Markets likely to open flat on mix global cues

Indian Indices:

Indian markets likely to open lower in the early trade as global cues displayed mixed cues. SGX Nifty is trading 7.50 points lower.

The focus today will be on the August manufacturing PMI data which will offer further cues over the economy’s health.

Indian shares rose for a third straight session on Wednesday and hit their highest in more than a year after recent positive corporate results, including that of Whirlpool of India Ltd, raised optimism ahead of the release of economic growth data later in the day. The S&P BSE Sensex and CNX Nifty gained 0.39%-0.48% each.

On Wednesday (August 31, 2016), BSE SENSEX closed at 28452.17, up by 109.16 points or by 0.39%, and the NSE Nifty ended at 8786.20, gained by 41.85 points or by 0.48%.

Global Market:

Asian shares dipped on Thursday after lower crude oil prices dented Wall Street and a pair of Chinese manufacturing surveys did little to inspire investors as markets waited to see if U.S. employment data could put the Federal Reserve on track to hike interest rates.

The Dow Jones Industrial Average snapped a six-month winning streak on Wednesday as weak energy shares weighed on the broader market. A batch of economic reports that may potentially add more cause for the Federal Reserve to follow through with recent talk of lifting key interest rates also dampened sentiment.

European shares edged lower on Wednesday, weighed down by losses among miners and energy stocks, but banks extended recent gains amid talk of possible tie-ups in the battered sector.

Major Headlines of the day:

ZEE sells Ten Sports to Sony for $385 mn

DLF close to 40% stake sale in rental assets arm

Rcom evaluating options regarding 700 MHz spectrum

   

Trend in FII flows:The FIIs were net buyers of Rs 854.19 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 847.7 Cr, as per the provisional figures.

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Mild down opening on D-Street; Q1 GDP hogs limelight

Indian Indices:

Indian markets are likely to witness a slightly negative opening tracking mixed cues from markets across Asia and a bearish finish at Wall Street. SGX Nifty is trading 3.50 points higher.

All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.

The NSE Nifty ended higher on Tuesday after earlier hitting its highest in 16 months as positive earnings results including from DLF lifted sentiment. The S&P BSE Sensex and CNX Nifty gained 1.58%-1.59% each.

On Tuesday (August 30, 2016), BSE SENSEX closed at 28343.01, up by 440.35 points or by 1.58%, and the NSE Nifty ended at 8744.35, gained by 136.90 points or by 1.59%.

Global Market:

Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September.

US stocks slipped Tuesday, as the dollar strengthened on expectations that the Federal Reserve was moving closer to raising interest rates.

European shares fell on Monday as top Federal Reserve officials bolstered expectations for a US rate hike this year, while Alstom bucked the weaker trend after a contract win.

Major Headlines of the day:

DLF close to 40% stake sale in rental assets arm

ITC bucks trend, builds own hotels

Reliance AGM to focus on Jio's road map

   

Trend in FII flows:The FIIs were net buyers of Rs 390.63 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs 485.14 Cr, as per the provisional figures.

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Markets likely to open higher on global rally

Indian Indices:

Indian markets are likely to witness a gap up opening on Tuesday tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight. SGX Nifty is trading 26.00 points higher.

Indian shares ended higher on Monday, reversing two consecutive sessions of falls, with Tata Motors among top gainers after its unit Jaguar Land Rover reported favourable quarterly figures on Friday. The S&P BSE Sensex and CNX Nifty gained 0.43%-0.41% each.

On Monday (August 29, 2016), BSE SENSEX closed at 27902.66, up by 120.41 points or by 0.43%, and the NSE Nifty ended at 8607.45, gained by 34.90 points or by 0.41%.

Global Market:

Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike rates as soon as September undermined the dollar, while investors continued to count on more policy stimulus elsewhere in the world.

U.S. stock markets climbed on Monday while European share markets slipped in the wake of comments by top Federal Reserve officials that bolstered expectations for an interest rate hike by the U.S. central bank this year.

European shares fell on Monday as top Federal Reserve officials bolstered expectations for a U.S. rate hike this year, while Alstom bucked the weaker trend after a contract win.

Major Headlines of the day:

Hinduja Foundries Plans Merger With Ashok Leyland

RIL gets green panel nod for jetty expansion in Gujarat

DRL launches nitroglycerin sublingual tablets in US

   

Trend in FII flows:The FIIs were net buyers of Rs 286.52 Cr in the cash segment on Monday while the DIIs were net buyers of Rs 17.49 Cr, as per the provisional figures.

