Tech shares and muted GDP growth push S&P 500 to record

Shares of Google parent Alphabet jumped 3.33 percent a day after the Internet company posted strong quarterly revenue growth, while online retailer Amazon.com touched a record high after giving an upbeat forecast for the current quarter. 

Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares. 

The benchmark index rose as much as 0.3 percent, touching an all-time high of 2,177.09, and completed its fifth straight month of gains. 

Alphabet contributed the most to gains on the Nasdaq and the S&P 500.

However, the Dow was dragged down by a 1.48 percent drop in McDonald's and a 1.39 percent fall in Exxon, which reported a lower-than-expected quarterly profit. The stock was the top percentage loser on that index. 

Aggregate second-quarter earnings of S&P 500 companies are now expected to fall 3.7 percent, worse than a 2.8 percent decline predicted on Thursday, according to Thomson Reuters I/B/E/S. 

US gross domestic product in the second quarter grew at a 1.2 percent rate, coming in below expectations for a rise of 2.6 percent and fueling arguments the Federal Reserve may not need to raise US interest rates anytime soon. 

"Investors are still willing to play chicken with the Fed, thus the S&P 500 has hit a new intraday all-time high," said Sam Stovall, US equity strategist at S&P Global Market Intelligence in New York.

The S&P 500 posted 41 new 52-week highs and one new low; the Nasdaq Composite recorded 104 new highs and 35 new lows.

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August series to open lower on weak global cues

Indian Indices:

Indian markets are likely to witness a gap down opening on Friday tracking a sell-off across markets in Asia as traders stayed jittery ahead of the Bank of Japan policy review, souring risk taking appetite. SGX Nifty is trading at 2.00 points down.

Shares of ICICI Bank, Larsen & Toubro and Nestle India will be in focus today amidst their April-June quarter earnings announcements.

On Thursday (July 28, 2016), the BSE SENSEX closed at 28208.62, up by 184.29 points or by 0.66%, and then NSE Nifty ended at 8666.30, up by 50.50 points or by 0.59%.

Global Market:

Asian shares touched a one-year peak on Friday, while the yen hit a two-week high in nervous trade as investors waited to see if the Bank of Japan will come up with stimulus that would meet markets' expectations.

Wall Street edged higher on Thursday as investors looked beyond disappointing earnings from Ford and bought shares in Apple, while Alphabet surged after the bell following its quarterly report.

European shares fell on Thursday with Lloyds leading a weaker financial sector lower and disappointing earning updates from firms including oil major Royal Dutch Shell also weighing.

Major Headlines of the day:

Eicher Q1 net shoots up 69%

Hexaware Tech PAT up 1.1% to Rs99.9 cr in June quarter

Visa Steel resumes SMS, rolling mill at Kalinganagar

UPCOMING RESULTS:

L&T,PIDILITEIND,PVR,UPL,VEDL,APLLTD,ASTRAMICRO,GODREJCP,ICICIBANK,KTKBANK,LALAPATHLAB,SPARC,UJJIVAN.

Trend in FII flows:The FIIs were net buyers of Rs 1767.06 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs -1074.47 Cr, as per the provisional figures.

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Nifty consolidates ahead of F&O expiry; Asian Paints surges 7%

Equity benchmarks continued to trade higher amid consolidation with the Nifty holding 8600 level ahead of expiry of July derivative contracts.

The 30-share BSE Sensex was up 77.26 points at 28101.59 and the 50-share NSE Nifty rose 15 points to 8630.80. The broader markets outperformed benchmarks.

Asian Paints shares rallied 7 percent after its first quarter (April-June) earnings surpassed analysts' expectations with consolidated profit growing 18.7 percent year-on-year to Rs 553 crore, boosted by operational performance.

Equity benchmarks started off Thursday's trade with marginal gains as the Sensex gained 80.69 points at 28105.02 and the Nifty rose 21 points to 8636.80.

ICICI Bank, Maruti Suzuki and Adani Ports gained 1 percent each while Infosys, NTPC were losers. The Indian rupee opened higher by 8 paise at 67.06 per dollar versus 67.14 Wednesday.

