EQUITY REPORT FOR 28 COTOBER

DAILY MARKET ANALYSIS

ECONOMY ANALYSIS

•  Indian markets get cold feet ahead of crucial 2-day FOMC meet
•  Sobha Q2 sales bookings drop 12% to Rs 559 cr
•  Kotak Mah Bank Q2 net profit up 26% at Rs 718 cr
•  Kansai Nerolac Paints Q2 net profit up by 40.62%
•  Unilever Q3 sales disappoint as EMs crimp growth
•  JSPL slips 8% as CBI investigates Vadra deal

MARKET ANALYSIS

• The S&P BSE Sensex ended its 5-day winning streak as traders booked profits after the benchmarks moved to higher end of trading range. Gains in capital goods, banks and power were offset by losses in oil & gas, auto and FMCG sectors.
•  The 30-share index ended at 26,752.90, down 98.15 points or 0.37 per cent. It touched a high of 26,994.96 and a low of 26,726.84 in trade today.
•  The S&P BSE Midcap Index fell 0.84 per cent and the S&P BSE Smallcap Index was 0.19 per cent higher.
•  Among the sectoral indices, the S&P BSE Capital goods Index was up 0.70 per cent, the S&P BSE Bankex was 0.48 per cent higher and the S&P BSE Power Index rose 0.47 per cent.
•  The S&P BSE Oil & gas Index was 1.45 per cent lower, the S&P BSE Auto Index slipped 0.79 per cent and the S&P BSE FMCG Index declined 1.06 per cent.
•  The market breadth was positive on the BSE with 769 gainers against 57 losers.

Nifty futures above 8000 October 27

Analysis

Nifty October 2014 futures were at 8020, a premium of 24.10 points over spot closing of 7995.90*Turnover on NSE's futures & options (F&O) segment declined to Rs 225494.56 crore from Rs 296531.74 crore on Tuesday, 21 October 2014

• Reliance Industries October 2014 futures were at 951.45, at a premium over spot closing of 947.15
• State Bank of India October 2014 futures were at 2587, at a premium over spot closing of 2576.80
• Tata Motors October 2014 futures were at 517.80, at a discount compared to spot closing of 518.65
• In the spot market, the 50-unit CNX Nifty rose 68.15 points or 0.86% to settle at 7,995.90, its highest closing since 24 September 2014 The October 2014 derivatives contracts expire on 30 October 2014.

EQUITY REPORT FOR THIS WEEK

MARKET ANALYSIS

•  Sensex gains 109 pts; banks lead, HCL Tech & TCS tank 9%

•  Axis Bank Q2 profit rises 18.3%, asset quality stable

•  Investors put over Rs 30,000 cr in MF schemes during September

•  Difficult to beat FY14 growth in FY15: TCS

•  Hired 4000 employees in Q1; expect better utilisation: HCL

EQUITY REPORT FOR 20 OCTOBER 2014

ECONOMY ANALYSIS

• Sensex snaps 2-day fall; IT Index plunges over 4%

• Zee Entertainment Q2 profit falls 3.7%, OPM beats estimates

• Axis Bank Q2 profit may jump 18%, assset quality key: Poll

• HCL Technologies Q1 net profit grows 2.1% QoQ, 32% YoY to Rs 1873 crore

• DLF approaches SAT against Sebi order

MARKET ANALYSIS
 

• The benchmark Sensex today rose for the first time in three sessions and ended over 109 points higher at 26,108.53 led by gains in shares of Hero MotoCorp, HDFC Bank, BHEL, M&M and SBI, amid rebound in global markets after positive US data.

• The 30-share Sensex reclaimed the 26,000-mark by rising 109.19 points, or 0.42 per cent, to end the session at 26,108.53 after climbing to 26,248.54 intra-day. The surge comes after the barometer lost 384.73 points in the previous two sessions.

• Out of the 30-share Sensex, 21 stocks ended with gains while nine counters closed in the negative zone.

• The 50-scrip NSE index Nifty also recovered by 25.00 or 0.32 per cent, to 7,773.20. Intra-day, it regained the 7,800-mark to touch the day's high of 7,819.20.

