DAILY MARKET ANALYSIS FOR AUGUST 19, 2015

ECONOMY ANALYSIS

 Sensex ends 47 pts down, bulls balk at China crash

 Brewing hot! Coffee stocks rally 3-9% on hopes of 100% FDI

 Sharon Bio up 20% post USFDA audit of Uttarakhand plant

 Infosys at record high, up 3%; BNP Paribas raises target

 Cairn to seek damages from Govt for tax notice

 IndiGo market share dips 2.6 per cent in July EQUITY TRADING TIPS

MARKET ANALYSIS

 Fag-end buying in select blue-chip stocks helped the S&P BSE Sensex erase some of the intraday losses on Tuesday.

 The 30-pack index fell 46.73 points, or 0.17 per cent, to settle the session at 27,831.54. Still the BSE barometer was down 209 points from its intraday high of 28,040.73. HDFC, Coal India and ITC contributed most to the Sensex fall.

 The 50-share Nifty index ended the day at 8466.55, down 10.75 points, or 0.13 per cent.

 20 of 30 Sensex stocks ended the day in the red.

 GAIL was the top Sensex loser, down over 4 per cent.

 CNX Bank Nifty fell over 200 points, CNX Metal index lost over 2 per cent in intraday trade.

 During the day, most Asian markets ended in the red. China's Shanghai Composite plummeted 6.15 per cent, or 245.50 points, to end the session at 3,748.16. Japan's Nikkei fell 0.32 per cent, or 65.79 points to settle at 20,554.47. Extending the losses, Hong Kong's Hang Seng ended 1.43 per cent down, or 339.68 points, at 23,474.97 

READ MORE : EQUITY TRADING TIPS

EQUITY DAILY MARKET ANALYSIS 06/05/2015

MARKET ANALYSIS

• After a strong pull back session on Monday, selling pressure continued unabated on Dalal Street on Tuesday, with the Nifty slipping below its crucial psychological level of 8300 in trade today.

• However, markets recouped some of the intraday losses and the S&P BSE Sensex finally closed 50 points lower at 27440.14 while the 50-share Nifty index ended 11.25 points down at 8,320.70.

• Even though the benchmark indices managed to claw back its key resistance levels in the previous session, analysts think that the worst is not over yet and the Nifty could further drift towards the level of 8200 in the next 2-3 weeks.

• As per experts, the best case situation would be consolidation in the market plus/minus 100 points on the Nifty at current levels. Dutt says that there is a 30% to 40% probability that we may go below the 8200 levels as we test the round figure of 8000 levels over the next two to three weeks.

EQUITY DAILY MARKET ANALYSIS OF 05/05/2015

MARKET ANALYSIS

• The market was on fire fueled strongly by oil, FMCG and pharma stocks. The Sensex ended up 479.28 points or 1.8 percent at 27490.59 and the Nifty scaled the 8300-level. The 50-share index closed up 150.45 points or 1.8 percent at 8331.95. About 1954 shares advanced, 838 shares declined, and 153 shares were unchanged.

• ONGC was up 8 percent while Bajaj Auot, Cipla, M&M and BHEL were major gainers in the Sensex. Among the laggards were ICICI Bank, Axis Bank and Tata Motors with marginal losses.

• Shares of Shriram Transport slumped 16 percent intraday after it announced disappointing March quarter results. Its net profit declined 73 percent to Rs 84.23 crore in Q4 of FY15. During the period, its net interest income stood at Rs 1,105.57 crore against Rs 975.95 crore year-on-year.

• The tax department has issued demand notices to the tune of Rs 6,500-7,000 crore (around $1 billion) to foreign portfolio investors (FPIs), claiming payment of minimum alternate tax (MAT) on capital gains related to transactions on Indian stock.

EQUITY DAILY MARKET ANALYSIS OF 04/05/2015

 ECONOMY ANALYSIS

• Sensex closes 215 points down, Nifty above 8200
• Marico Q4 profit jumps 24% to Rs 110 cr, volume growth 3%
• Biocon Q4 net jumps 78% to Rs 201 cr on Syngene shares sale
• US data, Fed caution keep pressure on world stocks, dollar
• New listing on bourses: VRL Logistics debuts at 40% premium
• Axis Bank rises 5%, brokerages say 'buy' post Q4 nos

MARKET ANALYSIS

• Equity benchmarks continued their slide on Thursday, with the Nifty breaching the psychological 8200-mark and the Sensex slipping below\ 27,000.

• The Sensex shed 214.62 points to close at 27011.31 after touching a low of 26897.54 intra-day. The Nifty fell 58.25 points to close at 8181.50, after hitting a low of 8,144.75 intra-day. For the truncated week, the Sensex was down 426.63 points or 1.55 percent and the Nifty by 123.75 points or 1.5 percent.

• The market will be closed for trading on Friday because of Labour Day. The Sensex and Nifty have now fallen a little over 10 percent from their record high seen in early March. But opinion is divided on whether this is a good time to start buying shares.

• MCG, IT, auto and metal shares were the prominent losers today. Banking shares rallied after a sedate start and were the best performers of the day.

EQUITY WEEKLY MARKET ANALYSIS OF 04/05/2015

NEWS INSIGHT

• US shares rally; dollar rises in May Day trading
• LIC loses 5% new premium market share to rivals
• Coal India registers 10.7% growth in production
• Sugar output rises 14.27% to 27.37 mn tonnes in Oct-Apr
• Hero MotoCorp sales decline 7% in April
• Petrol price hiked by Rs 3.96/ ltr; diesel Rs 2.37/ ltr
• Fund raising via NCDs down 77% in FY15
• Sebi to soon issue final norms for listing of startups

NIFTY ANALYSIS

• Positional Support for NIFTY 8020
• Positional Resistance of NIFTY is 8460
• Immediate resistance for NIFTY is 8340
• Intraday Support of NIFTY is 8140

• Oscillator Analysis: Nifty has achieved its target of Double top in full and now some correction in market should be expected. This is also a good opportunity for new investors’ to enter in market. Buy on dips strategy should be followed.

• Petroleum stock can be considered for positional buying.

EQUITY DAILY MARKET ANALYSIS OF 30/04/2015

MARKET ANALYSIS

• The S&P BSE Sensex ended the day in negative territory on Wednesday after playing choppy through the day.

• The broader 50-stock Nifty ended the day above its new crucial support level of 8,230.

Markets @ close

• Sensex at 27,225.93; down 170.45 points. Nifty @ 8,239.75; down 45.85 points.

Top Gainers

Axis bank (4.7%), wipro (1.9%), gail (1.7%), sun pharma (1.5%), icici bank (1.2%)

Top Losers

Bharti airtelbse -3.32 % (-4.1%), itc (-2.8%), hdfc (-2.3%), sesa sterlite (-2.0%), ril (-1.8%)

• Among individual stocks, HDFC slipped over 2% soon after it announced Q4 new profit at Rs 1,862 cr versus Rs 1,723 cr YoY.