"The USD lost ground marginally against most currencies. Passage of GST in this session will be a positive for the rupee," he said. He expects the USD-INR pair to trade in a range of 66.85-67.15/dollar today.

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Markets likely to open up ahead of F&O expiry

Indian Indices:

Indian equity benchmarks are likely to open on a positive note on Wednesday tracking solid gains across markets in Asia as traders worldwide await the outcome of the US Federal Reserve’s two-day policy meet concluding today. SGX Nifty is trading at 12.50 points high.

Volatility may remain high at domestic indices as traders roll over their positions ahead of the July futures & options (F&O) contracts’ expiry on Thursday. Shares of Bajaj Auto, Dabur India, HDFC, JSW Steel and Yes Bank will be in focus amid the announcement of their April-June quarter earnings today.

On Tuesday (July 26, 2016), the BSE SENSEX closed at 27976.52, fell by 118.82 points or by 0.42%, and the NSE Nifty ended at 8590.65, slipped by 45.00 points or by 0.52%.

Global Market:

Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with caution ahead of the Federal Reserve's policy decision capping gains.

Gains in major healthcare and consumer goods stocks propped up European equities on Tuesday, partly offsetting persistent concerns over the region's banking system.

US stocks closed narrowly mixed Tuesday, amid major earnings reports and ahead of the week's central bank meetings.

Major Headlines of the day:

ICICI Bank to discontinue some service pacts with 3i Infotech

Educomp to sell entire stake in Vidya Mandir Classes

Emami Agrotech to invest Rs300 crore to scale up Haldia oil plant

UPCOMING RESULTS: ASIAN PAINTS, BAJAJ AUTO, BHARTI AIRTEL, CASTROLIND, DABUR, GICHSNG, JSWSTEEL, SRTRASNSFIN, TORRENTPHARMA, YESBANK

Trend in FII flows: The FIIs were net buyers of Rs 670.89 Cr in the cash segment on Tuesday while the DIIs were net sellers of Rs -418.29 Cr, as per the provisional figures.

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Flat opening seen for Indian markets

Indian Indices:

Indian equity benchmarks are likely to witness a flattish opening on Tuesday tracking a mixed trend across Asia and a bearish finish at Wall Street overnight as traders resort to a cautious approach ahead of the start of the two-day US Federal Reserve policy meet. SGX Nifty is trading at 10.50 points higher.

Shares of Maruti Suzuki, IDFC Bank, Dr Reddy’s Lab, ACC, Ambuja Cements, TVS Motor and Zee Entertainment will be in focus today as the companies unveil their April-June 2016 quarter earnings numbers.

On Monday (July 25, 2016), the BSE SENSEX closed at 28095.34, up by 292.10 points or by 1.05%, and the NSE Nifty ended at 8635.65, gained by 94.45 points or by 1.11%.

Global Market:

Caution gripped Asian markets on Tuesday, sending the safe-haven yen higher ahead of central bank meetings in the United States and Japan, while a fresh skid in oil dampened energy stocks on Wall Street.

US stocks retreated from record levels to close lower Monday, as investors turned cautious ahead of a busy week of earnings and central bank meetings.

European shares inched higher on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals.

Major Headlines of the day:

Maruti planning to transport vehicles via inland waterways.

Hinduja commissions 1,040-mw thermal power project in Vizag.

Essar to invest Rs750 cr more in Hazira terminal.

UPCOMING RESULTS: UNITESSPIRIT, ZEEL, V GUARD, ACC, AJANTAPHARMA, AMBUJACEM, BAJAJFINSV, BAJFINANCE, COROMANDEL, DR REDDY, IDFC, INFRATEL, MARUTI, TVSMOTOR, TATAELXSI

Trend in FII flows: The FIIs were net buyers of Rs 891.01 Cr in the cash segment on Monday while the DIIs were net sellers of Rs -67.89 Cr, as per the provisional figures.