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Gap down opening on the cards

Indian Indices:

Indian markets likely to witness a negative opening tracking a bearish trend across most Asian stocks as investors across the globe weighed comments from Fed Chair Janet Yellen. SGX Nifty is trading 21.00 points down.

Indian shares inched lower on Friday, marking its worst week since early May, as investors stayed on the sidelines ahead a speech by U.S. Federal Reserve Chair Janet Yellen in Jackson Hole, Wyoming later in the day

The S&P BSE Sensex and CNX Nifty fell 0.19%-0.23% each. On Friday (August 26, 2016), BSE SENSEX closed at 27782.25, down by 53.66 points or by 0.19%, and the NSE Nifty ended at 8572.55, down by 19.65 points or by 0.23%.

Global Market:

Asian share markets slipped on Monday while the U.S. dollar held firm on Monday after U.S. Federal Reserve Chair Janet Yellen indicated an interest rate increase remains on the cards for this year.

U.S. stocks closed lower in choppy trading and the U.S. dollar surged on Friday as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen.

European shares rose on Friday after Federal Reserve chair Janet Yellen gave no firm indication about when the Federal Reserve might raise interest rates, encouraging markets after hawkish comments from Fed policymakers last week. Major

Major Headlines of the day:

JSW to set up 10-mt steel plant in Odisha for Rs50,000 cr

GMR wins bid for Goa airport

RIL focuses on domestic market for refined products Mahindra Group bets on branded car spare parts

Trend in FII flows:The FIIs were net buyers of Rs 341.35 Cr in the cash segment on Friday while the DIIs were net sellers of Rs -266.43 Cr, as per the provisional figures.

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Thank God it’s Friday say Bulls

Indian Indices:

Indian equity benchmarks are set to witness a gap up opening on Friday as traders across the globe awaited a highly anticipated speech from US Fed Chair Janet Yellen at Jackson Hole today which may offer some clues on the trajectory of interest rate hikes in the world’s biggest economy.

Gains in the CNX Nifty Index Futures for September delivery which were trading at 8,660.5, up by 0.22 per cent or 19 points at 10:40 AM Singapore time, signal that the Sensex may open on a bullish note today. Shares of Tata Motors will be in focus as the automobile giant reveals its April-June 2016 quarter report card.

Snapping a two-day drop, the 30-share Sensex on Thursday fell 224.03 points or by 0.8 per cent to 27,835.91 as Infosys nosedived amid the expiry of the August Futures & Options (F&O) contracts while traders were cautious ahead of Yellen speech.

Global Market:

Asian shares were mixed in the wake of caution ahead of Yellen’s speech later on Friday which may offer cues over the timing of the next Fed rate hike.

Shanghai Composite and Hang Seng rose but Nikkei 225 declined as Japan’s core consumer prices fell 0.5 per cent, year-on-year, a sign that the country remains mired in deflation.

US stocks retreated on Thursday as fresh economic data raised the odds of a near-term Fed rate rise.

Major Headlines of the day:

Lupin Pharma gets USFDA tentative approval for gPaxil oral tablets

Cipla’s subsidiary InvaGen Pharma gets USFDA approval for trospium chloride

RBI identifies SBI and ICICI Bank as D-SIBs in 2016

Trend in FII flows:The FIIs were net sellers of Rs -372.08 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs -357.02 Cr, as per the provisional figures.

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Markets may Go Green at start

Indian Indices:

Indian shares closed slightly higher on Wednesday, led by drug maker Aurobindo Pharma Ltd after stellar quarterly results, but sentiment remained edgy as investors awaited further cues on whether the U.S. Federal Reserve will raise interest rates this year. The S&P BSE Sensex and CNX Nifty rose 0.25%-0.21% each.

The volatility will persist in the market as investors await Fed Chair Janet Yellen’s speech on Friday at Jackson Hole, in which she may offer some cues over the timing of the next US interest rate hike.

Meanwhile, volatility will also remain high at the local bourses as traders roll over their positions due to the August Futures & Options (F&O) contract expiry this Thursday.

The BSE SENSEX closed at 28059.94, up by 69.73 points or by 0.25 per cent, and the NSE Nifty was at 8650.3, up by 17.7 points or by 0.21 per cent.

Global Market:

Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the greenback held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting.

Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months.

European shares rose on Wednesday, helped by a buoyant banking sector, while a disappointing update from British miner Glencore dragged the mining sector lower.