Sensex closes below 26000, sheds 350 pts

ECONOMY ANALYSIS

•  Sensex closes below 26000, sheds 350 pts; Hindalco down 6%

•  Equity MFs receive Rs 34,000 cr in Apr-Sept

•  TCS Q2 profit seen up 5%, dollar revenue may grow over 7%

•  World markets on edge after worst turmoil in four years

•  IL&FS Engineering soars 20% on big order in Bihar from NHAI

•  Growth woes overdone; see 1-2% daily swings in US mkt: NAB

MARKET ANALYSIS

 

 

• Weakness in the US markets pushed the 50-share Nifty index below its crucial psychological support level of 7800 and Sensex below 26000 on Thursday, led by a sell-off in European markets.

• The 50-share Nifty index plunged over 100 points in the last half-an-hour of trade, while the BSE Sensex suffered losses of over 300 points in trade today.

• The sell-off was more severe in the S&P BSE Sensex as the index slipped below its crucial psychological level of 26000. The index fell as much as 416 points in trade, led by losses in RIL, HDFC, HDFC Bank, and M&M.

• The 30-share index finally closed at 25999.34, down 349.99 points or 1.33 per cent. It touched a high of 26,462.08 and a low of 25933.98 in trade today.

• The Nifty ended at 7,748, down 115.80 points or 1.47 per cent. It touched a high of 7,893.90 and a low of 7,729.65 in trade today.

ECONOMY AND MARKET ANALYSIS FOR 16 OCTOBER 2014

ECONOMY ANALYSIS

•  Choppy Sensex, Nifty close lower; DLF tanks 28%, BHEL up 4%

•  Sept WPI hits 5-yr low of 2.38%; food prices cool to 33-month low

•  IEA revises world oil demand growth sharply lower

•  RIL up 2%, brokerages say downstream capex to drive growth

•  IL&FS Engineering soars 20% on big order in Bihar from NHAI

MARKET ANALYSIS

• The Nifty ended a rangebound session in the red in absence of cues from global peers and trading holiday tomorrow on account of assembly elections in states of Maharashtra and Haryana.

• The 50-share Nifty closed at 7,864, down 20.25 points or 0.26 per cent. It touched a high of 7,928 and a low of 7,825.45 in trade today.

• The S&P BSE Sensex ended at 26,349.33, down 34.74 points or 0.13 per cent. It touched a high of 26,550.79 and a low of 26,212.01 in trade today.

• DLF (27.98 per cent), BPCL (2.34 per cent), Cairn India (1.95 per cent), HCL Tech (1.42 per cent) and Tata Motors (1.41 per cent) were among the top Nifty losers.

• BHEL (up 3.87 per cent), Axis Bank (up 2.80 per cent), Bajaj Auto (up 2.67 per cent), IndusInd Bank (up 2.50 per cent) and SBI (up 2.02 per cent) were among the Nifty gainers.

• The market breadth was negative on the NSE with 434 gainers against 618 losers.

EQUITY REPORT FOR 14 OCTOBER

ECONOMY ANALYSIS

• Nifty ends above 7850; Tata Steel, Tata Power lead gainers

•  IndusInd Bank Q2 profit up 30% to Rs 430 cr on other income

•  Sintex Q2 beats estimates, profit up 47% to Rs 107 cr

•  BSE to remain shut on Oct 15 due to Maharashtra elections

•  AMFI mulls proposal to scrap upfront MF commissions

•  Infosys hits record high; brokerages up target post Q2 nos

 

 

MARKET ANALYSIS

• The S&P BSE Sensex pulled back over 350 points from intraday low to finally settle 78 points higher as sentiment improved in global markets.

•  The 30-share index ended at 26,384.07, up 86.69 points or 0.33 per cent. It touched a high of 26,443.16 and a low of 26,092.69 in trade today.

•  The Nifty closed at 7,884.25, up 24.30 points or 0.31 per cent. It touched a high of 7,901.15 and a low of 7,796 in trade today.

•  The S&P BSE Midcap Index was 0.46 per cent higher and the S&P BSE Smallcap Index gained 0.35 per cent.

•  Tata Power (up 2.90 per cent), Tata Steel (up 2.14 per cent), Coal India (up 1.91 per cent), Axis Bank (up 1.90 per cent) and TCS (up 1.54 per cent) were among the Sensex gainers.

•  M&M (3.66 per cent), Cipla (2.68 per cent), Sun PharmaBSE -1.86 % (1.86 per cent), Dr Reddy's Laboratories (1.76 per cent) and BHEL (1.29 per cent) were among the top losers.