• TVS Motor surged 4% after announcing Q4 PAT at Rs 90.5 crore versus Rs 52 crore, up 74% on a year-on-year basis.

NIFTY WAS UP 71.80 POINTS: EQUITY DAILY NEWS OF 29/04/2015

DAILY MARKET ANALYSIS

• The market made a strong closing on late buying. The Sensex ended up 219.39 points or 0.8 percent at 27396.38 and the Nifty was up 71.80 points or 0.9 percent at 8285.60. About 1650 shares advanced, 1086 shares declined and 146 shares were unchanged.

• In a major boost to the market, World Bank estimates India’s GDP growth at 7.5 percent in FY16 and 7.9 percent in FY17. It says that India needs to further rationalise subsidies. World Bank thinks tax-to-GDP ratio may rise after India implements GST but land acquisition remains hurdle in the country's efforts to boost infrastructure.

Markets @ close

Sensex at 27,396.38; up 219.39 points. Nifty @ 8,285.60; up 71.80 points.

Top Gainers
icici bank (7.5%), maruti (5.1%), bhel (2.3%), ntpc (2.0%), axis bank (1.9%)

Top Losers
 Itc (-2.4%), cil (-1.6%), infosys (-1.6%), ril (-1.3%), hul (-1.0%)

Today's Equity Market Updates Of 28/04/2015

DAILY MARKET ANALYSIS

• The 30-stock Sensex ended the day at 27,176.99; down 260.95 points. The broader 50-share Nifty closes the session at 8,205.60; down 99.65 points; below its 200-DMA.

• ICICI Bank slumped over 3% in intraday trade. The stock ended the day down 0.96 percent or Rs 2.95 at Rs 305.15. The company announced Q4 PAT at Rs 2,922 vs Rs 2,652 crore, up 10.1% YoY; below estimates.

• Maruti rose up over 3% as Q4 profit jumped 60% on a year-on-year basis.

Top gainers
MARUTI SUZUKI (2.7%), SESA STERLITE (2.3%), WIPRO (1.7%), CIL (0.3%), TATA MOTORS (0.3%) 

Top losers
SBI (-3.2%), DR. REDDY'S (-3.0%), BHEL (-2.8%), HDFC (-2.7%), HUL (-2.5%)

Nifty above 8,300: EQUITY ANALYSIS OF 27/04/2015

DAILY MARKET ANALYSIS

• The S&P BSE Sensex ended the day at 27,437.94; down 297.08 points. The broader 50-share Nifty closed the session at 8,305.25; down 93.05 points.

• The sentiment was dampened on Dalal Street as Minister of State for Finance Jayant Sinha informed the Lok Sabha that the Income Tax department has sent notices in 68 cases to Foreign Institutional Investors (FIIs) for payment of dues totalling Rs 608.83 crore towards Minimum Alternate Tax (MAT).

• Another stock in focus was DLF, which cracked nearly 5% soon after ET Now reported that the Supreme Court has refused to stay SAT order in DLF IPO disclosure breach case; and has instead sent notice to DLF on the plea of the market watchdog. The stock ended the day at Rs 131.10, down 3.92%, on the BSE.

Top gainers

ongc (2.7%), tcs (2.2%), maruti suzuki (1.9%), tata motors (1.3%), itc
(1.2%)

Top losers

infosys (-6.2%), cipla (-3.6%), sesa sterlite (-2.9%), axis bank (-2.7%), l&t
(-2.5%)

TODAY EQUITY MARKET REVIEW: NIFTY CLOSED SESSION AT 8429.70

23/04/2015

MARKET ANALYSIS

• The Sensex ended the day at 27,890.13; up 214.09 points. Nifty closed session at 8,429.70; up 51.95 points up.
• The 30-stock index saw a wild swing of 561 points in the last two hours of trade.
• The markets today bounced back from a four-week low, snapping a five- session losing streak as blue-chips such as Sun Pharmaceutical Industries rose on value buying.
• Sun Pharma closed up 1.64 percent. The stock had fallen 8.8 percent on Tuesday, its worst daily fall in six years.
• Markets @ close

Top gainers

HUL (3.7%), HERO MOTOCORP (3.6%), L&T (3.4%), AXIS BANK (3.3%), DR. REDDY'S (2.8%)

Top Losers

WIPRO (-6.0%), ONGC (-2.7%), SBI (-1.9%), GAIL (-0.9%), TATA MOTORS (-0.5%)

DAILY EQUITY ANALYSIS OF 22/04/2015

MARKET ANALYSIS

• The Sensex witnessed a choppy session to end the day at 27,676.04, down 210.17 points. The broader 50-share Nifty closed the session below 8,400, down 70.35 points.

• The rupee meanwhile recovered losses after hitting a two-month low of 63.15 versus the US dollar, and made day's high of 62.75 as against the previous close of 62.92.

• Gold tumbled by Rs 400 to hit one-week low of Rs 26,750 per 10 grams at the bullion market today amid a weak global trend and low demand from jewellers and retailers.

Top Losers
SUN PHARMA (-8.9%) HIND. UNILEVER (-4.5%), HINDALCO (-3.1%)
MARUTI SUZUKI (-3.1%) and HINDALCO (-2.6%)

Top Gainers
SESA STERLITE (1.3%), TATA STEEL (1.2%), AXIS BANK (0.9%),
M&M (0.8%) and HERO MOTOCORP (0.

Nifty closed 157.90 points: EQUITY ANALYSIS OF 21/04/2015

DAILY MARKET ANALYSIS

• The Sensex has plunged over 1200 points in four trading sessions, including today's decline, on earnings growth concerns, while weak cues across the region also dampened sentiment.

• The Sensex slipped as much as 639.73 points in trade on Monday, to register its lowest close in three weeks, dragged down by losses in technology, realty, FMCG and auto stocks.

• The rupee slumped to its weakest in over a month after a spurt in dollar outflows triggered by the greenback's strength globally as well as weaker shares, Reuters reported. The rupee had fallen to as much as 62.86 to the dollar, its lowest since March 16.

• The 30-share index closed at 27886.21, down 555.89 points or 1.95 percent. It touched a high of 28,539.46 and a low of 27,802.37 in trade today. The Nifty closed 157.90 points lower at 8448.10.

•  Apart from corporate earnings, developments during the second part of Budget session of Parliament will be closely watched, say experts. The second part of the budget session started on April 20 and will conclude on May 8.

EQUITY ANALYSIS OF 20/04/2015: 50-share Nifty index ended at 8,606

DAILY MARKET ANALYSIS

• The S&P BSE Sensex ended the day at 28,442.10, down 223.94 points in trade on Friday, led by losses in TCS, Infosys, ICICI Bank, Sun Pharma and Axis Bank.

• The 50-share Nifty index ended at 8,606, down 100.70 points.

