02/02/2015 EQUITY REPORT

MARKET ANALYSIS 

The S&P BSE Sensex plunged as much as 611 points in trade on Friday, after hitting its record high of 29844.16. The fall in the index was led by losses in ICICI Bank, HDFC, SBI, HDFC BankBSE -1.67 % and TCSBSE -2.37 %.

The 30-share index finally closed at 29,182.95, down 498.82 points or 1.68 percent. It touched an all-time high of 29,844.16 and a low of 29,070.48 in trade today.

The Nifty ended at 8,808.90, down 143 points or 1.60 per cent. It touched an all-time high of 8,996.60 and a low of 8,775.10 in trade today.

Tata PowerBSE 2.90 % (up 2.9 percent), BHELBSE 1.62 % (up 1.6 percent), NTPCBSE 1.37 % (up 1.3 percent), WiproBSE 0.79 % (up 0.8 percent) and SesaBSE 0.67 % Sterlite (up 0.67 percent) were among the major Sensex gainers.

State Bank of India BSE -5.13 % (down 5.1 percent), ICICI Bank BSE -4.95 % (down 4.9 percent), Coal IndiaBSE -3.81 % (down 3.8 percent), DRL (down 3.6 percent) and HDFC (down 3.3 percent) were major losers.

ECONOMY ANALYSIS

• Sensex slumps 499 pts, Nifty ends at 8809; banks bleed
• ICICI Bank Q3 profit & NII rise 14%, asset quality worsens
• HCL Tech Q2 net up 2.3%, $ revenue rises 4%, bonus issue at 1:1
• Bank Of Baroda Q3 profit tanks 68%, provisions & tax hurt
• Coal India slips 4% as OFS opens; brokerages bet on it
• IDFC gets RBI nod to exempt 30% of loan book from SLR/CRR
   

EQUITY DAILY MARKET ANALYSIS OF 30/01/2015

MARKET ANALYSIS 

The Nifty bounced back in the last hour of trade and closed near 8,950 level on the back of short coverings on the last day of January series.

The government's decision not to appeal against Vodafone in tax case, stake sale in Coal India and lower crude oil prices acted as triggers for the market in today's session.

The 50-share index closed at 8,950.80, up 36.50 points or 0.41 percent. It
touched a high of 8,966.65 and a low of 8,861.25 in trade today.

Dr Reddy's Laboratories (up 3.94 percent), BPCL (up 3.87 percent), BHEL (up 3.40 percent), HDFC Bank (up 3.26 percent) and Ambuja Cement (up 2.69 percent) were among the Nifty gainers.

Punjab National Bank (3.51 percent), Asian Paints (3.17 percent), Bank of Baroda (2.93 percent), HDFC (2.63 percent) and SBI (2.36 percent) were among the index losers.

The market breadth was flat on the NSE with 733 gainers against 783
losers.

ECONOMY ANALYSIS

• Nifty ends Jan expiry at 8952, Sensex up 123 pts
• Dr Reddy's Q3 net falls 7% to Rs 575cr, OPM below estimates
• HDFC Q3 net rises 11.5% YoY at Rs 1425cr; in line

EQUITY REPORT 29/01/2015 DAILY MARKET ANALYSIS

MARKET ANALYSIS 

The S&P BSE Sensex snapped its eight-day-long winning streak on Wednesday, as it ended the volatile session in the red ahead of the January F&O series expiry.

The 30-share index ended at 29,547.63, down 23.41 points or 0.08 percent. It touched an all-time high of 29,786.32 and an intraday low of 29,417.67 in trade today.

The Nifty closed at 8,907.90, down 2.60 points or 0.03 per cent. It touched an all-time high of 8,985.05 and a low of 8,874.05 in trade today.

Reliance (up 2.17 percent), HDFC (up 2.08 percent), Wipro (up 2.03 percent), ONGC (up 1.56 percent) and TCS (up 1.17 percent) were among the Sensex gainers.

Bharti Airtel (4.69 percent), Sesa Sterlite (3 percent), Tata Motors (2.83 percent), L&T (2.75 percent) and Tata Steel (2.01 percent) were among the index losers.

The market breadth was negative on the BSE with 1124 gainers against 1740 losers.
 

