bharat Forge, Biocon, CESC, FDC, Grasim, GM Infra (Airport), Greaves Cotton, HUDCO, Indiabull Housing, IRCTC, IOL Chemical, Kaveri Seed, KNR Construction, LUX Industries, Mazda, Munjal Auto, Mishra Dhatu, NMDC, NBCC, ONGC, Parag Milk, SpiceJet, Sobha, Star Cement, Stovec, Uttam Sugar

·       Tuesday – Rajesh Exports

 

Corporate Action

 

·       Monday – PFC Dividend Rs5, EPL Rs2.15, Compuage Infocom Right issue 8:25 at a premium Rs18

·       Tuesday – Aegis Logistic Dividend Rs2, P&G Rs15, Coal India Rs15, Amaraja Batteries Rs2.90

·       Wednesday -  Motherson Aumi Wiring Bonus 2:5, Computer Age Manage Rs8.50

·       Thursday – Dhanuka Agritech Share Buy-Back, PDC Dividend Rs2.50, Oriental Carbon Rs7.

 

Global Data

 

·       US – Tuesday – Empire Manufacturing, Food, Manufacturing and commodities. Wednesday – MBA Mortgage Application, Retail sales data, Industrial Production Data, NAHB Housing Data. Thursday – Housing Starts, Initial Jobless Data. Friday – Existing Home sales Data

·       Europe – Monday - House Price Data, Economy Survey (UK), Economy Survey (Germany), Economy Survey (France). Tuesday – Whole Price Index (Germany), CPI, Unemployment Rate (France), Payroll, Employment Rate, Jobless Claims (UK). Wednesday – CPI, Retail Sales (UK). Friday – Retail sales, Consumer Confidence (UK)

·       China – Tuesday - Industrial Production, Industrial Production. Wednesday – New Home Sales

·       India – Monday – WPI, CPI, Exports & Import.

Global Market Update

  US Stocks Slightly Lower With Midterms Still Undecided… European Stocks Drop as Inflation Jitters Keep Buyers Cautious

·       US stocks marginally lower with midterm elections still being decided but as an expected "red wave" of Republican victories failed to materialize. Although many races were still too close to call, the emerging consensus among investors was that Congress was heading for more gridlock. Dow Jones slipped over quarter percent

·       European stocks fell for the first time in four days as investors turned cautious ahead of key US inflation data that could provide further clues on the course of monetary policy tightening. UK, France and Germany Index declined half percent each.

·       Oil fell 1% to below $95/bbl amid a challenging Chinese demand outlook and after an industry report pointed to rising US inventories.

·       Gold steadied  at $1709/ounce after jumping the most in a month as investors look to this week’s US inflation readings for hints on the precious metal’s direction.

·       FIIs were net buyers Rs387cr while DIIs were net sellers Rs1060cr

Intraday call : Short UCO Bank at 32.80 ,Target 32, Stoploss -33.5

Corporate stories on 21/04/2015

21:06 | Swamy preparing to move court against SpiceJet deal
20:48 | SpiceJet opens advance bookings up to March 2016
20:22 | Soon, all life-saving drugs may become affordable
19:52 | Ramco Systems net profit down 49% in Q4
19:50 | Smart city project: Japanese tech firm NEC wants to partner at least 20 cities
19:26 | Conglomerates miss the boat as new-age businesses rise
19:16 | Lanco Infra completes Udupi plant sale to Adani Power
18:56 | StitchWood.com to raise Rs 4.5 crore in funding
18:52 | Freshdesk Gets $50 mn Funding From Tiger, Accel, Google Cap
18:50 | Uncertainties cloud earnings visibility of key power players
18:24 | AirAsia sets up Delhi base, will launch flights from May 21
18:20 | PFC to raise upto Rs 60,000 cr in FY16
18:18 | Indian Hotels to make profits in 2 years: Rakesh Sarna
18:18 | Indian Hotels open to putting a bid for Taj Mansingh
17:21 | Daiichi to exit Sun Pharma
17:14 | Mylan says will invest $ 5-billion in Andhra Pradesh
17:12 | The real reason why Reliance stock has taken a beating despite strong earnings
15:32 | Carzonrent buys startup Ridingo; aims Rs 6K cr sales in 5 yrs
14:45 | ONGC to take over Tapti field facilities
14:16 | GoAir seeks Airbus instructors as 35 pilots resign
14:06 | Mylan invests $5 bn more in Andhra Pradesh
13:57 | Data analytics can help retailers know consumer behaviour
13:57 | Hyundai launches new Elantra sedan priced at Rs 17.94 lakh
13:57 | Aegis gets 5-acre land to develop new port at Kandla
13:57 | BHEL commissions 250-mw thermal power plant in Gujarat
13:49 | Govt could likely sell 5% stake in Coal India in FY16, too
09:14 | RIL to shut down few retail outlets