HIGHLIGHTS

• TCS cracks over 4% intraday post Q4 results. CLSA has a target of Rs 3,000

• IT counter takes a hit post TCS Q4 results; Mindtree slips over 7% intraday

• UBS cuts target for Nifty to 9,200 from 9,600; cites cuts in earnings estimates as key reason for reducing the target

• Lupin falls another 6% intraday on Suprax generic concerns; Kotak Institutional Equities, Nomura downgrade the stock

• Motherson Sumi gains 4% intraday on strong car sales in the EU region

• Tata Steel surges 4% intraday; says no deal with UK unions on pension scheme

• Nikkei ends below 19,700; drops to over one-week low

• Brent trades above $63 | China stock @ fresh 7-year high.

EQUITY ANALYSIS TODAY'S 17/04/2015

DAILY MARKET ANALYSIS

• The BSE benchmark Sensex ended lower for the second straight session ahead of the key earnings. The 30-pack index dropped 133.65 points, or 0.54 percent, to close at 28,645.13. Nifty ended the day at 8,706.7, down 43.50 points.
• Top stocks/events that influenced markets on Thursday
• Tata Consultancy Services Ltd (TCS) tumbled 1.74 percent for the day to close at Rs 2,579 ahead of its fourth quarter earnings.
• Rolta India slumped over 11 percent in trade after US-based Glaucus alleged that the Indian IT company overstated its Ebitda in the belief that the firm will not be able to repay foreign bondholders without refinancing.
• Eicher Motors climbed 3 percent in trade after the Reserve Bank of India (RBI) raised FII limit for the company to 49 percent. FIIs held 19.47 percent stake in the company as of December 31, 2014.
• Stocks of DVRs rally up to 11 percent on reports NSE may include DVRs in the benchmark Nifty from April. Shares with differential voting rights (DVRs) such as Tata Motors DVR and Future Retail DVR rallied up to 11 per cent in trade on Thursday.

RESEARCH VIA EQUITY ANALYSIS: Nifty breaks 8,750

DATE: 16/04/2015

 

 

DAILY MARKET ANALYSIS

• The Sensex closed the day below its crucial level of 29,000; thanks to hectic selling in the last 30 minutes of trade. The broader 50-share Nifty closed at 8,750.

Highlights:

• AirtelBSE -2.32 % cracked 4% intraday, may have to withdraw 'Airtel Zero'
• VRL Logistics' IPO subscribed 0.27 times on NSE, is quoting @ a premium of 38% in grey market
• Gujarat Gas gained 15% intraday; firm got authorisation from PNGRB to lay, build, operate, or expand city or local natural gas distribution network (CGD) for Thane, Maharashtra
• Gateway Distriparks rallied nearly 5% intraday on reports that it plans to list rail unit
• Torrent Pharma rallied 5% intraday on reports it is close to sealing a deal to acquire the dermatology business of Mumbai-headquartered Encore group
• DCB Bank surged over 9% intraday as Q4 results beat expectations; net profit surged over 60%
• ACC gained over 2% intraday as Q1 profits meet expectations.

RESEARCH VIA EQUITY ANALYSIS OF 13/04/2015

DAILY MARKET ANALYSIS

• The S&P BSE Sensex slipped over 100 points in trade on Friday, before closing the day in the red. Cipla, Hindalco, HDFC Bank, Hero Moto and HDFC were the top gainers in late trade.
• Markets @ close
• Sensex at 28,879.38, down 5.83 points. Nifty @ 8,780.35, down 2.05 points
• Swap ratio for proposed NSEL-FTIL merger 8:2
• Zee Ent slips 2.5% intraday; says FII stake has come down by 193 bps to
  49.98%
• MTNL surges over 6% intraday; gets Rs 129 crore income-tax refund for
  FY07
• Nikkei tops 20,000 for the first time in 15 years; but ends 0.2% @ 19,907.63
• FTSEurofirst 300 hits highest since 2000 as euro slips to lowest level since March 19
• China's main stock indexes rise to fresh 7-year highs, posting fifth consecutive weekly gains.

EQUITY WEEKLY MARKET ANALYSIS BY RESEARCH VIA

DATE: 13/04/2015

NEWS INSIGHT

• Auto industry eyes double-digit sales growth in FY16
• Feb IIP growth@5% vs -2% YoY, fastest in 9 months
• Apollo Global sells stake in Dish TV for Rs 263 cr
• Zomato raises Rs 311 crore from existing investors
• Sensex snaps 5-day rally but mid, smallcap run continues
• HDFC to raise up to USD 500 million from ECB
• HDFC cuts loan rates by 20 bps to 9.9%
• Nikkei tops 20,000 for first time in 15 years; up 2.4% on week
• France to invest euro 2 bn in India

RESEARCH VIA EQUITY ANALYSIS 10/04/2015

 MARKET ANALYSIS

• The benchmark 30-stock index, Sensex, ended the day on a positive note on Thursday after witnessing a choppy trade through the day in a 100-point range.
• The index had opened with a gap-up following a rating outlook upgrade by Moody's.
• The Sensex ended the day at 28,885.21; up 177.46 points. The Nifty closed the session at 8,778.30; up 63.90 points.
• Pharma stocks fell after BofA-ML downgrade
• Sun Pharma fell 3.8% intarday, Lupin 3.66%, Cadila Healthcare 3.99% and Cipla 2.83%
• Axis Bank gained about 3% intraday; Canara Bank 2.57%
• PNB gained 5% intraday; Zee Entertainment 4.69%
• Kotak Bank gained 4.33%; IndusInd Bank 3.94%
• Tata Comm surged 9% intraday on talks of land sale
• REC surged 5% intraday; govt raised Rs 1,550 cr via OFS yesterday
• Kitex surged 10% intraday, is up 60% in four days
• Japan's Nikkei ended day at 19,937; HK shares hit 7-yr high.

EQUITY DAILY ANALYSIS BY RESEARCH VIA ON 09/04/2015

 MARKET ANALYSIS

• Indian shares rose on Wednesday, marking their highest close in three weeks, led by gains in resources stocks such as Coal IndiaBSE 5.73 % and Reliance Industries.
• Coal India climbed 5.8 percent on reports that the government has lifted the cap on the company's e-auction sales.
• Reliance Industries BSE 3.93 % surged about 4%, marking its biggest daily gain since March 3.
• Markets @ close
• Sensex ends day at 28,707.75; up 191.16 points. Nifty closes at 8,716.00; up 55.70 points.
• Coal India rallied over 6% intraday as govt has removed cap on e-auction sales
• REC OFS subscribed 200% on institutional demand
• Smallcap index outshines Sensex and Nifty, gains 204.30 points, or 1.79%
• GATI gained about 3% intraday; the firm plans to raise Rs 120 crore via QIP

RESEARCH VIA EQUITY REPORT 08/04/2015

MARKET ANALYSIS 

• The market extended upmove in opening trade today with the Nifty reclaiming 8700 level led by FMCG, IT and banks stocks. The Sensex rallied 122.87 points to 28639.46 and the Nifty climbed 38.65 points to 8698.95.

• About 429 shares have advanced, 73 shares declined, and 92 shares are unchanged on the BSE. Shares of Coal India, Tata Motors, Infosys, Tata Power, NTPC, HDFC Bank, ICICI Bank and Sun Pharma topped the buying list on Sensex. However, Bharti Airtel declined.