ECONOMY ANALYSIS

• Sensex ends in red, Nifty at new closing high; HDFC up 2%
• Ranbaxy posts Q3 loss of Rs 1030 cr; revenue at Rs 2619 cr
• Adani Power reduces Q3 loss to Rs 428.7 cr, revenue up 31%
• Jaiprakash Power likely to default on $200 mn convertible bonds
• Gammon to buy Sadbhav's 20% in Mum-Nasik E-way for Rs 72 cr

EQUITY REPORT 28/01/2015

MARKET ANALYSIS

The Nifty extended its winning streak for eighth consecutive day and closed above 8,900 for the first time. It hit an all-time high earlier in the session on the back of dollar inflows on the hopes of economic recovery and improvement in earnings in the coming quarters.

The 50-share index ended at an all-time closing high of 8,910.50, up 74.90 points or 0.85 percent. It hit a record all-time intraday high of 8,925.05 and an intraday low of 8825.05 in trade today.

The S&P BSE Sensex ended at an all-time closing high of 29,571.04, up 292.20 points or 1 percent. It touched an all-time high of 29,618.59 and a low of 29,286.09 in trade today.

The market breadth was negative on the NSE with 706 gainers against 825
losers.

ECONOMY ANALYSIS

Nifty ends at 8910, Sensex up 292 pts; banks soar, ITC gains 3%
Union Bank Q3 net falls 8.1% on high provisions, NPA rises

Maruti Suzuki Q3 profit up 18% at Rs 802cr, misses forecast

Godrej Properties Q3 profit rises 26% on strong revenue

Weekly Equity Tips of 27/01/2015

NEWS INSIGHT

• Sensex cheers ECB stimulus, up 273 pts; Nifty closes above 8800

• UltraTech Cement Q3 profit seen up 4% to Rs 385 cr: Poll

• Govt likely to sell 5% shares in PFC next week: Source

• Direct tax collections up 13% in 9 months of FY'15

NIFTY ANALYSIS

• Positional Support for NIFTY 8700

• Positional Resistance of NIFTY is 8870

• Immediate resistance for NIFTY is 8845

• Intraday Support of NIFTY is 8795

• Nifty has closed a spinning Top on its daily chart. Any trade below 8775 with volumes will lead to downward rally till 8720 which is the next support level.

Equity Market Report of 27th January 2015

MARKET ANALYSIS 

The market rallied for the seventh consecutive session on Friday, spiking nearly 2000 points on the Sensex (in seven days). The Sensex today gained 272.82 points or 0.94 percent at 29278.84 and the Nifty jumped 60.15 points or 0.69 percent to 8821.55 on ECB stimulus.

About 1140 shares have advanced, 1803 shares declined, and 253 shares are unchanged on the BSE. Tata Power saw huge buying interest in late trade, up nearly 7 percent.

Tata Motors and Bharti Airtel rallied close to 4 percent. DLF spiked 5.5 percent, and Cairn India jumped over 4 percent on rise in crude oil prices. Cipla, L&T, HDFC Bank, HUL, M&M and Sesa Sterlite gained 2-3 percent whereas PNB, GAIL, BHEL, HCL Technologies and ONGC were down 1-2.7 percent.

ECONOMY ANALYSIS
Sensex up 273 pts, Nifty ends above 8800 for 1st time ever

ENIL up 5%, govt to e-auction 135 channels of pvt FM radio

Colgate Q3 profit rises 16% to Rs 131 cr on strong EBITDA

23rd January 2015 Analysis on Equity

MARKET ANALYSIS 

The market ended at fresh record closing high on Thursday, gaining for the sixth consecutive session ahead of European Central Bank meeting outcome later in the day.

The 30-share BSE Sensex closed above 29000 for the first time, up 117.16 points at 29006.02 while the 50-share NSE Nifty rose 31.90 points to 8761.40.

The broader markets ended on a flat note amid consolidation. Globally, markets gained strength ahead of the European Central Bank meet outcome. 

ECONOMY ANALYSIS

 Sensex ends above 29000, Nifty holds 8750 ahead of ECB meet outcome.
 Suzlon sells German arm Senvion for euro 1 bn; to cut debt.
 Dish TV Q3 net loss reduces to Rs 2.8 cr on strong EBITDA.
 Cairn India Q3 profit seen down 40% at Rs 1625 cr: Poll.