Corporate Stories 15/04/2015

20:42 | Mumbai airport sells Mallya jet to scrap dealer
20:32 | Assocham seeks 25% cut in iron ore prices by NMDC
20:10 | Steel, oil turnaround to lift Essar group's fortunes
19:56 | Bosch lifts lockout at Jaipur plant
19:24 | SoftBank may put more money into Snapdeal
19:22 | SBI Card begins valuation exercise as partner GECaps plans exit
19:22 | Cleartrip pulls out of Internet.Org, supports net neutrality
19:10 | Lower court grants bail to Deccan Chronicle promoters
19:08 | Brocade Communications commits $300 mn addl investment in India
18:52 | Indian e-commerce sector to turn operating profitable by 2020: report
18:26 | RIL preview: Record Q4 results in the offing
18:22 | India Inc invests $2.27 bn overseas in March, down 59%
18:02 | Foreign investors can buy up to 49% in Eicher Motors
17:36 | Tata group starts online grocery service in Mumbai
17:36 | We'll start our e-commerce venture this year: Shashwat Goenka
17:32 | Uber spreading wings in India by rolling out attractive offers
17:10 | Hyderabad HC rejects bail to Deccan Chronicle promoters
17:04 | Dell says bullish on India's e-commerce sector
16:56 | Coal India gets few takers for imported coal in maiden year
16:07 | GST expected to overhaul distribution setup
16:06 | Over 8 mn Indians to book hotels online by 2016 says Google report
15:35 | Tech Mahindra teams up with Comverse, to take on Israeli engineers
15:22 | PE Electronics eyes 10% in TV mkt with Philips brand by 2016
15:07 | State Bank of Travancore raises Rs 474 cr via rights issue
15:06 | Govt, realty players on same page on TDR utilisation in Mumbai
15:00 | Aurobindo to launch Cefixime oral suspension in the US, gets final approval
14:07 | GSM mobile operators add 8.2 mn subscribers in March: COAI
13:58 | Sugar industry worse off after two years of partial decontrol
13:57 | Walmart India appoints Pankaj More as Technology Head
13:42 | BHEL, Russian firm ink pact for power plant in Kazakhstan
13:15 | Grocery delivery app PepperTap to expand to 10 more cities
13:14 | Grofers to raise $35 million from Tiger Global and Sequoia Capital
13:13 | Metro Cash & Carry to open 4th wholesale store in Bengaluru
13:07 | Aurobindo gets USFDA nod to sell antibiotic oral suspension
12:32 | Strides Arcolab gets USFDA nod for bowel cleansing medicine
12:23 | India may take WTO action against EU over drug clinical trials: GVK