• The cabinet has cleared the decks to create a regulator for realty sector. The watchdog will address consumer grievances within 60 days. Penal provisions will be initiated against realtors who violate the rules. Reserve Bank of India Governor Raghuram Rajan kept key policy rates unchanged yesterday and asked bankers to pass on previous rate cuts. Banks obliged with the ICICI Bank cutting rates by 25 basis points.

• SBI and HDFC Bank also eased rates by 15 basis points each. Glenmark Pharma gained 3.5 percent on approval from CCEA to hike FII limit in company.

07/04/2015 RESEARCH VIA EQUITY UPDATES

DAILY MARKET ANALYSIS

MARKET ANALYSIS

• Sensex @ 28,504.46; up 244.32 points. Nifty @ 8,653.50; up 67.25 points.
• Sun Pharma surges over 9% intraday; moves from 8th to 5th spot on Nifty
• Sebi plans new norms for changes in constituents of Sensex and Nifty
• Deccan Gold seeks Sebi nod to raise Rs 44 cr from rights issue
• EOW ropes in Sebi to investigate brokers' role in NSEL fiasco
• Adlabs Ent flip-flops in a highly volatile trade on debut
• Sun TV slips over 11% intraday after ED attaches Rs 742 crore assets of Marans
• High on Iran deal! Aban Offshore rallies over 7% intraday, oil stocks gain
• Cement stocks rise on Q4 expectations; Ramco Cement up 6% intraday, India Cements 3%
• Morgan Stanley turns cautious on TVS Motors
• ADC India slips 11.9% intraday; Rajasthan Global Securities raises stake in firm to 5%
• Aban Offshore surges 7% intraday as Iran-US reach agreement on nuclear program

RESEARCH VIA EQUITY 06/04/2015 DAILY MARKET ANALYSIS

MARKET ANALYSIS 

• The S&P BSE Sensex jumped 300 points on Wednesday to snap a three-week losing streak, led by gains in pharmaceutical stocks such as Sun Pharmaceutical Industries BSE 5.51 % and Ranbaxy Laboratories BSE 5.63 % ahead of the latter's merger with the former.
• The Sensex rallied 2.92 percent or 801.50 points for the week to post its biggest weekly gains since week ended January 23, Reuters reported. The 50-share Nifty index gained 2.94 percent or 244.85 points in the same period.
• The market will remain closed on Thursday, April 2, on account of Mahavir Jayanti and on Friday, April 3, for Good Friday.
• According to experts, the upcoming January-March earnings and Reserve Bank of India's policy review on April 7 would be the next key trigger for the market.
• The 30-share index closed at 28,260.14, up 302.65 points or 1.08 percent. It touched a high of 28,298.34 and a low of 27,889.02 in trade today.
• The Nifty ended at 8586.25 up 95.25 points or 1.12 percent. It touched a high of 8603.40 and a low of 8464.75 in trade today.

RESEARCH VIA EQUITY WEEKLY MARKET ANALYSIS

DATE: 06/04/2015

 NEWS INSIGHT

• SEBI won't revisit 25% public holding norm in listed cos
• GMR Infra to consolidate holdings in GMR Airports
• PE investments in Jan-Mar this year rise 20% to $2,646 mn
• Mutual funds near Rs 12 lakh cr mark in FY15; add Rs 3 lakh cr
• MAT to become irrelevant after corporate tax comes down to 25%
• India ranks 119 on global business resilience index
• GERC sanctions 2.47 per cent tariff hike to four discoms
• Chinese stocks hit fresh 7-year high despite rush of IPOs

RESEARCH VIA EQUITY NEWS: Nifty Ended At 8491 Down

DATE: 01/04/2015

MARKET ANALYSIS

1. The S&P BSE Sensex on Tuesday ended flat, but posted its biggest fiscal- year gain in six, as domestic funds buy shares to dress up their yearly performance at the end of 2014-15.
2. The benchmark BSE index has gained 24.89 percent in 2014-15, its best since 2009-10 on bets that the Prime Minister Narendra Modi-led government would be able to revive growth in Asia's third-largest economy. While, the 50-share NSE index rose 26.65 percent in the same period.
3. The 30-share index finally closed at 27957.49, down 18.37 points or 0.07 percent. It touched a high of 28,180.64 and a low of 27,868.21 in trade today.
4. The Nifty ended at 8491 down 1.3 points or 0.02 percent. It touched a high of 8550.45 and a low of 8454.15 in trade today.
5. The S&P BSE Sensex has fallen over 2000 points from its record high level of 30024.74, hit earlier in the month of March, but analysts are of the view that the bull run is still on and the index is well on its way to hit fresh record high in the year 2015.

EQUITY MARKET ANALYSIS: 50-share Nifty index ended at 8492 up

Date: 31/03/2015

1. The S&P BSE Sensex surged over 500 points in the fag end of the trading session on Monday, to snap its eight-session losing streak, led by strong buying seen in frontline stocks such as HDFC, ITC, HDFC Bank, L&T and Axis Bank.
2. Most technical analysts are not reading too much into today's up move and sees it as more of a technical pull back rally, and till the time 8500-8520 levels on Nifty is not crossed comfortably, there is always a possibility of markets falling towards support levels.
3. Tracking the momentum, the 50-share Nifty index also managed to rally over 150 points, but closed shy below its crucial psychological level of 8500, supported by gains in auto, banks, capital goods, FMCG and realty stocks.
4. The 30-share index surged as much as 559 points to reclaim its crucial psychological level of 28000 in trade today. The index finally closed at 27975.86, up 517.22 points or 1.88 percent.
5. The 50-share Nifty index ended at 8492 up 150.90 point or 1.81 percent. It touched a high of 8504.55 and a low of 8380.75 in trade today.

EQUITY NEWS INSIGHT OF 30/03/2015

• Sensex, Nifty close flat; banks lead, telecom & FMCG fall
• Power Grid to invest Rs 2,000 cr for transmission projects
• Tax deducted at source and actual tax liability may differ
• Drugs to cost upto 30%of price at Jan Aushadhi stores
• TRAI seeks to regulate net-based calls, messages
• IndiGo heads towards $400 mn IPO as travel booms
• Land ordinance: Decision on proroguing Parl today
• Govt plans $10-billion push for chip manufacturing
• Gas price reduced from $5.61 to $5.01 a unit

EQUITY~ DAILY MARKET ANALYSIS

Date: 27/03/2015

• Rising tensions in Middle East took a toll on Dalal Street that saw panic sell-off in late trade, with benchmark indices breaking below their support levels in a stock market that has been struggling to hit upon cues for some time now.

• Saudi Arabia-led coalition of Arab nations has launched air strikes in Yemen to push back Houthi rebels. This led to a spike in oil prices that jumped 6% to $59.70 a barrel.

• Sensex ended the day at 27,604.37, down 507.46 points. Nifty ended the day at 8,383.80, down 147 points.