22nd January 2015 Equity Analysis

 

MARKET ANALYSIS

 

The market closed higher for the fourth consecutive session on Wednesday.
The 30-share BSE Sensex rose 104.19 points to 28888.86 while the 50-share NSE Nifty closed above the 8700 level for the first time, up 33.90 points or 0.39 percent at 8729.50.

About 1236 shares have advanced, 1710 shares declined, and 261 shares are unchanged on the BSE. HUL topped the buying list on Sensex, up 5.09 percent whereas ITC was the biggest loser, down 5 percent post disappointing volume growth in cigarettes business.

 

Bharti Airtel, Bank of Baroda, HDFC, PNB, Coal India, SBI and Infosys gained 2-4 percent whereas Cipla, Sesa Sterlite, Tata Steel, ONGC, Zee Entertainment and NMDC fell 1-3 percent
 

ECONOMY ANALYSIS

 Nifty ends above 8700 for 1st time; HDFC leads, ITC trips

 ITC Q3 profit up 10.5%, slow cigarette growth hurts revenue
 

 SpiceJet shares slump nearly 8% on fresh financial worries

Equity Market Analysis of 21st January 2015

MARKET ANALYSIS

The S&P BSE Sensex surged as much as 1.96 percent or 567 points in trade on Tuesday to hit its fresh lifetime high of 28829.29, after rival NSE index touched the milestone level of 8700 earlier in the day.

The 50-share Nifty index extended gains for the fourth straight session to surge past its crucial psychological resistance level of 8700 for the first time ever in trade on Tuesday, as the buying action intensified in metals, banks and FMCG sectors on the hopes of a pick-up in growth and earnings in the coming quarters.

On the National Stock Exchange, as much as 93 stocks rose to their fresh 52-week highs, which include names like Yes Bank, BASF India, Ambuja Cements.

ECONOMY ANALYSIS

• Nifty, Sensex hit record high as FIIs rush to shining India
• Kotak Mahindra Bank Q3 profit rises 37% to Rs 464.5 cr
• Muthoot Finance up 5%, to be biz correspondent of YES Bank
• South Indian Bank Q3 profit slips 38% on higher provisions

Tips on Equity of 20th January 2015

ECONOMY ANALYSIS

• Nifty ends at 8551, Sensex up 140 pts; HUL tanks 5% post Q3.

• HUL Q3 profit jumps 18% to Rs 1252 cr, volume growth at 3%.

MARKET ANALYSIS 

• NSE index rose for a third consecutive session on Monday to mark its highest level in nearly 1-1/2 months as Wipro BSE 5.26 % surged on strong earnings while lenders gained on continued optimism the central bank's surprise rate cut last week would revive credit growth.

• The NSE bank index rose as much as 1.1 percent to a record high of 19,434.20 after the Reserve Bank of India cut interest rates by 25 basis points on Thursday.

• Earnings by blue-chips such as ITCBSE -0.25 % on Wednesday and ECB's decision on its widely-expected quantitative easing program on Thursday are seen as the next key triggers.highest level in nearly 1-1/2 months as Wipro BSE 5.26 % surged on strong

• The broader NSE index closed 0.5 percent higher, after earlier touching its highest intraday level since Dec 5.

Weekly Equity Tips of 19th January 2015

NEWS INSIGHT

• Current market valuation costly; like banks: Sanjeev Prasad

• Bank Nifty to hit 20,000 before Nifty reclaims 8600: Nomura

• NTPC signs Rs 10,000-crore term loan agreement with SBI

• Nifty ends above 8500; Sun Pharma, HUL, Coal India up 2-3%

NIFTY ANALYSIS 

• Positional Support for NIFTY 8300

• Positional Resistance of NIFTY is 8630

• Immediate resistance for NIFTY is 8550

• Intraday Support of NIFTY is 8450

• Daily candle of Nifty has closed above its 55 day EMA and buyers have dominated the market. We can expect buying in the coming week.