Corporate stories on 13/04/2015

20:47 | Surya Roshni targets three-fold hike in fan sales
20:24 | ICRA downgrades loan ratings for 2 GMR power projects to default grade
20:13 | Airlines get free hand to charge on additional facilities
20:06 | Customer to drag Flipkart to court over fake speaker
19:42 | Avia was bought by Ashok Leyland's associate company in UAE
19:42 | Naveen Jindal & family under ED radar
19:20 | Satyam's Raju files appeal against his conviction
19:14 | Companies, personnel in coal scam under ED scanner
19:10 | New NGT order might further hit construction schedules at Noida Extn
19:08 | DGCA proposes psychological screening of pilots
17:36 | Renault India expects sales to double compared to 2014
17:30 | Educomp may hive off overseas businesses
16:58 | RBI cleared repatriation of Grosvenor House loan, says Sahara
15:22 | Govt lines up 12 PSUs for stake sale, to raise Rs 41000 cr
15:13 | Havells gears up for smart city projects
14:37 | Essar Power commissions the first unit of 120 Mw Paradip power plant
14:32 | Indsil Hydro suspends smelting ops on weak market conditions
14:32 | BHEL commissions 600-MW thermal unit in Chhattisgarh
14:22 | Essar Power commissions 1st unit of 120 MW Paradip Power Plant
14:14 | Indian PSUs to invest another $6 bn in Mozambique: Oil Min
13:59 | Madras HC asks CCI not to pass any order against Hyundai till it gives its final order
13:42 | Specialty food chain Godrej Nature's Basket ties up with Amazon India
13:42 | Infosys to re-engineer Finacle, revamp compensation structure
13:22 | ONGC, others to invest $6 bn in Mozambique
10:42 | Sahara supports Sebi's claim to bring back $13 million from company jet sale
10:29 | Further Coal India share sale possible: FinMin official
09:03 | ICRA downgrades GMR Group's loan ratings to default grade

Corporate actions on 10/04/2015

19:22 | Titan: Return ratios to improve on easing of norms
19:21 | Naveen Jindal's JSPL joins Prime Minister's #GiveItUp Call
19:20 | Mindtree sees surge in senior exits
18:42 | RIL commissions PTA and PET resin plants at Dahej
18:28 | Paytm to spend Rs 500 cr on marketing this year
18:26 | Supertech to invest Rs 2,400 cr to build township project in Gurgaon
17:42 | GVK might lose 216 Mw gas unit
17:40 | Dr Reddy's: Multiple growth opportunities, re-rating likely
17:08 | Nissan India names former Hyundai India's head of Sales as new VP- sales & network
17:08 | Car sales rise first time in 3 years
17:06 | Aurobindo sells its Australian subsidiary to a local partner
16:10 | Three investors keen to take over Nokia's plant: Tamil Nadu Govt
15:32 | Fitch affirms Tata Steel outlook stable
14:42 | Nod to IDFC demerger: Good days ahead for investors
14:32 | SpiceJet's Chief Commercial Officer resigns
14:11 | SpiceJet rejigs top management as CCO steps down
13:28 | Aurobindo divests Australian arm to Eris Pharma
13:17 | Flipkart ties up with Mumbai dabbawalas to navigate city streets
13:13 | PC shipments decline in Q1; mobile PCs, hybrids pick up
13:13 | HC stays warrant for Subrata Roy's appearance in Income Tax case
13:08 | Mankind Pharma wants deals, sees FY domestic sales topping $700 million
12:50 | Coastal Energen raises Rs 1,950 cr for Mutiara power project from SBI-led consortium
12:48 | Domestic car sales rise by 2.6% in March
12:42 | Indian brands can scale up online big-time: Lightbox Ventures
12:36 | IndusInd Bank to buy RBS's India jewellery financing business
12:32 | Nuziveedu Seeds to file for up to $200 mn IPO
11:42 | SpiceJet's chief commercial officer steps down
11:28 | Glenmark Pharma gets USFDA nod for oral contraceptives
10:14 | Shareholders approve IDFC's demerger scheme
09:37 | Dr Reddy's sees domestic sales growing 20% in FY16

