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