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Showing posts from February, 2014

DAILY EQUITY REPORT 3 rd march 2014

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INDIAN FACE 


INDIAN EQUITY BENCHMARK gained for the fifth straight
session to end at five-week highs led by TCS, Tata Motors and
pharma shares. The government will announce GDP figures for
the December 2013 quarter later today.

Further, Dr. Reddy’s Laboratories ended up 2.4%, extending its
previous day’s 2% gain, after the company said it has launched
Sumatriptan Injection USP in the US.

The government has approved 10 % stake sale in Indian Oil
Corporation to state run ONGC and OIL at a discount of 10 %,
which will fetch about Rs 5,300 crore to the exchequer.


GLOBAL FACE

Asian stock markets were lower with the Nikkei also down in
thin trading despite robust economic data coming from Japan.

European stocks mixed to higher as investors were eyeing the
release of highly anticipated euro zone inflation data later in the
trading session.

U.S. stocks markets climbed higher after Federal Reserve Chair
Janet Yellen suggested harsh winter weather may have been the
reason behind a string of disa…

TOP FIVE BUZZING STOCKS

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HINDALCO TREND:BULLISH SUPPORT: 97 RESISTANCE: 111

ASTRANZENECA TREND:BULLISH SUPPORT: 783 RESISTANCE: 1076

MARUTI TREND:BEARISH SUPPORT: 1540 RESISTANCE: 1733

HEXAWARE TREND:BEARISH SUPPORT: 142 RESISTANCE: 167

BIOCON TREND:BULLISH SUPPORT: 424 RESISTANCE: 497

TOP CORPORATE NEWS-28 FEB

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TOP CORPORATE NEWS
Arvind gains on JV with a Japanese firm Arvind rose 0.97% after the company announced a joint venture with Goodhill Corporation of Japan by setting up a Greenfield suits manufacturing facility based out of Bommansandra Industrial estate in Bengaluru.
·Bharti Airtel slips after Nigeria fines for poor service
Bharti Airtel fell 0.19% after Nigeria's telecoms regulator fined the company. The penalties were imposed because the operators had failed to meet key performance indicators and poor quality of service for the month of January 2014.
·RIL concerned about D6 gas price block
Reliance Industries is fearing that it may be compelled to shut down production from KG-D6 block in the absence of an agreement on the price of gas. RIL may sign sales agreements with consumers three weeks before the new price comes into effect.
·Titan drops on profit booking

Titan Company lost 1.26%, with the stock sliding on profit booking after recent rally after the firm has entered into a join…

INDIAN EQUITY MARKET WRAP UP-28 Feb 2014

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INDIAN BENCHMARKS end at five-week highs ahead of Q3 GDP data
INDIAN BENCHMARKS gained for the fifth straight session to end at five-week highs led by TCS, Tata Motors and pharma shares. The government will announce GDP figures for the December 2013 quarter later today.
Further,Bharti Airtel recovered from the day's lows to end down 0.2% that Nigeria's telecom regulator has fined mobile operators MTN , Airtel and Globacom a combined 647.5 million naira and banned them from selling SIM cards in March due to poor service.Maruti Suzuki India ended down 4.5% after the company clarified regarding its board's decision on the proposed Gujarat project.
The crucial resistance for Nifty is now seen at 6300 and above this 6350. Support for the immediate term is now placed at 6100 and next support will be 6040.

INDIAN EQUITY MARKET OUTLOOK-28 FEB

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INDIAN BENCHMARK have started the trading session on a higher note with Sensex and Nifty gaining by nearly 0.5% each. The government will unveil data on gross domestic product (GDP) for Q3 December 2013 after trading hours today.

FURTHER, Tech Mahindra said it has signed an agreement to acquire the IT and consultancy services business of chemical giant BASF in a bid to strengthen its presence in Western Europe.Reliance Industries is fearing that it may be compelled to shut down production from KG-D6 block in the absence of an agreement on the price of gas.


Trend in FII flows: The FIIs were net buyers of Rs.511cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 251cr, as per the provisional figures released by the NSE.

DAILY EQUITY REPORT 28 TH FEBRUARY 2014

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INDIAN FACE


INDIAN EQUITY BENCHMARK increased for the fourth
consecutive day amidst volatile trading and expiry of the
February Futures & Options (F&O) derivative contracts. Gains
of 2% in index heavyweight ITC also contributed towards the
rise.

