Nifty opens April series on weak note, Sensex falls; HDFC sheds

The market has started off April series and financial year 2016-17 on a negative note, tracking weak Asian cues. The Sensex fell 79.75 points to 25262.11 and the Nifty declined 30.05 points to 7708.35 on profit booking.

Bharti Airtel, GAIL, Hindalco, Tata Steel, M&M, Aurobindo Pharma and BPCL were losers in early trade while BHEL, Wipro, Coal India, ITC, Cipla, Asian Paints, HCL Tech and Wipro gained.

Among the plans would be a likely stake sale by Godrej Investments and Godrej & Boyce Manufacturing Company and founder and Chief Executive Officer Manu Parpia in the company. Parpia holds 6.7 percent stake in  Geometric.

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Nifty reclaims 7750, Sensex flat; Infosys gains, HDFC falls

The market gained some strength after opening flat. The Sensex rose 74.30 points to 25412.88 and the Nifty reclaimed 7750 level, up 18 points to 7753.20.

Hero Motocorp, Bajaj Auto, Lupin, Sun Pharma, Infosys, Vedanta, Tata Power and UltraTech Cement were early gainers while ONGC, Adani Ports, Coal India, HDFC, SBI, Idea Cellular and PNB were losers.

The Indian rupee has opened marginally higher at 66.35 per dollar today against previous close of 66.37.

Asian markets were trading mixed while Wall Street and European markets closed higher yesterday.

Major Headlines of the day:

Reliance Capital completes 23% stake sale in life insurance venture

Adani Group enters defence sector with statement of intent

Kansai Nerolac sells Chennai land to SPV floated by Brigade & GIC Singapore

Trend in FII flows:The FIIs were net  sellers of Rs -1442.47 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 396.90 Cr, as per the provisional figures released by the NSE.

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Sensex rebounds 200 pts, Nifty above 7650 on global cues

The market rebounded on Wednesday after a sell-off in previous two consecutive sessions, tracking positive global cues

The 30-share BSE Sensex rose 208.93 points to 25109.39 and the 50-share NSE Nifty climbed 63.25 points to 7660.25. The market breadth was also strong as about 844 shares advanced against 138 declining shares on BSE.

Lupin, Tata Motors, ICICI Bank, Sun Pharma, Hindalco Industries, Vedanta and UltraTech Cement topped buying list in early trade.

The Indian rupee has opened marginally higher at 66.48 per dollar today against previous close of 66.54.

Major Headlines of the day:

Sun Pharma to acquire 14 brands from Novartis

Tata Steel: Board open to selling off UK biz

BEL, Thales to develop PHAROS fire control radar

Trend in FII flows: The FIIs were net  sellers of  Rs -513.45 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs 556.69 Cr, as per the provisional figures released by the NSE.

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Sensex above 25000, Nifty eyes 7650; banks, metals, FMCG lead

Equity benchmarks gained marginal strength amid choppy trade, supported by banks, FMCG, metals and auto stocks. The 30-share BSE Sensex rose 61.47 points to 25027.87 and the 50-share NSE Nifty advanced 23.55 points to 7638.65.

The broader markets also traded higher with the BSE Midcap and Smallcap indices rising 0.2 percent and 0.3 percent, respectively. About 899 shares advanced against 632 declining shares on BSE.

Reliance Industries, ITC, Axis Bank, Tata Motors, Maruti Suzuki, SBI, Hindalco Industries and Tata Steel gained 1-3 percent while Lupin and Sun Pharma plunged more than 2 percent.

Major Headlines of the day:

Ashok Leyland sells 0.55% stake in Indusind Bank for Rs300 cr

Cadila Healthcare acquires 'Actibile’ from Albert David for Rs55 Cr

LIC ups stake in IDBI Bank to 14.3%

Trend in FII flows:The FIIs were net  sellers of  Rs -2042.94 Cr in the cash segment on Monday while the DIIs were net buyers of  Rs 2494.44 Cr, as per the provisional figures released by the NSE.