Corporate Actions 09/04/2015

20:40 | Reliance Jio launches instant messaging app Jio Chat
20:32 | The task of restoring faith in India is half done: Rajiv Mishra
20:20 | Ambani's sister Nina Kothari takes over as chairperson of Kothari Sugars, Kothari Petrochemicals
19:28 | Biocon gets Mexican approval for its insulin Glargine
19:12 | Airtel launches 3G services in Kolkata, will offer better speed
19:00 | Telcos pay balance upfront money for acquiring spectrum
18:58 | Indian Hotels acquires Land End Properties
18:57 | Amid net neutrality debate, CCI looks at possible unfair ways
18:52 | Bharti Airtel: Eye on operational gains
18:50 | Weak earnings growth in Q4 for capital goods firms
18:40 | Uber enters auto rickshaw segment now
18:32 | Marriott set to open 52 hotels in 4-5 years
18:32 | Flipkart ties up with one dabbawala union for delivery in Mumbai
18:30 | Philips Healthcare to roll out services model in home care segment: Sameer Garde
18:05 | Your mobile roaming charges will come down from May 1
17:39 | Warburg Pincus sells 27% stake in Metropolis back to Shah family
17:05 | CLP India issues partially credit enhanced bonds for its Jhajjar Power Plant
16:46 | High Court appoints arbitrator for Indowind-Suzlon dispute
16:42 | Three French banks refuse to fund Adani project in Australia
16:08 | IPAB directs Kolkata office to send documents on Mainline Corporate within a week
15:01 | Transport ministry bats for Uber, Ola
14:49 | Satyam scam: 7-year jail term for Ramalinga Raju
14:32 | Man Infraconstruction bags Rs 105-crore order
14:10 | Aurobindo gets US FDA approval for anesthesia supplement drug product
14:02 | Renault enters MPV segment with 'Lodgy'
13:57 | Naresh Goyal brings wife Anita on Jet Airways board
13:54 | Global brands looking at different online strategies to tackle competition
12:44 | Flipkart hires Google's Peeyush Ranjan as engineering head
12:27 | Ratan Tata-backed Urban Ladder raises $50 mn from Sequoia Capital, others
12:08 | In the dock: The accused in the Satyam case
12:05 | Matrix Partners India invests in Purple Squirrel Eduventures
12:02 | Former RBI Deputy Governor Anand Sinha joins PE fund KKR
12:00 | Satyam shadow still haunts Tech Mahindra
12:00 | Satyam scam hits Maytas firms
11:42 | Cipla to acquire Brazil's Duomed Produtos for Rs 2.6 crore
11:42 | JSPL gets India CSR Community Initiative award
11:20 | Verdict unlikely to draw curtains on Satyam case
10:58 | Plethico agrees to pay $23 million in cash to Aurobindo to settle charges
10:25 | Despite euphoria, only 4 cr Indians shop online: Study
09:48 | Rane Engine sells land parcel for Rs 27.75 crore
09:42 | Events & activations industry to touch Rs 5,779 crore in 2016-17
07:55 | Sebi struggles to shield savers from more Saharas

Corporate actions 08/04/2014

20:54 | Ola raises Rs 1,952 cr from DST Global, Tiger, others
20:48 | DLF challenges Sebi order imposing Rs 26 crore fine
20:17 | Monetary penalty for companies without women directors
20:14 | Post acquisition, Groupe SEB to expand Maharaja Whiteline's footprint in India
19:58 | India's e-commerce industry set to cross $16 bn in FY16
19:40 | Target of $300 bn by 2020 is intact: BVR Mohan Reddy
18:52 | Coal India: Higher e-auction sales, overall output to boost profitability
18:50 | Snapdeal acquires Freecharge To Be The Top M-Commerce Firm
18:36 | Absolutely no plans to join politics, says Narayana Murthy
18:32 | Govt gets 3 weeks to respond to plea on banning use of plastic for packaging
18:16 | Philip's Made-in-India equipment for local and global markets
18:06 | Green court's ban may impact used car demand
17:56 | Post coal auction worries for power sector
17:52 | Looking at tripartite model involving Raliways, state govt for evacuation infrastructure: Sutirtha Bhattacharya
17:24 | M&M to invest Rs 4,000 cr in Tamil Nadu
17:20 | Snapdeal buys Freecharge to become the largest m-commerce firm
16:48 | Meru plans to have presence in 40 cities by 2015 end
16:42 | Amazon to open Fulfilment Centre in Telangana next month
15:42 | Aditya Birla plans to consolidate retail biz under one roof
15:22 | MobiKwik raises Rs 155 crore to fund expansion plans
15:03 | 44% increase in manufacturing sector losses due to illicit trade: study
14:57 | ED attaches Rs 101 crore bank balance in Speak Asia case
14:49 | Kalyan Jewellers to invest Rs 800 cr to set up 22 stores
14:48 | Vedanta Group asks employees to give up subsidised LPG
14:17 | The Airtel Zero idea: Splitting India's Internet into many Internets
13:57 | Sri Lanka to take call on Rs 3,000 cr undersea power link: PGCIL
12:48 | Glenmark's subsidiary to pay $25 mn to settle a pricing case
12:32 | After dipping for 7 years, ONGC oil production inches upwards
11:42 | IFCI a PSU now, govt raises shareholding to 51%
11:22 | US H1-B visa cap reached within 5 days for 3rd straight year
09:57 | Videocon D2H lists on NASDAQ
09:32 | Dr Reddy's files 3 new drug applications with US regulator