Equity Analysis Tips of 16th January 2015

ECONOMY ANALYSIS

• Bulls on rampage: Nifty ends at 8494, Sensex soars 729 pts

• Bajaj Auto Q3 net profit falls 4.8% to Rs 861.2 cr

• TCS Q3 profit seen up 4%, FY16 outlook key: CNBC-TV18 poll

• UBI cuts base rate by 25 bps, says move will push credit

• DB Corp Q3 profit rises 11% to Rs 105.2 cr, meets forecast

MARKET ANALYSIS 

• The S&P BSE Sensex closed 78.91 points lower on Wednesday, led by losses in ITC, ICICI Bank, Sesa Sterlite and Hindalco

• The index managed to bounce back after falling as much as 222 points in trade, after the government reported Wholesale Price Index (WPI) inflation data for the month of December which rose marginally to 0.11% versus 0% in November.

• Earlier this week CPI inflation moved up marginally to 5 percent in December as prices of some food items, including fruits and vegetables, increased.

• Tracking the momentum, the 50-share Nifty index also managed to bounce back from its intraday low, but closed below its crucial psychological level of 8300.

• The 30-share index closed at 27346.82, down 78 points or 0.29 percent. It touched a high of 27512.80 and a low of 27203.25 in trade today.

Get Equity News of 15th January 2015

ECONOMY ANALYSIS

• Sensex ends down, Nifty below 8300; HUL soars 5%, ITC falls

• Yes Bank Q3 profit jumps 30% on higher other income, NII

• Dec WPI inflation picks up mildly to 0.11%

• Jet Airways slumps 6%, investors wary of Goyal's move

• LIC Housing Finance Q3 profit rises 5.3% to Rs 344 cr

MARKET ANALYSIS

• The S&P BSE Sensex closed 78.91 points lower on Wednesday, led by losses in ITC, ICICI Bank, Sesa Sterlite and Hindalco

• The index managed to bounce back after falling as much as 222 points in trade, after the government reported Wholesale Price Index (WPI) inflation data for the month of December which rose marginally to 0.11% versus 0% in November.

• Earlier this week CPI inflation moved up marginally to 5 percent in December as prices of some food items, including fruits and vegetables, increased.

• Tracking the momentum, the 50-share Nifty index also managed to bounce back from its intraday low, but closed below its crucial psychological level of 8300.

• The 30-share index closed at 27346.82, down 78 points or 0.29 per cent. It touched a high of 27512.80 and a low of 27203.25 in trade today.

14th January 2015 Analysis on Equity

ECONOMY ANALYSIS 

• Nifty ends off days low; oil & gas, power, cap goods down

• Sebi seeks fresh clarification on Videocon d2h Rs 700cr IPO

• Mirach Cap to pump in $2 bn into Sahara, eyes 3 overseas hotels

• IndusInd Bank meets forecast, profit up 29% at Rs 447 cr

MARKET ANALYSIS 

• The Nifty snapped its three-day rally and closed in the red as the bulls ran out of steam after over 200 points. However, the benchmark pulled-back from day's low mirroring movement in European markets.

• The 50-share index ended at 8,299.40, down 23.60 points or 0.28 per cent. It touched a high of 8,356.65 and a low of 8,275.35 in trade today.

• The S&P BSE Sensex was at 27,425.73, down 159.54 points or 0.58 percent. It touched a high of 27,670.19 and a low of 27,324.58 in trade today.

• The market breadth was negative on the NSE with 477 gainers against 618 losers.

13th January 2015 Daily Market Analysis on Equity

ECONOMY ANALYSIS

• Nifty ends above 8330; HUL & Infosys up, Coal India drags 4%

• Nov IIP may rise to 2.2%, Dec CPI seen at 5.2%

• Coal India falls 5% on likely divestment by govt in FY15

• Govt clears FDI proposals worth Rs 1,827.24 cr

• Govt clears 30 oil & gas discoveries for production

MARKET ANALYSIS

• The benchmark Sensex today extended its gains for the third straight session, rising 127 points to end at one-week high on fag-end buying in capital goods, FMCG and IT shares ahead of retail inflation and IIP data releases.

• The NSE Nifty index reclaimed the 8,300-mark by rising 38.50 points, or 0.46 percent, to end at 8,323.

• The BSE Sensex resumed higher at 27,523.86 on initial buying but fell to a low of 27,323.74 on profit-booking.

• However, the index recovered during the afternoon session session to 27,620.66 on fag-end buying before concluding at 27,585.27, logging a gain of 126.89 points or 0.46 percent from its last weekend's level. This is its strongest close since 27,842.32 on January 5. In three successive days, Sensex has gained over 676 points.