Further, State Bank of India increased by 1% to Rs 1,522 after
the country’s largest public sector lender said that its board
schedule to meet next week to consider interim dividend to
shareholders of the company.

Tata Steel and Sesa Sterlite extended yesterday's fall to decline
by 3.2% and 2.4% respectively, as metal companies continued
their struggle after a weak global outlook for the industry. They
were the worst performer in the Sensex.

GLOBAL FACE

Asian stock markets were swung between small gains and
losses in choppy trade, as growing concerns over the global
economic recovery dampened sentiment.

European stocks slid on a disappointing consumer confidence
report, though healthy corporate earnings cushioned losses.

U.S. stoc…

TOP FIVE BUZZING STOCKS

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ARVIND TREND:BULLISH SUPPORT: 141 RESISTANCE: 156

BPCL TREND:BULLISH SUPPORT: 365 RESISTANCE: 390

TATA STEEL TREND:BEARISH SUPPORT: 336 RESISTANCE: 372

VOLTAS TREND:BULLISH SUPPORT: 120 RESISTANCE: 136

SSLT TREND:BEARISH SUPPORT: 172 RESISTANCE: 185

TOP CORPORATE NEWS-26 FEB

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TOP CORPORATE NEWS
·Tata Power extends Tuesday's slide Tata Power Company lost 1.48% with the stock extending recent fall triggered by equity dilution worries after the firm said its board of directors will meet on 27 February 2014 to consider various fund raising options.
·Lupin receives FDA approval for generic Mycobutin capsules
Lupin Ltd announced that it has received final approval for its Rifabutin Capsules USP, 150 mg from the United States Food and Drugs Administration to market a generic version of Pharmacia and Upjohn Company’s Mycobutin Capsules 150 mg.
·Arvind Remedies inches up after commencement of commercial operations at a unit
Arvind Remedies rose 0.82% after the company said that on 20 February 2014 the commercial operation of the new unit of the company at Kakkalur, Tiruvellore, Tamil Nadu for few products has been started.
·Dr Reddy's at new high, launches headache drug Sumatriptan

Dr Reddy’s Laboratories gained nearly 2% at Rs 2,823, after touching a record high …

INDIAN EQUITY MARKET WRAP UP-26 Feb 2014

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INDIAN BENCHMARKS ends at one-month high on February F&O expiry.

INDIAN BENCHMARKS increased for the fourth consecutive day amidst volatile trading and expiry of the February Futures & Options derivative contracts. Gains of 2% in index heavyweight ITC also contributed towards the rise.

Further,State Bank of India increased by 1% to Rs 1,522 after its board schedule to meet next week to consider interim dividend to shareholders of the company. Dr Reddy’s Laboratories gained nearly 2% after touching a record high of 2,845 earlier in the day, after the company said it has launched Sumatriptan Injection USP in the US.


The crucial resistance for Nifty is now seen at 6300 and above this 6350. Support for the immediate term is now placed at 6100 and next support will be 6040.

INDIAN EQUITY MARKET OUTLOOK-26 FEB

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INDIAN BENCHMARK see a volatile day ahead as investors will remain cautious on account of February month derivative expiry today.The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 per cent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.

FURTHER, Wipro is keen to repeat the success of its Citibank captive acquisition, as the company accelerates efforts to close the gap between itself and rivals Tata Consultancy Services and Infosys in winning financial clients.CESC Ltd has sought a sharp hike of 18% in average tariff to Rs7.55 a unit from the regulator for the financial year 2014-15.


Trend in FII flows: The FIIs were net buyers of Rs.423cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 289cr, as per the provisional figures released by the NSE.