HIGHLIGHTS

• BSE market cap falls below Rs 1 lakh crore mark.Nifty logs worst fall since January 6 .- PNB has slipped over 32% this year

• Companies with heavy foreign institutional holdings led the declines. HDFC fell 5%, ICICI Bank fell 1.4%, HDFC BankBSE -2.58 % fell over 2% - Telecos rose intraday: Bharti AirtelBSE 0.98 % gained 1.2%; Idea gained 1.8% on hopes of winning key 900 Mhz spectrum.

EQUITY: DAILY MARKET ANALYSIS

Date: 26/03/2015

MARKET ANALYSIS

•  Sensex at 28,111.83; down 49.89 points. Nifty at 8,530.80; down 12.15 points. 
• Allahabad Bank allots 2.67cr equity shares to Government of India on preferential basis. 
• Top gainers SUN PHARMA (1.4%), TATA MOTORS (1.4%), WIPRO (1.3%), ICICI BANK (1.2%), M&M (1.1%)
• Top losers NTPC (-3.5%), GAIL (-2.7%), COAL INDIA (-2.6%), L&T (-2.5%), SBI (- 1.9%)
• Hindustan Construction surged nearly 8% intraday on Rs 217-crore arbitration award
• JSW Energy gained 2% intraday after BNP Paribas starts coverage with 'buy'
• SpiceJet slipped 5% intraday as Irish aircraft leasing firms approach court
• IPCA Labs plunged 13% intraday on USFDA import alert
• Godrej Properties rallied over 6% intraday on Pune township project, saw bulk 

EQUITY DAILY MARKET ANALYSIS

Date: 25/03/2015

MARKET ANALYSIS 

• The S&P BSE Sensex extended losses for fifth straight session led by losses in auto, banks, capital goods and FMCG sectors. The market is likely to consolidate with negative bias ahead of the March series F& expiry, say analysts.

• The 30-share index ended at 28,161.72, down 30.3 points or 0.11 percent. It touched a high of 28,455.32 and a low of 28,130.09 in trade today.

• The Nifty closed at 8,542.95, down 7.95 points or 0.09 per cent. It touched a high of 8,627.75 and a low of 8,535.85 in trade today.

• Tata Motors (3.42 percent), Hindalco (1.51 percent), Hindustan Unilever (1.33 percent), SBI (1.31 percent) and Hero MotoCorp (1.08 percent) were among the index losers.
• Bharti AirtelBSE 2.86 % (up 3.43 per cent), GAIL (up 1.82 per cent), Sun PharmaBSE 1.55 % (up 1.78 per cent), Dr Reddy's LaboratoriesBSE 1.73 %(up 1.72 per cent) and Sesa Sterlite (up 1.52 per cent) were among the Sensex gainers.

• The market breadth was negative on the BSE with 1,107 gainers against 1,702 losers.

EQUITY DAILY MARKET ANALYSIS

Date: 24/03/2015

• The market closed marginally lower on Monday. The Sensex shed 69.06 points to 28192.02 and the Nifty lost 20 points to 8550.90. More than two shares declined for every share advancing on the Bombay Stock Exchange. State-run power equipment maker BHEL fell nearly 4 percent.

• ICICI Bank, Infosys, Reliance Industries, HDFC Bank, SBI, ITC, Axis Bank and Wipro were down 0.5-1.7 percent. However, Hindalco and NTPC topped the buying list, up 3 percent each. ONGC, Hero Motocorp, GAIL and Sesa Sterlite gained 1-1.7 percent.

• The government is on course to meet its fiscal year 2014-15 deficit target of 4.1 percent it outlined in the Union Budget in February, expenditure secretary R Wattal told CNBC-TV18. This is despite the government likely falling short of meeting its telecom-receipts target of Rs 43,161 crore in the Budget. Of the telecom receipts, the government had forecast about Rs 12,000 crore from the ongoing spectrum auction, which may not accrue this year.

EQUITY DAILY MARKET ANALYSIS

Date: 23/03/2015

MARKET ANALYSIS

1. The market ended lower dragged mostly by capital goods and FMCG stocks. The Sensex is down 208.59 points or 0.7 percent at 28261.08. The Nifty is down 63.75 points or 0.7 percent at 8570.90.
2. About 770 shares have advanced, 2104 shares declined, and 168 shares are unchanged. Only IT index ended in green. Wipro, Infosys, Coal India, Dr Reddy's Labs and TCS are top gainers in the Sensex. Among the losers are NTPC, ICICI Bank, BHEL, M&M and GAIL.
3. Amidst differences over regulation of money market between RBI and the government, the central bank today said there is a need to examine various related issues connected with issuance of public debt.
4. Wipro, Infosys, Hindalco, HDFC and TCS are top gainers while NTPC, BHEL, GAIL, M&M and ICICI Bank are major losers.
5. After much controversy and procedural wrangles, the Mines and Minerals (Development and Regulation) Amendment Bill, 2015, was passed by the Rajya Sabha with all parties, barring Congress and the Left, supporting it.

WEEKLY EQUITY MARKET ANALYSIS 23/03/2015

NEWS INSIGHT

1. Sensex closes 200 points down; Wipro up 3%; NTPC, Bhel top losers
2. HMT plunges 10%; govt is shutting sick PSUs
3. Sugar turns sour on Street, stocks fall upto 6%
4. Emami falls about 6% after UBS downgrade
5. GoDaddy's IPO to value co @ $2.87 billion
6. Nestle India slips 2%, thank UBS downgrade
7. BHEL down 3%; FY15 results may disappoint
8. Tata Motors falls over 2% as JLR recalls units.

NIFTY ANALYSIS

Oscillator Analysis Nifty has taken closing below the 200 days EMA. A spinning top has formed on 4 hourly chart but again closing is below the 200 days EMA. There is no strength for market ion buying and sell on rise strategy should be followed by investors. 

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EQUITY MARKET ANALYSIS 20/03/2015

MARKET ANALYSIS

• The 30-stock Sensex ended the day in the red after rallying over 300 points in intraday trade on hopes that US Federal Reserve would not go for a rate hike soon.

• The Nifty extended losses for second straight session and closed near support of 8,600.

• The US Federal Reserve took a dovish stand on interest rates and said the action will be data driven. According to analysts, the hike may happen in  June or may get delayed to September as well.

• Most of the Asian markets ended in the green zone, except for Japan's Nikkei, which closed the day below its crucial 19,500-mark.

• The Sensex ended the day at 28,469.67; down 152.45 points.

• The broader 50-share Nifty closed the session at 8,634.65; down 51.25 points.