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Sensex, Nifty open lower; SBI, Reliance major laggards

The market has opened weak on Wednesday. The Sensex is down 68.30 points or 0.3 percent at 25262.19 and the Nifty is down 11.30 points or 0.1 percent at 7703.60. About 375 shares have advanced, 264 shares declined, and 25 shares are unchanged.

Hindalco, Tata Steel, Hero MotoCorp, Bharti and Coal India are top gainers while SBI, ICICI Bank, Reliance, Axis Bank Bank and HDFC are losers in the Sensex.

The Indian rupee has opened lower by 5 paise at 66.75 per dollar against previous close of 66.71 a dollar.

Asian shares consolidated their gains, shaking off earlier losses following attacks on the airport and a rush-hour metro train in Brussels as investors look to a brightening global economic picture.

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INDIAN EQUITY MARKET OUTLOOK- 22 Mar 2016

The market continued to see profit booking in morning trade after one percent rally in previous session while the broader markets outperformed benchmarks.

The 30-share BSE Sensex fell 75.81 points to 25209.56 and the 50-share NSE Nifty declined 26.80 points to 7677.45. The BSE Midcap and Smallcap indices gained half a percent each.

The market breadth remained strong as about 1043 shares advanced against 667 declining shares on Bombay Stock Exchange.

Adani Ports and Dr Reddy's Labs fell over 2 percent followed by Infosys, ITC, HUL, Bharti Airtel and Hero Motocorp with more than a percent loss. Reliance Industries, L&T, Lupin and BHEL gained 1-2 percent.

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Sensex above 25000, up 150 pts; Nifty reclaims 7650, ITC leads

The market extended gain in morning trade with the Sensex rising 153.10 points to 25105.84, aided by banking & financials and FMCG stocks. The Nifty reclaimed 7650, rising 46.15 points to 7650.50.

ITC was the biggest contributor to Sensex's gains, up 3 percent. Credit Suisse maintains its outperform rating on the stock, stating that it can rejoice as most states have not hiked value added tax on cigarettes in Budget.

Among others, HDFC, HDFC Bank, ICICI Bank, SBI, Axis Bank, Sun Pharma, HUL and Bharti Airtel gained more than 1 percent while Lupin, Dr Reddy's Labs and BHEL declined over a percent.

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Sensex, Nifty remain firm; Hindalco, TCS, BHEL jump 1-3%

The market is firm on its feet as the Sensex is up 94.58 points or 0.4 percent at 24771.95. The Nifty is up 30.95 points or 0.4 percent at 7543.50. About 977 shares have advanced, 715 shares declined, and 105 shares are unchanged.

Hindalco, TCS, Wipro, BHEL and M&M are top gainers while Lupin, Sun Pharma, HUL, Dr Reddy's and Cipla are losers in the Sensex.

The Indian rupee opened with a gain of 13 paise at 66.62 per dollar today against previous close of 66.75.

"The rupee is expected to appreciate with a strong resistance at 66.50/dollar."

"We expect the USD-INR to trade in a range of 66.50-67.20/dollar today,"

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INDIAN EQUITY MARKET OUTLOOK- 17 Mar 2016

INDIAN BENCHMARKS

Indian equity benchmarks are tipped to witness a gap up opening on Thursday tracking a bullish trend in markets across Asia and a positive finish at Wall Street overnight after the US Federal Reserve scaled back its trajectory for raising interest rates this year, citing rising global economic and financial risks to growth in the world’s biggest economy, bolstering risk taking appetite. SGX Nifty is trading 79.50 points higher. Indian stock markets clawed back losses to close higher on Wednesday, led by gains in beaten-down healthcare stocks such as Lupin LUPN.NS and as a rise in crude oil prices propped up global markets.. The S&P BSE Sensex and CNX Nifty ended 0.53%-0.51% higher each.On Wednesday (March 16, 2016), 30-share Sensex ended at 24682.48, up by 131.31 points, or by 0.53%, and the NSE Nifty ended at 7498.75, up by 38.15 points, or by 0.51%.