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Nifty below 8500, Sensex flat; ITC up 1%, SBI & Tata Steel fall

The Sensex is down 20.99 points at 27689.53, and the Nifty down 11.30 points at 8498.80. About 825 shares have advanced, 640 shares declined, and 76 shares are unchanged.

GAIL, Asain Piants, Tata Motors, ITC and M&M are top gainers in the Sensex.

The market has opened flat on Friday. The Sensex is up 28.29 points or 0.1 percent at 27738.81 and the Nifty is up 9.55 points or 0.1 percent at 8519.65.

The Indian rupee opened flat at 67.18 per dollar on Friday versus previous close of 67.17.Yen held steady after appreciating over 1 percent overnight, dollar index pared some of its gains, slipped below 97 mark.

Asia markets opened lower, following losses in the US as oil prices weighed and the market consolidated ahead of next week's Fed meeting. The Nikkei 225 in Japan was down 0.93 percent, with stocks likely under pressure from a relatively stronger yen.

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Flat start likely as Bulls take some rest

Indian shares are likely to open on a flat note as the global cues look subdued with SGX Nifty trading 9 points lower.

Indian Indices:

Indian equity benchmarks are likely to open little changed, with a negative bias, on Thursday, as traders resort to profit taking after a recent impressive run of gains.

A spate of quarterly earnings from the likes of ABB, Biocon, Cairn India, HDFC Bank, Hindalco and Kotak Mahindra Bank are due for release today, keeping Dalal Street investors in watchful mode. Continued optimism over the passage of the GST bill in the ongoing monsoon session of the Parliament and strong progress in the south-west monsoon rains may support sentiment at Dalal Street.

Marking a second straight rally, the 30-share Sensex on Wednesday advanced by 128.27 points or by 0.46 per cent led by robust foreign fund inflows.

Global Market:

Asian stocks advanced on hopes of fresh stimulus in Japan and easing worries over global growth amid better-than-expected corporate earnings in the US.

China’s Shanghai Composite logged mild gains, Hang Seng rose while Japan’s Nikkei 225 surged over 1 per cent as a weaker yen bolstered the lure for exporter stocks and media reports said that Japan’s government is considering a stimulus package of 20 trillion yen, almost double its previous plan, to help the economy withstand any potential affect of Brexit.

Wall Street rallied on Wednesday as strong earnings from corporate behemoths such as Microsoft and Morgan Stanley bolstered optimism over the health of the world’s biggest economy.

Major Headlines of the day:

Ultratech get shareholder nod to Issue NCDs up to Rs9,000 Crore

Hindustan Zinc reported a 47% decline in net profit to Rs1037 crore in Q1FY2017

M&M launches new mild hybrid Scorpio priced up to Rs14 lakh

Trend in FII flows: The FIIs were net buyers of Rs 215.21 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs -45.45 Cr, as per the provisional figures.

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Nifty hovers around 8500, Midcap consolidates; Tata Motors gains

Equity benchmarks as well as broader markets continued to consolidate for the second consecutive session today, especially after a 2.6 percent rally in previous week.

The 30-share BSE Sensex declined 37.63 points to 27709.03 and the 50-share NSE Nifty fell 9.65 points to 8499.05.

Tata Motors was the leading gainer, up 1.4 percent followed by TCS, Sun Pharma, Lupin and ONGC while ITC, HDFC, HDFC Bank, SBI, Hero Motocorp and BHEL slipped over half a percent. HUL remained down 2 percent post Q1 earnings.

The market has opened marginally in green. The Sensex is up 39.87 points or 0.1 percent at 27786.53, and the Nifty is down 1.05 points at 8507.65. About 212 shares have advanced, 79 shares declined, and 24 shares are unchanged.

Tata Motors, ICICI Bank, TCS, HDFC and Tata Steel are gainers in the Sensex. HUL loses over 2 percent while Bharti, Wipro, BHEL and Adani Ports are losers. Mindtree  falls 6 percent on its Q1 results.

Among global peers, Asian markets were mixed in early trade on Tuesday, with shares of internet and telecommunication giant, SoftBank, tumbling some 10 percent as the Japanese market re-opened after being closed for a public holiday on Monday.