TOP FIVE BUZZING STOCKS -26 FEB

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AUROBINDO PHARMA TREND:BULLISH SUPPORT: 480 RESISTANCE: 540

BPCL TREND:BULLISH SUPPORT: 346 RESISTANCE: 382

TATA STEEL TREND:BEARISH SUPPORT: 356 RESISTANCE: 382

RANBAXY TREND:BULLISH SUPPORT: 341 RESISTANCE: 376

DISH TV TREND:BEARISH SUPPORT: 47 RESISTANCE: 50

TOP CORPORATE NEWS-25 FEB

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TOP CORPORATE NEWS
·Ranbaxy Laboratories stock up 2% Shares of Ranbaxy Laboratories were up 2% at Rs369 it has suspended shipments of pharmaceutical ingredients produced at its Toansa and Dewas plants.
·IOC plans to buy stakes in Petronas' LNG project
Indian Oil Corp is planning to buy Malaysian firm Petronas' 10% stake in a shale-gas assets and liquefied- natural-gas project in British Columbia for $900 mn.
·Tech Mahindra signs agreement with Sierra Wireless
Tech Mahindra Ltd. and Sierra Wireless announced that they have signed a formal teaming agreement to work collaboratively to develop and deploy end-to-end M2M solutions for customers worldwide.
·Cadila Healthcare hits record high on USFDA nod for Clonidine Hcl injection
Cadila Healthcare trading higher by 2% extending its yesterday’s nearly 5% rally after the company said it has received the final approval from the US FDA to market Clonidine Hcl Injection 0.1 and 0.5 mg/ml, 10 ml.

INDIAN EQUITY MARKET WRAP UP-25 Feb 2014

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INDIAN BENCHMARKS ends higher ahead of February derivative expiry
INDIAN BENCHMARKS ended a volatile session of trade in the positive territory ahead of February derivative contracts expiry tomorrow. This was the third consecutive session of gains.Cadila Healthcare is trading higher by 2% extending its yesterday’s nearly 5% rally, after the company said it has received the final approval from the US FDA to market Clonidine Hcl Injection 0.1 and 0.5 mg/ml, 10 ml.
Further,Shares of Ranbaxy Laboratories was up 2% at Rs369 it has suspended shipments of pharmaceutical ingredients produced at its Toansa and Dewas plants. Indian Oil Corp is reportedly planning to buy Malaysian firm Petronas' 10% stake in a shale-gas assets and liquefied- natural-gas project in British Columbia for $900 mn.
The crucial resistance for Nifty is now seen at 6300 and above this 6350. Support for the immediate term is now placed at 6100 and next support will be 6040.

INDIAN EQUITY MARKET OUTLOOK-25 FEB

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INDIAN BENCHMARK upbeat to begin with.Tata Power's board will deliberate on various fund raising options, including by way of preferential issue of shares to institutional investors, on February 27.

FURTHER, Ranbaxy Labs will be in focus after Japanese drugmaker Daiichi Sankyo Co Ltd said that its Indian unit Ranbaxy Laboratories Ltd has suspended shipment of pharmaceutical ingredients produced at its Toansa and Dewas plants.JP Associates may be in action on reports of stake sale of cement plants.


Trend in FII flows: The FIIs were net buyers of Rs.266cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 248cr, as per the provisional figures released by the NSE.

TOP FIVE BUZZING STOCKS -25 FEB

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AXIS BANK TREND:BULLISH SUPPORT: 1146 RESISTANCE: 1270

VOLTAS TREND:BULLISH SUPPORT: 120 RESISTANCE: 135

BHARTI AIRTEL TREND:BEARISH SUPPORT: 279 RESISTANCE: 298

NTPC TREND:BEARISH SUPPORT: 113 RESISTANCE: 134

LARSEN & TURBO TREND:BULLISH SUPPORT: 1035 RESISTANCE: 1106

TOP CORPORATE NEWS-24 FEB

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TOP CORPORATE NEWS
·NTPC tanks 11%, hits 7.7-year low on CERC norms NTPC tanked 11.5 percent, hitting 7.7-year low as the Central Electricity Regulatory Commission final regulations for FY15-19 provides no respite to the company. The norms will fix tariffs for the power sector for the next five years. Tightening of norms for NTPC will erode most of the incentives, the state-run power producer enjoyed.
·Reliance Power gains after favorable order from CERC
Reliance Power rose 1.03% to Rs 63.75 after the company received favorable order from the electricity regulator in connection with the petition filed by Sasan Power, the company's wholly owned subsidiary.
·SKS Micro up 4% as co completes Rs 158 cr securitization
Investors are lapping up shares of SKS Microfinance after the company announced the seventh substantial microfinance securitisation during the current financial year of Rs 158.27 crore.
·IDFC drops amid volatility as RBI bans fresh FII investment
IDFC lost 1% to Rs 94.20 after th…