Corporate Actions on 06/04/2015

16:42 | Unorganised players raise milk prices by 5%
16:30 | Maruti Suzuki reports 23% growth in CNG car sales
16:04 | Sun TV stock nosedives as ED attaches promoter assets in Aircel-Maxis case
15:42 | Bosch declares lockout at Jaipur plant
15:31 | India's Inc's credit quality recovery to be a bit slow in FY16: CRISIL
15:20 | Lifestyle to launch e-commerce sites across three formats
15:14 | Bajaj Auto sales decline 22% in March
15:07 | Essar's Raniganj coal bed methane asset crosses 0.5 mn scmd production
14:22 | MOIL slashes manganese ore prices by up to 25%
14:13 | Fourth generation Honda City achieves 100,000 sales mark
14:13 | L&T Construction bags orders worth Rs 5,492 cr
14:13 | Deccan Gold seeks Sebi nod to raise Rs 44 cr from rights issue
13:57 | GMR Infra-led consortium bags Rs 5,080-cr railway project
13:48 | Airtel launches platform offering free access to certain apps
13:42 | NTPC to bring down coal import bill to nil in 5 years
13:13 | Singhania grandchildren's suit hearing adjourned till Apr 20
12:54 | CRISIL assigns 'negative' outlook to DLF's loans, debt
12:48 | TNPL board unit near Chennai likely to complete by year-end
12:42 | Bajaj Auto motorcycle sales dip 22% in March
10:04 | TVS Electronics to tie up with mobile companies for wholesale distribution
09:54 | Rajalakshmi Group acquires majority stake in Ashok Leyland's wind energy arm

Stocks in downtrend 05/11/2014

Script name	Last	5d-move
Shivam Autotech Ltd	72.20	-72.30%
Vikas GlobalOne Ltd	14.90	-15.40%
Hindustan Oil .	51.45	-14.60%
Oil Country Tu.	40.65	-12.00%
Kanoria Chemic.	42.70	-11.00%
Sterling Biotech Ltd	8.75	-10.90%
	1.60	-10.10%
Gravita India Ltd	83.90	-9.82%
Shoppers Stop Ltd	493.00	-9.80%
8K Miles Softw.	694.60	-9.59%
Neuland Labora.	437.20	-9.30%
Titan Industries Ltd	375.20	-9.00%
Deepak Fertili.	143.65	-8.51%
Ipca Laborator.	673.00	-8.42%

Stocks in uptrend 05/11/2014

Script name	Last	5d-move
Zuari Agro Chemicals	299.10	+44.50%
Golden Tobacco Ltd	35.85	+40.20%
Gammon Infrast.	18.95	+38.20%
Kesar Terminal.	457.35	+36.30%
Excel Industries Ltd	401.85	+35.70%
Nitco Ltd	30.05	+34.70%
Archidply Indu.	37.35	+32.90%
Lanco Industries Ltd	78.60	+31.60%
Allsec Technol.	29.75	+25.40%
SKM Egg Produc.	89.45	+24.70%
Apcotex Indust.	445.40	+24.70%
Bodal Chemicals Ltd	39.70	+24.60%
Asahi Songwon Colors	173.65	+24.10%
Fertilizers & .	35.85	+23.30%

Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment 05/11/2014

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category	Date	Buy Value	Sell Value	Net Value
DII	05-Nov-2014	1307.55	2512.18	-1204.63

Market outlook for the next week 22/09/2014 to 26/09/2014

Markets managed to eke out modest gains of over one tenth of a percent, which took Sensex and Nifty above crucial levels of 27,050 and 8,100 on the indices for the passing week. The coming week is expected to be volatile one for Indian equity markets on account of F&O expiry, which is scheduled to take place on Thursday, September 25, 2014.