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Nifty inches towards 8600, Sensex strong; ONGC, Bharti laggards

The market is on a surge with keen eyes on the monsoon session of Parliament that begins today. The Sensex is up 164.21 points or 0.6 percent at 28000.71 and the Nifty is up 40 points or 0.5 percent at 8581.40. About 1503 shares have advanced, 701 shares declined, and 117 shares are unchanged.

Bajaj Auto, Tata Motors, Maruti, Axis Bank and Reliance are top gainers in the Sensex while Bajaj Auto, Tata Motors, Maruti, Axis Bank and Reliance are laggards.

The Indian rupee has opened lower by 9 paise at 67.15 per dollar against Friday's closing value of 67.06 a dollar. Turkey's Lira recouped losses as concern eased following a failed coup attempt in Turkey. The nation's currency plunged the most in eight years against the dollar on Friday. Meanwhile, the yen declines against the dollar.

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Bullish trend may continue at Dalal Street; Infosys Q1 earnings eyed

Indian Indices:

Indian equity benchmarks are poised to witness a gap up opening on Friday tracking a bullish trend across markets in Asia and a record finish at Wall Street overnight. SGX Nifty is trading at 34.50 points higher.

Indian shares rose marginally on Thursday after falling earlier in the session as investors remained watchful ahead of quarterly corporate results and an expected government announcement on who would take over as the country's next central bank chief. The S&P BSE Sensex and CNX Nifty rose 0.46%-0.53%  each On Thursday (July 14, 2016), Sensex closed at 27942.11 up by 126.93 points or by 0.46%, while the NSE Nifty was at 8565.00 points, trading higher by 45.50 points or by 0.53%.

Global Market:

Asian shares extended gains to eight-month highs on Friday, on track for a solid weekly rise, as better-than-expected economic data from China lifted risk sentiment that was already buoyant after record highs on Wall Street.

European shares slipped from a three-week high on Thursday after the Bank of England surprised investors by keeping interest rates on hold.

US stocks extended their run into the record books Thursday as the Dow industrials and the S&P 500 notched new closing highs.

Major Headlines of the day:

Titan to acquire 62% shares in Carat Lane for Rs357 cr

Tata Consultancy Q1 net up 10.7%, beats estimates

Govt to form expert group to analyse iron ore sale by NMDC

Trend in FII flows:The FIIs were net buyers of Rs 869.84 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs -874.15 Cr, as per the provisional figures.

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Flat opening on Dalal Street; WPI eyed

Indian Indices:

Indian markets are poised to open little changed on Thursday amidst a mixed trend in markets across Asia, and caution ahead of the June WPI inflation data and the start of the Q1 corporate earnings season with IT major TCS set to unveil its April-June 2016-17 quarter financial report card today. SGX Nifty is trading at 3.00 points up.

The NSE Nifty came off an 11-month high on Wednesday and was headed for its first fall in three sessions as investors booked profits ahead of quarterly results. The S&P BSE Sensex up 7.04% and CNX Nifty down 1.55% On Wednesday (July 13, 2016), the broader NSE Nifty ended down by 0.03% at 27815.18, while the benchmark BSE Sensex closed 0.03% up at 27815.15.

Global Market:

Asian shares held near eight-month high on Thursday as investors bet the Bank of England will cut rates in a pre-emptive strike to ward off a recession following the country's decision to leave the European Union.

European stocks gained ground on Wednesday to leave a benchmark regional index near its highest level in more than two weeks, with shares in Spanish banks and AccorHotels outperforming.

The S&P 500 and Dow industrials scored meager gains Wednesday, but enough to extend their run into record territory and advance for a fourth session in a row.

Major Headlines of the day:

Network18 posts net loss of Rs49 cr in Q1.

Nalco bags Pottangi mines.

Jet Airways to operate Boeing 777 on Mumbai-Singapore route

Network18 Media Investments Q1 net loss at Rs50 cr

Trend in FII flows:The FIIs were net buyers of Rs 290.53 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs -654.73 Cr, as per the provisional figures.

