Monday, 18 May 2015

Petrol price hiked by Rs 3.13 a litre, diesel Rs 2.71/L

Equity trading tips: Petrol price hiked by Rs 3.13 a litre, diesel Rs 2.71/L

India ready to enter into bilateral pact with Swiss after

Former employee sues Wipro in US on wage issues

India, China sign 24 key agreements

Indian economy to grow at 8.1% in 2015-16: UN report 5

JSW Steel Q4 misses estimates, net tanks 87% at Rs 62 cr

The uptrend is very sluggish. it lacks some strength. Furthermore if you look at the options data — the way put options positions are shaping up — there is no aggressive writing or put options happening. Hence, though the drift is on the upside with the slow movement, we should be good to keep a tighter stop loss in this kind of a scenario.

Therefore, 8,220 on Nifty would be the level, which I would watch out for. In case, Nifty gets past 8,340-8,325 then you might see momentum coming.

But for the time being, it is not a very convincing. We are having long bias on stock-specific calls, but in the next one-two days, it will be wise to exit longs on Nifty in case the index starts breaking below 8,200-8,220. Look at more of shorting opportunities. For the time being to me, it still appears the market which might trade in a range between 8,100 and 8,350.

Friday, 15 May 2015

Equity trading tips: Nifty ends above 8200 amid pressure

Equity trading tips: Nifty ends above 8200 amid pressure; Hindalco, SBI gain 3%

Man Industries soars 15% on export orders worth Rs 510 cr

Tepid debut: UFO Moviez lists at Rs 600 on bourses

OBC Q4 net loss at Rs 178 cr, asset quality stable

Lupin falls 6%, analysts revise target post weak Q4 results

Bond-yield rise driven by lack of liquidity: ANZ Research

Trades in the stock markets were extremely volatile on Thursday, with the Sensex opening with gains of over 250 points, before slipping in the red. At one point, the Sensex plunged 300 points, but staged a recovery in the late session, as the wholesale price index for April came in at (-2.65 per cent) - a sixth straight month of decline - strengthening hopes of an interest rate cut by the RBI.

The WPI data came on the back of weak IIP and CPI inflation data.

The volatility in benchmark indices mirrored weakness in the European peers as investors remain edgy regarding the tightness in liquidity as bond prices are falling and, consequently, yields are rising.

The cloud over local equities linger on worries over disappointing quarterly results, controversial MAT levy and delay in passage of key bills like GST and land acquisition, besides, of course, the subdued monsoon forecast.

Sensex @ 27,206.06, down 45 points;

Nifty @ 8,224.2, down 11 points.

Thursday, 14 May 2015

Sensex, Nifty end 1.3% higher; bank sparks, auto & infra up

Equity trading tips: Sensex, Nifty end 1.3% higher; bank sparks, auto & infra up

HSBC downgrades Indian equities to underweight

Lupin Q4 net slips 1% at Rs 547 cr, revenue flat

Hindalco slips 3% on arm Novelis weak Q4 nos; analysts wary

CCEA gives go ahead for 5% divestment in NTPC, 10% in IOC

Monsoon failure a risk, GDP to average 7.5%: Moody's

The market swayed in indecision on Wednesday, slipping in and out of the green during large parts of the trading session, before the benchmark Sensex made up its mind to sweep past the 27000 levels, with closing gains of over 373 points.

The markets, smarting from the recent persistent batterings, rose more than 1 per cent on Wednesday in a volatile session, led by gains in financial stocks after soft inflation and industrial output data fuelled hopes of an interest rate cut by the RBI.

The BSE Sensex had surged over 400 points in early trade, but gave up entire gains and slipped in the red after global investment bank HSBC downgraded Indian equities to "underweight" from overweight earlier on earnings growth concerns.

Markets @ close

Sensex 27,251.10, up 373.62 points

Nifty 8,235.45, up 108.50 points

Tuesday, 12 May 2015

Equity trading tips: Sensex soars 402 pts, Nifty closes at 8325

Equity trading tips: Sensex soars 402 pts, Nifty closes at 8325

Cipla rises 2%, Credit Suisse upgrades it on firm Nexium sales

Relaxo Footwears soars 14% on robust Q4, bonus & dividend

BoB Q4 net profit falls 48.3%, gross NPA improve to 3.7%

Lower Q4 margin on higher raw cotton prices: Vardhman

Global banks try to muscle into India's start-up boom

Equity benchmarks surged for the second straight session Monday, even as players are divided on whether the rally can sustain. The 30-share Sensex closed at 27507.30, up 401.91 points or 1.48 percent over its previous close. The Nifty closed at 8325.25, up 133.75 points or 1.63 percent.

In the last two sessions, the Sensex has risen around 908 points and the Nifty around 268 points. There was good demand for mid cap shares too, with S&P BSE Midcap Index gaining over 2 percent.