Meanwhile, market-participants, as usual would continue to track the momentum of rupee, FII trend. Besides, they would also track latest updates on monsoon. According to latest weather report, monsoon is likely to start withdrawing from the country within three-four days, more than a fortnight later than normal. However, with the withdrawal now in sight, the season's rain shortfall is expected to remain above 10%, making it a 'deficient' monsoon this year.

Besides, Power stocks would remain in focus for the coming week after Supreme Court on Friday restrained the CBI from filing any charge sheet or closure report in coal scam cases till it decides whether the investigating agency deputed director Ranjit Sinha to deal with the probe and prosecution for coal block allocation scam. Even Public sector Oil marketing companies (OMCs) stocks could be in limelight as amidst expectation that the fuel prices will be cut soon, which will be the first downward revision in over five years.

On the global front, market-participants would be eyeing slew of economic data from world’s largest economy US, starting from Existing home sale data on September 22, followed by New Home Sales data, Durable Goods Orders, Jobless Claims and finally, GDP data on September 26, 2014.

Developments from Prime Minister Narendra Modi's US tour from September 27-30 will be closely watched. Narendra Modi will meet US President Barack Obama at the White House on 29-30 September 2014. The two leaders will discuss a range of issues of mutual interest in order to expand and deepen the US-India strategic partnership. They will discuss ways to accelerate economic growth, bolster security cooperation, and collaborate in activities that bring long-term benefits to both countries and the world. 

During the week, Nifty made a high of 8160.90, low of 7925.15 and finally closed at 8121.45 with a weekly gain of 15.95 points. For the coming week, 7977 followed by 7833 are likely to be good support levels for the Nifty, while it may face resistance at 8213 and further at 8305 levels.

WEEKLY TECHNICAL LEVELS-INDICES-EQUITY

NIFTY- PIVOT POINT         8069

MAJOR SUPPORT          7977 7833 7742

MAJOR RESISITANCE   8213 8305 8449

SENSEX-PIVOT POINT      26934

MAJOR SUPPORT        26621 26151 25837

MAJOR RESISTANCE   27404 27717 28187

WEEKLY TECHNICAL LEVELS-CURRENCY-USD-INR

PIVOT POINT 61.03

MAJOR SUPPRT 60.70 60.48 60.15

MAJOR RESISTANCE 61.24 61.57 61.78

MARKET EVENTS FOR THE NEXT WEEK

SEP 22 CHINA-MFG PMI

SEP 23 PMI MFG DATA OF US, JAPAN & EURO ZONE 

SEP 24 US NEW HOME SALES, GERMANY BUSINESS CLIMATE DATA

SEP 25 CONSUMER DURABLE ORDERS-US, EURO ZONE MONEY SUPPLY(M3)

SEP 26 US GDP DATA

Stocks in downtrend 16/09/2014

Stocks in down trend

Script name	Last	5d-move
	386.00	-54.50%
Shilpi Cable T.	60.95	-45.70%
Birla Cotsyn I.	0.10	-33.30%
Clutch Auto Ltd	26.00	-19.50%
REI Agro Ltd	3.00	-17.80%
Dhunseri Tea &.	153.35	-17.10%
HMT Ltd	35.05	-17.10%
Trigyn Technol.	49.30	-16.30%
Arvind Remedies	50.85	-15.90%
	32.40	-15.70%
Subex Ltd	9.25	-15.50%
Varun Shipping.	8.00	-15.40%
Axis IT&T Ltd	112.20	-15.30%
Andhra Cements Ltd	11.15	-15.30%