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Bulls may continue to rule on D-Street

Indian Indices:

Indian equity benchmarks may witness a gap up opening on Wednesday tracking a rally in Asian equities and a bullish finish at Wall Street overnight. SGX Nifty is trading at 18.50 points high.

Indian shares gained for a second consecutive session on Tuesday, with the NSE Nifty hitting its highest in nearly 11 months, on the back of encouraging US data and expectations of further monetary stimulus from global policymakers. The S&P BSE Sensex and CNX Nifty rose 0.66%-0.63% each On Tuesday (July 12, 2016), the broader NSE Nifty ended up 0.63% at 8,521.05, after earlier reaching its highest level since Aug. 17, while the benchmark BSE Sensex closed 0.66% higher at 27,808.14.

Global Market:

Asian shares came within reach of testing their 2016 peak on Wednesday as prospects of solid U.S. growth and accommodative economic policy in major markets whet investors' risk appetite damaged by uncertainty from Brexit.

European shares rose on Tuesday, with Italian bank stocks outperforming on expectations of measures to tackle their bad debts, while better earnings also helped carmakers' shares.

US Market on Tuesday closed at fresh all-time highs, supported by a rally in energy shares and stronger-than-expected earnings from Alcoa Inc.

Major Headlines of the day:

LIC may buy up to Rs30,000 crore of SUUTI assets

GE Shipping signs contract to buy 2005 Japanese vessel

BHEL signs $1.49 bn contract for Bangladesh power plant

Trend in FII flows:The FIIs were net buyers of Rs 212.92 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs 119.27 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK- 12 July 2016

Gap up opening on D-Street; IIP, Inflation in focus

Indian Indices:

Indian equity benchmarks are likely to witness a positive opening on Tuesday amid a bullish trend across global markets. SGX Nifty is trading at 27.50 points high. The focus today will be on the June inflation data and the May IIP numbers.

The next big trigger for markets is Q1 corporate earnings with IT major Infosys and TCS set to unveil their April-June 2016 financial results this week, while the forthcoming monsoon session of the Parliament beginning on July 18 is also being keenly eyed.

Indian shares rallied to their highest level in nearly 11 months on Monday, tracking a rise in global markets after strong US monthly jobs data reassured investors about the health of the world's largest economy. The S&P BSE Sensex and CNX Nifty rose 1.84%-1.74% each On Monday (July 11, 2016), The broader NSE Nifty closed up 1.74 percent at 8467.9, while the benchmark BSE Sensex ended up 1.84 percent at 27,626.69, after both hit their highest since August 20

Global Market:

Asian stocks rose to a 2-1/2-month peak on Tuesday, a day after Wall Street shares hit a record high thanks to a combination of upbeat U.S. data and expectations of more stimulus from global policymakers.

European share index rose on Monday to post its highest close since Britain voted to leave the European Union, after Theresa May won the race to succeed David Cameron as Prime Minister, reducing political uncertainty in the UK.

U.S. stocks opened higher Monday, on track to close at fresh 2016 highs, as the market continued to build on Friday’s gains after June’s official jobs report came in significantly above expectations. The S&P traded above its previous all-time closing high, set in May 2015. A rise in oil prices also helped boost risk appetite

Major Headlines of the day:

Coal India to use Rs3,650 cr from reserves to buy back shares

Emami's FY16 spend on branding at Rs531 crore

Apollo Hospitals signs MoU with Stanford University

Trend in FII flows: The FIIs were net buyers of Rs 1055.8 Cr in the cash segment on Monday while the DIIs were net sellers of Rs -610.57 Cr, as per the provisional figures.

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Indian Equity Market Outlook- 11 July 2016

Markets rise at start; Sensex soars 400 points

Indian Indices:

Indian markets witnessed a significant gap up opening on Monday amid a surge in markets across Asia as traders cheer the upbeat US June jobs data which signaled a solid recovery in the world’s biggest economy, bolstering risk taking appetite.