Brokers attributed much of the rise in the last of couple of sessions to short covering of positions, and said there was not much of fresh buying by institutional investors.

Bank of Baroda was among the prominent gainers of the day, with the stock rising 17 percent. The company’s fourth quarter earnings fell short of market expectations, but improvement in asset quality was better than what analysts had estimated.

HDFC, State Bank of India, Infosys, ICICI Bank, Tata Motors and Sun Pharma were among the major contributors to the rally.

Monday, 11 May 2015

Sensex ends up 505 pts, Nifty ends at 8191; autos surge

Equity trading tips: Sensex ends up 505 pts, Nifty ends at 8191; autos surge

HUL Q4 profit jumps 16.7% to Rs 1,018 cr, volume growth 6%

PNB Q4 disappoints, profit tanks 62%, asset quality weak

PNC Infratech IPO opens, raises Rs 146cr via anchor portion

Hero Moto slips 4% on 2nd straight disappointing quarter

Tata Motors rises 5% on rights issue, JLR UK sales in April

After a stellar rally, the Sensex ended up 506.28 points or 1.9 percent at 27105.39. The Nifty was up 134.20 points or 1.7 percent at 8191.50. About 1865 shares have advanced, 835 shares declined, and 169 shares are unchanged.

Tata Motors, Cipla, ICICI Bank, Hindalco and HUL were top gainers in the Sensex. Among the losers were Hero MotoCorp, ONGC, TCS, NTPC and Vedanta.

Hindustan Unilever (HUL) matched street estimates with the fourth quarter profit rising 16.7 percent year-on-year to Rs 1,018 crore compared to Rs 872 crore in the year-ago period.

Rupee recovered by 22 paise to 64.01 against the greenback today led by an increase in dollar selling by exporters and banks. The Indian currency slipped below the 64-mark to end at a 20-month low of 64.23, depreciating 69 paise against the dollar Thursday due to foreign investors pulling out money from India amid concerns over MAT and delay in the passage of key reform bills.

Friday, 8 May 2015

Sensex falls 118pts, Nifty ends at 8057

Equity trading tips: Sensex falls 118pts, Nifty ends at 8057

Hero Motocorp Q4 profit seen up 18.3%, OPM may fall 146 bps

Titan Q4 profit seen up 9.7% to Rs 226 cr: CNBC-TV18 poll

Cement demand may grow by 7% during FY16: ICRA

Eye over 8% margins in FY16, says KEC International MD

Oil prices fall after hitting 2015 highs

After falling over 700 points in the previous session, the S&P BSE Sensex extended its fall and closed 118 points lower on Thursday. Notably, the index has lost over 11% or 3,300 points from its life-time high of 30,024.74 in early March this year.

The 30-stock Sensex ended the day at 26,599.11, down 118.26 points. The broader 50-share Nifty closed the session at 8,057.30, down 39.70 points.

Well, experts across Dalal Street are of the view that the benchmark indices can correct anywhere between 4 and 5 per cent before finding a bottom, and this weakness should be used by traders to go short on the market.

Well, at a time when the Indian markets are falling as if there is no tomorrow, investors should not get scared, but should look at accumulating quality stocks at every decline, advise experts.

One of the most important factors troubling the markets is the muted earnings growth showed by India Inc for the quarter ended March 31. But analysts expect earnings growth to bounce back from 2016.

Thursday, 7 May 2015

Market ends at lowest level in 2015

Equity trading tips: Market ends at lowest level in 2015, Sensex plunges 723 pts

Oil prices near 2015 highs on weaker dollar, Libya supply

Torrent Pharma to acquire Zyg Pharma for an undisclosed sum

Hindustan Zinc, Cairn sign Rs 20,500-cr MoU with Rajasthan

State Bank of Travancore Q4 profit jumps 4-fold to Rs 192cr

Bharti Airtel up 5%, MSCI ups weightage in India Index


Benchmark indices plunged over 2 per cent each in trade on Wednesday to hit their lowest level in four months, on strong selling on algorithmic trading platforms, rising crude oil prices, and muted corporate earnings growth, among others.

Continued offloading by foreign investors amid retrospective tax worries also weighed on the sentiment. Dealers said the sell-off was initially sparked by a slump in NSE index futures listed on the Singapore exchange, which are now trading at a discount to domestic NSE index futures, Reuters reported.

The S&P BSE Sensex finally closed 2.6 per cent lower at 26,717.37. It hit a low of 26,677.64 and a high of 27,501.15 in trade today.

The 50-share Nifty index ended 2.74 per cent lower or 227.80 points at 8,097.00. It hit a low of 8083.00 and a high of 8331.95 in trade today.

Try not to panic, advise experts, adding that invest in a scattered manner as come 2016, earnings growth of India Inc will start improving.