                                                                   

Global Markets:

Asian shares gained across the board on Thursday and the dollar was on the defensive after suffering substantial losses as risk appetite revived after the U.S. Federal Reserve reduced the number of interest rate hikes expected this year.

European stocks ended little changed on Wednesday, coming off session highs after a report showed U.S. inflation rose more than expected last month, with gains for energy and auto company shares offset by a weaker banking sector.

U.S. stocks rallied after the Federal Reserve left interest rates unchanged and signaled more gradual increases..

Major Headlines of the day:

IOC, OIL, BPRL to buy 29.9% stake in Russian oil field for $1.3 bn

TVS Motors' products will be sold through Snapdeal also now

Reliance Jio to raise Rs 5,000 cr via debentures.

Trend in FII flows:The FIIs were net  sellers of  Rs -625.58 Cr in the cash segment on Wednesday while the DIIs were net buyers of  Rs 680.16 Cr, as per the provisional figures released by the NSE.

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Sensex falls 100 pts, Nifty breaks 7450; banks, pharma drag

Equity benchmarks as well as broader markets continued to consolidate with a negative bias. Banking & financials, healthcare and select auto stocks fell while index heavyweights ITC, Infosys and Reliance Industries supported.

The Sensex declined 106.62 points to 24444.55 and the Nifty slipped 25.80 points to 7434.80. The BSE Midcap and Smallcap indices fell 0.7 percent and 0.3 percent, respectively. Shares of HDFC, Sun Pharma, Tata Motors, Lupin, M&M, Dr Reddy's Labs and Bharti Airtel declined 1-2 percent while ITC gained more than 1 percent. 

Trend in FII flows:The FIIs were net  sellers of  Rs -54.01 Cr in the cash segment on Tuesday while the DIIs were net buyers of  Rs -304.31 Cr, as per the provisional figures released by the NSE.

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CS ROCKING PERFORMANCE OF THE DAY-15 MARCH 2016

STOCK FUTURES:
FUTURES INTRADAY:
YES BANK FUTURE  BUY CALL 2 TG 
CEAT LTD FUTURE  BUY CALL 1 TG
AMARAJABAT FUTURE  BUY CALL 1 TG 

NIFTY FUTURES:
BANK NIFTY FUTURE BUY CALL 1 TG ( BOOKED AT 15449.90)

OPTION:
YES BANK 780 CALL BUY CALL 2 TG 

OPTION PREMIUM:
TCS 2350 CALL BUY CALL HOLD FOR TOMORROW 

STOCK CASH

STOCK CASH INTRADAY:
SASKEN BUY  CALL 3 TG (BOOKED AT 430.90)
VADILALIND BUY  CALL 3 TG (BOOKED AT 618.50)
DIVISLAB SELL  CALL 3 TG (BOOKED AT 941.10)
CEAT LTD BUY CALL EXIT AT 1088-1091
CAIRN INDIA SELL  CALL  BOOKED AT 149.35-149.80

STOCK CASH  PREMIUM:
VADILALIND BUY  CALL 3 TG (BOOKED AT 618.50)
WHIRLPOOL BUY CALL 2 TG   (BOOKED AT 695.90)

STOCK SUPER PREMIUM 
YES BANK BUY CALL HOLD FOR TOMORROW 

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SENSEX SLIPS OVER 100 POINTS, NIFTY TESTS 7500 POST BOJ MEET, LUPIN, HDFC TOP LOSERS

The S&P BSE Sensex slipped over 100 points on Monday after the Bank of Japan decided to continue applying a negative interest rate of minus 0.1 per cent and keeps monetary base target unchanged at 80 trillion. 

The Nifty50 traded near its crucial psychological support level of 7500 weighed down by losses in power, oil & gas, metal, and telecom stocks.

HEADLINES OF THE DAY

Lupin drops on reports of USFDA inspection at Goa facility

Wipro aspire to deliver 12-14% revenue growth in FY17

Aurobindo gets USFDA nod for Ibandronate Sodium tablets

The crucial resistance for Nifty SPOT is now seen at 7550 and above this 7634. Support for the immediate term is now placed at 7405 and next support will be 7380.