• Total market breadth continued to remain positive as 1,651 stocks ended with gainers while 1,253 finished with losses and 120 ruled steady

12/01/2015 Weekly Report On Equity Market

NEWS INSIGHT

• Sensex ends up 184 pts, Nifty firm; HUL, Infosys gain 5-6%

• Infosys beats street, Q3 PAT up 5%, maintains FY15 guidance

• India's steel consumption up 1.4% in Apr-Dec

• Govt clears FDI proposals worth Rs 1,827.24 cr

NIFTY ANALYSIS

• Positional Support for NIFTY 8150

• Positional Resistance of NIFTY is 8380

• Immediate resistance for NIFTY is 8310

• Intraday Support of NIFTY is 8210/8190

• Daily candle of Nifty has closed above its 55 day EMA and buyers have dominated the market. We can expect buying in the coming week.

12/01/2015 Daily Analysis on Equity Market

ECONOMY ANALYSIS 

• Sensex ends up 184 pts, Nifty firm; HUL, Infosys gain 5-6%.
• Educomp up 9%, to mull restructuring options soon.
• Videocon Industries up 15% on oil discovery in Brazil.
• MFs invest Rs 6 trillion in debt markets in 2014.

MARKET ANALYSIS 

• In a volatile trade, the stock market benchmark Sensex today soared higher by 183 points, led by gains in IT stocks as InfosysBSE 5.02 % beat market expectations with a robust set of quarterly results.

• After opening on a strong note, the 30-scrip BSE index touched a high of
  27,507.67 points in early trade amid firm global trends, but the markets saw heavy profit booking in late afternoon session in realty, infrastructure, power, banking capital goods and metal stocks. This pulled down the index to the day's low of 27,119.63 points.

• The BSE barometer finally closed with a rise of 183.67 points, or 0.67 percent to 27,458.38. The gauge had gained 365.89 points yesterday on the back of encouraging US data and recovery in crude oil price.

• The broad-based Nifty of the National Stock Exchange also regained the psychological 8,300-mark in early trade, but succumbed to profit-booking later and dipped to a low of 8,190.80, before finally ending the day 49.90 points, or 0.61 percent higher at 8,284.50.

9th January 2015 Equity Market Analysis

ECONOMY ANALYSIS

• Sensex rallies over 360 points in pull-back rally

• Qatar Airways keen to invest in IndiGo if 49% stake offered

MARKET ANALYSIS

• The S&P BSE Sensex surged in a technical pull-back rally after the recent sharp correction and closed over 360 points up led by gains in banks, FMCG, auto and metals.

• The 30-share index closed at 27,274.71, up 365.89 points or 1.36 percent. It touched a high of 27,316.41 and a low of 27,101.94 in trade today.

• The Nifty ended at 8,234.60, up 132.50 points or 1.64 percent. It touched a high of 8,243.50 and a low of 8,167.30 in trade today.

• The market breadth was positive on the BSE with 2029 gainers against 844 losers.

Equity Market Report of 8th January 2015

ECONOMY ANALYSIS

• Choppy Sensex falls for 3rd day; ICICI drags, HUL & RIL up

• Fertiliser Ministry removes 35% cap on neem-coated urea

MARKET ANALYSIS

• After a volatile day, the market ended with marginal losses. The Sensex was down 78.64 points at 26908.82 and the Nifty slipped 25.25 points at 8102.10. About 1360 shares have advanced, 1500 shares declined, and 439 shares were unchanged. HUL was up 3.5 percent while Reliance, NTPC, Maruti and ONGC were other gainers in the Sensex. Hindalco, ICICI Bank, GAIL, BHEL and ITC were among major losers.

• Globally, the big news of the day was that the Brent crude oil prices fell below USD 50 a barrel for the first time since May 2009 on supply glut worries. It was down 0.86 percent to USD 47.60 a barrel and US crude declined 0.69 percent to USD 47.60 a barrel.

Equity Report Of 7th January 2015

ECONOMY ANALYSIS

• Sensex crashes 855 pts; Nifty cracks 251 pts; ONGC bleeds

• Gold prices firm above $1,200 on safe-haven bids

• Eveready hikes battery prices; to grow 10-15% in FY15: ED

MARKET ANALYSIS

• Shares slumped more than 3 percent on Tuesday, posting their biggest daily loss since the rupee crisis in 2013 as a continued slide in oil prices hit emerging markets, sending blue-chips such as State Bank of India BSE -4.05 % sharply lower.