• Top gainers on sensex: Gail, Ntpc, , Ongc and Tata steel (0.9%)
• Top losers on sensex: axis bank , Bhel, Sbi, Ril and Icici bank (-1.7%)

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EQUITY MARKET ANALYSIS

 MARKET ANALYSIS

1. The market closed a range bound session on a weak note with benchmark indices losing 0.4 percent each ahead of Federal Reserve policy meeting outcome tonight. FMCG, infrastructure, technology and select auto stocks saw selling pressure.
2. The 30-share BSE Sensex fell 114.26 points to 28622.12 and the 50-share NSE Nifty declined 37.40 points to 8685.90 on profit booking after rising a percent in previous session. However, the broader markets outperformed benchmarks with the BSE Midcap and Small cap indices rising 0.3 percent each.
3. About 1270 shares advanced against 1584 shares declined on the Bombay Stock Exchange. Global markets awaited the US Federal Reserve's policy announcement with caution. European equities were mixed while most Asian benchmarks ended higher with the Shanghai rising over 2 percent.
4. HDFC, ITC, ONGC, Wipro, HUL, M&M, Bharti Airtel and BHEL dropped 1-2 percent whereas Reliance Industries and SBI gained more than 1.3 percent.
5. Sesa Sterlite was up 0.6 percent and Kalyani Steels rallied 5.5 percent. 

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EQUITY DAILY MARKET ANALYSIS 18/03/2015

ECONOMY ANALYSIS

1. Sensex ends up 299 pts, Nifty at 8723 ahead of Fed meet
2. Just Dial to spend Rs 100cr on Search Plus mktg in FY16
3. FACT surges 20% on revival hopes; co says need Rs 2000 cr
4. IRB Infra up 2% on financial closure for Aurangabad project 6
5. Oil prices mixed in Asia, US crude near six-year lows
6. ECB's Draghi calls for quantum leap in European integration

MARKET ANALYSIS

• The S&P BSE Sensex snapped a two-day decline and closed nearly 300 points higher in a pullback rally on Tuesday led by gains in stocks of capital goods, FMCG and healthcare sectors. In the near term, the market will take cues from the comments of the US Federal Reserve on interest rate hike in the US.

• The 30-share index closed at 28,735.33, up 297.62 points or 1.05 percent. It touched a high of 28,784.35 and a low of 28,435.45 in trade today.

• The Nifty ended at 8,723.30, up 90.15 points or 1.04 percent. It touched a high of 8,742.55 and a low of 8,630.80 in trade today.

• Hindalco (up 5.75 per cent), Sesa Sterlite (up 4.02 per cent), Dr Reddy's Laboratories (up 3.53 per cent), HDFC (up 2.62 per cent) and Axis BankBSE 1.93 % (up 2.58 per cent) were the among the Sensex gainers.

• Infosys (1.10 per cent), Coal India (0.78 per cent), Tata Power (0.62 per cent), Bharti AirtelBSE -0.60 % (0.60 per cent) and Wipro (0.60 per cent) were among the index losers.

• The market breadth was positive on the BSE with 1374 gainers against 1437 losers.

EQUITY DAILY MARKET ANALYSIS 17/03/2015

 ECONOMY ANALYSIS

• Sensex, Nifty end in red; Infosys, BHEL, Tata Power up 2%
• Feb WPI inflation falls to all-time low of -2.06%
• Jet, SpiceJet up 3-4%; eye new international flying rules
• Oil prices drop on strong dollar, US crude hits six-year low
• Govt to re-examine bids for 5 more coal blocks
• Blue Star to transfer PE&IS biz to wholly-owned subsidiary

MARKET ANALYSIS

• The Sensex ended the day in red after a choppy session which saw the 30- stock index slipping over 100 points soon after the inflation data came in at -2.06% for

• The month of February, and then getting back in the green for a short while before settling the day 66 points down.

• The Sensex closed the session at 28,437.71; down 65.59 points. The broader 50-share Nifty ended the day at 8,633.15; down 14.60 points.

• Top five losers on the Sensex were Sesa Sterlite (-5.1%), BHARTI AIRTEL (-3.3%), HINDALCO (-3.2%), NTPC (-2.4%), HDFC (-1.6%)

• Top five gainers were Infosys (2.2%), BHEL (1.9%), Tata Power (1.6%), Sun Pharma (1.4%), WIPRO (1.2%)

DAILY EQUITY MARKET ANALYSIS 16/03/2015

The Indian Rupee depreciated by 0.9 percent on Friday after downbeat inflation data, Indian markets closed on a negative note as investors raised concerns about interest rate cuts. Also, weakness in the local equities and Asian currencies market coupled with demand from importers for the Greenback exerted pressure on the Rupee. However, IMF ups India growth forecast to 7.2% for current fiscal along with hopes of Insurance Bill passage in Parliament boosted sentiments. The currency touched a weekly low of 63.11 and closed at 63.08 on Friday. Inflation rate for the month of February rose to 5.37 percent as compared to 5.19 percent in January thereby diminishing hope of another rate cut by RBI. There has been a decline in Indian exports which may risk the economy in the long run. For the month of March 2015, FII outflows in equities totaled at Rs.9138.74 crores ($1475.38 million) as on 13th March 2015. Year to date basis, net capital inflows stood at Rs.33533.24 crores ($5431.89 million) as on 13th March 2015.

Perspective: From the intra-day perspective, Indian Rupee is expected to trade sideways today ahead of WPI data release. However, cautious stance in Asian equities along with strength in the DX will keep a check on gains.

ECONOMY ANALYSIS

• Sensex bleeds 427 pts, Nifty ends at 8648
• SAT quashes SEBI order against DLF; stock rises 9%
• DIPP gives more clarity on construction FDI norms
• Bajaj Auto slips 2%, CLSA retains underperform & cuts EPS
• Precision Camshafts files draft papers with Sebi for IPO
• Intel cuts revenue forecast as desktop demand weakens

MARKET ANALYSIS

• The world's unluckiest day spooked the Sensex, which slipped by as much as 427 points in trade, weighed down by banking stocks after data showed that consumer inflation has edged up. The numbers raised concerns about rate cuts and sent bond yields higher.

• The S&P BSE index closed 1.48 percent lower or 427.11 points at 28,503.30 after gaining as much as 0.9 percent earlier in trade today. However, on a weekly basis the benchmark index recorded a fall of 945 points or 3.2 per cent from its closing value of 29448.95 recorded on 5th March 13, 2015.

• The 50-share Nifty index finally closed at 8647.75, down 1.4 per cent or 128.25 points. For the week, the index posted a loss of 290 points or 3.24 percent, from its closing value of 8937.75 recorded on 5 March 2015.

• The benchmark index has already slipped as much as 1521 points from its record high of 30024.74 hit earlier in the month of March. Pressure on rupee, concerns over key bills and sooner-than-expected interest rate hike by the US Federal Reserve made investors cautious.

WEEKLY EQUITY UPDATE AS OF 16/03/2015

NEWS INSIGHT

• Sensex posts worst weekly fall in 2015; down 945 points
• Court grants bail to RSPL officials in coal scam
• BSE to auction g-secs worth Rs 893 cr for FIIs
• SAT rules in favour of DLF; quashes order by Sebi via 2:1 majority
• Tyre stocks slip 3% on import duty hike report
• HSIL cracks 4% after approving QIP @ discount
• Suzlon undervalued vs Inox Wind IPO on P/S ratio
• Gold snaps 8-day losing streak; above $1,150

NIFTY ANALYSIS

• Positional Support for NIFTY 8572
• Positional Resistance of NIFTY is 8900
• Immediate resistance for NIFTY is 8780
• Intraday Support of NIFTY is 8631
• Oscillator Analysis Nifty has taken closing below the 21 days EMA. Global market is also facing high selling pressure ahead of US rate cut expectation. Nifty open in green on Monday with volume should be considered as buying opportunity for investors until the support at 8600 is not broken.