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TOP CORPORATE NEWS-15 MARCH 2016

Lupin drops on reports of USFDA inspection at Goa facility

Lupin slips over 7% to Rs1736.5, on reports that USFDA cited nine observations in its inspection of the company's Goa facility last week

Lupin fell over 7%, touching to Rs1736.5, on reports that the USFDA n cited nine observations in its inspection of the company's Goa facility last week.

Wipro aspire to deliver 12-14% revenue growth in FY17

Wipro Ltd’s chief executive officer (CEO) Abidali Neemuchwala has set an ambitious revenue growth target of 12-14% for fiscal 2017, Wipro, which will grow at around 4% for FY16, will have 5% incremental growth in the next fiscal, attributing to the $371 million in revenue it got from the four buyouts it made over the last 12 months.

Aurobindo gets USFDA nod for Ibandronate Sodium tablets

Pharma major Aurobindo Pharma said that it has received USFDA approval for Ibandronate Sodium Tablets.

The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Boniva® Tablets of Hoffman-La Roche Inc, the company said in a filing to the Bombay Stock Exchange.

Ibandronate Sodium Tablets is used in the treatment and prevention of osteoporosis in postmenopausal women.

Zee Ent board approves acquisition of stake

Zee Entertainment Enterprises has announced that the Board of Directors of the Company at its meeting held on March 14, 2016, has approved in-principle an acquisition of 100% equity stake in Fly By Wire International Private Ltd.

Crompton Greaves goes ex-Consumer biz today

Crompton Greaves has gone ex-Consumer biz today (15th March 2016). We have valued Consumer business at Rs105 and power and industrial business at Rs65 per share.

The Board of Directors of the company has fixed March 16, 2016 as the ‘Record Date’ for the purpose of reckoning names of the equity shareholders of the company entitled to receive shares of Crompton Greaves Consumer Electrical business.

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Nifty eyes 7550, Sensex up over 150 pts; ITC, Maruti gainers

The Sensex is up 156.11 points or 0.6 percent at 24779.45, and the Nifty up 47.35 points or 0.6 percent at 7533.50. About 1160 shares have advanced, 502 shares declined, and 88 shares are unchanged.

Adani Ports, Axis Bank, Reliance, ITC and Maruti are top gainers while Sun Pharma, Tata Steel and Bharti Airtel are losers in the Sensex.

The Indian rupee has opened at 67.16 a dollar, lower by 9 paise compared to 67.07 a dollar in previous session.

Asian markets were trading mixed with Nikkei down 0.89 percent from yesterday’s close while KOSPI and Hang Seng trading in green. The European Central Bank on Thursday cut its main refinancing rate to zero from 0.05 percent and increased monthly asset buys to 80 billion euros from 60 billion euros.

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Sensex, Nifty open flat; GAIL & ONGC gain, Infosys falls

The market has opened on a flat note with the Sensex rising 22.64 points to 24816.60 and the Nifty advancing 15.25 points to 7547.05.

Infosys fell 2 percent after 78 lakh equity shares changed hands in multiple block deals on BSE and NSE at around Rs 1,150 apiece.

Hindalco, Tata Motors, ONGC, Hero Motocorp, Tata Steel, Cairn India, Vedanta, Tech Mahindra and Tata Motors gained 0.7-3 percent while BHEL, TCS, HUL and Bharti Airtel declined 1 percent.

The Indian rupee opened marginally lower at 67.24 per dollar today against previous close of 67.21.

"We expect the USD-INR to trade in a range of 66.95-67.25/dollar today,"

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Sensex, Nifty continue to fall; HUL, Maruti, ONGC top gainers

After a smart rally, bulls seem to be tired and on a resting mode today. The Sensex is down 162.08 points or 0.7 percent at 24497.15 and the Nifty slips 42.05 points or 0.6 percent at 7443.25. About 650 shares have advanced, 983 shares declined, and 82 shares are unchanged.

GAIL, HUL, Maruti, ONGC and Lupin are top gainers while Hindalco, Tata Steel, ICICI Bank, Tata Motors and SBI are losers in the Sensex.