Major Headlines of the day:

Monsanto India pulls out new GM cotton seed from India

PNC Infratech doubles net profit to Rs54.20 crore

State Bank of India to partner LIC to form credit enhancement fund

Trend in FII flows:The FIIs were net sellers of Rs -39.28 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 129.18 Cr, as per the provisional figures.

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Nifty volatile ahead of F&O expiry; Midcap outperforms

Equity benchmarks continued to consolidate for the third consecutive session with the Nifty hovering around 8650 level ahead of expiry of August derivative contracts.

The market has opened firm ahead of August Futures and Options expiry tomorrow as global cues are supportive. The Sensex is up 103.55 points or 0.4 percent at 28093.76 and the Nifty is up 15.90 points or 0.2 percent at 8648.50. About 309 shares have advanced, 96 shares declined, and 28 shares are unchanged.

Maruti, Infosys, ONGC, NTPC and Adani Ports are top gainers while Lupin, TCS, Coal India, Hero MotoCorp and Tata Steel are losers in the Sensex. The Indian rupee opened lower by 8 paise at 67.14 per dollar versus 67.06 Tuesday.

The dollar index hold steady as investors reassess the outlook for US monetary tightening.

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Sensex hovers around 28000; Shriram EPC, Fortis Malar surge 20%

Equity benchmarks continued to trade in a tight range ahead of expiry of August derivative contracts and speech of Federal Reserve Chief Janet Yellen at Jackson Hole.

The Sensex was up 16.74 points at 28002.28 and the Nifty gained 6.10 points at 8635.25. The market breadth was positive as about 1113 shares advanced against 726 declining shares on the BSE.

The Indian rupee has opened higher by 7 paise at 67.12 per dollar against previous close of 67.19 a dollar.

The dollar stopped its advance against major currencies on hesitation ahead of a speech from the Fed chair on Friday.

Asian markets were mixed with the Japan's Nikkei and Hong Kong's Hang Seng falling over 0.3 percent whereas China's Shanghai gained 0.2 percent.

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Muted start seen on Dalal Street

Indian shares are likely to witness muted opening as the global cues look unsupportive with SGX Nifty trading 4.50 points lower.

Indian Indices:

With speculation regarding Rajan’s successor now over, and the person chosen to fill his shoes seen continuing his legacy, Urjit Patel’s appointment as RBI governor will act as a positive trigger for domestic stock markets.

Among key earnings slated for the week ahead, NTPC and HPCL are scheduled to announce Q1 June 2016 results on Monday, 22 August 2016. Aurobindo Pharma and Tata Power Company are scheduled to announce Q1 June 2016 earnings on Tuesday, 23

Indian shares closed marginally lower on Friday as global sentiment was subdued following comments by some U.S. Federal Reserve officials, although gains in individual stocks such as State Bank of India supported indexes. The S&P BSE Sensex and CNX Nifty fell 0.17%-0.07% each.

The BSE SENSEX closed at 28077, down by 46.44 points or by 0.17 per cent and the NSE Nifty ended at 8666.9, down by 6.35 points or by 0.07 per cent.

Global Market:

Asian shares slipped on Monday and the dollar pulled away from last week's lows on expectations that a signal might emerge from a Federal Reserve gathering this week in Jackson Hole, Wyoming that the U.S. central bank is gearing up to hike interest rates.

The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed's No. 2 policymaker said on Sunday in comments that did not address when the

European stock markets fell on Friday in their worst weekly loss since the middle of June, with storage tank group Vopak slumping after its results while major bank stocks also weakened.

Major Headlines of the day:

Apollo Tyres to invest Rs 1,700 cr in Chennai plant

Sunil Mittal re-appointed Chairman of Bharti Airtel for 5 years

India's tea exports rise marginally to 42 million kg

Trend in FII flows: The FIIs were net buyers of Rs 409.94 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 106.19 Cr, as per the provisional figures.

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Bulls-Bears may play hide and seek

Indian Indices:

Indian equity benchmarks are likely to witness a gap down opening on Friday tracking a negative trend across markets in Asia as renewed fears over a US interest rate hike in the near-term after comments from a top Fed official who backed the case for a rate hike soon, curbed risk taking appetite.

Tightening of US monetary policy may result in volatility in capital flows to emerging markets such as Asia’s third biggest economy. Losses in the CNX Nifty Index Futures for August delivery which was trading at 8,668, down by 0.17 per cent or 15 points at 10:38 AM Singapore time, signal that the Sensex may open lower today.