Stocks in uptrend 16/09/2014

Script name	Last	5d-move
Mastek Ltd	306.45	+40.70%
Shyam Telecom Ltd	43.05	+28.20%
Bharati Shipyard Ltd	45.50	+25.90%
D-Link India Ltd	128.40	+23.40%
Khaitan Electr.	72.55	+16.50%
Onelife Capita.	297.45	+14.50%
Cox & Kings (I.	336.25	+12.90%
Sundaram Finance Ltd	1162.10	+12.70%
Microsec Finan.	81.60	+12.30%
Alchemist Ltd	55.70	+12.00%
Ashapura Minec.	79.90	+12.00%
Castrol India Ltd	438.80	+11.50%
Bhushan Steel Ltd	129.55	+10.90%
Avanti Feeds Ltd	1565.70	+10.90%

Market Summary for the day :16/09/2014

Sensex, Nifty fall most in 1-1/2 months ahead of Fed outcome:

Sensex and Nifty fell over 1 percent, posting its biggest single-day decline in 1-1/2 months as blue-chips slipped on caution ahead of the U.S. Federal Reserve's two-day meeting, while foreign portfolio sales also weighed on sentiment.

Domestic equity markets extended previous session’s losses and ended down with sharp cut of over 1.20% on Tuesday, which dragged both Sensex and Nifty below the psychologically crucial 27,000 and 8,000 levels respectively. Absence of any positive triggers at home front combined with global anxiety as investors braced for a possible hawkish shift in the U.S. Federal Reserve's policy stance in its two-day policy meeting, which begins later in the day, mainly took a toll on buying activity. Though, markets started on subdued note, the selling pressure which accentuated during the second half of trading session, i.e. post the start of European markets, mainly pushed markets near day’s low point. Meanwhile, broader indices diving deeper into the gut, nursed heavier losses of around three percent by close of trade.

The sentiments were on pessimistic note after RBI’s governor, underscored that there were no chances of RBI slashing rates at the month-end monetary policy announcement, citing that Inflation in Indian economy, was still high and hence there was no point in slashing interest rates since this would further build on to inflationary pressures. 

Traders were seen piling positions in FMCG and IT while selling was witnessed in Realty, PSU and Consumer Durables sector stocks. In scrip specific development, Colgate-Palmolive was trading firm after a foreign brokerage firm upgraded the stock to outperform from underperform. Marico was trading in green touching fresh 52-week high 

after the foreign brokerage firm added the company in its top pick in the mid-cap consumer space.

On the global front, the Asian markets were trading mostly in red while the European market was too trading on pessimistic note. The market breadth on BSE was negative in the ratio of 793:2115 while 87 scrips remained unchanged.

Sensex is currently trading at 26595.85, down by 220.71 points after trading in a range of 26550.29 and 26861.29. 

There were 8 stocks advancing against 22 stocks declining on the index. The broader indices were trading in red; the BSE Mid cap index was down by 2.69%, while Small cap index down by 3.21%.The gaining sectoral indices on the BSE were FMCG up by 0.12%, IT up by 0.07% while, Realty down by 2.62%, PSU down by 2.54%, Consumer Durables down by 2.41%, Power down by 2.40%, Oil & Gas down by 2.18% were the losing indices on BSE.

The top gainers on the Sensex were Dr. Reddy’s Lab up by 1.45%, Sun Pharma Industries up by 0.62%, Bharti Airtel up by 0.57%, Infosys up by 0.55% and Hero MotoCorp up by 0.45%. On the flip side, Tata Steel down by 3.25%, ONGC down by 2.63%, Axis Bank down by 2.57%, Tata Motors down by 2.54% and Tata Power down by 2.53% were the top losers.

The European markets were trading in red; Germany’s DAX was down by 42.86 points or 0.44% to 9,616.77, France’s CAC was down 26.83 points or 0.61% to 4,401.80 while, UK’s FTSE 100 was down by 19.32 points or 0.28% to 6,784.89.

TECHNICAL PARAMETERS OF NIFTY

Technically on Nifty, RSI was at 48, MACD Positive below Signal line; India VIX was at 13~, Nifty closed below its both short term moving averages like 5 DMA (8052), 20 DMA (8014) but above its medium and long term ie. 50 DMA (7815) & 200 DMA (6938) which all indicates that market is consolidating on account of profit booking in some of the leading blue chip stocks but is still intact.