INDIAN EQUITY MARKET WRAP UP-24 Feb 2014

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INDIAN BENCHMARKS end at 1-month closing high
INDIAN BENCHMARKS rose for a second straight session to their highest closing in a month as blue chips including banks gained on continued optimism about foreign investor buying despite rising global uncertainties.
Further,L&T ended higher by nearly 3% after the company said it has received Foreign Investment Promotion Board approval for foreign direct investment in L&T Infrastructure Development Projects Limited.IDFC lost 1% after the Reserve Bank of India after trading hours said that no further purchases of shares of the company will be allowed on behalf of foreign institutional investors.
The crucial resistance for Nifty is now seen at 6230 and above this 6350. Support for the immediate term is now placed at 6065 and next support will be 5990.

INDIAN EQUITY MARKET OUTLOOK-24 FEB

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INDIAN BENCHMARK have negative start and may weaken further as the day progress given the negative vibes from the global equity markets.Investor attention on the F&O expiry which happens on Wednesday and on macro economic data including the fiscal deficit data.

FURTHER, United Bank of India, stricken by bad debt, may be bracing for worse as the state-owned lender is looking into the possibility of Rs8bn having been disbursed at one of its branches in New Delhi without making sure of collateral.NTPC will set up a 1,320 MW power project in Bihar entailing an investment of Rs92bn. In this regard, a Memorandum of Understanding was inked between NTPC, Bihar State Power Generation Company Ltd and Lakhisarai Bijlee Company Private Ltd.


Trend in FII flows: The FIIs were net buyers of Rs.603cr in the cash segment on Friday while the domestic institutional investors (DIIs) were net sellers of Rs. 381cr, as per the provisional figures released by the NSE.

TOP FIVE BUZZING STOCKS

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BHARTI AIRTEL TREND:BEARISH SUPPORT: 280 RESISTANCE: 304

AXIS BANK TREND:BULLISH SUPPORT: 1146 RESISTANCE: 1228

HCL TECH TREND:BULLISH SUPPORT: 1467 RESISTANCE: 1567

MCLEOD RUSSEL TREND:BULLISH SUPPORT: 262 RESISTANCE: 291

UPL LTD TREND:BEARISH SUPPORT: 173 RESISTANCE: 189

TOP ROCKING PERFORMANCE OF THE DAY-21 FEB

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CS CALL: BUY HCL TECH FUTURE ABOVE 1522 TGT 1528, 1536, 1546 SL 1507,
TARGET ACHIEVED: 3


CS CALL: BUY AXIS BANK FUTURE ABOVE 1175 TGT 1181, 1189, 1199 SL 1160,
TARGET ACHIEVED: 3


CS CALL: BUY ARVIND LTD FUTURE ABOVE 148.20 TGT 148.60, 149.10, 149.70 SL 147.20
TARGET ACHIEVED: 2


CS CALL: BUY MCLEOD RUSSEL ABOVE 275 TGT 276.50,278.50,281 SL 272
TARGET ACHIEVED: 3


CS CALL: SELL BHARTI AIRTEL BELOW 293 TG 291.50,289.50,286.50 SL 296
TARGET ACHIEVED: 3


TOP CORPORATE NEWS-21 FEB

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TOP CORPORATE NEWS
·United Bank of India slips after CMD Archana Bhargava quits United Bank of India fell 1.03% after Archana Bhargava resigned as chairperson and managing director of the bank with effect from 20 February 2014. United Bank of India has been under pressure after reports on non-performing assets mismanagement surfaced earlier in this week.
·HCL Tech gains on buzz Shiv Nadar to sell entire stake
HCL Technologies rose 1.06% on reports that the company's promoter Shiv Nadar is sounding out potential buyers for selling his entire 62% stake in the company.
·Elder pharma Expect Rs 600-700cr sales from overseas biz    Elder Pharma is planning to come out with series of new products especially line of in-license products and brand extension. The company has appointed Deloitte for organisational restructuring post its sale of formulation business to Torrent Pharma.
·ICICI Bank launches municipal tax collection service in Nashik
ICICI Bank has announced the launch of a service to …

INDIAN EQUITY MARKET WRAP UP-21 Feb 2014

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INDIAN BENCHMARKS re-conquers,Cap goods, Banks lead

INDIAN BENCHMARKS recouped most of yesterday's losses to end higher helped by a rebound in bank shares while encouraging data from the US boosted sentiment for IT shares.