Finance Minister Arun Jaitley said that a decision on who will fill Rajan’s shoes is yet to be taken. Snapping a two-day losing streak, the 30-share Sensex on Thursday advanced 118.07 points or by 0.42 per cent to 28,123.44 tracking firm global cues as Fed minutes showed that officials were split on the need to raise borrowing costs in the near-term.

Global Market:

Asian stocks fell today even as crude oil entered a bull market, holding above USD 48 per barrel, driving a rally in raw material producers.

Shanghai Composite and Hang Seng fell, Japan’s Nikkei 225 was trading lower despite yen weakness.

US stocks advanced on Thursday as energy stocks were boosted by an oil rally while a drop in jobless claims and acceleration in US leading index signaled a pickup in the country’s economic growth.

Major Headlines of the day:

State Bank of India announces merger ratio with subsidiary banks

Apollo Tyres in talks with two-wheeler OEM’s for direct supply

UltraTech Cement to issue NCDs worth Rs500 crore

Trend in FII flows:The FIIs were net buyers of Rs 162.17 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs –14.42 Cr, as per the provisional figures.

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TOP CORPORATE NEWS- 17 Aug 2016

Strides Shasun reports Q1 consolidated net profit at Rs26 cr

Strides Shasun has announced the following Q1 results for the quarter ended June 30, 2016

StandaloneThe Company has posted a net profit of Rs27.18 crore Vs Rs14.51 crore.

Total Income increased to Rs549.47 crore Vs Rs525.01 crore.

Tree House rallies as board approves merger with Zee Learn

Shares of Tree House surged 15% to Rs36.35 on NSE in an otherwise weak market after the board approved revised merger scheme with Zee Learn.Tree House shareholders will get one share of Zee Learn for each share in company.

BHEL bags order worth Rs169 crore on EPC basis

BHEL won orders worth Rs169 crore for setting up 30 MW of solar PV power plant on EPC basis.

The value of the order is very small considering the size of the company but the solar order trend is increasing gradually.

JK Lakshmi gets green signal for expansion project

JK Lakshmi Cement has received environment clearance for expansion of its limestone mine output in Rajasthan, entailing an investment of Rs120 crore, as per reports.

The company's proposal was to enhance the production capacity of its limestone mine located in Sirohi district from 8 million tonnes per annum (MTPA) to 13 MTPA. The mined limestone will be supplied to a cement plant in Sirohi.

Just Dial Q1 net profit up 8% (YoY)

Just Dial has announced the following Q1 Unaudited Standalone results for the quarter ended June 30, 2016 (YoY):

Net Profit rose by 7.98% to Rs38.93 crore Vs Rs36.05 crore (YoY).

Total Income increased by 14.06% to Rs204.95 crore Vs Rs179.68 crore (YoY).

PAT at Rs38.9 crore vs Rs36.1 crore, up 8% (YoY).

EBITDA at Rs29.3 crore vs Rs45.2 crore, down 35.2% (YoY).

EBITDA Margin at 16.6% vs 27.2% (YoY).

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Markets to open higher on global rally; IIP, CPI eyed

Indian Indices:

Indian markets may witness a slight gap up opening on Friday tracking a rally across markets in Asia and a record finish at Wall Street overnight, but caution ahead of key economic data may weigh on risk taking appetite at Dalal Street. SGX Nifty is trading 10.50 points high.

Shares of Central Bank of India, Cipla, Dena Bank, Hindalco Industries, Jet Airways, Bank of Maharashtra and Oriental Bank of Commerce will be in focus as they reveal their April-June quarter report cards.

Indian shares closed slightly higher on Thursday after posting their worst fall in nearly seven weeks in the previous session, as continued heavy buying by foreign investors helped lift blue chips such as ITC even though overall sentiment remained cautious. The S&P BSE Sensex and CNX Nifty rose 0.31%-0.20% each.

Global Market:

Asian stocks rose slightly in early Friday trade, taking a cue from Wall Street's records overnight, before switching focus to a run of economic indicators from China.

The three main stock-market indexes rang up record highs Thursday as better-than-expected economic data and a rebound in oil prices boosted Wall Street sentiment.

European shares hit a two-month closing high on Thursday, with companies such as scents and flavours maker Symrise and consumer group Henkel hitting record highs after strong results and encouraging updates.

Major Headlines of the day:

SpiceJet to add 3 planes, new flights to northeast

Rane Engine Valve sells land for Rs 95 crore

Aditya Birla Nuvo to merge with Grasim

Trend in FII flows:The FIIs were net buyers of Rs 608.35 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs –621.65 Cr, as per the provisional figures.