The focus this week for D-Street investors will be on the June inflation and May industrial output data, Q1 earnings numbers from software majors Infosys and TCS and the progress of the monsoon rains, which will offer further cues over the health of Asia’s third biggest economy.

At 9.34 am, the Sensex was trading at 27531, 402 points higher and the Nifty was trading at 8438, up by 115 points.

Global Market:

Asian stocks soared today tracking a near record finish at Wall Street on Friday as better-than-expected US June payrolls numbers signaled evidence that the US job market recovery remains firmly on track, a good omen for the country’s economy. Investors are betting on strong US economic growth to help counter concerns over Europe’s economy in the aftermath of Brexit.

Trend in FII flows: The FIIs were net buyers of Rs 330.62 Cr in the cash segment on Friday while the DIIs were net sellers of Rs -512.67 Cr, as per the provisional.

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Gap down opening on the cards - 5 July 2016

Indian Indices:

Indian equity benchmarks may witness a negative opening on Tuesday with traders likely to resort to profit taking after a six-day rally while weakness across most fellow Asian equities. SGX Nifty is trading at 26.50 points down.

The focus today will be on the June Services PMI data which will offer further cues over the health of Asia’s third biggest economy. India's NSE index rose to a 10-month high on Monday as Tata Motors rallied after posting stellar auto sales for June, with broader sentiment underpinned by a continued recovery in global markets from Britain's shock vote to leave the European Union..The S&P BSE Sensex and CNX Nifty rose 0.51%-0.49% each.

On Monday (July 04, 2016), the 30-share Sensex climbed by 133.85 points or by 0.49% to close at 27278.76, while the NSE Nifty ended at 8370.70 up by 42.35 points or by 0.51%.

Global Market:

Asian shares snapped a five-day winning streak on Tuesday as investors took stock of a rally driven by hopes that central banks will provide more stimulus to offset a likely downturn triggered by Brexit.

US Stock market were closed on account of Independence Day.

European shares ended a four-day winning streak on Monday, with battered banking stocks offsetting gains among mining shares boosted by higher metals prices.

Major Headlines of the day:

ICICI Bank sells Essar steel loan exposure to Edelweiss ARC.

Ramco Cements gets green nod to expand power plant in TN.

JSW cement, Nirmal among buyers for Lafarge assets.

Trend in FII flows:The FIIs were net buyers of Rs 182.28 Cr in the cash segment on Monday while the DIIs were net buyers of Rs 377.45 Cr, as per the provisional figures.

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Positive opening seen for Markets

Indian Indices:

Indian equity benchmarks are set to witness a gap up opening on Monday as optimism over Asia’s third biggest economy bolsters risk taking appetite. SGX Nifty is trading at 40.00 points higher.

Traders will eye the Services PMI data and the start of the Q1 earnings season this week. The stock of SBI will be in focus after the country’s biggest state-run lender sold 5 percent stake in the national stock exchange for over Rs 900 crore.

On Friday (July 01, 2016), ending at a fresh 2016 high, the 30-share Sensex climbed by 145.19 points or by 0.54% to close at 27,144.91, while the NSE Nifty ended at 8328.35 up by 40.6 points or by 0.49%.

Global Market:

Asian shares shrugged off early losses and edged higher on Monday, while the Australian dollar was under pressure after no clear winner emerged from a weekend election.

US stocks booked a fourth straight daily gain Friday, and the Dow and S&P 500 marked their best week this year as stocks clawed back some of the losses scored in the wake of the tumult that followed the U.K.’s decision last week to sever ties with the European Union.

European shares rose on Friday, lifted by expectations that the European Central Bank would take action to support markets in order to ease worries about the fallout from Britain's vote to leave the European Union.

Major Headlines of the day:

IOC's refinery at Gujarat to supply BS-IV compliant diesel from Jan

NTPC commences socio-economic survey for Kaniha expansion

Wonderla Holidays expects Chennai facility to be commissioned in FY19

Trend in FII flows: The FIIs were net sellers of Rs -187.51 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 907.05 Cr, as per the provisional figures.

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