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 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