The Indian rupee opened lower by 10 paise at 67.45 per dollar today versus 67.35 Tuesday.

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The market gained further on support from index heavyweights Reliance Industries, HDFC and ITC.

The broader markets also traded in line with benchmarks; the BSE Midcap gained 0.5 percent and Smallcap climbed nearly 1 percent.

The 30-share BSE Sensex rose 130.26 points to 24776.74 and the 50-share NSE Nifty surged 37.15 points to 7522.50. More than two shares advanced for every share declining on the Bombay Stock Exchange.

ITC, Tata Motors, Lupin, ONGC, GAIL and BHEL topped buying list on Sensex, up more than 2 percent followed by HDFC, L&T, Sun Pharma, Axis Bank and M&M with more than 1 percent upside. Infosys, TCS, ICICI Bank, HUL and SBI declined around a percent.

Apollo Tyres will invest up to USD 600 million (about Rs 4,000 crore) next fiscal to enhance capacity at its plants in India and abroad. The company, which announced its foray into the two-wheeler market, will start rolling out tyres from its upcoming plant in Hungary by January 2017.

"We plan to spend around USD 500-600 million as part of our capital expenditure in the next fiscal on our two plants in Chennai and Hungary," Apollo Tyres Vice-Chairman and Managing Director Neeraj Kanwar told PTI. He further said the company is doubling the capacity of its Chennai plant to 12,000 truck and bus radials (TBR) a day from 6,000 earlier.

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The market started consolidation after a rally in past three consecutive sessions.

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap rising 0.7 percent and 0.3 percent, respectively.

The Sensex fell 7.74 points to 24599.25 and the Nifty declined 10.05 points to 7465.55.

HDFC Bank, HDFC, Sun Pharma, Adani Ports and Bharti Airtel declined more than 1 percent on profit booking while Tata Motors and ONGC continued their lead today as well, rising 3 percent each. ICICI Bank, Dr Reddy's Labs, Cipla and Coal India gained 1-2 percent.

HMT shot up 16.5 percent followed by Kaveri Seed, Eros International, Chennai Petroleum and Shipping Corporation with 5-13 percent upside while KPIT Technologies, Cox & Kings, IIFL Holdings, Hathway Cable and MphasiS were down 2-4 percent among midcaps.

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INDIAN EQUITY MARKET OUTLOOK- 3 Mar 2016

The market continued to see buying interest with the Sensex rising 190.55 points or 0.79 percent to 24433.53. The Nifty held 7400 level, up 52.10 points or 0.71 percent to 7420.95.

Tata Steel topped buying list on Sensex, up 4 percent. Tata Motors rallied 3.7 percent after Jaguar Land Rover sales increased 25.3 percent year-on-year to 7,929 units in February, majorly supported by Land Rover that grew by 30.5 percent to 6,417 units.

Dr Reddy's Labs jumped 2.5 percent on approval from the US Food & Drug Administration for Palonosetron hydrochloride injection, anti-nausea drug.

Infosys climbed over a percent as Morgan Stanley maintained overweight rating on the stock.

ICICI Bank lost 2.7 percent and SBI declined 0.9 percent on profit booking. Maruti Suzuki slipped 0.6 percent despite company decided to hike car prices in range of Rs 1,441-34,494.

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Sensex, Nifty up over 1.5%; Mid & Smallcap outperform, ITC down

Equity benchmarks continued to rally with the Sensex rising 408.51 points or 1.72 percent to 24187.86 and the Nifty climbing 120.30 points or 1.67 percent to 7342.60.

ICICI Bank and SBI were leading contributors to Sensex's gains, up 6-9 percent. Hindalco also gained 6 percent and BHEL was up 6.5 percent on order worth Rs 5,600 crore in Tamil Nadu.

HDFC, HDFC Bank, Axis Bank, Reliance Industries, L&T, Hero and Adani Ports were up 1-5 percent.

Mahindra & Mahindra slipped over 2 percent on profit taking. Wipro and TCS lost half a percent as rupee recovered sharply in three trading sessions.

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