Equity News(13/03/2015): The Nifty ended in the positive

Equity Mutual Funds advanced as the market snapped three-day losing streak on Thursday, reacting to the Indian economy growth forecast by International Monetary Fund (IMF). The 30-share BSE Sensex rose 271.24 points or 0.95 percent to 28930.41 and the 50-share NSE Nifty climbed 76.05 points or 0.87 percent to 8776. The BSE Midcap and Smallcap indices gained 1.2 percent and 0.9 percent, respectively. IMF on Wednesday raised its growth forecast for the current fiscal to 7.2 percent, even as it called for steps to revitalise the investment cycle and accelerate structural reforms in the country. The Indian rupee opened flat at 62.49 per dollar on Friday against previous day's closing value of versus 62.50 a dollar. The US dollar fell about half a percent, pausing its recent rally. The euro edged higher to 1.06 levels, up from 12-year lows.

MARKET ANALYSIS

• The Nifty ended in the positive land for the first time after three-day downtrend with the International Monetary Fund (IMF) raising its growth forecast for the current monetary to 7.2 percent.

• The 50-share catalog ended at 8,776, up 76.05 points or 0.87 percent. In trade it touched a high of 8,787.20 and a low of 8,732.90 on Thursday.

• The S&P BSE Sensex closed at 28,930.41, up 271.24 points or 0.95 percent. It touched a high of 28,971.01 and a low of 28,772.71.

• Cairn India (up 4.96 per cent), SesaBSE 3.63 % Sterlite (up 4.72 percent), NTPCBSE 3.54 % (up 3.74 per cent), HindalcoBSE 3.37 % (up 3.15 percent) and Sun PharmaBSE 2.46 % (up 2.78 per cent) were the among the index gainers.

• Tech MahindraBSE -2.13 % (2.21 per cent), M&M (1.57 per cent), Bajaj AutoBSE -1.01 % (1.36 per cent), Dr Reddy's Laboratories (1.17 per cent) and Coal IndiaBSE -1.23 % (1.03 per cent) were among the major Nifty losers.

• The market width was positive on the NSE with 914 gainers against 573 losers

ECONOMY ANALYSIS

• Sensex ends 271 points up, Nifty above 8,770; Sesa gains over 4%
• Spicejet gains over 13%; foreign airlines eye stake
• Jindal Stainless surges 11%; up 27% in two trades
• Feb CPI may inch to 5.26%; Jan IIP slowdown to 0.5%
• Bank of Korea joins global policy easing with surprise rate cut
• Ranbaxy merger: Sun Pharma readies new leadership team

EQUITY REPORT DAILY MARKET ANALYSIS 12/03/2015

ECONOMY ANALYSIS

• Nifty ends below 8700; Bharti up 6%, Hindalco falls 4%

• CESC jumps 5% on multi-yr tariff plan; JP Morgan overweight

• Gold stuck near 3-month low as dollar strength weighs

• Adani, GVK win Australian state backing to expand coal port

• SC defers re-hearing of PILs in RIL gas pricing case

• Cairn India at 5-yr low on tax notice to Cairn Energy

MARKET ANALYSIS

• The Nifty extended losses for third straight session and closed below 8,700 led by losses in oil & gas, metals and healthcare sectors.

• The 50-share index ended at 8,697.50, down 14.55 points or 0.17 percent. It touched a high of 8,755.60 and a low of 8,682.35 in trade today.

• The S&P BSE Sensex ended at 28,642.39, down 67.48 points or 0.24 per cent. It touched a high of 28,843.23 and a low of 28,608.18 in trade today.

• The S&P BSE Oil & gas fell 1.01 per cent, the S&P Metal Index was down 1.58 per cent and the S&P BSE Healthcare Index declined 0.90 percent.

• Hindalco (5.18 per cent), Sesa Sterlite (2.78 per cent), Cairn India (2.75 per cent), Tata SteelBSE -1.88 % (1.96 per cent) and Bank of Baroda (1.83 per cent) were among the major Nifty losers.

• Bharti AirtelBSE 5.97 % (up 6.17 per cent), Tech Mahindra (up 3.14 per cent), NTPC (up 3.03 per cent), M&M (up 2.10 per cent) and Kotak Bank (up 1.94 per cent) were the among the index gainers.

• The market breadth was negative on the NSE with 572 gainers against 931 losers.

EQUITY REPORT 11/03/2015 ON DAILY MARKET ANALYSIS

ECONOMY ANALYSIS

 Asian equities mixed on weak yen, Wall Street's plunge

 Current account deficit narrows to USD 8.2 bn in Q3

 Forex reserves jump $16.4 bn in first 9 months of FY15: RBI

 India revives plans for urea plant in Iran; investing Rs 5K cr

 Mphasis looking to sell domestic BPO business: Sources

 Prime Property: Mumbai Metro facing Green hurdle

MARKET ANALYSIS

 The 50-share Nifty index is expected to open lower on Wednesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 8700 in trade today.

 At 07:00 a.m., Nifty India stock futures in Singapore were trading 1 point lower at 8,755 indicating a flat opening on the domestic market.

 However, experts are of the view that passing of Land Bill is positive, but markets are going to react more on global cues.

 The S&P BSE Sensex cracked 738 points in a matter of just two trading session, while Nifty slipped 225.70 points to close marginally above its crucial psychological support level of 8,700 on Tuesday.

 Overnight, US stocks ended lower giving the S&P 500 its biggest decline in two months, on increasing views the Federal Reserve may raise rates as soon as June.

TRADING-TIPS-ON-EQUITY-09/03/2015

ECONOMY ANALYSIS

• Govt notifies export subsidy of Rs 4,000/tonne for raw sugar
• Prices of leafy, other vegetables rise by up to 67%
• Govt optimistic about GST roll out from April 2016: Rev Secy
• Direct tax collections up 10.67% in 11 mths of FY'15
• Hiring up 12% in Feb; demand highest in IT/telecom: Survey
• Oilmeal exports drop by 41% to 1.18 LT in Feb

MARKET ANALYSIS

• Funds mop-up via debt placement doubles to Rs 42,000 cr in Feb
• Sensex rebounds 68 pts as pharma, FMCG, banking shares rise
• DoD working out modalities for strategic sale of PSUs: Secy
• Defensives drive Sensex to rebound; Sun Pharma, HDFC lead
• 9K key resistance for Nifty; like HCL Tech, NBCC: Nomura
• Eyeing EBITDA growth of 35% for FY15: Jyothy Laboratories
• IDBI Bank to raise Rs 20,000 cr from bond issuance in FY'16
• DHFL raises Rs 809.61 cr from institutional investors
• Rate cut: Home loan EMI to go down, gilt funds’ NAV to rise
• NGO cries foul over 17 pc cut in Budget for children
• ‘Rel Infra-Pipavav together share vision for infra growth'
• Sensex falls 644 from top after hitting 30K on RBI rate cut
• Mkt performance to continue, see Sensex at 33K in Dec: Citi