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Nifty holds 8550 amid consolidation; Dilip Buildcon surges 11%

Equity benchmarks continued to consolidate after profit booking in previous two consecutive sessions. Even Asian markets are mixed in trade. Investors waited for results of major companies like SBI, Tata Motors, Tata Steel, BHEL, Coal India, ONGC, BPCL, IOC, HPCL and Sun Pharma.

The market has opened flat with the Nifty still below 8600. The 50-share is down 4.30 points at 8571 while the Sensex is up 2.04 points at 27776.92.The Indian rupee opened lower by 9 paise at 66.81 per dollar versus 66.72 Wednesday.

BHEL, Axis Bank, Coal India, NTPC and ICICI Bank are top gainers while GAIL, Wipro, Sun Pharma, HDFC and TCS are losers. Bank of Baroda is down 5 percent after it posted disappointing Q1 results.

The US dollar fell broadly as US treasury yields fell and investors waited on a speech by Federal Reserve Chair Janet Yellen later this month.

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Sensex falls over 150 pts, Nifty below 8650; ITC, RIL, HDFC drag

Equity benchmarks fell sharply after flat opening, dragged by index heavyweights Reliance Industries, HDFC twins, ITC.

The Reserve Bank of India's interest rate cuts -- 1.5 percent since early last year -- has helped drive yields lower, enabling banks to book treasury profits and clean up their balance sheets, says Arundhati Bhattacharya, chairperson of State Bank of India.

The market has opened in green but the Nifty is below 8700. The 50-share index is up 8.45 points at 8686.70 and the Sensex is up 42.38 points at 28127.54.

Adani Ports, SBI, M&M, Coal India, ICICI Bank are top gainers while BHEL, GAIL, Infosys, ITC and TCS are losers in the Sensex.

The Indian rupee opened at 66.68 a dollar, up 16 paise compared with 66.84 a dollar in previous session.

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Markets likely to open in green; RBI Policy hogs limelight

Indian Indices:

Indian markets may post slim gains in opening bell on Tuesday tracking a mixed trend in Asian stocks. SGX Nifty is trading 10.00 points higher.

Shares of Adani Ports and Special Economic Zone, Adani Power, Indian Overseas Bank, Lupin, United Bank of India and UCO Bank will be in focus as they reveal their June quarter report cards.

India's NSE index rose to a 15-1/2 month high on Monday, tracking gains in other Asian markets, after solid U.S. jobs data bolstered expectations of an acceleration in U.S. economic growth at a time of ultra-easy global monetary policy conditions. The S&P BSE Sensex and CNX Nifty rose 0.37%-0.32% each.

Global Market:

Asian shares stood atop one-year peaks on Tuesday as investors' desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK.

U.S. equities close slightly lower on Monday, despite a rise in oil prices, as investors awaited key retail sales data due later this week.

European stock markets rose on Monday, propped up by gains in the shares of major banks and other financial stocks, while Dutch firm PostNL surged after results.

Major Headlines of the day:

JSPL to recast Rs 7,500-cr loan

FMCG sales growth slows to 3.2% in Apr-Jun

Telecom industry body accuses Trai of bias

Trend in FII flows: The FIIs were net buyers of Rs 1156.19 Cr in the cash segment on Monday while the DIIs were net sellers of Rs -876.34 Cr, as per the provisional figures.

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INDIAN EQUITY MARKET OUTLOOK- 8 Aug 2016

Sensex, Nifty continue to gain on Asian cues; L&T, Bharti down

Equity benchmarks continued to consolidate with a positive bias after hitting a fresh 52-week high on the Nifty. The broader markets also traded in line with benchmarks, up 0.4 percent.

The 30-share BSE Sensex was up 122.11 points at 28200.46 and the 50-share NSE Nifty gained 31.80 points at 8714.95. The market breadth remained positive as about two shares declined for every share falling on the Bombay Stock Exchange.

Reliance Industries, HDFC, Infosys, HDFC Bank, Lupin and Tata Motors were top contributors to Sensex's gains. L&T, Bharti Airtel, Asian Paints, NTPC and Sun Pharma were losers in early trade.

The market has opened higher on Monday. The Nifty has opened at new 52-week high with the 50-share index up 26.95 points or 0.3 percent at 8710.10 and the Sensex is up 113.53 points or 0.4 percent at 28191.88. About 409 shares have advanced, 101 shares declined, and 37 shares are unchanged.

The Indian rupee opened lower by 8 paise at 66.85 per dollar on Monday versus previous close 66.77. Dollar gained ground versus the yen amid the bigger-than-estimated increase in American payrolls.

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