• The BSE index declined 3.07 percent and the broader NSE index 3 percent, their biggest daily per centage fall since Sept. 3, 2013, when the rupee was still reeling from its worst market turmoil since the 1991 balance of payment crisis.

• Blue-chips led losses as global shares sank on the back of a continued slide in oil prices that is raising concerns about the health of the global economy. ICICI Bank BSE -4.20 % lost 4.2 per cent, State Bank of India fell 4.1 percent while Infosys BSE -1.99 % fell 2.1 percent.

• Oil explorers declined, tracking the fall in US crude oil prices. Reliance Industries BSE -4.67 % fell 4.5 percent, while Oil and Natural Gas BSE - 5.89 % Corp slumped 5.7 percent.

6th January 2015 Equity Market Daily Report

ECONOMY ANALYSIS

• Sensex, Nifty end down; Bharti falls 3%, IT stocks drag
• Micromax plans up to $500 million IPO
• UK's Bupa to increase stake in Max Bupa to 49% from 26%
• Oil prices hits fresh 5-1/2-year lows; Brent below $56
• DoCoMo files request to sell $1 bn Tata Tele stake

MARKET ANALYSIS

• The S&P BSE Sensex ended rangebound session in the negative note and brought an end to its six-day winning streak. Gains in auto and capital goods were offset by losses in technology, banks and healthcare sectors.

• The 30-share index ended at 27,842.32, down 45.58 points or 0.16 percent. It touched a high of 28,064.49 and a low of 27,786.85 in trade today.

• The Nifty ended at 8,376.95, down 18.50 points or 0.22 percent. It touched a high of 8,445.60 and a low of 8,363.90 in trade today.

• The market breadth was positive on the BSE with 1,568 gainers against 1,398 losers.

• Maruti (up 2.68 percent), Tata MotorsBSE 2.42 % (up 2.46 percent), L&T (up 1.65 percent), Tata SteelBSE 1.42 % (up 1.57 percent) and ONGCBSE 1.15 % (up 1.09 percent) were among the major Sensex gainers.

• Bharti AirtelBSE -2.10 % (2.63 percent), Dr Reddy's Laboratories (2.34 percent), Hindalco (1.81 percent), HDFC (1.60 percent) and Coal India (1.43 percent) were the among the Sensex losers.

Weekly Analysis on Equity Market

NEWS INSIGHT

• Sensex ends nearly 400 points up; Nifty ends shy of 8,400.

• Modi raises solar investment target to $100 bn by '22.

• Tata Steel resumes operations at Noamundi mine.

• Suzuki Motorcycle sales up 43% in December.

• Banks open 10.3 cr a/cs under Jan Dhan Yojna so far.

• China builds world's largest coal unit to make power.

NIFTY ANALYSIS

• Positional Support for NIFTY 8290.

• Positional Resistance of NIFTY is 8600.

• Immediate resistance for NIFTY is 8445.

• Intraday Support of NIFTY is 8340/8315.

• Oscillator Analysis The oscillator is showing buying signal.

• Nifty has formed a very strong Marubozu and has taken closing near to high. WE can expect current upward rally to continue supported by heavy volume in coming week.

5th January 2015 Equity Analysis Report

ECONOMY ANALYSIS

 Nifty ends at 8395 and Sensex up 380 points

 BHEL up 3% on Rs 3810 cr contract for thermal power project.
 Bajaj Dec sales slip 3% to 2.86 lakh; co expects rise ahead

MARKET ANALYSIS

 The S&P BSE Sensex extended its winning streak for the sixth straight
session, and closed nearly 400 points up on hopes of reforms in banking
space.

 The 30-share index closed at 27,887.90, up 380.36 points or 1.38 percent. It
touched a high of 27,937.7 and a low of 27,519.26 in trade today.

 The Nifty ended at 8,395.45, up 111.45 points or 1.35 percent. It touched a
high of 8,410.60 and a low of 8,288.70 in trade today.

 The S&P BSE Midcap Index was up 0.86 percent and the S&P BSE
Smallcap Index gained 0.75 percent.