TRADING-TIPS-ON-EQUITY-05/03/2015

ECONOMY ANALYSIS

• Lok Sabha passes Coal Bill to replace Ordinance
• GDP to remain comprehensive measure of economy: Govt
• Increasing global oil prices pose risk to inflation: RBI
• Govt to train 7 lakh people by 2018 to meet power sector needs
• 8-8.5% growth is more like statistical and not real: CEA
• 'Make in India' will yield results in minimum 18 months: Kant

MARKET ANALYSIS

• Further rate cuts of up to 0.75% expected in 2015: Experts
• Sensex ends in red after hitting 30K as rate cut cheer wanes
• Sensex falls 644 pts from top after hitting 30K on RBI rate cut
• Expected RBI to wait till April for rate cut: Rangarajan
• RBI rate cut good for business, will boost demand: Revenue Secretary
• Ortel gets Rs 46.3 cr from Axis MF & ICICI Pru Life
• Sub 6% CPI by FY16 end, 25 bps cut by June likely: Barclays
• Need for farm workers may be hit due to crop damage: CACP
• Govt launches public contest on advice for PMO mobile app
• European Union lifts ban on import of mangoes from India
• Banks should pass on RBI rate cut benefits, say auto makers
• RBI slashes lending rate by 0.25%; EMIs on home, auto loans to come down

04/03/2015 DAILY MARKET ANALYSIS ON EQUITY

ECONOMY ANALYSIS

 Sensex, Nifty end at record closing highs; oil & it stocks soar

 Nifty on cloud 9, hits 9,000 in a first

 IL&FS Transportation up 4% on railway over bridges order

 Ramco Systems hits record high, up 14% on order in Vietnam

 Ranbaxy loses approvals, exclusivity of 2 drugs in US

 Spectrum auction for four bands to start tomorrow

MARKET ANALYSIS

• It was an early Holi for Nifty on Tuesday with the 50-share index rallying over 50 points to hit a fresh record high of 9,008.40 in trade.

• After rallying by over 30 per cent in the calendar year 2014, Nifty has managed to add another 8 percent to its tally so far in 2015. From a technical point of view, Nifty has the strength to surge past levels of 10,000 and if the momentum continues, it may even surge past 11,000 in the next one year.

• The 50-share Nifty index finally closed 39.50 points higher or 0.44 percent at 8,996.25. It rose to a record high of 9,008.40 and a low of 8,925.55 in trade today.

• Nifty gave a strong technical breakout immediately after the 2014 Budget. On a monthly time-frame, the Nifty saw just a mild one month stall, before resuming its journey up to levels above 9000 in March 2015.

• The Budget has set the tone for long-term growth trajectory for Indian economy. Among other things it has introduced fiscal-policy loosening and ease of doing business, which could benefit India Inc in a big way.

03/03/2015 DAILY MARKET ANALYSIS ON EQUITY

ECONOMY ANALYSIS

• Markets ends in green: UltraTech big gainer, surges 7.7%; ITC top loser
• Infosys inks 5-year deal with Dutch firm TNT
• Bajaj Auto shares tank over 5% as sales fall in February
• ITC cracks over 3 per cent on cigarettes duty hike in Budget; CLSA downgrade

MARKET ANALYSIS

• It was a stellar closing of market, a day after Budget. The Sensex ended up 97.64 points at 29459.14 and the Nifty was up 54.90 points at 8956.75. Axis Bank, Cipla, L&T, BHEL and HUL were top gainers while ITC, Bajaj Auto, Bharti Airtel, Hero Motocorp and Tata Motors. Midcaps was at record closing high with stocks like Muthoot Finance and Relaxo Footwear gaining 5-7 percent intrday.

• European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend. The dollar hit an 11-year high against a basket of currencies, partly as a result of a weaker Chinese yuan and on growing prospects of a rise in interest rates from the U.S. Federal Reserve.

• Tata Motors Monday reported 10.69 percent increase in total sales at 44,225 units in February, as against 39,951 units in the same month last year.

FREE EQUITY TRADING TIPS OF 02/03/2015

ECONOMY ANALYSIS

• Budget 2015: Sensex gains 141 pts, Nifty reclaims 8900; ITC sinks 9%

• 10% TDS introduced for PF withdrawal before 5 years

• Buyback tax up from 22.66% to 23.07% for unlisted companies

• Specific mutual fund service tax exemption withdrawn

• Tax savings of Rs 7,169 cr due to raise in deduction limits

MARKET ANALYSIS 

• The market swung along some 678 points intraday, with some late buying that saved the day. After a lot of volatility, the Nifty ended at a month-high closing level.

• The 50-share index closed up 57.25 points or 0.6 percent at 8901.85 while the Sensex was up 141.38 points or 0.5 percent at 29361.50. Investors had pinned a lot of hope for more reforms in the Budget 2015 presented by Finance Minister Arun Jaitley and enthusiastic trading took the Sensex up almost 400 points in early trade.

• The Nifty, too, climbed the 8900-level peak much before the FM’s Budget proposal speech. However, things did not remain so rosy as soon the FM announced some excise duty hikes. An excise duty hike by 15 percent for cigarettes took a toll on index heavyweight ITC, knocking off some 9 percent intraday. Not only that, the government has also proposed an excise duty raise by 25 percent for 65mm cigarettes and on tobacco increased to Rs 70/kg from Rs 60/kg.

• About 1241 shares advanced, 1494 shares declined.

28/02/2015 DAILY MARKET ANALYSIS ON EQUITY

ECONOMY ANALYSIS

 Bulls super charged for Budget: Banks lift Sensex 473 pts

 Rolta & BEL up 12-19% on BMS project from defence ministry

 ONGC most profitable CPSE, BSNL biggest loss-making

 Sebi, exchanges tighten vigil for Budget day trading

 Union Budget 2015: ITC slips 3%, fear of excise duty hike spook investors

MARKET ANALYSIS

• It was a super run up to the Budget as bulls seem excited ahead of FM arun Jaitley's speech tomorrow. The Sensex was up 473.47 points or 1.6 percent at 29220.12,and the Nifty ended 160.75 points or 1.8 percent at 8844.60. About 1817 shares have advanced, 1065 shares declined, and 204 shares are unchanged. PSU banks lead the upmove while HDFC Bank twins, ICICI Bank and Axis Bank were top gainers in the Sensex. Among the losers were ITC, GAIL, Wipro and HUL.

• The Sensex settled the day at 29,220.12, up 473.47 points. The broader 50- share Nifty closed at 8,844.60, up 160.75 points.

• Realty and PSU banks led the market upmove today with the BSE Realty Index rising over 4 percent. All sectoral indices except FMCG are trading in green. ICICI Bank and L&T are top contributors to Nifty's gain.