Further,Bharti Airtel lost a court case in Nigeria and potentially faces US$3bn in payouts over a 5% stake claimed by Econet Wireless in its Nigerian unit.Wipro has collaborated with Agnik, a cloud-based vehicle performance Big Data analytics software company, to offer advanced connected car information technology services and platforms for the automotive industry.


The crucial resistance for Nifty is now seen at 6190 and above this 6250. Support for the immediate term is now placed at 6065and next support will be 5990.

INDIAN EQUITY MARKET OUTLOOK-21 FEB

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INDIAN BENCHMARK rebounded tracking their Asian peers and overnight gains on Wall Street with banks and IT majors lifting the Nifty above 6,100 levels in early trades.Power Finance Corp and Rural Electrification Corp have disbursed transitional loans worth Rs337bn to state-owned power distribution companies.

FURTHER, Jindal Steel and Power Ltd announced the launch of its new retail brand Jindal Panther TMT rebars, signifying the company’s foray into the retail product segment.Bharti Airtel will move the Supreme Court of Nigeria against a judgement, dated 14 February, of the Court of Appeal, Lagos that ruled in favour of Econet Wireless of Nigeria.

Trend in FII flows: The FIIs were net buyers of Rs.206cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 600cr, as per the provisional figures released by the NSE.

TOP FIVE BUZZING STOCKS -21 FEB

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ADANIENT TREND:BULLISH SUPPORT: 228 RESISTANCE: 262

JP ASSOCIATE TREND:BULLISH SUPPORT: 36 RESISTANCE: 43

ARVIND TREND:BULLISH SUPPORT: 136 RESISTANCE: 151

ASIAN PAINT TREND:BEARISH SUPPORT: 453 RESISTANCE: 477

BHARTI AIRTEL TREND:BEARISH SUPPORT: 280 RESISTANCE: 305

INDIAN EQUITY MARKET WRAP UP-20 Feb 2014

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INDIAN BENCHMARKS snaps 4-day winning streak.

INDIAN BENCHMARKS snapped its four day winning streak and closed almost 1 percent lower led by a sell-off in heavyweight banking stocks. The investor sentiment went for a toss on cues emerging from world's biggest economies. Macro-economic data from China and minutes of the US Federal Reserve's last meeting caused the turmoil as stocks tumbled around the globe.

Further,Tata Sponge Iron has rallied 13% to Rs 424, extending its previous day’s 5% gain, on back of heavy trading volumes. A combined 2.55 million shares representing 16.6% of total equity of the company changed hands on the counter.Thomas Cook 's fourth quarter  consolidated net profit grew 52 percent to Rs 13.1 crore compared to same quarter last year on account of higher revenues.


The crucial resistance for Nifty is now seen at 6190 and above this 6250. Support for the immediate term is now placed at 6065 and next support will be 5990.

TOP CORPORATE NEWS-20 FEB

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TOP CORPORATE NEWS
·RIL plans to raise over $1 bn through export credit Reliance Industries is in talks with four or five export credit agencies to raise over $1 bn (Rs 6,220 crore) in the next four months.This move is a part of the company’s plan to raise $13 bn debt to fund expansion of its petrochemical production capacity and gasification project.
·TCS gains after Diageo deal
TCS rose 0.45% after the company said that Diageo, the world's leading premium drinks business, has selected TCS as its new global IT provider.
·Thomas Cook Q4 net profit up 52% to Rs 13.1 cr
Thomas Cook's fourth quarter (October-December) consolidated net profit grew 52 percent to Rs 13.1 crore compared to same quarter last year on account of higher revenues. Total income from operations jumped 4.8 times to Rs 465.6 crore from Rs 97.7 crore during the same period.
·CCEA approves setting up of coal regulator The Cabinet Committee on Economic Affairs has approved the setting up of a coal regulator that was f…